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Business groups and institutional upheaval in emerging economies: Corporate venturing in Korea

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  • Hicheon Kim
  • Johngseok Bae
  • Garry Bruton

Abstract

In this paper we detail the nature of market-oriented institutional upheaval and its implications for business groups in Korea during the late 1990s. Employing case study methodology we identify four projects that were nurtured under corporate venture programs in response to this upheaval: two internal incubating projects and two new venture investment projects. We analyze these cases employing the concepts of resource fit and organizational misfit. Based upon these in-depth case analyses we generate a conceptual framework that managers can rely on for the choice of organizing mode of corporate venture projects. We conclude by discussing managerial implications and future research directions. Copyright Springer Science+Business Media, LLC 2012

Suggested Citation

  • Hicheon Kim & Johngseok Bae & Garry Bruton, 2012. "Business groups and institutional upheaval in emerging economies: Corporate venturing in Korea," Asia Pacific Journal of Management, Springer, vol. 29(3), pages 729-752, September.
    • Handle: RePEc:kap:asiapa:v:29:y:2012:i:3:p:729-752
    DOI: 10.1007/s10490-010-9233-5
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    Cited by:

    1. Sumon K. Bhaumik & Ying Zhou, 2014. "Do business groups help or hinder technological progress in emerging markets? Evidence from India," William Davidson Institute Working Papers Series wp1066, William Davidson Institute at the University of Michigan.
    2. Hyojung Kim & Namgyoo Park & Jeonghwan Lee, 2014. "How does the second-order learning process moderate the relationship between innovation inputs and outputs of large Korean firms?," Asia Pacific Journal of Management, Springer, vol. 31(1), pages 69-103, March.
    3. Kim Andrea & Moon Chul Woo & Kim Sang Kyun & Shin Jiseon & Koh You Sang, 2020. "An Empirical Investigation on the Psychological Antecedents of Social Entrepreneurship," Entrepreneurship Research Journal, De Gruyter, vol. 10(3), pages 1-18, July.
    4. Peng, Mike W. & Su, Weichieh, 2014. "Cross-listing and the scope of the firm," Journal of World Business, Elsevier, vol. 49(1), pages 42-50.

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