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What they learned from the crash: A comparison of Korean firms’ FDI before and after the 1997 financial crisis

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  • Young-Ryeol Park

    (Yonsei University)

  • Yong Suhk Pak

    (Yonsei University)

  • Jeoung Yul Lee

    (Yonsei University)

Abstract

This study examines the effect of the 1997 Asian financial crisis on the foreign direct investment (FDI) activities of Korean firms. It identifies differences in their behavior before and after the crisis and examines the determinants of their FDI in terms of location factors, ownership factors, and strategic factors.

Suggested Citation

  • Young-Ryeol Park & Yong Suhk Pak & Jeoung Yul Lee, 2006. "What they learned from the crash: A comparison of Korean firms’ FDI before and after the 1997 financial crisis," Management International Review, Springer, vol. 46(1), pages 109-130, February.
    • Handle: RePEc:spr:manint:v:46:y:2006:i:1:d:10.1007_s11575-007-0051-z
    DOI: 10.1007/s11575-007-0051-z
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    Cited by:

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    2. Sierk Horn & Tomoki Sekiguchi & Matthias Weiss, 2021. "Thrown off track? Adjustments of Asian business to shock events," Asian Business & Management, Palgrave Macmillan, vol. 20(4), pages 435-455, September.
    3. Saleh, Emad Alchikh, 2023. "The effects of economic and financial crises on FDI: A literature review," Journal of Business Research, Elsevier, vol. 161(C).
    4. Sangcheol Song, 2017. "Ownership Increase in International Joint Ventures: The Within- and Across-Country Flexibility Perspective," Management International Review, Springer, vol. 57(1), pages 93-120, February.
    5. Sven Horak, 2018. "Join In or Opt Out? A Normative–Ethical Analysis of Affective Ties and Networks in South Korea," Journal of Business Ethics, Springer, vol. 149(1), pages 207-220, April.
    6. Lee, Jeoung Yul & MacMillan, Ian C., 2008. "Managerial knowledge-sharing in chaebols and its impact on the performance of their foreign subsidiaries," International Business Review, Elsevier, vol. 17(5), pages 533-545, October.
    7. Lee, Jeoung Yul & Jiménez, Alfredo & Yang, Young Soo & Irisboev, Ilkhom, 2022. "The evolution of emerging market firms and time until subsidiary exit: Competitive dynamics of domestic market followers and contingency factors," Journal of Business Research, Elsevier, vol. 145(C), pages 694-704.

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