Business Ethics During Mixed Modes of Exchange: South Korean Chaebol’s Succession Challenge

• 발행기관: 한국학술연구원
• 저자명: Bronwen Dalton Marie dela Rama
• 간행물 정보: 『Korea Observer』Vol 45, No 3, 415~435쪽, 전체 21쪽
• 주제분류: 사회과학 > 정치외교학
• 파일형태: PDF
• 발행일자: 2014.09.30

영문 초록

In his study on pathways to economic development, John Lie (1992) developed the concept of modes of exchange and identified four typologies: market, manorial, mercantile and entrepreneurial. We discuss the relevance of these typologies to Korea’s post-war economic development and focus specifically on how modes of market exchange may affect wider interpretations of business ethics. In the post-war period, we argue that there was no linear or clearly-staged trajectory from one mode of exchange to another and, in this context of uncertainty, elites used this as an opportunity to rationalize and justify certain practices. However, the 1997 Asian financial crisis unleashed forces that drove a significant shift towards the establishment of a more open and globalized market environment. This has created new challenges for the chaebol and its attempts to hold on to structures of the past, in particular to maintain family ownership through succession from father to son.

목차

Abstact

I. Introduction

II. Korean Development During Mixed Modes of Exchange

III. “Our Actions are Justifiable Because They Deliver Economic Growth”

IV. “Our Actions are N onnal as They are Part of Korean Culture”

V. Corporate Governance and Business Ethics Post-Financial Crises

VI. The Son Also Rises: Succession Planning in the Age of the Emerging Market and Entrepreneurial Modes of Exchange

VII. Conclusion

References

키워드

Business Ethics Chaebol Modes of Exchange Succes- sion Professionalization