Financial Returnees as New Agents in East Asia
The Case of Korean Private Equity Funds
Bibliographic Data
| ID | 12566024 |
|---|---|
| Authors | Justin Robertson (0000-0002-7484-0112, City University of Hong Kong, corresponding author) |
| Year | 2012 |
| Volume | 18 |
| Issue | 4 |
| Pages | 579-602 |
| Publication date | 2012-12-24 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | New Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 1356-3467 • E-ISSN: 1469-9923 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/13563467.2013.742880 |
| OpenAlex | W2054985047 |
| Language | EN |
| Citations received | 5 |
| References cited | 35 |
Although the standing of Anglo-American capitalism has been badly damaged by the global economic crisis, the return of the state in emerging markets is by no means assured. Over the past decade, financial processes originating in Anglo-American markets, such as derivatives, hedge funds and mergers and acquisitions (M&A), have made quiet headway in emerging markets. One of the transmission channels is financial returnees, defined as elites returning to domestic finance from either global finance abroad or from foreign financial institutions in their home countries. Many financial returnees pursue business agendas that parallel the Anglo-American model, while portraying themselves as local for domestic constituencies. These actions are now especially visible in the rise of private equity funds in emerging markets. This article defines the concept of a financial returnee and charts the impact of these individuals in importing the Anglo-American private equity model to Asia with Korea as the primary case study. Once foreign-controlled, the private equity industry in Korea is now domestically-run and financial returnees have been integral in this sector's short but important history
Business · China · East Asia · Economics · Emerging markets · Equity (law · Financial crisis · Financial system · Hedge fund · Political science · Private equity · Private equity firm · Private equity fund · Private equity secondary market · Elite Sociology and Global Capitalism · Socioeconomic Development in Asia · State Capitalism and Financial Governance · Finance
The Transnational Capitalist Class
States in the Global Economy
Internalizing Globalization
Dependent Development
Asia's Next Giant
Internationalization and Domestic Politics
Bad Samaritans
Transnational Capitalist Class, The
Globalization
Power and Resistance in the New World Order
Ideas and Economic Reforms in India
Governing Finance
Should a Cosmopolitan Worry about the “Brain Drain”
From Brain Drain to Brain Circulation
Do they really rule the world
Territory, authority, rights
Neoliberal Economists and Capital Account Liberalization in Emerging Markets
Ethnic return migration and hierarchical nationhood
Educational ties, social capital and the translocal (re)production of MBA alumni networks
Transnationalists and national networkers in the global corporate elite
The Politics ofChaebolReform in Korea
Global Financial Centers
Rewards of technology
Foreign-educated returnees in the people's Republic of China
The Limits of Brain Circulation
Economic Dynamism in the Asia-Pacific
The Rebirth of the Liberal Creed
| Unique citing works | 5 |
|---|---|
| Citations per year | 0.56 |
| Citation span | 2017 - 2020 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 5 |