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Global Forces and Corporate Reforms in South Korea

Bibliographic Data

ID6299228
AuthorsXiaoke Zhang (0000-0003-2906-131X, University of Nottingham, corresponding author), Xiaoke Zhang Xiaoke Zhang (School of Politics and International Relations, University of Nottingham, University Park, Nottingham NG7 2RD, United Kingdom)
Year2010
Volume31
Issue1
Pages59-76
Publication date2010-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueInternational Political Science Review (JOURNAL)
Journal identifiersISSN: 0192-5121 • E-ISSN: 1460-373X
PublisherSAGE Publications Inc (PUBLISHER)
DOI10.1177/0192512109354472
OpenAlexW2049098495
LanguageEN
Citations received5
References cited16

This article attempts to examine the international forces at work in the transformation of corporate governance in South Korea. In so doing, it provides a corrective to existing analyses that pay inadequate attention to how internationalization shapes domestic decisions about corporate reforms. The article explores the causal impact of four factors — overseas reforms and competition, global market constraints, transnational norms, and internalization of external pressures. It posits that these different forms of internationalization have created powerful forces for sustained corporate reforms in South Korea since the Asian financial crisis of 1997—8. While they have not preordained convergence toward the Anglo-American model of capitalism, they have overwhelmed political resistance and institutional inertia to result in an important shift in the architecture of South Korean corporate governance

Capitalism · Competition (biology · Convergence (economics · Corporate governance · Economic growth · Economic system · Economics · Emerging markets · Financial crisis · International trade · Internationalization · Market economy · Political economy · Political science · Politics · Resistance (ecology · Work (physics · Asian Industrial and Economic Development · Finance

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  • South Korea's Corporate Restructurings After the 1997 and 2008 Economic Crises

    Open Access•Inhye Heo•Asian Politics & Policy•2013

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  • International Institutions and the Case for Corporate Governance

    David Detomasi•Global Governance A Review of…•2002

  • The promotion of 'Anglo-American' corporate governance in the South

    Susanne Soederberg•Third World Quarterly•2003

  • The Politics ofChaebolReform in Korea

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Unique citing works5
Citations per year0,33
Citation span2011 - 2015 (5)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 5

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