Business Groups and Employment
Published Online:4 Nov 2020https://doi.org/10.1287/mnsc.2020.3616
References
- (2003) The costs of hiring and separations. Labour Econom. 10(5):499–530.Crossref, Google Scholar
- (1970) The market for ‘lemons’: Quality uncertainty and the market mechanism. Quart. J. Econom. 84(3):488–500.Crossref, Google Scholar
- (2015) Internal capital markets in business groups: Evidence from the Asian financial crisis. J. Finance 70(6):2539–2586.Crossref, Google Scholar
- (2011) The structure and formation of business groups: Evidence from Korean chaebols. J. Financial Econom. 99(2):447–475.Crossref, Google Scholar
- (1989) Internal labor markets. Ann. Rev. Sociol. 15:143–161.Crossref, Google Scholar
- (2002) Tunneling or value added? Evidence from mergers by Korean business groups. J. Finance 57(6):2695–2740.Crossref, Google Scholar
- (2006) Business groups and tunneling: Evidence from private securities offerings by Korean chaebols. J. Finance 61(5):2415–2449.Crossref, Google Scholar
- (2014) Do forecasters believe in Okun’s Law? An assessment of unemployment and output forecasts. Working paper, International Monetary Fund, Washington, DC.Google Scholar
- (2013) Okun’s Law: Fit at fifty? Working paper, International Monetary Fund, Washington, DC.Google Scholar
- (2016) Market friction and the competitive advantage of internal labor markets. Strategic Management J. 37(7):1280–1303.Crossref, Google Scholar
- (2002) Ferreting out tunneling: An application to indian business groups. Quart. J. Econom. 117(1):121–148.Crossref, Google Scholar
- (2012) The costs of hiring skilled workers. Eur. Econom. Rev. 56:20–35.Crossref, Google Scholar
- (2013) The deep-pocket effect of internal capital markets. J. Financial Econom. 109(1):122–145.Crossref, Google Scholar
- (2017) Insurance between firms: The role of internal labor markets. Working paper, City University of London, London.Google Scholar
- (2006) Tunneling, propping, and expropriation: Evidence from connected party transactions in Hong Kong. J. Financial Econom. 82(2):343–386.Crossref, Google Scholar
- (2006) What matters for financial development? Capital controls, institutions, and interactions. J. Developmental Econom. 81(1):163–192.Crossref, Google Scholar
- (2000) The separation of ownership and control in East Asian corporations. J. Financial Econom. 58(1–2):81–112.Crossref, Google Scholar
- (2008) The law and economics of self-dealing. J. Financial Econom. 88(3):430–465.Crossref, Google Scholar
- (2012) Testing trade-off and pecking order predictions about dividends and debt. Rev. Financial Stud. 15(1):1–33.Crossref, Google Scholar
- (2015) Capital and labor reallocation within firms. J. Finance 70(4):1767–1804.Crossref, Google Scholar
- (2014) Internal capital markets and dividend policy: Evidence from business groups. Rev. Financial Studies 27(4):1102–1142.Crossref, Google Scholar
- (1986) Adverse selection in the labour market. Rev. Econom. Studies 53(3):325–347.Crossref, Google Scholar
- (2010) New evidence on measuring financial constraints: Moving beyond the KZ index. Rev. Financial Studies 23(5):1909–1940.Crossref, Google Scholar
- (1991) Corporate structure, liquidity and investment: Evidence from Japanese industrial groups. Quart. J. Econom. 106(1):33–60.Crossref, Google Scholar
- (2019) The internal labor markets of business groups. Working paper, Universidad del Rosario, Bogotá, Columbia.Google Scholar
- (2013) Coinsurance within business groups: Evidence from related party transactions in an emerging market. Management Sci. 59(10):2295–2313.Link, Google Scholar
- (2000) Tunneling. Amer. Econom. Rev. 90(2):22–27.Crossref, Google Scholar
- (2018) The great pyramids of America: A revised history of US business groups, corporate ownership and regulation, 1930–1950. Strategic Management J. 40(5):781–808.Google Scholar
- (1997) Why focused strategies may be wrong for emerging markets. Harvard Bus. Rev. 75(July-August):41–48.Google Scholar
- (2005) Business groups and risk sharing around the world. J. Bus. 78(1):301–340.Crossref, Google Scholar
- (2007) Business groups in emerging markets: Paragons or parasites? J. Econom. Literature 45(2):331–372.Crossref, Google Scholar
- (1999) Corporate ownership around the world. J. Finance 54(2):471–517.Crossref, Google Scholar
- (2015) PSMATCH2: Stata module to perform full mahalanobis and propensity score matching, common support graphing, and covariate imbalance testing. Accessed October 29, 2020, https://www.researchgate.net/publication/4794420_PSMATCH2_Stata_Module_to_Perform_Full_Mahalanobis_and_Propensity_Score_Matching_Common_Support_Graphing_and_Covariate_Imbalance_Testing.Google Scholar
- (2012) Principles of Macroeconomics, 6th ed. (Cengage Learning, Boston).Google Scholar
- (2013) Returns and risks to private equity. Working paper, University of Manchester, Manchester, UK.Google Scholar
- (2011) Family business groups around the world: financing advantages, control motivations and organizational choices. Rev. Financial Stud. 24(11):3556–3600.Crossref, Google Scholar
- (2012) An unstable Okun’s Law, not the best rule of thumb. Report, Federal Reserve Bank of Cleveland, Cleveland, OH.Google Scholar
- (2005) How to eliminate pyramidal business groups: The double taxation of intercorporate dividends and other incisive uses of tax policy. Tax Policy Econom. 19(1):135–179.Crossref, Google Scholar
- (1962) Potential GNP: Its measurement and significance. Proc. Bus. Econom. Statist. Sect. (American Statistical Association, Washington, DC).Google Scholar
- (2012) Advanced Macroeconomics, 4th ed. (McGraw-Hill, Columbus, OH).Google Scholar
- (2012) A reexamination of tunneling and business groups: New data and new methods. Rev. Financial Stud. 25(6):1763–1798.Crossref, Google Scholar
- (2015) The bright side of corporate diversification: Evidence from internal labor markets. Rev. Financial Stud. 28(8):2203–2249.Crossref, Google Scholar
- (1996) Assessing employee turnover costs: A revised approach. Human Resource Management Rev. 6(2):113–122.Crossref, Google Scholar
- (2006) Financial constraints risk. Rev. Financial Stud. 19(2):531–559.Crossref, Google Scholar
- (1981) The economics of organization: The transaction cost approach. Amer. J. Sociol. 87(3):548–577.Crossref, Google Scholar

