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Internal capital markets, corporate investment, and the COVID-19 pandemic: Evidence from Korean business groups()
This paper examines whether the investment of Korean business group (“chaebol”) affiliated firms behaved differently from that of non-chaebol firms in response to the COVID-19 outbreak. I show that chaebol firms cut back investment to a lesser degree than similar non-chaebol firms. Chaebol firms wit...
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
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Elsevier Inc.
2022
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| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8801770/ https://www.ncbi.nlm.nih.gov/pubmed/36536790 http://dx.doi.org/10.1016/j.irfa.2022.102053 |