Understanding the rise and decline of shareholder activism in South Korea: the explanatory advantages of the theory of Modes of Exchange

Dalton, B; Rama, MD

Understanding the rise and decline of shareholder activism in South Korea: the explanatory advantages of the theory of Modes of Exchange

Dalton, B

Rama, MD

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Publication Type:: Journal Article
Citation:: Asia Pacific Business Review, 2016, 22 (3), pp. 468 - 486
Issue Date:: 2016-07-02

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Field	Value	Language
dc.contributor.author	Dalton, B https://orcid.org/0000-0002-9507-1447	en_US
dc.contributor.author	Rama, MD https://orcid.org/0000-0001-7879-4750	en_US
dc.date.available	2020-05-25T19:08:02Z
dc.date.issued	2016-07-02	en_US
dc.identifier.citation	Asia Pacific Business Review, 2016, 22 (3), pp. 468 - 486	en_US
dc.identifier.issn	1360-2381	en_US
dc.identifier.uri	http://hdl.handle.net/10453/66688
dc.description.abstract	© 2016 Informa UK Limited, trading as Taylor & Francis Group. Abstract: The extent to which Korea has become a full-fledged neoliberal state has been subject to debate. We argue that the recent rise and fall of shareholder activism in Korea is related to the coexistence of neoliberal and developmental state characteristics. Uncertainty as to ‘the rules of the game’ during this uneven transition has provided the chaebol with an opportunity to defuse the radical potential of shareholder activism. Through an analysis of media reports, this article argues there is a relationship between the rise of fall shareholder activism in Korea and a retreat from neoliberalism. It then discusses advantages of the theory of Modes of Exchange to make sense of these developments.	en_US
dc.relation.ispartof	Asia Pacific Business Review	en_US
dc.relation.isbasedon	10.1080/13602381.2015.1129768	en_US
dc.subject.classification	Business & Management	en_US
dc.title	Understanding the rise and decline of shareholder activism in South Korea: the explanatory advantages of the theory of Modes of Exchange	en_US
dc.type	Journal Article
utslib.citation.volume	3	en_US
utslib.citation.volume	22	en_US
utslib.for	1503 Business and Management	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/e-Press
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Management Discipline
utslib.copyright.status	open_access
pubs.issue	3	en_US
pubs.publication-status	Published	en_US
pubs.volume	22	en_US

Abstract:

© 2016 Informa UK Limited, trading as Taylor & Francis Group. Abstract: The extent to which Korea has become a full-fledged neoliberal state has been subject to debate. We argue that the recent rise and fall of shareholder activism in Korea is related to the coexistence of neoliberal and developmental state characteristics. Uncertainty as to ‘the rules of the game’ during this uneven transition has provided the chaebol with an opportunity to defuse the radical potential of shareholder activism. Through an analysis of media reports, this article argues there is a relationship between the rise of fall shareholder activism in Korea and a retreat from neoliberalism. It then discusses advantages of the theory of Modes of Exchange to make sense of these developments.

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http://hdl.handle.net/10453/66688