SEMINAR SERIES
Management Seminar
Sea-Jin Chang（Lim Kim San Chair Professor of Business Administration, National University of Singapore）
- Date&Time:
- 2023.11.28 (Tue) 13:15-14:45
- Venue:
- Lecture Room 3 on 3F, Research Bldg. No.2, Yoshida Campus, Kyoto University * The venue has been changed
- Language:
- English
- Contact:
- Asli M. COLPAN
(Title)
"Inter-divisional transfer versus external recruitment of executives in multidivisional firms:"
Abstract:
Research on transaction cost theory to date suggests that the multidivisional form can efficiently organize diverse lines of business. This structural solution,known as the M-form, is not necessarily free from glitches, as it often underestimates the costs of managing inter-divisional resource sharing. In this study, weexplore how the transfer of executive managers across business divisions can serve as a key complementary mechanism to reduce the transaction costsassociated with corporate-wide resource coordination and control. We find that availability of intangible and tangible financial resources and given exchangerelationships among business divisions prompt inter-divisional executive transfer, based on our data of Korean business groups. We further find intensifiedcompetition and stronger capital market control diminish the value of such inter-divisional executive transfer and instead promote external recruitments ofexecutives.
Registration:
Please sign up using the Google Form link below by no later than Monday, November 27, 17:00.
https://forms.gle/cL9G8jV51NrwZ4x5A
Contact: sakata.mito.75u[at]st.kyoto-u.ac.jp (please replace [at] with @)