In Search of Philippine Chaebols

Historically, large-scale capital-intensive industries have played a key role in many developing countries' industrialization. Some countries created state-owned enterprises (SOEs) with heavy government intervention and support to complete production chains to meet demand and export markets. So...

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Main Authors: Mendoza, Ronald U, Arbo, Ma. Diyina Gem, Cruz, Jerome Patrick D
Format: text
Published: Archīum Ateneo 2019
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Online Access:https://archium.ateneo.edu/asog-pubs/84
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3392242
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Institution: Ateneo De Manila University
id ph-ateneo-arc.asog-pubs-1083
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spelling ph-ateneo-arc.asog-pubs-10832022-04-04T07:02:03Z In Search of Philippine Chaebols Mendoza, Ronald U Arbo, Ma. Diyina Gem Cruz, Jerome Patrick D Historically, large-scale capital-intensive industries have played a key role in many developing countries' industrialization. Some countries created state-owned enterprises (SOEs) with heavy government intervention and support to complete production chains to meet demand and export markets. South Korea, for one, has been known for the success of the chaebol, a large family-controlled and diversified private company that received strong government industrial policy support. Similar to South Korean chaebols, the Philippines have conglomerates, large, family-owned corporations comprised of smaller subsidiaries with a considerable footprint on the national economy. This paper fills a gap in the policy literature through the review of historical developments in selected Philippine industries and where key players tend to dominate. Furthermore, this paper shows evidence that some Philippine conglomerates displayed expansion behavior similar to East Asian economies like South Korea. The study also uncovers behavioral trends of these firms' diversification into non-traded service industries that were less conducive to rapid industrial development. Finally, it concludes with a brief discussion on how Philippine conglomerates contribute to the country's inclusive development agenda. 2019-06-01T07:00:00Z text https://archium.ateneo.edu/asog-pubs/84 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3392242 Ateneo School of Government Faculty Publications Archīum Ateneo inclusive development inclusive growth Philippine conglomerates economic footpint chaebol industrial policy diversification history Economic Policy Public Affairs, Public Policy and Public Administration
institution Ateneo De Manila University
building Ateneo De Manila University Library
continent Asia
country Philippines
Philippines
content_provider Ateneo De Manila University Library
collection archium.Ateneo Institutional Repository
topic inclusive development
inclusive growth
Philippine conglomerates
economic footpint
chaebol
industrial policy
diversification history
Economic Policy
Public Affairs, Public Policy and Public Administration
spellingShingle inclusive development
inclusive growth
Philippine conglomerates
economic footpint
chaebol
industrial policy
diversification history
Economic Policy
Public Affairs, Public Policy and Public Administration
Mendoza, Ronald U
Arbo, Ma. Diyina Gem
Cruz, Jerome Patrick D
In Search of Philippine Chaebols
description Historically, large-scale capital-intensive industries have played a key role in many developing countries' industrialization. Some countries created state-owned enterprises (SOEs) with heavy government intervention and support to complete production chains to meet demand and export markets. South Korea, for one, has been known for the success of the chaebol, a large family-controlled and diversified private company that received strong government industrial policy support. Similar to South Korean chaebols, the Philippines have conglomerates, large, family-owned corporations comprised of smaller subsidiaries with a considerable footprint on the national economy. This paper fills a gap in the policy literature through the review of historical developments in selected Philippine industries and where key players tend to dominate. Furthermore, this paper shows evidence that some Philippine conglomerates displayed expansion behavior similar to East Asian economies like South Korea. The study also uncovers behavioral trends of these firms' diversification into non-traded service industries that were less conducive to rapid industrial development. Finally, it concludes with a brief discussion on how Philippine conglomerates contribute to the country's inclusive development agenda.
format text
author Mendoza, Ronald U
Arbo, Ma. Diyina Gem
Cruz, Jerome Patrick D
author_facet Mendoza, Ronald U
Arbo, Ma. Diyina Gem
Cruz, Jerome Patrick D
author_sort Mendoza, Ronald U
title In Search of Philippine Chaebols
title_short In Search of Philippine Chaebols
title_full In Search of Philippine Chaebols
title_fullStr In Search of Philippine Chaebols
title_full_unstemmed In Search of Philippine Chaebols
title_sort in search of philippine chaebols
publisher Archīum Ateneo
publishDate 2019
url https://archium.ateneo.edu/asog-pubs/84
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3392242
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