This condition generally holds in the context of
Chaebols given that their asset sizes are gigantic relative to
the family’swealth. Third, and in a similar vein, it is also probable
that the family prefers inter-affiliate loans to the group equity
investments. To the extent that this reasoning holds true,
our theorized link between the group equity investments and
the separation becomes weaker.However, this is less likely the
case in Chaebols, given that the government imposes stringent
regulations on the inter-affiliate loans of Chaebols