Advances in the corporate finance literature: a survey of recent studies on Korea
Purpose: The purpose of this paper is to provide a survey of recent studies on Korean firms’ financial policies and their interactions with financial markets, and suggest directions for future research. Design/methodology/approach: The authors review the finance research on Korean firms and markets, focusing on the articles published in the last 20 years. Findings: This survey of the recent Korean finance literature covers the research on the capital structure and the distinct financing behaviors of chaebol-affiliated firms and independent firms; the factors affecting the costs of capital and firms’ preferences for capital budgeting methods; raising capital through public and private equity issuance; corporate governance and the market for corporate control; payout policies; and bank-firm relationship. The authors suggest a number of future research directions that may lead to significant contributions to the literature. Originality/value: This paper provides the first comprehensive review of the post-crisis corporate finance literature in Korea.
Year of publication: |
2018
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Authors: | Lee, Hongbok ; Park, Kwangwoo |
Published in: |
Managerial Finance. - Emerald, ISSN 0307-4358, ZDB-ID 2047612-7. - Vol. 44.2018, 1 (08.01.), p. 5-25
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Publisher: |
Emerald |
Saved in:
Online Resource
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