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economy. Using intra-group equity transactions within the top 40 largest business groups in Korea, this study finds that high …
Persistent link: https://www.econbiz.de/10012841722
groups (Chaebol) in Korea in order to provide basic information for corporation policy and the ongoing business group debate …
Persistent link: https://www.econbiz.de/10012993835
- The allocative efficiency in Korea is on a rapid downturn. - Based on Statistics Korea's Survey of Business … allocative efficiency has been observed mostly among affiliates of large business groups that are designated by the Korea Fair … slowdown in Korea. - To improve overall economic growth, efforts must be made to offset the declining allocative efficiency …
Persistent link: https://www.econbiz.de/10012921107
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This paper examines how investors perceive business group membership in Korea during the COVID-19 pandemic. Stock price …
Persistent link: https://www.econbiz.de/10012705105
several governance reforms in Korea following the 1997 Asian financial crisis, casting doubt on the effectiveness of those …
Persistent link: https://www.econbiz.de/10013292717
conflicts. Non-loop group firms experienced a value increase (decline) if they had little (significant) agency issues that were …
Persistent link: https://www.econbiz.de/10013211470
The Korean government doubled the total assets threshold for its large business group (chaebol) designation policy in 2016. Exploiting this policy change, I examine the value implications of a firm’s chaebol affiliation. My results suggest that firms affiliated with business groups that had...
Persistent link: https://www.econbiz.de/10013213850
Using a unique, comprehensive data set from a survey on corporate governance practices among Korean listed firms, this paper shows that business group (chaebol) firms have overall stronger governance practices but weaker shareholder rights and lower dividend payout ratios than independent firms...
Persistent link: https://www.econbiz.de/10013077360