This research sheds light upon the relationship between Korean firms' voluntary carbon disclosure tendency, as measured in Environmental Information Disclosure (EID), and their stock price crash. We pay attention to whether firms' affiliation to the chaebols, unique conglomerates in the nation,...

The 1997 financial crisis turns out to be a major turning point in the history of Korean chaebols. The post-crisis corporate reform has resulted in a dramatic change in the landscape of chaebols as about one half of the top 30 chaebols changed their names after the crisis. The reform was swift...