Song, Kyojik “Roy”; Mantecon, Tomas; Altintig, Z. Ayca - In: Journal of Banking & Finance 36 (2012) 2, pp. 584-596
Some Korean business groups, or chaebols, have a large stake in securities firms that issue analysts’ reports on their member companies. This structure is unique in that industrial companies and securities firms are affiliated and operate within the same group. We investigate the informational...