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This paper examines how the distribution of target ownership is related with takeover premium in owner-manager dominant acquisitions, in which a firm is managed by managers and directors nominated and directed closely by controlling shareholders. We find that there exists the agency problem...
Persistent link: https://www.econbiz.de/10011484755
With the removal of statute-based anti-takeover provisions during the aftermath of Asian crisis, a significant number of Korean firms started to introduce charter-based measures. In this paper, we make use of this unique situation where firm-level anti-takeover provisions (ATP) vary over time...
Persistent link: https://www.econbiz.de/10011485749
Aging is a global phenomenon for many countries and Korea is not an exception. After becoming an aging society in 2000 …, Korea turned an aged country in 2017 by having 14.3% of its population with older than 65 years old. It is expected to … become a super-aged society by 2025 (Statistics Korea 2018). No other country in the world has aged this fast. Unlike other …
Persistent link: https://www.econbiz.de/10012181419
of new plants in South Korea. We first confirm that the minimum wage introduction induced new plants to have higher …
Persistent link: https://www.econbiz.de/10012181433
Even after almost fifty years since the publication of “Korea: The Politics of the Vortex,” the image of the vortex … part because of it, in fact, Korea has transformed itself from an aid recipient into the ranks of a donor country by the … late 1990s. With its downward trend in long-term potential growth rate since then, however, Korea suffers from growing …
Persistent link: https://www.econbiz.de/10012181468
examines the structure in which inclusiveness and sustainability affect each other in Korea's major social insurance schemes …
Persistent link: https://www.econbiz.de/10012181494
in South Korea, and it proposes directions for reform in the governance context of South Korea …
Persistent link: https://www.econbiz.de/10012181500
in South Korea. Drawing on semi-structured interview, video, newspapers and internal document data, we find that while …
Persistent link: https://www.econbiz.de/10012181509
residential mortgage lending in Korea. In particular, a discrete tenure choice model is established, based on which effects of …) ratio are estimated. Using the household-level micro data from Korea, we report that: the lending restrictions exhibit …
Persistent link: https://www.econbiz.de/10012181514
Persistent link: https://www.econbiz.de/10012181707