Gul, Ferdinand A; Kealey, Burch T - In: Review of Quantitative Finance and Accounting 13 (1999) 4, pp. 401-16
This paper examines explanations for the association between Korean Chaebol, which are giant conglomerates supported by various government initiatives, and corporate debt and dividend policies. Unlike in the US, the Korean corporate sector is dominated by the Chaebol which are characterized by...