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Executive compensation, firm performance, and chaebols in Korea : evidence from new panel data

Kato, Takao (contributor); Kim, U-chʾan (contributor); … - 2005

This paper provides the first rigorous econometric estimates on the pay-performance relations for executives of Korean … information not only on executive compensation and firm performance but also on Chaebol affiliation) for 246 firms that were … cash compensation of Korean executives is statistically significantly related to stock market performance and that the …

Persistent link: https://www.econbiz.de/10003225965

When heirs become major shareholders : evidence on tunneling and succession through related-party transactions

Kim, U-chʾan; Hwang, Sunwoo - 2014

In family firms, the succession of controlling equity stake to next generation is an issue of paramount importance. This, however, can be a major challenge in the presence of heavy inheritance or gift tax burden (high tax rate and absence of tax-saving vehicles, such as trusts or foundations)...

Persistent link: https://www.econbiz.de/10010355189

The effect of board structure on firm value : a multiple identification strategies approach using Korean data

Black, Bernard S. (contributor); Kim, U-chʾan (contributor) - 2011

Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an exogenous shock to assess how board structure affects firm market value. The law mandates 50% outside directors and an audit committee for large public...

Persistent link: https://www.econbiz.de/10011485662