Purpose: The authors present the results of a survey on how Korean firms evaluate new projects and estimate their capital costs. The authors report how Korean firms’ capital budgeting practices compare to other developed countries and to best practices in the field of finance....

Covers -- Editorial advisory board -- Guest editorial -- Advances in the corporate finance literature: a survey of recent studies on Korea -- Publisher note -- The cost of debt and the characteristics of audit firms -- The more connected, the better? Impact of connectedness on volatility and...

We examine the capital structure policies of Korean firms using survey data for business group <i>(chaebol)</i> firms and independent firms. Our results are compared with findings in earlier studies for developed economies: Graham and Harvey (2001) for the United States and Brounen et al. (2004, 2006)...

Purpose: The purpose of this paper is to provide a survey of recent studies on Korean firms’ financial policies and their interactions with financial markets, and suggest directions for future research. Design/methodology/approach: The authors review the finance research on Korean firms and...

We examine the capital structure policies of Korean firms using survey data for business group (chaebol) firms and independent firms. Our results are compared with the findings in the earlier studies for developed economies: Graham and Harvey (2001) for the U.S. and Brounen, De Jong, and Koedijk...