We investigate the effects of incentive-alignment mechanisms on voluntary disclosure of carbon emissions in Korea, a latecomer in incorporating environmental practices into business operations. We consider in particular the effects of corporate governance and compensation mechanisms. We find...

In Korea, the number of holding companies has increased steadily every year due to government deregulation. Establishing holding companies is a means by which companies attempt to improve corporate governance, especially when opacity is a problem due to circular shareholdings. Recently, however,...

This study analyzes the effects of financial liberalization on the lending behavior of banks and non-bank financial institutions (NBFIs) before and after the 1997 Asian financial crisis, using panel regressions on Republic of Korea firm-level and industry-level data of the period 1991 - 2007. It...