The purpose of this study is to empirically examine the determinants of leverage in Korea. The study is conducted using 2005-2015 sample period and data of 563 listed companies in the Korean securities market. It analyzes the relationship between leverage and profitability (return on equity),...

This is an exploratory study on the financing decision of corporate Korean market. It is aimed to know if the fruits of investment (returns) can influence subsequent periods leverage position. It equally investigated the relationship between market performance of stock (measure by market to book...

This paper followed a similar Amihud and Mendelson (1986) methodology to empirically examine the relationship between expected stock's return and the bid-ask spread in the Korean corporate market. We could noticed a significant and positive bid-ask spread. The result recognized information...

This study investigates the relationship between Price-Earnings ratio and return on stocks. The result is use to appraise the efficiency of the Korean stock market. Findings statistically oppose S. Basu (1977) results. He realized Price-Earnings ratio effect but this study found no statistical...

This paper investigates a cross-sectional risk-reward relationship (Sharpe-Lintner-Mossin paradigm), Fama and French (1992) size effect and conditional CAPM (Pettengill, 1995). It adopts Fama and Macbeth (1973) methodology and uses data of listed Korean stock (KOSPI). Without considering...