This study provides evidence on the determinants of the outcomes of bankruptcy petitions using Korean firms for the period from 1977 to 1994. We hypothesize that a firm with more free assets, less liquid assets, longer existing period, larger size, lower operating risk, and more goodwill would...

The relationship between the trading activities of the Korea Stock Price Index 200 derivatives contracts and their underlying stock market volatility is examined. A positive contemporaneous relationship between the stock market volatility and the derivatives volume is found while the...

The existence of good schools is expected to increase nearby housing prices. We use a natural experiment from two cities in Korea where the high school entrance system changed from self-selection to geographical assignment. Our empirical results show that the existence of good high schools did...

The authors apply the analysis of Hsieh and Klenow (2009) to assess the degree of resource misallocation in the Republic of Korea manufacturing sector from 1982 to 2007. They find improvement in the aggregate allocative efficiency during the first decade and a strong reversal after 1992. This...

Korean Abstract: 본 연구는 중소기업에 대한 지원과 대기업에 대한 규제로 대변되는 기업규모별 정책이 대상 기업의 활동과 산업생태계에 미치는 영향에 대해서, 중소기업 규모기준 변경 및 중소기업 적합업종 정책을 활용하여...

Korean Abstract: ■ AI는 예측력이 뛰어나 공공부문의 다양한 영역에서 강력한 혁신을 가능하게 할 것으로 예상되나, 현재 우리나라에서는 정책목표에 부합하는 대상 선별 및 사후관리에 이를 적극적으로 활용하지 못하고 있음.-...