Introduced in 2010, the regulation obliging one-year duration for credit card rewards programs may have provided card companies with a cost-saving justification for terminating rewards program prematurely. In addition, the recently announced revision to the Regulation on Supervision of...

Introduced in 2010, the regulation obliging one-year duration for credit card rewards programs may have provided card companies with a cost-saving justification for terminating rewards program prematurely. In addition, the recently announced revision to the Regulation on Supervision of...

"Treasury stocks play a vital role in retaining, protecting and transferring management rights in large enterprises. However, the sale of treasury stocks is essentially identical to the issuance of new shares in economic nature. Therefore, using treasury stocks to protect management rights could...

Platform mergers differ significantly from traditional mergers. In platform mergers, foreclosure issues, which are crucial in traditional vertical mergers, carry less significance but may still arise indirectly. Platforms, moreover, can favor their own businesses potentially disadvantaging...

The substantial influence of CEOs diminishes the oversight function of the board of directors. Many outside directors have social ties with CEOs and their behavioral patterns are inconsistent with those of vigilant monitors. Dissents are rare, and those who do dissent are highly likely to be...

An analysis of Korean firm data reveals that there is a higher tendency for CEOs in cartel firms to maintain their posts when the overall industrial performance, and not the individuals' relative performance, is high. This implies that an incentive for collusion, instead of competition, is...

Korean Abstract: 본 연구에서는 기업이 가격 책정 및 정보 공개에 있어서 소비자의 행동 편향을 이용하는 관행 중에서 소비자에게 가장 해로울 수 있다고 여겨지는 순차공개 가격 책정에 대해서 분석하고자 한다. 우선 순차공개...

Korean Abstract: 일반적으로 공개 기업의 소유지배구조라고 할 때, 대규모의 소유권자가 다른 소규모의 소유권자가 있는 기업을 지배하게 될 경우 기업의 수익을 사적으로 편취하는 등의 문제가 발생할 것으로 생각한다. 그리고...

Korean Abstract: 상품시장에서의 경쟁전략은 경영진에 의해 결정된다. 따라서 시장경쟁 상황은 경영진의 의사결정 과정을 규율하는 기업지배구조로부터 자유로울 수 없다. 본 연구는 담합기업의 지배구조에 주목하여...