This paper examines corporate carbon-offsetting, in which firms compensate for carbon emissions by financing carbon-reduction projects elsewhere. Analyzing offset purchase disclosures by Korean firms, we examine what drives companies to buy offsets and what effects offset consumption has had on...

We examine the effects of taxes on Corporate Social Responsibility (CSR). Employing a tax reform in Korea that imposed a new tax on cash retention, we find that treated firms improve CSR performance after the tax reform was enacted. This result is driven by improvement in environmental and...

This paper examines corporate carbon-offsetting, in which firms compensate for carbon emissions by financing carbon-reduction projects elsewhere. Analyzing offset purchase disclosures by Korean firms during the 2011-2019 period, we examine what drives companies to buy offsets and what effects...

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...

We find that investors responded positively to a mandated gender quota in Korea, which requires large public firms to include at least one female director on their boards. Investor responses were more positive for firms with high risk, weak corporate governance, and poor social performance,...

Korean Abstract: [연구목적] 본 연구는 이사회의 독립성과 성별 다양성, 이사회 구성원의 환경 전문성이 기업의 탄소배출 성과에 미치는 영향을 실증분석을 통해 검증하는 것을 목적으로 한다. [연구방법] 2011~2019년 기간 동안...

We investigate the effects of corporate governance on foreign ownership. To do so, we exploit a reform in Korea, which mandated that corporate boards governing large public firms must form audit committees and ensure that outside directors comprise 50% of their members, as an event that enhanced...

We examine the effects of environmental regulations on corporate environmental and financial performance, exploiting the first phase of the Korean Emissions Trading System (ETS) as an exogenous shock. We find that treated firms did not reduce their carbon emissions during the sample period, but...