Ownership What Determines the Ownership Structure of Business Conglomerates? On the Cash Flow Rights of Korea's Chaebol Read more Woochan Kim 01 September 2004 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Bankruptcy When Should Bankruptcy Law Be Creditor- or Debtor-Friendly? Theory and Evidence We examine how creditor protection affects firms with different levels of owners’ and managers’ personal costs of bankruptcy. Theoretically, we... Read more David SchoenherrJan Starmans 24 September 2016 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
How Useful are Commercial Corporate Governance Ratings in Emerging Markets? A central issue in evaluating the effects of corporate governance (CG) is how to measure it. Some researchers measure firm-level CG using... Read more Bernard BlackWoochan Kim 19 January 2022 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Management The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an... Read more Bernard BlackWoochan Kim 01 June 2007 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Banking The Rise of a Network: Spillover of Political Patronage and Cronyism to the Private Sector The misallocation of government resources to the politically connected is considered to impose substantial economic costs. We... Read more Terry S. MoonDavid Schoenherr 10 May 2021 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Litigation Shareholder Suits and Outside Director Liability: The Case of Korea Reforms to Korean corporate and securities law carried out in the wake of the 1997-1998 East Asian financial crisis included a mandate that boards... Read more Bernard BlackBrian CheffinsMichael Klausner 01 June 2005 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Regulation Bribes and Corporate Performance: Evidence from a Quasi-Natural Experiment We examine how bribes may affect corporate performance using a quasi-natural experiment. Specifically, we exploit the 2016 enactment of the Improper... Read more Woojin KimJieun Im 11 September 2020 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Value Does Corporate Governance Predict Firms' Market Values? Evidence from Korea We report strong OLS and instrumental variable evidence that an overall corporate governance index is an important and likely causal factor in... Read more Bernard BlackHasung JangWoochan Kim 01 May 2005 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Emerging Markets Methods for Multicountry Studies of Corporate Governance (and Evidence from the BRIKT Countries) We discuss empirical challenges in multicountry studies of the effects of firm-level corporate governance on firm value, focusing on emerging... Read more Bernard BlackVikramaditya KhannaWoochan Kim 01 March 2014 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Korea A Survey of Research on the Corporate Governance of Korean Firms This article reviews research conducted from 2011-2020 on the corporate governance of Korean firms. The purpose is to promote academic... Read more Woochan KimWoojin Kim 14 December 2021 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Value Why Does Corporate Governance Affect Firm Value: Evidence on a Self-Dealing Channel from a Natural Experiment in Korea Prior work in emerging markets provides evidence that better corporate governance predicts higher market value, but very little on the specific... Read more Bernard BlackWoochan KimHasung Jang 01 November 2005 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author
Regulation Regulatory Measures to Dismantle Pyramidal Business Groups: Evidence from the United States, Japan, Korea and Israel Large business enterprises, from the railroad barons of nineteenth century America to Amazon and Google today, are often perceived as important for... Read more Assaf HamdaniYishay Yafeh 16 September 2020 Go To Working Paper Read Share Pocket Facebook Twitter LinkedIn Email Copy URL Download More of this topic More of this author