A Survey of Research on the Corporate Governance of Korean FirmsA Survey of Research on the Corporate Governance of Korean Firms
- Other Titles
- A Survey of Research on the Corporate Governance of Korean Firms
- Authors
- 김우찬; 김우진; 박경서
- Issue Date
- 1월-2022
- Publisher
- 한국재무학회
- Keywords
- Business groups; Control structure; Corporate governance; Family firms; Korea; Ownership structure; Related-party transactions
- Citation
- 재무연구, v.35, no.1, pp.151 - 213
- Indexed
- KCI
- Journal Title
- 재무연구
- Volume
- 35
- Number
- 1
- Start Page
- 151
- End Page
- 213
- URI
- https://scholar.korea.ac.kr/handle/2021.sw.korea/138973
- DOI
- 10.37197/ARFR.2022.35.1.5
- ISSN
- 1229-0351
- Abstract
- This article reviews research conducted from 2011-2020 on the corporate governance of Korean firms. The purpose is to promote academic interest in Korean corporate governance research especially among non-Korean scholars and to provide guidance to young Korean scholars who are working in this area. We begin with the institutional features that are unique to Korea. We explain how they allowed researchers to develop interesting hypotheses that cannot be studied elsewhere, to establish causality that is not possible in other country settings, or to obtain data that are not available elsewhere. Then, we review the studies that examine the control (ownership) and governance structures of Korean firms. We pay attention to their determinants and their consequences. Lastly, we raise methodological concerns in existing studies and also discuss research topics for future research.
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Collections - Korea University Business School > Department of Business Administration > 1. Journal Articles
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