Corporate governance, product-market competition, and stock returns: evidence from the Korean market
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Ryu, Doowon | - |
dc.contributor.author | Ryu, Doojin | - |
dc.contributor.author | Hwang, Joon Ho | - |
dc.date.accessioned | 2021-09-03T10:15:05Z | - |
dc.date.available | 2021-09-03T10:15:05Z | - |
dc.date.created | 2021-06-16 | - |
dc.date.issued | 2017-02 | - |
dc.identifier.issn | 1472-4782 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/84725 | - |
dc.description.abstract | This study examines the relationship among market competition, corporate governance, and stock returns in Korea, a representative emerging market. We find that the relation between product-market competition and a firm's stock return is insignificant, but that better corporate governance is associated with a lower adjusted stock return when market competition intensifies in more competitive industries; This relationship is not evident in less competitive industries. Thus, the effects of corporate governance on stock returns depend on market-competition levels. We offer important empirical evidence by showing that the effects of corporate governance and product-market competition on firms' stock returns can vary by country and market environment. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | PALGRAVE MACMILLAN LTD | - |
dc.subject | FIRM | - |
dc.subject | PERFORMANCE | - |
dc.subject | COSTS | - |
dc.subject | RISK | - |
dc.title | Corporate governance, product-market competition, and stock returns: evidence from the Korean market | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Ryu, Doowon | - |
dc.contributor.affiliatedAuthor | Hwang, Joon Ho | - |
dc.identifier.doi | 10.1057/s41291-017-0014-6 | - |
dc.identifier.scopusid | 2-s2.0-85015011459 | - |
dc.identifier.wosid | 000400726900003 | - |
dc.identifier.bibliographicCitation | ASIAN BUSINESS & MANAGEMENT, v.16, no.1-2, pp.50 - 91 | - |
dc.relation.isPartOf | ASIAN BUSINESS & MANAGEMENT | - |
dc.citation.title | ASIAN BUSINESS & MANAGEMENT | - |
dc.citation.volume | 16 | - |
dc.citation.number | 1-2 | - |
dc.citation.startPage | 50 | - |
dc.citation.endPage | 91 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Business | - |
dc.relation.journalWebOfScienceCategory | Management | - |
dc.subject.keywordPlus | FIRM | - |
dc.subject.keywordPlus | PERFORMANCE | - |
dc.subject.keywordPlus | COSTS | - |
dc.subject.keywordPlus | RISK | - |
dc.subject.keywordAuthor | Market competition | - |
dc.subject.keywordAuthor | Corporate governance | - |
dc.subject.keywordAuthor | Stock returns | - |
dc.subject.keywordAuthor | Chaebol | - |
dc.subject.keywordAuthor | Korean market | - |
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