Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

By Bernard S. Black, Hasung Jang, Woochan Kim. 2006

1,094 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/b9e01101e4955b6dbb68a558f3184e3c8feee6ad

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Citations in the corpus

Ownership Structure and the Relationship Between Financial Slack and R&D Investments: Evidence from Korean Firms (2008, background): “Adopting governance practices that provide better protection of outside investors may also have the same effects (Black et al. 2006).”
Determinants of corporate financial performance relating to board characteristics of corporate governance in Indian manufacturing industry: An empirical study (2017, result): “According to the studies of Black et al. (2006), Drobetz et al. (2004), Ong et al. (2003) and Gedajlovic and Shapiro (2002), there was a positive significant relationship between corporate governance practices and firm performance in various countries; in contrast, based on the studies of Gugler et…”
Corporate Governance and Firm Value: International Evidence (2011, positive): “…the statistical significance of the valuation effect of corporate governance is virtually unaffected by both the construction of 20 Beiner et al. (2006) and Black et al. (2006) show that instrumental variables approaches may lead to an overes- timate of the valuation effect of corporate governance.”
Firm Innovation in Emerging Markets: The Role of Finance, Governance, and Competition (2011, background): “…also matters, as in the case of U.S. mutual funds, where funds managed 7The studies linking governance to firm performance include Black (2001), Black, Jang, and Kim (2006), Durnev and Kim (2005), Klapper and Love (2004), Gompers, Ishii, and Metrick (2003), Lang, Lins, and Miller (2003), and…”
More on the relationship between corporate governance and firm performance in the UK : evidence from the application of generalized method of moments estimation (2016, methodology): “We also apply a dummy coding scheme to evaluate the compliance of UK listed firms with the combined code (see for example, Black et al., 2006a; Gompers, et al., 2003; Henry, 2008).”
Research and Development, Cash Flow, Agency and Governance: UK large companies (2012, methodology): “Our index is a stripped down version of some others in the literature such as Black et al (2006) given that our sample of large firms displays less heterogeneity than in many studies so that all the firms in our sample have for example, a remuneration and an auditing committee.”
Corporate governance and firm efficiency: Evidence from China's publicly listed firms (2009, background): “Black et al. (2006) point out that firms may opt for good governance mechanisms to signal that insiders will be well-behaved.”