Corporate governance and firm value: evidence from the Korean financial crisis

By Jae-Seung Baek, Jun-Koo Kang, K. Park. 2004

847 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/ce56780d5801a7000b6d0e3d39bb178337419090

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Citations in the corpus

Corporate governance and firm value during the global financial crisis: Evidence from China (2012, background): “This result, which stands in sharp contrast to previous findings (Baek et al., 2004; Kang and Stultz, 2000; Nogata et al., 2011), suggests that statecontrolled banking systems effectively mitigate firms' financial constraints during financial crisis periods.”
Intragroup Propping: Evidence from the Stock-Price Effects of Earnings Announcements by Korean Business Groups (2008, positive): “In comparison, Baek, Kang, and Park (2004) show that for firms belonging to top thirty chaebols, a 10% increase in the ratio of financial securities invested in affiliated firms is associated with a 2.06% decrease in the CARs from five days before November 18, 1997 to thirty-two days after November…”
The Effect of Accounting Conservatism on Corporate Investment during the Global Financial Crisis: THE EFFECT OF ACCOUNTING CONSERVATISM (2016, positive): “…the same logic, several papers exploit the exogenous nature of financial crises and examine the effect of certain corporate governance characteristics on firm performance during the Asian financial crisis of 1997-1998 (e.g., Johnson et al. 2000; Mitton 2002; Lemmon and Lins 2003; Baek et al. 2004).”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, background): “…that use non-legal shocks, three rely on sudden death (Faccio and Parsley, 2009; Nguyen and Nielsen, 2010; Salas, 2010); two use financial crises (Baek et al., 2004; Lemmon and Lins, 2003), one uses the outcome of a close presidential election (Goldman et al., 2009), one uses class-action…”
Differential impact of Korean banking system reforms on bank productivity (2010, background): “They received preferential treatment, including access to business licenses, protection from foreign investors and imports, and cheap financing from largely government-controlled banks (Baek et al., 2004).”