Corporate governance and firm profitability: evidence from Korea before the economic crisis

By S. Joh. 2003

922 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/e7599d6e54a5450e2739c7ab6ad8868ff761d877

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Citations in the corpus

The Structure and Formation of Business Groups: Evidence from Korean Chaebols (2011, background): “Joh (2003) finds that the separation between ownership and control is negatively related to profitability in Korea.12 Instead of focusing on measures of cash flow and voting rights, other papers examine variables that indicate whether a firm has some indirect (e.g., pyramidal) ownership.”
Business Groups in Emerging Markets: Paragons or Parasites? (2007, background): “2 The term ’tunneling’ has become popular following Johnson et al. (2000) who trace its origins to the expropriation of minority shareholders in the Czech Republic.”
Family ownership and R&D investment: The role of growth opportunities and business group membership (2015, background): “In many emerging economies, such as in Korea, controlling owners exercise almost full control over all of the affiliated firms through extensive ownership and other ties among the affiliates (Joh, 2003; Kim, Hoskisson, Tihanyi, & Hong, 2004).”
A Theory of Pyramidal Ownership and Family Business Groups (2005, background): “There is also evidence that the separation of ownership and control is detrimental to performance (Claessens et al 2002, Lemmon and Lins 2003, Lins 2003, Mitton 2002, and Joh 2003).28 Finally, Attig, Fischer and Gadhoum (2003) show that low Tobin s Q predicts membership in a pyramidal group.”
Corporate Boards and Company Performance: review of research in light of recent reforms (2007, neutral): “and Johnson, R. (1990) An Investigation of”
The Impact of Corporate Governance on Firm Performance: Empirical Study in Vietnam (2014, background): “Joh (2003) considered that firm performance is subject to financial leverage and size.”
Business group affiliation, ownership structure, and the cost of debt (2013, methodology): “…definition of business groups, while group definitions vary substantially across countries (Claessens et al., 2006; Khanna, 2000).1 Second, as firms in the same country face the same institutional environment, a single-country analysis can mitigate endogeneity problems (Joh, 2003, p. 289).”
Dominant shareholders, corporate boards, and corporate value: A cross-country analysis (2008, neutral): “…through ARTICLE IN PRESS J. Dahya et al. / Journal of Financial Economics 87 (2008) 73–10090 RPTs (Bae, Kang, and Kim, 2002; Bertrand, Mehta, and Mullainathan, BMM, 2002; Cheung, Jing, Rau, and Stouraitis, 2007; FJM, 2003; Joh, 2003; Johnson, La Porta, Lopez-de-Silanes, and Shleifer, 2000).”