Corporate governance reform
The case of Korea
Bibliographic Data
| ID | 6233776 |
|---|---|
| Authors | Byung S Min (Griffith University, corresponding author) |
| Year | 2016 |
| Volume | 24 |
| Issue | 1 |
| Pages | 21-41 |
| Publication date | 2016-01-02 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Asian Journal of Political Science (JOURNAL) |
| Journal identifiers | ISSN: 0218-5377 • E-ISSN: 1750-7812 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/02185377.2015.1106956 |
| OpenAlex | W2298214373 |
| Language | EN |
| Citations received | 1 |
| References cited | 53 |
Due partly to the expectations of foreign investors, the reform of corporate governance following the 1997 financial crisis has largely been in line with the Anglo-American outsider model at the expense of Korea's traditional insider model. The increased role of the (equity) market vis-à-vis banks and shareholder activism, NGOs and foreign investors has helped to constrain ‘tunnelling’ by controlling shareholders. While the complicated ownership structures have yet to be resolved, the governance paradigm of chaebols has gradually changed from one dominated by family or controlling shareholders to a system in which the power of professional managers and monitoring of markets have increased substantially
Business · Chaebol · Corporate governance · Economics · Equity (law · Financial crisis · Financial system · Foreign direct investment · Foreign ownership · Insider · Market economy · Political science · Shareholder · Corporate Finance and Governance · Law · Accounting · Finance
Institutions and organizations
Boards
Organizational responses to environmental demands
Agency Problems and Residual Claims
Institutional Pressures and Strategic Responsiveness
Understanding Radical Organizational Change
Stock markets, banks, and growth
The iron cage revisited institutional isomorphism and collective rationality in organizational fields
Theory of the firm
Strategic Responses to Institutional Processes
Asia's Next Giant
Linking Organizational and Field-Level Analyses
Who Owns the Media
Corporate governance and political impediments to regional harmonization
Legal Reform in China
A Theory of Path Dependence in Corporate Ownership and Governance
Imperfections in the Capital Market
Law and Finance
The Nature of the Firm
The Iron Cage Revisited
| Citation velocity | historical |
|---|---|
| Highly cited | No |