Predicting firms' corporate governance choices: Evidence from Korea

Journal of Corporate Finance

Volumn 12, Issue 3, 2006, Pages 660-691

  Black, Bernard S ^a   Jang, Hasung ^b   Kim, Woochan ^c  

^a UNIVERSITY OF TEXAS AT AUSTIN   (United States)

^b Korea University   (South Korea)

^c Korea Development Institute   (South Korea)

Author keywords

Corporate governance; Corporate governance index; Korea; Law and finance

Indexed keywords

EID: 33645852244     PISSN: 09291199     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jcorpfin.2005.08.001     Document Type: Article

References (12)

1. Bhojraj S., and Sengupta P. Effect of corporate governance on bond ratings and yields: the role of institutional investors and outside directors. Journal of Business 76 (2003) 455-475
2. Black, B.S., Jang, H., Kim, W.C., in press. Does corporate governance affect firms' market values? Evidence from Korea. Journal of Law, Economics and Organization, forthcoming. Working paper available at .
3. Demirguc-Kunt A., and Maksimovic V. Law, finance, and firm growth. Journal of Finance 53 (1998) 2107-2137
4. Doidge, C., Karolyi, G.A., Stulz, R., 2004a. Why do countries matter so much for corporate governance? ECGI Finance Working Paper No. 50/2004. Available at .
5. Doidge C., Karolyi A., and Stulz R. Why are foreign firms that list in the U. S. worth more?. Journal of Financial Economics 71 (2004) 205-238
6. Durnev A., and Kim E.H. To steal or not to steal: firm attributes, legal environment, and valuation. Journal of Finance 60 (2005) 1461-1493
7. Gillan, S.L., Hartzell, J.C., Starks, L.T., 2004. Explaining corporate governance: boards, bylaws, and charter provisions. Weinberg Center for Corporate Governance Working Paper No. 2003-03. Available at .
8. Klapper L.F., and Love I. Corporate governance, investor protection and performance in emerging markets. Journal of Corporate Finance 10 (2004) 703-728
9. Klapper, L.F., Laeven, L., Love, I., 2003. What drives corporate governance reform? Firm-level evidence from Eastern Europe. World Bank Policy Research Working Paper No. 3600. Available at .
10. Lang M.H., and Lundholm R. Cross-sectional determinants of analysts ratings of corporate disclosures. Journal of Accounting Research 31 (1993) 246-271
11. Lang M.H., Lins K.V., and Miller D.P. ADRs, analysts and accuracy: does cross listing in the U.S. improve a firm's information environment and increase market value?. Journal of Accounting Research 41 (2003) 317-345
12. Rajan R.G., and Zingales L. Financial dependence and growth. American Economic Review 88 (1998) 559-586