Download or read book Competition and Corporate Governance in Korea written by Sung-Hee Jwa and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This informative book will appeal to academics and researchers of industrial organization, economics and corporate reform as well as those involved in Asian studies."--BOOK JACKET.
Download or read book Markets and Corporate Governance in Korea written by Chung-Ho Kim and published by 자유기업원. This book was released on 2001 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance in Korea at the Millennium written by Barry Metzger and published by . This book was released on 2015 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: The core of this article is our May 2000 Report to the Ministry of Justice of the Republic of Korea. The Report reviews South Korea's corporate governance system and recommends legal reforms to improve Korean corporate governance and protect against a repeat of Korea's governance-related financial crisis of 1997-1998. The Report's principal recommendations include enhancing the role of public company boards of directors, strengthening independent director and non-interested shareholder review of related party transactions, and requiring cumulative voting and preemptive rights for public companies. The Introduction by Bernard Black that precedes the Report discusses the ongoing transition in Korean corporate governance, and the political and economic forces behind that transition.Note: This paper is identical to the article as published in the Journal of Corporation Law. The published article is available, without the Stanford Law and Economics cover page, at lt;a href=http://papers.ssrn.com/abstract=279064gt; http://papers.ssrn.com/abstract=279064lt;/agt.
Download or read book Economic Crisis and Corporate Restructuring in Korea written by Stephan Haggard and published by Cambridge University Press. This book was released on 2003-02-26 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Asian business conglomerates have clearly been successful agents of growth, mobilizing capital, borrowing technology from abroad and spearheading Asia's exports. However, these firms have long had a number of organisational and financial weaknesses, including heavy reliance on debt, that make them vulnerable to shocks. Nowhere was this more true than in Korea, where the large corporate groups known as chaebol have dominated the economic landscape. This collection of essays by leading political scientists and economists provides a comprehensive look at the chaebol problem in the wake of the Asian financial crisis. The authors consider the historical evolution of the chaebol and their contribution to the onset of economic turmoil in 1997. The book analyses the government's short-run response to corporate and financial distress, and outlines an agenda for longer-term reform of the financial system, corporate governance and the politics of business-government relations.
Download or read book Corporate Governance in Korea at the Millennium written by and published by . This book was released on 2001 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Evolution of Large Corporations in Korea written by Sung-Hee Jwa and published by Edward Elgar Publishing. This book was released on 2002-10-29 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Author Jwa provides a new economic perspective on the evolution of large corporations in Korea.
Download or read book The Interaction Between Competition Law and Corporate Governance written by Florence Thépot and published by Cambridge University Press. This book was released on 2019-02-14 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: Florence Thépot provides the first systematic account of the interaction between competition law and corporate governance. She challenges the 'black box' conception of the firm- or 'undertaking' - in competition law, as applied to increasingly complex corporate relations. The book opens the 'black box' of the firm to understand the internal drivers of collusive behaviour, and proposes a unified approach to cartel enforcement, based on the agency theory. It explores key issues including corporate compliance programmes, the attribution of liability in corporate groups, and structural links between competitors, and should be read by anyone interested in how the evolution of the corporate landscape impacts competition law.
Download or read book Financial Crisis and Transformation of Korean Business Groups written by Sea-Jin Chang and published by Cambridge University Press. This book was released on 2003-04-28 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sea-Jin Chang argues that the Korean financial crisis of 1997 was due to the inertia of both the business groups known as chaebols and the Korean government which prevented adaptation to changing external environments. Once the Korean government stopped central economic planning and pursued economic liberalization in the 1980s, the transition created a void under which neither the government nor markets could monitor chaebols' investment activities. The intricate web of cross-shareholding, debt guarantees, and vertical integration resulted in extensive cross-subsidization and kept chaebols from shedding unprofitable businesses. The government's continued interventions in banks' lending practices created 'moral hazards' for both chaebols and banks. This treatment demonstrates how the structure of chaebols later inhibited other adaptations and for all practical purposes became nearly dysfunctional. The book argues that restructuring of chaebols should focus on improving corporate governance systems. After such restructuring, the author predicts, chaebols will re-emerge as stronger, more focused global players.
Download or read book Corporate Governance Improving Competitiveness and Access to Capital in Global Markets A Report to the OECD by the Business Sector Advisory Group on Corporate Governance written by OECD and published by OECD Publishing. This book was released on 1998-03-27 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this report to the OECD, the Business Sector Advisory Group on Corporate Governance presents the perspectives that it believes should guide public policies related to corporate governance, suggests areas for private sector voluntary action and recommends further actions for the OECD.
Download or read book Reforming Public and Corporate Governance written by Pyŏng-man An and published by Edward Elgar Publishing. This book was released on 2002 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 13 studies were developed during a three-year research project conducted collaboratively by Hankuk University of Foreign Studies in Seoul, the University of Canberra, and the University of Exeter, and have been presented in various versions at a number of conferences. Focusing on the interaction between public administration and corporate governance, scholars of politics, business, and law analyze and evaluate the rapid changes taking place in the political economy of the three countries, the principles underlying reform in them at different stages of reform, and how the course of the reforms has been influenced by the experience of international models. Annotation copyrighted by Book News, Inc., Portland, OR
Download or read book Korea s Choices in Emerging Global Competition and Cooperation written by Lee-Jay Cho and published by 한국개발연구원. This book was released on 1998 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance and Innovation Under Demand Uncertainty written by Vladimir Hlasny and published by . This book was released on 2018 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing literature has identified the effects of competition and firms' ownership and management structure on firms' decisions to invest in innovation. We extend this literature by examining the role of market-demand uncertainty on the relationship between firm ownership, management structure and management turnover, on the one hand, and firms' innovation on the other hand. We evaluate the effects of product-market competition, concentration of firms' ownership, presence of foreigners on owner-appointed corporate boards of directors, management independence, and management turnover rates on firms' patent applications under varying degrees of uncertainty. The validity of alternative hypotheses about management motivation - lazy manager, career concerns, prospect theory, and special East-Asian institutional constraints hypotheses - is evaluated, controlling for firms' prior investment in innovation and firm characteristics. Unique data for 711 Korean firms and nine years, 2003-2011, are used (4,339 records). We find support for the lazy-manager hypothesis by identifying substitutability between market-competitive pressures and owner-manager separation in driving managers' effort to pursue innovation. Demand uncertainty raises managers' incentives to innovate, by increasing the potential stake from innovation and increasing the risk of default if firms fail to innovate. There is little evidence that Korean managers pursue innovation to ease their career concerns or to meet an expected performance yardstick, or that they follow a special East-Asian pattern. Management turnover has little effect on innovation, and firms' existing performance increases it. Foreign management and the share of the largest firm owner (proxying for conglomerate or family ownership) have little effect on firms' innovation.
Download or read book Government Policies and Corporate Strategies Under Structural Changes and Dynamism written by and published by . This book was released on 2008 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Enforcement Direction of Competition Law written by Dong-won Suh and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Monopoly Regulation and Fair Trade Act (hereinafter MRFTA: Korea's competition law), which was enacted in 1980, has been introduced and enforced to achieve more mature market economy. In order to normalize distorted market functions arising from the government-led economic growth, the activities such as abusive behavior of market dominance, cartel, anti-competitive M&A and unfair trade practices were prohibited under the law. However, since the mid 1980s, due to rising problems of excessive concentration of economic power and influence from large business conglomerates, or Chaebols, the Korea Fair Trade Commission (hereinafter KFTC: Korean government agency for enforcement of the competition law) has amended the MRFTA for many times, imposing restrictions on shareholdings and transaction practices, such as prohibition of cross shareholdings and debt-guarantee between affiliates, restriction of total amount of shareholdings in other domestic companies, and prohibition of undue intra-group transactions. In addition, the KFTC enacted the Fair Subcontract Transactions Act for small- and medium-sized enterprises (SMEs) not to face undue disadvantages in subcontract transactions, which can often arise from asymmetric negotiation powers between SMEs and large companies. Such regulations against large companies are causing a lot of criticisms these days as every aspect of the Korean economy has become more and more exposed to international competition with acceleration of globalization. Therefore, by getting various ideas from a wide range of opinion groups since early 2003, the government established the 3-year market reform roadmap which aims at facilitating market functions through regulatory reform as well as reinforcement of cartel regulation and prohibition of unfair trade practices. In addition, for large business conglomerates, the roadmap is designed to enhance transparency in business management and improve corporate governance, while streamlining previous regulations on them. By evaluating the performance of the improvement of corporate governance, the government will review whether to abolish or ease the regulations against large companies after 3 years of implementation of the roadmap. This direction was reflected on the amended MRFTA in late 2004.
Download or read book International Business in Korea written by O. Yul Kwon and published by Edward Elgar Publishing. This book was released on 2008 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study assesses that the South Korean market and business practices will maintain some sui generis characteristics because of the country's idiosyncratic culture and singular form of institutional development in the recent past. The book contains comprehensive analysis of macro-level topics (such as business opportunities, cultural influence, country risk and market configuration) and micro-level topics (including business negotiation, business ethics, management of international joint ventures and the management system).
Download or read book Corporate Governance in Asia written by Sang-Woo Nam and published by . This book was released on 2004 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Chaebol and Industrial Policy in Korea written by Wonhyuk LIM and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the degree of sectoral targeting changed dramatically from the 1960s to the 1970s and then from the 1980s onward, Korea maintained an outward-oriented, bottom-up, and integrated approach to industrial policy, relying on close public-private consultation and international benchmarking. The government and the chaebol systematically studied what had to be done to fill the missing links in the domestic value chain and move up the quality ladder, through technology acquisition, human resource development, and construction of optimal-scale plants aimed for the global market. As the capacity of the private sector increased and sectoral targeting became a more difficult proposition, Korea shifted to a more sector-neutral approach, which provided support for industry rationalization and R&D regardless of sectors. This was in line with a larger shift from industrial policy to competition and corporate governance policy, starting with the enactment of the Monopoly Regulation and Fair Trade Act in 1980.
