A5030236221- Corporate Finance and Governance
- Auditing, Earnings Management, Governance
- Financial Markets and Investment Strategies
- Private Equity and Venture Capital
- Firm Innovation and Growth
- State Capitalism and Financial Governance
- Family Business Performance and Succession
- Corporate Taxation and Avoidance
- Risk Management in Financial Firms
- Neurotransmitter Receptor Influence on Behavior
- Financial Literacy, Pension, Retirement Analysis
- Working Capital and Financial Performance
- Corporate Social Responsibility Reporting
- Global Financial Crisis and Policies
- Fiscal Policies and Political Economy
- Corporate Governance and Law
- Economic Growth and Development
- Neuroscience and Neuropharmacology Research
- Financial Reporting and Valuation Research
- Treatment of Major Depression
- Advanced MRI Techniques and Applications
- Banking stability, regulation, efficiency
- International Arbitration and Investment Law
- Monetary Policy and Economic Impact
- Genetics and Physical Performance
Sungkyunkwan University
2020-2024
Jeonbuk National University
2024
National Institutes of Health
2024
National Institute on Alcohol Abuse and Alcoholism
2024
Korea University
2014-2023
European Corporate Governance Institute
2014-2023
Nippon Medical School
2012-2020
Korea Advanced Institute of Science and Technology
2010-2013
Nippon Medical School Hospital
2011
Ross School
2009
Journal Article Does Corporate Governance Predict Firms' Market Values? Evidence from Korea Get access Bernard S. Black, Black University of Texas, Law School and McCombs Business *Hayden W. Head Regents Chair for Faculty Excellence Professor Law, Texas Finance, Business, Austin, 78705. Tel: (+1) 512-471-4632, Email: bblack@stanford.edu. Search other works by this author on: Oxford Academic Google Scholar Hasung Jang, Jang Woochan Kim KDI Public Policy Management The Economics, Organization,...
Abstract Manuscript Type Conceptual and empirical. Research Question/Issue Many studies of firm‐level corporate governance rely on aggregate “indices” to measure underlying, unobserved governance. But we are not confident that know how build these indices. Often unsure both as what is “good” governance, one can proxy for this vague concept using observable measures. We conduct an exploratory analysis researchers address the “construct validity” indices, which poses a major challenge all...
In the last months of 1997, value Korean currency lost over half its against dollar, and ruling party was swept from power in presidential elections. One fundamental causes this national economic crisis widespread failure companies to earn their cost capital, which contributed massive shareholder losses calls for corporate governance reform. Among worst performers, hence main targets reform, were family‐controlled business groups known as chaebol. Besides pursuing growth size at expense...
Modafinil, a wake-promoting drug used to treat narcolepsy, is dopamine transporter inhibitor and said have very low abuse liability; this, however, still up for debate. We conducted (DAT) occupancy study with modafinil (200 or 300 mg) in ten healthy volunteers using positron emission tomography (PET) [18F]FE-PE2I, new PET radioligand high affinity selectivity the transporter, characterize its relation liability. Mean striatal DAT occupancies were 51.4% at 200 mg 56.9% mg. There was...
Well-constructed, country-specific “corporate governance indices†can predict higher firm values in emerging markets. However, there is little credible research on which aspects of drive that overall relationship. We study question across four major markets (Brazil, India, Korea, and Turkey). build indices, comprised indices for disclosure, board structure, ownership shareholder rights, procedure, control related party transactions. Disclosure (especially financial disclosure) predicts...
Prior work in emerging markets provides evidence that better corporate governance predicts higher market value, but very little on the specific channels through which increases value. We provide evidence, from a natural experiment Korea, reduced tunneling can be an important channel. Korean legal reform 1999 improved board independence of “large” firms (assets > 2 trillion won) relative to smaller firms. This shock allows us assess effects using regression discontinuity design. In event...
Aim Dysfunction of dopaminergic neurons in the central nervous system is considered to be related major depressive disorder (MDD). Especially, MDD geriatric patients characterized by anhedonia, which assumed associated with reduced dopamine neurotransmission reward system. Dopamine transporter (DAT) reflect function nerve However, previous DAT imaging studies using single photon emission computed tomography or positron (PET) have shown inconsistent results. The radioligand [ 18 F]FE‐PE2I for...
The paper attempts to shed light on how group-affiliated firms make their decision initial public offerings. In particular, we highlight the importance of group-level factors. From our ex ante analysis, using a sample chaebol affiliated in Korea, find that are more likely go (i) if group-controlling shareholder holds high direct share ownership company; (ii) firm's contribution group control is low; or (iii) less benefit from internal capital market. post IPO do heavy investments year and after.
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