The Marginal Value of Cash and Agency Conflicts in Korean Firms

Prior literature expects a lower marginal cash value for weaker governance firms. We test this empirical hypothesis by using the sample of publicly traded Korean firms from 2005 to 2013. To measure the quality of governance structures, we employ the corporate governance scores provided by Korean Cor...

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Veröffentlicht in:	The Journal of Asian finance, economics, and business economics, and business, 2016-11, Vol.3 (4), p.5-16
Hauptverfasser:	김상수(Sang-Su Kim), 이정환(Jeong Hwan Lee)
Format:	Artikel
Sprache:	kor
Online-Zugang:	Volltext
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