Golf Lobby and Anti-Grafting Law: Evidence from South Korea

Cho Joonmo and Jeong Yeasung ()
Additional contact information
Cho Joonmo: College of Economics, Sungkyunkwan University, Jongno-gu, Seoul, South Korea
Jeong Yeasung: Harbert College of Business, Auburn University, Auburn, AL, 36849-5412, USA

Asian Journal of Law and Economics, 2023, vol. 14, issue 2, 119-133

Abstract: In 2016, the Improper Solicitation and Graft Act entered into force in South Korea, which prohibits any improper activities that can be regarded as lobbying. The Golf industry was expected to have a direct effect from the Act since the sport of golf in Korea has been regarded as highly political. Therefore, this study focuses on the impact of the Act on the demands of golf. Our empirical analysis shows that the Act led to a decrease in the number of visitors and membership prices of private golf courses. The results indicate that those who had regarded golf as a political activity may now have little incentive to be involved in lobbying held on private golf courses.

Keywords: golf industry; anti-grafting law; corporate lobbying (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/ajle-2022-0093 (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:ajlecn:v:14:y:2023:i:2:p:119-133:n:4

Ordering information: This journal article can be ordered from
https://www.degruyter.com/journal/key/ajle/html

DOI: 10.1515/ajle-2022-0093

Access Statistics for this article

Asian Journal of Law and Economics is currently edited by Noriyuki Yanagawa

More articles in Asian Journal of Law and Economics from De Gruyter
Bibliographic data for series maintained by Peter Golla ().