Economics at your fingertips  

Advances in the corporate finance literature: a survey of recent studies on Korea

Hongbok Lee and Kwangwoo Park

Managerial Finance, 2018, vol. 44, issue 1, 5-25

Abstract: Purpose - The purpose of this paper is to provide a survey of recent studies on Korean firms’ financial policies and their interactions with financial markets, and suggest directions for future research. Design/methodology/approach - The authors review the finance research on Korean firms and markets, focusing on the articles published in the last 20 years. Findings - This survey of the recent Korean finance literature covers the research on the capital structure and the distinct financing behaviors of chaebol-affiliated firms and independent firms; the factors affecting the costs of capital and firms’ preferences for capital budgeting methods; raising capital through public and private equity issuance; corporate governance and the market for corporate control; payout policies; and bank-firm relationship. The authors suggest a number of future research directions that may lead to significant contributions to the literature. Originality/value - This paper provides the first comprehensive review of the post-crisis corporate finance literature in Korea.

Keywords: Survey; Capital Structure; Capital budgeting; Equity issuance; Corporate governance; Payout policies; G21; G31; G32; G34; G35 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... RePEc&WT.mc_id=RePEc (text/html)
Access to full text is restricted to subscribers

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:

Ordering information: This journal article can be ordered from
Emerald Group Publishing, Howard House, Wagon Lane, Bingley, BD16 1WA, UK
http://emeraldgroupp ... s/journals.htm?id=mf

Access Statistics for this article

Managerial Finance is currently edited by Professor Don T Johnson

More articles in Managerial Finance from Emerald Group Publishing
Bibliographic data for series maintained by Virginia Chapman ().

Page updated 2020-03-28
Handle: RePEc:eme:mfipps:mf-10-2017-0390