The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.
The Value of Outside Directors: Evidence from Corporate Governance Reform in Korea
Abstract
This paper examines the valuation impacts of outside independent directors in Korea, where a regulation requiring outside directors was instituted after the Asian financial crisis. In contrast to studies of U.S. firms, the effects of independent directors on firm performance are strongly positive. Foreigners also have positive impacts. The effects of indigenous institutions such as chaebol or family control are insignificant or negative. This implies that the effect of outsiders depends on board composition as well as the nature of the market in which the firm operates.
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Cites
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A Survey of Corporate Governance
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The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems
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Regression Diagnostics: Identifying Influential Data and Sources of Collinearity
Belsley, D. A., Kuh, E., & Welsch, R. E. (1980) · Wiley Series in Probability and Statistics · doi:10.1002/0471725153 · Cited by 7,297
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. H. (1997) · Econometrica · doi:10.2307/2171753 · Cited by 7,081
Higher market valuation of companies with a small board of directors
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Regression Diagnostics -- Identifying Influential Data and Sources of Collinearity
Beaumont, C. D., Belsley, D. A., Kuh, E., & Welsch, R. E. (1981) · The Journal of the Operational Research Society · doi:10.2307/2581267 · Cited by 6,359
Instrumental Variables Regression with Weak Instruments
Staiger, D., & Stock, J. (1994) · doi:10.3386/t0151 · Cited by 5,302
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
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Metadata
- Authors
- Choi, J. J., Park, S. W., & Yoo, S. S.
- Venue
- Journal of Financial and Quantitative Analysis
- Publisher
- Cambridge University Press (CUP)
- Published
- 2007-12
- Volume
- 42
- Issue
- 4
- Pages
- 941-962
- ISSN
- 0022-1090 (ISSN-L)
- 1756-6916
- OpenAlex
- W3123841423
- Cited by
- 486
- References
- 46
- FWCI
- 63.36
- Type
- journal article
- Language
- en
- Open access
- closed
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- Choi, J. J., Park, S. W., & Yoo, S. S. (2007). The Value of Outside Directors: Evidence from Corporate Governance Reform in Korea. Journal of Financial and Quantitative Analysis. https://doi.org/10.1017/s0022109000003458
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
