Post‐crisis restructuring of the corporate governance of Korean companies

Jung, Jinyoung

doi:10.1108/14720701311302387

Cited by 5 publications

(6 citation statements)

References 13 publications

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“…It is a matter of fact that, at least over the past 30 years, the empirical research on corporate crises has been receiving an ever growing interest among the scholars and practitioners of management worldwide and Corporate Governance has recently hosted an increasing number of key articles related to this topic (Haspeslagh, 2010;Ross and Crossan, 2012;Jung, 2013). The prevention and management of crises play a pivotal role, especially currently, because of the dramatic consequences recently inherited from the global financial crisis.…”

Section: Introductionmentioning

confidence: 99%

Board effectiveness in corporate crises: lessons from the evolving empirical research

Abatecola

Farina

Gordini

2014

Corporate Governance

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Over the years, the empirical evidences have demonstrated that particular board features can improve the survival chances of firms suffering a crisis and, to date, experts agree that discussing these evidences is necessary for the further improvement of knowledge in this field. This critical review article aims to contribute to this goal by commenting on how the empirical research on board effectiveness in crisis contexts has been evolving over time. Valuable evidences emerge from the review. For example, it seems that board independence has a key role in enhancing the performance of firms suffering a crisis. At the same time, the review suggests that further refinement is needed for supporting (or eventually refuting) the idea that boards and/or CEOs must be replaced to achieve successful turnaround strategies. \ud On the basis of its findings, the review also prospects a number of conceptual and methodological implications for the future research and practice about board effectiveness in corporate crises. For example, these implications are associated with future investigations about the executives’ socio-demographic features and personality traits as well. More international comparisons seem also needed to improve the reliability of the extant knowledge

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Section: Introductionmentioning

confidence: 99%

Board effectiveness in corporate crises: lessons from the evolving empirical research

Abatecola

Farina

Gordini

2014

Corporate Governance

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“…Corporate Governance is a set of system for overseeing and monitoring the agent to perform based on shareholder's interest (Jung, 2013). In general, there are two system in Corporate Governance that are Anglo-Saxon and Continental European system.…”

Section: Theoretical Aspect and Hypothesis Developmentmentioning

confidence: 99%

“…Ownership concentration has benefit to effective monitor the agent in order to reduce the agency problem (Demsetz and Lehn, 1985). However, Ownership concentration also has big power in the decision making and it makes poor the implementation of Corporate Governance practices (Jung, 2013). Indonesia has modified the Corporate Governance system that controlling shareholders have power to choice and dismiss both boards.…”

Section: Theoretical Aspect and Hypothesis Developmentmentioning

confidence: 99%

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Corporate Governance and Bank Performance: Global Financial Crisis 2008

Zaitul¹,

Melmusi²,

Ilona³

2019

J. Rev. Global Econ.

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There are two mechanisms on Corporate Governance that are internal and external mechanisms. The external mechanism is external auditor, the rule and regulation, and managerial labor market. Furthermore, the internal mechanism consists of Board of Commissioners, Board of Directors, structure of ownership, compensation of Board and financial structure (Denis, 2001 and Daily et al., 2003). The internal Corporate Governance will become great factor to reduce the agency problem when the country follow the French Civil law; worse protection for shareholder and less effective of external mechanism of Corporate Governance (La Porta et al., 1998 and Nuryanah and Islam, 2011). According to Jensen and Meckling, (1976), better implementation of Corporate Governance will reduce agency problem and finally enhance shareholders' desires. Using 5.829 Korean companies, Joh (2003) only focus on the effect of Corporate Governance on company performance before the financial crisis in 1997. While, Srivastava (2015) uses 164 non-financial listed companies of the Bombay Stock Exchange-200 index to examine the effect of Governance structure on company performance during global financial crisis in 2008. Aldamen and Duncan (2016) investigate the role of Corporate Governance on company performance when global financial crisis occur in 2008. Almutairi (2013), and Husnin and Nawawi, (2016) only focus on 2.1. Ownership Structure Ownership structure consists of ownership concentration, institutional, government, foreign and

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“…Tal tendência é reforçada, pois os mecanismos internos, como Conselhos de Direção, auditores e Reuniões de Acionistas, são controlados pelos proprietários e executivos. Assim, a GC passou a ser mais presente como fator de competitividade empresarial na Coreia; investidores passaram a preferir empresas com estruturas mais transparentes (JUNG, 2013).…”

Section: A Prática Da Gc Em Diversos Paísesunclassified

Visão Geral sobre Governança Corporativa e Análises de Situações Empresariais Críticas à luz de seus Eixos Centrais

Minadeo¹

2019

ROC

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O artigo trata de vários temas ligados à Governança Corporativa (GC). Seções curtas trazem a relação entre GC e Fusões e Aquisições, além da prática da GC em uma organização sem fins lucrativos. A Metodologia utilizada é o estudo de casos múltiplos, e somente foram adotados artigos acadêmicos e livros como fontes. Nesses Estudos de Casos não se observaram alguns ou todos os princípios de GC. Foram pesquisadas situações atuais de setores diversos da economia e de diversos países, o que torna o texto atual e interessante. Tais Estudos de Casos foram objeto de análises – no tocante às inobservâncias dos princípios da GC. Nas Conclusões se fazem comparações entre as diversas situações apresentadas. Estudos futuros podem abordar situações problemáticas de GC mediante outras formas, por exemplo, com o uso de fontes primárias.

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Post‐crisis restructuring of the corporate governance of Korean companies

Cited by 5 publications

References 13 publications

Board effectiveness in corporate crises: lessons from the evolving empirical research

Board effectiveness in corporate crises: lessons from the evolving empirical research

Corporate Governance and Bank Performance: Global Financial Crisis 2008

Visão Geral sobre Governança Corporativa e Análises de Situações Empresariais Críticas à luz de seus Eixos Centrais

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