کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
975775 933049 2007 24 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Family ownership and performance in Korean conglomerates
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Family ownership and performance in Korean conglomerates
چکیده انگلیسی

We review the ownership structure of 15 Korean chaebols (conglomerates) using data from published combined financial statements to determine whether, as commonly believed, controlling family ownership in private firms is higher compared with public firms within the same chaebol. We then examine whether firms with high family ownership and lower outside investor participation shift wealth from firms with lower family ownership, which would support the assumption that private firms outperform public firms. Our results do not support either assumption. First, we show that the simple average of family ownership is lower for the private firms than the public firms within the same chaebol. Second, we find no relation between controlling family ownership and the performance of a firm.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Pacific-Basin Finance Journal - Volume 15, Issue 4, September 2007, Pages 329–352
نویسندگان
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