Abstract
We investigate whether Korean chaebol owner’s personal features affect corporate investment or not, for they have a unique governance system controlled by one powerful owner. With this governance, the impact of personal characteristics on major corporate decisions can be tested more clearly. We used the aggregate financial statement to measure chaebol’s financial performances in a more reasonable way as well. Our study shows a few noticeable results. Aggregate financial performances of chaebols are different from those of individual companies. Owner’s personal features affect corporate decision makings in Korean chaebols. Especially, chaebols under succession process invest less than others, preferring more conservative approaches for succession.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
