Woochan Kim

Korea University Business School

Professor of Finance

LG-POSCO Bldg #324

Anam-Dong, Seongbuk-Ku

Seoul, Seoul 136701

http://biz.korea.ac.kr/professor/wckim

European Corporate Governance Institute (ECGI)

Research Associate

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

Asian Institute of Corporate Governance (AICG)

Research Fellow

1, 5-ga, Anam-dong

Sungbuk-gu

Seoul, 136-701

Korea, Republic of (South Korea)

  • Korea University Business School

    • Email
    • Tel: +822-3290-2816
    • Fax: +822-922-7220

  • European Corporate Governance Institute (ECGI)

  • Asian Institute of Corporate Governance (AICG)

SCHOLARLY PAPERS

51

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238

CROSSREF CITATIONS

477

Scholarly Papers (51)

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1.

Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

Downloads 12,672 ( 528)
Citation 183

Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

post-publication version, published in Journal of Law, Economics, and Organization, Vol. 22, No. 2, Fall 2006, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 86/2005, KDI School of Pub Policy & Management Paper No. 02-04, McCombs Research Paper Series No. 02-05, Stanford Law and Economics Olin Working Paper No. 237, U of Texas law, Law and Econ Research Paper No. 26
Number of pages: 72 Posted: 20 Jan 2005 Last Revised: 20 Nov 2018
Bernard S. Black, Hasung Jang and Woochan Kim
Northwestern University - Pritzker School of Law, Korea University - Department of Finance and Korea University Business School
Downloads 12,411 (535)
Citation 65

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Korea, corporate governance, corporate governance index, law and finance, firm valuation, board of directors, emerging markets

Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

nearly final pre-publication version, published in Journal of Law, Economics & Organization 22, 366-413 (2006)
Number of pages: 73 Posted: 29 Jun 2012 Last Revised: 11 Jul 2012
Bernard S. Black, Hasung Jang and Woochan Kim
Northwestern University - Pritzker School of Law, Korea University - Department of Finance and Korea University Business School
Downloads 261 (176,469)
Citation 3

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Korea, corporate governance, corporate governance index, law and finance, firm valuation, board of directors, emerging markets

Does Corporate Governance Predict Firms' Market Values? Evidence from Korea

The Journal of Law, Economics, and Organization, Vol. 22, Issue 2, pp. 366-413, 2006
Posted: 29 Feb 2008
Woochan Kim, Bernard S. Black and Hasung Jang
Korea University Business School, Northwestern University - Pritzker School of Law and Korea University - Department of Finance

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2.

Why Does Corporate Governance Affect Firm Value: Evidence on a Self-Dealing Channel from a Natural Experiment in Korea

Downloads 4,125 ( 3,735)
Citation 34

Why Does Corporate Governance Affect Firm Value: Evidence on a Self-Dealing Channel from a Natural Experiment in Korea

Journal of Banking and Finance, Vol. 51, 2015, pp. 131-150, EFA 2009 Bergen Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 103/2005, U of Texas Law, Law and Econ Research Paper No. 51, McCombs Research Paper No. 01-05, KDI School of Pub Policy & Management Paper No. 08/19
Number of pages: 63 Posted: 09 Nov 2005 Last Revised: 30 Nov 2018
Bernard S. Black, Woochan Kim, Hasung Jang and Kyung Suh Park
Northwestern University - Pritzker School of Law, Korea University Business School, Korea University - Department of Finance and Korea University - Department of Finance
Downloads 2,849 (6,849)
Citation 26

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Korea, corporate governance, corporate governance index, law and finance, firm valuation, board of directors, emerging markets

How Corporate Governance Affects Firm Value: Evidence on Channels from Korea

ECGI - Finance Working Paper No. 103/2005, KDI School of Pub Policy & Management Paper No. 08-19, Northwestern Law & Econ Research Paper No. 09-23, U of Texas Law, Law and Econ Research Paper No. 51, McCombs Research Paper Series No. 01-05
Number of pages: 53 Posted: 20 Mar 2009 Last Revised: 24 Jan 2012
Bernard S. Black, Woochan Kim, Hasung Jang and Kyung Suh Park
Northwestern University - Pritzker School of Law, Korea University Business School, Korea University - Department of Finance and Korea University - Department of Finance
Downloads 1,276 (23,956)
Citation 17

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Korea, corporate governance, corporate governance index, law and finance, firm valuation, emerging markets

3.

Predicting Firms' Corporate Governance Choices: Evidence from Korea

Journal of Corporate Finance, Vol. 12, pp. 660-691, 2006, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 87/2005, KDI School of Pub Policy & Management Paper No. 04-16, McCombs Working Paper No. FIN-03-05, Stanford Law and Economics Olin Working Paper No. 269, U of Texas law, Law and Econ Research Paper No. 39
Number of pages: 54 Posted: 14 Nov 2005 Last Revised: 21 Nov 2018
Bernard S. Black, Hasung Jang and Woochan Kim
Northwestern University - Pritzker School of Law, Korea University - Department of Finance and Korea University Business School
Downloads 1,954 (12,694)
Citation 35

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Korea, corporate governance, corporate governance index, law and finance

4.

The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data

Journal of Financial Economics (JFE), 2011, U of Texas Law, Law and Econ Research Paper No. 89, McCombs Research Paper No. FIN-02-07, ECGI - Finance Working Paper No. 179/2007, KDI School of Pub Policy & Management Paper No. 07-02, EFA 2007 Ljubljana Meetings Paper
Number of pages: 61 Posted: 05 Mar 2007 Last Revised: 22 Jan 2019
Bernard S. Black and Woochan Kim
Northwestern University - Pritzker School of Law and Korea University Business School
Downloads 1,764 (14,928)
Citation 13

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Korea, outside directors, audit committees, corporate governance, board of directors, emerging markets

5.

Corporate Governance Indices and Construct Validity

Downloads 1,671 (16,223)
Citation 7

Corporate Governance Indices and Construct Validity

Corporate Governance: An International Review, 2017 Forthcoming, U of Michigan Law & Econ Research Paper, Northwestern Law & Econ Research Paper No. 13-05, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 483/2016
Number of pages: 41 Posted: 14 Sep 2016 Last Revised: 21 Nov 2017
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 1,662 (16,083)
Citation 4

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Corporate governance indices, construct validity, Brazil, Korea, India, Russia, Turkey, boards of directors, disclosure, shareholder rights, ownership structure

Corporate Governance Indices and Construct Validity

Corporate Governance: An International Review, Vol. 25, Issue 6, pp. 397-410, 2017
Number of pages: 14 Posted: 21 Nov 2017
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 9 (901,755)
Citation 3

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Corporate Governance indices, construct validity, boards of directors, disclosure, shareholder rights, ownership structure

6.

Corporate Governance in Korea: A Decade after the Financial Crisis

U of Texas Law, Law and Econ Research Paper No. 123
Number of pages: 34 Posted: 16 Jan 2008 Last Revised: 10 Nov 2008
E. Han Kim and Woochan Kim
University of Michigan, Stephen M. Ross School of Business and Korea University Business School
Downloads 1,164 (27,866)
Citation 4

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corporate governance, chaebol, Korea financial crisis

7.

Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets

Northwestern Law & Econ Research Paper No. 14-22, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 566/2018, U of Michigan Law & Econ Research Paper, Journal of Law, Finance, and Accounting (Forthcoming)
Number of pages: 50 Posted: 02 May 2015 Last Revised: 29 Nov 2019
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 1,000 (34,681)
Citation 3

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Brazil, Korea, India, Turkey, corporate governance, boards of directors, disclosure, shareholder rights

8.

What Determines the Ownership Structure of Business Conglomerates?: On the Cash Flow Rights of Korea's Chaebol

Number of pages: 58 Posted: 23 Sep 2004
Woochan Kim, Youngjae Lim and Taeyoon Sung
Korea University Business School, Korea Development Institute (KDI) and Yonsei University, School of Economics
Downloads 974 (35,959)
Citation 4

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ownership structure, business conglomerate, voting rights, cash flow rights, disparity, chaebols

9.

Methods for Multicountry Studies of Corporate Governance (and Evidence from the BRIKT Countries)

nearly final version, published in Journal of Econometrics, Vol. 183, pages 230-240, 2014, 26th Australasian Finance and Banking Conference 2013, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 414/2014 , Northwestern Law & Econ Research Paper No. 13-05, U of Michigan Law & Econ Research Paper No. 13-005
Number of pages: 33 Posted: 23 Mar 2013 Last Revised: 06 Dec 2018
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 897 (40,382)
Citation 3

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Brazil, Korea, India, Russia, Turkey, corporate governance, boards of directors, disclosure, shareholder rights

10.

The Effect of Board Structure on Firm Disclosure and Behavior: A Case Study of Korea and a Comparison of Research Designs

Journal of Empirical Legal Studies, vol. 18, forthcoming 2021, Northwestern Law & Econ Research Paper 12-13
Number of pages: 52 Posted: 15 Sep 2012 Last Revised: 13 Dec 2020
Bernard S. Black, Woochan Kim and Julia Nasev
Northwestern University - Pritzker School of Law, Korea University Business School and Ludwig-Maximilians-University Munich
Downloads 761 (50,432)
Citation 1

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corporate governance, board structure, financial reporting quality, investment, sales growth, earnings management, accrual quality, audit committees, Korea, causal inference, panel data, difference-in-difference, instrumental variables, regression discontinuity.

11.

Executive Compensation, Firm Performance and Chaebols in Korea: Evidence from New Panel Data

KDI School of Pub Policy & Management Paper No. 04-01, IZA Discussion Paper No. 1783
Number of pages: 34 Posted: 25 Oct 2005
Woochan Kim, Takao Kato and Ju-Ho Lee
Korea University Business School, Colgate University - Economics Department and KDI School of Public Policy and Management
Downloads 532 (79,920)
Citation 1

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executive compensation, corporate governance, Korea, and Chaebol

12.

Executive Compensation and Firm Performance in Korea

Number of pages: 29 Posted: 12 Jan 2004
Woochan Kim, Takao Kato and Ju-Ho Lee
Korea University Business School, Colgate University - Economics Department and KDI School of Public Policy and Management
Downloads 486 (89,348)

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executive compensation, corporate governance, and Korea

13.

Do Foreign Investors Perform Better than Locals? - Information Asymmetry, Investor Sophistication, and Market Liquidity

Number of pages: 25 Posted: 31 Dec 2003
Woochan Kim
Korea University Business School
Downloads 454 (96,839)
Citation 4

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information asymmetry, investor sophistication, and market liquidity

14.

When Heirs Become Major Shareholders: Evidence on Tunneling and Succession Through Related-Party Transactions

ECGI - Finance Working Paper No. 413/2014, KDI School of Pub Policy & Management Paper No. 14-01
Number of pages: 52 Posted: 22 Mar 2014 Last Revised: 22 Aug 2017
Sunwoo Hwang and Woochan Kim
Korea University Business School and Korea University Business School
Downloads 438 (100,988)

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family firm, business group, chaebol, succession, related-party transactions, control-enhancement

15.

Corporate Governance of Newly Privatized Firms: The Remaining Issues in Korea

Number of pages: 42 Posted: 06 Apr 2004
Woochan Kim and Il-Chong Nam
Korea University Business School and KDI School of Public Policy and Management
Downloads 419 (106,407)
Citation 4

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privatization, ownership structure, corporate governance, institutional investors

16.

On the Governance of State-Owned Economic Groups in Vietnam

Number of pages: 42 Posted: 22 Dec 2010 Last Revised: 01 Apr 2011
Woochan Kim, Il-Chong Nam and Tran Tien Cuong
Korea University Business School, KDI School of Public Policy and Management and Central Institute for Economic Management (CIEM)
Downloads 417 (107,011)
Citation 3

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SOE, ownership structure, governance, investor protection, Vietnam

17.

What Makes Firms Manage FX Risk?: Evidence from an Emerging Market

Number of pages: 35 Posted: 25 Jan 2005
Woochan Kim and Taeyoon Sung
Korea University Business School and Yonsei University, School of Economics
Downloads 405 (110,669)
Citation 2

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Foreign exchange risk, hedging, foreign exchange market, emerging market, Korea

18.

What Makes Group-Affiliated Firms Go Public?

KDI School of Public Policy & Management Paper No. 05-10, KAIST Graduate School of Management Working Paper Series No. 2005-002
Number of pages: 40 Posted: 14 Apr 2005
Woochan Kim and Taeyoon Sung
Korea University Business School and Yonsei University, School of Economics
Downloads 376 (120,396)
Citation 38

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Initial public offering (IPO), group control, internal capital market, business conglomerate, chaebols

19.

Korea's State-Business Partnership and the Growth of Chaebols

Number of pages: 19 Posted: 28 Dec 2011
Woochan Kim
Korea University Business School
Downloads 335 (136,866)
Citation 1

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economic history, economic development, trade policy, industrial policy, state-business relationship, Chaebol, private-sector development, Korea

20.

Revisiting Executive Pay in Family-Controlled Firms

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 441/2014
Number of pages: 53 Posted: 26 Sep 2014 Last Revised: 04 Oct 2014
Juyoung Cheong and Woochan Kim
Korea Advanced Institute of Science and Technology (KAIST) - Management Engineering and Korea University Business School
Downloads 326 (140,867)
Citation 1

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executive compensation, family firms, business groups, chaebols, dividend

21.

Value of Shareholder Activism: Evidence from the Switchers

U of Texas Law, Law and Econ Research Paper No. 128, EFA 2008 Athens Meetings Paper, KDI School of Pub Policy and Management Research Paper No. 08-09
Number of pages: 41 Posted: 03 Mar 2008 Last Revised: 02 Oct 2008
Woochan Kim, Woojin Kim and Kap-Sok Kwon
Korea University Business School, Seoul National University - Business School and Korean Times
Downloads 326 (140,867)
Citation 1

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Shareholder activism, Investment purpose, 5% rule, Korea

22.

Korea Investment Corporation: Its Origin and Evolution

Downloads 311 (147,988)
Citation 1

Korea Investment Corporation: Its Origin and Evolution

Number of pages: 55 Posted: 08 Aug 2011
Woochan Kim
Korea University Business School
Downloads 208 (220,078)
Citation 1

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sovereign wealth fund, FX reserve, currency crisis, FX swap, Korea

Korea Investment Corporation: Its Origin and Evolution

KDI School of Pub Policy & Management Paper No. 6
Number of pages: 44 Posted: 08 Aug 2011 Last Revised: 23 Sep 2011
Woochan Kim
Korea University Business School
Downloads 103 (388,596)
Citation 2

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sovereign weath fund, FX reserves, currency crisis, FX cwap, Korea

23.

The Diffusion of Corporate Governance to Emerging Markets: Evaluating Two Dimensions of Investor Heterogeneity

ECGI – Finance Working Paper No. 421/2014
Number of pages: 54 Posted: 21 May 2014
Woochan Kim, Taeyoon Sung and Shang-Jin Wei
Korea University Business School, Yonsei University, School of Economics and Columbia University - Columbia Business School, Finance
Downloads 282 (163,875)

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foreign block investors, activist investors, corporate governance, emerging markets

24.

Offshore Investment Funds: Monsters in Emerging Markets?

Downloads 69 (175,946)
Citation 21

Offshore Investment Funds: Monsters in Emerging Markets?

NBER Working Paper No. w7133
Number of pages: 30 Posted: 09 Mar 2000 Last Revised: 30 Dec 2022
Woochan Kim and Shang-Jin Wei
Korea University Business School and Columbia University - Columbia Business School, Finance
Downloads 69 (497,402)

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Offshore Investment Funds: Monsters in Emerging Markets?

Journal of Development Economics, Vol. 68, pp. 205-224
Posted: 12 Sep 2003
Woochan Kim and Shang-Jin Wei
Korea University Business School and Columbia University - Columbia Business School, Finance

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25.

Does Capital Account Liberalization Discipline Budget Deficit?

Review of International Economics, Vol. 11, No. 5, pp 830-844, 2003
Number of pages: 36 Posted: 23 Sep 2004
Woochan Kim
Korea University Business School
Downloads 234 (197,306)

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capital account liberalization, disciplinary effect, budget deficit

26.

Replication Dataset, Codebook, and Statistical Code for Bernard Black, Antonio Gledson De Carvalho, Vikramaditya Khanna, Woochan Kim and B. Burcin Yurtoglu, Methods for Multicountry Studies of Corporate Governance: Evidence from the BRIKT Countries, 183 Journal of Econometrics 230-240 (2014)

Northwestern Law & Econ Research Paper No. 16-07
Posted: 27 Jan 2016 Last Revised: 21 May 2016
Bernard S. Black, Antonio Gledson De Carvalho, Woochan Kim, Vikramaditya S. Khanna and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, Korea University Business School, University of Michigan Law School and WHU - Otto Beisheim School of Management
Downloads 207 (221,481)

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Brazil, Korea, India, Russia, Turkey, corporate governance, boards of directors, disclosure, shareholder rights, sensitivity bounds

27.

Does Diversification of Share Classes Increase Firm Value?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 597/2019, Kenan Institute of Private Enterprise Research Paper No. 19-14
Number of pages: 49 Posted: 12 Feb 2019
Sojung Kim, Sunwoo Hwang and Woochan Kim
Korea University Business School (KUBS), Korea University Business School and Korea University Business School
Downloads 202 (226,452)

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share classes, convertible preferred stocks, redeemable preferred stocks, entrenchment, financial distress

28.

Managerial Entrenchment of Anti-Takeover Devices: Quasi-Experimental Evidence from Korea

KDI School of Pub Policy & Management Paper No. 11-03
Number of pages: 39 Posted: 14 Jan 2011 Last Revised: 14 Dec 2011
Sunwoo Hwang and Woochan Kim
Korea University Business School and Korea University Business School
Downloads 200 (228,408)

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Anti-Takeover Provision, Managerial Entrenchment, Korea

29.

A Survey of Research on the Corporate Governance of Korean Firms

Downloads 198 (230,486)

A Survey of Research on the Corporate Governance of Korean Firms

European Corporate Governance Institute – Finance Working Paper No. 804/2021
Number of pages: 76 Posted: 13 Dec 2021
Woochan Kim, Woojin Kim and Kyung Suh Park
Korea University Business School, Seoul National University - Business School and Korea University - Department of Finance
Downloads 172 (260,915)

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corporate governance, Korea, control structure, ownership structure, business groups, family firms, related-party transactions

A Survey of Research on the Corporate Governance of Korean Firms

Asian Review of Financial Research, Vol.35, No.1, pp.151-213, 2022
Number of pages: 70 Posted: 05 Apr 2022
Woochan Kim, Woojin Kim and Kyung Suh Park
Korea University Business School, Seoul National University - Business School and Korea University - Department of Finance
Downloads 26 (740,088)

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corporate governance, Korea, control structure, ownership structure, business groups, family firms, related-party transactions

30.

Executive Compensation When a Firm is a Business Group Member

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 447/2015
Number of pages: 39 Posted: 07 Mar 2015 Last Revised: 02 Mar 2022
Hyungseok Kim and Woochan Kim
Korea Corporate Governance Service and Korea University Business School
Downloads 195 (233,711)

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executive compensation, business groups, chaebols, tunneling, cash flow rights, control-ownership disparity, expropriation risk

31.

Group Control Motive as a Determinant of Ownership Structure in Business Conglomerates

Number of pages: 49 Posted: 22 Feb 2005
Woochan Kim, Taeyoon Sung and Youngjae Lim
Korea University Business School, Yonsei University, School of Economics and Korea Development Institute (KDI)
Downloads 165 (270,333)

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ownership structure, business conglomerate, chaebol, voting rights, cash flow rights, disparity

32.

Restructuring Korean Banks' Short-Term Debts in 1998 - Detailed Accounts and Their Implications

Korean Crisis and Recovery, David T. Coe and Se-Jik Kim, International Monetary Fund aand Korea Institute for International Economic Policy, 2002
Number of pages: 71 Posted: 06 Oct 2004
Woochan Kim and Byeon Yangho
Korea University Business School and Ministry of Finance and Economy, Korea
Downloads 162 (274,460)

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debt restructuring, currency crisis, banking crisis, Korea, negotiation

33.

Family Control and Expropriation of Not-for-Profit Organizations: Evidence from Korean Private Universities

KDI School of Public Policy & Management Paper No. 06-01
Number of pages: 47 Posted: 07 Dec 2006 Last Revised: 27 Jan 2011
Kee-Hong Bae, Seung-Bo Kim and Woochan Kim
York University - Schulich School of Business, Korea Research Institute for Vocational Education and Training and Korea University Business School
Downloads 161 (275,853)

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Nonprofit, Governance, Expropriation, Donation, Private University

34.

Korea's Capital Market Promotion Policies: IPOs and Other Supplementary Policy Experiences

Number of pages: 87 Posted: 29 Dec 2012
Woochan Kim
Korea University Business School
Downloads 156 (283,142)
Citation 1

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capital market promotion, IPO, stock ownership plans, Korea

35.

Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

Journal of International Economics, Vol. 85, No. 1, 2011, U of Texas Law, Law and Econ Research Paper No. 129, KDI School Working Paper No. 07-08
Number of pages: 42 Posted: 08 May 2008 Last Revised: 09 Sep 2011
Woochan Kim, Taeyoon Sung and Shang-Jin Wei
Korea University Business School, Yonsei University, School of Economics and Columbia University - Columbia Business School, Finance
Downloads 144 (302,276)
Citation 1

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36.

Contract Heterogeneity, Operating Shortfalls, and Corporate Cash Holdings

KDI School of Pub Policy & Management Paper No. 09-09, McCombs Research Paper Series No. FIN-13-09
Number of pages: 53 Posted: 08 Sep 2009
Hao Jiang, Woochan Kim and Ramesh K. S. Rao
Erasmus University Rotterdam (EUR), Korea University Business School and University of Texas at Austin - Department of Finance
Downloads 139 (310,765)

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contract heterogeneity, operating shortfalls, corporate cash holdings

37.

Do Business Groups Harm Capital Allocation Efficiency Outside the Business Group?

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 471/2016
Number of pages: 74 Posted: 08 Jul 2016
Yunxiao Liu, Woochan Kim and Taeyoon Sung
affiliation not provided to SSRN, Korea University Business School and Yonsei University, School of Economics
Downloads 137 (314,313)

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Business group, Internal capital market, Capital allocation efficiency, Financial sector development, Investor protection, Asian financial crisis

38.

How Useful are Commercial Corporate Governance Ratings in Emerging Markets?

European Corporate Governance Institute – Finance Working Paper No. 812/2022
Number of pages: 53 Posted: 16 Aug 2018 Last Revised: 20 Jan 2022
Bernard S. Black, Antonio Gledson De Carvalho, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 133 (321,509)

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Corporate Governance Indices, Disclosure, Boards of Directors, Shareholder Rights Brazil, Korea, India, Turkey

39.

Can Stakeholder Orientation Improve Inventory Efficiency? Evidence from a Quasi-natural Experiment

European Corporate Governance Institute – Finance Working Paper No. 664/2020
Number of pages: 71 Posted: 05 Mar 2020 Last Revised: 02 Jun 2020
Yunxiao Liu and Woochan Kim
Shanghai University and Korea University Business School
Downloads 132 (323,387)

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constituency statutes; stakeholder orientation; CSR; inventory efficiency; firm performance

40.

Death Spiral Issues in Emerging Market: A Control Related Perspective

KDI School of Pub Policy & Management Paper No. 09-05
Number of pages: 39 Posted: 05 Aug 2009 Last Revised: 01 Oct 2009
Woochan Kim, Woojin Kim and Hyungseok Kim
Korea University Business School, Seoul National University - Business School and Korea Corporate Governance Service
Downloads 128 (330,937)

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Death spirals, Convertibles, Warrants, Control enhancing mechanisms, Korea

41.

Online Appendix for Corporate Governance Indices and Construct Validity

Corporate Governance: An International Review, 2017, Forthcoming
Number of pages: 14 Posted: 26 May 2017
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 126 (334,843)

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42.

Tunneling Through Group Trademarks

European Corporate Governance Institute - Finance Working Paper No. 624/2019
Number of pages: 50 Posted: 29 Aug 2019 Last Revised: 23 Oct 2019
Sojung Kim and Woochan Kim
Korea University Business School (KUBS) and Korea University Business School
Downloads 124 (338,742)

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trademark royalties, tunneling, holding companies, business groups, cash flow rights, dividends

43.

Reform on Pension Fund Governance and Management: The 1998 Reform of Korea National Pension Fund

Number of pages: 41 Posted: 07 Feb 2011
Woochan Kim
Korea University Business School
Downloads 110 (368,915)

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National Pension Fund, Korea, fund governance, public pension reserve funds, civil organization

44.

Online Appendix: Which Aspects of Corporate Governance Do and Do Not Matter in Emerging Markets

Number of pages: 31 Posted: 25 Oct 2017 Last Revised: 19 Nov 2019
Bernard S. Black, Antonio Gledson De Carvalho, Vikramaditya S. Khanna, Woochan Kim and B. Burcin Yurtoglu
Northwestern University - Pritzker School of Law, Fundacao Getulio Vargas School of Business at Sao Paulo, University of Michigan Law School, Korea University Business School and WHU - Otto Beisheim School of Management
Downloads 91 (418,652)

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45.

Perils of Limiting the Coverage of Mandatory Pay Disclosure: The Korean Experience

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 572/2018
Number of pages: 47 Posted: 23 Aug 2018 Last Revised: 21 Sep 2018
Jinhyeok Ra and Woochan Kim
Korea University Business School (KUBS) and Korea University Business School
Downloads 76 (465,836)
Citation 2

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executive compensation, disclosure evasion, family executives, executive-to-worker pay ratio

46.

Foreign Portfolio Investors Before and During a Crisis

Downloads 73 (476,409)
Citation 26

Foreign Portfolio Investors Before and During a Crisis

NBER Working Paper No. w6968
Number of pages: 29 Posted: 26 Apr 1999 Last Revised: 16 Jan 2022
Woochan Kim and Shang-Jin Wei
Korea University Business School and Columbia University - Columbia Business School, Finance
Downloads 73 (482,133)

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Foreign Portfolio Investors Before and During a Crisis

Journal of International Economics, Vol. 56, No. 1, pp. 77-96
Posted: 24 May 2002
Woochan Kim and Shang-Jin Wei
Korea University Business School and Columbia University - Columbia Business School, Finance

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47.

How Does Corporate Governance Risk at Home Affect Investment Choices Abroad?

NBER Working Paper No. w13721
Number of pages: 58 Posted: 11 Jan 2008 Last Revised: 30 Dec 2022
Woochan Kim, Taeyoon Sung and Shang-Jin Wei
Korea University Business School, Yonsei University, School of Economics and Columbia University - Columbia Business School, Finance
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48.

Anchoring Effect of Pre-Meeting Vote Disclosures: Evidence from the National Pension Service

Number of pages: 46 Posted: 10 Jan 2022
Jinhyeok Ra, Sunmin Kim, Hyoung Goo Kang and Woochan Kim
Korea University Business School (KUBS), Hanyang University - School of Business, Hanyang University and Korea University Business School
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shareholder voting, pre-meeting disclosure, conflicts of interest, asset owner, National Pension Service

49.

Online Appendix for The Effect of Board Structure on Firm Disclosure and Behavior: A Case Study of Korea and a Comparison of Research Designs

Number of pages: 30 Posted: 30 Nov 2020 Last Revised: 13 Dec 2020
Bernard S. Black, Woochan Kim and Julia Nasev
Northwestern University - Pritzker School of Law, Korea University Business School and Ludwig-Maximilians-University Munich
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50.

Does Tunneling Explain the Sensitivity of Executive Compensation to Other Member Firms’ Performance?

Journal of Business Finance & Accounting, Vol. 47, Issue 9-10, pp. 1268-1289, 2020
Number of pages: 22 Posted: 23 Nov 2020
Hyungseok Kim and Woochan Kim
Korea Corporate Governance Service and Korea University Business School
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business group, cash flow right, chaebol, control–ownership disparity, executive compensation, tunneling

51.

Family Control and Expropriation at Not‐For‐Profit Organizations: Evidence from Korean Private Universities

Corporate Governance: An International Review, Vol. 20, Issue 4, pp. 388-404, 2012
Number of pages: 17 Posted: 12 Jun 2012
Kee-Hong Bae, Seung‐Bo Kim and Woochan Kim
York University - Schulich School of Business, affiliation not provided to SSRN and Korea University Business School
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Corporate Governance, Non‐profits, Expropriation, Donations, Private University