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Evaluating the Post-Crisis Corporate Restructuring in Korea
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Chang, HaJoon | - |
dc.contributor.author | Shin, JangSup | - |
dc.date.accessioned | 2009-01-28T04:23:17Z | - |
dc.date.available | 2009-01-28T04:23:17Z | - |
dc.date.issued | 2002-04 | - |
dc.identifier.citation | Seoul Journal of Economics, Vol.15 No.2, pp. 245-276 | - |
dc.identifier.issn | 1225-0279 | - |
dc.identifier.uri | https://hdl.handle.net/10371/1266 | - |
dc.description.abstract | This paper assesses Korea's corporate reform programme implemented after the financial crisis in 1997. After critically reviewing the economic analyses that in formed the corporate reform programme, we look at the key corporate reform measures, especially those related to the chaebols in some detail. We look at the reduction in debt-equity ratio, the 'Big Deals, the 'Workout Programme, and the measures that are intended to improve corporate governance, such as the changes in fair trading regulation, accounting standards, financial regulation, and the internal governance system. We argue that, while the post- crisis reform programme has introduced some positive elements, it has been implemented at substantial costs and furthermore reduced the long-run dynamism of the economy by negatively affecting the corporate financing system. | - |
dc.language.iso | en | - |
dc.publisher | Institute of Economic Research, Seoul National University | - |
dc.subject | Corporate governance | - |
dc.subject | Corporate Finance | - |
dc.subject | Financial crisis | - |
dc.title | Evaluating the Post-Crisis Corporate Restructuring in Korea | - |
dc.type | SNU Journal | - |
dc.contributor.AlternativeAuthor | 장하준 | - |
dc.contributor.AlternativeAuthor | 신장섭 | - |
dc.citation.journaltitle | Seoul Journal of Economics | - |
dc.citation.endpage | 276 | - |
dc.citation.number | 2 | - |
dc.citation.pages | 245-276 | - |
dc.citation.startpage | 245 | - |
dc.citation.volume | 15 | - |
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