SHERP

The Association of Firm Risk Measures and Accounting Information in the Korean Capital Market

Cited 0 time in webofscience Cited 0 time in scopus
Authors
Lee, ChangWoo; Kim, Kapsoon
Issue Date
1998-06
Publisher
College of Business Administration (경영대학)
Citation
Seoul Journal of Business Vol4(1): 57~78(1998)
Keywords
Financial leverage; korean maket; stock price
Abstract
The purpose of this study is to investigate and document an empirical
relation between the risk of a firm and firm-specific information such as
financial leverage and other variables in the Korean capital market.
The results indicate that in the Korean capital market, the working
capital position and firm size are positively associated with various risk
measures. For the financial leverage variable, we observe inconsistent
results with respect to different risk measures; financial leverage and
total risk are positively associated, while financial leverage and
systematic risk are negatively associated. It is interesting, therefore,
that the Korean market exhibits somewhat different features from those
found in U.S. empirical results and in the theory of finance.
ISSN
1226-9816
Language
English
URI
http://hdl.handle.net/10371/1638
Files in This Item:
Appears in Collections:
College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Seoul Journal of BusinessSeoul Journal of Business Volume 04, Number 1 (1998)
  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Browse