S-Space College of Business Administration/Business School (경영대학/대학원) Institute of Industrial Relations (노사관계연구소) Seoul Journal of Industrial Relations (노사관계연구, SJIR) Journal of industrial relations vol.14 (2003) (노사관계연구)
한국 기업의 지배 구조
Corporate Governance Structure of Korean Companies
- Issue Date
- 서울대학교 노사관계연구소
- Journal of industrial relations, Vol.14, pp. 57-98
- This study examined the changes in the governance structures of Korean companies after 1997 Asian economic crisis. The governance structures of Korean companies were substantially changed after the crisis, as many people had attributed the economic crisis to the traditional governance structures of large Korean chaebols. As a result, traditional governance structure gave a way to American-style corporate governance structure. To understand the changes, we first reviewed corporate governance structure of the United States. Germany, and Japan. We then described the changes in ownership structure of Korean companies, and internal and external control mechanisms that can curb self interest seeking behaviors of owner CEOs of Korean companies. Finally, prospects of corporate governance structure of Korean companies were discussed.