Effects of Outsider’s Monitoring on Capital Structure and Corporate Growth Strategy: Evidence from a Natural Experiment
Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea. Introduction of the outside director system has been the core part of the board reforms following the crisis. Our estimation using instruments obtained from a natural experiment illu...
| Main Author: | |
|---|---|
| Format: | Electronic Article |
| Language: | English |
| Check availability: | HBZ Gateway |
| Journals Online & Print: | Drawer...
|
| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
Springer
2018
|
| In: |
Journal of business ethics
Year: 2018, Volume: 152, Issue: 2, Pages: 459-475 |
| Further subjects: | B
natural experiment
B Corporate governance B Government Regulation B Chaebol B Growth strategy B Capital structure |
| Online Access: |
Volltext (lizenzpflichtig) |