Corporate governance and firm performance in Korea / Hyo Jin Kim and Soon Suk Yoon

Kim, Hyo Jin and Yoon, Soon Suk (2007) Corporate governance and firm performance in Korea / Hyo Jin Kim and Soon Suk Yoon. Malaysian Accounting Review, 6 (2). pp. 1-16. ISSN 1675-4077

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Abstract

We investigate how firm performance is related to corporate governance in Korea. We find that the adoption of an audit committee itself does not significantly improve the level of firm performance. However, we find that there is positive relationship between the outside directors’ activity level and firm profitability. This suggests that outside directors can play a role of reducing agency conflicts between management and external shareholders so that the profitability is positively with their activity.

Item Type: Article
Uncontrolled Keywords: Corporate governance, Firm performance, Audit committee, Minority shareholders
Subjects: H Social Sciences > HD Industries. Land use. Labor > Corporations > Investor relations. Stockholders > Korea (South)
H Social Sciences > HD Industries. Land use. Labor > Corporations > Corporate organization. Corporate governance > Korea (South)
H Social Sciences > HF Commerce > Success in business. Performance
H Social Sciences > HF Commerce > Accounting. Bookkeeping > Auditing. Auditors > Audit committees > Korea (South)
Divisions: Accounting Research Institute (ARI)
Depositing User: Staf Pendigitan 1
Date Deposited: 12 Apr 2010 06:28
Last Modified: 22 Jun 2017 02:11
URI: http://ir.uitm.edu.my/id/eprint/191

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