Corporate Leverage Strategy in an Emerging Market

Min, Byung S.

doi:10.17549/gbfr.2015.20.2.35

Cited by 2 publications

(1 citation statement)

References 63 publications

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“…Dividend yield also obtained from KIS Value II which is provided by Korea Credit Rating Co., Ltd. We measure the size of the company by Ln (total assets, million won) at the end of the year. Levarage is calculated by dividing debt by equity at the end of the year (Min, Cashel-Cordo, & Rhim, 2015;Shin, Lee, & Cin, 2016). We calculate ROE by dividing the bottom line by equity at the end of the year.…”

Section: Modelmentioning

confidence: 99%

Is Blockholder Dispersion Attracting Foreign Investors?

Kim¹,

Cho²

2018

Glob Bus Financ Rev

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This paper examines the impact of blockholder dispersion on the foreign ownership in the Korean stock market over the period 2005-2016. We use the Herfindahl Index as a substitute variable for blockholder dispersion. Results show that a lower Herfindahl Index leads to a higher foreign ownership of the publicly listed companies in Korea. This implies that foreign investors prefer companies with dispersed ownership. We confirmed that foreign investors also preferred firms with low volatility, small dividend yields, large, low leverage, and high accounting performance. We have also found that the behavior of foreign investors is different before and after global financial risk. Our findings contribute to our understanding regarding to the relation between foreign investors and ownership dispersion in Korean stock markets.

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Section: Modelmentioning

confidence: 99%

Is Blockholder Dispersion Attracting Foreign Investors?

Kim¹,

Cho²

2018

Glob Bus Financ Rev

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Systematic Literature Review on Global Strategy

Matos

Jimenéz

Ramos

et al. 2020

Dynamic Strategic Thinking for Improved Competitiveness and Performance

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The global economy changed the way products and services are exchange and reminded organizations' managers to find new ways to obtain competitive advantage and formulate their strategy in the global market. Thus, this chapter's aim is to perform a systematic literature review to identify the main theoretical topics of global strategy in the past 43 years using bibliometric analysis. The results allowed to identify and cluster five main trends: Cluster 1 – firm performance in the global market; Cluster 2 – power and market space development; Cluster 3 – government regulation, government and regulation; Cluster 4 – economic periods; Cluster 5 – societal changes. Findings also allowed to find potential gaps in global strategy related with the topics of entrepreneurship, competitive strategy, capitalism, transitions, climate change, law, portfolio, financial performance, global sourcing, and global value chain. Conclusions are drawn.

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Corporate Leverage Strategy in an Emerging Market

Cited by 2 publications

References 63 publications

Is Blockholder Dispersion Attracting Foreign Investors?

Is Blockholder Dispersion Attracting Foreign Investors?

Systematic Literature Review on Global Strategy

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