The Next Stage of Reforms: Korean Corporate Governance in the Post-Asian Financial Crisis Era

Kim, Joongi

doi:10.2202/1932-0205.1009

Cited by 4 publications

(3 citation statements)

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“…Capital ratios are used by Central Banks to quantify the ability of a bank to deal with risk exposure. According to Kim and Rasiah (2010), in order to protect depositor's interest, banks should conserve a capital-asset ratio of 8% as required by the Central Bank. Compared to conventional banks, Islamic banks tend to have a higher capital-asset ratio.…”

Section: Descriptive Statisticsmentioning

confidence: 99%

What Drives Banking Profitability During Financial Crisis and Political Turmoil? Evidence from the MENA Region

Zaiane

Moussa

2021

Global Journal of Emerging Market Economies

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The purpose of the study is to identify bank specific, macroeconomic, and stability determinants of both conventional and Islamic bank performance. We also try to identify evidence on the impact of financial crisis and political instability during the Arab Spring (AS) period. The study covers a sample of 123 banks (34 Islamic banks and 89 conventional banks from 13 Middle East and North Africa [MENA] countries) over the period 2000–2013. We use different proxies of performance as dependent variables: return on asset (ROA), return on equity (ROE), net income margin (NIM), and estimate several regressions using the dynamic generalized method of moments. Our results reveal that bank size, asset quality, specialization, and diversification are the major bank specific factors affecting performance of Islamic and conventional banks. Besides, macroeconomic indicators (GDP and inflation) and regulatory quality influence both types of banks differently. Finally, both the financial crisis and political instability negatively affect bank performance.

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Section: Descriptive Statisticsmentioning

confidence: 99%

What Drives Banking Profitability During Financial Crisis and Political Turmoil? Evidence from the MENA Region

Zaiane

Moussa

2021

Global Journal of Emerging Market Economies

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“…The initiators of this stream discussed the distinction between banks based on the separation between the typology "Origin of Institutional Ownership" and the typology "Regional Integration of Banks". In this line of research, Kim & Rasiah (2010) compared the governance impact on the performance of two types of banking ownership in Malaysia before, during, and after the Asian financial crisis. They have shown that there is generally a positive and significant correlation between banking governance and FP of Malaysian banks.…”

Section: Bank Typementioning

confidence: 99%

Impact of the Ownership Structure on the Financial Performance of Banks: Comparative Study between Conventional and Islamic Banks

Haddad

Ammari

Bouri

2019

ijafr

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According to the literature of corporate governance, ownership structure is advanced as a non-dissociable mechanism of control intended to follow the stakeholders and especially used by shareholders to monitor the conflicts of interest and the opportunistic behavior of managers. Several previous studies have focused on the impact of ownership structure on financial performance separately in conventional or in Islamic banks. However, the comparative studies between these two impacts are non-existent. In this research, we compared the impacts of this governance mechanism on the financial performance in the two types of banks by using the Ordinary Least Squares method. Data relating to financial performance and ownership structure of banks come from 16 countries. Two samples were collected: the first one included 63 conventional banks, whereas the second one integrated 63 Islamic banks whose data are available over the period (2010-2018). Panel results showed that partial effect of each determinant of ownership structure on each measure of financial performance varied from one banks’ type to another and from one performance measure to another. Besides, the reconciliation of similar models revealed many differences between the same impacts’ signs. Therefore, we concluded that in both banks’ types the ownership structure has a positive impact on the financial performance. While, the negative part of the same impact is less significant in Islamic banks. JEL Classification: F33, G20, G21, G24, G30.

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“…The total number of independent directors in listed companies more than doubled during 1998-2006, and the ratio of outside directors to insiders increased significantly from 11.4 percent to 36.8 percent over the same period (Korea Exchange [KRX], 2007). As a result, the traditional role of boards of directors as rubber stamps has changed; they have begun to carry weight in the discussion and formulation of corporate policies and strategies (Joongi Kim, 2006).…”

Section: South Korean Corporate Governance In Transitionmentioning

confidence: 99%

Global Forces and Corporate Reforms in South Korea

Zhang

2010

International Political Science Review

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This article attempts to examine the international forces at work in the transformation of corporate governance in South Korea. In so doing, it provides a corrective to existing analyses that pay inadequate attention to how internationalization shapes domestic decisions about corporate reforms. The article explores the causal impact of four factors -overseas reforms and competition, global market constraints, transnational norms, and internalization of external pressures. It posits that these different forms of internationalization have created powerful forces for sustained corporate reforms in South Korea since the Asian financial crisis of 1997-8. While they have not preordained convergence toward the Anglo-American model of capitalism, they have overwhelmed political resistance and institutional inertia to result in an important shift in the architecture of South Korean corporate governance.

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The Next Stage of Reforms: Korean Corporate Governance in the Post-Asian Financial Crisis Era

Cited by 4 publications

References 0 publications

What Drives Banking Profitability During Financial Crisis and Political Turmoil? Evidence from the MENA Region

What Drives Banking Profitability During Financial Crisis and Political Turmoil? Evidence from the MENA Region

Impact of the Ownership Structure on the Financial Performance of Banks: Comparative Study between Conventional and Islamic Banks

Global Forces and Corporate Reforms in South Korea

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