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Tunneling or Value Addition? Evidence from Mergers by Korean Business Groups
16 references·16 citing·31 second hopsampled
Tunneling or Value Addition? Evidence from Mergers by Korean Business Groups (2000)Tunneling or Value Addition? Evidence fro…The separation of ownership and control in East Asian Corporations (2000)The separation of ownership a…Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups (2000)Is Group Affiliation Profitab…Investor protection and corporate governance (2000)Investor protection and corpo…Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure (1998)Theory of the Firm: Manageria…Law and Finance (1998)Law and FinanceWhy Focused Strategies May Be Wrong for Emerging Markets (1997)Why Focused Strategies May Be…Legal Determinants of External Finance (1997)Legal Determinants of Externa…Legal Determinants of External Finance (1997)Legal Determinants of Externa…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Law and Finance (1996)Law and FinanceCorporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups (1991)Corporate Structure, Liquidit…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Multiple Large Shareholders and Corporate Risk-taking: Evidence from French Family Firms (2016)Multiple Large Shareholders a…Family Business Performance from a Governance Perspective: A Review of Empirical Research (2014)Family Business Performance f…Leviathan in Business: Varieties of State Capitalism and Their Implications for Economic Performance (2012)Leviathan in Business: Variet…Multiple Large Shareholders and Corporate Risk Taking: Evidence from East Asia (2011)Multiple Large Shareholders a…Whither Family Business? (2010)Whither Family Business?Multinational Advantages of Chinese Business Groups: A Theoretical Exploration (2010)Multinational Advantages of C…Does market-oriented institutional change in an emerging economy make business-group-affiliated multinationals perform better? An institution-based view (2010)Does market-oriented institut…Are OECD-prescribed “good corporate governance practices” really good in an emerging economy? (2010)Are OECD-prescribed “good cor…‘FAMILY’ OWNERSHIP, TUNNELLING AND EARNINGS MANAGEMENT: A REVIEW OF THE LITERATURE (2010)‘FAMILY’ OWNERSHIP, TUNNELLIN…The Value‐relevance of Earnings and Book Value, Ownership Structure, and Business Group Affiliation: Evidence From Korean Business Groups (2007)The Value‐relevance of Earnin…Outside Directors, Ownership Structure and Firm Profitability in Korea (2007)Outside Directors, Ownership …Corporate governance and tunneling: Empirical evidence from China (2007)Corporate governance and tunn…Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis (2006)Dominant Shareholders, Corpor…The Global History of Corporate Governance: An Introduction (2005)The Global History of Corpora…Ownership structure, corporate governance and analyst following. A study of french listed firms. (2005)Ownership structure, corporat…Equity sales in Belgian corporate groups: expropriation of minority shareholders? A clinical study (2002)Equity sales in Belgian corpo…The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Managerial incentives and risk-taking☆ (2005)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)What Do We Know about Capital Structure? Some Evidence from International Data (1995)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)The market for corporate control (1983)Efficient Capital Markets: II (1991)CEO Overconfidence and Corporate Investment (2005)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The Problem of Social Cost (1960)Corporate Governance and Equity Prices (2003)Earnings management and investor protection: an international comparison (2003)Law, finance, and economic growth in China (2005)Corporate Ownership Around the World (1999)How do family ownership, control and management affect firm value? (2005)The Nature of the Firm (1937)Separation of Ownership and Control (1983)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1998Law and Finance17,902 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 2000Investor protection and corporate governance6,847 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 2000The separation of ownership and control in East Asian Corporations5,753 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1998Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure2,749 cited
  • 2000Is Group Affiliation Profitable in Emerging Markets? An Analysis of Diversified Indian Business Groups2,588 cited
  • 1997Why Focused Strategies May Be Wrong for Emerging Markets2,452 cited
  • 1996Law and Finance2,451 cited
  • 1991Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

2,361 cited
  • 1997Legal Determinants of External Finance2,032 cited
  • Cited by

    • 2010Does market-oriented institutional change in an emerging economy make business-group-affiliated multinationals perform better? An institution-based view260 cited
    • 2010Whither Family Business?200 cited
    • 2007Outside Directors, Ownership Structure and Firm Profitability in Korea190 cited
    • 2007Corporate governance and tunneling: Empirical evidence from China189 cited
    • 2016Multiple Large Shareholders and Corporate Risk-taking: Evidence from French Family Firms185 cited
    • 2010Are OECD-prescribed “good corporate governance practices” really good in an emerging economy?184 cited
    • 2012Leviathan in Business: Varieties of State Capitalism and Their Implications for Economic Performance163 cited
    • 2006Dominant Shareholders, Corporate Boards and Corporate Value: A Cross-Country Analysis158 cited
    • 2011Multiple Large Shareholders and Corporate Risk Taking: Evidence from East Asia150 cited
    • 2014Family Business Performance from a Governance Perspective: A Review of Empirical Research148 cited
    • 2007The Value‐relevance of Earnings and Book Value, Ownership Structure, and Business Group Affiliation: Evidence From Korean Business Groups142 cited
    • 2010‘FAMILY’ OWNERSHIP, TUNNELLING AND EARNINGS MANAGEMENT: A REVIEW OF THE LITERATURE132 cited
    • 2005The Global History of Corporate Governance: An Introduction116 cited
    • 2002Equity sales in Belgian corporate groups: expropriation of minority shareholders? A clinical study101 cited
    • 2005Ownership structure, corporate governance and analyst following. A study of french listed firms.97 cited
    • 2010Multinational Advantages of Chinese Business Groups: A Theoretical Exploration96 cited