Managerial Finance


Accounting and Finance

Table Of Contents: Volume 44 Issue 1 - Special Issue: Korean financial markets

Advances in the corporate finance literature: a survey of recent studies on Korea

Hongbok Lee, Kwangwoo Park

The purpose of this paper is to provide a survey of recent studies on Korean firms’ financial policies and their interactions with financial markets, and suggest…

The cost of debt and the characteristics of audit firms

Yong-Sang Woo, Minjung Kang, Ho-Young Lee

Audit firm bankruptcy can have significant negative impacts on the stock prices of client firms. The purpose of this paper is to identify determinants of audit firm…

The more connected, the better? Impact of connectedness on volatility and price discovery in the Korean financial sector

DeokJong Jeong, Sunyoung Park

The purpose of this paper is to empirically analyze the effect of the increasing connectedness among financial institutions in the Korean financial market, as it affects…

Assessing venture capital industry growth in Korea

Hae Jin Chung, Moon Young Kang

The purpose of this paper is to investigate how the venture capital industry evolves in Korea. The paper also compares the venture capital industry growth of Korea with…

A note on the long-term performance of Korean ADRs

Mark Schaub

The purpose of this paper is to examine how Korean firm American Depository Receipts (ADRs) performed vs a US index and an Asia Pacific regional index. ADRs have been…

Controlling shareholders and financial constraints around the world

Jin Ho Park, Kwangwoo Park, Ronald Andrew Ratti

The purpose of this paper is to examine the effect of controlling shareholders’ ownership of firms on the firms’ financial constraints in 22 economies for the 1982-2009 period.



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  • Professor Don Johnson