Outside Directors, Ownership Structure and Firm Profitability in Korea

• Published in: Corporate governance : an international review Vol. 15; no. 2; pp. 239 - 250
• Main Authors: Cho, Dong-Sung, Kim, Jootae
• Format: Journal Article
• Language: English
• Published: Oxford, UK Blackwell Publishing Ltd 01.03.2007; Wiley Blackwell
• Series: Corporate Governance: An International Review
• Subjects: Corporate governance; Directors; Financial performance; Firm value; Governance structure; History; International; Korea; Management; Organizational behavior; Outside directors; Ownership; ownership structure; Profitability; Reform; Stockholders; Structural analysis; Studies; Korea

The contribution of outside directors to firm performance has been shown to be inconsistent. Korean companies first began in 1998 to introduce outside directors to carry out governance reform. This paper analyses the impact of outside directors on corporate performance during the governance reform m...