Does hometown advantage matter? The case of institutional blockholder monitoring on earnings management in Korea

C Liu, CY Chung, HK Sul, K Wang - Journal of International Business …, 2018 - Springer
This study uses a large sample of Korean firms to examine institutional blockholders’ influence
on corporate earnings management. The Korean market is an interesting setting to study …

Institutional monitoring: Evidence from the F‐score

CY Chung, C Liu, K Wang… - Journal of Business …, 2015 - Wiley Online Library
The extant literature shows that institutional investors engage in corporate governance to
enhance a firm's long‐term value. Measuring firm performance using the F‐Score, we examine …

[HTML][HTML] Study on the Relationship between CSR and Financial Performance

SJ Cho, CY Chung, J Young - Sustainability, 2019 - mdpi.com
This study analyzed whether a systematic relationship exists between corporate social
responsibility (CSR) performance and corporate financial performance using 191 sample firms …

[HTML][HTML] Factors affecting organizations' resistance to the adoption of blockchain technology in supply networks

D Choi, CY Chung, T Seyha, J Young - Sustainability, 2020 - mdpi.com
From a supply chain perspective, new technologies such as blockchain can improve the
efficiency and competitiveness of logistics and increase customer satisfaction. Although …

Heads I win, tails you lose: Institutional monitoring of executive pay rigidity

PMS Choi, CY Chung, JH Hwang… - Journal of Financial …, 2019 - Wiley Online Library
Agency theory argues that pay for performance alleviates the conflict of interest between
managers and shareholders. Furthermore, the literature finds that institutional monitoring tends …

[HTML][HTML] Review of the literature on merger waves

S Cho, CY Chung - Journal of Risk and Financial Management, 2022 - mdpi.com
Over the past few decades, the rapid growth of mergers and acquisitions (M&As) has
received interest from academics and practitioners. While M&As continue to be the subject of …

[HTML][HTML] Do CSR activities increase firm value? Evidence from the Korean market

CY Chung, S Jung, J Young - Sustainability, 2018 - mdpi.com
Corporate social responsibility has recently become a new metric of corporate performance.
Some argue that corporate social responsibility should be used not only for corporate image …

Institutional blockholders and corporate social responsibility

CY Chung, SJ Cho, D Ryu, D Ryu - Asian Business & Management, 2019 - Springer
By analyzing the Korean market characterized by chaebol firms, we provide evidence for
the effectiveness of institutional blockholders’ monitoring of firms’ engagement in corporate …

Do institutional investors monitor management? Evidence from the relationship between institutional ownership and capital structure

CY Chung, K Wang - The North American Journal of Economics and …, 2014 - Elsevier
We examine the dynamic relations between institutional ownership and a firm's capital
structure. We find that a firm's leverage decreases when institutional ownership increases. This …

Firm-level political risk and corporate investment

W Choi, CY Chung, K Wang - Finance Research Letters, 2022 - Elsevier
Extant literature shows that firms reduce their capital investment in response to political risk.
We examine firm-level activities and characteristics that mitigate the impact of political risk …