Repository at Hanyang UniversityCOLLEGE OF BUSINESS AND ECONOMICS[E](경상대학)BUSINESS ADMINISTRATION(경영학부)Articles
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | 길재욱 | - |
| dc.date.accessioned | 2019-05-23T02:02:03Z | - |
| dc.date.available | 2019-05-23T02:02:03Z | - |
| dc.date.issued | 2018-12 | - |
| dc.identifier.citation | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, v. 47, No. 6, Page. 805-823 | en_US |
| dc.identifier.issn | 2041-9945 | - |
| dc.identifier.issn | 2041-6156 | - |
| dc.identifier.uri | https://onlinelibrary.wiley.com/doi/full/10.1111/ajfs.12238 | - |
| dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/105796 | - |
| dc.description.abstract | This paper identifies the determinants of shareholder activism of the National Pension Fund of Korea (NPF), and investigates its stock market reaction. In the case of article amendments, the NPF exercises its voting right actively when the firm has concentrated ownership, and does not belong to chaebols. The NPF is active when the firm has diffused ownership, and is not a chaebol affiliate if the agenda up for vote is auditor appointments. The event studies show that a long position in the NPF "Yes" vote stocks and a short position in the "No" vote stocks produce positive abnormal returns. | en_US |
| dc.description.sponsorship | The authors thank seminar participants at the 16 th World Business Research Conference (San Francisco, July 2016). This work was supported by the National Research Foundation of Korea Grant funded by the Korean Government NRF-2013S1A2A2035472. They are grateful for financial support provided under the Global Research Network Program. Comments from the referees and the editor are also gratefully appreciated. | en_US |
| dc.language.iso | en_US | en_US |
| dc.publisher | WILEY | en_US |
| dc.subject | National Pension Fund of Korea | en_US |
| dc.subject | Shareholder activism | en_US |
| dc.subject | Stock market reaction | en_US |
| dc.subject | Voting right | en_US |
| dc.title | Determinants of shareholder activism of the national pension fund of Korea | en_US |
| dc.type | Article | en_US |
| dc.relation.no | 6 | - |
| dc.relation.volume | 47 | - |
| dc.identifier.doi | 10.1111/ajfs.12238 | - |
| dc.relation.page | 1-19 | - |
| dc.relation.journal | ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES | - |
| dc.contributor.googleauthor | Lee, Jaehyun | - |
| dc.contributor.googleauthor | In, Francis | - |
| dc.contributor.googleauthor | Khil, Jaeuk | - |
| dc.contributor.googleauthor | Park, Young S. | - |
| dc.contributor.googleauthor | Wee, Kyeong Woo | - |
| dc.relation.code | 2018013290 | - |
| dc.sector.campus | E | - |
| dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
| dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
| dc.identifier.pid | jkhil | - |
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