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  1. Ethical Management and Leadership: A Conceptual Paper and Korean Example.Louise Patterson & Chris Rowley - 2019 - Asian Journal of Business Ethics 8 (1):1-24.
    Business ethics have become an important topic globally for both policy-makers and businesses. This paper first discusses the conceptual framework for business ethics followed by ethical management and corporate social responsibility as well as relevant theories. Within this conceptual framework, Korea is used as a country context as to the development of EM and CSR. An important example of an ethical scandal is the major steel manufacturer, POSCO as it was held up as an exemplar and role model of ethical (...)
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  • Board Meeting Attendance by Outside Directors.Byung S. Min & Amon Chizema - 2018 - Journal of Business Ethics 147 (4):901-917.
    Outside directors’ regular board meeting attendance is important in improving the effectiveness of a governance system. Such attendance is evidence of their commitment to the firm as key other players in monitoring and decision making. Using a unique dataset for Korean firms, and three-level random coefficients models, we find that, foreign outside directors, an independent appointment process, professional knowledge of business operations and accumulated firm-specific knowledge are important factors that affect outside directors’ attendance of board meetings. The results also confirm (...)
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  • Intragroup Transactions, Corporate Governance, and Corporate Philanthropy in Korean Business Groups.Won-Yong Oh, Young Kyun Chang, Gyeonghwan Lee & Jeongil Seo - 2018 - Journal of Business Ethics 153 (4):1031-1049.
    This study examines how the corporate philanthropy decisions of group-affiliated firms in Korea are made. Based on the attention-based view, we argue that when corporate decision makers at group-affiliated firms focus their attention more on internal markets than external stakeholders because of the firm’s high reliance on intragroup transactions, the firm will decrease its level of corporate philanthropy. We further argue that the relationship will be stronger when governance mechanisms focus on the instrumental value of corporate philanthropy. Using a panel (...)
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  • CEO Hubris and Firm Pollution: State and Market Contingencies in a Transitional Economy.Lu Zhang, Shenggang Ren, Xiaohong Chen, Dayuan Li & Duanjinyu Yin - forthcoming - Journal of Business Ethics:1-20.
    This study focuses on CEO hubris and its effect on corporate unethical behaviour—pollution in particular, and in addition examines critical institutional contingencies [state ownership, political connection and industrial competition] which may moderate this effect. With data from over-polluting listed firms based on the real-time pollution monitoring system in transitional China from 2015 to 2017, we find that CEO hubris is significantly positively related to firm pollution, and that the moderating role of SO is not significant, that PC positively moderates the (...)
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  • Effects of Outsider’s Monitoring on Capital Structure and Corporate Growth Strategy: Evidence From a Natural Experiment.Byung Min - 2018 - Journal of Business Ethics 152 (2):459-475.
    Debt-ridden corporate growth and increased vulnerability was one of the causes of the 1997 financial crisis in Korea. Introduction of the outside director system has been the core part of the board reforms following the crisis. Our estimation using instruments obtained from a natural experiment illustrates that outside monitoring has improved capital structure of firms even when we control for the leverage regulation effect, enhanced compliance with leverage regulation and thus reduced business risks, and reduced excessive growth and excessive investment (...)
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