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  1.  58
    The Effect of Ownership Structure on Corporate Social Responsibility: Empirical Evidence From Korea. [REVIEW]Won Yong Oh, Young Kyun Chang & Aleksey Martynov - 2011 - Journal of Business Ethics 104 (2):283-297.
    Relatively little research has examined the effects of ownership on the firms’ corporate social responsibility (CSR). In addition, most of it has been conducted in the Western context such as the U.S. and Europe. Using a sample of 118 large Korean firms, we hypothesize that different types of shareholders will have distinct motivations toward the firm’s CSR engagement. We break down ownership into different groups of shareholders: institutional, managerial, and foreign ownerships. Results indicate a significant, positive relationship between CSR ratings (...)
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  2.  38
    Exploring the Relationship Between Board Characteristics and CSR: Empirical Evidence From Korea.Young Kyun Chang, Won-Yong Oh, Jee Hyun Park & Myoung Gyun Jang - 2017 - Journal of Business Ethics 140 (2):225-242.
    Previous studies in Western contexts have examined the relationships between various board characteristics and CSR, yet the relationships need to be re-examined in non-Western contexts given differential theoretical premises across contexts. We specifically propose that the effects of board characteristics on CSR in Korea should be patterned distinctively from Western-based existing literature, focusing on three important board characteristics, such as a board’s independence, social ties, and diversity. Using a panel dataset from large Korean firms, we found that various relationships between (...)
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  3.  21
    When CEO Career Horizon Problems Matter for Corporate Social Responsibility: The Moderating Roles of Industry-Level Discretion and Blockholder Ownership.Won-Yong Oh, Young Kyun Chang & Zheng Cheng - 2016 - Journal of Business Ethics 133 (2):279-291.
    This paper examines the influence of CEO career horizon problems on corporate social responsibility. We assume that as CEOs are getting older, they tend to disengage in CSR due to their shorter career horizons. We further argue that high levels of industry-level discretion and blockholder ownership amplify the negative effects of CEO age on CSR. Using a panel sample of US-based firms over 2004–2009, we do not find the main effect of CEO age on CSR, but find support for the (...)
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  4.  31
    CEO Hubris and Firm Performance: Exploring the Moderating Roles of CEO Power and Board Vigilance.Jong-Hun Park, Changsu Kim, Young Kyun Chang, Dong-Hyun Lee & Yun-Dal Sung - 2018 - Journal of Business Ethics 147 (4):919-933.
    This study focuses on CEO hubris and its detrimental effect on corporate financial performance along with an examination of critical corporate governance contingencies that may moderate the negative effect. From 654 observations of 164 Korean firms over the years 2001–2008, we found that CEO power exacerbated the negative effect of CEO hubris on corporate financial performance, whereas board vigilance mitigated it. This study provides empirical evidence that entrenchment problems arising from CEO hubris would be exacerbated as CEOs become more powerful, (...)
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  5.  17
    Does Ownership Structure Matter? The Effects of Insider and Institutional Ownership on Corporate Social Responsibility.Won-Yong Oh, Jongseok Cha & Young Kyun Chang - 2017 - Journal of Business Ethics 146 (1):111-124.
    The extant literature has examined the effects of ownership structures on corporate social responsibility, yet it has overlooked the non-linear and interactive effects among major shareholder groups. In this study, we examine the non-linear effects of insider and institutional ownerships on CSR. We also examine whether it is necessary to have both incentive alignment and monitoring mechanisms or it is sufficient to have either mechanism to promote CSR. Using a sample of the U.S. Fortune 1000 firms, our results suggest that (...)
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  6.  16
    Person–Organization Fit on Prosocial Identity: Implications on Employee Outcomes.Jongseok Cha, Young Kyun Chang & Tae-Yeol Kim - 2014 - Journal of Business Ethics 123 (1):1-13.
    This study examined the relationship between person–organization (PO) fit on prosocial identity (prosocial PO fit) and various employee outcomes. The results of polynomial regression analysis based on a sample of 589 hospital employees, which included medical doctors, nurses, and staff, indicate joint effects of personal and organizational prosocial identity on the development of a sense of organizational identification and on the engagement in prosocial behaviors toward colleagues, organizations, and patients. Specifically, prosocial PO fit had a curvilinear relationship with organizational identification, (...)
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  7.  15
    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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