한국 기업에서 이사회 및 감사기구 독립성과 공시 투명성의 결정요인 분석

• 영문명: Determinant of Board Independence, Audit Independence and Transparency in Korean Companies
• 발행기관: 한국무역연구원
• 저자명: 우태우(Tae-Woo Woo)
• 간행물 정보: 『무역연구』제16권 제3호, 391~411쪽, 전체 21쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2020.06.30

영문 초록

Purpose - The purpose of This study analyzed the determinants of board independence, audit independence and transparency using family dummy variables in Korean companies. Design/Methodology/Approach - We used the data of 1,128 samples from 376 companies over three years. In addition, we used 2SLS model apply 2-step regression analysis including instrument variable. Findings - First, family companies showed negative influence for board independence, audit independence and Transparency. Secondly, actual board activities and audit activities both showed positive influence. This implies that even if family companies inhibit independence and transparency, real board activities and audit activities have a positive impact on corporate independence and transparency. Research Implications - The past studies focus on management performance of family firms. But This study identified the effect of family companies on independence and transparency. According to the results Family firms are less efficient than non-family firms in terms the independence and transparency. This result may be due to the fact that many Korean family firms are used to do unfair trade practices such as complex cross shareholding scheme, propping and tunneling. To ensure corporate independence and transparency It suggests a shift to a professional CEO by separating ownership and management.

목차

Ⅰ. 서론

Ⅱ. 이론적 배경 및 문헌연구

Ⅲ. 연구모형 및 기업자료

Ⅳ. 연구 결과

Ⅴ. 요약 및 결론

References

키워드

Audit Independence Board Independence Transparency