Hwang, Lee-Seok; Kim, Hakkon; Park, Kwangwoo; Park, Rae Soo - In: Pacific-Basin Finance Journal 24 (2013) C, pp. 179-198
Using a unique, comprehensive data set from a survey on corporate governance practices among Korean listed firms, this … addition, our regression results show that the positive correlation between corporate governance practices and dividend payout … ratios is weaker among chaebol firms. Finally, we find that improving corporate governance enhances payout policies over time …