We examine the relationship between globalization, corporate governance and firm productivity. The results, using longitudinal data from Korea, indicate that the positive effect of liberalising equity ownership on firms’ total factor productivity (TFP) was reinforced by indirect managerial...

We examine the relationship between globalisation, corporate governance and firm productivity by breaking down total effects into direct and indirect effects. The estimation results, using longitudinal data from Korea, indicate that the positive effect of liberalising equity ownership on...

This chapter shows that the Republic of Korea has experienced significant change in both trade and foreign direct Investment (FDI) flows since the 1997 Asian financial crisis. The analysis indicates that a rapid increase in exports at the onset of the crisis helped to improve foreign reserves of...