This paper estimates the impact of criminal justice process, mainly the indictment and conviction of controlling shareholders duty, on the market value of a firm. The indictment or imprisonment of controlling shareholders in Korean large business groups, chaebols, provides an opportunity for...

This paper estimates the impact of criminal justice process, mainly the conviction of controlling shareholders, on the market value of entire business group as well as its subsidiary. The court conviction of controlling shareholders in Korean large business groups, chaebols, provides meaningful...

This paper estimates the impact of criminal justice process, mainly the indictment and conviction of controlling shareholders duty, on the market value of a firm. The indictment or imprisonment of controlling shareholders in Korean large business groups, chaebols, provides an opportunity for...