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Financialization and the Slowdown in Korean Firms' R&D Investment
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| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Seo, Hwan Joo | - |
| dc.contributor.author | Kim, Han Sung | - |
| dc.contributor.author | Kim, Yoo Chan | - |
| dc.date.accessioned | 2021-06-23T05:44:43Z | - |
| dc.date.available | 2021-06-23T05:44:43Z | - |
| dc.date.issued | 2012-10 | - |
| dc.identifier.issn | 1535-3516 | - |
| dc.identifier.issn | 1536-0083 | - |
| dc.identifier.uri | https://scholarworks.bwise.kr/erica/handle/2021.sw.erica/30980 | - |
| dc.description.abstract | This study investigates the effects of financialization on research and development (R&D) investment by nonfinancial corporations (NFCs) in Korea from 1994 to 2009. The results indicate that increased dividend payments and stock buybacks impeded R&D investment by reducing internal funds and planning horizons. In addition, increased financial investment and profit opportunities crowded out R&D investment by influencing managers' incentives. Further, estimation results obtained by dividing the sample period into before and after the 1997-98 Asian financial crisis (AFC) indicate that the progress of financialization had a negative effect on R&D investment only after the AFC. | - |
| dc.format.extent | 15 | - |
| dc.language | 영어 | - |
| dc.language.iso | ENG | - |
| dc.publisher | MIT Press | - |
| dc.title | Financialization and the Slowdown in Korean Firms' R&D Investment | - |
| dc.type | Article | - |
| dc.publisher.location | 미국 | - |
| dc.identifier.doi | 10.1162/ASEP_a_00160 | - |
| dc.identifier.scopusid | 2-s2.0-84867388719 | - |
| dc.identifier.wosid | 000309975000005 | - |
| dc.identifier.bibliographicCitation | Asian Economic Papers, v.11, no.3, pp 35 - 49 | - |
| dc.citation.title | Asian Economic Papers | - |
| dc.citation.volume | 11 | - |
| dc.citation.number | 3 | - |
| dc.citation.startPage | 35 | - |
| dc.citation.endPage | 49 | - |
| dc.type.docType | Article | - |
| dc.description.isOpenAccess | N | - |
| dc.description.journalRegisteredClass | ssci | - |
| dc.description.journalRegisteredClass | scopus | - |
| dc.relation.journalResearchArea | Business & Economics | - |
| dc.relation.journalWebOfScienceCategory | Economics | - |
| dc.subject.keywordPlus | SHAREHOLDER VALUE | - |
| dc.subject.keywordPlus | CORPORATE GOVERNANCE | - |
| dc.subject.keywordPlus | FINANCIALISATION | - |
| dc.subject.keywordAuthor | CAPITAL ACCUMULATION | - |
| dc.subject.keywordAuthor | FINANCIALISATION | - |
| dc.subject.keywordAuthor | SHAREHOLDER VALUE | - |
| dc.subject.keywordAuthor | CORPORATE GOVERNANCE | - |
| dc.identifier.url | https://direct.mit.edu/asep/article-abstract/11/3/35/17650/Financialization-and-the-Slowdown-in-Korean-Firms?redirectedFrom=fulltext | - |
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Related Researcher
- SEO, Hwan Joo
- COLLEGE OF BUSINESS AND ECONOMICS (DIVISION OF BUSINESS ADMINISTRATION)