Plausibly Exogenous [741] - Corporate Governance (01/29/2022)
LHS Variable
Market value
RHS Variable
Corporate governance
Source of Exogenous Variation
A Korean legal reform in 1999 that changed the board structure of “large” firms (assets > 2 trillion won) relative to smaller firms
- Black, Kim, Jang, and Park (2015), “How corporate governance affect firm value? Evidence on a self-dealing channel from a natural experiment in Korea”