Earticle

초록

영어

Since the financial crisis in November 1997, large corporations have been fingered as the culprits behind the recent economic hardship that befell Korea. They have focused primarily on their sales growth and have heavily borrowed to maintain unprofitable businesses as well as to expand into new ventures. Because of the high leverage and low profitability, such corporations are greatly exposed to high risk with the economic fluctuations. This paper reviewed the corporate governance in Korea and Japan. As Korea`s corporate governance has both benefits and drawbacks, recent changes in the corporate governance aim to greatly improve such. Since regulations against corporate takeover have been relaxed, the threat of hostile takeover will bring about a greater improvement in management. Foreign investors, especially, will become major players in the takeover market, and their activities are expected to enhance the management quality of large corporations. But, it is actually impossible to monitoring corporations through capital market like that takeover and M&A, because there is interlocking shareholding structure among corporations in Korea and Japan. So it will be more efficient bank-centered corporate governance system in Korea.

목차

I. 서론
 II. Corporate Governance의 개념적 이해
  1. Corporate Governance의 개념
  2. Corporate Governance의 유형
  3. Corporate Governance의 결정요인
 III. Corporate Governance로서의 은행의 역할
  1. 은행의 순기능과 역기능
  2. Corporate Governance로서의 은행의 역할의 필요성
  3. Corporate Governance로서 의 일본의 은행의 역할
 IV. 결론 및 시사점
 참고문헌
 Abstract

저자

• 이준석 [ Joon Suk Lee | 동아대학교 경영학과 교수 ]
• 박태진 [ Tae Jin Park | 동아대학교 경영문제연구소 특별연구원 ]
• 조정원 [ Jung Weon Cho | 창신대학 세무학과 전임강사 ]

참고문헌