The Effect of Ownership on Pay, Performance, and Internationalization: Evidence from Korean Small and Medium Enterprises

키워드

참고문헌 (78)

1. Aaron, J., "Incentive-Based Compensation for Ceos in Small and Medium Sized Enterprises: Does Pay for Performance Matter?", Journal of Business and Entrepreneurship, 25(1), pp.1~ (2013)
2. Alchian, A. A., "Production, information costs, and economic organization", American Economic Review, 62(5), pp.777~795 (1972)
3. Abor, J., "Corporate governance and the small and medium enterprises sector : theory and implications", Corporate Governance : The International Journal of Business in Society, 7(2), pp.111~122 (2007)
4. Bartlett, C. A., "Managing across boarders" (1989), Harvard Business School Press
5. Bebchuk, L. A., "Executive compensation as an agency problem", Journal of Economic Perspectives, 17(3), pp.71~92 (2003)
6. Bebchuk, L. A., "Pay without Performance: The Unfulfilled Promise of Executive Compensation" (2009), Harvard University Press
7. Bebchuk, L. A., "The growth of executive pay", Oxford Review of Economic Policy, 21(2), pp.283~303 (2005)
8. Bebchuk, L. A., "Concentrated Coporate Ownership", pp.295~318 (2000), University of Chicago Press
9. Bergstresser, D., "CEO incentives and earnings management", Journal of Financial Economics, 80(3), pp.511~529 (2006)
10. Berle, A. A., "The Modern Corporation and Private Property" (1932), Commerce Clearing House
11. Borch, O. J., "Dynamic capabilities facilitating innovative strategies in SMEs", International Journal of Technoentrepreneurship, 1(1), pp.109~125 (2007)
12. Brickley, J. A., "Leadership structure : Separating the CEO and chairman of the board", Journal of Corporate Finance, 3(3), pp.189~220 (1997)
13. Carson, D., "SME marketing management competencies", International Business Review, 9(3), pp.363~382 (2000)
14. Chen, M. J., "Speed, stealth, and selective attack : How small firms differ from large firms in competitive behavior", Academy of Management Journal, 38(2), pp.453~482 (1995)
15. Cho, J., "Internationalization and Longevity of SMEs: The Role of Contingent Factors", Paper presented at the Academy of Management Proceedings (2017)
16. Chu, W., "Family ownership and firm performance : Influence of family management, family control, and firm size", Asia Pacific Journal of Management, 28(4), pp.833~851 (2011)
17. Daily, C. M., "CEO and board chair roles held jointly or separately:much ado about nothing?", Academy of Management Perspectives, 11(3), pp.11~20 (1997)
18. Deng, Z., "Ownership concentration and product innovation in Chinese private SMEs", Asia Pacific Journal of Management, 30(3), pp.717~734 (2013)
19. Executive compensation: A survey of theory and evidence, "Edmans, A.", ~ (2017)
20. Fama, E. F., "Separation of ownership and control", The Journal of Law and Economics, 26(2), pp.301~325 (1983)
21. Fernández, Z., "Internationalization strategy of small and medium-sized family businesses : Some influential factors", Family Business Review, 18(1), pp.77~89 (2005)
22. Finkelstein, S., "CEO duality as a double-edged sword : How boards of directors balance entrenchment avoidance and unity of command", Academy of Management Journal, 37(5), pp.1079~1108 (1994)
23. Fong, E. A., "CEO pay fairness as a predictor of stakeholder management", Journal of Business Research, 63(4), pp.404~410 (2010)
24. Fosberg, R. H., "Leadership structure and firm performance", International Review of Financial Analysis, 8(1), pp.83~96 (1999)
25. Frydman, C., "CEO compensation", Annual Review of Financial Economics, 2(1), pp.75~102 (2020)
26. Galbraith, J. R., "Organization design : An information processing view", Interfaces, 4(3), pp.28~36 (1974)
27. George, G., "Ownership and the internationalization of small firms", Journal of Management, 31(2), pp.210~233 (2005)
28. Gomez-Mejia, L. R., "Cultural diversity and the performance of multinational firms", Journal of International Business Studies, 28(2), pp.309~335 (1997)
29. Hambrick, D. C., "The influence of top management team heterogeneity on firms' competitive moves", Administrative Science Quarterly, pp.659~684 (1996)
30. Hagendorff, J., "CEO pay incentives and risk-taking : Evidence from bank acquisitions", Journal of Corporate Finance, 17(4), pp.1078~1095 (2011)
31. Hall, B. J., "Are CEOs really paid like bureaucrats?", Quarterly Journal of Economics, 112(3), pp.653~691 (1998)
32. Hall, B. J., "Stock options for undiversified executives", Journal of Accounting and Economics, 33(1), pp.3~42 (2002)
33. Hall, B. J., "The trouble with stock options", Journal of Economic Perspectives, 17(3), pp.49~70 (2003)
34. Hamad, S. B., "The SMEs governance mechanisms practices and financial performance : Case of Tunisian industrial SMEs", International Journal of Business and Management, 6(7), pp.216~225 (2011)
35. Hamadi, M., "Ownership concentration, family control and performance of firms", European Management Review, 7(2), pp.116~131 (2010)
36. Agency problems and legal strategies, "Hansmann, H.", ~ (2004)
37. He, L., "Do founders matter? A study of executive compensation, governance structure and firm performance", Journal of Business Venturing, 23(3), pp.257~279 (2008)
38. Henderson, A. D., "Information-processing demands as a determinant of CEO compensation", Academy of Management Journal, 39(3), pp.575~606 (1996)
39. Hernández-Cánovas, G., "Ownership structure and debt as corporate governance mechanisms : an empirical analysis for Spanish SMEs", Journal of Business Economics and Management, 17(6), pp.960~976 (2016)
40. Hitt, M. A., "International diversification : Effects on innovation and firm performance in product-diversified firms", Academy of Management Journal, 40(4), pp.767~798 (1997)
41. Holmström, B., "Market liquidity and performance monitoring", Journal of Political Economy, 101(4), pp.678~709 (1993)
42. Hoskisson, R. E., "Managerial incentives and investment in R&D in large multiproduct firms", Organization Science, 4(2), pp.325~341 (1993)
43. Jayaraman, N., "CEO founder status and firm financial performance", Strategic Management Journal, 21(12), pp.1215~1224 (2000)
44. Jensen, M. C., "Agency Costs and the Theory of the Firm", Journal of Financial Economics, 3(4), pp.305~360 (1976)
45. Jensen, M. C., "Theory of the firm : Managerial behavior, agency costs and ownership structure", Journal of Political Economy, 3(4), pp.225~264 (1976)
46. Johnson, S., "Tunneling", American Economic Review, 90(2), pp.22~27 (2000)
47. Kapopoulos, P., "Corporate ownership structure and firm performance : evidence from Greek firms", Corporate Governance : An International Review, 15(2), pp.144~158 (2007)
48. Karami, A., "The CEOs' characteristics and their strategy development in the UK SME sector", Journal of Management Development (2006)
49. Kim, W. C., "Procedural justice, attitudes, and subsidiary top management compliance with multinationals' corporate strategic decisions", Academy of Management Journal, 36(3), pp.502~526 (1993)
50. La Porta, R., "Corporate Ownership Around the World", Journal of Finance, 54(2), pp.471~517 (1999)
51. Murphy, K. J., "Handbook of Labor Economics (Vol. 3B)", pp.1999, Elsevier
52. Murphy, K. J., "Handbook of the Economics of Finance (Vol. 2A)", pp.2013, Elsevier
53. McConnell, J. J., "Additional evidence on equity ownership and corporate value", Journal of Financial Economics, 27(2), pp.595~612 (1990)
54. Michiels, A., "Formal compensation practices in family SMEs", Journal of Small Business and Enterprise Development (2017)
55. Miller, D., "Strategy-making in context : ten empirical archetypes", Journal of Management Studies, 14(3), pp.253~280 (1977)
56. Morck, R., "Management ownership and market valuation : An empirical analysis", Journal of Financial Economics, 20, pp.293~315 (1988)
57. Ng, C. Y., "An empirical study on the relationship between ownership and performance in a family-based corporate environment", Journal of Accounting, Auditing & Finance, 20(2), pp.121~146 (2005)
58. Oviatt, B. M., "Challenges for internationalization process theory : The case of international new ventures", MIR : Management International Review, pp.85~99 (1997)
59. Pieper, T. M., "The impact of goal alignment on board existence and top management team composition : evidence from familyinfluenced businesses", Journal of Small Business Management, 46(3), pp.372~394 (2008)
60. Ramdani, D., "The impact of board independence and CEO duality on firm performance : A quantile regression analysis for Indonesia, Malaysia, South Korea and Thailand", British Journal of Management, 21(3), pp.607~627 (2010)
61. Rechner, P. L., "CEO duality and organizational performance : A longitudinal analysis", Strategic Management Journal, 12(2), pp.155~160 (1991)
62. Rhoades, D. L., "A meta-analysis of board leadership structure and financial performance: Are “two heads better than one”?", Corporate Governance: An International Review, 9(4), pp.311~319 (2001)
63. Salancik, G. R., "Corporate attributions as strategic illusions of management control", Administrative Science Quarterly, pp.238~254 (1984)
64. Sanders, W. G., "Internationalization and firm governance : The roles of CEO compensation, top team composition, and board structure", Academy of Management Journal, 41(2), pp.158~178 (1998)
65. Schulze, W. S., "Exploring the agency consequences of ownership dispersion among the directors of private family firms", Academy of Management Journal, 46(2), pp.179~194 (2003)
66. Shin, J., "The relationship between multinationality and performance: Knowledge-intensive vs. capital-intensive service micro-multinational enterprises", International Business Review (2017)
67. 신준호, "The Role of the Related Party in the Internationalization of SMEs: Evidence from Korea", 국제경영연구, 30(4), pp.101~133 (2019), 한국국제경영학회
68. Shleifer, A., "Large Shareholders and Corporate Control", International Library of Critical Writings in Economics, 214(3), pp.493~ (2008)
69. Sigler, K. J., "CEO compensation and company performance", Business and Economics Journal, 31(1), pp.1~8 (2011)
70. Stock, J. H., "Heteroskedasticity-robust standard errors for fixed effects panel data", Econometrica, 76(1), pp.155~1754 (2008)
71. Sridharan, U. V., "CEO influence and executive compensation", Financial Review, 31(1), pp.51~66 (1996)
72. Tihanyi, L., "Institutional ownership differences and international diversification : The effects of boards of directors and technological opportunity", Academy of Management Journal, 46(2), pp.195~211 (2003)
73. Tushman, M. L., "Information processing as an integrating concept in organizational design", Academy of Management Review, 3(3), pp.613~624 (1978)
74. Ueng, C. J., "CEO influence and executive compensation : Large firms vs. small firms", Managerial Finance, 26(8), pp.3~12 (2000)
75. Wang, D., "Founding family ownership and earnings quality", Journal of Accounting Research, 44(3), pp.619~656 (2006)
76. Xia, J., "Mutual dependence, partner substitutability, and repeated partnership : the survival of cross-border alliances", Strategic Management Journal, 32(3), pp.229~253 (2011)
77. Yang, T., "CEO duality and firm performance : Evidence from an exogenous shock to the competitive environment", Journal of Banking & Finance, 49, pp.534~552 (2014)
78. Zahra, S. A., "International expansion of US manufacturing family businesses : The effect of ownership and involvement", Journal of Business Venturing, 18(4), pp.495~512 (2003)

관련 논문AI추천