서지주요정보
韓國 上場企業의 所有構造와 企業의 價値 = The corporate value and the stucture of equity ownership in listed firms of Korea
서명 / 저자 韓國 上場企業의 所有構造와 企業의 價値 = The corporate value and the stucture of equity ownership in listed firms of Korea / 한종섭.
저자명 한종섭 ; Han, Jong-Sub
발행사항 [대전 : 한국과학기술원, 1991].
Online Access 제한공개(로그인 후 원문보기 가능)원문

소장정보

등록번호

8001894

소장위치/청구기호

학술문화관(문화관) 보존서고

MMGS 9127

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초록정보

This paper investigates empirically the relation between the corporate value and the structure of equity ownership for a sample of 127 firms for 1986 and 162 firms for 1988 in listed firms of Korea. We find a quadratic relation between Tobin's Q and the fraction of common stock owned by corporate insiders. The curve slopes downward until insider ownership reaches approximately 35% and then slopes upward. Contrarily, we find no significant corelation between Tobin's Q and the presence of a block stockholder or the fraction of equity owned by blockholders, and we find no significant correlation between Tobin's Q and the presence of a institutional investor or the fraction of equity owned by institutional investors. In conculusion, the results are consistent with the argument that corporate value is a function of equity ownership structure.

서지기타정보

서지기타정보
청구기호 {MMGS 9127
형태사항 [ii], 49 p. : 삽도 ; 26 cm
언어 한국어
일반주기 저자명의 영문표기 : Jong-Sub Han
지도교수의 한글표기 : 노공균
지도교수의 영문표기 : Kong-Kyun Ro
학위논문 학위논문(석사) - 한국과학기술원 : 경영과학과,
서지주기 참고문헌 : p. 46-49
주제 Stock exchange.
Business enterprise.
주식 시장. --과학기술용어시소러스
기업. --과학기술용어시소러스
Stocks.
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