{"id":"https://openalex.org/W1861776239","doi":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","title":"Value Information of Corporate Decisions and Corporate Governance Practices*","display_name":"Value Information of Corporate Decisions and Corporate Governance Practices*","publication_year":2011,"publication_date":"2011-02-01","ids":{"openalex":"https://openalex.org/W1861776239","doi":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","mag":"1861776239"},"language":"en","primary_location":{"id":"doi:10.1111/j.2041-6156.2010.01032.x","doi":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","pdf_url":null,"source":{"id":"https://openalex.org/S4210190745","display_name":"Asia-Pacific Journal of Financial Studies","issn_l":"2041-6156","issn":["2041-6156","2041-9945"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","kci-registered","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia-Pacific Journal of Financial Studies","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5032013219","display_name":"Hae-Young Byun","orcid":"https://orcid.org/0000-0002-4323-0290","observed_orcids":["https://orcid.org/0000-0002-4323-0290"]},"institutions":[{"id":"https://openalex.org/I165507594","display_name":"Kangwon National University","ror":"https://ror.org/01mh5ph17","country_code":"KR","type":"education","lineage":["https://openalex.org/I165507594"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Hae-Young Byun","raw_affiliation_strings":["Department of Accounting, Kangwon National University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting, Kangwon National University","institution_ids":["https://openalex.org/I165507594"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5025966591","display_name":"Lee\u2010Seok Hwang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I139264467","display_name":"Seoul National University","ror":"https://ror.org/04h9pn542","country_code":"KR","type":"education","lineage":["https://openalex.org/I139264467"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Lee-Seok Hwang","raw_affiliation_strings":["College of Business Administration, Seoul National University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business Administration, Seoul National University","institution_ids":["https://openalex.org/I139264467"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5038976110","display_name":"Woo\u2010Jong Lee","orcid":"https://orcid.org/0000-0002-8193-1653","observed_orcids":["https://orcid.org/0000-0002-8193-1653"]},"institutions":[{"id":"https://openalex.org/I14243506","display_name":"Hong Kong Polytechnic University","ror":"https://ror.org/0030zas98","country_code":"HK","type":"education","lineage":["https://openalex.org/I14243506"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Woo-Jong Lee","raw_affiliation_strings":["School of Accounting and Finance, The Hong Kong Polytechnic University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Accounting and Finance, The Hong Kong Polytechnic University","institution_ids":["https://openalex.org/I14243506"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5032013219"],"corresponding_institution_ids":["https://openalex.org/I165507594"],"apc_list":{"value":2810,"currency":"USD","value_usd":2810},"apc_paid":null,"fwci":12.4362,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.97972092,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"40","issue":"1","first_page":"69","last_page":"108"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9990000128746033,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.00019999999494757503,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-governance-practices","display_name":"corporate governance practices","score":0.9309999942779541},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.9959999918937683},{"id":"https://openalex.org/keywords/investment-decisions","display_name":"investment decision-making","score":0.9380000233650208},{"id":"https://openalex.org/keywords/financing-decisions","display_name":"financing decisions","score":0.9779999852180481},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9959999918937683},{"id":"https://openalex.org/keywords/corporate-cash-holdings","display_name":"cash holdings","score":0.9670000076293945},{"id":"https://openalex.org/keywords/value-relevance","display_name":"value relevance","score":0.5350000262260437},{"id":"https://openalex.org/keywords/korean-firms","display_name":"Korean firms","score":0.5770000219345093}],"concepts":[{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.9124273061752319},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6436887383460999},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.5935899615287781},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.5903164148330688},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.5654032826423645},{"id":"https://openalex.org/C80515813","wikidata":"https://www.wikidata.org/wiki/Q1134763","display_name":"Corporate finance","level":2,"score":0.5287392139434814},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.494704931974411},{"id":"https://openalex.org/C201305675","wikidata":"https://www.wikidata.org/wiki/Q852998","display_name":"Stakeholder","level":2,"score":0.43280819058418274},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.42336443066596985},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.4181568920612335},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.41606825590133667},{"id":"https://openalex.org/C179681481","wikidata":"https://www.wikidata.org/wiki/Q5172490","display_name":"Corporate security","level":3,"score":0.4131064713001251},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.3943772614002228},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2681539058685303},{"id":"https://openalex.org/C187736073","wikidata":"https://www.wikidata.org/wiki/Q2920921","display_name":"Management","level":1,"score":0.07486894726753235},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1111/j.2041-6156.2010.01032.x","doi":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.2041-6156.2010.01032.x","pdf_url":null,"source":{"id":"https://openalex.org/S4210190745","display_name":"Asia-Pacific Journal of Financial Studies","issn_l":"2041-6156","issn":["2041-6156","2041-9945"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","cwts-core","jufo-1","kci-registered","poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Asia-Pacific Journal of Financial Studies","raw_type":"journal-article"},{"id":"pmh:oai:ira.lib.polyu.edu.hk:10397/31319","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10397/31319","pdf_url":null,"source":{"id":"https://openalex.org/S4306400205","display_name":"PolyU Institutional Research Archive (Hong Kong Polytechnic University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I14243506","host_organization_name":"Hong Kong Polytechnic University","host_organization_lineage":["https://openalex.org/I14243506"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Journal/Magazine Article"},{"id":"pmh:oai:ira.lib.polyu.edu.hk:10397/57482","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10397/57482","pdf_url":null,"source":{"id":"https://openalex.org/S4306400205","display_name":"PolyU Institutional Research Archive (Hong Kong Polytechnic University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I14243506","host_organization_name":"Hong Kong Polytechnic University","host_organization_lineage":["https://openalex.org/I14243506"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Conference Paper"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":62,"referenced_works":["https://openalex.org/W155642038","https://openalex.org/W1485127500","https://openalex.org/W1984134127","https://openalex.org/W1991795148","https://openalex.org/W2000578291","https://openalex.org/W2005193841","https://openalex.org/W2014716706","https://openalex.org/W2017053359","https://openalex.org/W2017713899","https://openalex.org/W2054244737","https://openalex.org/W2056549006","https://openalex.org/W2075911810","https://openalex.org/W2101242833","https://openalex.org/W2103679355","https://openalex.org/W2108421949","https://openalex.org/W2113003288","https://openalex.org/W2119791828","https://openalex.org/W2121085701","https://openalex.org/W2124156558","https://openalex.org/W2125664626","https://openalex.org/W2126555709","https://openalex.org/W2129123189","https://openalex.org/W2142856961","https://openalex.org/W2144470805","https://openalex.org/W2145788913","https://openalex.org/W2160184254","https://openalex.org/W2161553400","https://openalex.org/W2170790204","https://openalex.org/W2186056415","https://openalex.org/W2258655238","https://openalex.org/W2261248247","https://openalex.org/W2275696763","https://openalex.org/W2752617332","https://openalex.org/W2891389313","https://openalex.org/W3021889044","https://openalex.org/W3096365548","https://openalex.org/W3121131820","https://openalex.org/W3121250421","https://openalex.org/W3121297842","https://openalex.org/W3121319487","https://openalex.org/W3121554626","https://openalex.org/W3121608236","https://openalex.org/W3121759882","https://openalex.org/W3121986562","https://openalex.org/W3122685622","https://openalex.org/W3122859634","https://openalex.org/W3123906439","https://openalex.org/W3124114405","https://openalex.org/W3124355031","https://openalex.org/W3124620510","https://openalex.org/W3124648214","https://openalex.org/W3124823696","https://openalex.org/W3125100392","https://openalex.org/W3125353045","https://openalex.org/W3125397542","https://openalex.org/W3125684456","https://openalex.org/W3125688476","https://openalex.org/W3125898175","https://openalex.org/W3125933001","https://openalex.org/W3216010046","https://openalex.org/W4233420185","https://openalex.org/W6686421041"],"related_works":["https://openalex.org/W7038140553","https://openalex.org/W2916903283","https://openalex.org/W4322759569","https://openalex.org/W2956659019","https://openalex.org/W2807374330","https://openalex.org/W4385616475","https://openalex.org/W3133883978","https://openalex.org/W2958387495","https://openalex.org/W7099192277","https://openalex.org/W3006661053"],"abstract_inverted_index":{"Extant":[0],"published":[1],"literature":[2],"reveals":[3],"that":[4,94],"sound":[5,110],"corporate":[6,32,37,54,76,111],"governance":[7,33,55,77,112],"practices":[8,34,56,78],"enhance":[9],"firm":[10,16,83],"value.":[11],"However,":[12],"how":[13],"it":[14],"affects":[15],"value":[17,84,87,96],"remains":[18],"largely":[19],"unexplained.":[20],"This":[21],"paper":[22],"addresses":[23],"this":[24],"question":[25],"by":[26,85],"providing":[27],"a":[28,49],"direct":[29],"link":[30],"between":[31],"and":[35,45,66,102],"strategic":[36],"decisions,":[38],"such":[39],"as":[40],"investment,":[41,100],"financing,":[42,99],"dividend":[43],"policies,":[44],"cash":[46],"holdings.":[47],"Applying":[48],"unique":[50],"dataset":[51],"of":[52,70,89,98],"firm-level":[53,90],"obtained":[57],"from":[58],"the":[59,95],"Korea":[60],"Corporate":[61],"Governance":[62],"Service":[63],"in":[64],"Fama":[65],"French\u2019s":[67],"(The":[68],"Journal":[69],"Finance,":[71],"53,":[72],"1998,":[73],"819)":[74],"framework,":[75],"are":[79,105],"expected":[80],"to":[81],"influence":[82],"enhancing":[86],"implications":[88,97],"decisions.":[91],"Findings":[92],"show":[93],"dividend,":[101],"cash-holding":[103],"decisions":[104],"strong":[106],"for":[107],"firms":[108],"with":[109],"practices.":[113]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2016,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":3},{"year":2012,"cited_by_count":4}],"updated_date":"2026-10-30T12:39:25.321706","created_date":"2016-06-24T00:00:00"}
