{"id":"https://openalex.org/W2245523656","doi":null,"title":"Determinants of Corporate Capital Structure in Korea","display_name":"Determinants of Corporate Capital Structure in Korea","publication_year":2015,"publication_date":"2015-08-01","ids":{"openalex":"https://openalex.org/W2245523656","mag":"2245523656"},"language":"en","primary_location":{"id":"pmh:oai:scholarworks.unist.ac.kr:201301/16856","doi":null,"is_oa":false,"landing_page_url":"http://scholarworks.unist.ac.kr/handle/201301/16856","pdf_url":null,"source":{"id":"https://openalex.org/S4306401118","display_name":"Scholarworks@UNIST (Ulsan National Institute of Science and Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I48566637","host_organization_name":"Ulsan National Institute of Science and Technology","host_organization_lineage":["https://openalex.org/I48566637"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Master's thesis"},"volume":null,"type":"dissertation","is_traditional":true,"indexed_in":[],"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/A5029879135","display_name":"Suwon Han","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":true,"raw_author_name":"Suwon Han","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":["https://openalex.org/A5029879135"],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.005499999970197678,"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/T12544","display_name":"Working Capital and Financial Performance","score":0.0003000000142492354,"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"}}],"keywords":[{"id":"https://openalex.org/keywords/capital-structure","display_name":"capital structure","score":0.875},{"id":"https://openalex.org/keywords/leverage-determinants","display_name":"leverage determinants","score":0.8579999804496765},{"id":"https://openalex.org/keywords/firm-size","display_name":"firm size","score":0.7329999804496765},{"id":"https://openalex.org/keywords/sales-growth","display_name":"sales growth","score":0.8880000114440918},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.9950000047683716},{"id":"https://openalex.org/keywords/tangible-fixed-assets","display_name":"tangible fixed assets","score":0.9869999885559082},{"id":"https://openalex.org/keywords/non-debt-tax-shield","display_name":"non-debt tax shield","score":0.9169999957084656},{"id":"https://openalex.org/keywords/depreciation","display_name":"depreciation","score":0.7630000114440918},{"id":"https://openalex.org/keywords/short-term-debt","display_name":"short-term debt","score":0.7379999756813049},{"id":"https://openalex.org/keywords/long-term-debt","display_name":"long-term debt","score":0.9990000128746033},{"id":"https://openalex.org/keywords/chaebol","display_name":"chaebol","score":0.949999988079071},{"id":"https://openalex.org/keywords/public-companies","display_name":"public companies","score":0.6909999847412109},{"id":"https://openalex.org/keywords/south-korea","display_name":"South Korea","score":0.4560000002384186}],"concepts":[{"id":"https://openalex.org/C149933338","wikidata":"https://www.wikidata.org/wiki/Q950816","display_name":"Capital structure","level":3,"score":0.7931408882141113},{"id":"https://openalex.org/C30472729","wikidata":"https://www.wikidata.org/wiki/Q955421","display_name":"Fixed asset","level":3,"score":0.7307177782058716},{"id":"https://openalex.org/C2780568316","wikidata":"https://www.wikidata.org/wiki/Q482517","display_name":"Chaebol","level":3,"score":0.7050601243972778},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.650617241859436},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.6481349468231201},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.6336020231246948},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5833118557929993},{"id":"https://openalex.org/C135665773","wikidata":"https://www.wikidata.org/wiki/Q2234049","display_name":"Debt ratio","level":3,"score":0.5669827461242676},{"id":"https://openalex.org/C44970651","wikidata":"https://www.wikidata.org/wiki/Q17014030","display_name":"Fixed effects model","level":3,"score":0.5345607995986938},{"id":"https://openalex.org/C73116969","wikidata":"https://www.wikidata.org/wiki/Q16954906","display_name":"Debt-to-capital ratio","level":5,"score":0.5109857320785522},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.510015606880188},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.49717119336128235},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4756733477115631},{"id":"https://openalex.org/C117131394","wikidata":"https://www.wikidata.org/wiki/Q17141900","display_name":"Tax shield","level":5,"score":0.4319232106208801},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3737581968307495},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2931896150112152},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.274844765663147},{"id":"https://openalex.org/C155530773","wikidata":"https://www.wikidata.org/wiki/Q591174","display_name":"Return on equity","level":3,"score":0.20157521963119507},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.18685460090637207},{"id":"https://openalex.org/C124972522","wikidata":"https://www.wikidata.org/wiki/Q1303176","display_name":"Equity ratio","level":4,"score":0.11598905920982361},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.11116927862167358},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.08675089478492737},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.0780324637889862},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"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/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C551662922","wikidata":"https://www.wikidata.org/wiki/Q2346630","display_name":"Tax reform","level":2,"score":0.0},{"id":"https://openalex.org/C74939039","wikidata":"https://www.wikidata.org/wiki/Q7603703","display_name":"State income tax","level":3,"score":0.0},{"id":"https://openalex.org/C100001284","wikidata":"https://www.wikidata.org/wiki/Q2248246","display_name":"Public economics","level":1,"score":0.0},{"id":"https://openalex.org/C172008318","wikidata":"https://www.wikidata.org/wiki/Q3683077","display_name":"Gross income","level":4,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:scholarworks.unist.ac.kr:201301/16856","doi":null,"is_oa":false,"landing_page_url":"http://scholarworks.unist.ac.kr/handle/201301/16856","pdf_url":null,"source":{"id":"https://openalex.org/S4306401118","display_name":"Scholarworks@UNIST (Ulsan National Institute of Science and Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I48566637","host_organization_name":"Ulsan National Institute of Science and Technology","host_organization_lineage":["https://openalex.org/I48566637"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"Master's thesis"},{"id":"mag:2245523656","doi":null,"is_oa":false,"landing_page_url":"https://scholarworks.unist.ac.kr/bitstream/201301/16856/1/%ed%95%9c%ec%88%98%ec%9b%90.pdf","pdf_url":null,"source":null,"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":16,"referenced_works":["https://openalex.org/W2000578291","https://openalex.org/W2053893381","https://openalex.org/W2063955807","https://openalex.org/W2074928461","https://openalex.org/W2089052482","https://openalex.org/W2111928229","https://openalex.org/W2115846503","https://openalex.org/W2124597406","https://openalex.org/W2127103243","https://openalex.org/W2137014419","https://openalex.org/W2137561817","https://openalex.org/W2143437037","https://openalex.org/W2146880834","https://openalex.org/W2170790204","https://openalex.org/W3122002592","https://openalex.org/W3122253384"],"related_works":["https://openalex.org/W2987887430","https://openalex.org/W2086660226","https://openalex.org/W2031600967","https://openalex.org/W3205930433","https://openalex.org/W3122999391","https://openalex.org/W4409863359","https://openalex.org/W2584456611","https://openalex.org/W3177655879","https://openalex.org/W2752414089","https://openalex.org/W4391327003"],"abstract_inverted_index":{"This":[0],"study":[1,184],"empirically":[2],"analyzed":[3],"the":[4,9,24,42,46,52,73,122,149,162,165,180,183,186,196,247,251],"flows":[5],"and":[6,33,58,80,111,161,200,207,255],"determinants":[7],"of":[8,12,26,31,41,49,54,83,124,158,164,171,198,218],"capital":[10,172],"structure":[11,173],"Korean":[13,144,192],"listed":[14],"firms":[15],"from":[16],"1999":[17],"to":[18,66,72,179,191],"2013.":[19],"The":[20],"results":[21],"showed":[22,85,94,104,132],"that":[23,40,204,246],"effect":[25,53],"firm":[27,78,205,224],"size,":[28],"growth":[29,81,216],"rate":[30,82,217],"sales,":[32],"profitability":[34,93,208,233],"on":[35,62],"leverage":[36,63],"was":[37,202,226,234,244],"consistent":[38],"with":[39,90,99,108,115,128,137,213,230,238],"studies":[43],"conducted":[44],"before":[45],"financial":[47],"crisis":[48,75],"1997,":[50],"while":[51,92,215,232],"tangible":[55,129],"fixed":[56,102,130],"assets":[57,103],"non-debt":[59],"tax":[60],"shields":[61],"has":[64,176],"changed":[65],"a":[67,86,95,105,112,133,155,169,210],"significantly":[68,87,96,134,227,235],"positive":[69,88,113,135],"relationship,":[70],"contrary":[71],"pre-financial":[74],"studies.":[76],"Specifically,":[77],"size":[79,123,206,225],"sales":[84,219],"relationship":[89,98,107,114,136,212],"leverage,":[91,214,231],"negative":[97,106],"leverage.":[100,138],"Tangible":[101],"short-term":[109,262],"liabilities":[110],"long-term":[116,266],"liabilities.":[117],"Moreover,":[118],"depreciation,":[119],"which":[120],"represents":[121],"investment":[125],"cost":[126],"along":[127],"assets,":[131],"Regarding":[139],"chaebols":[140],"(the":[141],"major":[142],"South":[143],"family-owned":[145],"business":[146],"conglomerates),":[147],"even":[148],"6th?30th":[150,252],"largest":[151,249,253],"chaebol":[152,166],"groups":[153],"maintained":[154],"high":[156],"level":[157],"debt":[159,239,263],"ratio,":[160],"strength":[163],"variable":[167],"as":[168],"determinant":[170],"in":[174],"Korea":[175],"decreased":[177,261],"compared":[178],"past.":[181],"\\nFurthermore,":[182],"applied":[185],"panel":[187],"data":[188],"analysis":[189],"method":[190],"public":[193,257],"corporations":[194,258],"for":[195],"period":[197],"2009?2013,":[199],"it":[201,243],"found":[203,245],"had":[209],"significant":[211],"did":[220],"not.":[221],"That":[222],"is,":[223],"positively":[228],"related":[229,237],"negatively":[236],"ratios.":[240],"In":[241],"addition,":[242],"1st?5th":[248],"chaebols,":[250,254],"market-based":[256],"have":[259],"recently":[260],"but":[264],"increased":[265],"debt.":[267]},"counts_by_year":[],"updated_date":"2026-11-09T13:22:03.289127","created_date":"2016-06-24T00:00:00"}
