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@article{ART002364903},
author={jeong seong hoon and 노상수 and 이준규},
title={Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission},
journal={Asset Management Review},
issn={2288-6672},
year={2018},
volume={6},
number={1},
pages={1-26},
doi={10.23007/amr.2018.6.1.1}

TY - JOUR
AU - jeong seong hoon
AU - 노상수
AU - 이준규
TI - Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission
JO - Asset Management Review
PY - 2018
VL - 6
IS - 1
PB - Institute of Management Research, SungKyunKwan University
SP - 1
EP - 26
SN - 2288-6672
AB - This study examined how the firms Responded to the stock price that have been charged with penalty surcharge by the Fair Trade Commission before and after the date of imposition of penalty surcharge. As an analytical method, we conducted empirical analysis using CAR and BHAR in the event study. The results of the study show that the imposition of penalty surcharge by the Fair Trade Commission has a negative impact on the market. And information on the imposition of penalty surcharge is reflected in the market before the date of the public announcement. However, the impact of the imposition of penalty surcharge on the market was not significant. In the case of specimens that were fined for unfair common action, the CAR increased. Multiple regression analysis was performed by selecting various financial variables with the CAR as dependent variables. The total amount of penalty surcharge was not found to have any significant effect on the CAR. The positive (+) effect of penalty surcharge to total assets and the penalty surcharge of gross profit were analyzed.
KW - Penalty surcharge;Fair Trade Commission;Stock market reaction;Public announcement;Unfair common action
DO - 10.23007/amr.2018.6.1.1
ER -

jeong seong hoon, 노상수 and 이준규. (2018). Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission. Asset Management Review, 6(1), 1-26.

jeong seong hoon, 노상수 and 이준규. 2018, "Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission", Asset Management Review, vol.6, no.1 pp.1-26. Available from: doi:10.23007/amr.2018.6.1.1

jeong seong hoon, 노상수, 이준규 "Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission" Asset Management Review 6.1 pp.1-26 (2018) : 1.

jeong seong hoon, 노상수, 이준규. Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission. 2018; 6(1), 1-26. Available from: doi:10.23007/amr.2018.6.1.1

jeong seong hoon, 노상수 and 이준규. "Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission" Asset Management Review 6, no.1 (2018) : 1-26.doi: 10.23007/amr.2018.6.1.1

jeong seong hoon; 노상수; 이준규. Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission. Asset Management Review, 6(1), 1-26. doi: 10.23007/amr.2018.6.1.1

jeong seong hoon; 노상수; 이준규. Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission. Asset Management Review. 2018; 6(1) 1-26. doi: 10.23007/amr.2018.6.1.1

jeong seong hoon, 노상수, 이준규. Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission. 2018; 6(1), 1-26. Available from: doi:10.23007/amr.2018.6.1.1

jeong seong hoon, 노상수 and 이준규. "Analysis of Corporate Value by Imposition of Penalty Surcharge by Fair Trade Commission" Asset Management Review 6, no.1 (2018) : 1-26.doi: 10.23007/amr.2018.6.1.1