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The Impact of Electronic Voting System on Earnings Persistence and Corporate Value

  • Industry Promotion Research
  • Abbr : IPR
  • 2024, 9(3), pp.1-11
  • DOI : 10.21186/IPR.2024.9.3.001
  • Publisher : Industrial Promotion Institute
  • Research Area : Interdisciplinary Studies > Interdisciplinary Research
  • Received : May 20, 2024
  • Accepted : June 20, 2024
  • Published : July 31, 2024

Hyun-Gu Kang 1 SUNPIL HWANG 1 Sung-Yong Ryu 1

1순천향대학교

Accredited

ABSTRACT

At shareholders' meetings, minority shareholders are inferior in information to owners and majority shareholders, and they are often excluded from important decision-making. As a result, the rights and interests of minority shareholders are often damaged, which acts as a factor that hinders corporate value. The electronic voting system is expected to encourage minority shareholders to participate in management decision-making, which is expected to help increase corporate value. The results of the analysis in this study are summarized as follows. First, it was found that there was no difference between the earnings persistence of companies that introduced the electronic voting system and the earnings persistence of companies that did not. Second, we found no evidence that the introduction of the electronic voting system would increase the value of firms. Third, the effect of earnings persistence on corporate value of companies that adopted the electronic voting system was no different from that of firms that did not adopt it.

Citation status

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