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Korea has gradually mandated corporate governance reporting by firm size since 2019 and will extend it to all KOSPI-listed companies by 2026. Using panel data on all non-financial KOSPI firms from 2017–2024, this study estimates the causal effe...
This study empirically analyzes the investment value of stock recommendations and target prices issued by Korean stock analysts. Using portfolios constructed from analysts’ recommendations and target prices announced between 2000 and 2024, the ...
Since the outbreak of COVID-19, Korea’s capital market has seen a rapid expansion of its retail investor base, with a growing number of individuals actively investing in overseas assets and structurally shifting from a domestic-equity-centered ...
This study examines the characteristics and market relevance of a Capital Market Sentiment Index (CMSI) constructed by fine-tuned transformer-based large language mode...