Title: Outside director appointment in Korean business groups: the role of stakeholder networks

Authors: Noolee Kim; Diane Y. Lee; Woojin Yoon

Addresses: College of Business and Economics, Hanyang University – ERICA, Ansan-si, Gyeonggi-do, 426-791, Korea ' Korea Corporate Governance Service, 76, Yeouinaru-ro, Yeongdeungpo-gu, Seoul 150-977, Korea ' College of Business and Economics, Hanyang University – ERICA, Ansan-si, Gyeonggi-do, 426-791, Korea

Abstract: This study sets out to explain what determines the appointment of outside directors in Korean business groups. Building on the extant theoretical literature on social network theory, the effect of stakeholder networks on the appointment of outside directors in Korean business groups is examined. With the assumption that a firm's social network, which is comprised of the firm's stakeholders, affects the appointment of outside directors, testable research propositions are presented.

Keywords: outside directors; business groups; South Korea; social networks; social network theory; stakeholders; outside appointments; stakeholder networks.

DOI: 10.1504/IJMNE.2014.060870

International Journal of Management and Network Economics, 2014 Vol.3 No.2, pp.169 - 180

Available online: 01 May 2014 *

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