References
- Borde, S. F., J. Madura and A. Akhigbe (1998), "Valuation Effects of Foreign Divestitures", Managerial and Decision Economics, 19(2), 71-79. https://doi.org/10.1002/(SICI)1099-1468(199803)19:2<71::AID-MDE866>3.0.CO;2-#
- Bowman, R. G. (1983), "Understanding and Conducting Event Studies", Journal of Business Finance & Accounting, 10(4), 561-584. https://doi.org/10.1111/j.1468-5957.1983.tb00453.x
- Brown, S. J. and J. B. Warner (1980), "Measuring Security Price Performance", Journal of Financial Economics, 8(3), 205-258. https://doi.org/10.1016/0304-405X(80)90002-1
- Brown, S. J. and J. B. Warner (1985), "Using Daily Stock Returns: The Case of Event Studies", Journal of Financial Economics, 14(1), 3-31. https://doi.org/10.1016/0304-405X(85)90042-X
- Chae, Hyung-Sik (2008), A Study of Korean Companies on Furtive Withdrawal from China (Master's Thesis), Daegu, Korea: Keimyung University.
- Choi, Myung-Hyun, Woo-Jin Lee and Min-Soo Kim (2000), "The Comparison Between KSE and KOSDAQ", Journal of Korean Security Academy, 2000(2), 275-295.
- Coakley, J., T. Hardy and Han-Min Wang (2008), "The Short-Run Wealth Effects of Foreign Divestitures by UK Firms", Applied Financial Economics, 18(3), 173-184. https://doi.org/10.1080/09603100601018831
- Cooney, M. R., F. Finn and A. Karl (2004), "Australian Divestiture Activity: An Examination of Gains to Sell-off Announcements", Australian Journal of Management, 29(1_suppl), 135-152. https://doi.org/10.1177/031289620402901S06
- Chung, Chune-Young, Jong-Hyeon Lee and Jin-Woo Park (2014), "Are Individual Investors Uninformed? Evidence from Trading Behaviors by Heterogeneous Investors Around Unfaithful Corporate Disclosure", Asia-Pacific Journal of Financial Studies, 43(2), 157-182. https://doi.org/10.1111/ajfs.12043
- Chung, Chune-Young, Joo-Hwan Kim and Jin-Woo Park (2017), "Individual Investor Sentiment and IPO Stock Returns: Evidence from the Korean Stock Market", Asia-Pacific Journal of Financial Studies, 46(6), 876-902. https://doi.org/10.1111/ajfs.12199
- Fama, E. F., L. Fisher, M. C. Jensen and R. Roll (1969), "The Adjustment of Stock Prices to New Information", International Economic Review, 10(1), 1-21. https://doi.org/10.2307/2525569
- Hwang, Jae-Han (2006), "Change of Policies for Foreign Direct Investment in China and Its Countermeasure", Journal of North Asian Economic Studies, 18(3), 1-26.
- Im, Hye-Joon (2007), "Implications of Korean Foreign Direct Investment in China on Its Trade Balance: Evidence from Korean Subsidiaries Survey Data", Journal of Korea Trade, 11(1), 1-19.
- Ittner, C. D. and D. Oyon (1993), "The Market Response to South African Disinvestment", International Journal of Management, 10(2), 12-34.
- Jon, Kyong-Tae (2002), "The Issue & Countermeasure of FDI in China in the Case of Korean Firms", Journal of Social Sciences, 21(2), 131-156.
- Kim, Ki-Hyun (1995), "The Effect of Voluntary Foreign Selloffs on Shareholder Wealth", International Management Studies, 6(1), 131-149.
- Kim, Ki-Hyun (2006), "Change of Investment Environment in China and its Countermeasure", Korean-Chinese Social Science Studies, 7, 2-25.
- Kim, Kyung-Soon, Jin-Woo Park, Chune-Young Chung and Jin-Hwon Lee (2012), "Is Stock Split a Manipulation Tool? Evidence from the Korean Stock Market", Asia-Pacific Journal of Financial Studies, 41(5), 637-663. https://doi.org/10.1111/j.2041-6156.2012.01086.x
- Kim, Soo-Jung and Young-Gon Cho (2010), "Valuation Effects of Foreign Divestment by KOSDAQ-Listed Firms", Journal of Korea Trade, 35(3), 115-140.
- Kim, Yong-Soo (2009), The Valuation Effects of Foreign Divestment by Korean Firms (Master's Thesis), Seoul: Sookmyung University.
- Lee, Doo-Won and Hyeon-Seung Huh (2009), "Economic Impact of Korea's Outward FDIs into Developed and Developing Economies Across Industries", Journal of Korea Trade, 13(2), 75-88.
- Lee, Hyun-Hoon and R. S. Rajan (2011), "Foreign Direct Investment in the APEC Region: The Role of Country Risks", Journal of Korea Trade, 15(3), 89-123.
- Lee, Myung-Yong (2008), "The Change of China's Legal Environment and its Countermeasure", Hyundai Research Institute.
- Lee, Soo-Dong (2009), "The Background and Implication of Korean Firm's Abnormal Divestment in China", Gyeonggi Research Institute Policy Brief, 1-19.
- Lee, Yoon-Ji (2012), The Analysis of Success and Failure about Korean Enterprise's Direct Investment to China (Master's Thesis), Seoul: Kyunghee University.
- Liu, Chang, Chune-Young Chung, Hong-Kee Sul and Kai-Nan Wang (2018), "Does Hometown Advantage Matter? The Case of Institutional Blockholder Monitoring on Earnings Management in Korea", Journal of International Business Studies, 49(2), 196-221. https://doi.org/10.1057/s41267-017-0093-9
- Mathur, I., K. C. Gleason and M. Singh (2006), "Did Markets React Efficiently to the 1994 Mexican Peso Crisis? Evidence from Mexican ADRS", Journal of Multinational Financial Management, 8(1), 39-48. https://doi.org/10.1016/S1042-444X(98)00016-4
- Mishikin, F. F. and A. D. Maison (2004), Does Inflation Matter? (NBER Working Paper, No. 10545), Cambridge, MA: National Bureau of Economic Research, 18-28.
- Nai, R. (2015), A Study on Foreign Direct Divestment by Korean Firms from China (Master's Thesis), Seoul: Kyunghee University.
- Kim, Eun-Young (2011), A Study on Utilization of Export Assistance Programs for SMEs and Their Exportation Performance (Master's Thesis or Doctoral Dissertation), Daejeon, Korea: Hannam University.
- Petersen, M. A. (2009), "Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches", The Review of Financial Studies, 22(1), 435-480. https://doi.org/10.1093/rfs/hhn053
- Qin, Jin-Ha (2008), A Study on the Issues of Withdrawing Investment from China by Korean Enterprise (Master's Thesis), Busan, Korea: Dong-A University.
- Seo, Min-Kyo (2008), "Do Korean Firms' Foreign Divestments Increase Shareholder Wealth?", International Business Review, 12(1), 29-48. https://doi.org/10.21739/IBR.2008.03.12.1.29
- Seo, Min-Kyo and Hyun-Chul Lee (2005), "The Wealth Effect on Stock Holder in the Foreign Divestment of Korean Firms", International Business Review, 9(1), 151-172. https://doi.org/10.21739/IBR.2005.06.9.1.151
- Seon, Jung-Hoon and Ji-Soo Lee (2015), "A Comparison of Price Efficiency Between Korean New Market and Main Board", Korean Journal of Futures and Options, 23(3), 421-437.
- Shao, Q. (2011), A Study on the Abnormal Divestment of Korean Manufacturing Firms in China: Focus on Qingdao Area (Master's Thesis), Seoul: Sookmyung Women University.
- Sul, Won-Silk and Young-Joo Kim (2009), "The Valuation Effects of Foreign Divestment by Korean Firms", Korean Journal of Business Administration, 22(4), 2139-2159.
- Wang, Jing-Hao (2016), A Study on the Advance of Korean Small-Sized Enterprises into Chinese Market (Master's Thesis), Daejeon, Korea: Hannam University.
- Yi, Ka-Youn, Kyung-In Park and Ting-Ting Yu (2013), "Market Reaction to Announcement of Foreign Divestment by Korean Firms in China", Korean Journal of Business Administration, 26(3), 549-566.
- Yoo, Seung-Ho and Chang-Yong Lee (1999), "Market Response to Divestment of Korean Firms", Korean Journal of Financial Studies, 5(1), 49-74.
- Zhao, L. J. (2015), A Study on Korean U-Turn Policy Implications for China-based Korean Firms (Master's Thesis), Jeonju, Korea: Jeonju University.