All Outputs (2)

Does the productivity of labor influence credit risk? new evidence from South Korea (2018)
Journal Article
Lim, H., & Mali, D. (2020). Does the productivity of labor influence credit risk? new evidence from South Korea. Asia-Pacific Journal of Accounting and Economics, 27(3), 280-299. https://doi.org/10.1080/16081625.2018.1540937

Using a sample of 1,666 Korean KRX listed firm observations, we find a positive relation between the productivity of labor in period t and credit ratings in period t+1, suggesting that firms that use the least amount of input (labor) to achieve outpu... Read More about Does the productivity of labor influence credit risk? new evidence from South Korea.

Does relative efficiency matter? An analysis of market uncertainty (2018)
Journal Article
Lim, H., & Mali, D. (2018). Does relative efficiency matter? An analysis of market uncertainty. Investment Analysts Journal, 47(2), 127-148. https://doi.org/10.1080/10293523.2018.1466491

In this paper, we examine whether relative efficiency provides useful information for investment decisions. We find that efficient firms have lower levels of stock price volatility compared to inefficient firms. The results suggest that market partic... Read More about Does relative efficiency matter? An analysis of market uncertainty.