Essays on Business Groups and the Judiciary in South Korea
ESSAYS ON BUSINESS GROUPS AND THE JUDICIARY IN SOUTH KOREA by Hansoo Choi B.A. in Economics, Seoul National University, 1996 M.A. in Economics, University of Pittsburgh, 2011 Submitted to the Graduate Faculty of the Kenneth P. Dietrich School of Arts and Sciences in partial fulfillment of the requirements for the degree of Doctor of Philosophy University of Pittsburgh 2014 UNIVERSITY OF PITTSBURGH DIETRICH SCHOOL OF ARTS AND SCIENCES This dissertation was presented by Hansoo Choi It was defended on May 6, 2014 and approved by Thomas Rawski, PhD, Professor of Economics Luca Rigotti, PhD, Associate Professor of Economics Werner Troesken, PhD, Professor of Economics Kevin Morrison, PhD, Assistant Professor of GSPIA Dissertation Advisor: Thomas Rawski, PhD, Professor of Economics Luca Rigotti, PhD, Associate Professor of Economics ii ESSAYS ON BUSINESS GROUPS AND THE JUDICIARY IN SOUTH KOREA Hansoo Choi, PhD University of Pittsburgh, 2014 Copyright © by Hansoo Choi 2014 iii ESSAYS ON BUSINESS GROUPS AND THE JUDICIARY IN SOUTH KOREA Hansoo Choi, PhD University of Pittsburgh, 2014 The first chapter explores how the size of a corporation undermines a court’s willingness to mete out tough sentences to corporate criminals, employing a unique dataset of Korean white- collar offenders. I find that the Korean judiciary displays a strong bias towards chaebols, family business groups: the likelihood that convicted chaebol-related defendants receive suspended jail sentences rises compared to that of convicted non-chaebol counterparts. The finding further shows that a greater bias can be observed for the top 10 business groups than for any of the lower ranking chaebols.
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