Matches in SemOpenAlex for { <https://semopenalex.org/work/W3097328823> ?p ?o ?g. }
Showing items 1 to 90 of
90
with 100 items per page.
- W3097328823 endingPage "305" @default.
- W3097328823 startingPage "283" @default.
- W3097328823 abstract "Abstract Member shares of co‐operatives are hybrid securities in that they have characteristics of both equity and liabilities. Prior studies propose that in order to classify hybrid securities as equity or liabilities, the economic substance of those securities should be considered. This study aims to examine whether the economic substance of member shares can be considered as equity or liabilities. Systematic risk is used as a proxy of economic substance. This study tests whether the proportion of member shares to equity is positively or negatively related to equity betas. If the test shows a negative relation, member shares can be considered to have the economic substance of equity; a positive relation implies that member shares have the substance of liabilities. The results show that the proportion of member shares to equity is significantly negatively related to systematic risk of equity, which means that member shares have equity‐like characteristics. The robustness checks taking into account the tax effect of debt support the findings more strongly that redeemable member shares play an equity‐like role in consumer co‐operatives in South Korea. Although the legal and institutional systems in Korea do not provide member shares of consumer cooperatives with a clear status as equity, member shares still show equity‐like economic substance." @default.
- W3097328823 created "2020-11-09" @default.
- W3097328823 creator A5031677428 @default.
- W3097328823 creator A5056743828 @default.
- W3097328823 date "2020-10-27" @default.
- W3097328823 modified "2023-09-23" @default.
- W3097328823 title "Classification of co‐operative member shares as equity or liabilities: The case of consumer co‐operatives in South Korea" @default.
- W3097328823 cites W1519646388 @default.
- W3097328823 cites W1554946456 @default.
- W3097328823 cites W1894733937 @default.
- W3097328823 cites W1932920447 @default.
- W3097328823 cites W1964983646 @default.
- W3097328823 cites W1972729826 @default.
- W3097328823 cites W1982446035 @default.
- W3097328823 cites W1988334212 @default.
- W3097328823 cites W1993918653 @default.
- W3097328823 cites W1997506932 @default.
- W3097328823 cites W2005118298 @default.
- W3097328823 cites W2029700668 @default.
- W3097328823 cites W2045403630 @default.
- W3097328823 cites W2054691906 @default.
- W3097328823 cites W2061444565 @default.
- W3097328823 cites W2072886036 @default.
- W3097328823 cites W2078713326 @default.
- W3097328823 cites W2080565727 @default.
- W3097328823 cites W2097496180 @default.
- W3097328823 cites W2117455041 @default.
- W3097328823 cites W2124224757 @default.
- W3097328823 cites W2124680157 @default.
- W3097328823 cites W2151029481 @default.
- W3097328823 cites W2152089437 @default.
- W3097328823 cites W2162875582 @default.
- W3097328823 cites W2166215547 @default.
- W3097328823 cites W2167953453 @default.
- W3097328823 cites W2519470767 @default.
- W3097328823 cites W3123444773 @default.
- W3097328823 cites W2093157804 @default.
- W3097328823 doi "https://doi.org/10.1111/apce.12297" @default.
- W3097328823 hasPublicationYear "2020" @default.
- W3097328823 type Work @default.
- W3097328823 sameAs 3097328823 @default.
- W3097328823 citedByCount "0" @default.
- W3097328823 crossrefType "journal-article" @default.
- W3097328823 hasAuthorship W3097328823A5031677428 @default.
- W3097328823 hasAuthorship W3097328823A5056743828 @default.
- W3097328823 hasConcept C10138342 @default.
- W3097328823 hasConcept C143801662 @default.
- W3097328823 hasConcept C144133560 @default.
- W3097328823 hasConcept C149866677 @default.
- W3097328823 hasConcept C162324750 @default.
- W3097328823 hasConcept C17744445 @default.
- W3097328823 hasConcept C178297102 @default.
- W3097328823 hasConcept C186027771 @default.
- W3097328823 hasConcept C199539241 @default.
- W3097328823 hasConcept C199728807 @default.
- W3097328823 hasConcept C556758197 @default.
- W3097328823 hasConcept C71110296 @default.
- W3097328823 hasConceptScore W3097328823C10138342 @default.
- W3097328823 hasConceptScore W3097328823C143801662 @default.
- W3097328823 hasConceptScore W3097328823C144133560 @default.
- W3097328823 hasConceptScore W3097328823C149866677 @default.
- W3097328823 hasConceptScore W3097328823C162324750 @default.
- W3097328823 hasConceptScore W3097328823C17744445 @default.
- W3097328823 hasConceptScore W3097328823C178297102 @default.
- W3097328823 hasConceptScore W3097328823C186027771 @default.
- W3097328823 hasConceptScore W3097328823C199539241 @default.
- W3097328823 hasConceptScore W3097328823C199728807 @default.
- W3097328823 hasConceptScore W3097328823C556758197 @default.
- W3097328823 hasConceptScore W3097328823C71110296 @default.
- W3097328823 hasIssue "2" @default.
- W3097328823 hasLocation W30973288231 @default.
- W3097328823 hasOpenAccess W3097328823 @default.
- W3097328823 hasPrimaryLocation W30973288231 @default.
- W3097328823 hasRelatedWork W1498587888 @default.
- W3097328823 hasRelatedWork W2062019302 @default.
- W3097328823 hasRelatedWork W2165517408 @default.
- W3097328823 hasRelatedWork W2359376029 @default.
- W3097328823 hasRelatedWork W2770450197 @default.
- W3097328823 hasRelatedWork W2771036167 @default.
- W3097328823 hasRelatedWork W3114367733 @default.
- W3097328823 hasRelatedWork W3121624791 @default.
- W3097328823 hasRelatedWork W3126057344 @default.
- W3097328823 hasRelatedWork W628769179 @default.
- W3097328823 hasVolume "92" @default.
- W3097328823 isParatext "false" @default.
- W3097328823 isRetracted "false" @default.
- W3097328823 magId "3097328823" @default.
- W3097328823 workType "article" @default.