Effects of the Financial Crisis on the Wealth Distribution of Korea's Companies

Cited 0 time in webofscience Cited 0 time in scopus
  • Hit : 303
  • Download : 0
We investigated the distribution functions of Korea's top-rated companies during two financial crises. A power-law scaling for rank distribution, as well as cumulative probability distribution, was found and observed as a general pattern. Similar distributions can be shown in other studies of wealth and income distributions. In our study, the Pareto exponents designating the distribution differed before and after the crisis. The companies covered in this research are divided into two subgroups during a period when the subprime mortgage crisis occurred. Various industrial sectors of Korea's companies were found to respond differently during the two financial crises, especially the construction sector, financial sectors, and insurance groups.
Publisher
KOREAN PHYSICAL SOC
Issue Date
2017-02
Language
English
Article Type
Article
Keywords

POWER-LAW; SCALING BEHAVIOR; STOCK-MARKET; INCOME; MODEL

Citation

JOURNAL OF THE KOREAN PHYSICAL SOCIETY, v.70, no.3, pp.236 - 244

ISSN
0374-4884
DOI
10.3938/jkps.70.236
URI
http://hdl.handle.net/10203/223279
Appears in Collection
PH-Journal Papers(저널논문)
Files in This Item
There are no files associated with this item.

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0