Conclusion

Abstract

Based on the previous three chapters, this chapter will draw some conclusions on the rise of shareholder activism in Korea. As Chapter 1 elaborates, there are three interconnected but separate levels of ‘emergence’ which a researcher will have to investigate: (1) how a potential activist group which has not previously used shareholder activism gets to grips with it; (2) what makes it continue, or even boost, its shareholder activism; and (3) how shareholder activism increases steadily on an aggregate level. The first section will answer the three questions based on the findings previously made. The second section will discuss implications for scholars, policymakers and managers with regard to shareholder activism and corporate governance in general.