In “How Do Capital Structure Policies of Emerging Markets Differ from Those of Developed Economies? Survey Evidence from Korea” by Hongbok Lee, Sekyung Oh, and Kwangwoo Park, published in Emerging Markets Finance & Trade, 50 (2), pp. 34–72, doi: 10.2753/REE1540-496X500203 several errors appeared throughout the article. These errors and the corrected text appear below. The publisher apologizes for these errors.
p. 53, second line: The sentence “Maintaining a target debt ratio is common practice in U.S. and European firms (except French firms), but is less popular at Korean firms” should have read: “Maintaining a target debt ratio is common practice in U.S. and European firms (except French firms), but is less popular relative to Korean firms.”
p. 53, first full paragraph: The sentence “Managers in sixteen European countries regard debt ratio as the second-most important factor for their common stock issuance decisions (Bancel and Mittoo 2004)” should have read: “Managers in sixteen European countries regard this factor as the second-most important factor for their common stock issuance decisions (Bancel and Mittoo 2004).”
p. 63: The sentence “Although the difference is not significant, chaebol firms (1.04) rate this factor higher than do independent firms (0.60)” should have read: “Although the scores are low, chaebol firms (1.04) rate this factor higher than do independent firms (0.60).”
p. 64, first full paragraph: The sentence “Independent firms, large firms, and non–dividend paying firms consider this factor significantly more important than do chaebol firms, small firms, and dividend-paying firms (2.64 versus 1.76, 2.67 versus 1.78, and 3.00 versus 2.09, respectively)” should have read: “Independent firms, large firms, non-dividend-paying firms, and highly leveraged firms consider this factor significantly more important than do chaebol firms, small firms, dividend-paying firms, and low-leverage firms (2.64 versus 1.76, 2.67 versus 1.78, 3.00 versus 2.09, and 2.50 versus 1.82, respectively).”
p. 64, second full paragraph: The sentence “Chaebol firms, large firms, and highly leveraged firms pay significantly more attention to refinancing risk than do independent firms, small firms, and low-leverage firms (2.96 versus 2.33, 2.95 versus 2.46, and 2.94 versus 2.48, respectively)” should have read: “Chaebol firms, large firms, non-dividend-paying firms, and highly leveraged firms pay significantly more attention to refinancing risk than do independent firms, small firms, dividend-paying firms, and low-leverage firms (2.96 versus 2.33, 2.95 versus 2.46, 3.50 versus 2.56, and 2.94 versus 2.48, respectively).”