워킹 페이퍼Working Paper Media Management SSCI

Ownership Governance and Long-Term Investment in Creative Industries: A Comparative Study of Two Leading Korean Media Firms

Kim, Y. (Co-Author)

Sage Open (Revision Under Review) (2026)

영향력 지수Impact Factor: 2
분위Quartile: Q2

초록Abstract

Creative industries demand sustained, risk-tolerant investment whose payoffs arrive on horizons that strain conventional governance. Through a comparative study of two leading Korean media firms with contrasting ownership structures, this paper examines how ownership governance shapes the capacity to commit to long-term content and infrastructure investment, linking governance design to the sustainability of creative production.

키워드Keywords

Ownership Governance
Long-Term Investment
Creative Industries
Media Firms
Korea
Comparative Case Study

연구 방법Methodology

연구 분야Research Areas: Media Management · Corporate Governance
방법론Methodology: Comparative Case Study · Financial Statement Analysis

Overview

Why do some media firms keep investing through downturns while others retrench? Comparing two leading Korean media companies whose ownership structures diverge, this study traces how governance arrangements — concentrated versus dispersed ownership, and the accountability structures around them — translate into different long-term investment behavior in content and creative capacity.

Status

Current Status: Invited revision submitted (August 2026); under review Journal: Sage Open (SSCI) Author Role: Co-author