Low Price-to-Earnings Ratios at Companies with Management Wage Cuts

SEOUL, July 7 (Korea Bizwire) — Companies that have reduced wages for management staff following the coronavirus outbreak are also seeing relatively low price-to-earnings ratios (PER). The Daishin Economic Research Institute conducted a study on the correlation between management wages at 343 companies listed on the stock exchange and PER, based on their 2020 business [...]