• Management & Information Systems Review
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• v.39 no.3
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• pp.83-98
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• 2020

This study analyzes how investors' irrational behavior (or pessimistic sentiment) affects stock market returns and investors' market activity using mass media that delivered public information from January 1998 to December 2012 as a sample. According to pessimistic investor theory, investor pessimism leads to downward pressure on the price of equity capital, thereby making market sentiment pessimistic and lowering market yields. It also shows that investor pessimism increases transaction costs in the market, which in turn dampens investors' trading activities. In other words, pessimistic reporting on public information disseminated by mass media induces investors to act irrationally, eventually having a direct impact on the stock market. This study conducted an empirical analysis of the existing theoretical and empirical studies using domestic mass media as a sample. First, the study revealed a negative correlation between pessimistic reporting and returns as well as excess returns, while it did not show statistically significant results. Second, evidence has been suggested that pessimistic sentiment in the stock market has a negative impact on future pessimistic reporting by mass media. Third, the analysis of the impact of pessimistic reporting on investors' market activity using proxy variables for various market activities found that pessimism dampens market activity, while it did not show statistically significant results. It is assumed that low statistical significance is due to the fact that sample collection was carried out on a monthly basis. While the results of the study have low statistical significance, statistical signs support predictions of the theory.

• International Commerce and Information Review
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• v.19 no.1
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• pp.279-304
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• 2017

The objective of this study has two filds. The first is to examine the effect of native employee's psychological capital on their pro-social organizational behavior in the context of a local subsidiary in abroad. The second is to investigate the moderation effect of non-native managers' leadership type in the relationships between psychological capital and pro-social organizational behavior. The researcher provides the theoretical research model based on the pro-social capital theory and then empirically tests the model by using a valid 334-case collected from three overseas-affiliated-companies in Philippines. The results show that native employees' psychological capital positively and significantly influences to pro-social organizational behavior. Moreover, non-native managers' type of leaderships has the significant moderation effects in relationships between native workers' psychological capital and pro-social organizational behavior. Specifically, stronger relationships are identified in all of relationships when the managers show transactional, transformational and authentic leaderships. Theoretical contributions and practical recommendations are also discussed based on the results of the study.

• International Commerce and Information Review
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• v.14 no.3
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• pp.75-96
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• 2012

China will replace the global governance of the 21st century in 2050. The rise of China provide the Chinese development model to other developing countries. There are positive element and disability element in China's 'peaceful rise' strategy at the same time. Success of the reform and opening up, market liberalization, economic interdependency, economic globalization, stability of ruling power, consolidation of one-party rule and soft power increase are the promotions of peaceful rise. China's rise as a power nation begins by regaining the superpower status in East Asia. East Asia is a lebensraum assuring a continuing growth to China. For this lebensraum, China shows an interest in institutionalization of regional economic cooperation. The core values of ASEAN, namely the mutual respect, harmonious coexistence, co-prosperity, egalitarianism and pluralism are in conform to China's policy of harmonious world and peaceful coexistence. Through this common value the tension in East Asia will be alleviated. By the regional hegemony strategy based on soft power and economic success, China will try to regain the past glorious position. Attaining status as a coordinator of the world rule will be based on the success of the East Asian strategy. Korea and other neighboring countries will be the best beneficiary countries of the China's rise strategy. China's rising strategy will have a profound effect on neighboring countries especially, Korea. The scale of the movement of goods, labor, and capital between the two countries will become much larger than present. Through regional trade agreements, economic interdependency between Korea and China will increase.

• Korean journal of communication and information
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• v.69
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• pp.71-110
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• 2015

Beyond the technological behaviorism-oriented notion of prosumers, the current study explores the question of digital creative labour of the youth in the interrelated context of post-capitalist crisis and neoliberal ethos of selfhood. This analysis is situated particularly in the social conflicts and struggles in Korea, where the problems related to the precarization of the younger generation have been increasingly aggravated (in the realm of embodied reality) whereas their digital activities have been highly expressive (in the realm of mediated reality). The contradictions embedded in the question of the labour of the youth are delineated in the respect of the subjectivities of young free labour, or 'digital creative labour' in proposed terms: the precarious young free labour in Korea is the compound of social fragmentation, economic polarization, expansion of cognitive and emotion labour, boom of hedonistic consumerism, economic-cultural celebration of creativity and self-entrepreneurship, technological saturation of digital media, subjective/collective affects around excitement and ambition but also of anxiety and fear. The ambivalence and complexity of the young free labour is converged at the emergence of homo-economicus (Michel Foucault) through the subjectivation of the social (con)fusion of post-capitalist crisis and neoliberal governmentality of selfhood.

• Journal of the Korea Society of Computer and Information
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• v.27 no.9
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• pp.91-100
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• 2022

The purpose of this study is to critically review the global intellectual property regime, which has been in full swing since the mid-1990s, from the perspective of postcolonialism. More specifically, by looking at issues which were raised by the Postcolonial Piracy Studies, it attempted to relativize the global IP system. This paper confirmed the postcolonialist view that universal concepts could never be completely universal or pure, and confirmed the non-state legalities view of media piracy as a conduit for participation in the global network through 'porous legalities' concept of Lawrence Liang. Finally, this paper raised the need to understand various relationships between the informal media economy and the formal media economy in a balanced perspective, rather than relying only on the neat dichotomy logic of illegality/legal.

• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.95-125
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• 2009

This paper examines the disciplinary effect of deposits using the semiannual accounting data of mutual savings banks(henceforth 'MSBs') in Korea for the period of 2003 through 2007. I find overall strong evidence in favor of the existence of market discipline in the industry. MSBs with higher BIS ratio and lower NPL ratio turn out to have higher increase rate of deposits than MSBs with lower such ratios. The coefficient of NPL ratio becomes greater with time, suggesting that the effect is cumulative. It turns out that depositors respond more sensitively to NPL ratio than BIS ratio in a period of MSB failure. On the other hand, MSBs turn out to act very positively responding to the depositors' discipline. They increase BIS ratio or decrease NPL ratio following the previous decrease in deposits. Government authorities need to make more efforts to develop a suitable incentive system (e.g. penalties on a false disclosure) to improve the efficiency of disclosure by MSBs. Moreover, they need to acknowledge the importance of NPL ratio as a market disciplinary tool which has been becoming more important, especially in times of MSB failure.

• Convergence Security Journal
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• v.23 no.4
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• pp.101-108
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• 2023

Military organizations have stricter ranks than other organizations, and the age of retirement is lower than that of civil servants in other fields. In a rapidly changing society with a high unemployment rate, it is very important to prepare psychological resources for self-management by improving individual positive strengths throughout life, including job search activities. Various studies are being attempted on positive psychological capital, employment, and productivity that emphasize the strength of positive resources and, from this point of view, contribute to productivity improvement. In this study, the effect of the positive psychological capital of discharged soldiers on their will to re-employment was investigated through questionnaires targeting actual veterans. As a result, it is found that hope, self-efficacy, resilience, and optimism influenced the will to re-employment in the order.

• The Journal of the Convergence on Culture Technology
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• v.9 no.2
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• pp.215-220
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• 2023

Network technology used as a physical interface to retrieve, store, and exchange data is leading the era of data capitalism in the 21st century. The capacity of network technology dominates almost all communication in everyday life, and makes social understanding and experiences in the physical world visible in cyberspace. The movements of human bodies and objects in cyberspace are placed in a social context. This paper paid attention to these phenomena and examined the cases of activism that raised real problems through cyberspace. In particular, the focus of the study is the digital activism of the Electronic Disturbance Theater, which combines critical art and thinking for democracy with the realm of information and demonstrates aesthetic imagination. The first chapter of the main body briefly outlines the meaning activism as a social movement in cyberspace. The second chapter looks back on the alternatives of <FloodNet>, which represents the early activism performance of EDT. And then in the last chapter, the poetic significance of the <Transborder Immigrant Tool> is analyzed. Through this process, this paper demonstrates that the activism performance of the EDT is a critical aesthetics that encourages imagination for alternatives. It also argues that Electronic Disturbance Theater has contemporary value as an avant-garde art that actively utilizes the medium of network technology and integrates performance art and politics.

• Journal of Korean Library and Information Science Society
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• v.33 no.1
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• pp.211-245
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• 2002

After division of Germany, East Germany was established as a socialistic nation. The new socialistic nation needed new systems in many different areas such as political, social, educational and cultural. In the new political system based on socialistic ideology the administrative organization and political parties used the academic libraries as a political instrument. Thus the members of the political parties exercised socialistic ideology on the management of the libraries. For example, in the anointment of the library directors, in the education and training of librarians, In the collecting development policy, in managing the seditious materials etc the influence of socialism can be seen.

• Korea journal of population studies
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• v.32 no.3
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• pp.173-199
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• 2009

여성주의 경제학자와 사회학자들은 부모의 아동양육시간이 여성과 아동의 경제적 복지에 미치는 중요한 함의에 대해 강조해왔다. 사회가 가족이 아동을 양육하는데 더 큰 지원을 제공해야 한다는 부모의 목소리가 커지고 있지만, 정작 어느 정도의 시간 자원이 아동을 양육하는데 투입되는지에 관해 연구된 바가 거의 없다. 기존의 연구들은 전체 생산 경제에서의 무급 노동의 경제적 가치의 비중에 초점을 두었다. 본 연구는 2004년 한국생활시간조사를 사용해 아동 양육에 투입된 부모의 시간을 추정하고 그 시간의 금전적 가치를 추정하는 것이 목적이다. 부모가 아동양육을 위해 투입한 시간의 경제적 가치는 시장 노동을 통해 벌어들인 소득에 비교해 볼 때 상당한 비중을 차지하고 있다. 아동이 소비하는 재화와 서비스를 생산하는 데 있어 무급 노동의 역할은 시장 노동에 참여하지 않고 있는 사람들에게 특히 중요하다. 아동을 양육하는 모의 노력은 대개 무급 노동의 형태를 띠고 있는데, 부모의 시장노동만큼이나 아동 복지를 향상시키는데 기여하고 있다. 전체 경제 차원에서의 무급 노동의 비중과 그 경제적 가치에 대한 연구 성과들과 별개로, 부모의 아동 양육 시간의 비중과 경제적 가치의 추정은 전체 경제 가운데 인적 자본부문에 대한 무급 노동의 경제적 역할에 대해 중요한 정보를 제공한다.