• Journal of Environmental Policy
• /
• v.6 no.4
• /
• pp.103-127
• /
• 2007

This study presents the political economics models to explore the political landscape of special interest groups influencing the government's decision making process for implementing international environmental standard. Starting with the popular menu-auction types of lobbying frameworks in the literature, the study extends its scope of research to multi-principal and multi-agency based international interest group politics and its hybrid case in order to bring the interaction of the relevant interest politics to the fore. Within a specific factor model of international trade between 2 small open economies, we compare the political equilibrium environmental standards in different institutional frameworks which can be feasible in the sense of recently growing role of environmental interest group. Although the conventional finding suggests that cooperative bargaining between the two countries can attain the globally optimal level of the standard, the paper rather explains that the cooperation between the national interest groups and the hybrid case also generate the stricter standard then national interest politics usually do.

• Korean System Dynamics Review
• /
• v.5 no.1
• /
• pp.5-33
• /
• 2004

This study explores how agents would make decisions responding to control mechanism in contractual relationship of their firm. Focusing on agent's averse behavior against control, system dynamics model for agent's opportunistic behavior is developed in view of agent theory and control theory. This SD model shows that control mechanism by contracts doesn't always play a positive role on corporate decision-making process and Control, especially in the over-controlled contracts, often makes a paradox accelerating agent's opportunistic behavior unexpectedly. This paradox provides us both theoretical and practical implications for the relationship between control mechanism and autonomous behavior for sustainable corporate management.

• Korean small business review
• /
• v.39 no.1
• /
• pp.1-39
• /
• 2017

The first generation of the business that had been founded in 1960~1970s faces the situation to consider the succession of the family business developed by devotion of their whole lives in the critical timing to the next generation. In the process of selecting the party of family business succession, it is required to consider a variety of succession types including smooth transfer to the other family member or the employee of the company, selling the company, or hiring external specialist. Foreign countries acknowledge the importance of the succession in the family owned company to perform multiple studies on the influential factors to the succession, distinction, and types of family business succession; and they utilize the results for the related policy development and the support of family owned business succession. However, few studies have been conducted on the succession of the domestic family owned business and majority of them are related to the types of succession. Considering its share and influential power in the domestic economy, it is necessary to develop the guideline and the policies to solve many issues on the succession of the family owned business by systemic studies. Hence, the impact of the main characteristics in the family owned business on the types of its succession was analyzed in this study focusing on five domains of Socioemtional Wealth (SEW) in view of Behavioral Agency Theory by Gomez-Mejia et al. (2007) using the data from 540 family owned small-to-medium sized businesses so as to analyze the issues on their business succession. Upon the empirical analysis results, it was confirmed that they were influenced to the selection of succession type by family succession > internal employee succession > external succession, for the variables of social contribution which were non-financial characteristics, internal employee succession > family succession > external succession for the intellectual properties, and family succession > external succession for the management participation of the family. The distinction of social contribution were influenced the most to the selection of the succession types. Financial factors, business performance, and R&D investment variables were not significantly influenced to their selection of the succession types. In case of simultaneous management, the family succession rate was high and it showed the control effect to strengthen selecting family owned business with R&D investment, social contribution, and company history variables. The behavioral agency theory used in this study was confirmed with high explanation power on the family owned business succession. The family owned business showed the tendency to maintain SEW, and non-financial factors such as accumulated know-how and social contribution based on the long term history were significantly affected to the succession in the small-to-medium sized family owned businesses, unlike general large sized listed companies. The results of this study are expected to be helpful practically for the succession of the family owned business and to suggest the guideline for the development of governmental policy.

• Journal of the Korea Society of Computer and Information
• /
• v.27 no.1
• /
• pp.193-200
• /
• 2022

In this paper, we examined the causes of privacy concerns and related factors in social log-in services. On the basis of the 'principal-agent theory,' we established factors such as perceived information asymmetry and fear of seller opportunism affecting information privacy concern of social log-in services users. In addition, we analyzed the relationship between the information privacy concern and intention to use on the basis of the 'privacy calculus theory'. The results of the study showed that (1) fear of seller opportunism had the significant effect on information privacy concerns, (2) information privacy concerns had the significant effect on perceived risk, (3) in accordance with the privacy calculus theory, perceived risk had the negative effect on intention to use, while perceived benefit had the positive effect on intention to use. The findings of the study are expected to help to improve the social log-in service firms' understanding for customers' information privacy protection behaviors.

• Review of KIISC
• /
• v.21 no.5
• /
• pp.21-26
• /
• 2011

최근 들어 인터넷사업자들이 웹상에서 제공하는 새로운 서비스가 각국의 개인정보보호 법제에 저촉되는 사례가 늘고 있다 인터넷사업자들이 국경을 넘어 정보를 수집하고 이를 가공처리, 저장하는 과정에서 본인의 동의를 얻지 않거나 개인정보를 익명처리하지 않은 것이 주로 문제가 되고 있다. 본고는 국제적으로 서비스를 하고 있는 대형 인터넷사업자가 프라이버시 침해 혐의를 받고 있는 사례를 알아보고, 무엇이 문제가 되는지 쟁점을 검토하였다. 특히 현지 감독당국이 글로벌 인터넷사업자의 위법사실을 적발하였더라도 해당 사업자가 대리인이나 분신 도구를 통하여 행동한 사실이 없으면 본사에 제게를 가할 수 없는 실정이다. 사이버공간에서는 실제 위반행위자가 없더라도 중대한 개인정보를 침해하는 결과를 가져온다면 영화 <아바타>에서와 같은 해결방법을 모색해볼 수 있다. 아바타는 독자적인 사고나 판단능력이 전혀 없지만, 나비족이 사는 낙원이 지구인에 의하여 파괴될 수 있는 상황에서 아바타와 이를 조종하는 사람들이 한 몸이 되어 나비족과 힘을 합쳐 아름다운 낙원을 지켜낸다. 즉, 인터넷사업자가 국내 실재하지 않더라도 그의 활동결과로 볼 수 있는 침해행위가 발생하고, 그 결과 회복할 수 없는 피해가 발생할 우려가 있으며, 본인과 아바타를 한 몸으로 볼 수 있다면 아바타를 통해 위법행위를 저지른 본사의 책임자를 처벌할 수 있어야 한다. 만일 그 책임자를 특정할 수 없더라도 그의 감독책임이 있는 본사 법인에 책임을 물을 수 있다고 본다. 만일 법원에서 이러한 '아바타 이론'을 수용한다면 국내에서도 외국 본사에 벌금을 과하는 등 처벌이 가능할 것이다. 다만, 해당 인터넷사업자의 반발도 만만치 않을 것이므로 주요국 개인정보 감독기구는 수사정보를 교환하는 등 국제적으로 긴밀한 협조체제를 갖출 필요가 있다.

• Environmental and Resource Economics Review
• /
• v.23 no.4
• /
• pp.643-665
• /
• 2014

We study the optimal policy of the contracual arrangement in raising the debt-to-equity ratio for oil, gas and mining project finance deals. We investigate the impact of the optimal contractual relationship between counterparties on the soundness of projects, differing in output price volatility and country risk. Key findings are: first, the existence of EPC sponsors and off-takers generally raises the debt-to-equity ratio. In particular, EPC sponsors and off-taking sponsors jointly mitigate the credit risk caused by counntry risk. Seocond, off-taking and EPC contracts jointly help mitigate the credit risk caused by the country risk, rather than the price volatility. Indeed, the contractual structure raises the debt-to-equity ratio.