• Title/Summary/Keyword: Agency Conflicts

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The Effects of Foreign Ownership on Firm Value (외국인 투자비중이 기업가치에 미치는 영향)

  • Kim, Pyung-Kee
    • Management & Information Systems Review
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    • v.28 no.2
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    • pp.113-134
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    • 2009
  • The purpose of this paper is to investigate the relationship between foreign ownership and firm value. Based on the sample of 3,398 firm-year observations in the period of 2000 to 2007, we find evidence that foreign ownership is positively associated with firm value measured by the market-to-book ratio. In addition, we employ simultaneous equation system where both foreign ownership and firm value are treated as endogenous variables. Simultaneous regression models indicate that the foreign ownership affects firm value, but not vice versa. The positive effects of foreign ownership on firm value result from monitoring and disciplining roles played by foreign investors. Many Korean firms have been run by an owner-manager while monitoring provided by institutional equity holders has been limited. Therefore, Korean firms are expected to suffer from more severe agency costs caused by the conflicts of interest between owner-managers and outside investors. Our empirical results support the notion that foreign investors play an important role in enhancing corporate transparency and improving corporate governance.

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Improvement of Elevator Management System after Completion (준공 이후 승강기 관리체계 개선에 관한 연구)

  • Cho, Young-Jun
    • Journal of the Korea Institute of Building Construction
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    • v.16 no.5
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    • pp.455-461
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    • 2016
  • To operate a large structure or a high-rise building, elevator is essential. Nevertheless, elevator breakdowns or accidents have been consistently reported. When the accidents are not serious, the records are not reported and cumulated in the Korea Elevator Safety Agency. Additionally, in case of replacement or repair of the parts of elevator, conflicts about the person responsible for the expense of the replacement or repair are frequently occurred. However the record of accidents is not decreasing and the conflict about the fund of elevator repair is serious. So, it is needed to reduce the elevator accidents or malfunction, the operation stop of the elevator, the conflict between building owners and users. Therefore, in this study, the elevator maintenance procedures during defect liability period, the notification procedure in case of breakdown or accident elevator, the direction of elevator maintenance contracts, the direction of the elevator inspection were suggested.

An Exploratory Study of Collective E-Petitions Estimation Methodology Using Anomaly Detection: Focusing on the Voice of Citizens of Changwon City (이상탐지 활용 전자집단민원 추정 방법론에 관한 탐색적 연구: 창원시 시민의 소리 사례를 중심으로)

  • Jeong, Ha-Yeong
    • Informatization Policy
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    • v.26 no.4
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    • pp.85-106
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    • 2019
  • Recently, there have been increasing cases of collective petitions filed in the electronic petitions system. However, there is no efficient management system, raising concerns on side effects such as increased administrative workload and mass production of social conflicts. Aimed at suggesting a methodology for estimating electronic collective petitions using anomaly detection and corpus linguistics-based content analysis, this study conducted the followings: i) a theoretical review of the concept of collective petitions, ii) estimation of electronic collective petitions using anomaly detection based on nonparametric unsupervised learning, iii) a content similarity analysis on petitions using n-gram cosine angle distance, and iv) a case study on the Voice of Citizens of Changwon City, through which the utility of the proposed methodology, policy implications and future tasks were reviewed.

Mediating Effects of Burnout in the Association Between Emotional Labor and Turnover Intention in Korean Clinical Nurses

  • Back, Chi-Yun;Hyun, Dae-Sung;Jeung, Da-Yee;Chang, Sei-Jin
    • Safety and Health at Work
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    • v.11 no.1
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    • pp.88-96
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    • 2020
  • Background: The current lack of the number of nurses and high nurse turnover rate leads to major problems for the health-care system in terms of cost, patient care ability, and quality of care. Theoretically, burnout may help link emotional labor with turnover intention. The purpose of this study was to investigate the mediating effect of burnout in the association between emotional labor and turnover intention in Korean clinical nurses. Methods: Using data collected from a sample of 606 nurses from six Korean hospitals, we conducted a multiple regression analysis to determine the relationships among clinical nurses' emotional labor, burnout, and turnover intention, looking at burnout as a mediator. Results: The results fully and partially support the mediating role of burnout in the relationship between the subfactors of emotional labor and turnover intention. In particular, burnout partially mediated the relationship between emotional disharmony and hurt, organizational surveillance and monitoring, and lack of a supportive and protective system in the organization. In addition, we found that burnout has a significant full mediation effect on the relationship between overload and conflicts in customer service and turnover intention. Although the mediating effect of burnout was significantly associated with the demands and regulation of emotions, no significant effects on turnover intention were found. Conclusion: To reduce nurses' turnover, we recommend developing strategies that target both burnout and emotional labor, given that burnout fully and partially mediated the effects of emotional labor on turnover intention, and emotional labor was directly associated with turnover intention.

Possibility of Expanding Citizen's Participation in Information Network Village (정보화마을사업 추진에서 주민참여의 확대가능성 모색 방안 연구)

  • Park, Youngmin;Seo, Jinwan
    • Informatization Policy
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    • v.22 no.2
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    • pp.35-56
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    • 2015
  • The study tried to explore the possibility of expanding citizen's participation in the case of Information Network Village(INVIL) with consideration of their different participation levels. As major players, central and local governments, INVIL itself, Central INVIL Committee and so forth have worked for the INVIL project and their importance levels of now and future were questioned and evaluated in the analysis. As a result, INVIL itself is regarded as the most important player for now and futrue as well. Central and local governments are also important to support the sustainability of this project. For future direction of INVIL project to be successfully sustainable, the specific roles of central and local governments were discussed and recommended to reduce explicit and potential conflicts among major players.

A Study of a New Direction of Internet Addiction Convergence Policy through the New Institutionalism's Point of View (신제도론의 관점에서 본 인터넷 중독 융합정책의 새로운 방향에 대한 연구)

  • Koh, Young-Sam
    • Journal of Digital Convergence
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    • v.15 no.3
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    • pp.39-46
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    • 2017
  • This study investigates the problems resulting from the Internet addiction policy management in South Korea and discusses a direction for rational policies by developing a system that facilitates interactive discussions among interest individuals and groups. The Korean society has experienced conflicts of interests among the government, the private sector and civil society in the policy. In addition, heightened competition among government ministries has led the Internet addiction policy management to be susceptible to how citizens respond to the claims of interested parties, thereby having the rationality of the policy management less count. To address these issues, this study investigates the current Internet addiction policy and explores the potential of new governance from a perspective of new institutionalism. This study suggests that the system of the Internet addiction policy should be restructured to transfer control over the policy from the central to local government and develop governance centered on the consensus of the government, the private sector, and civil society.

Journey to 'Imagined History' by 'The detective of Gyeongseong, Lee-sang' ('경성탐정 이상'의 '상상된 역사'로의 여행)

  • Kang, Hyekyung
    • The Journal of the Convergence on Culture Technology
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    • v.6 no.1
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    • pp.263-267
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    • 2020
  • In the Japanese colonial period of Korean history, appropriate conclusion often overwhelmed the historical imagination, and also pointed out that it shows a similar pattern in spite of the history detective novel genre that emerged with pointing out the limitations of modern history. Historical facts showing in , the legitimacy of independence based on nationalism, and modern civilization are well known in the historical and cultural contents of the Japanese colonial period. It is the reason why applied in historical and cultural contents, as the history as is for current desire of the public to the imaginary community(nation), and as the history which current social conflicts are reflected. History, historical facts and fiction are intermingled in the contents of history, and it is creating a new 'historical imagination'. As a matter of fact, there is only one fact of the past, but the historical imagination of historical and cultural contents is diverse as there is not one historical fact made by historians. History has not yet gone to the imagination for the future, but writing history through historical and cultural contents will create a 'history of possibilities'.

A Study on the Substantial impact of US high rate tariff policy on the Korean companies -Based on analysis of Article 301 of the US Trade Law -

  • Nam, Seon Mo
    • International Journal of Advanced Culture Technology
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    • v.7 no.4
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    • pp.63-68
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    • 2019
  • Recently, the United States and China have declared a 25% retaliatory tariff for the partner country products of 50 billion dollar scale. "Trade war" is getting full swing. Such conflicts between economic powers may spread to Japan like the domino phenomenon following the EU (European Union) and become bigger in the global trade war. As a result, Korea has an economic system with a high degree of external dependence, and there is an expert's analysis that it will become the largest victim of the global trade war. If the WTO Dispute Settlement Authority approves this US 301 retaliation measure in the same way as the past case (US-EU hormone-treated beef imports), the United States will not import any Chinese imported products Chinese products) can be imposed. If the US launches a special 301 or super 301, which is stronger than the regular 301, then China is very likely to enforce US retaliation against it, and the trade war between the two countries could become a reality. This phenomenon is likely to have a negative impact on Korean companies. In particular, Korea, which is highly reliant on intermediate goods exports to China, is expected to suffer a great deal of damage. Therefore, Korea needs flexible response at home and abroad, it is necessary to enhance the autonomy of companies and protect export industries. Adjusting corporate tax rate as well as domestic industry height will be one way. The long-term (21 months) trade war between the United States and China has resulted in economic uncertainty. The resulting damage must be compensated. It is necessary to prepare the compensation through the economic council between countries. In the future, the punitive damage compensation system should be introduced.

Effects of Work-Related Stress on Work Ability Index among Iranian Workers

  • Gharibi, Vahid;Mokarami, Hamidreza;Taban, Abrahim;Aval, Mohsen Yazdani;Samimi, Kazem;Salesi, Mahmood
    • Safety and Health at Work
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    • v.7 no.1
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    • pp.43-48
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    • 2016
  • Background: Work Ability Index (WAI) is a well-known and valid self-report tool that has been widely used in various studies to identify and avoid early retirement and work-related disability. Nevertheless, very few studies have been carried out to evaluate work ability in Iran. We aimed to investigate the WAI and the effect of work-related stress on it among Iranian workers. Methods: A cross-sectional, descriptive and analytic study was carried out among 449 workers from five working sectors in three big cities of Iran. Work ability and work-related stress were measured using the Persian version of WAI and the Persian version of Health and Safety Executive Stress Indicator Tool. Results: More than a third of the workers surveyed (34.70%) did not have an appropriate level of work ability (WAI < 37). There was a significant correlation between subscales of work-related stress and the mean score of WAI. Furthermore, the variables of body mass index, sleep quality, exercise activity, job tenure, and three subscales of work-related stress including demands, supervisor support, and role were significant predictors of WAI. Conclusion: According to the results of this study, the interventional programs must be focused on improving supervisors support, eliminating ambiguity and conflicts in the role of workers in their job and organization, reducing job demands, improving sleep quality, and increasing exercise activity.

Representation of History and Resistance - Focused on and ('일제 강점기 영화'의 역사와 저항의 재현 -<암살>과 <동주>를 중심으로)

  • Kwon, Eunsun
    • The Journal of the Convergence on Culture Technology
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    • v.5 no.3
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    • pp.185-190
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    • 2019
  • Historically, the representation of the colonial period has responded closely to the policies and political conditions of the time. The Korean blockbuster , which links the genealogy of Manchuria Western, adopts a safe nationalism frame, upgrading the genre's narrative typology to colorful action and spectacle, including the Japanese army, the Liberation Army, the good and evil, and the confusion of identity. On the other hand, , which deals with the friendship of the poet and the warrior, treats the mental and internal struggles implied by the power of poetry, without resorting to familiar nationalism and heroism. is a thorough genre of rules. If the visual and sensual pleasures of imaginative resilience beyond the bounds of the law are provided within the Rules, inevitably seeks resistance within the colonial empire's legal system. Political, diplomatic, and economic conflicts between Japan and Korea, which have been continuing until recently, reaffirm the framework of nationalism on the screen.