• Title/Summary/Keyword: Chinese Capital

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Relative Competitive Strengths of Overseas Chinese Firms in China: Advantages of Homeland Investment (중국투자 화교기업의 상대적 경쟁력: 모국투자의 이점)

  • Kim, Jong-Shik
    • Korean Business Review
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    • v.18 no.2
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    • pp.21-43
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    • 2005
  • Since China opened its market to foreign investors, overseas Chinese firms have been the biggest foreign investors. Because of the uncertain market environment, other foreign finns incurred larger liabilities of foreignness than overseas Chinese finns. Some parts of liabilities of foreignness stem from cultural differences and last for quite long time. Therefore better understanding of Chinese culture and guanxi network can give overseas Chinese finns competitive advantages over those from other countries by offering market information and reducing transaction costs. Also better management skills, information about export markets and abundant capital allow them to maintain competitive strengths over local firms. As foreign firms accumulate market knowledge in China, they can reduce liabilities of foreignness. However, it is very difficult for foreigners to understand Chinese cultures and to utilize guanxi network as well as Chinese. It is likely that Overseas Chines firms can have competitive strengths in some industries such as banking, retailing, and foreign trade, where relationship with local contractors and exploitation of worldwide Chines networks can play important roles to make successful business deals.

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Prognostic Factors Influencing Clinical Outcomes of Malignant Glioblastoma Multiforme: Clinical, Immunophenotypic, and Fluorescence in Situ Hybridization Findings for 1p19q in 816 Chinese Cases

  • Qin, Jun-Jie;Liu, Zhao-Xia;Wang, Jun-Mei;Du, Jiang;Xu, Li;Zeng, Chun;Han, Wu;Li, Zhi-Dong;Xie, Jian;Li, Gui-Lin
    • Asian Pacific Journal of Cancer Prevention
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    • v.16 no.3
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    • pp.971-977
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    • 2015
  • Malignant glioblastoma multiforme (GBM) is the most malignant brain tumor and despite recent advances in diagnostics and treatment prognosis remains poor. In this retrospective study, we assessed the clinical and radiological parameters, as well as fluorescence in situ hybridization (FISH) of 1p19q deletion, in a series of cases. A total of 816 patients with GBM who received surgery and radiation between January 2010 and May 2014 were included in this study. Kaplan-Meier survival analysis and Cox regression analysis were used to find the factors independently influencing patient progression free survival (PFS) and overall survival (OS). Age at diagnosis, preoperative Karnofsky Performance Scale (KPS) score, KPS score change at 2 weeks after operation, neurological deficit symptoms, tumor resection extent, maximal tumor diameter, involvement of eloquent cortex or deep structure, involvement of brain lobe, Ki-67 and MMP9 expression level and adjuvant chemotherapy were statistically significant factors (p<0.05) for both PFS and OS in the univariate analysis. Cox proportional hazards modeling revealed that age ${\leq}50$ years, preoperative KPS score ${\geq}80$, KPS score change after operation ${\geq}0$, involvement of single frontal lobe, deep structure involvement, low Ki-67 and MMP9 expression and adjuvant chemotherapy were independent favorable factors (p<0.05) for patient clinical outcomes.

A Study of the Resolution Mechanism for Investment Disputes between China and Taiwan (중국과 대만 간 투자분쟁해결제도에 관한 연구)

  • Ha, Hyun-Soo
    • Journal of Arbitration Studies
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    • v.22 no.2
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    • pp.31-52
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    • 2012
  • Although political uncertainty exists between China and Taiwan, the two countries have been expanding their economic exchange since the 1980s. That economic exchange is not limited to trade, and its investment segment is constantly expanding. The investment was one-sided by Taiwan in the past, but since a change in policy by the Taiwan government in 2009, Chinese capital is able to flow into Taiwan for direct investment. These kinds of policy changes related to investment between the two countries require follow-up actions such as profit protection for investors, elimination of investment limitations, simplification of investment procedures, and establishment of an investment dispute resolution system. The main topic of this study is the resolution mechanism for investment disputes between China and Taiwan. At present, an individual investment dispute between two countries is settled according to each country's own regulations for dispute resolution. However, these two countries have not prepared dispute resolution regulations related to cases of investment disputes between Chinese or Taiwanese investors and the Chinese or Taiwanese government, or between the Chinese government and the Taiwanese government. Moreover, they do not have any agreements related to investment disputes. Therefore, in this paper, I enumerate the regulations related to investment dispute resolution between China and Taiwan, and then I point out the problems and suggest solutions for improvement. Also, through this study, I would like to contribute to establishing and implementing an investment dispute resolution mechanism between South Korea and North Korea.

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Empirical Analysis of the Changes in the Patterns of Chinese Firms' Outward Foreign Direct Investment in the Belt and Road Initiative Countries (중국 기업의 일대일로 국가에 대한 해외직접투자 패턴 변화에 관한 실증연구)

  • Wonchan Ra;Zu-Kweon Kim
    • Korea Trade Review
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    • v.47 no.6
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    • pp.307-333
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    • 2022
  • In recent years, the outward foreign direct investment (oFDI) in the Belt and Road Initiative (BRI) by Chinese companies has significantly increased in size and changed in content. However, changes in the oFDI patterns between the pre- and post-BRI periods have not received sufficient attention from academia despite their theoretical and strategic significance. This paper reviewed existing research to establish seven hypotheses on changes in the oFDI patterns of Chinese companies investing in BRI countries and conducted empirical analyses to test the hypotheses using secondary data. The results showed that after the BRI agreement, Chinese oFDI in BRI countries was more active in less economically and less institutionally developed countries, that the oFDI by privately-owned enterprises (POEs) increased more than that of state-owned enterprises (SOEs), and that SOEs were more active in the social overhead capital (SOC) area while POEs were more active in the non-SOC area. The paper concludes with a summary, implications, and future research directions.

A Study on the Determinant of Capital Structure of Chinese Shipbuilding Industry (중국 조선기업 자본구조 결정요인에 관한 연구)

  • Jin, Siwen;Lee, Ki-Hwan;Kim, Myoung-Hee
    • Journal of Korea Port Economic Association
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    • v.38 no.2
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    • pp.81-93
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    • 2022
  • Since 2008, China's shipping industry has been in a slump, with shipbuilding orders falling sharply, and high-growth excess capacity has become increasingly apparent, leaving many firms with sharply reduced orders at risk of bankruptcy and shutdown. To ensure the development of the shipbuilding industry and enhance the international competitiveness of the shipbuilding industry, it is necessary to analyze the present situation of the shipbuilding industry and the financial situation of the shipbuilding enterprises. And analyzing the problems faced by enterprises from the perspective of capital structure is very meaningful to the shipbuilders with high capital operation. We are trying to analyze the determinants of capital structure of China's shipbuilding listed companies. 30 listed Chinese shipbuilding and listed companies have been designated as sample companies that can obtain financial statements for 13 consecutive years. They also divided 30 sample companies into shipbuilding, shipbuilding-related manufacturing, and shipbuilding-related transportation. Dependent variable is the debt level of the year, independent variable includes the debt level of the previous year, fixed asset ratio, profitability ratio, depreciation cost ratio and asset size. The regression model of the panel used to analyze determinants is capital structure. The results of the empirical analysis are as follows. First, a fixed-effect model for the entire entity showed that the debt-to-equity ratio and the size of the asset in the previous period had a positive effect on the debt-to-equity ratio in the current period. Second, the impact of the profitability ratio on the debt level in the prior term also supports the capital procurement ranking theory rather than the static counter-conflict theory. Third, it was shown that the ratio of the depreciation of the prior term, which replaces the non-liability tax effect, affects the debt-to-equity ratio in the current period.

Effects of Foreign Wife Status and Social Capital on Fertility (외국인 배우자의 지위와 사회적 자본이 출산력에 미치는 영향)

  • Kim, Doo-Sub
    • Korea journal of population studies
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    • v.31 no.3
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    • pp.1-26
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    • 2008
  • The main purpose of this paper is to explore the impacts of foreign wife status and social capital on fertility among a group of Chinese, Vietnamese and Japanese wives in Korea. Attention is focused on the argument that minority group status and immigrant social capital exerts an independent effect on fertility, apart from socioeconomic and demographic variables. It is hypothesized that the level and tempo of fertility of foreign wives reflect their social disadvantages and the adaptation process. Micro-data from two socio-demographic surveys were utilized to analyze the reproductive outcomes of foreign and native wives in Korea. Results of analyses reveal that foreign wives in Korea tend to have fewer children compared to native Korean women. It was found that a foreign wife's access to social capital significantly facilitates reproductive behavior. Those who engage themselves more in voluntary activities, have more friends in Korea, and possess better and higher-quality social networks tend to have more children. Foreign wives with a high degree of integration or assimilation to the new surroundings were also found to have more children than other foreign wives.

Application of Laparospic Ultrasonography in Surgery of Small Renal Cell Carcinoma

  • Wang, Xiang-Zhu;Yu, Ze-Xing;Guo, Rui-Jun;Xing, Nian-Zeng
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.21
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    • pp.9113-9116
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    • 2014
  • Purpose: : To assess the clinic value of application of laparospic ultrasonography (LU) in partial nephrectomy of small renal cell carcinoma. Materials and Methods: From 2007 to 2011, 28 small renal cell carcinoma patients in ou clinic underwent laparoscopic partial nephrectomy with LU. For comparison with preoperative conventional ultrasound and CT, we collected ultrasonic performance of the affected side kidney, renal tumor location, size, echo change, blood supply situation and the relationship with the surrounding tissue. Results: LU could more clearly show the tumor interior structure and blood supply, as well as the relationship with the surrounding tissue. It also can provided doctor assistance with real-time tumor resection, reducing operative complications. Conclusions: LU can clearly show tumor internal structure and blood supply, which is helpful for explicit diagnosis. Moreover, it supplies accurate information for surgeons and assists surgery. Therefore LU has an important guiding value in partial nephrectomy for small renal cell carcinoma.

A Study on the Obstacle Factors for the Entry of Korean Companies into Latin American Markets and their Countermeasures

  • Park, Chong-Suk
    • International Commerce and Information Review
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    • v.2 no.1
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    • pp.69-81
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    • 2009
  • In the past, trades with the Latin American markets were not active since the South Korean companies simply considered them substitute markets whenever exports were slow. However, the importance of these markets is highlighted anew thanks to the signing of the Korea-Chile Free Trade Agreement (FTA). Presently, Latin American nations are pursuing FTA with various nations in the world, regardless of the geographic boundaries, in order to vitalize their economy and attract foreign capital. Despite these efforts to liberalize the market, Latin American regions continue to restrict importation by leveraging diverse set of trade regulation policies. This research examines trade regulation policies in the Latin American regions and proposes Korea's countermeasures.

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A Study on the Obstacle Factors for the Entry of Korean Companies into Latin American Markets and their Countermeasures

  • Park, Chong-Suk
    • International Commerce and Information Review
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    • v.11 no.2
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    • pp.69-81
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    • 2009
  • In the past, trades with the Latin American markets were not active since the South Korean companies simply considered them substitute markets whenever exports were slow. However, the importance of these markets is highlighted anew thanks to the signing of the Korea-Chile Free Trade Agreement (FTA). Presently, Latin American nations are pursuing FTA with various nations in the world, regardless of the geographic boundaries, in order to vitalize their economy and attract foreign capital. Despite these efforts to liberalize the market, Latin American regions continue to restrict importation by leveraging diverse set of trade regulation policies. This research examines trade regulation policies in the Latin American regions and proposes Korea's countermeasures.

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The Locational Characteristics and Viabilities of Chinese Township Enterprises in Yan-bian Korean Ethnic Autonomous District (중국 연변조선족자치주 鄕鎭企業의 입지특성과 존립기반)

  • 여필순;이철우
    • Journal of the Economic Geographical Society of Korea
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    • v.1 no.2
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    • pp.43-70
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    • 1998
  • The purpose of this study is to analyze the locational characteristics and viabilities of township enterprises in Yan bian korean ethnic autonomous district. From the late of 1970s, Chinese township enterprises have heavily contributed to the rapid economic development in China, to alleviating the rural, surplus labor, and to reducing the dispa rity between urban and rural in term of socio-economic condition. From the late 1980s Chinese township enterprises in Yan bian korean ethnic autonomous district have rapidly developed in urban areas and also in the places that were easily accessed into main cities. The locational characteristics implied the management characteristics that attempted to solve the lack of capital and technique, and marketing difficulties through the existed firms in urban areas rather than the accessibility of the market. Chinese township enterprises in Yan bian korean ethnic autonomous district utilized locally available low wage labors of legal agrarian(nung-min-gung) to compete the large firms in urban areas. Township governments positively affected the development of the enterprise in the early stage: while, in the latter stage, they limited the autonomous management. If the economic ,system in China would be changed into the capital in the future, the institution should at low to the maximum autonomous management of township enterprises.

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