• Title/Summary/Keyword: Competition Effect

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A Study on The e-Business Strategy and Corporate Performance (e-비즈니스 전략유형과 기업성과에 관한 연구)

  • Kim, Hee-Cheol;Moon, Young-Ja
    • International Commerce and Information Review
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    • v.9 no.3
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    • pp.33-57
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    • 2007
  • This study tests e-business performance difference of the inter group by strategy type through the cluster analysis, after confirming the linear relationship between the e-business strategy type and its performance. According to the result of the study the effect on the e-business performance reveals to differ by the e-business strategy type. That is to say, while the firm's information system performance, e-business realization and the inter group competition dominance are affected positively by the e-process strategy, web application strategy and customer attracting strategy. This confirms that the information system performance, the realization performance and the competition dominance are affected by e - business strategy type. The key factor leading to the success of e-business is the commitment of e-process strategy and web application strategy. For the case of the customer attracting strategy the result shows the importance of the strategy. In the cluster group analysis, the additional analysis, the effect is seen to be more powerful in the firm's information system performance, e - business realization and securing the competition advantage for the case of the multiple strategy than that of single one. Accordingly, the firm needs to adopt the multiple strategy suited for the characteristic of the firm rather than the single strategy.

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The Impact of Industry-level Competition on the Excess Stock Returns due to Changes in Cash Holdings (산업 내 경쟁정도가 보유현금의 변화에 따른 초과수익률에 미치는 영향)

  • Cho, Jung Eun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.5
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    • pp.163-169
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    • 2019
  • This study examined whether industry-level competition affects excess stock returns because of changes in cash holdings. Competitive inter-company threats increase the possibility of the manager's replacement, and function to induce management to make their best efforts, resulting in the amount and quality of the information provided by the enterprise increasing. Therefore, as competition intensifies, agency problems are reduced and stock returns increase because the company's cash holdings are expected to increase. However, there is a view that firms in industries with severe competition tend to have high information asymmetry because competitors may compete in more favorable positions by using detailed information disclosed by the competing firms. Accordingly, as market competition intensifies, the excess stock returns resulting from increased cash holdings are expected to decline. These results show that excess stock returns because of increases in cash holdings increase as the degree of competition in the industry intensifies, thus supporting the positive effect of market competition. Overall, the results of this study provide an understanding that market competition plays an effective external governance mechanism and that investors positively evaluate the cash held by companies with severe industry competition.

The Analysis on the Effect on the Competition Types of Switching Cost in Telecommunications (정보통신산업의 전환비용과 기업간 경쟁양상)

  • Park, Wung;Jung, Young-Sic;Min, Jae-Hong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2002.05a
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    • pp.400-402
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    • 2002
  • Recently, it is requested interoperability and inter-connection among technologies due to network externalities and the rapid innovation in the telecommunications industry. Firms are technically tied up with the others the survival in the keen competition age. The switching cost is caused when a consumer changes his existing service to new one in the telecommunications. The switching cost hinders consumers from making a choice of better services or goods, and obstruct the fair competition among firms. In this paper, we will examin the effects on the competition among companies of the switching cost, and suggest national policies to promote the competition in the telecommunication markets.

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The Effect of Korean FK(Futsal Korea) CUP Tournament Identity on Value and Participation Intention (한국 FK(Futsal Korea) CUP 대회 아이덴티티가 가치와 참가의도에 미치는 영향)

  • Shin, Jin-Ho
    • Journal of the Korean Applied Science and Technology
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    • v.39 no.4
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    • pp.560-567
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    • 2022
  • This study attempted to provide basic data on efficient competition operation plans by identifying how the identity of the Korean FK CUP competition affects value and participation intention. Therefore, among those who are aware of the FK CUP competition organized by the Korea Futsal League, those who have participated in the futsal competition were selected as samples. The survey was conducted face-to-face and non-face-to-face from April 1 to June 17, 2022, and a total of 299 data were used for the final analysis. Data processing used the SPSS (ver.21.0) program to conduct frequency analysis, exploratory factor analysis, internal consistency, correlation analysis, simple and multiple regression analysis. The main results of this study are as follows. First, the identity of the Korean FK CUP competition has been shown to influence the value in the order of organization, human and symbol. Second, the value has been shown to influence the participation intention. Third, the identity of the Korean FK CUP competition has been shown to influence the participation intention in the order of organization, human.

Decomposition Analysis of Time Series Using Neural Networks (신경망을 이용한 시계열의 분해분석)

  • Jhee, Won-Chul
    • Journal of Korean Institute of Industrial Engineers
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    • v.25 no.1
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    • pp.111-124
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    • 1999
  • This evapaper is toluate the forecasting performance of three neural network(NN) approaches against ARIMA model using the famous time series analysis competition data. The first NN approach is to analyze the second Makridakis (M2) Competition Data using Multilayer Perceptron (MLP) that has been the most popular NN model in time series analysis. Since it is recently known that MLP suffers from bias/variance dilemma, two approaches are suggested in this study. The second approach adopts Cascade Correlation Network (CCN) that was suggested by Fahlman & Lebiere as an alternative to MLP. In the third approach, a time series is separated into two series using Noise Filtering Network (NFN) that utilizes autoassociative memory function of neural network. The forecasts in the decomposition analysis are the sum of two prediction values obtained from modeling each decomposed series, respectively. Among the three NN approaches, Decomposition Analysis shows the best forecasting performance on the M2 Competition Data, and is expected to be a promising tool in analyzing socio-economic time series data because it reduces the effect of noise or outliers that is an impediment to modeling the time series generating process.

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Analysis of marketing Channel competition in Electronic Commerce Incorporating Web Awareness (Web 인지도를 반영한 전자상거래 마케팅 채널 경쟁에 관한 연구)

  • 차춘남;조형래
    • Korean Management Science Review
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    • v.17 no.3
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    • pp.49-60
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    • 2000
  • The proliferation of electronic commerce(EC) has led manufactureres to consider Internet based marketing as a salient candidate for strategic diversification of marketing channel. In this case, each manufacturer can build its own Web store or rent an existing special EC store. Such decision making of ‘build’ or ‘rent’ can be analyzed by a game model which derives the Nash solutions for price and profit considering degree of competition with other competitive manufacturers. In this paper, to overcome the drawbacks of the traditional linear demand function, we first propose a new linear demand function which incorporates not only the price difference between competitive products but the awareness of Web stores perceived by the consumers, then design the game models to analyze the characteristics of three typical types of marketing channel in duopoly market. Based on the Nash solutions of the game models, we analyzed the effect of the degree of competition and Web awareness in selecting the optimal marketing channel.

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Mechanisms of Competition betxeen Canopy-Forming and Turf-Forming Intertidal Algae

  • Kim, Jeong-Ha
    • ALGAE
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    • v.17 no.1
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    • pp.33-39
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    • 2002
  • Mechanisms of competition between two canopy algae and an understory alga were investigated by a field manipulative experiment using artificial thalli. The study was carried out in the upper intertidal zone at Nudibranch Point in Vancouver Island, British Columbia, Canada, where two fucoids, Fucus gardneri and Pelvetiopsis limitata, and a turf red alga, Mazzaella cornucopiae, were dominant in the algal community. The experiment was designed to test three hypotheses, shading, whiplash, and allelopathy, imposed by potential fucoid effects on M. cornucopiae. Only the shading effect was significant, indicating that adult fucoid thalli reduced. M. cornucopiae biomass underneath the fucoids. Results indicated that reversal of competitive dominance existed between F. gardneri and M. cornucopiae depending on the life history stage of the competitors. By including the turf alga's effects on the fucoids, the well-balanced and non-hierarchical interaction networks among the major macroalgae support the high likelihood of species coexistence in the community.

A Study on Determinants of Category Diversification of Internet Portals in Korea (인터넷포털의 카테고리 다각화 결정변수에 대한 연구)

  • Park, Kyung-Min
    • Journal of the Korean Operations Research and Management Science Society
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    • v.33 no.4
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    • pp.1-12
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    • 2008
  • The study suggests an answer to the question of what determines category diversification of Internet portals in Korea. First, as external factors, competition intensity and market growth are hypothesized to have influence on the degree of category diversification. Second, an internal factor, user loyalty to portals, is hypothesized to influence negatively category diversification. The study performed empirical analysis based on weekly portal-specific panel data of eighteen internet portals in Korea during the period between 2001 and 2004. The result shows that category diversification increases as competition intensity increases, and that category diversification decreases as user loyalty increases. There was no effect of market-level growth rate on category diversification.

Analysis of the Effect of Integrating Network Operating and Service Providing on Service Quality in Telecommunication Industry (정보통신산업에서 망과 서비스의 결합여부가 서비스 품질에 미치는 영향 분석)

  • 김태유;이용길;김연배
    • Proceedings of the Technology Innovation Conference
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    • 1999.06a
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    • pp.203-225
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    • 1999
  • In this paper, I tried to analyze the relationship between the market structure of teleommunicatin industry and market performance using Economides and Lehr's results considering composite goods methods. And I took three policy scenarios into account. First, government tires to implement the policy which divides the integrated monopoly into network operator and service provider, then invite competition to service part. Second, government tries to implement the policy which invite the competition to service part only. Third, government tries to implement the policy which invite the competition to integrated duopoly. I gained the best result in the third scenario. So we can conclude that Parallel vertical integration is the best market structure. I also specially checked the relationship between the market structure and service quality. I gained the best service quality in the third scenario. So we can conclude that Parallel Vertical Integration is also the best market structure with regard to the service quality.

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Efficiency of the Emission Trading Scheme in Imperfectly Competitive Markets (불완전경쟁시장에서의 배출권 거래제도의 효율성)

  • Yoon, Kyoung-soo
    • KDI Journal of Economic Policy
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    • v.34 no.2
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    • pp.173-204
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    • 2012
  • This study examines the equilibrium investment on the pollution abatement when firms are facing Cournot competition in the output market while the pollution permit market is perfectly competitive. Unlike standard perfect competition scenario, the abatement investment delivers an indirect effect in which it reduces other firms' equilibrium output. Consequently, compared with the socially optimal level, overinvestment arises. I also overview the potential inefficiencies that imperfect market structure induces under the emission trading scheme, presenting policy implications.

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