• Journal of Korea Trade
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• v.23 no.7
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• pp.128-146
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• 2019

Purpose - The purpose of this paper is to investigate the relationship between internal control, economic policy uncertainty, and performance of cross-border merger and acquisition (M&A) based on the panel data of Chinese listed firms. The authors expected that internal control has a positive moderating effect on the performance of cross-border M&A and that it mainly occurs during periods when economic policies are relatively stable. In addition, the authors tried to find out the mechanism of internal control affecting cross-border M&A and the corporate performance. Design/methodology - The authors tested the hypotheses by a multivariate regression model based on the panel data of Chinese listed firms from 2009 to 2017. The dependent variable is the change value of business performance (DROA_1,2,3) and the explanatory variables are cross-border M&A (MA), China's uncertainty of economic policy (EPU), and internal control level (IC) respectively. Findings - The authors find that internal control has a positive moderating effect on the relationship between cross-border M&A and corporate performance. Further, the authors find that the moderating effect is more significant in state-owned enterprises and that it mainly occurs during periods when economic policies are relatively stable. Originality/value - This paper is the leading study that tries to analyze empirically the relationship between internal control, economic policy uncertainty, and performance of cross-border M&A. It provides a new avenue through which internal control might reasonably mitigate the risks of cross-border M&A and correspondingly improve the performance of cross-border M&A. It also confirms the moderating effect of internal control on the performance of cross-border M&A under the uncertainty of economic policy.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.659-672
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• 2020

The outbreak of a recent strain of Coronavirus, known as 'COVID-19', has spread sharply from China across the globe, resulting in a dramatic recession in the global economy. This uncertainty has therefore negatively influenced the business perspective and the various formulated strategies that may not considered such [extreme] circumstances. Using baseline analysis and archival data, this paper reports some of the major implications of COVID-19 on global business and strategy and puts forward suggested research agenda as potential future directions for organizations. In order to survive and remain sustainable, this paper argues that businesses need to revisit their strategies during current COVID-19 crises from three perspectives, including supporting human resources financial commitment, forming cross-functional teams and connecting with their supply chains, as well as investing in corporate social responsibility and doubling down efforts with regard to partnerships. The study also represents a preliminary analysis to the implications of COVID-19 on the business and strategies across the globe and is considered the first such in the field of business, as to date all research papers on COVID-19 have been published in medical-related journals. Directions for future research are also proposed at the end of this study.

• The Journal of Society for e-Business Studies
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• v.25 no.2
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• pp.1-14
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• 2020

ISO 15118 is an international standard that defines communication between electric vehicles and electric vehicle chargers. Plug & Charge (PnC) was also defined as a technology to automatically authenticate users when using charging services. PnC indicates automatic authentication technology where all processes such as electric vehicle user authentication, charging and billing are automatically processed. According to the standard, certificates for chargers and CPSs (Certificate Provisioning Services) should be under the V2G (Vehicle to Grid) Root certificate. In Korea, the utility company operates its own PKI (Public Key Infrastructure), making it difficult to provide chargers under the V2G Root Certificate. Therefore, a method that can be authenticated is necessary even when you have different Root Certificates. This paper proposes to apply cross-certificate technology to PnC authentication. Automatic authentication of Cross Certification is to issue a cross-certificate of the Root CA and include it in the certificate chain to proceed with automatic authentication, even if you have different Root certificates. Applying cross-certificate technology enables verification of certificates under other Root certificates. In this paper, the PnC automatic authentication and cross certificate automatic authentication is implemented, so as to proceed with proof of concept proving that both methods are available. Define development requirements, certificate profiles, and user authentication sequences, and implement and execute them accordingly. This experiment confirms that two automatic authentication are practicable, especially the scalability of automatic authentication using cross-certificate PnC.

• Journal of Industrial Convergence
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• v.22 no.2
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• pp.33-43
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• 2024

This study aims to test the relationship between brand embeddedness and cross-selling intention, as well as how customer satisfaction affects as mediator its relationship. The data set includes 258 consumers using a specific smartphone brand and we gather the data by conducting a survey. We use structural equation modeling to verify hypotheses and do nonparametric bootstrap approach for additional analysis of the mediating role of customer satisfaction. The results of analysis are as follows. First, it has been shown that barnd embeddedness positively affects customer satisfaction and cross-buying intention. Second, customer satisfaction is found to have a positive effect on cross-buying. By combining these results and additional analysis, we confirm that the direct effect of brand embeddedness is more effective for cross-buying intention than the indirect effect of customer satisfaction. The results of this empirical analysis show the academic value that brand embeddedness as social capital can be a antecedent for cross-buying intention. In addition, this study suggests the need for brand practitioners to increase the embeddedness of customers related to the brand and consider the mediating role of customer satisfaction together in order to increase cross-buying.

• Journal of the Korean Data Analysis Society
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• v.20 no.6
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• pp.3037-3048
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• 2018

This study tried to test the result of recent study reporting that there is no the effect of cross-subsidization by applying it to the Korean banks. Besides, the study also did the research to test the previous study that diversification toward non-interest operating sector is related with the motivation of reduction of bank risk. Main results are as follows. First, there is the effect of cross-subsidization between non-interest operating sector and interest one. The higher non-interest profit to total asset is, the lower loan growth and provision to total loan are. Second, the effect of cross-subsidization is related with the fee revenue to operating revenue rather than the fiduciary revenue to operating revenue because high fee revenue results in shrinking the lending business. Third, diversification toward non-interest sector is associated with reducing risk, and risk is not increased when the high performance of non-interest sector is occurred. This evidence is not line with DeYoung, Torna (2013) arguing that non-interest operating activities lead to increasing risk. Finally, Korean banks have to expand the activities in non-interesting sector focusing on boosting fee revenue to increase the effect of cross-subsidization against the possibility of cutting net interest margin.

• Journal of Korea Trade
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• v.26 no.7
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• pp.109-126
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• 2022

Purpose - Based on the relevant panel data for China and 13 of the RCEP countries from 2008-2019, this paper conducts an in-depth study on the impact of trade facilitation levels on China's cross-border e-commerce exports using the expanded trade gravity model. Design/methodology - This study constructs a trade facilitation index (TFI) system, and uses the principal component analysis method to measure the trade facilitation levels of RCEP countries in 2008-2019. This result is then introduced into the extended gravity model to explore the effect of trade facilitation in RCEP countries on China's cross-border e-commerce export. Findings - It is found that the overall trade facilitation level has a significant effect on China's cross-border e-commerce exports. Among the primary indicators, with the exception of infrastructure, the other four indicators demonstrate a significant impact. The findings show that China should strengthen its cooperation with RCEP countries in trade facilitation and cross-border e-commerce to better achieve complementary regional economic development. Originality/value - This paper has three contributions: first, this paper builds a TFI system that includes five primary indicators based on the characteristics of cross-border e-commerce. Second, we explore the impact of trade facilitation levels of RCEP countries on China's cross-border e-commerce exports, which helps to fill the gap in existing studies of the impact of cross-border e-commerce exports. Third, this paper further analyzes the impact of five primary indicators on cross-border e-commerce exports; this thus provides more targeted measures to improve trade facilitation levels.

• Journal of Fashion Business
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• v.11 no.1
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• pp.15-25
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• 2007

As a part of the study for the materials development of compound feelings, therefore, this study investigated into the effects of the colors of warp and weft on the overall colors of fabrics, along with the visual changes of colors by the measuring angle of both warp and weft, by means of cross-dyeing of cotton/PET union fabrics. First, the dyeing of cotton and PET fabrics individually with the same color, the dyeing of PET fabrics followed by that of cotton fabrics resulted in a small difference in color than the dyeing in the reversed order. Second, in the case of the dyeing of cotton/PET union fabrics with the color of one fiber fixed and that of the other in ten colors, the color of cotton fiber, which is warp, gave much influence. In addition, the color change was remarkable among complementary colors, while it was negligible among adjacent colors. Third, in the case of dyeing of cotton/PET union fabrics with the color of one fiber fixed and that of the other in ten colors, the results were different by the measuring angle. When PET was fixed in green and cotton was dyed in ten colors, color-deepening was observed by the inclination in the direction of warp and weft without the dominance over all colors like cotton. When cotton was dyed in red and PET in ten colors, the color of PET appeared dimly in the horizontal case by the direction of the light, and red appeared as inclined in the direction of warp and weft. This is because of the dominance of cotton color over the overall color, since the density of cotton fiber, the warp of union fabrics, is higher than that of PET, the weft. Thus, this is to be considered in the selection of the warp's color. In view of the above results, the color changes are outstanding when the color of warp dominates the overall color and when the colors of warp and weft are complementary, in comparison with the case when the colors are adjacent. The colors also change by the measuring angle.

• Fashion & Textile Research Journal
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• v.12 no.4
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• pp.439-449
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• 2010

The purpose of this study is to identify the differences in persuasive effectiveness of visual merchandising between consumers in Korea and China including the moderating roles of shopping value in effectiveness of visual merchandising. For the cross-cultural experiment, 2(degree of sensuousness of VM: high vs. low)${\times}$2(involvement: high vs. low)${\times}$2(nation: Korea vs. China) factorial design were used. A total of 480 questionnaires allocating 60 students to each group were distributed. The results were as follows. First, Chinese consumers were likely to respond favorably regardless of the degree of sensuousness of VM, while Korean consumers were more positive in high degree of sensuousness of VM. Second, aesthetic cognition of VM and attitude toward VM had positive influences on brand cognition in both countries. Third, Korean consumers with greater recognition of aesthetic attributes of VM had more positive brand attitude, while Chinese consumers with greater recognition of utilitarian attributes of VM had more positive brand attitude. Fourth, there were moderating effects of shopping value in persuasive effectiveness of VM in Chinese consumer group, while there were no significant moderating effects in Korean consumer group. With the cross-cultural interpretation of the fin-dings, strategic implications and suggestions for the global fashion retailing, specifically fashion visual merchandising, are provided.

• Journal of Fashion Business
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• v.8 no.6
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• pp.25-38
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• 2004

The purpose of this study is to develop a dress form for elderly women according to their somatotype to be used for improving the fit of garments and patterns. Analyzing each somatotype, there was a significant difference among the 4 somatotypes in most of measure items. Bend-forward Group had shorter front length items. Abdomen-fat Group had lower upper-body values than Average Group and similar lower-body values to Fat Group. In most items except height, Fat Group had the biggest values. Analyzing the mean cross-section according to the section measurement parts, no difference existed in shoulder part and under bust part. However, in upper bust, bust, waist, abdomen, high hip, and hip parts, a significant difference existed. Also, according to the results of the mean cross-section as well as the average cross overlap section for each somatotype, there was a significant difference among the four somatotypes. Thus, Abdomen-fat Group and Fat Group were similar, while Bend-forward Group and Average Group were alike. According to the increase of age, lower body tended to have more conspicuous changes. Analyzing the profile of somatotypes, there existed a obvious significant difference among the 4 somatotypes, implying that the characteristics of somatotype need to be reflected when to develop dress forms for elderly women. Therefore, these differences must be an essential factor in pattern design. Comparing the current dress form with the dress form developed with simulation, we could find that a dress form developed for elderly women which reflects the characteristics of body shape is much better than a dress form developed by simple size variation such as small, medium and large size divisions to improve the fit of garments and pattern designs.

• 한국경영정보학회:학술대회논문집
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• 2008.06a
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• pp.52-63
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• 2008

Virtuality is a product of the information age, and as it plays a larger role in the activities of individuals, groups and organizations, the issue of how human behavior varies between virtual and physical space has become one of the most important questions facing the management environment of today. The purpose of this article is to examine how virtuality shapes individuals' social relationships within and outside their work groups. We developed a conceptual framework that explores the links between virtuality and social network based on computer-mediated communication theory and social network theory. Using data from 172 individuals of 42 project teams in 5 global business consulting firms, we tested cross-level hypotheses. The results of hierarchical linear modeling (HLM) indicate that virtuality significantly influences individual's internal tie strength as well as external bridging ties. The results also show the effects of virtual process via CMC vary along with the virtual context.