• Title/Summary/Keyword: Definition of Investment

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A Study on Investment Agreement and Dispute Resolution System of FTA (FTA 투자협정과 분쟁해결제도에 관한 연구)

  • Choe, Tae-Parn
    • Journal of Arbitration Studies
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    • v.17 no.2
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    • pp.141-165
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    • 2007
  • This study aims to make a contribution to the promotion of trade and economic development of South Korea, and, at the same time, call attention to the increasing trend of investment agreements concluded within Free Trade Agreements (FTA) by examining theoretically FTAs and dispute resolution and investigating systematically the conclusion procedure of agreements, and the system, institutions, and jurisdiction of dispute resolution, and presenting these findings to the government and investors involved. The most problematic aspect in the legal process of arbitration involving disputes over investment is that of arguments concerning the right of jurisdiction. When a dispute arises, even though an investor files for arbitration at an ICSID institution, the parties become involved in another energy-consuming argument even before proceeding to the hearing and decision of the original plan in cases in which the respondent of the dispute files an objection to the decision rights of the arbitral tribunal. As the main basis for this type of plea, the point of non-existence of jurisdiction is first raised where the applicable dispute does not fall under the range of investments defined in individual investment contracts or investment agreements such as a Bilateral Investment Treaty (BIT). To avoid an open-ended definition of investment for the range of investments, articles concerning investments in the FTA and NAFTA between Canada and the USA adopt the limited closed-list method. Article 96 of the FTA between Japan and Mexico applied the same abovementioned method of limited form of definition regarding range of investments and concluded BITs between member countries of APEC applied a similar method as well. Instead of employing the previously used inclusive definition, the BITs concluded between countries of Latin America and the USA are equipped with limited characteristics of an investment. Furthermore, to correspond with this necessary condition the three following requirements are needed : 1) fixed investment funding; 2) expected profits resulting from such investments; 3) and the existence of fixed risk bearing.

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Conceptual bases of the Investment Mechanism of the Innovative Activity of Enterprises in the Context of Achieving the Tasks of Strategic Development

  • Komandrovska, Veronika;Kolesnyk, Maksym;Barkova, Kateryna;Vasylyk, Sergii;Dorofieiev, Denys
    • International Journal of Computer Science & Network Security
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    • v.21 no.11
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    • pp.111-118
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    • 2021
  • The authors of the study highlight the conceptual foundations of the investment mechanism of innovation of enterprises in the context of strategic development. Such indicators of investment attraction for the enterprise as investment attractiveness, investment activity of the enterprise, critical mass of investments, minimum sufficiency of investments and others are singled out. It is proved that the balance of investment resources is facilitated by the action of the investment mechanism of innovation activity at the enterprise in the context of achievements of strategic development tasks. Investment processes and their intensification have an impact on the expansion of production capacity of economic entities in strategic development and on improving the efficiency of existing capacities. The investment mechanism of innovative activity at the enterprise in the context of achievement of tasks of strategic development contains system of complex actions which provides: definition of the clear purpose and tasks for the mechanism and achievement of the purposes of the enterprise; assessment of the investment potential of the enterprise; definition of tasks of innovative development of enterprises and investment resources necessary for this purpose, etc. The tasks of the investment mechanism of innovative activity at the enterprise in the context of achievements of tasks of strategic development and its economic, organizational and information components are singled out, as well as levers of influence and regulators of the investment mechanism of innovation in the enterprise.

Effects of Self-Identification with Threatened In-Group and System Justification on Within-Domain Consumption

  • CHOI, Nak-Hwan
    • The Journal of Industrial Distribution & Business
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    • v.11 no.8
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    • pp.39-49
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    • 2020
  • Purpose: Current study aimed at exploring the roles of system justification in the effects of consumers' self-identification with the threatened social in-group on the within-domain versus across-domain consumption. It focused on whether there are positive effects of both of the self-definition and the self-investment on the in-group system justification, and also explored whether the system justification, in turn, could make positive effects on the consumption. Research design, data and methodology: The self-identification was approached in view of self-definition and self-investment when the in-group was threatened by members of their out group. The empirical study was performed with the single factor within-subject design based on the feeling of the consumers' being threatened when the in-group was criticized by the others. The in-group threatened was accessed from the memory of each of the undergraduate students participating in the empirical study by asking them to remember the events by which their important in-group was perceived to be threatened in their past life. Questionnaire data collected from the undergraduate students were used to verify research hypotheses by structural equation model in Amos 21.0 program. Results: First, the self-definition positively affected the within-domain versus across-domain consumption, but did not affect the in-group system justification. Second, the self-investment positively affected the in-group system justification. Third, the system justification made positive effects on the within-domain versus the across-domain consumption. Therefore, this article could contribute to the development of the theory related to compensatory consumption in the view that there could be the positive mediation roles of system justification in the effects of consumers' self-investment to their in-group on the within-domain versus across-domain consumption when the in-group is threatened. Conclusions: The results of this study could give managerial implications to brand or product marketing managers. How to vitalize consumers' self-definition with, and self-investment to, the threatened in-group is at issue to the marketers when consumers' important in-group was threatened by others. By evoking the in-group-based self-investment to consumers when the in-group was threatened, the marketers should increase the level of the system justification, and the marketers should promote the consumers to recognize that their products or brands are included into the within-self domain.

A Study on the Socioscientific Approach Method of GAS Safety Control Investment costs (가스안전관리 투자비용의 사회과학적 접근 방법에 관한 연구)

  • 송수정;강경식
    • Journal of the Korea Safety Management & Science
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    • v.2 no.1
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    • pp.19-26
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    • 2000
  • These days, the interest in the gas safety management has been increasing in our society, It needs the estimates to later investment in points of the gas safety management investment for prevention costs from gas accidents. It is written the general concept of gas safety management and the items that should be invested under the current policy. However they are not defined clearly and We have lots of difficulties in adapting them to actual spots and understanding them by their carry-out. When it follows the current safety standards, they doesn't meet the possibilities of mutual comparison, because gas safety management investment's definition is different. And sufficient information is not supported to efficiency adjudication of gas safety management investment. In this paper, you can find that Gas safety management is defined in order to more effective gas safety management investment, and the Socioscentific approach method was used to decide the gas safety management items that shall be invested.

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A New Definition of an IRR (내부수익률의 새로운 정의)

  • Jin Wook Kim;Hyun joo Lee;Dong Soo Cha
    • Proceedings of the Society of Korea Industrial and System Engineering Conference
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    • 2002.05a
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    • pp.9-18
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    • 2002
  • A capital investment problem is essentially one of determining whether the anticipated cash Inflows from a proposed project are sufficiently attractive to invest funds in the project. The net present value(NPV) criterion and internal rate of return(IRR) criterion are widely used as means of making investment decisions. A positive NPV means the equivalent worth of the inflows is greater than the equivalent worth of outflows, so, the project makes profit. Business people are familiar with rates of return because they all borrow money to finance ventures, even If the money they borrow is their own. Thus they are apt to use the IRR in preference to the NPV. The IRR can be defined as the discount rate that causes the net present value of a cash flow to equal zero. Why the project are accepted if the project's IRR is greater than the investor's minimum attractive rate of return. Against the NPV, the definition cannot distinctly explain the concept of the IRR as decision criterion. We present a new definition of the IRR as the ratio of profit on the invested capital.

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The Fair and Equitable Treatment Standards through the Arbitral Award Cases under International Investment Disputes (국제투자분쟁에서 중재사례를 통해 본 공정.공평대우의 기준)

  • Choi, Young Joo;Hwang, Ji Hyeon
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.57
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    • pp.61-78
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    • 2013
  • The purpose of this study is to clarify the standard of fair and equitable treatment. Although most international investment treaties prescribe fair and equitable treatment that is the obligation to provide fair and equitable treatment to foreign investor, there is no clear definition and specific elements of fair and equitable treatment. Through the arbitral award cases we can find that tribunals have interpreted to include six principles; Due process & Protection from denial of justice, Good faith, Reasonableness & Nondiscrimination, Compliance with contractual obligation, Full protection and security, Transparency & Protection of the investor's legitimate expectations. This study suggest that host countries and investors focus on international trends concerning investment disputes in order to avoid future disputes. So future disputes can be prevented and prepared in advance.

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Management of Information Technology Spending - Best practice in Korean firms - (기업 정보화 지출 관리에 관한 연구 - 대기업 정보화 지출 관리 사례를 중심으로 한 실증적 연구 -)

  • Lee, Seog-Jun
    • Asia pacific journal of information systems
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    • v.9 no.2
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    • pp.59-75
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    • 1999
  • Identifying benefit from IT spending is of great concern to most firms in today's competing world. Cost-benefit analysis of IT spending can be conducted when firms have systematic management process of IT spending and the supporting data. This paper examined Korean firm's management process of IT spending, and proposes the best practice. Management process of IT spending and the definition of IT expense and investment were proposed based on the best practice. A proposition that "IT expenses and investments need to be distinguished to manage IT spending effectively' was proposed. Hypotheses were generated and tested with empirical data. Statistical analyses show that ratios of IT investment to IT expense were significantly different during the study period. The results of the study imply that firms can acquire useful information by distinguishing IT expense and investment in the management process of IT spending.

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An Assessment of Infrastructure Investment Policies in Korea (사회간접자본 정책의 성과와 문제)

  • 손재영
    • Journal of the Korean Regional Science Association
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    • v.10 no.1
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    • pp.105-125
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    • 1994
  • This paper reviews the achievements of the infrastructure investment policies since around 1990 and identifies policy area in which further efforts should be made. Traditional definition of social overhead capital has implied that the government should be the main, if not sole, supplier of the service. However, many sectors or sub-sectors of infrastructure investment and service allow room for private sector involvement. Expanding the role of the private sector will supplement the resources of the public sector, but more importantly, introduce competition in infrastructure provision. Competition will enhance the efficiency even a particular service remains in the hand public supplier. Private sector involvement, however, raises special problems in Koran context. They are the concentration of the Capital region and regional imbalance; excessive economic powers of large business conglomerator, so-called land problems. We examine each problems in detail and suggests possible solutions.

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Understanding of a Rate of Return Analysis using an IRR (내부수익률을 이용한 수익률분석법에 대한 이해)

  • 김진욱;이현주;차동수
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.25 no.5
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    • pp.9-14
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    • 2002
  • A capital investment problem is essentially one of determining whether the anticipated cash inflows from a proposed project are sufficiently attractive to invest funds in the project. The net present value(NPV) criterion and internal rate of return(IRR) criterion are widely used as means of making investment decisions. A positive NPV means the equivalent worth of the inflows is greater than the equivalent worth of outflows, so, the project makes profit. Business people are familiar with rates of return because they all borrow money to finance ventures, even if the money they borrow is their own. Thus they are apt to use the IRR in preference to the NPV. The IRR can be defined as the discount rate that causes the net present value of a cash flow to equal zero. Why the project are accepted if the project's IRR is greater than the investor's minimum attractive rate of return\ulcorner Against the NPV, the definition cannot distinctly explain the concept of the IRR as decision criterion. We present a new definition of the IRR as the ratio of profit on the invested capital.

A Fundamental Research on Scope Definition for Efficient Landscape Architecture Construction Project (효율적 조경공사 프로젝트 수행을 위한 과업범위설정관련 기초 연구)

  • Joo, Sang-Hyun;Lee, Jae-Keun
    • Journal of the Korean Institute of Landscape Architecture
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    • v.36 no.3
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    • pp.96-110
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    • 2008
  • Differing from civil engineering and construction, landscape architecture projects are far from efforts in operation and project management. Under the circumstances, it is worthwhile to adopt scope definition from project management for construction and civil engineering in some respects. First, scope definition is able to be conducted through a simple procedure without additional investment in capital and time. Second, the output produced by scope definition is very substantial. The research scrutinized scope definition procedures accompanied by landscape architecture project execution and derived various methods in order to help scope definition for efficient landscape architecture projects. Based on the literature review, a design case study, and an exert interview, the project success elements were developed consisting of 3 sections, 8 categories and 50 elements, grounded on the theoretical base of PDRI. The elements are expected to pave a way to an adequate level of scope definition among participants of landscape architecture projects and contribute in efficient project execution.