• Title/Summary/Keyword: Empirical relationship

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A Study on the Relationship between expected stock return and volatility (기대수익률과 주가변동성의 관계 연구)

  • 고광수
    • Journal of the Korean Operations Research and Management Science Society
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    • v.22 no.2
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    • pp.153-167
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    • 1997
  • There have been many studies concerning the relationships between stock returns and volatilities. Their positive relationship is well known from the theoretical point of view, but not empirically shown. Franch, Schwert and Stambaugh [11] has empirically provided the indirect evidence of the positive relationship betwen expected stock return and expected volatility. However, their study lacks some statistical validity. This study reexamines the relationship using regression diagnostics and GARCH model from an international point of view. The empirical results fall to show the positive relationship between expected stock return and expected volaiility, which contradicts those of France, Schwert and Stambangh [1].

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An Empirical Study at Firm Level on New Technological Trade Theory (신기술무역이론의 미시적 실증연구)

  • 김선홍
    • Journal of Korea Technology Innovation Society
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    • v.1 no.2
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    • pp.192-207
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    • 1998
  • This paper focuses on the relationship between innovation and export performance of technology-based firms in Korea. This study analyses the relationship between innovative activity and firm's performances using a sample of 760 technology-based firms in Korea. As for the firm's performance indicators, export is employed. The empirical results support that innovation has a positive effect on firm's export performance. However, for small and medium firms, the relationship between innovative activity and export performance is an U-shape quadratic form, which shows that small firms takes a minimum innovative expenditure in order to access the abroad market. Also, with product differentiation, innovative firms tends to devot more to domestic market than to abroad market. Therefore, it can be concluded that innovative activity builds market power and accelerates export performance. And product differentiation through advertising expenditure make innovative firms less exporting.

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Relationship between Target Costing Practices and Organizational Performance : An Empirical study (원가기획시스템의 실무수준과 성과간의 관련성에 관한 실증연구)

  • 육근효
    • Journal of Korean Society for Quality Management
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    • v.31 no.3
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    • pp.1-18
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    • 2003
  • Target Costing research has a long history in the study of management control systems. However, there is very little published empirical analysis studies on Target Costing. This study investigate the impact of Target Costing practices on organizational performance. This study uses survey responses from executive at 125 Target Costing practicing firms to better understand the benefits that firms have experienced through Target Costing adoption and whether a more comprehensive implementation is worthwhile. The research results demonstrate that Target Costing has a positive and significant relationship with low cost, efficiency of R&D, and interaction facilitation. In particular, there is significant and positive relationship between organizational structure and performance. This study indicate that Target Costing is a vital management strategy to build and sustain competitive advantage.

Empirical Study about Relationship between Factors Influencing Korean User's Intention to Use the Internet Banking Service (국내 인터넷 뱅킹 사용자의 이용의도에 영향을 미치는 요인간 관계에 관한 실증연구)

  • Lee, Kun-Chang;Chung, Nam-Ho;Lee, Jong-Shin
    • Asia pacific journal of information systems
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    • v.12 no.3
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    • pp.191-212
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    • 2002
  • Recently, Internet banking becomes a major trend in the financial marketplace. However, there are few researches to investigate relationship between factors influencing user's intention to use the Internet banking service. Therefore, this paper is aimed at analyzing the Internet banking service user's intention to use empirically. Our research framework is basically based on TAM(Technology Acceptance Model) proposed by Davis(1989). Empirical results using path analysis revealed that experience has a direct relationship with intention to use, while those three factors like perceived risk, self-efficacy, technical support indirectly affect intention to use.

A Study on the SCM Strategy of Korea & China Logistic Industrial (한/중 물류산업의 SCM 전략에 대한 연구)

  • Choi, Chang-Yeoul
    • International Commerce and Information Review
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    • v.10 no.1
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    • pp.237-256
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    • 2008
  • In recent years, most of Supply Chain Management literature has emphasized the importance of information sharing among supply chain partners, but empirical researches are few until now, especially in Korea. The purpose of this study is to develop an empirical model focusing on information exchange among partners in supply chain, and to analyze the main factors influencing the causal relationship between information exchange and performance. Based on cross-sectional questionnaire survey on Korean manufacturing firms, this study analyzed the factors influencing information exchange such as environmental factors, organizational factors, relationship factors, and information characteristics of the sample firms. Our major findings might provide many useful insights for managers in exploring the most efficient system for information exchange among partners in the context of SCM.

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Effect of Centralization in Decision Making Upon Real Option Utilization : Empirical Approach of Cloud Service Implementation in Korean Small & Medium Sized Firms (의사결정 집중화 수준과 불확실성이 실물옵션 활용에 미치는 영향에 대한 연구 : 국내 중소기업 클라우드 서비스 도입에 대한 연구)

  • Kim, Taeha;Nam, Seunghyeon;Yang, Heedong
    • Journal of Information Technology Applications and Management
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    • v.24 no.4
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    • pp.117-131
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    • 2017
  • We question whether Korean IT managers consider real options to reduce risks of cloud service implementation. This work investigates the impact of technology risk, relationship risk, economy risk, security risk upon the intention of IT managers to utilize abandon & expansion options. We also analyze moderation effect of centralization level of decision making between these risks and the utilization of real options. Using the survey questionnaire, we empirically find that technology risk, relationship risk and security risk have significant effect upon abandon option and technology risk, relationship risk, and economy upon expansion option. We also find the evidence that centralization level moderates some risks and the direction of moderation effect is to offset the effect of risks on intention to utilize real options.

The Effect of Organizational Culture and Safety Climates on Safety Behavior and Accidents: Focused on the metro train drivers (조직문화와 안전풍토가 안전행동 및 사고에 미치는 영향: 도시철도 기관사를 중심으로)

  • Ro, Choon-Ho;Shin, Tack-Hyun;Lee, Yong-Mann;Gu, Seung-Hwan;Kim, Seung-Tae
    • Journal of the Korea Safety Management & Science
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    • v.16 no.4
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    • pp.91-99
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    • 2014
  • This study highlights the theme of human error of train drivers, conducting empirical analysis on the relationship between organizational culture, safety climates, safety behavior, and accident. The empirical test results based on questionnaires received from 223 train drivers working at A subway firm indicated that relationship conflict and psychological reward as the elements of organizational culture variables showed a significant positive effect on CEO philosophy, communication, and boss's leadership. And only boss's leadership showed a positive influence on safety behavior, which in turn showed a significant negative relationship with accidents.

An Empirical Analysis of Orientation Relationship of Korean Freight Forwarders with Chinese Forwarders (한국운송주선업체의 중국업체에 대한 관계지향성 인식에 관한 연구)

  • Cho, Sam-Hyun
    • Journal of Navigation and Port Research
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    • v.28 no.8
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    • pp.699-707
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    • 2004
  • The purpose of this paper is to conduct an empirical analysis in order to how cooperative relationships such as joint venture, management cooperation and agency contracts affect the business performance of Korean freight forwarders. In order to fulfill the paper objective, this paper examines the roles of freight forwarders and business environment of Chinese markets.

An Empirical Study on the Effect of R&D Investments on the Business Performance of Defence Industries (방산업체의 연구개발 투자활동이 경영성과에 미치는 실증적 연구)

  • Hwang, Eui-Sang;Song, Young-I1
    • Journal of the military operations research society of Korea
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    • v.34 no.1
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    • pp.47-59
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    • 2008
  • This paper deals with an empirical study to statistically analyse various business performance on research and development(R&D) as an independent variables. The major results of statistical analyses have come up with the followings : First, the regression analyses between the growth rate and the opportunity of education showed the positive relationship. Second, the regression analyses between the productivity and the expenses of R&D showed the positive relationship. Third, the regression analyses between the profit and the mutual cooperation showed the positive relationship.

Investing Abroad, Transforming at Home: An Empirical Study of Outward Foreign Direct Investment and Korean Manufacturing's Servicification

  • Yonggeun Jung;Jung Hur
    • East Asian Economic Review
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    • v.28 no.2
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    • pp.143-174
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    • 2024
  • This paper empirically examines the relationship between outward foreign direct investment (OFDI) of Korean manufacturing firms and the servicification of domestic employment using a firm-level panel data. In this study, considering the issue of low productivity in the Korean service sector, we categorize service employment into core and non-core services and investigate their relationship with OFDI using the firm-fixed effects model. The empirical results show that the share of core service employment exhibits a positive correlation with the extensive OFDI. On the other hand, the share of non-core service employment, which is expected to generate relatively low value-added, does not show a significant relationship with the extensive OFDI. When we divide the samples based on host countries and the type of subsidiaries, the impact on servicification varies depending on the technological capabilities of host countries and their participation in global value chains. Our study suggests that Korean manufacturing firm's internationalization strategies may facilitate a transition from labor-intensive employment, like the cases in advanced countries, to technology-intensive employment through OFDI and other means.