• 통상정보연구
• /
• 제11권3호
• /
• pp.311-335
• /
• 2009

This study investigates the factors barrier the performance of Korean manufacturing firms in China. Also an empirical data use the field survey of Korean manufacturing firms in China. as a result, First, we find that employment-cost factor, that is rising labor costs, a change of occupation is an effect the performance of Korean manufacturing firms in China. Second, business beginning year and by 7 region factor is very significant on the performance of Korean FDI firms in china. And then, Korean corporate investment in China is a desirable form of long-term investment shall be determined. also we know that regions of China, differentiated investment approach is effective. finally, The result shows that FDI to China is need of the long term plan, and In actual use, these FDI should be applied flexibly in china business environment.

• The Journal of Asian Finance, Economics and Business
• /
• 제3권1호
• /
• pp.5-14
• /
• 2016

This paper investigates announcement effects of the outward foreign direct investment (FDI) projects of the Korean multinational companies. Although the FDI is considered corporate activity that can provide various benefits beyond financial resources, the most previous research focused on macro analysis such as country-level and industry-level analysis instead of the firm-level study, which is required to decide the investment project from a management perspective. Thus, this study examines the relationship between the outward FDI activities of the Korean corporations and their financial performance to fill the gap in this area.

• 국제지역연구
• /
• 제13권3호
• /
• pp.637-665
• /
• 2009

1990년대 이후 세계경제의 글로벌화로 인해 자본이동과 투자규모가 증대되면서 전 세계 해외직접투자가 급격히 증가하였고, 해외직접투자가 국가경쟁력 강화에 미치는 영향 또한 증대되었다. 본 연구는 한국, 중국, 일본을 대상으로 해외직접투자 개시 시점에서 현재에 이르기까지 각 국의 해외직접투자가 역사적으로 어떻게 전개되어 왔으며 어떠한 특성을 보이는지를 비교분석하였다. 역사적 전개와 특성의 비교분석을 위해 제도적관점, 자원기반관점, 산업기반관점 등 국가, 기업, 산업수준의 요인들을 고려하여 다음과 같은 결론을 도출하였다. 첫째, 제도적인 요소가 공통적으로 3국의 해외직접투자를 이끈 주된 요인이며 둘째, 투자 동기변화에 있어 한국과 일본이 유사한 경로를 가지는 반면, 중국은 상이한 경로를 보여주고 있다. 셋째, 3국의 해외직접투자 성장 속도는 요소조건과 수요조건에 의해 달라진다.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권8호
• /
• pp.109-121
• /
• 2022

The study empirically examines the horizontal spillover effects of foreign direct investment (FDI) on the productivity of Indian pharmaceutical firms. Robust least squares and the Generalized Method of Moments estimators are applied for the firm-level panel data of Indian pharmaceutical companies whose shares were traded on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The information was collected from the Centre for Monitoring Indian Economy (CMIE) Prowess database from 2015 to 2019. Based on the regularity in data availability, the sample firms are limited to 112 companies, 100 of which are domestic firms and 12 international firms. Firms with more than 10 percent foreign equity are classified as FDI firms, while those with less than that are classified as domestic firms. Estimation results show that foreign ownership does not contribute to the productivity of domestic firms. Due to increased competition, the Indian pharmaceutical companies with foreign equity participation are not more productive than local ones. Moreover, the findings reveal a negative and insignificant horizontal spillover effect from FDI on the productivity of domestic enterprises. The absence of horizontal spillovers may be attributable to foreign enterprises' ability to prevent technological outflow to competitors in the same industry.

• 무역상무연구
• /
• 제27권
• /
• pp.183-213
• /
• 2005

This study is achieving overseas investment to be kept and manages important position in business scope because Korean Company achieves business in major market in world and goes forward. under proposition that development(foreign direct investment) previous engagement can not but differ with advanced nation enterprise's model in over sea direct investment achievement. Grasp ramification(pattern change substance) of overseas direct investment since the 1990 to korean manufacture Firm(enterprise). Seek political consultation by analyzing change of factor and investment decision factor by year in dimension by industry investment winter season by year affecting in oversea direct investment and was attained in purpose to verify existent theory's explanation power connected with investment previous engagement. This is that can develop and procure competitive advantage of enterprise peculiarity by making overseas direct investment adversely with existent theory that can make foreign country direct investment though there is high position of enterprise characteristic's competitive advantage and move of knowledge and information is important in korean firm's overseas direct investment in globalization roadbed in at least own field through change and renovation establish experiment model under proposition that should grope more active previous engagement than advanced nation enterprise and arranged subject of study if it is korean's firm that wish to become universal guidance enterprise. and examine trend of direct investment and actual conditions invested first in the foreign countries as examples by investment department, by investment industry inside of investment scale etc..., establish korean firm's invest area selection and decision and investment very important person and effect analysis Circumstance-model that is based in strategic adaptedness by year. Circumstance-variable have influenced how in overseas direct investment and decision and what variable will be considered first in over sea direct investment did Empirical analysis in here after

• 국제지역연구
• /
• 제17권4호
• /
• pp.43-63
• /
• 2013

이 논문은 한국이 체결한 자유무역협정(FTA)이 해외직접투자를 추진하고 있는 한국기업들의 생산성에 어떠한 영향을 미치는 가를 분석하기 위해 작성되었다. 특히 기업규모에 따라 영향의 차별이 나타나는지를 보기 위해서 기업대상을 대기업과 중소기업으로 나누어서 FTA 체결을 전후로 총요소생산성의 변화가 나타나는지를 조사하였다. 조사기간은 2002년부터 2010년까지로 하고 국내 모기업과 해외 현지법인의 기업별 자료를 이용하였다. 분석결과 FTA를 체결한 나라들에 투자한 한국기업들 중 중소기업의 모회사와 해외현지법인은 FTA 발효후 생산성이 상승하는 것으로 나타났고, 대기업의 경우는 유의성을 발견하지 못하였다. 이는 자유무역협정이 대기업에 유리한 영향을 줄 것이라는 일반적인 견해와 다른 것이다. 중소기업의 생산성이 상승한 배경에는 FTA 발효이후 모회사는 자본집약적 성향이 더 강해졌고, 해외현지법인의 경우는 한국으로의 수출이 증가한 것 등이 작용하고 있음을 발견하였다.

• 통상정보연구
• /
• 제11권4호
• /
• pp.77-109
• /
• 2009

The purpose of this study is to review the current trend of FDIs by Korean companies into EU, and to present the optimal strategies for them to combine their firm-specific factors and FDI attractiveness of the regions in EU. The companies are divided into two categories, SMEs and large enterprises. The regions of EU are composed of 15 incumbent members before the fifth enlargement in 2004 and 12 new members. Large Korean companies tend to make large investments in 15 incumbent members with stable and mature markets. Korean SMEs, by contrast, mainly invest on small scales in the new members due to the lack of their available inner resources and knowledge for the markets. The main objects of the investments in EU by the large Korean companies are to gain more market share and to acquire the advanced technologies. Although such goals are also important for the SMEs, the most important objects for the investments by Korean SMEs in EU are usually to enter EU markets and to take advantage of the relatively cheap labor forces for the efficient operations. The effects of such passive strategies by the SMEs, however, are expected to extinct because the cost advantages in regions of the new EU members will not last in the long term, so the SMEs must take longer views for the choice of locations. Many empirical results suggest that the optimal FDI strategies for the Korean companies in EU could be worked mainly by more aggressive localization policy of companies and by the cooperations of SMEs and large enterprises for the reduction in costs of foreignness.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권8호
• /
• pp.487-496
• /
• 2021

This study examines the environmental performance of firms in Vietnam and its determinants. The contribution of the paper is on both theoretical and empirical aspects. On the theoretical matter, the research proposes a new index measuring environmental management at the firm level, namely the Environmental Management Index with a clear illustration for the case of Vietnam. On the empirical matter, the study points out and estimates determinants of the corporate environmental performance of Vietnamese firms measured by the newly proposed index. Due to data availability and the impossibility of getting more updated data, the empirical analysis covers only the period from 2004-2009. However, findings are still meaningful because, on the one hand, it provides some evidence for Vietnamese policymakers; on the other hand, with the robust methodology proposed, when more recent data are available, researchers can easily replicate the estimation for more insights. Empirical results show that factors having positive impacts on the environmental performance of Vietnamese firms are profit, capital stock, and interestingly public pressure proxied by the population of the province where the firm is located. Firm ownership does also matter in explaining the corporate environmental performance of Vietnam.

• 통상정보연구
• /
• 제9권4호
• /
• pp.439-460
• /
• 2007

The purpose of this paper is to study on export factor of Korean into China by 31 Province and City. Using the panel data on Korean export factor in China for the years 1998-2005, we examined the factors determinants of import in China(by region)from Korean firms. This study based on Gravity Model to extend and fixed & random effect Model. The result of analysis is as follows : The effect of significant on Import from Korean is FDI from Korea, export into world, import from world, population in region. But per GRDP, consumption, FDI into world variable is statistically insignificant. Also coastal region variable is not a clear.

• Journal of Korea Trade
• /
• 제23권2호
• /
• pp.88-109
• /
• 2019

Purpose - This paper examines the effects of host country's non-economic factors on foreign affiliate's financial and operational performance. Design/Methodology - Using Korean-owned foreign affiliate-level data, we employ various measures that represent host country's non-economic factors and examine their effects on foreign affiliate's performance. We further investigate the effects of local top managers and local middle managers on the impact of country's non-economic factors on foreign affiliate's performance. Findings - We find that local top managers are effective in increasing foreign affiliate's financial performance by dealing with institutional and cultural factors, particularly in high-income countries, while local middle managers are effective in increasing affiliate's operational performance by responding to the changes in doing business factors, particularly in low-income countries. Originality/value - Considering that most of previous FDI studies focus on examining host country's economic factors on firm's FDI decision, our findings suggest that country's non-economic factors are strongly associated with actual business performance of foreign affiliates.