• 무역상무연구
• /
• 제68권
• /
• pp.197-218
• /
• 2015

China is a land of guanxi, everything is connected with guanxi. China has a business culture based on guanxi connections underpinned by strong Confucian ethics. However, there are some reasons why it is difficult for western companies to run businesses in China. Firstly, foreign firms lack the understanding and experiences necessary for doing business in China. They don't know the absence of alternatives is one of reasons that guanxi is so powerful in Chinese society. Secondly, there are many misconceptions about guanxi. It is easier for many foreign scholars or businessmen to equate guanxi with corruption due to the ambiguity of guanxi. Thus, if a foreign enterprise possesses guanxi, it can be a source of competitive advantage for doing business due to lack of law systems for anti-corruption activities in China. Furthermore, it is gaining increasing importance not only in Business to Government(B2G) but also in Business to Consumers(B2C) relationships. Therefore,managers should pay great attention to the proper use of guanxi instead of being involved in corrupt behaviours because now the governments hold a strong attitude against corruption. In particular, establishment of working guanxi through red envelops(basically giving money) or illegal gifts can cause a great problem for both parties, which were naturally accepted among most government officials and businessmen until recently.

• The Journal of Asian Finance, Economics and Business
• /
• 제6권1호
• /
• pp.107-119
• /
• 2019

This paper examines the impact of financial integration on economic growth in Southeast Asia over the period 1993-2013. This paper further investigates whether the relationship depends on the level of financial and economic development, government corruption, and macroeconomic policy. These questions raise important issues both from a theoretical and a policy perspective. We employ the generalized methods of moment (GMM) in the dynamic panel estimation framework to analyse several factors, including initial income, initial schooling, financial development, inflation, trade openness, corruption, and financial crisis. The study further analyzes the data using the EGLS model to examine the consistency of the GMM model. We found that financial integration has a significant positive effect on economic growth in Southeast Asia. Our findings suggest that increasing financial integration could improve the productive capacity of the economy, including more investments and efficient allocation of capital, and thus enhancing economic growth in this region. More specifically, the results suggest that the government should work towards eliminating corruption and stabilizing macroeconomics in order to enhance financial integration and economic growth. This paper sheds new insights on a better evaluation of the past and present theorizing on the subject of financial integration and economic growth; especially, in Southeast Asia.

• The Journal of Asian Finance, Economics and Business
• /
• 제6권1호
• /
• pp.47-58
• /
• 2019

The purpose of this paper is to examine the relationship between the nature of controlling shareholders and corporate anti-corruption practice disclosure (ACPD) as well as the mediating role of political background of the chairman or CEO of the firm on the relationship between the two. The content analysis was conducted to extract ACPD from standalone corporate social responsibility reports (CSRR) of 703 China's A-share listed companies. A dummy variable was constructed according to whether a firm disclosed ACPD or not. Logistic regression analysis was used then. Results show that the nature of controlling shareholders has a significant impact on corporate ACPD, with central enterprises disclosing the most frequently, local state-owned enterprises the second and private enterprises the least. Political background of the chairman or CEO has a negative impact on corporate ACPD of state-owned enterprises. These findings have some useful insights in understanding the rent-seeking behavior and information disclosure behavior of corporates in emerging markets. In order to curb the serious corruption problem which is commonplace in developing countries like China, the government should exert certain pressure to strengthen the supervision of information disclosure of listed firms and improve information transparency.

• International Journal of Computer Science & Network Security
• /
• 제23권5호
• /
• pp.95-108
• /
• 2023

The technological revolution, also referred to as the Fourth Industrial Revolution, it embraced by government should transform the way governments serve their citizens. The growth of broadband in Africa is leapfrogging its technological development. And thus, many African governments will soon be able to offer quality e-Government services to their citizens. These technologically driven governments will be able to provide decision-makers with timeous information to make judgments that could influence policies. Proponents of e-Government believe that in the digital age, governments can use this information to reduce corruption and increase, accountability, transparency, efficiency, and public participation. e-Government service quality should ensure customer satisfaction. Although many studies have examined the role of e-Government and the quality of its services, few studies have examined the quality of e-Government services in terms of both supply and demand. This paper examines and reviews the academic-state-of-the-art on the factors that affect the quality of e-Government services from both perspectives. Utilizing both qualitative and quantitative methods for data gathering and analysis, a mixed methods research methodology was used.

• 한국중재학회지:중재연구
• /
• 제27권4호
• /
• pp.133-156
• /
• 2017

The purpose of this paper is to take a countermeasure of the investment treaty arbitration that Lone Star claimed to the Korean government. In particular, this study suggests procedural measures to be prepared by the Korean government after the arbitration award. The actual remedy in ICSID arbitration is the annulment procedure of arbitration award. Therefore, this study analyzed the measures that the Korean government can prepare based on the annulment grounds: the inadequacy of the constitution of the arbitral tribunal, the excessive power of the arbitrator, the corruption of the arbitrator, and the serious violation of the rules. First, the Korean government should decide whether to proceed with the annulment procedure after the arbitration award. Second, if they decide to do it, they should review the grounds of annulment. For example, it is possible to analyze whether the relationship between the arbitrator and Lone Star can be properly in the constitution of the arbitral tribunal, whether Lone Star is eligible to apply for ICSID arbitration, or whether arbitration tribunal ignores the crucial evidence that can affect the arbitration award. Independently, the Korean government needs to discuss the investment arbitration appeal system in a long-term perspective.

• 한국IT서비스학회지
• /
• 제14권4호
• /
• pp.45-60
• /
• 2015

Governments around the world invest in research and development (R&D) for different purposes : national economy, defence, environment, health, etc. as a means of national survival beyond the means of national competitiveness. These are usually programs with high social impact but low short-term economic impact or large scientific programs that are too expensive and risky for private sector investment alone. The Republic of Korea has also shown a very successful model of economic progress and social development through government R&D programs. However, there have been many corruption scandals behind it while selecting awardees for government R&D programs in Korea. So, the Republic of Korea focused on reforming appraisal system for government R&D and began preparation for "Clean Appraisal System" last year. In this study, first we analyzed the related appraisal tasks through the review of laws and administrative rules and typed appraisal tasks according to the flow of the actors and time. Thus securing the information infrastructure and finally we drew the conceptual model of the system according to an open appraisal tasks by introducing an element of the OECD on open government typed appraisal tasks.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권5호
• /
• pp.795-806
• /
• 2021

This study analyzes and assesses the effect of good governance consisting of accountability, transparency, and participation on the financial performance of Pare-Pare City local government moderated by the basic values of Siri culture in the form of Lempu (honesty), Amaccangeng (intelligence), and Awaraningeng (courage). The population of this research is 200 local government employees (respondents). The results of data analysis showed that accountability and participation variables had no significant effect on the financial performance of the Pare-Pare City local government. However, the transparency variable has an influence on local government financial performance. It is hoped that all these 3 variables (accountability, transparency, and participation) will have a significant effect on local government financial performance. To achieve this, it is necessary to apply cultural values that exist in society so that cultural values can provide greater guidance in the management of regional finances. The results provide a better understanding of the importance of Siri's cultural value in the implementation of public services to the community. With Siri's cultural values in the form of Lempu, Amaccangeng, and Awaraningeng embedded in their behavior, government employees can improve performance and avoid deviant behavior or corruption. The novelty of this research is a form of analysis by using local cultural values (the basic values of Siri culture) as the moderating variable.

• 한국전자통신학회논문지
• /
• 제14권1호
• /
• pp.11-18
• /
• 2019

본고에서는 디지털범죄와 부패방지 측면에서 제4차 산업혁명시대의 바람직한 블록체인 전자정부 위상을 탐색하였다. 연구결과, 제4차 산업혁명시대의 바람직한 블록체인 전자정부 위상 구축에 있어 지향해야할 4가지 방안을 제시하였다. 결국 블록체인 기술의 핵심이념인 공유성을 통해 모든 참여자들이 정보를 공유하고 조작방지를 통해 기록한 정보에 대한 위변조를 어렵게 하며, 투명성을 통해 다양한 참여자들이 모든 정보를 공유하기 때문에 투명성이 보장되고, 나아가 이러한 다양한 참여자들이 감시자로서 수평적인 네트워킹의 거버넌스 체제 속에서 기능하면서 블록체인 자체에 대한 신뢰성의 증대 혹은 확보를 통해 전자정부에 대한 신뢰확보와 안전성에 대한 믿음을 높일 수 있다. 사실상 전자정부의 경우, 정보민주주의가 강화되는 전자민주주의 확대가 미래의 지향이념인 점에서, 또한 이를 위해서는 다양한 참여자들이 보장되는 네트워킹이 강조되는 전자거버넌스의 확립 역시 제4차 산업혁명시대의 바람직한 지향할 미래상인 만큼 도출한 블록체인의 주요이념에 따른 4가지 추진원칙과 방안에 따른 미래전자정부의 위상정립이야말로 이른바 다가올 블록체인 전자정부의 미래에 있어 가장 적합한 모델이라 할 수 있다.

• 지역연구
• /
• 제34권2호
• /
• pp.65-77
• /
• 2018

본 연구의 목적은 캄보디아와 베트남의 국가위험도와 영향요인들을 비교 분석하는 것이다. OECD와 한국수출입은행 모두 베트남보다는 캄보디아의 국가위험도를 더 높게 평가하고 있다. 국가위험도 분류에 따른 각각의 평가요소들에 대해 모수검정을 실시한 결과, 정치 사회적 위험 지표인 부패지수, 경제적 위험 중 국내경제 지표인 경제성장률, 경제적 위험 지표 중 대외거래 지표들, 경제적 위험 중 외채 관련 지표가 두 국가 간의 국가위험도 차이에 통계적으로 유의한 영향을 미쳤다. 국가위험도 분류에 따른 평가요소별 모수검정 결과를 토대로 판별요인 분석을 통해 두 국가 간의 국가위험도를 가장 잘 나타내는 요인들을 추가로 추정한 결과, 정치 사회적 위험 지표인 부패지수, 경제적 위험 중 국내경제 지표인 경제성장률, 경제적 위험 중 외채 관련 지표인 외환보유액/월평균수입이 캄보디아와 베트남 간의 국가위험도 차이를 잘 대변하는 것으로 나타났다. 결론적으로 캄보디아가 국가위험도를 베트남 수준으로 낮추기 위해서는 무엇보다도 부패척결, 수출증대 등 대외거래 확대가 필요하다고 할 것이다. 베트남 또한 지속적인 경제성장 달성과 외환보유고 증대에 주력할 필요가 있을 것이다.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권8호
• /
• pp.335-343
• /
• 2021

This paper investigates the effect of institutional quality on FDI inflows by using FDI outflows from Asian countries from 2009 to 2017. We used the FDI data from five major Asian economies, which are South Korea, China, Japan, Singapore, and Hong Kong. The gravity model was used to examine the effect of institutional quality on FDI flows. The regression model considers several independent variables, and we select the most appropriate variables by using the Bayesian Model Averaging (BMA) estimator. We have shown that foreign direct investment from Asian countries depends on the size of home and the partner countries, geographical distance, trade interaction between two countries, economic freedom, labor supply, tariff rate, and capacity of the government. The results of different estimation techniques emphasize that multinational enterprises prefer to invest in those countries which have a higher income, which shows the evidence for Lucas's paradox. The results also show that economic freedom and control of corruption have a positive impact on FDI inwards. The regression results show that better institutional quality in host countries encourages more FDIs from Asian economies. It suggests that the state should control corruption and create a free economic environment to attract FDIs.