• Journal of Information Technology Applications and Management
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• 제30권5호
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• pp.83-105
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• 2023

The purpose of this study was to investigate the impact of investment fund attributes such as fund product characteristics, returns on fund investment (ROI), internal controls, and after service on fund investor behavior based on investment information technology. In addition, we also examined how customers reinvest through emotional immersion, company trust and company satisfaction of investment firms in the context of fund investment. First, empirical results show that fund product characteristics, returns on fund investment, and financial firms' internal controls and after service act as signals to fund investors to shape their reinvestment intentions. Second, while investors are generally perceived to be interested only in investment returns, this study also shows that they consider both fund product characteristics and fund investment returns, which are core attributes of funds, as well as financial firms' internal control and after service, which are non-core attributes. Third, we find that company trust is an important factor in investors' reinvestment intentions, showing that investors are more likely to reinvest in a fund if they perceive the financial firm to be trustworthy and reliable. Finally, these findings emphasize that investors consider not only tangible aspects of fund products, such as fund product characteristics and returns on fund investment, but also intangible factors, such as financial firms' internal control and after service, and trustworthiness. Taken together, another implication is that the more advanced the investment information technology of financial firms, the more trust, satisfaction, immersion, and reinvestment intentions of investors will increase.

• The Journal of Asian Finance, Economics and Business
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• 제9권2호
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• pp.325-333
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• 2022

Foreign direct investment (FDI) and export are now often regarded as two of the most important drivers of economic growth on a worldwide scale. The impact of foreign direct investment on Vietnam's exports is investigated in this study. The data for the time period 1985-2020 was obtained from the World Bank and the Vietnam General Statistics Office. The years 1985 to 2020 were chosen to evaluate the evolution of macroeconomic parameters since 1986. The impact of the Covid-19 epidemic on renovation reform. The Johansen co-integration test proved that FDI and domestic investment (DI) had a long-term positive impact on Vietnam's export growth. The Granger causality test revealed that there is a one-way relationship between FDI and export in the near term, but no such relationship exists between DI and export. The result of the variance decomposition study demonstrates that the FDI sector has a bigger impact on Vietnam's export growth than the DI sector. Furthermore, export activities are vulnerable to FDI sector shocks. As a result, in recent years, FDI has been regarded as the most important factor of export growth in Vietnam.

• 유통과학연구
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• 제20권4호
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• pp.77-83
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• 2022

Purpose: This study aims to find the impact of international trade cooperation and distribution on foreign direct investment (FDI). The study also tests the impact of lag variables of trade cooperation and distribution on FDI in the future. Research design, data, and methodology: Autoregressive Distributed Lag model is applied to analyze the impact of chosen variables such as total trade (TRADE), trade openness (OPEN), the exchange rate (EXR), inflation (INF), and gross domestic growth (GDP) on FDI. Quarterly data is collected from Vietnam General Statistic Office, Vietnam General Department of Customs, International Monetary Fund, and The World Bank from 2006 to 2020. Stata 14 software is used to analyze the regression and test variables. Results: The findings indicate that TRADE, OPEN, INF, GDP, and their lags affect both positively and negatively on FDI in different periods. While OPEN still expresses an unclear impact on FDI. Moreover, this study proves that the FDI of a nation is influenced by international cooperation. Conclusions: This study indicates the importance of international trade cooperation and distribution in not only attracting foreign investment sources but also developing the economy. Findings are necessary bases for governments or authorities in signing international trade agreements in the future.

• Asia pacific journal of information systems
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• 제15권3호
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• pp.163-186
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• 2005

When firms are confronted with IT investment decision-makings, technical or financial factors are widely considered. However, based on sociotechnical systems theory, it is argued that in addition to the traditional factors, social issues must be considered in the IT investment decision-makings. Even though the strategic criteria of social issues within organization are important for IT investment decision-makings, the social or organizational issues are hardly considered in IT implementation and adoption(Ryan and Harrison, 2000). The objective of this study is to empirically verify how the comprehensive consideration of both of technical and organizational issues related with IT investment affects firm performance through its impact on IT technical capability and IT personnel skills. Senior managers of 153 Korean firms were surveyed, and the collected data were analyzed with PLS technique. The results of the PLS path analysis show that the comprehensive consideration of the technical and social issues affected indirectly firm performance through IT technical capability and IT personnel skills. It is found that the comprehensive consideration had a significant impact on IT technical capability and IT personnel skills, and that IT technical capability and IT personnel skills affected firm performance. IT personnel was also found to affect IT technical capability. Finally, this study found that the consideration of social factors had greater impacts on firm performance than that of technical factors.

• 융합경영연구
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• 제12권3호
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• pp.1-12
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• 2024

Purpose: As a major economy attracting foreign investment, China is currently facing significant international economic pressure due to the appreciation of the RMB. Additionally, China is at a critical period of socio-economic development, where foreign direct investment (FDI) plays an indispensable role in stabilizing economic growth, adjusting industrial structure, and promoting economic transformation. Research design, data and methodology: This paper focuses on the relationship between RMB exchange rate expectations and FDI. It examines the magnitude of their relationship through empirical research using cointegration tests, Granger causality tests, and BVAR (Bayesian Vector Autoregression) analysis. Results: The comprehensive study of the empirical results in this paper concludes that there is a long-term cointegrated relationship between China's RMB exchange rate expectations and foreign direct investment, indicating that their relationship is stable in the long run. It is also found that RMB exchange rate expectations have a significantly positive impact in the short term, but this impact is not significant in the long term. Conclusions: The paper also considers the possibility of establishing a China-EU Free Trade Area in the future and offers policy recommendations regarding RMB exchange rate expectations and foreign direct investment.

• 디지털융복합연구
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• 제17권6호
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• pp.133-144
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• 2019

본 연구의 목적은 신기술 투자가 ICT 법 제도와 정부조직 조직성과에 어떠한 영향력을 보이는지 실증연구를 하는 것이다. 연구에서는 정부조직의 ICT 투자 관심, 역량, 융합, 프로세스 변화의 영향력을 살펴보고, 정책 방향성을 제시하고자 한다. 본 연구 방법은 구조방정식을 사용하였다. 분석결과, ICT 투자 관심과 운영 역량은 ICT 법 제도에 부정적 영향을 보였고, ICT 프로세스 역할 변경과 신기술 융합은 ICT 법 제도에 긍정적 영향을 보였다. 그리고 국가정보화 기본법은 조직성과에 긍정적 영향을 보였지만, 전자정부법은 부정적 영향을 보였다. 본 연구의 시사점은 조직 연구를 경영정보 관점으로 넓혔으며, 정책적 관점에서 정부조직별로 ICT 공동 추진과 법 제도의 중첩에 따른 상호 갈등 부분의 해소가 요구된다. 향후 연구는 이전부터 현재 정권까지의 ICT 역량에 대한 종단 연구가 필요하겠다.

• 정보화정책
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• 제17권4호
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• pp.44-60
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• 2010

고용 없는 성장이 지속되는 가운데, IT가 고용에 미치는 영향에 대한 논란이 지속되고 있다. 이에 본 연구에서는 2003년부터 2008년까지 총 6년간 국내의 매출액 1,000억 원 이상 498개 기업을 대상으로 IT투자가 노동수요에 미치는 영향을 실증분석 하였다. 본 연구결과, 일부 서비스업을 제외한 대부분의 산업에서 IT투자가 노동수요를 증대시키는 것으로 나타났다. 제조업의 경우 IT투자가 증가할수록 노동수요는 증가하나, IT투자에 따른 노동수요탄력성은 작아 IT투자는 저(低)숙련 노동과는 대체관계에 있고 고(高)숙련 노동과는 보완관계에 있는 것으로 나타났다. 전력 가스 및 건설업 역시 IT투자가 증가할수록 노동수요가 증가하며, IT투자에 따른 노동수요탄력성이 가장 큰 것으로 나타났다. 서비스산업의 경우, 생산자 서비스업에서만 IT투자가 증가할수록 노동수요가 증가하였으며, IT투자에 따른 노동수요탄력성도 큰 것으로 나타났다. 한편, 유통 서비스업과 사회 서비스업에서는 IT투자와 노동수요 간에 유의한 관계가 발견되지 않았다.

• 한국유통학회지:유통연구
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• 제4권1호
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• pp.71-92
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• 1999

The basic purpose of this study is to investigate how the traits of the buyer-seller transaction-relationship relate to relationship performance, including relationship performance explicitly in the proposed model. The traits examined include relational norm, formalization, market uncertainty, and relationship investment. It is hypothesized that relational norm and formalization have positive impacts on relationships performance while market uncertainty has a minus impact. In addition, it is hypothesized that relational norm has a positive moderating impact on the effect of relationship investment--the investment and efforts for maintaining a relationship to relationship performance. A mail-survey to the manufacturers of machinery and equipment about their relationships with the parts suppliers was performed. Data provided a strong support for the hypotheses. As hypothesized, relationship performance and formalization generally had positive impacts on relationship performance and formalization generally had positive impacts on relationship performance while market uncertainty showed negative impacts. Also, there is a good evidence for the positive moderating effect of relational norm to the impact of relationship investment on relationship performance.

• 산업융합연구
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• 제19권5호
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• pp.13-19
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• 2021

본 연구에서는 ESG의 G(Governance) 구성요소인 기업의 소유·지배구조가 연구개발투자와 기업가치간 관련성에 유의미한 조절효과를 가지는가를 검증하였다. 2013~2020년 동안 KOSPI 시장에 상장된 405개 제조기업 총 2,825개의 표본을 대상으로 패널분석을 수행한 결과, 연구개발투자는 기업가치에 부정적인 영향을 미치며, 또한 이들 관계는 기업의 소유·지배구조 특성에 따라 조절됨을 발견하였다. 소유경영자에 비해 상대적으로 경영에 대한 전문지식 수준이 높은 전문경영자가 연구개발투자를 주도할 때, 연구개발투자가 기업가치에 미치는 부정적인 영향이 완화됨을 확인하였다. 또한, 외부 주요주주의 지분율이 높을수록 연구개발투자가 기업가치에 미치는 부정적 영향을 감소시켰는데, 이는 외부 주요주주의 힘이 강할수록 경영자를 효과적으로 감시할 수 있고 경영자에게 정보 공개를 요구하여 기업 내외부 주주간 정보비대칭성이 완화되기 때문으로 해석된다. 연구결과는 ESG의 요소들이 기업가치에 직접적인 영향을 미칠 뿐 아니라 기업가치에 대한 조절효과를 가질 수 있음을 시사한다.

• Asia Marketing Journal
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• 제22권3호
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• pp.1-28
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• 2020

With the development of information and communication technology and spread of smart devices, online information exchange has become a daily routine. Accordingly, the management and utilization of online word of mouth (WOM) has become an important issue for companies. Numerous studies have examined the impact of online WOM on firm performance. This study analyzes the impact of negative word of mouth (NWOM) on firm value, considering the influence of corporate social responsibility (CSR) activity and research and development (R&D) investment. Using a hierarchical linear model, we find that 1) NWOM has a negative impact on firm value, 2) CSR activities do not significantly influence this impact, and 3) R&D investment reduces this negative impact. This study contributes by demonstrating the effect of NWOM on firm value, examining the influence of CSR activities and R&D investment on the impact of NWOM, and confirming that the hierarchical linear model can be applied effectively to panel data in empirical studies. As a practical implication, companies must prevent and manage NWOM, whose impact, when caused by an unavoidable incident, can be alleviated by proactively announcing that the company is striving for competitiveness, for instance, by investing in R&D.