• Title/Summary/Keyword: M&A

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An Empirical Analysis of the Characteristics of Acquiring Manufacturing Firms in Korea : The Focus on Environmental Factors and Firm Performance (합병한 국내 제조기업들의 특징에 관한 실증적 연구 : 환경적 요인과 기업성과를 중심으로)

  • Lee, Younsuk;Park, Soohoon
    • Korean Management Science Review
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    • v.32 no.2
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    • pp.91-109
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    • 2015
  • The M&A of firms has been emerged as the effective means of fast diversification and growth in dynamic environment. However, the empirical research about M&A in Korea has not been implemented rich due to the difficulty of obtaining M&A data. In this research, we empirically investigate the relationships among M&A, environment and firms' performance focused on Korean manufacturing firms, understanding the current practice of M&A in Korea. We use the Manufacturing Productivity Panel Survey Data, which are collected by Korea Productivity Center in 2013. The sample size is 575 and the sample is divided into M&A group and non-M&A group. We conduct logit analysis with the independent variables of environment factors (munificence, dynamic, uncertainty), and firms' performance (sales growth, ROS, labor productivity and Inventory turnover), and dependent variable of M&A group or non M&A group. The results show that M&A is closely related to environment feature and firm performance: M&A firms are likely to be the higher munificence and dynamic and the lower sales growth and higher profitability than non-M&A group. In addition, we also examine the characteristics of firms by M&A types (competitors, customer/supplier and firms from unrelated industry). These results imply that if firms confront the pressure of uncertainty (dynamic) and the lower growth, they tend to choose M&A. Futhermore, to profoundly understand the behavior of firms about M&A, it is required to classify the M&A firms by merge types.

ASSOCIATED PRIME SUBMODULES OF A MULTIPLICATION MODULE

  • Lee, Sang Cheol;Song, Yeong Moo;Varmazyar, Rezvan
    • Honam Mathematical Journal
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    • v.39 no.2
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    • pp.275-296
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    • 2017
  • All rings considered here are commutative rings with identity and all modules considered here are unital left modules. A submodule N of an R-module M is said to be extended to M if $N=aM$ for some ideal a of R and it is said to be fully invariant if ${\varphi}(L){\subseteq}L$ for every ${\varphi}{\in}End(M)$. An R-module M is called a [resp., fully invariant] multiplication module if every [resp., fully invariant] submodule is extended to M. The class of fully invariant multiplication modules is bigger than the class of multiplication modules. We deal with prime submodules and associated prime submodules of fully invariant multiplication modules. In particular, when M is a nonzero faithful multiplication module over a Noetherian ring, we characterize the zero-divisors of M in terms of the associated prime submodules, and we show that the set Aps(M) of associated prime submodules of M determines the set $Zdv_M(M)$ of zero-dvisors of M and the support Supp(M) of M.

RATIONAL DIFFERENCE EQUATIONS WITH POSITIVE EQUILIBRIUM POINT

  • Dubickas, Arturas
    • Bulletin of the Korean Mathematical Society
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    • v.47 no.3
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    • pp.645-651
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    • 2010
  • In this note we study positive solutions of the mth order rational difference equation $x_n=(a_0+\sum{{m\atop{i=1}}a_ix_{n-i}/(b_0+\sum{{m\atop{i=1}}b_ix_{n-i}$, where n = m,m+1,m+2, $\ldots$ and $x_0,\ldots,x_{m-1}$ > 0. We describe a sufficient condition on nonnegative real numbers $a_0,a_1,\ldots,a_m,b_0,b_1,\ldots,b_m$ under which every solution $x_n$ of the above equation tends to the limit $(A-b_0+\sqrt{(A-b_0)^2+4_{a_0}B}$/2B as $n{\rightarrow}{\infty}$, where $A=\sum{{m\atop{i=1}}\;a_i$ and $B=\sum{{m\atop{i=1}}\;b_i$.

A Research on Characteristics Tests for Current Transformers with Maximum mA Secondary Current of 250 mA (250 mA 이하 출력전류를 갖는 전류변성기 특성평가 연구)

  • Song, Kwang-Jae;Lee, Il-Ho;Song, Sang-Hoon
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.12
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    • pp.2127-2137
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    • 2016
  • In this paper, characteristic tests for current transformers with maximum mA secondary current of 250 mA is performed. The purpose of this paper is not only to test the mA current transformers by following the IEEE Draft Standard for Current Transformers with Maximum mA Secondary Current of 250mA, but also to take into consideration certain applications in the use of the mA CTs for billing purposes.

Trend and Implications of Merger&Acquisitions of Construction Industry in Korea (건설 분야 M&A의 동향과 시사점)

  • Kim, Jin-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.11a
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    • pp.206-207
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    • 2013
  • In the recent years, the subject of the M&A of construction company has become one of important issue in the domestic construction industry. Therefore, the purpose of this research consider the rational plans of M&A not only for systematizing types about process of M&A in construction industry, but also for analyzing the significant characteristic of M&A in korea. To achieve this objective, this research performs a case study of M&A to embody the major trend and implications. The results of this research based on this methodology can be systematized as falling into two areas : 1)the primary types of M&A were divided into 4 categories by analyzing the results of interview, 2)the process of M& A from the result of case study.

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A BIFURCATION ANALYSIS FOR RADIALLY SYMMETRIC ENERGY MINIMIZING MAPS ON ANNULUS

  • Chi, Dong-Pyo;Park, Gie-Hyun
    • Communications of the Korean Mathematical Society
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    • v.9 no.2
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    • pp.355-359
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    • 1994
  • It would be interesting to know if energy minimizing harmonic maps between manifolds have symmetric properties when the manifolds under consideration have some. In this paper, we consider among others radial symmetry. A radially symmetric manifold M of dimension m is the one with a point, called a pole, and an O(m) action as an isometric rotation with respect to the pole, or more precisely a radially symmetric manifold M has a coordinate on which the metric is of the form $ds_{M}$$^2$ = d$r^2$ + m(r)$^2$d$\theta^2$ for some function m(r) depending only on r. Of course m(0) = 0, m'(0) = 1, and when m(r) = r, (M, $ds_{ M}$/$^2$) is the Euclidean space $R^2$.(omitted)

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A NOTE ON MONOFORM MODULES

  • Hajikarimi, Alireza;Naghipour, Ali Reza
    • Bulletin of the Korean Mathematical Society
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    • v.56 no.2
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    • pp.505-514
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    • 2019
  • Let R be a commutative ring with identity and M be a unitary R-module. A submodule N of M is called a dense submodule if $Hom_R(M/N,\;E_R(M))=0$, where $E_R(M)$ is the injective hull of M. The R-module M is said to be monoform if any nonzero submodule of M is a dense submodule. In this paper, among the other results, it is shown that any kind of the following module is monoform. (1) The prime R-module M such that for any nonzero submodule N of M, $Ann_R(M/N){\neq}Ann_R(M)$. (2) Strongly prime R-module. (3) Faithful multiplication module over an integral domain.

ON WEAKLY (m, n)-PRIME IDEALS OF COMMUTATIVE RINGS

  • Hani A. Khashan;Ece Yetkin Celikel
    • Bulletin of the Korean Mathematical Society
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    • v.61 no.3
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    • pp.717-734
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    • 2024
  • Let R be a commutative ring with identity and m, n be positive integers. In this paper, we introduce the class of weakly (m, n)-prime ideals generalizing (m, n)-prime and weakly (m, n)-closed ideals. A proper ideal I of R is called weakly (m, n)-prime if for a, b ∈ R, 0 ≠ amb ∈ I implies either an ∈ I or b ∈ I. We justify several properties and characterizations of weakly (m, n)-prime ideals with many supporting examples. Furthermore, we investigate weakly (m, n)-prime ideals under various contexts of constructions such as direct products, localizations and homomorphic images. Finally, we discuss the behaviour of this class of ideals in idealization and amalgamated rings.

m-PRIMARY m-FULL IDEALS

  • Woo, Tae Whan
    • Journal of the Chungcheong Mathematical Society
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    • v.26 no.4
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    • pp.799-809
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    • 2013
  • An ideal I of a local ring (R, m, k) is said to be m-full if there exists an element $x{\in}m$ such that Im : x = I. An ideal I of a local ring R is said to have the Rees property if ${\mu}$(I) > ${\mu}$(J) for any ideal J containing I. We study properties of m-full ideals and we characterize m-primary m-full ideals in terms of the minimal number of generators of the ideals. In particular, for a m-primary ideal I of a 2-dimensional regular local ring (R, m, k), we will show that the following conditions are equivalent. 1. I is m-full 2. I has the Rees property 3. ${\mu}$(I)=o(I)+1 In this paper, let (R, m, k) be a commutative Noetherian local ring with infinite residue field k = R/m.

Characteristics of Kochujang Prepared by Monascus anka koji (홍국 코오지를 이용한 고추장의 특성)

  • 서형주;정수현;홍재훈;이효구;조원대
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.28 no.1
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    • pp.61-66
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    • 1999
  • The purpose of this study was to improve the palatability of kochujang. The activities of liquefying amylase and saccharogenic amylase in Monacus anka koji were lower than those in Asp. oryzae koji. The acid protease activity(1.4 units/g) in M. anka koji was also lower than that(1.6 units/g) in Asp. oryzae koji. Glucosamine amount in Asp. oryzae koji was 1075 g, and that in M. anka koji was 318 g. Four kinds of Kochujang were prepared with Asp. oryzae koji(A), M. anka koji(M), mixed koji of Asp. oryzae and M. anka(A+M), and mixture of M. anka koji and malt(M+M). The pH of four kinds of kochujang was 5.1 in the beginning and was between 4.70~4.83 after 120 days of fermentation. Reducing sugar of kochujang was between 16.3~20.7% after fermentation and kochujang prepared with M+M showed the highest reducing sugar content. Amino nitrogen of kochujang was between 182 mg%~230 mg% after fermentation and the highest amino nitrogen content was observed at kochujang prepared with A+M. Kochujang prepared with M and M+M showed higher a value than kochujang prepared with A and A+M.

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