• Title/Summary/Keyword: Market Shares

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Stock Excess Return, R&D intensity and Market Concentration: A Study of IT Firms in India

  • Sahu, Santosh K.;Narayanan, K.
    • Asian Journal of Innovation and Policy
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    • v.4 no.2
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    • pp.200-216
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    • 2015
  • This paper empirically investigates the role of R&D intensity on market concentration of firms using four key market valuation variables, namely (1) market share, (2) labor intensity, (3) firm age and, (4) firm's market value. The empirical tests use database at firm level for the Indian IT sector from 1999 to 2013 from the CMIE Prowess database. The results of the regression analyses partially support our hypothesis that R&D intensity positively influences firm's market value measure by the H-index. The test results are consistent with the hypotheses that R&D spending is more valuable for firms with larger market shares, higher labor intensity, and firms that are diversified.

The Analysis of Effect of New Mobile Number System in Korean Mobile Market (이동통신시장 번호제도 개편 효과 분석)

  • Park Myung Ho;Oh Wankeun;Lee Choong Seop
    • Journal of Korea Technology Innovation Society
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    • v.7 no.3
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    • pp.555-580
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    • 2004
  • We analyzed the effect of 6-month lagged number portability policy and introduction of common number among carriers on Korean mobile market. Our result shows that the policy change contributed to both the increase in number of mobile subscribers and decrease in dominant carrier's market share. We found that unified prefix among mobile operators is more effective than the lagged number portability policy. The carriers' profit, however, decreased a lot due to excessive marketing expenditure. We also estimated market shares of carriers up to year 2005 when full number portability policy is adopted. The results show that dominant carrier's monopolistic power will be recovered by the end of 2005 implying government's number policy itself cannot guarantee the effective competition in Korean mobile market.

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기업용데이터서비스 간 대체성 분석 및 신규서비스 포지셔닝 전략 제언

  • 유광숙;최문기
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2001.10a
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    • pp.350-353
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    • 2001
  • As different service classifications for existing and new business data services, it is hard to gather necessary data for the service providers to set their strategies and regulations are also applied asymmetrically to each service provider. Therefore an appropriate market classification is required for the business data services. The Hendry model is selected in this paper to analyze substitution degree among services and then Hendry model is applied to competition among four business data services. As a result, it is shown that these services compete directly and future market shares of services are forecasted and positioning strategy for new services is considered.

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Present Status and Prospects of Oyster Industry in Korea

  • Cho Chang-Hwan
    • Journal of Aquaculture
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    • v.9 no.4
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    • pp.303-309
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    • 1996
  • Oyster is the most important item next to tuna based on the market value in Korea's fisheries exports and it shares more than $90\%$ of the world oyster market. Oyster industry is a vital component of the Korea's aquaculture industry. However, it has faced many problems such as (1) a lower productivity of the culture system, (2) an environmental deterioration of the farming area, (3) a higher labor cost, (4) a shortage of of oysters to export, and (5) a poor seedling in nature. Therefore, including it's business forecast, the above problems and some countermeasures are discussed in this paper.

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Exchange Rate Pass-Through, Asymmetric Responses and Market Shares (환율 변동의 비대칭적 전이와 시장점유율)

  • Tcha, MoonJoong
    • KDI Journal of Economic Policy
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    • v.27 no.1
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    • pp.185-209
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    • 2005
  • This study examines ERPT with asymmetric response and both import and export market shares, using wool trade data. The study found that, asymmetric response may be as common as symmetric response. In addition, the responses (both in price and quantity demanded) to the changes in exchange rate are considerably different across goods, and even for the homogenous goods, across countries. In case of depreciation, the export price changes more than appreciation case in general, and as a result the destination price changes less. It is also found that the cases of excessive or perverse pass-through are found more frequently than reported by previous studies. This finding points out that strategic behavior of firms or unexpected response to exchange rate fluctuation takes place more frequently than we commonly expect or take, in particular at disaggregated levels. When the model considers asymmetric responses of the export price to appreciation and depreciation (of exporter's currency), the estimation provided that for 39 trade cases out of 83, export price responded to appreciation and depreciation in different fashions, although the normal response was the dominating phenomenon with 99 cases or about 60% out of 166 cases. Market shares affected the extent and direction of responses in select cases. These findings will have important implications for policy makers and traders.

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Changes in Household Saving Rate and the Influencing Factors (가계 저축율의 변화 추이와 영향요인 분석)

  • Lee, Seong-Lim
    • Journal of the Korean Home Economics Association
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    • v.49 no.8
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    • pp.37-46
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    • 2011
  • Using the 1987-2008 quarterly aggregated data of the Household Income and Expenditure Survey, this study investigated the factors influencing household saving rate. The independent variables in the AR regression model were the GDP growth rate, shares of the total household expenditure allocated to tax & social insurance, and education, the variables reflecting the conditions of the asset market including interest rate, stock market index, and real estate price index, and the variables representing the social economic conditions including the index of aging and income inequality. Among the independent variables interest rate, stock market index, and income inequality were found to be significantly associated with the household saving rate. These results suggested that the redistribution and financial market policies favorable to savers may be effective for raising the household saving rate.

Information Transmission Between NYSE Listed Chinese ADRs and Their Underlying Shares (뉴욕증시의 중국 ADR과 원주사이의 정보전이효과)

  • Kim, Kyung-Won;Choi, Joon-Hwan
    • The Korean Journal of Financial Management
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    • v.23 no.2
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    • pp.171-187
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    • 2006
  • This paper investigates the pricing information transmission between NYSE listed Chinese ADRs and their underlying shares by using GJR. The data in this study consist of daytime and overnight returns on 7 chinese stocks End their ADRs on the NYSE for the period from December 2002 to december 2005. We have round that the home market leadership hypothesis can be applied to the Chinese stocks. We have also found that return spillover effect is stronger than volatility spillover effect.

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Analysis of Gas Turbine Competitiveness and Adequacy of Electricity Market Signal in Korea (한국 전력시장에서의 가스터빈(GT) 발전기 경쟁력 및 시장 미진입 적정성 분석)

  • Kim, Eun Hwan;Park, Yong-Gi;Park, Jong-Bae;Roh, Jae Hyung
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.66 no.8
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    • pp.1172-1180
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    • 2017
  • This study analyzed competition in peak load plants between CCGT and GT instead of competition between base and peak load plants like in previous studies. In common overseas power markets, CCGT and GT claim certain market shares as peak load plants with the latter boasting a high utilization rate as reserve plants. In South Korea, however, there has been no introduction of GT in the market that opened in 2001 with no analysis cases of GT's economy as a peak load plant. The current power market of South Korea is run on the cost-based pool, which allows for no price spikes. Since the capacity payment criteria for compensations for missing money are set based on GT generators, the power market uses GT generators as marginal plants. The purposes of this study were to analyze the competitive edge of GT generators as peak load plants in the domestic power market of South Korea and identify the causes of GT's failure in market entry, thus assessing the adequacy of market signals in the domestic power market.

Policy Options for the Effective Increasing Competition in the Mobile Market Case Study of the UK Mobile Market (이동통신시장 경쟁활성화 방안: 영국사례를 중심으로)

  • 조은진;변재호
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2002.05a
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    • pp.395-399
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    • 2002
  • The UK mobile market continues to grow as much as 73 percent of UK adults had a mobile telephone in August 2001. As a result of increasing competition, market shares of 4 operators, Vodafone, BTCellnet, One2One, Orange, in the UK mobile market become to be balanced. This paper examined driving factors for increasing competition and balancing market in the UK mobile market. In the Korean mobile market, leading operators' market share continues to be bigger than new entrants. Users have been decreased opportunity selecting operators by M&A. This paper discussed the policy options for the effective competition in the Korean mobile market based on the case of the UK mobile market.

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A Study on the Effect of Product and Service Quality on Customer Satisfaction in the Seafood Market (수산물 시장에서 제품과 서비스 품질이 고객만족에 미치는 영향에 관한 연구)

  • Zhang, Chun-Feng;Jang, Young-Soo
    • The Journal of Fisheries Business Administration
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    • v.41 no.3
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    • pp.153-174
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    • 2010
  • In this paper we aim to find out consumer behavior based on fish shares in their buying ingredients, path segmentation, product and service quality, customer satisfaction and then we try to analyze the impact of them on each consumer buying behavior. In this study, first, consumers, divided by general merchandise retail store and traditional fish retail store, these also divided by two groups that are with high spending group and low spending group, so totally we have four parts of consumer behavior segmentation market profiles. Second, we analysis the affect of each factor on consumer behavior. That is, we try to analysis the effect of product and service quality on customer satisfaction in four seafood market group. The results of this study are summarized as follows;