• Journal of Information Technology Applications and Management
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• 제24권4호
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• pp.13-24
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• 2017

This study aims to analyze which subsidiary configuration strategy is more effective under uncertainty especially technology base multinational corporations (henceforth MNCs). In previous studies real option theory scholars argue that high breadth subsidiary configuration is most effective strategy because that provides flexibility to MNCs global network. In this study I want unveil more various types of uncertainty such as technology and learning uncertainty which are more important for technology base firm and further more examine the effect of MNCs subsidiary configuration on firm R&D performance each uncertainty case. Empirical study is performed by negative binominal model based on Japanese 108 multinational corporations. The result shows that under technology uncertainty, high breadth subsidiary configuration is better for firm R&D performance but under learning uncertainty high depth subsidiary configuration is better. Thus, the effects of MNCs subsidiary configuration on firm value can differ by types of uncertainty.

• 한국경제지리학회지
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• 제2권1_2호
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• pp.183-194
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• 1999

다국적 소매기업인 일본의 다이에 슈퍼체인을 대상으로 일본내 점포망의 지역적 전개와 해외사업소의 입지전개와의 관련성을 파악한 결과 다음과 같은 점이 밝혀졌다. 다이에의 일본내 점포망의 입지전개는 기존의 경제권이나 지역적 도시 시스템과 관계없이 확대되어 도시계층에 대응한 점포지 입지전개라고는 말하기 어렵다. 이와 같은 현상은 해외사업소의 입지전개에서도 다소 나타난다. 그리고 해외사업소의 입지는 일본내 점포망의 전국화가 어느 정도 이루어진 후에 전개되었으며, 또 일본내 점포수의 증가율이 낮은 시기에 많이 이루어졌다.

• Journal of Korea Trade
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• 제27권1호
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• pp.1-18
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• 2023

Purpose - Using a sample of Korean multinational corporations, we examine whether the relationship between tax risk and the implied cost of capital discriminates between the environmental, social, and corporate governance (ESG) of highly rated firms. Design/methodology - Firms with high tax risks have an increased uncertainty of future cash flows. Therefore, as the volatility of future cash flow increases, information asymmetry and the required return increases. Highly rated ESG firms can reduce information asymmetry, thereby weakening the positive relationship between tax risk and cost of capital. We employ the standard deviation of the cash effective tax rate as proxy of tax risk. We utilize the ESG rating data of the Korea Corporate Governance Service (KCGS). We use a PEG model, MPEG model, and GM model to measure the implied cost of capital. Findings - We find a positive association between the implied cost of capital and tax risk. The positive relationship between tax risk and the implied cost of capital weakens in highly rated ESG firms. Highly rated ESG firms prefer a stable tax position to invest after-tax cash flows into sustainable management. Therefore, the negative effects of tax risk on cost of capital can be reduced. Originality/value - This study provides empirical evidence that ESG activities can mitigate the negative impact of tax risk on the cost of capital for Korean multinational corporations. In a business environment where ESG activities are more important, the empirical results that ESG activities can reduce the corporate risk of Korean FDI companies are expected to provide implications for the ESG activities of multinational corporations.

• 경영과학
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• 제27권2호
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• pp.1-20
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• 2010

Many firms are trying to acquire innovative technologies and relative knowledge by offshoring R&D work. Although research to date has focused on the multinational corporations' motivations of R&D offshoring, such as cost reduction and market expansion, little is known about external or environmental factors influencing the performance of global R&D activities. We investigated the relationship between the offshore R&D performance and the technical capabilities of the parent company, the host country and the home country as enhancers from outside R&D facilities. The analysis uses European patent data and EU R&D scoreboard of 134 overseas R&D labs from 46 multinational corporations in 2005. Also, we calculated total patent number of each country for this. Results from path analysis supported our main hypothesis that the technological capabilities of the parent company and the host country positively affect the overseas R&D performances. By multi-group analysis, we also found that the relationships among the variables are different for each industry.

• 무역상무연구
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• 제46권
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• pp.351-380
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• 2010

Multinational Enterprises set the prices for transactions between affiliates based principally on their global interest. But the customs authority in Korea wants to set the arm's length price as high as possible to get higher dutiable value for customs purpose, while the internal tax authority in Korea prefers lower arm's length price to get higher value for corporation tax purpose by cutting costs. Problem caused by the inconsistent valuation methods on the same imported goods of the two tax authorities is the single most important tax issue facing multinational enterprises. In the meantime, the customs authority in Korea has thought that it is a universal trend worldwide for the Customs and Internal tax authorities to adopt different methods of valuation on transfer prices between related parties, so KCS couldn't accept APA prices. But the internal tax authority in Korea has taken the initiative in APA program so NTS provided taxpayer with safe-harbor. Recently, KCS created the Advance Customs Valuation Arrangement(ACVA) provisions in the 2008 revision bill of the Customs Act through benchmarking APAs program. Can APAs work for customs? Neither WCO or OECD presents any recommendation on the integration of the valuation methods, but calls for close cooperation between two authorities, which still leaves taxpayers very unstable. We will start to seek ways to integrate the customs valuation and transfer pricing in this study.

• 통상정보연구
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• 제6권1호
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• pp.3-23
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• 2004

Since the mid-1980's, strategic alliances are dominantly hailed as an effective growth and survival strategy in the era of international market and multinational corporation. There are a number of reasons for this phenomenon. there is an increasing globalization of markets in an ever-widening band of industries, together with the development of global technologies that makes production cycles shorten and the ever-increasing demand for investment resources and information to cope with the changing environment. The purpose of this study is to investigate the determinants of corporation information system in strategic alliance mode, and to analyze the main factors which are affecting the choice of strategic alliance mode by Korean firms. This study can also contribute theoretical and practical suggestive points in relation to strategic alliance operations. However, it also has limits as an exploratory study due to lacks of prior studies and proper methodologies and so on. Accordingly, the phenomenon of international strategic alliances call for further studies on casual relationships between main factors and variables in this field.

• 지식경영연구
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• 제12권1호
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• pp.111-121
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• 2011

Multinational Corporations (MNCs) are establishing globally-distributed R&D centers around the world. Firms can overcome resource constraints and achieve superior innovative performance not only by using internal resources but also acquiring knowledge from oversea R&D centers. This paper explores the key factors that have been cited as significant influences on the ability to transfer knowledge, an important area of knowledge management of MNCs. Also, we identify the emerging outcomes in terms of R&D transfer and for the education, employment, and retention of knowledge works in MNCs. The result will be helpful for both MNC's managers and governments' decision makers with respect to R&D centers.

• 대한예방의학회:학술대회논문집
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• 대한예방의학회 2002년도 제54차 추계 학술대회 연제집
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• pp.309-310
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• 2002

• 지식경영연구
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• 제14권3호
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• pp.1-13
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• 2013

This study investigates how relational activities within MNC network affect knowledge transfer and performance of subsidiary. We separated the possible relationships between headquarter and overseas subsidiaries by support level, interaction level, and conflict level, and compared the impact on knowledge transfer, and performance. To understand the knowledge sharing, development and performance, we use structural equation modeling to analyze data from subsidiaries in China.

• 국제지역연구
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• 제13권1호
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• pp.309-340
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• 2009

다국적기업은 새로운 제조 및 기술을 협업에 의해 개발하기 위하여 점차로 전 세계에 걸쳐 연구개발(R&D)센터를 설치하고 있다. 이러한 범세계적인 현상은 기업의 글로벌 전략과 맞물려 신흥 공업국을 포함하는 추세다. 이는 다국적기업의 전략과 신흥공업국의 개발전략 양자에 있어 더욱 더 그 중요성이 커지고 있다. 본 연구에서는 다국적기업의 R&D이전에 따른 운영활동의 구체적인 요인들을 살펴보고 다국적기업들이 다른 국가에 비해 R&D센터 설립을 선호하는 중국과 한국에서의 R&D센터 운영을 둘러싼 각 요인을 비교 분석한다. 본 연구에서는 다국적기업의 R&D이전과 관련된 8가지 차원을 통하여 특히 입지결정 요인, 시장특성, 정부의 지원정책, R&D네트워킹에 있어 중국과 한국이 큰 차이를 보이고 있음을 밝혀냈다. 또한 다국적기업의 R&D센터 운영과 관련하여 한국보다는 중국이 긍정적인 요인이 많은 것도 비교연구로 나타났다. 본 연구의 결과는 다국적기업의 R&D센터 운영자들과 한국의 다국적기업의 유치와 관련된 정책결정자들에게 많은 시사점을 제공 할 수 있을 것이다.