• 지식경영연구
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• 제10권2호
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• pp.1-14
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• 2009

This study has investigated the effects of promoting and inhibiting factors on information sharing between buyers and sellers in Korean distribution industry. Based on intensive literature reviews, eight promoting factors(satisfaction, relational norms, trust, commitment, fairness, formalization, participation, transaction specific investment) and five inhibiting factors(opportunism, environmental uncertainty, conflict, concentration, monitoring) were included in the research model. For the purpose of empirical testing, 320 respondents of retailers in Korea were surveyed and the analysis utilizing structural equation model indicated that satisfaction, relational norms, trust, commitment, fairness, formalization, and participation had positive effects on information sharing. And concentration and monitoring had negative effects on it. However transaction specific investment, opportunism, conflict, and environmental uncertainty had no significant effects.

• 디지털융복합연구
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• 제12권4호
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• pp.133-143
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• 2014

본 연구는 거래비용요소가 경영성과에 미치는 영향을 검증한 것이다. 연구결과, 첫째, 불확실성은 재무적 성과와 비재무적성과에 직접적으로 영향을 미치는 것으로 나타났지만, 자산특유성과 기회주의는 경영성과에 직접적인 영향이 없는 것으로 분석되었다. 둘째, 협력관계 지속요인에 직접적으로 영향을 미치는 변수는 자산특유성과 불확실성으로 나타났으나. 기회주의는 직접적인 영향이 없는 것으로 나타났다. 셋째, 관계만족도에 직접적으로 영향을 미치는 변수는 자산특유성과 기회주의로 나타났으며, 불확실성과의 관계는 없는 것으로 분석됐다. 넷째, 협력관계 지속요인과 관계만족도는 재무적 성과와 비재무성과에 각각 직접적으로 영향을 미치는 것으로 나타났다. 요약하면, 거래비용요소가 협력관계 지속요인과 관계만족도라는 매개변수를 통하여 경영성과에 영향을 미치고 있음을 발견하였다.

• Asia Marketing Journal
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• 제7권2호
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• pp.1-22
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• 2005

본 연구는 거래지속기간에 따른 수출-수입업체간의 관계의 질에 대한 연구모형을 검토한 것이다. 연구모형은 지각된 유사성, 관계성과, 기회주의가 관계의 질에 영향을 주며, 거래 지속기간이 이들 관계에 조절변수로 작용하는 것으로 설정하였다. 또한 관계의 질은 결속에 영향을 주는 것으로 설정되었다. 연구가설의 검정을 위해 해외수출업체와 관계있는 수입업체 201개를 대상으로 설문조사를 실시하였다. 연구결과 대부분의 가설이 지지되었으며, 특히 지각된 유사성은 거래초기에는 관계의 질에 영향을 주지만, 거래후기에는 관계의 질에 유의한 영향을 미치지는 못하는 것으로 나타났으며, 기회주의는 거래초기보다 거래후기에 더욱 부정적인 역할을 하는 것으로 나타났다.

• 아태비즈니스연구
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• 제14권1호
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• pp.73-91
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• 2023

Purpose - The purpose of this study is to re-examine the disclosure effect of stock splits and long-term performance after stock splits using stock split data over the past 10 years, and infer the motivation (signal or opportunism) of stock splits. In addition, we focus on exploring the determinants of the short- and long-term market response to stock splits. Design/methodology/approach - We measure the short-term market response to a stock split and the long-term stock performance after the stock split announcement using the event study method. We analyze whether there is a difference in the long-term and short-term market response to a stock split according to various company characteristics through univariate analysis and regression analysis. Findings - In the case of the entire sample, a statistically significant positive excess return is observed on the stock split announcement date, and the excess return during the 24-month holding period after the stock split do not show a difference from zero. In particular, the difference between short-term and long-term returns on stock splits is larger in companies with a large stock split ratio, small companies, large growth potential, and companies with a combination of financial events after a stock split. Research implications or Originality - The results of this study suggest that at least the signal hypothesis for a stock split does not hold in the Korean stock market. On the other hand, it suggests that there is a possibility that a stock split can be abused by the manager's opportunistic motive, and that this opportunism can be discriminated depending on the size of the stock split, corporate characteristics, and financing plan.

• 한국유통학회지:유통연구
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• 제11권2호
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• pp.29-57
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• 2006

유통경로 관리에서 유통환경을 명확히 이해하고, 그것이 유통경로 시스템에 주는 영향을 파악하는 것이 매우 중요하다는 점을 인지하면서도 환경의 영향에 대한 이론적 실증적 연구는 그다지 활발하지 못하였다. 특히 기존의 유통경로 연구들은 환경이 유통경로에 영향을 미치는 메커니즘을 다양한 관계특성과 관계의 질 측면에서 다루지 않았다. 이 연구의 목적은 환경차원 중 환경의 동태성이 유통경로 구성원 간 관계특성인 신문사의 거래특유투자, 신문사의 기회주의, 그리고 신문지국의 갈등에 미치는 영향과 그러한 관계특성들이 유통경로 구성원 간 관계의 질인 신뢰, 즉 신용과 호의에 미치는 영향을 규명하는 데 있다. 이를 위하여 국내 한 신문사에 소속된 신문지국의 지국장 103명을 대상으로 자료를 수집해 분석한 결과, 환경의 동태성은 신문사의 기회주의 및 신문지국의 갈등과 정(+)의 상관관계를 보였고, 신문사의 거래특유투자와는 상관관계가 없는 것으로 나타났다. 또한 신문사의 거래특유투자는 신용과 호의에 각각 정(+)의 상관관계를 보였고, 신문사의 기회주의와 신문지국의 갈등 수준은 신음과 호의에 각각 부(-)의 상관관계를 보였다. 이 연구는 요즘과 같이 환경의 동태성 수준이 높은 상황에 처한 신문사에게 신문지국과의 장기적인 관계를 유지하고 발전시키기 위한 필수조건인 신뢰를 형성하기 위해 어떠한 관리적 측면의 노력이 필요한지를 제시할 수 있을 것이다.

• 무역학회지
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• 제44권5호
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• pp.93-106
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• 2019

The purpose of the study is to investigate whether monetary and non-monetary incentives paid to exporters influence the level of compliance and tendency to behave opportunistically. As one of the most common ways to export one's products overseas is to establish relationships with foreign agents, numerous research has aimed to identify types of incentives to motivate foreign agents to bring the most efficient outcomes. Stemming from previous studies, this research hypothesizes that the type of incentives affects exporter's level of compliance, and tendency to act opportunistically which determine the level of exporter's satisfaction on foreign agency role performance. Data was collected from 196 Korean exporters, and the findings suggest that exporters should actively engage in providing non-monetary incentives to their agents to motivate importers to comply with exporter's rules. Conversely, agents tend to act more opportunistically when they receive monetary incentives only. These phenomena lead to the conclusions that the satisfaction level of foreign agency role performance is improved when non-monetary incentives are actively in place, and at the same time, foreign agent's level of compliance and opportunism play mediating roles.

• Journal of East Asia Management
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• 제3권1호
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• pp.25-40
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• 2022

This study investigates the effect of labor union and its power on information opacity. Given that the information opacity ultimately leads to the stock price crash, this study examines the relationship between labor unions and future stock price crash risk. Further, by assuming a strike by labor union as the actual power of the unionization in firms, whether labor union's power subrogated by the activity (i.e., a strike) makes a significant difference in the likelihood of future stock price crash between unionized firms is also examined. The work place survey data provided by Korea Labor Institute is used to test the hypotheses. The data is for the periods of 2004 - 2012 on firms listed on Korea Stock Exchange and KOSDAQ. The results show that while labor unionization has a positive impact on future stock price crash risk, on which labor union's power has a negative impact. This means that the existence of labor union itself might facilitate firm's information to be opaque by tolerating manager opportunism, while its power mitigates the managerial opportunism, which leads to lower future stock price crash risk. This study adds to the literature on the role of labor unions as nonfinancial stakeholders and its power in accounting environment, and also on the determinants of stock price crash. It is also valuable to examine the unions' role in terms of the economic consequences of both presence and power of the labor unions.

• 품질경영학회지
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• 제50권1호
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• pp.63-76
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• 2022

Purpose: The purpose of this study is to analyze the effects of risk perception and opportunistic behavior on project performance and the moderating effect of cooperation in this relationship through literature review to identify factors affecting the performance of large-scale nuclear power plant construction projects. Methods: This study conducted a survey on nuclear power plant construction project participants and verified the hypothesis using statistical methods. Results: The results of this study are as follows; First, risk perception appeared to have a positive effect on opportunistic behavior, and it was confirmed that opportunistic behavior among participating companies could occur even in nuclear power plant construction projects. Second, it has been proven that risk perception has a negative effect on project performance as suggested in previous studies. Third, in the relationship between opportunistic behavior and project performance, it was found that opportunistic behavior had a negative effect on project performance. Finally, cooperation was found to have a moderating effect on the relationship between performance risk and project performance. Conclusion: This study is a case of empirical analysis targeting nuclear power plant construction project workers, and provided a basis for reference in future related academic research and project implementation.

• 유통과학연구
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• 제21권12호
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• pp.35-45
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• 2023

Purpose: This study analyzes civil servants' trust in cash waqf institution and their relationship with commitment. We use Key Mediating Variables (KMV) Theory with variables such as board benevolence, board integrity, board ability, board opportunism, communication, and accountability to predict the trust and commitment of civil servants in providing cash waqf. Research design, data and methodology: We used a quantitative research approach and an online questionnaire distributed to civil servants in Gorontalo Province; 410 respondents were obtained. Structural Equation Modeling (SEM) was used, utilizing the SEM-PLS software to analyze the data. Result: This study found that the variables board benevolence, board ability, board integrity, board opportunism, communication, and accountability affected trust. As for the variable of accountability, the hypothesis was rejected Conclusion: The communication variable of cash waqf institutions has a strong influence in increasing the confidence of civil servants in providing cash endowments. However, trust in waqf institutions may diminish due to low accountability and poor governance of cash waqf institutions. The trust of civil servants in cash waqf institutions in the future will increase their commitment to waqf.

• 한국유통학회지:유통연구
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• 제1권1호
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• pp.129-146
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• 1996

The main purpose of this study is to identify and analyze the antecedent factors of internalization in channel system. Channel members opportunism and transaction atmosphere were identified as two major antecedent factors of internalization and some deteminants of those two factors were also analyzed. By using correlation, regression, and analysis of variance, eight research hypotheses were evaluated and all hypotheses except one were strongly supported and accepted. Some managerial implications were also discussed.