• 제목/요약/키워드: Transformation of the Economy

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Digital Transformation, Manipulation of Asset Evaluation and M&A Performance: Discussion on the Intermediary Effect of Internal Control

  • Chen Chen;Hee-Jung Lee;Nan Hui;Xue-Hua Qian
    • 아태비즈니스연구
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    • 제14권1호
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    • pp.1-19
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    • 2023
  • Purpose - The purpose of this study was to examine the internal relevance between digital transformation, manipulation of asset evaluation and corporate M&A performance and further explores the impact path of manipulation of asset valuation on corporate M&A performance. Design/methodology/approach - This study based on the financial data of A-share listed companies in Shanghai and Shenzhen Stock Exchanges from 2013 to 2021. Findings - First, manipulation of asset evaluation is negatively correlated with M&A performance. Second, Digital transformation significantly weakens the negative correlation between manipulation of asset evaluation and corporate M&A performance. Third, The effectiveness of internal control plays a partially intermediary role in the process of manipulation of asset evaluation affecting M&A performance. Research implications or Originality - Enriching the existing literature on the subject, the study can also provide useful reference for improving the performance of corporate mergers and acquisitions, regulating asset valuation, promoting the digital transformation of enterprises and improving internal control mechanisms, with both theoretical and practical implications.

DEVELOPMENT TRENDS OF THE DIGITAL ECONOMY: E-BUSINESS, E-COMMERCE

  • Volkova, Nelia;Kuzmuk, Ihor;Oliinyk, Nataliia;Klymenko, Iryna;Dankanych, Andrii
    • International Journal of Computer Science & Network Security
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    • 제21권4호
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    • pp.186-198
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    • 2021
  • The introduction of digital technologies affects most socio-economic processes and activities in the economy, from agriculture to public services. Even though the world is currently only in the early stages of digital transformation, the digital economy is growing rapidly, especially in developing countries. Shortly, digital platforms will be able to replace the "invisible hand" of the market and turn it into digital. Some digital platforms have already reached global reach in some sectors of the economy. The growing value of data and artificial intelligence is reflected in the high capitalization of these enterprises. Their growing role has far-reaching consequences for the organization of economic activity and integration into the field of e-business. However, their importance and level of development in different countries differ significantly. The main purpose of this article is an assessment of the level and trends of the digital economy in the world and the identification of homogeneous groups of states following the main trends in the development of its components from among the EU countries. The methodology of the conducted research is based on the use of general scientific research methods in the analysis of secondary sources and the application of statistical methods of correlation-regression and cluster analysis. Macroeconomic indicators and components of DESI (Digital Economy and Society Index) were used for the analysis. Results. Based on the analysis established that most developed countries have a medium level of digitalization of the business environment and a high level of digitalization of socially oriented public services, while countries with lower GDP focus their policies on building digital infrastructure and training qualified personnel. The study summarizes and analyzes current trends in digital technology, analyzes the level and dynamics of integration of digital technologies of the studied EU countries, the level of development of e-business and e-commerce. The conceptualization of mechanisms of creation of added value in the digital economy is offered and the possible consequences of digitalization of the economy of developing countries are generalized.

아시아 철강무역의 변용과 기업전략의 변화 (The Transformation of Asian Steel Trade and the Change of Corporate Strategy)

  • 정병무;임천혁
    • 무역상무연구
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    • 제54권
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    • pp.285-307
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    • 2012
  • This study analyses the transformation of Asian steel trade and the change of corporate strategy. The purpose of this paper is to examine the circumstances of Asian steel industrial policies, and considering the feature of each nation's steel industrial policies, and the effect of the corporate strategy. In China, mighty steel productive capacity had already formed under original planned economy and industrial policy. In 2003, crude steel production have exceeded 220 million ton in China and that is 23.2% of the steel production share in the world. On the other hand, not only the amount but also the quality becomes an important point in the steel industry in the future. I consider, on researching Asian steel industry, it is important to build up partnership in Korea and Japan for achieve strategic alliance in the steel industry policies and understanding the change of corporate strategy.

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Southeast Asian Studies in the Age of STEM Education and Hyper-utilitarianism

  • Winichakul, Thongchai
    • 수완나부미
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    • 제10권2호
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    • pp.157-180
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    • 2018
  • Area studies, including Asian and Southeast Asian studies, in the post-Cold War era have been facing an epochal challenge that is rooted in two conditions: on the one hand, the end of the Cold War and the fading geopolitical rationale, and on the other, the emergence of the technology-driven transformation of the global economy and society. The consequences thus far are paradoxical: 1) While the technology-led transformation needs a workforce with critical and innovative abilities, higher education becomes more hyper-utilitarian; 2) While the transformation instigates increasing diversity of identities in global cultures, many countries thrive for STEM education at the expense of learning languages and cultures, including area studies which are essential for diversity. Southeast Asian studies programs need to change in response to these new conditions. These changing conditions and paradoxes, nevertheless, take different forms and degrees in the American, European and Asian academies, thanks to their different histories of higher education. The prospects for Southeast Asian Studies in these various academies are likely to be different too.

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Current status on applications of conventional breeding techniques and biotechnological system in ornamentals

  • Kim, Jong Bo
    • Journal of Plant Biotechnology
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    • 제47권2호
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    • pp.107-117
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    • 2020
  • Flower industry is now growing due to the development of economy in many countries. Simultaneously, needs from consumers in flower market are varied widely. To satisfy the needs from consumers and deal with a variety of diseases from a lots of pathogens as well as climate change, new elite flower cultivars should be released in flower market. For this purpose, conventional and biotechnological techniques can be employed to make good cultivar. Therefore, this review describes the general overview of flower breeding techniques including cross-hybridization, mutation breeding and genetic transformation systems. Also, breeding systems for ornamentals derived from plant tissue culture such as embryo culture, in vitro fertilization, ovary/ovule culture and haploid production were reviewed. Furthermore, in this study recent development of the generation of new flower cultivars using marker-assisted breeding, plant transformation including particle bombardment and Agrobacterium tumefaciens as well as genome-editing technology were described. This review will be contributed to the development and releasement of new flower cultivars with horticulturally useful traits in the future.

글로벌 자원위기의 거시경제적 효과분석 (Macroeconomic Effects of the Global Resource Crisis)

  • 송태정;김기승
    • 한국콘텐츠학회논문지
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    • 제8권10호
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    • pp.259-267
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    • 2008
  • 본 연구는 향후 글로벌 자원위기 발생 가능성을 점검해보고, 자원가격의 상승이 우리경제에 어떠한 의미와 영향을 줄 것인지 살펴본다. 향후 글로벌 자원 공급의 제약은 세계경제 성장을 둔화시킬 것이다. 뿐만 아니라 자원위기에 대한 적절한 대응여하에 따라 각국의 경제발전 방향이 결정될 것이다. 자원의 대외 의존도가 높은 우리나라의 경우 현재와 같은 자원 비효율적인 산업구조를 유지한다면 거시경제 충격과 산업 경쟁력 상실로 이어질 수 있다. 따라서 자원 소비가 많은 철강, 화학 등의 제조업부문에서 자원 절감, 제품의 고부가가치화 등이 이루어져야 할 시점이다. 앞으로의 자원위기는 구조적인 공급 제약이 근본 원인이 될 것이다. 따라서 일시적인 위기관리보다 기업, 소비자 등 경제주체들이 자원의 희소성 심화라는 패러다임 변화에 적응할 수 있도록 유도해야 할 것이다. 산업의 구조전환(Industry Transformation)이 원활하게 이루어질 수 있는 환경을 조성해야 한다.

Digital Orientation for Emerging Multinationals and the Location Strategies in Internationalization: The Chinese Experience

  • Xinyue Zhang;Bo Kyung Kim;Jooyoung Kwak
    • 아태비즈니스연구
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    • 제14권3호
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    • pp.1-16
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    • 2023
  • Purpose Despite the ongoing digital transformation, it is not clear whether emerging market firms follow their manufacturing FDI path in the emerging digital industries. This paper examines how digital orientation affects the location strategies in internationalization and how the existing innovation capacities moderate the link between digital orientation and the location strategies. Design/methodology/approach This study chooses the Chinese setting for research design because digital transformation is already prevalent in the society and the cases of outward expansion are salient among the emerging markets. It uses the panel dataset of 976 Chinese listed firms that consists of 6,648 observations spanning from 2007 to 2017. Ordinary least square regression is used for the statistical approach with a one-year lag in the model. Findings Digital orientation increases a likelihood of emerging multinationals' entries in developed countries, and a high level of innovative capacities strengthens the link. Two groups seem to prefer entries in developed countries: firms with a high level of digital orientation with a high level of innovative capacities and firms with a low level of digital orientation, if with a low level of innovative capacities. The former reflects the context of digital transformation and the latter hints at the tax avoidance or interests in real estate. Research implications or originality While emerging multinationals are known to prefer entries in developing countries for capacity arbitrage, our results forecast that their FDI strategies may have a drastic change as digital transformation deepens.

Inclusive Policies and Distribution of Green Economic Transformation of Mining Areas: A Regional Development Perspective

  • Rismawati;Rahmad Solling HAMID;Mukhlis LUBIS
    • 유통과학연구
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    • 제22권3호
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    • pp.71-81
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    • 2024
  • Purpose: This study examines the impact of inclusive policies and green transformation on regional development of mining areas. Research design, data and methodology: We designed and utilized a structured questionnaire to collect data from a population of 300 individuals. The questionnaire was disseminated through Google Forms and consisted of five questions for each research variable. A total of 210 respondents completed the questionnaire, yielding a response rate of 70%. The sample was diverse in terms of gender and educational level Of the 210 respondents, 113 were female (53.8%) and 97 were male (46.2%). In terms of educational background, the sample was composed as follows: 13 individuals with a Doctorate degree (6.2%), 56 with a Master's degree (26.7%), 97 with a Bachelor's degree (46.2%), 22 with a Diploma (10.5%), and 22 with a High School education (10.5%). Results: The research outcomes highlight the significant influence of inclusive policies on driving the Distribution of green economic transformation. Emphasizing the pivotal role of inclusive distribution strategies, especially within the context of mining areas, the study sheds light on their crucial contribution to fostering regional development. Conclusion: These findings hold valuable implications for policymakers, industry stakeholders, and academics promoting environmentally conscious economic transformations.

IN-CYLINDER FLOW ANALYSIS USING WAVELET ANALYSIS

  • Park, D.;Sullivan, P.E.;Wallace, J.S.
    • International Journal of Automotive Technology
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    • 제7권3호
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    • pp.289-294
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    • 2006
  • Better fundamental understanding of the interactions between the in-cylinder flows and combustion process is an important requirement for further improvement in the fuel economy and emissions of internal combustion(IC) engines. Flow near a spark plug at the time of ignition plays an important role for early flame kernel development(EFKD). Velocity data measurements in this study were made with a two-component laser Doppler velocimetry(LDV) near a spark plug in a single cylinder optical spark ignition(SI) engine with a heart-shaped combustion chamber. LDV velocity data were collected on an individual cycle basis under wide-open motored conditions with an engine speed of 1,000rpm. This study examines and compares the flow fields as interpreted through ensemble, cyclic and discrete wavelet transformation(DWT) analysis. The energy distributions in the non-stationary engine flows are also investigated over crank angle phase and frequency through continuous wavelet transformation(CWT) for a position near a spark plug. Wavelet analysis is appropriate for analyzing the flow fields in engines because it gives information about the transient events in a time and frequency plane. The results of CWT analysis are provided and compared with the mean flows of DWT first decomposition level for all cycles at a position. Low frequency high energy found with CWT corresponds well with the peak locations of the mean velocity. The high frequency flows caused by the intake jet gradually decay as the piston approaches the bottom dead center(BDC).

라오스 루앙프라방 전통 가옥의 변화 요인에 관한 연구 (The Impact Factors Causing Transformation of Lao Traditional House - Case Study of Luangprabang, Lao PDR -)

  • 봉비라이 사야폰;강영환;최중현
    • 한국주거학회논문집
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    • 제26권2호
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    • pp.1-12
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    • 2015
  • The era of globalization has ushered in dramatic changes in the past decade covering a wide range of distinct political, economic and cultural trends whereby people adapt their houses to suit their needs and desires. This paper discusses the process of change analytically, emphasizing the importance of understanding the transformation of Lao traditional houses and its impact factors to the transformation and adaptation to suit with globalization trend, and conservation of the characteristics of traditional houses. This study takes place in Luangprabang, an ancient city of Lao PDR, which was designated as a world heritage city in 1995 as it is rich with diverse, tangible and intangible values. Five cases of traditional house in Luangprabang are examined to understand their transformation through time, by analyzing the basic spatial formation, components and elements, especially to find out the impact factors to such transformation. The study revealed that the transformation of the traditional house is subject to not just one single factor, but to a number of factors, where globalization, regulation, economy, and social aspect factors play a prime role and are the root for all these changes. The case study also indicates that these changes are connected to the benefits of income generation as a survival strategy for the low and middle-income people in Luangprabang as well as the housing demands. In the transition period a new residential type appeared accordingly, in which living spaces were categorized according to their general functions. There was a harmony between people's needs and the physical characteristics of the house.