• Journal of Korea Trade
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• v.25 no.7
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• pp.19-40
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• 2021

Purpose - This paper's purpose is to investigate how foreign ownership and innovation affect firm value. Design/methodology - Firm innovation is defined as operational efficiency, which is calculated by adopting data envelopment analysis (DEA). Additionally, R&D intensity is included as a measure of innovation in the analysis. We used firm-level data from manufacturing companies in Korea. The sample comprised 3,753 firm-year observations for every year in the period 2003-2017. Findings - We found that foreign ownership and innovation are positively related to firm value (Tobin's Q). Foreign ownership moderates innovation's contribution to firm value, implying that foreign ownership may enhance the value relevance of firm innovation. In addition, we found that firm innovation partially mediates the relationship between foreign ownership and firm value. Originality/value - This highlights the important role of foreign investors' monitoring; wherein foreign investors enhance firm value by facilitating firm innovation. Our results suggest that foreign ownership can be crucial for innovation and may serve to address weak ownership structures.

• Korean Institute of Interior Design Journal
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• no.33
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• pp.99-105
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• 2002

As a new environment, the Internet proposes to us the innovation of our life. New information technologies(IT) have enabled and stimulated new organizational forms. Electronic Commerce is the new economy that changes the pattern of our life and the form of business transaction. Electronic Commerce is rapidly growing due to the increasing of internet user and the development of information technology. With the emergence of the Internet, a totally new business, the electronic commerce(EC) is emerging. Internet EC brings in many benifits to the organization such as reduced costs, fast turnaround, better customer service, and in some firms strategic advantage over their competitors. As a newly created interior design paradigm, this proposal presents its utmost advantage, interlocking interior design firm management with virtual reality of internet. Appropriately interacting on-line with off-line in virtual reality of internet improves the image of interior design firm and makes the best use of its identity in marketing. This application can rightly attract consumers' interest. Analyzing the market, the most important thing in marketing is to anticipate consumers' existing and possible demand in future. In other word, servicing consumers with idea efficiently is competence. As the point of management, to maximize managing value in interior design proposes the application of internet to management strategy of interior design firm

• Asia-Pacific Journal of Business
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• v.15 no.1
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• pp.33-44
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• 2024

Purpose - The purpose of this study is to empirically investigate the degree of performance inconsistency among the Environmental, Social and Governance ratings. Design/methodology/approach - This study performs regression analysis using the widely used ESG ratings published by the Korea Institute of Corporate Governance and Sustainability. Findings - The results show that firms often do not show consistent performance across the Environmental, Social and Governance aspects, with excellent performance on one aspect but mediocre or poor performance on another. The paper also finds some degree of firm-level persistence in such performance inconsistency, suggesting that the traits of the firm and the industry the firm belongs to might influence whether a firm shows inconsistent performance across the three aspects. Research implications or Originality - This paper highlights the need for researchers and practitioners to understand the underlying behavior of the individual E, S and G ratings, instead of taking them as given, in order to properly design their analyses.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2017.05a
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• pp.219-219
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• 2017

This study aims at examining each firm's decision-makings of complex product and system (hereafter CoPS) innovation strategy, so that it tries to reveal the nature and role of CoPS innovations strategy. And it designed a comparative case study along with qualitative methods, by having two mobile operators' digital rights management (hereafter DRM) innovation in South Korea's digital music service industry. Through literature review, this study formulated three research propositions: (i) Each firm's decision-makings of CoPS innovations strategy are analytical negotiation process among economic actors in an industry; (ii) Each firm's market power originated from its market share from the installed base through network effect and switching cost influence decision-makings of CoPS innovation strategies; (iii) Each firm's decision-makings of different CoPS innovation strategies are related to their intension of achieving better market power, consequently dominant design. Through empirical examination of two mobile operators' decision-makings of DRM innovation strategy, this study empirically verified three research propositions.

• Korea Trade Review
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• v.46 no.2
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• pp.107-119
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• 2021

Using a trade policy, government can shift profits from foreign firms to domestic firms. This paper will reexamine how asymmetric information can affect the equivalence of tariff and quota in a duopoly, where one domestic firm competes with one foreign firm. It can happen that the domestic firm has informational advantage against the government. Within this framework, the domestic firm has private information about own marginal cost as well as the foreign firm's. The domestic firm would exploit the advantage to draw a favorable policy from the government. When the government is misled, social welfare would decline. This paper will guide how the government can extract information from the domestic firm by offering a menu of tariff or quota. Previous studies showed that quota demands information more than tariff. With the principle of revealed information, the domestic firm chooses tariff (quota) if the marginal cost of foreign firm is low (high). The quota level will be high (low) if the marginal cost of domestic firm is high (low). To prevent misrepresentation, the domestic firm should be charged when quota is implemented. When the quota level is low, the domestic firm is charged additionally. This paper can contribute to the literature of trade policy and information.

• Communications for Statistical Applications and Methods
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• v.9 no.3
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• pp.775-786
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• 2002

In this paper, we conducted an empirical study to investigate the design and weighting effects on descriptive and analytic statistics. The design and weighting effects were calculated for estimates produced from the 1998 small firm survey data. We considered the design and weighting effects on coefficients estimates of regression model using the design-based approach and the GEE approach.

• Journal of the Korean Operations Research and Management Science Society
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• v.33 no.3
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• pp.77-92
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• 2008

Commonality strategy is a popular design practice in designing a product line as it enables the firm cost saving and simplification in design, manufacturing, and distribution processes. However the issue of commonality has been mostly analyzed from a profit maximizing firm's perspective and, to our knowledge, there is no literature that deals with the issue from a different perspective. in this paper, we consider the issue of commonality strategy from a social welfare maximization perspective, and argue that commonality strategy used in designing of public goods can bring certain benefits not just for a firm but also for consumers, i.e., for society as a whole. While we assume certain cost saving in production process due to economies of scale under commonality strategy, we conceptualize two different effects of commonality strategy, utility effect due to cost saving and weighted-averaging effect, and show how these two effects interplay to determine the design of common attribute and desirability of commonality strategy. We also discuss how the implementation of commonality strategy differs under different objectives of a product line designer : social welfare and firm's profit maximization.

• Journal of Korea Water Resources Association
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• v.39 no.5 s.166
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• pp.467-478
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• 2006

Water supply reliability for a dam is defined with a concept of probabilistic reliability. An evaluation procedure of the water supply reliability is shown with an analysis of long term firm yield reliability. The water supply reliabilities of Soyanggang Dam and Chungju Dam were evaluated. To evaluate the water supply reliability, forty one sets of monthly runoff series were generated by SAMS-2000. HEC-5 model was applied to the reservoir simulation to compute the firm yield from a monthly data of time series. The water supply reliability of the firm yield from the design runoff data of Soyanggang Dam is evaluated by 80.5 % for a planning period of 50 years. The water supply reliability of the firm yield from the historic runoff after the dam construction is evaluated by 53.7 %. The firm yield from the design runoff is 1.491 billion $m^3$/yr and the firm yield from the historic runoff is 1.585 billion $m^3$/yr. If the target draft Is 1.585 billion $m^3$/yr, additional water of 0.094 billion $m^3$ could be supplied every year with its risk. From the similar procedures, the firm yield from the design runoff of Chungju Dam is evaluated 3.377 billion $m^3$/yr and the firm yield from the historic runoff is 2.960 billion $m^3$/yr. If the target draft is 3.377 billion $m^3$/yr, water supply insufficiency occurs for all the sets of time series generated. It may result from overestimation of the spring runoff used for design. The procedure shown can be a more objective method to evaluate water supply reliability of a dam.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.05a
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• pp.115-116
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• 2015

Recently, most of the construction companies is being degraded due to the overall construction recession profitability. Among them, order quantity of the architectural and engineering firms are trend to decrease except for large companies over a certain size. In particular, small companies are facing more difficulties. This study was conducted expert interview method to extract the main cause of profitability degradation of a small-sized design engineering companies. And, we are proposes a critical influence factors through survey about extracted factors. The results of this study are expect to help the competitiveness of architectural design firm.

• The Research Journal of the Costume Culture
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• v.4 no.1
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• pp.75-91
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• 1996

The work-man's uniform should be coincident wit the image of his firm and accounted of the function according as its purpose. We made questions to 404 workers at 8 firm in our country through the questionnaire papers to know about a work-man's uniform and researched whether the satisfactory in wearing his uniform had relation with his type of business, grade, carrier, age, marriage, and monthly income. The results of this study is as follows; 1. In the uniform status of the fir, thee were many jumper styles in he design of the uniform. The color of that was more dark than bright and the materials of one was used much more chemical fiber than natural fiber. Each of the field office supplied the uniform to his work-man more frequently than the main office. All of firm payed off the uniform expense and decision of the uniform design was almost made both the firm and the labour union. 2. In he satisfaction of the uniform, the satisfaction of uniform was shown high in the design, color, materials, size and function. The highest dissatisfaction reason is as follows; it was disagreeable to concrete design in the design and dark color and keeping warm or draft was bad in the materials, the bust and pant's length was long in the size. 3. In preference of the uniform, the older of preference in the design was what the working environment and the image of firm was suitable, the characteristic uniform. The order of preference in the color was beige, blue, grey. The preference of in the materials was good to keep warm and draft. The preference in the pattern was 'no pattern' every type of business. The experts, or administrators and office workers than others preferred 'no pattern' of the uniform in the pattern.