• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.251-265
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• 2021

It seems a common sense that corporate social responsibility (CSR) is a key driver to attain business sustainability. Nevertheless, there has been little research on the performance of socially responsible activities, including economic and environmental responsibility activities in internationally diversified firms. The purpose of this study was to evaluate the effects of CSR activities on management performance. For this evaluation, an empirical analysis was conducted with a total of 2,520 cases, selected from companies listed on the Korea Composite Stock Price Index market for six years from 2013 to 2018. As proxies for management performance, financial date such as a total asset net profit ratio and a total asset-operating ratio were used. A multivariate regression analysis was conducted to test hypotheses. The results of this analysis indicated that firms in the CSR outstanding group are significantly higher than other groups in management performances. In addition, CSR activities of internationally diversified firms positively influence their total asset net profit ratio and total asset-operating ratio. The results suggested that CSR activities of these firms can play a significant role in enhancing management performances amid the economic status of Korea, where a degree of export dependency is high.

• Journal of Korea Port Economic Association
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• v.21 no.4
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• pp.141-160
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• 2005

This paper estimate and analyze the economic effect of the port industries as well its production inducement coefficient, effect ratio and response ratio using above-mention input-output analysis. The results of analysis is that the production inducement effects and the forward and backward linkage effects of port industries sectors are evaluated low evaluations. This results is not the port industry doesn't have low effects and low contributions to Korea economy, port industries are more used in the field of export and import sectors than domestic demand and supply sectors. Accordingly, the import inducement coefficients of shipping industry is most high among the 404 detailed sectors.

• Proceedings of the Technology Innovation Conference
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• 2005.08a
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• pp.5-28
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• 2005

This paper estimates the effect of networks on innovative performance at the firm level , using Korean Innovation Survey (KIS) dataset Product innovation, product improvement , and process innovation are used as proxies for innovative activity. The explanatory variables such as firm size, market concentration ratio, lagged profitability, foreign ownership, export ratio, firm's age, formal R&D activity, and industrial R&D intensity are yet other considerations. With two year-long (2000 and 2001) data from 1,124 Korean manufacturing firms, we estimated the logistic regression model. The research finding indicates that the external networks have a strong positive effect on innovative output regardless of type of innovation. However, the network effects by partner (other firms or research institutions) vary across the type of innovation. Especially, we found that the user-supplier linkage plays an important role in product ion innovation, product improvement, and process innovation.

• Journal of Technology Innovation
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• v.13 no.3
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• pp.77-100
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• 2005

This paper analyzes the determinants of firm's innovative activity, using Korean Innovation Survey (KIS) dataset. Especially, we focused on the role of external networks by partners(other firms or research institutions) in performing innovative activities. The product innovation, product improvement, and process innovation are used as proxies for innovative activity. The explanatory variables such as market concentration ratio, lagged profitability, foreign ownership, export ratio, firm's age, formal R&D activity, and industrial R&D intensity are also considered. With data from 1,124 firms for the two years (2000-2001), we estimated the logistic regression model. The finding is that the determinants of firm's innovative activities differ by type of innovations. We also found that the innovative behavior of SMEs differs from that of large firms. The result confirms that external networks have a strong positive effect on innovative activity. However, the network effects by partners vary across both firm size and type of innovations.

• The Southeast Asian review
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• v.19 no.1
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• pp.1-27
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• 2009

In the global economy, Korean foreign direct investment (FDI) to Southeast Asian countries expands rapidly as the countries try to make attracting investment strategies and to improve their investment condition. This paper, using panel-data for 2004-2006 in Indonesia, Vietnam and Malaya which are the main countries of Korean FDI for last ten years, shows analysis of the Korean FDI performance in Southeast Asia and compares the Korean firms' achievement with the case of China. According to the forty nine firms' official sources in Indonesia, Vietnam and Malaya, presented to the Export-Import Bank of Korea, over fifty percent of FDI consists of M&A. And Korean FDI has concentrated in the manufacturing industry. In order to measure the FDI performance, the study sets a regression function; operating profit ratio is the dependent variable and the total sales, expert ratio and investment period are the independent variables representing firms' volume, purpose of FDI and firms' adaptation to the local countries.

• The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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• v.19 no.2
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• pp.109-124
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• 2014

In order to understand the carbon cycle in the Amundsen Sea of the Southern Ocean, the export fluxes of particulate organic carbon from the euphotic zone to deep water estimated using ${\psi}$/${\psi}$ disequilibrium method. Seawaters in 14 water columns were collected during February and March 2012, and analyzed for total and dissolved ${\psi}$, and particulate organic carbon. Total ${\psi}$ activities in the water column showed deficiency and excess relative to those of ${\psi}$ depending on the water depth. Deficiency of total ${\psi}$ in the euphotic zone showed mirror images both with chlorophyll-a and fluorescence, and was consistent with the loss of nitrate, which indicated the effect of biological activity. In addition, deficiency of total ${\psi}$ from deep water was associated with the increase of total dissolvable Fe/Mn concentration. Excess total ${\psi}$ activity presented below the euphotic zone might be related to particulate ${\psi}$ concentrated in this water depth. Mean export flux of ${\psi}$ estimated using the steady state model was $867{\pm}246dpmm^{-2}day^{-1}$. Mean export flux of particulate organic carbon, which were estimated by the product of total ${\psi}$ flux and ratio of POC/${\psi}$ ($7.08{\pm}4.27{\mu}molCdpm^{-1}$) in the sinking particles, was $5.9{\pm}3.9mmolCm^{-2}day^{-1}$. These fluxes were similar levels to those in the Weddell Sea during February and March 2008. Export ratios (ThE) relative to the primary production in the euphotic zone were in the range of 3-54% (av. 28%).

• 사회경제평론
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• v.31 no.2
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• pp.39-69
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• 2018

We measured industrial labor income shares and investigated their determinants. Excluding industries where non-wage earners are not countable, we constructed 22 industry labor income shares from 1993 to 2015. Even though labor income shares in manufacturing industries declined more than in service industries, the economy-wide decline was not driven by structural changes but by within-industry effects. We found that rise in capital-labor ratio, R&D intensity, export dependence, and irregular job ratio contributed to the fall in labor income shares. When we examined manufacturing industries separately, overall results were about the same. But in that case we had additional findings that the rise in import dependence and outsourcing ratio lowered labor's shares, while minimum wage increases raised them.

• Journal of Korea Trade
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• v.23 no.7
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• pp.83-95
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• 2019

Purpose - This study analyzed the effect of the Trump Government's protectionist trade policies on foreign ownership. Specifically, this study empirically analyzes the hypothesis that foreign ownership will decrease after the Trump Government rather than before the Trump Government. Design/methodology - The hypothesis of this study is based on the expectation that US protection trade policy will negatively affect the profitability of Korean companies. The dependent variable in this study is the foreign ownership ratio, and the independent variable is a dummy variable representing before and after the Trump Government. Multiple regression analysis was performed, including the control variables suggested in previous studies related to foreign ownership. Findings - As a result, foreign ownership increased after the Trump Government rather than before the Trump Government. This study further analyzes whether the main variables affecting foreign investor's decision-making are differences before and after Trump Government. The export ratio, profitability and dividends did not differ before and after Trump Government. However, the level of information asymmetry decreased after the Trump Government than before the Trump Government. This suggests that US protection trade policies do not adversely affect the profitability of Korean companies. However, Korean firms are improving their information environment because US protectionist trade policies can lower profitability and negatively impact capital raising. In this regard, the foreign ownership ratio seems to differ before and after the Trump Government. Originality/value - This study contributes in that it presents data that US protectionist policies can affect Korean corporate governance. This study has implications from the short-term analysis of US protection trade policy.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.5
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• pp.3146-3152
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• 2014

This paper investigates the determinants for the controlling power and the concentration of the subcontracting trade between the downstream producer and the upstream supplier using a survey data for the IT industry in Gyeonggi-Do. The estimation results of the ordered logit and least square analyses are as follows. First, a firm. s controlling power across the downstream producer and the upstream supplier in the subcontracting trade would grow bigger when the company is bigger, more manufacture-oriented, and has higher ratio of export in sales. Second, the analysis for the upstream suppliers indicates that the higher dependent ratio of the subcontracting trade in the sales, the lower the concentration ratio of the R&D in the sales. Lastly, the analysis of the downstream producers indicates that the higher the dependent ratio of the subcontracting trade in the sales, the higher the concentration ratio of the R&D in the sales, which is distinctively contrast with the analysis result of the upstream suppliers. The overall estimation results are, hence, unsupporting to the transaction cost theory which predicts the increase of R&D investments in both downstream producer and upstream supplier.

• Journal of The Korean Society of Agricultural Engineers
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• v.52 no.3
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• pp.65-71
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• 2010

This study was conducted to investigate the dynamics of nutrients such as total nitrogen (TN), nitrate nitrogen ($NO_3$-N) total phosphorous (TP), and phosphate phosphorous ($PO_4$-P) in outflow from a cabbage farmland in a mixed land-use watershed. The TN concentrations in groundwater showed twice peaks in late July 2006 and late March 2007 (3.8, 4.7 mg/L, respectively), when it rained shortly after fertilizer application, indicating that nitrogen leaching is greatly influenced by fertilization and rainfall. The mean concentrations of TN and $NO_3$-N in surface water were not significantly higher than those in groundwater, while the mean concentrations of TP and $PO_4$-P in surface water were significantly (p < 0.05) were higher than those in groundwater. The TN concentrations in groundwater were generally higher than those in surface water during fertilization and early growing season due to the effect of fertilization, but vice versa in the other periods. In contrast, the TP concentrations in groundwater were always lower than those in surface water due to the sorption of particulate phosphorous by soil. The ratio of TN load in baseflow to that in total TN load (39 %) was much greater than the TP ratio (7 %), suggesting that baseflow contribute to nitrogen export. Therefore, proper fertilization management should be taken to reduce nitrogen load through baseflow.