• The Journal of Society for e-Business Studies
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• v.19 no.1
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• pp.95-118
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• 2014

The information technologies industry is now experiencing a rebirth of strong stable growth. However, very few studies have examined performance implications of strategic alliance or merger and acquisition from a knowledge-based view. Furthermore, none of these studies have investigated resource complementarities and alliance or merger and acquisition motive as potential sources of firm performance. This paper extends upon current knowledge-based literature to discover and explore linkages between resource complementarities and firm performance of strategic alliances or merger acquisitions. This study finds that strategic alliance and merger and acquisition announcements have provided abnormal positive returns of production alliances and merger and acquisition. This study can be used as a stepping stone for selection of strategic alliance or merger and acquisition.

• KDI Journal of Economic Policy
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• v.35 no.1
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• pp.103-135
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• 2013

This paper provides consistent understanding between the economic rationale of the 'efficiency' and 'failing firm' defenses and the conditions that the defenses require in the merger assessment process, focusing on two main concepts, 'enhancing competition' and 'counterfactual'. This paper states that the economic rationale of the 'efficiency' defense rests on the effect of enhancing competition rather than on the improvement of efficiency itself. Regarding the 'failing firm' defense, the rationale is stated that competition would not deteriorate even when the merger proceeds compared to the counterfactual where it is prohibited. This understanding reflects not only recent international discussion but also the merger guidelines of advanced competition authorities. It also consistently explains the requirements of the defenses. Finally, this paper includes some comments on the Merger Review Guideline of Korea for its improvement based on various domestic merger cases.

• Journal of the Korea Convergence Society
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• v.8 no.3
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• pp.245-252
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• 2017

The purpose of this study is to analyze the effects of mergers and acquisitions of domestic IT companies on strategic aspects of internal capacity enhancement. Empirical analysis applied to this study analyzed the business performance in the market through the merger of Daum Communications and Kakao Group. After Daum pursued the merger with Kakao, it showed that the platform business of kakao is expanding to the domain of the existing portal site. The merger was completed, and the total value of the stocks went up to the highest level, but soon its value declined. The merger shows that the growth potential of the enterprise is temporarily declining, which seems to be the internal cost of the merger. Even in the case of profitability, the merger did not show positive results. In the case of stability, the expectation due to the merger was reflected and slightly increased. The following two companies were interested in the kakao when they viewed the merger through a chronological analysis. However, after the merger, the interest of the next kakao was similar. This is seen as a result of the expansion of kakao's diverse platform business rather than the following search sites. From the results of this study, it is suggested that domestic IT companies should approach by analyzing the strategic factors that generate synergy when pursuing M & A to strengthen their resources or capabilities.

• Journal of Information Technology Applications and Management
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• v.19 no.3
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• pp.49-68
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• 2012

M&A (Merger and Acquisitions) is a standard corporate strategy frequently used by companies seeking to secure new growth engines and gain a solid foothold in their markets in order to become more globally competitive. To achieve the original goals of M&A, the two involved parties need to invest significant time and resources in integrating all aspects of the companies. A well-planned post-merger integration of information technology (IT PMI) by the two M&A parties is considered a crucial and difficult process because IT provides a fundamental infrastructure for integration. Considering various internal and external factors, the two parties normally formulate an IT PMI strategy. The many IT PMI strategies can be categorized into four major types: Renewal, Takeover, Standardization, and Synchronization. This study aims to develop a decision making model to help merger company and IT managers select the proper IT PMI strategy. More specifically, we identify key determinants that need to be considered when selecting a proper IT PMI strategy. The relative importance of each determinant is defined by analytic hierarchy process (AHP) analysis. Finally, this study evaluates each IT integration strategy under the identified determinants.

• The Bulletin of The Korean Astronomical Society
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• v.37 no.1
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• pp.39.2-39.2
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• 2012

We present our study on a comparison of dark matter halo merger history from the runs using different numerical simulation codes. To analyze the uncertainty caused by the use of different N-body calculation methods, we compare the results from two cosmological hydrodynamic simulation codes GADGET-2 and RAMSES, which use a TreePM algorithm and the Adaptive Mesh Refinement(AMR) technique respectively. We perform cosmological dark matter-only simulations with the same parameter set and initial condition for both. The dark matter halo mass functions from two simulation runs correspond well with each other, except for lower mass haloes. The discrepancy on the low-mass haloes in turn causes a notable difference in halo merger rate, especially for the case of extremely minor merger. The result from GADGET-2 predicts that most haloes undergo more number of mergers with small haloes than that from RAMSES, independent of halo mass and environment. However, in the context of the study on galaxy evolution, such extreme minor mergers generally do not have strong effects on galaxy properties such as morphology or star formation history. Hence, we suggest that this uncertainty could be quantitatively negligible, and the results from two simulations are reliable even with only minor difference in merger history.

• The Bulletin of The Korean Astronomical Society
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• v.43 no.1
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• pp.34.1-34.1
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• 2018

Using cosmological N-body simulations we investigate statistical properties of flyby encounters between halos in comparison with mergers. We classify halo pairs into two groups based on the total energy (E12); flybys (E12 > 0) and mergers (E12 < 0). By measuring the flyby and merger fractions, we assess their dependencies on redshift (0 < z < 4), halo mass (10.8 < log Mhalo/Msun < 13.0), and large-scale environment (from field to cluster). We find that the flyby and merger fractions similarly increase with redshift until z = 1, and that the flyby fraction at higher redshift (1 < z < 4) slightly decreases in contrast to the continuously increasing merger fraction. While the merger fraction has little or no dependence on the mass and environment, the flyby fraction correlates negatively with mass and positively with environment. The flyby fraction exceeds the merger fraction in filaments and clusters; even 10 times greater in the densest environment. Our results suggest that the flyby makes a substantial contribution to the observed pair fraction, thus heavily influencing galactic evolution across the cosmic time.

• Journal of Aerospace System Engineering
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• v.10 no.1
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• pp.1-7
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• 2016

During flight of the aircraft, the vortex merging phenomenon appears under the certain condition between co-rotating vortices which were generated at the wing tip and lifting-surface. And then these merged vortices at both sides show counter-rotating pattern to affect on the downstream of the aircraft. In this paper, the numerical simulations are conducted assuming this phenomenon in two-dimensional co-rotating or counter-rotating vortices pairs. Two-dimensional incompressible Navier-Stokes equations were converted into Vorticity-Streamfunction form and the Galerkin spectral method was adopted. The third order Runge-Kutta method was used for time integration. The effects on the vortex merger and degree of vortex merger were investigated according to time, Reynolds number, and changes in the distance between two vortices.

• The Bulletin of The Korean Astronomical Society
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• v.43 no.1
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• pp.60.3-61
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• 2018

Abell 115 is a renowned cluster merger at z=0.197. It exhibits an asymmetric X-ray distribution with cometary tails and a megaparsec-sized radio relic stretching in the northeastern direction from the core of the northern cluster. Many observations have concluded that this cluster merger has a large impact parameter, but there has been no numerical analysis on the structure of Abell 115. In this study, we simulate Abell 115 with Gadget2 N-body/SPH code to reproduce the X-ray and weak lensing features of Abell 115. We find a new plausible merger scenario of Abell 115, wherein the northern cluster is currently in an outgoing phase. The predicted X-ray emission has a similar morphology to the observed tail of the northern cluster. However, in order to reproduce the observed line-of-sight velocity and projected distance while maintaining the two systems gravitationally bound, the system should possess a large projection angle, which makes the shock look considerably more diffused than the observed radio relic.

• Phonetics and Speech Sciences
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• v.8 no.1
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• pp.25-36
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• 2016

Previous studies showed that the voice onset time (VOT) of aspirated and lenis stops has been merged, and post-stop fundamental frequency (F0) has emerged as a primary cue to distinguish the two stops in the younger generation and female speech. The purpose of this study is to demonstrate that VOT merger in aspirated and lenis stops occurs after an F0 difference between the two stops becomes stabilized. In other words, unless post-stop F0, which is a redundant feature, is fully developed, it is hard for VOT merger to happen. Females have got a stable F0 difference in stops earlier than males. Therefore, VOT merger could happen, and as a result, females could take the lead in changing from VOT to F0 in initial stops. This study also shows that speakers who acquired F0 as a primary cue use F0 to the full to distinguish lenis stops from two other stops (aspirated and fortis).

• International Journal of Quality Innovation
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• v.2 no.1
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• pp.87-105
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• 2001

More than a decade after their development and first wave of deployment, Six Sigma and Lean Manufacturing have recently returned on the corporate agendas of a larger number of corporations across industries and supply chains. In the wake of their re-surge, this commentary addresses the evolution, context, content and deployment patterns of the two distinct management concepts. It also analyses claims in the business press that a merger is taking place between Six Sigma and Lean Manufacturing. Here, it is found that there is not enough evidence to broadly support such claims, and it is only concluded that there is some evidence of an early tend towards a merger and that a possible merger would have many synergies and advantages. Finally, an example from a Scandinavian manufacturing company is provided that explains how Six Sigma and Lean Manufacturing can be used in a beneficial way for companies to reach world-class performance.