• 한국조리학회지
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• 제11권4호
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• pp.134-149
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• 2005

First, generally the more business employ the financial and non financial outcome analysis for evaluation process, the higher the success rate of new product development becomes in the domestic restaurant market. Second, the study shows that the financial outcome tends to be considered more than non financial outcome on deciding success of the new product development. Third, it is indicated that although detailed plans have a large impact on the outcome of new product development, communication between departments within a company is not a considerably important factor for deciding success of the new product. Fourth, 'market environment' has significant influence on deciding adoption level of financial and non financial outcome analysis, organizational resources and culture.

• 산경연구논집
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• 제10권7호
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• pp.7-16
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• 2019

Purpose - Economic globalization provides firms with a new channel to gain benefits from foreign countries. Therefore, using the real MNEs, this paper set China's firms as an example to explore the relationship between multinationality and performance. Research design, data, and methodology - Panel data from 2008 to 2017 was used and 390 multinational firms listed in China's A-share market was selected. Additionally, related econometric methods were employed to analyze the relationship between multinationality and performance in this study. The return on assets was treated as a dependent variable, and the sales of a firm, the firm age, the debt asset ratio of a firm, the ratio of foreign sales to total sales and the enterprise properties were treated as independent variables. All of these factors were used to conduct an empirical analysis. Results - The empirical findings in this study revealed that there is a linear relationship between multinationality and performance, as well as that non state-owned enterprises (non-SOEs) have a greater effect on the relationship between multinationality and performance than that of the state-owned enterprises (SOEs). Conclusions - On the basis of evidences this paper provided, China's government should take measures in the future to help China's firms when they fulfil international economic activities.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.241-250
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• 2020

This study examines the relationship between the attributes of board structure and the likelihood of financial distress for the non-financial sector of an emerging market characterized by concentrated ownership and family-controlled business. The present study utilized panel logistic regression to estimate the relationship between board structure attributes and the likelihood of financial distress. We used Altman Z-Score as a proxy for firm financial distress, as this tool measures the financial distress inversely. The study finds a significant relationship between board size and the likelihood of financial distress. The results show that a one-unit increase in board size would decrease the probability of financial distress by 3.4%. Further, we observe that a greater level of board independence is associated with a lower likelihood of financial distress. A one-unit increase in board independence would decrease the probability of financial distress by 20.4%. We also find a significant positive impact of leverage on the likelihood of financial distress. The present study contributes to the body of literature on board structure attributes and likelihood of financial distress in emerging markets, like Pakistan. Furthermore, the findings would be beneficial for corporate policymakers and investors in formulating corporate financial strategy and predicting business failure.

• 경영과정보연구
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• 제36권5호
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• pp.99-120
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• 2017

최근 연구를 살펴보면 다국적기업이 국제경영 활동에서 국제기업가지향성은 기업성과의 향상에 아주 중요한 수단으로 인식되고 있지만 이들 관계는 다양한 연구결과를 보여주고 있다. 따라서 개발도상국인 중국 수출기업을 대상으로 선정하였을 때 이들 관계가 선형관계를 미치는지 아니면 비선형관계를 미치는지에 대한 검증은 매우 흥미로운 연구주제가 될 수 있다. 본 논문의 연구목적은 중국 수출기업을 대상으로 국제기업가지향성과 수출성과에 비선형의 영향을 미치는지를 검증하고, 국제화 정도와 시장역동성의 조절효과를 검증하고자 한다. 본 논문의 가설검증을 위해 사용된 설문지는 총 478부이다. 연구결과를 요약하면 첫째, 국제기업가지향성과 수출성과의 관계는 J형 관계인 것으로 나타났다. 둘째, 국제화 정도는 국제기업가지향성과 수출성과의 J형 관계를 더욱 강화하는 것으로 나타났다. 셋째, 국제화정도가 높을수록 국제기업가지향성과 수출성과의 J형 관계는 강화되고 이러한 조절작용은 시장이 역동적일수록 더욱 강화되는 것으로 나타났다. 연구결과는 다음과 같은 이론적 기여와 경영적 기여를 한다. 이론적 기여로는 국제기업가지향성과 수출성과는 비선형 관계(J형)를 형성한다는 것이 확인되면서 국제기업가지향성과 수출성과의 관계를 새롭게 접근할 수 있는 실증적인 기여를 이루었다. 경영적 기여로는 역동적인 해외시장에서 국제화정도가 높은 중국기업은 수출성과의 향상을 위해서는 국제기업가지향성 행위를 지속적으로 실행해야 한다는 것을 시사한다.

• 동아시아경상학회지
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• 제10권4호
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• pp.39-45
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• 2022

Purpose - This short paper reviews the debate dealing with the relationship between strategy and traditional strategy approach on the one hand, and business models and new business model approach on the other hand and tries to offer useful direction to be more helpful to theoretical discussions. Research design, data, and methodology - This paper makes a theoretical analysis to explain the confusion surrounding the debate, reviewing mainly literature survey papers and finds theoretical conjecture and its limitations in order to present useful direction to the future theoretical work. Result - In order to comprise its diversity, business model studies should consider the characteristics of each firm, sector, and market. Adding further elements which are related to each sector or market, theoretical studies can capture the diverse phenomena related to business model and business model innovation. Conclusion - The traditional strategy perspective can be utilized to the Business model phenomenon in the case of incumbent firms and non-digital sector and existing markets. Meanwhile the new business model perspective can be utilized to business model phenomena in case of start-ups and digital sector and emerging markets. Reconciling two perspectives, the studies dealing with the business model should focus on the characteristics of firms, markets, and knowledge from the perspective of business model innovation.

• 한국유통학회지:유통연구
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• 제10권2호
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• pp.49-72
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• 2005

상호의존성은 유통경로상에 존재하는 기본적 특성으로서 오랫동안 유통분야에서 관련연구들이 활발하게 진행되어 왔다. 특히 갈등은 유통경로상의 거래관계를 특징짓는 주요 특성으로서 상호의존성과 갈등 간 관계를 규명하는 것은 의미하는 바가 크다. 그러나 사회학 분야에서는 상호의존성과 갈등 간 관계를 설명하는 상반된 이론이 존재하며, 마케팅 분야에서도 상호의존성과 갈등 간 관계에 대해서 상반된 연구결과가 제시되었다. 이에 본 연구에서는 상호의존성과 갈등 간 관계에 대해 대립된 설명을 하고 있는 쌍무적 억제이론과 갈등나선형이론 등의 사회학 이론을 활용하여 붙균형적 상호의존성과 갈등간 비선형적 관계를 제안하고, 이를 위해 소방관련 전문공사업체들과 공급업체들로부터 설문데이타를 수집하여 불균형적 상호의존성과 갈등간 역U형태의 관계가 있음을 증명하고자 한다. 분석결과 구매업체집단과 공급업체집단 모두에서 상호의존성의 총합이 높을 때 불균형적 상호의전성과 갈등간 비선형적 관계가 통제적으로 유의미하게 도출되었다. 마지막으로 몇 가지 학문적 시사점들과 한계점 및 향후 연구 과제를 제시하였다.

• 무역상무연구
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• 제51권
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• pp.133-158
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• 2011

The purpose of this study is to analyze one of CIETEC(China International Economic and Trade Arbitration Commission) Award on the dispute arising from Cotton Sale Contact which deals with damages and reduction of the price. Especially this case focused on the effect of reduction of the price to damages. The purpose of damages is to place the aggrieved party in as good a position as if the other party had properly performed the contract. So court costs and attorney's fee should be regarded as the loss, because these are caused by consequence of the breach which is recoverable. With the same reason, overpaid taxes should also regard as the loss. It is not impossible, however, to claim both damages and reduction of the price for same loss at the same time. It means buyer could not claim damages for the same loss, once he already claimed reduction of the price. So Korean companies should consider which remedy is proper to himself under the circumstances. He should choose reduction of the price when market price is down. In case of rising market price, he should consider follows: first, it is better to choose damages based on current price(Art.76), if upswing of non-conformity price is higher then upswing of market price. Second, it is better to choose general rule for measuring damages(Art.74), if upswing of market price is higher then upswing of non-conformity price.

• Journal of Korea Trade
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• 제27권1호
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• pp.159-175
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• 2023

Purpose - This paper empirically investigates the relationship between born global strategy and the accounting- and market- based financial performance of Korean firms. Further, this study identifies the characteristics of born global firms (BGs) in comparison with non-BG counterparts in terms of size, R&D, and liability. Design/methodology - Using a database of listed Korean SMEs in the manufacturing sector from 2010 to 2020, this study applies panel generalized least squares (GLS) estimation and logistic regression techniques. Findings - This study finds that BG strategy is negatively related to the firm's accounting-based financial performance, while it is positively related to the market-based financial performance. This study also finds that BGs have higher sales volume and more total assets compared to their non-BG counterparts. In addition, Korean BGs spend more on R&D, and at the same time have higher liability. Originality/value - BGs, by definition, are firms that are actively penetrating foreign markets from the early stages of their establishment. Previous studies of Korean BGs have tried to identify the determinants of BGs' rapid internationalization and their superior performance. However, most of these studies have utilized either qualitative case- or survey-based analyses with relatively limited numbers of observations. From a different perspective, this study provides more objective evidence by investigating how the BG strategy affects the financial and market performance of firms, and by characterizing BGs in terms of financial data.

• 벤처창업연구
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• 제16권5호
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• pp.75-89
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• 2021

본 연구는 국내 소상공인의 사업성과에 영향을 미치는 요인 중 개인 요인인 창업가 특성과 환경요인인 시장특성이 사업성과에 미치는 영향과 디지털 리터러시의 매개효과를 밝히는 것을 목적으로 한다. 현재 소상공인은 디지털 기술의 확산과 코로나 19의 장기화로 인해 기존의 방식으로 사업을 영위해 나가기 어려운 상황에 직면해 있다. 이들에게 필요한 역량의 하나로 본 연구에서는 디지털 리터러시에 주목하였으며, 디지털 리터러시가 소상공인 개인·시장의 특성, 사업성과와 어떠한 관계에 있는지 살펴보았다. 선행연구에서 소상공인의 사업성과를 설명하는 다양한 요인을 검토하였으며 소상공인의 창업가특성인 혁신성과 자기결정성, 시장특성인 시장의 경쟁정도와 성장성을 독립변수로 도출하고 재무적 성과와 비재무적 성과를 종속변수로 설정하였다. 디지털 리터러시는 독립변수와 종속변수 간의 관계를 매개하는 역할을 할 것으로 보고 가설을 설정하였다. 실증연구를 위해 전국의 소상공인을 대상으로 설문조사를 실시하였고 분석결과를 정리하면 다음과 같다. 소상공인의 혁신성과 자기결정성은 재무적 성과와 비재무적 성과에 정(+)의 유의한 영향을 미치는 것으로 나타났다. 또한 시장의 경쟁정도는 재무적·비재무적 성과에 유의한 영향이 없으며 시장의 성장성은 재무적 성과와 비재무적 성과에 유의한 정(+)의 영향이 있음을 확인하였다. 디지털 리터러시의 매개효과의 경우, 혁신성이 비재무적 성과에 미치는 영향에 대해 부분매개효과가 있으며 시장의 경쟁정도가 재무적 성과와 비재무적 성과에 미치는 영향에 대하여 디지털 리터러시는 완전매개효과가 있음을 확인하였다. 마지막으로 성장성이 비재무적 성과에 미치는 영향에 대하여 디지털 리터러시는 부분매개효과가 있음을 확인하였다. 결과를 살펴보면, 혁신성과 자기결정성에 해당하는 소상공인의 창업가 특성은 직접적으로 사업성과를 높이는 요인으로 작용하며, 시장특성은 간접적으로 디지털 리터러시를 높여서 성과를 올리는 효과가 있음을 알 수 있다. 이상의 연구결과를 토대로 연구의 시사점과 한계점, 그리고 향후 연구방향을 함께 제시하였다.

• 전기학회논문지
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• 제66권8호
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• pp.1181-1186
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• 2017

The purpose of Demand Response is to reduce the cost of excessive resources and equipment by spontaneous load reductions at peak loads. Having enough power consumers participating in these schemes is key to achieving the goal. Demand Response Aggregator (DRA) is responsible for recruiting demand resources and managing them to participate in reducing the load. DRAs change the price elasticity of demand functions by providing incentives to demand response, thereby affecting price formation in the electricity market. In this paper, this process is modeled to analyze the relationship between DRA's strategic bidding and market outcomes and load reductions. It analyzes the results by applying to competition between DRAs, competition between DR and Gencos, and coexistence of DR load and non-DR load. It is noteworthy that we have found a phenomenon called the Balloon Effect.