• 제목/요약/키워드: ownership linkages

검색결과 6건 처리시간 0.021초

Does Foreign Direct Investment Promote Skill Upgrading in Developing Countries? Empirical Evidence from Malaysia

  • JAUHARI, Azmafazilah;MOHAMMED, Nafisah
    • The Journal of Asian Finance, Economics and Business
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    • 제8권4호
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    • pp.289-306
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    • 2021
  • This paper aims to investigate how and to what extent FDI impacts the relative demand for skilled labor within firms in the case of developing countries. The analysis uses a sizeable micro-level dataset for Malaysian manufacturing industries using the System-GMM estimators to control the estimations' endogeneity problems. For this purpose, the study uses foreign equity share at the firm level to investigate foreign ownership effects at the firm level and the Horizontal FDI index by Smarzynska Javorcik (2004) to analyze FDI intra-industry linkages influence on the structure of labor demand for Malaysian domestic firms. Our findings indicate that foreign ownership increases the skilled demand within Malaysian manufacturing through the learning process, exclusively for small- and medium-sized firms (SMEs). Conversely for foreign-owned firms, changes in their skilled-labor share do not associate with changes in firm-level foreign equity share. We conclude that foreign ownership per se is not the major contributing factor for skill upgrading in Malaysian manufacturing firms. Furthermore, the competitive pressures caused by foreign firms' presence within the same industry - namely horizontal FDI - has a significant negative spillover effect on the level of skilled-labor share for domestic firms in the Malaysian manufacturing sector within periods of the understudies.

Foreign Direct Investment -Small and Medium Enterprises Linkages and Global Value Chain Participation: Evidence from Vietnam

  • NGUYEN, Thi Minh Thu;NGUYEN, Thi Tuong Anh;NGUYEN, Thi Thuy Vinh;PHAM, Huong Giang
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.1217-1230
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    • 2021
  • Using a multinomial logit model with the panel-data set of Vietnam manufacturing firms, this paper investigates the impacts of foreign direct investment (FDI) - small and medium enterprises (SMEs) linkages and other factors on SMEs' participation in the global value chain (GVC). We consider GVC firms are those engaging in any of the three modes including (i) using domestic inputs to export (D2E), (ii) using imported inputs to produce for the domestic market (I2P), (iii) using imported inputs to export (I2E). We discover that FDI-SME linkages statistically encourage Vietnamese SMEs to integrate into the GVC via I2P and I2E, while no statistical association between FDI-SME linkage and D2E participation is found. GVCs participation likelihood is also positively correlated with the introduction of new product introduction. The establishment of firms' production facilities in industrial zones and foreign ownership are both reported to be significantly decisive factors to SMEs' decisions on GVC participation. Besides, there is a strong association between firms' attributes, i.e. employment, capital intensity as well as financial access, and their participation in the GVC. Local governance quality (proxied by the Provincial Competitiveness Index) and the share of skilled labor at the province-level can facilitate firms' integration into GVCs, while greater market concentration may be a hurdle to such potential.

건설업과 제조업의 기업성과에 대한 소유구조의 효과성 분석 (The Effectiveness of Ownership Structure on the Financial Performance of Construction and Manufacture Industries)

  • 김대룡;임기수
    • 한국산학기술학회논문지
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    • 제12권7호
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    • pp.3062-3071
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    • 2011
  • 기업의 소유구조와 기업 가치에 미치는 영향에 관하여, 일반 제조업과는 상이한 업종상 회계상 특성을 가진 건설기업의 경영성과를 소유구조에 따라 일반 제조기업과 비교한 연구는 미진하였다. 본 연구에서는 1998년도부터 2007년도까지 우리나라 KOSPI 상장기업의 주요 주주지분율(내부지분율, 외국인지분율, 기관투자자지분율)의 증감에 따른 경영성과와의 상호 연관성 여부와 지분구조에 따라 제조기업과 건설기업과의 성과 차이에 대하여 비교하고자 한다. 실증결과를 요약하면, 첫째 외국인지분의 증가는 MTB에 정(+)의 영향을 미치어 외국인투자자지분이 기업의 장기적 경영성과(MTB)에 긍정적 영향을 준다는 선행 연구의 결과를 지지 하였으며, 내부지분율의 증가는 MTB에 부(-)의 영향을 미치는 것으로 나타나 선행연구의 경영자안주가설을 지지 하였다. 단지, 기관투자자지분율과 MTB와의 관련성은 적극적 감시가설을 언급한 앞선 여러 연구의 결과에도 불구하고 연동성을 찾아 볼 수 없었다. 또한 소유구조와 ROA의 연동성을 살펴보면 내부지분율 및 외국인지분율의 증가는 ROA에 정(+)의 영향을 미치나 기관투자자 지분율의 증가는 부(-)의 영향을 미치어 앞선 기관투자자의 적극적 감시가설과는 다른 결과를 보여주었다. 두 번째 지분구조에 따라 건설업과 제조업간의 경영성과가 차이가 있는지를 검증한 결과 내부지분율과 건설업유무, 외국인지분율과 건설업유무, 기관투자가지분율과 건설업유무 모두 MTB 와 ROA에 통계적으로 차이를 주지는 못하는 것으로 나타나 발주, 생산 및 회계상 수익의 인식 등 제조업과의 다른 특성에도 불구하고 지분구조에 따른 건설기업과 제조기업의 경영성과에는 차이는 없음을 알 수 있었다.

DYNAMICS OF GUN VIOLENCE BY LEGAL AND ILLEGAL FIREARMS: A FRACTIONAL DERIVATIVE APPROACH

  • Chandrali, Baishya;P., Veeresha
    • 호남수학학술지
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    • 제44권4호
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    • pp.572-593
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    • 2022
  • Crime committed by civilians and criminals using legal and illegal firearms and conversion of legal firearms into illegal ones has become a common practice around the world. As a result, policies to control civilian gun ownership have been debated in several countries. The issue arose because the linkages between firearm-related mortality, weapon accessibility, and violent crime data can imply diverse options for addressing criminality. In this paper, we have projected a mathematical model in terms of the Caputo fractional derivative to address the issues viz. input of legal guns, crime committed by legal and illegal guns, and strict government policies to monitor the license of legal guns, strict action against violent crime. The boundedness, existence and uniqueness of solutions and the stability of points of equilibrium are examined. It is observed that violent crime increases with the increase of crime committed by illegal guns, crime committed by legal guns and, decreases with the increase of legal guns, the deterrent effect of civilian gun ownership, and action of law against crime. Further, legal guns increase with the increase of the limitation of trade of illegal guns and decrease with the increase of conversion of legal guns into illegal guns and increase of the growth rate of illegal guns. Again, as crime is committed by legal guns also, the policy of illegal gun control does not assure a crime-free society. Weak gun control can lead to a society with less crime. Theoretical aspects are numerically verified in the present work.

한국제조업에서의 외부통제에 관한 공간적 분석 (The geography of external control in Korean manufacturing industry)

  • 백영기
    • 대한지리학회지
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    • 제30권2호
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    • pp.146-168
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    • 1995
  • 본 연구는 기업의 외부통제에 관한 개념적인 논의와 함께, 한국의 제조업에서 80년 대 중반 이후(1986-1992)에 나타난 통제의 공간적 변화를 경험적으로 조사하였다. 15개의 지역 사이에 다입지 기업의 소유연계에 대한 자료가 외부통제의 대체척도로 이용되었다. 이 자료를 근거로 생산과정의 특성에 따른 세가지 유형의 제조업 부문별로 통제의 변화를 지도 화하여 분석하였다. 전반적인 외부통제의 지리적 특징은 서울이 탁월한 통제의 중심지로서, 서울의 영향력은 수도권과 동남권의 산업발달 지역에 집중되었지만, 최근에 그 영향력은 산 업이 낙후된 지역까지 확산되어 전국적이다. 또한 새로운 통제의 중심지로 수도권과 동남권 의 중심인 대도시가 서서히 부각되고 있다. 이러한 특징에도 불구하고, 제조업 유형별로 상 이한 외부통제의 공간적 패턴은 생산의 조직구조가 생산과정에서 필요로 하는 자본과 노동 은 물론 부문이 처한 외부환경에 따라 변화됨을 보여준다. 이러한 결과는 상이한 생산과정 을 채택하는 다입지 기업의 공간적 영향에 차별적 분석을 요구한다.

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Rainfed Areas and Animal Agriculture in Asia: The Wanting Agenda for Transforming Productivity Growth and Rural Poverty

  • Devendra, C.
    • Asian-Australasian Journal of Animal Sciences
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    • 제25권1호
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    • pp.122-142
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    • 2012
  • The importance of rainfed areas and animal agriculture on productivity enhancement and food security for economic rural growth in Asia is discussed in the context of opportunities for increasing potential contribution from them. The extent of the rainfed area of about 223 million hectares and the biophysical attributes are described. They have been variously referred to inter alia as fragile, marginal, dry, waste, problem, threatened, range, less favoured, low potential lands, forests and woodlands, including lowlands and uplands. Of these, the terms less favoured areas (LFAs), and low or high potential are quite widely used. The LFAs are characterised by four key features: i) very variable biophysical elements, notably poor soil quality, rainfall, length of growing season and dry periods, ii) extreme poverty and very poor people who continuously face hunger and vulnerability, iii) presence of large populations of ruminant animals (buffaloes, cattle, goats and sheep), and iv) have had minimum development attention and an unfinished wanting agenda. The rainfed humid/sub-humid areas found mainly in South East Asia (99 million ha), and arid/semi-arid tropical systems found in South Asia (116 million ha) are priority agro-ecological zones (AEZs). In India for example, the ecosystem occupies 68% of the total cultivated area and supports 40% of the human and 65% of the livestock populations. The area also produces 4% of food requirements. The biophysical and typical household characteristics, agricultural diversification, patterns of mixed farming and cropping systems are also described. Concerning animals, their role and economic importance, relevance of ownership, nomadic movements, and more importantly their potential value as the entry point for the development of LFAs is discussed. Two examples of demonstrated success concern increasing buffalo production for milk and their expanded use in semi-arid AEZs in India, and the integration of cattle and goats with oil palm in Malaysia. Revitalised development of the LFAs is justified by the demand for agricultural land to meet human needs e.g. housing, recreation and industrialisation; use of arable land to expand crop production to ceiling levels; increasing and very high animal densities; increased urbanisation and pressure on the use of available land; growing environmental concerns of very intensive crop production e.g. acidification and salinisation with rice cultivation; and human health risks due to expanding peri-urban poultry and pig production. The strategies for promoting productivity growth will require concerted R and D on improved use of LFAs, application of systems perspectives for technology delivery, increased investments, a policy framework and improved farmer-researcher-extension linkages. These challenges and their resolution in rainfed areas can forcefully impact on increased productivity, improved livelihoods and human welfare, and environmental sustainability in the future.