• Korean Management Science Review
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• v.31 no.1
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• pp.1-15
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• 2014

As the scarcity of natural resources has become apparent, the recycling industry has emerged as a promising one for its growth potential. Yet, the recycling industry still remains undeveloped and inefficient for various reasons. In this study, we focus on firms' recycling processes to understand the current status of recycling firms' value creation activities. With respect to the adopted recycling processes, we empirically investigate the differences in firm characteristics and firm performance. We use the data from Keco (Korea Environment Cooperation) which annually conducts a survey of recycling firms in Korea. We exclusively consider the whole group of plastic recycling industry in order to control for a possible bias in firm performance, stemming from the heterogeneity in processing and recycling of materials other than plastics. We review the descriptive statistics from the sample firms and conduct a series of hierarchical regression analyses. The results show that most of the firms in this industry adopt physical transformation processes with a low-level technology. These firms with physical transformation processes are smaller in size and produce entry level items which do not secure higher margins. The results indicate that the recycling industry largely comprises low value added firms which lack economies of scale and resources for R&D. For the stable growth of the industry, recycling firms must create sustainable values through implementation of technology-driven processes and improvement in product quality. In addition, the government should help build a reliable reverse logistic network, lower the entry barriers, and provide necessary funding for the SMEs in the recycling industry.

• Environmental and Resource Economics Review
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• v.11 no.2
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• pp.279-290
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• 2002

This paper explores the impact of public financing for recycling firms on output, using a specific case study of Korea. To this end, we employ a production function approach and apply generalized method of moment estimation technique. The results show that the impact appears to be not only positive but also statistically significant, and more interestingly the estimate for financed capital is numerically larger than that for non-financed capital.

• Environmental and Resource Economics Review
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• v.10 no.3
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• pp.413-431
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• 2001

Previous analyses of deposit-refund systems (hereafter DRS) mosty concerned consumer-paid DRS. While there has been a trend to put more emphasis on the producers' responsibility in recycling, especilly in Europe, and the supplier-paid DRS has been enforced in Korea during the past decade, little attempt has been made to analyse rigorously the nature of the supplier-paid DRS. This paper looks into the effects of the supplier-paid DRS on firm behaviors and profits under the oligopolistic market structure. It is shown that, in the cournot model where firms strategically interact each other, when the deposit rate is high enough, firms' profit increase as the deposit rate rises. Furthermore, where the number of firms are sufficiently large, it can happen that, as the deposit rate increases, both social welfare and firms' profit improve.

• Journal of the Korea Institute of Building Construction
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• v.12 no.2
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• pp.169-182
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• 2012

In the past, a strategic management of work demands has been increasingly challenged to design-build (DB) firms. Such a management is capable of providing sufficient profitable impact of a project on them. Total project profit is mainly related to actual resources, work completion time, amount of rework, and costs. The degree of recycling work packages in the DB project delivery system is used as a measure of the quality of the performed work. However, there are few models available to evaluate the impact of a demand management strategy on the DB firms and to predict its behavior. We propose a decision-making support model as an aid for assessing the amount of rework and for predicting project profit resulting in a convincible demand management strategy. This model is constructed by using a dynamic feedback approach that can analyze the problems arising in complex managerial systems. For the purpose of illustration, widely acceptable strategies were applied into the model to explore their impacts on the DB firms. The results indicate that the model is helpful for the managers in selecting the most appropriate demand management strategy for successfully achieving their objectives.

• Resources Recycling
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• v.24 no.5
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• pp.40-55
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• 2015

The purpose of this study is to analyse whether the waste disposal volume level in the construction waste disposal industry makes a different effect on earnings management behaviour by size of the licensed storage capacity and by location of the waste disposal site. The empirical results of this study are as follows. First, the waste disposal volume significantly influences earnings management behavior. When it comes to the size of licensed storage capacity in the small-sized capacity firms, the smaller waste disposal volume firms make more aggressive earnings management by using discretionary accruals. On the other hand, in the large-sized capacity firms, more waste disposal volume firms report higher earnings by adjusting more discretionary accruals. Second, the effects of waste disposal volume on the earnings management show different pattern depending on the location of waste disposal site. When the firms are located in the non-capital regions, the smaller waste disposal volume firms report higher earnings by adjusting discretionary accruals as well as by using real activities earnings management. However, the firms located in the capital regions show more aggressive earnings management when they have higher waste disposal volume level.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2022.06a
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• pp.201-203
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• 2022

Increasing global market of used electric vehicle (EV) battery encourages international firms to establish its subsidiary companies or business units specializing in battery recycling. Such kind of companies predominantly use closed loop supply chain (CLSC) for their operations of battery manufacturing and used battery recycling/reusing in global scale. However, EV battery recycling, as a relatively new industry, makes its global CLSC be exposed to various types of risks, which leads to inefficiency of supply processes and makes supply chains more complicated and vulnerable. Identifying, evaluating, and analyzing possible risks in CLSC has a great importance for optimization and increasing effectiveness for the global supply chain of used EV battery. Itwill assist to elaborate the efficient CLSC management and possible risk mitigation strategies to keep the global EV battery supply chain resilient and sustainable. This study aims to develop a conceptual framework for risk assessment in this new sector. Therefore, it will populate the framework with possible failure modes identified from various literature on EV battery recycling and closed loop supply chains so that future research can validate and utilize the conceptual framework.

• International Journal of Costume and Fashion
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• v.10 no.2
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• pp.61-71
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• 2010

The purpose of this study was first, to examine the causes for the recent acceleration in the increase of textile/apparel waste and the current practices for reducing waste in the global textile and apparel industry; and second, to explore the influence of sustainability and social responsibility on fashion trends. Extensive literature on sustainable apparel and sustainable and socially responsible practices by global textile and apparel firms was reviewed in conducting this research. First, an accelerated fashion diffosion speed due to fast fashion was focused on as a cause for the increase in textile/apparel waste whereas mass customization was focused on as a potential solution for reducing waste. Then, the influence of the social trend toward sustainability and social responsibility on fashion trends was discussed, particularly the trends toward green products and recycled fashion, the trend against using real for or leather, and minimum-fabric-waste fashion in design and product development. This study furthers consumers' understanding of sustainability and social responsibility related to fashion trends and hopefully increases their consciousness in becoming socially responsible consumers. This study will also contribute to better decision-making in apparel and textile firms to produce sustainable fashion products.

• Journal of the Korea Convergence Society
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• v.4 no.4
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• pp.1-5
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• 2013

This study aims to define the positive relationship among reverse logistics capability, firm's profits, and collaboration satisfaction. In the previous literatures about reverse logistics mainly focus on the importance of relationship between manufacturers and customers, but less likely on the potential positive effects of between collative firms. To implicate reverse logistics gives firms assets recovery, cost reduction through recycling which affects greater profits. Reverse logistics capability would be positively related with increasing profits for collaboration and satisfaction between partners.

• Proceedings of the Safety Management and Science Conference
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• 2002.05a
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• pp.275-283
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• 2002

This study is focused on the calculation for optimum period for environmental logistics system to replace old truck. Companies throughout the world have recognized the importance of environmentalism and the role of logistics in structuring a corporate response to environmental issues like recycling, waste disposal, pollution, and many others. Reverse logistics, the term often used to represent the role of logistics in environmentalism, is gaining acceptance by firms.

• Environmental and Resource Economics Review
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• v.9 no.4
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• pp.701-725
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• 2000

Environmental taxes tend to compound the welfare cost of pre-existing tax distortions, the tax-interaction effect, however they also raise government revenues, tax revenue-recycling effect. By incorporating these two opposite tax effects, this paper examines a second- best environmental taxation for a polluting monopolist with distortionary taxes. The analysis suggests that the complications posed by pre-existing tax distortions as well as market structure can be key considerations in designing environmental taxes. In the tax setting game between regulator and regulated firm, we also derive the equilibrium tax rate and examine its relationship with distortionary taxes.