• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.199-206
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• 2021

This study investigated the main concerns and strategies in Indonesian large family businesses to undertake intergenerational succession effectively. The research data was obtained to shed light on the incumbents' mindsets, key preferences, and experiences during the succession process. Access to incumbents of large family businesses that are conglomerates is scant. The preceding survey research was conducted to sensitize with the intricacy of the intergenerational succession process in large family businesses before entailing interpretative phenomenology analysis of qualitative data from interviews, observations, and field notes by approaching family members in five conglomerate groups that have major impacts on the economy. The findings explicate the incumbents' preferred criteria in choosing their successors as well as their perceived concerns revolving around the appointment. Additionally, the incumbents' succession approaches such as apprentice learning by successors, adaptability to external forces by successors, nurturing the entrepreneurial spirit in successors, governance establishment in the firms, business interest stimulation in successors, role modeling by incumbents, and collaboration between family and key non-family members are elicited during the intergenerational succession process. This study concluded with noteworthy implications for incumbents and successors in large family businesses, especially providing explicit criteria and strategies to appoint suitable successors, and suggesting potential avenues for future research.

• Journal of Practical Agriculture & Fisheries Research
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• v.26 no.3
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• pp.53-63
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• 2024

This study analyzes the current status of farming succession among young farmers and reviews policy measures to revitalize farming succession. In order to analyze the current status of farming succession to young farmers, a survey was conducted on 186 graduates of Korea National University of Agriculture and Fisheries who are engaged in farming. According to the analysis results, the respondents' farming succession method had a high proportion of intra-family gift and inheritance (56.5%), and the reason for farming succession was mainly due to lack of farming ability due to aging of parents or grandparents (87.6%). Among the difficulties faced by young farmers in the process of farming succession, it was found that the degree of difficulty was high in securing farmland, lack of investment in facilities and operating funds, lack of legal information on gifts and inheritance, and communication problems with parents. A plan to revitalize farming succession for sustainable agriculture is presented as follows. First of all, we are seeking a way to stably hand over the agricultural base of older farmers to young farmers. Second, it is necessary to seek alternatives for the succession of agricultural assets. Third, policy support is needed to solve the difficulties of farming succession. For example, expanding retirement income support for transferred farmers or strengthening support to promote succession to young farmers. Fourth, it is necessary to build a foundation such as consulting and information provision to solve problems that arise in farming succession within the family. Fifth, there is a need to review an effective farming succession plan by converting the management body into a corporation and distributing decision-making rights.

• Journal of Korean Society of Forest Science
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• v.95 no.6
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• pp.723-728
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• 2006

Since the forest succession is changing process in the structure and function of a forest for the long period of time, the objectivity of the process could be improved through the development of model or statistical methodology. This study was carried out to estimate succession index based on climax index and species composition parameters, thereupon to compare the succession index with life form and species diversity so as to grasp the information of quantitative successional process for the six community types in the natural deciduous forest of Mt. Jumbong area. The results indicated that Quercus mongolica-Tilia amurensis community had the greatest succession index of 67.5, followed by Abies holophylla-Fraxinus mandshurica community with 67.4. Juglans mandshurica-Cornus controversa community was recorded the smallest value of 60.5. The succession index of overstory tended to increase considerably at the stage of steady state for all community types except Quercus mongolica-Tilia amurensis community. However, The index of midstory hardly varied as the forest succession would progress for all community types. The succession index was negatively correlated to wind-water dispersion type of life form and positively to animal dispersion type at the 5% probability level. On the other hand, the index was not significantly correlated to the species richness and Shannon's species diversity index.

• Journal of Ecology and Environment
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• v.44 no.3
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• pp.126-142
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• 2020

Background: Most of the Pinus densiflora forests, occupying the largest area, have been restored in South Korea since the 1970s. As young pioneer forests, the succession process is under way. Since the forests are distributed nationwide and are vulnerable to disturbances, the process may differ depending on the geography and/or site conditions. Therefore, we reviewed the direction, the seral communities, and the late-successional species of progressive and disturbance-driven succession nationwide in the cool-temperate zone through meta-analysis and empirical observations. Main text: As a result of a meta-analysis of the direct succession and vertical structure, we found that the P. densiflora forest is in a directionally progressive succession, changing to the broadleaved forest after forming a mixed forest with its overwhelming successor, Quercus species (particularly Q. mongolica and Q. serrata). In dry stands in a relative sense, the Quercus species was favored occupying over 80% of the abundance of the succeeding species. Therefore, in dry stands, it is presumed that Quercus-dominated stage would last for a long time due to the current dominance and long life span, and eventually, it settles as Quercus-broadleaved forest with a site change. Contrary to this, it is presumed that in mesic stands where Quercus species do not occur or have low abundance, the late-successional broadleaved species settle early to form a co-dominant forest with multiple species. Due to geographical limits, the species composition of the two late-successional forests is different. Disturbances such as insect pests and fire retrogressed vulnerable P. densiflora forest for a while. However, it was mostly restored to the Quercus forest and is expected to be incorporated in the pathway of the dry stand. Conclusions: We revealed the succession process of P. densiflora forests according to geography and moisture and found that stand moisture had a decisive effect on the species and abundance of the successor. Although the P. densiflora forest is undergoing structural changes, the forest is still young; so within a few decades, physiognomy is not likely to change. Therefore, the decrease in the forest area may be due to other causes such as disturbances and forest conversion rather than due to succession.

• Journal of Environmental Science International
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• v.13 no.1
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• pp.11-17
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• 2004

The purpose of this study is to present the model of ecological restoration through analysis on the condition of hydrach succession process in brackish water lake. To this study, we investigate and research the present condition of brackish water lake in South Korea. Most brackish water lake in South Korea have characteristics that is come into being malignant hydrach succession. Many lakes were reclaimed to increase foodstuff production. And river conservation work seperate lakes from the ocean. In a embryological view, most lakes based on the brackish water lakes, But present lakes show many different types such as a fresh water lake, a salt lake, a brackish water lake, a swamp, and a marshland. As a result, brackish water lakes have greatly damaged by diverse artificial interventions to promote people's activities. Therefore, in order to manage brackish water lakes systematically, criteria of lake preservation must be coincide with the present conditions of hydrach succession in each lake.

• Journal of Environmental Impact Assessment
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• v.13 no.4
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• pp.213-222
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• 2004

Exergy is defined as the amount of work (entropy-free energy) a system can perform when it is brought into thermodynamic equilibrium with its environment. Exergy measures the distance from the inorganic soup in energy terms. Therefore, exergy can be considered as fuel for any system that converts energy and matter in a metabolic process. The aim of this study is to introduce structural dynamic modelling which is based on maximum exergy principle. Especially, almost ecological models couldn't explain algal succession until now. New model (structural dynamic model) is anticipated to predict or explain the succession theory. If the new concept using maximum exergy principle is used, algal succession can be explained in many actual cases. Therefore, It is estimated that structural dynamic model using maximum exergy principle might be a excellent tool to understand succession of nature from now on.

• Proceedings of the National Institute of Ecology of the Republic of Korea
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• v.3 no.4
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• pp.204-211
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• 2022

Forensic entomology is a field of study that includes the succession of insects attracted to and found on cadavers. One of its main focusses is estimating post-mortem interval (PMI) based on the growth stage of insects found in and around human cadavers. In many countries, the diversity of insect occurrence is studied in relation to the environmental conditions a cadaver may be exposed to or the effects of different clothes. In this study, changes in the decomposition process and differences in insect succession were investigated by comparing skinned and intact water deer carcasses. Five orders, 15 families, and 21 species of insects were identified, most of which were Dipteran and Coleopteran. The skinned carcass decomposed more rapidly than the intact carcass, which was linked to differences in insect succession. The difference in the decomposition rate and insect succession according to the external conditions of the carcass can be used as basic data for estimating the PMI of the carcass and setting the forensic entomological indicator species.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.10 no.4
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• pp.133-145
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• 2015

This study investigates the relationships between the characteristics of the succession process and organizational performance as well as the moderating roles of strategic HRM practices in these relationships. Data was collected from 256 successors and HR managers(128 for each) in South Korean family businesses where the succession process either had been completed or was currently underway around time of data collected and analyzed. Our results indicate that the provision of successor training is positively related to organizational performance, while the clarity of the incumbent's role after succession, communication of the decision regarding succession, and the incumbent's propensity to step aside are not significantly related to organizational performance. Further, our results confirm (a) the moderating effects of strategic staffing practices between communication of the decision regarding succession and organizational performance, and (b) the moderating effects of strategic staffing practices between the incumbent's propensity to step aside and organizational performance. The theoretical and practical implications of these findings are discussed.

• Korean small business review
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• v.39 no.1
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• pp.1-39
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• 2017

The first generation of the business that had been founded in 1960~1970s faces the situation to consider the succession of the family business developed by devotion of their whole lives in the critical timing to the next generation. In the process of selecting the party of family business succession, it is required to consider a variety of succession types including smooth transfer to the other family member or the employee of the company, selling the company, or hiring external specialist. Foreign countries acknowledge the importance of the succession in the family owned company to perform multiple studies on the influential factors to the succession, distinction, and types of family business succession; and they utilize the results for the related policy development and the support of family owned business succession. However, few studies have been conducted on the succession of the domestic family owned business and majority of them are related to the types of succession. Considering its share and influential power in the domestic economy, it is necessary to develop the guideline and the policies to solve many issues on the succession of the family owned business by systemic studies. Hence, the impact of the main characteristics in the family owned business on the types of its succession was analyzed in this study focusing on five domains of Socioemtional Wealth (SEW) in view of Behavioral Agency Theory by Gomez-Mejia et al. (2007) using the data from 540 family owned small-to-medium sized businesses so as to analyze the issues on their business succession. Upon the empirical analysis results, it was confirmed that they were influenced to the selection of succession type by family succession > internal employee succession > external succession, for the variables of social contribution which were non-financial characteristics, internal employee succession > family succession > external succession for the intellectual properties, and family succession > external succession for the management participation of the family. The distinction of social contribution were influenced the most to the selection of the succession types. Financial factors, business performance, and R&D investment variables were not significantly influenced to their selection of the succession types. In case of simultaneous management, the family succession rate was high and it showed the control effect to strengthen selecting family owned business with R&D investment, social contribution, and company history variables. The behavioral agency theory used in this study was confirmed with high explanation power on the family owned business succession. The family owned business showed the tendency to maintain SEW, and non-financial factors such as accumulated know-how and social contribution based on the long term history were significantly affected to the succession in the small-to-medium sized family owned businesses, unlike general large sized listed companies. The results of this study are expected to be helpful practically for the succession of the family owned business and to suggest the guideline for the development of governmental policy.

• Journal of Digital Contents Society
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• v.19 no.5
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• pp.917-926
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• 2018

In recent years, it has been supporting sustainable growth to be a longevity company such as training, consulting, finding and rewarding excellent companies, and tax support for the smooth family business succession of family businesses. The smooth family business succession of these companies has positive effects such as maintaining and improving technological competitiveness, maintaining stable employment, creating long-term investment and new jobs. However, since the concept of the family dominant business is still unfamiliar in Korea, the research on the family dominant business is also insufficient. Now, as family dominant business have a very high share in the national economy, there is a need for research on family dominant business in Korea. Therefore, this study conducted an empirical research on succession process consulting satisfaction of family business centered on small business owners and analyzed the difference of it.