• 유통과학연구
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• 제13권2호
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• pp.15-24
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• 2015

Purpose - Foreign exchange risk control is in an important component in the international supply chain management. This study shows the importance of the reference period in forecasting future exchange rates with a specific illustration of KIKO currency option contracts, and suggests feasible preventive measures. Research design, data, and methodology - Using monthly Won-Dollar exchange rate data for January 1995~July 2007, I evaluate the statistical characteristics of the exchange rate for two sub-periods; 1) a shorter period after the East Asian financial crisis and 2) a longer period including the financial crisis. The key instrument of analysis is the basic normal distribution theory. Results - The difference in the reference period could lead to an unexpected development in contract implementation and a consequent financial loss. We may avoid foreign exchange loss by using derivatives such as forwards or currency options. Conclusions - We should consider not only level values but also the volatilities of financial variables in making a binding financial contract. Appropriate measures may differ depending on the specific supply chain pattern. We may extend the study with surveys on actual risk measures.

• 경영과정보연구
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• 제27권
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• pp.149-172
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• 2008

Since the 9/11 terror attack, the event which caused supply chain disruption, supply chain security has becomes more important than ever before. Furthermore, such company's logistics strategies conflicting supply chain security as increased global sourcing, JIT manufacturing are increasing supply chain vulnerability. It could burden for global companies to strengthen supply chain security because not only it requires additional investment cost but also changes of companiy's global logistics strategy. However, on the other hand, supply chain visibility and resilience can be improved through supply chain security. In addition, it allows companies to stabilize supply chain structure as well as rapid and flexible response to market demand. The key issue is balancing between efficiency and supply chain security. To do this, identifying risk elements under the supply chain and assessing vulnerability of each supply chain components should be performed before developing efficient supply chain security management system without obstructing supply chain efficiency.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.1002-1006
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• 2005

When we compare CM system with Design Bid Build system, we can see two striking features in CM system. First, CMr participates in construction team along with Owner, Designer and Constructor. The newcomer can change boundaries of function and responsibility. Second, Compatibility through each phase and Objectivity of decision-making become more important, because relation among stakeholders changes from a rectilinear to a network. However, it is not clear how the risk of completion is reasonably treated. So we have to think about the relations between Owner and CMr, CMr and Specialist Contractor from a point of trade risk. This paper covers them.

• 경영과정보연구
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• 제14권
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• pp.151-180
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• 2004

Owing to the digital revolution, Internet Commerce and Electronic commerce, revolutionize the way of doing business and making payment. The entrance of the Internet has a prominent for spread of Electronic Commerce and those phenomenons will result in paperless trading and cashless trade. By virtue of Internet, an increasing share of business transactions occurs online. Electronic payment is essential for the smooth progress of the electronic commerce as electronic payment plays the important role in the electronic commerce, that is, the value transfer restyling from the electronic commerce. Traditionally international settlement systems such as letters of credits, remittance and documentary collections operated as important and poplar method of payment, Now, information technology has made it possible to pay for the sale of goods and services over the internet. In international trade, there are service providers (bolero, TradeCard, BeXcom) to settle payment electronically through the Internet. The purpose of this study is to Conduct comparative analysis with approach manner functional respect systematic respect, role. It is shown which the Electronic payment system is better. In this study, the author attempts to find the problems is (bolero, TradeCard, BeXcom) and solutions in switching from the documentary payment system to the electronic one. This conclusion of this study can be summarized as followings. In resoect of the law, bolero should seek to prevert the users from being treated unfairly due to multilateral agreement on Rulebook. TradeCard, BeXcom do not have the proper law that users are governed. so far as the practice problems concerned, stability of computer's operation and security of message interchange should be warranted and improved continuously. Through the standardization of the electronic document and the development of software, the examination of the shipping occuments must be done automatically. Bolero should induce more banks to take part in Bolero, and make the carrier the cost and time in managing the traditional document which will be used for the time being. In respect of information technology and security, to deduce the risk in the electronic settlement system and positively uses the global authentication guideline(Identrus).

• 한국정보통신학회:학술대회논문집
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• 한국정보통신학회 2022년도 춘계학술대회
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• pp.627-628
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• 2022

디지털 무역은 관련 산업 및 거래의 종류가 다양하고 범위도 넓어서 국제적으로 통용되는 명문화된 정의는 없으나, 일반적으로 기존 상품 중심의 전자상거래를 포함, '인터넷과 ICT 등 디지털 기술을 이용한 국가간 교역 활동(상품+서비스+Data) 전반'을 의미한다. 최근에는 4차 산업혁명으로 인한 IT 등 기술의 발전으로 디지털 무역에 혁신적인 변화가 발생하고 있고, 미국, EU, 일본 등 선진국들은 데이터 이동 자유화 등 디지털 무역 이슈를 디지털무역협정의 협상안건에 포함시키고 있다. 국경 간 데이터 이동 자유화에 대한 쟁점은 디지털 무역 활성화를 위해 데이터 이동의 자유가 필요하나, 정보 보안과 사생활 침해의 위험성도 증가한다는 것이다. 선진국들의 방향을 살펴보면, 미국은 규제 최소화, 유럽은 역내 단일시장화는 찬성하나 소극적 대외 개방, 중국은 규제를 통한 독자적 시장육성 입장을 치하고 있다. 따라서 국경간 데이터 이동 제한조치 강화 조치는 최근 국가별로 정책이 시행되고 있거나 조만간 국제적 합의가 예정되어 있는 이슈로 우리나라도 이에 대한 긴밀한 대응이 필요하다.

• 문화기술의 융합
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• 제9권2호
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• pp.285-294
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• 2023

미국과 중국의 무역분쟁은 코로나 전부터 시작하고 범유행(pandemic) 속에 새로운 변화를 가져와 이때 완화되고 있는데 중국 제조업 산업 발전으로 미중 무역 간 상호의존도가 높아졌다. 하지만 글로벌 전체 무역량이 팬더믹 전보다 적다. 코로나19 팬더믹 이후 미국과 중국 공급망의 변화에 대한 분석한 다음에 그 상황에 대한 한국의 대응 방안에 대한 구체적으로 제시하고자 한다. 하지만, 요즘 새로운 변화가 다시 일어나고 있다. 2022년 하반기에 중국 상하이에서 코로나19가 발생하면서 중국 산업사슬에 새로운 변화가 일어날 것으로 보인다. 중국 정부가 코로나19 방역수치를 엄격하게 작성하면서 업계 중 상당수 공장과 기업들이 당분간 문을 닫을 수밖에 없는 상황이지만 2023년에 현재 전 세계적으로 나라들이 코로나 상황이 좋아지고 있다. 그 변화하는 상황 속에서 중국은 핵심 과학기술의 연구개발 역도를 강화하고, 국제와 국내의 이중 사이클을 통해 혁신 생태계의 활력을 북돋아 글로벌 공급사슬의 상류로 이동시켜야 한다. 이럴 때 한국은 미국과 좋은 무역동반자 관계를 최대한 유지하면서 공급망에서 장점을 발휘하여 자신의 위치가 확고해야 한다.

• 한국항해항만학회:학술대회논문집
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• 한국항해항만학회 2004년도 추계학술대회
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• pp.343-348
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• 2004

신세계는 테러리스트에 의한 세계무역센터의 공격으로 인해 테러로부터의 안전과 보호를 강화하기 위해 초점이 맞추어져 있다. 본 연구는 해상테러 위험요소의 구조와 우선순위를 분석하고자 한다. 이를 위해 먼저 테러의 유형과 사례를 토대로 브레인스토밍법을 이용하여 해상테러 위험요소를 추출하였고, 퍼지구조모델법을 이용하여 위험요소를 그래프로 구조화 하였으며, 계층분석법을 이용하여 위험요소간의 우선순위를 분석하였다. 그 결과 외부영향이 가장 큰 것으로 나타났다.

• Asian Journal of Business Environment
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• 제10권1호
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• pp.19-28
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• 2020

Purpose: This research aims to investigate the impact of corporate integrity on stock price crash risk. Research design, data, and methodology: Taking 1419 firms listed in Shenzhen Stock Exchange in China as a sample, this paper empirically analyzed the relationship between corporate integrity and stock price crash risk. The main integrity data was hand-collected from Shenzhen Stock Exchange Website. Other financial data was collected from CSMAR Database. Results: Findings show that corporate integrity can significantly decrease stock price crash risk. After changing the selection of samples, model estimation methods and the proxy variable of stock price crash risk, the conclusion is still valid. Further research shows that the relationship between corporate integrity and stock price crash risk is only found in firms with weak internal control and firms in poor legal system areas. Conclusions: Results of the study suggest that corporate integrity has a significant influence on behaviors of managers. Business ethics reduces the likelihood of managers to overstate financial performance and hide bad news, which leads to the low likelihood of future stock price crashes. Meanwhile, corporate integrity can supplement internal control and legal system in decreasing stock price crash risks.

• 한국항해항만학회지
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• 제29권6호
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• pp.487-493
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• 2005

전 세계는 테러리스트에 의한 세계무역센터의 공격으로 인해 테러로부터의 안전과 보호를 강화하기 위해 초점이 맞추어져 있다. 본 연구는 해상테러 위험요소의 구조와 우선순위를 분석하고자 한다. 이를 위해 먼저 테러의 유형과 사례를 토대로 브레인스토밍법을 이용하여 해상테러 위험요소를 추출하였고, 퍼지구조모델법을 이용하여 위험요소를 그래프로 구조화 하였으며, 계층분석법을 이용하여 위험요소간의 우선순위를 분석하였다. 그 결과 외부영향이 가장 큰 위험요소인 것으로 나타났다.

• The Journal of Asian Finance, Economics and Business
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• 제6권2호
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• pp.15-24
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• 2019

This study analyzes the effect of the capital structure of Korean manufacturing firms on default risk based on Moody's KMV option pricing model where the probability of default is obtained by measuring the distance to default as a covariant in logit model developed by Merton (1974). Based on the panel data of manufacturing firms, this study achieves its primary objective, using a fixed effect regression model and examines the effect of a firm's capital structure on default risk amongst publicly listed firms on Korea exchange during 2005-2016. Empirical results obtained suggest that the rise in short-term debt to assets leads to increase the risk of default whereas the increase in long-term debt to assets leads to decrease the default risk. The benefits of short-term debt financing over a short-term period fade out in the presence of information asymmetry. However, long-term debt financing overcomes the information asymmetry and enjoys the paybacks of tax advantage associated with long-term debt. Additionally, size, tangibility and interest coverage ratio are also the important determinants of default risk. Findings support the trade-off theory of capital structure and recommend the optimal use of long-term debt in a firm's capital structure.