전북대학교
JooWon Kim, SooYeon Kim, MinHwa Yoo
Abstract
This study analyzed the difference in sustainable growth rate and corporate value between special listed companies and general listed companies that passed the so-called Tesla listing requirements of KOSDAQ-listed companies from 2015 to 2020. In addition, the effect of sustainability growth on corporate value was analyzed for each of the two groups. As a result of the analysis, the sustainability growth rate and corporate value of specially listed companies after listing were higher than that of general listed companies. This shows that special listed companies, which were evaluated as having high future growth potential with excellent technology and obtained opportunities for listing, continue to maintain high growth potential even after listing. As a result of analyzing the effect of sustainability growth on corporate value, it was found that in the case of general listed companies, the sustainability growth rate had a significant negative effect on corporate value. On the other hand, in the case of specially listed companies, the sustainability growth rate variable was not significant, but it was found to show a positive coefficient value. In addition, it was found that the cash flow total asset ratio, sales growth rate, and R&D intensity variables had a positive effect on corporate value for general listed companies, but the signs of each variable were reversed. This empirically shows that even after listing, it shows different characteristics from general listed companies.
Keyword: Special listning System, Sustainable Growth Rate, Higgins Growth Rate Model, Tobin’s Q
Abstract
The Chinese franchise industry is growing rapidly. And Korean companies are increasing their presence. However, the risk of companies hoping to enter China still exists, and the failure rate is also increasing. This is due to the lack of research on factors such as chain headquarters and franchisees' conflict and transaction satisfaction to improve performance within the Chinese franchise system, and the chain headquarters' vision and influence to improve transaction satisfaction and confidence of franchisees. The purpose of this research is to examine the satisfaction of transactions between the chain headquarters and franchisees to maximize performance between the franchisees. It also looks at the vision of the chain headquarters, the relationship of transaction satisfaction, the vision of the chain headquarters and the relationship of influencing factors. As a result of this study, we found that the level of chain headquarters control, the degree of duty recognition of franchisees, and the efforts of franchisees all affect the vision of the chain headquarters. Second, we could see that the vision of the chain headquarters, the level of control of the chain headquarters, and the efforts of the franchisees to influence the satisfaction of the chain headquarters were all statistically significant. Finally, the relationship between the performance of the chain headquarters and the satisfaction of the chain headquarters transaction was also significant. Therefore, in order to maximize the performance of the franchise system in China, the level of chain headquarters control over the vision of the chain headquarters, the degree of mandatory recognition of franchisees, and the efforts of franchisees should be accompanied. It was also seen that transaction satisfaction levels should be raised through clear message delivery of the chain headquarters vision.
Keyword: Chain headquarters control, Characteristics of franchisees, Vision of franchise headquarters, Satisfaction with franchisees, Performance of franchisees
Abstract
Plastics and articles thereof (according to the classification of HS code, they are classified in chapter 39 products) is one of Korea’s most internationally competitive advantage products. Korea’s export of HS 39 was 31.6 billion dollars, accounting for 5.6% of the world’s HS 39 export in 2020. This paper deals with eight largest exporters of HS 39 in the world, where China is the largest HS 39-exporting country in terms of value, followed by the USA, Germany, Japan, the Netherlands, Italia, France, and Belgium. However, The proportion of HS 39, the main export item of Gwangyang Port, in the port is declining. In order to identify the cause of this decline, this study applies constant market share analysis and shift share analysis to major competitor countries and domestic competitive ports. In addition, by dynamically analyzing the relationship between the difference in export growth rates between Korea and eight major countries and the differences in export growth rates between the eight major countries and the world market, changes in competitiveness between countries over time are also revealed. An import-based constant market share model is additionally introduced to measure the effect of changes in market conditions in eight importing countries on Gwangyang port's HS 39 exports.
Keyword: constant market share model, shift share analysis, export competitiveness, Gwangyang port
Abstract
Despite a general understanding that CEO characteristics influence firm innovation, researchers from the upper echelon and leadership studies camps know little about the specifics of how CEO international experience influences firm innovation. In this study, we integrate these two fields to propose a new conceptual framework that explains how and when CEO international experience influences firm innovation, leading to a firm’s sustainable competitive advantage and survival. We propose that a CEO’s international experience shapes his or her values, cognition, and social capital, thereby influencing firm innovation. The strength of this effect is contingent on CEO personality. We further propose that both hubris and narcissism in a CEO negatively moderates the positive relationship between CEO international experience and firm innovation, but that CEO humility enhances the benefits of CEO international experience.
Keyword: CEO international experience; CEO personality; upper echelon; innovation; sustainable competitive advantage
Chenguang Hu, Kyung Hwan Yun
Abstract
This paper investigates the effect of e-service quality on online customers who actively participate in Internet shopping. Data were collected from 220 respondents and Pearson Correlation and Multiple Regression Analysis were conducted to analyze the data using Statistical Package for Social Science (SPSS). The results of this study show that the purchase process, responsiveness, and delivery are positively influence e-consumer intention of online shopping. Of these, the purchase process and delivery have the most influence, whereas the security/privacy factor indicates an insignificant relationship between those selected e-service quality dimensions and purchase intention. Findings of this study can provide online retailer with insight into improving the e-service quality to increase consumer intention to shop online. The implications and limitations of this study were discussed in detail.
Keyword: Purchase process, responsiveness, delivery, security, online shopping intention
Abstract
The current paper not only investigates the intermediating process of the association between job insecurity and innovative behavior, but also tries to find a factor which mitigates the negative influence of job insecurity. To do that, this study tried to identify the mediating effect of employee’s psychological safety, as well as the moderating influence of coaching leadership in the job insecurity-psychological safety link. This paper built hypotheses that job insecurity decreases the level of employee’s psychological safety, then the level of the employee’s psychological safety would influence his or her innovative behavior. In addition, coaching leadership would function as a buffering factor between the association between job insecurity and employee’s psychological safety. This paper found that job insecurity had a negative influence on employee’s psychological safety, and the employee’s psychological safety had a positive influence on innovative behavior. The coaching leadership mitigated the negative impact of job insecurity on psychological safety.
Keyword: Job Insecurity, Coaching Leadership, Psychological safety, Innovative Behaivor