• Management & Information Systems Review
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• v.35 no.1
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• pp.143-154
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• 2016

In this research, The new CEO is expected to increase a reporting income through earning management for individual benefit such as a good reputation, high compensation and CEO' s contract extension in the early years of service, of which may influence value relevance of the accounting numbers. We investigate the change of value relevance from 2004 to 2014, compare firms with a change of CEO and firms with non-change of CEO and analysis the value relevance in the early years and in the late years of the new CEO. The results of research are as follows. First, value relevance of EPS of firms with change of CEO are decreased, whereas value relevance of BPS are increased in the regression of all sample. Second, value relevance of EPS are decreased, whereas value relevance of BPS are increased in the early years of the new CEO. This research makes a contribution to provide the first proof about influence of value relevance by the earning management in the early years of the new CEO in Korea.

• The Journal of the Korea Contents Association
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• v.19 no.4
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• pp.394-402
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• 2019

This study examines the effect of managerial ownership on the value of firms' cash holdings. According to the management entrenchment hypothesis, managers have incentives to make decisions that can undermine shareholders' value for their own private interests. In this situation, as the managerial ownership increases, investors may evaluate that the cash held by the company may be utilized inefficiently and the value of the cash holdings may decrease. On the other hand, based on the incentive alignment hypothesis, the value of cash holdings may increase as investors perceive cash holdings to be effectively used to increase corporate value as managers' interests are in agreement with shareholders. Empirical results show that the value of cash holdings decreased as managerial ownership increased. This study finds a contribution in that it presents empirical evidence on whether the cash held by the company is differentially evaluated according to the level of the managerial ownership.

• Journal of The Geomorphological Association of Korea
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• v.19 no.4
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• pp.97-108
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• 2012

There exist plenty of geomorphological resources in Haean Basin, Yonghwasan Mt., and Gandong Basin in Eastern DMZ area in Gangwon Province which can be used as geotourism resources. Meticulous strategies are necessary to improve the geotourism bases in such a mountainous region. Potential geosites including Yongneup and Simjeog wetlands are nearby, so it is necessary to include these geosites when planning geotourism courses. The values of these sites coinciding with the goal of geopark are as follows: this region shows contrasting landforms derived from distinctive rocks such as gneiss and biotite granite, and there are many landforms derived from differential weathering of granite too. They can be used to explain the developmental history of numerous basin structures in entire Korean peninsula.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.5
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• pp.453-464
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• 2021

The purpose of this study is to analyze the effects of geographic and Feng Shui characteristics of Gwanggyo New City on residential satisfaction and whether residential value has a significant medium effect. It is meaningful to present theoretical, institutional, and practical implications of this research as basic data. According to the results of our analysis of questionnaires completed by residents of Gwanggyo New City, geographic and Feng Shui characteristics showed a significant positive effect on residential value and satisfaction and a significant mediating effect on residential value. Rather than professional Feng Shui factors, general geographical factors have a relatively larger influence on residential value and residential satisfaction, identified as a more significant factor for ordinary residents. Study findings are valuable as basic data in order to suggest institutional and practical implications for policy design to develop cities and improve residential satisfaction.

• Korean Journal of Social Welfare
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• v.61 no.2
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• pp.161-187
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• 2009

Disability Discrimination Act(DDA) is generally recognized as the institutional frame to realize social model of disability. However social model is not automatically realized via the enactment of DDA. The realization of social model is influenced by various factors among which the definition of disability in DDA is very important factor. Paradoxically definitions of disability based on social model may push DDA into contradictory situation. This is caused by the fact that on the one hand definitions of based on social model exclude impairment and on the other hand they mixes characteristics and treatment. Because of these, when definitions of disability based on social model is reflected into definitions of disability in DDA, they may not be helpful to realize social model against original intention of advocates of the model. We can consider two approaches to resolve this paradox; one is to partially reform current definition of disability in DDA, the other is to totally amend current definition of disability. The former may pragmatic and worth to pursue but it cannot solve fundamental problems and may cause some new problems. The most consistent resolution with social model is to amend current definitions of disability into radically new one which excludes substantial limits and definition of disabled person from definition of disability. This new definition may called characteristics based definition or impairment based definition. Some people may think this new definition as one based on medical model but it is not. What we need is not to carve definition of disability based on social model into DDA but to make institutional frame for DDA to operate without contradictions and to develop social model of both impairment and disability. This model which does not exclude impairment could takes part in realization of the social model disability.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.35 no.3B
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• pp.536-550
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• 2010

This study analyzes the characteristics of broadcasting law and telecommunication law and suggested the key legitimate of regulation where convergence law would go for in the convergence circumstances by drawing the common and differential characteristics of two laws. Moreover, in the value of inherent pursuit of broadcasting law and telecommunication law, this paper examined whether these values continued to be reflected in the convergence law, and indicated the direction how these values should adopt in the convergence law. The result of this study shows that strong entry regulation has applied to both broadcasting and telecommunications industry. Also, both industries have been required to be universal service to realize the value. Meanwhile, the pursuit of original value of broadcasting law and telecommunication law can be summarized as secure of access and diversity, respectively. In the convergence law, it is necessary to compensate and modify the meaning of access and diversity based on traditional regulation.

• Journal of the Economic Geographical Society of Korea
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• v.23 no.3
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• pp.349-368
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• 2020

The aim of this study is to examine the relationship between the characteristics of Korean petroleum and petrochemical industries and the change of participation in global value chains. Since 1960s, Korean petroleum and petrochemical industries have been developed under government's industrial policies. In 1980s Korean petroleum and petrochemical industries served as a key export-oriented industry) of Korea's national economic development. Based on the expansion of large-scale production facilities led by the private sectors from the end of 1980s, Korea became as a major country in the global petroleum and petrochemical industries. Under Korean domestic scale, it shows considerable spatial concentration, in Ulsan Metropolitan City, Yeosu City and Seosan City. However, the degree of spatial concentration is differentiated along the each sectors within the petroleum and petrochemical industry. To improve regional industry competitiveness, each region has adopted different strategies and shifted to structural upgrading and producting high value-added products. Changes in the structure within petroleum and the petrochemical industries at the national level caused a change in the structure of Korea's participation in GVC, but the domestic value-added is lower than that of its major competitors.

• (The) Research of the performance art and culture
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• no.42
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• pp.5-22
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• 2021

This work shows the possibility of expansion of existing interpretations through anxiety. They were continuing their previous misbehavior in the name of science. Such a phenomenon is due to the selection of their desires. So they were appearing in violent forms. Audiences who see the scene will be able to choose the opposite realization or action. It can shake the audience mentally. Therefore, this performance represents the anxiety of this period and motivates the audience to take a new action.

• The Journal of the Korea Contents Association
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• v.7 no.8
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• pp.174-181
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• 2007

As part of city marketing, many local governments are recently developing or have already developed a slogan for their own city brand. This study aims to provide basic source materials for an efficient and more systematic way in current development of the slogan for a city brand. Therefore, this study compared and analyzed the cases for developing the slogan for a city brand in Korea and in other nations, presenting some feasible solutions. As for the characteristics of the slogans for city brands in Korea, they were all campaign-type slogans with a single-component structure that includes the city's name. They mostly used values as their subject material. The basic requirements for producing a successful city-brand slogan include the emphasis on the quality of being unique and differentiated. A city-brand slogan must incorporate the kind of natural environment, the culture, the history, etc that are unique to the region in order to become a creative and unique slogan. Rather than being swayed by short-term trends, a city-brand slogan must have a long term vision and strategy as well as a clear and accurate setup. Also, a city-brand slogan will proliferate and create values as a brand when shared communications with all local residents continue to occur after developing the slogan.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.22 no.1
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• pp.39-51
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• 2023

This study uses the hedonic price approach to estimate the economic value of a parking lot in an apartment building. In this study, a logarithmic function was applied to estimate the price elasticity of parking spaces. Variables were composed of an independent variable (apartment house characteristics) and a dummy variable (external characteristics). Detailed variables include exclusive area, number of floors, waterproofing, number of bathrooms, and number of parking spaces per household. Based on the results of the analysis for the entire year, the increase in the number of parking spaces affects a price increase of approximately 25.97 million won to 59.68 million won, which can be interpreted as the economic value of the parking space. However, since Hanam City was specified in this study, there is a limit to generalizing the current results and using them for project evaluation.