• Management & Information Systems Review
• /
• v.28 no.1
• /
• pp.71-97
• /
• 2009

In this study, I compare the ability of alternative accounting method for employee stock option to reflect firm value using the Ohlson's(1995) valuation model for 200 firms. The each methods, I compare are employee stock option expense recognition based on the K-GAAP disclosures, and asset recognition at the grant date based on the SFAS No. 123 Exposure Draft: Accounting for stock-based compensation. The model include: (1) a model that uses reported earnings, equity book value, and compensation expense based on the K-GAAP disclosures; (2) a model that uses pro-forma earnings, equity book value and adds a measure of the unrecognized asset arising form granting of employee stock options. Finding form estimating equations that the K-GAAP method for calculating compensation has no explanatory power, and the SFAS No.123 Draft Exposure method for arising asset and fair value compensation better captures than market's perception of the economic impact of stock options on firm values. However, the correlation of employee stock option compensation expense is positive. These results suggest that incentive benefits derived from employee stock option plans outweigh the cost associated with plan. In addition, I couldn't find evidence that company in KOSDAQ that have high growth potential benefit more from employee stock option plan compared to lager, more mature firm in SEC.

• Management & Information Systems Review
• /
• v.32 no.2
• /
• pp.59-81
• /
• 2013

Nowadays, social responsibility activities's influence on company's production activity is expanding and corporate social responsibility as sustainability is mandatory. Unlike the past that few companies did social responsibility activity, it is hard to find differences in present that lots of companies are doing social responsibility activity. This research divides social group and corporate group according to the consumer's recognition about company's social responsibility activity and affect-relation of consumer's recognition is confirmed based on the level of authenticity when company does social responsibility activity. As a result, this research states that company's social responsibility activity will make conclusive responsibility on increasing consumer's trust on the company by letting consumers recognize that company's social responsibility activity whiling achieving its seeking goal is not for company's profit, but is sincere action toward social, which means it is the responsibility activity including authenticity.

• Management & Information Systems Review
• /
• v.33 no.1
• /
• pp.119-138
• /
• 2014

Since the mid-1980s, the role of Corporate Social Responsibility(CSR) has become a hot issue in business world due to increasing comparative importance of firms in current society. The purposes of this research are to analyze empirically the relationship between workplace spirituality and organizational citizenship behavior, also to analyze the moderating effects of Leader-Member Exchange(LMX) on the relationship between workplace spirituality and organizational citizenship behavior in the social enterprises. For these purposes, literature review and survey research were conducted. The suggested hypothetical relationships were tested with primary data from a sample 552 employees of social enterprises. The main findings of this study are as follow ; First, inner life and sense of community which are composed workplace spirituality have positive influence sportsmanship and courtesy. second, sense of community have differential influence on organizational citizenship behavior by LMX. In conclusion, inner life and sense of community are expected to improve sportsmanship and courtesy, important of LMX in the social enterprises.

• 한국지구과학회:학술대회논문집
• /
• 2010.04a
• /
• pp.110-110
• /
• 2010

2009년 7월 23일-24일 양일간의 APEC MTF 컨퍼런스는 APEC 회원 경제가 아시아-태평양지역에서 광업부문의 지속가능한 발전의 주제를 토의할 기회를 제공했다. 본 컨퍼런스는 APEC의 광업부문의 지속가능한 발전이라는 프로젝트의 중요 부분이며 컨퍼런스의 활발한 참여는 프로젝트의 성공을 증진시켰다. 지속가능한 발전에 대한 안건이 수년간 APEC의 핵심부분이었으며, 특히 광업장관(MRM)회의에 상정되어 왔다. 2004년 6월 칠레 안토파가스타의 제1차 회의에서, 광업장관들은 APEC 지역에서 광업 및 금속산업의 지속가능한 발전은 부를 창출하고, 환경사업을 창출하며, 사회적으로 책임있는 발전을 도모하며 사회를 위한 향상된 가치를 만들어낸다는데 동의했다. 초기의 action item들 중에서 지속가능한 발전에 있어서 광물 및 금속의 기여를 규명하는 것도 있었다. 광업에 있어서 지속가능한 발전에 대한 안건의 토의는 2005년 10월 한국의 경주 제2차 APEC MRM 회의에서 속계되었다. 관련된 action task는 채광 후 토지운영 뿐만 아니라 에너지 효율기술, 광업 오염 통제 기술과 같은 환경친화적인 채광기술에 대한 정보교환 및 협조를 독려하는 것이었다. 2007년 호주 퍼스의 제3차 회의에서 APEC MRM 회의는 특히 지구화의 시대에 APEC 지역 광물자원의 지속가능한 발전에 대한 긴밀한 지역적 협조에 대한 필요성을 인지하고 있다. 장관들은 역시 광업부문에서 지속가능한 발전에 대한 APEC 위상을 정립하기 위한 작업을 주도하기로 했으며 APEC 경제의 공통관심사를 UNCSD에 반영키 위한 자료제공을 하기로 결정했다. APEC 광업분야의 지속 가능한 개발에 관한 APEC MTF회의는 호주, 캐나다, 칠레, 중국, 인도네시아, 일본, 말레이시아, 파푸아 뉴기니, 페루, 필리핀, 한국, 러시아, 싱가포르, 타이완, 태국, 미국, 베트남에서 자신들의 지속 가능한 개발을 위한 활동에 관한 발표나 의견을 제시하였다. 세계 은행이나 AIM에서도 발표를 하였다. 중요한 소주제들은 다음과 같다. $\cdot$ APEC MTF가 APEC 광업분야의 지속 가능한 발전을 추구하는데 있어 적절한 포럼이라는 것 $\cdot$ 기업들이 사회적 책임(CSR)을 성실히 이행할 필요가 있다는 것 $\cdot$ 수자원과 인적자원의 부족을 다룰 필요가 있다는 것 $\cdot$ 적절한 광산 복구가 필요하다는 것이다. 한국은 "광업분야의 지속가능한 발전을 위한 환경과 광업간의 균형"이라는 프로젝트 아이디어를 제안했다. 인도네시아와 말레이시아는 한국측 프로젝트 수행의 중요성을 강조했다. 러시아 연방은 "광업에 있어 투자 활성화"라는 프로젝트 아이디어를 제안했다. 이 관점에서 MTF는 APEC 투자전문가 그룹과의 협력을 지지했으며 이 포럼간 활동을 활성화시키기 위하여 APEC 사무국에 요청했다. 이 프로젝트는 세계 광업분야의 투자를 증진시키는 최적관행 분석에 따라 제안될 것이고 수행될 것이다. 말레이시아는 광업 및 광업 산업의 지속가능한 발전지시자를 위한 역량구축 프로젝트를 제안했다. 태국은 말레이시아의 제안을 지지했으며 공동프로젝트를 제안했다.

• International Commerce and Information Review
• /
• v.16 no.4
• /
• pp.409-437
• /
• 2014

The purpose of this study is to present the specific ways of successful localization by analyzing the success and failures case for localization within the framework of the strategic models through a theoretical background and strategic models of localization. The strategic models of localization are divided by management aspects such as the localization of product and sourcing, the localization of human resources, the localization of marketing, the localization of R&D, harmony with a local community and delegation of authority between headquarters and local subsidiaries. The results, by comparing and analyzing the success and failures case for localization of individual companies operating in India, indicate that in terms of localization of product and sourcing, there are successful companies which procure a components locally and produce a suitable model which local consumers prefer and the failed companies which can not meet local consumers' needs. In case of localization of human resources, most companies recognize the importance of this portion and make use of superior human resource aggressively through a related education. In case of localization of marketing, It is found that the successful companies perform pre-market research & management and build a effective marketing skills & after service network and select local business partner which has a technical skills and carry out a business activities, customer support, complaint handling with their own organization. In terms of localization of R&D, the successful major companies establish and operate R&D center to promote a suitable model for local customers. In part of harmony with a local community, it shows that companies which made a successful localization understand the cultural environment and contribute to the community through CSR. In aspect of delegation of authority between headquarters and local subsidiaries, it is found that most of Korean companies are very weak for this part. there is a tendency to be determined by the head office rather than local subsidiaries. Implication of this thesis is that Korean enterprises in India should carry forward localization of products and components, foster of local human resource who recognize management and system of company and take part in voluntary market strategy decision, wholly owned subsidiary, establishment and operation of R & D center, understanding of local culture and system, corporate social responsibility, autonomy in management.