• Journal of Korea Trade
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• 제27권1호
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• pp.79-100
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• 2023

Purpose - The purpose of this study is to analyze the market power of the Korea Container Shipping Market (Intra Asia, Korea-Europe, and Korea-U.S.) to verify the existence of collusion empirically, and to answer whether the joint actions of liner market participants in Korea have formed market dominance for each route. Precisely, it will be verified through the Lerner index as to whether the regional market of Asia is a monopoly, oligopoly, or perfect competition. Design/methodology - This study used a Lerner index adjusted with elasticity presented in the New Imperial Organization (NEIO) studies. NEIO refers to a series of empirical studies that estimate parameters to judge market power from industrial data. This study uses B-L empirical models by Bresnahan (1982) and Lau (1982). In addition, NEIO research data statistically contain self-regression and stability problems as price and time series data. A dynamic model following Steen and Salvanes' Error Correction Model was used to solve this problem. Findings - The empirical results are as follows. First, λ, representing market power, is nearly zero in all three markets. Second, the Korean shipping market shows low demand elasticity on average. Nevertheless, the markup is low, a characteristic that is difficult to see in other industries. Third, the Korean shipping market generally remains close to perfect competition from 2014 to 2022, but extreme market power appears in a specific period, such as COVID-19. Fourth, there was no market power in the Intra Asia market from 2008 to 2014. Originality/value - Doubts about perfect competition in the liner market continued, but there were few empirical cases. This paper confirmed that the Korea liner market is a perfect competition market. This paper is the first to implement dynamics using ECM and recursive regression to demonstrate market power in the Korean liner market by dividing the shipping market into Deep Sea and Intra Asia separately. It is also the first to prove the most controversial problems in the current shipping industry numerically and academically.

• 유통과학연구
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• 제17권4호
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• pp.33-39
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• 2019

Purpose - This paper examines whether product market competition in distribution and service industries is related to audit quality. This paper investigates, specifically, the relationship in distribution and service industries by using Herfindahl-Hirschman Index and audit quality measured by audit fee and audit hour. Research design, data, and methodology - Using 1,011 firm-year observations of listed companies from 2002 to 2016 in distribution and service industries, this study examines whether product market competition in distribution and service industries is related to audit quality. Results - This study finds that market competition in distribution and service industries is negatively related to audit quality and this negative relation is pronounced for the firms with high outside director groups. Further analysis suggests that the relationship between market competition and audit hours is no longer significant. Conclusions - This study extended the existing scope of the audit quality study by systematically analyzing the impact of industrial-level characteristics (i.e. market competition) in the distribution service industries on audit quality. This study, in other words, suggests the regulatory body consider the industrial-level characteristics of each industry in order to enhance audit quality.

• 무역학회지
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• 제46권2호
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• pp.141-160
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• 2021

The scale of global FDI has been decreasing since 2016 due to the ongoing US-China trade dispute, the strengthening of FDI inflow screening regulations with concern over strategic technology leaks, and the spread of reshoring trends due to the reinforcement of national preferences. Eventually, the competition to attract FDI between countries is expected to become more intense. Therefore, in order to attract high-quality FDI for Korea that will contribute to the development of the national economy, it is pressing to evaluate and improve the domestic FDI attraction environment. This study aims to analyze which areas of Korea's economic and non-economic environments need improvement for gaining advantage amid the fierce competition to attract FDI between countries, by the relative comparison between Korea and the U.S., and based on the ranking indicated in key FDI attractiveness indices. As a result, improvement is needed in the following areas. First, according to IMD's "World Competitiveness Ranking 2020," Korea was inferior to the US in terms of business efficiency, productivity, finance and business legislation in terms of government efficiency. Second, according to INSEAD's "Global Talent Competitiveness Index 2020," Korea was inferior to the US in terms of internal openness, external openness, employability, lifelong learning, access to growth opportunity, and business and labor landscapes. Third, according to WEF's "Global Competitiveness Index 2019", Korea was inferior to the US in terms of product market, labor market, business dynamism and workforce skills.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.649-656
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• 2021

This paper aims to examine the moderating role of bank competition on the effect of liquidity creation on bank capital. We measure bank competition using the Lerner index approach, liquidity creation using the Catfat approach, and bank capital using the capital to total asset ratio approach. This test also considers control variables from bank-specific factors such as Return on Assets, Loan to Deposit Ratio, and Non-Performance Loans as well as macroeconomic factors such as Gross Domestic Product, inflation, and Bank Indonesia interest rates. The sampling technique used was purposive sampling. The data sample obtained was 96 banks from a population of 114 banks in Indonesia which consistently operated during the period 2008-2018. Hypothesis testing uses panel data regression analysis techniques through the first model of the Hayes method. The results show that the negative effect of liquidity creation on bank capital depends on competition. We found that bank competition at any level (low, medium, high) negatively moderates (weakens) the effect of liquidity creation on bank capital in all banks. This finding is consistent with the view that banks may strengthen their capital in response to bank competition which may decrease the level of bank liquidity creation.

• 한국산학기술학회논문지
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• 제20권4호
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• pp.401-408
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• 2019

본 연구는 의원, 치과의원과 한의원에 대한 시군구 지역의 산업집중도 분석을 목표로 하였다. 이를 위해서 1996년도부터 2015년까지 5년 단위의 매출액을 허핀달-허쉬만 지수(HHI)로 분석하였다. 본 연구에서 도출한 결과는 HHI로 대표되는 경쟁지수에 대해서 전 지역에서 경쟁이 심화하는 경향을 보였다. 특히 군 지역은 HHI가 다른 지역에 비교해서 상대적으로 높으나 통계적으로 유의미하게 값이 줄어드는 경향을 보였다. 시군구에 있어서 평균적으로 군 지역이 구 지역과 시 지역과 비교하면 HHI가 높으며 의원의 경우 군 지역의 HHI가 지수가 높기는 하지만 감소 경향을 보였다. 치과의원의 경우에는 시지역 및 군 지역에서는 HHI가 감소 경향을 보였으며 한의원의 경우에는 구 지역, 시 지역 그리고 군 지역 모두에서 HHI가 감소 경향을 보였다. 전반적으로 의원급 기관에서 농어촌 지역이 독점적인 시장형태를 보였으며 시간이 지남에 따라서 경쟁이 증가하고 있음을 보여주었다. 의원의 경우에는 농어촌 지역 의원의 경쟁이 심화하고 있음을 나타내고 있으며 치과의원의 경우에는 도시 및 농어촌 지역에서의 경쟁은 아직 포화상태에 이르지 않음을 보여주었고 한의원의 경우에는 모든 지역에서 경쟁이 아직 포화하지 않은 시장이며 대도시 시장의 경쟁이 가장 심함을 보여주었다.

• 한국토양비료학회지
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• 제13권1호
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• pp.33-38
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• 1980

포장조건하(圃場條件下)에서 인삼개체간의 근생육경합(根生育競合)을 유형별(類型別)로 분류(分類)하고 경합정도(競合程度)를 단순상관으로 검정하였다. 경합유형(競合類型)은 행간(行間), 열간(列間) 및 대각간으로 나눌 수 있고 각유형별(各類型別) 경합요인(競合要因)은 광(光), 양수분(養水分) 및 양자로 볼 수 있다. 경합(競合)의 정도(程度)는 행간(行間)이 가장 크며 열간(列間)과 대각간은 경우(境遇)에 따라 다르다. 후행(後行) 에서는 대각간 경합(競合)이 가장 컸다. 개체경합은 4년근(年根)에서 뚜렷해지는 것 같다. 이상의 결과와 엽면적지수가 4년근(年根)에서 부터 1 이상(以上)인 것으로 보아 광경합(光競合)이 개체생육을 결정(決定)하는 주요인(主要因)으로 광경합(光競合)의 감소(減少)또는 제거(除去)에 충분(充分)한 일복내광량증대가 수량(收量) 증대의 방법으로 보였다.

• 대한안전경영과학회:학술대회논문집
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• 대한안전경영과학회 2004년도 추계학술대회
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• pp.253-258
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• 2004

Domestic construction industry (including plant engineering industry) faces severe competition with world-wide leading companies under WTO (World Trade Organization) system. To survive in this competition, domestic construction company should establish and operate standardization system efficiently. In this paper, check list is presented to prepare the efficient reliability management system in domestic construction. And then, the check list is applied in MIR(Maturity Index on Reliability) estimation item to estimate reliability management level of company quantitatively.

• 유통과학연구
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• 제20권8호
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• pp.1-8
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• 2022

Purpose: Research on attracting foreign direct investment (FDI) plays an important role in helping provinces attract more FDI projects. However, with local competition, FDI enterprises also have to consider their investment. This study evaluates the provincial competitiveness to attract FDI in Thai Nguyen province, a province of Vietnam. In which provincial distribution of competitiveness is measured through nine indicators. Research design, data, and methodology: The study collects data (FDI and the provincial competitiveness index) from 2006 to 2020. The study uses Autoregressive Distributed Lag (ARDL) to text the impact of distribution of competitivenes on foreign direct investment. With time-series, the ARDL is suitable for data analysis. Results: The regression results indicate that the competition index of market entry and informal costs negatively impact attracting FDI into the province; The human resource training quality index has a positive effect on FDI. The results show that FDI enterprises pay much attention to business establishment procedures, hidden costs, and quality of human resources in the province. Conclusions: At the same time, in terms of practice, the results of this study, the authors also offer solutions to help improve the ability to attract FDI into Thai Nguyen province. The significant provincial competitiveness indicators should be taken into account for improvement first.

• Journal of the Korean Data and Information Science Society
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• 제22권4호
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• pp.765-773
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• 2011

오늘날 국내의 많은 대학은 글로벌 교육시장이 발달하고 입학 지원자수가 감소하게 됨에 따라 대학 간 경쟁이 심화되고 특히 지방대학에서는 입학충원률을 높이고 중도탈락률을 감소시키기 위하여 치열하게 경쟁하고 있다. 이러한 경쟁에서 살아남기 위해서 다양한 노력을 기울이고 있는바, 대학 교육서비스 품질 향상이 일차적이고 우선적인 문제라고 할 수 있다. 이에 본 연구에서는 고등교육분야의 특정한 상황에 맞는 대학 교육서비스 품질 측정도구를 개발하고, 이를 통하여 대학 교육서비스 품질을 결정하는 요인을 도출해 보았으며, 전반적 만족도나 구전효과에 대해 통계적으로 유의한 요인이 무엇인지 규명해 보았다. 나아가 29개의 품질속성에 대해 중요도-만족도 변환지수를 이용하여 해석한 결과, 교수요인, 신뢰요인, 유형요인에 대해서는 매우 긍정적인 평가인 반면 직원요인에 대해서는 비교적 덜 긍정적으로 평가되었다.

• 디지털융복합연구
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• 제13권10호
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• pp.405-413
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• 2015

본 연구는 지방의료원의 경쟁 수준의 정도를 측정하여 재무성과와의 관련성 분석 후 효과적인 경영전략을 수립할 수 있는 기초자료를 제공하는데 있다. 조사기간은 지방의료원의 HHI(허핀달-허쉬만)지수와 경영성과를 알 수 있는 2010년부터 2012년까지 3년간을 평가기준으로 하였으며, 총 31개의 의료원을 조사대상으로 선정하였다. 결론을 보면, 집중시장일수록 재무성과가 높은 것으로 나타났으며, 지역 내 경쟁정도와 재무지표 간의 유의한 상관관계가 나타났다. 지방의료원은 지역 내 경쟁력과 공공성을 확보하기 위한 정책수립과 실행을 위해서는 지역 의료시장의 경쟁정도와 그에 따른 추이를 파악이 요구된다. 지방의료원이 타 의료기관관의 경쟁력의 우위를 선점하기 위해서는 의료서비스 제공의 향상과 자본 투자 등의 선별적인 전략이 고려되어야 할 것이다.