• Journal of Distribution Science
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• v.18 no.2
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• pp.99-108
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• 2020

Purpose: This paper investigated the relationship between market competition and firm valuation error. Furthermore, Additional analyses were made according to the quality of financial reports and the listed market. Through the process we confirm to the impact of competition on the capital market. The purpose of this study is to analyze the impact of competition on valuation errors. The preceding studies did not provide a consistent results of the effects of competing functions on the capital market. One view is that the competition could mitigate the information asymmetry, and the other is that monopolistic lessens the manager's involvement in financial reporting. This study is intended to expand the prior study by analyzing the impact of competition on the capital market and on the valuation of investors. Research design, data, and methodology: The analysis was conducted on 12,031 samples over 11 years from 2008 to 2018 using data from market in Korea. Here the valuation error was measured by the research methodology of Rhodes-Kropf, Robinson and Viswanathan (2005), and competition measured by Herfindahl-Hirschman Index multiplied by (-1), and Concentration Ratio by (-1). Results: We confirm that the positive relationship between competition and the valuation error. In addition, we also found that the positive relation between competition and valuation error was in cases of low discretionary accruals and the KOSDAQ market. This means that the net function of competition does not mitigate valuation errors. Conclusions. This study has the following contributions when compared to prior research. First, the relevance between the level of competition and the valuation of the entity was confirmed. The study by Haw, Hu and Lee (2015) suggested that monopolistic industry of analysts' forecast is more accurate due to lower the variability in earnings. This study magnified it to confirm that monopolistic lessen information uncertainty in valuation. Second, the study on valuation errors was expanded. While the study on the effect of valuation errors on the capital market is generally relatively active, it is different that competition degree has analyzed the effect on valuation errors amid the lack of research on the effect on valuation errors.

• The Journal of the Korea Contents Association
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• v.18 no.3
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• pp.279-285
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• 2018

Recently, having many studies have reported that positive psychology in the workplace have a positive relation with performance, organizations have been trying to develop and main the positive psychology and emotion. The companies have started to support the systematic health promotion program which was considered the individual domains. Also, the company has emphasized the importance of leaders' health promotion behavior. Therefore, we have conducted the empirical analysis for the relationship between leaders' health promotion behavior perceived team performance. Additionally we have analyzed the moderating effect of team climate between leaders' health promotion behavior and perceived team performance. For this analysis, we have collected the 253 data from business people of IT manufacturing firm and did hierarchical regression analysis. As a result, wellness leadership showed the positive relations on perceived team performance. Team climate for the health promotion moderated between wellness leadership and perceived team performance. Finally. we have proposed the academic and practical implications in terms of business.

• Journal of Navigation and Port Research
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• v.36 no.6
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• pp.489-499
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• 2012

The purpose of this study is to examine the relation between communication and conflict in the ship organization and to analyze the affect of the conflict on the group cohesiveness and organizational effectiveness in the view of dysfunctional conflict that would play on the negative role to decrease the group cohesiveness and organizational effectiveness. The empirical survey showed that the intragroup and intergroup communications in the ship organization affect on the conflict of within and between groups, these conflicts decrease the group cohesiveness and organizational effectiveness, and that cohesiveness affect the organizational commitment and the job satisfaction of ship organization member significantly.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.12
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• pp.53-61
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• 2016

This paper investigates the moderating effect of firm size on the relationship between environmental uncertainty and logistics information systems fit and performance, and suggests logistics strategies that would help to achieve goals. Based on our empirical research results, the findings of this paper can be summarized as follows: First, firms with higher levels of harmony between environmental uncertainty and logistics information systems fit featured significantly better logistics performance than firms with lower levels of fit. Second, logistical performance can be maximized based on the firm size and the harmonization between environmental uncertainty and logistics information systems. The results of this study will assist firms align and focus on improving competitive strategies for logistics systems.

• The Journal of Engineering Research
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• v.6 no.1
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• pp.65-74
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• 2004

This study concentrates on a new idea that is formulated as a creative spatialization in contemporary architecture. Suggested from the classical baroque, this study tries to open the actual sense area of 'the baroque' by analysing the architectural ideas of wrenching and folding by Frank O. Gehry. The redefined 'new baroque' operates in the chain of the transformable and flexible images that must be recognized as 'the real' in the sense of 'the most empirical' and are vulnerable to dispersal. The typical instrument of Gehry's 'new baroque architecture' is the enclosing of the space and its folding. This idea meet the theoretical gravitation field of the philosophy of Deleuze, in which the reconstituted baroque conception means the tension between the folds, on expansion and contraction of which the variable space is dependent. Through the general principle of 'the new baroque', a free dispersal of power, to architect is offered the possibility, to make the real world intimate to the real life and to produce from there a vivid new space, and to enjoyer and viewer the possibility, to perceive the operating power in and around oneself.

• Korean Business Review
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• v.19 no.1
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• pp.175-191
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• 2006

The purpose of this study is to findout the effect of using of the hotel information system(HIS) on the hotel service quality. To show how important the using level of the information system in the hotel, we surveyed some domestic and overseas deluxe hotels. For an empirical analysis, Authors have collected 574 questionaires from 4 countries during Feburary to August, 2003. Factor Analysis and Regression Analysis were applied in this research. The results are as follows: There are a close relation between using level of the hotel information systems and service quality. Authors insists that to maximize service quality efficiency in the hotel, a balanced using level of the information system should be made in the following fields: front-office operating system(FOS), back-office operating system(BOS), outlet operating system(OOS) and interface operating system(IOS).

• Proceedings of the Korean Society of Propulsion Engineers Conference
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• 2006.11a
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• pp.223-227
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• 2006

In this study, the combustion characteristics was studied with various oxidizer in hybrid propulsion system. In this experiments $GN_2O$ and GOX were used as oxidizer, and PE was used as fuel. The combustion behavior was explained by flame temperature with mass O/F ratio, and the use of $GN_2O$ as the oxidizer caused a increase in combustion efficiency with GOX in the same hybrid motor. The mass flow rate of gaseous oxidizer was controlled by the several chocked orifices that have different diameter, and the oxidizer supply range was $0.0138{\sim}0.0427kg/sec$. As result, the empirical relation for oxidizer type was represented by mass flux of solid fuel, it was obtained with mass transfer number, and mass flux of oxidizer.

• Journal of Digital Convergence
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• v.15 no.10
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• pp.103-111
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• 2017

This study was performed with a view to examine the nature and difference of EFA(Exploratory Factor Analysis) and CFA(Confirmatory Factor Analysis), and to compare the analysis process and result of EFA and CFA with the same data. The result of empirical analysis was as follows. Meanwhile, p.1, p.3 was removed owing to hampering the convergent validity in EFA, p.3 was removed owing to hampering the discriminent validity in CFA. EFA was reduction process of muti measurement variables to a few factor, but CFA was understanding and confirmatory process of measurement and latent variables' relation. Eventually, this study showed that EFA and CFA used different methology, thus the different outcomes appeared although using the same data, and implicated resonable application of methology according to given data.

• International Commerce and Information Review
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• v.16 no.5
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• pp.295-315
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• 2014

This paper attempts to reveal the relationships between vulnerability, FTA barrier, verification factors and origin performance. According to precedent studies, Our study analysed 104 cases from Korean companies which adopted a rules of origin and then developed a structural equation model. As a result of the model test, this empirical study found that vulnerability have a negatively significant influence on origin verification. Second, there was a positive relationship among origin verification and origin performance. Through the results of this study are the first company in order to enhance competitiveness, improve understanding of the rules of origin, must go to deal jointly with partner companies. Second, to establish a process for the origin of the goods to prove this systematic and should be managed in an orderly fashion. Country of origin verification system of corporate -level internal factors and external factors, separated by a study to assess the level of the enterprise for internal and external is determined that you need.

• International Commerce and Information Review
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• v.19 no.2
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• pp.109-141
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• 2017

Recently, by increasing the importance of the western China as consumer market, the need for a systematic and scientific study of the western Chinese consumers has been raised. This study researches how country image and product attributes as well as brand personality influence the western Chinese consumers' selection of Korean products. This study used the data which were collected through survey of adult consumers residing at six city of western China on Korean products' selection. Then the results are used for statistical analysis. The empirical findings are as follows: country image and product attributes as well as brand personality influence on the western Chinese consumers' selection of Korean products although there exist difference. Among three factors, the western Chinese consumers have most influences by product attributes. And brand personality in relation to its symbolic aspect has an important influence on the western Chinese consumer's Korean products selection. This study has presented the main implications of the preferred marketing strategies for Korean enterprises in the western China on the basis of these research results.