• Title/Summary/Keyword: Foreign Relation

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Forms of Governance and Firm Value in the Korean Logistics Industry (물류기업의 지배구조가 기업가치에 미치는 영향)

  • Nam, Hyun-Jung;Sohn, Pan-Do
    • Journal of Korea Port Economic Association
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    • v.31 no.3
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    • pp.41-60
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    • 2015
  • This paper investigates whether managerial ownership and foreign ownership have impacts on firm value, using a sample of logistics firms listed on the Korea Stock Exchange between 2008 and 2014. In the Korean economy, family-controlled business groups, known as chaebol, constitute a unique governance system. To acquire investments from controlling shareholders, a logistics firm is likely to be included in family-controlled business groups. Since reform of the governance structure of logistics firms in the South Korea enables shareholder value to be maximized, we analyzed ownership effects on firm value using pooled ordinary least squares. Empirical results showed that there was a significant positive relation between managerial ownership and firm value. This study also found that there was a significant positive relation between foreign ownership and firm value. We thus show that both managerial ownership and foreign ownership can protect shareholders by positively affecting firm values.

A Study on the Dispute Resolution of MIGA in the Investment Guarantee for Developing Countries (개발도상국 투자에서 MIGA의 분쟁해결제도에 관한 고찰)

  • Yu, Byoung Yook
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.60
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    • pp.79-106
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    • 2013
  • The world is significant increasing investment volume into developing countries from foreign investors. Foreign financial capital is searching in interesting place among the emerging market. However foreign investors put still their experience in the economical and social crisis with political risks in the host countries. MIGA entered into the political risks insurance market which has one of the basic matter of sponsored the private investment guarantee programs. They put guarantee or covering risks of currency inconvertibility, expropriation, breach of contract and political violence. In the case contracts of guarantee concluded between investor and MIGA which are disputes in relation to such MIGA service contract, it should be settled by negotiation, conciliation and arbitration under the convention establishing the Multilateral Investment Guarantee Agency(MIGA). All disputes within the scope to states and investor of MIGA members shall be settled in accordance with the procedure set out in the convention. Recently, MIGA is opening the office in Seoul to strengthen joint efforts between MIGA and Korea. It will be a good chance to consider sustainable improvement and dispute solutions for emerging countries in foreign investment to the korean investors.

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The Influence of the Tools of Liberalism and the Clash of Civilizations on Arabs' Perceptions of the United States of America

  • Ali A Dashti;Ali Al-Kandari;Ahmed R. Alsaber;Ahmad Al-Shallal
    • Asian Journal for Public Opinion Research
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    • v.11 no.4
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    • pp.327-357
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    • 2023
  • Adopting the Tools of Liberalism and Clash of Civilizations theories of international relations, this study examines the perceptions of 25,406 Arabs in 11 Arab countries as expressed in an Arab Barometer survey exploring their perceptions of violence against the United States (US), American citizens as "good," President Donald Trump's foreign policy in the Middle East, increasing economic relations with the US, and welcoming American foreign aid. As aspects of the Clash of Civilizations theory, this study examines religiosity, religious ritual practices, and political Islam and, as aspects of liberalism, this study explores the roles of online media as well as perceptions about US foreign aid in the prediction of the criterion variables. The findings suggest that religious indicators, and aspects of the Clash of Civilizations generally, were negative predictors of the perceptions, while social media and motivations for US foreign aid as aspects of liberalism, positively predicted the perceptions. The study discusses the results in relation to implications for policy makers.

An Empirical Analyses and the Factor of Domestic Exchange Rate Determination (WTO 환경 하에서 국내 환율결정요인에 대한 실증분석)

  • Lee, Duck-Ho
    • International Commerce and Information Review
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    • v.8 no.4
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    • pp.159-175
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    • 2006
  • This paper that explain exchange rate determination using Korea's economy data moment investigate whether each theory cause effect that is some on exchange rate showdown analyzing actual proof relation between foreign exchange fluctuation and financing part variance examine wish to. Because korea economic enters in the 1990s and the 2000s and the change is notable, foreign exchange fluctuation by such change is real condition that is changing. In this paper, I wish to enforce actual proof analysis if change such as him is grasped by form that is some about foreign exchange fluctuation. First, the second chapter investigates exchange rate decision theory that is used on actual proof interpretation, and executes actual proof Test in reply in subsequent the third chapter. And finally, the fourth chapter wishes to drive conclusion of this paper.

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A Study on the English Vowel Lengths /$\ae$/, /c/, and /$\alpha$/ (영어모음 /$\ae$/, /c/, /$\alpha$/ 발음길이 연구)

  • Park, Hee-Suk
    • Speech Sciences
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    • v.8 no.4
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    • pp.215-220
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    • 2001
  • This study was done to find out the difference in vowel length between English produced by Americans and KATUSA soldiers. Though English pronunciation by Koreans shows different features in many ways, I focused on English vowel length of KATUSA soldiers. I wanted to know if English low vowels show a foreign accent by comparing vowel lengths in English produced by Americans and KATUSA soldiers. The reason I wanted to deal with English low vowels is that most Koreans have difficulty in pronouncing them. Therefore I selected three English low vowels, /$\{\ae}$, /c/, and/$\alpha$/, as the experimental object, and I tried to find out the foreign accent of them. In this study, I also tried to find out the vowel lengths in relation to their utterance positions and see the foreign accent of English low vowels. I investigated the difference of the English low vowels lengths between Americans and KATUSA soldiers using information gathered from experimental results.

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An Empirical Study on the Volume and Return in the Korean Stock Index Futures Markets by Trader Types (투자주체별 주가지수선물시장의 거래량과 수익률에 관한 연구)

  • Lee, Sang-Jae
    • 한국산학경영학회:학술대회논문집
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    • 2006.12a
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    • pp.107-120
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    • 2006
  • This thesis examines the relationship between the trading volume and price return in the korean stock Index Futures until June 2005. First, the volume of KOSPI200 futures doesn't play a primary role with the clear explanation of return model. Second, an unexpected volume shocks are negatively associated with the return in case of the KOSPI200 futures, but it is a meaningless relation in the KOSDAQ50 futures. In the case of open interest, it's difficult to find any mean in a both futures. Third, The changes in the trading volumes by foreign investors are positively associated with the return and the volatility, but individuals and domestic commercial investors are negatively associated with the return. This empirical result seems that foreign investors are initiatively trading the korean stock index futures, individuals and domestic commercial investors follow the lead made by foreign investors.

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Comparison to Automobile Pilot Lamp by Accelerated Life Test (가속수명시험을 통한 자동차용 파일럿램프의 비교평가)

  • Shin, Min-Gyung;Wei, Shin-Hwan;Kim, Hyung-Min
    • Journal of Applied Reliability
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    • v.8 no.2
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    • pp.75-85
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    • 2008
  • In this paper, we compared domestic with foreign pilot lamps installed on the instrument board or electronic modules (car audio, air-conditional system, etc.) of an automotive vehicle by an accelerated life test in order to estimate the life of domestic pilot lamps. An accelerated life test method was developed and the relation of the life and voltage stress was analyzed. The main results are as follows; i) $B_{10}$ life of pilot lamp is above 5,000 hours, vehicle travel time for 10 years. ii) the life of domestic pilot lamp is longer than that of foreign thing. iii) the life distribution of domestic pilot lamp is wider than that of foreign thing. iv) it is possible to promote import replacement of automobile pilot lamp.

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A Clinical Study of Foreign Bodies in the Food and Air Passages 12-Year Review of 285 cases (식도 및 기도이물의 통계적 고찰)

  • 안재신;원유성;서병도
    • Proceedings of the KOR-BRONCHOESO Conference
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    • 1993.05a
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    • pp.79-79
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    • 1993
  • The retrospective analysis of 285 cases with diagnoses of foreign bodies in the food and air passages that were managed at the Department of Otolaryngology, KangNam St.Mary's Hospital from Nov.1980 to Oct.1992 are reported. The results are as follows : 1) Among 285 cases, 254 cases(89.2%) were lodged in the esophagus and 31 cases (10.8%) in the air passage. The ratio between the foreign bodies in the food and those in the air passage was about 8.2 : 1 2) Among all cases, 171 cases were males(59.8%) and 114 cases were females(40.2%). 3) The group under 5 years old having foreign bodies was over half of all cases(56.5%), and the group over 51 years old was 15.5% of all cases. 4) The incidence of foreign bodies in order of frequency was coin(35.6%), fish bone (21.8%) and chicken bone(7.9%) in the food passage. Beans and peanuts were the most common foreign bodies in the air passage. 5) In the location of foreign bodies of the food passage, 208 cases(82.2%) were found in the first esophageal narrowing. In the air passage, the frequent sites of lodgement were the bronchus, trachea and larynx in order. 6) The 67.0% of all cases was removed within 24 hours. The duration of lodgement showed differences in relation with varieties of the foreign bodies.

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Scalar curvatures of invariant metrics

  • Park, Joon-Sik;Oh, Won-Tae
    • Journal of the Korean Mathematical Society
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    • v.31 no.4
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    • pp.629-632
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    • 1994
  • Let (M, g) be a Riemannian manifold. The relation between a (pointwise) conformal metric of the metric g and the scalar curvature of this new metrics is investigated by Kazdan, Warner and Schoen (cf. [1, 4]).

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Introducing Strategy of Cool Roofs based on Comparative Evaluation of Foreign Cases (해외 사례분석을 통한 Cool Roof의 도입 방안)

  • Choi, Jin-Ho;Um, Jung-Sup
    • Journal of Environmental Impact Assessment
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    • v.19 no.6
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    • pp.591-605
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    • 2010
  • Cool roofs are currently being emerged as one of important mechanism to save energy in relation to the building. This paper reviews worldwide experiences (USA, Japan and EU etc) for the potential benefits cool roofs offer in relation to building energy saving for comparison purposes. It is confirmed that there is a significant potential to the energy saving by introducing the cool roof in a Korean climate because of similarity in terms of HDD (Heating Degree Day) and CDD (Cooling Degree Day) as those countries reviewed. Such a comparative study highlights that the type of measurements performed and the quantitative parameters reported from the countries should be standardized in Korean context in order to implement further comparable experiments for scientifically sound investigations. It is anticipated that this research output could be used as a valuable reference in implementing a Nation-wide cool roofing strategy in the central and local governments since a suitable technical, more objective direction has been proposed based on the measured, fully quantitative performance of the involved components of a cool roof system in the global context. From this critical review, a very important step has been made concerning the practicality of cool roof in Korean context. Ultimately, the suggestion in this paper will greatly contribute to opening new possibilities for introducing cool roof in this country, proposed as an initial aim of this paper.