• 제목/요약/키워드: Frontier Markets

검색결과 19건 처리시간 0.025초

Global Fast Food Brands: The Role of Consumer Ethnocentrism in Frontier Markets

  • MUKUCHA, Paul;JARAVAZA, Divaries Cosmas
    • 산경연구논집
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    • 제12권6호
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    • pp.7-21
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    • 2021
  • Purpose: Modern globalization and Western markets saturation has catalyzed the growth of culinary globalization into developing countries. The question was whether fast food consumers in frontier markets of Sub-Saharan Africa (Zimbabwe), either upholds national gastronomic tendencies in terms of consumer ethnocentrism and buy local or they adopt global fast food brands. Demographic consumer profiles were also analyzed as antecedents of consumer ethnocentrism. Research design, data and methodology: A sample size of 400 fast food-adult consumers was surveyed in the City of Harare. Data was captured on SPSS and Analysis of Moment Structure (AMOS). Hypothesis testing was done using sample t test (H1), logistic regression (H2) and multiple regression (H3, 4, 5) analysis. Results: Consumer ethnocentrism in Zimbabwe was marginally above average and no statistically significant relationship between the levels of consumer ethnocentrism and adoption of foreign fast food brands was noted. Age had an inverse relationship; income had a positive association whilst gender had no statistical significance with consumer ethnocentrism. Conclusions: Despite the Zimbabwean consumers being marginally ethnocentric, international restaurateurs should invest in the Zimbabwean fast food market since their nature of being foreign has got an exotic appeal to the Zimbabwean consumers thereby enhancing their likelihood of success.

Herding Behavior in Emerging and Frontier Stock Markets During Pandemic Influenza Panics

  • LUU, Quang Thu;LUONG, Hien Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • 제7권9호
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    • pp.147-158
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    • 2020
  • We apply Return Dispersion Model by calculating CSAD (Cross-sectional standard deviation of return) and State Space Model to identify herding behavior in the period of pandemic (H1N1 and COVID-19). Employing data from TEJ and Data Stream, this paper examines whether the herding behavior is existing in Vietnam and Taiwan stock market, especially during pandemic influenza. We compare the differences in herding behavior between frontier and emerging markets by examining different industries across Vietnam and Taiwan stock market approaches. The results indicate solid evidence for investor herd configuration in the various industries of Vietnam and Taiwan. The herding impact in the industries will be greater than with the aggregate market. The different industries respond differently to influenza pandemic panics through uptrend and downtrend demonstrations. Up to 12 industries were found to have herding in Vietnam, while Taiwan had only 5 of 17 industries classified. Taiwan market, an emerging and herding-level market, has changed due to the impact of changing conditions such as epidemics, but not as strongly as in Vietnam. From there, we see that the disease is a factor that, not only creates anxiety from a health perspective, but also causes psychological instability for investors when investing in the market.

Estimating Potential Value of Proton Accelerator in Korea Using Contingent Valuation Method

  • Jeong, Ki-Ho;Kim, Jun-Yeon
    • Journal of the Korean Data and Information Science Society
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    • 제17권2호
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    • pp.387-394
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    • 2006
  • In Korea, a proton linear accelerator complex is being built as a part of the 21st Century Frontier Projects. Contingent valuation method (CVM) is a main evaluation method of nonmarket goods for which markets either do not exist at all or do exist only incompletely. This study shows the method can be applied to the benefit assessment of the proton accelerator complex. Using the discrete choice CVM method, this study estimates the willingness-to-pay (WTP) of a would-be user for the proton accelerator complex as 20,133 won per month.

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라오스의 변경 자본주의 대(대) 캄보디아의 세습 과두제 (Frontier Capitalism in the Lao PDR Versus Patrimonial Oligarchy in Cambodia)

  • 에도 안드리세
    • 한국경제지리학회지
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    • 제16권3호
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    • pp.408-422
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    • 2013
  • 논문은 최근의 학문적 성과들을 바탕으로 아시아 지역의 자본주의 다양성과 비즈니스 시스템에 대한 논의를 담고 있다. 본 논문의 목적은 참고 문헌들을 통해 국가의 역할과 경제 지리의 성격을 규명하여 라오스와 캄보디아의 자본주의적 다양성을 살펴보는 것이다. 따라서 영토가 경제 권력을 어떻게 재조직하는 요인으로 작용해왔는지에 대한 질문과 라오스와 캄보디아가 국가 자본주의와 베이징-서울-도쿄 합의에 의해 어떻게 변화하고 있는지에 대한 질문에 대답하고자 한다. 두 국가 간의 비교 분석은 라오스의 국가에 의해 조정되는 Frontier Capitalism과 캄보디아의 세습적 과두 체제 간의 차이를 규명한다. 라오스는 지역적으로 자본주의적 다양성이 발현된다. 공간적인 제약이 약한 캄보디아의 과두적 집권층은 상대적으로 시장의 기능에 주목하지만 기회의 균등이라는 면에서는 완전한 자유 시장을 지향하고 있지는 않다. 본 연구의 연구 결과들은 실증적, 이론적 두 가지 관점 모두에서 아시아의 자본주의에 대한 후속 연구의 가능성들을 제기한다. 향후의 연구는 중소 기업의 역할에 대해 고려해야 할 것이며 이론들은 과두제와 개인적, 가족적 자본주의를 통합하여야 한다.

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Revisiting Managerial Ownership and Firm Value in the Absence of Market Forces: Evidence from Singapore and Thailand

  • POLWITOON, Sirapat;TAWATNUNTACHAI, Oranee
    • The Journal of Asian Finance, Economics and Business
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    • 제7권8호
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    • pp.1-13
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    • 2020
  • This study examines the effect of managerial ownership on firm value in capital markets where outside governance mechanisms to discipline managers are weak or non-existent. We hypothesize that strong market forces in the U.S. confound the effect of managerial ownership on firm value, i.e., the convergence of interest argument. We test the hypothesis using data from 112 firms from Singapore Stock Exchange and 205 firms from the Stock Exchange of Thailand prior to the Asian financial crisis in 1997 when the market forces were weak, yet the investor protection was sufficient to prevent outright appropriation from management. For ease of comparison, we use methodologies from studies done on the U.S. sample firms during the same study period as ours. We find that, both in Singapore and Thailand, firm value is a function of managerial ownership, and the relation is of the famous inverted U-shaped. Moreover, the relation is robust under different model specifications. The results from Thai sample, with weaker market forces than in Singapore, lend support to many agency cost hypotheses advanced in the U.S. Our results provide useful implication for investors in emerging and frontier markets where outside governance mechanisms are yet to be fully developed.

Currency Valuation, Export Competitiveness, and Firm Profitability: Evidence from Bangladeshi Firm-Level Data

  • CHOI, Sunghee
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.61-69
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    • 2021
  • The aim of this paper is to empirically investigate whether and how domestic currency valuation is related to firm-level export competitiveness and profitability by using the unique firm-specific dataset on Bangladeshi nonfinancial firms which have been listed continuously from 2010 to 2018. To achieve the aim of this paper, 63 exporting firms are extracted from a total of 125 firms which have been continuously listed during 2010-2018 and used as the final sample firms. The Pedroni cointegration test reveals that export and import prices of the exporting firms are cointegrated in the short-run as well as long-run. The panel dynamic ordinary least square (DOLS) analysis finds that a firm's export competitiveness is maintained by high import inputs even in the presence of depreciation of Bangladeshi currency against the US dollar. Finally, the DuPont analysis finds that the depreciated Bangladeshi currency enhances an exporter's profitability. Conclusions based on the findings are consistent regardless of exchange rate types, such as, real bilateral exchange rate and nominal or real effective exchange rate indexes. Consequently, the firm-level findings of this investigation suggest that undervalution of home currency is essential for Bangaldesh which is one of the frontier markets in South Asia whose exporting firms are mostly price followers in global markets.

Materials Flow Analysis of Metallic Cobalt and Its Powder in Korea

  • Hon, Hyun Seon;Kang, Lee-Seung;Kang, Hong-Yoon;Suk, Han-Gil
    • 한국분말재료학회지
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    • 제21권3호
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    • pp.235-240
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    • 2014
  • The basis of the cobalt demand analysis by use was established via the investigation and analysis of the cobalt materials flow, and the overall cobalt metal material and parts industry structure in Korea was examined to determine the cobalt material flow. The markets of the cobalt material for machinery were studied, including their interrelations, via market and study trends, and relevant plans were examined. The results of the study indicated that the advanced core technology for advanced industry and technology-intensive industry development is required to structurally innovate the parts materials and basic materials industries and to upgrade the catch-up industry structure to the new frontier structure.

정보시스템 아웃소싱의 성공요인에 관한 연구 (A Study of the Success Factors for the Development of IS Outsourcing)

  • 남기찬;정태석;함용석
    • 한국IT서비스학회지
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    • 제1권1호
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    • pp.149-159
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    • 2002
  • It is estimated that the world market size of the outsourcing of information system will be 780 billions in 2004, and that of ASP, one of outsourcing markets, will be 24 billions in 2005. The domestic outsourcing market also has 6 times grown in 2001 compared to the size in 2000. However, there have been only a few systematic researches about information system outsourcing and ASP in Korea. Though the importance of ASP has been recognized, no business model has been examined. So, this research was done to survey the outsourcing of information system and the meaning/present status of ASP, and to consider several factors to successfully introduce this service to companies. Especially, this research focused on ASP.

신흥시장 진출을 위한 한국 공간정보의 글로벌화 전략 연구 -아시아 개발도상국의 사례를 중심으로- (A Study on the Globalization Strategy of Korean Spatial Information for Expansion into An Emerging Market -Focused on the Cases of Asian Developing Countries-)

  • 김걸
    • Spatial Information Research
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    • 제23권5호
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    • pp.21-30
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    • 2015
  • 1995년부터 추진한 국가지리정보체계 구축사업으로 국가공간정보인프라의 활용수준은 높아졌으나, 국내시장 규모의 한계와 대기업의 시장진출에 대한 법률적 규제로 인해 한국의 공간정보 시장은 산업경쟁력 측면에서 정체하고 있다. 이러한 문제점을 극복하고 과열된 국내의 레드오션 시장을 벗어나기 위해서는 새로운 공간정보의 블루오션 시장을 발굴할 필요가 있다. 해외 공간정보 시장은 2015년까지 연평균 10.5% 성장하고 150조원(1,250억 달러)로 성장할 것으로 예측되고 있다. 따라서, 아시아의 공간정보 시장은 커다란 성장 잠재력을 가지며, 한국에게는 새롭게 부상하는 블루오션 시장이 되고 있다. 핀란드, 독일, 스웨덴, 일본 등의 선진국들은 이미 오래전부터 개발도상국의 공간정보 시장에 진출하고 있으므로 선진국과 발을 맞추기 위해서 신흥공간정보 시장으로의 진출 확대를 위한 한국 공간정보의 새로운 글로벌화 전략 마련이 시급한 상황이다. 이 연구의 목적은 국내의 공간정보에 대한 강점-약점-기회-위협 요인을 분석하고 아시아 개발도상국의 공간정보 현황을 고찰하며, 한국 공간정보의 신흥시장 진출을 위한 글로벌화 전략을 제시하는데 있다. K-FBI 글로벌화 전략은 지식 플랫폼 구축전략, 신개척지 전략, 기본 공간정보 공략 전략, 현지 맞춤형 내재화 전략의 4가지 영역으로 구성될 수 있다. 향후 K-FBI 글로벌화 전략에 기반한 공간정보 로드맵의 수립과 시행은 우리 공간정보 기업의 아시아 개발도상국 진출에 큰 디딤돌이 될 것이다.

패션 정보지의 디자인 트랜드 예측과 소비자의 수용도에 관한 연구 (A Study on the Relativity between Fashion Trend and Consumer Acceptance)

  • 이인성
    • 대한가정학회지
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    • 제41권10호
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    • pp.185-198
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    • 2003
  • Fashion is a field that responds sensitively to social and cultural atmospheres, brings about constant change due to consumer demand for new items in new fashion trends and in the latest design. The fashion industry tries to predict what kind of clothing the customers desires and produces fashion products according to trend information stated by fashion information services. This research analyses the relativity between the trends stated in the fashion information books and what consumer accept, and with this information find the application of trend information books in the planning of domestic woman's clothing. The used information books were based on Samsung Fashion Institute and Interfashion Planning, Inc. The 02/03 F/W season emphasized restoration-romantic, nostalgic mood themes. Fashion trend information and consumer acceptance condition tend to concentrate on trend themes given tv fashion information companies. In other words, $Sincere\;girl(39.04\%){\to}Frontier\;girl(34.92\%){\to}Dark\;lady(18.43\%){\to}Lady\;belle(7.59\%)$ in this order Also when looking into the consumer's wearing, no one theme appears by itself and the themes are mixed accordingly to one's lifestyle and sensibility. Accordingly fashion information organizations must provide precise fashion trends according to consumer sensibility & consumption and also compare trend information to consumer fashion trends each season. With this precise information the planned design plans will help the domestic fashion markets, which are gradually overrun by foreign brands, develop a unique and original fashion product that meets consumer sensitivity needs, and develop a new stepping stone for fashion companies and the relative fashion industry and furthermore contribute to the advancement of overseas markets.