• Proceedings of the KAIS Fall Conference
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• 2011.05b
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• pp.792-795
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• 2011

After the year of 2000, compositions of stock holders in domestic firms are rapidly changing. In domestic stock market, the proportion of market value held by foreign investors reaches over 40%. There are several blue chip companies among those where foreign investors hold more than 50% of the stocks. There are still hot debates going on about whether the increase in the number of foreign investors contributes to domestic companies. This research attempted to determine foreign ownership increases enhance firm value empirically. It has been shown that foreign ownership variable has significant positive impact on Tobin's Q of firm value variable. The result suggests that foreign ownership increases in domestic corporations positively contribute to firm value, as they monitor and keep the management transparent as an institutional investor, and they work to soothe agency problems by the managements or the large stock holders.

• Journal of Information Technology Services
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• v.14 no.3
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• pp.19-31
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• 2015

As the social value gradually increases, the company's social responsibilities are granted and there are a growing number of requirements for a public value to economic value for the company. The cause marketing which has become widely known, it allows us to realize these values and in dictionary meaning, enterprises justification combines with marketing strategically, and is also illustrated as 'Cause Related Marketing.' For specific action plan, it is a marketing by connecting the selling of the product and donation to work out together to improve environment, public health, and poverty. This study examines how the cause marketing impact on the consumer's purchasing behaviour and purchasing intention and to find out whether there is an interrelationship. As a result, it turned out that cause marketing effect on purchasing attitudes and also the purchasing behaviour impact on the purchasing intention. Furthermore, the cause marketing influence on purchasing intention. As the idea of consumption gradually changes from the product consumption to value-based consumption as the time flows, the result of this research drew out the meaningful contents.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.7
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• pp.149-161
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• 2017

This paper analyzed the impact of alliances on the market value of the 106 bio-pharmaceutical companies listed on the KOSPI or KOSDAQ in Korea by using the 'Event study methodology'. Although general alliances did not impact the corporate value significantly, in the analysis corresponding to the alliance type, R&D alliances created positive value, as technology acts as an important factor for the alliance. Among the R&D alliances, 'Technology Transfer alliances', in particular 'Development Technology Transfer alliances', had a positive influence on the corporate value. We interpret these differentiated results as market tends to screen for types of alliances. Meanwhile, we confirmed that the possibility of a stock price increase before the alliance announcement is high by analyzing the impact of the timing of corporate alliance announcements on the company value. It can be inferred that the possibility of information leakage is high. This paper analyzes the impact of alliances for managers and practitioners seeking to create value for domestic bio-pharmaceutical companies, and suggests the need to prevent information leakages by establishing a suitable policy.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.34 no.8
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• pp.41-46
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• 2006

The capability for reconstructing impact forces of an aircraft wing using impact response functions and regularization methods were examined. The impact response function which expresses the relation between the structure response and the impact force was derived using the information on mass and stiffness data of a finite element model for the wing. Iterative Tikhonov regularization method and generalized singular value decomposition method were used to inverse the impact response function that was generally ill-posed. For the numerical verification, a fighter aircraft wing was used. Strain and deflection histories obtained from finite element analysis were compared with the results calculated using impact response functions. And the impact forces were reconstructed with the strain histories obtained from finite element analysis. The numerical verification results showed that this method can be used to monitor impact forces on aircraft structures.

• Journal of Environmental Impact Assessment
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• v.19 no.1
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• pp.49-57
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• 2010

The objective of the research is to analyze changing trend of water discharge in precipitation, according to changing land use, through an environment-friendly urban development method called LID. The study chose S1 basin (Separated Sewer districts) in Cheongju region for survey. Among LID methods, relatively more applicable methods of green rooftop space and parking lot with permeable material were selected to construct plausible scenarios. Curve Number (CN) value was calculated due to land use patterns in each scenario, and SWMM model simulation were conducted during 2008 for comparative analysis. For Case 1, only parking lot with permeable material was applied to the scenario. Green rooftop space I and II were applied to Case 2 and 3 respectively. For Case 4 and 5, green rooftop space I and II were applied, in addition to parking lot with permeable material, Calculation of CN value showed that for S1 basin, the value was 88.1 (prior to scenario application), 86.5 (Case 1), 81.9 (Case 2), 68.5 (Case 3), 80.4 (Case 4) and 67.2 (Case 5). Changing pattern of rain water discharge was analyzed for each scenario. For Case 1, the change was not remarkable before and after application of scenario. In Case 2 and 4, the impact of rain water discharge as source of pollutant fell to 20~30%. The rate dropped to 30~50% in Case 3 and 5 respectively. The result demonstrates that the amount of rain water discharge, amount and frequency of sewer overflow, frequency of rain water discharge, and pollution load decreased in accordance with declining CN value in each scenario. In installing green rooftop space, the effect was twice greater when rain water discharge was directly infiltrated into soil.

• Culinary science and hospitality research
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• v.23 no.7
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• pp.183-193
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• 2017

The present study was conducted at a night market in the Ulsan region, with the purpose of analyzing the impact of menu quality at night markets on customers' perceived value and revisit intention. The study surveyed 323 visitors to the night market, and analyzed the results using the SPSS 18.0 statistics program. The results were the following. Firstly, the results of the exploratory factor analysis regarding menu quality at the night market showed 5 main factors, to a statistically valid and reliable degree: hygiene, price, diversity, originality, and taste. Secondly, it was found that menu quality exerts a positive influence on perceived value, with taste having the biggest influence on hedonic value, and price having the biggest influence on utilitarian value. Thirdly, it was found that menu quality further exerts a positive impact on the revisit intention, with price having the greatest influence in this regard. Fourthly, perceived value was found to have a positive influence on the revisit intention, with utilitarian value having a greater effect than hedonic value in this regard.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.5
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• pp.365-376
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• 2022

This study aims to look into the causal relationships between corporate social responsibility and firm value, corporate social responsibility and institutional ownership, and firm value and institutional ownership. This study develops a triangle model of causal relationships among the three endogenous variables. Samples for this study are manufacturing companies listed on the Indonesia Stock Exchange for the period 2014-2018. The model is operated in the system of simultaneous equation models using the generalized method of moments technique to estimate parameter coefficients. After controlling the effects of trade-off/balancing capital structure and managerial ownership, the research findings show a positive causal relationship between CSR and firm value and firm value and institutional ownership. Institutional ownership has a positive effect on CSR, while the effect of CSR on institutional ownership is negative in the firms without managerial ownership and positive in the firms with managerial ownership. This study finds that the causal relationship between CSR and firm value is stronger after the trade-off/balancing of capital structure is included in the model. Capital structure has a convex effect on firm value and positively impacts institutional ownership. In addition, an independent commissioner has a negative impact on CSR but has no direct impact on firm value.

• Journal of the Economic Geographical Society of Korea
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• v.13 no.4
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• pp.601-622
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• 2010

The purpose of this paper is to analyze the value chain reorganization of cultural contents industry cluster in Daegu city and its impact on the regional economy. To achieve this goal, this research examined the change of value added structure, institutional milieu and networks among regional innovators and their effect on value chain reorganization of cluster. The result shows that the scope of the value chain generating value added have been extended and the networks among regional innovators have been increased. Such value chain reorganization has a positive effect on the regional economy. In the context of public policy, however, the focus of industrial policies needs to generate cultural and institutional specificities in a given region and to strength Triple helix innovation system.

• Proceedings of the Korean Society for Noise and Vibration Engineering Conference
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• 2004.11a
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• pp.451-456
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• 2004

In this study, evaluation was carried out for reduction method of floor impact noise through field test and the effective methods for heavy impact noise were proposed. As a field test, impact noise reduction materials such as EPP, EEPS, EVA, PE and so on, did not satisfied the recommandation value at the condition of 150mm thickness concrete slab. The evaluation results for those materials by 'inverse A curve' showed $53\sim55dB$ at heavy impact noise and $53\sim58dB$ at light impact noise. But, two methods proposed by authors were evaluated $47\sim50dB$ at heavy Impact noise and $54\sim58dB$ at light Impact noise on the similar concrete slab thickness.

• Culinary science and hospitality research
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• v.21 no.6
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• pp.158-166
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• 2015

The purpose of this study is to verify whether education on the placebo effect has significant impacts on the knowledge of the placebo effect, as well as the intention of healing food intake. For this purpose, 37 experimental group students and 29 control group students participated in the experiment. The results were as follows. First, education on the placebo effect did not appear to have significant impact on the functional value although it did have significant impact on emotional value and nutritional value. Second, knowledge of the placebo effect gained from the education had significant influence on intention of healing food intake. Third, only nutritional value showed a statistically positive (+) impact on intention of healing food intake.