• Title/Summary/Keyword: Legal Structure

Search Result 327, Processing Time 0.025 seconds

Determinants of Corporate Anti-Corruption Practice Disclosure: Evidence from Chinese Firms

  • Yin, Hong;Zhang, Ruonan
    • The Journal of Industrial Distribution & Business
    • /
    • v.10 no.3
    • /
    • pp.7-16
    • /
    • 2019
  • Purpose - The purpose of this paper is to investigate the determinants of corporate anti-corruption practice disclosure (ACPD) from the perspective of rent-seeking theory. Research design, data, and methodology - Data are hand-collected from corporate social responsibility reports (CSRR) issued by 724 A-share listed firms in China. This paper provides an empirical analysis of the relationship between ownership structure and corporate ACPD as well as its moderating role in the institutional environment. Results - Our findings indicate that rent-seeking is a key factor in influencing corporate ACPD. State-owned enterprises disclose significantly more anti-corruption information than private ones in order to achieve personal promotion of top executives. Monopoly enterprises reported significantly less anti-corruption information than enterprises in competitive industries due to their rent-seeking behavior. The reduction of government intervention and improvement of legal environment are helpful to curb corporate rent-seeking activities and enhance the level of corporate ACPD. Conclusions - Rent-seeking is an important factor in explaining corporate voluntary disclosure in emerging countries. Institutional environment also plays a moderating role in the relationship between ownership structure and corporate voluntary disclosure. Our results are of interest to policy makers, regulators and market participants that are interested in corporate voluntary disclosure and corruption prevention.

A Study of the Development of a Modular, Lightweight Steel Ceiling System (유닛형 경량철골 천정시스템 개발에 관한 연구)

  • Kim, Hyeyeon;Bae, Sanghwan
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
    • /
    • v.29 no.5
    • /
    • pp.269-277
    • /
    • 2017
  • This study consists of an analysis of pre-existing ceiling construction systems as well as the development of a replacement unitary, lightweight steel ceiling system and related legal standards. Based on the material conditions and progression of the study, appropriate components were chosen and details were modified by mock-up test. A final study model was evaluated for performance and adaptability based on four parameters (indoor environment, constructability, budget economy, and aesthetics) and compared to the pre-existing ceiling system. As a result of the initial study, a lightweight steel design was created consisting of a reinforced structure with modular bars and entry holes for components. This system was hung directly on the suspension structure. The new design increased lighting and acoustic performance adapted to an indoor environment. Moreover, the speed of construction was increased by approximately 30%, the cost was decreased by approximately 20%, and ceiling aesthetics were improved.

A Study on the Plans for Activating Parallel Importation (병행수입 활성화 방안에 관한 연구)

  • Kang, Heuong-Jung;Wee, Sang-Woo
    • Korea Trade Review
    • /
    • v.42 no.6
    • /
    • pp.27-50
    • /
    • 2017
  • This study is to present practical plan to stimulate Parallel Import Policies, Which is one of the government policies to drop import prices of imported goods. Although, preliminary studies focused on legal aspects related to Intellectual Property Right, from the perspective of trade, we conducted a study on economic aspects through parallel import, consumer welfare, etc. For this study, the parallel import system of the United States and Japan was compared with Korea and the domestic parallel import market status was analyzed by comparing market price. According to the study, the current parallel import system lacked the limits of government regulation and distribution market structure. It proposed practical plans such as political suggestions and changes in distribution structure. This study is meaningful in analyzing the problem of parallel imports that currently occur in the Korea market based on data concerning parallel imports in practical terms

  • PDF

Forensic Engineering Study on Structure Stability Evaluation of Deep Cement Mixing Vessel using ADINA Software (ADINA 를 이용한 DCM 선박의 구조안정성 평가에 관한 연구)

  • Kim, Eui Soo;Kim, Jong Hyuk
    • Transactions of the Korean Society of Mechanical Engineers A
    • /
    • v.38 no.11
    • /
    • pp.1283-1290
    • /
    • 2014
  • Recently, a wide variety of simulation techniques such as structure analysis and structure-fluid interaction analysis are being employed in the field of forensic engineering for resolving the problem of legal liability for accidents and disasters. In this study, we performed a forensic engineering investigation of a sinking accident of a DCM (deep cement mixing) vessel. The accident vessel was built as a dedicated SCP (sand compaction pile) vessel at the time of vessel building, and the DCM vessel was structurally modified, e.g., by increasing the leader height and constructing for leader expansion, without a stability review. To determine the effects of expansion and modification of structures in this sinking accident, structural stability evaluation was performed using commercial software for structural analysis, ADINA software. Through an analysis and comparison of simulation results obtained using ADINA software with the results of the structural modification and expansion, we could determine the exact cause of the sinking accident of the DCM vessel.

Legal Study on Corporate Governance in China (중국법에 의한 기업지배구조에 관한 연구)

  • Kim, Jung-Ihl
    • The Journal of the Korea Contents Association
    • /
    • v.6 no.11
    • /
    • pp.8-14
    • /
    • 2006
  • With an analysis of government owned corporations based on Chinese law as a subject and in the light of comparing and assessing intra-company domination called internal management organization with the domination structure of already established advanced nations, the objective of this study is to analyze the reality and possibility of company domination structure of Chinese government owned corporations. Especially, the intra-company domination structure in China from the points of view such as general meeting of stock holders, director and board of directors, and board of auditors, this study examines the direction toward which internal domination organizations in China form. Also, related to chinese corporations, the study proposes the model in which the possession right of general meeting of stock holders, corporation property right of board of directors, corporation representative right of the senior executive and superintendency of board of auditors are mutually restricted and inter-connected.

  • PDF

Evaluation of the Structure Stability of a Plate Girder Bridge Using MIDAS Structure Analysis (MIDAS를 활용한 플레이트 거더교 구조 안정성 평가에 관한 연구)

  • Kim, Eui Soo;Kim, Jong Hyuk
    • Transactions of the Korean Society of Mechanical Engineers A
    • /
    • v.38 no.4
    • /
    • pp.451-457
    • /
    • 2014
  • Recently, as a means of resolving the issue of legal liability in the event of an accident or a disaster, a wide variety of simulation techniques, such as structural and structure-fluid interaction analysis, have been used in the field of forensic engineering. The plate girder bridge discussed in this paper was being constructed between a pier and an abutment to expand an existing bridge, but an accident whereby the bridge overturned occurred at the end of the concrete laying process for a protective wall. This accident was caused by additional loads not being considered at the time of the design as well as the actual construction being different from the design. The additional loads ultimately generated a negative support force. In this study, we determined the cause of the accident by comparing the structural stability of the original design with that of the additional, non-conforming construction using MIDAS structural analysis.

A systems thinking approach to explore the structure of urban walking and health promotion in Seoul (서울시민의 보행과 건강증진에 관한 시스템 사고 기반의 구조 탐색)

  • Kim, Dong Ha;Chung, Chang-Kwon;Lee, Jihyun;Kim, Kwang Kee;JeKarl, Jung;Yoo, Seunghyun
    • Korean Journal of Health Education and Promotion
    • /
    • v.35 no.5
    • /
    • pp.1-16
    • /
    • 2018
  • Objectives: This study aimed to examine systems behavior of urban walking by analyzing a dynamic structure in Seoul, South Korea. Methods: As a systems thinking approach to urban walking and health promotion, we developed a Casual Loop Diagram based on literature review and expert consultation. The reviewed literature included: 1) qualitative studies that explores the experiences of urban walkers in Seoul; 2) a systematic review study on the built environmental factors related to walking; 3) policy research reports related to urban walking in Seoul. Results: The feedback structure for urban walking was related to the three urban environments (safety & walking environment, socioeconomic environment, and public transportation environment), and was characterized by a trade-off consisting of eight reinforcing loops and four balancing loops. Conclusions: The policies for a walkable city require multi-sectoral cooperation in order to change the causal loop structure related to the decline of walking. Therefore, it is necessary to establish legal and institutional conditions so that multi-sectoral and multidisciplinary approaches are possible.

Framework of seismic design specification for telecommunication (통신설비 적용 내진 규격기준 프레임워크)

  • Lee, Sang-Mu;Cho, Pyung-Dong
    • Journal of the Earthquake Engineering Society of Korea
    • /
    • v.12 no.2
    • /
    • pp.45-52
    • /
    • 2008
  • The telecommunication facilities by the basic law of telecommunication were added to the protection law against natural disasters as a scope of seismic design application on January 2007 since legal regulation had been reinforced in our country as in the circumstance that earthquakes are now frequently occurred in several areas over the world. This paper handles an establishing provision of concrete seismic design specification for applying to telecommunication facilities. For this purpose, this paper classified the parts of telecommunication facilities as being the correspondents to apply seismic design and analyzes the procedure of the design specification of building structure as the part of building construction law as a basic reference for seismic design application. And the method of introducing the foreign specification is presented. Thereon seismic design measures to be introduced into legal regulation are suggested for telecommunication service endurance against earthquake.

Problems Judicial Liability of On-Line Service Providers under the Infringement of Copyright in Internet (인터넷 상에서 저작권침해에 따른 온라인서비스 제공자의 책임문제)

  • 박종삼
    • Journal of Arbitration Studies
    • /
    • v.12 no.1
    • /
    • pp.123-169
    • /
    • 2002
  • The Advent of the global information structure and the do-called digital revolution raise countless new issues and questions. There are no limitations regulating the expressions on the cyberspace due to internet's of quality anonymity\ulcorner diversity\ulcorner spontaneity. Therefore, the freedom of speech is expanded in both areas of time and space, which was impossible with the old communicating system. The rapid development of the internet may not have occurred without techniques of linking and framing, which provide users flexible and easy access to other website. These techniques have enabled internet users to navigate the internet efficiently and sort through the products, services and information available on the internet. Although online technology raises many new legal issues, the law available to help us resolve them, at least today, is largely based on the world as it existed before online commerce became a reality. Thus the challenge is to predict how these new legal issues may be resolved using the current law. Especially, the damage from the above side effects on the cyberspace can be much more serious than in the real world because of promptness, wideness and anonymity. Therefore, regulating and controling the freedom of speech on the cyberspace became needed, and there are two kinds of opinion; one is that the laws in the real world should be applied for the cyberspace and the other is that regulating and controling the freedom of speech on the cyberspace should be performed by the users of cyberspace not by laws because the cyberspace is a free space and must not be interfered. In this study, the current judicial regulation of cyberspace, the side effects of cyberspace and the limitations of the freedom of speech are studied to solve the above problems with speech and the liabilities of on-line service providers are discussed around defamation the distribution of obscene pictures and information, and infringement of copyright.

  • PDF

A Study on the Alteration in Duty of Disclosure in the Marine Insurance Act 1906 (1906년 해상보험법상 고지의무의 변경에 관한 연구)

  • KIM, Chan-Young
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
    • /
    • v.71
    • /
    • pp.171-194
    • /
    • 2016
  • In the UK, the legal principle for the duty of disclosure established in Carter v Boehm case was codified in the Marine Insurance Act 1906("MIA"). The duty of disclosure under the MIA is the pre-contractual duty by the insured and therefore, the insured should disclose the every material circumstance that would influence a prudent insurer's judgement. If the insured violates the duty of disclosure, the insurer is entitled to avoid the insurance contract, regardless of whether there was the deliberate or reckless breach, which is unfavorable to the insured. The Law Commission reviewed the duty of disclosure under the MIA in detail and provided the Insurance Act 2015 for the purpose of enhancing the interests of the insured. The Insurance Act 2015("Act"),while the basic legal structure of the duty of disclosure under the MIA still remains, amends it in respect of non-consumer insurance and furthermore, integrate the duty of disclosure and the duty not to misrepresent into the duty of fair presentation of risk. And according to the Act, the insurer is required to more actively communicate with the insured before entering the contract with the result that, if the insured fails to disclose the material circumstance but provides the sufficient information to put the insurer on notice, the insurer should further inquire for the purpose of the insured's revealing the material circumstance. In addition, the Act details the insured's constructive knowledge of material circumstance by reviewing the current case law and introduces a new system for the insurer's proportionate remedy against the insured's breach of the duty of fair presentation of risk.

  • PDF