• Journal of Navigation and Port Research
• /
• v.41 no.2
• /
• pp.71-78
• /
• 2017

This paper aims to investigate the time-varying systematic risk of the stocks of Korean logistics firms. For this purpose, the period from January 1991 to October 2016 was examined with respect to 21 logistics companies that are listed on the Korea Exchange. The systematic risk of the logistics stocks is measured in terms of the Capital Asset Pricing Model (CAPM) beta for which the sensitivity of a stock is compared to the return changes of the whole market. Overall, the betas of the stocks of the Korean logistics companies are significantly lower than those of the market unity; however, it was revealed that the logistics betas are not constant, but are actually time-varying according to different economic regimes, which is consistent with the previous empirical findings. This finding is robust across different measurements of the logistics betas. In addition, the impact of macroeconomic factors on the logistics betas was examined. The present study shows that the logistics betas are positively associated with foreign exchange-rate changes.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2003.05a
• /
• pp.231-236
• /
• 2003

Currently, the adoption of FTZ(Free Trade Zone) has been recognized as one of the most important strategies for becoming hub port in the world. For this reason, various policies for successful implementation and adoption of FTZ have been presented, and a special law related this FTZ was actually built in 1999. In the mean time, a port logistics industry is deeply related to the successful implementation of FTZ. However, although many research about FTZ have been conducted, there have been little previous studies about port logistics firms and FTZ. Thus, the aim of this study is to investigate a market structure of firms related to Port Logistics effectively and to analyze the perception of these firms about FTZ in Busan.

• Korean Management Science Review
• /
• v.27 no.1
• /
• pp.1-16
• /
• 2010

According to appearance of a new competitive factor, as 'Green', Green Logistics becomes the important evaluation factor for many firms in emerging competitive environment. Despite this importance, the recognition level of Korean firms on Green Logistics lags behind that of leading companies in developed countries. In addition, the literature studies and practical strategies for systematic management control plans are very insufficient. In this paper, we establish decision making framework of Green Logistics by using ANP(analytic network process). Specifically, we suggest at first the overall concepts and issues of Green Logistics through literature studies. Next, we derive 6 clusters and 21 components forming the strategic green logistics, and then we conduct surveys for pairwise comparison of experts on Green Logistics and compute relative weights of the clusters, components and altanatives considering the feedback structure. We expect that the results of this study will be very helpful for managers to make strategic decisions.

• Journal of the Korea Convergence Society
• /
• v.4 no.4
• /
• pp.1-5
• /
• 2013

This study aims to define the positive relationship among reverse logistics capability, firm's profits, and collaboration satisfaction. In the previous literatures about reverse logistics mainly focus on the importance of relationship between manufacturers and customers, but less likely on the potential positive effects of between collative firms. To implicate reverse logistics gives firms assets recovery, cost reduction through recycling which affects greater profits. Reverse logistics capability would be positively related with increasing profits for collaboration and satisfaction between partners.

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

• Management & Information Systems Review
• /
• v.4
• /
• pp.469-500
• /
• 2000

Over the past decades the concept of Third-Party Logistics(TPL) has generated considerable interest in American and European industries. It involves outsourcing logistics activities that have traditionally been performed within an organization. The functions performed by the third-party logistics can encompass the entire logistics process or, more commonly, selected activities with that process. Increasing corporate emphasis on such concepts as reengineering and supply chain management has led many companies to consider the use of such third-party logistics. This study examines the possibility of applying existing American research of the third-party logistics to Korean companies and investigates the criteria for the use of third-party logistics in Korea. To design the model and generate the hypotheses, this study conducted a comprehensive literature survey on the third-party logistics. To test the hypotheses, this study collected data from 229 companies from the public companies in Korea through a questionnaire survey and conducted descriptive analysis, correlation analysis, factor analysis, and multiple regression analysis using the SPSS for Windows Ver. 7.5 package. This study is hoped that it may contribute to the understanding and introducing of the third-party logistics in the fields of the firms. But there were some restrictions that the respondents were not covered all kinds of firms. These and other major findings from this study imply that existing American studies may be applicable the Korean companies and that this study may complement the deficiencies of the existing studies. Thus, the summary of the literature review, the research model and hypotheses, and empirical findings in this study will provide useful ideas for future research and deep insights for successful logistics management.

• The Journal of Information Technology
• /
• v.1 no.1
• /
• pp.1-11
• /
• 1998

Today's firms face task of achieving competencies in two somewhat mutually exclusive areas. That is, due to fierce competition in the market, firms need to provide better products and services without losing cost advantage. In this respect, effective logistics management is one of the process that can yield a foundation of competitive advantage. Many firms are already using integrative supply chain management to achieve mutual goals of each firms within the supply chain. However, it is highly likely that inefficiency will occur because of different operations systems and organizational characters of each firms. Information system is receiving attentions as to reduce inefficiencies and gain competitive advantage. This study analyzes the effects of information integration on logistics performance to search the role of information system in supply chain management.

• International Commerce and Information Review
• /
• v.1 no.2
• /
• pp.1-24
• /
• 1999

In this study, I have suggested a basic theories in introducing and applying EC indispensible for a positive development of international logistics' competitiveness by the Chonbuk firms, and I assure that the Chonbuk firms can get a full effect in strengthening international competitiveness in worldwide trade war by effectively utilizing the application method suggested in this study as well as by erecting its basic direction. Our market faced an accelerating pressure against a full-scale market opening with the WTO system, and our Chonbuk firms will face a danger that all the markets, domestic and international will be occupied by the foreign enterprises, for we can not win the competition with the foreign enterprises, provided that we do not prepare for the rationalization and effectiveness of management. It will be very significant for our Chonbuk firms to introduce and utilize EC as a method for innovation and rationalization of management as well as a method for strengthening international competitiveness. This study will serve the study of this field, for the purpose of this study is on analyzing its propriety in introducing and utilizing EC. It will guarantee the importance that this study helps the Chonbuk firms to upgrade understanding on introduction and utilization of EC for strengthening their logistics competitiveness, and this study serves to improve international competitiveness in an era of information and globalization.

• Journal of Korea Society of Industrial Information Systems
• /
• v.12 no.5
• /
• pp.183-200
• /
• 2007

This study examines the relationships between typical anticipated benefit factors of introducing online business activities by traditional brick-and-mortar shipping and port logistics companies and their performance in marketing mix and global competitiveness. Three major benefit factors were derived including improved trust, information acquiring and limitation of offline business activities. The three empirically derived critical synergy factors were then used to examine how they improve the firms performance in marketing mix and global competitiveness. The results of structural equation modeling method show that the anticipated benefit factors significantly influence the firms' performance in marketing mix. Subsequently, marketing mix significantly influence the firms' global competitiveness. The results provide useful guidelines for the shipping and port logistics firms to develop appropriate marketing mix strategies to improve their global competitiveness.

• Journal of the Korean Institute of Navigation
• /
• v.25 no.2
• /
• pp.159-172
• /
• 2001

The information technology(IT) development of telecommunication, along with the information analyzation over the world, enables the firms to process their inner and outer operations through Electronic Data Interchange (EDI) system. And the concept of logistics has become more important to the enterprises in strategic sense because it had aggrandized itself to more comprehensive and integrative concept. Also the world shipping market is more competitive than any other market. In these environment, to maintain competitive power, shipping firms process operations by Logistics Information system(LIS), And then, reduce the working processes, working time and its costs. So the LIS has become more important in developing our national logistics system and industry. Therefore, this study purposes on empirically analyzing the activation factors of shipping LIS and the relationship these, factors with logistic performances in the shipping industry. Considering environments of Shipping logistics information system, this study sets up the research model and hypothesis to examine the activation factors of shipping LIS and the relationship these factors with logistic performances. We used the field data on the 163 numbers of firms(29 overseas shipping companies and 133 forwarding Agency) to get the empirical evidence. According to the study results, The shipping LIS activation factors which the sample firms recognized as important: were top managers support, well structured communication channel, strategic plans connection and inner information analyzation level. And IS organization & human resources, IS discipline & training, software development, IS organizational alignment, database management system, information standardization, competitive advantage, financial support and government support represent partially significant. Also, the current shipping LISs main problems are expensive system cost, standardization of working processs, institutions imperfection and systems interaction defect. So these problems must be improved to activate shipping LIS.