• 무역학회지
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• 제44권2호
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• pp.221-237
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• 2019

Multinational corporations (MNCs) usually face indigenous business environments in host countries which are different from a home country's. In this circumstance, MNCs would accomplish low-investing performance if they pursuit the same as the home oriented business strategy in the host country. The more different kinds of specialized environments a host countries have, the more pressure of modifying the international strategy needed for MNCs. This paper examines that how a different market environment between a home country and a host country, through MNC's local responsive managements, can influence investing performance in a host country. This paper conducts structural equation analyses with collected empirical data focusing upon a MNC's market orientation efforts and the realization of management localization (i.e., increasing local sourcing intensity or local sales intensity) as mediators between the specialized environment in a host country and the MNC's investing performance. This paper has several contributions in developing the prior approaches: first, the market orientation variables are regarded not as normal independent factors but mediators; second, two step mediation model is examined to make link between host market's heterogeneity and MNC's performance.

• 산업경영시스템학회지
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• 제43권3호
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• pp.122-134
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• 2020

As globalization has been progressed, companies faced a situation in which it was difficult to secure global competitiveness only with their internal management systems. To overcome this, Supply Chain Management (SCM) emerged, which optimizes the whole supply chain process from suppliers to demand companies. In this study, it was analyzed that the effects of customer integration among the integration factors of SCM, and market orientation among the strategic orientations on management performances such as non-financial performance and financial performance through a mediating role of flexibility. At this time, it was analyzed whether CEO's support has a moderating effect on the influence of the market orientation. As a result of analysis, the customer integration was found to have an indirect effect on the non-financial performance and the financial performance through the flexibility. The market orientation was found to have a direct effect on the non-financial performance and at the same time, indirectly affected it through the flexibility. In addition, it was shown that more the level of CEO's support, higher the influence of the market orientation. This moderating effect had an indirect effect on the financial performance. Based on the above findings, various implications for improving management performance were proposed. This study suggests that investments in computerization such as ERP and smart factories can improve supply chain management performance and ultimately improve customer satisfaction and financial performance.

• The Journal of Asian Finance, Economics and Business
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• 제9권9호
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• pp.49-59
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• 2022

Based on assessing the impact of factors on the business efficiency of construction enterprises, the research team proposes policy implications to improve the business performance of listed construction enterprises in Vietnam in the coming time. The study used secondary data collected from the audited financial statements of 25 enterprises listed on Vietnam's stock market in the period 2015-2021 to estimate the factors affecting the business performance of construction enterprises. After collecting, the data will be encrypted and checked. The article uses a quantitative research method by using a linear regression model on Eviews 10 to analyze the data and analyze the impact of factors on the business performance of construction enterprises listed on Vietnam's stock market. The research result shows that firm size and growth rate positively affect business performance while capital structure, receivable management, fixed asset investment, and economic growth have a positive impact on the business performance of construction companies listed on the Vietnamese stock market. Based on this result, the paper also makes recommendations to the Vietnamese construction companies to enhance their business performance.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.1035-1046
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• 2020

This study aims to find empirical evidence of causal relationship between strategy type, market orientation, strategic management accounting (SMA) strategic costing technique, and financial sector performance of private universities in Indonesia. The research object in this study are private universities in Yogyakarta, Indonesia. Yogyakarta is chosen because universities there are one of the barometers of higher education in Indonesia, and the city has quite a number of universities. The respondents in this study are the leader (manager) of private universities in Yogyakarta, Indonesia. The data analysis is done using SEM-PLS with WarpPLS 3.0 software. The results of this study show that market orientation has significant influence on the development and implementation of SMA strategic costing technique, while strategy type does not have significant influence on the development and implementation of SMA strategic costing technique. This study also finds that the implementation of SMA strategic costing technique significantly influences the financial sector performance of private universities in Yogyakarta, Indonesia. This study provides theoretical implication regarding SMA development in universities that consider that contingency factors (market orientation) can encourage increased organizational performance. It indicates support for contingency theory that states there are no general principles that apply to all situations.

• 한국산학기술학회논문지
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• 제22권6호
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• pp.484-491
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• 2021

본 연구는 최근 전통시장의 디지털 전환의 시도로 진행되는 전통시장 배달 앱(application; app)의 성공요인을 파악하고자 시행되었다. 연구를 위해 전통시장 배달 앱의 성공요인을 앱의 시스템 특성, 배송 특성, 상품 특성, 고객 응대 특성의 4가지로 설정하고 운영성과와의 관계를 실증분석 하였다. 전통시장 배달 앱을 이용한 영업활동을 하고 있는 상인 148명을 대상으로 설문을 진행하였으며, 연구 결과 앱의 시스템 특성, 배송, 상품판매와 관련한 판촉활동은 운영성과에 정(+)의 영향을 미치는 것으로 나타났으며, 고객 응대와 관련해서는 유의한 결과를 얻지 못하였다. 이는 일부 배달 앱의 경우 고객의 리뷰를 확인하고 대응할 수 있는 메뉴가 탑재되어있지 않아 나타난 결과로 해석할 수 있다. 전통시장 배달 앱이 시행의 초기 단계이고 점진적으로 확대되어가는 현 상황에서 전통시장 배달 앱의 특성을 파악하고 운영성과에 미치는 영향을 분석하여 전통시장 배달 앱의 개발 지표를 만들고 디지털 전환을 통한 전통시장 활성화에 기여하는 데 본 연구의 시사점을 두고 있다.

• 통상정보연구
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• 제11권4호
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• pp.183-214
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• 2009

We identify key theoretical approaches, constructs, and primary variables of interest that exist in the foreign market entry mode articles. This provides fertile ground for continued development in our foreign market entry mode research. Using the integrated framework, this paper examines the determinants of foreign market entry mode choice by Korean firms and the impact of the entry mode choice on performance in a unified model. Using a database of KIS-VALUE in Korea from 2003 to 2005, we find that the hypothesized effects of related factors on entry modes are partially supported.

• 한국조리학회지
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• 제11권3호
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• pp.56-69
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• 2005

The world is changing so rapidly and being globalized and competitive. Also, food service companies in Korea have been making a speedy growth. In order that food service companies ran take long-term viability, they should introduce the market-orientation concept. Because market-orientation requires to investigate the factors of ever-diversified market environment on a regular basis, they can build up more detailed, practical and differentiated strategies than before. Thus, this study aimed to establish that the strategy of competitive edges based on the concepts could yield excellent marketing performance.

• East Asian Economic Review
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• 제25권2호
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• pp.125-150
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• 2021

The paper investigates investor sentiment's role in boosting Japanese companies to enhance their environmental, social, and corporate governance (ESG) performance. Using ESG scores of 367 firms between 2005 and 2019 from the ASSET4 database, we find that negative sentiment in the previous year, both firm and market level, can be a stimulation for the company's commitments to its ESG activities next year. Notably, the moderating effect of the business sector and economic cycle on the sentiment-ESG inference are detected in our study differentiating between corporate and market sentiment, which have never been reported before. In detail, we discover that the impact of firm-specific sentiment is less pronounced for high-sensitive ESG firms. On the other hand, the driving force of market sentiment on corporate social behaviors weakens when economic recessions happen. Our results are robust after controlling for potential endogeneity issues and using alternative proxies for market sentiment.

• KDI Journal of Economic Policy
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• 제32권1호
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• pp.97-129
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• 2010

본고에서는 2002년 1월에서 2008년 12월까지 존재한 국내 주식형 펀드를 대상으로 하여 투자성과를 평가하고 마켓타이밍 능력의 존재 여부를 검토하였다. 주요 분석 결과는 다음과 같다. 첫째, 모든 투자비용을 공제한 순수익률 기준 펀드의 초과성과는 0과 다르지 않았다. 둘째, 투자비용이 공제되기 이전 총수익률 기준 펀드의 초과성과는 통계적으로 유의하게 0을 상회하였다. 특히, 보수수준과 초과성과 간에는 양의 상관관계가 있는 것으로 나타났다. 셋째, 보수수준이 높은 그룹에서 발견된 양의 초과성과를 마켓타이밍 능력과 주식선별능력으로 구분하는 추정을 실시하였으나, 추정 결과는 일의적인 해석이 곤란하였다. 분석 결과는 일단 Grossman and Stiglitz(1980)가 상정한 정보비용이 존재하는 효율적 시장가설과 일치한다. 그러나 보수가 높은 펀드의 초과성과 창출요인이 밝혀지지 않았으므로 이 해석의 타당성에 대한 결론적 언명은 추가 연구를 필요로 한다.

• 한국산학기술학회논문지
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• 제12권9호
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• pp.3869-3877
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• 2011

본 연구의 주목적은 기술혁신 유형에 따라 신제품 개발조직의 시장지향성과 창조성이 신제품 성과에 미치는 영향관계를 분석해 보는 것이다. 이를 위해 관련 선행문헌에 대한 종합적인 고찰 결과를 토대로 신제품 개발조직의 시장지향성 및 신제품 창조성 특성으로서 총 다섯 가지 요인을 도출하였고, 이들 영향요인과 신제품 성과, 그리고 기술혁신 유형 변수를 포함한 연구모형을 구축하였다. 설문응답 대상은 기업의 신제품개발 담당자로 한정하였으며, 조사결과 136개 기업으로부터 자료가 수집되었다. 수집된 자료를 토대로 다중회귀분석을 통해 실증분석을 수행한 결과는 다음과 같다. 첫째, 시장지향성과 창조성의 각 요인은 신제품 성과에 긍정적인 영향을 미치는 중요인 특성요인으로 밝혀졌다. 둘째, 기술혁신 유형에 따른 신제품 성과 영향요인의 차이에 관한 분석을 수행한 결과, 연속적 혁신에서는 시장지향성 요인이, 불연속적 혁신에서는 창조성 요인이 상대적으로 높은 영향을 미치는 것으로 밝혀졌다. 이상의 연구결과를 토대로 논의와 시사점을 제공하였다.