• 지식경영연구
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• 제20권1호
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• pp.231-249
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• 2019

Technology transfer from a multinational company to a local subsidiary is essential for successful local market operations. This study aims to analyze the impact of market, cultural and institutional environmental factors on international technology transfer and innovation performance based on the S-C-P paradigm. We collected data from one hundred ninety-five subsidiaries of Korean parent firms located in seventeen countries and used structural equation modeling to test hypotheses. The analysis findings are as follow; First, both market and cultural environment directly affect international technology transfer. However, institutional environment such as protection of intellectual property does not affect international technology transfer. Due to the less risk of technology disclosure involved in technology transfer within the MNE organization can be not relationship between protection of intellectual property in the host country and the foreign subsidiary's transfer of technology. The risk of infringement of intellectual property is relatively low in intra-firm transfer of technology. Second, the technology introduced from the parent company has a positive effect on the innovation performance of local subsidiaries. This implies that multinational companies that have entered unfamiliar overseas markets should be able to effectively transfer the inherent advantages of the parent company to their overseas subsidiaries, and that their ability to adapt to the local environment is important.

• 한국의류학회지
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• 제31권4호
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• pp.507-518
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• 2007

This study aimed to investigate the competitive advantages of Chinese fashion industry and firms to Korean fashion industry by applying the generalized double-diamond theory. Data collection was done by internet and fax survey. Questionnaires were distributed to the Korean textiles and apparel firms who entered China for production anuor distribution. List of firms were provided by KOFOTI, KOTRA, and Korea Apparel Industry Association. Total 198 questionnaires were distributed, and 77 questionnaires were used for final analysis. The results were follows. Korea's competitiveness scores of double-diamond model were higher in every aspects, such as demand condition, infra/supportive industry, firms's strategy and competition except factor condition. Glottalization score in double diamond model measured by the degree of glottalization which was determined by international diamond factors which make firm's multinational/international activities possible. Chinese fashion industry's globalization score of factor condition was significantly higher than Korea, but for the rest of aspects, Korean fashion industry showed higher scores. Therefore, Korean fashion firms can overcome comparative disadvantage of factor condition by utilizing Chinese fashion industry no matter what type of entry. In addition, considering the growth rate of Chinese fashion industry and its power of influence in the world market, the entry to the global market of the Korean fashion industry can be possible.

• 무역학회지
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• 제47권6호
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• pp.97-117
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• 2022

Amid the growing importance and growth potential of venture firms worldwide, this study aimed to figure out the effect of new product development capabilities (NPDC) on the internationalization of Korean venture firms and the moderating impact of founders' human capital. NPDC is a core competency that can cope with the rapidly changing market environment and is required when entering multinational markets. Therefore, we subdivided founders' human capital into professional experience, startup experience, education level, and marketing capacity and examined each moderating effect on a venture firm's internationalization. As a result of empirical analysis of 1,362 Korean venture firms using the Tobit model, this study found that venture firms with excellent NPDC tend to achieve a higher level of internationalization. In addition, among the founder's human capitals, professional experience, education level, and marketing competency moderated the positive relationship between NPDC and internationalization. In contrast, the founder's startup experience was insignificant. The results of this empirical analysis explain the factors that trigger the internationalization performance of venture firms from the perspective of dynamic capabilities and suggest that the founder's human capital played an essential role in the internationalization.

• 국제지역연구
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• 제12권3호
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• pp.293-319
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• 2008

중소벤처기업도 대기업인 다국적기업과 마찬가지로 해외진출시에는 비용이 수반된다. 이러한 외국비용을 해외진출시 당면하는 시간부족, 자금부족, 경험부족, 재무위험증가 등 장애요인과 정보획득비용, 네트워크구축비용, 마케팅비용, 유통비용, 모니터링비용 등 해외진출비용요인, 그리고 현지시장 예측과 조사, 현지기업과의 사전적 공조 등 국제화준비활동으로 정의하고, 이들 요인간 관계와 이들 요인이 경영성과에 미치는 영향을 검증하였다. 분석결과 대만과 한국기업 모두 장애요인이 중요하다고 지각할수록 해외진출비용이 크다고 지각하였다(H1). 그러나 가설과는 반대로 해외진출비용을 중요시할수록 국제화준비활동에 더욱 집중하였으며(H4), 경영성과의 향상에도 유의적인 것으로 나타났다(H5). 한국기업은 장애요인이 중요할수록 국제화준비활동에 박차를 가하는 것으로 나타난 반면, 대만기업은 정반대로 장애요인이 중요하면 국제화준비활동에 소극적인 것으로 나타났다(H2). 또한 대만과 한국기업 모두 해외진출장애요인과 국제화준비활동요인 모두 경영성과에는 유의적인 영향을 미치지 않는 것으로 나타났다(H3, H6).

• 무역상무연구
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• 제38권
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• pp.377-408
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• 2008

Globalization of R&D activities of multinational firms is becoming important in compared with the past, because of increasing globalization of world economy. So, every country tries to attract foreign investment including R&D activities. In this paper, effects of several factors, which determine the scale of foreign subsidiary's R&D activities in local market, are analyzed. Through the review of previous literature, I found that three groups of determinant factors. The first one is the factor which is related to characteristics of local market, such as competitive situation of local market, accessability to research institutions, etc. The second group is the factor which is related to relationship between foreign subsidiary and its mother company. The dominant factors of this group are operation strategy of foreign subsidiary, competitiveness of mother firm, and equity structure of foreign subsidiary. Finally the characteristics of industry affect to the scale of foreign subsidiary's R&D activities. Among these factors, 6 factors are chosen to investigate empirically. For the empirical investigation, 107 foreign subsidiaries among KOITA(Korea Industrial Technology Association)'s list are chosen. Each subsidiary has more than 50% of foreign equity and implement R&D activities in Korea. The results show that sales volume of foreign subsidiary is dominant influencing factor in determining scale of R&D activities in Korean market. And also I found that currently established firms are implementing more R&D activities than old established firms. This is quite interesting finding. However, R&D activities of foreign subsidiary are not vitalized in Korean market. It probably means that Korean government and Korean business partners have to make effort to enhance foreign firms/ R&D activities, because it could contribute technological and economic development of Korean market.

• 통상정보연구
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• 제14권2호
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• pp.3-27
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• 2012

중국의 정치적, 경제적 위상이 급등함에 따라 더욱 더 많은 다국적기업들이 중국 시장을 공략하기 위해 진줄 기회를 엿보고 있다. 특히 한국은 중국과 지리적으로 인접해 있으나 중국시장에 안착하지 못하는 안타까운 사례가 많다. 이에 본 연구는 중국에 진출해 있는 한국 제조 기업들을 대상으로 유통현지적응 정도를 조사하고, 이러한 현지적응에 미치는 영향요인을 문헌 연구를 통해 도출하였다. 146부의 설문지를 분석한 결과 기존의 연구들과는 달리 중국의 유통 환경적인 요인 중에서 유통경로의 길이가 유통 현지적응 정도에 긍정적인 영향을 미치는 것으로 나타났다. 게다가 기업의 전략적 자산 중에서도 유통 관계자산이 유통 현지적응 정도와 정(+)의 관계가 있음이 밝혀졌다. 이러한 결과를 통해 최근 중국 유통시장이 후진국의 수준을 벗어나 세계적인 수준으로 발돋움하고 있음을 알고 중국 시장 진출 기업은 과소평가 하지 않도록 유의해야 할 것이다.

• 통상정보연구
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• 제12권4호
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• pp.363-382
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• 2010

It should be unthinkable to not provide water at survival of any living things. Water is too a basic element for development for a country. Currently, the global market of mineral water is growing rapidly. This study, I conceptualized mineral water as bottled water. In particularly, bottled water has seen huge global growth for the last few years. The annual growth rate of the market in the period 2005-2009 was 5.9%. Following a surge in obesity and subsequent health and wellness trends, many consumers are switching from sugary soft drinks to healthier alternatives. Therefore, the global bottled water market is one area which has big potential for growth, but price competition is getting intensified among multi-national and domestic firms. Korean providers too are faced with strong competition in growing domestic market. The bottled water market has presence of multinational provider like Nestle, Danone and Coca-Cola, which collectively account for 35.1% of the world market share in 2009. On the basis of a market orientation approach, this article looks at changing environments in the world mineral water industry and attempts to describe foreign market entry strategy of the Korean mineral water industry. The market orientation provides strong norms for learning from customers and competitors, is instrumental in creating a superior value for buyers, innovating successfully, and generating excellent firm performance. So firms should consider a strategic planning in basis on market orientation before they enter foreign markets. Some discussions were made about managerial implications for Korean bottled water providers.

• Journal of Korea Trade
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• 제23권3호
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• pp.1-19
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• 2019

Purpose - This research examines the effect of a foreign subsidiary on the productivity growth of a Two-way trading manufacturing firm in Korea. We explore firms engaged in both trade and FDI simultaneously to verify whether participation in GVC as a broad concept is an efficient internationalization strategy to increase the productivity of a Korean manufacturing firm. Design/methodology - Based on the firm-level data by utilizing the Survey of Business Activities from Statistics Korea, we examine the impact of vertically integrated foreign subsidiaries on the productivity of a manufacturing firm that exports and imports simultaneously. Findings - The results show that if a Two-way trading firm establishes one or more overseas subsidiaries, the total factor productivity growth increases. Moreover, the FDI effect is statistically significant when the destination country has an economically close relationship with Korea. However, these effects are disparate depending on the industrial competitiveness or market situation where the subsidiary is located. Nonetheless, the synergy effect resulting from industrial combination is represented in China and the USA only. Originality/value - As the importance of GVC has become more emphasized around the world. In spite of the scarcity of related domestic studies, we explored the effect of multinational manufacturing firms participating in GVC using firm-level data.

• East Asian Economic Review
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• 제26권2호
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• pp.119-142
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• 2022

This paper uses social network theory and the internationalization process model (IPM) to determine how external network linkages influence the location choices of multinational enterprise from emerging economies (EMNEs); specifically, whether past alliance experience influences location choices and its impact on the subsequent entry of MNEs from emerging economies. This paper applies survival analysis using initial and secondary investments from 2,000 Chinese A-share listed companies that entered 90 countries between 1997 and 2018 to analyze both the initial and subsequent entries of Chinese outward foreign direct investments (OFDIs) in major host countries. The findings indicate that an MNE's previous experience with a company from a particular country will increase the likelihood of an initial investment in that country. Previous alliance experience may accelerate the foreign investment process of EMNE and stimulate firms making a commitment to a position in a foreign network, regardless of cultural distance and stage of internationalization. Alliance before initial investment may increase the likelihood and speed of entering a host country as wholly owned subsidiaries and that network linkages not only significantly influence the internationalization process of small and medium-sized enterprises, as indicated by the IPM, but also that of large listed firms.

• 경영과정보연구
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• 제34권1호
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• pp.35-49
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• 2015

최근 기업의 사회적 책임 활동에 대한 학문적 실무적 차원의 논의들은 사회적 책임 활동을 전략적인 측면에서 기업특성 및 경쟁전략들과 연계시키는 통합 전략적 사고의 중요성을 강조하고 있다. 이 같은 관점에서 본 연구는 다국적기업들의 태생적 경쟁열위 요인인 문화적 거리와 이를 극복하기 위한 현지화 전략 간의 관계와 이들 관계에 대한 사회적 책임 활동의 조절효과를 분석하여, 시장 경쟁전략과 비 시장 전략의 상호보완적 관계에 대한 실증분석 결과를 제시하는데 주된 목적을 두고 실행되었다. 중국 시장에서 경쟁하고 있는 대표적인 다국적기업들의 총 3년(2010년-2012년) 간의 자료를 수집하여 다중회귀분석한 결과에 의하며, 다국적기업들이 직면하게 되는 문화적 거리는 시장경쟁 전략인 현지화 전략과 정(+)의 관계가 있는 것으로 나타났고, 다국적기업들의 사회적 책임 활동 역시 현지화 전략과 정(+)의 관계가 있는 것으로 나타났다. 또한 다국적기업들의 사회적 책임 활동은 문화적 거리와 현지화 전략 간의 정(+)의 관계를 음(-)의 관계로 조절하는 것으로 나타났다. 이는 문화적 거리를 극복하기 위한 현지화 전략의 효과가 사회적 책임 활동을 통해 보완될 수 있음을 나타내는 결과이다. 다국적기업들의 경쟁전략과 사회적 책임 활동 간의 보완관계를 분석한 본 연구의 결과는 중국시장에서 경쟁하고 있는 다국적기업들이 효율적인 성과향상을 위하여 시장전략인 현지화 전략과 비 시장 전략인 사회적 책임 활동 간의 균형적인 조정을 실행하고 있음을 보여주고 있다. 또한 다양한 시장전략과 비 시장 전략 간의 통합 전략적 관리방안에 대한 중요성과 미래 연구방향을 제시하고 있다.