• Journal of Distribution Science
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• v.14 no.5
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• pp.5-16
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• 2016

Purpose - This study was to empirically validate the mediating roles of psychological ownership and learning goal orientation in the relationships of managerial coaching behaviors and organizational citizenship behaviors/creative behaviors of employees. Research design, data, and methodology - A total of 270 employees in the Korean distribution industry were surveyed on-line, and the results were analyzed using confirmatory factor analysis and structural equational modeling. Results - The study confirmed prior research results that managerial coaching behaviors were related positively to employees' psychological ownership and learning goal orientation, both of which were associated positively with their organizational citizenship behaviors and creative behaviors respectively. It revealed the complete mediating effect of psychological ownership between managerial coaching and organizational citizenship behaviors and that of learning goal orientation between managerial coaching and creative behaviors. Conclusions - Psychological ownership was found to play an important role in the relationship between managerial coaching behaviors and organizational citizenship behaviors. It gives some practical implication regarding the higher turn-over intention rate of the distribution industry, in that promoting psychological ownership through managerial coaching behaviors could reduce the turn-over intention rate.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.749-759
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• 2021

We investigate the relationship between ownership control disparity and future firm value in high-technology industries, and whether the effect of ownership control disparity on future firm value is differentiated when high-tech industry firms belong to chaebol groups. Using 11,848 firm-year observations of Korean firms listed on the stock market from 2006 to 2019, we employ univariate analysis and Heckman 2 stage analysis to test our hypotheses. We define high-technology industries as ICT industries based on the Korean Standard Industrial Classification. We measure future firm value using average Tobin's q for the next three years and ownership control disparity using the shareholding ratio of affiliated companies. Our univariate test results show that mean of Tobin's q is higher in ICT firms than non-ICT firms and firms largely owned by affiliates. In multivariate test, we find that the ICT firms with higher ownership control disparity are positively associated with future firm value. However, this association is lessened when firms belong to a chaebol group. Based on our findings, we suggest ownership control disparity has an additional positive effect on future firm in high-technology industries. The negative impact of chaebol groups on the association suggests the possibility of diversification discount in business group.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.4
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• pp.251-259
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• 2022

This study investigates the impact of ownership structures and audit quality on carbon emission disclosure. It also examines how audit quality affects the relationship between ownership structures and carbon emission disclosure. This research includes 106 standalone sustainability reports from non-financial companies that were listed on the Indonesia Stock Exchange (IDX) between 2015 and 2018. Our findings show that family and concentrated ownerships convey less information about carbon emissions. Our results fail to demonstrate that disclosure of carbon emissions could be a corporation's approach to respond to stakeholder pressure and public visibility and to provide legitimacy for its existence. We also find a positive and significant association between high-quality (Big4) auditors and carbon emission performance. Our further result suggests that Big4 auditors seem to compromise their high standard quality on auditing family and concentrated ownership firms. They fail to influence their family and concentrated ownership clients to be socially responsible. Policymakers should support the existence of Big4 auditors as a driver of carbon emission performance. Top management should be proactive to tackle carbon emission issues by adopting stakeholder-driven mechanisms and establishing legitimacy with society. Nevertheless, the involvement of family and highly concentrated shareholders in decision-making processes and information disclosure should not be encouraged.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.19 no.38
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• pp.97-104
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• 1996

This study is to empirically analyze the relevance between ownership structure and corporate value. This Study took 285 corporations listed in Korea Stock Exchange from 1990 to 1994 as samples. The result of this analysis is summerized as follows: Insider-inquiry ratio of corporation in Korea has been positively corelated with corporate value while it has been negatively corelated if the ratio is over 25%. This study intended to present desirable implications for seperating the management from ownership in Korea.

• Management & Information Systems Review
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• v.31 no.1
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• pp.45-63
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• 2012

The purpose of this study is to investigated the association between the percentage of common stock held by a company's CEO and measure firm performance in down and up markets. We found that managerial ownership is associated positively with firm performance. We also found that although firms with high insider ownership generally outperform other firms, this relationship is diminished in down markets and is increased in up market. These results suggest that investment strategies based on the assumption that high insider ownership is associated positively with financial performance may be faulty in declining market.

• Journal of East Asia Management
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• v.5 no.2
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• pp.47-63
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• 2024

Following the thematic inspections conducted by the Financial Supervisory Service in 2017 and 2018, there has been increasing interest in the capitalization of R&D expenditures. Companies can record R&D spending as intangible assets, thereby inflating assets on the balance sheet and relatively reducing the debt ratio. Additionally, by not expensing R&D costs in the current year, operating profits for that year appear higher. If the capitalization of R&D expenditures aligns with the original purpose of K-IFRS, it can serve as an indicator reflecting the company's technological capabilities and growth potential. However, there is a risk that management might excessively capitalize R&D expenditures to overstate the company's financial health, contrary to the intent of K-IFRS. This temptation might be particularly appealing for smaller companies. From this perspective, this study examines the relationship between R&D capitalization ratio and long-term financial performance of small and medium-sized enterprises (SMEs) in South Korea. Furthermore, it identifies a moderating variable that may influence this relationship. Specifically, building on previous research suggesting that discretionary R&D capitalization can be monitored and controlled through good corporate governance, this study hypothesizes that foreign ownership positively moderates the relationship between R&D capitalization ratio and financial performance. In summary, excessive R&D capitalization in SMEs may deteriorate their long-term financial performance; however, this effect can be mitigated in the presence of high foreign ownership, which indicates superior governance structures. To test this hypothesis, the study collected 3,060 observations from 687 listed companies in South Korea from 2011 to 2017. Empirical analysis revealed that higher R&D capitalization ratios in SMEs are associated with decreased long-term financial performance, and this relationship is less pronounced with higher foreign ownership. Based on these results, the study offers various theoretical and practical implications.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.4
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• pp.667-675
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• 2016

The goal of this study is to be used as baseline data for transportation demand management. At the present time the number of registered car and householding car is increasing, so there is a need to analyze the car ownership pattern through household car hold status. Also, it is necessary to analyze the factor of increasing car. The research is proceeded with classifying as the household which is holding private cars or holding passenger cars and non passenger cars based on the result of the research of the household travel survey data. The result of this study is shown as follows. According to car ownership pattern, there are more households holding passenger cars only when they are holding less than 2 cars. Otherwise there are more households holding passenger car and non passenger car when they are holding more than 3 cars. Using the Ordered Logit Model, there are more differences in factors affects holding cars by variables of housing type and household properties.

• Journal of Korea Multimedia Society
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• v.16 no.12
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• pp.1413-1426
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• 2013

RFID thecnology has been widely adopted by industries for supply chain management. When a product item is manufactured RFID tag is attached to the product item and supply chain management among factories, distributors, retailers and customers needs to handle ownership transfer for the product item carefully. With RFID technology, the secure and efficient ownership transfer protocol is an important issue for the identification of product items and the overall system efficiency on supply chain. Many ownership transfer protocols have been proposed now. They have security problems and use complex operations such as encryption operation and hash function. Lo et al. proposed a protocol using lightweight operations such as shift, addition, XOR, and random number generation[1]. However, this protocol has a security problem in which the secret key between the tag and the new owner is disclosed to the attackers, and it is also weak against the Fraud attack[2]. In this paper, we propose a new ownership transfer protocol using lightweight operations such as shift, addition, and random number generation. This protocol is the modified version of Lo et al.'s protocol and is secure against the security attacks.

• Culinary science and hospitality research
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• v.16 no.4
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• pp.53-63
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• 2010

This study intends to examine the effect of hotel culinarian's psychological ownership based upon social exchange relations on his job satisfaction and organizational commitment. There are main results in this research focusing on deluxe hotel restaurants culinarian's in Seoul. The results of analyzing the data obtained from an empirical analysis were as follows: First, the more they perceive team-membership exchange relations and organizational support, the higher rises their psychological ownership. Second, the mire they perceive organizational support, the higher goes their job satisfaction. Third, the more they perceive team-membership exchange relations, leader-membership exchange relations and organizational support, the more they commitment themselves to their organizations, Fourth, the mopre they have psychological ownership, the higher increases their job satisfaction. Fifth, the mire they have psychological ownership, the higher rises their organizational commitment.

• The Journal of the Korea Contents Association
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• v.19 no.4
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• pp.394-402
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• 2019

This study examines the effect of managerial ownership on the value of firms' cash holdings. According to the management entrenchment hypothesis, managers have incentives to make decisions that can undermine shareholders' value for their own private interests. In this situation, as the managerial ownership increases, investors may evaluate that the cash held by the company may be utilized inefficiently and the value of the cash holdings may decrease. On the other hand, based on the incentive alignment hypothesis, the value of cash holdings may increase as investors perceive cash holdings to be effectively used to increase corporate value as managers' interests are in agreement with shareholders. Empirical results show that the value of cash holdings decreased as managerial ownership increased. This study finds a contribution in that it presents empirical evidence on whether the cash held by the company is differentially evaluated according to the level of the managerial ownership.