• Journal of Korean Society of Rural Planning
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• v.26 no.3
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• pp.25-38
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• 2020

The purpose of this study is constructing a regional-level crop acreage choice model incorporating the impacts of producer risk aversion, and applying the constructed model to the Korean policy that promotes rice paddy conversion into non-rice crop fields. The study adopts the approach of Paris (2018) which estimates the absolute risk aversion coefficient inside of a positive mathematical programming model. A panel data set of 143 cities/counties is used for the empirical study where agricultural land in each region is allocated to 8 crops. Our estimated absolute risk aversion coefficients are smaller than those of Paris (2018), but are a little bit larger than those of the existing Korea studies based on survey or econometric methods. We found that there are close relationships among the estimated risk aversion, regional characteristics, and farming patterns. We also found that incorporating the estimated risk attitudes results in substantial differences in the impacts of the rice paddy conversion policy.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.201-211
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• 2021

This study aims to analyze the determinants of macroeconomic and institutional stability on the development of the global sukuk market by controlling the effects of population. This study uses panel data namely GDP per-capita, exchange rate, and inflation as the proxies for macroeconomic stability sourced from the World Development Index, and six dimensions of Worldwide Governance Indicators (WGI) as institutional proxies sourced from WGI-World Bank. To make robust the relationship between macroeconomics and institutional on the global sukuk market, the population (POP) variable was included as a control variable. The development of sukuk uses a proxy for sukuk issuance in the International Islamic Financial Market, for the annual period from 2002-2017. The data was analyzed using the General Method of Moment, and the results show that by controlling the population effects that proved to be significant, GDP per-capita and the rule of law have a significant impact on the development of sukuk, especially when incorporating population effects as control variables, whereby further ascertaining the effect of each macroeconomic-stability variable and institutional stability on sukuk development, especially inflation, found not to affect sukuk development. These results also confirm the previous findings, whereby inflation remains controllable at a certain level for economic development.

• The Journal of Industrial Distribution & Business
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• v.12 no.1
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• pp.7-13
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• 2021

Purpose: Unemployment in its general form is a result stemming from the decisions of workers to search for a new and better paying job. In this study, the view that unemployed workers were not simply desiring any job, but one that would maximize their expected future outcome, was examined. Research design, data, and methodology: In order for collection of data and analysis, the panel dates of individual applications for job openings on job search websites were utilized to examine search effort and period for individuals. Results: It was found that the number of applications sent by a job seeker declined over their period of job searching, and that job seekers over a long duration of time tend to send relatively more applications per week throughout their entire search period. The latter finding contradicts the implications of the standard labor search effort models. Conclusions: It can be observed that these job search models fail to capture several key elements in search efforts, and that the search time for an offer is not entirely predetermined by the labor market conditions and socio-economic (individual) characteristics of the searcher. It can be shortened as he or she intensifies their job search efforts.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.383-390
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• 2021

This study investigates the effect of shareholders' rights, disclosure, and transparency on firm value. This study also investigates whether corporate social responsibility (CSR) is pure moderation or quasi moderation in the effect of shareholders' rights, disclosure, and transparency on firm value. This study's novelty is building a model framework to increase firm value and the role of CSR in increasing firm value. This study used secondary data provided by Indonesia, Malaysia, and Thailand Stock Exchanges. The sample of this study is 142 companies with four years of observations from 2012-2015. Firm value is measured by Tobin's Q. While shareholder's rights, disclosure, and transparency are measured using the ASEAN scorecard. The analysis method used in this study is a fixed effect model using a panel data approach. The result of this study shows that shareholders' rights have a significant positive effect on firm value. However, disclosure and transparency do not affect firm value significantly. In comparison, the CSR disclosure has a moderation effect on the relationship between shareholders' rights and firm value. The CSR disclosure does not have a moderation effect on the relationship between disclosure and transparency and firm value.

• Asia-Pacific Journal of Business
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• v.12 no.1
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• pp.87-100
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• 2021

Purpose - This study aims to examine the antecedents of willingness to pay in the domain of duty free shop. Design/methodology/approach - This study chooses willingness to pay as explained variable. The candidates of explanatory variables are price fairness, brand awareness, employee service, product diversity, and crowding. This study uses survey to explore the linear relation between variables. This research collected data using online panel data collection service. The number of valid observation is 265. The research targe is Lotte duty free store. Statistical analysis was for statistical inference. To attain the information of survey respondents, frequency analysis is employed. Next, this study implemented exploratory factor analysis and reliability to ensure both validity and reliability of measurement items. This study executed multiple regression analysis to test research hypotheses Findings - Regrading results, brand awareness, employee service, and product diversity are positively associated with willingness to pay of duty free shop product. Moreover, the results of regression analysis suggest the inverted-U shape association between crowding and willingness to pay. However, price fairness appeared as non-significant variable to account for willingness to pay in the multiple regression analysis. Originality - This study contributes to the literature by examining duty free shop customers more.

• The Journal of Asian Finance, Economics and Business
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• v.10 no.2
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• pp.135-143
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• 2023

This study seeks to ascertain whether publicly listed Jordanian corporations (listed on the Amman Stock Exchange (ASE)) exhibit accounting conservatism and whether such companies distribute dividends to stockholders. Furthermore, this study delves into the implications of accounting conservatism on dividend policy in the context of the quality of financial statements of publicly listed Jordanian companies listed on the ASE. To accomplish the aims of this study, the Quality of financial reporting is treated as a moderator for the relationship between accounting conservatism and dividend distribution. Hence, a panel data approach was utilized, which encompasses cross-sectional data for 95 industrial and service establishments for the period (2013-2017). The study found that accounting conservatism has a negative impact on dividends and that there is no difference in the impact of accounting conservatism on dividends based on the quality of financial reports. The study concluded with a number of recommendations, the most salient of which is the need for companies to enhance their concentration on accounting conservatism and adopt a suitable policy for dividends. Thus, this research provides an insights into the financial practices of Jordanian publicly listed corporations and highlights the need for a more informed decision-making process concerning dividends and accounting practices.

• Asia-Pacific Journal of Business
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• v.15 no.3
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• pp.495-507
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• 2024

Purpose - The purpose of this study was to analyze the impact of cultural distance, economic distance, and geographic distance on the export of Korean broadcasting programs by using data from 2013 to 2022 between Korea and nine regions in the Asia-Pacific. Design/methodology/approach - This study conducted a panel regression analysis using pooled cross-sectional time series data extracted from a ten-year dataset of nine Asia-Pacific regions: Japan, China, Taiwan, Singapore, Hong Kong, Vietnam, the Philippines, Indonesia, and Thailand, which are the main export destinations for Korea broadcasting programs. Findings - Firstly, economic and geographic distance, key determinants in the traditional gravity model, were found to significantly influence the export of Korean broadcasting programs. Secondly, while cultural distance showed a positive correlation with the export value of Korean broadcasting programs, an non-linear inverted U-shape relationship was observed when considering the squared term of cultural distance. Research implications or Originality - The findings of this study contribute to the existing literature by providing empirical evidence that the factors influencing the traditional gravity model remain significant determinants of Korean broadcasting program exports. While previous studies have primarily emphasized economic variables, this study underscores the importance of cultural factors in explaining the export of Korean broadcasting programs.

• Korean Journal of Construction Engineering and Management
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• v.17 no.5
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• pp.71-77
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• 2016

Solar energy is a viable source to replace fossil fuels. However, challenges associated with site selection for solar panel installation inhibit the uptake of solar energy systems. Expressway slopes offer a potentially attractive alternative for solar panel installation for the following reasons: expressway slopes are vacant public sites, they are abundant (about 4,193km in South Korea), and they are linear in nature. Traditoinally when selecting sites for solar systems conventional surveying methods are employed. Unfortunately, these methods can be dangerous, time consuming, and labor intensive. To overcome these limitations of conventional site selection methodologies, we propose an automated approach using numerical maps. First, contour and expressway polylines are extracted separately from numeric maps. The extracted contour lines are then converted into a digital terrain model; this is used to calculate aspect and slope information. Next, the extracted expressway lines are projected onto a binary image and refined to recover the disconnections, and then applied to create a buffer zone to narrow the search space. Finally, all data sets are overlaid to identify candidate sites for solar panel systems and are visually verified through comparisons with aerial photos.

• Journal of Labour Economics
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• v.44 no.2
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• pp.33-69
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• 2021

This study estimates the employment relationship of domestic and foreign workers by establishing 16 municipal and provincial panel data for the period 2010-2018. It attempts to analyze industry-specific (manufacturing and construction), scale-specific (5-29, 5-29, 5-299 and 5 above) and uses the foreign worker's national share (foreigner's concentration index) as an instrumental variable to control the endogeneity of foreign workers. Finally, it compares the results of panel GLS, which does not consider the endogeneity of foreign workers, with the results using instrumental variable method that considers it. As a result of the analysis, the complementary relationship between domestic and foreign workers was confirmed in the panel GLS analysis. However, although the employment relationship between domestic and foreign workers was not statistically significant in the instrumental variable method, the analysis of the combination of manufacturing and construction industry showed a statistically significant substitute relationship. This study is highly regarded for the first time in Korea that an instrumental variable method was created to identify and control the endogeneity of foreign workers in estimating employment relationships between domestic and foreign workers.

• Environmental and Resource Economics Review
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• v.33 no.2
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• pp.159-178
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• 2024

This study aims to assess the direct and indirect impacts of local fiscal expenditures on water quality. Panel data spanning from 2010 to 2018 for 173 cities and districts in Korea are assembled, and a two-stage dynamic panel model is utilized for our estimation. The empirical findings reveal several key insights. Firstly, local fiscal expenditures on water quality are effective in ameliorating both Biological Oxygen Demand (BOD) and Total Phosphorus (T-P). Notably, the direct impact on T-P surpasses that on BOD in the short and long run. Secondly, expenditures dedicated to water quality improvement demonstrate a positive effect on local economic growth, and an inverted U-shaped relationship is observed between BOD and local economic growth. Due to the positive linkage, the indirect effect on BOD suggests, on average, a deterioration in water quality during local economic growth. Thirdly, concerning BOD, the direct effect of government expenditure on water quality improvement outweighs the indirect effect, but in the case of T-P, the indirect effect is not significant, and the total effect is solely determined by the direct impact. Despite local fiscal expenditures potentially exacerbating water quality through regional economic growth, the study finds that the direct enhancement of water quality remains a more substantial factor in the short and long run.