• International Journal of Advanced Culture Technology
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• 제12권2호
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• pp.43-50
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• 2024

Foreign scholars pointed out that the root of the Korean economic crash was A Study on Corporate Social Responsibility and Moral Management due to the government's excessive regulations, the harmful effects of government finance, and the high-cost political structure. Despite the need to ease the rigidity of governmental finance and various regulations and operate the financial system through autonomous market mechanisms, it was argued that various bribes, express fees, and collusive lobbying funds were inevitably generated due to discretionary acts of bureaucrats with licenses and permits, complicated administrative procedures and systems, and regulatory changes in government policies. In fact, in developing countries, corruption was a necessary evil for economic development and was seen as a lubricant in economic management. The purpose of this study is to study the social responsibility and corporate ethics of chaebol. First: consider the problems of large corporations. Second, We will consider the direction and policy of corporate ethics. This paper sheds light on the ethical management of the Korean chaebol, considering that corporate ethics and transparency for the social responsibility of chaebols are important

• 무역상무연구
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• 제36권
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• pp.195-262
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• 2007

This paper attempts to assess the Basel Committee's bank supervisory standards and capital adequacy rules, and thereby rethink whether global convergence in banking regulation is desirable. To that end, it seeks to address the impetus for the creation of the Basel Committee, and explore driving forces behind the internationalization of bank regulatory and supervisory standards. Following the historical and theoretical analysis of the internationalization of bank regulatory standards, the movement toward global standards in banking is reviewed. More importantly, this paper seeks to explore the origins of the Basel Accord on bank capital adequacy. To do so, it largely relies on current theories on the process of negotiating the capital adequacy standards in the areas of political science and international political economy. At this point, this study takes a position as a break against the force of international market failure logic that has enjoyed an exceptionally positive reception among economists, political scientists, and legal experts. Nonetheless, it does not intend to freeze the international coordination and cooperation of banking regulation. Given the understanding of the politics behind the creation of the Basel Accord, this paper evaluates the Basel Accord of 1988 and the new capital adequacy framework(Basel II), and then moves beyond the assessment of the capital adequacy standards In doing so, this study draws lessons from Basel in search of a just world order in the global finance.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.185-195
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• 2020

This study examines the association between governance quality at country level and stock market performance. Specifically, the study investigates the influence of control of corruption, government effectiveness, political stability and absence of violence, rule of law, regulatory quality, and voice and accountability on all-share index of the stock markets of the six Gulf Cooperation Council (GCC) countries. This study is anchored on two theories - the Efficient Market Hypothesis (EMH) and Institutional Theory. The study employs panel data spanning from 2006 to 2017. The findings show that political stability and absence of violence and rule of law exhibit a significant positive impact on stock market performance, while regulatory quality and voice and accountability have a significant, but negative relationship with stock market performance. The results imply that quality of governance in terms of rule of law and political stability devoid of violence have strong impact on stock market returns. Similarly, improved stock market returns are largely dependent on the efficiency of the institutional environment of market as investors are always wary of the inherent risks associated with the uncertainty of the market. This study has crucial policy implications for the government of the GCC countries and stock market participants.

• The Journal of Asian Finance, Economics and Business
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• 제9권4호
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• pp.419-429
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• 2022

The aim of this research is to examine how globalization affects coffee exports in the producing countries. This research used secondary data obtained from the International Coffee Organization, Pen World Table, World Bank, Food and Agricultural Organization, and KoF Globalization Index to achieve its goals. We used secondary data from 1990 to 2018 from various foreign databases. The research used a two-step system GMM (sys-GMM) to analyze the effect of globalization on coffee export in twenty-four producing countries. We found that export lag, gross domestic product (GDP), exchange rate, and the political globalization index (PGI) positively and significantly impact coffee exports. Meanwhile, coffee exports were unaffected by the level of export prices and the human capital index. Surprisingly, the trade globalization index has a negative impact on coffee exports. This demonstrates the unpreparedness of coffee-producing countries to face tough competition in trade globalization. The political globalization index, the final variable, has a positive impact on exports. With the opening up of world politics, it seems that the environment of democracy in producing countries is increasing. As a result, governments in these countries have adopted a policy of aggressively supporting coffee exports.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.421-431
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• 2021

This study investigates the empirical linkages between ASEAN countries' institutional quality and financial inclusion using country data from 2008-2019. In this paper, six governance indicators from the World Governance index are used to measure the impact of institutions on financial inclusion. The PCA method's financial inclusion index is constructed from 3 indicators: penetration, access, and usage: penetration, access, and usage with six indices respectively as the number of ATMs per 1000 km², the number of bank branches per 1000 km², the number of ATMs per 100,000 people and the number of bank branches for 100,000 adults, the ratio of credit to private to GDP, and the ratio of deposit to private to GDP. Regression analysis with the Generalized Moments method shows the positive impact of institutions and other control variables like GDP per capita, inflation, bank concentration, and human development index on financial inclusion. Therefore, this study recommends that the government and policymakers in countries pursue the financial inclusion agenda to pay attention to the financial and economic indicators and institutional factors. This is because many savers, borrowers, and investors may not be protected when financial contracts are enforced or breaches occur in an environment where economic, legal, judicial, and political institutions are weak, such as in ASEAN countries.

• 디지털융복합연구
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• 제11권8호
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• pp.1-10
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• 2013

정치캠페인에서 유권자들의 표심(share of mind)을 읽는 중요성이 증가함에도 불구하고 인게이지먼트(engagement)를 정치캠페인 관점에서 분석한 연구가 없다. 따라서 본 연구의 목적은 인게이지먼트적 관점에서 정치캠페인의 후보자 몰입(immersion)에 대한 질적지표인 정치인게이지먼트 지수(Political Engagement Index : PEI)산출을 통해 정치광고홍보 전략을 위한 과학적 자료를 제공하고자 한다. 이를 위해 2012년 12월 19일 제 18대 대통령선거에 출마했던 A, B 두 후보자를 대상으로 삼았다. 설문지 응답 대상은 이번 대선에서 이외로 투표 참여율 낮은 젊은 층에게 설문하였다. 본 연구는 광고, 홍보, 정치여론과 시청률 등의 정량적 평가를 뛰어 넘어 질적 내용분석이 갖는 제한점을 보완하고자 하는 정성적 평가이다. 평가속성은 8개 유목에 PEI는 0~100점 사이에 분포하도록 설계하여 PEI 가 50 이상이면 보통 이상의 몰입, 50 이하면 보통 이하의 몰입도 의미하도록 했다. 본 연구의 모형은 정치캠페인전략의 방법론적 연구발전에 기여하게 될 것이다. 또한 향후 각 정치캠페인의 선거전략에서 이를 마이크로 타깃팅으로 활용할 수 있을 것이다.

• 사회경제평론
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• 제31권1호
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• pp.25-61
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• 2018

올해로 한국사회경제학회(약칭 한사경)와 같은 해에 태어난 87년 체제는 역사적 종말을 고하게 되었다. 한사경 창립 30주년을 맞이하여 본 논문은 지난 10년간의 한사경 연구동향을 정리하였다. 이러한 정리는 새로운 체제 속의 한사경의 진로 모색에 일조할 것으로 기대한다. 지난 10년간 주요 연구동향은 다음과 같다. 2007년 미국의 서브프라임모기지 사태로 비롯된 글로벌 금융위기는 글로벌 경제위기로 확산되면서 경제학의 위기마저 초래하였다. 한사경은 경제학의 위기에 대처하면서 불평등의 경제학의 연구에 집중하면서 정치경제학 뿐만 아니라 다양한 접근과 방법론으로 주류경제학을 비판하였다. 그러나 지난 10년간의 보수정권 하에서 진보경제학의 전선이 퇴각하면서 진보경제학은 지식재생산의 위기를 겪으면서 주변화 되어 갔다. 새로운 체제가 들어서면서 전선의 복구 이상으로 중요한 것은 새로운 체제와 시대에 조응하는 진보경제학으로 거듭 나는 것이다. 이것은 우리나라의 유일무이한 진보경제학의 종합학회로서 한사경의 책임이기도 하다.

• Journal of Korea Trade
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• 제24권8호
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• pp.63-80
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• 2020

Purpose - Recent empirical studies have shown that FDI is expected to be strongly associated with democratic governance, political stability, and sound macroeconomic conditions of the host country. We attempt to take it a step further to see if governments implement a major change in institutional characteristics, will the institutional reform toward better governance have a substantive effect in enhancing FDI inflows. This paper thus aims to analyze the importance of good governance as an important factor in the attractiveness of FDI inflows in ASEAN+3 (Korea, China, Japan) countries. Design/methodology - To determine the effects of good governance on FDI inflows across ASEAN+3 countries recorded between 1996-2018, the Worldwide Governance Indicators (WGI) are used to investigate the impact of good governance on FDI inflows. The model has been estimated by using fixed effects to show the robustness of the results. Findings - Our main findings can be summarized as follows: Political Stability, Rule of Law, and Voice and Accountability have a statistically significant impact on the inflow of FDI in the ASEAN+3 Countries, especially for Korean economy. Moreover, GDP growth continue to exert their positive influence. However, Regulatory Quality, Government Effectiveness and Control of Corruption, though equally important, are insignificant to attract FDI inflows. The key finding is that good governance has a significant impact on inward FDI in the ASEAN+3 countries. Originality/value - Existing studies focus on the impact of political factors on FDI across countries. This paper instead attempts to investigate which type of good governance is the most important in promoting FDI inflows across ASEAN+3 countries, which is essential for multinationals to consider when choosing a foreign site as a possible FDI destination.

• 사회복지연구
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• 제47권1호
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• pp.291-315
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• 2016

본 논문은 민주화 이후 정치행위자들의 의료민영화 및 의료공공성 관련 정치적 행위를 경험적으로 분석하였다. 이를 위하여 1993년부터 2012년까지 주요 일간신문을 활용하여 내용분석하였다. 분석결과 첫째, 민주화 이후에도 정당이 국민의 요구를 수렴하여 주도적으로 정책을 결정해 나가지 못하였으며 정당은 보수적인 성향이 강하였고 일관된 정책적 이념지향성을 보이지 않았다. 둘째, 민주화 이후 공공의료 이슈에서 시민운동의 역할이 커졌음에도 불구하고 정부의 역할에 비해서는 작았다. 시민대중운동의 공공의료 발전에 대한 기여도가 대통령과 경제부처의 민영화에 대한 영향력을 상쇄할 정도는 아니었다. 셋째, 민주화 이후 김대중, 노무현, 이명박 정권 모두에서 공공의료 발전과 민영화가 함께 진행되었다. 민주화 이후 복지국가의 성격이 질적으로 변화했다고 보기 어려우나 정권별 대통령의 이념성향, 복지부의 역량, 민영화 주도 부처의 종류의 차이에 따라 복지국가 발전 정도가 달랐다.

• The Journal of Asian Finance, Economics and Business
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• 제7권9호
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• pp.209-217
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• 2020

The purpose of this study is to investigate the development and determinants of China-ASEAN trade relations over the period of 2000-2018. Employing both the qualitative and quantitative approaches, the results show that the trade relations between China and the Association of South East Asian Nations (ASEAN) have remarkably developed and rapidly grown over times, with a significantly important concentration on the segments of high technological and medium technological products. We also find that China's economic scale is crucially impacting on the China-ASEAN trade relations under both the aggregate and sub-sector level. It is interesting to notice that there is no evidence to support accession to the World Trade Organization (WTO) and officially forming of ASEAN-China Free Trade Agreement (ACFTA) to enhance trade relation between both sides. The findings also quantitatively indicate that there is much significant potential for the expansion of mutual trade between China and some members of ASEAN such as Brunei, Laos and Malaysia, while less potential is predicted for other members of ASEAN. It is strongly suggested that China and ASEAN should find a new proactive approach and make more efforts in improving the mutual political trusts to enhance trading activities in the coming years.