• Title/Summary/Keyword: Relationship Exchange

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National Pension Service's Ownership and Accounting Conservatism (국민연금의 지분투자가 기업의 재무보고 방식에 미치는 영향 : 보수주의 회계처리를 중심으로)

  • Lee, Bo-Mi;Ha, Bonggon;Hwang, Juhee
    • The Journal of the Korea Contents Association
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    • v.22 no.4
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    • pp.314-323
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    • 2022
  • This study examines the effecs of National Pension Service blockholders on accounting conservatism. The sample consists of 10,117 non-banking firm-years listed in Korea Stock Exchange(KOSPI) during the period 2011 to 2018. The results of this study are as follows. First, it was found that companies in which the National Pension Service as a major shareholder hold more than 5% of the shares are less prone to conservative accounting treatment than those that do not. Second, such a negative relationship between investment by the National Pension Service and conservative accounting was consistently found even when the investment period of the National Pension Service was divided into short-term (less than 1 year) and long-term (more than 3 years). It is expected that the National Pension Service, the largest institutional investor in Korea, will be able to carry out meaningful management control activities on investment companies. As the monitoring function of the National Pension Service works effectively in the capital market, agency costs are reduced, and investors' demands for corporate conservative accounting have decreased.

Social Media Usage and Social Capital -Focused on Fashion Instagram and YouTube- (소셜 미디어 이용과 사회자본 -패션 인스타그램 및 유튜브를 중심으로-)

  • Park, Juha;Her, Yusun;Lee, Ha Kyung;Chun, Jaehoon
    • Journal of the Korean Society of Clothing and Textiles
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    • v.46 no.1
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    • pp.99-115
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    • 2022
  • The purpose of this study is to explore the benefits of social capital obtained through the use of social media from the perspective of fashion. The study conducted in-depth interviews with 10 women in their 20s who utilized Instagram and YouTube for fashion-related activities. The results show that bonding social capital was related to Instagram and led increasingly to narrow and deep relationships with acquaintances who had already established offline relationships. The study also finds that informational benefit was derived from people who use Instagram image information for smart fashion consumption; in addition, positive feedback on their posts brought the emotional benefit of psychological satisfaction. On the other hand, bridge social capital developed from YouTube users and subscribers. The study discovers that YouTuber public communication or the exchange of opinions leads to an increase in bridge social capital, which is a wide and shallow relationship. Video-based YouTube brought informational benefits as a specific product description, and there were emotional benefits in terms of entertainment while watching videos that combined fashion and entertainment. This report sheds light on individual fashion activities on social media, which is discussed from the perspective of social capital.

Impact of tie strength on knowledge sharing: Focusing on the moderating effect of environmental uncertainty (유대강도가 지식공유에 미치는 영향: 환경불확실성의 조절효과를 중심으로)

  • Jang, Hyunju;Ryu, Sungmin
    • Journal of Digital Convergence
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    • v.20 no.2
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    • pp.141-154
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    • 2022
  • This study aims to investigate how tie strength in business networks affects successful knowledge sharing, as well as the impact of environmental uncertainty on the relationship between knowledge sharing and tie strength. We gathered data through a questionnaire-based survey of 310 employees affiliated with a high-technology industry in Korea. The results highlighted the positive influence of strong ties on tacit knowledge sharing and weak ties on explicit knowledge sharing. Additionally, in this study, we determine that strong ties are strengthened to share tacit knowledge with exchange parties when environmental uncertainty is high, whereas weak ties may remain unaffected by environmental uncertainty. This study contributes to the literature on tie strength and knowledge sharing by applying social capital theory to a high-technology industry. The findings suggest that firms must take advantage of strong and weak ties to facilitate knowledge sharing to enhance competency, create novel knowledge, and obtain a competitive advantage.

Establishment of Analysis Model Using a Service Blueprint for Marketing Evaluation of IoT Services (IoT 서비스의 마케팅 평가를 위한 서비스 청사진 기법을 활용한 분석 모델 구축)

  • Jeon, Heewon;Park, Jae Wan
    • Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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    • v.8 no.10
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    • pp.71-79
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    • 2018
  • The Internet of Things is a technology that makes it possible for objects made up of hardware and software to exchange information with one another via the Internet, thereby facilitating the servitization of the objects. An IoT service, which is composed of an IoT device and a web service, has recently been applied to the marketing field and is being used as a means to meet customer needs. However, applying appropriate marketing elements to IoT services is not easy. Therefore, analysis tools are needed to properly apply marketing elements to IoT services. This study aims to construct an analysis model for marketing evaluation of IoT services. In this study, the technical elements and marketing elements of IoT were derived through a literature review, and the analysis model for marketing evaluation of IoT services was established by exploring the relationship between the elements based on a service blueprint. We also applied real cases to verify the analytical model. This study is expected to contribute to the development of tools for evaluating IoT services.

Effects of Movements in Stock Prices and Real Estate Prices on Money Demand: Cross Country Study (주가 및 부동산가격이 화폐수요에 미치는 부의 효과: 국가 간 비교분석)

  • Chang, Byoung-Ky
    • International Area Studies Review
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    • v.15 no.1
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    • pp.219-240
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    • 2011
  • The main purpose of this study is to analyze the effects of stock price and real estate price on the money demand. We investigated the demand for money for 25 money units of 10 countries. To estimate the money demand functions, Johansen's cointegration and ARDL-bounds test were employed. Additionally, Stock and Watson's DOLS method was applied to estimate long-run cointegration vectors. According to the results of cointegration test, stock price and real estate price are crucial in the long-run equilibrium relationship. There were no cointegration relationships among money demand, real income, interest rate, and exchange rate in 12 money unit models. However, by including stock price and real estate price on the tested models, we could find strong cointegration relationships, using ARDL-bounds test. The results of DOLS confirm that stock price and real estate price are effective factors influencing on money demands. Especially, the coefficient of real estate price is statistically significant in the 19 out of 20 money unit models. However, the direction and magnitude of coefficients of asset prices are different across countries and money units.

An Empirical Study on the Effect of GVC Participation and Governance Type on Export Performance in Korean Manufacturing Companies (한국 제조기업의 GVC참여와 거버넌스 유형이 수출성과에 미치는 영향에 관한 실증적 연구)

  • Ki-Mong Choi;Tae-Sik An;Hee-Cheol Moon
    • Korea Trade Review
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    • v.48 no.1
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    • pp.1-27
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    • 2023
  • This study is an empirical analysis of export performance according to the type of GVC participation and governance of Korean manufacturing companies. Based on panel data from KOSPI listed firms, it was analyzed that relational investment, information exchange, and innovation affect the level of supply chain integration and corporate performance with the moderating role of trust. In addition, it was found that the degree of integration of the supply chain affects GSCM's performance and export performance. In case of the type of GVC governance, it was analyzed that the higher the integration strength, the higher the performance compared to other types. This result shows that trust-based supply chain integration and continuous GVC investment are very important. This explains that high levels of GVC governance, along with high integration strength, can lead to successful GSCM performance. Innovative investment strategies based on the relationship capabilities and trust levels of GVC participating companies can have a positive effect on the degree of global partnership formation and integration.

Study on the Factors Affecting the Intention to Share Electronic Medical Records (전자의무기록 공유 의도에 영향을 미치는 요인 연구)

  • Young Eun Kim;Jee Yeon Lee
    • Journal of the Korean Society for information Management
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    • v.41 no.1
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    • pp.283-311
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    • 2024
  • This study examined the factors affecting the intention of the public to share electronic medical records(EMR) based on the theory of reasoned action and the privacy calculus model. It also investigated whether the purpose of EMR sharing varies depending on personal characteristics, such as the degree of interest in health and personal medical history. According to an online survey of 145 people, altruistic enjoyment, awareness of personal information protection, recognition of legal and institutional roles, and interest in health had a positive impact on the level of EMR sharing, and trust in hospitals positively adjusted the relationship between recognition of legal and institutional roles and sharing intentions. Accordingly, we confirmed that the public recognized the role of the government and hospitals in the sharing process as necessary. The public interest benefits of sharing are critical to activating public participation in the sharing of EMR, and it is also essential to prepare guidelines that legally guarantee the security and proper use of EMR.

Uronic Acid Composition, Block Structure and Some Related Properties of Alginic Acid (4) On Alginic Acid from Myagropsis myagroides Fensholt and Sargassum horneri C. Agardh (알긴산의 화학적 조성 및 그 물성에 관한 연구 (4) 외톨개모자반 및 괭생이모자반의 알긴산)

  • KIM Dong-Soo;PARK Yeung-Ho
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.18 no.2
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    • pp.124-130
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    • 1985
  • In the previous papers (Kim and Park, 1984 a, b; 1985 a), we have reported on alginic acid from Ecklonia cava and Sargassum ringgoldianum. The seasonal variation in the composition of uronic acids and their block structures of alginic acid from Myagropsis myagroides Fensholt and Sargassum horneri C. Agardh (collected from Iee Chun village on the coast of Ilgwang-myon, Yansan-gun, Kyungnam, Korea, in the period of January to December in 1982) are investigated, and their relationship between the chemical composition and some related properties are discussed in this study. One year average contents of alginic acid were $25.2\%$ in the M. myagroides and $26.5\%$ in the S. horneri, and one year average values of M/G ratios were 1.97 in the M. myagroides and 1.38 in the S. horneri. The value of M. myagroides was largest in the period of December to April, and smallest in May to June and October to November. The value of S. horneri was largest in January and smallest in March to April. The proportion of alternating, M and G block in M. myagroides were $18.4\%,\;40.4\%$, and $41.2\%$, and those in S. horneri $9.8\%,\;33.3\%$ and $56.9\%$, respectively. The higher viscosity showed the value of 45.3 cP in M. myagroides (in November), and 26.0 cP in S. horneri(in January), respectively. Furthermore, the dependence on temperature of M. myagroides alginic acid was also larger in November, that of S. horneri alginic acid in June. Ion exchange ability of M. myagroides alginic acid was highest in November and the exchange amounts were $Pb^{2+}\;4.4,\;Cu^{2+}\;1.8,\;Zn^{2+}\;2.5$ and $Co^{2+}\;2.0\;meq/g$. Na-Alg., and the ability of S. horneri alginic acid was highest in June and the amounts were $Pb^{2+}\;4.5,\;Cu^{2+}\;2.2,\;Zn^{2+}\;2.4$ and $Co^{2+}\;2.1\;meq/g.$ Na-Alg. The affinity with metallic ions appeared higher in order of $Pb^{2+}>Cu^{2+}>Zn^{2+}>Co^{2+}$, and the exchange ability assumed to relate with the block ratio of uronic acid.

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Uronic Acid Composition, Block Structure and Some Related Properties of Alginic Acid (3) On Alginic Acid Prepared from Sargassum ringgoldianum (알긴산의 화학적 조성 및 그 물성에 관한 연구 (3) 큰잎모자반의 알긴산)

  • KIM Dong-Soo;PARK Yeung-Ho
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.18 no.1
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    • pp.29-36
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    • 1985
  • In the previous papers (Kim and Park, 1984 a, b), we have reported on alginic acid from Ecklonia cava. The seasonal and portional variation in the composition of uronic acids and their block structures of alginic acid from Sargassum ringgoldianum (collected from Ichon-ri at the coast of Ilgwang-myon, Yangsan-gun, Kyongnam, Korea, in the period of January to December in 1982) are investigated, and their relationship between the chemical composition and some rotated properties is discussed in this study. The results are as follows: 1. One year average contents of alginic acid were $21.4\%$ in the stipe and $19.7\%$ in the frond, one-year average values of M/G ratios were 2.38 in the frond and 1.85 in the stipe. The value of frond was largest in the period of Jauuary to April and smallest in May and October to December. The value of stipe was largest January to April and smallest in May. In general, the proportions of M block in the both of frond and stipe were higher than those of G block. 2. The viscosity of frond alginic acid showed higher values of 31.1 cP in November, and lower (below 7.0 cP) in the stipe alginic acid. Furthermore, the dependence on temperature of frond alginic acid was also larger in November and others were lower. Ion exchange ability of frond alginic acid was highest in July and the exchange amounts were $Pb^{2+}\;5.2,\;Cu^{2+}\;3.1,\;Zn^{2+}\;1.7,\;Co^{2+}\;1.5$ meq/g, Na-Alg., and the ability of stipe alginic acid was highest in May and the amounts were $Pb^{2+}\;4.6,\;Cu^{2+}\;3.3,\;Zn^{2+}\;2.5,\;Co^{2+}\;1.4$ meq/g. Na-Alg.. The affinity with metallic ions appeared higher in order of $Pb^{2+}>Cu^{2+}>Zn^{2+}>Co^{2+}$, and the exchange ability assumed to relate with the block ratio of uronic acid.

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The Prediction of Currency Crises through Artificial Neural Network (인공신경망을 이용한 경제 위기 예측)

  • Lee, Hyoung Yong;Park, Jung Min
    • Journal of Intelligence and Information Systems
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    • v.22 no.4
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    • pp.19-43
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    • 2016
  • This study examines the causes of the Asian exchange rate crisis and compares it to the European Monetary System crisis. In 1997, emerging countries in Asia experienced financial crises. Previously in 1992, currencies in the European Monetary System had undergone the same experience. This was followed by Mexico in 1994. The objective of this paper lies in the generation of useful insights from these crises. This research presents a comparison of South Korea, United Kingdom and Mexico, and then compares three different models for prediction. Previous studies of economic crisis focused largely on the manual construction of causal models using linear techniques. However, the weakness of such models stems from the prevalence of nonlinear factors in reality. This paper uses a structural equation model to analyze the causes, followed by a neural network model to circumvent the linear model's weaknesses. The models are examined in the context of predicting exchange rates In this paper, data were quarterly ones, and Consumer Price Index, Gross Domestic Product, Interest Rate, Stock Index, Current Account, Foreign Reserves were independent variables for the prediction. However, time periods of each country's data are different. Lisrel is an emerging method and as such requires a fresh approach to financial crisis prediction model design, along with the flexibility to accommodate unexpected change. This paper indicates the neural network model has the greater prediction performance in Korea, Mexico, and United Kingdom. However, in Korea, the multiple regression shows the better performance. In Mexico, the multiple regression is almost indifferent to the Lisrel. Although Lisrel doesn't show the significant performance, the refined model is expected to show the better result. The structural model in this paper should contain the psychological factor and other invisible areas in the future work. The reason of the low hit ratio is that the alternative model in this paper uses only the financial market data. Thus, we cannot consider the other important part. Korea's hit ratio is lower than that of United Kingdom. So, there must be the other construct that affects the financial market. So does Mexico. However, the United Kingdom's financial market is more influenced and explained by the financial factors than Korea and Mexico.