• Management & Information Systems Review
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• v.25
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• pp.83-114
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• 2008

We examine whether spinoffs improve long-run stock returns and analyze the factors of long run stock returns. The measures of long run stock returns are CAR(Cumulative Abnormal Returns) and BHAR(Buy and Hold Abnormal Returns). The expected factors of abnormal returns are methods of spinoffs, size, BV/MV, administrative costs, cashflow and Herfindahl index. We find that long-run returns of the case such as carve-out methods, small size, high BV/MV, low administrative costs, low cashflow and low Herfindahl index are larger than those of other cases. We show positive relationship between spinoffs and long-run stock returns(CAR and BHAR). The results supports spinoffs, as the methods of focusing on core business, are very usefulness of corporate restructuring.

• Journal of Technology Innovation
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• v.26 no.1
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• pp.59-83
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• 2018

University spinoff is a type of high-quality tech-startup that has high level of growth potential and ripple effects. Thus, the Korean government has been making continuous efforts to vitalize university spinoffs. However, existing legislation does not take into account clear definition of university spinoff as well as conflict of interests among its main agents (university, professor, graduate student, etc.). As a result, there exist various types of conflict of interests related to the university spinoff in Korea and that hinder activating university spinoffs. In this study, therefore, we reviewed studies of university spinoff and clarified types of conflict of interests related to university spinoff. Taken together, we diagnosed problems of university spinoff in Korea and proposed plans to vitalize it.

• Journal of Korea Game Society
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• v.16 no.4
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• pp.45-56
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• 2016

"The Legend of Princess Bari" mostly accepted the story and character of the Myth of Baridegi. Each player has their own storyline from the beginning. "The Legend of Princess Bari 2" was released less than a year after the release of "The Legend of Princess Bari 1," but it fell short of creating additional contents from its original version. However, "The Persona4" applied and transformed the Myth of Inajagi & Ijanami according to our present time. The protagonist's each have their own designated "Persona" skills and Ijanami is their ultimate enemy. Interestingly, each player starts with the same storyline but all have different endings. Based on the existing story elements of Persona series, various genres of games were produced through remakes and spinoffs.