• Title/Summary/Keyword: business party

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Development of the Freight Forwarder Information System adopting RIA

  • Choi, Hyung-Rim;Lee, Hyun-Chul;Choe, Hong-Seok
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.997-1002
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    • 2007
  • In the case of international trade, the role of 3PL (third-party logistics) providers, in recent years, has drawn more attention. At the same time, computers have become faster, cheaper, and more widely available. Thus. information systems have become commonplace to freight forwarders and the increased efficiencies to be gained in improving logistics has pushed managers to explorer a number of new ideas, technologies and methods of information management and automation. However, many companies are encountering difficulties to choose an information system flexible and satisfying all needs carrying on business. In this study RIA (rich internet application) technology based on Java Swing was introduced to the .freight forwarder information systems to provide richer user interfaces and a flexible web-based application. Also considered giving stakeholders in charge of logistics especially in SMEs (Small and Medium Enterprises) cost-effective and performance-effective solutions with good accessibility of internet for smooth operations of their businesses.

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Stock Market Response to Elections: An Event Study Method

  • CHAVALI, Kavita;ALAM, Mohammad;ROSARIO, Shireen
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.9-18
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    • 2020
  • The research paper examines the influence of elections on the stock market. The study analyses whether the market reaction would be the same when a party wins and comes to power for the second consecutive time. The study employs Market Model Event study methodology. The sample period taken for the study is 2014 to 2019. A sample of 31 companies listed in Bombay Stock Exchange is selected at random for the purpose of the study. For the elections held in 2014, an event window of 82 days was taken with 39 days prior to the event and 42 days post event. The event (t0) being the declaration of the election results. For the elections held in 2019 an event window of 83 days was taken with 41 days prior to the event and 41 days post event. The results indicate that the market reacts positively with significantly positive Average Abnormal Returns. The findings of the study reveal that the impact on the market is not the same between any two elections even when the same party comes to power for the second time. The semi-strong form of efficient market hypothesis holds true in the context of emerging markets like India.

Effects of the Fair Value of Biological Assets on the Cost of Debt: An International Study

  • ERFAN, Neven;ALI, Ijaz;KHAN, Soha;KHAN, Imran Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.71-80
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    • 2022
  • This study aims to investigate the effects of fair value valuation of biological assets and bearer plants measured at historical cost on the cost of third-party capital. The study contributes to the agricultural sector and the International Accounting Standard - IAS 41, which has been modified to remove the requirement to apply fair value for bearer plants, one of the primary biological assets with no active market. For this, 182 companies from 39 countries were studied in the years 2020 and 2021, with information taken from the Thomson Reuters Eikon platform. The methodology involves regression by the ordinary least squares method based on the model of Daly and Skaife (2016). The results show that the biological asset at fair value does not influence the cost of debt and that the measurement of bearer plants at historical cost has no effect on the cost of debt. Fair value did not change the perceived cost of debt of the analyzed companies in the studied period, contrary to Daly and Skaife (2016). Finally, the cost of third-party capital can be influenced by other aspects related to profit quality, which were not examined in this paper, such as profit management.

Reference Architecture for Software Component of E-Business Domain (E-Business 영역의 소프트웨어 컴포넌트를 위한 참조 아키텍처)

  • 김동현;서성채;이상준;김병기
    • Proceedings of the IEEK Conference
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    • 2000.06c
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    • pp.59-62
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    • 2000
  • A software application builder has designed and partially implemented a E-Business software system using several reusable in-house software components. The builder finds an externally available third-party software components that satisfies solve desired functionality or behavior. We need systematic classification of the component from the domain. We propose a reference architecture of E-Business domain. It is used to search and reuse requiring components.

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Empirical Study on Effects of Single Party Bargaining System on Cooperative and Participative Labour Relatios (교섭창구단일화가 참여.협력적 노사관계에 미치는 영향에 관한 실증분석)

  • Kim, Jung-Won;Kwon, Jong-Wook
    • Management & Information Systems Review
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    • v.30 no.1
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    • pp.129-158
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    • 2011
  • The primary purpose of this paper is to investigate the relationships of single party bargaining system on the cooperative and participative labour-management relations using the samples from several teachers' organizations. This study seeks to identify a reasonable single party bargaining scheme though empirical research as well. Results of empirical study are summarized. Finally suggestions, implications and limitations of the present study are also discussed.

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Legal Bases for the Interpretation of Contract Terms under the UNIDROIT Principles of International Commercial Contracts

  • Kim, Bong-Chul;Kim, Ho;Shim, Chong-Seok
    • Journal of Korea Trade
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    • v.24 no.1
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    • pp.113-130
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    • 2020
  • Purpose - This paper examines the legal standards for the interpretation of contract terms in the UNIDROIT Principles of International Commercial Contracts (PICC) and the cases thereunder in order to provide academic implication to promoting an appropriate understanding of this topic in practical business. Design/methodology - This article uses the literature research and case study under the PICC. Findings - the contract terms shall be interpreted according to the common intention of the parties. If such an intention cannot be established, the contract shall be interpreted according to the meaning that reasonable persons of the same kind as the parties would give to it in the same circumstances. The statements and other conduct of a party shall be interpreted according to that party's intention if the other party knew or could not have been unaware of that intention. If not, the reasonable person standard will apply. In applying above articles, all relevant circumstances including the conduct of the parties, practices and usages shall be considered. Terms and expressions shall be interpreted in the light of the whole contract or statement in which they appear and contract terms shall be interpreted so as to give effect to all the terms rather than to deprive some of them of effect. Where contract terms supplied by one party are unclear, contra proferentem rule applies. Where there is discrepancy between several equally authoritative versions of a contract, a preference is given to the interpretation according to the version originally drawn up. Where the parties to a contract have not agreed regarding an important term for their rights and duties, a term which is appropriate in the circumstances shall be supplied. Originality/value - This article examines various cases regarding the topic that were determined under the PICC. By finding legal standards and rulings of relevant cases, this article will help readers in practical business to enhance the ability to apply the provisions to their contracts.

Selection Criteria of Manufacturers toward Third-Party Logistics Services with Reference to China SuZhou Industrial Park (중국 제조업체의 제3자 물류 선택요인과 성과에 관한 연구 : 중국 소주 공업원구를 중심으로)

  • Koh, Yong-Ki;Jin, Yu-Pyeong;Shin, Jeong-Yong
    • International Commerce and Information Review
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    • v.11 no.3
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    • pp.75-100
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    • 2009
  • With the change of various business environments, needs for the third party logistics(3PL) service are strategically considered for securing core competitiveness of manufacturers in China. Thus, manufacturers not only have worked with 3PL service providers for cutting costs of logistics, but also they are willing to have Win-Win relationship with the 3PL service provider. In this paper, comparing situation and characteristics of both China and developed-countries, especially in the particularity of manufacturing companies in China. The most important thing is that 3PL service providers must be able to manage supply chain of manufacturers with logistic planning abilities and to operate logistics services with logistic infrastructures and IT systems. In the view of long-term development, incubating logistics specialists is also the influencing fact that makes 3PL service providers more competitive with high quality logistics service and infrastructures.

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A Study on the Establishment of the Logistics Information System for Third Party Logistics (제3자 물류업체를 위한 물류 정보시스템 구축방안에 관한 연구)

  • Lee, Choong-Bae;Park, Jung-Min
    • International Commerce and Information Review
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    • v.5 no.2
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    • pp.135-156
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    • 2003
  • With the increasing recognition of logistics as a source of potential competitive advantage by companies, there has been a rapid growth in the logistics service industry. In particular increased globalization by multinational corporations has prompted consideration of outsourcing logistics service to third party logistics firms. This paper aims to seek the way to establish logistics information system by the case study of company 'D'. The G-Project, aiming to establish global supply chain including information network was required to form integrated logistics information system between manufacturer and logistics provider. The results should have considerable value to both global manufacturers and logistics providers.

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Improvement of Logistics Service in Electronic Commerce (전자상거래에서의 물류서비스 개선방안)

  • Lee, Seung-Hui
    • 한국디지털정책학회:학술대회논문집
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    • 2004.05a
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    • pp.525-544
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    • 2004
  • The Purpose of this study is to examine logistics characteristics related to electronic commerce and to suggest improvement of logistics Service in electronic commerce. This paper concerns the logistics functions which are essential for completing a commerce process even under the EC environment and provides ways to improve the logistics performance. Electronic commerce have introduced two scenes; dramatic change of the existing distribution surroundings and noticeable achievement of the economic advance and social efficiency. But, in the same scene, electronic commerce can be a threat to business condition, especially logistics management. It suggests that for activation of EC it is necessary to strengthen the strategic alliances, introduce GPS and use the third party logistics positively to prepare for the settlements of traffic problems, support the introduction of integrated logistics service and logistics information system.

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On the Development Strategy of the Container Port coping with the Innovation Process of Logistics (로지스틱스의 진화에 대응한 항만의 발전 전략에 관하여(1))

  • 이철영;여기태;김현
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 1999.10a
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    • pp.43-57
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    • 1999
  • Recently, leading edge companies use the Supply Chain Management as a competitive weapon to secure and maintain customer loyalty. As a consequence, they are concentrating resources on the company's core business and employing strategic alliances with third-party providers to ensure the company provides its customers' desired logistics service levels at acceptable costs. Under this circumstances, this paper surveys the third party logistics as a loading edge logistics industry coping with the progress of the supply chain management. The status and the type of the TPL including the Forwarder are analyzed in the view point of global logistics. Also, the development strategy of third party logistics in the future is suggested.