• Journal of Korea Trade
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• 제24권7호
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• pp.54-72
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• 2020

Purpose - This study explores the contextual factors that affect the relationship between CEO overseas experience and firm internationalization. This study incorporates a wide range of contextual factors, including mega, macro, and micro variables. In particular, this study goes a step further from prior studies by incorporating a higher-order variable i.e., the global financial crisis that can constrain the managerial discretion of a CEO. Design/methodology - To structure the balanced data set before and after the 2008 global financial crisis, we used the data for the years from 2002 to 2014 from a sample of Korean manufacturing firms. Ultimately, 1101 firm-year unbalanced panel observations from 101 firms were used for the analysis. Findings - Our main findings can be summarized as follows. CEO overseas experience is positively related to firm internationalization. However, this relationship varies depending on the CEOs level of managerial discretion. As for the constraining moderation, the global financial crisis weakened the positive relationship between CEO overseas experience and firm internationalization. As for the enabling moderation, the CEOs tenure strengthened the relationship. Originality/value - This study adopted the knowledge, skills, and abilities (KSA) framework to explain the relationship between CEO overseas experience and firm internationalization. Moreover, we argue that the CEO-internationalization relationship depends on the specific context of the managerial discretion, focusing on the 2008 global financial crisis. Empirically, this study adopted the 2SLS procedure to correct endogeneity. Instead of taking the actual value of prior internationalization as a control, we estimated prior internationalization using the instrument variables at an industry level. This procedure made our estimation more robust.

• 품질경영학회지
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• 제52권2호
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• pp.287-301
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• 2024

Purpose: This paper aims to verify the difference in production resilience between local clusters and regions without clusters before and after a major crisis. Furthermore, this paper aims to identify the clusters' quality factors that impact clusters' shock vulnerability and resilience. Methods: Utilizing open-source data from the US Cluster Mapping platform, this paper compares regions with industrial clusters to those without using the Differences-in-Differences (DID) estimator. It considers the regions with industrial clusters as a treatment group and others as the control group, comparing the period before and after the pandemic. Additionally, the paper examines which cluster factors make a difference in economic resilience during the crisis using Regression Discontinuity Design (RDD). Results: The study finds that regions with industrial clusters show higher production resilience compared to regions without clusters. Moreover, the number of establishments, annual payrolls, and employment can have a positive impact on resilience during the pandemic shock. Conclusion: Though clusters could be vulnerable during the global crisis, industrial clusters can contribute to regional economic development and production resilience in the long-term aspect. Thus, it is required to construct a high-quality local cluster and support it during the economic crisis in the long-term aspect.

• 한국가구학회지
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• 제29권1호
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• pp.8-17
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• 2018

Economic crisis in 2008 has changed South Korean market including furniture related field. Owing to Subprime Mortgage Crisis, new economic order, in other words, New Normal was established. Low growth rate, low interest, high unemployment rate, high risks, regulation strengthening, and all that sort of negative things have became generalized. South Korean economy has developed drastically since the Korean War, however recent economic crisis and Internet and smart phone have leading roles in shaping new consumption market. In a way, furniture market has expanded despite economic recession. Total service for housing is suited to South Korean consumers and shortened Product Life Cycle induces consumers to buy more furniture. In addition, Internet and smart phone allow people to show off their private spaces to unspecified masses. As a result, consumer prefers inexpensive and expendable furniture. It is certain that furniture market makes quantitative growth, but qualitative sides are questionable. Even though the study is focused on the existent circumstances, It will help to find out the proper ways of future furniture market in South Korea.

• 복식
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• 제51권4호
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• pp.43-56
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• 2001

Articles on fashion of major daily newspapers for about one years after I.M.F. system were analyzed. The influence of I.M.F. system, values, the importance of costumes at economic crisis were studied through fashion at that time. The major conclusions of the study are as follows : 1. Costumes made in Korea, national brands In Korean words, practical styles, multi-functional design, economic tastes and mixed fashions were emphasized. 2. The sound and patriotic values were pursued through domestic fashion and creative ideas were developed to overcome economic crisis. 3. The meaning of costumes was still important under shrink of consumption. Costumes were useful tools to estimate ability and express aesthetic appreciation. The sound fashion trends under I.M.F. system reflect the reflection on overconsume and the will to overcome economic crisis. Such trends should be fixed for the establishment of economic prosperity for the nation.

• 한국의상디자인학회지
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• 제3권2호
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• pp.137-160
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• 2001

A study on the structural change in the U.S. textile industry. The U.S. textile industry has undergone significant changes over the last fifty years, including a steady decline in the relative scale of domestic production, employment reduction, and increased competition from imported products. In order to weather a crisis, the responses of the U.S. textile industry have been made such as investment in technology, specalization in the textile and apparel industries. The textile and apparel industries have taken steps to increase labor productivity through automations to speed management to create and introduce new products and new methods, and have lowered indirect overhead costs. Regarding these response of the U.S. and other situation of world textile and apparel trade market, much of the sense of crisis that pervades korean textile and apparel industries has to do with the problem of adjusting corporate policy.

• 대한간호학회지
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• 제43권1호
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• pp.133-142
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• 2013

Purpose: The purpose of this study was to evaluate the effects of the Family Resilience Enhancement Program (FREP) on family hardiness, family sense of coherence, family problem solving communication, family crisis oriented personal evaluation, and adaptation in families of patients with chronic schizophrenia. Methods: The study design was a nonequivalent control group prepost test design. Study participants were 17 families in the experimental group and 17 in the control group. Ten sessions of FREP were provided over 5 weeks. The data were analyzed using SPSS 15.0. Results: There were statistically significant differences in family hardiness, family sense of coherence, family problem-solving communication, family crisis-oriented personal evaluation, social resources, and family adaptation between the experimental group and the control group. Conclusion: FREP based on the family resilience model developed in this study, shows the effect of leading the families to positive family adaptation.

• 한국실내디자인학회논문집
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• 제37호
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• pp.103-109
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• 2003

The purpose of this study is to present the advanced plans to get the activation of the domestic furniture manufacture, considering the conditions of the furniture market and business environments before and after IMF Economic Crisis. These are necessary to get over some problems which result in reduction of demand, consumption, and investment under the recession. The furniture manufacture should take the occasion as a pertinent opportunity to strengthen the competitive edge and step up the exploration of the international markets. It is reasonable to conclude that the advanced plans should be designed, implemented, and expanded through the inducement of the government, manufacturers, and foreign investors.

• 국제지역연구
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• 제20권1호
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• pp.3-22
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• 2016

본 연구에서는 1995년부터 1월에서 2015년 10월까지의 5,323개 일별자료로 다변량 GARCH BEKK모형을 이용하여 금리, 환율, 주가 상호간 충격전이효과를 분석하였다. 전체표본기간에서의 변동성 충격전이를 분석한 결과로는 우선 대칭모형상으로 금리변동의 충격은 주가에만 충격을 주었고 환율변동의 충격은 다른 두 변수들에 별다른 영향을 미치지 못하였는데 주가변동은 금리와 환율 모두에 유의미한 충격을 주는 것이 확인되었다. 비대칭모형상으로는 금리의 상승충격은 환율에만, 환율의 상승충격은 금리에만 상호간 유의미한 영향을 미쳤고 주가의 하락충격은 환율에만 유의미한 영향을 미치는 것으로 나타났다. 외환위기국면 소표본기간에서는 비대칭모형에서 금리의 상승충격이 환율과 주가에 영향을 미쳤고 주가의 하락충격은 환율에만 영향을 주는 것으로 나타났다. 또한 글로벌 금융위기국면 소표본기간의 비대칭모형에서는 주가의 하락충격만이 금리에 영향을 주는 것으로 나타났다. 이를 종합하면 한국의 주식시장 변동충격은 나머지 두 변수에 유의미하게 영향을 미쳤고 금리의 충격은 시기별로 주가와 환율에 영향을 미쳤으나 환율의 충격은 전체적으로 그리 크지 않게 나타남으로써 주식시장의 안정화 유도책이 시장변수의 충격을 완화시키기 위한 선결과제임이 입증되었다.

• 아태비즈니스연구
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• 제15권1호
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• pp.209-223
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• 2024

Purpose - This article analyzes the impact of macroeconomic variables of the United States, China, and Korea on KOSPI and VKOSPI, in that United States and China have a great influence on Korea, having an export-driven economy. Design/methodology/approach - The influence of US, China, and Korea interest rates, industrial production index, consumer price index, US employment index, Chinese real estate index, and Korea's foreign exchange reserves on KOSPI and VKOSPI is analyzed on monthly basis from Jan 2012 to Aug 2023, using multifactor model. Findings - The KOSPI showed a positive relationship with the U.S. industrial production index and Korea's foreign exchange reserves, and a negative relationship with the U.S. employment index and Chinese real estate index. The VKOSPI showed a positive relationship with the Chinese consumer price index, and a negative relationship with the U.S. interest rates, and Korean foreign exchange reserves. Next, dividing the analysis into two periods with the Covid crisis and the analysis by country, the impact of US macroeconomic variables on KOSPI was greater than Chinese ones and the impact of Chinese macroeconomic variables on VKOSPI was greater than US ones. The result of the forward predictive failure test confirmed that it was appropriate to divide the period into two periods with economic event, the Covid Crisis. After the Covid crisis, the impact of macroeconomic variables on KOSPI and VKOSPI increased. This reflects the financial market co-movements due to governments' policy coordination and central bank liquidity supply to overcome the crisis in the pandemic situation. Research implications or Originality - This study is meaningful in that it analyzed the effects of macroeconomic variables on KOSPI and VKOSPI simultaneously. In addition, the leverage effect can also be confirmed through the relationship between macroeconomic variables and KOSPI and VKOSPI. This article examined the fundamental changes in the Korean and global financial markets following the shock of Corona by applying this research model before and after Covid crisis.

• 디자인학연구
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• 제12권3호
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• pp.179-188
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• 1999

세계 무한 경쟁시대를 맞이하고 있는 지금 우리는 최근에 불어 닥친 IMF 한파와 국가적 경영위기 속에 많은 기업들이 도산의 도미노 현상을 겪고 있고, 이러한 격변의 소용돌이 속에서 우리의 기업들은 '存續' 이라는 것 자체를 마치 지상 최대의 과제인 것처럼 여기고 있다. 따라서 이제는 과거처럼 기업의 경쟁력 제고를 위한 새로운 종전과는 달리 새로운 기술이나 신제품에 대한 노하우나 지적가치는 정보화의 급속한 진전으로 다자간의 공유나 전이가 보다 용이해짐에 따라 시장에서의 경쟁적 우위가 점차 퇴색되어 가고 있다. 그러므로 이런 관점에서 비추어 볼때 산업디자인은 기업들이 경영위기를 극복하는 최선의 전략이자 수단이라 할 수 있을 것이다. 왜냐하면 디자인 개발은 다른 분야의 연구나 개발에 비해서 단기적인 투자와 노력만으로도 고부가 가치를 창출시킬 수 있기 때문이다. 하지만 단기간의 투자에 의한 디자인 개발의 근복적인 밑바탕에는 끊임없는 창조성과 실전감각을 갖추고 있는 인재를 공급할 수 있는 교육제도를 다져 놓아야 한다. 이러한 토대 위에 서만이 우리의 고유한 독창적 디자인을 세계속에 떨칠 수 있는 일류 디자이너 배툴을 기대할 수 잇는 것이다. 따라서 본 연구는 국내 산업 디자인 발전의 가장 핵심적인 교육분야의 과학적이고 체계적인 확립을 위하여 국내 대학 디자인학과의 교육제도와 선진 외국 대학 디자인학과의 교육제도를 조사·분석하였으며, 본 연구자가 재직중인 유한대학)이하 'Y대학'이라 칭함) 디자인학과의 경쟁력을 제고시키기 위함이다. 더나아가 디자인학과의 마케팅 전략 방안 수립을 통하여 디자인 전문인력 양성을 위한 커리큘럼 활성화를 꾀하고 새로운 교육방향을 제시하고자 한다.