• 의정연구
• /
• 제24권1호
• /
• pp.171-202
• /
• 2018

이슈 소유권(issue ownership)은 특정 이슈나 현안을 해결할 수 있는 정당의 능력에 대한 평판이다. 특정 이슈에 대해 다른 정당보다 최상의 해결책을 가지고 있는 것으로 인식되는 정당이 해당 이슈를 소유하고 있다고 말한다. 기존연구에 의하면 유권자는 중요하다고 생각하는 이슈의 소유권자로 인식되는 정당에 투표하는 경향이 있다. 다시 말해 이슈 중요성(salience)은 이슈 소유권 투표(issue ownership voting)에 영향을 미치는 조건이다. 본 연구에서는 이슈 소유권 투표의 또 다른 조건으로 이슈 소유권을 주장하는 정당의 행태에 따라 이슈 소유권에 대한 인식이 투표에 미치는 영향을 살펴본다. 2016년에 실시된 20대 총선 당시 더불어민주당은 경제정당으로서의 면모를 강조하고 새누리당과는 다른 성장 전략을 제시하면서 새누리당이 소유하고 있는 경제 이슈 소유권을 뺏어 오려고 했다. 연구결과, 19대 총선과 비교해 민주당이 경제 이슈 소유권자라는 인식이 정당 지지자 및 이탈자, 무당파 집단에서 모두 증가하면서 민주당의 선거 전략은 유권자에게 어필한 것으로 나타났다. 뿐만 아니라 민주당이 경제 이슈 소유권자라는 인식은 경제 이슈를 가장 중요하게 생각하는 유권자가 민주당을 선택하는 데 영향을 미친 것으로 나타났다. 반면 새누리당이 경제 이슈 소유권자라는 인식이나 국민의당이 경제 이슈 소유권자라는 인식은 경제 이슈를 중시하는 유권자의 해당 정당 투표에 영향을 미치지 않았다. 본 연구는 이슈 중요성 이외에 정당의 행태가 이슈 소유권 투표에 영향을 미치는 조건이라는 것을 밝힘으로써 이슈 소유권 이론에 기여한다.

• Asian Journal for Public Opinion Research
• /
• 제7권1호
• /
• pp.23-39
• /
• 2019

Assuming that a political party has a strong incentive to gain votes via issue setting as part of its campaign strategy, this study utilized a Web experimental survey to explore the extent to which three issue-related campaign advertising strategies - namely, issue ownership, issue convergence, and issue trespassing - affected voters' perceptions toward parties' issue-handling capabilities. Our empirical results show that issue ownership perceptions exist in Taiwan. In the 2012 Taiwan presidential election, as issue ownership advertisements may reinforce voters' beliefs regarding parties' issue-handling capabilities, issue trespassing advertising may improve a party's image on the disadvantageous issue dimension. At least our data shows that the Kuomintang's (KMT) advertisements have both effects.

• 한국도서관정보학회지
• /
• 제21권
• /
• pp.325-361
• /
• 1994

The Library of Congress' proposal to license LC MARC database and the following debate over the proposal shows that the issue on ownership of bibliographic databases, which surfaced as a topic of concern in the international library community with the OCLC's a n.0, pplication for copyright of its databases in 1982, is not fading or dead into the 1990s. In particular, the way that technological developments are outpacing the ability of the relevant organizations and legal systems to make necessary adjustments is giving the library profession a warning that cooperative efforts for further development of the international library systems, such as the UBC program, might be seriously impeded without a swift and amicable agreement on the controversial 'database ownership' issue. Here, the purpose of this paper lies in discussing the 'database ownership' issue from a macro and long-term perspective, with emphasis on its potential impacts on, and implications for, international information flows. To the end, the specific questions covered in this paper include : 1) what are the major causes of the database ownership controversy? 2) what are the potential impacts of the database ownership issue on the library profession's cooperative efforts toward free bibliographic information flows at the international level? And finally, 3) what are the implications of the database ownership issue for the Korean Library Community, which is making efforts toward the establishment of a national library network in near future through linking various library automation systems.

• 국제학술발표논문집
• /
• The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
• /
• pp.340-349
• /
• 2011

During the negotiation and resolution of delay and disruption disputes on construction projects, the use and misappropriation of float, and the question of float ownership, are considered to be a major concern to those involved. Most practitioners and authors are of the opinion that it is an issue that should be clearly defined and addressed within the provisions of the contract. However, the terms "float" or "ownership of float" are rarely mentioned (if at all) in most of the standard forms of Australian construction contracts, giving little guidance to those involved as to how this issue should be addressed. In October 2002 the United Kingdoms Society of Construction Law (SCL) published a Delay and Disruption Protocol (the Protocol) that contains a suggested approach to the issue. The aim of this research was to obtain an Australian opinion of the suitability of the SCL's Delay and Disruption Protocols suggested approach to the issue of float and ownership of float for use by the Australian construction industry. Qualitative interviews were carried out with Australian construction industry experts experienced in the administration, negotiation, and resolution of delay and disruption disputes to obtain their opinions of the suitability of the SCL's proposed approach. Results indicate general confusion and uncertainty as to how the issue of float and float ownership should be addressed in general, with the SCL's approach adding further to that confusion.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권11호
• /
• pp.647-656
• /
• 2020

This study empirically examines the effect of ownership structure on bank diversification and risk-taking behavior. The population of this study is based on all commercial banks listed in Bangladesh. Thirty-two conventional commercial banks were randomly selected from thirty-three conventional banks for this study. Data was collected from the annual reports of the concerned banks from 2000 to 2017. To analyze the data, we had applied the two-stage least squares (2SLS) estimator. The results of the analysis show that ownership structure i.e. managerial ownership, institutional ownership, general public ownership, and ownership concentration have a significant negative impact on bank diversification. On the other hand, institutional ownership, managerial ownership, and general public ownership have a significant positive impact on Z-score, and ownership concentration has an insignificant but positive impact on the Z-score of banks in Bangladesh. Therefore, the study opposes the benefits of diversification and promotes ownership structure which is capable of ensuring better financial stability by reducing the probability of risk. The policy-makers especially, Bangladesh banks should evaluate the fact of this study to issue guidelines on corporate governance, bank diversification, and risk-taking behavior of commercial banks.

• 산경연구논집
• /
• 제6권4호
• /
• pp.27-37
• /
• 2015

Purpose - This study first explores the possible dynamic relationship between ownership structure and firm performance using a panel of 4,900 Chinese-listed small- and medium-sized enterprises (SMEs) from 1999 to 2012. Research design, data, and methodology - We address this issue through a dynamic panel model using a method of moments (GMM) technique and dynamic simultaneous equations to alleviate the potential endogenous problem: unobserved heterogeneity, simultaneity, and dynamic endogeneity. Results - Under the framework of dynamic endogeneity, firm performance has a significantly positive influence on ownership, but not vice versa. Ownership and performance can be explained by their owned lagged values, respectively. Moreover, intertemporal endogeneity exists among ownership, investment, and performance through the application of system dynamic equations, which implies that the relationship among ownership structure, investment, and firm performance is dynamic by nature. Conclusions - This study also significantly contributes to a better understanding of dynamic corporate governance by providing further empirical evidence from the largest capital market in the Asian region.

• 통상정보연구
• /
• 제9권2호
• /
• pp.399-422
• /
• 2007

Like in other trade negotiations covering comprehensive sectors, it is reported that KOREA-US FTA tried so-called 'package deal' at the last minutes, when telecom services sector was positioned at the forefront and expected to partly play a role in buffering US' market-opening pressure on other sectors. Before everything else, Korean negotiators had to enhance the value of foreign ownership deregulation in telecom services sector as a leverage in the course of KOREA-US FTA negotiations. In addition, since foreign ownership change, if any, is highly sensitive issue either politically or policy-wise, it seems very difficult to find a breakthrough. Focusing on foreign ownership regulation in telecom services sector, this paper seeks how Korea has developed its strategic reasoning for negotiations and evaluates the outcomes of KOREA-US FTA negotiations.

• The Journal of Asian Finance, Economics and Business
• /
• 제3권3호
• /
• pp.5-15
• /
• 2016

This study examines whether Korean rating agencies such as Korea Investors Service (KIS), National Information & Credit Evaluation (NICE), and Korea Ratings Corporation (KR), incorporate corporate governance into their corporate bond ratings in Korea. We find that the Korean rating agencies assign higher ratings to the bonds issued by Chaebol (Korean business group) affiliated firms. Our results also indicate that those rating agencies give higher ratings to the bonds with greater foreign investor share ownership. Moreover, if the rating agencies value corporate governance, higher rated firms should issue bonds at lower yield to maturity. We discover that Chaebol affiliation is counted favorably by the rating agencies. We find that investors are willing to pay lower risk premium for bonds with higher institutional ownership, but higher risk premium to bonds with greater equity ownership in the form of depository receipts. Therefore, even if the rating agencies and investors in Korea consider corporate governance (Chaebol affiliation and ownership structure) an important determinant in bond ratings and the yields to maturity, they have opposite views on institutional ownership and share ownership in the form of depository receipts.

• 유통과학연구
• /
• 제20권3호
• /
• pp.53-58
• /
• 2022

Purpose: Controlling and minority shareholders sometimes have conflicting interests. Controlling shareholders who do not have adequate monitoring can exhibit a strong tendency to maximize their personal wealth. In this case, cash holdings can be the easiest means for them to pursue their personal interests. This study examined whether the largest shareholder's ownership proportion affected the speed at which firms adjust their cash holdings to target levels in Korean distribution and service companies. Research design, data, and methodology: The study uses regression analysis to examine 834 firm-year samples listed on the KOSPI between 2013 and 2018 in the distribution and service sectors. Results: The largest shareholder's ownership is positively related to a firm's cash holdings adjustment speed. That is, the larger the largest shareholder's ownership, the faster the firm adjusts its cash holdings to achieve the target level. Conclusions: This study contributes to the literature by providing evidence that the cash holdings adjustment speed in Korean service and distribution companies is affected by the largest shareholder's ownership. As the agency problem between controlling and minority shareholders in Korea is a major issue, minority owners' sensitivity to agency costs may help restrict controlling owners' ability to maximize their personal wealth.

• 융합보안논문지
• /
• 제13권2호
• /
• pp.133-141
• /
• 2013

1952년1월 18일 이승만 대통령의 인접해양의 주권선언이후(평화선언) 일본은 독도에 관한 대한민국의 영유권을 인정하지 않고 이를 한 일간의 영유권에 관한 법적분쟁으로 보고 국제사법재판소에 부탁하여 해결하자고 1954년부터 틈틈이 주장하고 있다. 국제사법재판소는 한 일간의 독도의 영유권 귀속문제에 대해 당연한 관할권을 갖는 것이 아니며 또 대한민국정부는 독도문제해결을 위해 국제사법재판소에 제소하자고 하는 일본의 제의에 합의할 필요가 없다. 특히 대한민국정부는 독도영유권 문제에 대해 일본과의 사전 합의한바 없어 국제사법재판소의 관할권은 인정되지 않는다. 그러나 일본이 일방적으로 국제사법재판소에 제소할 경우 대한민국은 명시적 및 묵시적 동의 등의 국제사법재판소에 확대관할권을 부여하는 결과가 없도록 유념해야 할 것이다. 독도영유권 분쟁의 해결방법으로서 가장 훌륭한 방안은 대한 민국의 주권을 실력으로 행사하면서 독도에 대해 실효적 지배를 보다 강화해 나가는 것이다.