- P-ISSN2765-6934
- E-ISSN2765-7027
- KCI
ISSN : 2765-6934
Vol.14 No.4
Abstract
Purpose: This study evaluates the challenges faced by foreign legacy automakers’ joint ventures (FLAJVs) in China’s new energy vehicle (NEV) market segment within the context of liability of foreignness (LOF). Research design, data and methodology: The research draws on various secondary sources, including reports from the China Association of Automobile Manufacturers, industry reports, external media sources, and the annual reports of VW Group (2019-2023), BYD, and Nio (2018-2023). Results: The remarkable speed of China’s ascent to market leadership in the NEV segment is attributable to a dual-faceted NEV policy. This policy includes government grants and subsidies designed to bolster the technological capacity of domestic automakers and incentives to encourage consumers to purchase domestic NEVs. These measures have effectively shifted both supply and demand from internal combustion engine (ICE) vehicles to NEVs. Consequently, the market positioning of FLAJVs has weakened due to intense competition from established domestic automakers and new entrants. Conclusion: This study demonstrates that FLAJVs are increasingly experiencing the effects of the liability of foreignness, leading to higher costs associated with purchasing regulatory credits and the implementation of costly strategic initiatives to comply with the Dual-Credit Policy (DCP).
Abstract
Purpose: This study aims to assess IFRS adoption, financial reporting practices, and the challenges of implementing the new IFRS 17 in insurance companies listed on the DSE in Bangladesh. Research design, data, and methodology: Cross-sectional data from 56 listed insurance companies for the years 2019-2023 were collected, and content analysis was performed to evaluate IFRS adoption and financial reporting practices. A structured questionnaire survey yielding 120 responses was used, followed by a structural equation model analysis to identify the challenges in implementing IFRS 17. Results: The study found that listed insurance companies adopt between 4 and 6 IFRS, with some implementing up to 12 IFRS, showing an upward trend in IFRS adoption. However, IFRS is not fully applied in preparing financial statements, as the Insurance Acts of 2010 and 1938 are still in use. The challenges in implementing IFRS 17 include conflicting regulations, data management issues, the need to modify accounting systems and processes, the need for human resource training on IFRS, and the misalignment between the current regulatory framework and IFRS. Conclusions: Insurance companies must address these challenges to effectively implement IFRS 17 in their financial reporting.
Abstract
Purpose: Thisstudy aimsto assessthe current state of aquaculture in Korea and evaluate regional competitivenessfor major aquaculture species: flounder, rockfish, sea bream, and yellowtail. It seeksto identify the unique characteristics of aquaculture across variousregions to enhance understanding of regional dynamics and industry trends. Research design, data and methodology: It utilizes Location Quotient, Shift Share Analysis, and combined analysis of the two methods to investigate regional specialization and growth factors in the farming of major aquaculture species. Data from the Fishery Aquaculture Trend Survey for 2018 and 2023 were analyzed, covering 30 administrative districts with detailed production values. Results: The analysis reveals varying regional specializations in aquaculture across Korea, with the East Coast showing high specialization in yellowtail but low in other species, and the South Coast demonstrating diverse specialization patterns depending on the region. It highlights that while the East Coast excels in sea bream and yellowtail, and the West Coast in rockfish, regional competitiveness for other species varies. Conclusions: It provides insights into regional variations in aquaculture specialization and competitiveness, identifying key regions for each species and offering a basis for targeted policy development. It suggests more frequent assessments to accurately monitor regional trends.
Abstract
This study aims to assess the contribution of food donation to GHG (Greenhouse Gas) reduction to provide insights for sustainable business practices. We measure the effect of carbon emission reduction by avoiding the disposal of fresh and processed food donated through food banks and preventing additional fresh and processed food that would have been produced and grown without the donation. The analysis uses data on the quantity and donation value of 24,627 fresh and 733,222 processed food items donated by food banks in 2022. The result shows that the effect of carbon emission reduction through food bank donations of fresh food totaled 3,081 tons CO2- eq, and the impact of carbon emission reduction through those of processed food totaled 65,103 tons CO2-eq. As the socio-economic costs of food waste in Korea are increasing, redistributing surplus food products to the socially vulnerable is expected to become a representative alternative to reducing food waste.