- E-ISSN2288-2766
- KCI
E-ISSN : 2288-2766
Vol.7 No.4
Abstract
Purpose – Based on transaction cost perspective and institution-based perspective, this research attempts to investigate the effect of outsourcing on a firm’s performance and how it interacts with institutional context in which the firms operate. Research design, data, and methodology –With a sample of 164 manufacturing firms form South Korea, we examine the direct effects of outsourcing on the a firm’s level of product innovation and internationalization and the moderating effects of competitive pressure and property right protection as important external factors that could affect the effectiveness of outsourcing decision. Result – The findings show that outsourcing not only enhance a firm’s capability to concentrate on its core competencies, but also to increase a firm’s combinative capacity to acquire external knowledge. Furthermore, we finds that in a highly competitive environment, potential knowledge spillovers to other competitors may attenuate the potential benefits of outsourcing. Conclusion – Outsourcing can enhance a firm’s innovation activities by providing valuable access to external knowledge and also to complementary resources from the external partners, which in turn enables firms to focus on core competences.
Abstract
Purpose – The purpose of this paper is to examine total logistics concept performed by 3rd party logistics, managing with 4th party logistics to achieve more efficient and systematic dealing with sub functions of physical distribution process. Research design, data, and methodology – The research method to be adopted is first to review 3th party logistics providers that has attracted to various functions of 4PL be studied in details, and then total logistics concept to be investigated which is related to 3 PL and 4 PL. Results – To apply to total logistics concept implemented by 3PL, management technique should be widen, then 3 PL’s service activities and area should extend. Especially between the company and external organizations among collaboration effects, it is possible to collaborate with some commitments in terms of their own independent activities, carrying on inherent functions by both 3PL and 4PL, looking for total logistics concept. Conclusions – More areas of logistics service has been required by clients in the field, and service activities available is strongly related to roles of 3th party logistics providers as main player in logistics market. However, total logistics management is could be implemented by 3PL combining with various functions of logistics service offered by 4th logistics provider.
Abstract
Purpose – This study aims to analyze PASECO's environment and strategies during its advance into the Middle East to find out the success factors of the kerosene heater market and provide strategic implications for small and medium enterprises' growth based on these factors. Research design and methodology – This study analyzes the success factors of companies operating in the Middle East. As a case analysis study, the method of research analyzes case enterprises through existing literature, newspaper articles, and corporate interview materials. Results – PASECO’s success was shown by its high technological power in kerosene heater products, understanding customers' needs, understanding the Middle East market and localization strategy. Conclusions – PASECO has been constantly developing R&D capability to secure competitive products and has released localized products to enhance the satisfaction of its customers in the Middle East and has also been successful by constantly creating new opportunities. The firm’s success strategies provide implications for small and medium-sized businesses for greater growth.
Abstract
Purpose – Along with the rise of foreign investments in the Korean stock market, there has been a variety of studies on their influence. The conflicting findings on the question of information asymmetry of foreign investors among existing literatures appear to be a result of mixture of research method problems, what information is defined as being comparable, individual business levels, or the entire stock market. This paper empirically investigates what factors contribute to foreign investments in firms in the Korean stock market. Research design, data, and Methodology – Samples are constructed by manufacturing firms listed on the stock market of Korea as well as those who settle accounts in December from 2001 to 2018. Financial institutions are excluded from the sample as their accounting procedures, governance and regulations differ. This study adopted the panel regression model to assess the sample construction including yearly and cross-sectional data. Result – This paper find that firms’ R&D, dividends, size give significant positive impact to foreign investment, whereas debt gives significant negative impact to foreign investment. This relationship does not change when the samples are divided before and after the 2008 global financial crisis. Conclusion – This results support the literatures that foreign investors favor firms lowering their information asymmetry.
Abstract
This work tries to analyze the difference of technological innovative pattern by industry by identifying the major factors which can exert an effective influence on actual innovation output, utilizing the result of Korean Innovation Survey. By doing so, this work can make a comparison with Pavitt and succeeding discussion on sectoral pattern of innovation. Analysis on major industry in Korea shows that there are substantial differences in terms of the source of innovation, organization-related factor, and appropriation mechanism among each industry, and differential strategy to be proper for the nature of each industry is needed. There is some variation within industries which deemed as same type of sector defined by Pavitt.
