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The main objective of this study is to analyze cost-benefit and spillovers of horticulture breeding R&D. First part of this study is cost-benefit analysis and calculation of BEP. For the resonable result, input data is gathered by survey and statistics data. It is found that horticulture breeding R&D has 3.7～9.9 B/C rate. Especially fruit productions has the highest B/C rate which is 11.4～30.2. Second part of this study is spillovers evaluation in Korea economy. In this part, input-output table is used. The result of spillover evaluations is a relatively high level of spillover effects in terms of production inducement, employment inducement, value-added inducement. According to the result, horticulture breeding induces 15 billion won of total product, 7.5 billion won of total added value, 433 of total employment.

This paper empirically analyzed the impact of the performance evaluation system on public enterprises' productivity in Korea. The Korean government evaluates the performance of all the public enterprises every year, and the result determines the amount of monetary incentive for each firm. To find out the change in firm productivity after the implementation of the performance evaluation system, the fixed effects model was estimated using the firm-level panel data from 2000 to 2009. The result shows that the effect of the performance evaluation varied across the firms. It turned out that the performance evaluation increased the amount of value added and the level of labor productivity in the large-sized public enterprises. However, it had a negative effect on value added and labor productivity in the small-sized public enterprises. Also, the profit ratio increased after the performance has been evaluated only in the public enterprises whose labor input were above average.

The goal of this study is to measure the innovation capability of SMEs(Small and Medium-sized Enterprises), compare it with that of other developed and developing countries, and propose the policy to support the developmental plan for SMEs in South Korea. It is essential to perform an in-depth analysis of TFP(Total Factor Productivity) by decomposing it into productivity growth, technical progress, and efficiency change. The result is as follows: First, TFP and technical progress of South Korea present the higher growth rate than that of the developed countries and lower than that of China; Second, technical progress shows the most substantial impact on the growth of TFP in every country we have analysed; Third, it is observed that the gap of technical progress between the average and frontier firms has been recently widened; Lastly, the rate of TFP change is also influenced by the firm size and efficiency allocation. Government policy to enhance the technical competitiveness of Korean SMEs could be suggested as follows: First, an active participation in technical cooperation is required between large companies who have equipped the strong technical competence and small companies who lack of it; Second, government’s financial support for SMEs should be more inclusive and sufficient to the larger number of small enterprises; Third, distinctive rates of productivity growth among industries should be well aligned; Last, it is advised that SMEs’ expenditure of the government fund should be thoroughly monitored to make sure that it is allocated only to R&D activities.

The competence based trust and the benevolence based trust mediated the effect of ties between clients and consultants on consulting project performance in my study. The impact of ties between clients and consultants on the benevolence based trust was moderated by the client’s participation of consulting and the impact of the competence based trust on the consulting project performance was moderated by the consultant’s competence. From the above empirical analysis, we appreciated that the building of the strong trust relationship with ties in general between clients and consultants is very important to promote management performance and eventually maximize enterprise value. And it is very important to enhence the client’s participation of consulting and the consultant’s competence for systemetic increasing effects of the competence based trust and the benevolence based trust on the relationship between ties and consulting project performance within the clients and consultants.

This study analyzes the risk sharing in terms of consumption smoothing through the integration of financial markets. We analyze the effects of international financial integration on the risk sharing of country-specific idiosyncratic shocks to income in the East Asian Region. The results show that risk sharing was improved since 1997 when there was a financial crisis in Asia and the risk sharing effect has been enlarged. The risk sharing in the East Asian economy, however, is found to be still limited. Therefore, enhancing the level of financial market integration in East Asia requires the establishment of a mechanism to cope with the cases of unique impact for currency integration.

Based on understanding current issues of the domestic pharmaceutical industry, the present study attempted to seek proper ways to keep up with current affairs. Furthermore, we evaluated the management efficiency of Korean pharmaceutical firms listed in the KRX using an analysis of DEA model in order to look for effective ways allowing the firms to stand with the multinational pharmaceutical firms. In addition, our study suggested important factors affecting the management efficiency using a Tobit regression model. According to an efficiency analysis in 2011 for a CCR model, 12 DMUs were proved to be efficient and average efficiency of CCR was 0.85, showing that efficiency of overall DMUs was generally good. In addition, an analysis result of a BCC model indicated that 16 DMUs were efficiently measured and their average efficiency was 0.88. A Tobit regression model, which used input and output as independent variables and efficiency as dependent variable respectively, demonstrated that efficiency was negatively affected by input variables but positively affected by output variables. The result suggests that Korean pharmaceutical firms need more their efforts such as improvements of a production process and management environment than investment in input factors. In doing so, the firms needs fundamental changes in management strategies.

This paper investigates the relationship between market structure and productivity in the Korean economy. Market structure is measured by the markup ratio, that is, the degree to which prices are set over marginal cost. The paper's novel feature is that it employs SVAR models to identify shocks to market structure and to estimate their effect on labor productivity. Empirical findings of this paper show that labor productivity decreases in the short run after a shock that raises market concentration whereas labor productivity increases in the long run. This suggests that, based on the long-run effect on productivity, the Schumpeterian view on this issue seems valid in the Korean economy.

This study looks into the long run behavior of the productivity of world firms, measured by sales to asset ratios. By comparing the initial and ergodic distribution of the productivity distribution of the traditional industries(manufacturing of iron, electronic parts, and ship building etc.), we find that the productivity of world firms converges toward the world medium level, which means productivity gap among the world enterprises shrinks. This result implies that Korea's traditional industries, which are still enjoying the edge over other competitors, will face the possibility of falling behind by the catching up of competitors of the world. By looking at the change of individual firm's productivity to the average level of the same industry of the world, we also find that among the three countries(China, Japan, Korea), Korea has the highest ratio of falling behind and also it has even higher rate of falling behind compared to OECD and G20 countries. This means that the relative competitiveness of Korean firms are falling behind to its competitors of the world during the sample period.

It aims to empirically analyze the relationships between HRM practices(education and training, job security, incentive system, and career management) and financial performance and find out the mediating effects of organizational competences in the relationship between HRM practices and financial performance in the context of small and medium sized businesses. The major results are as follows: First, it was found that job security, incentive system and career management positively affect organizational innovation competences, while education and training didn’t influence organizational competences. Second, job security and incentive system affected financial performance in a positive way while education and training and career management didn’t directly affect financial performance. Third, organizational competences was found to partially mediate the relationship between job security and financial performance. Fourth, organizational competences partially mediated the relationship between incentive system and financial performance. Finally, firm size as control variable was found to have a significant positive effect on organizational financial performance, while it didn’t influence organizational competences.

The effect of merger for 25 credit unions is measured using the non-parametric method of SBM data envelopment analysis. Interest expense, administrative expense, and miscellaneous expense are used as inputs and loans, deposits, and operating income are employed as outputs. The efficiencies of pre-merger(1999), merger year(2000), and post-merger(2001, 2002, 2003, 2004) are estimated from the panel data. Mergers appear to have significantly improved only for the last pre-merger year(2004). This phenomenon occurred because the merging credit unions were not flexible to adapt to new economic environments quickly. Even if the efficiency changes were not statistically significant for the first four years(2000, 2001, 2002, 2003) after pre-merger, the number of credit unions that had the efficiency score which increased or stayed in efficiency score were 17(68%), 16(64%), 14(56%), and 18(72%) for the periods. This facts indicate that mergers positively affect the efficiency of the credit unions.

Information Integration is a core of IT application in the supply chain. The information integration, on the basis of information sharing between members and direct real-time access, is effective Bullwhip Effect, early detection of problems, Quick response and Building trust. Therefore, if it is possible the information integrate information, it can be managed effectively event that cannot be predicted. In this study, we present information systems integration as the infrastructure necessary for a company to manage the supply chain effectively, Trust is a prerequisite for Systems Integration. The reason of that, If the companies do not believe in each other, building of integrated information systems is impossible. And built a relationship of trust between companies to share information seamlessly and affects manufacturing productivity improvement of firms. In particular, event management by the information sharing between companies plays an important role in improving the manufacturing productivity of the company.

Direct marketing activity has grown rapidly during the last decade. This growth has been spurred by firms’ ability to directly measure the customer response to their marketing contacts and thus target the most likely responding and high-spending customers. However, the typical response rate to direct mailings is still low, and many recipients consider unsolicited mails, such as catalogs, ‘junk mails.’ This study proposes a model that would enable the direct marketing firm to understand the customer’s response behavior, evaluate its current mailing policy, and modify its current policy concerning who and when to mail. The response likelihood and response timing models in the study enable the firm to understand the customer’s response behavior. Inclusion of the firm’s customer selection decision in the model enables the firm to evaluate the current mailing policy. By analyzing the firm’s current mailing policy along with the customer’s response behavior, the firm is able to modify and increase effectiveness of its mailing policy. An application of the model to a database of a non-profit organization(charity) provides an interesting story and managerial insights about the firm’s mailing policy for different types of mailings in light of the customer’s likelihood of response and response timing. This study shows that the average donation amount and the number of mail received since last purchase have significant impacts on firm’s customer selection and customer’s response pattern.

This study analyzed the relationship condition between asset markets before and after the global financial crisis. As a result of the empirical analysis, there were differences in the market profit rate and decomposition between the stock market and real estate market in the syntonization verification, and accordingly, there was no appearance of syntonization phenomenon. Additionally, as a result of conducting the impulse response analysis, both the stock market and real estate market showed different responses about the shock of financial crisis before and after the occurrence. Moreover, as a result of conducting the variance decomposition, when the before and after conditions of the financial crisis were compared, it was displayed that the condition after the occurrence of the financial crisis caused one to be more influenced by other variables than oneself regarding the prediction error variance. Compared to how the real estate market responded through an 'L' shape regarding external shock before the global financial crisis, it responds with the shape of oblique line with low slope after the occurrence. Furthermore, even in case of the speed of response in consideration shown about the shock, it was much faster before the financial crisis. This phenomenon is assumed as a result of the learning effects displayed after the financial crisis in 1998.

This study analysed the difference of firm performance between family firms and non-family firms. I define family firms in three ways: whether the controlling family are or not, whether one or more members of controlling family participate in the board of directors, whether a member of controlling family is the CEO of firm. Our results suggest that family firms have better performance except family firms managed by a member of family as a CEO. This paper contributes to the literature on the family firms to find that the various results of previous researches are attributed to different definitions.

In this paper, Toyota crisis is viewed as a failure of TOYOTA’s ‘Made-in-Japan’ business model. GM clung to large cars and LCVs to get margin at easy market. It could not be sustainable, however, when the tide of high oil prices and environmental concerns were coming. TOYOTA could get markets of developed countries with high quality and efficient gas mileages. When the markets stuck and markets of BRICs were growing instead, TOYOTA could not offer reasonable prices to the consumers in BRICs. In the process of reducing cost to adapt the situation, TOYOTA was confronted with quality trap. By contrast, HYUNDAI penetrated into BRICs(China and India) and produced a lot of cars there. Owing to it HYUNDAI grew to one of top five makers in the world. These show that the business model has done important role in the competition among automotive companies.

This paper explored consumers' ecotourism purchasing intention and factors influencing the ecotourism purchasing intention, including' environmental concern, ecotourism attractiveness and the ecotourism purchasing intention. First, this study investigated how environmental concern affected ecotourism attractiveness, and then analyzed how ecotourism attractiveness influenced the ecotourism purchasing intention. Last, this study is to examine how the relationships among environmental concern, ecotourism attractiveness and the ecotourism purchasing intention are moderated by Inclusion of nature in the self. The data were obtained from a questionnaire handed out to a random sample of 760 individuals. With the information obtained, and after the scales validation process, a structural equation analysis has been conducted. The analysis results indicate that altruistic concern affects ecotourism attractiveness. According to the analysis, ecotourism attractiveness affect the ecotourism purchasing intention. In addition, the results show that the relationships among altruistic concern and ecotourism attractiveness are moderated by Inclusion of nature in the self. Finally, based in the findings of this study, theoretical contribution and managerial implications are discussed.

This study focuses on finding an alternative solution done on previous studies to the CSR activities and how CSR activities effect the continuous growth and financial performance of the companies. First, the result which used the integrated data from 2006 to 2012 has found that the effect of the foreign institutional investors’ ownership in this year on the total CSR activities of company in this year also the previous year is the significant positive relationship. Second, the effect of the total CSR activities in this year also the previous year on the firm value in this year showed the significant positive relationship. And the effect of the foreign institutional investors’ ownership in this year on the firm value in this year showed the significant positive relationship. In conclusion, the CSR activities can be the very strategic means which ultimately improves the firm value by the Foreign Institutional Investors' meaningful role. And the Foreign Institutional Investors as professionals for an efficient stock market constantly analyze the CSR activities and reflect them to the investment decision making process leading to an increase in firm value.

Recently, internet business based on social network is growing up quickly and electronic commerce industry is changing innovatively because of appearance of various social media service. Besides, it is to be a turning point in internet electronic commerce environment through function of personalization and intellectualization in social network structure. This study will seize about influencing factors of social commerce service of domestic social commerce users and suggest effective development plan in social commerce service by empirical study relationship with these factors and continuance intention through perceived usefulness and satisfaction. For this, research model applied prime variables of PAD(Pleasure, Arousal, Dominance) Theory emphasized consumer emotion is presented. To prove the research model empirically, the question investigation to undergraduate students who had experiences with social commerce was conducted. First of research results, pleasure showed positive impact on perceived usefulness and satisfaction. Second, arousal didn’t show positive impact on perceived usefulness and satisfaction. Third, dominance showed positive impact on perceived usefulness and satisfaction. Fourth, perceived usefulness showed positive impact on satisfaction. Fifth, perceived usefulness and satisfaction showed positive impact on continuance intention.