학술논문
The Dynamic Effects of Globalization on the Firm Performance: A Study on Korea Maritime and Fishery Companies
이용수 36
- 영문명
- The Dynamic Effects of Globalization on the Firm Performance: A Study on Korea Maritime and Fishery Companies
- 발행기관
- 한국무역학회
- 저자명
- 이동현 박희대 고중산
- 간행물 정보
- 『Journal of Korea Trade (JKT)』Vol.26 No.7, 127~144쪽, 전체 18쪽
- 주제분류
- 경제경영 > 무역학
- 파일형태
- 발행일자
- 2022.11.30
4,960원
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국문 초록
영문 초록
Purpose - This study aimed to analyze the dynamic effects of progress in globalization on firm performance by employing individual companies’ financial statement datasets.
Design/methodology - The analysis leveraged the variables of operating revenue (OPRE) and pre-tax profit and loss (PLBT) as measurement variables for firm performance over 2011-2019. As a proxy variable for globalization, the trade index, a subordinate indicator of the KOF Globalization Index, was used. Through panel regression analysis, the relationship among those variables was ascertained, and the local projection (LP) method was subsequently utilized to identify dynamic effects. A subsample analysis was further performed by classifying companies based on their sizes and industries to determine the differential effects of globalization on each group.
Findings - The panel regression analysis derived positive effects of an increasing degree of globalization on OPRE of Korea maritime and fishery firms. However, the impulse response functions, obtained from the LP, showed that in the short run, globalization affects PLBT negatively but in the long run, it gradually converted into a positive effect. In addition, according to the subsample analysis based on company size, the effects of globalization on OPRE became greater as each company became larger. Moreover, the industry-based analysis showed heterogeneous effects, depending on the industries in which the maritime and fishery companies operated.
Originality/value - The analysis of the dynamic effects of globalization on firm performance, which revealed that the effects vary depending on the time points, is the important contribution of this study. The results also suggest that the effects of globalization vary depending on the company size and industry.
목차
1. Introduction
2. Literature Review
3. Data and Empirical Method
4. Results
5. Conclusion
References
해당간행물 수록 논문
- Journal of Korea Trade Vol.26 No.7 목차
- Effects of Foreign Investor Ownership on a Firm’s Innovation Process: A Focus on Business-Group Affiliation in Korea
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- Analysis and Countermeasures on the International Competitiveness of Telecommunication Service Trade between China, Japan, and South Korea
- When does Improvisational Capability Matter to International Entrepreneurship? The Contingent Role of Home-Based Network Ties and the Boundary Condition of Competitive Turbulence
- Restitution as the Consequence of Frustration under English Law and Korean Law in a Comparative Perspective
- The Semiconductor Industry and High-Quality Economic Development: An International Perspective
- Mediating Effect of Information Sources and Platform Characteristics in E-commerce: A Comparison between Korea and China
- Substitution Elasticity and Gains from Trade Variety in South Korea
- The Dynamic Effects of Globalization on the Firm Performance: A Study on Korea Maritime and Fishery Companies
- An Analytical Study on the Importance and Performance of Factors of Online Video Usage: Focusing on the Comparison of Chinese and Korean Platforms
- A Comparative Study on the Application of the Force Majeure Clause in International Commercial Contracts between Korea and English in the Era of COVID-19
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