This paper examines how the real option value of R&D expenditure in financial market changes as time proceeds. It examines the relations between the R&D capital and the firm value for 4 years from the time a firm increases its R&D expenditure unexpectedly. The results show that the financial...

During the last two decades, a number of studies have documented how initial public offerings (IPOs) of equity often exhibit underpricing; such studies have also attempted to identify the reasons for this underpricing phenomenon. Utilizing information asymmetry theory and signaling theory, many...

This paper examines the impact of internationalization on the product, process and organizational innovations of Korean service firms. Despite the increasing importance of the service sector and the discrepancies in the natures of the manufacturing and service industries, the...

This paper examines the impact of internationalization on the production, process, and organizational innovations of Korean service firms. While the effect of foreign activities on organizational learning has been progressively revealed mostly in the manufacturing sector, the question remains...

Earnings management at the time of the IPO is an important issue and has captured considerable attention of academic literatures. However, there have been few studies testing earnings management in the context of market condition, and when financial intermediaries such as venture capital (VC)...

This paper employs an interdisciplinary approach that combines economics with Fuzzy Analytic Hierarchy Process (FAHP) approach to de-codify the anatomy of free trade agreements (FTA) determinants focusing, in particular, on the case of EU-India FTA. The novelty of this paper is the systematic...

Korean Abstract: 신남방지역에서 한국기업의 수주규모는 2018년 10월 기준 98.9억 달러(전체 수주액의 40.9%)를 기록해 85.7억 달러를 수주한 중동(35.5%)을 넘어 최대 수주처로 부상했다. 이러한 성과는 건설 수요가 높은...

Corporate strategies should include the following consideration: earnest desire for entry into the domestic market maintaining sound labor relations and prompt response to rising wages securing professional workers with experience in the local market and sound location