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Post-socialist China: Labour relations in Korean-managed factories
Routledge 2007 JOURNAL OF CONTEMPORARY ASIA Vol.37 No.3
<P> How are labour relations practiced in Korean-managed factories in China? It is often said that labour relations in Korean transnational factories are abusive, even despotic. In this article, I argue that the disciplinary nature of labour relations in Korean factories in China is more complex and so multi-dimensional that they cannot be characterised as a simple economic matter of labour exploitation. These relations entail hierarchical segregation, normalising workers' behaviour through fines and salary reductions, personal degradation and dissimilar cultural practices.</P>
Governance Inhibitors in IT Strategy and Management: An Empirical Study of Korean Enterprises
Lee, Junghoon,Lee, Chihoon,Jeong, Kap-Young Routledge 2008 Global economic review Vol.37 No.1
<P> In recent years, increasing numbers of businesses worldwide have standardized their governance practices in an attempt to improve control over their corporate assets. The term “IT Governance (ITG)” indicates businesses' growing need to find a balance between the conformance (or conformity to regulatory standards) and performance goals mandated by their boards. Many leading organizations have turned to ITG to pursue gains in efficiency, accountability, and compliance; they have not, however, succeeded in implementing coherent information technology (IT) schemes on account of a number of challenging issues. Korean companies in particular face an urgent need to formulate workable modes of ITG, as the disproportion between Korea's extremely high IT capability and poor ITG practices is especially marked. Despite academics and practitioners' growing interest in ITG, few studies to date have characterized the practical inhibitors frustrating the implementation of effective ITG. This paper, therefore, aims to examine empirically how inhibiting features associated with ITG affect the maturity level of IT activities. A survey of 96 leading enterprises in Korea, who generally saw ITG as an innovative enabler but lacked a good ITG structure themselves, showed a strong relationship at a causal level between an enterprise's “lack of IT principles and policies” and its ITG success.</P>
Daamen, Bas,Hennart, Jean-Francois,Kim, Dong-Jae,Park, Young-Ryeol Routledge 2007 Global economic review Vol.36 No.1
<P> This study aims to investigate the liability of foreignness, or the additional difficulties of foreign companies compared to their local competitors. Past studies have found fair amount of empirical evidences for the liability of foreignness. The present study attempts to take one step further by addressing two questions: what are the sources of such disadvantages and what are the solutions sought by the companies? To do this, we conducted a field study exploring the on-going dynamics of foreign multinationals. Specifically, we collected primary data through interviews with Dutch and Korean managers of Korean multinational companies. Through the interviews, we found evidence for the existence of such disadvantages. We identified four sources of the liability of foreignness - cross-border transfer, interaction with the local government, local discrimination, and interaction within the multinational - and two ways in which these companies actively reduced their exposure to the problem - localization and unfamiliarity reduction. This study should be useful to both practitioners and theorists in international business with an interest in disadvantages connected to the foreign status of a company.</P>
Currency risks hedging for major and minor currencies: constant hedging versus speculative hedging
Routledge 2010 Applied Economics Letters Vol.17 No.3
<P> Focusing on the recent experience of major and minor currencies, this study examines the effectiveness of constant hedge and speculative hedge respectively with the objective of identifying whether there are any significant differences between both hedges. Our finding is that the speculative hedge is very slightly more effective than the constant hedge in reducing the currency risk. This supports that the speculative hedge about major currencies can be a relevant hedging tool. The analysis also shows that our multiple currency futures hedge can be a good hedging instrument for some minor currencies such as Cyprus pound.</P>