지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
초록· 키워드
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This empirical study applied panel data analyses techniques like fixed effects panel modelsfor Korean firms listed during 1991 till 2011, with data provided by KIS-Value database ofKorea Information Service to investigate the effects of various types of internal transactionsbetween affiliate firms within groups regarding firm exportation. The major findings aresummarized as follows. First, the more a firm transacts, by both purchasing and selling,internally with its affiliates, the more the firm exports. Second, the more a firm lends fundsinternally to its affiliates, the more the firm exports while the more a firm borrows fundsinternally from its affiliates, the less the firm exports, though there is no statisticalsignificance in the latter relationship. Third, the higher a firm's ownership is in its affiliates,the more the firm exports. Fourth, the larger a firm's ROA, debt ratio, and size, the higherwon/dollar exchange rate, and with an affiliation with group firms, the more the firm exports.
From the study, we can infer that affiliated firms with larger group firms could have exported so far more goods abroad, contributing to the rapid development of the Korean economy,which has followed an export-driven development policy.
목차
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참고문헌 (38)
참고문헌 신청
Martin, Anna D. / 1999 / Economic Exchange Rate Exposure of U. S. ‐Based MNCs Operating in Europe / Financial Review 34(2):21~36
Riyanto, Yohanes E. / 2008 / Tunneling and Propping : A Justification for Pyramidal Ownership / Journal of Banking & Finance 32(10):2178~2187
Shinkle, George A. / 2010 / Institutions, Size and Agein Transition Economies : Implications for Export Growth / Journal of International Business Studies 41(2):267~286
Ashbaugh-Skaife, H. / 2006 / The Effects of Corporate Governance on Firms’ Credit Ratings / Journal of Accounting & Economics 42 (1-2) : 203 ~ 243
Bertrand, M. / 2002 / Ferreting out Tunneling : an Application to Indian Business Groups / The Quarterly Journal of Economics 117 (1) : 121 ~ 148
Riyanto, Yohanes E. / 2008 / Tunneling and Propping : A Justification for Pyramidal Ownership / Journal of Banking & Finance 32(10):2178~2187
Shinkle, George A. / 2010 / Institutions, Size and Agein Transition Economies : Implications for Export Growth / Journal of International Business Studies 41(2):267~286
Ashbaugh-Skaife, H. / 2006 / The Effects of Corporate Governance on Firms’ Credit Ratings / Journal of Accounting & Economics 42 (1-2) : 203 ~ 243
Bertrand, M. / 2002 / Ferreting out Tunneling : an Application to Indian Business Groups / The Quarterly Journal of Economics 117 (1) : 121 ~ 148
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