Managing complex MNEs: structural attributes of the MNE and expatriation strategies

This study explores how multinational enterprises (MNEs) manage a complex organizational network comprised of multiple subsidiaries widely dispersed across a range of locations. Based on an interorganizational network view of the MNE, we advance the literature on expatriation strategies by demonstrating the influence of structural attributes of the MNE that originate from a unique composition of differentiated subsidiaries. Based on an empirical investigation of 124 Korean MNEs and their expatriation decisions in 1,621 downstream subsidiaries, this study demonstrates that MNE structural attributes, such as multinationality, power structure, and regional dependence, have significant effects on expatriation strategies in MNEs in terms of two different aspects: the intensity of expatriation and the variation of expatriation level among subsidiaries. Our findings provide several important implications for both theory and practice

FINANCE MODELING OF A FLOATING OFFSHORE WIND PROJECT IN SOUTH KOREA WITHOUT GOVERNMENT SUBSIDES

The South Korean government is encouraging the active participation of power generation companies in the offshore wind power project by announcing the renewable energy certificates (REC) weighting plan. However, from a long-term perspective, offshore wind power must be able to generate profits without government support to demonstrate its business feasibility and attract the voluntary participation of power generation companies. This is because government support may be subject to change, depending on the internal and external political circumstances of the country. This report calculates the expected costs for a 495 MW floating offshore wind farm in the South Korea’s market environment and examine how the feasibility of the project shifts depending on the country’s current REC weights. Furthermore, this study intends to determine whether floating offshore wind power can generate profits without the Korean government’s support by calculating the expected profit in combination with the green hydrogen project. The net present value (NPV), levelized cost of energy (LCoE) and internal rate of return (IRR) indexes are calculated according to the project’s specific particularities, such as power purchase agreement, REC Weighting, distance from shore and sea depth. Based on this, an index-based comparison is revealed and the margin for profitability for such an investment is discussed

Naphthalimide Trifluoroacetyl Acetonate: A Hydrazine-Selective Chemodosimetric Sensor

The trifluoroacetyl acetonate naphthalimide derivative 1 has been synthesized in good yield. In acetonitrile solution, compound 1 reacts selectively with hydrazine (NH2NH2) to give a five-membered ring. This leads to OFF-ON fluorescence with a maximum intensity at 501 nm as well as easily discernible color changes. Based on a readily discernible and reproducible 3.9% change in overall fluorescence intensity, the limit of detection for 1 is 3.2 ppb (0.1 mu M), which is below the accepted limit for hydrazine set by the U.S. Environmental Protection Agency (EPA). Compound 1 is selective for hydrazine over other amines, including NH4OH, NH2OH, ethylenediamine, methylamine, n-butylamine, piperazine, dimethylamine, triethylamine, pyridine, and is not perturbed by environmentally abundant metal ions. When supported on glass-backed silica gel TLC plates, compound 1 acts as a fluorimetric and colorimetric probe for hydrazine vapor at a partial pressure of 9.0 mm Hg, with selectivity over other potentially interfering volatile analytes, including ammonia, methylamine, n-butylamine, formaldehyde, acetaldehyde, H2O2, HCl, and CO2 being observed. Probe 1 can also be used for the detection of hydrazine in HeLa cells and does so without appreciable interference from other biologically abundant amines and metal ions.U.S. National Science Foundation CHE-1057904Robert A. Welch Foundation F-1018CRI project grant from National Research Foundation of Korea (NRF)Korea government (MSIP) 2009-0081566Chemistr

Knowledge creation in IJVs: the mediating role of formal and informal communication

This study explores the path of knowledge creation in an international joint venture (IJV) by examining the distinctive mediating role of formal and informal communication. We present that an organizational learning platform, which includes commitment, cultural distance, and cultural alignment, is a crucial determinant for communication between partner firms that leads to new knowledge creation in IJVs. Using survey data collected from 136 Korean parent firms of IJVs, we find that an organizational learning platform of IJVs largely influences formal and informal communication between partners. Whereas commitment to partners and cultural distance between partners promote only formal communication, cultural alignment enhances both formal and informal communication. We also find that the impact of formal communication on IJV knowledge creation is greater than that of informal communication. Our findings provide important implications for managers of both IJVs and parent firms that aim to create new knowledge through IJVs