The roles of hypocrisy induction and self construal theory to stop illegal downloading

The purpose of the study is to reveal how hypocrisy induction and self-construal theory influence attitudes toward the public service announcement urging against illegal downloading and the willingness to stop illegal downloading. As time goes on, illegal downloading has been rampant due to the advancement of technology, which motivates the government agencies involved in protecting intellectual property to conduct various campaigns. However, despite of their constant efforts, the previous methods such as legal punishment or monetary penalties categorized as an external factor have been ineffective to prevent illegal downloading. Therefore, the current study suggested a new strategy using hypocrisy induction and self-construal theory considered as an internal factor which spontaneously enocourage people to stop illegal downloading. To test hypotheses, a 3 (types of hypocrisy: hypocrisy induction by independent means vs. hypocrisy induction by interdependent means vs. control) X 2 (types of message in public service announcements: a personal perspective vs. a social perspective) between-subjects design was employed. The results showed that hypocrisy induction significantly affected attitudes toward the public service announcements and the willingness to stop illegal downloading. In addition, the interaction effect between types of hypocrisy and types of message was significant. Therefore, the study concluded that hypocrisy induction and self-construal theory would play an important role in preventing illegal downloading.Advertisin

Motivations for Public Equity Offers: An International Perspective

This paper examines the extent to which investment financing and market-timing explanations motivate public equity offers. We consider a sample of 16,958 initial public offerings and 12,373 seasoned equity offerings from 38 countries between 1990 and 2003. We provide estimates of the change in each accounting variable for each dollar raised in an equity offer, and for each dollar of internally generated cash. Our estimates imply that firms invest 18.8 cents in R&D and 7.3 cents in capital expenditures for an incremental dollar raised in an equity offer during the year following the offer, rising to 84.8 cents and 14.3 cents when the change is measured over a four-year period. These findings are consistent with one motive for the equity offer being to raise capital for investment. However, firms also hold onto much of the cash they raised, and this fraction is higher when the firm has a high q. In addition, firms are more likely to issue secondary shares, which are usually sold by insiders, when q is high, enabling insiders to benefit personally from potential overvaluation. These results suggest that market timing as well as investment financing is a motivation for equity offers.

The Potential Driving Forces of Wealth Accumulation by South Korea’s Leading Shipbuilding Giants: Wage-Labor Nexus and Dual-channel Capital Accumulation

Abstract. This study explores how institutional factors increase the possibility of Korea’s three main shipbuilders’ capital accumulation and what effect institutional factors have on their capital accumulation. By examining the structural features of these shipbuilders’ labor and changes in their wage-labor nexus, the mechanisms of dual-channel capital accumulation are better understood. Ultimately, our findings show that dual-channel capital accumulation, which allows three shipbuilders to secure the practicality of overall loss minimization or overall profit maximization, has been created through the evolution of their labor structure.Keywords. Dual-channel capital accumulation, Wage–labor nexus, Korean shipbuilders, Structural transformation, Shipbuilding and offshore industry.JEL. D22, J21, J31, L62

Transformation towards overseas-oriented expansion: the evolution of Hyundai Motor Group’s production structure

In this paper, we analyze the Hyundai Motor Group’s newly evolved-production structure to illustrate the evolution of a corporate system. Specifically, we explore why Hyundai Motor Group’s domestic-oriented production structure could be maintained until the more recent history of Korea’s domestic automobile market. Our findings show that since 2012, the Hyundai Motor Group’s production structure—which has been affected by internal and external factors in the automobile market—has transformed from a domestic-oriented production structure to an overseas-oriented production structure. Our findings further demonstrate that both technical factors embedded in the Hyundai Motor Group’s production system and non-technical factors that strive to equate the production conditions in the Group’s foreign and domestic facilities support the smooth operation of the overseas-oriented production structure.Keywords. Corporate system, Production structure, Automobile industry, Hyundai Motor Group, Evolutionary transformation.JEL. F23, L 11, L62, M21

Structural Features and Mechanisms of The Korean Powerhouses: What Makes These Niche Companies Leaders in The Global Market?

Abstract. This study explores the structural features and mechanisms that allow relatively small Korean companies to secure dominant market positions in their respective business sectors. By examining five specific aspects of their operations (financing structure, financial structure, growth structure, R&D activities, and business structure), the source of these companies’ unique success is better understood. Ultimately, our findings show that when these five aspects work together as a single and highly efficient “machine,” these Korean powerhouses are able to secure and maintain dominant market positions in the global market. Further, we extend the concept of Korean hidden champions based on the various results of our analysis to propose six criteria useful to redefining them as Korean powerhouses.Keywords. Corporate systems, Hidden champions, Global market leaders, Korean companies, Structural diversityJEL. L6, M2, M21