Against "Fascism" in Korean Liberation Space (1945-1950): Focusing on Kim Kirim's Writings for Peace
In: Asian Journal of Peacebuilding, Band 8, Heft 2, S. 291-308
ISSN: 2288-2707
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In: Asian Journal of Peacebuilding, Band 8, Heft 2, S. 291-308
ISSN: 2288-2707
In: Ageing international, Band 28, Heft 3, S. 279-294
ISSN: 1936-606X
In: Review of radical political economics, Band 48, Heft 4, S. 633-660
ISSN: 1552-8502
This study empirically tests whether the growing importance of shareholder value orientation and financial market liberalization can explain the decline in Korean real investment since the Asian financial crisis. First, the results indicate no negative relationship between increased payments to financial markets and the slowdown in Korean real investment. Second, the estimation results do not support the assertion that financial investment earnings crowd out Korean real investment. Third, an increase in the level of uncertainty from financial market liberalization reduces real investment by Korean firms. These results suggest that financial market liberalization explains the slowdown in Korean firm real investment for the 1990-2010 period better than shareholder value orientation does.
In: Review of radical political economics, Band 52, Heft 2, S. 259-286
ISSN: 1552-8502
This study looks at how financialization has changed technology innovation strategy. It is our contention that, as conditions of managerial myopia worsen in line with deepening financialization, economic entities direct technological innovation strategy toward incremental innovation at the expense of radical innovation that involves high-risk and long-term investment. We test this hypothesis on data for thirty-one OECD countries between 1990 and 2006 and use both generalized method of moments estimation and Poisson regression models. We find that, as financialization advanced, the radicalness of technological innovation declined, while the number of patent registrations increased. This finding could be the result of recent trends wherein financialization has led to a rise in corporate funding through financial markets and an increase in the importance of patents, which, in turn, has boosted the motivation of companies to increase their patent registrations quantitatively. On the other hand, the qualitative importance of these patents (radicalness of technological innovation) decreased over the period of study, reflecting growing short-termism in technological innovation strategy.
In: KIEP Research Paper. Long-term Trade Strategies Study Series 18-02
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