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Although the existing literature on green innovation has little focus on the mediation role of open innovation, we aimed to explore how intellectual property rights and government support affect green innovation through open innovation. Drawing upon open innovation literature, this paper aims to investigate, at the firm level, the structural causality between internal and external resources and examine the role of open innovation on green innovation divided into green process and green product innovation. We attempt to suggest a structural model comparing open innovation's direct and mediating role using data from manufacturing sectors in South Korea from 2014 to 2016. The methodology was based on the partial least square structural equation method (PLS-SEM) with 1203 samples. The results revealed that a firm's intellectual property rights and government support significantly affect open innovation, green process innovation, and green product innovation while open innovation played a mediating role between each. Additionally, we provide a supplementary analysis using the sample-split test by comparing the sensitivity to partner selection and the multigroup test by firm size. This study proposes several implications emphasizing the mediating role of open innovation in enhancing green process innovation along with the direct and indirect effect of intellectual property rights and government support on green innovation.
Taewoo Roh; Kangmun Lee; Ji Yeon Yang. How do intellectual property rights and government support drive a firm's green innovation? The mediating role of open innovation. Journal of Cleaner Production 2021, 317, 128422 .
AMA StyleTaewoo Roh, Kangmun Lee, Ji Yeon Yang. How do intellectual property rights and government support drive a firm's green innovation? The mediating role of open innovation. Journal of Cleaner Production. 2021; 317 ():128422.
Chicago/Turabian StyleTaewoo Roh; Kangmun Lee; Ji Yeon Yang. 2021. "How do intellectual property rights and government support drive a firm's green innovation? The mediating role of open innovation." Journal of Cleaner Production 317, no. : 128422.
With the classification of debt financing into private debt (borrowing) and public debt (bond), this study aims to figure out the relationship between corporate debt financing and transparent accounting information sustainability. Debt financing of a firm was measured as a ratio of private debt to sum of private and public debt while sustainability of transparent accounting information was measured as a matching level. The sample is selected from corporations listed on the stock market in the Republic of Korea, except for the financial industry, from 2011 to 2018. As a result, the ratio of private debt of a firm was found to have a negative relationship with the matching level. It indicates that the ratio of high-private debt of a firm reduces the matching level. These results were found to be consistent even using various methodologies (e.g., Prais–Winsten, and Newey–West). This study confirmed the negative sustainability of transparent accounting information when the ratio of borrowings in corporate financing is high. Our implications that different financing methods can have different effects on the sustainability of corporate transparent accounting information.
Hyun-Uk Jung; Tae-Hyoung Mun; Taewoo Roh. Does Debt Financing Affect the Sustainability of Transparent Accounting Information? Sustainability 2021, 13, 4052 .
AMA StyleHyun-Uk Jung, Tae-Hyoung Mun, Taewoo Roh. Does Debt Financing Affect the Sustainability of Transparent Accounting Information? Sustainability. 2021; 13 (7):4052.
Chicago/Turabian StyleHyun-Uk Jung; Tae-Hyoung Mun; Taewoo Roh. 2021. "Does Debt Financing Affect the Sustainability of Transparent Accounting Information?" Sustainability 13, no. 7: 4052.
As social problems become more extensive and diverse, one of the most critical capabilities of social entrepreneurs is connecting and aligning various stakeholders. Social entrepreneurs can solve problems better through collaboration with stakeholders, and this leads to sustainable innovation of society. Accordingly, social entrepreneurship education (SEE) programs should be designed and operated to cultivate social entrepreneurs’ abilities to enhance connectivity with all relevant entities of the social enterprise ecosystem. Consequently, SEE can form ever-growing communities of social entrepreneurs while functioning as innovation hubs for entrepreneurial ecosystems (EEs) evolving on their own. To this end, this study proposes a design and assessment framework for SEE. The framework emphasizes strengthening internal connectivity among SEE program members and external connectivity with outside entities, including universities, firms, government agencies, civil societies, and natural environments. This framework clarifies how and to whom social entrepreneurs should connect throughout the SEE process. This paper analyzes the case of an MBA degree SEE program in Korea using this framework and identifies directions for further improvement of SEE, contributing to the social entrepreneurship and entrepreneurship education literatures by integrating SEE’s key features with social theories of learning and the quintuple helix model for sustainable innovation ecosystems. Practically, our findings provide a useful benchmark to find isolated internal and external entities that need more active interactions to achieve SEE’s purposes.
Moon Kim; Ji-Hwan Lee; Taewoo Roh; Hosung Son. Social Entrepreneurship Education as an Innovation Hub for Building an Entrepreneurial Ecosystem: The Case of the KAIST Social Entrepreneurship MBA Program. Sustainability 2020, 12, 9736 .
AMA StyleMoon Kim, Ji-Hwan Lee, Taewoo Roh, Hosung Son. Social Entrepreneurship Education as an Innovation Hub for Building an Entrepreneurial Ecosystem: The Case of the KAIST Social Entrepreneurship MBA Program. Sustainability. 2020; 12 (22):9736.
Chicago/Turabian StyleMoon Kim; Ji-Hwan Lee; Taewoo Roh; Hosung Son. 2020. "Social Entrepreneurship Education as an Innovation Hub for Building an Entrepreneurial Ecosystem: The Case of the KAIST Social Entrepreneurship MBA Program." Sustainability 12, no. 22: 9736.
In this study, we underline the importance of the relationship between absorptive capacity and an acquiring firm’s post-merger performance following the acquisition of a target firm’s knowledge through cross-border mergers and acquisitions (CBMAs). We analyzed CBMAs between developed countries to highlight how realized absorptive capacity plays a crucial part in a firm’s achievement of CBMA sustainability. Using United States CBMA transactions with other developed countries during 2000–2014, our findings suggest that an acquiring firm’s greater absorptive capacity leads to better post-merger performance. More interestingly, compared to for domestic M&As, the direct effect between absorptive capacity and post-merger performance was found to be more positively related in CBMA transactions, even when we applied propensity-score matching (PSM) and Heckman’s selection model to the same estimation. In addition, we introduce four moderating variables that could either intensify or lessen a firm’s effort to seek external knowledge for organizational growth. In terms of an acquiring firm’s strategic behavior, we find that paying in cash and past CBMA experiences positively influence a firm’s post-merger performance. For a target firm’s knowledge assets, we show that when a target firm possesses more strategic assets, they reinforce the acquiring firm’s post-merger performance, and when the target firm is in a high-tech industry, the acquiring firm’s post-merger performance is weakened. Our study contributes to the CBMA literature by incorporating the concept of a knowledge-based view and by empirically testing the different effects of absorptive capacity between domestic M&A and CBMA and how both strategic behavior and a target firm’s knowledge assets affect a firm’s post-merger performance related to CBMA sustainability.
Yunjae Bae; Kyungsuk Lee; Taewoo Roh. Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets. Sustainability 2020, 12, 8396 .
AMA StyleYunjae Bae, Kyungsuk Lee, Taewoo Roh. Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets. Sustainability. 2020; 12 (20):8396.
Chicago/Turabian StyleYunjae Bae; Kyungsuk Lee; Taewoo Roh. 2020. "Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets." Sustainability 12, no. 20: 8396.
This study aims to identify factors and paths affecting payment for forest ecosystem service based on evidence from the voluntary forest carbon market in South Korea. The study was built based on the theory of planned behavior and institutional theory. The survey was conducted to 24 private forest owners, 21 workers of local governments, 9 of public institutes, and 6 of private companies. Partial least squares structural equation model was applied to verify the hypothetical structural model displaying the effects among the constructs of subjects’ recognition, intention, and behavior in participating in the forest carbon offset project. Results showed that raising awareness of forest carbon offset (FCO) is essential for revitalizing the forest carbon market. In addition, it was found that forest managers’ expectations for FCO were practical operations. Moreover, with the presence of intent to participate in the FCO, the FCO market could be revitalized only by increasing the intention of use in the management aspect and by increasing the commitment of the owner and CEO to this project. The detailed theoretical and managerial implications based on the findings are discussed in the paper.
Jang-Hwan Jo; Taewoo Roh; Jongmin Hwang; Kyeong-Hak Lee; Changbae Lee. Factors and Paths Affecting Payment for Forest Ecosystem Service: Evidence from Voluntary Forest Carbon Market in South Korea. Sustainability 2020, 12, 7009 .
AMA StyleJang-Hwan Jo, Taewoo Roh, Jongmin Hwang, Kyeong-Hak Lee, Changbae Lee. Factors and Paths Affecting Payment for Forest Ecosystem Service: Evidence from Voluntary Forest Carbon Market in South Korea. Sustainability. 2020; 12 (17):7009.
Chicago/Turabian StyleJang-Hwan Jo; Taewoo Roh; Jongmin Hwang; Kyeong-Hak Lee; Changbae Lee. 2020. "Factors and Paths Affecting Payment for Forest Ecosystem Service: Evidence from Voluntary Forest Carbon Market in South Korea." Sustainability 12, no. 17: 7009.
As the mobile application market rapidly expands, the mobile shopping market is also expected to follow suit. Further, a new form of online-to-offline (O2O) services available in mobile shopping applications, which helps users instantly search for what they want online, try them in the offline stores nearby, and pay online, is becoming increasingly popular. Thus, our study investigates the effects of O2O-based mobile shopping application (MSA)’s information and service quality on the user’s perceived privacy protection, satisfaction, and loyalty. In this study, we collected 1063 questionnaire responses, out of which 969 were used to estimate the structural paths using PLS-SEM (partial least-square structural equation model) for the hypothesis test. Our empirical findings are drawn from Chinese respondents who use Chinese leading MSAs, such as Baidu, Alibaba, and Tencent. We confirm that qualified information and services of O2O MSAs positively affect both perceived privacy protection and customer satisfaction, which finally lead to customer loyalty through the lens of the information systems success model. Further, we present effective practical implications for business strategy and application characteristics suitable for users in the O2O-based mobile shopping industry.
Yaeri Kim; Qiran Wang; Taewoo Roh. Do information and service quality affect perceived privacy protection, satisfaction, and loyalty? Evidence from a Chinese O2O-based mobile shopping application. Telematics and Informatics 2020, 56, 101483 .
AMA StyleYaeri Kim, Qiran Wang, Taewoo Roh. Do information and service quality affect perceived privacy protection, satisfaction, and loyalty? Evidence from a Chinese O2O-based mobile shopping application. Telematics and Informatics. 2020; 56 ():101483.
Chicago/Turabian StyleYaeri Kim; Qiran Wang; Taewoo Roh. 2020. "Do information and service quality affect perceived privacy protection, satisfaction, and loyalty? Evidence from a Chinese O2O-based mobile shopping application." Telematics and Informatics 56, no. : 101483.
This study aims to take another look at corporate social responsibility (CSR) dimensions in airline industries and identify the moderating effects of socio-economic characteristics on customer loyalty. We applied Carroll’s four CSR dimensions and reorganized economic and legal responsibilities under ‘required CSR’ and philanthropic and environmental responsibilities under ‘desired CSR’. The current study reveals that customer loyalty increased when customers perceived airlines to be practicing desired CSR, but not for required CSR. However, this effect varies depending on the expected moderator of socio-economic variables. Regarding required CSR, customers with higher levels of either income or formal education showed increased customer loyalty. However, for desired CSR, only customers with higher levels of education showed significantly increased customer loyalty. Thus, the research findings imply that in order to effectively deliver CSR strategies, airline CSR initiatives also need to take into consideration the socio-economic levels of targeted consumers.
Yaeri Kim; Seojin Stacey Lee; Taewoo Roh. Taking Another Look at Airline CSR: How Required CSR and Desired CSR Affect Customer Loyalty in the Airline Industry. Sustainability 2020, 12, 4281 .
AMA StyleYaeri Kim, Seojin Stacey Lee, Taewoo Roh. Taking Another Look at Airline CSR: How Required CSR and Desired CSR Affect Customer Loyalty in the Airline Industry. Sustainability. 2020; 12 (10):4281.
Chicago/Turabian StyleYaeri Kim; Seojin Stacey Lee; Taewoo Roh. 2020. "Taking Another Look at Airline CSR: How Required CSR and Desired CSR Affect Customer Loyalty in the Airline Industry." Sustainability 12, no. 10: 4281.
We investigate the impact of proactive divestitures on innovative activities at a firm-level. Research concerning the relationship between proactive divestiture and innovation performance remains unexplored and requires a close investigation. Furthermore, we argue that proactive-divestiture is an essential means to achieve corporate sustainability by fostering innovation outcomes. To explore such a relationship, this study integrates research on knowledge-based view and organizational inertia and encompasses the model of financial distress. We hypothesize that proactive divestiture increases both the firm’s R&D intensity and the number of patents and propose that prior divestiture experiences and divested-unit size would moderate this relationship. Results indicate that proactive post-divestiture firms have increased in R&D inputs but not significantly in output. We found mixed results for such a relationship as prior experiences increased, but interestingly, the relationship revealed to be more significant for both input and output as divested-unit size decreased. This study contributes to our understandings of how proactive divestiture can reinforce knowledge capacity, distant from a traditional resource-based view that mainly regarded divestiture as a mere responsive action vis-à-vis financial pressure.
Kyungsuk Lee; Taewoo Roh. Proactive Divestiture and Business Innovation: R&D Input and Output Performance. Sustainability 2020, 12, 3874 .
AMA StyleKyungsuk Lee, Taewoo Roh. Proactive Divestiture and Business Innovation: R&D Input and Output Performance. Sustainability. 2020; 12 (9):3874.
Chicago/Turabian StyleKyungsuk Lee; Taewoo Roh. 2020. "Proactive Divestiture and Business Innovation: R&D Input and Output Performance." Sustainability 12, no. 9: 3874.
Due to global interest in the improvement of national income and quality of life, eco-labeled food (ELF) for sustainable consumption and personal healthcare has been increasing. This study aims to contribute to two research streams by examining the quality of ELF in forests (ELFF). First, this study intends to estimate the willingness to pay (WTP) of ELFF producers for the certification verified by the government-supported institution and investigate the difference in certification costs between the actual certificating authority and ELFF producers. Second, this study aims to figure out the perception mechanism of how consumers who would like to purchase ELFFs recognize the effect of enhanced certification. These efforts may contribute to the research on how to raise interest in the production of ELF-related products and sustainable consumption. To achieve the purpose of this study, we adopted contingent valuation methods (CVM) to measure WTPs using interview-based surveys with 40 ELF producers and ordinary least squares (OLS) regression to examine the effect of certification with 112 consumers who experienced ELF consumption. Results of this study provide theoretical and practical implications by looking at the relationship between ELF certification and sustainable consumption from a stakeholder's perspective. This study intends to expand the research field of ELF from agriculture to forestry products. It provides a basis for providing practical implications for policymakers who propose sustainable consumption.
Jang-Hwan Jo; Ji Yeon Yang; Taewoo Roh. Willingness to Pay for Eco-Labeled Food in Forests: Integrated View from South Korea. Sustainability 2019, 11, 6534 .
AMA StyleJang-Hwan Jo, Ji Yeon Yang, Taewoo Roh. Willingness to Pay for Eco-Labeled Food in Forests: Integrated View from South Korea. Sustainability. 2019; 11 (23):6534.
Chicago/Turabian StyleJang-Hwan Jo; Ji Yeon Yang; Taewoo Roh. 2019. "Willingness to Pay for Eco-Labeled Food in Forests: Integrated View from South Korea." Sustainability 11, no. 23: 6534.
This study proposes that leaders and followers in university team projects should have authentic leadership (AL) themselves in order to improve the overall performance of the team project. While previous studies have focused mainly on achieving performance through AL on the firm level, this study endeavored to examine the relationship between university students who are expected to serve in an organization’s human resources department in the future and followers’ project performance (FPP). This study also considers both followers’ positive psychological capital (FPPC) and their authentic followership (AF), which can be affected by the degree of AL. In order to verify the hypotheses, we adopted a partial least square-structural equation model (PLS-SEM) with 175 samples of valid data from two universities in South Korea. Results showed that all four hypotheses, including the direct and indirect effects, were significantly corroborated. In compliance with these results, this study suggests that a leader’s AL should be a prerequisite to improve FPP. Furthermore, this study establishes the importance of FPPC through the fact that when a leader is authentic, FPPC and FPP can be cultivated. Having compared our findings with previous research, we predict that if students develop AL at university before becoming part of an organization, they will contribute to the performance of the university as well as to attaining the organization’s sustainable performance as a member.
Jingyu Tak; Jeongeun Seo; Taewoo Roh. The Influence of Authentic Leadership on Authentic Followership, Positive Psychological Capital, and Project Performance: Testing for the Mediation Effects. Sustainability 2019, 11, 6028 .
AMA StyleJingyu Tak, Jeongeun Seo, Taewoo Roh. The Influence of Authentic Leadership on Authentic Followership, Positive Psychological Capital, and Project Performance: Testing for the Mediation Effects. Sustainability. 2019; 11 (21):6028.
Chicago/Turabian StyleJingyu Tak; Jeongeun Seo; Taewoo Roh. 2019. "The Influence of Authentic Leadership on Authentic Followership, Positive Psychological Capital, and Project Performance: Testing for the Mediation Effects." Sustainability 11, no. 21: 6028.
Purpose - This paper tried to identify the impact of electronic word of mouth (eWOM) on purchase intention (PI) of Korean-brand cars in the context of...
Yu Evgeniy; Kangmun Lee; Taewoo Roh. The Effect of eWOM on Purchase Intention for Korean-brand Cars in Russia: The Mediating Role of Brand Image and Perceived Quality. Journal of Korea Trade 2019, 23, 102 -117.
AMA StyleYu Evgeniy, Kangmun Lee, Taewoo Roh. The Effect of eWOM on Purchase Intention for Korean-brand Cars in Russia: The Mediating Role of Brand Image and Perceived Quality. Journal of Korea Trade. 2019; 23 (5):102-117.
Chicago/Turabian StyleYu Evgeniy; Kangmun Lee; Taewoo Roh. 2019. "The Effect of eWOM on Purchase Intention for Korean-brand Cars in Russia: The Mediating Role of Brand Image and Perceived Quality." Journal of Korea Trade 23, no. 5: 102-117.
The current study aims to suggest a modified pyramid of corporate social responsibility (CSR) in the airline industry and find the moderating effects of consumer’s CSR experience (CSRE). Although previous studies proved the positive effects of CSR, there are surprisingly few research studies that incorporate Carroll’s fundamental CSR and specific issues of environmental responsibility in the airline industry as the integrated model. Thus, we suggest an alternative perspective of CSR, which can apply exclusively in the airline industry. Second, the moderating role of CSRE is demonstrated in a critical manner. To be specific, we hypothesize that sharing the same experience of altruistic motives may increase intimacy between the company and consumers, which affects a positive CSR evaluation. Therefore, consumers sharing the CSRE may perceive the CSR initiative more positively when compared to those who were not involved in the CSR programs before. By using the structural equation model (SEM) and ordinary least square (OLS) regression, we examined the effects of the modified pyramid of CSR on the corporate image (CI) and the moderating role of CSRE on customer loyalty (CL). The findings suggest that airline managers should consider environmental responsibility in CSR activities and design a variety of programs that should be designed to enhance consumers’ CSRE.
Seojin Stacey Lee; Yaeri Kim; Taewoo Roh. Modified Pyramid of CSR for Corporate Image and Customer Loyalty: Focusing on the Moderating Role of the CSR Experience. Sustainability 2019, 11, 4745 .
AMA StyleSeojin Stacey Lee, Yaeri Kim, Taewoo Roh. Modified Pyramid of CSR for Corporate Image and Customer Loyalty: Focusing on the Moderating Role of the CSR Experience. Sustainability. 2019; 11 (17):4745.
Chicago/Turabian StyleSeojin Stacey Lee; Yaeri Kim; Taewoo Roh. 2019. "Modified Pyramid of CSR for Corporate Image and Customer Loyalty: Focusing on the Moderating Role of the CSR Experience." Sustainability 11, no. 17: 4745.
This paper addresses an analysis of a recent debate in South Korea on energy efficiencies between a combined heat and power system with district heating (CHP-DH) and separate heat and power system (SHP) by applying a scenario analysis technique. In accordance with the Low Carbon Green Growth strategy where the rise of social awareness for energy savings is imminent, various scenarios were considered including CHP-DH (excluding waste heat recovery) versus SHP and CHP-DH (including waste heat recovery) versus SHP. To analyze the satisfaction on energy efficiency of each heating system, nationwide average field data were acquired via a survey with the help of the Korea District Heating Corporation (KDHC), and a comprehensive model for measuring sustainable value related to energy consumption, including economic (ECON), non-economic (NECON), and environmental (ENV) values were presented based on customer satisfaction (SAT). As a result of the structural equation model (SEM) and ordinary least squares (OLS) regression, variations of energy efficiencies of each heat and power delivery system are rather distinctive among different scenarios due to the performance characteristics of each system in the field. The energy savings of CHP-DH systems owned by KDHC, based on nationwide average performance, was found to be higher than the SHP system by 3.25% to 18.1%. While the effect of NECON and ENV on SAT was not significant in SHP, it was significant in CHP-DH. Based on these results, rational decisions can be made to lead the government and energy consumers to maximize energy efficiency, especially in South Korea, where the energy market heavily relies on foreign countries.
Chulseung Lee; Jaechan Park; Kangmun Lee; Ji Yeon Yang; Taewoo Roh. Energy Efficiency for Supplier and Sustainability for Demand: A Case of Heating Systems in South Korea. Sustainability 2019, 11, 4216 .
AMA StyleChulseung Lee, Jaechan Park, Kangmun Lee, Ji Yeon Yang, Taewoo Roh. Energy Efficiency for Supplier and Sustainability for Demand: A Case of Heating Systems in South Korea. Sustainability. 2019; 11 (15):4216.
Chicago/Turabian StyleChulseung Lee; Jaechan Park; Kangmun Lee; Ji Yeon Yang; Taewoo Roh. 2019. "Energy Efficiency for Supplier and Sustainability for Demand: A Case of Heating Systems in South Korea." Sustainability 11, no. 15: 4216.
This study aims to identify the factors determining the forestry household income in South Korea. An empirical analysis was conducted on the Korea Forest Service’s 3-year-panel data. Korea Forest Service is an institution responsible for the sustainable management of South Korea’s forest lands. In the study, the hypothesized factors determining the forestry household income are classified into four types of assets and three types of livelihood strategies. The forestry household income (FHI) is divided into three elements: forestry income (FI), non-forestry income (NFI), and transfer income (TI). The influence of household assets and livelihood strategies on each income were also assessed. A random effect model was used as a statistical analysis of the three-year data of 979 forestry households. Based on the analysis, we found that household head’s age, household head’s labor capacity, savings, business type, cultivated land size, and region are significantly associated with FHI. While FI was influenced by labor capacity, cultivated land size, business type, forestry business portfolio, and region, NFI was determined by household head’s age, household head’s gender, forestry business portfolio, and savings. TI was affected by household head’s age, household head’s education level, forestry business portfolio, savings, and region. The effect sizes and directions varied across different types of income (FHI, FI, NFI, and TI). The findings showed that South Korea forestry was highly dependent on sustainable assets and livelihood strategies. Based on our findings, we expect the effectiveness of forest policies in increasing the forestry household income would differ depending on the source of each income. The results of this study draw attention to the need for an income support policy which considers the characteristics of household assets and livelihood strategies in order to enhance FHI in South Korea.
Janghwan Jo; Taewoo Roh; Seunguk Shin; Yeo-Chang Youn. Sustainable Assets and Strategies Affecting the Forestry Household Income: Empirical Evidence from South Korea. Sustainability 2019, 11, 3680 .
AMA StyleJanghwan Jo, Taewoo Roh, Seunguk Shin, Yeo-Chang Youn. Sustainable Assets and Strategies Affecting the Forestry Household Income: Empirical Evidence from South Korea. Sustainability. 2019; 11 (13):3680.
Chicago/Turabian StyleJanghwan Jo; Taewoo Roh; Seunguk Shin; Yeo-Chang Youn. 2019. "Sustainable Assets and Strategies Affecting the Forestry Household Income: Empirical Evidence from South Korea." Sustainability 11, no. 13: 3680.
This study is about open innovation, which suggests that companies should aim to cooperate with other companies or organizations for green innovation. While previous research has focused on the mechanism through which the company achieves green innovation, mainly from the supplier perspective, we have taken a more demand-driven approach to product innovation by introducing the green process and consumer perspectives. Also, this study not only considers collaboration with other companies whose interests are complicated in terms of open innovation but also cooperation with other organizations whose interests are unsophisticated. We examined the relationship between open innovation and green innovation by using the structural equation method and 2496 manufacturing companies in South Korea, and further confirmed the robustness by using OLS (ordinary least square) regression. As a result of the empirical analysis, all four hypotheses were supported, and the effect of collaboration with organizations was stronger than with firms. Based on these results, this study suggests that if managers prioritize green performance, they should consider co-prosperity with other companies and organizations. In addition, this study found that green innovation, which can contribute to the environment while consumers use products with green innovation, is also becoming central. Compared with previous studies, we expect that our alternative approaches to open and green innovation will contribute to corporate sustainability in the future.
Ji Yeon Yang; Taewoo Roh. Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation. Sustainability 2019, 11, 3234 .
AMA StyleJi Yeon Yang, Taewoo Roh. Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation. Sustainability. 2019; 11 (12):3234.
Chicago/Turabian StyleJi Yeon Yang; Taewoo Roh. 2019. "Open for Green Innovation: From the Perspective of Green Process and Green Consumer Innovation." Sustainability 11, no. 12: 3234.
This study aims to identify the factors determining the income of forestry household in South Korea. We examine an empirical analysis using 3-year panel data conducted by the Korea Forest Service charged with maintaining South Korea's forest lands. The hypothesized factors determining the income of forestry household are classified into four types of assets and three types of livelihood strategies. We divided the income of forestry household (IFH) into three elements: forestry income (FI), non-forestry income (NFI), and transfer income (TI). We assessed the influences of household assets and livelihood strategies on each income. A random effect model was used as a statistical analysis with valid 979 of forestry household for three years. We found that household head's age, labor hours, savings, business category, cultivated land size, and region are significantly associated with IFH. Also, FI is influenced by labor capacity, cultivated size, business category, forestry business portfolio, and region while NFI is determined by household head's age, household head's gender, forestry business portfolio, and savings. TI is affected by household head's age, household head's education level, forestry business portfolios, savings, and region. The effect sizes and directions vary across different types of income (IFH, FI, NFI, and TI). The findings show that forestry in South Korea is highly dependent on sustainable assets and strategies. It is therefore expected that the effectiveness of forest policies to increase the income of forestry household would be differed by the source of each income. The results of this study draw attention to the need for an income support policy that should consider the characteristics of household assets and livelihood strategies in order to enhance IFH in South Korea.
Jang-Hwan Jo; Taewoo Roh; Seunguk Shin. Sustainable Assets and Strategies for Affecting the Income of Forestry Household: Empirical Evidence from South Korea. 2019, 1 .
AMA StyleJang-Hwan Jo, Taewoo Roh, Seunguk Shin. Sustainable Assets and Strategies for Affecting the Income of Forestry Household: Empirical Evidence from South Korea. . 2019; ():1.
Chicago/Turabian StyleJang-Hwan Jo; Taewoo Roh; Seunguk Shin. 2019. "Sustainable Assets and Strategies for Affecting the Income of Forestry Household: Empirical Evidence from South Korea." , no. : 1.
Purpose The purpose of this paper is to complement the conventional international business (IB) theory, the OLI perspective, which is good at explaining the foreign direct investments (FDIs) undertaken by developed market multinational corporations (DMNCs). This study also suggests a new theoretical framework, namely, the OILL paradigm, that is able to encompass FDIs from emerging market multinational corporations (EMNCs) toward developed economies. Design/methodology/approach The data comprising 206 Chinese MNCs, which completed international mergers and acquisitions (IMAs), were obtained from Zephyr. By using these data, logical regressions are conducted to statistically confirm that we should not omit the learning motivation if we want to adequately understand the FDI phenomenon by encompassing investment flow from developing (or emerging) to developed countries. Findings The results based on this data set indicate that EMNCs often try to enter developed economies with the motivation to seek sophisticated foreign host knowledge that is not available internally. In particular, they tend to use IMA strategies when they want to learn from heterogeneity (i.e. inter-industry mergers and acquisitions) and absorb advanced technologies from DMNCs. Research limitations/implications By shedding light on the recent new trend in FDI (i.e. FDI from emerging countries to developed economies), the study provides useful theoretical implications, as well as suggesting scholarly contributions. However, we should acknowledge that there are some limitations to this study. First, the study explores only Chinese MNCs. Second, learning motivations need to be minutely and precisely measured by other studies. Third, this study argues that FDI from EMNCs to DMNCs is triggered by the former’s motivation concerning knowledge acquisition. However, the type of knowledge should be considered, and this is perhaps another avenue for future research. Practical implications Conventional IB theories, such as the OLI paradigm and internalization theory, have long sought to answer the question of why DMNCs go for foreign markets, in spite of the presence of the liabilities of foreignness, and focused on their main investment motivations (i.e. market-seeking, efficiency-seeking and resource-seeking motivations). For this reason, these theories do not adequately capture the primary FDI motivations of EMNCs, and consequently, they are unable to see the big picture when it comes to the FDI phenomenon. Based on this idea, the authors complement the well-known triad motivations (i.e. market-seeking, efficiency-seeking and resource-seeking motivations) by adding the knowledge-seeking motive and contribute to the evolution of IB theories by suggesting a new theory, which is the OILL paradigm. Originality/value The study contributes to the extant literature in the field of IB in two key ways. First, it examines EMNCs’ central motivations in conducting FDI where empirical research is sparse. By doing this, this paper attempts to solve the query indicated above (i.e. why MNCs choose FDI in spite of the presence of the liabilities of foreignness), and it offers a new theory (i.e. the OILL paradigm).
Byung Il Park; Taewoo Roh. Chinese multinationals’ FDI motivations: suggestion for a new theory. International Journal of Emerging Markets 2019, 14, 70 -90.
AMA StyleByung Il Park, Taewoo Roh. Chinese multinationals’ FDI motivations: suggestion for a new theory. International Journal of Emerging Markets. 2019; 14 (1):70-90.
Chicago/Turabian StyleByung Il Park; Taewoo Roh. 2019. "Chinese multinationals’ FDI motivations: suggestion for a new theory." International Journal of Emerging Markets 14, no. 1: 70-90.
We combine research on business groups with the socioemotional wealth approach from family firm research to examine how family control of business group firms affects voluntary disclosure of environmental performance information. Theorizing that disclosing environmental performance information weakens the owning family’s control over its business group firm, but also generates reputational benefits, we expect family ownership and disclosure propensities to relate in a U-shaped way and, further, that this U-shape is accentuated for business group firms with a family CEO. Analysis of longitudinal data on disclosure decisions of South Korean business group firms supports our theory and suggests that the effect of family control on environmental performance disclosure is neither good nor bad; instead, it depends on both the level of family ownership and whether a family CEO is in place. The finding that disclosure propensities are greatest when family control of business group firms is most extensive is provocative: it suggests that the very element that often is seen to encourage inefficiencies and fraud in business groups—family ownership combined with family leadership—can also be leveraged to foster responsible behaviors.
Ann Terlaak; Seonghoon Kim; Taewoo Roh. Not Good, Not Bad: The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms. Journal of Business Ethics 2018, 153, 977 -996.
AMA StyleAnn Terlaak, Seonghoon Kim, Taewoo Roh. Not Good, Not Bad: The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms. Journal of Business Ethics. 2018; 153 (4):977-996.
Chicago/Turabian StyleAnn Terlaak; Seonghoon Kim; Taewoo Roh. 2018. "Not Good, Not Bad: The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms." Journal of Business Ethics 153, no. 4: 977-996.
We combine research on business groups with the socioemotional wealth approach from family firm research to examine how family control of business group firms affects voluntary disclosure of environmental performance information. Theorizing that disclosing environmental performance information weakens the owner’s control over the firm but also generates reputational benefits, we expect family ownership and disclosure propensities to relate in a U-shaped way and, further, that this U-shape is accentuated for firms with a family CEO. Analysis of longitudinal data on disclosure decisions of South Korean business group firms supports our theory. Results show that when family ownership is low to moderate, concerns about disclosure weakening control causes disclosure propensities to decrease. However, for firms with a family CEO, potential reputational benefits begin to outweigh these disclosure costs once a certain level of ownership is reached, leading subsequent disclosure propensities to increase. Findings highlight that the effect of family control on environmental performance disclosure is neither good nor bad; instead, it depends on both the level of family ownership and whether a family CEO is in place. Furthermore, our finding that disclosure propensities are greatest for business group firms that combine high levels of family ownership with a family CEO is provocative in that it suggests that the very element that often is seen to encourage inefficiencies and fraud– family ownership combined with family leadership–can also foster responsible behaviors.
Ann Terlaak; Seonghoon Kim; Taewoo Roh. The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms. Academy of Management Proceedings 2017, 2017, 11621 .
AMA StyleAnn Terlaak, Seonghoon Kim, Taewoo Roh. The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms. Academy of Management Proceedings. 2017; 2017 (1):11621.
Chicago/Turabian StyleAnn Terlaak; Seonghoon Kim; Taewoo Roh. 2017. "The Effect of Family Control on Environmental Performance Disclosure by Business Group Firms." Academy of Management Proceedings 2017, no. 1: 11621.
We investigate the impact of post – divestitures on innovative activities at firm-level. In an extremely competitive environment such as high-tech industries, innovation is required for a firm to achieve sustainable competitive advantage and thus survival of the organization. While divestiture has been treated as only a mirror image of M&A and merely a tool to overcome past mistakes, in a recent business practice, it has been recognized as a significant independent strategy for firms to gain growth of core competency. Consistent with recent positive – view on divestiture, we further investigate divestiture as a proactive strategic option as opposed to a traditional perspective that illustrates divestiture as a reactive action owing to settle inner organizational problems. Research concerning the relationship between proactive divestiture and innovation performance remains unexplored and requires a close investigation. To explore such relationship, this study integrated research on knowledge – based view and organizational inertia and encompassed the model of financial distress in order to evaluate firm’s proactiveness. We hypothesized that proactive divestiture increases both firm’s R&D intensity and number of patents. Furthermore, we propose that prior divestiture experiences and divested – unit size would moderate this relationship. Results indicate that proactive post- divestiture firms have increased in R&D inputs but not significantly in output. This relationship was more significant for input as prior experiences increased but not in output. Furthermore, when divested – unit size was bigger, both R&D input and output have decreased. This study contributes to our understandings of how proactive divestiture can reinforce knowledge capacity, distant from a traditional resource – based view that, particularly, regarded divestiture as a responsive action vis-à-vis financial pressure.
Kyung Suk Lee; Taewoo Roh. Sawing Off Dead Branches: Proactive Divestiture and Innovation Performance. Academy of Management Proceedings 2017, 2017, 12539 .
AMA StyleKyung Suk Lee, Taewoo Roh. Sawing Off Dead Branches: Proactive Divestiture and Innovation Performance. Academy of Management Proceedings. 2017; 2017 (1):12539.
Chicago/Turabian StyleKyung Suk Lee; Taewoo Roh. 2017. "Sawing Off Dead Branches: Proactive Divestiture and Innovation Performance." Academy of Management Proceedings 2017, no. 1: 12539.