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Kyuho Jin ([email protected]) is an assistant professor at Gwangju Institute of Science and Technology. He studied at the W.P. Carey School of Business at Arizona State University and received his PhD from Seoul National University. His research centers on social networks, the social construction process of markets regarding reputation and status, business groups, and family firms.
The network-based model of social contagion has revolved around information on local interactions; its central focus has been on network topological properties shaping the local interactions and, ultimately, social contagion outcomes. We extend this approach by introducing information on the global state, or global information, into the network-based model and analyzing how it alters social contagion dynamics in six different classes of networks: a two-dimensional square lattice, small-world networks, Erdős-Rényi networks, regular random networks, Holme-Kim networks, and Barabási-Albert networks. We find that there is an optimal amount of global information that minimizes the time to reach global cascades in highly clustered networks. We also find that global information prolongs the time to hit the tipping point but substantially compresses the time to reach global cascades after then, so that the overall time to reach global cascades can even be shortened under certain conditions. Finally, we show that random links substitute for global information in regulating the social contagion dynamics.
Kyuho Jin; Unjong Yu. Reference to Global State and Social Contagion Dynamics. Frontiers in Physics 2021, 9, 1 .
AMA StyleKyuho Jin, Unjong Yu. Reference to Global State and Social Contagion Dynamics. Frontiers in Physics. 2021; 9 ():1.
Chicago/Turabian StyleKyuho Jin; Unjong Yu. 2021. "Reference to Global State and Social Contagion Dynamics." Frontiers in Physics 9, no. : 1.
Family firms take a substantial fraction of economic activities and significantly influence a nation’s economic sustainability. Despite the considerable amount of research efforts to determine their performance implications, there is still a lack of consensus. This study aims to address this dissensus in two ways. Theory-wise, we introduce two interdependent contingencies that interactively determine the relative strength of positive and negative effects of family involvement: inside chief executive officers (CEOs) and business fluctuations. Method-wise, we employ an advanced econometric technique, the system generalized method of moments (GMM) estimator, to control for endogeneity. Using panel data of Korean family firms listed on the Korea Composite Stock Price Index (KOSPI) stock market during the periods between 2013 and 2016, we find (1) that family firms underperform non-family firms, (2) that the negative effect of family involvement decreases under the management of inside CEOs, and (3) that this positive moderation effect of inside CEOs decreases in the face of business fluctuations. This study furthers our understanding of how the family influences firm performance and, eventually, economic sustainability.
Kyuho Jin; Joowon Lee; Sung Hong. The Dark Side of Managing for the Long Run: Examining When Family Firms Create Value. Sustainability 2021, 13, 3776 .
AMA StyleKyuho Jin, Joowon Lee, Sung Hong. The Dark Side of Managing for the Long Run: Examining When Family Firms Create Value. Sustainability. 2021; 13 (7):3776.
Chicago/Turabian StyleKyuho Jin; Joowon Lee; Sung Hong. 2021. "The Dark Side of Managing for the Long Run: Examining When Family Firms Create Value." Sustainability 13, no. 7: 3776.
International joint ventures (IJVs) have long been considered a vibrant venue for innovation, one source of sustainable competitive advantage. Nonetheless, there is a paucity of research that seeks to understand what determines their innovative performance. We draw attention to and examine the control structure of IJVs as a determinant of innovation. Using the complementary lenses of local embeddedness, the liability of outsidership, and open innovation, we argue that foreign managerial control reduces IJV innovation and that equity ownership balance between foreign and local parent firms and affiliation of IJVs with local market business groups weaken this negative relationship. Using panel data of 48 IJVs in Korea during the periods between 2000 and 2016, we find empirical support for these arguments. This study contributes to the literature by extending our understanding of how to design IJVs for enhancing innovative output and consequently improving their sustainability.
Kyuho Jin; Chulhyung Park; Jeonghwan Lee. What Determines Innovative Performance of International Joint Ventures? Assessing the Effects of Foreign Managerial Control. Sustainability 2020, 12, 8770 .
AMA StyleKyuho Jin, Chulhyung Park, Jeonghwan Lee. What Determines Innovative Performance of International Joint Ventures? Assessing the Effects of Foreign Managerial Control. Sustainability. 2020; 12 (21):8770.
Chicago/Turabian StyleKyuho Jin; Chulhyung Park; Jeonghwan Lee. 2020. "What Determines Innovative Performance of International Joint Ventures? Assessing the Effects of Foreign Managerial Control." Sustainability 12, no. 21: 8770.
철형 박; Kyuho Jin. The Liability of Foreignness and Corporate Philanthropy of MNC Subsidiaries in Korea: A Dynamic Approach. Journal of Strategic Management 2019, 22, 95 -119.
AMA Style철형 박, Kyuho Jin. The Liability of Foreignness and Corporate Philanthropy of MNC Subsidiaries in Korea: A Dynamic Approach. Journal of Strategic Management. 2019; 22 (3):95-119.
Chicago/Turabian Style철형 박; Kyuho Jin. 2019. "The Liability of Foreignness and Corporate Philanthropy of MNC Subsidiaries in Korea: A Dynamic Approach." Journal of Strategic Management 22, no. 3: 95-119.
Signaling theorists have paid a great deal of attention to the costs of acquiring characteristics that can serve as signals, such as endorsements from reputable third parties. However limited attention has been devoted to the penalty costs associated with providing inaccurate signals and the factors that can exacerbate or attenuate the penalties. In this study, we examine the effect of negative feedback loops on venture capital firms’ reputations that result from the failures (delistings) of the newly-public firms they once endorsed. Drawing on signaling and attribution theories, we argue that endorsements by reputable VC firms create high expectations that, when violated, cause stakeholders to look for scapegoats, resulting in reputational damage to the endorsing VCs. We find empirical support for this argument, and for the attenuating effect of post-IPO market performance and the time since IPO. Our study contributes to the conversation about endorsements as signals, and empirically tests the implicit assumption that endorsements place the reputation of the endorser at risk.
David Gomulya; Kyuho Jin; Peggy M. Lee; Timothy G. Pollock; Tim Pollock. Crossed Wires: Endorsement Signals and the Effects of IPO Firm Delistings on Venture Capitalists’ Reputations. Academy of Management Journal 2019, 62, 641 -666.
AMA StyleDavid Gomulya, Kyuho Jin, Peggy M. Lee, Timothy G. Pollock, Tim Pollock. Crossed Wires: Endorsement Signals and the Effects of IPO Firm Delistings on Venture Capitalists’ Reputations. Academy of Management Journal. 2019; 62 (3):641-666.
Chicago/Turabian StyleDavid Gomulya; Kyuho Jin; Peggy M. Lee; Timothy G. Pollock; Tim Pollock. 2019. "Crossed Wires: Endorsement Signals and the Effects of IPO Firm Delistings on Venture Capitalists’ Reputations." Academy of Management Journal 62, no. 3: 641-666.
We explore the relationship between status and reputation, examining how its dynamics change over time as these two intangible assets coevolve and how reputation and status are influenced by participation in highly visible events. Using a sample of more than 400 newly founded venture capital (VC) firms, we find that reputation and status positively influence each other but that reputation has a greater effect on status, particularly when firms are older. We also find that the effect of past status on current status weakens as VC firms age, but the relationship between past and current reputation remains consistent with age. Furthermore, our findings show that participating in big hits—blockbuster initial public offerings—has a positive relationship with status when firms are young and a positive relationship with reputation when firms are older, and it helps low-status and low-reputation firms more than it helps high-status and high-reputation firms. This study helps differentiate status and reputation, shows how they coevolve, and provides insight into how new firms build these important intangible assets.
Timothy G. Pollock; Peggy M. Lee; Kyuho Jin; Kisha Lashley. (Un)Tangled. Administrative Science Quarterly 2015, 60, 482 -517.
AMA StyleTimothy G. Pollock, Peggy M. Lee, Kyuho Jin, Kisha Lashley. (Un)Tangled. Administrative Science Quarterly. 2015; 60 (3):482-517.
Chicago/Turabian StyleTimothy G. Pollock; Peggy M. Lee; Kyuho Jin; Kisha Lashley. 2015. "(Un)Tangled." Administrative Science Quarterly 60, no. 3: 482-517.
Kyuho Jin; Choelsoon Park. Separation of Cash Flow and Voting Rights and Firm Performance in Large Family Business Groups in Korea. Corporate Governance: An International Review 2015, 23, 434 -451.
AMA StyleKyuho Jin, Choelsoon Park. Separation of Cash Flow and Voting Rights and Firm Performance in Large Family Business Groups in Korea. Corporate Governance: An International Review. 2015; 23 (5):434-451.
Chicago/Turabian StyleKyuho Jin; Choelsoon Park. 2015. "Separation of Cash Flow and Voting Rights and Firm Performance in Large Family Business Groups in Korea." Corporate Governance: An International Review 23, no. 5: 434-451.
We explore the relationships between status and reputation, and between past and current status and reputation, and examine how these dynamics change over time and are influenced by participation in highly visible events. Using a sample of more than 500 newly-founded VC firms, we find that reputation and status positively influence each other, but that reputation has a greater effect on status, particularly when firms are younger. We also find that the effect of past status on current status weakens as VC firms age, but the relationship between past and current reputation remains consistent with age. Participating in blockbuster deals has a positive relationship with status when firms are young and a positive relationship with reputation when firms are older, and helps low status and low reputation firms more than it helps high status and high reputation firms. This study contributes to our understanding of how status and reputation develop and are differentiated, and provides insight into how new firms build these important intangible assets.
Tim Pollock; Peggy M. Lee; Kyuho Jin; Kisha Lashley. Chicken or Egg: Exploring the Coevolution of VC Firm Reputation and Status. Academy of Management Proceedings 2014, 2014, 11007 -11007.
AMA StyleTim Pollock, Peggy M. Lee, Kyuho Jin, Kisha Lashley. Chicken or Egg: Exploring the Coevolution of VC Firm Reputation and Status. Academy of Management Proceedings. 2014; 2014 (1):11007-11007.
Chicago/Turabian StyleTim Pollock; Peggy M. Lee; Kyuho Jin; Kisha Lashley. 2014. "Chicken or Egg: Exploring the Coevolution of VC Firm Reputation and Status." Academy of Management Proceedings 2014, no. 1: 11007-11007.
This study investigates how a firm’s profitability is determined in the context of pyramidal business groups. Bringing to forefront ownership network that serves as a governance backbone of pyramidal business groups we offer an explanation of how group burden, a novel kind of affiliation costs borne by affiliate firms, is derived and distributed across affiliate firms with close attention to position in the ownership network. Then, we develop and articulate a causal linkage between the group burden and profitability. Specifically, we argue that affiliate firms occupying central position in the ownership network may suffer low profitability inasmuch as they are less allowed to engage in activities improving their competitive position to take care of the group burden. We empirically test these hypotheses in the context of large family business groups in Korea or Chaebols which control their affiliates through pyramidal ownership network. Consistent with our expectation, we found a negative relation between centrality in the ownership network and profitability for a sample of Chaebol affiliate firms and that this relation was negatively moderated by the amount of group-level resources.
Kyuho Jin; Seok-Hyun Hwang. Unpacking Performance Heterogeneity in Group-affiliated Firms in Korea. Academy of Management Proceedings 2013, 2013, 15385 -15385.
AMA StyleKyuho Jin, Seok-Hyun Hwang. Unpacking Performance Heterogeneity in Group-affiliated Firms in Korea. Academy of Management Proceedings. 2013; 2013 (1):15385-15385.
Chicago/Turabian StyleKyuho Jin; Seok-Hyun Hwang. 2013. "Unpacking Performance Heterogeneity in Group-affiliated Firms in Korea." Academy of Management Proceedings 2013, no. 1: 15385-15385.
This study explores the signaling and substantive value of high-reputation affiliates to young firms, and the factors that moderate the nature of the value they provide. Specifically, the study examines the extent to which venture capitalist (VC) reputation is related to the first-day valuation and post-IPO operating performance of the firms they take public, and whether the value of a high-reputation VC is contingent on the timing of VC involvement in the portfolio firm, the VC firms’ industry-specific experience and their geographic proximity. The authors develop a time-varying, multi-item composite index of VC reputation and use a sample of VC-backed IPOs between 1990 and 2000 to test their hypotheses. The results suggest that early involvement in an IPO firm’s development significantly enhances the positive relationship between a VC’s reputation and both initial market reactions and post-IPO operating performance. The study also finds that the industry specialization of early-round VCs, regardless of their reputation, is positively related to post-IPO operating performance, and that the relationship is even stronger when the VC has a high reputation and invests in the first round. Finally, while the geographic proximity of VCs to their portfolio firms has no effect on the relationship between their reputation and the firm’s post-IPO operating performance, investors nonetheless discount the value of VC reputation when VCs are more geographically distant from their portfolio firm. However, when endogeneity associated with having greater access to high-potential start-ups is controlled for, geographic proximity significantly decreases the relationship between VC reputation and operating performance, but it no longer affects initial market valuation.
Peggy M. Lee; Timothy G. Pollock; Kyuho Jin. The contingent value of venture capitalist reputation. Strategic Organization 2011, 9, 33 -69.
AMA StylePeggy M. Lee, Timothy G. Pollock, Kyuho Jin. The contingent value of venture capitalist reputation. Strategic Organization. 2011; 9 (1):33-69.
Chicago/Turabian StylePeggy M. Lee; Timothy G. Pollock; Kyuho Jin. 2011. "The contingent value of venture capitalist reputation." Strategic Organization 9, no. 1: 33-69.
This study investigates how group-level benefits and costs are distributed among affiliate firms, by attending to structural differentiation and resulting position structure observed in the hierarchical business group equity network. We conceive of each affiliated firm as occupying one of three distinct structural positions in regard to maintaining operational control over a large number of affiliate firms: (1) controller, (2) intermediary, and (3) receiver. We develop theory and hypotheses linking the structural positions with economic performance. In addition, we examine whether the relation is contingent upon intra-group transactions, foreign ownership, and sensitivity to market uncertainty. Operationally, we identify each firm’s positions in the equity network by using Winship and Mandel’s (1983) role equivalence algorithm and test our hypotheses using the sample of Korean large business groups or Chaebols between 2005 and 2008. Our results suggest that group affiliates occupying the controller and receiver position outperform independent firms while those occupying the intermediary position do not. Finally, we find that internal transactions, foreign ownership, and sensitivity to market uncertainty moderate the relations between the structural positions and economic performance.
Kyuho Jin; Choelsoon Park; Jaemin Lee. STRUCTURAL POSITIONS WITHIN BUSINESS GROUP EQUITY NETWORKS AND PERFORMANCE OF AFFILIATE FIRMS. Academy of Management Proceedings 2011, 2011, 1 -6.
AMA StyleKyuho Jin, Choelsoon Park, Jaemin Lee. STRUCTURAL POSITIONS WITHIN BUSINESS GROUP EQUITY NETWORKS AND PERFORMANCE OF AFFILIATE FIRMS. Academy of Management Proceedings. 2011; 2011 (1):1-6.
Chicago/Turabian StyleKyuho Jin; Choelsoon Park; Jaemin Lee. 2011. "STRUCTURAL POSITIONS WITHIN BUSINESS GROUP EQUITY NETWORKS AND PERFORMANCE OF AFFILIATE FIRMS." Academy of Management Proceedings 2011, no. 1: 1-6.