Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.247
Eun-Bin Kim
Purpose – This study examines the characteristics of the rules of origin for RCEP, an agreement concluded by Korea, identifies problems that may arise when applying the rules of origin of RCEP, and proposes countermeasures. Design/Methodology/Approach – Whether or not the benefits of FTAs are realized depends on the various characteristics of FTAs, among which is the Rule of Origin (RoO). Looking at the relationship between the unification of the criteria for determining the country of origin, as each FTA determines the country of origin differently, the cost is greater than the tariff benefit that occurs when applying this to the FTA. As such, it is a realistic issue that may force giving up the FTA due to the spaghetti ball effect. We intend to contribute to the facilitation of trade through the unification of origin determination criteria to solve the problem. Findings – By examining the characteristics of the rules of origin and presenting institutional problems and supplementary points that may occur when the RCEP's rules of origin are applied, conclusions that can serve as references for the remaining FTA negotiation tasks have been drawn. Research Implications – The suggested four implications establish a more diversified trade structure by converging on all active, efficient, and feasible exports and imports, and contribute to the increase in Korea's trade volume through trade liberalization and market opening in the current situation wherein the international trade environment is rapidly changing. For this purpose, RCEP must be applied effectively.
{"title":"The Characteristics and Application of RCEP Rules of Origin","authors":"Eun-Bin Kim","doi":"10.16980/jitc.19.2.202304.247","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.247","url":null,"abstract":"Purpose – This study examines the characteristics of the rules of origin for RCEP, an agreement concluded by Korea, identifies problems that may arise when applying the rules of origin of RCEP, and proposes countermeasures. Design/Methodology/Approach – Whether or not the benefits of FTAs are realized depends on the various characteristics of FTAs, among which is the Rule of Origin (RoO). Looking at the relationship between the unification of the criteria for determining the country of origin, as each FTA determines the country of origin differently, the cost is greater than the tariff benefit that occurs when applying this to the FTA. As such, it is a realistic issue that may force giving up the FTA due to the spaghetti ball effect. We intend to contribute to the facilitation of trade through the unification of origin determination criteria to solve the problem. Findings – By examining the characteristics of the rules of origin and presenting institutional problems and supplementary points that may occur when the RCEP's rules of origin are applied, conclusions that can serve as references for the remaining FTA negotiation tasks have been drawn. Research Implications – The suggested four implications establish a more diversified trade structure by converging on all active, efficient, and feasible exports and imports, and contribute to the increase in Korea's trade volume through trade liberalization and market opening in the current situation wherein the international trade environment is rapidly changing. For this purpose, RCEP must be applied effectively.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123324407","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.115
Junwei Zhao, Hyun-Jung Park
Purpose – Helping consumers actively participate and act as co-creators of value is critical to the success of technology-based services. This study focuses on an augmented reality (AR) technology e-commerce scenario to explore the influencing factors and mechanisms related to consumer value co-creation intention. Design/Methodology/Approach – Based on the S-O-R framework and flow theory, we integrated factors to suggest and examine a research model with technical characteristics of augmented reality (interactivity and vividness) as external variables (stimuli), shopper psychological factors (organism) including flow experience, and value co-creation intention (response). A questionnaire survey was conducted on 318 Chinese consumers that had experienced AR shopping, and survey data were analyzed using SPSS and AMOS. Findings – Results show that both interactivity and vividness positively affected telepresence, flow, and mental imagery, which directly and indirectly enhanced consumer value co-creation intention. Research Implications – The results confirm the relationships among technical characteristics, consumer experience factors, and value co-creation intentions in the AR shopping environment. In addition to expanding existing theoretical achievements, this paper also provides practical implications for AR-related industries and shopping platform managers. This study will provide a foundation for future research by increasing the understanding of value co-creation in the augmented reality shopping environment, and provide implications for promoting consumer participation.
{"title":"A Mechanism of Building Value Co-creation Intention in the Augmented Reality Shopping Environment","authors":"Junwei Zhao, Hyun-Jung Park","doi":"10.16980/jitc.19.2.202304.115","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.115","url":null,"abstract":"Purpose – Helping consumers actively participate and act as co-creators of value is critical to the success of technology-based services. This study focuses on an augmented reality (AR) technology e-commerce scenario to explore the influencing factors and mechanisms related to consumer value co-creation intention. Design/Methodology/Approach – Based on the S-O-R framework and flow theory, we integrated factors to suggest and examine a research model with technical characteristics of augmented reality (interactivity and vividness) as external variables (stimuli), shopper psychological factors (organism) including flow experience, and value co-creation intention (response). A questionnaire survey was conducted on 318 Chinese consumers that had experienced AR shopping, and survey data were analyzed using SPSS and AMOS. Findings – Results show that both interactivity and vividness positively affected telepresence, flow, and mental imagery, which directly and indirectly enhanced consumer value co-creation intention. Research Implications – The results confirm the relationships among technical characteristics, consumer experience factors, and value co-creation intentions in the AR shopping environment. In addition to expanding existing theoretical achievements, this paper also provides practical implications for AR-related industries and shopping platform managers. This study will provide a foundation for future research by increasing the understanding of value co-creation in the augmented reality shopping environment, and provide implications for promoting consumer participation.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"AES-3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126494452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.207
Yoon-Jung Choi, Hong-youl Kim, Jung-Ho Baek
Purpose – In past studies, exchange volatility was assumed to have a symmetric effect on trade, irrespective of exports and imports. In practice, however, the symmetry assumption is not credible. This is because responses to exchange rate uncertainty differ among countries or companies. Thus, this study examines the asymmetric effects of exchange rate volatility on exports and imports as well as in the short- and long terms. Design/Methodology/Approach – To investigate the asymmetric impact of exchange rate volatility on Korea’s trade with Vietnam, the nonlinear autoregressive distributed lag (NARDL) method was applied to export and import data disaggregated by 25 commodities for the period of January 2000 to December 2020. Findings – The results show that the ups and downs of exchange rate volatility have an asymmetric impact on some, though not all, types of Korea's commodities exported to and imported from Vietnam. In addition, asymmetries in exchange rate volatility seem more likely viewed as a short-tern phenomenon rather than a long-term period for Korea’s bilateral trade with Vietnam over the past two decades. Research Implications – Monetary authorities in Korea and Vietnam need to consider the short-run movement in the VND/KRW exchange rate as one of the main factors for determining bilateral trade flows.
{"title":"The Asymmetric Impacts of Exchange Rate Volatility on Trade Between Korea and Vietnam","authors":"Yoon-Jung Choi, Hong-youl Kim, Jung-Ho Baek","doi":"10.16980/jitc.19.2.202304.207","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.207","url":null,"abstract":"Purpose – In past studies, exchange volatility was assumed to have a symmetric effect on trade, irrespective of exports and imports. In practice, however, the symmetry assumption is not credible. This is because responses to exchange rate uncertainty differ among countries or companies. Thus, this study examines the asymmetric effects of exchange rate volatility on exports and imports as well as in the short- and long terms. Design/Methodology/Approach – To investigate the asymmetric impact of exchange rate volatility on Korea’s trade with Vietnam, the nonlinear autoregressive distributed lag (NARDL) method was applied to export and import data disaggregated by 25 commodities for the period of January 2000 to December 2020. Findings – The results show that the ups and downs of exchange rate volatility have an asymmetric impact on some, though not all, types of Korea's commodities exported to and imported from Vietnam. In addition, asymmetries in exchange rate volatility seem more likely viewed as a short-tern phenomenon rather than a long-term period for Korea’s bilateral trade with Vietnam over the past two decades. Research Implications – Monetary authorities in Korea and Vietnam need to consider the short-run movement in the VND/KRW exchange rate as one of the main factors for determining bilateral trade flows.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"100 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115692240","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.193
Sun-ok Kim
Purpose – This research aims to explore the practical application of anticipatory breaches in international sale contracts, examine the legal framework, and analyze the impact on the parties involved. Design/Methodology/Approach – The research methodology involves analyzing a case study in which decisions were made applying articles 71, 72, and 73 of the CISG, which govern the issue of an anticipatory breach of contract. Findings – The findings suggest that a party intending to suspend its obligations or terminate a contract for an anticipatory breach must present objective evidence. However, if there are suspicions, but it is difficult to submit evidence, the party may, by notice, request the other party provide appropriate security for the performance of the contract. If the other party does not provide adequate security, that fact could be used as evidence. Research Implications – The anticipatory breach provisions set out in articles 71, 72, and 73 of the CISG help to adjust potential damages and allow both parties to take effective measures in case of a potential breach of contract. It may be necessary for both sellers and buyers to take effective measures without waiting until the breach materializes on the due date. The originality of the research lies in its examination of the practical application and legal framework of anticipatory breach, and its impact on the parties involved in international sale contracts.
{"title":"A Review on Anticipatory Contractual Breaches and Remedies under CISG","authors":"Sun-ok Kim","doi":"10.16980/jitc.19.2.202304.193","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.193","url":null,"abstract":"Purpose – This research aims to explore the practical application of anticipatory breaches in international sale contracts, examine the legal framework, and analyze the impact on the parties involved. Design/Methodology/Approach – The research methodology involves analyzing a case study in which decisions were made applying articles 71, 72, and 73 of the CISG, which govern the issue of an anticipatory breach of contract. Findings – The findings suggest that a party intending to suspend its obligations or terminate a contract for an anticipatory breach must present objective evidence. However, if there are suspicions, but it is difficult to submit evidence, the party may, by notice, request the other party provide appropriate security for the performance of the contract. If the other party does not provide adequate security, that fact could be used as evidence. Research Implications – The anticipatory breach provisions set out in articles 71, 72, and 73 of the CISG help to adjust potential damages and allow both parties to take effective measures in case of a potential breach of contract. It may be necessary for both sellers and buyers to take effective measures without waiting until the breach materializes on the due date. The originality of the research lies in its examination of the practical application and legal framework of anticipatory breach, and its impact on the parties involved in international sale contracts.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123905201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.1
Yeon W. Lee, Kyuchan Kim
Purpose – Over the past decade, South Korea's cultural industries have experienced significant growth in the name of Hallyu, the Korean Wave. This paper approaches government policy from a business ecosystem perspective for the sustainable growth of the cultural industry. In order to overcome the dilemma between cultural industry policy goals, the value of intermediate outputs, as well as final outputs, was identified. Design/Methodology/Approach – With the growing role of hidden or invisible actors in this field, the discourse on effective, efficient, and appropriate government policies for culture is an important academic endeavor. For this, the paper begins with an observation of how governments have engaged in formulating cultural policies as part of their industrial policy to foster national growth. After reviewing the different angles and motivations for national agenda, the paper offers insight into how the two clashing needs of industrial policy and cultural policy can be reconciled. Findings – Overall, business dynamics and economic order for culture can be established through a business ecosystem approach that calls on a more macro-level and integrated perspective for business in the cultural industry. By introducing content formats and animation segments for cultural industries, this paper ultimately shows how the next wave of Hallyu can be re-oriented along invisible sources of culture, the true winners in cultural industries. Research Implications – The government's business ecosystem approach to support the sustainable growth of the cultural industry hinges on a thorough understanding and reorganization of the cultural industry as a new bundling of content intellectual property rights.
{"title":"Who Is the Real Winner in Cultural Industries? A Business Ecosystem Approach for Government Policies","authors":"Yeon W. Lee, Kyuchan Kim","doi":"10.16980/jitc.19.2.202304.1","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.1","url":null,"abstract":"Purpose – Over the past decade, South Korea's cultural industries have experienced significant growth in the name of Hallyu, the Korean Wave. This paper approaches government policy from a business ecosystem perspective for the sustainable growth of the cultural industry. In order to overcome the dilemma between cultural industry policy goals, the value of intermediate outputs, as well as final outputs, was identified. Design/Methodology/Approach – With the growing role of hidden or invisible actors in this field, the discourse on effective, efficient, and appropriate government policies for culture is an important academic endeavor. For this, the paper begins with an observation of how governments have engaged in formulating cultural policies as part of their industrial policy to foster national growth. After reviewing the different angles and motivations for national agenda, the paper offers insight into how the two clashing needs of industrial policy and cultural policy can be reconciled. Findings – Overall, business dynamics and economic order for culture can be established through a business ecosystem approach that calls on a more macro-level and integrated perspective for business in the cultural industry. By introducing content formats and animation segments for cultural industries, this paper ultimately shows how the next wave of Hallyu can be re-oriented along invisible sources of culture, the true winners in cultural industries. Research Implications – The government's business ecosystem approach to support the sustainable growth of the cultural industry hinges on a thorough understanding and reorganization of the cultural industry as a new bundling of content intellectual property rights.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"157 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121125666","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.259
Jung-Eun Lee
Purpose – The purpose of this study is to consider the structural relationship of the gentrification of the cultural capital to perceived value and urban regeneration. Design/Methodology/Approach – In order to achieve the research purpose, theoretical research and empirical research were conducted in parallel. An empirical study was collected by requesting an Internet research company as a tourist with domestic travel experience in 2021. Findings – The structural relationship of the gentrification of the cultural capital to perceived value and urban regeneration was identified. There are 3 upper hypotheses, each with a total of 9 hypotheses as lower hypotheses. Each upper hypothesis was partially accepted or rejected. As a result of the verification of the model, it can be seen that some of the statistical standard values are insufficient, but it is considered appropriate when judged comprehensively. Research Implications – First, the relationship between the cultural capital and gentrification partially supports the results of previous studies that have established research hypotheses. Second, in the relationship between gentrification and perceived value, a significant relationship was shown in research questions, excluding some research questions that appear in some sub-categories. Finally, there are many studies on the relationship between behavioral intentions with perceived value as an antecedent variable, parameter, and outcome variable. However, in this study, the changing urban environment perceived by tourists was identified from the perspective of urban regeneration. In the research hypothesis, the results of previous research that set the research hypothesis on the relationship between perceived value and urban regeneration were supported.
{"title":"A Study on the Structural Relationship of the Gentrification of the Cultural Capital on Perceived Value and Urban Regeneration in the Region","authors":"Jung-Eun Lee","doi":"10.16980/jitc.19.2.202304.259","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.259","url":null,"abstract":"Purpose – The purpose of this study is to consider the structural relationship of the gentrification of the cultural capital to perceived value and urban regeneration. Design/Methodology/Approach – In order to achieve the research purpose, theoretical research and empirical research were conducted in parallel. An empirical study was collected by requesting an Internet research company as a tourist with domestic travel experience in 2021. Findings – The structural relationship of the gentrification of the cultural capital to perceived value and urban regeneration was identified. There are 3 upper hypotheses, each with a total of 9 hypotheses as lower hypotheses. Each upper hypothesis was partially accepted or rejected. As a result of the verification of the model, it can be seen that some of the statistical standard values are insufficient, but it is considered appropriate when judged comprehensively. Research Implications – First, the relationship between the cultural capital and gentrification partially supports the results of previous studies that have established research hypotheses. Second, in the relationship between gentrification and perceived value, a significant relationship was shown in research questions, excluding some research questions that appear in some sub-categories. Finally, there are many studies on the relationship between behavioral intentions with perceived value as an antecedent variable, parameter, and outcome variable. However, in this study, the changing urban environment perceived by tourists was identified from the perspective of urban regeneration. In the research hypothesis, the results of previous research that set the research hypothesis on the relationship between perceived value and urban regeneration were supported.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125569861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.337
Sinae Lee, Dongwon Min
Purpose – The purpose of this study is to verify the effect of PPL exposure to innovative new products on attitude based on data from actual companies. Design/Methodology/Approach – This study explored the mediating effect of perceived curiosity in the effect of the PPL exposure of innovative new products on product attitudes targeting 142 actual innovative product buyers. To this end, bootstrapping was performed based on Hayes' PROCESS macro. Findings – The PPL exposure of innovative products causes consumers to form positive product attitudes, and there was perceived curiosity at the base. Research Implications – The PPL exposure group examined in this study led them to have a positive product attitude toward innovative products. The reason for this is as follows. Most innovative products are unfamiliar or untrustworthy. Therefore, the acquisition of knowledge or information about the product has an important effect on product attitude. The PPL exposure examined in this study aroused perceived curiosity in consumers, which led them to explore more information, thereby reducing the risk of innovative products. Pre-generated awareness as a control variable in this process did not affect perceived curiosity. This means that company or brand awareness is not important for exposure through PPL to lead consumers to a positive attitude.
{"title":"The Effect of PPL Exposure of Innovative Products on Attitude toward a Product: Focusing on the Mediating Effect of Perceived Curiosity","authors":"Sinae Lee, Dongwon Min","doi":"10.16980/jitc.19.2.202304.337","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.337","url":null,"abstract":"Purpose – The purpose of this study is to verify the effect of PPL exposure to innovative new products on attitude based on data from actual companies. Design/Methodology/Approach – This study explored the mediating effect of perceived curiosity in the effect of the PPL exposure of innovative new products on product attitudes targeting 142 actual innovative product buyers. To this end, bootstrapping was performed based on Hayes' PROCESS macro. Findings – The PPL exposure of innovative products causes consumers to form positive product attitudes, and there was perceived curiosity at the base. Research Implications – The PPL exposure group examined in this study led them to have a positive product attitude toward innovative products. The reason for this is as follows. Most innovative products are unfamiliar or untrustworthy. Therefore, the acquisition of knowledge or information about the product has an important effect on product attitude. The PPL exposure examined in this study aroused perceived curiosity in consumers, which led them to explore more information, thereby reducing the risk of innovative products. Pre-generated awareness as a control variable in this process did not affect perceived curiosity. This means that company or brand awareness is not important for exposure through PPL to lead consumers to a positive attitude.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121450758","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.161
Y. Ha, S. Woo
Purpose – It is very important to forecast and analyze the shipping market in business operation and national policy establishment. However, it has become very difficult to forecast the shipping market cycle after COVID based on the balance of supply and demand as before. It is necessary to analyze this in a new way. Design/Methodology/Approach – In this study, we try to examine the relationship with freight using a new variable in a situation where traditional analysis is impossible. The basic analysis method of this study is panel regression analysis. In the basic formula, the COVID dummy variable was added to the independent variables, and the main variables and interaction terms were created to analyze the effect of economic indicators on shipping costs in the COVID situation. Findings – As a result of analyzing the impact of economic indicators on shipping costs after COVID, it was found that PPI and the Demand Forecasting Index had a negative effect on shipping costs. This is contrary to previous studies which found that shipping costs increase in proportion to economic growth or trade volume. However, economic instability increases the inflation index and the value of goods, and when inflation reaches its peak, the value of goods falls. Research Implications – This study is meaningful in that it analyzes the impact of the current situation on shipping costs, which may be difficult to analyze, and suggests the possibility of predictive research. If we apply this analysis and variables to predictive research, we will be able to derive meaningful results.
{"title":"Causes and Prospects of SCFI Fluctuations During the COVID Period","authors":"Y. Ha, S. Woo","doi":"10.16980/jitc.19.2.202304.161","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.161","url":null,"abstract":"Purpose – It is very important to forecast and analyze the shipping market in business operation and national policy establishment. However, it has become very difficult to forecast the shipping market cycle after COVID based on the balance of supply and demand as before. It is necessary to analyze this in a new way. Design/Methodology/Approach – In this study, we try to examine the relationship with freight using a new variable in a situation where traditional analysis is impossible. The basic analysis method of this study is panel regression analysis. In the basic formula, the COVID dummy variable was added to the independent variables, and the main variables and interaction terms were created to analyze the effect of economic indicators on shipping costs in the COVID situation. Findings – As a result of analyzing the impact of economic indicators on shipping costs after COVID, it was found that PPI and the Demand Forecasting Index had a negative effect on shipping costs. This is contrary to previous studies which found that shipping costs increase in proportion to economic growth or trade volume. However, economic instability increases the inflation index and the value of goods, and when inflation reaches its peak, the value of goods falls. Research Implications – This study is meaningful in that it analyzes the impact of the current situation on shipping costs, which may be difficult to analyze, and suggests the possibility of predictive research. If we apply this analysis and variables to predictive research, we will be able to derive meaningful results.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"86 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133605513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.33
Fansheng Zhou, Ki-hyung Bae, De-Kui Li
Purpose – In recent years, with the development of 5G technology and the rise of webcasting, livestream e-commerce has become a main shopping channel for consumers. Capturing the user behavior mechanism and understanding its influencing factors are of great importance for livestream e-commerce. Based on previous studies, this study proposes a research model mediated by herd behavior, attempting to illustrate how the three types of trust in livestream e-commerce affect final purchase intention through herd behavior. Design/Methodology/Approach – To achieve the research purpose, independent variables were selected by searching previous literature on livestream e-commerce, and a questionnaire was designed according to the situation in China. The survey was conducted online, and 312 users were surveyed via questionnaire. SmartPLS3.0 was used to conduct confirmatory factor analysis on variables and test hypotheses through regression analysis. Findings – According to the results of the study, herd behavior has a positive impact on livestream e-commerce consumer purchase intention, and consumer trust in livestream platforms and streamers has a statistically significant impact on herd behavior. Herd mentality plays a mediating role between trust and purchase intention. Research Implications – This study uses the psychological factor of herd behavior to establish an impact mechanism between trust and purchase intention in livestream e-commerce. For livestream platforms and streamers, long-term trust investment in consumers is required to influence consumers in livestream and increase sales opportunities.
{"title":"The Mediation Effect of Herd Behavior on the Impact of Trust on Purchase Intention: A Focus on Livestream E-commerce in China","authors":"Fansheng Zhou, Ki-hyung Bae, De-Kui Li","doi":"10.16980/jitc.19.2.202304.33","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.33","url":null,"abstract":"Purpose – In recent years, with the development of 5G technology and the rise of webcasting, livestream e-commerce has become a main shopping channel for consumers. Capturing the user behavior mechanism and understanding its influencing factors are of great importance for livestream e-commerce. Based on previous studies, this study proposes a research model mediated by herd behavior, attempting to illustrate how the three types of trust in livestream e-commerce affect final purchase intention through herd behavior. Design/Methodology/Approach – To achieve the research purpose, independent variables were selected by searching previous literature on livestream e-commerce, and a questionnaire was designed according to the situation in China. The survey was conducted online, and 312 users were surveyed via questionnaire. SmartPLS3.0 was used to conduct confirmatory factor analysis on variables and test hypotheses through regression analysis. Findings – According to the results of the study, herd behavior has a positive impact on livestream e-commerce consumer purchase intention, and consumer trust in livestream platforms and streamers has a statistically significant impact on herd behavior. Herd mentality plays a mediating role between trust and purchase intention. Research Implications – This study uses the psychological factor of herd behavior to establish an impact mechanism between trust and purchase intention in livestream e-commerce. For livestream platforms and streamers, long-term trust investment in consumers is required to influence consumers in livestream and increase sales opportunities.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117175418","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.16980/jitc.19.2.202304.369
Chun-Yeon Lim, Jeong-Ja Choi
Purpose – The purpose of this study is to analyze the relationship between risk managing capabilities, resilience, and shared value creation behavior for local MICE companies. Design/Methodology/Approach – This study will explore what kind of risk managing capabilities local MICE Alliance has used to pass through the long tunnel of Covid 19, and how they have demonstrated their ability to maintain and revive their organizations through risk managing and supply chain capabilities. An empirical survey was conducted with MICE Alliance member companies in regions except for Seoul and the metropolitan area. A total of 190 samples were collected for data analysis. Findings – While the supply chain capabilities had no impact on resilience, business performance resources had an effect on resilience. It is also noticeable that resilience had a significant impact on ESG-based shared value creation. Research Implications – In this study, the relationship between risk management capacity, resilience, and ESG-based shared value creation, which had been conducted in previous studies, was expanded to the local MICE alliance, playing a role in laying the theoretical foundation. In addition, although the supply chain capacity has no effect on resilience, it presents a homework that requires serious consideration for the sustainable MICE industry environment in the future.
{"title":"A Study on the Relationship between Risk Managing Capability, Resilience, and ESG based Shared Value Creation Behavior: The Era of With-Corona a Case of Local MICE Alliance in","authors":"Chun-Yeon Lim, Jeong-Ja Choi","doi":"10.16980/jitc.19.2.202304.369","DOIUrl":"https://doi.org/10.16980/jitc.19.2.202304.369","url":null,"abstract":"Purpose – The purpose of this study is to analyze the relationship between risk managing capabilities, resilience, and shared value creation behavior for local MICE companies. Design/Methodology/Approach – This study will explore what kind of risk managing capabilities local MICE Alliance has used to pass through the long tunnel of Covid 19, and how they have demonstrated their ability to maintain and revive their organizations through risk managing and supply chain capabilities. An empirical survey was conducted with MICE Alliance member companies in regions except for Seoul and the metropolitan area. A total of 190 samples were collected for data analysis. Findings – While the supply chain capabilities had no impact on resilience, business performance resources had an effect on resilience. It is also noticeable that resilience had a significant impact on ESG-based shared value creation. Research Implications – In this study, the relationship between risk management capacity, resilience, and ESG-based shared value creation, which had been conducted in previous studies, was expanded to the local MICE alliance, playing a role in laying the theoretical foundation. In addition, although the supply chain capacity has no effect on resilience, it presents a homework that requires serious consideration for the sustainable MICE industry environment in the future.","PeriodicalId":166989,"journal":{"name":"Korea International Trade Research Institute","volume":"153 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125899180","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：