The purpose of this paper is to investigate the possible role of asset tangibility (mainly collateral) on corporate’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and the 2000s considering its financial phase. The...

The service industry has been expanding in the world and its structure is being gradually advanced today. Among developed countries, the service industry now employs more workers than the manufacturing sector and contributes more value added. In the manufacturing industry, manufacturers expand...

Corporate investment leads job creation and output growth by increasing capital accumulation in the short-run, and also acts as a crucial element for sustainable economic growth in the long run. However, the external economic environment that Korea faces is currently not so bright. The U.S....

In this paper, we investigate the classical economic topic about the relationship between financial sector and the real economy by testing whether financial development eases firm’s financial restriction for investment. The role of financial development on the real economy is a controversial...

The subject of reducing greenhouse gas emission has already emerged as a critical issue in the world. Accordingly, the target system for controlling greenhouse gas and energy has become effective from 2012. Also, the emission trading scheme has been positively considered, and its legislation...

The development of technology improves the efficiency of the production process and increases the competitiveness of the commodity produced in general. Considering an open economy, technology raises a price and a quality competitiveness of domestic goods in the international market. Therefore,...

A container is defined as “a uniform, sealed reusable metal ‘box’ in which goods are shipped”(Murphy and Wood, 2008).1) Containers are a reusable transport and storage unit for moving products and even raw materials between locations or countries. Containers make it easier to handle...