Introduced in 2010, the regulation obliging one-year duration for credit card rewards programs may have provided card companies with a cost-saving justification for terminating rewards program prematurely. In addition, the recently announced revision to the Regulation on Supervision of...

Introduced in 2010, the regulation obliging one-year duration for credit card rewards programs may have provided card companies with a cost-saving justification for terminating rewards program prematurely. In addition, the recently announced revision to the Regulation on Supervision of...

Platform mergers differ significantly from traditional mergers. In platform mergers, foreclosure issues, which are crucial in traditional vertical mergers, carry less significance but may still arise indirectly. Platforms, moreover, can favor their own businesses potentially disadvantaging...

"Treasury stocks play a vital role in retaining, protecting and transferring management rights in large enterprises. However, the sale of treasury stocks is essentially identical to the issuance of new shares in economic nature. Therefore, using treasury stocks to protect management rights could...

This paper investigates the sales process of treasury stocks, while most previous research studies treasury stock repurchases. The sales of treasury stocks are an important measure to protect management rights only in Korea, as Korea's laws and systems allow treasury stock sales according to the...

Treasury stocks play a vital role in retaining, protecting and transferring management rights in large enterprises. However, the sale of treasury stocks is essentially identical to the issuance of new shares in economic nature. Therefore, using treasury stocks to protect management rights could...

Korean Abstract: 본고에서는 플랫폼 경제의 성장에 따라 제기되는 다양한 경제학적⋅정책적 이슈를 검토한다. 특히 상대적으로 연구가 많이 진행되지 않은 두 이슈―온라인 후기 시스템의 효과성과 플랫폼의 역할 및 유인,...

An analysis of Korean firm data reveals that there is a higher tendency for CEOs in cartel firms to maintain their posts when the overall industrial performance, and not the individuals' relative performance, is high. This implies that an incentive for collusion, instead of competition, is...

Korean Abstract: 담합기업의 CEO는 경쟁사보다 성과가 높을 때가 아니라 산업 전반의 성과가 높을 때 연임할 확률이 높은 것으로 나타났다. CEO에게 담합을 추구할 유인이 주어지고 있는 것이다. 또한 경쟁기업에 비해...