5G needs to be viewed as a request for network upgrade driven by demands for innovative services, not only by demands for enhanced mobile networks per se. The R&D plan of the Korean government has been discordant with the vision of 5G, maintaining the tradition of sector- or issue-based R&D...

This paper examines how the onset of a financial crisis affects the operation of internal capital markets among firms within a diversified business group. We find that active internal capital markets within Korean business groups (chaebols) attenuated the financial constraints of the...

This study defines the intrinsic and extrinsic motivational factors that influence the prevention of industrial technology leakage by high-tech company employees. It also investigates how these factors affect the employees' intention to prevent leakage. Based on the TPB (theory of planned...

We examine net arbitrage trading (NAT) measured by the difference between quarterly abnormal hedge fund holdings and abnormal short interest. NAT strongly predicts stock returns in the cross section. Across 10 well-known stock anomalies, abnormal returns are realized only among stocks...