Kyung‐Hee Jung and Sang‐Kyu Lee
To provide new roles of steel mills with desirable business strategies in the supply chain of automotive steel sheets.
Abstract
Purpose
To provide new roles of steel mills with desirable business strategies in the supply chain of automotive steel sheets.
Design/methodology/approach
The characteristics of the relationship between automakers and steel mills, which aim to provide different patterns according to regional markets, are classified into the customer‐supplier relations in the regions of North America and Japan. Extended roles of steel mills with expected responsibilities are considered in the automotive supply chain, not just raw material suppliers.
Findings
Provides new procurement programs of automakers, indicating what can be found there for new paradigm of steel suppliers and how new procurement programs can change. Emphasizes the necessity of developing more updated and functional business models of steel mills in the value chain.
Practical implications
Steel mills have to extend their conventional roles to downstream processing in the automotive steel supply chain, in order to maintain cooperative and interdependent relations with OEMs.
Originality/value
This paper fulfils extended roles of automotive steel suppliers in supply chain management and offers collaborative partnerships to steel mills and automakers.
Details
Keywords
Minyoung Noh, Doocheol Moon and Laura Parte
This paper aims to provide evidence of an unintended observable consequence of International Financial Reporting Standards (IFRS) adoption by examining opportunistic use of…
Abstract
Purpose
This paper aims to provide evidence of an unintended observable consequence of International Financial Reporting Standards (IFRS) adoption by examining opportunistic use of earnings management through revenue as well as expense items classification shifting in the year of transition.
Design/methodology/approach
To document classification shifting, the authors take advantage of the Korean mandatory IFRS adoption in 2011, when broad discretion was given to publicly traded companies’ managers to present operating profits.
Findings
It is found that companies strategically use both revenues and expenses to manage core earnings at the time of transition by shifting other income as a common tactic to improve their operating performance and special expenses just to meet or beat earnings targets.
Originality/value
Given the concerns of the Securities and Exchange Commission (SEC) about classification shifting behavior and the debate over whether the SEC should mandate the use of IFRS for US companies, the findings of this study are timely and contribute to authors’ understanding of the unintended consequences of mandatory IFRS adoption.
Details
Keywords
Hong‐Youl Ha, Swinder Janda and Sang‐Kyu Park
Despite an extensive body of research on brand loyalty, it has been demonstrated that customer‐based brand research is still in a state of evolution. The purpose of this paper is…
Abstract
Purpose
Despite an extensive body of research on brand loyalty, it has been demonstrated that customer‐based brand research is still in a state of evolution. The purpose of this paper is to develop and test alternative models of the brand loyalty process by examining the effects of customer orientation, brand association, perceived service quality, and satisfaction on brand loyalty utilizing data from South Korea and China. Further, relatively little attention has been given to the competing process of individual‐level brand loyalty. Thus, this paper aims to examine the relationships among satisfaction and other key constructs that may potentially affect brand loyalty.
Design/methodology/approach
Structural equation analysis of six competing models is provided. Although competing models are supported by prior research, they differ with respect to the particular mechanism that underlies the alternative explanations and the mediating effects. In this study, Armstrong's notion is adopted to show that the role of the scientist is changed from advocating a single hypothesis to evaluating which of a number of competing models is more appropriate. The current research attempts to empirically test competing mechanisms pertaining to how each of the variables affects brand loyalty.
Findings
First, the research model fits well and outperforms other competing models. Second, the results are consistent with the proposed model even though there are cultural differences between Chinese and South Korean consumers. Finally, the research model empirically establishes the mediating role of satisfaction in the context of brand loyalty formation.
Originality/value
This study is a contribution to extant research because it empirically establishes the inter‐relationships between important variables affecting brand loyalty (e.g. customer orientation, satisfaction, and perceived quality) across two cultures (South Korea and China), thus further enhancing the efficacy of the obtained results.
Details
Keywords
Hong-Youl Ha, Jang-Gyem Kim and Yongkyun Chung
The purpose of this paper is to select the best model among alternative models explaining the relationship maintenance in mediation.
Abstract
Purpose
The purpose of this paper is to select the best model among alternative models explaining the relationship maintenance in mediation.
Design/methodology/approach
Four alternative models are employed in order to select best fit model through the test of each construct using Korean and Indonesian firm data.
Findings
The settlement model out of four alternative models is the best fit model in both Korea and Indonesia. The nexus of experience-settlement is not similar between Korea and Indonesia. The nexus of cost-saving-settlement is similar between two countries.
Practical implications
The field manager and policy maker get useful information from the findings. In particular, Korea and Indonesia belong to different cultural clusters.
Originality/value
This study contributes to the mediation literature through the suggestion of hypothesized model of relationship maintenance intention in mediation.