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This paper presents 6 time-series that have negative correlation with KOSPI200 Index and a quantitative trading methodology based on stochastic control chart using these time-series. The proposed quantitative trading framework detects trade (long or short) timing by monitoring whether a time-series touches 4 trigger lines, which play a role as control limits in control chart. In other words, a time-series upwardly touches one of trigger line, then the framework take a short position on KOSPI200 Index Futures, while in case of downward touch, it takes a long position. The 6 time-series are derived from VKOSPI and USD Futures Index that are negatively correlated with KOSPI200 Index, and have a significance that prevents disclosure of trading strategies by processing and transforming the original time-series. Computational experiments using real KOSPI200 futures index for recent 4 years are conducted to show the excellence of the proposed investment strategies against benchmark strategies under quantitative trading framework.

It is documented that companies and government agencies in the USA invest more in the fourth fiscal quarter without having higher investment opportunities. While previous studies focus on the agency conflicts and information asymmetry within organizations, this study is motivated by Scharfstein and Stein's (2000) two-tiered agency model and aims to examine how firms' external business environment affects the “fourth quarter effect.”

The authors implement this study in a sample of 41 countries and observe similar seasonality in firm investment as documented in the US market.

More importantly, using country characteristics, this study finds that firms from countries with better investor rights and protection, and more developed financial markets show less severe over-investment in the fourth fiscal quarter.

This paper contributes to the literature of law and finance, and the internal capital market, by investigating the quarterly investment patterns of firms from 41 countries. The authors find that similar to the results in earlier studies on the US market, firms in the global market increase their capital expenditure in the fourth fiscal quarter, indicating that the internal agency conflicts between the headquarters and divisional managers are widespread across the world. The authors also find that firms that operate in countries with higher investor rights and protection, and more developed financial markets, tend to show less severe “fourth quarter effect”.

The secondary phase decreased the corrosion resistance because of the segregation of Cr and Mo. Therefore, this paper aims to study the precipitation condition and the effect of secondary phase with volume fraction on corrosion behavior.

Secondary phase precipitated approximately from 375°C to 975°C because of saturated Cr and Mo at grain boundary by growth of austenite. Therefore, heat treatment from 800°C to 1,300°C was applied to start the precipitation of the secondary phase.

The secondary phase is precipitated at 1,020°C because of segregation by heterogeneous austenite. The growth of austenite at 1,000°C needs the time to saturate the Cr and Mo at grain boundary. When the volume fraction of austenite is 56 per cent (14 min at 1,000°C), the secondary phase is precipitated with grain boundary of austenite. The secondary phase increased the current density (corrosion rate) and decreased the passivation. That is checked to the critical pitting temperature (CPT) curves. The 1 per cent volume fraction of secondary phase decreased CPT to 60°C from 71°C.

The precipitation of secondary phase not wants anyone. Casted super-duplex stainless steel (SDSS) of big size precipitates the secondary phase. This study worked the precipitation condition and the suppression conditions of secondary phase.

Manufacturers need precipitation condition to make high-performance SDSS.

The corrosion resistance of SDSS is hard the optimization because SDSS is dual-phase stainless steel. The precipitation of the secondary phase must be controlled to optimize of the corrosion resistance of SDSS. Anyone not studied the precipitation condition of secondary phase and the effect of secondary phase with volume fraction on corrosion behavior of SDSS.

In this study, super duplex stainless steel (SDSS) was heat-treated. The purpose of this study is to assess the effect of the cooling rate after heat treatment on the pitting corrosion of SDSS.

The heat treatment from 1,000°C to 1,300°C was applied to SDSS to check the effect of the cooling rate.

The heat treatment temperature produced a different SDSS microstructure, and the cooling rate led to the growth of austenite. The casted SDSS indicated the presence of heterogeneous austenite, and the precipitation secondary phase under 1.6 per cent precipitated to bare metal. By applying heat treatment and cooling SDSS, its corrosion resistance changes because of the change in the chemical composition. The cooling rate at 5,600 J/s has the highest critical pitting temperature (CPT) at 1,100°C, and the cooling rate at 1.6 J/s has the highest CPT at 1,200°C. Low cooling rate (0.4 J/s) made the secondary phase at all temperature range.

The effect of secondary phase not consider because that is well known to decreasing corrosion resistance.

Solution annealing is taken into account to optimize the corrosion resistance. But that is not consider the cooling rate at each temperature. This study assessed the effect of the cooling rate at each temperature point.

Manufacturers need to know the effect of the cooling rate to optimize the corrosion resistance, and this study can be applied in the industrial scene.

SDSS is hard the optimization because SDSS is a dual-phase stainless steel. Corrosion resistance can be optimized by controlling heat treatment temperature and the cooling rate. Anyone not studied the effect of the cooling rate at each temperature. The effect of the cooling rate should be considered to optimize the corrosion resistance.

This chapter surveys papers and the related literature on the relationship between banks’ creditor structure and bank risk during the period of liquidity crises. Departing from the conventional banking literature, which points to deteriorating asset quality to be the culprit for the amplified bank risk in the midst of financial crises, the studies in the aftermath of the global financial crisis look into the liability side of the bank balance sheet as a potential source for the augmented bank risk during the financial crisis when there is a liquidity contraction. Recent studies theorize and provide empirical evidence that banking institutions with a greater share of large lenders and an economy with high noncore bank liabilities in the banking sector may experience heightened bank risk or country risk. We also search for policy implications from this survey.

The purpose of this paper is to explore and examine the relative impact of product and channel attributes on luxury product shopping in the multi-channel environment.

A D-optimal discrete choice conjoint design was used. The data were analysed using a multinomial logit model and desirability indices.

Findings indicate that low price was the most important factor that influenced young consumers' preferences. After price, young luxury consumers placed a greater importance on channel attributes such as human-assisted service and virtual fitting rooms.

The sample consisted of young consumers in their 20s and 30s, who utilise both online and offline channels. Hence, the income level was relatively low. Also, the results cannot be generalised to all luxury consumers.

Providing preferable channel attributes is more crucial to young luxury fashion shoppers than focusing on improving product attributes, with the exception of price.

The paper proposes the optimal combination of key product and channel attributes that is most preferable to young luxury fashion consumers in the multi-channel environment.

The purpose of this paper is to present a new perspective on the marketing-R & D interface by modelling firms that develop new products in a duopolistic market.

By using a game-theoretic modelling approach, this study examines strategic delegation, through which the marketing and R & D managers of each firm are given authority over pricing and new products’ quality levels.

Interestingly, the study finds that the case where two managers with conflicting incentives negotiate (the horizontal coordination case) might produce a better financial outcome than when the managers’ decisions are perfectly coordinated by a profit-maximizing CEO (the vertical control case). In addition, the study identifies several conditions that guarantee horizontal coordination’s generation of higher profit, such as high (or low) sensitivity to the quality (or price) of a new product. The paper further shows that two competing firms may select horizontal coordination as a Nash equilibrium.

These findings provide new insights into the role of marketing-R & D interaction under strategic delegation, which may allow rival firms to “spend smart” on R & D, avoid excessive (and unnecessary) quality competition, and thus enhance the profitability of new products. Such insights would be useful for any firms under budget constraints.

To the authors’ knowledge, this paper represents the first attempt to analyze how delegation interacts with the conflicting incentives of marketing and R & D managers, which in turn affects the quality investment decisions, competitive intensity, and, ultimately, the financial outcomes of new products developed competing firms.

Quality 4.0 is managing quality during the fourth industrial revolution. It is used by modern-day organizations as a strategy to compete and thrive in the marketplace. The purpose of this study is to analyze the potential impact of Quality 4.0 on organizational performance.

This study through an integrative literature review critically analyzed 41 previous literature articles to study the impact of Quality 4.0 on various metrics of organizational performance.

The results of the review suggest that Quality 4.0 may have an impact on financial performance, customer value proposition, internal business processes, learning and growth, environmental performance and social performance.

This study is limited by the databases reviewed. The second limitation is that this study considered articles published in the English language. Therefore, articles published in other languages were not considered in this study.

Organizations can use the findings of this study to strongly leverage the implementation of Quality 4.0 to reach their strategic objectives and improve competitive advantage.

This is the first study to explore the impact of Quality 4.0 on organizational performance through an integrative literature review.

This paper, in face of the increasing interconnectivity between local and global, has attempted to retrospect the critical moment of Korean society under Tae‐woo Rho (1988–93) regime, in which Korea struggled for fundamental reforms of the earlier centrally controlled state system through economic rationalization and labor flexibilization. During that juncture of Korean history, neo‐liberalization under the influence of Fordian decline was a governing theme behind the Korean economy's policy formation as well as labor agenda. This reliance of government on the neo‐liberal pillar has made an impact on the subsequent leaderships under Young Sam Kim (1993–1998) and Dae Jung Kim (1998‐present). After briefly reviewing the major aspect of Korean economy and labor problems surrounding the financial crisis of East Asia around 1998, the international influence of Fordian decline and neo‐liberalization as a Korean alternative has been discussed.