IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v51y2015i5p1001-1020.html
   My bibliography  Save this article

Certification Benefits in High-Tech Industry: Evidence from Supply Contracts in the Korean Market

Author

Listed:
  • Noolee Kim
  • Kyoung-Min Kwon

Abstract

We examine the certification benefits of supply contracts in the Korean market, with special attention to high-tech and KOSDAQ supplier firms by analyzing the influences of supply contract announcements on supplier firms’ valuation and operating performances. We find that the announcement of supply contracts have a significantly positive effect on the supplier firm value. This positive effect is greater for the suppliers in the high-tech industry especially in the KOSDAQ market. We also find that the enhancements of operating performances are greater for high-tech firms traded in KOSDAQ. These results indicate stronger certification benefits of supply contracts by high-tech suppliers.

Suggested Citation

  • Noolee Kim & Kyoung-Min Kwon, 2015. "Certification Benefits in High-Tech Industry: Evidence from Supply Contracts in the Korean Market," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 51(5), pages 1001-1020, September.
    • Handle: RePEc:mes:emfitr:v:51:y:2015:i:5:p:1001-1020
    DOI: 10.1080/1540496X.2015.1061390
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2015.1061390
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2015.1061390?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jun Woo Park & Seyoung Guahk, 2017. "Financial Performance of Healthcare Firms: The Case of Korea," International Journal of Economics and Financial Issues, Econjournals, vol. 7(3), pages 721-728.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:51:y:2015:i:5:p:1001-1020. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.