Go to the main menu
Skip to content
Go to bottom
REFERENCE LINKING PLATFORM OF KOREA S&T JOURNALS
> Journal Vol & Issue
The Journal of Fisheries Business Administration
Journal Basic Information
Journal DOI :
The Korean Society of Fisheries Business Adminidtration
Editor in Chief :
Volume & Issues
Volume 26, Issue 2 - Dec 1995
Volume 26, Issue 1 - Jun 1995
Selecting the target year
Price and qualify Effects in US Fisheries Demand
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 1~8
This paper tries to estimate price and quality effects in US cross - sectional fisheries demand analysis using 1987-88 Nationwide Food Consumption Survey Data. The estimated results support to the hypothesis of quality effects in cross - sectional prices, which had been already proven by Cox and Wohlgenant(1986). But Since all zero observations for the respective incomes, expenditures and quantities are eliminated for the ease of computation, it may yield inconsistent estimates from selectivity bias.
Problems and complementary Measures from the Overall Enforcement of Free Market System;- Fish Markets in the Production -
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 9~27
From now on, the direction of fishery products circulation measure should be improved the system to give just the right of free choice of sale route like retail, direct sale, direct dealings and direct shipping only for fishermen to produce them diversifing the function and the role of current fish market in the production to prepare the fishery internationalization, to improve the competitiveness of coastal and off-shore fishery. Practically wholesale market in land and fish market in the production have the different function and role, the organization of wholesale market in land can't substitute the essential function and role which fish market in the production should perform. So far, fisheries cooperatives as a managing subject of fish market in the production have depended on the consignment sales and purchases of fishery products but, from now on, it should be explore the widespread supply way of fishery products by producing value - added fishery products that should bring higher demand from the consumers, producer - consumer direct marketing system through not only consignment sales but also direct sales that common processing and manufacturing system of fishery products under the management of FC has been established. The direction of the idealest structural improvement of fishery production circulation organization is to establish the the position of the fishery retail price leader based on the standard of market in the fisheries production due to existing characteristics of fisheries, accordingly, to harmony the market organization of direct transportation, direct sales and direct dealings form by producer and group of producers with market organization in the fisheries production, and to make the condition to do the appropriate distributive function.
Exclusive Economic Zone Expansion and Resource Efficiency: Strategic Expansion and the Effects of Lobby
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 29~40
Since the coastal countries, such as Unite States and other Latin America countries, proclaimed their 200 nautical mile Exclusive Economic Zone, these countries have attention to the need to develop effective coastal management and resource conservation But these countries often perceive themselves as being in competition with each other for profitable for the expansion of the vested EEZ. In such a situation, Exclusive Economic Zone expansion can appear as attractive policy tools in a coastal fishing firms in a noncooperative rivalries with pelagic countries, enable them to expand their fishing share and earn more profits. In reality, the coastal countries strategic Exclusive Economic Zone expansion change the initial condition of the game that both countries' fishing firms play. In this case, the coastal countries' fishing, such as South Korea, Japan and others, act as a followers. As result, the coastal countries' welfare is improved because of pelagic countries profit share shifts to the coastal countries profit share. In this paper, we find that coastal countries strategic EEZ expansion policy may not improve the coastal contries welfare if the shifting profits are dominated by the direct lobbying costs and related resource depletion.
A Study on the Introduction of Allocated Catch quota System
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 41~54
Recently our government intended to change the present fisheries management system into the allocated catch quota system, which is to increase the income of fishermen and to recover the depleted resources up to a desirable level. This paper is to find out the difficulties of introducing the allocated catch quota system into our fisheries mangement system and to reduce the possible errors for the enforcement of this system. The allocated catch quota system can be devided by two kinds, the one is to allocate among industries or fisheries with total allowable catch(TAC) and the other is to allocate among fishermen or individual vessels with individual fish quota(ITQ). The latter is a much advanced control system compared with the former and is what this study treats. This paper reviewed the case of Newzealand and Canada where the ITQ system is introduced earlier and classified the problems by two parts for successful introduction into Korea as follows : (1) allocation method problems, (2) enforcement problems. For the first part the problems to be considered are 1) a scientific oath qouta calculation system is necessary, 2) the quota must be opened, 3) by-catch problems. 4) interactions with adjoining countries. For the second part the problems to be considered are 1) monitoring system, 2) quota transferability, 3) quota flexibility, 4) the enforcement of the system must be connected with the reduction of fishing power, 5) a mass communication and decision making system between government and fishermen is essential.
A Study on Characteristics of Present Import for Live Fish
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 55~77
This study analyzed the structure of imported fisheries, focusing especially on the following factors of live fisheries import : First of all, it is confirmed that the import of live fisheries expands when domestic production decreases. To put it concretely, the structure of domestic live fish supply is based upon the production of aquaculture, the shift from export to domestic use, and imported live fisheries. These all coexist, expand, and grow together. Secondly, the structure of the consumer's market - the background of expanding and growing live fisheries-is currently diversifying with quality and quantity from a local area consumer system based upon regional markets, to a wider ranged system based upon the food industry and retailing market. The existence of the consumer markets is premised upon a stable supply structure, in terms of material and price. Thirdly, in terms of trade policy, control of imports instantly reduces import goods. But it is reasonable to say that there is not any logical effectiveness of denying the stable growth of low market capital under the background of strong consummer expansion. Fourthly, the attitude of the import related managener organization is directly related to the degree to which it is connected to live fish import. It is demanded that such a managing organization possess suitable facilities, specializaed knowledge, and management skill of live fisheries. So it is predicted that newly introducing the importing of live fisheries is not simple. It indirectly shows that the capital which relates to live fisheries are connected with the importing og live fish fisheries.
The Dividend Policy of the Pusan Cooperative Fish Market
The Journal of Fisheries Business Administration, volume 26, issue 1, 1995, Pages 79~104
Dividend Policy involves the decision to pay out earnings versus retaining them for reinvestment in the firm, and dividend policy decisions can have either favorable or unfavorable effects on the attainment of firm's objective. This paper is to examine the present status of dividend policy of the Pusan Cooperative Fish Market, and to suggest the optimal dividend policy decisions appropriate for achieving its objective, which is to promote the fishermen's benefits and protect the interest of consumers. There are two types of dividend that the Pusan Cooperative Fish Market pays to the equity owners : (1) dividend on capital and (2) equalized patronage dividend. During'90s, while the rate of dividend on capital ranged from 1.7% to 2.8%, that of equalized patronage dividend ranged from 13.9% to 22.9%. Therefore, the rate of total dividend on capital including revolving funds has been about 20%, which turns out to be much higher than those of companies listed in the stock market. According to the current dividend data, the Pusan Cooperative Fish Market focuses on the equalized patronage dividend and the dividen on capital is the secondary type of dividend. In addition, the interesting feature of equalized patronage dividend is that it is supposed to be reinvested into capital by the Articles of the Fish Market, as soon as the Fish Market pays it to its members. Finally, this paper suggests the rational dividend policy of the Fish Market that is able to help its objective to be achidved more efficiently. The overall direction of the rational dividend policy can be summarized as follows ; (1) The level of cash dividend on capital should be increased enough to reflect the market interest rate. (2) The subsidy of working capital to some member fisheries cooperatives as quasi- dividend should be cut off steadily. (3) The equalized patronage dividend should be replaced by the original patronage dividend whose level is determined by the volume of each member's purchase. (4) In the long-term, it is necessary to improve the system of revolving funds in the way that revoloving funds could serve to complement equity capital for only a fixed time, after which they ard repaid to the members.