• 한국경영과학회지
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• 제34권4호
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• pp.1-14
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• 2009

This study empirically tests post-M&A performance through competitiveness variables based on extensive firm-based panel data over the past 26 years in the world steel industry. Different measures of profitability, productivity, efficiency, market share, and growth rate which are considered as critical factors of competitiveness are used in the analysis. In particular, this paper tries to separate M&A samples into two cases; horizontal integration (between steel makers) and vertical integration (between steel makers and iron ore suppliers/steel consuming firms). Merged firms show significant improvement in competitiveness relative to other individual firms in the steel industry.

• 한국대기환경학회지
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• 제32권3호
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• pp.329-341
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• 2016

Pohang is a well-known industrial city in Korea with a large steel-industrial complexes. The biggest environmental issue in the city is associated with fine particulate matter (hereinafter, $PM_{10}$). The concentration of $PM_{10}$ is generally dependent on the local emission sources and meteorological conditions. Iron and steel industrial complexes are likely serious pollution sources of $PM_{10}$ in Pohang. In this study, daily $PM_{10}$ data from a large database from the year of 2000 to 2012 were statistically analyzed, together with meteorological data. The average concentrations of $PM_{10}$ were evaluated according to the frequency of Asian dust, haze, mist, and fog. The number of days exceeding short-term standard for $PM_{10}$ were also examined, taking into consideration of weather conditions. It was found that the concentration of $PM_{10}$ was reduced about 18% to 26% because of precipitation. In addition, the effects of wind direction and wind speed on the $PM_{10}$ concentrations were investigated.