2013, Vol.22, No.1

Journal of Regulation Studies 2023 KCI Impact Factor : 0.78

pISSN : 1738-7132
https://journal.kci.go.kr/ksrs2002

National Assembly is competitively proposing new bills holding up the idea that a stronger restriction on the use of non-regular workers may boost the employment of regular head counts. However, majority of the current proposals are intended to directly restrict the use of workforce, which could cause employment contraction. This paper examines the effect of mandatory switching of non-regular workers to regular workers on the level of employment in an economy where workers differ in employment adjustment cost as well as productivity. Simulation result shows that raising employment adjustment cost of non-regular workers by enforcing indefinite-term contract of non-regular workers causes employment contraction. This effect overwhelms employment expansion of regular workers, resulting in employment contraction of the whole economy. The pivotal thing is that the possible segment of workers that could lose their jobs is mostly the current non-regular workers. Thus, this is not in accordance with non-regular worker protection as well as job creation. Instead, lowering employment protection of current standard workers may create more standard and non-standard jobs, and shorten unemployment duration. Thus, reducing employment protection of standard workers can be an effective way of achieving both job creation and worker protection.

This paper investigates the determinants of the gambling addiction in six Korean gambling industries by regressing CPGI on various characteristics of games and consumers of gambling industries and draws policy implications to improve regulation on total sales of gambling industries. We find that reimbursement rate, frequency of participation, transportation time, and permission of off-board games have significant positive effects on the gambling addiction. Lottery induces the lowest gambling addiction among six gambling industries because they have less participation time, transportation time, and frequency of participation, and no opportunity for off-board games. Although National Gambling Control Commission has implemented regulation on total sales since 2009, an industry with lower prevalence rate of gambling addiction, i.e., lottery, has become downsized, while industries with higher prevalence rate of gambling addiction(casino, boat race, and cycle race) have increased in proportion to the total sales of six gambling industries. Therefore, we need a policy that correctly balances the proportion of gambling industries with a higher level of addiction.

The purpose of this study is to review the relation between corporate regulations and performance, and then suggest implications of the future regulation system. This study classified 8-matters on corporate regulations and reviewed domestic researches. The summarized results of this paper are as follows. The research on the internal trading showed that, even though the internal trading could cause the decrease of firm value and the transference of shareholder's wealth, the level of operating costs could be down and technology efficiency could be improved. The holding company system could cause the decrease of growth, profitability, and firm value, on the other hands, that system could affect the increase of firm performance and transparency by the improvement of corporate governance. Although the punitive damages system could make the burden for companies, that system could have positive effects on technology competitiveness of industry. The research on the separation of financial and industrial capital showed that, the combination of financial and industrial capital could affect the efficiency of costs, whereas, affect the weakness of competitiveness of financial affiliates operated by industrial capital. The research on the cross-shareholding showed two aspects, which are the decrease of firm value and the regulation of business diversification. The research on the regulation on the large business groups showed that the regulation didn't restricted the concentration of economic power. The research on the class action enactment showed that, even though the enactment could make the burden for companies by high costs of audits and lawsuits, it affected the transparency of posting the corporate information. The weak independence of monitoring organizations could cause the inefficiency of monitoring systems, on the other hands, the efficient operation of monitoring systems could have positive effects on firm value and financial performance.