본문 바로가기 주메뉴 바로가기
22대 대한민국 국회 국회정보길라잡이 국회의원검색
회원가입 로그인
HOME

정보검색

소장정보 검색

국회도서관 홈으로 정보검색 소장정보 검색

결과 내 검색

동의어 포함

고급검색

인명/단체명

저자정보 상세정보
인명/단체명을 입력하세요.

키워드

  • 대표어

  • 외국어

-

초록보기

Purpose: This study examines the role of perpetual convertible bonds (CBs) as restructuring instruments in Korea’s logistics and shipping industry. It specifically focuses on the dilution of shareholder value upon CB conversion into equity and the resulting conflicts between creditors and existing shareholders. Despite these risks, perpetual CBs are frequently used to stabilize distressed firms, especially through state-owned financial institutions. Research Design, Data, and Methodology: A qualitative case study method analyzes the case of HMM. The analysis draws upon academic literature, analyst reports, public disclosures, and financial news. The study investigates how the issuance and conversion of perpetual CBs affected HMM’s corporate governance, market valuation, and investor sentiment. Results: The findings reveal that while CBs offer short-term liquidity and balance sheet improvement, their conversion leads to substantial equity dilution and loss of value for minority shareholders. HMM’s case highlights how ambiguous dividend policies, excessive cash reserves, and concentrated public ownership contribute to continued undervaluation. Unresolved CB obligations further hinder attempts at privatization. Conclusion: The study recommends policy reforms to strengthen disclosure standards, enhance governance transparency, and protect shareholder rights. These measures are critical for improving the effectiveness and sustainability of mezzanine financing in corporate restructuring practices.

권호기사

권호기사 목록 테이블로 기사명, 저자명, 페이지, 원문, 기사목차 순으로 되어있습니다.
기사명 저자명 페이지 원문 목차
(The) impact of blockchain technology on supply chain transparency and integration in China’s charitable organizations Yida Yang, Azmawani Abd. Rahman, Khalina Abdan, Yuhanis Ab Aziz, Yanfeng Li p. 1-17
Strategic insights into startup success in entrepreneurship : a SHAP-based approach Kanjana Hinthaw, Warawut Narkbunnum p. 19-33
Logistics service and its impact on shaping customer satisfaction and loyalty in E-commerce distribution : an empirical research from Vietnam Hoang Duong Nguyen, Bich Ngoc Nguyen p. 35-47
Effect of configuration, collaboration, and coordination on tourism supply chain performance : the moderating role of government policies Do Minh Phuong p. 49-60
(The) role of electronic word-of-mouth on online purchase intention in Vietnam Thanh D. Nguyen, Ngoc N.T. Nguyen p. 61-70
Exploring user acceptance in mobile commerce : a personality-based approach Nam Hoang Trinh, Ha Hong Tran p. 71-81
Effect of convertible bond on the logistics and shipping industry : focusing on the HMM case Ilhang Shin, Taegon Moon p. 83-90
Determinants of business performance during a market shock : a comparative study of traditional internationalizers and born globals in Korean industry Kil-Yong Seong, Byoung-Goo Kim, Chun-Su Lee p. 91-102
From burnout to mindfulness distribution : supply chain paths of recovery and teaching among middle-aged MBSR instructors Hee-Soo Weon p. 103-112
Recent trends and directions in performance distribution and path management of soccer players using GPS and wearable technologies Songyi Song, Hyongjun Choi p. 113-120
AI-driven marketing strategies for fresh food E-commerce : Delphi-b[a]sed approach to distribution and logistics optimization Young-Geun Park p. 121-126
(The) effects of airline NFT art characteristics on perceived value and purchase intention Sung-Sook Ahn, Sang-A Park p. 127-141
Effect of network centrality on the relationship between trust and collaborative decision-making in supply chain Jinhan Kim, Sungbin Cho, Byoung-Chun Ha p. 143-157

추천서가 (다양한 추천 자료를 만나보세요)

권호기사보기

권호기사 목록 테이블로 기사명, 저자명, 페이지, 원문, 기사목차 순으로 되어있습니다.
기사명 저자명 페이지 원문 기사목차

권호

기사명 원문보기 기사목차
닫기