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A Study on Economic Performance and its Determinants by Value-Chain in Korean Solar Energy Companies  

Kim, Dok-Han (Department of Energy Policy, SNUT)
Park, Sung-Hwan (Department of Energy Policy, SNUT)
Park, Jung-Gu (Graduate School of Energy & Environment, Seoul National University Technology(SNUT))
Publication Information
Journal of Energy Engineering / v.18, no.3, 2009 , pp. 175-190 More about this Journal
Abstract
This study examines the influence of scale economy, technology, financing capability and market competition on economic performance by value chain in Korean solar energy companies, using the multiple logistic regression analysis. The current profit ratio is analyzed to have been positively affected by financing capability, while negatively by market competition. The scale economy and technology are analyzed to have no statistical significance on the economic performance. The current profit ratio for companies creating higher value in the sourcing process is negatively affected by technology while positively by financial capability. The one in the manufacturing process is affected positively by technology and financing capability, and the one in the marketing process is affected positively by financing capability while negatively by market competition. The implications of this study are as follows: Korean solar energy industry is recommended i) to establish the specific innovation system for technology development, ii) to set up advanced financial system, iii) to carry out the fractal system, the manufacturing system through the network of the firms owning core competence per value chain.
Keywords
Korean solar energy; economic performance; determinants; value chain; fractal system;
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