• The Korean Journal of Financial Studies
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• v.10 no.1
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• pp.45-72
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• 2004

본 연구에서는 우리나라에서 EVA의 주가변동에 대한 설명력을 실증적으로 분석함으로써 주주가치 극대화의 규범이 어느 정도로 통용되고 있는가를 고찰하였다. 이와 같이 EVA의 주가변동에 대한 설명력을 분석해봄으로써 자본자유화 이후 상대적으로 주주가치 극대화의 규범이 한국자본주의에 어느 정도 영향을 주었는지 판단할 수 있다. 실증분석의 결과를 종합해볼 때, 우리나라에서는 EVA의 주가변동에 대한 설명력이 그다지 뚜렷하지 않은 것으로 판단된다. 보다 확고한 판단을 내리기 위하여 당기 순이익과 매출액을 사용한 모형들과 서로 비교해보기도 하였지만 결과는 대동소이 하였다. 그리고 IMF 위기를 전후하여 시장에 구조적인 변화가 있었을 것이라는 전제 아래 표본기간을 위기가 발생한 시점을 기준으로 전과 후 두 기간을 구분하여 분석하기도 하였고, 산업별로 구분하여 고찰하기도 하였지만 결과는 기본적으로 동일하였다. 분석결과가 시사하는 바에 따르면 우리나라에는 아직 주주자본주의가 제대로 자리를 잡았다고 말할 수 없다. 그러나 기업들이 가치중심경영으로 패러다임을 신속하게 전환하지 못한다면 무한경쟁으로 집약되는 생존경쟁에서 결코 살아남지 못하기 때문에 기업들은 경영에 있어서 EVA를 더욱 중시하는 방향으로 전개할 것이다. 따라서 앞으로 EVA는 그 설명력을 점차 높여갈 것으로 판단된다.

• The Journal of the Korea Contents Association
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• v.14 no.7
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• pp.427-434
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• 2014

In this research, it is empirically tested whether firm value after the adoption of IFRS is increased in Korea and China using Tobin's Q model. In Korea, IFRS was mandatorily adopted in 2011 for all companies. China mandated IFRS conversion for public traded companies starting 2007. The revisions bring Chinese standards closer to the IFRS benchmark of internationally recognized quality, but the new standards will not be word-for-word translations of IFRS, though they founded on similar principle. We expect the different adoption process between Korea and China can make different impact of IFRS on firm value. The results are summarized as follows. First, Tobin's Q seems to be increased after the adoption of IFRS, and the firm value is significantly different between before and after IFRS adoption in Korea. Second, Tobin's Q seems to be increased after the adoption of IFRS, but the analysis by t-test is not significantly higher for post IFRS. These results could be a good finding in that the impact of IFRS adoption on firm value is different by adoption process.

• Journal of the Korean association of regional geographers
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• v.9 no.2
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• pp.135-152
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• 2003

The purpose of this study is to suggest the model of supporting decision making and the method of evaluating criteria and alternatives by value judgement and to apply the model and method suggested to the case of the University Student's housing choice. The criteria and alternatives are evaluated in terms of intuitive judgement and the Analytic Hierarchy Process(AHP). The university students of the Daegu Metropolitan area consider the socioeconomic and environmental factors more important than the characteristics of housing to evaluate their future housing types. In terms of the student's intuitive judgement, socio-educational environment, accessibility, economy, natural environment, and the characteristics of housing are considered in order as an important criteria of evaluating housing. The orders of the important criteria done by an intuitive judgement and the AHP are different. In terms of the AHP, apartment, detached dwelling, and row house are preferred in order as the student's future housing types. The orders of preferred housing types are, however, dynamically changed based on specific criteria. In sum, the model of decision making and the method of evaluating criteria and alternatives by value judgement will be applied to the real problems defined by uncertainty and high risk.

• Korean Journal of Heritage: History & Science
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• v.49 no.4
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• pp.22-37
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• 2016

This research sought to examine the strategies of cultural heritage proving the negative history to be registered as world heritage, among the World Heritages registered in UNESCO. Therefore, to comprehend "negative history"and the heritages with "instructive value," the new term of "Remembrance Heritage"was suggested, and such cases of world heritage were analyzed. Especially by analyzing the criteria of being registered by focusing on the cases of similar World Heritages with similar historical background or form as Korean DMZ, the criteria of OUV that may be applied when Korean DMZ is promoted to be registered as World Heritage. The research results may be summarized as the following. First of all, Remembrance Heritage is a place in which events of universal significance have occurred, rather than the historical, artistic, landscape, and scholastic value of the heritage itself, and was evaluated as architecture, landscape, or place in which the events or historical steps could be verified through architectural, landscape, archaeological or technical means. Secondly, Remembrance Heritage was often applied to be registered with the criterion (vi), and criterion (iii) or criterion (iv). Thirdly, in case of the Korean DMZ, application of criterion (iv) as heritage proving the age of cold war and criterion (vi) as symbolic value of peace may be possible.

• Journal of the Korean Institute of Traditional Landscape Architecture
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• v.30 no.1
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• pp.1-13
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• 2012

Most of all Castle Remains in Korea were built on an axis of development with a scale of great magnitude. Because of its characteristics, the restoration and conservation plans should be phased in over medium and long term. There is no standards for evaluating the value of Castle Remains to set up the restoration and conservation sections. Some plans were set up through the value evaluation of its Castle Remains but those plans didn't have Evaluation System and different weight depending on different environment between Sanseong(mountain fortress) and Eupsung(fortress built in villages). To solve the limitation of Evaluation System of Castle Remains, this study try to approach in the Evaluation System methodology for selecting restoration sections. The results of its study follow below. First, this study drew the Evaluation Indices for selecting restoration sections of Castle Remains. There are three kinds of Elements(upper Index) and nine kinds of Evaluations(low Index). Second, Calculation of weight index by index on the questionnaire survey from expers through the relative importance analysis of AHP. Third, This study suggests the specific Evaluation System according to types; Sanseong(mountain fortress) and Eupsung(fortress built in villages);. Therefore, this study suggests standards to select the priority list for the restoration and conservation plan process and it can be used one of important standards in future plans.

• The Journal of the Korea Contents Association
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• v.13 no.10
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• pp.533-546
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• 2013

This study analyzed the contents of online hotel reviews of Benikea hotels. The results were as follows: First, the outstanding customer value were functional value, emotional value, price/value for money and epistemic value, conditional value are next. Social value was not found. Functional value was provoked by the functions of hotel room, room amenities, room view, room cleaness, restaurant service, and hotel staff friendliness as human services. Emotional value was the emotional response to the qualities of hotel's functions. Price/value for money was a perceived value of hotel user by the comparison of what to invest with what to receive. From the results, it can be proposed that hotel should maintain the basic qualities of core functions of hotel.

• Journal of Digital Convergence
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• v.11 no.4
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• pp.449-457
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• 2013

This study seeks to find the sociocultural value which influences the man image and make-up in media. It helps to gain the effective data that suggest the application of male make-up in promoting development of market. The man emphasizes the practical value which is the technical and instrumental value to express the man image rationally, aesthetic value to pursue aesthetic purely and symbolic value which is a volitional and intentional value experienced in the history and society to express preferring man images as the society is changed. As analysing the man image based on sociocultural value, the practical value of men's make-up is to maximize the utility vale in order to deliver a clear image considering their activity range, environment, and situation. Second, the aesthetical value of men's make-up is to emphasize femininity through women's make-up technic. Third, the symbolic value of men's make-up is to deliver a concept or intentionally create an image by maximizing overall characteristic image. It will be hopefully valuable as a basic data for developing make-up products and setting trend for men as well as for future studies.

• Journal of Korea Society of Industrial Information Systems
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• v.27 no.3
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• pp.47-58
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• 2022

As firms increase their operations in the international arena, there is a growing need for managers to understand cross-cultural issues in adopting information systems(IS). The present study surveyed IS developers with respect to their perceptions on the importance of various criteria for successful development of information systems. The results indicated that developers perceive criteria related to the organizational and systems level to be more important than criteria on the strategic and user level. In addition, the developers perceive immediate/direct criteria as more important that indirect/long term criteria. The current study found little differences between developers working for innovative versus those working for non-innovative companies with respect to their views on the importance of various success criteria. There were also very little differences in the perceptions of IS developers at different hierarchical ranks.

• Journal of Korean Society of Transportation
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• v.27 no.5
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• pp.163-168
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• 2009

Travel time reduction is a benefit in economic analysis. Freight transportation time reduction benefits influence the logistics industry. The objectives of this paper are to estimate the Value of Time (VOT) for transportation time reduction with logit methodology. The data of Gyeonggi-do's domestic road freight transport in 2007 are used. VOT was estimated for five commodities. An average VOT of 19,946 won/vehicle-hr was calculated; transport of electronic parts had the highest VOT. This study will help provide direction for improving Korea's road infrastructure for freight.

• Journal of Korean Society of Transportation
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• v.35 no.5
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• pp.434-446
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• 2017

This study was carried out to suggest new indicators to be used at airports. Generally, passengers and cargo will be handled at the airport, and the airport will achieve revenues through them. However, all airports can not have the same distribution of passenger and cargo throughput. When comparing and analyzing several airports, a uniform result can be expected only if a unit airport throughput indicator is applied. The 'Work Load Unit' is an indicator that integrates passengers and cargo into one, and assumes that the value of one passenger is equivalent to the cargo volume of 100kg. The existing WLU was set up based on the experience at the airport rather than being established through reasonable grounds or analysis, so there was a lot of controversy. The purpose of this study is to overcome these limitations and to suggest new index. In this study, we applied a method to compare the relative value of cargo and passenger to airport revenue. In order to analyze cargo value and passenger value, airport revenues are classified into aircraft operation related revenues, passenger handling related revenues, and commercial revenues. A total of 50 airports were selected, including 14 airports in Asia, 18 airports in Europe and 18 airports in North America. According to the final analysis results, it is concluded that the cargo is equivalent to 280kg of cargo based on the contribution of one passenger averagely. This is higher than the value of 100Kg cargo per passenger.