• Proceedings of the Korean Operations and Management Science Society Conference
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• 2004.05a
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• pp.568-571
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• 2004

본 논문의 목적은 벤처캐피탈(Venture Capitalist)의 투자전략을 게임이론을 통해 분석하고 이해하자는 것이다. 벤처캐피탈은 성장가능성은 높지만 불확실한 벤처기업에 투자하는 전문투자자이다. 벤처캐피탈은 이익을 극대화하기 위해서 성장가능성이 크고 위험관리가 가능한 기업에 투자를 하여야 한다. 하지만, 벤처캐피탈은 일반적으로 제한된 시간과 벤처기업의 속성 때문에 기업에 대한 정보가 부족한 상태에서 투자결정을 내려야 하는 경우가 대부분이다. 투자가 이루어진 후 벤처캐피탈은 벤처기업의 운영 및 기업활동을 감시(Monitor)하고 자문활동(Consulting Activity)을 수행하면서 차츰 기업에 대한 정보를 습득하게 되고 기업의 가치를 판단할 수 있게 된다. 본 논문은 앞에서 기술한 바와 같은 정보 불확실성 상태에서 창업자의 효용(utility)와 벤처캐피탈의 가치평가(value evaluation)를 바탕으로 벤처캐피탈의 투자전략을 게임이론을 통해 분석하였다. 본 논문은 벤처캐피탈이 전환사채형태의 투자를 하는 논거를 밝혀내었다.

• 한국벤처창업학회:학술대회논문집
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• 2016.04a
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• pp.133-136
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• 2016

본 논문은 스마트 사회에 요구되는 핵심역량으로서 디지털리터러시를 제안하고 선행연구에서 다루었던 학습지향성을 자원기반관점의 핵심역량으로 채택하여 기업성과와의 관계를 실증적으로 분석하였다. 이를 위해 중소기업창업지원법상의 기술기반 창업기업 200개 업체를 표본으로 하여 연구를 진행하였다. 주요 연구결과는 다음과 같다. 첫째, 학습지향성이 기업성과에 유의적인 정(+)의 영향을 미칠 것이라는 가설은 채택되었다. 둘째, 디지털리터러시가 기업성과에 유의적인 정(+)의 영향을 미칠 것이라는 가설은 채택되었다. 셋째, 디지털리터러시가 높을수록 기업성과에 대한 학습지향성의 영향력이 커질 것이라는 가설은 채택되었다. 본 논문의 이론적 실무적 시사점은 다음과 같다. 첫째, 스마트 사회의 등장으로 창업 및 기업성과에 대한 디지털리터러시의 영향이 중요해지고 있음에도 불구하고 디지털리터러시와 기업성과 간의 관계에 대한 실증 연구가 많이 부족하였다. 본 연구는 스마트 사회의 창업성공요인으로 디지털리터러시를 제안하여 학습지향성과 기업성과 간의 관계에 대한 디지털리터러시의 조절효과 및 디지털리터러시와 기업성과 간의 관계를 실증적으로 분석함으로써 디지털리터러시 관련 연구의 확산에 기여하고 있다. 둘째, 자원기반관점과 핵심역량이론에 따라 창업기업의 핵심역량으로서 학습지향성과 디지털리터러시를 채택하고 기업성과와의 관련성을 도출함으로써 두 가지 변수 모두 혁신형 창업을 활성화할 수 있는 스마트 사회의 핵심역량임을 확인하였다. 셋째, 연구방법론 측면에서 본 연구는 기업성과의 하위변수로 재무성과와 비재무성과 이외에 지적재산권의 출원이나 등록 등을 통해 측정되는 연구개발성과를 추가함으로써 기술기반 창업기업의 성장성 및 미래관점을 반영하고 있다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.255-263
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• 2016

This study conducted empirical tests on contemporary finance theories for corporate cash holdings, such as trade-off, pecking order, and agency theory. There is ongoing debate on the possibility of excess cash savings by domestic firms, including chaebols in the Korean capital markets. Thus, it may be worthy to identify any financial characteristics based on each aforementioned theory as an extension of previous studies on similar subjects. Two primary hypotheses were postulated and tested, and the following empirical results were obtained. First, principal component analysis (PCA) provides evidence that nine out of the twenty explanatory variables showed a significant influence on the level of corporate cash holdings, such as cash conversion cycle in trade-off theory and leverage in pecking order theory. Second, the chaebol firms that decreased cash holdings after global financial turmoil may be affected by financial factors that include investment opportunities and foreign ownership according to the PCA. The results may reinforce the outcomes derived from previous research on corporate cash holdings. Based on the robust results, large firms in advanced or emerging capital markets could approach the optimal level of the cash reserves.

• Journal of Technology Innovation
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• v.26 no.3
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• pp.98-128
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• 2018

This study aimed to investigate the performance on technology collaboration of small and medium enterprises in Korea from the views of resource-based theory. Considering that supplementing the technical resources is stressed in a motivation of technology collaboration from the corresponding theoretical perspective, a group of corporations to be analyzed was classified into three categories such as high, medium and low technologies depending on the technology level. Moreover, technology collaboration partners were also classified into large corporation, small and medium enterprises, university and institution based on that both tangible and intangible assets that belong to a corporation semi-permanently, and the revolutionary performance was analyzed by each relationship of collaboration between parties. The study results revealed that an influence on the performance of technology collaboration varies by technology level of the small and medium enterprises in Korea and their collaboration partners. In particular, the small and medium enterprises of high-tech industry in Korea were confirmed to accomplish relatively less benefits obtaining through technology collaboration compared to the corporations with low technical skills.

• Journal of Digital Convergence
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• v.19 no.7
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• pp.95-111
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• 2021

Despite the innovation of AI and Big Data, theoretical research bout the effect of AI and Big Data on market competition is still in early stages; therefore, this paper analyzes the effect of AI, Big Data, and data sharing on an entry firm by using game theory. In detail, the firms' business environments are divided into internal and external ones. Then, AI algorithms are divided into algorithms for (1) customer marketing, (2) cost reduction without automation, and (3) cost reduction with automation. Big Data is also divided into external and internal data. this study shows that the sharing of external data does not affect the incumbent firm's algorithms for consumer marketing while lessening the entry firm's entry barrier. Improving the incumbent firm's algorithms for cost reduction (with and without automation) and external data can be an entry barrier for the entry firm. These findings can be helpful (1) to analyze the effect of AI, Big Data, and data sharing on market structure, market competition, and firm behaviors and (2) to design policy for AI and Big Data.

• The Journal of the Korea Contents Association
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• v.16 no.3
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• pp.439-446
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• 2016

This research examines the effect of outside director system which has been legislated after financial crisis in Korea. Outside director system is based on agency theory which assumes that a manager is selfish and opportunistic in situation where ownership and management of a firm is separated. In this situation, outside director system has an important function to monitor and keep in check a manager. Thus, we examined that outside director system works as a monitoring mechanism in Korea. And we tested that above effect is weakened in family CEO firms where it is different from assumption of agency theory in Korea. According to empirical result with 282 sample firm, it is confirmed that outside director system reduces agency cost. In family CEO firms, however, this agency cost-reducing effect becomes weak. This result suggests that outside director system needs be cautiously managed without focusing on only monitoring function.

• Journal of Korea Game Society
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• v.11 no.2
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• pp.57-68
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• 2011

This study approaches how newly emerged game companies has implemented strategies for product diversification according to market growth cycle(beginninggrowing-mature) by empirical case study through evolutionary theory and resource based theory approach. At the beginning, online game companies had grown with different strategies(technology based, service based) by initial condition(genre, technological level, user attribute). After market growth, for product diversification, these companies carried out path-dependent alliance strategy(complementary, competitive) depending on resource base(technology capacity, service capacity based). As online game market getting mature, these companies has adapted flexibly in responding to market growth cycle by integrated strategy(naturally selected to mobilize every possible resource capability). By analyzing the alliance strategies pattern of online game companies in newly emerged game industry according to market growth cycle through combination of resource based theory and evolutionary theory, these results suggest that new industrial, theoretical, policy model is required.

• 정보화사회
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• s.102
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• pp.39-50
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• 1996

현재의 CALS는 민간부문(기업, 연구소, 대학 등) 주도로 관련 조직들의 관련 단위들을 정보통신네트웍으로 묶어서 마치 하나의 새로운 기업이 움직이는 것처럼 기업통합(Enterprise Integration)을 하여 가상기업을 구축하는 전략이 그 핵심을 이루고 있다. 그러나 가상기업은 현재 그 형체나 내용 및 그 효과가 검증된 확고한 이론으로 굳혀져 있는 것은 아니고, 지금단계에서는 연구와 실험을 하는 단계이다. 따라서 가상기업은 CALS가 지향하는 최종목표로 이해할 수 있다.

• Journal of Gifted/Talented Education
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• v.23 no.5
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• pp.793-815
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• 2013

Research on entrepreneurial gifted youth who have immense potential within the national economy in the near future is critical. The purpose of this article is to establish the proper goal and direction of longitudinal study on entrepreneurial gifted youth and to identify substantial research problems. In order to do a theoretical inspection around preceeding research related with the field, longitudinal study of entrepreneurial youth (including gifted education and entrepreneurship) was executed. As a result, the goal, 'the verification of whether entrepreneurs can be cultivated by educational interventions' was derived as an appropriate research direction. Also, 4 major research problems are presented: (1) Description of the features of entrepreneurial gifted youth and their developmental pattern, (2) Explanation of the effects of educational intervention on intensifying entrepreneurial giftedness, (3) Prediction which identifies the factors that influence the youths' success as eminent entrepreneurs, and (4) Control over promoting talented individuals and refining relevant policy and institutions. Implications and further research directions are also discussed.

• the Consultant
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• s.21
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• pp.122-127
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• 2004

본 일본연수 참가기는 한국과 일본 양국의 재단법인 한·일(일·한) 산업·기술 협력재단에서 연수관련 비용 모두를 지원하고(참가인원 40명) 한국측 중소기업진흥공단과 일본측 재단법인 국제기술협력위원회가 실무기관이 되어 2004년 7월 26일부터 10월 23일까지 총 13주동안 실시한 연수기간중(국내 중소기업진흥공단 연수원 합숙교육 5주, 일본 규슈 KAITA연수원 합숙교육 8주) 일본현지 연수 8주동안의 이론교육과(이론 16 과목, 기업현장연수17개사)현장체험을 통해 느낀바를 요약 정리한 민승찬지도사의 일본연수 참가기이다. 민승찬지도사는 이외에도 2001년도 중소기업청 해외시장개척요원으로 선발되어 영국·아일랜드 등에서 국내중소기업제품들의 유럽시장 개척을 위해 6개월간 활동하였고, 2003년에도 일본CASIWA 생산공장 등 5s 및 TPM 성공기업 현장연수에 참가하여 효율적 생산시스템 운영방식을 현지 연수를 통해 수료하는 등 경영지도사로서의 폭넓은 자질 향상을 위해 노력하고 있다. - 편집자 主-