• Title/Summary/Keyword: 기회비용

Search Result 387, Processing Time 0.025 seconds

Further Evidence on the Existence of an Inter- and Intra-Industry Optimal Capital Structure for the KOSPI-listed Firms in the Korean Capital Market (국내 유가증권시장 상장기업들의 산업간 그리고 산업내의 최적자본구조의 존재에 대한 추가적인 실증 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.18 no.6
    • /
    • pp.110-118
    • /
    • 2017
  • This study investigated empirically one of the controversial subjects in modern finance, in that there is an optimal level of capital structure for KOSPI-listed firms in the Korean capital market. Given the major theories on the capital structure, such as Myers' pecking order, trade-off, and agency cost ones, this study applied an analysis of covariance models in parametric and non-parametric statistical methods. In particular, two covariates to control for the possible effects of trade-off and agency cost, were employed separately in each corresponding model, while the other proxy for pecking order rationale was adopted in previous research [1] to conduct inter- and intra-industry analyses. Based on the outcomes obtained from the study, it was demonstrated empirically that there are optimal capital structures for firms in the sample industries at the inter-industry level, whereas statistical differences indicating non-existence of an optimal point, were revealed within the industry. Accordingly, these findings suggest a new vision to potential investors that firms in the domestic market may have financial opportunities to increase their value by gradually adjusting the leverage ratios in terms of the intra-industry perspective.

The analysis of Complex Type and the Facility Status of Community Mixed-support Facility (공동체복합지원시설의 시설현황 및 복합유형 분석)

  • Kim, Sumi;Kim, Suk-Young
    • The Journal of the Korea Contents Association
    • /
    • v.13 no.6
    • /
    • pp.507-517
    • /
    • 2013
  • Welfare desire has been diversified according to the increase of economic level and rapid social change. The desire for comprehensive service on culture, medical, mental and information level has appeared. Accordingly, it is necessary to establish an integrated community mixed-support facility, a space of accepting administration, welfare, leisure, culture and informatization request in a small local community in the future. The community mixed-support facility is a meeting place of local resident for information change, various basic service and ultimately for activation of community in order to contribute to regeneration and activation of existing urban core. Thus, this study figured out general status of community mixed-support facility and physical mixed type and analyzed spatial characteristics. Current community mixed-support facility has insufficient program and space to participate in by local residents and to accommodate mixed function. The future planned community mixed-support facility must secure multiple opportunities for various types of life by returning time and cost to user through the introduction of creative mixed concept. While reflecting unique local characteristics, and considering diversity of users, it needs to make mixed facility to cope with social changes. This study is limited in that the study reached a conclusion by survey and analysis only. However, it is expected that the result can be used as basic research data for the planning of community mixed-support facility to cope with living conditions of local residents or realistic requirements.

Interpretation of Protein Feed Degradation Pattern in Ruminant Using an Omasal Digesta Sampling Technique (제 3위 소화액 채취기법을 이용한 반추위 단백질 사료 분해 패턴 측정법의 고찰)

  • 최창원;백경훈;강수원;이병석;오영균;김경훈
    • Journal of Animal Science and Technology
    • /
    • v.48 no.4
    • /
    • pp.541-554
    • /
    • 2006
  • Present review is to introduce an omasal sampling technique in rumen proteolysis and to consider some information on the omasal sampling technique with particular emphasis on methodological aspects. Use of the omasal sampling technique provides a new opportunity for accurate estimation of rumen metabolism with overcoming limitations of previous in vivo, in vitro and/or in situ methods. The potential advantages of the present technique compared with post-ruminal sampling techniques include following points; 1) only rumen cannulated animals are required, 2) less endogenous nitrogen (N) is contaminated in omasal digesta and 3) omasal digesta are devoid of exposure to acid peptide hydrolysis occurring in the abomasum. Estimates of soluble non-ammonia N (SNAN) in omasal digesta indicate that the assumptions underlying the in situ method that rapidly degradable N fraction can be degraded at an infinite rate and only insoluble dietary N escapes the rumen may be not valid. Quatitatively higher peptide concentration rather than free amino acid and soluble protein in escapable SNAN suggests that hydrolysis of peptide to amino acid may be the rate-limiting step in rumen proteolysis.

Introducing Contract-out in the Policing Service : Focusing on Policing segregated System (치안서비스의 민간위탁 도입에 관한 연구 : 치안분업모델을 중심으로)

  • Choe, Jung-Taek
    • Korean Security Journal
    • /
    • no.12
    • /
    • pp.309-333
    • /
    • 2006
  • These days, the majority of public service area presents increment of utilizing a contracting-out with the following reasons such as cost-efficiency, maintenance of population changes in flexible manner, and convenience of management. The social changes have influence on policing structure and regional security system as well as problems associated with accepting the contracting-out in the public policing sector. However, many issues such as limited contracting-out sector, difficulty of encouragement of participation to private sector, and limitation of making a contract with contracting-out would be brought up when initiate contracting-out to the public policing sector. Changing security system to lower budget, planning restructure of organization, developing alterable partial contracting-out, establishing private and public cooperate system and rationalizing contract system are the suggestions to solve and modify the raising problems. This study suggests a differentiate regulation of policing services compare to currently existing contracting-out method to consider a distinctive working environment. The suggestions are as follows: 1. develop a security segregate model, 2. build a cooperative system between private and public policing sector, 3. broaden opportunity of participation of private policing sector, 4. open-competition among qualified private tender to make a contract. The private contracting-out in the public security service sector should be manage in different manner compare to other private contracting-out in government-oriented public service sector. Since work performance of each private contracting-out agency is strongly bond to safety of every civilian in the nation, it is essential to increase its standard of qualification of each agency.

  • PDF

Analysis on the Patent Portfolio for Hidden Champion Companies: Focusing on the "Hidden Champion" companies introduced in Herman Simon's book (히든 챔피언 기업의 특허 포트폴리오 연구: 헤르만 지몬의 저서에 소개된 "히든 챔피언" 기업들을 중심으로)

  • Lee, Haeng-Byoung;Yang, Dong-Won
    • Journal of the Korea Convergence Society
    • /
    • v.11 no.7
    • /
    • pp.259-272
    • /
    • 2020
  • In fostering dynamic, innovative SMEs, hidden champion companies can be an appropriate model for SMEs to learn the success factors. On the other hand, the need for intellectual property management is becoming important as the value of a company is changing from a financial asset to an intellectual property. Therefore, in this study, the patent portfolio analysis of the hidden champion companies mentioned in Herman Simmon's book "Hidden Champion" was performed. As a result of the analysis, it was confirmed that patents are not possessed or patent activities are actively carried out and a differentiated intellectual property management strategy is implemented to improve patent quality depending on the characteristics of the technology possessed. The results of these studies can be used as basic data to prepare an intellectual property management strategy for companies that want to create opportunities to acquire monopoly rights and reduce patent maintenance and management costs. In addition, in this study, the patent IPC analysis verified that Herman Simmon's claim that "Hidden champions have the ability to focus on core competencies and focus on one technology" is valid.

Teachers' Perception about 'Science Field Trip to Korean Historical Sites' ('한국 역사 속 과학탐방'에 대한 교사의 인식)

  • Oh, Kyoung-Jin;Jo, Kwang-Hee;Park, Sang-Woo;Pak, Sung-Jae
    • Journal of The Korean Association For Science Education
    • /
    • v.19 no.3
    • /
    • pp.461-470
    • /
    • 1999
  • The purpose of this study was to investigate teachers' perception about 'Science Field Trip(SFT) to Korean historical sites'. Ninety-seven teachers were asked to reply the questionnaire about SFT to Korean historical sites. This questionnaire was divided into three parts: educational value, teaching method, and difficulty of management. Firstly, teachers indicated that SFT to Korean historical sites had much educational value in that it could give students chances to understand Korean culture, to acquire investigative process skills, to experience divergent investigation and cooperative learning, to raise integrated thinking skill concerning science and other subjects, and to learn contents related with science curriculum. It also had advantages of caring for students out of school and giving the information for future occupation. Secondly, teachers suggested the desirable teaching method: teachers' explanation about SFT to Korean historical sites with worksheets before it, students' group work during it, and the presentation and discussion after it. Finally, the most frequent answer in the difficulty of management was the lack of teaching materialsfor SFT to Korean historical sites.

  • PDF

Review on Motive Types of Rural Residents' Participation in Environmental NGO Action Program (환경 NGO 활동프로그램에 참여하는 농촌지역주민의 동기 유형에 관한 고찰)

  • Shin, Yoon-Chul;Bae, Sung-Eui;Yoon, Jun-Sang;Koh, Woon-Mee
    • Journal of Agricultural Extension & Community Development
    • /
    • v.12 no.1
    • /
    • pp.83-95
    • /
    • 2005
  • The objectives of this study were: a) to determine the motive types of residents' participation in environmental NGO action program, b) to identify factors related to their motive in the activities, and c) to provide strategic implications to satisfy their motive. For the purpose, the researchers reviewed related literatures on motivation studies and various theories related to residents' participation. Based on the findings of this study, the following suggestions could be offered for the environmental NGO program activities : 1) Environmental NGOs should offor motive-friendly programs which may help the residents' participation in the NGO activities. 2) Environmental NGOs should provide diverse activity programs to facilitate participation and to gratify their motive. 3) To satisfy the motive of participation, environmental action programs should be organized and conducted through a careful considerations of the motive type of the peoples' participation, the characteristics of residents, and so on.

  • PDF

A Study on the Survey System for Customer Satisfaction Feedback in the Service Industry (서비스산업의 고객 만족도 피드백을 위한 설문 시스템에 관한 연구)

  • Kang, Min-Shik;Song, Eun-Jee;Kong, Hyo-Soon
    • Journal of the Korea Institute of Information and Communication Engineering
    • /
    • v.19 no.10
    • /
    • pp.2389-2395
    • /
    • 2015
  • An accurate feedback about customer satisfaction is a very important factor to efficiently manage achievements in the service industry. However, Korea is lack of quantitative and standardized system of customer satisfaction measurement. This paper suggests standardized survey system with more in-depth and various methods of questionnaire survey as well as analysis which is able to efficiently evaluate customer satisfaction. This system is that investigates customer satisfaction of process based services, which uses various methods including simply designed questionnaires, customer satisfaction survey via mobile, and an investigation on follow-up satisfaction rate. In addition, we adopted scoring system to digitize a degree of satisfaction rate, so the suggested system provides an opportunity to improve specific objects those need to be improved by clearly evaluating a degree of satisfaction rate and applying various analysis techniques, such as IPA (Importance Performance Analysis), process analysis, and expectation analysis etc. This study substantiates suggested system through applying it to travel agency which is a representative enterprise of tour service.

Development of the Roadmap of Water and Green Growth (물과 녹색성장을 위한 로드맵 구축)

  • Lim, Kwang-Suop;Chae, Hyo-Sok;Lim, Jeong-Yeol;Shin, Yee-Sook
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2011.05a
    • /
    • pp.454-454
    • /
    • 2011
  • 녹색성장은 최근 세계적인 이슈가 되고 있다. 세계물위원회(World Water Council, WWC)의 경우 2012년 마르세유에서 개최되는 제6차 세계물포럼(World Water Forum, WWF)에서 물문제 해결을 위한 신개념 패러다임으로서 '녹색성장(Green Growth)'을 채택하기 위한 협력방안의 필요성을 제안하고 있다. 우리나라에서는 이미 녹색성장을 국가 슬로건으로 선정하고 글로벌 녹색성장연구소(Global Green Growth, GGGI)를 설립하는 등 녹색성장을 선도하고 있다. 이는 물의 중요성에 비추어볼 때 녹색성장을 물 분야에 확산시킬 수 있는 적절한 기회로 보인다. 녹색성장은 물 관련 환경서비스가 환경오염 없는 경제성장을 이룩하는 데 주요한 역할을 수행할 수 있다는 가능성과 당위성에서 파생된 최근에 만들어진 개념으로서, 물 분야의 경우 녹색경제에 있어서 중요한 역할을 수행해왔으며 이후 지속적인 인구증가, 물 소비패턴의 변화, 에너지비용 증가, 기후 변화 등으로 물 분야의 중요성은 더욱 커질 것으로 기대된다. 이처럼 물 관리는 경제발전, 재해로부터 보호, 인간의 건강 및 생태계와 삶의 질을 위하여 필수적이기에 녹색성장에 있어 중요한 역할을 수행하고 있다. 하지만 올바른 물 관리가 녹색성장에 기여할 수 있는 방법에 대해서는 아직 명확화 구체화되지 못하고 있는 실정이다. 이에 따라 녹색성장을 새로운 국가 성장 동력의 패러다임으로 구축하기 위해 수자원분야에서의 녹색성장방법론을 정립하고, 선진국과 개도국 정부들의 균형 있는 참여를 통한 글로벌 파트너십 구축이 요구되고 있으며, 이를 세계물위원회 등 국제기구와 공동으로 연계시킨다면 상당한 시너지 효과가 기대된다. 물관리는 국가의 경제발전, 재해로부터 생명과 재산의 보호, 인간의 건강 및 생태계 다양성 및 건전성 유지와 삶의 질을 향상을 위하여 매우 중요하며, 환경보존과 경제성장을 동시에 추구하는 녹색성장을 실현하는 데 있어서도 가장 핵심적인 사항이라고 할 수 있다. 그러나 올바른 물 관리가 녹색성장에 기여할 수 있는 방법에 대해서는 아직 명확하고 구체화 되지 못하고 있는 실정이다. 따라서 본 연구에서는 '물과 녹색성장'의 이론적 배경, 필요성, 개념정립, 벤치마킹 사례, 국제사회에서의 녹색성장과 관련한 논의 기구 및 흐름 등의 이해를 기초로 녹색성장을 통한 경제성장의 상호작용과 선순환구조를 체계화시키기 위한 균형방안을 제시하고자 한다. 또한 수자원 및 하천관리 분야에서의 WGG구현을 위한 정책제안 및 실행방안이 담긴 중장기 로드맵을 구축하여 물을 통한 성장의 발판을 마련하고자 한다.

  • PDF

Does Geography Matter in Technological Partner Selection? (지식확산과 집적경제를 고려한 기업의 기술협력파트너 위치선정 행태)

  • Jo, Yu-Ri
    • Journal of Technology Innovation
    • /
    • v.19 no.2
    • /
    • pp.153-184
    • /
    • 2011
  • This paper investigates what kind of technological partner firms want to cooperate with in terms of partner location. Two geographical factors are considered. One is geographical proximity, given the tradeoff between the effectiveness of knowledge spillovers in proximity and diverse knowledge absorption from geographically distant partners. The other is how many other firms are co-located with potential partners because it is known that clustering regions can create more technological outputs. Analysis on 2008 Korea Innovation Survey data finds that partner proximity is the single most important factor in choosing a cooperation partner. While firms that are located in a region crowded with related industries prefer proximate partners, others that are surrounded by unrelated industries are more likely to cooperate with distant partners. The findings suggest that geographical proximity matters in partner selection because it not only stimulates knowledge spillovers but also reduces costs involving R&D cooperation such as monitoring costs and information costs. Moreover, firms take into consideration both the benefits and risks of clustering regions. If there are so many unrelated firms that they create agglomeration diseconomies such as congestion costs and unintentional knowledge leakages, firms are more likely to try to find their cooperation partners in other regions.

  • PDF