• Journal of Korea Technology Innovation Society
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• v.15 no.3
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• pp.533-556
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• 2012

The paper analyzes the effects of Korean venture businesses' external collaborations on their innovation performances, according to their collaboration partners and collaboration activities. The results show that the collaborations between Korean venture businesses and research institutions, and those between venture businesses and other venture businesses have significant positive effects on venture businesses' innovation performances, in terms of the numbers of the intellectual property rights, while the collaborations between venture businesses and large companies have significant positive effects on medium-sized venture businesses only. In addition, collaborative research and development, and technology transfer from big companies to venture businesses have given significant positive effects on venture businesses' innovation performances, while collaborative employee training and collaborative marketing have given significant negative effects on venture businesses' innovation performances. Furthermore, collaborations between large companies and their subcontracting venture businesses have shown even more significant effects on venture businesses' performances. The results show that the effectiveness of external collaborations of Korean venture businesses depends on collaboration partners, types of collaboration activities, and the size of collaborating venture businesses, implying that government programs for encouraging venture businesses to collaborate with external institutions should be carefully chosen for their innovation performance improvement.

• Journal of Regulation Studies
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• v.27 no.1
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• pp.63-91
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• 2018

This paper attempts to explore the impact of technological regulation on technological innovation and performance of Small and Medium Enterprises(SMEs) by analysing a survey data of 286 Korean SMEs. The 3-step mediated regression analysis results reveal that the perceived regulatory burden is negatively associated with SMEs' R&D investment and innovation of product and process. Moreover, the level of regulatory burden may affect the objective and subjective performance of SMEs. The results suggest that regulatory policies for reducing regulatory burden need to be designed and implemented in order to enhance technological innovation and performance of SMEs.

• The Journal of the Convergence on Culture Technology
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• v.9 no.2
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• pp.399-405
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• 2023

This study analyzed the cause of Corona Blue and tried to find out ways to improve the mental health of our society. The external activities decreased and the household economy got worse after COVID-19, so Corona Blue increased. The media use and the negative media information problems increased Corona Blue. The online activities had no effects. In order to relieve Corona Blue, it was suggested to increase the external activities personally, to make the social and economic conditions of women and the economic weaker better, to improve the quality of media disaster information, and for the media consumer to use the media properly.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2017.11a
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• pp.779-797
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• 2017

완전자본시장에서는 기업의 투자활동이 자금조달 방법과 무관하지만, 현실경제에서는 정보비대칭성으로 인해 외부자금 조달이 제약되는 금융제약 현상이 발생할 수 있다. 금융제약 현상은 기업의 규모가 작거나, 업력이 짧을수록, 그리고 하이테크 산업의 기업일수록 심화된다는 것이 일반적인 시각이다. 우리나라 코스닥 시장은 상대적으로 금융제약에 노출되는 기업들이 주로 상장되는 시장으로, 본 연구는 코스닥 상장이 개별 기업의 금융제약을 완화하는데 효과가 있었는지에 대해서 분석하였다. 분석 결과 금융제약 완화효과가 확인되었으며, 이러한 효과가 통합 증권선물거래소(현(現) 한국거래소)가 출범 후 강화된 것으로 나타났다. 이는 투자자 보호 측면의 체질개선이 거래량 및 코스닥 지수 등에는 일부 부정적이었을 수 있으나, 시장 안정화를 통해 기업의 자금조달을 도왔다는 것을 시사한다.

• Management & Information Systems Review
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• v.33 no.4
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• pp.21-38
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• 2014

This study investigates whether and how a firm's cost of equity is influenced by the extent of a firms's name change. Even though corporate name change doesn't give any benefit to investors, it can be a signaling about firm's future valuation. And also, if that signaling has high credibility, it can be decrease information cost and the firm's cost of equity. on the contrary to this, if corporate name change is kind of break with the past and corporate image laundering, it is bad signaling to investors. So it can be increase information risk and the firm's cost of equity. Using yearly cross-sectional regressions of the cost of equity on our proxies for corporate name change, size, beta, market-to-book ratio and other innate risk factor over the 2005-2010, we find that the cost of capital is positively associated with corporate name change after controlling for all other factors. This result implies that corporate name change increase information risk of the business, and thus increase information asymmetries between managers and outside investors with respect to a firm's true future value. This increases information risk, and creates an adverse selection problem, on the part of outside investors. Rational investors therefore demand a premium for bearing this corporate name change-related information risk, which in turn leads us to observe a positive relation between the intensity of corporate name change and the cost of equity.

• Proceedings of the KAIS Fall Conference
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• 2010.11b
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• pp.801-806
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• 2010

본 연구는 공공부분에서 수행한 정보통신분야 인력양성사업을 평가하기 위하여 산업연관분석방법론에 최근 내생적 성장이론의 이론적 배경을 결합하여 정보통신산업관련 인적자본을 9개 산업으로 분류한 뒤에 정보통신분야에서 인적자본의 후방승수와 전방승수라는 두 가지 관점에서 분석하였다. 본 연구의 결과는 첫째, 예산의 투입에 따라 인적자본형성이 매년 증가함에 따라, 정보통신분야 인력양성사업은 경제적 외부성이 존재하고 있음을 뒷받침하고 있다. 둘째, 정부의 IT인력양성사업 중에서 전략적인 부분으로 후방연관효과가 큰 분야는 연구(R&D)분야로 나타나 인력양성(HRD)은 연구분야(R&D)와 연계해야 효과가 높은 것을 반증해 주고 있다. 또한 다른 산업에 유발효과가 높은 분야는 정보통신 서비스 부분(IT응용기술 교육)으로 나타났다. 셋째, 인력양성사업으로 인한 부정적인 효과인 가격상승효과도 존재하는데, 사업규모도 적고 일회성 사업 등에 대한 정책적 고려가 필요하다. 마지막으로, 인력양성사업이 유발하는 경제적 파급효과를 자체 부분의 직접효과와 다른 부분에 미친 간접효과를 합하여 계산할 경우, 전체적으로 정보통신분야 인력양성사업의 경제성은 매우 좋은 것으로 나타났다.

• The Korean Journal of Financial Management
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• v.16 no.1
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• pp.1-31
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• 1999

본 연구는 LISREL모형을 이용하여 우리나라 266개 상장기업을 대상으로 기업다각화와 기업가치간의 영향관계를 분석하고, 다각화 및 기업가치 결정요인을 분석하였다. 분석결과 첫째, 90년대 초반까지는 다각화가 초과가치를 발생시켰지만, 90년대 중반 이후에는 다각화에 의한 사업운영방식이 부의 초과가치를 발생시켜 기업가치에 부정적인 영향을 미칠 수 있음을 알 수 있었다. 둘째, 다각화는 기업의 시장가치에 정의 영향을 미치는 것으로 나타나, 시장에서는 다각화된 기업을 전문화된 기업보다 더 높게 평가하고 있음을 알 수 있었다. 셋째, 기업의 다각화수준에 영향을 미치는 요인으로는 외부대주주지분을, 레버리지비율, 기업설립연수, 기업규모, 계열기업 여부 등으로 파악되었다. 90년대 초반까지는 외부대주주지분율이 높고, 기업설립연수가 오래되고, 계열기업에 속해 있고, 규모가 작은 기업의 경우 다각화수준이 낮게 나타났지만, 90년대 중반 이후에는 이와 같은 특성을 가진 기업의 다각화수준이 높아지는 것으로 분석되었다. 레버리지비율은 기업의 다각화수준과 일관되게 정의 영향관계를 보여, 차입자금을 이용하여 다각화를 추진하는 우리나라 기업의 현실적 상황을 확인할 수 있었다. 넷째, 다각화의 초과가치에 영향을 미치는 요인으로는 외부대주주지분을, 레버리지비율, 기업규모, 계열기업 여부 등으로 파악되었다. 90년대 초반에는 외부대주주지분율이 높고, 기업규모가 작고, 계열기업에 속한 기업들이 다각화를 통해 정의 초과가치를 획득할 수 있었지만, 90년대 중반 이후에는 외부대주주지분율이 낮고, 기업규모가 크고, 계열기업에 속하지 않은 기업이 다각화에 의해 초과가치를 얻을 수 있음을 알 수 있었다. 레버리지는 그 비율이 높을수록 다각화의 초과가치가 크게 나타나는 것으로 분석되어, 다각화 기업이 더 많은 부채부담능력을 가질 수 있고, 부채의 세금절감효과에 의해 기업가치를 증가시킬 수 있음을 알 수 있었다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.2
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• pp.483-491
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• 2019

The aim of this study is to shed light on factors that influence securing of university research grants. For this purpose, this study emphasizes the role of management capability of industry-university cooperation foundation in securing research grants. We analyze whether the potential capabilities influence research grants using panel data from 194 universities during 2016 to 2018. The results obtained from the Driscoll & Kraay standard errors (DKSE) indicate that a number of variables including the portion of industry-university collaboration professors, academic performance of professors, and the number of paid researchers are positively associated with the amount of external research grant approved. However, the percentage of employees employed for less than two years is negatively related with securing external research grants. Once the dependent variable is measured by the total university research grants, the negative coefficient of employees with short-term career disappears. Instead, the percentage of employees who are in charge of research planning and management and the total number of employees involved in industry-university collaboration foundations are negatively related with the total university research grant amounts.

• Journal of the Korean Recycled Construction Resources Institute
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• v.3 no.2
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• pp.165-170
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• 2015

Pipe-rack structures supporting high temperature and pressure are of great importance to ensure the safety of the operation of the plants. If some damage occurred in the pipe-rack structure, the facilities not only bring damage to the commercial property, but also result in economic losses. Specially, since pipe-rack structures are exposed to various environmental conditions, it is essential to evaluate the thermal behavior of the structure caused by environmental conditions for the appropriate design and maintenance of the pipe-rack structure. Thus, based on a selected, typical pipe-rack structure, a thermal-stress coupled analysis was conducted to evaluate the temperature distributions and thermal stresses of the structure. For this, this study accounted for the operating condition of the pipe and the effect of environmental conditions, Yeosu in South Korea and Saudi Arabia in the Middle East. The results of the study showed the need for accounting for a variance in the environmental factors to evaluate the thermal behavior of the pipe-rack structure along with the working condition of pipe.

• Environmental and Resource Economics Review
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• v.14 no.4
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• pp.923-941
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• 2005

Odor problem of livestock operation is important issue in a local community. I quantified the property price impact of 199 livestock operations for 3,355 housing sales in the U.S (Colorado). Spatial hedonic model was adopted to deal with spatial autocorrelation in housing market. Small beef and dairy operations, which are the traditional agricultural sector, seem to create a positive rural lifestyle amenity effect. However, the impact of livestock operation on rural residential sales turns to negative if the operation is over a certain size and species. Large hog and sheep operation seems to bring fatal economic loss from the local community perspective if it close to residential area. Livestock odor is one of the negative externality, the results provide the potential social cost of the livestock sector in the region. Policy makers may incorporate this social cost in the regional planning to minimize the social and maximize the development effect. Therefore, local officials and private individuals should carefully consider the location and characteristics of new residential properties and livestock operations alike.