• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.31-64
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• 2009

This paper evaluates the role of fund distributors and the appropriateness of sales fees in funds by the empirical analysis of Korean equity funds. The empirical results are summarized as follows. First, this paper shows that the funds with higher sales fees do not have better performance. Rather, the higher sales fees cause the returns of funds to decrease in Korean equity funds. Second, it is not confirmed that both banks and securities firms, as fund distributors, contribute to the better performance of funds. Especially, the banks gave more negative influence on the performance of funds by imposing higher sales fees in funds than the securities firms. The empirical results suggest that the sales fees of funds are unduly imposed in comparison to the function of fund distributors and therefore, the structure of fund fees should be improved for the benefit of fund investors.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.2
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• pp.356-373
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• 2017

The purpose of this study is to empirically analyze whether performance-oriented remuneration systems in public thermal power generation companies substantially induces organizational commitment of employees, and contributes to organizational performance. According to the study, adequacy of salary and individual work evaluation have significant effects on organizational commitment, whereas external and internal evaluations for pay-for-performance remuneration systems do not have a significant effect. Annual salary for performance and pay-for-performance systems have a significant influence on organizational performance. In addition, because annual salary and individual work evaluation of the performance-oriented remuneration system have significant effects on both the indirect effect, through organizational commitment, as well as the direct effect on organizational performance, there exists a partially mediated effect on organizational commitment. Conversely, because external and internal evaluations do not significantly affect organizational commitment, there is no means of verifying the mediating effect. Studies suggest that a fair annual salary system for performance employed in conjunction with a pay-for-performance system will provide positive impacts on organizational performance and employee loyalty.

• Proceedings of the Korean Society for Quality Management Conference
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• 2010.04a
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• pp.91-96
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• 2010

우리나라의 승강기 기술은 유럽, 미국, 캐나다의 기술표준을 도입함으로써 선진화를 꾀해오고 있으나, 초기의 틀에서 크게 벗어나지 못하고 있을 뿐만 아니라 품질서비스가 아직도 취약한 실정이다. 그 동안 서비스 품질의 정확한 구성요인을 파악하기 위한 연구가 다양하게 이루어져 왔지만, 대부분 서비스품질의 구성요인들 중 기능적 품질에만 국한된 연구가 주류를 이루어 왔으며, 서비스품질 구성요소를 통합한 승강기 유지보수산업에 대한 실증적인 연구는 거의 이루어지지 않은 실정이다. 이에 본 연구에서는 승강기 유지보수산업의 서비스 품질속성에 대한 고유속성과 척도 도출을 통해 경영성과 요인으로서의 고객만족도와 재무 비재무적 성과에 어떠한 영향을 미치는지에 대하여 실증분석하였다. 본 연구의 결과는 우리나라 중소벤처승강기 유지보수 산업의 서비스 품질 제고를 전략의 수립에 기초적인 자료로 활용될 수 있을 것이다.

• Proceedings of the Korean Society for Quality Management Conference
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• 2010.04a
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• pp.200-205
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• 2010

우리나라의 승강기 기술은 유럽, 미국, 캐나다의 기술표준을 도입함으로써 선진화를 꾀해오고 있으나, 초기의 틀에서 크게 벗어나지 못하고 있을 뿐만 아니라 품질서비스가 아직도 취약한 실정이다. 그 동안 서비스 품질의 정확한 구성요인을 파악하기 위한 연구가 다양하게 이루어져 왔지만, 대부분 서비스품질의 구성요인들 중 기능적 품질에만 국한된 연구가 주류를 이루어 왔으며, 서비스품질 구성요소를 통합한 승강기 유지보수산업에 대한 실증적인 연구는 거의 이루어지지 않은 실정이다. 이에 본 연구에서는 승강기 유지보수산업의 서비스 품질속성에 대한 고유속성과 척도 도출을 통해 경영성과 요인으로서의 고객만족도와 재무 비재무적 성과에 어떠한 영향을 미치는지에 대하여 실증분석하였다. 본 연구의 결과는 우리나라 중소벤처승강기 유지보수 산업의 서비스 품질 제고를 전략의 수립에 기초적인 자료로 활용될 수 있을 것이다.

• Proceedings of the Korea Concrete Institute Conference
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• 2008.04a
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• pp.965-968
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• 2008

This study is interested in modeling the selection of optimal repair materials in view of the qualitative evaluation. In order to architecting the evaluation model of various repair alternatives, Analytical hierarchy process techniques was applied to this study. It is composed of aesthetics, easy-to-application, economical efficiency, and environment-friendly properties in upper level. Among the qualitative evaluation items, Environment-friendly properties and execution cost included in economical efficiency is highly weighted. It was concluded that the evaluation model by this study is very useful to choose the best alternative among various repair materials.

• Journal of Intelligence and Information Systems
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• v.3 no.1
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• pp.111-142
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• 1997

정보 시스템 대한 유지 보수 문제는 소프트웨어 유지 보수 분야에서 지속적으로 존재하는 문제 중의 하나이며, 특히 이러한 정보 시스템들이 아주 오래 전에 COBOL이나 계측형 데이터베이스와 같은 기술을 바탕으로 개발되었음에도 불구하고 대부분의 조직에서 중요한 역할을 담당하고 있는 것이 현실이다. 따라서 이들 정보 시스템에 대한 효율적이고, 신속한 유지 보수는 조직에 있어 매우 중요한 업무임에도 불구하고, 대부분의 조직에서 이를 제대로 수행하고 있지 못하다. 체계적이고 효과적인 정보 시스템에 대한 유지 보수업무 수행을 위해 본 연구에서는 과거 유지 보수 사례를 이용하여 사례 지식을 축적할 수 있는 유지보수 사례의표현 방법 및 유사성 평가 방법과 이를 바탕으로 새로운 유지보수 요구에 적합한 과거 사례와 유지보수 대상 코드를 제안해 주는 사례 기반 유지 보수 대상 인식 방법론을 제시하였다. 이들 제안된 방법들의 타당성과 성과는 한국전력의 실제 정보 시스템을 대상으로 검증되었으며, 현장 업무에 적용되고 있다.

• Management & Information Systems Review
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• v.37 no.2
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• pp.187-207
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• 2018

This study examines the negative relationship between accounting conservatism and excess executive compensation and examines whether their relationship increases as managerial incentive compensation intensity increases. For this purpose, a total of 2,755 company-years were selected for the analysis of the companies listed on the Korea Stock Exchange from December 2012 to 2016 as the final sample. The results of this study are as follows. First, there is a statistically significant negative relationship between accounting conservatism and manager overpayment. This implies that managers' incentives to distort future cash flow estimates by over booking assets or accounting profits in order to maximize their compensation when manager compensation is linked to firm performance. In this sense, accounting conservatism can reduce opportunistic behavior by restricting managerial accounting choices, which can be interpreted as a reduction in overpayment to managers. Second, we found that the relationship between accounting conservatism and excess executive compensation increases with the incentive compensation for accounting performance. The higher the managerial incentive compensation intensity of accounting performance is, the more likely it is that the manager has the incentive to make earnings adjustments. Therefore, the high level of incentive compensation for accounting performance means that the ex post settling up problem due to over-compensation can become serious. In this case, the higher the managerial incentive compensation intensity for accounting performance, the greater the role and utility of conservatism in manager compensation contracts. This study is based on the fact that it presents empirical evidence on the usefulness of accounting conservatism in managerial compensation contracts theoretically presented by Watts (2003) and the additional basis that conservatism can be used as a useful tool for investment decision.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.16 no.5
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• pp.143-158
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• 2021

The purpose of this study is to suggest a direction for enhancing the mutual trust level between employees and managers by examining the effect of job satisfaction of electric power companies's employees and performance-oriented remuneration paid to them on awareness level of organizational justice and a trust in manager. Based on a significant positive relationship between employee's job satisfaction and trust in a manager, a significant positive relationship between employee's job satisfaction and perception of organizational justice, and a positive relationship between organizational justice and trust in manager, it was possible to confirm the mediating role of organizational justice between job satisfaction and a trust in manager. In addition, although performance-oriented remuneration did not have a significant effect on trust in manager directly, it was found to have a significant negative effect on distributive justice and procedural justice, but for interactional justice did not appear to have a significant influence. Because the autonomy of the labor budget is quite limited due to the government's total regulation on the size of the labor budget for public enterprises and due to the government's evaluation of management of public enterprises, it can be explained as having a negative effect on the perception of organizational justice. In addition, since the partial mediating effect of distributive justice and interactional justice was confirmed in the relationship between job satisfaction and trust in manager, the mediating effect of procedural justice was insignificant, it was confirmed that the need to establish and operate an internal HR management system based on smooth communication that employees can satisfy and accept can have a significant impact on trust in manager. On the other hand, because the negative complete mediating effect of distributive justice and procedural justice between performance-oriented remuneration and trust in manager was significantly confirmed, It is showing that employees' negative perceptions of performance distribution procedures and distribution results had a negative effect on trust in manager. The results of this study suggest that employees will perceive the organization as fair, and trust the manager who is the decision maker, when they are fully rewarded for their performance, with job satisfaction, a fair evaluation of their efforts, even if there are various factors that can influence managers to be trusted by their employees.

• The KIPS Transactions:PartD
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• v.13D no.2 s.105
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• pp.241-250
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• 2006

Software maintenance is an important and very expensive activity in software life cycle. To estimate the maintainability cost of software, many software metrics have been proposed. This paper presents the result of an experimental study to explore the relationship between maintainability and some software metrics. LCOM, RFC, DAC, and LOC are employed as metrics and time really spent for maintenance activity has been collected. In the experimental study, we have found that for some systems, the existing metrics may not be an indicator to maintenance effort, which is not consistent with our general knowledge on the relationship between them. Specifically speaking, we recognized that there should be more empirical study on the relationship between metrics and maintainability of softwares which have been developed using recent technologies such as software architecture and design pattern.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.11
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• pp.3200-3206
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• 2009

This paper describes the problem of existing maintenance system for mail sorting machnies, and presents to-be considerations of maintenance system based on AHP (Analytic Hierarchy Process) analysis with efficiency and economic aspects. There are standard procedure for diagnosis and repair of mail sorting machine as preventive and operational maintenance, roles and missions of maintenance technical support center for upgrade of maintenance skill in this paper. The proposed maintenance system will be adapted for more safety and efficiency maintenance of mail sorting machine.