• Title/Summary/Keyword: 시장적대성

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적대적 M&A에 대한 방어(1)

  • Eom, Jae-Min
    • Venture DIGEST
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    • s.103
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    • pp.26-27
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    • 2007
  • 최근 이른바 '장하성 펀드'가 대한화섬 지분을 매집한 후 경영진에 지배구조개선을 요구하면서 주식시장에서 대한화섬의 주가는 상승세를 계속했다. 또한 지난 해 초순에는 세계적인 '기업사냥꾼' 칼 아이칸(Carl Icahn)이 KT&G 지분을 매집하면서 사회적 관심을 모으기도 했다. 무엇보다도, 국민들에게서 적대적 M&A에 대한 인식을 각인시킨 계기는 2003년 3월 소버린 펀드가 분식회계 파장을 계기로 주가가 급락한 (주)SK 주식을 매입하면서부터일 것이다. 당시 소버린 펀드는 불과 2개월만에 (주)SK 주식 14.99%를 매입하였고 우호지분을 규합하여 당시 최태원 회장의 교체를 시도하겠다고 선언하였다. 종국적으로 주주총회에서의 의결권 대결은 당시 (주)SK의 승리로 끝났지만, 그 기간 동안 (주)SK 주가는 고공행진을 계속하였고, 소버린 펀드는 2005년 7월 무려 8,000억 원의 주식 양도차익을 남기고 유유히 시장을 떠났다. 이번 호와 다음 호에서는 2회에 걸쳐 이와 같이 뜨거운 사회적 관심을 모으고 있는 적대적 M&A에 대해 살펴 보고, 이에 대한 방어 방법을 검토해 보고자 한다.

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The Impacts of Entrepreneurships on Learning Competence and Export Performance of INVs: the Moderating Effect of Environmental Factors (국제신벤처기업의 기업가정신, 학습역량, 수출성과의 관계에서 외부환경 요인의 조절 효과)

  • Cho, Yeon-Sung
    • International Area Studies Review
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    • v.16 no.3
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    • pp.3-25
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    • 2012
  • This study is to look at the relationship of entrepreneurship(innovativeness, risk-taking), the learning competence, environmental factors(the domestic market hostility, the speed of technological change) and export performance in international new ventures(INVs). In addition, the integrated model is constructed for the purpose of analysis of the moderating effects of environmental factors. Through the existing investigation, nine hypotheses are set up. PLS(Partial Least Square) analysis method is used to sample of 115 INVs. Analysis, the two elements of entrepreneurship influenced the positive(+) in the learning competence and export performance. And the relationship of learning competence and export performance is significant. In the moderating effects, only the domestic market hostility has a significant moderating effects between the learning competence and innovativeness. The results of this research shows that innovativeness influence the learning competence playing a positive role in the performance in the domestic market is higher. This point illustrates the practical implications of the importance of innovation in learning empowerment.

Performance Comparisons of GAN-Based Generative Models for New Product Development (신제품 개발을 위한 GAN 기반 생성모델 성능 비교)

  • Lee, Dong-Hun;Lee, Se-Hun;Kang, Jae-Mo
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.6
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    • pp.867-871
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    • 2022
  • Amid the recent rapid trend change, the change in design has a great impact on the sales of fashion companies, so it is inevitable to be careful in choosing new designs. With the recent development of the artificial intelligence field, various machine learning is being used a lot in the fashion market to increase consumers' preferences. To contribute to increasing reliability in the development of new products by quantifying abstract concepts such as preferences, we generate new images that do not exist through three adversarial generative neural networks (GANs) and numerically compare abstract concepts of preferences using pre-trained convolution neural networks (CNNs). Deep convolutional generative adversarial networks (DCGAN), Progressive growing adversarial networks (PGGAN), and Dual Discriminator generative adversarial networks (DANs), which were trained to produce comparative, high-level, and high-level images. The degree of similarity measured was considered as a preference, and the experimental results showed that D2GAN showed a relatively high similarity compared to DCGAN and PGGAN.

Radical Liberalism~Contemporary Korean Social Philosophy (급진자유주의~현대한국사회철학)

  • Yoon, Pyung-Joong
    • Journal of Korean Philosophical Society
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    • no.84
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    • pp.5-32
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    • 2009
  • It is becoming harder and harder to philosophically defend liberalism in general under the circumstances in which neoliberalism is presumed to be blamed for today's global economic crisis. I nonetheless believe that liberal democracy can be revitalized with the help not from outside but from inside, although this might make my paper 'untimely'. Philosophical reflection on market is indispensible to the project of radical liberalism. Philosophy of market first delves into the nature of market in Principle. Next, it stipulates upon the complex interrelationships between the market order and the democratic order. This inquiry will cast light on that both the standard pro-market theory and the anti-market theory in relation to democracy are one-sided. The project of radical liberalism can be further articulated with the introduction of the concept of 'the political'. In conclusion, radical liberalism is expounded as a plausible version of Contemporary Korean social philosophy with a universal connotation.

The Effect of Government R&D Supports on SME's Technological Innovation Performance in Korea (정부의 기술개발 지원이 중소기업의 기술혁신 성과에 미치는 영향)

  • Lee, Byung Heon;Lee, Soo Wook;Wi, Se Ahn
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.5
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    • pp.157-171
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    • 2014
  • This study has empirically analyzed the effect of government technology development supports on the performance of SME's (Small-and-Medium-Sized Enterprises). To analyze the effects of government technology development supports on the performance of SME's, this paper collected data from 271 Korean SMEs and tested hypothesis on the key questions. The result shows that government technology development supports had a meaningful positive effect on the performance of SMEs in terms of innovation. It was also understood that the closer the ties were with large enterprises, the higher the R&D personnel ratio was. Furthermore, when the SME was a certified venture, the government technology development supports had less influence on the SME's technological innovation. On the other hand, SME's technological innovation performance in relation to the government supports showed an improvement when the business environment of SME's was hostile. This study offers theoretical and practical implications, as it more accurately analyses the effect of government technology development supports on the performance of SME's, for which data were collected and analyzed for the same companies two separate times. Last of all, the limitation of this study is discussed in terms of the sample selection, data collection method, variables measurement method, etc.

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An Empirical Study on M&A (M&A에 관한 실증연구)

  • 김동환
    • Proceedings of the KAIS Fall Conference
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    • 2001.05a
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    • pp.62-65
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    • 2001
  • 1997년과 1998년 4월 1일자의 M&A제한규정이었던 증권거래법 제200조의 철폐와 적대적 M&A의 전면허용 그리고 외국자본의 투자제한의 간소화 등 규제완화조치와, 향후 외국인에 대해서 100%까지 주식을 매입할 수 있는 적대적 M&A가 허용될 것으로 보여 우리나라에서도 M&A활동이 보다 본격화 될 것으로 전망되고 있다. 우리나라에서는 1980년대부터 M&A에 대한 관심과 연구가 시작되면서 지금까지 기업합병ㆍ인수의 동기와 효과에 대해서 많은 연구가 이루어져 왔다. 지금까지의 연구내용은 대부분 기업의 M&A동기는 시너지효과를 얻기 위함이며, 또한 공시정보가 합병공시일 전후동안에 주가수익율에 반영되어 합병 당사기업의 주주의 부에 영향을 미치는지의 주가변화 유무에 국한된 것이었다. 또한 1985년부터 1991년 초 사이에 이루어졌던 연구는 당시 국내 M&A 환경이 매우 열악하고 극히 제한된 비정상적인 자본시장 상황 하에서 이루어진 사례에 의한 연구이었기 때문에 연구결과의 문제점과 한계성이 있었고, 실효성 측면에서도 다소 미흡하였다고 할 수 있다. 우리나라 M&A의 성장발전과정을 크게 2단계로 분류한다면, 제1단계는 1975년부터 시작하여 1990년까지로써 이 기간동안의 M&A환경은 그 여건조성과 성숙준비단계였으며, 제2단계인 1990년 초부터 비로소 선진국형 시장경제원리에 근거한 보다 경쟁적이고 자율적인 M&A 시장구조가 형성되면서 활성화 단계로 진입하였다고 볼 수 있을 것이다. 본 연구의 주된 목적은 1990년부터 1996년 사이에 이루어진 상장기업의 M&A 사례를 표본으로 하여 한국에서의 기업합병과 기업인수(주식취득)가 기업가치에 미치는 영향을 구명하는데 있다. 이를 위하여 먼저, M&A 당사기업의 합병성과 발생과 차이 유무를 주가수익율을 측정하여 실증분석하고 다음으로 M&A에 따른 시너지의 잠재적 원천이 어디에 있는지 재무성과분석을 통해서 이를 실증하는데 목적이 있다.PA-designated retailers ("sellers") must accept end-of-life items returned to them by the consumers. At the local level, Taipei City implements a pay-as-you-throw program, whereby citizens pay waste collection and treatment fees through the purchase of special trash bags approved by the Taipei City Government. However. recyclables that are separated by citizens are collected free-of-charge by the City. Taichung City and Kaohsiung City, on the other hand, enforce mandatory sorting schemes, whereby citizens face penalties if they don't separate recyclables from the trash before pick-up. These programs have resulted in a significant reduction in municipal waste. Per capita waste collected per day has dropped from 1.143 kg in 1997 to 0.978 kg in 2000. Targeting a 10% recycling rate for municipal waste in 2001. EPA plans to research and develop new recycling techniques, expand the scope of producer responsibilities, and strengthen existing mu

In Relation to Entrepreneurial Orientation, Dynamic Capability and Export Performance of International New Ventures, the Moderating Effect of External Trade Environment (국제신벤처기업의 기업가지향성, 동적역량, 수출성과 관계와 외부 통상환경의 조절효과)

  • Cho, Yeon-Sung
    • International Commerce and Information Review
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    • v.15 no.3
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    • pp.3-24
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    • 2013
  • This study has examined the relationship between entrepreneurial orientation(EO), dynamic capability(DC) and export performance of international new ventures(INVs). Also, the moderating effect of external environment factors(the hostility at domestic markets and the industrial dynamics) were analysed. Empirical analysis was performed on 101 INVs. It was conducted using the PLS(Partial Least Square). The result of empirical analysis showed that there is a positive relationship between EO, DC and export performance. The result of moderating effect showed that two external environment factors have positive moderating effect on the relationship between EO and DC. However, there was not moderating effect of external environment factors on the relationship between DC and export performance.

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A Study on Flaming Phenomena in Social Network: Content Analysis of Major Issues in Seoul Mayor Reelection in 2011 (소셜 네트워크 상에서의 플레밍(Flaming) 현상과 공론장의 가능성 - 2011년 서울시장 선거 이슈 분석 -)

  • Jho, Whasun;Kim, Jeongyeon
    • Informatization Policy
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    • v.20 no.2
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    • pp.73-90
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    • 2013
  • Rational debate and public conversation in the public sphere of social network are crucial conditions for realizing deliberative democracy. However, negative communication can occur online more frequently than in the real space, and mutually hostile messages are appearing. In the electoral process, citizens combining for particular candidates have made personal attacks against, abused and slandered the opposing candidates. Then, how and to what degree has the flaming behavior been appearing in the elections? Are there influencers to propagate the flaming behavior? And how flaming are these influencers, compared to internet users? This research focuses on the flaming behavior which occurred during the reelection for Seoul Mayor, in order to diagnose the role of social network as an online public sphere. This study analyzes the spreading degree of flaming messages depending on each issue, and the differences of messages between influencers and normal users. There was frequent flaming behaviors to distribute biased information which criticized, laughed at and maliciously attacked individual candidates. Moreover, influencers who advanced leading opinions, displayed a higher flaming degree than normal users.

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A Case Study on an Educational Model of Medical AI Using Chest X-ray Synthetized by GAN (GAN 으로 합성된 흉부 X-ray 를 활용한 의료 인공지능 교육 모델에 관한 사례 연구)

  • Lee, Gyubin;Yoon, Yebin;Ham, Sojin;Bae, Hyun-Jin;You, Wonsang
    • Proceedings of the Korea Information Processing Society Conference
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    • 2021.11a
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    • pp.887-890
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    • 2021
  • 최근 AI 를 활용한 의료 진단 솔루션 시장이 크게 성장함에 따라 의료 인공지능 기술에 대한 대학 교육에 대한 수요가 증가하고 있지만, 개인정보 유출의 위험성 등으로 인하여 의료 데이터를 대학 교육에 활용하기 어려운 실정이다. 본 논문에서는 실제 의료 데이터 대신 생성적 적대 신경망(GAN)으로 합성된 흉부 X-ray 영상을 활용한 의료 인공지능 교육 모델의 사례를 제시한다. 프로메디우스(주)에 의해 제공받은 흉부 X-ray 합성영상을 사용하여, VGG-16 모델을 훈련하고 성능을 검증 및 평가하며 미세조정을 통해 성능을 개선하는 교육 모델을 구성하였다. 또한 교육모델이 의료 인공지능에 대한 학생들의 이해력 향상에 기여한 효과를 정량적으로 평가하였다.

A Study on Character Storytelling for Children's TV Animation Based on Viewing Rate (시청률에 기반한 유아용 TV 애니메이션 캐릭터 스토리텔링 분석)

  • Kim, Seol-Ri;Kim, Nam-Hoon
    • Journal of Digital Contents Society
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    • v.18 no.1
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    • pp.79-85
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    • 2017
  • Since Korea started producing original animations targeting children, market of character for children has been led by TV animation with continuous broadcasting and OSMU. With a successful fondation in animation toy industry, its market is expanding to film industry, at the same time, brings positive effect for benefit of domestic animation. Therefore, this study researched viewing rate of children's TV animation and analyzed character storytelling to help foster and grow the direction of future animation characters. For the analysis, I selected 20 animations with high viewing rate and analyzed the storytelling of 95 characters based on their roles. The results of this study are as follows: in children's animation appeared various types of characters helping each other to make the viewer learn socializing. In addition, character's external setting varied depending on its role. Moreover, in the characters' internal setting, the most frequently appeared keyword was leadership, however, their personality keyword varied depending on the role.