• Journal of Digital Convergence
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• v.19 no.8
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• pp.141-149
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• 2021

This study investigated the effect of accounting information on dividend policy as a measure of corporate conservatism from the perspective of the internal accounting management system. The verification is based on a sample of 543 companies listed on securities (excluding KOSDAQ and financial industry) among the Bank of Korea (2019) 「2018 Corporate Management Analysis」 and company analysis of the Korea Productivity Center (financial data disclosed as listed companies as a December settlement company) was composed. Using SPSS 22, empirical analysis was conducted using exploratory factor analysis and regression analysis. The first is the verification related to corporate conservatism and the role of dividend policy, and it is verification of whether internal accounting management influences financial decision-making. Second, if internal accounting management exists, it is a verification of how conservatism and investment policies (in-house reserve, debt borrowing, capital increase, dividends, etc.) affect the corporate value according to accounting information. As a result, from the perspective of the internal accounting management system, it was found that among the variables of accounting information, profitability can have a positive effect on corporate conservatism and dividend policy as a corporate valuation method of reinvestment. In addition, it has been proven that corporate conservatism has an effect on profitability-to-value through capital accumulation and reinvestment such as surplus and internal reserves. In the future, we will study and discuss the complementarity of corporate conservatism and dividend policy in relation to governance structure and improvement of the internal accounting management system.

• Journal of the Korean Institute of Traditional Landscape Architecture
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• v.31 no.2
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• pp.82-91
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• 2013

This study was performed in order to analysis the landscape change and cause of scenic sites and surrounding environment is located in the Urban Residential Area since modern. The study was carried out using of field observations, literature review, cadaster map analysis from 1962 to 2010, and survey. It trace about Seongnagwon, Mapo Choi Sa-Young's old house, Seoul Seonjamdanji, Seoul Hanyang castle and those can be process of change per period. Also, it examine to original view of cultural assets and analysis about lots alteration with landscape alteration. Seongnagwon has original view which constructed the Songseokjeong and pond in 1954. Mapo Choi Sa-Young's old house has original view that move to Sungbook-dong and restore an old house. Seoul Seonjamdanji has it define original view that remained ruins by 1960's development. Seoul Hanyang castle has original view that stone fortress. Seongnagwon's landscape was changed by institutional factors. Mapo Choi Sa-Young house's landscape was changed by society economic factors. Seoul Seonjamdanji was changed by society economic and institutional factors. Seoul Hanyang castle was changed by technical and institutional factors. Generally cultural heritage of Sungbook-dong was changed by institutional and society economic factors. It is guessed that Seoul urban planning influenced Sungbook-dong development. The establishment of capitalistic economy system was backgrounds to it. Therefore, it expect to realized desirable landscape alteration that recognized potential value as culture resources.

• KDI Journal of Economic Policy
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• v.27 no.1
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• pp.157-183
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• 2005

Using a multi-sector dynamic stochastic general equilibrium model, we investigate the dynamic effects of a variety of shocks to a small open economy. In particular, we calibrate the model to match the main characteristics of business cycles in Korea and analyze the effects of external shocks: the terms of trade and world real interest rate shocks. Business cycles in Korea more closely follow those of the G7 countries rather than Asian countries. The simulation results suggest that an improvement in the terms of trade has positive impact on investment, output and consumption, while a decrease in the world interest rate has a significant and positive effect on investment. This paper concludes that external shocks significantly influence business cycle fluctuations in Korea.

• Environmental and Resource Economics Review
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• v.20 no.3
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• pp.419-457
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• 2011

This study aims at understanding the characteristics of global economic models, which are widely used for climate change policy analysis. A literature review study was conducted in order to derive general features of top-down models such as CGE and bottom-up/hybrid models such as GTEM. Furthermore, a structural analysis was carried out by applying parameter and structural components from other models to a particular model to observe the potential differences in outcomes. Literature review shows that bottom-up or hybrid models generally have higher level of reduction potentials than top-down models in the long run. This contradicts the conclusion presented by IPCC, and raises the need for more rigorous investigation through structural analysis. Structural analysis of EPPA model indicates that the structural component of the energy sector in a particular model is the most influential factor in predicting baseline emissions and reduction potentials. This includes the structure among energy, capital, and labor inputs, and the substitution elasticities within the energy bundle. Technology bundle can establish the conclusions from literature review, and change in Armington elasticities do not significantly affect the outcome in aggregate.

• Journal of the Economic Geographical Society of Korea
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• v.18 no.4
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• pp.395-414
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• 2015

Diverse alternative economies have been discussed to overcome the problems with the globalizing neoliberal capitalism. Social economy and cooperatives are those focusing on the community economies; most countries have local economy-society based on mutual aid and common properties. Various experiences and institutions across local areas have been evolved to keep using their local resources in sustainable way. While recent social economy discussions in Korea are mostly in relation to economic crisis and focus on the Western experiences and institutions, the local area experiences in Korea are similar to the rules universal across countries along with particulars developed from local circumstances. Jeju has maintained village common fishing ground and Isidore farm which has been developed as an innovative type of cooperatives. These cases help to find community economies in practices and studying local experiences would enhance the opportunity to succeed in finding and practicing real alternative community economies in other local areas.

• Proceedings of the Korea Concrete Institute Conference
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• 2008.04a
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• pp.685-688
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• 2008

This study has examined the effect of bottom ash(BA) on the properties of low heat-blended cement(LHC) and concrete. A number of binders were prepared by the replacement of LHC with BA in range of 5$^{\sim}$20wt%. The results showed that the final setting time of cement paste were delayed when the BA replaced part of the cement. However, The heat of hydration increased narrowly with adding BA in a early hydration period. The results also showed the inclusion of BA at replacement levels of 5$^{\sim}$10wt% resulted in an increase in compressive strength of the specimens compared with that of the control concrete and improved a resistance of concrete against the sulfate and chlorine ion.

• Proceedings of the CALSEC Conference
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• 1998.10a
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• pp.27-43
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• 1998

Recently, most corporations in Korea need to construct new management system for overcoming economic crisis. Firstly, this paper suggests “Value Creation system”. Secondly, this paper suggests CALS as strategic substitute to achieve market efficiency, capital efficiency, personal efficiency, and operation efficiency, which are four critical factors of “Value Creation system”. Korean corporations should build new business model founded on cooperation by completing CALS system and reconstruct competitive management system by using knowledge and know-how accumulated in that process. Because most corporations keep exclusive corporate culture and little experience of cooperative relationship among businesses, strategic approaches are essential for construction of CALS. These are vertical integration, organization of CALS construction teams, concurrent development of product/process, CEO's iron will, Precise vision and strategies, and education/training of participant.

• Proceedings of the KOR-KST Conference
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• 2007.11a
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• pp.219-228
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• 2007

기업의 물류활동은 화물의 기종점 정보와 더불어 출발지와 도착지간 수배송특성, 업종간 거래 관계, 가격흐름, 경로 등 다양한 공급사슬관점에서 설명되어야 한다. 본 연구는 화물의 흐름을 물적인 흐름의 공급사슬망인 유통경로 관점에서 실증분석을 목적으로 한다. 그동안 공공부문의 물류관련 연구들은 물류현황조사 자료로부터 지역간 기종점 통행량에 기초하여 물류시설을 포함한 국가의 사회간접자본 투자정책에 주로 활용된 경향이 있었다. 또한, 민간부문의 유통경로 관련 연구는 주로 상적인 유통경로에 한정되어 보다 종합적인 공급사슬관리 측면에서 기업의 물적 유통경로선택에 대한 이해가 부족하였다. 본 연구에서는 2001년 전국물류현황조사중 기업의 물류실태조사에서 수행된 600개의 표본자료에 기초하여 기업들의 유통경로 선택의 특성을 분석하였다. 사용된 자료들의 설문조사방식은 다양한 유통노드들이 제시되고, 기업들이 상위 매출액이 높은 품목들이 다양한 유통경로 상에서 어떻게 노드들을 이용하는지 조사되었고, 이를 공장순회형, 물류센터 중심형, 도매자 중심형, 소비자 중심형 등 4개로 유형화하였다. 본 연구는 이들 4개의 유통경로들의 선택에 미치는 영향을 사업체 현황, 수배송현황, 물류활동평가, 물류시설관리 현황 등의 다양한 특성변수를 고려하여 선택에 미치는 영향을 분석하였다.

• Journal of Labour Economics
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• v.36 no.1
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• pp.1-44
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• 2013

This paper surveys the existing literatures on labor demand of Korea. It has been found that labor and capital are substitutes in Korea and the result holds even if labor is decomposed into white collar and blue collar workers. The elasticity of substitution lies between 0 and 1. It is yet unclear if employment and work hours are substitutes. The reduction of legal work week did not increase employment although decreased work hours. The labor demand elasticity is below 0.5 in the short run. Since mid 1990s, the technological change has shown skill bias and therefore increased demand for skilled labor.

• Korea journal of population studies
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• v.14 no.1
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• pp.1-25
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• 1991

The Purpose of this study is to analyze the contribution of the total human capital formation to economic growth in Korea. In order to assess the contribution of the total human capital formation to economic growth, aggregate production functions are estimated using two ways of ordinary least squares and polynomial distributed lags based on 1955 - 1988 time series data in Korea. The total amount of investment in human capital is calculated by adding each amount of investment in formal education, vocational training, inter-provincial migration, and health in pecuniary terms. The findings of this study could be summarized as follows ; (1) If we enumerate the variables in good order according to the importance, we get the following ; namely, total number of labor force, inter-provincial migration, vocational training, health, physical capital, and formal education. (2) The contribution of the human capital to economic growth is much more larger than that of physical capital. In particular, it appears that inter-provincial migration and vocational training make a great contribution to economic growth. (3) It appears that investment in formal education has a continuous effect for fifteen years and maximum effect is observed approximately eight years later. In the case of vocational training, the effect of investment lasts for about 12-14 years and its effect on economic growth reaches maximum with the passage of seven to eight years after initial investment. (4) Investment in vocational training contributes more in the long run compared with investment in formal education. The effect of investment in formal education lasts longer than that of vocational training, while the effect of investment in vocational training is considerably larger in the short run compared with the investment in formal education.