• Journal of Environmental Policy
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• v.5 no.3
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• pp.1-24
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• 2006

As the social responsibility of corporations becomes more important, recently, many corporations have made constant efforts to preserve natural environment. Environmental investments had been traditionally thought as cost factors and sources of negative effects on a firm's financial performances. In this study, we explore the relation of financial and environmental performances of Korean corporations. We use default probability as well as ROE as indicators of financial performances. We find that there is positive correlation between ROE and environmental performance, and negative correlation between default probability and environmental performance. This implies that Korean corporations should recognize environmental investment as means of improving corporate value.

• The Journal of the Convergence on Culture Technology
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• v.9 no.5
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• pp.9-17
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• 2023

Research on virtual assets has been mainly interested in policy preparation or legislation for the introduction of virtual assets, or virtual asset operation technology, but this study presents investment factors that most asset investors consider important when making investment decisions. By doing so, we came up with research results that are practically helpful to virtual asset investors. According to the research results, (1) virtual asset investors consider business models such as marketability and competitive advantage of virtual assets as the most important factors, and (2) are highly interested in factors that can be objectively judged when investing in virtual assets. The results of this study suggest that a virtual asset trading market environment that can provide objective investment information and discover various judgment factors that enable virtual asset investors to objectively judge virtual assets should be prepared, and that virtual asset businesses using core technologies will continue to grow. This suggests that a variety of policy support is needed to enable this.

• Journal of Digital Convergence
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• v.12 no.3
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• pp.177-187
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• 2014

We investigate the association between tax strategy and investment efficiency focusing on manager's investment decision. Specifically, we examine the effect of manager's tax avoidance on the firm's investment level. The result show that as the degree of tax avoidance becomes higher firm's over investment increases. This result implies that the available resources generated from firm's tax avoidance induces over investment. Prior researches have been interested in the effects of firm's tax strategy on firm value. However, there is little literatures regarding the effects of firm's tax strategy on management's real investment decisions which provides the important implications about the mechanisms between tax strategy and firm value. In this respect, our research provides a meaningful results which demonstrates the effects of firm's tax strategy on manager's real investment decisions. This will provide useful implications for the investors and government regarding manager's tax avoidance behavior.

• Electronics and Telecommunications Trends
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• v.25 no.1
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• pp.44-53
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• 2010

최근 국내는 물론 전세계적으로 차세대 가입자망 구축이 활발히 진행되면서 EU를 중심으로 차세대 가입자망의 규제정책에 대한 논의가 활발히 이루어지고 있다. 현재까지의 차세대 가입자망 관련 규제정책 논의는 차세대 가입자망 구축 활성화를 위한 투자 유인 제고 및 동등접근성 보장을 통한 경쟁활성화라는 두 가지 핵심 정책 목표에 초점이 맞추어져 있다. 이에 따라 EU의 차세대 가입자망에 대한 기본적인 규제정책 방향은 물론 유립내 각국들은 두 가지 핵심정책 목표 달성을 위한 차세대 가입자망 관련 구체적인 정책방향을 수립하고 다양한 정책대안을 제시하고 있다. 따라서 본 연구는 차세대 가입자망에 대한 기본적 개념, 국내외 차세대 가입자망 구축 현황과 EU 차원의 차세대 가입자망 규제정책 방향 및 EU 각국들의 정책 동향을 통해 국내 차세대 가입자망의 규제정책 수립시 고려해야 할 이슈들을 살펴보고자 한다.

• The Korean Journal of Financial Studies
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• v.14 no.1
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• pp.57-81
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• 2008

본 논문은 현재 존폐의 논란이 일고 있는 출자총액제한제도의 효과를 실증적으로 검토한다. 상호출자제한기업과 출자총액제한기업을 비교한 결과 차이가 없어 출자총액제한제도가 기업의 투자를 위축시켜 국내 대기업에게 불리한 경쟁 환경을 조성하고 있다는 재계의 주장은 지지되지 않는 것으로 나타났다. 한편 독립기업의 투자가 출자총액제한기업을 포함한 대기업집단 소속 기업의 투자보다 많은 것으로 미루어보아 투자 저해 문제는 출자총액제한제도만의 문제이기보다는 대기업집단을 규제하는 제도 전체의 문제로 인식해야 할 것으로 판단된다. 출자총액제한제도가 대규모기업집단의 순환출자구조를 개선시켜 소유-지배 괴리도를 낮추고 기업의 지배구조를 향상시킨다는 공정거래위원회의 주장도 지지되지 않았다. 따라서 출자총액제한제도의 유효성에 대한 재검토와 더불어 정책 목적을 달성하기 위한 새로운 제도의 도입을 고려해야 할 것으로 판단된다.

• Proceedings of the KIEE Conference
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• 2006.11a
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• pp.49-50
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• 2006

최근 국내 전력산업의 환경 변화는 시장참여자들의 설비투자 정책에 새로운 변화를 요구하고 있다. 시장 내 경쟁이 심화됨에 따라 경영자원의 효율성 측면에서 설비투자의 경제성에 관심이 점차 증대되고 있다. 본 논문에서는 이에 대한 해결책으로서 금융산업에서 널리 이용되고 있는 자산관리(Asset Management) 개념을 배전 설비투자 분야에 적용하기 위한 개념적 체계를 소개하고자 한다.

• Journal of Information Technology and Architecture
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• v.10 no.1
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• pp.137-145
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• 2013

Until recently, Korean government had supported Start-Up Investment Subsidies to the early stage of non-metropolitan manufacturing company for the purpose of promoting start-up and new job creation. As a result, for 4 years, there are total of 1.546 trillion won increase of sales and a total of 3,825 people have been hired including non-regular workers. In this paper, I suggest the performance of Start-Up Investment Subsidy and policy direction for improvement.

• Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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• 1999.11a
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• pp.60-65
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• 1999

We examine the causal relationship between telecommunication standardization investment and the sale of telecommunication industry by using Granger causality model. Statistically, we show that telecommunication standardization investment precedes the sale of telecommunication industry. As a result we suggest that the investment on telecommunication standardization should be proceed to promote the sale of telecommunication industry.

• The Journal of the Korea Contents Association
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• v.18 no.9
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• pp.584-593
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• 2018

The startup, which is a common noun to start a small business, has been recently one of main targets for policymakers due to its important role for job creation and considerable potential for sustainability of an economy. However, technological entrepreneurship decreased by 5.0% p from 2013 to 2016. The revitalization of entrepreneurial investment promoted by the government is mainly supported in fruitable venture companies at grow stage or 2~3 years before IPO through venture capital firms and angel funds. It is far from an investment at start-up. It is therefore necessary to motivate private investment to be active in the private start-up sector. In addition, the start-up investment requires institutional support and government support to meet the expectations of investors about the possibility of payback and profitability of private investment invested in the founding period. As a small entrepreneur at a comparably early stage in the lifecycle of business, investments for the startup are generally made by informal investors such as family, friends and fools, and their decision making processes are relatively non-programmed compared with ones for listed corporales such as venture capital and angel fund agency. This study focuses on analyzing decision making factors in investment, and verifying an impact of such factors, specifically the possibility of investment payback and investment profitability, in a decision-making process for the startup especially at the very early stage.

• Journal of Information Technology and Architecture
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• v.11 no.1
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• pp.1-10
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• 2014

From 2004 to 2013, the annual investment for the ICT sector in Korea amounted to about 3.2 trillion won. Depending on whether the government policy allowed for budget increases and/or decreases, this impacted the investment in the ICT sector. In particular, the fixed costs of operation and maintenance lead to a reduced chance for a new potential demands in IT programs. Even though a situation may exist that there are insufficient funds available, there is a need for building a sustainable long-term IT investment management system. The purpose of this study is to conduct basic research for the arrangement of preparation to meet IT needs required in the public sector. For this, this paper introduces the concept of IT Investment Management based on prudent forecasting. After both foreign and domestic relevant cases are reviewed, implications will be derived from the aforementioned cases. Through this process, the direction of IT Investment Management based on forecasting for the IT projects decision making will be suggested. These research results could be used for helping to develop better policies and a more efficient management of the public sector IT budget.