• 유통과학연구
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• 제21권12호
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• pp.83-89
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• 2023

Purpose: Research on spin-off and treasury stock is necessary because the market has realized that this can be utilized for major shareholder private interest. Considering the unique characteristic of a spin-off and treasury stock in the Korean stock market, this study contributes to the literature by examining the effects on shareholder value in the Korean distribution industry. Research design, data, and methodology: The present study investigates literature, analyst reports, and news articles to examine the spin-off process and analyze how treasury stock magic happens. Results: Setting the exchange ratio favoring Spin-Co in the spin-off is the leading cause for reducing the minor shareholders' value. Moreover, treating treasury stock as an asset is also problematic, allowing the allocation of Spin-Co shares. This leads to an increase in the major shareholder controls of Spin-Co without any contribution from the major shareholders. Therefore, the exchange ratio should be calculated reasonably, and treasury stock from the stock repurchase should be treated as stock retirement. Conclusion: By analyzing the spin-off and how treasury stock magic occurs, this study provides recommendations to improve shareholder value. Moreover, it contributes to the maturation of the Korean capital market by promoting a discussion on the revision of spin-off and treasury stock.

• 한국컴퓨터정보학회논문지
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• 제22권5호
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• pp.97-103
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• 2017

In this paper, we propose a method to investigate the safety consciousness of a analyst incident response. This study conducted a statistical survey on 154 analysts who hired as expert in environment monitoring organizations in South Korea. The results of the analyses showed that respondents had good awareness on the equipment incident response and complied with laboratory safety regulations very well. Secondly, respondents were aware of the importance in the order of equipment incident response, an analytical laboratory incident response, and the cause of a chemical substance associated incident in an analytical laboratory in regarding the regulation compliance for creating a safe laboratory environment and the securement of laboratory safety. Therefore, (it was identified that) it would be necessary to create a safe environment and integrate a safety management system.

• Journal of the Korean Data and Information Science Society
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• 제25권6호
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• pp.1557-1567
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• 2014

In this paper, I propose a general hypothesis that after the enactment of the Sarbanes-Oxley Act (SOA) financial statements convey more accurate and reliable corporate information to investors who in turn reflect such improvements in stock prices and test four practical hypotheses that simultaneously feature the degree of information asymmetry, forecast bias, and investor reaction to biased earnings information. The empirical results unanimously suggest that the post-SOA investors take advantage of the improvement in informational efficiency and accuracy and actively adjust for analyst forecast bias in earnings forecasts. The SOA indeed appears to achieve its primary goal of investor protection.

• International Journal of Internet, Broadcasting and Communication
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• 제13권2호
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• pp.20-26
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• 2021

Considering the role of a financial analyst that directly affects investors as an information mediator, management's decision to disclose to maximize corporate value will have an important impact on investors as well. On the other hand, whether or not managers vary the level of disclosure depending on the corporate form will have great implications for policy authorities. However, there is no domestic research on the relationship between the corporate form and the quality of voluntary disclosure. Our study shows that the corporate form tends to deepen the negative relationship between the proprietary information cost and the quality of disclosure. Examining whether the relationship between proprietary information cost and management disclosure decision making is valid for domestic companies is expected to provide meaningful implications for investors and regulators. Depending on the corporate form, if an entity makes a discriminatory disclosure, the cost of capital will be affected. A more in-depth follow-up study on this should be done.

• International journal of advanced smart convergence
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• 제8권3호
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• pp.193-200
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• 2019

Accruals-Quality(AQ) is an important proxy for evaluating the quality of accounting information disclosures. High-quality accounting information will provide high predictability and precision in the disclosure of earnings and will increase the response to stock prices. And high Accruals-Quality, such as mitigating heterogeneity in accounting information interpretation, provides information usefulness in capital markets. The purpose of this study is to suggest how AQ, which represents the quality of accounting information disclosure, is transformed into digitized data in real-time in combination with IT information technology and provided to financial analyst's information environment in real-time. And AQ is a framework for predictive analysis through big data log analysis system. This real-time information from AQ will help financial analysts to increase their activity and reduce information asymmetry. In addition, AQ, which is provided in real time through IT information technology, can be used as an important basis for decision-making by users of capital market information, and is expected to contribute in providing companies with incentives to voluntarily improve the quality of accounting information disclosure.

• 한국항만경제학회지
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• 제28권3호
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• pp.45-72
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• 2012

본 연구의 목적은 최근 10년간 일본의 5대 종합상사의 경영활동과 경영성과에 대한 데이터를 이용하여, 에너지 자원사업에서 나타난 경영성과의 의의 그리고 에너지 자원사업에 있어서의 국제물류기능에 대한 고찰을 수행하는 것이다. 연구내용으로는 선행연구 분석, 종합상사의 경영성과 분석, 에너지 자원사업의 국제물류기능에 대한 분석으로 구성된다. 분석방법으로는 회계 및 재무 데이터에 대한 통계적 분석과 조직분석, 사례분석을 이용하였다. 본 연구에서 일본 종합상사가 2000년대 10년간 에너지 자원사업에서 성공적으로 높은 매출 성장과 순이익을 달성한 사실을 밝힌다. 종합상사의 에너지 자원사업부문의 성공은 자원보유국에 대한 적극적 개발권익 확보와 국내외 관련회사에 대한 장기적 투자, 관련회사간의 공급연쇄체계 구축이라는 기업노력에서 성공 이유를 찾을 수 있다. 특히, 본 연구는 에너지 자원사업의 수직적 통합에서 국제물류기능의 중요성을 재인식하고 국제물류의 사업투자에 힘을 쏟는 종합상사의 역할을 설명하고자 하였다. 종합상사는 에너지 자원사업의 하류영역에서 상류영역에 이르는 비즈니스를 유기적으로 조직화하여 왔고, 최근 중류영역에서도 종합상사의 조직화기능, 투자사업기능, 정보 분석 및 제공기능을 충분히 발휘하고 있다. 종합상사의 국제물류기능의 강화는 에너지 자원의 생산, 물류, 유통판매에 이르는 비용을 통제할 수 있어 상품의 가격과 품질의 경쟁력을 높이는 데 도움을 줄 것이다.

• 한국전자거래학회지
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• 제7권1호
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• pp.87-106
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• 2002

The behavioral and dynamic implications of an ERP implementation/installation are, to say the least, not well understood. Getting the switches set to enable the ERP software to go live is becoming straightforward. The really difficult part is understanding all of the dynamic interactions that accrue as a consequence. Dynamic causal and connectionist models are employed to facilitate an understanding of the dynamics and to enable control of the information-enhanced processes to take place. The connectionist model ran be analyzing (behind the scenes) the information accesses and transfers and coming If some conclusions about strong linkages that are getting established and what the behavioral implications of those new linkages and information accesses we. Ultimately, the connectionist model will come to an understanding of the dynamic, behavioral implications of the larger ERP implementation/installation per se. The underlying connectionist model will determine information transfers and workflow. Once a map of these two infrastructures is determined by the model, it becomes a relatively easy job for an analyst to suggest improvements in both. Connectionist models start with analog object structures and then use learning to produce mechanisms for managerial problem diagnoses. These mechanisms are neural models with multiple-layer structures that support continuous input/output. Based on earlier work performed and published by the author[10][11], a Connectionist ReasOning and LEarning System(CROLES) is developed that mimics the real-world reasoning infrastructure. Coupled with an explanation subsystem, this system can provide explanations as to why a particular reasoning structure behaved the way it did. Such a system operates in the backgmund, observing what is happening as every information access, every information response coming from each and every intelligent node (whether natural or artificial) operating within the ERP infrastructure is recorded and encoded. The CROLES is also able to transfer all workflows and map these onto the decision-making nodes of the organization.

• 경영정보학연구
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• 제20권3호
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• pp.17-31
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• 2018

최근 비즈니스의 경쟁 우위를 확보하기 위한 정보시스템 프로젝트의 성공 여부가 많은 이해관계자들에게 매우 중요해지고 있다. 정보시스템 프로젝트 성공에 관심을 갖는 주요 이해관계자는 일반적으로 시스템이 필요한 사용자, 이를 구축하는 개발자, 그리고 정보시스템 프로젝트 성공을 책임지는 관리자가 있다. 그런데, 최근 이러한 이해관계자들 간의 가교 역할을 수행하는 비즈니스 분석가의 필요성이 늘어나고 있다. 하지만 정보시스템 프로젝트 관리자와 개발자와 관련한 역량에 대한 연구는 많이 진행된 반면, 최근 늘어나고 있는 비즈니스 분석가의 역량에 대한 연구는 많이 진행되지 않고 있다. 본 연구는 정보시스템 프로젝트에 투입되는 비즈니스 분석가에게 필요한 역량은 무엇이고, 비즈니스 분석가에 대한 이해관계자들의 기대치와 만족도의 수준과 그 차이를 연구하고, IPA 기법을 활용하여, 비즈니스 분석가들이 집중적으로 개발해야 할 역량과 그렇지 않은 역량이 무엇인지를 조사하는 것이다. 본 연구 결과는 최근 정보시스템 프로젝트에 투입되는 비즈니스 분석가들에 대한 채용, 평가 및 교육에 필요한 역량 모델 또는 교육 프로그램 개발에 기초적인 정보를 제공하는데 큰 기여를 할 수 있을 것으로 확신한다.

• 유통과학연구
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• 제17권10호
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• pp.41-48
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• 2019

Purpose - This study investigates whether financial analysts consider the intangible investment implicit in selling, general, and administrative (SG&A) expenditures to forecast firms' future earnings. Research design, data, and methodology - Using 52,609 U.S. firm-year observations spanning 1984-2016, this study examines the association between the Intangible investment implicit in SG&A expenditures and properties of analysts' earnings forecasts. To estimate the Intangible investment of SG&A, I decompose SG&A excluding R&D and advertising expenditures into maintenance and investment components following Enache and Srivastava (2017). Results - The main results show that analysts' earnings forecast errors and dispersion in analysts' forecasts increase with the intangible investment derived from SG&A because the investment component of SG&A affects future earnings and the uncertainty of those earnings. However, these results are weakened in the wholesale and retail industries where firms have a higher level of investment component of SG&A. I attribute the weaker results to low R&D expenditures in those industries. Conclusion - This study indicates that financial analysts incorporate the intangible investment of SG&A into their earnings forecasts differently across firms and industries. Furthermore, this study supports the argument for the separate reporting of the investment nature of SG&A from other operating expenses such as maintenance nature of SG&A.

• 한국산학기술학회논문지
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• 제13권9호
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• pp.4207-4213
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• 2012

소프트웨어의 품질은 요구사항 품질과 강하게 관계되어 있다. 이에 따라서 기업들은 요구사항의 품질을 향상시켜 주기 위한 노력을 하고 있다. 그러나 명세서 형태의 요구사항은 검증하기 어려우며, 분석가의 비정형화된 업무 지식에 의존해야 한다. 또한 명세서 형태의 요구사항 품질을 향상시켜 주기 위한 정형화된 방법론이나 자동화된 기법이 미흡한 상황이다. 본 논문에서는 요구사항의 품질을 향상시켜 주기 위한 요구사항 검증 프로세스 및 자동화 검증 도구를 제안한다. 검증을 위해 요구사항에 대한 외적뷰 설계와 내적뷰 설계를 비교한다. 사례연구를 통해 제안된 요구사항 자동화 검증 기법의 타당성을 검증한다.