• 제목/요약/키워드: Capital Investment Efficiency

검색결과 111건 처리시간 0.026초

시설원예 농업의 경제성과 전망 (An Economic Analysis of Greenhouse Horticulture in Kyungsangnam-do)

  • 이영만
    • 한국작물학회:학술대회논문집
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    • 한국작물학회 1998년도 21세기 한반도 농업전망과 대책(한국작물학회.한국육종학회 공동주관 심포지움 회보)
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    • pp.41-67
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    • 1998
  • This study aimed at examining the investment and economic analysis of greenhouse horticultural project area by governmental subsidy project. There were only 5 project areas that economic efficiency of investment is recognized in 30 project area in Kyungsangnam-do. And there are 7 project areas to gain farm firm revenue. These were possible area to develop to farm firm. There are 4 project areas to gain farm firm revenue in 18 project areas of glass greenhouse area, and 8 project areas to gain farm firm revenue in 12 project areas-vinyl greenhouse area. The rate of return of the fixed capital is higher in the vinyl greenhouse area than in the glass greenhouse area by type of greenhouse. There were cultivated tomatoes, cucumbers, peppers, etc. in the greenhouse area. The investment efficiency of the fixed capital is higher in cucumber and pepper than in other vegetables. Flowers a re lower than the vegetable in investment efficiency.

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자본시장통합법 시행에 따른 금융회사 효율성의 변화 (The Effect of Capital Market Consolidation Act on the Efficiency of the Korean Financial Industry)

  • 강수민;민재형
    • 경영과학
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    • 제29권3호
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    • pp.23-43
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    • 2012
  • Enacted for enhancing the competitiveness of the Korean capital market and financial industry, Capital Market Consolidation Act (CMCA) was intended to induce considerable changes such as adopting the concept of financial investment products, regulating financial investment functionally, extending financial investors' business areas and intensifying protection for investors. Employing DEA (Data Envelopment Analysis), this study measures and compares the efficiencies of domestic financial companies between the before and after the enactment of the Consolidation Act. We categorize the financial companies into 4 groups (banks, life insurance companies, property and casualty insurance companies and securities companies) depending on their business types, and evaluate how much and in which direction the Consolidation Act affects the efficiency of each group respectively. The study shows that there is no significant difference between the average efficiency of banks and that of property and casualty insurance companies due to the trade-off between opportunities and threats of the Act. To the contrary, it shows that the respective average efficiencies of life insurance companies and securities companies moved in the opposite directions to a considerable extent. Through empirical tests, we demonstrate the effect of the Act on the efficiency of Korean financial companies, and suggest the countermeasures for each financial group against the Act.

한국 벤처캐피탈의 현황과 활성화 방안;중소기업창업투자회사를 중심으로 (A Study on the Activation Scheme for the Korean Venture Capitals)

  • 남인현;김용식
    • 벤처창업연구
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    • 제1권2호
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    • pp.157-192
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    • 2006
  • 본 연구는 우리나라 벤처캐피탈 산업의 현황을 점검하고 활성화를 위한 방안을 제시하는데 그 목적이 있다. 벤처캐피탈 선진국인 미국의 사례를 도입해 실천하는 것도 우리나라의 시장상황을 우선 점검한 후 적용가능성을 철저하게 따져본 이후 결정해야 할 것이다. 다만 너무 다양한 문제를 구체적으로 다루다보면 복잡성해지며, 지나치게 거시적인 시각으로 보면 원론 수준에서 벗어나지 못할 가능성이 크다. 제시한 대안들은 사실상 새로운 내용이 아니며, 실무적으로도 필요성이 꾸준히 제기되어 온 문제들이다. 이제 실천의 문제를 생각해야 할 시점이다.

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i-fashion을 향한 제조업과 서비스업의 융합: 한국사례중심으로 (Tracking Convergence of Manufacturing and Service Sectors Toward i-fashion: A Case of Korea)

  • 김준모;임성욱
    • 품질경영학회지
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    • 제49권4호
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    • pp.641-654
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    • 2021
  • Purpose: One distinctive trend in the recent industrial and technological development has been the change in the structures of industries brought by information technology, boosting the productivity of different sectors. This relation has clearly opened a path for the fourth industrial revolution to reform numerous industrial sectors, including i-fashion sectors. Therefore, in this research, we would like to present the direction of the direction policy for the fusion of the manufacturing industry and the service industry of i-fashion. Methods: In this study, an empirical time series data analysis of machinery investment efficiency and capital investment efficiency of 43 industrial sectors in manufacturing and service was conducted to show their potential and ongoing convergence toward i-fashion. Results: Most impressive as a finding in this research was that those sectors previously underinvested due to a combination of technological and financial reasons found an exit for growth. In textile and apparel sectors, that could be the i-fashion. Conclusion: One strong implication of this study is that sectoral level convergence based on technology and industry is occurring, and i-fashion is one of the industrial convergence case to be observed.

통신사업자 투자지출액 변화에 따른 투자효과 실증분석 연구 : 해외 사례를 중심으로 (An Empirical Study on Investment Effects as Investment Expenditure Patterns of Telecommunication Companies : Focused on Foreign Telecommunication Firms)

  • 박혜수;지성현;박선영
    • Journal of Information Technology Applications and Management
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    • 제20권4호
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    • pp.67-81
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    • 2013
  • Domestic telecommunication companies have increased in marketing expenditures and capital investments in their plants and equipments. Their expectation for their investment sometimes results in the shrinking of their ARPUs(average revenues per user) as well as decreasing of net profits. Those financial efforts have not always been positive relation with their ARPUs. Since western and european telecommunication industry recently have similar situation with our market where their mobile and network users have been saturated so that no more increased users are estimated. Therefore, this paper aims for first to explore methods maximizing the investments efficiency for the telecommunication company so that we choose bechmarked telecommmunication companies to explore their investment managing situation with resepct to their marketing and capital expenditure. Secondly this paper tried to suggest several public policy guidelines for domestic telecommunication industry. Total seventeen foreign telecommunication companies were selected and data set through official IR as well as AR were chosen. Curvilinear logarithmic regression analysis were tested to obtain elasticities as well as marginal effects. As a result, overspending on the marketing investment showed more negative indicators to their revenues, on the other hand, more investment in the Capex such as network infrastructures and other service facilities were more likely related to positive revenues.

공공부문의 정보화 투자관리 체계 구축 방향 제안 (A Study on the IT Investment Management System in Korean Public Sector)

  • 오강탁;박승범
    • 한국IT서비스학회지
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    • 제12권3호
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    • pp.165-178
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    • 2013
  • The interest in economics and efficiency of IT investment is growing as the amount of overall governmental IT investment steadily increase. Accordingly, there is a strong need to determine whether the expenditure incurs effectively for IT investment and to accurately analyze the economics of IT investment, In this perspective, this study discusses the prior researches on concepts regarding the analysis of IT investment management framework as proposed from academic and professional perspectives in advanced countries' government sectors. Thereafter, an adoption of IT investment management (ITIM) framework has been considered so as to enhance the performance of ICT initiative projects in the public sector. In the suggested IT investment management framework, we suggest economics and efficiency of public IT investment should be improved by integrating ICT project selection and control as well as evaluation stage into single governance framework.

A Study on the Analysis of Attracting Factors for Global Foreign Direct Investment Inflows

  • Kim, Moo-Soo;Lee, Chan-Hee
    • 아태비즈니스연구
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    • 제13권1호
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    • pp.37-52
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    • 2022
  • Purpose - The objective of this study is to investigate what motivates global FDI inflows in the different economic development level and to clarify the FDI motivation type in the level of qualitative economic growth. Design/methodology/approach - Major macroscopic social·economic factors induced FDI inflows were analyzed using fixed-effect panel regression with 30-year panel data of 28 countries from 1985 to 2014. For analysis in the stage of economic growth, two category of developed and developing countries was used. And to analyze FDI motivation type in the level of qualitative economic growth, 4 shares of GDP; consumption·government·investment expenditure and export, was used as explanatory variable. Findings - In developed country, TFP(total factor productivity) and GDP have a great influence on FDI inflows, and consumption and labor compensation have a slight effect. This result indicates that the market seeking-driven, horizontal type investment is shown along with efficiency seeking investment. In developing country, human capital and TFP is shown to have greater impact on FDI inflows and labor compensation, exports, investment and government expenditures also have impacts. Thus it has confirmed that not only efficiency-seeking vertical investment for using low cost well educated laborer, but also government-driven economic growth and export policies could affect the FDI inflows. Research implications or Originality - The FDI investment decision making of multinational companies is decided by their own purpose. But, in the concept of as follows; 1) FDI is a long-term capital flowing for maximization of economic utility with limited global resource, 2) Thus FDI could be affected by macro socio·economic factors of host country. 3) Also such macro factors is different by each economic growth qualitative level. Therefore macro socio·economic factors of each country could be affected by the qualitative level of their own economic growth. To attract FDI inflows, it is desirable to implement differentiated incentive policies in the qualitative level of economic growth. Furthermore in developing countries it is recommended to implement government driven economic growth policies as follows; fostering well educated human resources, improving technology productivity in the relative lower cost labor market compared to developed countries and boosting international export volume.

재정분권화가 사회간접자본 투자에 미치는 영향 (The Effects of Fiscal Decentralization on Social Overhead Capital Investment)

  • 김용욱
    • 지역연구
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    • 제34권1호
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    • pp.19-30
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    • 2018
  • 사회간접자본은 한 사회가 발전하고 정상적으로 작동하는 데 필수적 요소이다. 이러한 중요성에도 불구하고 사회간접자본을 얼마나 투자해야 하는가에 대한 기준은 명확하지 않으며, 투자의 한 축을 담당하고 있는 지방정부의 사회간접자본 투자에 대한 논의는 거의 이루어지지 않았다. 지방정부의 권한이 충분히 보장되면, 지방정부는 주민이 원하는 지방공공재에 대한 투자를 늘린다. 그러한 주민 선호의 반영은 자원배분의 효율성을 가져온다는 것이 분권화 정리의 핵심 개념이다. 본 연구에서는 지방재정을 통해 지방정부의 권한과 자율성을 측정하고 지방정부의 사회간접자본 투자에서도 분권화 정리에 따른 의사결정이 이루어지는가를 살펴본다. 지방정부가 투자에 영향을 줄 수 있는 사회간접자본 시설(도로, 상하수도, 수리치수 시설) 투자에 대한 재원별 탄력성을 추정한 결과 특별 광역시와 그에 속한 기초지자체의 의사결정과 도와 도에 속한 기초지자체의 의사결정은 서로 달랐다. 이러한 차이는 1인당 지방세가 투자에 미치는 영향에서 가장 명확하게 나타났다. 이러한 결과는 지방정부가 주어진 상황에 따라 사회간접자본 투자를 달리하며 투자 결정에 있어 주민 선호를 반영한다는 것을 보여준다. 이것은 사회간접자본 투자에 대한 지방정부의 역할이 커질 때, 자원배분의 효율성이 증가할 수 있음을 보여준다. 그리고 지방정부의 역할 증대는 중앙정부의 재정지원 보다 지방정부의 세입 세출 자율성을 동시에 보장하는 방식이어야 한다는 것을 의미한다.

지방공사의료원의 투자효율과 경영성과 (Investment Efficiency and Management Performance of Korean Regional Public Hospitals)

  • 하오현;김윤진;조덕영
    • 보건의료산업학회지
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    • 제10권3호
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    • pp.1-12
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    • 2016
  • Objectives : This study examined relations between investment efficiency and management performance as indexes related to productivity of Korean regional public hospitals. Methods : The analysis data are financial information of Korean regional public hospitals from 2011 to 2014. For the indicators, value added to total assets, value added to productive activity tangible fixed assets, and value added to personnel expenses, operating margin to revenues, net profit to total earnings, and ratio of value added. Results : Significant relevance was not shown among indicators of investment efficiency. However, Significant relevance was shown between value added to personnel expense and productivity per value added. Conclusions : It confirmed that outside support funds like subsidy did not have effect on improving the management performance. Also, it could be known that availability about input of capital and labor was not realized organically.

DEA 교차분석 모형을 이용한 자동차 부품기업의 효율성 측정에 관한 연구 (A Study on the Measurement of the Efficiency of Auto Parts Firms Using DEA Cross Analysis Model)

  • 신정훈;황승준
    • 한국경영과학회지
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    • 제42권2호
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    • pp.49-61
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    • 2017
  • The study on the efficiency analysis of Korean automobile parts companies is mostly based on the calculation of the size of output such as sales. However, the performance indicators such as sales, operating profit, and net profit are directly related to the cost structure, and this cost structure is affected by changes in the company's asset structure and capital structure. As a result, it is necessary that efficient capital procurement should be done at the same time to create efficient management performance through proper investment. In this study, we aim to measure the efficiency of asset and capital procurement compared to the sales figures, such as sales, generated by 33 primary suppliers who supply parts to Hyundai Kia Motors. For this purpose, this study proposed a DEA cross analysis model that can simultaneously measure efficiency in terms of input assets and capital procurement based on the same management performance when analyzing the efficiency of domestic auto parts companies.