• 한국항해항만학회지
• /
• 제43권2호
• /
• pp.134-141
• /
• 2019

The objective of this study was to establish whether global macroeconomic indicators affect the profitability of Korean shipping companies by using panel regression analysis. OROA (operating return on assets) and ROA (ratio of net profit to assets) were selected as proxy variables for profitability. OROA and ROA were used as dependent variables. The world GDP growth rate, interest rate, exchange rate, stock index, bunker price, freight, demand and supply of the world shipping market were set as independent variables. The size of the firm was added to the control variable. For small-sized firms, OROA was not affect by macroeconomic indicators. However, ROA was affected by variables such as interest rates, bunker prices, and size of firms. For medium-sized firms, OROA was affected by demand, supply, GDP, freight, and asset variables. However, macroeconomic indicators did not affect ROA. For large-sized firms, freight, GDP, and stock index (SCI; Shanghai Composite Index) have an effect on OROA. ROA was analyzed to be influenced by bunker price and SCI.

• 복식
• /
• 제34권
• /
• pp.135-150
• /
• 1997

The purpose of this study was to inves-tigate the economic performance of the textile industry for the Korean traditional clothes. The content of this paper had two pars; The first part was for the macroeconomic aspects such as location production employments and the produc-tion facilities of the textile industries. The second part was for the microeconomic aspects such as business type branding method fabric type R&D efforts sourc-ing and the distributional channel The major results were as follows: 1.) Most textile firms for the korean traditional clothes were located in Gongju for man-made fibers and in Jinju for silk fabrics. 2) The size of the textile industry in terms of the number of business produc-tion amount the number of employee de-creased during 1994 and 1995 due to the decreasing demand. 3) Over the half of the textile firms produced raw fabric products while only 20% of them were involved in additional dyeing and /or printing finish which re-sulted in low value added production 4) The R&D effort of the textile indus-try for the Korean traditional clothes was very low due to the market uncertainty lack of technological knowledge and most of all small size of the firms 5) Most raw materials for the textile in -dustry were imported with high(25%) tariff rates resulting in price increase and thus low competitiveness in the market. 6) The textile producers sole about the 70% of their products to the wholesalers while selling the rest to the retailers di-rectly. This showed the dual structure of the distribution channel in the textile products. These results suggested some implica-tions for the firms the policy makers and the researchers. The firms should develop new and improved products to increase and create consumer demand by intensive R&D efforts. The government policy ma-kers should give financial supports the firms with R&D investment and legal help such as lowing tariff rate for the raw ma-terials. The researchers from the academy could help the textile industry with the advanced technological knowledge and up-date information for the consumer fashion demand.

• 대한안전경영과학회:학술대회논문집
• /
• 대한안전경영과학회 2009년도 추계학술대회
• /
• pp.601-616
• /
• 2009

Small & Medium construction firms have been faced with demand of environmental changes. construction firms have been required to improve their structures to reinforce the competitiveness. so, these firms are making desperate efforts, which are reorganization, renovation, improvement. this study would be emphasized the Quality Management in construction work. For this, It must be supposed a plan to improve a construction organization. The Construction Firm would be executed Quality Management learning, leadership, understanding of Quality Management to construction workers.

• 노동경제논집
• /
• 제28권1호
• /
• pp.29-60
• /
• 2005

본 연구에서는 기업이 임금과 고용(근로자 수) 중 주로 어느 변수를 전략 변수로 사용하여 수요충격(demand shock)에 대응하는가를 연구한다. 또한 그러한 기업들의 적응 과정이 정(+)의 수요충격과 부(-)의 수요충격 사이에서 대칭적(symmetric)인가를 분석하며, 나아가 산업별 기업규모별, 그리고 노조 유무별로 그 적응패턴이 상이한가를 분석한다. 분석 결과를 요약하면 다음과 같다. 첫째, 전체적으로 기업들은 수요충격에 대해 임금조정보다는 고용조정으로 대응해 나가고 있다. 둘째, 전반적으로 임금이 경직적(rigid)으로 나타나는 이유는 주로 부(-)의 수요충격시 임금이 하방으로 경직적 (downward rigidity)이기 때문이며, 정(+)의 수요충격 시에는 다소 상향조정되는 것으로 나타난다. 셋째, 임금조정과 비교하여 고용조정은 정(＋)과 부(-)의 수요충격에 대해 대체로 대칭적이다. 넷째, 고용조정은 매출액 변동률에 대해 선형으로 나타나는 반면 임금조정은 비선형으로 나타난다. 정(+)의 수요충격시 임금은 그 충격의 강도가 상대적으로 약할 때는 반응을 하지 않다가 강도가 높아짐에 따라 상향조정의 폭도 점차 증가한다. 반대로 부(-)의 충격시 임금조정은 매출액 성장률의 오목함수로 표시된다. 다섯째, 노조기업은 비노조기업과 비교하여 수요충격에 대한 적응 수단으로 (특히 부(-)의 수요충격시) 고용보다는 임금을 주로 사용하는 것으로 나타났다.

• Management Science and Financial Engineering
• /
• 제22권1호
• /
• pp.21-26
• /
• 2016

We analyze how firms' global production activities affect their inventory supply and financial performance in regards to its production location. For the analysis, we use information on global production quantities of 3,076 Korean multinational firms that operate business in Europe and Asia through foreign direct investment (FDI) from 2006 to 2013. Our estimation results show that an increase in global production ratio, measured by global production/total production, decreases inventory supply and financial performance of firms that produce in European countries, while it decreases financial performance of firms that produce in Asian countries. Although our results indicate that global production decreases financial performance of firms that produce in Europe and Asia, we find that its negative effects on financial performance are different based on the market demand uncertainty.

• 한국시뮬레이션학회:학술대회논문집
• /
• 한국시뮬레이션학회 2001년도 춘계 학술대회 논문집
• /
• pp.163-163
• /
• 2001

The primary research questions in this paper are why and how competing firms collaborate, not compete, in the virtual marketplace, e.g., B2B marketplace in the Internet environment. In order to answer the questions, we take on a system dynamics simulation approach: we consider two broad e-collaboration strategies: · Exclusive e-business strategy If the firm adopts this strategy, it allocates all of its resources (available for e-business development) to its own e-business capability building only. · Collaborative e-business strategy When the firm adopts a collaborative e-business strategy, it invests not only in its own, but also the industrys e-business capability building. From the system dynamics simulation results, we conclude that e-collaboration pays off in the long run: although it is hard to tell whether the collaborative strategy is better than the exclusive one during the initial period, it is unambiguous that the collaborative e-business strategy Performs much better in the long run. We infer that such collaboration could occur when the firms realize that they benefit from the expansion of the market demand due to their collaboration. That is, in order for such collaboration between competing firms to be sustainable, such collaboration should create more demand in the market so that each company could earn more profit even if it gets less in terms of market share.

• 자원ㆍ환경경제연구
• /
• 제29권4호
• /
• pp.499-520
• /
• 2020

우리나라 제조업 부문의 상대적 전력투입비율은 OECD 국가들에 비해 높은 편이며 이는 전력가격이 OECD 평균보다 상대적으로 낮은 데에 기인한다. 또한 전력부문은 한국에서 온실가스 배출의 상당한 비중을 점유하고 있는데, 2018년 기준으로 전력생산의 투입연료로 석탄과 천연가스가 41.9%와 26.8%를 차지하기 때문이다. 따라서 우리나라 제조 부문에서 전력가격을 인상할 필요가 있으나 중소기업이 대기업보다 상대적으로 더 많은 영향을 받을 것이라는 우려가 있다. 본 연구는 시간가변적 파라메터 모형인 Kalman Filter 추정법을 이용하여 철강산업에서 대기업과 중소기업 전력수요의 가격 탄력성과 산출 탄력성을 추정하였다. 분석 결과, 기업의 크기에 상관없이 산출량 변화가 가격변화보다 전력수요에 더 많은 영향을 미치는 것으로 나타났다. 또한 대기업에서 전력수요에 대한 가격탄력성뿐만 아니라 산출탄력성의 분산이 중소기업보다 더 큰 것으로 추정되었다. 정책적 함의는 철강산업과 같은 에너지다소비 업종에서 어떻게 전력수요를 감축할 것인지에 관련되어 있다.

• Journal of Information Technology Applications and Management
• /
• 제21권1호
• /
• pp.165-176
• /
• 2014

This paper was tried to show the improvement model for software industry structure in Korea regarding to have the global level of competence in Korean software firms. To suggest the improvement model for software industry structure, the detailed status about software industry which as in the supply and demand perspectives and comparativeness dimension were analysed. Also to this model the special survey results from the 35 professionalists in the software industry were included. This improvement model suggests the big software firms have to consider the economy of the scale, and to enter global IT market, the other SMEs have to pursuit themselves as a specified technology firms. So it is good for the oversea project collaboration with the solution provider firms and IT service firms. And it is desirable to make a the economy of scale regarding as the solution venture startup, M&A, networking the software firms as supply chain. Also the development of new business model for new market and firms with the high-tech business competency will be required.

• The Journal of Asian Finance, Economics and Business
• /
• 제7권8호
• /
• pp.25-31
• /
• 2020

The purpose of this paper is to examine a financial distress premium in the emerging market. A risk-return trade-off of negative book equity (NBE) and distress firms is empirically analyzed using data from the Stock Exchange of Thailand. This research employs Ohlson's (1980) bankruptcy model as a measurement of distress risk. The results indicate that distress firms outperform solvent firms in the Thai market and deny distress anomaly often found in the developed market. Fama-Frech (1993) three-factor model and Carhart (1997) four-factor model verify the existence of a distress premium in the Thai capital market. Risk-seeking investors demand greater compensation for bearing risks of distress firms' going concern. This paper provides fresh evidence that default risk is a significant explanatory factor in pricing stocks in the emerging market. Also, this study sheds light on the role of NBE firms in asset pricing. Most studies eliminate NBE firms from their sample. However, NBE firms yield superior average cross-sectional returns, albeit with higher volatility. Investors are rewarded with distress risks associated with NBE firms. The outperformance of NBE firms is statistically significant when compared to the overall market. The NBE premium disappears when factoring size, value, and momentum in time-series analysis.

• 한국지역지리학회지
• /
• 제2권1호
• /
• pp.1-24
• /
• 1996

이 논문은 진주지역을 사례로 생산자 서비스와 제조업의 지역적 연계를 연구하고자 하였다. 서비스경제화 과정에 있는 한국경제에서 생산자서비스 부문은 가장 빠르게 성장하는 서비스이다. 진주지역 제조업체들은 일반화된 생산자서비스는 가까운 진주지역에서 구입하고 있으나 고차계층의 서비스일수록 대도시 특히 서울로의 지향이 강하다. 제조업 업종별 생산자서비스의 연계패턴은 유사하며, 진주와 경남지역 출신 제조업체 경영자들이 타 시도 출신자보다 강한 지역연계를 보였다. 진주지역 생산자서비스 공급에서 중요한 역할을 하고 있는 공공적 생산자서비스는 현 단계에서는 지역의 수출기반산업의 역할보다 지역내의 제조업들에게 각종 생산기술관련정보과 서비스를 제공하는 수준이다. 진주지역의 대기업은 고차서비스를 지역외부로부터 조달하며 소규모 기업은 지역내 생산자서비스 이용상태가 저조하다. 지역에서 공급되는 생산자서비스가 지역내 제조업체들이 이용하기에 너무 높거나 아니면 기업활동에 크게 도움되지 못한다는 적실성의 문제로부터 지역경제 발전을 위한 적절한 생산자서비스 육성이라는 지역정책적인 함의를 도출할 수 있다.