• Title/Summary/Keyword: Economic and non-economic

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Do Patents Lead to an Increase in Firm Value? Evidence from Korea

  • LEE, JANGWOOK
    • KDI Journal of Economic Policy
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    • v.42 no.3
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    • pp.33-52
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    • 2020
  • Patents are widely used in the literature as a measure of firm-level innovation. It is regarded that patents improve a firm's operational environment and ultimately increase the value of the firm. However, the relationship between patents and firm value in Korea is under-explored in the literature due to the difficulty of constructing datasets. This paper examines whether patents in Korea increase the market value of a firm. To do this, I exploit novel data on firm-level patents and financial information of all listed Korean companies during the period of 1993-2015 and estimate the non-linear production-function type of Tobin's q equations on R&D, patents, and citations. Surprisingly, I find that patents and citations are weakly associated with firm value, while R&D is strongly associated with an increase in firm value. These results direct imply that policymakers in Korea should enhance patenting incentives to encourage firms to innovate.

A Study on the Security Management System for Preventing Technology Leakage of Small and Medium Enterprises in Digital New Deal Environment

  • Kim, Sun-Jib
    • International Journal of Advanced Culture Technology
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    • v.9 no.4
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    • pp.355-362
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    • 2021
  • Through the Korean version of the New Deal 2.0, manufacturing-oriented SMEs are facing a new environmental change called smart factory construction. In addition, SMEs are facing new security threats along with a contactless environment due to COVID-19. However, it is practically impossible to apply the previously researched and developed security management system to protect the core technology of manufacturing-oriented SMEs due to the lack of economic capacity of SMEs. Therefore, through research on security management systems suitable for SMEs, it is necessary to strengthen their business competitiveness and ensure sustainability through proactive responses to security threats faced by SMEs. The security management system presented in this study is a security management system to prevent technology leakage applicable to SMEs by deriving and reflecting the minimum security requirements in consideration of technology protection point of view, smart factory, and remote access in a non-contact environment. It is also designed in a modular form. The proposed security management system is standardized and can be selectively used by SMEs.

Does Learning Matter for Wages in Korea? International Comparison of Wage Returns to Adult Education and Training

  • PARK, YOONSOO
    • KDI Journal of Economic Policy
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    • v.44 no.2
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    • pp.29-44
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    • 2022
  • This study compares the wage equation in Korea to those in other countries, focusing on the wage returns to adult education and training (AET) participation. It is found that the wage compensation structure in Korea is associated mainly with job characteristics such as tenure and workplace size rather than with worker characteristics such as AET participation and cognitive abilities. It is also found that Korea's AET participation is skewed toward non-job-related AET, relative to the situations in other countries. These findings imply that the link between a worker's productivity and wage should be strengthened in order to incentivize workers to invest in AET relevant to the labor market.

Economic Analysis of Livestock Manure Solid Fuel Manufacturing and Power Generation Facility (가축분뇨 고체연료 제조 및 발전시설의 경제성 분석)

  • Kim, Chang-Gyu;Yoon, Young-Man
    • Journal of the Korea Organic Resources Recycling Association
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    • v.30 no.2
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    • pp.29-42
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    • 2022
  • The government promotes the 2050 carbon-neutral policy. Therefore, the concern to convert livestock manure into energy is increasing for the reduction of greenhouse gases generated in the livestock industry sector. In this study, the economic feasibility of the livestock manure solid fuel power generation facility, which is a major consumer of livestock manure solid fuel, was assessed to expand the demand for livestock manure solid fuel. The production cost of livestock manure solid fuel showed the lowest production cost of 97.4 thousand won/ton when dried using solid fuel at a 200 ton/day scale bio-drying facility. The livestock manure solid fuel power generation facility showed economic feasibility at a REC weight of 1.5 in the case of the bio-drying facility, so it was necessary to set a REC weight of 1.5 or more to expand the demand for livestock manure solid fuel. The conversion of livestock manure into solid fuel has various environmental benefits, such as the reduction of greenhouse gases and the effect of reducing non-point pollutants in the water system. Therefore, in order to expand livestock manure solid fuel production facility, it was required to review the feasibility including various environmental benefits.

A Study on Standardization Method Establishment of Multi Water-Loop System using Multi Water Resources (다중수원을 활용한 멀티워터 루프시스템의 표준화방안 구축에 관한 연구)

  • Lee, Hyundong;Lee, Joonhyung;Kwak, Pilljae
    • KCID journal
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    • v.21 no.1
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    • pp.109-117
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    • 2014
  • Multi water-loop system is the efficient customer centered facilities of water supply by utilizing the multi water resources. Multi water-loop system is divided into various types. The system is classified potable and non-potable type. Mostly, the potable type utilizes surface water and ground water. However, the non-potable type utilize the multi water resources, such as rain water, sea water, reclaimed water, etc. Selective intake is possible when characteristics of region, physiographic condition and purpose of use are considered. For instance, downtown type, new-city type, agriculture type, island type are available. For development and application of these multi water-loop system, standardization is needed. For standardization, several methods are given; design principles, selection and composition method of multi water-loop system structure, BIM/GIS application method, safety inspection method. Consequently, a road map of design standardization method can be established. In this road map, there are three parts for the standardization of multi water-loop system. Three parts are the considerations, base material and ways of standardization. Design standardization become close when this road map followed by someone who plan the multi water-loop system. In this way, loop system's development is more efficient and economic. In hereafter research, each type's characteristic will be analysed and standardization methods can be established.

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The Influences of Shopping Orientation and Impulse Buying Orientation on Internet Shopping Addiction to Fashion Products (소비자의 쇼핑성향과 충동구매성향이 인터넷 패션제품 쇼핑중독에 미치는 영향)

  • Ji, Hye-Kyung
    • Journal of the Korea Fashion and Costume Design Association
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    • v.15 no.2
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    • pp.27-41
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    • 2013
  • The purpose of this study is to find out the influences of consumers' shopping orientation and impulse buying orientation on shopping addiction to fashion products in the internet shopping malls. This study surveyed 521 male and female consumers in their 20s~40s in August 2012 who have purchased fashion products through internet shopping malls. For statistical analysis, descriptive statistics, reliability analysis, $x^2$-test, factor analysis, ANOVA analysis, Duncan test, and regression analysis were carried out using SPSS for Windows 12.0. The results are as follows. First, it was identified that there were not significant differences in consumers' demographic characteristics according to the level of internet shopping addiction consumer groups. Second, high level shopping addiction consumers were higher in pleasure/convenience seeking, fashion seeking, and brand seeking shopping orientations and in refreshing, non-plan shopping, recommendation from acquaintances, product stimulus, purchaser stimulus, sales promotion stimulus impulse buying orientations than low level consumers. Third, internet shopping addiction was significantly influenced by the pleasure/convenience, fashion, economic efficiency, brand, sale seeking shopping orientations and refreshing, non-plan shopping, sales promotion stimulus impulse buying orientations. The results of this study will help internet fashion enterprises to handle the consumers with shopping addiction as well as the consumers with high shopping addiction to be able to manage their shopping addiction themselves.

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A Study of Family Violence -On the Basis of the wife Abuse- (가정폭력에 관한 연구 -아내 학대를 중심으로-)

  • 김정옥
    • Journal of Families and Better Life
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    • v.6 no.1
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    • pp.71-93
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    • 1988
  • The purpose of this study is to investigate the realities of the husband's violence, to develop a scale to identify women who are victims of wife abuse and to provide evidence of the scale's validity. The Instrument entitled the Wife Abuse Inventory (WAI) and conflict Tactics Scale(CTS), are administered to 511 women who lives in Taegu area. The main results are as follows; 1) The CTS analysis shows the 42.5% of the sampled house wives are suffered minor violence and 9/0% are suffered violence form husband. 2) The WAI is factor analyzed to examine factor components within the scale. An examination of the rotated solutions suggested that WAI is composed 10 factors. These factor is labeled men's conception of supremency and aggression propensity, communication, economic difficulties and frustration, social activities, jealousy, children rearing, intimacy, family relationships in laws , affection, difference of culture. 3) an analysis of variance show the group mean score of the violence group and the mean score of the non-violence group on the WAI to be significantly different(P<.001). A discriminant analysis produce a significant discriminant function (P<.001). Using WAI scores as the discriminating variable, 81,15% of the violence and non-violence subjects are classified into their appropriate groups. This finding indicates that the WAI is a reliable device for screening violence and nonviolence group.

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A Study on Time-Saving Services and Related Variables (도시주부의 시간절약서비스 지출과 관련요인 연구)

  • 제미경
    • Journal of the Korean Home Economics Association
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    • v.31 no.3
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    • pp.1-13
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    • 1993
  • This study examined the expenditure on time-saving services and related variables. The time-saving services are food away from home, delivery food, dry cleaning, clothing care, helper and total service. The specific objectives of this study were: (1) to investigate the differences in the expenditure on time saving services according to social economic and demographic variables. (2) to investigate the differences in the expenditure on time-saving services according to role-overload, home goal orientation and work goal orientation. (3) to investigate the independent influence of variables related to the expenditure on time-saving services. For this objectives survey was conducted using interview. The data used in this study included 160 women living in Seoul from employed professional housewives, employed non-professional housewives and non-employed housewives. Statistical analyses were conducted using frequencies, percentiles, mean, oneway ANOVA, DUNCAN-test and multiple regression. The major findings were: (1) Wife's education, wife's age, income, tenure, level of living and employment status were significantly related to the expenditure on time-saving services by using the one-way ANOVA. (2) Income, education, level of living, number of children, and employment status explained the variance of the expenditures on time-saving services about 20%-39% by using a multiple regression method.

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Seismic assessment and finite element modelling of glazed curtain walls

  • Caterino, Nicola;Zoppo, Marta Del;Maddaloni, Giuseppe;Bonati, Antonio;Cavanna, Giovanni;Occhiuzzi, Antonio
    • Structural Engineering and Mechanics
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    • v.61 no.1
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    • pp.77-90
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    • 2017
  • Glazed curtain walls are façade systems frequently chosen in modern architecture for mid and high-rise buildings. From recent earthquakes surveys it is observed the large occurrence of non-structural components failure, such as storefronts and curtain walls, which causes sensitive economic losses and represents an hazard for occupants and pedestrians safety. In the present study, the behavior of curtain wall stick systems under seismic actions has been investigated through experimental in-plane racking tests conducted at the laboratory of the Construction Technologies Institute (ITC) of the Italian National Research Council (CNR) on two full-scale aluminium/glass curtain wall test units. A finite element model has been calibrated according to experimental results in order to simulate the behavior of such components under seismic excitation. The numerical model investigates the influence of the interaction between glass panels and aluminium frame, the gasket friction and the stiffness degradation of aluminium-to-glass connections due to the high deformation level on the curtain walls behavior. This study aims to give a practical support to researchers and/or professionals who intend to numerically predict the lateral behavior of similar façade systems, so as to avoid or reduce the need of performing expensive experimental tests.

The Role of the Green Building Code in Achieving Sustainable Green Built Environment: the Philippines

  • Dela Cruz, John Christopher R.
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.750-753
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    • 2015
  • The continuing trend of built environment set forth by the rise of modernization and industrialization has led every country in achieving their respective economic development. Along side this trend is an issue that needs to be addressed - the environmental impacts of the built industry. Construction and maintenance of buildings are said to consume 40% of the world's energy, 65% of electricity, and 40% of raw materials, creating drastic pollutants harmful not only to the environment but also to human. Figures have been released and analyzed proving the contributions of built environment with environmental depreciation. Said figures earned concerns not just from different private and non-profit organizations but also the governments of every country, thus, steps towards sustainable development are being implemented. As a response, the "green" was added in the built environment. Later on, the now emerging concept of "National Green Building Code" found its role in the policy of various states in protecting the people in accord with the nature. This paper appreciates the initiatives of various countries and non-profit organizations in their drive to pursue sustainable green built environment in general, and specifically proposes an establishment of an "incentives grant framework" as an additional legislative policy to be included in the draft of the National Green Building Code of the Philippines.

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