• 한국의류학회지
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• 제28권9_10호
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• pp.1208-1218
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• 2004

The purposes of this study were to examine the alliance success factors (ASF) and the business environments (BE) from the textile companies' viewpoint, to examine the differences in ASF and BE by firm characteristics, and to examine the relationships between BE and ASF. BE included the degree of market competition and the firm's competitive advantage, and firm characteristics included type of business, the number of employees, and length of business operation. Data were obtained from 155 textile companies in Daegu and Gyeongbuk regions in Korea via a questionnaire survey. Four factors including relationship capital, organizational support, alliance management, and alliance performance were extracted from ASF, and resources, product development, and marketing were extracted from the firm's competitive advantage. There were differences in product development by the number of employees and in the degree of market competition by type of business. The degree of market competition had significant relationships with all of ASF while the firm's competitive advantage differed in the relationships.

• 동아시아경상학회지
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• 제7권4호
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• pp.1-13
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• 2019

Purpose - Based on transaction cost perspective and institution-based perspective, this research attempts to investigate the effect of outsourcing on a firm's performance and how it interacts with institutional context in which the firms operate. Research design, data, and methodology -With a sample of 164 manufacturing firms form South Korea, we examine the direct effects of outsourcing on the a firm's level of product innovation and internationalization and the moderating effects of competitive pressure and property right protection as important external factors that could affect the effectiveness of outsourcing decision. Result - The findings show that outsourcing not only enhance a firm's capability to concentrate on its core competencies, but also to increase a firm's combinative capacity to acquire external knowledge. Furthermore, we finds that in a highly competitive environment, potential knowledge spillovers to other competitors may attenuate the potential benefits of outsourcing. Conclusion - Outsourcing can enhance a firm's innovation activities by providing valuable access to external knowledge and also to complementary resources from the external partners, which in turn enables firms to focus on core competences.

• East Asian Economic Review
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• 제25권2호
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• pp.125-150
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• 2021

The paper investigates investor sentiment's role in boosting Japanese companies to enhance their environmental, social, and corporate governance (ESG) performance. Using ESG scores of 367 firms between 2005 and 2019 from the ASSET4 database, we find that negative sentiment in the previous year, both firm and market level, can be a stimulation for the company's commitments to its ESG activities next year. Notably, the moderating effect of the business sector and economic cycle on the sentiment-ESG inference are detected in our study differentiating between corporate and market sentiment, which have never been reported before. In detail, we discover that the impact of firm-specific sentiment is less pronounced for high-sensitive ESG firms. On the other hand, the driving force of market sentiment on corporate social behaviors weakens when economic recessions happen. Our results are robust after controlling for potential endogeneity issues and using alternative proxies for market sentiment.

• 기술혁신학회지
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• 제15권3호
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• pp.586-603
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• 2012

우리나라는 수도권 과밀화해소를 위해 기업들의 수도권 입지에 대해 규제하고 있으나 그 기준이 행정구역상 위치에 의존하고 있다. 따라서 본 연구는 입지규제 차이가 기업의 경영성과나 혁신성에 어떠한 영향을 미치는지 인접해있는 평택(수도권)과 천안(비수도권)의 KIS-Value 기업자료를 이용하여 다중회귀분석과 음이항회귀분석을 수행하였다. 분석결과 경영성과측면에서는 두 지역기업 간에 차이를 발견할 수 없었으나 혁신성에서는 천안에 위치한 기업이 더 나은 성과를 보이는 것으로 나타났다. 이러한 분석결과는 입지규제가 기업의 혁신성에 부정적 영향을 미칠 가능성이 높으며 기업입지규제가 보다 정밀한 방식으로 개선될 필요가 있는 것으로 판단할 수 있다.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.291-301
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• 2020

This paper aims to investigate the impact of chief executive officer's (CEO) attributes on firms' performance. Specifically, it examines the influence of CEOs' education, professional experience, and tenure on Saudi firms' performance. We look at a sample of 120 listed firms on Tadawul stock exchange from 2014 to 2017. Data on financial and accounting variables are obtained from the annual reports of the selected companies. We follow the existing empirical literature and use a panel model and formulate three different equations using the GMM estimator. Findings prove that CEO educational background does matter. In particular, companies employing CEOs with business administration, economics, finance, or accounting degree will perform outstandingly better. Similarly, stock performance gets improved when the CEO has a postgraduate qualification, i.e., when the CEO holds an MBA, a master, or a PhD degree. Besides, results reveal that executives who have an experience in a related field will positively affect the firm's performance. Finally, evidence shows that high CEOs tenure improves corporate performance. Overall, these findings demonstrate that executives' attributes are key factors that would explain differences in Saudi firms' performance. These results would help shareholders to make the right decision in selecting CEOs to manage the company.

• 통상정보연구
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• 제16권5호
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• pp.51-66
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• 2014

중소기업의 연구개발과 수출성과를 포함한 경영성과와의 관계는 중요한 연구주제이다. 본 연구는 정부의 중소기업 R&D출연 보조금 지원정책의 효과성에 관한 연구이다. 기존의 연구에서는 본 지원정책이 기술개발과 경영성과에 긍정적인 영향을 준다는 긍정론도 존재하지만, 반대로 기업의 자체적인 투자를 위축시켜 오히려 기업의 혁신활동을 감소시킨다는 부정적 견해도 존재한다. 본 연구에서는 과연 중소기업 R&D출연 보조금 지원정책이 효과적인가를 검증하고자 한다. 이를 위하여 분석범위를 정부의 중소기업 R&D출연 보조금 지원정책이 기업 R&D투자의 촉진에 미치는 영향 뿐 아니라, 더 나아가 기업성과에 미치는 영향을 포함하여 살펴보고자 한다. 세부적으로는 중소기업기술통계조사 자료를 활용하여 DID 모형과 확률효과모형을 이용하여 실증분석을 실시하였다. 연구결과, 정부의 지원을 받은 중소기업은 자기조달 R&D투자를 4.7% 감소시켰지만, R&D집약도는 27.3% 증가한 것으로 나타났으며, R&D집약도가 1% 높아질 때 6.47%의 매출이 증가한 것으로 나타나 R&D출연 보조금 지원정책이 중소기업에게 긍정적인 효과를 거두고 있는 것으로 추정되었다.

• 기술혁신학회지
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• 제16권1호
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• pp.279-302
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• 2013

본 연구는 정부의 기업에 대한 직접적인 R&D 지원이 기업의 새로운 분야에서의 탐색적 활동(March, 1991)을 통한 기술혁신에 어떠한 영향을 미치는지 실증 분석하였다. 기업에 대한 정부 R&D 지원은 기업의 자체적인 R&D 투자를 촉진하는 것과 함께 기업으로 하여금 기존 기술을 활용한 혁신을 넘어 새로운 분야에 대한 도전을 촉진하는 역할을 가지고 있다. 본 연구에서는 기업에 대한 정부 R&D 지원이 기업의 탐색적 활동을 통한 기술혁신 측면에서 어떠한 정책목표를 달성하고 있는지 살펴보았다. 이를 위해, 본 연구는 2007년부터 2009년까지의 국가연구개발사업 자료와 2005년부터 2009년까지의 한국특허자료를 바탕으로 기업에 대한 정부 R&D 지원 성과를 실증 분석하였다. 분석 결과 국가연구개발사업을 수행한 기업이 국가연구개발사업에 참여하지 않은 기업보다 탐색적 활동을 할 확률이 높은 것으로 나타났다. 그러나 대기업에 대한 국가연구개발비 투자 증가가 국가연구개발사업 수행에 따른 탐색적 활동에는 유의미한 영향을 주지 못했다. 이러한 결과는 기업의 자체적인 탐색활동에 의한 영향을 통제하여도 유사하게 나타났다. 결과적으로 국가연구개발사업이 기업의 탐색적 활동 여부에 긍정적인 영향을 미치는 것으로 나타났으나, 그 영향은 대기업, 중소기업, 벤처기업과 같은 기업 유형에 따라 다르게 나타났다.

• 산업경영시스템학회지
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• 제24권69호
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• pp.23-35
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• 2001

This paper attempts to identify the relationship between the business model and its financial performance through the construct of business paradigm, fit which may be defined as the congruence between the customer needs (the demand side) and the firm competence( supply side) to meet them, Each business model\`s business paradigm fit reflects how well the technology that business model has taken is interconnected with market. Basically, the business paradigm fit consists of two parts, product fit dealing with the product(s) to meet the customer needs well and process fit focusing on producing and/or providing that product(s) at the lowest costs. For empirical tasting the business paradigm fit matrix and the measures for them were developed and the data about 73 companies as sample were collects with questionnaires. The findings are: First business paradigm fit can be used as a strong empirical indicator for the firm performance, Second. balance fit in product or process gives to the most desirable outcomes and no fit brings about the worst ones. Third the over fit(the case of doing more excessive innovative efforts than to be needed) shows much better outcomes than the under fit(the case of doing less innovative efforts) Fourth, this paper shows where, in what situation, and what type of innovation has to be taken for firm success at firm level, whereas Schumpeter(1934) already indicated the importance of innovation for economic growth at the economy /industry level. However, further study should be done later with more refined measures and expanded sample data.

• 한국경영과학회지
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• 제30권4호
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• pp.15-25
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• 2005

As implied by the terms of IT productivity Paradox, measuring the Information technology contribution to economic performance has been one of the challenging issues to both policy makers and business professionals. As such, diverse attempts with sophisticate analyses have been reported in the literature to analyze the effect of IT contributions. In this paper, we follow Growth Accounting Method to measure the IT contribution effect to manufacturing firm's economic performance in Korea. Various regression methods and statistical analyses are applied with fourteen years of industry Panel data. Using the Cobb-Douglas function, time lag analysis is made to understand IT effect to economic growth. Instead of capturing data from individual firm, industry level data from the National Statistics Bureau is used for IT capital, non-IT capital, and so on. Statistical analysis following the panel unit test and Panel co-integration test was performed to reveal the exact effect of IT contribution to economic performance. Empirical testing results for non-stationary nature of IT investment effect are reported as well as IT contribution to manufacturing industry's economic performance.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.737-746
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• 2020

A new business venture faces intense competition in a dynamic environment. To survive, new business ventures and established companies both need to generate creativity and significant new ventures to be highly competitive and have high levels of performance. In this study, we examined new business ventures that determined their competitiveness and performance generated from entrepreneurial creativity and mediated by ambidextrous innovation. This research used survey data collected from 143 Indonesian's new business shipping agencies, which was collected using an online survey and analyzed through structural equation modeling. The results showed that entrepreneurial creativity in new business ventures is positively associated with competitive advantage but not significant to create a competitive advantage. In contrast, entrepreneurial creativity is positively associated with firm performance. This result indicates that efforts to generate entrepreneurial creativity are not sufficient to create a competitive advantage despite having a significant influence on firm performance. However, entrepreneurial creativity is significantly and positively associated with firm performance and competitive advantage when mediated by ambidextrous innovation. The findings of this study suggest that the competitive advantage of a new business venture in facing intense competition in a dynamic environment condition can be overcome by generating strategic action in the form of entrepreneurial creativity and ambidextrous innovation.