• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.891-899
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• 2021

The United Nations' Millennium Development Goals (MDG) has become a goal to create a sustainable life. The MDGs' target was to be achieved in 2015, but it missed that date. The MDGs' target has turned into a Sustainable Development Goals (SDGs) to be achieved by 2030 The SDGs require financial support from companies. Funds are one of the resources to implement the SDGs. Government and private companies need to cooperate in achieving the SDGs target. The company has a responsibility to implement corporate social responsibility. The company's corporate social responsibility is part of the implementation of sustainable development in the SDGs. One of the essential industries that have responsibility for SDGs is the financial industry. This study aims to examine the determinant of corporate social responsibility funds in financial institutions in ASEAN countries. This study uses panel data to test the determinant variables on CSF provision. This study uses 45 sustainable development reports from 2015-2019. The total number of banks in the sample came from three countries, namely, Indonesia, Malaysia, and Thailand. This study concludes that firm size, profitability, efficiency, and the age of the CEO are variables that influence the size of corporate social responsibility funds.

• 벤처창업연구
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• 제8권1호
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• pp.13-17
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• 2013

리더십은 경영학을 비롯한 많은 학문분야에서 광범위하게 논의되고 있는 주제 중 하나로 여러 학자들에 의해 다양한 형태의 리더십 연구가 진행되어져 왔다. 특히, CEO를 대상으로 하는 리더십 연구에서 많은 선행연구들은 CEO의 리더십 그 자체보다는 기업의 성과에 밀접한 영향을 미칠 수 있는 CEO의 행동 특성에 보다 큰 관심을 두었기 때문에 CEO 리더십 그 자체의 이론적 특징을 명확하게 설명하는 데에는 한계가 존재한다. 이러한 선행연구의 한계를 극복하고자, 본 연구에서는 CEO의 리더십 특성이 어떻게 조직수준에서 구축될 수 있는지를 규명하고 있다. 보다 구체적으로 본 연구는 기업의 규모가 커질수록 CEO의 카리스마 리더십의 정도가 커지며, 다각화된 기업의 CEO에게는 변혁적 리더십이 필요하지만, 다각화수준이 높지 않은 기업의 CEO에게는 거래적 리더십이 필요하다는 것을 논리적으로 제시하고 있다. 이 논문은 CEO 리더십의 특성이 기업의 환경적 특성에 따라 달라져야 함을 이론적으로 제시함으로서, CEO 리더십에 대한 이해의 폭을 넓히고, 실제 기업의 CEO들에게 유용한 실무적 시사점을 제시할 수 있을 것으로 기대된다.

• 한국경영과학회지
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• 제37권2호
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• pp.89-111
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• 2012

Coalition loyalty programs, loyalty cash-back programs that enable their members to accrue and redeem points at a wide-range of affiliated outlets, are emerging. In a coalition loyalty program, unlike in a single-brand loyalty program, points accrued from one outlet can be redeemed in other outlets which even may be of other brands than the very one where the points were from. However, in spite of such systematic characteristic of coalition loyalty programs, there is only little research on the effect of the program. The present study is aimed at examining the difference between the effects of a coalition and a single-brand loyalty program in terms of acquisition and retention of customers and tries to provide strategic implications for a firm to run a loyalty program. We classify purchase conditions into two types-acquisition vs. retention. Then we compare the effects of a coalition and a single-brand loyalty program on the purchase intention, under both the acquisition and the retention conditions. The result shows that the effect of the coalition loyalty program is stronger than that of the single-brand loyalty program under the acquisition condition. On the other hands, the single-brand loyalty program is more effective than the coalition loyalty program under the retention condition, at least for the minor brand.

• 산경연구논집
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• 제9권6호
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• pp.49-55
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• 2018

Purpose - This paper examines the effect of related party transactions on crash firm-specific stock price crash risk. Ownership of a typical Korean conglomerate is concentrated in a single family. In those entities, management and board positions are often filled by family members. Therefore, a dominant shareholder can benefit from related party transactions. In Korea, firms have to report related party transactions in financial statement footnotes. However, those are not disclosed in detail. The more related party transactions are the greater information risk. Thus, companies with related party transactions are likely to experience stock price crashes. Research design, data, and methodology - 2,598 firm-year observations are used for the main analysis. Those samples are from TS2000 database from 2009 to 2013, and the database covers KOSPI-listed firms in Korea. The proxy for related party transactions (RTP) is calculated by dividing total transactions to the related-party by total sales. A dummy variable is used as a dependent variable (CRASH) in the regression model. Logistic regression is used to explain the relationship between related party transactions and crash risk. Then, the sample was separated into two groups; tunneling firms and propping firms. The relation between related party transactions and crash risk variances with features of the transaction were investigated. Results - Using a sample of KOSPI-listed firms in TS2000 database for the period of 2009-2013, I find that stock price crash risk increases as the trade volume of related-party transactions increases. Specifically, I find that the coefficient of RPT is significantly positive, supporting the prediction. In addition, this relationship is strong and robust in tunneling firms. Conclusions - The results report that firms with related party transactions are more likely to experience stock price crashes. The results mean that related party transactions increase the possibility of future stock price crashes by enlarging information asymmetry between controlling shareholders and minority shareholders. In case of tunneling, it could be seen that related party transactions are positively associated with stock crash risk. The result implies that the characteristic of the transaction influences crash risk. This study is related to a literature that investigates the effect of related party transactions on the stock market.

• 디자인학연구
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• 제9권
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• pp.1101-1114
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• 1994

As of today-half a century has passed after 1945, the liberation from Japanese imperialism-it's significant to introspect our culture. On the one hand our culture has succeeded due to the peculiar history, but on the other hand it hasn't. So to speak, it has gained in Quantity but lost in Quality. There are keen, international competition and exchange in the modern culture. So the Qualitive success of modern design depends on if it had an original character or not. According to Korean rapid industrialization, technological extence, and economic growth, the export has increased greatly, but package design hasn't been match for them. Korean expoters have been meeting with cutthroat competition in world market. Under these circumstances it's very important that we have a real understand and interest in our culture, we strengthen the competitive power of home products with good package design. This is our age of not home market but world market. We live in an age when design wins, so that we have to develop the good design native to Korea. Many designers have proposed their opinions with the characteristic designs, but it has been only a fragmentary and passive method. We must seek for the new method more positively. The effective and proper method resolves itself into the following four points. First, to understand Korean history and culture. Second, to have the exact grip of this economic situation. Third, to promote the national emotion. Fourth, in conclusion, to accord the package design with them. We cannot put off this task to overcome the cultural subordination, to place Korea on a firm cultural basis in the world, and to contribute to the cultural exchange of package design. First, to understand Korean history and culture. Second, to have the exact grip of this economic situation. Third, to promote the national emotion. Fourth, in conclusion, to accord the package design with them. We cannot put off this task to overcome the cultural subordination, to place Korea on a firm cultural basis in the world, and to contribute to the cultural exchange of package design.

• 예술인문사회 융합 멀티미디어 논문지
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• 제9권7호
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• pp.891-900
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• 2019

본 연구는 2006년~2014년 매년 행해진 「기업활동조사」 데이터를 활용해서 기업의 수출을 통한 학습 가설을 검증하고 지식재산권의 활용이 수출에 미치는 영향을 실증한다. 실증분석에 활용한 「기업 활동조사」는 6,144개 기업을 9년에 걸쳐 설문한 총 55,281개 샘플을 포함하고 있다. 데이터는 샘플의 특성으로 기업의 종업원수와 같은 규모에 관한 정보와 종사 산업분야, 수출액, 보유 혹은 활용 지식재산권 수, 외부 혁신활동에 대한 정보를 포함하고 있다. 우선 가설 1에 대한 실증을 통해 본 연구는 기업이 수출활동에 종사하는 여부가 지식재산권의 생산으로 대변되는 기업의 혁신에 연관된다는 결과를 도출했다. 수출을 통한 혁신을 확인할 수 있었다. 다음으로 가설 2에 대한 검증을 통해 본 연구는 연구개발과 지식재산권의 활용이 수출성과에 양의 영향을 미친다는 것을 확인했다. 수출기업은 해외시장에 진출해서 경쟁하기 위해 새로운 제품과 공정을 개발함으로써 더 높은 수출성과를 올린다. 또한 수출기업은 지식재산권 활용을 통해 해외시장에서 혁신성과를 전유한다.

• 경영과정보연구
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• 제37권3호
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• pp.147-171
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• 2018

본 연구는 기업과 정부출연(연)간 산연협력에 영향을 미치는 요인과 산연협력이 기업의 기술적 성과 및 경제적 성과에 미치는 영향을 분석하였다. 기존 산학간, 산연간, 산산간 및 산학연간 협력에 영향을 미치는 요인에 관한 연구를 고찰하고, 이를 기초로 산연협력에 영향을 미치는 요인을 선정하였다. 본 연구에서 산연협력에 영향을 미치는 요인으로 선정된 요인은 정부출연(연)의 역량, 기업의 연구개발역량과 조직적 특성 그리고 정부 및 지방자치단체의 지원이다. 한편, 기존 연구에 기초하여 산연협력 영향 요인, 산연협력, 기업의 기술적 성과 및 기업의 경제적 성과간 구조적 관계를 7개의 가설로 설정하였다. 본 연구는 산연협력 기업을 대상으로 설문조사를 통해 자료를 수집하였고, 총 116개의 설문지를 회수하여 가설검정에 사용하였다. 가설검정을 위한 방법으로는 PLS-MGA가 사용되었다. 실증분석 결과에서 정부출연(연)의 역량, 기업의 조직적 특성과 정부 및 지방자치단체의 지원이 산연협력에 정의 영향을 미치는 것으로 나타났고, 산연협력은 기업의 기술적 성과에 긍정적 영향을 미치는 것으로 나타났으며, 기업의 기술적 성과는 기업의 경제적 성과에 긍정적인 영향을 미치는 것으로 나타났다. 반면, 기업의 연구개발역량이 산연협력에 유의적인 영향을 미치지 못하는 것으로 나타났다. 또한 기업과 정부출연(연)간 산연협력이 기업의 경제적 성과에 직접적인 영향을 미치지 못하는 것으로 나타났다. 한편, 산연협력과 경제적 성과간의 관계에서 기술적 성과의 매개효과를 확인하였다. 이러한 연구결과는 기업과 정부출연(연)간 협력을 활성화하는데 시사점을 제공할 것이다.

• 경영과정보연구
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• 제31권4호
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• pp.33-56
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• 2012

최근 지속가능경영에 대한 관심이 증대되면서, 환경규제의 중요성이 부각되고 있다. 이러한 중요성에도 불구하고 기업경영과 환경규제의 연관성에 대한 연구가 부족한 상태이다. 이에 본 연구는 환경규제 준수능력과 기업경영의 관계를 기술적, 재무적, 구조적 측면에서 실증분석 하였다. 분석은 2003년부터 2007년까지의 국내상장기업과 외감법 기업의 경영성과를 분석대상으로 로짓분석을 실시하였다. 그 결과 첫째, R&D투자비중이 높을수록 환경규제준수능력이 있는 것으로 확인되었는데, 이는 R&D투자 확대를 통한 기술력의 향상이 환경규제준수능력을 증대 시킨 것으로 판단된다. 둘째, 기업의 재무적 측면인 유동비율, 부채비율, 현금흐름, 영업이익률은 환경규제준수능력과 유의한 관련성이 없었다. 이는 재무성과가 더 좋은 기업일지라도 반드시 환경에 투자를 하는 것이 아니라는 것을 시사하고 있다. 셋째, 구조적 측면인 자본집약도와 종업원비중, 기업규모(size), 수출비중이 환경규제 위반과 준수능력에 영향을 미치는지 검증하였다. 유형자산이 많은 자본집약적 기업일수록 환경규제를 위반한다는 것을 알 수 있었다. 반면에 기업규모가 클수록, 종업원비중이 높을수록 환경규제준수능력이 있는 것으로 나타났다. 기업규모가 크면 PR, IR등 대외관계가 중요하기 때문에 환경규제를 준수하고자 노력할 것으로 여겨진다. 반면에, 수출비중과의 관계에서는 유의한 결과를 얻지 못하였다. 마지막으로, 지배주주지분율이 높을수록 환경규제위반에 영향을 줄 것이라는 가설은 신뢰할 수 있는 결과를 얻지 못하고 기각되었다.

• 경영과정보연구
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• 제23권
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• pp.75-97
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• 2007

In the meantime hospital system of Korea has institutionally performed its errand in stable circumstance, however the system now faces with new environment of change of customer's satisfaction, of regime, deepening of competition, and opening market. Under the rapidly and complicatedly changing circumstance, the hospital system is required to promote getting a dominant position in the competition, enhancing outcome, creating value added, and customer satisfaction in both internally and externally likewise other organizations, as they continuously introduce a knowledge management and originate, accumulate, and put the knowledge to practical use. This organization capacity of knowledge management involves a process of management that requires great change of all organizations and individuals and it is brought up through four steps which are Initiation, Propagation, Integration, and Networking. The main factors of successful knowledge management are intension of the chief executive officer(CEO), organizational culture, appraisal and compensation of work, knowledge controlling system, and organizational structure, and each of these five stage has got different characteristic. To be successful by introducing knowledge management, hospital organization should be based on these premises. Not only CEO or the director of a hospital, but also the constituent members should be fully aware of knowledge, the characteristic of knowledge management, and successful factors of this operation. Should understand step-by-step characteristic of knowledge management, therefore able to analyse a situation of specific hospital and see which step corresponds to that hospital. By analysing, constituents should make up for the weak points and ready to move on to next step. CEO or the director of a hospital should be aware of knowledge management as a strategic factor which is able to get a dominant position in the rapidly changing environment, and also it should be firm in the director's intention to introduce the knowledge management into the hospital. By continuously carrying out education and training constituent members, the director of a hospital should promote their interest and participation in knowledge management, and build an organization culture that ultimately creates, accumulates, shares, and put the knowledge to practical use. The hospital organization needs to systematize an institution of objective compensation that corresponds to objective appraisal of knowledge management outcome. The hospital ought to build knowledge controlling system in stages, in order to take the initiative in rapidly changing environment. By considering the characteristic of hospital system, it is required to change the organizational structure into self-managing team which is a sort of horizontal structure that allows members to make decisions and take the responsibility by themselves. The limitation of this study is experimental study. Positive investigation about successful factors of hospital knowledge management and characteristic of each steps is expected with following study.

• Journal of Korea Trade
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• 제24권6호
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• pp.1-18
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• 2020

Purpose - This study investigates whether a listing effect exists in cross-border M&As and whether the effect can be attributed to the uncertainty of the GDP growth rate in the target firm's home country. We apply a joint variable analysis using M&A announcement data from the Korea Exchange (KRX), Shanghai Stock Exchange (SSE), and the Taiwan Stock Exchange (TWSE) from 2004 to 2013. We also conduct an event study using the measure of the uncertainty of the GDP growth rate (based on IMF statistics) in 55 target countries. Design/methodology - We measure the abnormal return (AR) using the market-adjusted model. We test the significance of the AR and the cumulative abnormal return (CAR) using a one-sample t-test. We examine the characteristics of the CARs depending on whether the target company is listed by applying a difference analysis using CAR as a test variable. In addition, we set CAR (-5, +5) as a dependent variable to identify the cause of the listing effect, and test both the financial characteristic variables of the acquirer and the collective characteristic variables of the merger as independent variables in the multiple regression analysis. Findings - First, we find the listing effect of cross-border M&As in the KRX, SSE, and TWSE, which represent the capital markets in Korea, China, and Taiwan, respectively. This listing effect persists during the global financial crisis and has a negative effect on the wealth of acquiring shareholders, especially when the target countries are emerging markets. Second, greater uncertainty regarding the target countries' economic growth in cross-border M&As has a negative effect on the wealth of acquiring firms' shareholders. Third, our empirical analysis demonstrates that the listing effect is attributable to the fact that firms listed in a target country with greater uncertainty of economic growth are more directly and greatly exposed to uncertain capital markets through stock markets, than are unlisted firms. Originality/value - This study is significant in that it presents a new strategic perspective in the study of cross-border M&As by demonstrating empirically that the listing effect is attributable to the uncertainty regarding the economic development of the target firms' home countries.