• 제목/요약/키워드: Firm growth

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정보기술, 기업 및 산업특성, 재고회전율 간의 관계에 대한 실증분석 (Investigating the Relationships Among Inventory Turnover Performance, IT, and Firm and Industry Characteristics)

  • 김길환
    • 한국산업정보학회논문지
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    • 제24권3호
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    • pp.1-21
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    • 2019
  • 본 연구는 다음의 세 가지 목적을 갖는다. 첫째, 98개 미국기업의 11년(1999년에서 2009년)치 자료를 통하여 정보기술(IT) 관련 투자가 기업의 재고회전율에 미치는 영향을 분석한다. 둘째, 기업 및 산업의 특성이 재고회전율에 미치는 영향을 살펴본다. 구체적으로, 기업의 특성을 반영하기 위하여 수직결합도(vertical integration)와 성장옵션(growth option)을 고려하였고 기업이 속한 산업의 특성을 반영하기 위해 산업역동성(industry dynamism)과 산업집중도(industry concentration)를 선택하였다. 셋째, 분석 대상기업의 재고회전율에 대한 시계열적 추세를 검토한다. 본 연구의 주요 결과는 다음과 같다. 첫째, 정보기술 투자와 성장옵션은 재고회전율에 양의 영향을 주었다. 둘째, 수직결합도와 산업집중도는 재고회전율은 음의 영향을 주었다. 셋째, 재고회전율에 대한 산업역동성의 효과는 양의 값을 보였다. 마지막으로 분석기간 동안 재고회전율과 '조정된 재고회전율'로 표현된 재고생산성(inventory productivity)의 상승추세를 확인하였다.

기업가적 의지, 조직학습, 기술/시장 변화에 의한 대학발 창업 벤처기업의 기회실현 과정: i-KAIST 탐색적 사례연구 (A Case Study on the Opportunity Realization Process of the i-KAIST Venture: Entrepreneurial Intent, Organizational Learning, and Technology/Market Domain Shifts)

  • 권상집;백서인;김희태;장현준;김성진
    • 지식경영연구
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    • 제14권5호
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    • pp.55-79
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    • 2013
  • This study primarily focused on the opportunity realization process of a korean venture firm based on university. This research examined the relationship between entrepreneurial intent and organizational learning produced in a sustainable opportunity realization process with technology/market domain shifts. Therefore, this research explores the determinants of sustainable growth of a venture firm at the organizational level and suggests optimal solutions for promoting entrepreneurial intent and opportunity realization for many entrepreneurs. The results showed that CEO's entrepreneurial intent is a key driving factor that can positive impacts on opportunity recognition and organizational learning based on university's expertise. Furthermore, the orientation of a entrepreneur can affect venture's technology/market domain shift through the advanced technological knowledge of university. In conclusion, this research sheds light on the growth of a venture firm based on university suggesting more customized solutions for many entrepreneurs. Implications for the results and the future directions are discussed.

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자율주행 관련 특허의 자동차 부품 산업 내 기업 성과에 미치는 영향에 관한 분석 (A Study on the Influence of Self-driving Patents on the Firm Performance in the Automotive Parts Industry)

  • 조현석;곽찬희;최한별;이민형;이희석
    • 지식경영연구
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    • 제20권4호
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    • pp.57-74
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    • 2019
  • Self-driving technology is changing the paradigm of automotive industry. Since it is imperative to converge this emerging technology with ICT and there is a time lag between securing this emerging technology and occurrence of firm performance, it is difficult to make decisions on technology development. This study investigates patent indicators to understand the impact of self-driving technology on performance of automotive parts companies. We analyze 611 of self-driving technology patents from 2000 to 2016 and the financial performance of 270 small and medium businesses that register the corresponding patents with consideration of up to four years of time lag. Our analysis results show that patents related to self-driving has a positive impact on asset growth of 2 years and sales growth of 3 years in terms of time lag. This study contributes to the literature by analyzing the impact of technology development on the firm performance in case of convergence of the automotive and ICT industries. Additionally, this study provides a role of patent in knowledge management planning through technology development as a practical implication.

외식기업의 브랜드 다각화가 수익성에 미치는 영향에 관한 연구 (The Impact of Brand Diversification on Firm Performance: A Study Restaurant Firms)

  • 민하나;김인정;최규완
    • 한국식생활문화학회지
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    • 제29권6호
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    • pp.593-598
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    • 2014
  • Brands play a critical role as a core asset and the primary driver for corporate growth because of their power of identity and influence on customers' perceptions in restaurant industry. However, in spite of diverse and dynamically changing recent brand portfolio strategies of restaurants, a study on the effect of brand diversification on financial performance has been rarely conducted in the restaurant industry context. Considering competing viewpoints regarding diversification's influence on financial performance, the purpose of this study is, therefore, to examine the effect of brand diversification on firm performance of restaurants. The results indicated that brand diversification is positive effect to profitability. Brand diversification seems to be attractive and might be a reasonable growth strategy to expand market power by satisfying diverse consumer needs. Therefore, restaurant managers should be consider in implementing brand diversification strategy especially in dynamically changing trend of brand diversification in the current restaurant industry.

Clear separation of duties and its effect on growth and performance of business start-up in a developing country: Case study of University of Kigali.

  • Nuwagaba, Alfred
    • 동아시아경상학회지
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    • 제2권1호
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    • pp.1-6
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    • 2014
  • This research was about understanding challenges in managing a business start up. University of Kigali was used as a case study. It is domiciled in Rwanda. It was chosen because it is a recent university establishment and it provided a good source of information for this research. The issue that triggered this study was to understand the virtue of having clear separation of duties in new business start-ups. The findings from this study reveal that 100 percent of the respondents believe that clear separation of roles and clear communication between management, shareholders and Board of directors is vital for new businesses. From the Literature review, it was clear that a firm in its infancy has a lot of risks and it would not be a bad idea for the start for shareholders and Board of directors to give a helping hand in the day to day running of the business until its stabilization. Employees need to know the vision and mission of the business start-up and again, the managing director of a firm needs to work closely with the chairman Board of directors for effective driving of the firm into the right direction. The momentum in growth of University of Kigali is due to respect of the pillar of separation of duties in its hierarchical structure and for allowing a decentralized structure type of management for flourish.

Factors Influencing Business Efficiency of Steel Firms: Evidence from Vietnam

  • NGUYEN, Nguyet Minh;TRAN, Kien Trung
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.295-304
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    • 2021
  • This study aims to identify and analyze the impact of internal factors on business efficiency of steel firms in Vietnam. The article uses data collected from the financial statements of 26 steel firms operating in Vietnam between 2012 and 2019. With the application of E-view software in quantitative analysis to build regression models on the table data (panel data), and the study has built a regression model identifying the relationship and impact level of internal factors affecting business efficiency of steel firms in Vietnam. In the study, the dependent variable is business efficiency, determined by the profit after tax on the firm's assets. The independent variables are firm size, growth rate, capital structure, ratio of long-term assets, receivables management, and solvency. The research results show that the four factors of firm size, growth rate of assets, receivables management, and solvency have a positive impact on business efficiency, while two factors including capital structure and ratio of long-term assets do not affect business efficiency of enterprises. The results of this article are very useful for corporate executives in general and for financial managers in particular, helping managers make the right financial decisions for the company to promote business efficiency of the company.

기업 규모에 따른 지식재산 활동 구조 분석-기계산업을 중심으로 (Structural analysis of IP-related activities in machinery industry)

  • 이성상
    • 대한기계학회:학술대회논문집
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    • 대한기계학회 2007년도 춘계학술대회A
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    • pp.485-489
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    • 2007
  • Knowledge-based economy is the economy or economic structure based on production, accumulation and utilization of knowledge. With the emergence of knowledge-based economy, the importance to the corporate competitiveness of IP and IP-related activities has increased. This paper discuss the issues related to the mode of IP-related activities, including the comparison of SMEs and large firms. Especially, I focus on the role and impact of IP-related activities on innovation and growth of firm in machinery industry. The result of this study can help to set up strategy for supporting firm's technology innovation.

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마아케팅 전략에 있어서의 우수상표전략에 관한 고찰 (A Study on the Strategy of Superior Brand in Marketing Strategies)

  • 조기중
    • 산업경영시스템학회지
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    • 제10권16호
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    • pp.159-171
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    • 1987
  • Recently in three mass period-mass production. mass sales and mass consumption-the strategy of superior brand has been viewed as the expansion of the sales and market share which firm sets up a target. The strategy of superior brand has the advantage of buyers and sellers. The strategy of superior brand must be an essential strategy on the growth of modern firm.

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Financial Security of Vietnamese Businesses and Its Influencing Factors

  • NGUYEN, Van Cong;NGUYEN, Thi Ngoc Lan
    • The Journal of Asian Finance, Economics and Business
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    • 제7권2호
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    • pp.75-87
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    • 2020
  • This paper aims to not only investigate the nature of financial security and its measurement, but also to compare financial security level in 629 listed companies divided into four different industries (materials, industrials, health care, and consumer goods) before building a theoretical framework and regression models to examine the determinants of financial security. By gathering 2,167 financial statements published in Vietnamese Stock Exchange during eight years from 2012 to 2019, with the support of STATA, the research results indicate that six different internal factors, which are liquidity, profitability, firm size, debt management ratios, asset management ratios, and cash flows, explain 77.7% the change of financial security ratio and 3.4% the change in sustainable growth ratio. Specifically, while firm size has a positive impact on sustainable growth ratio but a negative impact on financial security ratio, deb management and profitability have an insignificant influence on the financial security level. Furthermore, an increase in asset management ratios would result positively in both two dependent variables whereas a rise in sustainable growth and a decline in financial security ratio are expected to witness if there is an increase in cash flows.

해양경제특구의 성공 요인 (A Study on Success Factors of Marine Special Economic Zone)

  • 송계의
    • 한국항만경제학회지
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    • 제31권1호
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    • pp.51-68
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    • 2015
  • 최근 우리나라에서도 '해양경제특구'의 지정 필요성이 대두되고 있다. 해양은 새로운 자원 확보 및 국가적 역량제고에 무한한 가능성의 공간을 제공하며, 특히 중국, 일본 등 동북아 주변국의 국가 차원의 해양산업 발전전략을 강화하고 있으나 국내 항만정책은 그간 양적성장 위주로 추진되어와 발전한계에 봉착하고 있다. 따라서 국가적 차원의 해양산업 고도화 및 고부가가치 창출 전략 필요한 시점에 와 있으며, 이에 '해양경제특구'의 지정 필요성이 크게 대두되고 있다. 그러나 '해양경제특구'의 지정이 중요한 것이 아니라 그 성공적인 개발을 통한 시너지 효과의 극대화가 중요한 것이다. 따라서 본 논문에서는 '해양경제특구'를 지정하여 성공적으로 개발하기 위한 성공 요인분석을 하였다. '해양경제특구'의 성공적인 발전 요인 중 대분류 세 가지 요인에 대한 분석결과는 "주관적인 요인"이 4.11점, "산업환경적인 요인"이 3.89점, 그리고 "정부정책적인 요인"이 3.72점이었다. 세 가지 요인 중 주관적인 요인의 평균평점이 월등히 높아 결국 '해양경제특구'의 성공적인 발전을 위해서는 입주기업 스스로가 집중화된 시장전략 및 친시장 능력을 확보하여 경쟁력을 갖추는 것이 가장 중요하다는 것을 나타내고 있다. 하지만 산업환경적인 요인과 정부정책적인 요인의 평균평점은 각각 3.89점 및 3.72점을 기록하여 주관적인 요인보다는 적은 영향을 미치고 있다는 결론이다. 즉, 주관적인 요인의 평균평점이 월등히 높다는 것은, '해양경제특구'의 성공적인 발전을 위해서는 입주업체 스스로가 가장 우선적으로 (1) 집중화된 시장전략 및 친시장적인 능력을 확보하고, (2) 신속한 고객 욕구 충족 및 신뢰성을 확보하며, (3) 특구 내 해양산업 분야 간 연계발전 모델 정립을 통한 경쟁력 확보하는 것이 가장 중요하다는 것을 의미한다.