• Title/Summary/Keyword: Firm-level Data

검색결과 428건 처리시간 0.026초

유통 상장기업들의 자본조달 특징에 관한 연구 (A Study on the Financing Decision of Retail Firms Listed on Korean Stock Markets)

  • 윤보현
    • 유통과학연구
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    • 제12권10호
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    • pp.75-84
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    • 2014
  • Purpose - This article aims to examine whether the stock issuance of firms in the retail industry follows Myers' (1984) pecking order theory, which is based on information asymmetry. According to the pecking order model, firms have a sequence of financing decisions, of which the first choice is to use retained earnings, the second one is to get into safe debt, the next involves risky debt, and the last involves finance with outside equity. Since the 2000s, the polarization of the LEs (Large enterprises) and SMEs (Small and Medium Enterprises) arose in the retail industry. The LEs exhibited an improvement in growth and profitability, whereas SMEs had a tendency to degenerate. This study contributes to corroborating the features of financing decisions in the retail industry distinguished from the other industries. Research design, data, and methodology - This study considers the stocks listed on the KOSPI and KOSDAQ markets from 1991 to 2013, and is more concentrated on the stocks in the retail industry. The data were collected from the financial information company, WISEfn. The empirical analysis is conducted by employing two measures of net equity issues (and), which were introduced in Fama and French (2005), and can be calculated from firms' accounting information. All variables are generated as the aggregate value of the numerator divided by aggregate assets, which, in effect, treats the entire sample as a single firm. Substantially, the financing decisions of the firms were analyzed by examining how often and under what circumstances firms issue and repurchase equity. Then, this study compares the features of the retail industry with those of the other industries. Results - The proportion of sample firms that show annual net stock issues reaching the level of the year's average was 54.33% for the 1990s, and fell to 39.93% per year for the 2000s. In detail, the fraction of the small firms actually increases from 45.08% to 51.04%, whereas that of large firms shows a dramatic decline from 58.94% to 24.76%. Considering the fact that the large firms' rapid increase in growth after the 2000s may lead to an increase in equity issues, this result is rather surprising. Meanwhile, net stock repurchases of assets are considerably disproportionate between the large (-50.11%) and the small firms (-15.66%) for the 2000s. Conclusions - Stock issuance of retail firms is not in line with the traditional seasoned equity offering based on information asymmetry. The net stock issuance of the small firms in the retail industry can be interpreted as part of an effort to reorganize business and solicit new investment to resolve degenerating business performance. For large firms, on the other hand, the net repurchase can be regarded as part of an effort to rearrange business for efficiency and amplifying synergy across business sections through spin-off. These results can help the government establish a support policy on retail industry according to size.

최고경영진의 인적 및 사회적 자본이 정부의 R&D 지원제도 활용과 초기 성과에 미치는 영향 (Top Management's Human and Social Capital Effect on Governmental R&D Support System Utilization and Success)

  • 김제금;황희중;송인암
    • 유통과학연구
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    • 제13권6호
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    • pp.71-78
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    • 2015
  • Purpose - This study attempts to analyze whether or not there are characteristics among the top management of companies that promote corporate performance at venture companies. It investigates the characteristics of the human and social capital that are inherent in top management at a venture company and conducts an empirical analysis of hypotheses examining if these characteristics will affect utilization of the governmental R&D support system as well as affect the firm's initial success. Research design, data, and methodology - This study conducted theoretical and empirical research together to accomplish the goal of the study. The pilot study researched human capital and social capital as the independent variables; the governmental R&D support system as the parameter; and, the initial success as the dependent variable. The empirical study carried out research on the model, establishment of hypotheses, and the statistical treatment. A survey was conducted targeting top management of high-tech venture companies in Daedeok Innopolis; 500 questionnaires were distributed; and, 222 were collected. Results - The human and social capital inherent in top management at venture companies in the early stages of their existence become good evaluation data for those who are invested in similar resources. If top management includes strong human and social capital, access to external resources will be easier; these will have a positive influence on the selection of overnmental support systems; and, this proper support will also have a positive influence on the initial success of the venture company. The results revealed the following. First, it was found that when the educational level and functional background, (the top management human capital), are the output function, top management human capital had a significant influence on selection of governmental R&D support funds. Second, it was found that the internal social capital and external social capital, (the top management social capital), had a significant influence on selection of governmental R&D support tasks. Third, it was found that selection of the governmental R&D support tasks at the start of the venture company had a positive influence on the corporate financial performance such as sales, business profits, and the increase in workers; and, had a significant influence on nonfinancial performance such as market share, competitive position, product competitiveness, and the future product development. Conclusions - Selection of the governmental R&D support system is not recognized as part of the direct sales of a venture company in its early stages, but as it can reduce costs for technical development and helps significantly in creating test products and mass production, it has a positive influence on the company's financial performance and nonfinancial performance as a result. Therefore, companies should take great efforts to frequently be selected as a candidate in the governmental R&D support system, as it can help facilitate R&D that requires extensive funds. As a result, companies can expect effects such as job creation and patent applications and they can advance future product sales.

조직특성과 정보시스템특성이 직무만족에 미치는 영향 -비전공유의 조절효과 분석- (Effects of Job Satisfaction on the Characteristics of Organization and Information Systems - Moderating Effects of Vision Sharing -)

  • 박광오;이은령;정대현
    • 경영과정보연구
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    • 제37권3호
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    • pp.115-130
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    • 2018
  • 본 연구는 조직특성 및 정보시스템특성의 요인들과 조직구성원들 직무만족 간의 관계를 살펴보고 사회적 자본이론의 비전공유에 따른 조절효과를 파악하고자 하였다. 지금까지 기업성과 및 직무만족 관련 논문들이 주로 인사, 조직, 재무, 생산, MIS 등 각 기능별조직의 관점에서 접근한 개별모형의 분석으로 이루어져 왔다. 따라서 본 논문은 MIS 관점의 접근방식과 더불어 조직관점의 통합연구모형의 제시로 직무만족 및 기업 성과에 미치는 영향요인의 종합적 분석을 시도하였다. 또한 사회적 자본이론 측면에서의 직무만족에 미치는 비전공유의 조절효과를 분석하였다. 조직특성은 혁신성, 신뢰, 인재우대 변수를 사용하였다. 그리고 정보시스템특성은 신속성, CEO 지원, 보상을 변인으로 사용하여 다중회귀분석을 실시하였다. 분석자료는 한국직업능력개발원의 인적자본기업패널(HCCP) 6회차의 데이터를 활용하였다. 분석결과에 의하면, 모든 변수들이 만족도에 유의한 영향을 미쳤으며 특히 CEO 지원 및 신뢰가 큰 영향을 미치는 것으로 나타났다. 직무만족에 대한 비전공유의 조절효과 분석에서는 혁신성만 조절효과가 있는 것으로 분석되었다. 인구 통계학적 변수 중 구성원들의 평균급여에 의한 직무만족의 로지스틱 분석결과만 통계적으로 유의하게 나타났다. 따라서 구성원들의 직무만족 향상에는 무엇보다 급여가 직무만족에 큰 영향을 미친다고 볼 수 있다. 결국 적절한 급여의 책정이 충분한 보상의 개념으로 인식함으로써 전반적인 직무만족이 향상될 것으로 판단할 수 있겠다.

한국 제조기업의 기술혁신, 고용, 기업성과 간 관계에 대한 3SLS 분석: 고용의 양적·질적 특성 관점에서 (3SLS Analysis of Technology Innovation, Employment, and Corporate Performance of South Korean Manufacturing Firms: A Quantity and Quality of Employment Perspective)

  • 임동근;정진화
    • 기술혁신연구
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    • 제31권3호
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    • pp.139-169
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    • 2023
  • 본 연구는 기업의 기술혁신이 고용과 기업성과에 미치는 영향을 변수 간 양방향 인과관계를 고려하여 분석하였다. 기술혁신의 대리변수는 기업의 특허출원 수이며, 분석대상은 100인 이상 규모의 국내 제조업체이다. 실증분석의 경우 기술혁신(특허출원), 고용(근로자 수, 숙련 근로자 비중), 기업성과(근로자 1인당 매출액)가 종속변수인 연립방정식 모형을 3단계 최소자승추정법(3SLS)으로 추정하였다. 외생변수로 기업의 경영상 특성과 일반적 특성을 통제하였고, 각 방정식의 식별변수로 R&D집약도, 근로자 1인당 노동비용(또는 기업부설연구소 보유 여부), 교육훈련투자를 사용하였다. 분석자료는 인적자본기업패널(HCCP)의 1차년도(2005년)~7차년도(2017년) 자료이며, 이를 NICE신용평가정보(주)의 기업 재무자료 및 한국 특허청의 특허정보와 병합하여 사용하였다. 분석결과에 의하면, 기업의 특허출원이 활발할수록 근로자 수, 숙련 근로자 비중, 근로자 1인당 매출액이 모두 증가하였고, 반대 방향의 인과관계도 모두 유의하였다. 따라서 기업의 기술혁신은 고용의 확대 및 질적 제고뿐 아니라 기업의 지속적인 성장에도 기여하는 것으로 확인된다.

IT 아웃소싱의 가치에 관한 연구: 한국 산업에 대한 실증분석 (Value of Information Technology Outsourcing: An Empirical Analysis of Korean Industries)

  • 한건수;이강배
    • Asia pacific journal of information systems
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    • 제20권3호
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    • pp.115-137
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    • 2010
  • Information technology (IT) outsourcing, the use of a third-party vendor to provide IT services, started in the late 1980s and early 1990s in Korea, and has increased rapidly since 2000. Recently, firms have increased their efforts to capture greater value from IT outsourcing. To date, there have been a large number of studies on IT outsourcing. Most prior studies on IT outsourcing have focused on outsourcing practices and decisions, and little attention has been paid to objectively measuring the value of IT outsourcing. In addition, studies that examined the performance of IT outsourcing have mainly relied on anecdotal evidence or practitioners' perceptions. Our study examines the contribution of IT outsourcing to economic growth in Korean industries over the 1990 to 2007 period, using a production function framework and a panel data set for 54 industries constructed from input-output tables, fixed-capital formation tables, and employment tables. Based on the framework and estimation procedures that Han, Kauffman and Nault (2010) used to examine the economic impact of IT outsourcing in U.S. industries, we evaluate the impact of IT outsourcing on output and productivity in Korean industries. Because IT outsourcing started to grow at a significantly more rapid pace in 2000, we compare the impact of IT outsourcing in pre- and post-2000 periods. Our industry-level panel data cover a large proportion of Korean economy-54 out of 58 Korean industries. This allows us greater opportunity to assess the impacts of IT outsourcing on objective performance measures, such as output and productivity. Using IT outsourcing and IT capital as our primary independent variables, we employ an extended Cobb-Douglas production function in which both variables are treated as factor inputs. We also derive and estimate a labor productivity equation to assess the impact of our IT variables on labor productivity. We use data from seven years (1990, 1993, 2000, 2003, 2005, 2006, and 2007) for which both input-output tables and fixed-capital formation tables are available. Combining the input-output tables and fixed-capital formation tables resulted in 54 industries. IT outsourcing is measured as the value of computer-related services purchased by each industry in a given year. All the variables have been converted to 2000 Korean Won using GDP deflators. To calculate labor hours, we use the average work hours for each sector provided by the OECD. To effectively control for heteroskedasticity and autocorrelation present in our dataset, we use the feasible generalized least squares (FGLS) procedures. Because the AR1 process may be industry-specific (i.e., panel-specific), we consider both common AR1 and panel-specific AR1 (PSAR1) processes in our estimations. We also include year dummies to control for year-specific effects common across industries, and sector dummies (as defined in the GDP deflator) to control for time-invariant sector-specific effects. Based on the full sample of 378 observations, we find that a 1% increase in IT outsourcing is associated with a 0.012~0.014% increase in gross output and a 1% increase in IT capital is associated with a 0.024~0.027% increase in gross output. To compare the contribution of IT outsourcing relative to that of IT capital, we examined gross marginal product (GMP). The average GMP of IT outsourcing was 6.423, which is substantially greater than that of IT capital at 2.093. This indicates that on average if an industry invests KRW 1 millon, it can increase its output by KRW 6.4 million. In terms of the contribution to labor productivity, we find that a 1% increase in IT outsourcing is associated with a 0.009~0.01% increase in labor productivity while a 1% increase in IT capital is associated with a 0.024~0.025% increase in labor productivity. Overall, our results indicate that IT outsourcing has made positive and economically meaningful contributions to output and productivity in Korean industries over the 1990 to 2007 period. The average GMP of IT outsourcing we report about Korean industries is 1.44 times greater than that in U.S. industries reported in Han et al. (2010). Further, we find that the contribution of IT outsourcing has been significantly greater in the 2000~2007 period during which the growth of IT outsourcing accelerated. Our study provides implication for policymakers and managers. First, our results suggest that Korean industries can capture further benefits by increasing investments in IT outsourcing. Second, our analyses and results provide a basis for managers to assess the impact of investments in IT outsourcing and IT capital in an objective and quantitative manner. Building on our study, future research should examine the impact of IT outsourcing at a more detailed industry level and the firm level.

산업연관표(2003년)를 활용한 산업별 CO2 배출 원단위 분석 (Analysis of CO2 Emission Intensity per Industry using the Input-Output Tables 2003)

  • 박필주;김만영;이일석
    • 자원ㆍ환경경제연구
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    • 제18권2호
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    • pp.279-309
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    • 2009
  • 산업에서 발생되는 온실가스를 줄이기 위해서는 각 산업별 온실가스 발생량을 정확히 예측해야 한다. 이에 본 연구에서는 2003년 산업연관표와 에너지 사용량 통계자료를 기초로 401개 산업별 직 간접 $CO_2$ 원단위를 산출하고 이를 활용하는 방안을 검토하였다. 본 연구는 국내에 없는 일부 데이터 대신 해외 데이터 사용, 석유정제부문에 대한 분배 문제, 카본뉴트럴 측면에서 재검토 필요성, 폐기물처리 부문 과정의 일부 미고려 등에 따른 결과의 한계를 가지고 있다. 그럼에도 불구하고 부산물로 얻어지는 코크스로가스나 철강계 가스, 자원순환 관점에서 주목받고 있는 폐기물 영향까지를 고려한 401개 상세 산업별 직 간접 $CO_2$ 원단위를 산출했다는 측면에서 의미가 있다. 산업별 $CO_2$ 배출 원단위 분석 결과를 살펴보면, 간접 $CO_2$ 원단위가 크게 나타난 대표적인 산업으로는 조강, 레미콘, 선재 및 궤조, 주철물, 철근 및 봉강 산업이다. 이들 산업은 직접 $CO_2$ 원단위가 큰 산업에서 생산된 원료물질을 이용하여 제품을 생산하고 있다. 직접 $CO_2$ 배출 원단위가 크게 나타난 대표적인 산업으로는 시멘트, 선철, 석회 및 석고 제품, 석탄화합물 등 자연으로부터 채취한 원광석 등을 이용하여 다른 산업에 유용한 원료물질로 정제하는 산업이었다. 본 연구 결과는 산업별 특성이 반영된 저감 목표치 산정, $CO_2$ 저감정책별 감축 잠재량 산정, 기업의 $CO_2$ 배출량 수준 파악 및 저감 목표량을 설정할 때 유용하게 활용될 수 있다. 그 밖에도 국내에서 활발히 연구되고 있는 환경경제통합계정, 산업별 물질흐름분석 분야에서 널리 응용될 수 있을 것이다.

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빅데이터 기반의 정성 정보를 활용한 부도 예측 모형 구축 (Bankruptcy Prediction Modeling Using Qualitative Information Based on Big Data Analytics)

  • 조남옥;신경식
    • 지능정보연구
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    • 제22권2호
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    • pp.33-56
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    • 2016
  • 대부분의 부도 예측에 관한 연구는 재무 변수를 중심으로 통계적 방법 또는 인공지능 기법을 적용하여 부도 예측 모형을 구축하였다. 그러나 재무비율과 같은 회계 정보를 이용한 부도 예측 모형은 재무 제표 결산 시점과 신용평가 시점 간 시차를 고려하지 않을 뿐만 아니라 해당 산업의 경제적 상황과 같은 외부 환경적인 요소를 반영하기 어렵다는 한계점이 존재하였다. 기업의 부도 여부를 예측하기 위해 정량 정보인 재무 변수만을 이용하는 것에 한계가 있음에도 불구하고 정성 정보를 부도 예측 모형에 반영한 연구는 아직 미흡한 실정이다. 본 연구에서는 재무 변수를 이용하는 기존 부도 예측 모형의 성과를 개선하기 위해 빅데이터 기반의 정성 정보를 추가적인 입력 변수로 활용하는 부도 예측 모형을 제안하였다. 제안 모형의 성과 향상은 정성 정보를 예측 모형에 통합시키기에 적합한 형태로 정보의 유형을 변환시킬 수 있는가에 따라 달려있다. 이에 본 연구에서는 정성 정보 처리를 위한 방법으로 빅데이터 분석 기법 중 하나인 텍스트 마이닝(Text Mining)을 활용하였다. 해당 산업과 관련된 경제 뉴스 데이터로부터 경제 상황에 대한 감성 정보를 추출하기 위해 도메인 중심의 감성 어휘 사전을 구축하고, 구축된 어휘 사전을 기반으로 감성 분석(Sentiment Analysis)을 수행하였다. 형태소 분석 등을 포함한 텍스트 전처리 과정을 거쳐 감성 어휘를 추출하고, 각 어휘에 대한 극성 및 감성 점수를 부여하였다. 분석 결과, 전통적 부도 예측 모형에 경제 뉴스 데이터에서 도출한 정성 정보를 반영하는 것은 모형의 성과를 개선하는 것으로 나타났다. 특히, 경제 상황에 대한 부정적 감정이 기업의 부도 여부를 예측하는 데 더욱 효과적임을 알 수 있었다.

지속적 관여도 및 인지된 위험이 소비자의 온라인 상인선택 프로세스에 미치는 영향에 관한 연구: 요구신뢰 수준 개념을 중심으로 (How Enduring Product Involvement and Perceived Risk Affect Consumers' Online Merchant Selection Process: The 'Required Trust Level' Perspective)

  • 홍일유;이정민;조휘형
    • Asia pacific journal of information systems
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    • 제22권1호
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    • pp.29-52
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    • 2012
  • Consumers differ in the way they make a purchase. An audio mania would willingly make a bold, yet serious, decision to buy a top-of-the-line home theater system, while he is not interested in replacing his two-decade-old shabby car. On the contrary, an automobile enthusiast wouldn't mind spending forty thousand dollars to buy a new Jaguar convertible, yet cares little about his junky component system. It is product involvement that helps us explain such differences among individuals in the purchase style. Product involvement refers to the extent to which a product is perceived to be important to a consumer (Zaichkowsky, 2001). Product involvement is an important factor that strongly influences consumer's purchase decision-making process, and thus has been of prime interest to consumer behavior researchers. Furthermore, researchers found that involvement is closely related to perceived risk (Dholakia, 2001). While abundant research exists addressing how product involvement relates to overall perceived risk, little attention has been paid to the relationship between involvement and different types of perceived risk in an electronic commerce setting. Given that perceived risk can be a substantial barrier to the online purchase (Jarvenpaa, 2000), research addressing such an issue will offer useful implications on what specific types of perceived risk an online firm should focus on mitigating if it is to increase sales to a fullest potential. Meanwhile, past research has focused on such consumer responses as information search and dissemination as a consequence of involvement, neglecting other behavioral responses like online merchant selection. For one example, will a consumer seriously considering the purchase of a pricey Guzzi bag perceive a great degree of risk associated with online buying and therefore choose to buy it from a digital storefront rather than from an online marketplace to mitigate risk? Will a consumer require greater trust on the part of the online merchant when the perceived risk of online buying is rather high? We intend to find answers to these research questions through an empirical study. This paper explores the impact of enduring product involvement and perceived risks on required trust level, and further on online merchant choice. For the purpose of the research, five types or components of perceived risk are taken into consideration, including financial, performance, delivery, psychological, and social risks. A research model has been built around the constructs under consideration, and 12 hypotheses have been developed based on the research model to examine the relationships between enduring involvement and five components of perceived risk, between five components of perceived risk and required trust level, between enduring involvement and required trust level, and finally between required trust level and preference toward an e-tailer. To attain our research objectives, we conducted an empirical analysis consisting of two phases of data collection: a pilot test and main survey. The pilot test was conducted using 25 college students to ensure that the questionnaire items are clear and straightforward. Then the main survey was conducted using 295 college students at a major university for nine days between December 13, 2010 and December 21, 2010. The measures employed to test the model included eight constructs: (1) enduring involvement, (2) financial risk, (3) performance risk, (4) delivery risk, (5) psychological risk, (6) social risk, (7) required trust level, (8) preference toward an e-tailer. The statistical package, SPSS 17.0, was used to test the internal consistency among the items within the individual measures. Based on the Cronbach's ${\alpha}$ coefficients of the individual measure, the reliability of all the variables is supported. Meanwhile, the Amos 18.0 package was employed to perform a confirmatory factor analysis designed to assess the unidimensionality of the measures. The goodness of fit for the measurement model was satisfied. Unidimensionality was tested using convergent, discriminant, and nomological validity. The statistical evidences proved that the three types of validity were all satisfied. Now the structured equation modeling technique was used to analyze the individual paths along the relationships among the research constructs. The results indicated that enduring involvement has significant positive relationships with all the five components of perceived risk, while only performance risk is significantly related to trust level required by consumers for purchase. It can be inferred from the findings that product performance problems are mostly likely to occur when a merchant behaves in an opportunistic manner. Positive relationships were also found between involvement and required trust level and between required trust level and online merchant choice. Enduring involvement is concerned with the pleasure a consumer derives from a product class and/or with the desire for knowledge for the product class, and thus is likely to motivate the consumer to look for ways of mitigating perceived risk by requiring a higher level of trust on the part of the online merchant. Likewise, a consumer requiring a high level of trust on the merchant will choose a digital storefront rather than an e-marketplace, since a digital storefront is believed to be trustworthier than an e-marketplace, as it fulfills orders by itself rather than acting as an intermediary. The findings of the present research provide both academic and practical implications. The first academic implication is that enduring product involvement is a strong motivator of consumer responses, especially the selection of a merchant, in the context of electronic shopping. Secondly, academicians are advised to pay attention to the finding that an individual component or type of perceived risk can be used as an important research construct, since it would allow one to pinpoint the specific types of risk that are influenced by antecedents or that influence consequents. Meanwhile, our research provides implications useful for online merchants (both online storefronts and e-marketplaces). Merchants may develop strategies to attract consumers by managing perceived performance risk involved in purchase decisions, since it was found to have significant positive relationship with the level of trust required by a consumer on the part of the merchant. One way to manage performance risk would be to thoroughly examine the product before shipping to ensure that it has no deficiencies or flaws. Secondly, digital storefronts are advised to focus on symbolic goods (e.g., cars, cell phones, fashion outfits, and handbags) in which consumers are relatively more involved than others, whereas e- marketplaces should put their emphasis on non-symbolic goods (e.g., drinks, books, MP3 players, and bike accessories).

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첨단산업의 환경동태성이 공급체인의 결속에 미치는 영향: 유연성과 의존성의 역할 (The Effects of Environmental Dynamism on Supply Chain Commitment in the High-tech Industry: The Roles of Flexibility and Dependence)

  • 김상덕;지성구
    • 마케팅과학연구
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    • 제17권2호
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    • pp.31-54
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    • 2007
  • 첨단산업의 기업들은 환경의 변화에 효과적으로 대응하는 것을 기업 성패에 중요한 요인으로 여기고 있다. 하지만 첨단산업의 환경 동태성이 공급체인 구성원 간 관계 결속에 미치는 영향에 관한 연구가 부족하여, 환경 변화에 효과적인 대응을 어렵게 하고 있다. 본 연구는 첨단산업에서 환경 동태성이 공급체인의 결속에 영향을 미치는 메커니즘에 대해 규명하고 있다. 좀 더 구체적으로 말하면, 첫째, 첨단산업의 고객, 경쟁, 기술 동태성이 공급체인의 결속에 어떠한 영향을 미치는지, 둘째, 공급체인의 유연성과 의존성이 이러한 영향에 어떠한 조절효과를 가지는 지 실증하고 있다. 구조방정식 모형에 의한 가설검정 결과 첨단산업의 고객 동태성은 공급체인의 결속을 약화시켰지만 경쟁 동태성은 강화시키는 역할을 하였다. 한편 유연성과 의존성은 고객과 경쟁 동태성에 유의적인 조절 효과를 가졌다.

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특허 인용 관계가 기업 성과에 미치는 영향 : 소셜네트워크분석 관점 (The Effect of Patent Citation Relationship on Business Performance : A Social Network Analysis Perspective)

  • 박준형;곽기영
    • 지능정보연구
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    • 제19권3호
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    • pp.127-139
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    • 2013
  • 최근 지식기반 사회의 진입과 더불어 지식재산에 대한 관심이 증가하고 있다. 특히 하이테크산업을 이끌고 있는 ICT기업들은 지식재산의 체계적 관리를 위하여 끊임없이 노력하고 있다. 기업의 지적 자본을 대표하는 특허정보가 지속적으로 축적됨에 따라 정량적인 분석이 가능해졌다. 특허정보를 통하여 특허수준부터 기업수준, 산업수준, 국가 수준에 이르기 까지 다양한 수준에서의 분석이 가능하다. 특허정보는 기술 현황을 파악하거나 성과에 미치는 영향을 분석하는데 활용되고 있다. 특허 인용 정보를 활용한 분석은 크게 두 가지로, 인용 횟수를 활용하는 인용지표 분석과 인용관계를 바탕으로 한 네트워크분석으로 나뉜다. 네트워크를 통한 분석은 지식 영향의 흐름을 나타내며, 이를 통하여 기술의 변화를 확인할 수 있을 뿐만 아니라 앞으로의 연구 방향을 예측할 수 있다. 네트워크를 활용한 분석 분야에서는 기업이 차지하는 네트워크상에서의 위치가 기업성과에 미치는 영향을 다각도에서 분석하는 연구가 진행되고 있다. 본 연구에서는 소셜네트워크분석 기법을 활용하여 특허 인용을 기반으로 한 기업 간의 네트워크를 도출하고 특허 인용 네트워크에서 차지하는 기업의 위치적 특성이 기업성과에 미치는 영향을 분석하였다. 이를 위해 미국 S&P500에 등록된 IT 및 통신서비스 기업 가운데 74개 기업을 표본으로 선정하였다. 소셜네트워크분석을 통하여 개별 기업들의 아웃디그리 중심성, 매개 중심성, 효율성(구조적 공백)을 측정하여 네트워크 상에서의 위치적 우위를 나타내는 독립변수로서 이용하였으며, 기업성과 변수로는 순이익을 사용하였다. 실증 분석 결과, 각각의 네트워크 지표는 기업성과인 순이익에 통계적으로 유의한 영향을 미치는 것으로 나타났다. 두 가지 중심성 지표는 기업성과에 정(+)의 영향을 미친 반면, 구조적 공백으로 인한 위치적 우위를 나타내는 효율성은 기업성과에 부정적(-)인 영향을 미치는 것으로 나타났다. 세 가지 네트워크 지표를 동시에 고려할 경우에는 매개 중심성만이 기업성과에 대해 통계적 유의성을 보였다. 분석 결과를 토대로 연구의 발견점을 토의하고 시사점을 논의하였다.