• 제목/요약/키워드: Government's intervention

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벤처캐피탈의 초기투자 활성화를 위한 정부의 정책개입 효과에 관한 연구 (A Study on the Effectiveness of the Korean Government's Policy Intervention to Revitalize Venture Capital's Early-stage Investment)

  • 최영근;전성민;이승용;최은지
    • 벤처창업연구
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    • 제16권6호
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    • pp.1-16
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    • 2021
  • 본 연구의 목적은 지금까지 한국 정부가 벤처캐피탈 시장에 어떻게 개입해 왔는지 살펴보고, 정부의 벤처캐피탈 정책이 벤처캐피탈의 초기 투자를 촉진했는지 실증적으로 규명하는 것이다. 이를 위해 본 연구에서는 관련 문헌을 연구하고 국내 사례를 적용 분석하여 벤처캐피탈 시장에 대한 정부의 시장개입을 단계적으로 분류하였다. 그리고 본 연구는 정부개입의 가장 중요한 목적인 벤처캐피탈의 초기투자 활성화를 위한 우리 정부의 정책 효과를 실증적으로 분석하였다. 실증분석을 위해 한국벤처캐피탈협회와 한국펀드에서 제공한 2004년부터 2018년까지의 연도별 자료를 시계열 통계분석과 거시역학을 이용하여 분석하였다. 사례연구 결과 한국 정부는 25년 동안 직접투자를 통해 벤처캐피탈 시장에 개입했고, 이후 18년 동안 간접투자를 통해 개입해왔다. 시계열 통계분석 결과, 벤처캐피탈펀드 조성을 늘리기 위한 정부의 재정투자와 일정비율의 초기투자를 의무화하는 특수목적펀드의 비율이 높아지면서 벤처캐피털의 초기투자가 증가했다. 그러나 거시역학은 2016년부터 이 시계열 통계분석과 반대 방향의 경향을 보였다. 결론적으로, 본 연구는 시계열 통계분석 결과와 반대 방향의 경향을 정부의 벤처캐피탈 투자방법에 대한 잘못된 규제로 해석하고, 최근 정부의 간접투자 방식을 통한 직접개입의 실효성이 부족하다. 또한 본 연구에서는 사례연구와 실증연구 결과를 바탕으로 정부의 간접개입에 필요한 여섯 가지 정책제안을 제시하였다.

The Distribution of Mismatches in Government Policy Response against COVID-19 in Terms of Risk Communication and its Implications

  • BAE, Suk-Kyeong;CHOI, Choongik
    • 유통과학연구
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    • 제19권12호
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    • pp.91-101
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    • 2021
  • Purpose: This study aims to explore the effects of government's value intervention messages on the prevention and control of infectious disease in the risk communication process in terms of goveremnt policy response to COVID-19 from the mismatch message perspective, and draws the relevant implicaitons. Due to the infeciton spread, some people point out that depression caused by COVID-19 is because of wrong signals of the government and infectious disease prevention and control authorities, namely value intervention messsages. Research design, data and methodology: This study examined the epidcmic situation through message deails regarding the effects of government's mismatch messages on prevention and control of infectious disease and the resulting phenomena. Results: People's lives are under serious threat overall, so the declaration of the end of COVID-19 is almost impossible unlike MERS. Economic downturn due to foreced prevention and control regulaitons of COVID-19, mistruct of social distancing, fatigue on mismatch messages, and moral hazard on the awareness of prevention and control of infectious disease are negative phenomena to risk communiaiton on COVID-19. Conclusions: This study investigated the government authorities' policy sending wrong signals due to mismatching of the reality at this point in time for infectious disease prevention and control from the risk communicaiton perspectrive.

한국의 근대적 대기업 및 기업집단 형성사 - 정부 개입(1960년대와 70년대)을 중심으로 (Historical Essay on the Growth of Modern Big Business Corporations and the Formation of Business Groups in Korea - With the Focus on the Government Intervention)

  • 백광기
    • 산학경영연구
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    • 제17권
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    • pp.27-52
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    • 2004
  • 1960년대와 1970년대에 걸친 한국경제의 성공적 도약과 이에 따른 기업의 성장은 정부의 적극적 개입에 의한 것이다. 이러한 정부주도의 경제성장이 우리나라에서 성공하게 된 이유는 박정희 정권이 효과적인 관료제를 확립하였을 뿐 아니라 수출실적 등과 같은 객관적 기구에 의하여 시장기구 못지않은 기율을 기업들에 실시한데 있다. 1960년대의 기업성장 및 기업집단 형성의 요인들로는 경제개발과정에서의 정부정책사업 및 수출 진흥정책에의 편승에 의한 특혜, 차관도입을 위시한 금융특혜, 공기업의 민영화 및 부실차관기업의 정리, 그리고 월남특수 등을 들 수 있다. 1970년대에는 8.3 사채동결조치, 중화학공업화, 중동건설특수, 종합무역상사제도의 도입 그리고 60년대 정부의 금융지배이후 계속되어오는 금융 및 자본시장에서의 경제적 지대를 기업성장 및 기업집단형성의 요인들로 들 수 있다. 그러나 이러한 특혜에 의한 성장은 기업의 비관련 다각화를 촉진시켰고, 간접금융에 의존하는 악성 기업재무구조를 유도하였고, 재벌중심의 독과점산업구조를 형성시켰다.

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선진국의 전자거래 소비자정책 (The consumer policies for the electronic transaction)

  • 박호용
    • 통상정보연구
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    • 제4권2호
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    • pp.57-76
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    • 2002
  • This paper surveys consumer policies for the internet transaction in the developed countries. Recently the internet transaction has been witnessing a remarkable change represented by the rapid spread of "revolution of distribution". It cannot be, however, stated that internet transaction will dominates all the market places without enhancing consumer's reliability in the internet transaction. Many countries made an efforts to the consumer protection in order to develop infra-structure of information industry. We will soon discover a new paradigm that consumer protection is not a tool for development of cyber market but the goal itself. We survey the process of consumer policies discussed in the developed countries and study the point of prevailing arguments of the consumer protection in the internet transaction. The arguments discussed in OECD meetings are debatable, especially, to the degree of government intervention in the field of consumer protection between EU and US. In contrast of US insisted on the minimum intervention of the government, EU suggest the opinion of more aggressive role of government in consumer policy in the cyber market. This paper attempts to provide several guide lines of Korean consumer policy in the cyber market.

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Information Intervention: A Taxonomy & Typology for Government Communication

  • Arceneaux, Phillip
    • Journal of Public Diplomacy
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    • 제1권1호
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    • pp.5-35
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    • 2021
  • Where government communication in the early 20th century fell under the umbrella term, "propaganda," the post-WWII era saw a paradigm fracture into public affairs for domestic audiences, public diplomacy for foreign audiences, and psychological operations for hostile audiences. The continued diffusion of the Internet, however, has blurred such distinctions, mending this fractured paradigm. Based on in-depth interviews, this study typologizes government communication to contextualize how various tactics functions within the 21st century digital media ecology, through an "Information Intervention" taxonomy. In an age where state-sponsored disinformation and computational propaganda are tantamount threats, this paper elucidates the field's fundamental concepts by articulating who communicates with what audience, in what manner, with what intent, and with what desired outcomes.

중국의 토지 공급 정책이 부동산 시장에 미치는 영향 (The Impact of Chinese Land Supply Policies on the Real Estate Market)

  • 유의박;이연재;신승우
    • 아태비즈니스연구
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    • 제15권1호
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    • pp.225-237
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    • 2024
  • Purpose - This study aims to explore the relationship between housing and land prices, with a specific emphasis on the impact of government policies on these factors such as land supply quantity and the ratio of residential land to total land supplied. The goal is to identify the most effective government intervention strategies for controlling both housing and land prices. Design/methodology/approach - Data from 70 primary and medium-sized cities in China spanning from 2003 to 2017 are utilized in this research. The analysis employs a panel vector autoregressive (PVAR) model, with a primary focus on examining the relationships among housing prices, land prices, and government intervention policies. Findings - Housing and land prices are influenced by various factors. Through impulse response analysis and variance decomposition, it is observed that both housing and land prices are predominantly influenced by their internal dynamics, with comparatively weaker effects attributed to policy interventions. Research implications or Originality - By investigating the impact of government policies on housing and land prices, This study establishes a foundation for effective price control measures. Our study advocates for a comprehensive examination of China's land supply mechanism to enhance understanding of the pathways through which government policies influence the markets.

빈곤계층 영유아의 발달과 어머니의 양육을 위한 조기간호중재 프로그램의 효과 (Effects of an Early Nursing Intervention Program for Infants' Development and Mother's Child Rearing in Poverty)

  • 방경숙
    • 대한간호학회지
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    • 제39권6호
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    • pp.796-804
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    • 2009
  • Purpose: This quasi-experimental study was performed to evaluate the effectiveness of an early nursing intervention program to support mothers of children aged 0-3 yr living in poverty. Methods: In this study, mothers who received financial support from the government were recruited from one city and assigned to an intervention group (24) and comparison group (18). They completed a baseline questionnaire about depression, child rearing burden, agreement on physical punishment, and child temperament. Also, Denver II screening of the children was performed by the researcher. Mothers in the intervention group received a home visit intervention every two weeks for three months. At 3-months post-baseline, questionnaire and Denver II screening were reused to compare these two groups. Results: Mother's depression, child rearing burden, agreement on physical punishment, and child temperament were not significantly different between the two groups. However, the percentage of depression declined only in the intervention group. Mothers in the intervention group showed higher Home Observation for Measurement of the Environment (HOME) scores than mothers in the comparison group. Conclusion: The findings of the study show that this nursing intervention is an effective parenting program. The early nursing program for mothers with infant and toddlers in poverty is effective in promoting HOME, the child rearing home environment.

대공황에 대한 고등학교 사회과 교과서 서술의 문제점과 개선방안 (The Great Depression in High School Social Science Textbooks : Critiques and Suggestions)

  • 김두얼
    • KDI Journal of Economic Policy
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    • 제30권1호
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    • pp.171-209
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    • 2008
  • 대공황은 20세기의 가장 중요한 역사적 사건 중 하나로, 현재 고등학교 사회과 교과서들은 근대 경제의 형성과 관련해서 대공황을 비중 있게 다루고 있다. 하지만 대공황에 대한 교과서의 서술들을 분석해 보면, 부실한 논리 전개나 틀린 사실의 수록, 나아가 교육적으로 부적절한 표현들을 실은 사례가 다수 발견된다. 궁극적으로는 교과서들이 제시하고 있는 대공황에 대한 목적론적 해석, 즉 자유방임주의 혹은 시장의 본원적 불안정성으로 인해 과잉생산이 초래되어 대공황이 발생하였으며, 국가개입을 통해 대공황이 해소되었다는 해석 자체가 경제사학자들의 연구 결과와 부합하지 않는다. 사회와 역사에 대한 균형 잡힌 인식의 함양이라는 사회교과의 목적을 위해서는 대공황에 대한 서술을 근본적으로 개선하는 작업이 요구된다.

System Dynamics에 의한 발전설비투자 모델개발 및 행태 분석 (Generation Investment Model Development and Behavior Analysis using System Dynamics Approach)

  • 김현실;윤용범
    • 전기학회논문지
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    • 제56권10호
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    • pp.1731-1737
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    • 2007
  • The Korea electricity wholesale market is operated under the cost-based-pool system and the government regulation to the new generation capacities in order to insure the resource adequacy. The goal of government's regulation is the electricity market stability by attracting proper generation investment while keeping the reliability of system. Generation companies must mandatory observe that government plan by now. But if the restructuring is to be complete, generation companies should not bear any obligation to invest unless their profitability is guaranteed. Namely the investors' behavior will be affected by the market prices. In this paper, the system dynamics model for Korea wholesale electricity market to examine whether competitive market can help to stabilize is developed and analyzes the investors behavior. The simulation results show that market controlled by government will be operated stable without resulting in price spike but there is no lower price because of maintaining the reasonable reserve margin. However, if the competition is introduced and the new investment is determined by the investor's decision without government intervention, the benefits from lower wholesale price are expected. Nevertheless, the volatility in the wholesale market increases, which increases the investment risks.

Listed Local State-Owned Enterprises and Environmental Performance: Evidence from China

  • TANG, Kai;BAE, Khee Su
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.255-262
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    • 2021
  • The paper examines the influence of ownership type on environmental performance of Chinese listed enterprises. China's environmental problems are attributed to the collusion between enterprises and economy-oriented local governments, which has allowed many companies to skirt environmental regulations. Especially, local state-owned enterprises (SOEs) tend to have worse environmental performance than private firms, under the wing of local governments, with whom they have a closer political connection. According to the report of the Environmental Protection Agency, currently the unacceptably poor environmental performance of local SOEs has severely hampered the realization of green economy in China. After examining the dataset of 15,996 firm-year observations from 2,688 listed firms, this paper found that, in the presence of central government supervision and personnel intervention, listed local SOEs will be forced to improve their environmental performance in accordance with standards set by the central government, which leads to better environmental performance than that of listed private firms (private firms). The result of two-stage regression also supports the conclusion. This shows increased supervision and personnel intervention from the central government can significantly improve the environmental performance of local SOEs. The research in this paper expects to make a contribution to attaining the goal of green economy in China.