• Title/Summary/Keyword: Government Support

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An Analysis of the Determinants of Government-Funded Defense Companies using a Decision Tree (의사결정나무를 활용한 방산육성지원 수혜기업 결정요인 분석)

  • Gowoon Jeon;Seulah Baek;Jeonghwan Jeon;Donghee Yoo
    • Journal of the Korea Institute of Military Science and Technology
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    • v.27 no.1
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    • pp.80-93
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    • 2024
  • This study attempted to analyze the factors that influence the participation of beneficiary companies in the government's defense industry promotion support project. To this end, experimental data were analyzed by constructing a prediction model consisting of highly important variables in beneficiary company decisions among various company information using the decision tree model, one of the data mining techniques. In addition, various rules were derived to determine the beneficiary companies of the government's support project using the analysis results expressed as decision trees. Three policy measures were presented based on the important rules that repeatedly appear in different predictive models to increase the effect of the government's industrial development. Using the analysis methods presented in this study and the determinants of the beneficiary companies of the government support project will help create a sustainable future defense industry growth environment.

The Effect of Government Support on Management Performance of ICT Venture Companies : Focusing on the Effectiveness of Funding and R&D Support (정부 지원이 ICT 벤처기업의 경영 성과에 미치는 영향 : 자금 및 연구개발 지원 효과를 중심으로)

  • Chung, Do-Bum;You, Hwasun
    • Journal of Technology Innovation
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    • v.29 no.3
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    • pp.63-90
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    • 2021
  • Today, venture companies are increasingly important in that they play a key role in national economic growth. However, ICT venture companies are having great difficulties in securing a sustainable competitive advantage due to rapid environmental changes, and as one of the ways to solve this problem, they rely on the government's support policy. Accordingly, this study analyzed the effect of government support on management performance of ICT venture companies. For empirical analysis, the data from the 2016 ICT venture panel survey was collected, and 687 and 538 companies were selected to analyze the effect of funding and R&D support, respectively. Then, through propensity score matching, companies that received government support and companies with similar characteristics (control group) were compared and analyzed. As a result of the analysis, it was found that funding support had a significant effect on the growth potential of ICT venture companies, and R&D support had a significant effect on the stability of ICT venture companies. This means that there is a difference in management performance of ICT venture companies depending on the type of government support. Through this study, it was possible to confirm the effect of government's policies, and various support policies for specific purposes should be pursued to foster ICT venture companies. In addition, for the continued growth of ICT venture companies in the future, it will be necessary to consider package (technology, management, commercialization, etc.) support rather than individual funding support or R&D support.

A Study on the government's support policy to cooperatives (협동조합에 대한 정부의 지원 정책 연구)

  • Kim, Byung-Chul
    • Journal of Digital Convergence
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    • v.13 no.2
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    • pp.83-89
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    • 2015
  • In 2012 many cooperatives have been establishing operations with the enactment of the Basic Law Cooperative. This study was carried out with Government support formed arround cooperatives by focusing on international practices, and the Korea Case. The purpose of this study is to derive what is important in the support of the government for future cooperatives.

An Analysis on the Export Promotion Policies for the Small and Medium Enterprises in Gyeong Buk Province (경북지역 중소기업 수출지원정책 및 제도 활용 실태분석)

  • Lee, Hee-Yong;Yeo, Taek-Dong
    • International Commerce and Information Review
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    • v.11 no.1
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    • pp.353-378
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    • 2009
  • This paper intends to analyse the export assistance programs for SMEs(Small and Medium-Sized Enterprises) located in Gyeongsangbuk-do Province as well as to suggest export promotion policy for the local government. In order to accomplish these objectives, the present paper makes an extensive survey about export-support programs conducted by Gyeongsangbuk-do Province. The survey was rigorously made to evaluate export-support programs taken by the provincial government of Gyeongsangbuk-do and the regional firms' awareness about them. The paper utilized SPSS for empirical analysis. The frequency analysis was used to know the precision of data and its general features. The Crosstabulation Analysis was also used to evaluate firms' recognition about export-support programs and their practical use, satisfaction and relationships with the characteristics of enterprises. The results show that the local government must effectively systematize export support programs and develop export-support programs customized for the characteristics of enterprises in Gyeongsangbuk-do.

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A Study on the Effectiveness of Government Export Supports for SMEs : Based on Export Maketing Support Program in South Korea (중소기업 수출지원제도 실효성 연구 - 한국의 수출마케팅 지원프로그램을 중심으로 -)

  • Kim, Hag-Min;Lee, Ho-Hyung;Ahn, Ji-Jung
    • International Commerce and Information Review
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    • v.11 no.4
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    • pp.153-182
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    • 2009
  • This paper intends to increase the performance of export support programs for small-to-medium sized firms promoted by Korea government. A research construct is suggested for effective government support program targeted on the global marketing capability. The data is collected from the firms received the support more than once by Korean governments. The results are shown as follows. First, it is found that those firms who have high propensity to be involved in export business have shown high performance. Second, the firms with high global marketing capability have shown good performance. To be more specific, organizational commitment, strategic initiative, business differentiation, and market knowledge for target markets are found to be critical factors in successful export support program. The business differentiation strategy in target market is very critical. Finally, the degree of program management effectiveness is found to be important in high performance firms. It means that for those firms, much more advanced programs need to be developed. The government should develop diversified programs by considering the degree of global marketing capability.

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Analysis on the Outcomes of Supporting SMEs Project by Busan Regional Intelligent Machine Parts Industry (부산지역 지능형기계부품산업 기업지원사업에 대한 성과분석)

  • Lee, Dong Gu;Rye, Je Doo;Nam, Keon Seok;Ha, Kyoung Nam
    • Journal of the Korean Society of Industry Convergence
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    • v.21 no.3
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    • pp.117-123
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    • 2018
  • Continued R&D investment by the government and corporate support played a major role as the background of the rapid growth of the Republic of Korea. In 2017 of the Republic of Korea, the R&D support size of the government accounted for 19.7 trillion won, accounting for 4.7% of the government budget. Government R&D budgets are increasing by 2.5% each year. In this paper, we analyzed the outcomes of the Busan regional company support project conducted in the 2 years. For the time series analysis, we gathered company support amount by year, sales after company support, employment. We used IBM SPSS(Statistical Package for the Social Sciences) statistics 18 for correlation analysis.

Influence on Health Promotion Behavior among Government-funded Research Institute's Employee according to Perceptive Health Status and Social Support (정부출연 연구기관 종사자의 지각된 건강상태와 사회적 지지가 건강증진행위 실천에 미치는 영향)

  • Kim, Ji Hyun;Park, Sook Kyoung
    • Korean Journal of Occupational Health Nursing
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    • v.24 no.4
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    • pp.270-280
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    • 2015
  • Purpose: The purpose of this study was to examine the relationship among perceived health status and social support to identify the influencing factors of health promotion behavior in government-funded research institute's employee. Methods: The participants were 222 employees in three government-funded research institute. Questionnaires were used to measure the levels of the perceived health status, social support and health promotion behavior. The data were analyzed using descriptive statistics, t-test, ANOVA, Pearson's correlation, multiple regression, and the IBM SPSS/WIN 19.0 program. Results: The predicting factors for health promotion behavior were age, smoking, perceived health status and social support. The variables explained the health promotion behavior by 34.3%. Conclusion: A survey of the various influencing factors of health promotion behavior will be required and social support system for government-funded research institute's employee is needed.

A Study on the Effect of Government Support on the Innovation of Defense Industry: Evidence from Korean firms (방위산업 혁신에 대한 정부지원 효과에 관한 연구: 우리나라 방산기업을 중심으로)

  • Kong, Hee-Jung;Bong, Kang Ho;Park, Jaemin
    • Journal of Digital Convergence
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    • v.18 no.1
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    • pp.1-10
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    • 2020
  • In this study, an empirical analysis using Difference-in-Difference(DID) methods was conducted based on the data of domestic defense companies to look at the impact of government support on the performance of these defense industries. As a result, we found that the volume of sales and assets of defense enterprises does not increase or decrease solely on the benefit of government support. In addition, government support for net profit to total sales ratio and net profit to total assets ratio improved significantly, but the effect was only seen in the short term. Unlike previous studies that focused on identifying the existence of differences between industries, our research is different in that it is the first to analyze empirically within the Korean defense industry. It is also theoretically meaningful in that it looked at the effects of government support, especially in industries with unique characteristics that have yet to be known.

A Study on Priority of Innovation Activity, Business Performance and Maximization Factors of SMEs. (중소기업의 혁신활동과 사업성과 극대화 요인의 우선순위 연구)

  • Kim, Chi-Kook
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.2
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    • pp.436-446
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    • 2018
  • The purpose of this study is to examine the priorities of innovation activities, business performance, and maximization factors of SMEs. Support programs for each government department are operated by various industries. Various supports, including subsidies, grants, marketing, planning, and education, are provided to each company. Therefore, this study aims to analyze and identify the priorities of innovation activities that have a positive effect on business performance. The efficacy of the proposed model and the psychometric properties of structure were analyzed using the analytic hierarchy process (AHP). The hierarchical structure of corporate innovation activities are composed of 'R&D' and 'government support', and 'Inside R&D, Outsourcing R &D, Consortium R&D'. As a result of analyzing companies that received more than one type of R&D government support, it can be seen that 'government support' (72.1%) is more important than 'research and development' (27.8%). In addition, this study found key sub-factors loadings including Assistant Support (30.1%), Tax Support (22.7%), Funding Support (18.8%), Inside R&D (10.8%), Outsourcing R&D (10.3%), and Consortium R&D (7.2%). Analysis results suggest that the priorities of detailed innovation activities of R&D and government support affect product innovation and process innovation, which in turn, influence business performance and maximization of SMEs. This implies that SMEs who want to participate in the government support project will be helpful in setting the direction of innovation activities. This study also suggests the importance of strategic priorities among the decision elements for CEOs.

A Study on Policy Proposal for Senior Start-up and Marketing Strategies for Entrepreneurs (시니어 창업의 정책 제안과 마케팅전략 구축 방안에 관한 연구)

  • Yun, Jeong-Keun
    • Journal of Distribution Science
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    • v.11 no.1
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    • pp.55-63
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    • 2013
  • Purpose - As the members of the baby boomer generation have retired in earnest, the start-up market has received more attention than ever before. According to recent statistical data, an increasing number of entrepreneurs are in their fifties. There has been a continuous increase in promotional materials on small business issues published by start-ups. This means that senior start-ups have increased in number. A number of support systems have been established for youth start-ups, but there are few government support policies in place for the senior start-up market. Thus, this study suggests a number of constructive alternatives from the perspective of government policy and marketing strategy for entrepreneurs, in order to generate competitiveness in the start-up process, through examining the current state of the senior start-up and by diagnosing extant problems. Research design, data, methodology - This study gives a number of options regarding the government's support policies and the securing of competitiveness in order to vitalize senior business start-ups. As for the government's support policies, funding support policy, publicizing business start-up policies, and operating systematic mentoring policies before retirement have all been covered. In particular, in order for senior business start-ups to become competitive, development through mutual relations with diverse policies is urgently needed. The aging population is becoming an issue in Korea, so businesses for the aged, and the creation of jobs for these people, will become a social issue. Senior business start-ups are playing an important role in expanding enterprise productivity, in addition to enhancing national competitiveness. Expanding senior business start-ups is important, because they also serve to expand the national infrastructure. Productivity increase through continuous expansion is thus recommended. Results - In order to expand the competitiveness of business start-ups, marketing-related observations and learning in regard to customers are necessary for the baby boomer generation, and competitiveness for seniors is urgently needed. Conclusions - Studies on the business start-up policies for the domestic baby boomer generation are almost non-existent, and systematic studies on small businesses are necessary. Only the government is providing statistical studies for small businesses, and such research remains at a general level for entrepreneurs. Therefore, a support system that can actually assist entrepreneurs is essential. Continuous business start-up studies with respect to the baby boomers should be vitalized, to invigorate studies on competition. In order to supplement and strengthen foundational support, senior business start-ups must develop various competitive capabilities with a focus on the customer. The government and the various stakeholder agencies and organizations involved with start-up businesses must find ways to offer support to founders. Such support should include access to knowledge and legal and consultancy services in order to incubate the rapid increase in start-ups founded by seniors. Government support projects should be expanded to meet this end.

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