• Title/Summary/Keyword: Government funds

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The Impact of External Resources Utilization Strategies and Absorptive Capability on the Korean Small and Medium-sized Enterprises' Performance: For Electronic Components and Telecommunications Equipment Manufacturers (외부 자원 활용 전략과 흡수능력이 중소기업 성과에 미치는 영향: 전자부품, 통신 장비 업체를 대상으로)

  • Kim, Sunyoung;Lee, Byungheon
    • Journal of Technology Innovation
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    • v.24 no.1
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    • pp.1-24
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    • 2016
  • This study examined 142 electronic components, video, audio, and communications equipment manufacturers (KSIC 32) out of all the SMEs that responded to the Survey on Technology of the Small and Medium Enterprises in both 2005 and 2007 and empirically analyzed how the external resources utilization and the absorptive capability affected the management and the innovation performance in two years as well as how the absorptive capability moderated these relationships. According to the results of analysis, the external resources utilization, as measured by the technology collaboration and the governments R&D subsidies, did not have a significant impact on performance whereas R&D investment showed a positive (+) influence on the sales and R&D personnel ratio, negative (-). On the other hand, the moderating effect of absorptive capability varied by measurement method and independent variables. That is, when a technology collaboration takes place, the performance improved with the increase of R&D investment but R&D personnel ration had an opposite effect. The companies whose performance improved as the government R&D subsidies increase are those with low R&D investment or high R&D personnel ratio. These results demonstrate that the SME's external resources utilization cannot replace the internal and that the absorptive capability needs to be accumulated to maximize the effectiveness of external resources utilization. Also, the technology collaboration requires SME's aggressive investment in R&D and the government R&D subsidies turn out to be more helpful for the companies that already have the R&D personnel but have been unable to develop their own technology due to insufficient funds. This study has limitations in that it was conducted within the limited industry categories and samples, but has overcome those of the existing researches by identifying causal relationships through the use of longitudinal data.

Analysis on the Perception of Beauty-Agriculture Convergence Industry Development Potential -Focusing on employees in the senary industries of Jeju Special Self-governing Province- (뷰티산업과 농업농촌의 융복합 산업발전 가능성 인식연구 -제주특별자치도 6차산업 종사자를 중심으로-)

  • Kim, Min Jeong
    • Journal of the Korea Convergence Society
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    • v.8 no.10
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    • pp.371-383
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    • 2017
  • This study investigated the perception of beauty-agriculture convergence industry for businesses in senary industries in Jeju Special Self-governing Province. Currently this area is in the stage right before the suggestion of a convergence-based win-win industrial development model. The ultimate goal is to provide basic data to beauty-agriculture convergence industries. Agricultural products are used as main ingredients in the cosmetics industry and recently, farmers have been focusing on certain areas of the beauty industry, such as the internal production of beauty products and the attraction of customers. According to a comparative analysis on the beauty-agriculture convergence industry between employees and non-employees, a statistically significant difference was found in the following: Possibility of creating high profits, personal interest in the beauty industry and the possibility of utilizing natural resources. In terms of the reasons for beauty-agriculture convergence industry development potential such as added value, leading industry, product competitiveness, aesthetic lifestyle and market size, as well, a significant difference was found. In the perception of the necessity of government supports such as financing, facilities, technology, education and PR marketing, no significant difference was observed. Since creative and diverse contents are needed for beauty-agriculture convergence, high-quality technical support and continuous education are essential. Therefore, diverse government supports including funds and facilities are needed.

A Study on Efficiency Analysis of the National Research Council of Science & Technology's Convergence Research Projects according to the Qualitative Value Evaluation: Based on the KBSI's case studies Using DEA (국가과학기술연구회 융합연구사업의 연구성과에 대한 질적가치평가에 따른 효율성 분석: DEA를 활용한 한국기초과학지원연구원의 사례를 중심으로)

  • Yuk, Hyounggab;Pae, Kibong;Kang, Daeseok
    • Journal of the Korea Convergence Society
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    • v.11 no.11
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    • pp.283-291
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    • 2020
  • The purpose of this study is to analyze the relative efficiency of the research results of the convergence research project (CAP, Convergence Research Center) and general trust research project under the auspices of the NST, as the qualitative assessment of the government's R&D investment has recently been emphasized. To achieve this objective, DEA, which is widely used for the relative efficiency of research results, was used. The analysis targets were focused on the case of the KBSI, and the quantitative assessment of the number of papers and patent applications using net research and labor costs as input indicators for the DEA was compared and analyzed through IF of the paper and SMART3 of the patent. The analysis results showed that convergence research projects were highly efficient from a qualitative perspective in terms of CCR standards and BCC standards. This suggests that convergence research is being conducted at a higher level than general entrusted research. As a result of this study, we would like to present the criteria for qualitative assessment, which the government has recently emphasized, and expand this study to provide implications for planning policies and research tasks for rational R&D investment choices for human resources and research funds by assessing the efficiency of qualitative perspectives on all institutions in the future.

Study of Startup Policy of Government Research Institute through Importance-Satisfaction Analysis of ETRI Pre-Startup Support Program (ETRI 예비창업지원 프로그램의 ISA 분석을 통한 출연연 기술창업 성과 제고 정책 연구)

  • Gil, Wungyu;Sim, Yongho;Kim, Seokyun
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.11 no.5
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    • pp.45-56
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    • 2016
  • According to attended about startup, there are many policy and program for activating of startup. Government's policy and program was scale up and arrangements for high quality. Nevertheless, policies and programs are concentrated on ante-startup stage. And experts have questioned that effect. So, there are needed a program focusing pre-startup and incubation stage. Accordingly, this study propose a kind of educative program named Pre-Startup Support Program. Through the program, pre-startup teams or entrepreneurs will inspect items, business skills and surroundings of market and competitors. And they have a time for complementation of deficiency. This study selects ETRI spin-off(research based spin-off born ETRI) by means of an object of study. ETRI's programs are started in 2011 with intent to incubate the entrepreneur through market research, mentoring, space of incubation and funds. This study analyze using the ISA(Important-Satisfaction Analyze) and the regression. We classify the pre-startup support program using the ISA. And then, we analyze the influence of satisfaction using the regression. On the basis of results, we identify the effectiveness of pre-startup support program and propose plans for reinforcement. In conclusion, adopting a pre-startup support program is expected to success of startup.

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A Directional Distance Function Approach on the Efficiency of Chinese Commercial Banks (방향성거리함수를 이용한 중국의 상업은행 효율성 분석)

  • Hwang, Ryeon-Hee;Kim, Seong-Ho;Lee, Dong-Won;Nam, Doo-Woo
    • Journal of Korea Society of Industrial Information Systems
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    • v.17 no.2
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    • pp.81-94
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    • 2012
  • On December 11, 2001, China joined the WTO and became one of the member countries and the Chinese financial markets had to be open in 5 years. So, the Chinese government transformed national commercial banks into joint-stock banks. The purpose of this paper is to investigate the validity of this decision by the Chinese government. In order to measure the efficiency of banks, the directional distance function (DDF) methodology is used, which analyzes whether a bad output exists in the outputs. In the empirical analysis, the number of staffs, the fixed assets, and the equity capital are used as inputs, while the loans and the non-performing loans ratio are used as a good output and a bad output, respectively. The non-performing loans ratio is included in output since it could affect the efficiency of banks. If it isn't considered in the analysis, a distortion might occur in analyzing the efficiency of banks. The results show that the efficiency of the major commercial banks was improved, and that the efficiency of joint-stocks banks was higher for 2002-2003 while the efficiency of national commercial banks was higher for 2004-2006. It was due mainly to the foreign exchanges reserve funds injected into national commercial banks by the Chinese Ministry of Finance, and as a result bad assets were eliminated.

Topography of Post-Genomic Researches in Korea: Governance and Institutional Polymorphism (포스트게놈 시대의 국내 유전체연구 현황: 한국적 거버넌스의 제도적 다형성 연구)

  • Lee, June-Seok
    • Journal of Science and Technology Studies
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    • v.15 no.1
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    • pp.145-180
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    • 2015
  • Human Genome Project was a big science done by United States, U.K., France, China, Germany and Japan. But in Korea HGP was not constructed because of lack of governmental funding and failure to attract relevant actors' attention in spite of small voices from early genome researchers and some family members of patients with incurable diseases. This article does not argue that HGP in Korea was an undone science, a concept claimed by Scott Frickel, et al. Instead, it shows the historical fact that HGP was not constructed in Korea in 1990s and analyzes how genomic researches could become possible in Korea in the post-genomic age using the framework of triple-helix. In Korea, researchers have constructed hybrid networks and organizations that intermingles laboratories of university, industry, and government to conduct genomic researches which requires a lot of financial funding. This structure is different from the entrepreneurial university seen in developed countries such as the United States. Using two examples, this article shows that founding a start-up company by university researchers was not an option as in the United States, but a necessity in order to obtain enough funding to conduct genomic researches in Korea. Otherwise, researchers in Korean universities had to form hybrid networks with government to obtain small amount of funds to conduct researches. I argue that this phenomenon shows multifaceted characteristics of institutional structures regarding genomic researches in Korea.

A Study on the Regional Policy for Promoting the Creation of Technology Based Innovation Firms (기술혁신형 중소기업의 창업환경 조성방안)

  • Lee, J.H.;Bae, B.Y.
    • 한국벤처창업학회:학술대회논문집
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    • 2008.04a
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    • pp.33-59
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    • 2008
  • Since the late 20th century, due to the globalization of markets and the rapid developments of information and communication technologies, the world has entered into the age of fierce competition. With their abundant low-cost labor, former communist countries such as China, Russia and East Europe and low-developed countries such as India and Brazil have received investments from major industrial companies. There are no other alternatives for Korea and OECD countries to move the industrial economy to the knowledge based innovation system. In knowledge based innovation system, economic development and employment of a region and nation depend solely on the number of its companies and their competitiveness. In this research, after reviewing the current state of technological innovation small companies in korea, we provide a theoretical framework to promote the level of technological innovative entrepreneurship. The framework is based on a value system model that consist of supply factors, demand factors, and supporting institutions. In order to create more innovative small businesses, we insist on the followings. First, more R&D activities related with promising new technologies should be performed. Second, more R&D funds for technological innovation small companies should be provided from governments. Third, more M&A transactions and technology transactions should be marketed freely and competitively. Fourth, more business incubating services and venture capital services should be provided. Fifth, entrepreneurship and innovation culture should be popular and institutionized among people.

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The limits in legislating and the methods for improving the current 'National Guidelines on Anti-Terror Activities' (현행 '국가대테러활동지침'의 문제점과 입법적 개선방안에 관한 연구)

  • Kim, Soon-Seok;Shin, Jae-Chul
    • Korean Security Journal
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    • no.20
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    • pp.95-117
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    • 2009
  • Ever since the 9/11 terror attack, all the world has perceived the need and taken actions to make an anti-terror law, however The Republic of Korea has not yet come up with any relevant output. Currently, the Korean government apportions duties to each related government agency and sets up systems for cooperation among them to make preparations against and cope with terror threats, according to The National Guidelines on Anti-Terror Activities (the presidential directive number 47 given on January 21, 1982). However, the directive has many limits and shortcomings in coping with national emergencies. In this situation, this research aims to compare the national anti-terror laws of others countries with Korea's, in order to understand the problems in Korea, i.e., that The National Guidelines on Anti-Terror Activities, which are the only anti-terror regulations in Korea do not clearly describe the concept and range of a terror, that national anti-terror meetings and the anti-terror standing committee have problems with their operation, that the Terrorism Information Integration Center has also its own problems, and that Korea lacks in preparatory actions against terror crimes and there are still problems about investigations into terror incidents. In order to solve these problems for the future, the present author suggests that the purpose of the law on The National Guidelines on Anti-Terror Activities shall be re-established so as to meet the current anti-terror conditions of Korea, the concept of a terror and anti-terror activities shall be clarified, anti-terror organizations shall be unified, the chair of the anti-terror standing committee shall be appointed legally and automatically according to the relevant rule and be given more rights so as to have free access to private information for anti-terror activities and terror-related information, and systems shall be supplemented for reporting terror-involved persons and funds.

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Educational Environment and the Quality of Life in Goryeong-gun (고령군의 교육환경과 삶의 질)

  • Cho, Chul-Ki
    • Journal of the Korean association of regional geographers
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    • v.14 no.4
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    • pp.328-346
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    • 2008
  • This study is to examine educational environment in Goryeong-gun and the meaning and limit of educational qualitative improvement which it carries. Goryeong-gun has experienced the natural and social decrease of the number of students. So The number of school has continually decreased and more and more educational environment has been poor. Hence, firstly Goryeong-gun thought qualitative educational improvement of a source of regional development and established its committee for education development. They made funds from local government and community and has invested them with educational improvement and scholarship. Especially, Core educational policies in Groyeong-gun are in establishment of distinguished school, Daegaya public institute, and municipal reading room etc.. This educational policies are gradually taking a positive result and becoming competitive power of this region. But on the other hand new tension and conflict, trouble between local government and schools, difference of educational benefit has appeared through practice of these policies, Therefore, Now the qualitative improvement that is guaranteed educational equability within local community is required as new tasks.

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Development of the Housing Business Model to Minimize the Fluctuation Risk of the Housing Market (주택시장 변동리스크를 최소화하기 위한 주택사업모델 개발)

  • Lee, Younghoon;Lee, Sanghyo;Kim, Jaejun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.10
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    • pp.635-646
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    • 2016
  • This paper proposes a housing business model, where the presale and Chonsei housing are supplied under a presale system at the same time based on the characteristic correlation between the housing presale market and Chonsei market in Korea. Markowitz portfolio theory was used to review the risk diversification effects from the changes in the ratio between the presale housing supply and the Chonsei housing supply. The housing sale price indicator was used as a proxy variable to determine the presale housing supply. The housing Chonsei price indicator was used as a proxy variable to determine the Chonsei housing supply. The proposed housing business model was applied to major areas in Korea to examine the risk diversification effect. Comparisons of the regional portfolio analyses showed that the flexibility of the proposed housing business model can be quite effective because each regional housing market exhibits different characteristics. Market participants, such as developers, construction companies, consumers, and government, can expect various effects through the proposed housing business model. Nevertheless, policy support is necessary for practical applications of the proposed housing business model. In particular, public funds from the government need to be introduced.