• Journal of Korea Society of Industrial Information Systems
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• v.28 no.1
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• pp.71-82
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• 2023

As an alternative to solving social problems, social economic actors are attracting attention as an important alternative. SPC is a private program that pays incentives according to the social performance measured by monetary value. This study measured efficiency by applying DEA to social enterprises that participated in the SPC program and analyzed the factors affecting efficiency through tobit regression. As a result of DEA analysis, it was found that 21% of social enterprises participating in SPC were efficient, but 66% needed to improve their efficiency. In the Tobit regression analysis, the efficiency was relatively low in the case of manufacturing sector, and when the square term of sales is included, the efficiency decreases as sales increase. Through this, it was estimated that external support is needed at a low level sales before crossing the critical point, and that the efficiency of social value creation increases when it grows above a certain level. Moreover, it is significant in that it combines the variables used in the analysis of traditional industrial efficiency while conducting efficiency analysis focusing on the social performance by monetary value, which is considered the most important achievement of social enterprises. It is believed that it will contribute to research related to the environment creation and the requirements of each field in creating social values for social enterprises in the future.

• Proceedings of the Korea Society of Information Technology Applications Conference
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• 2002.06a
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• pp.145-145
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• 2002

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.9 no.1
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• pp.153-164
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• 2014

This study is to investigate the effects of intangible assets such as research & development, education & training and advertisement on firm values of high-technology firms and low-technology firms listed in the KOSDAQ market, and to analyze the value-relativeness between the audit quality of companies and the expenditure of intangible assets. The substitute measurement of firm values is Tobin's Q model. The sample period for positive analysis is from 2003 to 2008, and the samples, excepting for financial business, are manufacturing companies of closing accounts corporate on December, based on companies of KOSDAQ that are listed in security. Finally, data from about 305 companies are used in this analysis. Followings are the results of the analysis. First, research & development, education & training of high-technology firms have an effect on firm values, and education & training of low-technology have an effect on firm values. Second, we find that audit quality(BIG4) increases the value relevance of R&D expenditures of high-technology firms and audit quality(BIG4) increases the value relevance of education & training expenditures of low-technology firms. This paper is meaningful in that it verified the value-relativeness of cost of intangible assets compared with high-technology firms to low-technology firms.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.25 no.3
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• pp.649-664
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• 2015

Recently, the risk of security incidents has been increased due to change of IT environment and development of new hacking methods. Event study methodology that measures the effect of a specific security incident on the stock price is widely adopted to analyze the damage cost of security incidents on market value. However, analysis of company's temporary stock price change is limited to immediate practical implication, and reputation loss should be considered as a collateral damage caused by security incidents. We analyzed 52 security incidents of listed Korean companies in the last decade; by refining the criteria presented by Tobin's q, we quantitatively showed that the companies has significantly higher reputation loss due to security loss than the other companies. Our research findings can be used in order that the companies can efficiently allocate its resource and investment for information security.

• (The) Korean Journal of Advertising
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• v.27 no.4
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• pp.71-90
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• 2016

Managers of firms often wonder whether advertising expenditure is a mere expense or an investment with foreseeable future returns. When top management makes a decision on the level of advertising expense, it must consider whether an increase in advertising spending will positively affect brand loyalty and the increased brand loyalty will positively affect profitability and firm value. We investigate the industry-specific effects of advertising spending on marketing and the effect of loyalty on financial performances using top companies in Korea, specifically, 184 firms' data from year 1998 to 2014. The empirical results of a fixed effect model indicate that the effects of advertising on customer satisfaction index and loyalty on the firms' financial performance are positive. In service industry, unlike manufacturing industry, advertising has a significantly positive effect Brand Loyalty. In addition, Brand Loyalty had positive impacts on ROA and ROE as profitability index, and Tobin's q, a market-value index. The research results suggest that advertising in service industry should be considered as customer satisfaction investment and the increased Brand Loyalty as a profit for present and a business investment for the future respectively.

• Proceedings of the Korea Information Processing Society Conference
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• 2009.11a
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• pp.737-738
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• 2009

IT 환경이 급속도로 발전해 가고 있다. 기업 내에서 생성 및 보관되는 데이터의 양은 시간이 흐름에 따라 급격히 증가하고 있으며, 기업의 의사결정에 중요한 데이터의 가치는 변화를 거듭한다. 데이터의 증가는 곧 그것을 관리하는 비용의 증가를 불러오고, 방대한 데이터 속에서 진정한 정보의 가치를 창출하는 것이 어려운 상황에 직면해 있다. 이러한 기업의 비즈니스 프로세스에 맞춰 효과적인 ILM(Information Lifecycle Management)의 구현은 반드시 필요하다. 본 연구는 데이터의 가치를 보다 효과적이며 비용 효율적으로 사용할 수 있는 ILM의 구현을 위해 Database 기반의 Archiving System 구축 방법론을 제시하고 이를 바탕으로 실제 ILM이 구현된 기업의 구축 효과 및 성능 평가를 통해 그 타당성에 대하여 연구하는 것을 그 목적으로 한다.

• Proceedings of the Korean Institute of Communication Sciences Conference
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• 2006.07a
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• pp.664-664
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• 2006

• the USERS
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• s.49
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• pp.27-29
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• 2006

오늘날의 모든 비즈니스는 IT로 부터 얻을 수 있는 가치 제고, IT를 통한 지속적인 업무 혁신 그리고 IT 사용자의 고객 만족도 향상이라는 근본적인 이슈들에 직면해 있다. 이러한 비즈니스 환경 하에서 IT조직은 IT의 가치를 스스로 증명해야 하고, 비용을 절감해야 하는 동시에 서비스 수준을 향상 시켜야 하는 지속적인 압박을 받고 있으며, 이는 기업 내부 및 외부적인 여러가지 요인들로부터 기인한다.

• International Commerce and Information Review
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• v.17 no.3
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• pp.279-298
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• 2015

This study is intended to grope for a way of strengthening the independent competitiveness of Korean design industry by deducing objective value evaluation factors in design and by closely examining what relation these factors have with the competitiveness of design-specialized company in global markets in order to reinforce the qualitative value system of design, and in order to strengthen the industrial competitiveness of design. First of all, this study defined the objective evaluation factors in design as the quantification of measurement evaluation, the consistency of process, the compatibility of project, and logical persuasiveness, and defined the competitiveness factor in design-specialized company as the reliability and service quality of company, and established a research model. According to the results of test, most of hypotheses were accepted. However, it was understood that the quantification of evaluation didn't have direction effect on the service quality of design-specialized company.

• Journal of the Korea Convergence Society
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• v.12 no.6
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• pp.173-181
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• 2021

In previous research, large companies were analyzed to focus on their past management performance and patent rights, but in this study we looked at the variability in future sales of small and medium-sized enterprises with patents through empirical analysis. We looked at how the quantitative and qualitative value of patent rights affect management performance of company. We used 'the number of patents' as the quantitative value of patents, 'the average score of patents' as the qualitative value of patents, and the average sales growth rate as the management performance of company. Through a discriminant analysis using the statistical program SPSS, both independent variables used in this study were significant for distinguishing between companies with an average growth in sales more than twice that of general small and medium-sized enterprises and those with less than twice the average sales growth rate. Therefore it is meaningful to provide stakeholders with an analysis framework on how sales will change in the future using the results of this study during guarantee or loan screening for small and medium-sized enterprises with patent rights.