• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.6
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• pp.173-180
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• 2016

This study examines the effect of firms' working capital management on their performance for a sample of non-financial companies listed on the Korea Exchange (KRX). The working capital and corporate performance are measured as the ratio of the net working capital to sales and return on assets, respectively. The results are as follows. First, there is no significant relationship between the working capital and corporate performance in the total sample. Second, the working capital is positively related to the firms' performance in the negative working capital group while the working capital is negatively related to the corporate performance in the positive working capital group. These findings indicate the existence of an optimal working capital level for firms. Third, the firms' financial constraints have no effects on the relationship between the working capital and corporate performance. This suggests that there are no interactive effects among the working capital, financial constraints, and profitability of the firms. This study implicates that managers should consider the different roles and impacts when developing an efficient working capital management strategy.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.17 no.4
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• pp.529-546
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• 2016

The aim of this study was to development a program to improve the positive psychological capital of university students and its effects. The program to improve the positive psychological capital of university students was developed based on the systemic counseling program development model. For this purpose, the program to improve the positive psychological capital was carried out a total of 6 times (90 minutes per session) once a week for 24 university students at "C"university located in Gangwon-do, which was divided into 2 groups. In this study, the data were collected through a pretest and a posttest and, data analysis was performed using SPSS 20.0 ver. Based on the results, the program to improve the positive psychology capital was effective in increasing the positive psychology capital. Finally, the implications of the results, as well as the significance and limitations of the present study are discussed.

• Asian Journal of Business Environment
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• v.4 no.2
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• pp.17-21
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• 2014

Purpose - The paper analyzes basic indicators characterizing the volume of energy sector activity in the Russian Federation, Privolzhsky Federal district, Republic of Tatarstan. Research design, data, and methodology - The study analyzed data from the Privolzhsky Federal district, specifically, industrial production volume, electricity production, energy consumption, energy-balance data, capital investments, and capital investment structure. An array of data has been investigated in recent years. The dataset's dynamics were analyzed in 1998. Fixed capital investment dynamics were studied in 1946 the figures were converted to a comparable form using the index method. Trends were analyzed using multivariate statistics methods and the Statgraphics software package. Results - Hypothesis 1. There are sectoral disproportions in energy flows,taking into account the volume of electricity production and consumption. Trends in electricity production in general coincide with industrial production volume trends. Energy flows have disparities in individual territorial units, and in general. Hypothesis 2. The degree of sectoral economic stability decreases with insufficient levels of investment in fixed capital energy organizations. Conclusions - Because totalelectricity production is largely determined by fixed capital investments, the study of their trends and patterns will coordinate efforts on investment operations in this area.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.8 no.12
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• pp.13-25
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• 1985

• The Journal of Industrial Distribution & Business
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• v.10 no.7
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• pp.59-69
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• 2019

Purpose - Unlike in the past, individualistic thought is more dominant than groupism where members prioritize organizations. Such changes run counter to the direction of the survival of the companies, which calls for companies to explore strategies to address thems. As one of the solutions, many people highlights social capital. However, since most studies have been conducted on the definition and characteristics of social capital, there is not enough prior factor research on the formation of social capital. So the current situation require researches on the formation of social capital. Research design, data, and methodology - To achieve the purpose, the literature and the empirical studies were combined. Deriving workplace democracy and servant leadership as factors affecting the formation of social capital through the literature, and this factors have modeled assumptions about the impact on social capital, and have established hypotheses to verify them. The survey which is conducted to verify the hypothesis and questionnaires are derived base on the variables used in the previous studies. The survey was conducted 447 respondents in Korea. Results - As a result, we found that the workplace democracy is positively functioning with the formation of social capital. It means that the democracy functions as a universal element to enhance the quality of social capital at the workplace. The evidence also shows that the positive impacts of the servant leadership on the formation of social capital. And the survey shows that groups with high level servant leadership had a higher impact on the formation of social capital than those with low levels leadership. Conclusions - At present, the social capital has become an important factor for the companies pursuing high performance workplaces. We found that the workplace democracy and the servant leadership affect the formation of social capital. It means that to increase the employees' sense of community and solidarity, it is need to form democratic environment with the servant leadership. Therefore, based on the results of this study, the workplace democracy and the servant leadership can present strategic implications that can increase the social capital.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.15 no.26
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• pp.159-163
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• 1992

The assumption of reinvestment rate leads to the results conflicting with the priority order of investments determined by net present worth. It has been revealed through various studies that the priority order of projects determined by the criteria based on internal rate of return is different from that determined by present worth. This study is to find out how to define reinvestment rate of return influencing the decision-making of the priority order through examining the meanings of reinvestment rate of capital and true rate of return, and to present some examples with a simple mathematical model.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.7 no.10
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• pp.53-64
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• 1984

A corporation that consisently suffers net loss accumulates negative retained earnings, or a deficit. These corporation were finally bankruptcy. The bankruptcy of corporation was not a desirable in the view of investors, creditors and other user. Therefore, the reconstruction of the deficit corporation was desirous. The reconstruction method of the deficit corporation was variety. This paper focus on the reduction on capital stock in order to reconstruct the deficit corporation.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.13 no.9
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• pp.3915-3923
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• 2012

Prior research has shown empirically that social capital is as a critical factor determining organizational effectiveness. The purpose of this study is to examine the relationship between the social capital, social workers' job satisfaction and organizational commitment in the social welfare organization. For the research, social capital was consisted of trust, norms and network. The results of this study were summarized as follows: Mean analyses showed that social workers perceived the level of social capital had a higher than medium. By using a structural equations modeling(SEM), trust and norms had a positive effect on the social workers' jon satisfaction and organizational commitment. This study finally discusses theoretical implications for future study and practical implications for social capital strategies on the results.

• Journal of the Economic Geographical Society of Korea
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• v.13 no.2
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• pp.181-195
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• 2010

The policy of industrial complexes (innovative clusters) is being changed to build the linkage structure within Mega Economic Region according to the national policy of Mega Economic Region. The aim of this analysis is to draw the hypothetical linkage structure of industrial complexes in the internal and external Capital Region. First, with the survey data of firms located in the industrial complexes, we can catch the regional linkages of firms in the local area and internal and external Mega Economic Region. Next, the measure of structural similarity between industrial complexes is calculated with the number of employees by industrial sectors. After considering the geographical distance between industrial complexes, the percentage of industrial sectors and the location quotient synthetically, the idea of hub-and-spoke type linkage structure between clusters is deduced.

• Journal of Korea Multimedia Society
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• v.18 no.11
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• pp.1408-1418
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• 2015

As the CEO`s of game companies should be ready for the rapid change of technical environment of game industry, highly skilled employees and the social capital become very important factors in doing game business. 2013 Korea Game White Paper shows that many game companies prefer employees with job experience. The social capital and network help game companies get industrial information easily. This study empirically examines the relationship among CEO`s related business experience, corporate performance and social capital based on 134 Korean game companies. CEO`s characteristics are measured by using demographic characteristics including age, amount of education, and prior job experience and psychological characteristics, but this study focuses on related business experience. The results of this study show some significant relationship between the related business experience of CEO and nonfinancial performance of the firm. Secondly, this study verifies the moderating effect of the social capital between the related business experience of CEO and non-financial performance of the firm. The results of the moderating effect of the social capital show that social capital increases the non-financial performance.