• Title/Summary/Keyword: Internal R&D

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The effect of R&D investment in Chinese private firms on firm performance and value: The moderating effect of ESG score (중국 민영기업의 R&D 투자가 경영성과와 기업가치에 미치는 영향: ESG 성과지수의 조절효과)

  • Youngsoo Park
    • Analyses & Alternatives
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    • v.8 no.2
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    • pp.87-115
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    • 2024
  • This study examines the effect of R&D investment on firm performance and value of Chinese private firms. Through R&D investment, firms aim to acquire knowledge and technological resources to create innovation and competitive advantage, which ultimately enhances firm performance and value. However, unlike other investments, R&D investments are characterized by high adjustment costs and risks, uncertainty and asymmetric information. In addition, the effect of R&D investment on firm performance and value has been shown to be mixed results due to various internal and external contextual factors. Therefore, this study intends to consider how the ESG activities of firms, which have recently attracted attention, act as a contextual factor in the results of R&D investment. This is because interaction with stakeholders through ESG activities is considered to be an important factor in securing competitive advantages and sustainable growth. In this context, this study measures the effect of a firm's R&D investment on its business performance by dividing it into financial performance and value, respectively, and examines the moderating effect of ESG score on the relationship. Based on empirical analysis of all Chinese private firms from 2010 to 2019, the results show that a firm's R&D investment has a negative impact on performance and a positive impact on value. Furthermore, a high ESG score of private firms positively moderates each relationship, emphasizing the importance of ESG activities.

CPFD Simulation of Bubble Flow in a Bubbling Fluidized Bed with Shroud Nozzle Distributor and Vertical Internal (CPFD 시뮬레이션을 통한 Shroud 노즐 및 수직 구조물이 설치된 기포 유동층 반응기 내에서의 기포 흐름 해석)

  • Lim, Jong Hun;Bae, Keon;Shin, Jea Ho;Lee, Dong Ho;Han, Joo Hee;Lee, Dong Hyun
    • Korean Chemical Engineering Research
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    • v.54 no.5
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    • pp.678-686
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    • 2016
  • The effect of internal and shroud nozzle distributor to bubbling fluidized beds which has the size of $0.3m-ID{\times}2.4m-high$ column was modeled by CPFD (Computational Particle-Fluid Dynamics). Metal-grade silicon particles (MG-Si) were used as bed materials which have $d_p=149{\mu}m$, ${\rho}_p=2,325kg/m^3$ and $U_{mf}=0.02m/s$. Total bed inventory and static bed height were 75 kg and 0.8 m, respectively. Effect of vertical internal on the bubble rising velocity was investigated. Bubbles were split by internal when the axial position of the internal from the distributor, z = 0.45 m. Bed pressure drop and axial solid holdup were not affected by internal. However, in the case that axial distance of internal from distributor was too close to jet penetration length, bubbles were not separated and bypassed internal, and faster than without internal or z = 0.45 m.

Constructing a Performance Evaluation Model of an R&D Module in Quality Management System Using QFD (QFD를 이용한 품질경영 시스템의 개발모듈에 대한 이행도 평가모형)

  • 류문찬;우성권
    • Journal of Korean Society for Quality Management
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    • v.30 no.2
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    • pp.1-10
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    • 2002
  • A performance evaluation model of an R&D module in the quality management system for M Company Is constructed using QFD. The company produces telecommunication devices and employs the performance evaluation model based on ISO 9000 family. However, the model has some problems, one of them is that all check items are regarded as equally important Customer requirements are gathered from internal customers and QFD is utilized to obtain weights for each check item.

The Effect of Internal Nail-holes on the Bending Strength of Particle Board (못접합에 의한 내부천공이 삭편판(PB)의 휨강도에 미치는 영향)

  • So, Won-Tek
    • Journal of the Korea Furniture Society
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    • v.19 no.3
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    • pp.211-218
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    • 2008
  • This experiment was carried out to investigate the effect of internal holes on the bending strength of PB. The diameters of holes are 0mm to 13mm. The locations of holes are 1/8 to 4/5 point horizontally from sample end and are 1/5 to 4/5 vertically from sample surface, the numbers of holes are 1 to 4 pcs. In the size of internal holes, the bending strengths of PB were decreased significantly with the increase of diameter of holes, and the relationship between diameters(D) of holes and bending strength (${\sigma}_b$) of PB was ${\sigma}_b=-11D+168.8$ ($r^2=-0.99^{**}$). The effects of hole-locations and hole-numbers on the bending strengths of PB were large. and so they should be considered as major factors for the jointing design of PB.

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The Analysis of Internal & External Stabilities and Factors for D.C.M Design (DCM 설계에서 주요 인자의 결정과 내.외적 안정해석)

  • Lee, Choong-Ho;Jung, Seung-Yong;Han, Sang-Jae
    • Proceedings of the Korean Geotechical Society Conference
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    • 2009.09a
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    • pp.793-808
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    • 2009
  • This paper presents procedure and prediction method of internal and external stabilities when designing D.C.M, with main factors to be considered, such as chemical reaction of additive, physical properties of stabilized body and mixing strength. Results show that through case studies, a design unconfined compressive strength of stabilized body (hereafter referred to as 'compressive strength') directly depends on the quantity of cement, which is decided by laboratory test, and the compressive strength enormously affects internal and external stabilities. So laboratory mixing test to obtain the compressive strength for design allowable stress should be given careful considerations.

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Stability of High Internal Phase Emulsions

  • Park, C.I.;Cho, W.G.
    • Journal of the Society of Cosmetic Scientists of Korea
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    • v.25 no.4 s.34
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    • pp.65-74
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    • 1999
  • We have studied the stability of W/O high internal phase emulsions(HIPE) containing water, cetyl dimethicone copolyol and oils varying magnesium sulfate in the range 0 to 0.5 wt% and oil polarities, respectively. The rheological consistency was mainly destroyed by the coalescence of the deformed water droplets. The greater the increase of complex modulus was, the less coalescence occurred and the more consistent the concentrated emulsions were. The increasing pattern of complex modulus versus volume fraction has been explained with the resistance to coalescence of the deformed interfacial film of water droplets in concentrated W/O emulsion. The stability is dependent on: (i) the choice of the oil is important, the requirements coincide with the requirements for the formation of the rigid liquid crystalline phases; and (ii) addition of salts the aqueous phase opposes the instability due to coalescence. Increasing the salt concentration increases the refractive index of the aqueous phase. It lowers the difference in the refractive index between the oil and aqueous phases. This decreases the attraction between the water domains, thus increasing the stability.

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Stability of High Internal Phase Emulsions

  • Park, C-I.;W-G. Cho
    • Proceedings of the SCSK Conference
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    • 1999.10a
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    • pp.65-74
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    • 1999
  • We have studied the stability of W/O high internal phase emulsions(HIPE) containing water, cetyl dimethicone copolyol and oils varying magnesium sulfate in the range 0 to 0.5wt% and oil polarities, respectively. The rheological consistency was mainly destroyed by the coalescence of the deformed water droplets. The greater the increase of concentrated modulus was, the less coalescence occurred and the more consistent the concentrated emulsions were. The increasing pattern of complex modulus versus volume fraction has been explained with the resistance to coalescence of the deformed interfacial film of water droplets in concentrated W/O emulsion. The stability is dependent on: (i) the choice of the oil is important, the requirements coincide with the requirements for the formation of the rigid liquid crystalline phases :5; and (ii) addition of salts the aqueous phase opposes the instability due to coalescence:. Increasing the salt concentration increases the refractive index of the aqueous phase. It lowers the difference in the refractive index between the oil and aqueous phases. This decreases the attraction between the water domains, thus increasing the stability.

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Design and Implementation of 30" Geometry PIG

  • Kim, Dong-Kyu;Cho, Sung-Ho;Park, Seoung-Soo;Yoo, Hui-Ryong;Park, Yong-Woo
    • Journal of Mechanical Science and Technology
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    • v.17 no.5
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    • pp.629-636
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    • 2003
  • This paper introduces the developed geometry PIG (Pipeline Inspection Gauge), one of several ILI (In-Line Inspection) tools, which provide a full picture of the pipeline from only single pass, and has compact size of the electronic device with not only low power consumption but also rapid response of sensors such as calipers, IMU and odometer. This tool is equipped with the several sensor systems. Caliper sensors measure the pipeline internal diameter, ovality and dent size and shape with high accuracy. The IMU (Inertial Measurement Unit) measures the precise trajectory of the PIG during its traverse of the pipeline. The IMU also provide three-dimensional coordination in space from measurement of inertial acceleration and angular rate. Three odometers mounted on the PIG body provide the distance moved along the line and instantaneous velocity during the PIG run. The datum measured by the sensor systems are stored in on-board solid state memory and magnetic tape devices. There is an electromagnetic transmitter at the back end of the tool, the transmitter enables the inspection operators to keep tracking the tool while it travels through the pipeline. An experiment was fulfilled in pull-rig facility and was adopted from Incheon LT (LNG Terminal) to Namdong GS (Governor Station) line, 13 km length.

Development of Dual Reporter System of Mutant Dopamine 2 Receptor ($D_2R$) and Sodium Iodide Symporter (NIS) Transgenes (변이 도파민 2 수용체와 나트륨 옥소 공동 수송체 이입유전자의 이중 리포터시스템 개발)

  • Hwang, Do-Won;Lee, Dong-Soo;Kang, Joo-Hyun;Chang, Young-Soo;Kim, Yun-Hui;Jeong, Jae-Min;Chung, June-Key;Lee, Myung-Chul
    • The Korean Journal of Nuclear Medicine
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    • v.38 no.4
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    • pp.294-299
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    • 2004
  • Purpose: Both human NIS and mutant $D_2R$ transgenes are proposed as reporting system in transplanted cell tracking. Using hepatoma cell lines, we constructed a dual reporter system containing human sodium-iodide symporter (hNIS) and dopamine 2 receptor ($D_2R$) and compared its characteristics. Materials and Methods: The recombinant plasmid ($pIRES-hNIS/D_2R$) was constructed with IRES (internal ribosome entry site) under control of the CMV promoter $pIRES-hNIS/D_2R$ was transfected to human hepatoma SK-Hep1 cell line with lipofectamine. HEP-ND ($SK-Hep1-hNIS/D_2R$) cells stably expressing hNIS and $D_2R$ was established by selection with G418 for two weeks. RT-PCR was performed to investigate the expression of both hNIS and $D_2R$ genes. The expressions of hNIS and $D_2R$ were measured by $^{125}I$ uptake assays and receptor binding assays. Specific binding of $D_2R$ to $[^3H]spiperone$ was verified by Scatchard plot with (+) butaclamol as a specific inhibitor. $K_d\;and\;B_{max}$ values were estimated. The correlation between hNIS and $D_2R$ expression was compared by using each clone. Results: Similar quantities of hNIS and $D_2R$ genes were expressed on HEP-ND as RT-PCR assays. HEP-ND cells showed 30 to 40 fold higher radioiodine uptakes than those of parental SK-Hep1 cells. $^{125}I$ uptake in HEP-ND cells was completely inhibited by $KClO_4$, a NIS inhibitor Specific binding to HEP-ND cells was saturable and the $K_d\;and\;B_{max}$ values for HEP-ND cells were 2.92 nM, 745.25 fmol/mg protein and 2.91nM, 1323 fmole/mg protein in two clones, respectively. The radioiodine uptake by hNIS activity and $D_2R$ binding was highly correlated. Conclusion: We developed a dual positron and gamma imaging reporter system of hNIS and $D_2R$ in a stably transfected cell line. We expect that $D_2R$ and hNIS genes can complement mutually as a nuclear reporting system or that $D_2R$ can be used as reporter gene when hNIS gene were used as a treatment gene.