• 제목/요약/키워드: Investment Activity

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Impact of Negative Word of Mouth on Firm Value

  • Jeon, Jaihyun;Kim, Byung-Do;Seok, Junhee
    • Asia Marketing Journal
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    • 제22권3호
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    • pp.1-28
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    • 2020
  • With the development of information and communication technology and spread of smart devices, online information exchange has become a daily routine. Accordingly, the management and utilization of online word of mouth (WOM) has become an important issue for companies. Numerous studies have examined the impact of online WOM on firm performance. This study analyzes the impact of negative word of mouth (NWOM) on firm value, considering the influence of corporate social responsibility (CSR) activity and research and development (R&D) investment. Using a hierarchical linear model, we find that 1) NWOM has a negative impact on firm value, 2) CSR activities do not significantly influence this impact, and 3) R&D investment reduces this negative impact. This study contributes by demonstrating the effect of NWOM on firm value, examining the influence of CSR activities and R&D investment on the impact of NWOM, and confirming that the hierarchical linear model can be applied effectively to panel data in empirical studies. As a practical implication, companies must prevent and manage NWOM, whose impact, when caused by an unavoidable incident, can be alleviated by proactively announcing that the company is striving for competitiveness, for instance, by investing in R&D.

기술인적자원관리, 기술혁신활동 및 기술혁신성과의 구조적 관계: 제조기업을 중심으로 (Structural Relationship among Technical Human Resources, Technology Innovation Activity and Achievements of Technical Innovation: Centered around Manufacturing Corporations)

  • 나상균
    • 대한안전경영과학회지
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    • 제12권3호
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    • pp.283-294
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    • 2010
  • The present paper deals with an analysis of relationship among technical human resources management as a precursor, technology innovation activity and achievements of technical innovation on the basis of preceding empirical studies on technology innovation activities of manufacturing corporations. The analysis shows that First, the technical human resources management is found to have influence upon technology innovation activity in various ways, implying that the role of technical human resources management as a key to technical innovation is most important of all to enable manufacturing companies to gain edge in competition by means of technology innovation activity; and Second, technology innovation activity exercises impacts on the achievements of exploitative technology innovation as well as on the achievements of exploratory technology innovation on the part of manufacturing industry. The above findings prove that the level of technology innovation activity may be a source for superior competitiveness of manufacturing business as a result of technology innovation performance. Manufacturing corporations, thus, need to place more weight on stepping up their executive level of technology innovation activity factors than on increasing simply the level of technical investment.

기업의 사회공헌에 관한 탐색적 연구 (An Exploratory Study on the Corporate Social Activities of Business)

  • 임몽택
    • 산업경영시스템학회지
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    • 제29권4호
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    • pp.65-74
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    • 2006
  • This research tried to grasp present condition of domestic corporation's society contribution activity and grope desirable direction of society contribution activity hereafter. As analysis result, establishment of the responsible department or human power in charge for society contribution activity is insufficient, and depend on contribution activity of simple donation than to administer program directly, result of contribution activity is not linked with corporation's purpose or result and practical use of network with similar organization for society contribution was proved by low. Desirable direction of domestic corporation society contribution activity is as following hereafter based on analysis result. First, corporation must put in good order inside system with an establishment of the responsible department for society contribution, security of human power in charge and introducing education program for training specialist. Second, corporation must select specific field with capacity that corporation is holding and improve result of society contribution activity as concentrated investment. Third, corporation must construct network with various similar groups and organizations including NPO/NGO and heighten consummativeness of society contribution activity through mutual interchange and cooperation.

Impacts of Innovative EU Companies on Smaller Emerging Markets under an Open Economy

  • Seo, Dae-Sung
    • 유통과학연구
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    • 제12권10호
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    • pp.37-45
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    • 2014
  • Purpose - This study aims to analyze the relationship between trends in innovative EU industries and market distribution in smaller emerging markets under an open economy. Research design, data, and methodology - Although innovation was well-distributed, due to socio-economic factors following European integration, CEE had not achieved sustainable economic growth. However, this paper analyzes the differences among changes in CEE innovation for smaller emerging markets dominated since 2000. Market distribution has facilitated new markets for innovative industries, according to EU surveys and economic indicators. Results - The dominance of the local industrial market distribution has deterred innovation investment the survey shows that innovation investment has been shrinking, despite the EU's open innovation policy for CEE employment and R&D. For the CEE case, there were expectation gaps and uncertainty about whether to use the new distribution dominance or TNCs' innovation in smaller emerging countries without local industrial innovation. Conclusions - Innovation generates market growth and distribution power however, small growth requires stimulation, and creativity and innovative edge need further focus in local public and corporate strategy.

불확실한 환경에서의 다특성치 강건설계를 이용한 생산시스템 설계에 관한 연구 (A Study on Design of Production System Using Multiple Characteristics Robust Design in Uncertain Environment)

  • 양광모;서장훈;박진홍;강경식
    • 대한안전경영과학회:학술대회논문집
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    • 대한안전경영과학회 2004년도 춘계학술대회
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    • pp.61-65
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    • 2004
  • As technique that can contribute in quality improvement in design process to overcome shortcoming of traditional quality control, call design or development department quality control activity that is achieved to reduce gun damage shuddering at circle minimizing change or side effect of product performance as off-line quality control. This paper discuss optimal process design of investment projects expansion and replacement investment on each line or individual in the production. Generally optimal plant design has add to a few method by Subsidiary means with use a especial method. And then in this paper, a Robust design is presented, which may be effective to the processes appraisal or improvement. We propose that should make a optimal plant design model for reducing field failure rate to assign by real data on different factors in plant system. Using this model, robust design of taguchi method used in this comprehensive method for reducing field failure rate in plant system.

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정보기술 도입 결정기준 및 영향 요인 - 혁신특성과 핵심집단 관점 - (Decision Criteria and Affecting Factors in Information Technology Adoption - Innovation Characteristics and Critical Mass Perspective -)

  • 박정훈
    • Asia pacific journal of information systems
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    • 제9권4호
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    • pp.125-142
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    • 1999
  • The increased investment in technological innovations makes the investigation of factors affecting technology adoption more interesting. Several perspectives have been proposed to explain the determinants of information technology adoption. While the traditional innovation diffusion research streams try to explain and predict adoption behavior with the adopter's perceptions about the characteristics of the innovation itself, critical mass theorists argue that adoption behavior as a collective action is based on what their business partners are doing and whether there exists enough critical mass to justify the investment. Drawing on theses two perspectives, this study investigates the decision criteria in the adoption of information technology as innovation and factors affecting the decision criteria. The survey results reveal that the adoption behavior is affected both by innovation characteristics and by critical mass's activity. Correlation analysis, t-test, and stepwise regression models also show that as the environmental uncertainty is getting higher, adoption decision is affected more by what others are doing, and that highly competitive organizations seem to play the role of critical mass.

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혁신정책 조합이 중소기업 R&D 투자에 미치는 영향 : 재정지원을 중심으로 (The Impact of Innovation Policy Mix on SME R&D Investment: Focusing on Financial Instruments)

  • 김기만;이수연
    • 융합정보논문지
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    • 제10권1호
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    • pp.1-12
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    • 2020
  • 정부는 기업의 R&D 활동을 촉진하기 위해 자금지원 정책을 펼치고 있다. 공공 자금지원이 기업의 R&D 투자에 미치는 영향을 다룬 기존 문헌들은 주로 단일 정책에 초점을 두며 다른 정책도구의 잠재적인 영향을 고려하지 않는 한계가 있었다. 이에 본 연구는 중소기업에 중심을 두고 대표적인 재정지원 도구인 자금지원과 세제지원의 조합이 R&D 투자에 미치는 영향을 살펴보았다. 중소기업기술통계조사 3개년 (2015-2017) 자료를 기반으로 고정 효과모형을 통해 분석한 결과는 다음과 같다. 먼저, 정책조합은 중소기업 R&D 투자에 정적인(+) 영향을 주며, 상호 보완적이다. 둘째, 조세지원의 영향을 통제하는 경우에도 자금지원은 중소기업 R&D 투자와 정적인(+) 관계를 가진다. 이러한 결과는 중소기업의 R&D 투자 촉진을 위한 우리나라의 재정지원에 대한 정당성을 의미한다. 또한 자원과 역량에 대한 제약이 있는 중소기업에게 있어 특히 자금지원이 유용한 정책수단으로 적용될 수 있음을 시사한다.

ICSID 중재의 인적 관할에 관한 연구 (A Study on the Jurisdiction Ratione Personae of ICSID Arbitration)

  • 황지현;장은희
    • 무역학회지
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    • 제44권2호
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    • pp.95-107
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    • 2019
  • The ICSID arbitral tribunal shall determine the suitability of investors in accordance with the Article 25 of the ICSID convention and the investment or investor's provisions under the BIT. The eligibility of investors has an important role in establishing jurisdiction under international investment disputes. Therefore, this study draws implications on issues related to investor qualification, focusing on ICSID arbitration. The investor's nationality shall be taken into consideration in determining whether the investor is eligible. The criteria for determining the nationality of a corporate investor include the place of incorporation, main business location, and substantial ownership or control. The criterion of the place of incorporation that is used in a number of BIT have the problem of protecting investors from third countries not involved in the BIT. So, in recent years it is stipulated that the actual economic activity or the main business location as well as the place of incorporation criteria. And this problem is complemented by the denial of benefit clause. When determining whether a local corporation is controlled by foreigner in the host state it considers the shareholding rate, voting rights, and the exercise of managerial rights. There is a tendency to recognize shareholder's right to petition. Thus the same damage should not cause problems such as duplicate repayment or double reimbursement between the shareholders and the company. Unexpected problems can arise if the scope of investments and investors is broadly specified in the BIT. Therefore, it is necessary to clarify the scope of investment to be protected.

한국 제조업의 글로벌 활동과 기술혁신 간의 관계에 대한 실증분석: 기업 유형과 지식원천을 중심으로 (What Explains Firm's Innovativeness in Korean Manufacturing?: Global Activity and Knowledge Sources)

  • 최용석;김기완
    • KDI Journal of Economic Policy
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    • 제35권2호
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    • pp.41-70
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    • 2013
  • 본 논문은 수출활동 및 다국적기업화 등 기업의 글로벌 활동과 다양한 혁신성과 간에 존재하는 양의 상관관계가 한국 기업 데이터상에서도 존재하는가, 그리고 만일 그러한 상관관계가 존재한다면, 글로벌 활동 유형별로 혁신성과를 창출하는 데 있어 어떠한 요소가 중요한가에 대한 실증분석을 목적으로 한다. 본 논문의 실증분석 결과는 다음과 같이 요약된다. 첫째, 외국 다국적기업의 국내지사의 경우 혁신활동을 수행함에 있어 주로 기존 지식을 활용하는 데 반해 국내 수출기업 및 국내 다국적기업의 모기업의 경우에는 기존 지식의 활용뿐만 아니라 새로운 지식에 대한 투자(직접적인 R&D 활동)를 통해 혁신성과를 창출하고 있다. 둘째, 공정혁신을 수행함에 있어서는 주로 기존 지식의 활용이 중요한 요소인 데 반해 제품혁신을 수행함에 있어서는 새로운 지식에 대한 투자와 기존 지식의 활용이 모두 동일한 정도로 중요한 요소인 것으로 나타난다. 이러한 결과는 한국에 있어 기업의 혁신성과를 높이기 위해서는 새로운 지식에 대한 투자를 활성화시킴과 동시에 기업들이 기존 지식에 대해 보다 높은 접근성을 가질 수 있도록 하는 것이 중요함을 의미하며, 따라서 이 두 가지 요소를 모두 포괄하는 정책방향을 견지할 필요가 있음을 시사한다.

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A생협에 대한 경영성과 분석 (An Analysis on the Management Situation of a Hansalim Consumer Cooperatives)

  • 김호
    • 한국유기농업학회지
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    • 제28권1호
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    • pp.59-68
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    • 2020
  • This study analyzed and suggested management situations and improving issues on a consumer cooperatives which has supplied environmentally friendly agricultural products from the year 2002. Indices of management analysis are stability ratio, activity ratio and profitability ratio. Management Stability ratio indices are debt ratio, net worth ratio, fixed ratio and current ratio. Management activity ratio ones include fixed assets turnover and net worth turnover. And profitability ratio is showed through return on investment, net return on sales and return on equity. In order to analyze these indices, financial statements after the closing entires are used each year.