• 제목/요약/키워드: Investment tendency

검색결과 119건 처리시간 0.029초

Technology Licensing Agreements from an Organizational Learning Perspective

  • Lee, JongKuk;Song, Sangyoung
    • Asia Marketing Journal
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    • 제15권3호
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    • pp.79-95
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    • 2013
  • New product innovation is a process of embodying new knowledge in a product and technology licensing is getting popular as a means to innovations and introduction of new product to the market in today's competitive global market environment. Incumbents often rely on technology licensing to access new product opportunities created by other firms. Prior research has examined various aspects of technology licensing agreements such as specific contract terms of licensing agreements, e.g., distribution of control rights, exclusivity of licensing agreements, cross-licensing, and the scope of licensing agreements. This study aims to provide answers to an important, but under-researched question: why do some incumbents initiate more licensing agreement for exploratory learning while others do it for exploitative learning along the innovation process? We attempt to extend our knowledge of licensing agreements from an organizational learning perspective. Technology licensing as a specific form of interfirm linkages can be initiated with different learning objectives along the process of new product innovation. The exploratory stages of the innovation process such as discovery or research stages involve extensive searches to create new knowledge or capabilities, whereas the exploitative stages of the innovation process such as application or test stages near the commercialization are more focused on developing specific applications or improving their efficiency or reliability. Thus, different stages of the innovation process generate different types of learning and the resulting technological resources. We examine when incumbents as licensees initiate more licensing agreements for exploratory learning objectives and when more for exploitative learning objectives, focusing on two factors that may influence a firm's formation of exploratory and exploitative licensing agreements: 1) its past radical and incremental innovation experience and 2) its internal investments in R&D and marketing. We develop and test our hypotheses regarding the relationship between a firm's radical and incremental new product experience, R&D investment intensity and marketing investment intensity, and the likelihood of engaging in exploratory and exploitive licensing agreements. Using data collected from various secondary sources (Recap database, Compustat database, and FDA website), we analyzed technology licensing agreements initiated in the biotechnology and pharmaceutical industries from 1988 to 2011. The results of this study show that incumbents initiate exploratory rather than exploitative licensing agreements when they have more radical innovation experience and when they invest in R&D activities more intensively; in contrast, they initiate exploitative rather than exploratory licensing agreements when they have more incremental innovation experience and when they invest in marketing activities more intensively. The findings of this study contribute to the licensing and interfirm cooperation studies. First, this study lays a foundation to understand the organizational learning aspect of technology licensing agreements. Second, this study sheds lights on how a firm's internal investments in R&D and marketing are linked to its tendency to initiate licensing agreements along the innovation process. Finally, the findings of this study provide important insight to managers regarding which technologies to gain via licensing agreements. This study suggests that firms need to consider their internal investments in R&D and marketing as well as their past innovation experiences when they initiate licensing agreements along the process of new product innovation.

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주식시장 상황별 외국인 투자 성향과 배당과의 관계 (The Relationships between the Tendency of Foreigners' Investment and Dividends in the cases of Hot and Cold Markets in Korea)

  • 김태근;김도관
    • 벤처창업연구
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    • 제8권1호
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    • pp.171-181
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    • 2013
  • 기업의 배당정책과 외국인 지분 간의 관계에 관한 연구는 선행연구를 통해 다양한 측면에서 변수 간의 관계가 논의 되어왔다, 그러나 주식시장의 침체 및 상승에 따른 배당정책과 외국인 지분 간의 관계의 차이에 대한 연구는 거의 이루어 지지 않은 실정이다. 이러한 점에서 본 연구는 국내주식시장의 침체와 상승에 따라 외국인 투자에 영향을 미치는 재무변수의 관계가 어떠한 차이를 보이는지 알아보고 더불어 외국인투자와 배당과의 관계를 살펴보고자 하였다. 분석 대상으로 최근 주식시장의 침체와 상승기를 나타내는 2008년과 2010년을 기준으로 하여 배당을 실시하고 외국인 지분이 존재하는 12월 결산 상장된 318개 제조업을 대상으로 하였다. 분석 결과 상승시장과 침체시장에 따라 변수 간 관계의 차이가 나타나는 변수와 시장의 상황과 상관없이 일정한 관계를 보이는 변수들의 관계가 나타났다. 먼저 외국인 지분과 배당, 시장가치 및 부채와 외국인 지분과의 관계는 시장의 상승과 침체에 상관없이 유의한 관계를 가지는 것으로 나타났다. 주식시장 상황에 따라 다른 결과를 보인 변수 간의 관계로는 현금흐름과 외국인 지분의 관계가 주식시장의 상승기에만 유효한 결과가 나타났으며, 주목할 만한 차이점은 외국인 지분과 배당수익률 간의 관계를 제외한 모든 연구 모형의 변수 간의 관계가 상승시장에서 더 강한 유의한 관계를 나타내고 있다는 점이다.

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도시철도 교통량 추정의 오차발생 요인 연구 (A Study on Inaccuracy in Urban Railway Ridership Estimation)

  • 김강수;김기민
    • 대한교통학회지
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    • 제32권6호
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    • pp.589-599
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    • 2014
  • 본 논문에서는 개통연도 예측 교통량과 개통 후의 실제 교통량의 비교를 통해 교통량 예측 오차를 분석하였다. 분석 결과, 역별 개통연도 교통량(승 하차 인원)의 평균오차(I)는 7.27수준인 것으로 분석되었다. 또한 지역별로 오차가 상이하고 공사기간이 장기간이거나 역간거리가 짧아지면 교통량 과다 추정 오차가 증가하는 것으로 분석되었다. 따라서 도시철도사업이 정해진 계획대로 정해진 기간 안에서 진행될수록 교통예측 오차를 줄일 수 있을 것으로 판단된다. 이외에도 수요예측연도가 최근일수록 오차가 줄어드는 것으로 나타났다. 향후 추진될 도시철도 신규 노선에 대해서는 지금까지의 도시철도 이용객 추정의 오차와 경향을 바탕으로 보다 정확하고 현실적인 이용객 추정이 필요하다. 본 논문의 한계점은 초기연도의 오차에 대해서만 분석하였고 오차발생 변수도 외생변수에 국한하여 분석한 점이다. 향후에는 오차발생에 대해서 다양한 변수를 대상으로 검토되어야 할 것이다.

Shuttle-Based Storage/Retrieval System(SBS/RS)에서의 셔틀 대기점 연구 (Dwell Point Polices for Shuttles on Shuttle-Based Storage/Retrieval(SBS/RS) System)

  • 하윤수;채준재
    • 산업경영시스템학회지
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    • 제39권3호
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    • pp.30-38
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    • 2016
  • Shuttle-Based Storage/Retrieval System (SBS/RS) is relatively new to industry. The system is in the category of Automated Storage/Retrieval System (AS/RS), but it is different in that the SBS/RS uses shuttles as Storage/Retrieval (SR) machine instead using a stacker crane. The shuttles are assigned to each tier on multi-tier system and operated for pick-up or drop-off order. Since the system can handle multiple orders simultaneously, it can provide much higher throughput than that of general AS/RS with single stocker crane. Thus, this new system is well fit to recent tendency of increasing small quantity batch production and orders. One of the drawback of this system is that it needs a lot of investment to set up. The efficient operation of the system would be one of the critical matters to increase economic efficiency of capital investment. In this study, we focused on the dwell point policy for shuttles to find efficient way of operating the system. There are four basic policies for the dwell point and we had simulation-based experiment for two different scenarios based on the speed of the shuttle and inter-arrival time of the loads coming to the system combined with four different policies. As it was mentioned above, this SBS/RS relatively new to the field and there is no such experiment shown on previous research and the study of dwell point policy for this SBS/RS could provide the direct comparison of each policy with different hardware specification; the capability of the system. The policy that achieves most efficient operation among the given environment is proposed and the usability of the system is discussed.

캄보디아 협력 방안 연구: 주요 산업과 경제 교역을 중심으로 (Study on Cambodia Cooperation Plan: Focusing on Major Industries and Economic Trade)

  • 윤준모
    • 한국콘텐츠학회논문지
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    • 제20권8호
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    • pp.338-349
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    • 2020
  • 본 연구는 캄보디아에 대한 투자 확대와 협력 방안을 모색하기 위하여 진행하였다. 캄보디아는 동아시아 인도차이나 반도에 위치하고 있으며 역사적으로 사회 체계와 정치 부문에서 많은 내홍을 겪었다. 정치적으로 입헌군주제 국가이며 친서방주의 비동맹 형태의 중립 성향을 보이고 있다. 1980년 중반부터 추진하였던 경제 개방화로 인해 최근 들어 높은 성장률을 기록하였다. 아울러 동남아시아의 차세대 생산 기지로 부상하고 있다. 한국과는 잠정적으로 중단하였던 외교 관계를 1997년에 재개하였다. 이후 상호 교역과 교류를 진행 중이다. 따라서 본 연구는 일견 생소하고 자주 연구되지 않았던 캄보디아의 경제 및 교역 동향 등과 지원 방안 등을 자세히 살펴보았다. 다양한 발전 가능성도 고찰하였다. 아울러 현지 진출방식과 참여 사업 등에 대해서 심도있게 연구하였다. 민관 관계를 활용하여 투자 및 인적교류를 확대하는 방안을 도출하였다. 물류 및 유통 그리고 인프라 프로젝트 사업 등에 직접 참여하는 방안도 모색하였다. 이와 같이 본 연구는 향후 캄보디아 교역 및 경제 연구에 이바지할 수 있는 하나의 토대가 될 수 있도록 진행되었다.

선진자본주의사회에서의 산업구조변화와 신흥공업국에서의 산업화에 따른 지역발달문제 (The Industrial Structural Change and Regional Development : The Rise of New Industrial Spaces in the Industrialized Countries and in the Newly Industralizing Countries)

  • 고대경
    • 지역연구
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    • 제8권1호
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    • pp.119-130
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    • 1992
  • Many of the industrialized countries since the 1970s have been experiencing the change in the industrial structure due to technological development, that is, from Fordism to post-Fordism, or to "flexible production system". Regional development has been undergoing some changes according to the different industrial production systems. During the Fordist mass production period, the manufacturing belt was the core region of the production system. As the system shifts to flexible production system of which characteristics are veritcal disintegration, emphasis for JIT(just-in-time) delivery system, part-time and short-time labor contracts, design-intensive industries, etc, the new system requires the new production core and has produced the new industrial spaces, such as Sunbelt cities, suburbs, small-or medium-sized cities, and non-metropolitan areas. In the perspective of global system, the Fordist production system made th NICs developed, because the mass production required many unskilled and low-wage workers. As the NICs exports of manufactured goods have incredibly expanded during the 1970s, the industrialized countries have become threatened. The industriablized countries have restructured their economies and international policies. Such restructures resulted in the economic depression of the NICs. The investment pattern of the industrialized countries has changed and particularly those industries adopting the Post-Fordism have invested from the NICs to the peripheral areas of their own countries or toward the underdeveloped countries which have much lower wage workers. The investment pattern of the NICs is also undergoing some changes like from metropolitian areas to small or non-metropolitan regions. The regional development since the post-Fordist production is still going on, thus it is not possible to generalize the tendency. That could be a particular phenomenon or a stage in the long-term cycle. But the regional development in the world system since 1980s definitely shows the different pattern.t pattern.

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Research Trends Analysis on ESG Using Unsupervised Learning

  • Woo-Ryeong YANG;Hoe-Chang YANG
    • 융합경영연구
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    • 제11권3호
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    • pp.47-66
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    • 2023
  • Purpose: The purpose of this study is to identify research trends related to ESG by domestic and overseas researchers so far, and to present research directions and clues for the possibility of applying ESG to Korean companies in the future and ESG practice through comparison of derived topics. Research design, data and methodology: In this study, as of October 20, 2022, after searching for the keyword 'ESG' in 'scienceON', 341 domestic papers with English abstracts and 1,173 overseas papers were extracted. For analysis, word frequency analysis, word co-occurrence frequency analysis, BERTopic, LDA, and OLS regression analysis were performed to confirm trends for each topic using Python 3.7. Results: As a result of word frequency analysis, It was found that words such as management, company, performance, and value were commonly used in both domestic and overseas papers. In domestic papers, words such as activity and responsibility, and in overseas papers, words such as sustainability, impact, and development were included in the top 20 words. As a result of analyzing the co-occurrence frequency of words, it was confirmed that domestic papers were related mainly to words such as company, management, and activity, and overseas papers were related to words such as investment, sustainability, and performance. As a result of topic modeling, 3 topics such as named ESG from the corporate perspective were derived for domestic papers, and a total of 7 topics such as named sustainable investment for overseas papers were derived. As a result of the annual trend analysis, each topic did not show a relatively increasing or decreasing tendency, confirming that all topics were neutral. Conclusions: The results of this study confirmed that although it is desirable that domestic papers have recently started research on consumers, the subject diversity is lower than that of overseas papers. Therefore, it is suggested that future research needs to approach various topics such as forecasting future risks related to ESG and corporate evaluation methods.

Factors affecting particle breakage of calcareous soil retrieved from South China Sea

  • Wang, Xinzhi;Shan, Huagang;Wu, Yang;Meng, Qingshan;Zhu, Changqi
    • Geomechanics and Engineering
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    • 제22권2호
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    • pp.173-185
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    • 2020
  • Calcareous soil is originated from marine biogenic sediments and weathering of carbonate rocks. The formation history for calcareous sediment includes complex physical, biological and chemical processes. It is preferably selected as the major fill materials for hydraulic reclamation and artificial island construction. Calcareous sands possess inter pores and complex shape are liable to be damaged at normal working stress level due to its fragile nature. Thus, the engineering properties of calcareous soil are greatly affected by its high compressibility and crushability. A series of triaxial shear tests were performed on calcareous sands derived from South China Sea under different test conditions. The effects of confining pressure, particle size, grading, compactness, drainage condition, and water content on the total amount of particle breakage for calcareous soil were symmetrically investigated. The test results showed that the crushing extent of calcareous sand with full gradation was smaller than that a single particle group under the same test condition. Large grains are cushioned by surrounding small particles and such micro-structure reduces the probability of breakage for well-graded sands. The increasing tendency of particle crushing for calcareous sand with a rise in confining pressure and compactness is confirmed. It is also evident that a rise in water content enhances the amount of particle breakage for calcareous sand. However, varying tendency of particle breakage with grain size is still controversial and requires further examination.

1인 가구의 소비성향 분석을 통한 홈퍼니싱 제품전략 연구 (A Study of Home-furnishing Products Strategy through the Consumption Tendency Analysis of Single Household)

  • 김태선
    • 한국가구학회지
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    • 제27권3호
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    • pp.237-245
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    • 2016
  • Single households currently account for 26.5% of all households and their number is expected to continue to rise, reaching 34.5% by 2035. An analysis of the consumption trends and needs of single households shows that they are rising as a new consumer group with a focus on investment on the individual and favouring: small but high-tech products: efficient use of limited resources: safety and peace of mind: self-improvement and leisure. Products which meet such demands are having an impact on the growth of home-furnishing market. An analysis of companies in Korea's home-furnishing market, with examples like the lifestyle company IKEA, shows a variety of brands such as SPA brand, furniture specialist, distributor and character products. And yet most are OEM products which lack differentiated product lines and compete with similar display and distribution structure. We needs the Single household consumption tendency of home-furnishing market and differentiation strategy through product analysis. In order to increase the value of companies in the home-furnishing market, in addition to differentiated design, product competitiveness must aspire to higher customer satisfaction with easy assembly, innovation in logistics, innovative sales methods such as virtual-reality simulation for products and space, individually-tailored furniture for the needs of single household and products which combine smart technology. For home-grown home-furnishing brands to have competitiveness, they must leverage on the strengths of the industry, offering differentiated and competitive products in a wider range of areas with convergence functions as well as differentiation in consumer interface and application of advancing technology; in-depth product research is called for.

한국수산업의 해외진출전략에 관한 연구 (Foreign Entry Strategies for Korean Fishery Firms)

  • 김회천
    • 수산경영론집
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    • 제15권1호
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    • pp.131-153
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    • 1984
  • Fishery resources are still abundant compared with other resources and the possibility of exploitation is probably great. The Korean fishery industry has grown remarkably since 1957, and Korea is ranked as one of the major fishery countries. Its of fishery products reached the 9th in the world and the value of exports was 5th in 1982. But recently a growth rate has slowed down, due to the enlargement of territorial seas by the declaration of the 200 mile, Exclusive Economic Zone, the tendency to develop fishery resources strate-gically in international bargaining, the change in function of the international organizations, the expansion of regulated waters, the illegal arrest of our fishing boats, the rapid rise in oil prices, and the fall in fish prices, the development of fishery resources as a symbol of nationalism, the fishing boats decreptitude, the rise of crew wages, regulations on fishing methods, fish species, fishing season, size of fish, and mesh size, fishing quotas and the demand of excessive fishing royalties. Besides the the obligation of coastal countries, employing crews of their host countries is also an example of the change in the international environment which causes the aggravation of foreign profit of fishing firms. To ameliorate the situation, our Korean fishery firms must prepare efficient plans and study systematically to internationalize themselves because such existing methods as conventional fishing entry and licence fishing entry are likely to be unable to cope with international environmental change. Thus, after the systematic analysis of the problem, some new combined alternatives might be proposed. These are some of the new schemes to support this plan showing the orientation of our national policy: 1. Most of the coastal states, to cope with rapid international environmental change and to survive in the new era of ocean order, have rationalized their higher governmental structure concerning the fishery industries. And the coastal countries which are the objectives of our expecting entry, demand excessive economic and technical aid, limit the number of fishing boats’entry and the use of our foreign fishing bases, and regulate the membership of the international fishery commissions. Especially, most of the coastal or island countries are recently independent states, which are poorer in national budget, depend largely on fishing royalties and licence entry fees as their main resources of national finance. 2. Alternatives to our entry to deep sea fishing, as internationalization strategies, are by direct foreign investment method. About 30 firms have already invested approximately US $ 8 million in 9 coastal countries. Areas of investment comprise the southern part of the Atlantic Ocean, the Moroccan sea and five other sea areas. Trawling, tuna purse seining and five other fields are covered by the investment. Joint-venture is the most prominent method of this direct investment. If we consider the number of entry firms, the host countries, the number of seas available and the size of investment, this method of cooperation is perhaps insufficient so far. Our fishery firms suffer from a weakness in international competitive ability, an insufficiency of information, of short funds, incompetency in the market, the unfriendliness of host coastal countries, the incapability of partners in joint-ventures and the political instability of the host countries. To enlarge our foreign fishing grounds, we are to actively adopt the direct investment entry method and to diversity our collaboraboration with partner countries. Consequently, besides proper fishing, we might utilize forward integration strategies, including the processing fied. a. The enterprise emigration method is likely to be successful in Argentina. It includes the development of Argentinian fishing grounds which are still not exploited in spite of abundant resources. Besides, Arentina could also be developed as a base for the exploitation of the krill resources and for further entries into collaboration with other Latin American countries. b. The co-business contract fishing method works in American territorial seas where American fishermen sell their fishery products to our factory ships at sea. This method contributes greatly to obtaining more fishing quotas and in innovation bottom fishing operation. Therefore we may apply this method to other countres to diffuse our foreign fishing entry. c. The new fishing ground development method was begun in 1957 by tuna long-line experimental fishing in the Indian Ocean. It has five fields, trawling, skipjack pole fishing and shrimp trawling, and so on. Recently, Korean fisheries were successful in the development of the Antarctic Ocean krill and tuna purse seining. 3. The acceleration of the internationalization of deep sea fishing; a. Intense information exchange activities and commission participation are likely to be continues as our contributions to the international fishery organizations. We should try to enter international fishery commissions in which we are not so far participating. And we have to reform adequately to meet the changes of the function of the international commissions. With our partner countries, we ought to conclude bilateral fishery agreements, thus enlarging our collaboration. b. Our government should offer economic and technical aids to host countries to facilitate our firms’fishery entry and activities. c. To accelerate technical innovation, our fishery firms must invest greater amount in technical innovation, at the same time be more discriminatory in importing exogeneous fishery technologies. As for fishing methods; expanded use of multi-purpose fishing boats and introduction of automation should be encuraged to prevent seasonal fluctuations in fishery outputs. d. The government should increases financial and tax aid to Korean firms in order to elevate already weak financial structure of Korean fishery firms. e. Finally, the government ought to revise foreign exchange regulations being applied to deep sea fishery firms. Furthermore, dutes levied on foreign purchaed equipments and supplies used by our deep sea fishing boats thould be reduced or exempted. when the fish caught by Korean partner of joint-venture firms is sold at the home port, pusan, import duty should be exempted.

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