• 한국산학기술학회논문지
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• 제14권1호
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• pp.143-147
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• 2013

본 연구는 기업지배구조가 차입비용에 미치는 영향을 외국인 기관투자자의 역할에 초점을 맞추면서 분석하였다. 서로 다른 지배구조에 따른 차입비용에 영향을 보기 위해, 최대주주 지분율 기준으로 소유 집중도가 작은 기업표본, 중간 기업표본, 큰 기업표본으로 분류하여 회귀분석을 실시하였다. 분석결과, 소유 집중도가 중간이나 작은 기업표본에서는 외국인 투자자가 기업 차입비용에 영향을 미치는 것이 확인되지 않았으나, 소유 집중도가 큰 기업표본에서는 외국인 투자자가 기업의 차입비용을 크게 감소시키고 있는 것으로 나타났다. 본 연구의 학술적 시사점으로는, 지배대주주의 지분율이 높아질수록 이해일치가설에 의해 지배대주주는 자신의 사적 이익을 추구하게 되어 대리인 비용이 증가하고 경제적 가치가 하락하여 신용위험과 차입비용 증가로 이어질 수 있다는 것을 보여 준다. 실무적 시사점으로는, 외국인 투자자는 소유 집중도가 큰 기업에서 지배 대주주를 잘 견제 감시하고 경영의 외부감시 주체로서 경영 의사결정 효율화에 중요한 역할을 담당할 수 있다는 것을 보여준다.

• Journal of Biosystems Engineering
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• 제4권1호
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• pp.67-74
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• 1979

This survey was carried out to grasp the actual condition of a power tiller utilization . Now, the power tiller has become the leading machinery in the field of agriculture throughout the country . Two hundred farm houses, located in the provincial districts of Kimcheon and kum0rung, hav etaken part in the survey from October 1, 1976 to September 30, 1977. The results are summarized as follows . 1. The average size of cultivated land of a farm household in the districts surveyed was 1.77ha which was bigger than that of whole country. And the average age of power tiller drivers was analyzed in which only 105 of total drivers was on their 30's. 2. Distribution of a power tiller utilization was appeared to be 34.4% for transporting , 24% for tilling , 23% for pumping , 11.5% for threshing and 6.6% for spraying. 3. Frequency of a power tiller utilization was high during the month of June, July and October while it was low during February and December . 4. Distribution of repairing cost was 8.5% for trailer, 7.1% for throttle lever and 6.7% for casket, respectively. The annual cost for repairing was 5,290 won.5. The annual cost for using a power tiller was composed of 51.5% of fixed cost and 48.5% of operating cost. 6. Economic analysis showed that it was not economically practical for individual ownership of a power tiller on the farm surveyed. Therefore, custom operation and joint ownership by a few farmers were recommended.

• 한국전기전자재료학회:학술대회논문집
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• 한국전기전자재료학회 2007년도 하계학술대회 논문집 Vol.8
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• pp.558-559
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• 2007

A commercially de-waxer which kinds of solvent after was used to remove a thick organic wax film after polishing process and several steps of SC-1 cleanings were followed for the removal of organic wax residues and particles which requires long process time and high cost of ownership (COO). DIO3 was used to remove organic wax residues too achieve low COO. In this study, 0103 rinsing could use instead of 01 water rinsing. The process time and chemical consumption were reduced by using DIO3.

• The Journal of Asian Finance, Economics and Business
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• 제8권10호
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• pp.327-339
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• 2021

This study examines the impact of bank restructuring on the financial performance of commercial banks in Vietnam. The data for this study was obtained from the audited financial statements of 30 Vietnamese commercial banks from 2007 to 2019. Multiple regression analysis was used for investigation. Financial performance, as evaluated by ROAA, ROEA, and NIM, is the dependent variable. Financial restructuring, ownership restructuring, and operational restructuring are the independent variables. Pooled least squares (Pooled OLS), fixed effects model (FEM), random effects model (REM), and system generalized moment regression model (System GMM) are the estimate methods used to increase the accuracy of the regression coefficient. The research results show that the variables of financial restructuring activities such as government intervention and the ratio of equity to total assets; variables of ownership restructuring such as capital adequacy ratio, privatization of state-owned commercial banks, mergers, and acquisitions; variables of operational restructuring such as employees, branches, the cost to total assets; GDP variables and the second restructuring period have a positive impact on financial performance. Variables such as debt-to-capital ratio, bad debt ratio, state ownership ratio, expense-income ratio, and inflation have a negative effect on financial performance.

• 아태비즈니스연구
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• 제13권1호
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• pp.89-102
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• 2022

Purpose - We examine empirically the relationship between the board of directors and the corporate performance using board characteristics related variables. Design/methodology/approach - We empirically test the hypotheses using fixed effects models (FEM), using data of 3,703 listed non-financial companies in China from 2010 to 2019. Findings - First, the ownership of board of directors is positively related to ROA. Second, the size of the board of directors is positively related to ROA. Third, there is no evidence that interaction between characteristic variables related to the board of directors affect the corporate performance. Research implications or Originality - These results show that as the board of directors has larger ownership, the degree of identity of interest between stock holders and the board becomes bigger to reduce agency cost, then it lets the board make decisions to improve the corporate performance. In addition, as the board of directors becomes bigger, the board has strong independence to play the role of monitoring and advising, then it leads to improvement of corporate performance.

• 경영과정보연구
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• 제5권
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• pp.185-209
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• 2000

A review of shows that past research has focused predominately on foreign market entry strategy issues in relatively well-established firms. These studies have either ignored venture firms or have failed to treat these firms separately. Only recently, researchers have broadened their search to include aspects of the foreign market investment of the venture. The purposes of this study are to identify and explain the impact factors such as ownership specific advantage, transaction cost, and location specific advantage on the choice of foreign market entry strategy for venture firms. To find the perceived the foreign market entry strategy and determinant factors, 130 venture CEOs from the computer and communications equipment industries were asked to describe their venture's foreign market entry strategy through 17 questionnaire items on competitive method. Using factor analysis, the six determinant factors were categorized. To test the relationships between the foreign market entry strategy and factors such as ownership specific advantage, transaction cost, and location specific advantage, the data collected by questionnaire from 92 ventures. The main results of this research are as follows. First, the factors of ownership specific advantage have partially significant impact on the foreign market entry strategy of venture firms, Second, the factors of transaction cost have significant impact on their foreign market entry strategy. Third, the factors of location specific advantage have significant impact on their foreign market entry strategy. This study has produced evidence to demonstrate that the foreign market entry strategy profile of venture firms can be distinguished from those of relatively well-established firms. An expanded study would allow for stronger conclusions regarding the relative explanatory power of individual variables in the method. Additional research is also needed to examine other determinant variables connecting foreign market entry strategy.

• 한국산업정보학회논문지
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• 제25권6호
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• pp.125-141
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• 2020

본 연구는 세무서비스 고객을 대상으로 서비스 확대에 미치는 영향 및 차별화된 서비스영역 확대시 내부종사자의 심리적 주인의식 (Psychological ownership)의 정도에 따른 고객의 재이용의도의 변화와 대표자의 성향에 따른 수익강조, 비용강조, 이중강조(Revenue and cost dual emphasis)의 영향에 대한 분석을 하였다. 연구결과, 이용자들의 고객만족도를 충족시키고 내부종사자의 심리적 주인의식에 따른 계속적인 고객의 재이용의도의 변화를 볼 수 있었다. 또한, 세무대리인이 미래지향적 서비스 제공의 방향 전환을 추구할 수 있도록 하는데 의의가 있으며, 세무대리인의 전문성, 품질, 서비스확대 측면에서 새로운 연구 방향을 제시하였다.

• 한국융합학회논문지
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• 제6권1호
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• pp.71-76
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• 2015

본 연구는 중국 상장기업을 대상으로 경영자지분율과 부채만기 사이에 음(-)의 상관관계가 존재하는가를 분석한다. 중국은 자본주의의 경험이 짧아 전문경영자의 역할을 분석한 연구는 아직 미진한 상황이다. 이러한 상황에서 본 연구는 미국과 같은 선진국에서와 마찬가지로 경영자지분율이 부채만기에 미치는 영향을 분석함으로써 인센티브시스템으로서 경영자에 대한 주식부여의 효과를 검증한다는 데 의의가 있다. 본 연구의 실증분석 결과를 요약하면 다음과 같다. 첫째, 중국 기업의 경우에도 미국기업과 같이 경영자지분율과 장기부채비중 사이에 통계적으로 유의한 음(-)의 상관관계가 존재하는 것으로 나타났다. 둘째, 전체 표본을 정부지배기업과 민간지배기업으로 나누어 분석한 결과에서는 정부지배기업은 경영자지분율과 장기부채비중 사이에 유의하지 않은 양(+)의 상관관계가 존재하는 반면에 민간지배기업은 경영자지분율과 장기부채비중 사이에 통계적으로 유의한 음(-)의 상관관계가 존재하는 것으로 나타났다.

• 한국전기전자재료학회:학술대회논문집
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• 한국전기전자재료학회 2003년도 하계학술대회 논문집 Vol.4 No.1
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• pp.50-53
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• 2003

CMP (chemical mechanical polishing) process remained to solve several problems in deep sub-micron integrated circuit manufacturing process. especially consumables (polishing pad, backing film, slurry, pad conditioner), one of the most important components in the CMP system is the slurry. Among the composition of slurries (buffer solution, bulk solution, abrasive particle, oxidizer, inhibitor, suspension, antifoaming agent, dispersion agent), the abrasive particles are important in determining polish rate and planarization ability of a CMP process. However, the cost of abrasives is still very high. So, in order to reduce the high COO (cost of ownership) and COC (cost of consumables) in this paper, we have collected the silica abrasive powders by filtering after subsequent CMP process for the purpose of abrasive particle recycling. And then, we have studied the possibility of recycle of reused silica abrasive through the analysis of particle size and hardness. Also, we annealed the collected abrasive powders to promote the mechanical strength of reduced abrasion force. Finally, we compared the CMP characteristics between self-developed KOH-based silica abrasive slurry and original slurry. As our experimental results, we obtained the comparable removal rate and good planarity with commercial products. Consequently, we can expect the saving of high cost slurry.

• 한국전기전자재료학회:학술대회논문집
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• 한국전기전자재료학회 2003년도 춘계학술대회 논문집 센서 박막재료 반도체 세라믹
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• pp.145-148
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• 2003

Recently, the recycle of CMP (chemical mechanical polishing) slurries have been positively considered in order to reduce the high COO (cost of ownership) and COC (cost of consumables) in CMP process. Among the composition of slurries (buffer solution, bulk solution, abrasive particle, oxidizer, inhibitor, suspension, antifoaming agent, dispersion agent), the abrasive particles are one of the most important components. Especially, the abrasive particles of slurry are needed in order to achieve a good removal rate. However, the cost of abrasives, is still very high. In this paper, we have collected the silica abrasive powders by filtering after subsequent CMP process for the purpose of abrasive particle recycling. And then, we have studied the possibility of recycle of reused silica abrasive through the analysis of particle size and hardness. Also, we annealed the collected abrasive powders to promote the mechanical strength of reduced abrasion force. Finally, we compared the CMP characteristics between self-developed KOH-based silica abrasive slurry and original slury, As our experimental results, we obtained the comparable removal rate and good planarity with commercial products. Consequently, we can expect the saving of high cost slurry.