• 한국시스템다이내믹스연구
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• 제1권1호
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• pp.159-183
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• 2000

How to protect the environment without sacrificing the human environment and economy at the level of region is on of the most difficult issues of recent times. The dynamic Interactions between economic activities and environmental pollution control activities determine whether social welfare is increased of decreased by such activities and provides a basis for saying whether they help or hurt the economy. Bureaucratic Approach of Local government has failed, and an Impetus has arisen to develop new tools of analysis, useful for finding policy leverages focused on sustainability. This paper focus on understanding dynamic relationships between regional economic system and environmental system, and presenting possible framework for finding policy leverages in dynamic interaction behaviors. The case, selected in this study, is Nacdong river regions case, which is related many meaningful issues about sustainable development： two big metropolitan government and dwellers have different opinion with regard to construction of large scale Industrial pack, drinking water supply, and environment model consisting of three sectors： regional economy sector, river pollution and drinking water sector, environmental protection and investment policy sector Finally, this paper deal with how to link policy leverage to causal loop structure for the sustainable development of two regions.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.159-167
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• 2021

The objective of this study is to examine the effect of family ownership and family CEO on the dividend policy of family firms by using the demographic characteristics of the CEO as a moderator. Dividend policy is a decision taken by the firm in determining whether the profits earned by the firm will be distributed to shareholders in the form of dividends or will be reinvested in the company as retained earnings for future internal resources. Using samples from non-financial family firms listed on the Indonesian Stock Exchange in 2013-2017, 93 firms were selected based on adequate data. We also used logit regressions to provide robustness. The results show that family ownership and family CEO have a positive effect on the dividend payout ratio. This finding supports the family income hypothesis. Among CEO demographic characters, CEO age significantly strengthens the positive effect of family CEO on dividend payout ratio. While CEO tenure does not significantly strengthen the positive effect of family CEOs on dividend payout ratios. Meanwhile, leverage, ROA, and firm size significantly affect the dividend payout ratio, but firm age does not significantly affect the dividend payout ratio.

• Asian Journal of Innovation and Policy
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• 제7권1호
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• pp.131-149
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• 2018

Multinational corporations (MNCs) leverage global locations for efficient production and sustained growth, and move significant foreign direct investments globally, particularly into emerging economies. MNCs also engage in entrepreneurial ecosystems of host countries for strategic benefits and impact the ecosystem as well. Of late, MNCs are increasingly entering into emerging economies like India through foreign direct investment (FDI) inflows and they are playing a vital role in start-up promotion in the entrepreneurial ecosystem. Therefore, we examine the role of MNCs and its impact on the entrepreneurial ecosystems in India by exploring a symbiotic relationship between MNCs and startups. We use a case-based method to ascertain and analyze specific benefits that emerge from such symbiotic relationships and draw implications for startups in India's technology entrepreneurial ecosystem.

• 한국시스템다이내믹스연구
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• 제11권3호
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• pp.61-86
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• 2010

This research analyzed on the future energy society of Korea in 2030 using system thinking approach. Key uncertainty factors determining the future energy society were analyzed in a multi disciplinary view point such as politics, economy, society, ecology and technology. Three causal loop diagrams for the future energy system in Korea and related policy leverages were shown as well. 'Global economic trends', 'change of industrial structure' and 'energy price' were identified as key uncertainty factors determining the Korean energy future. Three causal loop diagrams named as 'rate of energy self－sufficiency and alternative energy production', 'economic activity and energy demand' and 'Excavation of new growth engines' were developed. We integrated those causal loop diagrams into one to understand the entire energy system of the future, proposed three strategic scenarios(optimistic, pessimistic and most likely) and discussed implications and limits of this research.

• 한국측량학회지
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• 제36권4호
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• pp.213-221
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• 2018

한국은 그동안 분단국가라는 특수성으로 인해 안보 확보를 이유로 지도데이터의 국외개방을 제한하여 왔다. 그러나 공간정보 국외개방과 관련된 국내외 환경과 ICT 산업 생태계가 급격하게 변화하고 있으므로 계속해서 개방을 제한하는 데는 한계가 있다. 이에 본 연구에서는 시스템 사고를 활용하여 공간정보 국외개방과 관련된 변수들이 시간의 흐름에 따라 어떻게 변화하고 상호작용하는지 인과관계를 분석하였다. 먼저 국가안보, 지도기반 융 복합서비스, 기업간 경쟁 측면으로 구분하여 부문별 인과지도를 작성하였다. 이를 통합한 전체 인과지도를 바탕으로 정책개입 지점과 지배적 피드백루프를 파악하였다. 분석결과에 의하면, 국내 공간정보사업자의 자생력 확보가 전체 인과지도의 정책지렛대로 작용하며, 지배적 피드백루프를 악순환고리에서 선순환고리로 전환시키는 변수는 '지도데이터의 국외개방 결정'인 것으로 나타났다. 본 연구는 주요 변수간의 상호작용 관계를 인과지도로 작성하여 적은 투입으로 큰 효과를 볼 수 있는 정책 개입지점인 정책지렛대를 찾아내고, 장기적으로 어떠한 인과구조가 시스템을 지배하게 될 것인지 지배적 피드백루프를 파악하고 분석하였다는데 의의가 있다. 이러한 연구결과는 추후 구글 또는 여타 글로벌 기업이 공간정보 국외반출을 요청할 경우에 지도데이터의 국외반출이 국가 안보와 공간정보 산업 분야에 미치는 영향과 상호작용을 논의하는데 활용될 수 있다.

• World Technopolis Review
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• 제6권2호
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• pp.102-112
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• 2017

In this increasingly globalised and rapidly-changing world, the various challenges that can arise are also increasingly globalised and complex. These may range from economic, environmental, societal or even demographic challenges. Solutions should therefore be applicable world-wide, but they need to be properly adapted to the specifications and needs at the regional and country level. This implies that past models of centralised innovation can be progressively substituted by new approaches based on openness and strategic collaboration between the various players involved. There are various models of openness and collaboration in research, development and innovation creating scientific networks at different levels. This paper is designed in a way to present the concept of smart specialisation and clusters and how they are linked and contribute to the support of Smart Specialisation Strategy in the Asian countries. The following paragraphs describe how smart specialisation is applied and the importance of clusters in developing a S3 strategy. In addition, the status of cluster policies in Asia as well as the steps towards S3 are also presented. The status of cluster policies and their steps towards S3 policies in Asia are described. The approach of China to adopt S3 in their R&I policy is also presented. The scope of this paper, is to demonstrate the policy framework of cluster and S3 policies in the region of Asia and how they are applied. China has been further analysed as a case, since they are more active in applying such policies.

• 한국시스템다이내믹스연구
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• 제14권1호
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• pp.5-29
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• 2013

This study tries to measure the direct and indirect effects of the Regional Strategic Industry (RSI) promotion projects in Chungbuk Province in Korea. In specific, it critically examines whether there exists policy consistency and connectivity between the hardware-oriented Stage I (2002~2007) and the software-centered Stage II (2008~2012) RSI promotion projects. Applying System Dynamics (SD) techniques, this study examines complex system characteristics of RSI promotion projects, all of which have been derived from the causal and stock-flow models and their simulated results. Major findings are as follows: Firstly, 'the continuous investment' is regarded as the most crucial policy leverage for the strategic industry promotion and regional economic growth. Secondly, without exceptions, the RSI promotion projects should switch their evaluation criteria to performance-oriented ones. Thirdly, in selecting their subprojects, the RSI promotion projects should pay due attention to evaluating technology value and marketability. Fourthly, it should put policy priority in strengthening cluster networking and interconnectivity among projects, inevitably supporting a selective number of virtuous network systems. Fifthly, auxiliary projects such as marketing, technology aid, and knowledge-based services should not be overlooked.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.653-663
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• 2021

There has been a massive increase in household debt in China, especially in the last five of years. Learning from past experiences, the country needs careful forecasting that may help to form new policies or make amendments to the existing ones. This research paper aims to highlight the impact of the monetary policy on household debt in China. The study covers the time period from 1996 to 2020 The study employs a cointegration test, Autoregressive Distributed Lag Bound Test (ARDL) approach, a Augmented Dicky Fuller (ADF) and PP test (PMG) and time series data. The findings suggest on a quantitative analysis using a time-series model in which gdp per capita and interest rate has a positive impact on household debt whereas, cpi doesn't have significant impact. In a short-term variables relationship, household debt responds more to an increase in income than in the long-term. Also, the impact of interest rate changes on household debt is lower than income in the short run.The research suggests that there should be some restrictions on household debt and consumer financing provided to citizens and for this, appropriate leverage measures should be taken in order for the central bank to sustain robust macroeconomic conditions.

• 산경연구논집
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• 제14권2호
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• pp.11-19
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• 2023

Purpose: This research examines the relationship between green marketing strategy and CSR policy and identifies how companies can leverage this relationship to attract green customers. The conceptual model for this study shows the relevance of companies adopting both green marketing strategies and CSR policies to show how committed they are regarding environmental sustainability and fulfill their responsibilities towards various stakeholders. Research design, data and methodology: This research has conducted the literature content approach and the key measures used for this study were based on mostly peer-reviewed journal articles. Those studies already indicated the high degree of reliability and validity. Consequently, the current researcher removed conference papers into the analysis. Results: This research provides brief suggestions for companies to incorporate the findings of this study into their green marketing strategies and CSR policies. Companies that align their green marketing strategies with their CSR policies, and CSR policies with their customers' values, are more likely to attract environmentally conscious customers and increase their loyalty. Conclusions: This research concludes that there exists a positive relationship between green marketing strategy and CSR policy and the outcomes of this research add to the body of knowledge on how these two concepts can be integrated to achieve business and societal benefits.

• 한국산학기술학회논문지
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• 제18권4호
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• pp.163-174
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• 2017

본 연구에서는 부채조달 없이 자본재조정을 실행할 수 있는 수단들에 초점을 맞추어 자본재조정이 자본구조 의사결정과 기업가치에 미치는 영향을 분석하였다. 이를 위해 자본재조정 수단들을 자본재조정 실행시 기업의 자본구조에 미치는 영향에 따라 부채비율 상승형(유상감자, 현금배당), 부채비율 불변형(무상감자, 자사주 소각), 부채비율 하락형(전환사채, 신주인수권부사채, 교환사채, 스톡옵션 등의 권리행사) 등으로 구분하여 자본재조정 실행이후에 기업의 자본구조 의사결정과 기업가치에 미치는 영향을 분석하였다. 분석을 위해서는 한국거래소의 유가증권시장과 코스닥시장에 상장되어 있는 총 22,814개 연도-기업 자료가 사용되었다. 분석방법으로는 패널자료를 이용한 2SLS법이 사용되었다. 실증분석 결과는 첫째, 기업이 부채비율 상승형 자본재조정을 실시하면 부채비율이 상승하여 재무구조가 악화되기 때문에 다음 기에는 부채비율을 낮출 수 있는 자본구조 의사결정을 하게 되고, 이러한 재무건전성을 추구하는 자본구조 의사결정은 시장으로부터 긍정적인 평가를 받게 되어 기업가치가 증가한다는 것을 확인하였다. 둘째, 부채비율 불변형 자본재조정은 기업의 자본구조 의사결정에는 영향을 미치지 않지만, 기업가치에는 정(+)의 영향을 미친다는 것을 알 수 있었다. 셋째, 기업의 부채비율 하락형 자본재조정이 실행되면 다음 기에는 부채를 확대하는 자본구조 의사결정이 선택되고, 이러한 부채 확대정책은 기업가치에 긍정적으로 영향을 미친다는 것을 알 수 있었다. 결론적으로 부채비율 상승형 자본재조정과 부채비율 하락형 자본재조정은 기업의 자본구조 의사결정에 영향을 미치고, 이렇게 결정된 자본구조 의사결정은 기업가치에 긍정적인 영향을 미친다는 것을 알 수 있었다.