• Title/Summary/Keyword: Private Firm

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Correlation Analysis of Firm Performance by Characteristics of Founders in ICT Field (ICT 분야 창업자 특성에 따른 기업성과 상관관계 분석)

  • Sim, Yong-ho;Song, Min-kyoung;Kim, Seo-kyun
    • Journal of Korea Technology Innovation Society
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    • v.21 no.2
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    • pp.615-635
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    • 2018
  • The Korean government has selected job creation policy as first goal in order to overcome the recession and response of 4th industrial revolution. Technology based start up is worth noting in order to job creation. Because the ripple effect of technology based start up is higher than self-employment. Therefore, the government and the private sector conduct various policies and services for the vitalization of technology based start up. In order for technology based start up to be successful, it is necessary to maximize personal (founder) capacity. In this study, the correlation between "features of personal (motivation, capability, experience, entrepreneurship)", "competitiveness of company" and "corporate performance" was analyzed using structural equation modeling (SEM). Also, in this study analyzed the differences between 2 groups based on the career of CEO (work for government funded research institutes VS the others). This study can be utilized when policy making and practice about technology based start-up.

K-IFRS Reconciliations and Predicting Future Earnings (K-IFRS 도입 시점의 전환조정이 이후 기간의 미래이익 예측력에 미치는 영향)

  • Ji, Sang-Hyun;Kwak, Young-Min
    • Journal of Digital Convergence
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    • v.15 no.12
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    • pp.283-291
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    • 2017
  • This Study analyzes the predictability of accounting information from mandatory K-IFRS adoption using the K-IFRS reconciliations information. We use the sample of 2,557 firm-year Korea listed companies belonging to non-financial corporate sector during 2010-2016. Specifically, we examine whether K-IFS reconciliation would improve or reduce the predicting power for future earnings after K-IFRS adoption. The results of empirical analyses show that reconciliation information from discretionary judgement tend to reduce the predicting power of K-IFRS based accounting earnings for future earnings. This result indicates that managers are likely to use the adjustments process to reconcile K-GAAP accounting numbers with corresponding K-IFRS as means to realize the various private utility. This study is expected to provide useful information by suggesting the need for more rigid screening schemes for the K-IFRS reconciliation process and also for adequate measures to be taken to ensure that the interests of the outside investors are properly protected.

A Study on the emotionality of Child and Mother (아동과 어머니의 정서성에 대한 연구 - 가족생활을 중심으로 -)

  • 이태현
    • Journal of the Korean Home Economics Association
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    • v.12 no.2
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    • pp.563-580
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    • 1974
  • A Study of the Emotionality of Child and Mother The purpose of this study is primarily to understand the emotional climate of child and mother, which is a significant factor in child study and the home life. A sample was collected from a total of 1,592 of whom 796 are elementary school children with their mothers. Of these 796 children 440 are fom private schools, 190 from public schools in Seoul. The rest are taken from a farming area, 100 kilometers from Seoul. The data was basically obtained through answers to a questionaire distributed in September 1973. In this study, the cross-sectional method, percentage calculation and chi-square test are adapted from factor analysis. With this limited amount of data special attention now, the following conclusions can be drawn from this analysis although special attention should be given in making any kind of generalization about the entire population. 1) Children's emotionality (a) There is a higher percentage of emotionally well-adjusted children as opposed to maladjusted children.(51%>11%) (b) There is no correlation between children's emotionality and the following factors: grade, sex, residential area, school records, and educational level of their mothers. 2) Mother's Emotionality (a) There are more mothers who consider themselves happy than unhappy.(49%>2%) On the other hand a higher percentage of mothers reported feelings of tension and insecurity as compared to those who had feelings of firm security(65%>5%) (b) There is a high correlationshionship between marital adjustment and marital happiness. In other words, the more adjusted, the happier. A high marital happiness has strong influence on the preference of sex, on children's adjustment to their friends, and their present living condition. (c) There is a close relationship between a high marital adjustment and the social development of a child: being fond of fathers, homelife, and the acquaintance with many friends. In the same way, the positive emotionality of a mother in raising her children and their school records are also important. 3) Emotional relationship between a mother and her chid There is a close bond of love and respect between a mother and her child. Moreover, a high frequence of close and open-minded communication exist between them in a family. It is evident that the emotional climate of the mother has a strong and powerful influence on her child.

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The Analysis of the Herding Behavior of Korean Institutional Investors: Evidence from the Intraday (일중거래자료를 사용한 기관투자자 군집거래의 분석)

  • Lee, Jae-Hyun;Lee, Ho-Sun
    • Management & Information Systems Review
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    • v.32 no.3
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    • pp.83-105
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    • 2013
  • There are many literatures about the herding behavior of institutional investors but there is lack of literatures about the relation among several investor groups consisting of institutional investors. So we investigate the relation among sub-institutional investor groups like bank, insurance companies, pension funds using KRX intraday trading data of 2009. As the result, we find that foreign, individual, and securities firm investors trade in the opposite direction of other investor groups including pension funds. And pension, insurance, asset management, private equity funds, other companies, government, and banks are cross-mimicking each other, so we conclude that these investors make herding behavior. In 2009 institutional investors except securities firms make herding in a short period, and insurance, asset management, pension funds and other companies make herding and self-mimicking in all period, but there is no herding and mimicking after foreign investors.

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An Application Plan of Cost Information through Actual Date Information DB Construction (공사실적정보 DB구축을 통한 원가정보 활용방안)

  • Kim, Soung-Jik;Kim, Tae-Hui;Min, Kyung-Seok;Kim, Ok-Gyu;Kim, Chan-Kyu
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.495-498
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    • 2007
  • The latest parceling-out price upper limit ancestor memorial service enforcement, Sale in lots circle is elated interest of society each floor for construction working expenses by open etc. but private investment law for society basis facilities, because circle that is presenting in parceling-out price upper limit ancestor memorial service back is different system (configuration item), cross is expected. A lot of study results connected with cost control expense arbor in the mountains etc. were presented until present, but persistent DB expulsion prohibition. Cost information is standardization unpreparedness of system. It is real condition that is hoarded since research and development by practical use plan presentation unpreparedness etc. Therefore, in this study, desire does actual date use plan presentation by purpose through DB construction after process by information form of good quality so that can collects efficiently and manages and utilizes at construction production step flag firm' s results data which is achieved. Can utilize to data of tool development that maximize ultimately comprehension about employer' s business and business order ability through persuasion, and diverts in cost control business hereafter.

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An Empirical Study on the Obstacle Factors of ISMS Certification Using Exploratory Factor Analysis (탐색적 요인 분석을 이용한 기업의 ISMS 인증 시 장애요인에 관한 연구)

  • Park, Kyeong-Tae;Kim, Sehun
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.5
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    • pp.951-959
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    • 2014
  • In the past few years, data leakage of information assets has become a prominent issue. According to the National Intelligence Service in South Korea, they found 375 cases of data leakage from 2003 to 2013, especially 49 of cases have been uncovered in 2013 alone. These criminals are increasing as time passes. Thus, it constitutes a reason for establishment and operation of ISMS (Information Security Management System) even for private enterprises. But to be ISMS certified, there are many exposed or unexposed barriers, moreover, sufficient amount of studies has not been conducted on the barriers of ISMS Certification. In this study, we analyse empirically through exploratory factor analysis (EFA) to find the obstacle factors of ISMS Certification. The result shows that there are six obstacle factors in ISMS Certification; Auditing difficulty and period, Consulting firm related, Certification precedence case and consulting qualification, Internal factor, CA reliability and auditing cost, Certification benefit.

A Meta-regression Analysis on Related Protective Variables of social worker's Turnover Intentions (사회복지사의 이직의도 억제와 관련된 변인에 대한 메타회귀분석)

  • Moon, Dong-Kyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.16 no.11
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    • pp.7564-7574
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    • 2015
  • This study confirmed by a meta-analysis of the effect of suppressing the size of the turnover variable based on the thesis concerning "turnover intention" of the past 15 years, and the trend over the year, according to published meta-regression analysis was verified. The overall effect size for the study was found to inhibit factors medium effect size. Effect size is a private property factor by lower variable salary levels, age and marital status, working period, turnover experience, educational level, showed a work order forms, job characteristics factor is job satisfaction, working conditions, job importance, firm relationships with colleagues, showed a net job autonomy. In addition, organizational characteristic factor effect sizes organizational commitment, organizational commitment, advancement opportunities, compensation satisfaction, organizational justice, participatory doctor had determined the net. Changes in accordance with the published year is closer to 2015 it showed that the effect of inhibiting factors reduced size.

Log Analysis Method of Separate Security Solution using Single Data Leakage Scenario (단일 정보유출 시나리오를 이용한 개별 보안솔루션 로그 분석 방법)

  • Park, Jang-Su;Lee, Im-Yeong
    • KIPS Transactions on Computer and Communication Systems
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    • v.4 no.2
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    • pp.65-72
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    • 2015
  • According to recent statistics published by the National Industrial Security Center, former and current employees are responsible for 80.4% of companies' technology leakages, and employees of cooperative firms are responsible for another 9.6%. This means that 90% of technology leakages are intentionally or mistakenly caused by insiders. In a recent incident, a credit card company leaked private information, and the person responsible was an employee of a cooperative firm. These types of incidents have an adverse effect not only on a company's assets but also on its reputation. Therefore, most institutions implement various security solutions to prevent information from being leaked. However, security solutions are difficult to analyze and distinguish from one another because their logs are independently operated and managed. A large number of logs are created from various security solutions. This thesis investigates how to prevent internal data leakage by setting up individual scenarios for each security solution, analyzing each scenario's logs, and applying a monitoring system to each scenario.

Long Term Performance of Firm with Capital Investment for New Office Construction and Information Asymmetry (사옥신축목적 시설투자의 장기성과와 정보비대칭 현상에 대한 실증연구)

  • Lee, Jin-Hwon;Lee, Po-Sang
    • Journal of Digital Convergence
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    • v.19 no.3
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    • pp.127-135
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    • 2021
  • We analyze the information asymmetry in the capital market by examining the long-term performance by the insider's trading behavior in the companies that made investment announcements for the construction of the new office building. The results are summarized as follows. On average, the long-term abnormal returns on share prices of sample firms represent a significant positive value. The regression analysis confirmed that there is a statistically significant positive correlation between the factor of the change in equity of large shareholders and the long-term performance. On the other hand, negative correlation was observed between change in equity of small individual investors and long-term performance. These results mean that an insider can determine the authenticity of a manager's private intention. In other words, it supports that the insider is in a position of information superiority. In addition, it is expected to provide practical usefulness to investors in that the change in equity can be used as a predictor of long-term performance.

The Impact of Over-investment on the Market Value of Cash Holdings: Focusing on Ownership Structure (소유구조에 따른 과잉투자성향이 보유현금의 시장가치에 미치는 영향)

  • Cho Jungeun
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.2
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    • pp.319-325
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    • 2023
  • This study investigates the impact of over-investment on the market value of cash holdings. In addition, this paper examines whether the effect of over-investment on the value of cash holdings differs depending on firms' ownership structure. The results show that increase in over-investment reduces the market value of cash holdings. This suggests that investors perceive that over-investment deteriorates future business performance and generates excessive burdens on future cash flows. As a result, they provide negative evaluation on the market value of cash holdings. In addition, the negative impact of over-investment on the market value of cash holdings is more significant for owner manager firms where managers hold a high level of equity. Such empirical results imply that owner manager firms are more likely to use their cash holdings for private interest, therefore, over-investment reduces the cash value to a greater extent. This study provides empirical evidence that the effect of over-investment on the market value of cash holdings varies depending on the characteristics of firms' ownership structure.