• 기술혁신연구
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• 제22권2호
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• pp.157-183
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• 2014

본 연구는 2004년부터 2008년까지 8년간 국내 제약 기업들을 대상으로 소유 집중도가 기업의 연구개발투자에 미치는 영향을 실증적으로 분석한다. 특히 소유 경영 체제 또는 전문 경영 체제가 소유 집중도와 연구개발투자 간의 관계에 미치는 영향을 분석한다. 분석 결과 최대주주 지분율과 연구개발투자는 역 U자 형태의 상관관계가 있으며, 소유 또는 전문 경영 체제 여부는 역 U자 관계의 강도에 영향을 주는 것으로 나타났다. 즉, 전문 경영 체제하에서는 소유 집중도가 낮을 경우 소유 집중도의 추가적인 증가는 대리인 비용을 줄여 연구개발투자를 소유 경영 체제하에서 보다 더 크게 증가시키지만, 소유 집중도가 높을 경우 소유 집중도의 추가적인 증가는 지나친 위험 노출 증가에 대한 고려로 연구개발투자를 소유 경영 체제하에서 보다 더 빠르게 감소시킨다.

• The Journal of Asian Finance, Economics and Business
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• 제6권1호
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• pp.281-288
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• 2019

This study examines the relationship between R&D intensity and disclosure. R&D activities are essential in bringing innovation to companies. However, R&D activities are naturally uncertain and increase information asymmetry. Thus, firms with high R&D activities are more likely to have the incentive to communicate the potential of R&D investment to the market through voluntary disclosure and, concurrently, resolve information asymmetry. Meanwhile, incentives to less voluntary disclosure exist because of the proprietary cost and the risk of competitiveness loss. Furthermore, the uncertainties inherent in R&D activities caused the possible decrease in the information accuracy. For the two opposing views, this study investigates the relationship between R&D intensity and disclosure frequency using the Regulation Fair Disclosure data in Korea. Moreover, the relationship between R&D intensity and usefulness of the information disclosed is also examined. Using firm sample listed in the 2011-2016 Korea Stock Market, results show that firms with high R&D intensity make disclosures more frequent. Subsequently, the analysis using forecast sample shows that management forecast error is higher in firms with high R&D intensity. This research contributes to the existing literature by presenting evidence that R&D intensity is a significant factor affecting manager's disclosure behavior and information usefulness.

• 기술혁신연구
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• 제15권2호
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• pp.1-24
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• 2007

In this study, we estimated a CES production function for the Korean economy. We have found in the empirical results that the elasticity of the factor substitution is less than one and that the Korean economy exhibits labor-saving technological progress. In addition, we obtained the regression coefficient of R&D investment on technological change, i.e., the elasticity of R&D investment with respect to the technological change was 0.26% point. It implies that if R&D stock increases by 1%, labor efficiency increases 0.26% point through technological progress which is Hicksian non-neutral. It confirms that innovation-based growth strategy by increasing R&D investment would be effective on the one hand. Some policy consideration on the other might be needed for an increase in employment which is offset by technological progress.

• 한국시스템다이내믹스연구
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• 제10권2호
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• pp.81-102
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• 2009

Based on various employment and technology data in the cultural sector from the mid-1990s to the mid-2000s in Seoul, Korea, this research examines whether technology- and human resource-oriented programs exert significant impact on creative manpower, R&D technology level and tolerance. After briefly introducing Seoul's trends in the culture industry, it tries to explain major reinforcing and balancing loops. The stock-flow diagram of the culture industry in Seoul is applied to estimate relative effectiveness of technology- and human resource-oriented cultural programs cultural programs. Judging from a series of simulated experiments, technology-oriented cultural programs are essential to increase creative manpower and R&D technology level in the short term. For the first half of research period, this research finds that human resource-oriented cultural programs put forth minimal impact, if they even exist at all. The trends, however, are reversed in the long term: Both size of creative manpower and R&D technology level absolutely depend on human resource-oriented cultural programs in the second half.

• 기술경영경제학회:학술대회논문집
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• 기술경영경제학회 2006년도 제28회 동계학술발표회 논문집
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• pp.170-186
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• 2006

The guarantee funds for government policy fund, venture capital investment fund, technology guarantee debt are the core parts of the external financing system in the constant technology innovation company. However, the enterpriser's requirement to keep the technology innovation with minimized management intervention and policy maker's hope to advance technology development with clear operation of funds is enough to request for research of the project investment plan to the R&D project. This paper will analyze whether technology innovation company that creates cash flow prefers to the project investment as a financing program or not, and if prefers, what characters of company affect on this preference. The more the company that pursuit the additional R&D activity separated to on-going items becomes over the fixed size, the more prefers the project investment as future external fund-raising. Together with that, this paper suggests that we can apply the plan like special purpose vehicle, SWORD(Stock Warrant Off-Balance sheet R&D) and R&D Limited Partnership as R&D project investment policy, and improve the system itself.

• 대한전기학회:학술대회논문집
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• 대한전기학회 1994년도 하계학술대회 논문집 A
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• pp.249-251
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• 1994

This paper introduces an implementation of high performance voltage source inverter system based on 16bit micro-processor and DSP for the application to modem rolling stock traction system. In contrast with other industry oriented inverter system, this system requires precise control action complying with various load condition and high overload capability. An asynchronous PWM generation and 3' pulse mode technology are adopted in order to improve compliant starting torque characteristics at starting phase and soft backward-forward starting motion.

• 기술혁신연구
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• 제7권1호
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• pp.176-186
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• 1999

This paper starts out by reviewing the literature that in different ways utilizes patent data as an output of Research ＆ Development (R&D) investment. The main focus, however, is an analysis of time-lag between industrial R&D input and its output. To achieve this research's purpose, the basic data associated with the industrial R&D input (expenditure, researchers) and output (applied patent and utilities) for the past 15 years, from 1980 to 1994, in the areas of electrical-electronic, mechanical and chemical industries have been collected. And the raw input data were altered into real flow data (but stock data) using Laspeyres approach and analyzed using multiple regression analysis, especially stepwise regression analysis. The result of this study can be summarized as follows: a) The time-lag; between industrial R&D input and its output is within 1 to 3 years. b) The time-lag: of patents was longer than that of utility models. c) The time-lag: in electrical-electronic, chemical industry was longer than that of the mechanical industry.

• 공업화학
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• 제34권1호
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• pp.69-74
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• 2023

화학적 제빙 방법으로 프로필렌글리콜 제빙액은 동절기 고속철도차량 하부 및 대차부에 부착되는 설빙으로 인한 결빙을 녹이는데 적용가능하다. 프로필렌글리콜 제빙액을 운행 전 고속철도차량에 철도차량 하부 및 대차부에 미리 살포하여 눈의 부착을 최소화하면 해빙 효율을 더 높일 수 있다. 고속철도의 경우 프로필렌글리콜 제빙액을 살포하여도 고속으로 운행 시 대차 표면에서 제빙액은 거의 소실되기 때문에 눈의 부착으로 인한 결빙에 대한 방빙성능은 떨어진다. 본 연구에서는 동절기 고속철도차량 하부 및 대차부에 부착되는 설빙으로 인한 결빙을 방지하기 위해 표면의 결빙을 방지하는 발수 성분을 포함하는 프로필렌글리콜 제·방빙액의 특성을 연구하였다. 발수제의 종류에 따른 점도, 융빙성능, 접촉각 및 방빙성능에 대한 비교 평가를 실시하여 고속철도차량 제·방빙액으로 최적의 물질을 찾고자 하였다. 평가 결과 에톡시실란 타입의 발수제 성분을 포함하는 제·방빙액이 가장 적합한 것으로 확인하였다.

• 기술혁신학회지
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• 제10권3호
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• pp.383-405
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• 2007

본 연구는 공적분 패널방법론을 이용하여 우리나라 15개 산업의 지식생산함수를 추정하였다. 15개 산업의 지식생산함수간에 연관관계를 고려하여 Mark et al. (2005)가 제시한 동태적인 패널 공적분방법론인 DSUR을 이용함으로써, 기존의 방법론보다 효율적인 추정치를 제시하였다. 본 실증연구결과 및 정책적 시사점은 다음과 같다. 패널 공적분계수 추정치를 보면, 지식생산에 대한 연구자규모에 대한 탄력성은 0.25이며, 기존 지식축적량의 탄력성은 0.35로 추정되었다. 따라서 기존 지식축적량이 새로운 지식생산량에 기여하는 추정계수가 1보다 작음으로써, 장기적으로 경제성장은 물리적인 자원과 노동력 증대 그리고 정부의 역할에서 유인된다는 경제성장견해를 뒷받침하게 된다. 본 연구의 실증분석결과로 볼 때, 지식경제로 이행을 위한 정책시사점은 현재 정부 주도적이고 직접적인 R&D 정책추진구조에서 지식의 효율적인 창조 및 확산을 촉진할 수 있는 민간 주도적이고, 간접적인 R&D 정책구조로 전환이 요구된다.

• Asian Journal of Innovation and Policy
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• 제4권2호
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• pp.200-216
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• 2015

This paper empirically investigates the role of R&D intensity on market concentration of firms using four key market valuation variables, namely (1) market share, (2) labor intensity, (3) firm age and, (4) firm's market value. The empirical tests use database at firm level for the Indian IT sector from 1999 to 2013 from the CMIE Prowess database. The results of the regression analyses partially support our hypothesis that R&D intensity positively influences firm's market value measure by the H-index. The test results are consistent with the hypotheses that R&D spending is more valuable for firms with larger market shares, higher labor intensity, and firms that are diversified.