• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.6
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• pp.159-172
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• 2023

This study aims to empirically investigate the relative effects of business-to-business (vs. business-to-consumer) business model innovation (BMI) on innovation performance. The research examines the impact of three key components of BMI: 1. value creation, 2. value proposition, and 3. value capture, on innovation performance. The 2022 Entrepreneurship Survey data by the Korean Entrepreneurship Foundation was used to analyze 2,879 companies. An exploratory data analysis (EDA) including various categories such as industry, firm, CEO, and technology chracteristics was conducted to show the latest startup status in Korea. The results show that value creation of B2B (vs. B2C) firms has a more positive and significant impact on innovation performance. Whereas, value proposition of B2C (vs. B2B) firms was found to have a more positive and significant effect on innovation performance. Interestingly, value capture did not show any effects for either type of firms. Additionally, the study employed seemingly unrelated regression (SUR) analysis for robustness checks. These findings provide important insights about the relative effects of B2B-BMI (vs. B2C-BMI).

• Korean Journal of Social Welfare
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• v.66 no.2
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• pp.101-125
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• 2014

This paper aims to examine the effects of increase in childcare subsidy on time allocation of women, particularly low- and moderate-income women with pre-school children. For the purpose, the study adopts seemingly unrelated tobit and analyses data from the 2004 and 2009 Time Use Survey Data of the National Statistical Office. First of all, the results reveal that the policy changes in childcare subsidy affect time allocation of low- and moderate-income women with pre-school children, which increases paid-work whereas decreases caregiving and housework in a daily life. The results show that the changes take place in accordance with the goals of childcare subsidy promoting women's employment and reducing women's burden of caregiving. Yet the study has a couple of limitations- the only marginally significant impact in several variables, little effect on time allocation of all women- for the generalization of the findings. Nevertheless, the results indicate that employment policies for women, particularly for mothers, and the provision of childcare services should be improved to maximize the positive effects of increase in childcare subsidy.

• KDI Journal of Economic Policy
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• v.22 no.1_2
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• pp.3-55
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• 2000

본 연구는 세입증가율 예측을 위해 사용되는 각종 세수추계모형의 예측능력을 상호비교하는 데 목적이 있다. 본 연구에서 고려하는 세수추계 방식은 네 가지이다. 첫째는 단순 ECM 모형으로서 오차수정모형(error correction model)을 각각의 세목에 적용하여 세수를 예측하는 것이다. 둘째는 SUR-ECM 모형으로서 단순 ECM 모형의 개별 회귀방정식을 통합하여 SUR(Seemingly Unrelated Regression) 방식으로 추정한 후 이를 이용하여 세수를 예측하는 것이다. 셋째와 넷째는 흔히 사용되는 탄성치 방식으로서, 과거의 연도별 탄성치를 5년간 또는 10년간 평균하여 이를 바탕으로 향후의 세수를 예측하는 것이다. 이러한 모형비교를 통해 얻은 결과는 다음과 같이 요약될 수 있다. 첫째, 단순 ECM 모형과 5년 평균 탄성치 모형은 예측력에 있어 큰 차이가 없다. 둘째, SUR-ECM 모형과 10년 평균 탄성치 모형은 예측력에 있어 큰 차이가 없다. 셋째, 단순 ECM 모형보다는 SUR-ECM 모형의 예측력이 높으며, 5년 평균 탄성치 모형보다는 10년 평균 탄성치 모형의 예측력이 높다. 넷째, 어느 경우에든 예측 오차가 상당히 크고 이러한 오차는 예측시계가 넓어질수록 커진다. 예를 들어, 5년 후의 세수에 대한 예측치는 평균적으로 오차의 절대값이 10% 수준에 이른다. 탄성치 모형이 단순 ECM 모형이나 SUR-ECM 모형에 비해 그리 나쁜 예측결과를 낳지 않는다는 것은 새로운 사실이다. 또한 5년 평균 탄성치보다 10년 평균 탄성치를 사용하는 것이 더 나은 예측치를 낳는다는 것은 세수예측에 있어 최근의 자료만을 사용하는 것보다는 과거 꽤 오랜 기간의 자료를 사용하는 것이 바람직하다는 점을 시사한다.

• Korean Management Science Review
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• v.25 no.2
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• pp.57-71
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• 2008

We study factors that affect consumers' switching behaviors among service providers in Korean mobile telecommunications service market. For empirical analysis, quarterly time series data from the first quarter of 2004 through the second quarter of 2007 were used. We chose the number of switchers to each mobile service provider in each quarter as dependent variables. Independent variables include acquisition costs per subscriber, which play the role of subsidy to mobile handset, switching costs, time trend, structural change effect, and waiting demand effects. Through the empirical analysis, we found that each provider's churn-in customers are affected by different factors. Specifically, the number of churn-in customers into SK Telecom is explained mainly by SK Telecom's customer acquisition costs and waiting demand from KTF, while the number of customers switching into KTF is better explained by switching costs from the previous service provider and waiting demand from SK Telecom. Those who chose LG Telecom as their new provider, on the other hand, were mainly attracted by LG Telecom's high subscriber acquisition cost.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2006.11b
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• pp.355-368
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• 2006

본 연구는 1982년부터 2002년까지 우리나라 15개 산업부분의 패널자료를 이용하여 지식생산함수추정을 시도하였다. 해당 산업부문의 지식생산활동에서 서로 다른 산업부문간에 산호작용영향이 중요하다는 관점을 고려하여 Mark et al. (2005)이 제시한 DSUR(Dynamic Seemingly Unrelated Regression)추정량을 이용하여 관련된 지식생산함수의 모수를 추정하였다. 본 연구의 추정결과를 살펴보면, 우리나라 지식생산함수에서 연구원 규모가 지식생산에 기여하는 탄력성정도는 0.25이며, 기존 지식축적량이 기여하는 탄력성정도는 0.353으로 나타났다. 이러한 실증분석 결과는 우리나라의 경우에 기존 지식축적량이 새로운 지식생산에 기여하는 탄력성정도가 1보다 작음을 보여준다. 지식생산함수의 관하여 추정된 계수의 크기가 시사하는 바는 우리나라의 장기적 경제성장률은 제품 및 서비스생산함수에 관련된 탄력성과 인구성장증가율에 따라서 결정되기 때문에 정부의 직접적인 R&D정책개입보다는 지식관리 및 보급 그리고 공유체계정비라는 간접적 R&D정잭개입을 통하여 지속적인 경제성장전략을 추진해야한다는 주장을 뒷받침한다고 볼 수 있다.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.8
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• pp.15-23
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• 2020

Based on the theoretical underpinnings of the agency theory and liquidity theory, the purpose of this study is to show how managers who want to enhance the performance of Pakistan's non-financial sector can use liquidity policy in relation to corporate governance. Nowadays, Pakistan is facing a severe liquidity crisis; this study contributes by examining the mediating role of liquidity on the link of corporate governance-performance. We use data from 63 firms from 2010 to 2018, excluding 17 outliers. To analyze the data, we use the Seemingly Unrelated Regression (SURE) model and nlcom-Stata test. Our findings support the mediating role of liquidity on the link between corporate governance and performance. In addition, the results show that corporate governance improves performance. Furthermore, the study supports a significant positive association of liquidity and performance. For robustness, we use two performance variables - return on assets (ROA) and Tobin's q (TQ) - where ROA represents full mediation and TQ indicates partial mediation. This study helps to use liquidity policy to strengthen the inside and outside dimensions of corporate governance mechanisms that improve the performance of firms. Overall, these findings suggest better disclosure, transparency, and solutions to auditing issues that add value to the firms.

• Korean Journal of Agricultural Science
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• v.48 no.4
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• pp.797-806
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• 2021

As the number of scaled-up ranches increased and agile responses to market changes became possible, decision-making by Hanwoo cattle farms also began to affect short-term shipments. Considering the changing environment of the Hanwoo supply market and the response speed of producers, it is necessary quickly to grasp the forecast ahead of time and to respond accordingly in an effort to stabilize supply and demand in the Hanwoo market. In this study, short-term forecasting model centered on the supply of Hanwoo was established. The analysis conducted here indicates that the slaughter of Hanwoo males increases by 0.248 as the number of beef cattle raised over 29 months of age in the previous month increases by one, and 0.764 Hanwoo females were slaughtered under average conditions for every Hanwoo male slaughtered. With regard to time, the slaughtering of Hanwoo was higher in January and August, which are months known for holiday food preparation activities for the New Year and Chuseok in Korea, respectively. Simulations indicated that errors were within 10% in all simulations performed through the Hanwoo supply model. Accordingly, it is considered that the estimation results from the supply model devised in this study are reliable and that the model has good structural stability.

• Korean Journal of Organic Agriculture
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• v.31 no.4
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• pp.327-341
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• 2023

The Ministry of Agriculture, Food and Rural Affairs, Hanwoo Association and Nonghyup have discussed proactive reduction measures for cows in response to concerns about an oversupply of hanwoo to ensure supply stability. This study aims to empirically analyze whether the cow fattening support program is being implemented in line with its objectives. Based on the analysis of beef traceability data, the slaughter age of participating cows was reduced by 7.6 to 14.7 months compared to non-participating cows. And heifer was reduced 1.5 months in their slaughter age. In case of parity, participating cows showed a reduction of 1.4 compared to non-participating cows. Through the SUR model, an analysis was conducted to examine the effect of the cow fattening support program on the suppression of calf production numbers. The analysis results showed that the calf production numbers are positively influenced by the number of fertile cow and the quantity of semen sales. Furthermore, it is estimated that calf production decreased as the fat index increased, and during the period when the cow fattening support program was implemented, an average monthly suppression of 3,558 calves was observed.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.15 no.3
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• pp.23-33
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• 2016

This study identified the factors that affect travel time budget by mode for traveler in Seoul using the SUR model. Individual, household and TAZ characteristics were selected as the explanatory variables. Transportation modes are summarized from 18 types to 6 types(walking, personal car, bus, subway, rail and bicycle). The results showed a distinct difference between personal transportation and public transportation. First of all, People who owned a car and driver's licence tend to prefer personal transportation. In addition, we can confirm the relationship between the bus and the subway which are most typical public transportation. Passengers who can available a personal mode preferred the subway than the bus. It is expected to suggest various implications related to the public transportation policy for Seoul metropolitan area.

• The Journal of the Korea Contents Association
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• v.14 no.11
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• pp.186-195
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• 2014

The purpose of this research is to explain what affects the volunteer center's performance on the basis on the program logic model. We assume that internal factors and external factors influence the organizational performance. For the empirical analysis, we use SUR(seemingly unrelated regression). The major findings of this research are as follows: Frist, organizational budget as internal factors are important influential factors. Second, civil society's capacity variable and stakeholder's support variable affect positively volunteer center's performance. Third, the contract out variable's effect as an operation types is not proven statistically. In case of estimating the multi organizational performance, lastly, the SUR method is prefer to the OLS method in the aspect methodology. However, more systemic study is complemented the panel data for organizational performance.