• Title/Summary/Keyword: growth variable

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Industry Analyses on the Research & Development Expenditures for Korean Chaebol Firms (국내 재벌 계열사들의 연구개발비에 대한 재무적 산업효과 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.20 no.6
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    • pp.379-389
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    • 2019
  • The study empirically investigates financial factors that may influence on corporate R&D intensity during the post-era of the global financial turmoil (from 2010 to 2015) to mitigate possible spillover effect associated with the crisis. Concerning the empirical research settings of the study, chaebol firms listed in the KOSPI stock market are used as sample data with adopting various econometric estimation methods to enhance validity of the results. In the first hypothesis test, it is found that there exist inter-industry financial differences in terms of the ratio of R&D expenditure across all the sample years, but the statistical differences may arise from only a few domestic industries beloning to the high-growth sector. Moreover, it is also interesting to identify that, for the high-tech sector, 3 explanatory variables such as R&D intensity in a prior year, firm size and change in cash holdings are proved to be financial factors to discriminate between chaebol firms and their counterparts of non-chaebol firms, whereas a proportion of tangible assets over total assets as well as the former two variables are shown to be significant factors on the R&D intensity for the low-tech sector.

Effect of the U.S. Monetary Policy on the Real Economy of the Asia: Focusing on the impact of the exchange rate in Korea, China and Japan (미국의 통화정책이 아시아 실물경제에 미치는 영향: 한국, 중국, 일본의 환율충격을 중심으로)

  • Choi, Nam-Jin
    • International Area Studies Review
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    • v.20 no.2
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    • pp.3-23
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    • 2016
  • In this study, we used actual proof analysis, based on SVAR model according to economy theory, to observe the impact of actual and financial market of Korea, Japan, and China that have adopted quantitative easing export based strategy of growth, an unconventional monetary policy of the U.S. As a result of estimation, it appears that real effective exchange rate rise shock of Korea, Japan, and China against U.S. dollar has a negative influence on current account and index of industrial product, which are real economy. It can be implied that the result is driven from the fact that strong home currency of Korea, Japan, and China decreases price competitiveness of exports, causing negative influence on real economy. The real effective exchange rate shock against U.S. dollar appeared to decrease national bond rate of Korea and Japan, while increasing that of China. In instances of Korea and Japan, it is implied that national bond rate decreases as foreigner investment funds flow in, considering foreign-exchange profit through advanced financial market with high opening extent. On the other hand, because there are strong regulation on opening extent of Chinese financial markets, the influence seems to be greater for domestic policy, rather than a foreign influence. Lastly, Korea showed a more dramatic variable reaction to exchange rate shock compared to Japan or China. It is implied from the result that Korea is relatively more susceptible and fragile in regards of international status of economic size and currency.

Factors affecting the Occurrence of Rural Vacant Houses (농촌 지역 빈집 발생의 영향 요인)

  • Kim, Sung-Rok;Kim, Doo-Soon
    • Journal of Cadastre & Land InformatiX
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    • v.48 no.2
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    • pp.65-77
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    • 2018
  • It is very important to understand the factors affecting the occurrence of vacant houses in research on them. The purpose of this study is to analyze the factors affecting the rural vacancy occurrence. This study set 121 research areas and selected eight independent variables (Aged house rate, housing transaction rate, house diffusion ratio, local extinction index, net migration rate, regional aging index, the ratio of the number of employees to population and financial independence rate) and one dependent variable (vacant house rate). As a result of the study, first, both Model 1 for the entire general agricultural fishing village area and Model 2 for the county (gun) area were statistically significant, there was no problem with the independence of residual. Second, local extinction index and aged house rate had a statistically significant positive (+) relationship in both Model 1 and Model 2. Third, diffusion ratio of house had a statistically significant positive (+) relationship only in Model 1, and housing transactions rate had a statistically significant negative (-) relationship in Model 2. The implications of the study were drawn as follows: First, the increase in the house diffusion ratio without growth in households and population suggests the increase of the probability of the vacancy occurrence in the area, and the higher the aged house rate, the higher the probability of the vacancy occurrence. Second, for the revitalization of housing transactions, it is necessary to have an investment inflow in the area for mid- to long-term development. Third, local extinction index has a significant relationship with vacant house rate, it is necessary to introduce a local revitalization policy from a long-term perspective for the permanence of the area.

The Influence of Corporate Knowledge Management System on Learning Orientation (기업의 지식경영시스템이 학습지향성에 미치는 영향)

  • Choi, Seung-Il;Kim, Dong-Il
    • Journal of Digital Convergence
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    • v.16 no.11
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    • pp.231-236
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    • 2018
  • In order to survive the competition, companies are developing new knowledge, applying and communicating, and accumulating numerous knowledge management activities. Therefore, it is important to establish and operate an effective knowledge management system to introduce and utilize effective knowledge management. So, the purpose of this study is to confirm the relation between the learning orientation of the organization and the knowledge management which are the main results in the knowledge management. In other words, this study investigated how the knowledge management system of a company affects the learning orientation of the corporate members, so as to be a basis for establishing the direction of knowledge management in the future. This study synthesized theory and previous studies, developed hypotheses and research models, and conducted empirical analysis through questionnaire surveys. This study is analyzed that knowledge management system has a positive effect on learning growth will. In addition, it was confirmed that the knowledge management system has a statistically significant relationship with the intention of internal improvement. Therefore, for the successful operation and management of the support management system, maintenance of the system that can focus on the strategic and appropriate learning model of the organization and the role of the organization member is an important variable. The results of this study are expected to provide meaningful guidance not only in the practical field but also in the study of the organization's knowledge management system.

Analysis of the ODA impact that Donor's Exports - Focus on Korean Technology Cooperation ODA (ODA가 공여국의 수출에 미치는 영향 분석 - 한국의 기술협력 ODA를 중심으로)

  • Byun, Sejun;Choi, Jaeyoung
    • Journal of Technology Innovation
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    • v.27 no.2
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    • pp.99-122
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    • 2019
  • ODA (Official Development Assistance) aims for practicing international humanitarianism in developing countries. However, ODA donors also seek to find convincing evidence meeting the national economic & political interests in the international community. In this regards, precise & unbiased estimation of the policy effects of ODA aid on the donors' exports to the recipient countries has recently become one of the primary concerns of the ODA donors, especially developing countries including Korea of which economy structure heavily relies on exports for economic growth. Based on the basic gravity model, this study empirically analyzes the effects of technical cooperation ODA delivering skills, knowledge and technical know-how on Korea's exports to the ODA recipient countries using 10-year panel data from 2007 to 2016. Specifically, by incorporating major variables affecting trade such as GDP, distance, FDI etc, the effect of technical cooperation ODA on Korea's exports to the ODA recipient countries is estimated with various kinds of panel models. As a result, technical cooperation ODA has a statistically significant impact on Korea's exports to ODA recipient countries, especially in the exports of intermediate goods. And the detail process of this black-boxed mechanism is scrutinized through case studies on Uzbekistan, The Philippines, and Morocco.

A Study on User Satisfaction and Continuity Usage Intention in the Automotive Industry: Focusing on the Expectation Confirmation Model (자동차 산업에서의 사용자만족과 지속사용의도에 관한 연구: 기대일치모형을 중심으로)

  • Han, Sang In;Chang, Seog Ju
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.16 no.5
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    • pp.189-203
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    • 2021
  • Environmental changes, which are strongly requiring technological cooperation, such as technological development and strategic alliances according to industrial ecosystem change, have a significant impact on not only product quality but also services. Thus, there is a need for 'servitization' that can satisfy the needs of customers and the ecosystem of businesses through the convergence of manufacturing companies and services. This study uses the Expectation-Confirmation Model to examine the impact on user satisfaction and Continuance Usage Intention. Research(Study) was conducted on users who are using high-tech-based cars. For this, we used Expectation Confirmation(match expections for the user's pre-and post-use relationships), Perceived Ease, Perceived Usefulness, User Satisfaction and Habitual Use and using Continuance Usage Intention as a dependent variable. Their causation was examined with the spss 26.0 and smartpls 2.0 statistical programs. As implications of this study, Expectation Confirmation has been shown to have significant positive effects on Perceived Ease, Perceived Usefulness, User Satisfaction and Habitual Use. For this results, the expectations before and after the use of high-tech cars lead to improved daily lives convenience and(or) work efficiency, leading to user satisfaction and further Continuance Usage Intention. Motors consider it important to pursue the work improvements that consumers want and use it useful in daily lives in the production and sale of high-tech cars. It is expected that it will create natural habits for services that users are satisfied with, and that these habits will affect the continuous growth and understanding of the trend of change.

Relationship between Stock Market & Housing Market Trends and Liquidity (주식시장과 주택시장의 동향 및 유동성과의 관계)

  • Choi, Jeong-Il
    • Journal of Digital Convergence
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    • v.19 no.6
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    • pp.133-141
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    • 2021
  • Governments of each country are actively implementing fiscal expansion policies to recover the real economy after Corona 19. In Korea, the stock market and housing market are greatly affected as liquidity in the market increases due to the implementation of disaster subsidies and welfare policies. The purpose of this study is to analyze the relationship between stock market and housing market trends and liquidity. Data were collected by the Bank of Korea and Kookmin Bank. The analysis period is from January 2000 to December 2020, and monthly data are used. For empirical analysis, the rate of change from the same month of the previous year was calculated for each variable, and numerical analysis, index analysis, and model analysis were performed. As a result of the analysis, it was found that the stock index showed a positive(+) relationship with the house price, while a negative(-) relationship with M2. Previous studies have suggested that, in general, an increase in liquidity affects the stock market and the housing market, and inflation also rises. In this study, it was found that the stock market and the housing market had an effect on each other. However, it was investigated that liquidity showed an inverse relationship with the stock market and had no relationship with the housing market. Through this, this study estimated that there is a time difference in the relationship between liquidity and the stock market & housing market.

Effects of Water-deficit Stress on Yield and Chlorophyll Fluorescence in Rice during the Early Tillering Stage (분얼기 수분 스트레스가 벼 생육 특성 및 엽록소 형광 반응에 미치는 영향)

  • Han, Chae-Min;Shin, Jong-Hee;Kwon, Jung-Bae;Won, Jong-Gun;Kim, Sang-Kuk
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.67 no.2
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    • pp.77-84
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    • 2022
  • This study aimed to evaluate the growth, yield, and grain quality characteristics of rice varieties that were subjected to water stress during the tillering stage. We also sought to identify whether water stress could be indicated via the plants' response to chlorophyll fluorescence. In this study, we induced water stress by intentionally cutting off water for 30 days, starting 15 days after transplanting the rice varieties to a greenhouse. We analyzed nine rice varieties, including Ilpum, which is the most frequently cultivated variety in Gyeongsangbuk-do, South Korea. The control group was planted in a paddy field where irrigation was entirely dependent on rainfall. Our results revealed that the heading stage of the nine studied varieties occurred approximately ten days earlier in the rain shelter than in the field. Moreover, the rice yield, head rice rate, and palatability score decreased by 18.6%, 17.1%, and 8.3%, respectively, while protein content increased by 20.2% compared with the control group. The Saenuri and Haimi varieties showed the lowest reduction in yield under the water stress conditions, while the Daebo and Samkwang varieties showed the highest reduction in yield. The chlorophyll fluorescence response after re-irrigation was measured between July 30th and August 17th. The ratio of variable fluorescence to maximum chlorophyll fluorescence (FV/FM) values failed to recover to their baseline values, resulting in either no change or a reduction in fluorescent response, even after re-irrigation of Daebo and Samkwang varieties. These results can be utilized as empirical data for drought-affected farms to select resistant varieties that can respond to spring drought in the southern plains of Gyeongsangbuk-do.

Distribution Characteristics of Bending Properties for Visual Graded Lumber of Japanese Larch (육안등급으로 구분된 낙엽송 제재목의 휨성능 분포 특성)

  • Lee, Jun Jae;Kim, Gwang Chul;Kim, Kwang Mo;Oh, Jung Kwon
    • Journal of the Korean Wood Science and Technology
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    • v.31 no.5
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    • pp.72-79
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    • 2003
  • In reliability based design(RBD) method, the distribution characteristics of mechanical properties of material are basic input variable. Therefore, distribution type and parameters of mechanical properties should be determined accurately. Until now, the properties were derived from tests with small, clear specimens. However, the test conditions should emulate as nearly as possible the way in which the timber would be used in practice and the test results should, as closely as possible, reflect the structural end use conditions to which the timber products would be subjected. In this study, structural timbers (38mm by 140mm, 3.0m long) were graded by visual assessment of growth characteristics and defects. And then bending tests were conducted on 498 structural size timbers. For each grade, the distribution type and the parameters of mechanical properties were determined for each grade. For the determination of best-fit distribution type, comparing of square error between distribution types and KS test were conducted. Best-fit distribution type of bending strength(MOR) is weibull distribution for all grade. In case of MOE, normal distribution is best-fit.

Hail Risk Map based on Multidisciplinary Data Fusion (다학제적 데이터 융합에 기초한 우박위험지도)

  • Suhyun, Kim;Seung-Jae, Lee;Kyo-Moon, Shim
    • Korean Journal of Agricultural and Forest Meteorology
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    • v.24 no.4
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    • pp.234-243
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    • 2022
  • In Korea, hail damage occurs every year, and in the case of agriculture, it causes severe field crop and cultivation facility losses. Therefore, it is necessary to develop a hail information service system customized for Korea's primary production and crop-growing areas to minimize hail damage. However, the observation of hail is relatively more difficult than that of other meteorological variables, and the available data are also spatially and temporally variable. A hail information service system was developed to understand the temporal and spatial distribution of hail occurrence. As part of this, a hail observation database was established that integrated the observation data from Korea Meteorological Administration with the information from newspaper reports. Furthermore, a hail risk map was produced based on this database. The risk map presented the nationwide distribution and characteristics of hail showers from 1970 to 2018, and the northeastern region of South Korea was found to be relatively dangerous. Overall, hail occurred nationwide, especially in the northeast and some inland areas (Gangwon, Gyeongbuk, and Chungbuk province) and in winter, mainly on the north coast and some inland areas as graupel (small and soft hail). Analyzing the time of day, frequency, and hailstone size of hail shower occurrences by region revealed that the incidence of large hail stones (e.g., 10 cm at Damyang-gun) has increased in recent years and that showers occurred mainly in the afternoon when the updraft was well formed. By integrating multidisciplinary data, the temporal and spatial gap in hail data could be supplemented. The hail risk map produced in this study will be helpful for the selection of suitable crops and growth management strategies under the changing climate conditions.