• 동남아시아연구
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• 제19권1호
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• pp.1-27
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• 2009

In the global economy, Korean foreign direct investment (FDI) to Southeast Asian countries expands rapidly as the countries try to make attracting investment strategies and to improve their investment condition. This paper, using panel-data for 2004-2006 in Indonesia, Vietnam and Malaya which are the main countries of Korean FDI for last ten years, shows analysis of the Korean FDI performance in Southeast Asia and compares the Korean firms' achievement with the case of China. According to the forty nine firms' official sources in Indonesia, Vietnam and Malaya, presented to the Export-Import Bank of Korea, over fifty percent of FDI consists of M&A. And Korean FDI has concentrated in the manufacturing industry. In order to measure the FDI performance, the study sets a regression function; operating profit ratio is the dependent variable and the total sales, expert ratio and investment period are the independent variables representing firms' volume, purpose of FDI and firms' adaptation to the local countries.

• 기술혁신연구
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• 제18권1호
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• pp.75-98
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• 2010

본 연구는 정부의 대표적인 상용화 기술혁신정책인 산업기술개발사업의 성과에 영향을 미치는 요인을 분석함으로써 관련 정책결정자에게 정책적인 시사점을 주는데 목적이 있다. 이를 위해 2003년부터 2007년간 종료된 산업기술개발사업을 대상으로 정부가 중요하게 고려하는 정책요인별로 가설을 형성하였다. 사업을 수행한 주관기관의 유형(대기업, 중소기업, 벤처기업, 연구소, 대학)에 따라 R&D성과에 차이가 있는지, 산학연간의 협력 개발이 단독 개발에 비해 R&D성과가 나은지, 과제 참여기관 수와 R&D성과의 관계, 과제 총금액의 크기와 R&D성과의 관계, 과제 총금액에서 차지하는 민간 총투자금의 비중과 R&D성과의 관계 등을 검증하고 있다. R&D성과는 산업기술개발사업의 제1차적 성과물인 특허등록건수와 논문게재건수로 측정하였다. 포아송 회귀분석 결과, 기업이나 연구소에 비해 대학이 특허 및 논문 차원의 R&D성과가 높은 것으로 나타났으며, 벤처기업의 특허 성과는 중소기업의 특허성과에 비해 높은 것으로 나타났다. 산학연의 협력개발은 단독개발에 비해 대체적으로 R&D성과가 높고, 과제 총금액이 클수록 R&D성과가 높으며, 민간 총 투자금의 비중이 높을수록 대체적으로 R&D성과가 높은 것으로 나타났다. 과제 참여기관의 수와 R&D성과간의 역U자형 관계 가설은 지지되지 않았다.

• 산업경영시스템학회지
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• 제37권4호
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• pp.202-211
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• 2014

Pairs trading is a type of arbitrage investment strategy that buys an underpriced security and simultaneously sells an overpriced security. Since the 1980s, investors have recognized pairs trading as a promising arbitrage strategy that pursues absolute returns rather than relative profits. Thus, individual and institutional traders, as well as hedge fund traders in the financial markets, have an interest in developing a pairs trading strategy. This study proposes pairs trading rules (PTRs) created from a price ratio between securities (i.e., stock index futures) using rough set analysis. The price ratio involves calculating the closing price of one security and dividing it by the closing price of another security and generating Buy or Sell signals according to whether the ratio is increasing or decreasing. In this empirical study, we generate PTRs through rough set analysis applied to various technical indicators derived from the price ratio between KOSPI 200 and S&P 500 index futures. The proposed trading rules for pairs trading indicate high profits in the futures market.

• 한국콘텐츠학회논문지
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• 제15권6호
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• pp.445-454
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• 2015

본 연구는 우리나라 코스닥 제약기업을 대상으로 소유구조가 제약기업의 연구개발투자(R&D)에 미치는 영향을 분석하였다. 실증분석을 위한 표본은 2000년부터 2012년까지 상장된 기업들 중 코스닥 제약기업을 대상으로 하였으며사용된 전체 표본은 13개년 자료로써 358개 관측치를 가진 불균형패널자료이다. 본 연구에 사용된 주요 변수들 중 개별기업 별 재무자료는 상장회사 협의회의 TS-2000을, 임원현황 및 주주분포 등은 금융감독원 전자공시 시스템의 각 기업 사업보고서 자료를 통해 자료를 직접 수집하였으며 기업나이, 기업크기 등은 NICE신용평가정보의 KISVALUE-III 등의 자료를 참고하였다. 연구결과, 첫째 주요주주율과 외국인투자율은 연구개발투자에 긍정적인 영향을 미쳤다. 둘째, 사외이사율은 연구개발투자에 부정적인 영향을 미쳤다. 셋째, 기관투자율은 통계적으로 유의한 결과를 미치지 못했다.

• 공학논문집
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• 제6권2호
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• pp.141-151
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• 2004

금합금계 매몰재 재료의 물리적 특성은 각각 열팽창계수과 압축강도, 입도 분포에 크게 좌우된다. 일반적으로 금합금계 매몰재는 cristobalite와 quartz, plaster로 주성분을 구성하고 있다. 그리고 cristobalite와 quartz의 열팽창계수는 $2.6\times10^{-6}/^\circC$, $2.32\times10^{-6}/^\circC$, 로 이 두 재료의 혼합비가 매몰재의 열팽창 계수를 변화시키는 매우 중요한 역할을 하고 있다. 현재 국내에서는 금합금계 매몰재는 전량 수입에 의존하고 있고 그 시장 수요 또한 대단히 크다. 따라서 균일한 입도 분포를 가지는 cristobalite와 quartz의 개발과 주조금속의 열팽창과 냉각에 따른 수축력을 고려한 열팽창계수를 가지면서 매몰재의 요구강도에 적합한 압축강도를 가지는 금합금계 매몰재의 개발이 필수적이다. 따라서 본 연구에서는 먼저 균일한 입도를 갖는 cristobalite와 quartz 분체의 제조와 cristobalite와 quartz의 혼합비에 따른 열팽창계수와 압축강도를 비교 분석하였다. 본 연구의 결과로 표면이 매끄럽고 균일한 입도 분포를 갖는 cristobalite와 quartz를 제조하였으며, cristobalite와 quartz의 혼합비가 45:25가 열팽창계수와 압축강도에서 매몰재가 요구하는 조건을 만족하였다.

• 대한치과보철학회지
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• 제28권1호
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• pp.137-163
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• 1990

The properties of a investment material can be described by the consistency at the slurry state, the setting time, the compressive strength and the thermal expansion during the casting. In this study the effect of the production parameters which are included the ratio of quartz and cristobalite, the content of binder, the water powder ratio and the content and concentration of additives on the Properties of the gypsum-bonded investments has been investigated with help of the consistency test, the vicat needle test, the compressive strength test, the thermal expansion test, x-ray diffraction and DTA thermal differential test. The experimental results showed that the constitution of a investment with W/P ratio of 0.34, 30% of gypsum, 0.8% aluminium sulfate, 2% magnesium sulfate, 0.6% sodium phosphate was adapted for the properties of the KDA Spec. No. 13 type I investment. The important experimental results are summarized as follows. 1. The consistency of the investment decreased with increasing amount of aluminium sulfate and decreasing amount of sodium phosphate. An addition of magnesium sulfate up to 2% an increase of the consistency was shown. But 3% magnesium sulfate in investment showed a decrease of the consistency. The consistency did not vary significantly with a variation of the content of gypsum and cristobalite and the W/P ratio. 2. Aluminium sulfate and the magnesium sulfate promoted the hardening and the aluminium phosphate delayed the hardening. The setting time increased with amount of gypsum. The effect of the matrix on the setting time was insignificant. With the W/P ratio of 0.34 the setting time was 14 min. 3. The compressive strength decreased with the amount of aluminium sulfate up to 0.25% and increased with the amount of aluminium sulfate greater than 3%. The compressive strength decreased as decreasing the amount of magnesium sulfate and gypsum and as increasing the W/P ratio. The effect of the refractory on the compressive strength was also not significant. With the W/P ratio of 0.34 the compressive strength was $34Kg/mm^2$. 4. The 1st thermal expansion was found at the temperature near and the steady state or the contraction stage was found at the temperature between $250^{\circ}C$ and $500^{\circ}C$. After this stage the 2nd thermal expansion took place at the temperature near $500^{\circ}C$. The amount of thermal expansion increased with decreasing the content of magnesium sulfate, aluminium sulfate and gypsum and the W/P ratio. And the amount of thermal expansion increased as the content of sodium phosphate and cristobalite. With the W/P ratio of 0.34 the amount of total expansion was 1.2%.

• 대한치과보철학회지
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• 제29권1호
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• pp.139-165
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• 1991

The properties of a investment material can be described by the consistency at the slurry state, the setting time, the compressive strength and the thermal expansion during the casting. In this study the effect of the production parameters which are included the ratio of quartz and cristobalite, the content of binder, the water powder ratio and the content and concentration of additives on the properties of the gypsum-bonded investments has been investigated with help of the consistency test, the vicat needle test, the compressive strength test, the thermal expansion test, x-ray diffraction and DTA thermal differential test. The experimental results showed that the constitution of a investment with W/P ratio of 0.34, 30% of gypsum, 0.8% aluminium sulfate, 2% magnesium sulfate, 0.6% sodium phosphate was adapted for the properties of the KDA Spec. No. 13 type I investment. The important experimental results are summarized as follows. 1. The consistency of the investment decreased with increasing amount of aluminium sulfate and decreasing amount of sodium phosphate. An addition of magnesium sulfate up to 2% an increase of the consistency was shown. But 3% magnesium sulfate in investment showed a decrease of consistency. The consistency did not vary significantly with a variation of the content of gypsum and cristobalite and the W/P ratio. 2. Aluminium sulfata and the magnesium sulfate promoted the hardening and the aluminium phoshpate delayed the hardening. The setting time increased with amount of gypsum. The effect of the matrix on the setting time was insignificant. With the W/P ratio of 0.34 the setting time was 14 min. 3. The compressive strength decreased with the amount of aluminium sulfate up to 0.25% and increased with the amount of aluminium sulfate greater than 3%. The compressive strength decreased as decreasing the amount of magnesium sulfate and gypsum and as increasing the W/P ratio. The effect fo the refractory on the compressive strength was also not significant. With the W/P ratio of 0.34 the compressive strength was $34Kg/mm^2$. 4. The 1st thermal expansion was found at the temperature near $250^{\circ}C$ and the steady state or the contraction stage was found at the temperature between $250^{\circ}C$ and $500^{\circ}C$. After this stage the 2nd thermal expansion took place at the temperature near $500^{\circ}C$. The amount of thermal expansion increased with decreasing the content of magnesium sulfate, aluminium sulfate and gypsum and the W/P ratio. And the amount of thermal expansion increased as the content of sodium phosphate ad cristobalite. With the W/P ratio of 0.34 the amount of total expansion was 1.2%.

• 한국콘텐츠학회논문지
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• 제21권2호
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• pp.1-14
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• 2021

최근 일반 대중을 대상으로 한 콘텐츠 투자 플랫폼 중 하나로 크라우드펀딩 플랫폼이 주목받고 있다. 본 연구는 영화 크라우드펀딩 프로젝트 요인이 크라우드펀딩 달성률에 미치는 영향을 살펴보고자 하였다. 이를 위해 크라우드펀딩 플랫폼에 게시된 영화 프로젝트의 주요 정보를 변인화하였다. 텍스트 수, 이미지 수, 스타파워, IP 기반 영화 여부, 영화 제작 단계, 박스오피스 예측, 투자 자금 비율, 투자 가능 여분 금액, 수익 정산 방식, 최소 투자 금액 조건을 독립변인으로 설정하였으며, 이들 변인이 크라우드펀딩 달성률에 어떠한 영향을 미치는지 살펴보았다. 다중회귀분석을 실시한 결과, 영화 제작 단계, 투자 자금 비율, 투자 가능 여분 금액, 수익 정산 방식이 종속변인에 유의미한 영향을 미치는 것으로 확인되었다. 본 연구는 탐색적 접근법을 통해 영화 크라우드펀딩 프로젝트의 흥행에 영향을 미치는 변인을 발굴하였다는 점에서 의의가 있다. 또한, 본 연구의 결과는 영화 크라우드펀딩 프로젝트 기획 시 실무적 자료로 활용될 수 있을 것이다.

• 한국지능정보시스템학회:학술대회논문집
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• 한국지능정보시스템학회 1999년도 추계학술대회-지능형 정보기술과 미래조직 Information Technology and Future Organization
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• pp.355-361
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• 1999

An application of case-based reasoning is proposed to build an influence diagram for identifying successful new ventures. The decision to invest in new ventures in characterized by incomplete information and uncertainty, where some measures of firm performance are quantitative, while some others are substituted by qualitative indicators. Influence diagrams are used as a model for representing investment decision problems based on incomplete and uncertain information from a variety of sources. The building of influence diagrams needs much time and efforts and the resulting model such as a decision model is applicable to only one specific problem. However, some prior knowledge from the experience to build decision model can be utilized to resolve other similar decision problems. The basic idea of case-based reasoning is that humans reuse the problem solving experience to solve a new decision. In this paper, we suggest a case-based reasoning approach to build an influence diagram for the class of investment decision problems. This is composed of a retrieval procedure and an adaptation procedure. The retrieval procedure use two suggested measures, the fitting ratio and the garbage ratio. An adaptation procedure is based on a decision-analytic knowledge and decision participants knowledge. Each step of procedure is explained step by step, and it is applied to the investment decision problem in new ventures.

• 기술혁신학회지
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• 제6권3호
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• pp.279-297
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• 2003

The purpose of this paper is to analyze the determinants of company R＆D investment with zero observations by using the data of R＆D Scoreboard published by Ministry of Science and Technology(2002). Conventional parametric approach to dealing with zero investments is not robust to heteroscedastic and/or non-normal error structure. Thus, this study applies symmetrically trimmed least squares(STLS) estimation as a semi-parametric approach to dealing with zero R&D investments. The result of specification test indicates the semi-parametric approach outperforms the parametric approach significantly. Moreover, the results of the study provide various implications as summarized below. The R&D investment of IT company is larger than that of non-IT company. The R&D investment has a positive relation to foreigners' investment ratio. The higher degree of financial self-reliance is, the larger the R&D investment is. Firm size variables such as sales amount and the number of workers are positively related to R&D investment. The sales elasticity of R&D investment is larger than one. However, the workers elasticity of R&D investment is smaller than one.