• 한국철도학회:학술대회논문집
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• 한국철도학회 2010년도 춘계학술대회 논문집
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• pp.1558-1566
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• 2010

After the establishment of 'Staggers' Rail Legislation' in 1980, which established an atmosphere of free competition in rail freight transportation market, freight railway in America became larger and the proportion of freight railway in the market increased. In 2008, it took up 43% of the transportation market based on tonne/mile unit and the productivity of freight rail increased. On the other hand, in the case of Korea, the competing atmosphere is being set up under the influences of the renovation of the rail transportation industry in 2004. However, to make the rail transportation market more active and become more advanced, a lot of efforts are required to build a stronger foundation of free competition atmosphere. In this paper, we have deducted the political implications on the establishment of strengthened competition in Korean rail transportation industry from reviewing what kind of changes the rail transportation market in America went through and how it was developed. In this case, we have focused on the changes in industrial trend towards the restriction policy. Also influences of the deregulation policy after 1980 on the enhanced market efficiency were reviews.

• Asia Marketing Journal
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• 제17권1호
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• pp.27-53
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• 2015

Learning organization has been an important issue in both management and marketing areas. Also learning capability is a key construct of innovation process in a firm. Especially, in marketing context, several researchers have studied market-based learning and its relation with performance. Previous studies have shown that market-based learning has a positive impact on overall firm performance. However, there has been inconsistency in the concept of market-based learning itself and its relationships with antecedents and consequences. Given this conflicting and inconsistent results of previous research, this study has two main objectives. First, this paper proposed a conceptual framework that marketbased learning has two types of processes and each types of market-based learning will generate different types of performance. Second, the mediating role of marketing capability in learning-performance link is proposed. The proposed conceptual framework shows that organizations which have marketbased learning for innovation management can enjoy ambidextrous firm performance on both side of effectiveness and efficiency via marketing capability. Moreover our research model proposes key drivers of market based organizational learning.

• 자원ㆍ환경경제연구
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• 제17권1호
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• pp.23-49
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• 2008

본 연구는 우리나라 전력산업의 구조개편이 발전회사의 효율성 변화에 미친 영향을 측정한다. 이를 위해 1990년부터 2005년까지의 세부적인 발전회사별 불균형(unbalanced) 패널데이터를 사용하여 기업의 비용최소화 조건으로부터 도출된 요소수요함수와 연료의 효율적인 사용을 의미하는 발열량(caloric consumption)의 함수를 추정한다. 회귀분석 결과에 따르면 발전회사는 각각 2001년 자회사로 분할된 이후와 1999년 구조개편기본안이 확정되어 발표된 이후에야 비로소 비용을 절감하고 인원을 감축한 것으로 나타났다. 그러나 발열량의 변화를 추정한 회귀방정식의 결과에 따르면 다양한 구조개편의 영향하에서도 연료사용의 효율성이 증가하지 않은 것으로 나타났다. 이러한 본 연구의 분석 결과는 그 동안 경제학자들이 꾸준히 제기하여온 전력산업의 구조개편에 대한 당위성을 실증적으로 뒷받침한다.

• Transactions on Electrical and Electronic Materials
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• 제15권4호
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• pp.201-206
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• 2014

LED lighting,considered to be a new growth industry, has attracted a great deal of attention due to its higher illumination and longer life time than existing light sources. In this study, high-efficiency and long-life LED fog lamps for automobiles were developed, which can substitute the existing 27 W halogen fog lamps for a used car market. For this purpose, the number of LED modules, the body, heat sink, and the output of the fog lamp were first optimized through a numerical analysis. Then, a 10 W-class LED fog lamp was prototyped based on the optimized numerical model, and the performance of the fog lamp was successfully verified through the experiments.

• 제어로봇시스템학회:학술대회논문집
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• 제어로봇시스템학회 2005년도 ICCAS
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• pp.616-620
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• 2005

The technology of high-speed electrical machines is particularly relevant to applications involving electrical power generation and high-speed motors with high power density and high efficiency. Due to the development of improved materials for electrical machines, power electronic elements and design technology, the high-speed electrical machines are being rapidly introduced into industrial applications. The introduction of high-speed electrical machines has created a new market for electrical machines and will, as an application, contribute to the development of modern electrical machines. This paper deals with applications and market trends and KERI's activities in high-speed electrical machines.

• 한국건축시공학회:학술대회논문집
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• 한국건축시공학회 2013년도 춘계 학술논문 발표대회
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• pp.265-267
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• 2013

Recently, It is being reduction to market of the domestic construction industry for the instability of the domestic market structure. So it is necessary to plan response measures for to ensure the competitiveness of the construction market of overseas. The purpose of the study is suggest of improvement of the project delivery system for the efficiency of the construction of the unit modular housing of considering the reducing cost and technological competitiveness of the domestic construction industry.

• 재무관리연구
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• 제25권1호
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• pp.1-22
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• 2008

본 연구에서는 영국의 파운드화, 일본의 엔화 등 선진 통화선물시장과 한국의 원화, 멕시코의 페소화, 브라질의 리알화 등 신흥 통화선물시장의 효율성을 측정 및 비교하고자 하였다. 본 연구의 분석에 이용된 자료는 시카고상업거래소(CME)에 상장되어 있는 영국 파운드화, 일본 엔화, 멕시코 페소화, 브라질 리알화 통화선물가격과 한국증권선물거래소(KRX)에 상장되어 있는 한국 원화 통화선물가격과 이에 대응되는 각 국가의 현물환율 자료이며, 각 국가의 선물가격과 현물환율은 미국달러를 기준통화로 하는 유럽식 표기법으로 표시하였다. 선물가격은 잔차항의 자기상관 문제를 야기할 수 있는 중복된 기간을 피하기 위하여 표본기간동안 동일한 간격인 만기 14일전과 만기 28일전의 선물가격으로 구성하였다. 본 연구의 주요결과는 다음과 같이 요약할 수 있다. 첫째, 신흥통화 선물시장의 한국 원화 선물 가격은 선진통화 선물시장의 일본 엔화 선물가격과 함께 예측기간에 관계없이 만기일 실현 현물 환율의 불편추정치로서, 위험프리미엄이 없이 만기일 실현 현물환율을 예측하고 있다. 둘째, 한국 원화 선물가격은 브라질 리알화와 멕시코 페소화 등 다른 신흥통화 선물시장의 선물가격과 달리 위험프리미엄이 없이 만기일 실현 현물환율을 예측하고 있다. 셋째, 통화선물의 종류, 예측기간, 검증방법에 따라 불편기대가설의 검증 결과는 달라질 수 있음을 보여주고 있다. 넷째, 일본 엔화와 영국 파운드화 등 선진통화 선물시장간의 상대적 효율성을 비교하면, 일본 엔화 선물시장의 효율성 측정치는 27.06%로 영국 파운드화 선물시장의 효율성 측정치 26.87% 보다 높게 나타나고 있어 일본 엔화 선물시장이 영국 파운드화 선물시장보다 효율적임을 보여주고 있다. 다섯째, 한국 원화, 브라질 리알화와 멕시코 페소화 등 신흥통화 선물시장간의 상대적 효율성을 비교하면, 한국 원화 선물시장의 효율성은 20.77%로 측정되어, 멕시코 페소화 선물시장의 효율성 측정치 11.55%, 브라질 리알화 선물시장의 효율성 측정치 4.45% 보다 높게 나타나고 있어 한국 원화 선물시장이 다른 멕시코 페소화 및 브라질 리알화 등 다른 신흥통화 선물시장보다 효율적임을 보여주고 있다. 끝으로 통화선물시장의 상대적 효율성 측정치는 예측기간에 따라 영향을 받으며, 예측기간이 짧을수록 효율성 측정치가 개선되고 있음을 보여준다.

• 유통과학연구
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• 제17권5호
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• pp.61-72
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• 2019

Purpose - In this study, we try to measure the efficiency of the traditional market and university cooperation projects and present the direction of policy improvement for the near future by converging the system, which exerts to secure the competitiveness and revitalize its centered-city, and the recent policies that have new business and social Research Design, Data, and Methodology - In order to improve this situation, this study uses Data Envelopment Analysis (DEA) to evaluate the effectiveness of the policy project and propose its evaluation results. Also, we want to derive the weight calculation for utilizing DEA by using AHP method. Results - This study's results were derived from the input and output variables, so instead of qualitative analysis, the conclusion was drawn out from the quantitative analysis. Through this quantitative analysis method, we had an opportunity to identify the characteristics of each site by each year. Conclusions - It is believed that the reliability of the results can be further improved if the qualitative part can be supplemented its unique characteristics of the model which only considers the simple quantitative aspect. Further studies should be undertaken as these sectors are expected to draw out fruitful research conclusion when these aspects were supplemented additionally, so continuous additional study is essential.

• The Journal of Asian Finance, Economics and Business
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• 제9권5호
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• pp.41-51
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• 2022

The research looks into the impact of stock split announcements on stock prices and market efficiency in the Colombo Stock Exchange (CSE). This research uses a sample of 26 stock split announcements that occurred between 2020 and June 2021. According to the Global Industry Classification Standards, the stock split announcements covered in the study pertain to 26 businesses and 9 industries (GICS). To obtain the results, the usual event research methodology is used. The findings demonstrate significant average abnormal returns of 15.01 percent on the day the stock split news is made public and abnormal returns of 4.11 percent and -4.05 percent one day before and after the stock split announcement date, respectively. The study's findings revealed significant positive abnormal returns one day before the disclosure date, indicating information leakage, and significant negative abnormal returns the next day after the announcement date, indicating CSE informational efficiency. Because stock prices adapt so quickly to public information, these findings support the semi-strong form efficient market hypothesis, which states that investors cannot gain an abnormal return by trading in stocks on the day of the stock split announcement.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.185-195
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• 2020

This study examines the association between governance quality at country level and stock market performance. Specifically, the study investigates the influence of control of corruption, government effectiveness, political stability and absence of violence, rule of law, regulatory quality, and voice and accountability on all-share index of the stock markets of the six Gulf Cooperation Council (GCC) countries. This study is anchored on two theories - the Efficient Market Hypothesis (EMH) and Institutional Theory. The study employs panel data spanning from 2006 to 2017. The findings show that political stability and absence of violence and rule of law exhibit a significant positive impact on stock market performance, while regulatory quality and voice and accountability have a significant, but negative relationship with stock market performance. The results imply that quality of governance in terms of rule of law and political stability devoid of violence have strong impact on stock market returns. Similarly, improved stock market returns are largely dependent on the efficiency of the institutional environment of market as investors are always wary of the inherent risks associated with the uncertainty of the market. This study has crucial policy implications for the government of the GCC countries and stock market participants.