• 한국기술혁신학회:학술대회논문집
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• 한국기술혁신학회 2017년도 춘계학술대회 논문집
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• pp.651-685
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• 2017

This study examines how experience diversity of chief technology officer (CTO) drives radical innovation of the firm, and the moderation effect of group attributes of top management team. Using data of 148 firms in U.S. manufacturing industries, this study finds that a CTO's diverse functional experience increases a firm radicalness, and diverse industrial experience also increases the radicalness. This study also examined the moderating effect of top management team (TMT) characteristics such as TMT size, TMT tenure, and gender composition in TMT. The positive relationship of CTO knowledge diversity and firm radicalness is weakened as TMT size or TMT tenure increased while the relationship is strengthened as gender diversity in TMT increased. These results of the analysis of firm-level radicalness provide implications for both academics and practitioners.

• 경영과정보연구
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• 제11권
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• pp.91-109
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• 2002

This study provides evidence on the determinants of variability in corporate ETRs(effective x rates). Specially, this study examined the association between ETRs, firm size, and variables proxying for firms' capital structure and asset mixes, while controlling for firms' profitability. Overall, results suggest that ETRs are associated with many firm-specific characteristics such as size, capital structure, asset mix, and profitability, and that some of these associations continued after Corporate Tax Law changes. In addition, although the results indicate that the association between ETRs and firm-specific characteristics have undergone a shift since tax law change, these firm-specific characteristics have continued to be associated with ETRs.

• 패션비즈니스
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• 제4권3호
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• pp.103-114
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• 2000

The purpose of this study was to test the discriminant analysis model of Quick Response system and to examine the detailed relationship between each discriminant factor and Quick Response adoption. In this discriminant analysis model of Quick Response system, firm size, strategic type, product category, fashion trend, selling time and the Quick Response benefits were included as discriminant factors. Onehundred and two subjects were randomly selected for the survey study and discriminant analysis, descriptive analysis, t-test, and x square test were used for the data analysis. The results of this study were: 1. Wilks Lambda and F value support the discriminant analysis model that, taken together firm size, strategic type, product category, fashion trend, selling time and the Quick Response benefits significantly help to explain Quick Response adoption. 2. The importance of discriminant ability was, in order, firm size, the Quick Response benefits, women's wear, fashion trend, analyzer, selling time, reactor, defender and men's wear. 3. The discriminant function had the high hit ratio, so this can be well used for the classification of Quick Response adoption/nonadoption.

• 노동경제논집
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• 제32권3호
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• pp.1-26
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• 2009

본고는 한국노동패널조사 1~10차년도 자료를 이용하여 정규직과 비정규직의 임금격차를 분석한다. 근로자 개인의 관찰되지 않은 이질성을 통제한 고정효과모형(fixed effect model)의 추정 결과에 의하면 정규직과 비정규직의 임금격차는 단순 횡단면 분석에서 나타난 임금격차의 약 50% 수준이다. 노동조합이 임금격차를 축소하거나 비정규직의 임금수준을 향상시킨다는 실증적 증거는 발견되지 않으며, 기업규모는 고용형태보다 임금수준에 더 큰 영향을 미치는 것으로 나타난다.

• 대한안전경영과학회지
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• 제1권1호
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• pp.231-239
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• 1999

CAPM explains the rate of return for the risk asset by $\beta$, systematic risk. There are some assumption in CAPM. But CAPM can not explain the movement of stock price sufficiently due to limitation of the assumptions. Therefore many scholars study which variables with the exception of $\beta$ effect on the rate of return of risk asset for supplementing this limitation by using PER, size of firm etc.. But it will be natural that PER, size of firm etc. to be determinant factors of $\beta$ also effect on the abnormal rate of return, because PER, size of firm etc. used in their studies already effect on determination of $\beta$, . That is, the determinant factors of $\beta$ effect on determination of abnormal rate of return according as $\beta$, effects on abnormal rate of return. Therefore, this study tests empirically how the determinant factors of $\beta$, effect on determination of$\beta$, ,and how $\beta$ and the determinant factor of $\beta$ effect on the abnormal rate of return in CAPM.

• 융합경영연구
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• 제10권6호
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• pp.9-16
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• 2022

Purpose: This research investigates the differences in knowledge exchange activities and performances between startups and large companies in software industry clusters. Research design, data, and methodology: Six independent factors of human resource information, R&D and technology, marketing knowledge, government support information, strategic knowledge, and cooperation information were extracted to test the firm size effect in the relationships with two performance factors such as satisfaction with industry cluster location and satisfaction with financial performances. Data were collected through a survey of entrepreneurs, managers, and employees and tested by statistical analysis methodologies. Results: Three independent factors of human resource information, R&D and technology, and cooperation information were particularly significant in the relationship with both dependent factors. Strategic knowledge significantly affected financial performance. Knowledge exchange activities were more important in startups than in large companies for all eight factors. Conclusion: Policies for software industry clusters need a different approach for startups and large companies.

• Asian Journal of Business Environment
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• 제9권2호
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• pp.35-46
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• 2019

Purpose - The purpose of this study is to find out the intellectual capital disclosure (ICD) and its determinants in the pharmaceutical and chemical industry of Bangladesh. Research design, data, and methodology - This research study is conducted on the listed firms of pharmaceutical and chemical industry in Bangladesh during the period of 2016 to 2017. This study develops a self-structured intellectual capital disclosure index; and the proxies of determinants of ICD are used as board characteristics (board size, independent directors and female directors), ownership structures (institutional ownership and director ownership), and firm characteristics (firm size, leverage and performance). The study uses a content analysis to analyze the extent of ICD and a pooled cross-sectional method to find the determinants of ICD. Research Findings - This study finds that intellectual capital disclosure is positively associated with firm size, leverage, and firm performance and negatively associated with director ownership and institutional ownership. This study also finds that there is no significant association of ICD with independent director or female director. Conclusions - The study recommends that the regulatory authority should develop mandatory guidelines on ICD for ensuring proper and consistent disclosure about the intellectual capitals. Besides, the companies should include a separate section in the annual reports to disclose the measurement and management of intellectual capital.

• Asian Journal of Innovation and Policy
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• 제12권2호
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• pp.155-176
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• 2023

This paper employs datasets from the Enterprise Survey conducted by the World Bank to examine the relationship between four types of innovation defined by the Oslo Manual (OECD, 2005): product innovation, process innovation, marketing innovation, organization innovation, and the firm performance in the selected developing ASEAN economies. The main objective of this paper is to understand the characteristics of innovation activities at the firm level and how various innovation types affect firm performance. The empirical results from ASEAN manufacturing firms reveal that product innovation positively affects firms' performance, while non-technological innovations are negatively related to the performance of firms. The further employed quantile regression provides more insights into the roles of innovation types on different levels of firm performance: while product and process innovations actively contribute to the small and medium-size firms (below 25^th quantile and median), organizational and marketing innovations negatively affect them. Interestingly, the role of process innovation decreases when firm performance grows.

• 한국산학기술학회논문지
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• 제17권7호
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• pp.63-76
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• 2016

R&D 연구 투자의 문제점의 하나는 불확실성이 크다는 점이다. 이러한 불확실성이 기업에는 많은 부담을 주는 요인이 될 수 있다. 이러한 면에서 R&D 투자가 기업 가치에 양(+)의 영향을 미치기까지의 시간을 측정할 수 있는 연구의 필요성이 있다고 보여진다. 본 연구는 GMM-PVAR(Panel Vector Autoregression) IRF(Impulse Response function)를 사용하여 1900년부터 2015년까지 한국거래소의 코스피와 코스닥시장에 상장된 기업을 대상으로 R&D 투자가 기업가치에 양(+)의 영향을 미치기까지 걸리는 시간을 측정 하였다. 또한 기업의 재무적 특성 변수 중 기업의 크기, 성장 가능성, 그리고 산업 집중율이 R&D 투자가 기업가치에 양(+) 영향을 미치기까지 걸리는 시간을 단축시킨다는 점을 발견하였다. 그것은 이들 재무적 특성변수 들이 R&D 투자와 기업가치간의 관계에 긍정적인 영향을 미칠수록 즉 경쟁이 심화될수록 크기가 클수록 시간이 단축되며 작은 기업의 경우는 성장 가능성이 높을수록 시간이 단축되는 경향을 보였다. 흥미 있는 점은 큰 기업들의 경우에는 성장가능성이 낮은 기업들이 성장가능성이 높은 기업들보다 더 큰 양의 결과를 보였다.

• The Journal of Asian Finance, Economics and Business
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• 제7권1호
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• pp.19-27
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• 2020

This paper aims to empirically study the determinants of liquidity of Indian listed firms. To account for profit persistence, we apply a (pooled, fixed and random) effect models to a panel of Indian listed firms that covers the time period from 2010 to 2016. This study consists of 2154 firms operating in Indian market. Liquidity (LQD) of Indian firms is measured by liquid assets to total assets, whereas bank size, capital adequacy, profitability, leverage, and firm age are used as internal determinants. Further, economic activity, inflation rate, exchange rate, and interest rate are the external factors considered. The findings reveal that leverage, return on assets, and firm age are the essential internal determinants that impact the liquidity of Indian listed firms. Furthermore, among the internal determinants, the results indicate that firm size, leverage ratio, return on assets ratio, and firm age are found to have a significant positive association with firms' LQD, except leverage ratio and firm age has a negative relationship with firms' LQD. From this result, this article has provides helpful ideas and empirical evidence on the inner and external determinants of the companies mentioned in India is very useful to bankers, analysts, regulators, investors and other stakeholders.