• Proceedings of the Technology Innovation Conference
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• 2005.02a
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• pp.268-286
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• 2005

본 연구에서는 OECD 주요 10개국을 대상으로 국가별 정보통신산업의 성장 추이를 각각 분석하고 국별 특성을 비교하는데 목적이 있다. 이를 바탕으로 각국의 정보통신산업이 경기순환 또는 단계별 발전 속성을 지니고 있는지를 파악하고 국가별 공통점과 특이점을 분석하고자 하였다. 방법론적으로 OECD 국가들의 정보통신산업 GDP 추이 및 성장률의 움직임을 국면전환 (regime change) 확산과정으로 묘사함으로써 각 국가별 정보통신산업 발전 양상의 특징 및 국면전환 시점 등을 포착해 내고자 하였다 추세를 갖는 대표적 확산과정인 GBM 모형과 평균회귀 성향을 갖는 대표적 확산과정인 Vasicek 모형에 각각 마코프 국면전환을 도입하여 국가별 정보통신산업 GDP 및 GDP 성장률의 추이에 있어 국면 전환 여부와 독특한 발전 특성을 비교 분석하였다. 실증분석 결과 정보통신산업 GDP의 성장률과 변동성 사이에는 높은 상관관계가 있었으며, 한국, 멕시코 등은 고성장, 고변동성을, 미국, 프랑스, 일본 등은 저성장, 저변동성의 특성을 보이는 것으로 나타났다 또한 한국의 경우 유일하게 성장률과 변동성 모두 국면전환이 일어나는 국가로 나타났다. 장기평균 성장률의 특성에 따라 분류한 결과, 한국, 일본, 미국, 멕시코, 뉴질랜드는 고성장에서 저성장으로의 국면전환, 핀란드와 덴마크는 경기 순환적 국면전환, 노르웨이, 프랑스, 캐나다는 단일 국면으로 분류할 수 있었다. 특히 한국의 경우 평균회귀 속도와 변동성이 타 국가에 비해 높은 특성을 보여주었다. 본 연구는 정보통신산업을 미시적 분석이나 세부 항목별 정량적 분석을 통해서가 아니라 산업의 발전 속성 및 경기 순환 등의 관점에서 분석함으로써 정보통신산업 정책의 수립 및 집행을 거시적 안목 하에 정립할 수 있게 한다는 데 의의를 가진다. 또한 경제변수를 묘사하는데 있어 국면전환 확산과정을 사용함으로써 향후 실물옵션 등을 통한 기술 및 무형자산의 가치평가에 있어 기초자산의 움직임을 보다 정확히 포착해 낼 수 있는 프로세스를 제공하였다는데 또 다른 의의를 갖는다고 하겠다.

• Journal of Digital Convergence
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• v.17 no.10
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• pp.141-147
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• 2019

This paper analyzes the price movements and the possibility of delisting by research and development intensity of firm which made technological innovation disclosure in the Korean stock market. The sample consists of firms listed on the KRX which made technological information disclosure between January 2002 and December 2014. The results are summarized as follows. The higher R&D intensity is observed for the delisted firms group. The logit regression result shows that the research and development intensity is a significant predictor of the possibility of delisting. This shows that exposure to the risk of delisting may increase as the proportion and uncertainty of intangible assets in the assets of individual firms increases. This empirical result is expected to serve as a good guide line for the stakeholders.

• Proceedings of the Korea Water Resources Association Conference
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• 2020.06a
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• pp.143-143
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• 2020

수도권에 용수를 공급하는 팔당유역은 경제, 사회, 환경적으로 매우 중요한 공공의 자산이며, 이러한 자산을 누리는 데에 이어 국민 모두가 공평한 혜택을 받을 필요가 있다. 수량과 수질의 만족도는 곧 지역민들의 복지이며, 복지는 삶의 질을 높여주는 것을 의미한다. 팔당유역에서는 인간의 개발행위로 인해 하천과 생태계의 지속적인 훼손과 방치가 발생하며, 팔당유역에 대한 수도권과 지역주민들의 사회적, 문화적 요구가 증가함에 따라 수자원의 안정적인 확보와 하천의 자연성 회복을 위해 유역 건전성 평가가 필요하다. 따라서 본 연구에서는 팔당유역 수량과 수질의 평가지표에 대한 과거 10년 동안의 기초자료를 수집하여 SPSS를 통해 통계분석을 실시하였다. 통계분석을 통해 도출된 결과를 이용해 가중치를 산정한 후 각 하천에 대한 유역 건전성 지수산정과 등급평가를 하여 표준유역 규모의 하천 변화 정도에 대한 상세평가를 통해 지역별 현황을 쉽게 파악할 수 있도록 하였다. 수량에 대한 기초자료는 TANK모형을 통해 자연유출량을 산정 후 관측유량과의 차이를 이용하여 산출하였으며, 수질에 대한 기초자료는 물환경정보시스템을 통해 수집하였다. 기초자료를 기반으로 왜곡된 자료의 정규성 확보 및 표준화를 수행하고, SPSS 프로그램을 이용하여 요인분석을 실시한 후 적합성 검토를 통해 최종지표를 산정하였다. 산정된 지표를 주성분 분석에 의한 가중치, 엔트로피에 의한 가중치를 산정하여 비교 후 최종 가중치를 선정하였다. 유역 건전성의 최종평가를 위해 가중치와 지표를 이용하여 지수산정 및 등급화를 실시하였다. 유역 건전성의 등급화를 통해 연도별 하천환경의 변화를 모니터링 함으로써 하천의 가치 보전과 개발에 따른 영향을 최소화할 수 있으며, 하천기본계획 수립 시 기초정보로 이용될 수 있을 것이다.

• 한국노년학
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• v.30 no.4
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• pp.1045-1058
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• 2010

Based on Rawl's Justice Theory, the author examines the rationales for educating older adults and advocates for their needs for just distributions of educational resources and opportunities. The author also seeks policy implications for establishing just educational systems for older citizens. On the basis of Rawl's Justice Theory, the essential principles for realizing social justice are presented. The author points out the Veil of Ignorance and Rational Indifference. As the practical methods for achieving social justice, the author presents Exclusion of Coincidence, Difference Principle, Democratic Equality, and Common Asset. Implications for establishing just education systems for older adults include: 1) The least advantaged groups such as older adults, females, and the disabled should not be discriminated in the distribution of educational resources; 2) People with higher capacities are obliged to serve less capable people; and 3) Older adults should mobilize all resources to empower themselves and to develop their potentials. The author concludes that Rawl's Justice Theory can be tapped into as a useful ideological framework in order to expand educational resources and opportunities for older adults.

• Asia Marketing Journal
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• v.6 no.3
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• pp.99-121
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• 2004

Using Keller's customer-based brand equity framework, we attempt to understand and analyze marketing efforts that Pigeon has made to build the most valuable brand in the fabric softner marketing over the last 25 years. Our analysis revealed that first, Pigeon has developed and executed its brand system, brand elements, and marketing programs in a consistent and complementary way. Second, Pigeon's dedication to R&D as well as to customer needs has enabled it to offer a series of successful products with high quality and great value. Third, Pigeon has made good use of both scientific and intuitive approaches in the strategic management process. Lastly, the power leadership of the top management and its emphasis on personnel made a significant contribution to the success of Pigeon.

• Cartoon and Animation Studies
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• s.28
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• pp.155-180
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• 2012

This article is to propose a conceptual framework for the One Source Multi Use (OSMU) strategic model of culture content. In this study, OSMU is defined as a series of marketing activities to increase the value created by culture content. The framework of brand equity strategy is applied to develop the strategic model of OSMU, as both share the same goal - maximization of long term value created by brand or culture content. This article suggests the brand identity-based OSMU strategic model, in which the brand identity of culture content guides, integrates, and coordinates every decision-making of OSMU activities. For the maximization of brand equity value of culture content, the copyright holder of original content should decide the content's brand identity, which should provide the criteria of all decision makings regarding window strategy, adaptation of content to other genre, and merchandising. This brand identity-based OSMU strategic model can not only contribute to the sales of OSMU content, but also the creation of high equity culture content in the long run. Also, the model allows monitoring and evaluation of content's brand equity, which can be used for the strategic adjustment for the sake of long term value of the content. This study is differentiated from previous study on OSMU and expected to invigorate the further discussion on OSMU in several points. First, it broadens the scope of OSMU discussion as it views OSMU as a series of process including feedback. Second, this study points out the need for integration and coordination of various OSMU activities. Third, the strategic focus is laid on the value maximization of the original content, not 'multi used' content. Fourth, the suggested model emphasize the strategic role of copyright holder who takes the charge of the content brand management. Fifth, the model requires discussion on the components of marketing communication in addition to the content itself, which means the model includes the prospects, not only the content consumers, as the major future source for value creation.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.53-78
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• 2008

Foreign investors who invest in the Korean stock markets are exposed to two kinds of foreign exchange rate risk, the economic exposure and the translation exposure. The former is the foreign exchange rate exposure in return generating process of the assets invested and the latter is the foreign exchange rate exposure in the translation of domestic return into foreign investors' currency. Domestic investors, however, are exposed only to foreign exchange rate exposure in the asset invested. This different situation on foreign exchange rate exposure between foreign investors and domestic investors can induce different response to exchange rate change by investor groups. Previous studies on foreign exchange rate exposure of Korean firms reported that quite a few Korean firms are exposed to foreign exchange risks and suggested to manage the foreign exchange risks. Also, many studies on the market segmentation showed that a market can be practically segmented according to the characteristics of investor groups. These studies support the hypothesis that the Korean stock market can be practically segmented by the foreign investors' attitude to the foreign exchange rate exposure. This study examines the response of both foreign investors and domestic investors to the foreign exchange rate exposures in Korean stock markets. Test results show that foreign investors increase their sell transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors attempt to actively manage the decrease in value of their assets due to rising of exchange rate. Analysis on the sell order data is also supportive to this interpretation. Foreign investors also increase their buy transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors use actively the relation between the increase in asset value and the translation gain due to declining of exchange rate. Analyses on buy order data, however, do not show the same result as the analyses on transaction data. This difference may come from the difference of information contained in transaction data and order data. In summary, the result of the paper supports the hypothesis that foreign investors response differently to foreign exchange rate exposure compared with domestic, Korean investors. Two groups do not show different response when exchange rate exposure is positive, i.e., as foreign exchange rate is increase (decrease), the asset value is increase (decrease). However, foreign investors' response is different from that of domestic investors when exchange rate exposure is negative, i.e., as foreign exchange rate is increase (decrease), the asset value is decrease (increase). These results mean that foreign investors and domestic investors are placed in different situations related to foreign exchange rate exposure, and these differences are reflected in the Korean stock markets. And domestic investors need to consider foreign investors' different attitude to the foreign exchange rate exposure when they analysis foreign investors' trading behavior.

• International Area Studies Review
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• v.22 no.4
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• pp.55-75
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• 2018

In China, different from the private enterprises or the locally-administered state enterprises, central state-owned enterprises generally spread over cornerstone industry which is greatly influenced by the public policy, which results in the objective existence of government influence in their productive activities. As the strategic resource, listed companies controlled by central state-owned enterprises, mostly distributed in the lifeblood and security of key industries. Therefore, listed companies controlled by central state-owned enterprises' governance efficiency play an important role in optimal allocation of state-owned assets, improve capital operation, improve the return on capital, and maintain state-owned assets safety. As the immune systems of national governance, the government audit strengthen the supervision of listed companies controlled by central state-owned enterprises in case of the loss of state-owned assets and significant risk events occur, to ensure that the value of state-owned assets. As an important component of national governance, government audit produced in entrusted with the economic responsibility of public relationship. Government audit can play an important role in maintaining financial security and corruption, and also improve listed company's accounting stability and transparency. While government audit can improve governance efficiency and maintain state-owned assets safety, present literature is scarce. Under the corporate governance theory and the economical responsibility theory, the thesis select data from 2010-2017 to verify the relationship between government audit and listed companies controlled by central state-owned enterprises' corporate performance. Results show that listed companies controlled by central state-owned enterprises are more likely to be audited by government of poor performance. Results also show that the government audit will have a promoting effect on listed companies controlled by central state-owned enterprises, and through to the improvement of the governance efficiency will enhance its companies' value. The results show that China's government audit has appealing role in accomplishing central state-owned enterprises to realize the business objectives and in promoting the governance efficiency.

• Journal of Environmental Impact Assessment
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• v.26 no.2
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• pp.105-113
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• 2017

Recently mountain tourism has been promoted and introduction of railroads with utilizing mountain resources is being planned. With the government policies to increase the share of eco-friendly transportation on railroad, national double-tracking of single rail and improvement projects are on going. However, the eco-friendly railroad policy suggests the environmental impact assessment items only on air quality, water quality, geographical/geological features, fauna/flora, natural/environmental resources, noise/ vibration, and recreation/landscape. And for fauna/flora and natural/environmental resources, confirming the presence of environmental protection zone is enough to satisfy legal requirement. This study suggested to evaluate environmental/ecological values with quantitative data. Evaluation indices and evaluation items have been selected to provide the data. Each of the subject map and railroad network was overlapped. The study selected naturalness and diversity as major indicators and calculated weight values of the items under the indicators, which are to be usd for the selection of the sites for railway development. This assessment method could be applied to the environmentally friendly construction of railroads in the future.

• International Commerce and Information Review
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• v.16 no.5
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• pp.151-178
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• 2014

The objective of the present case study is to analysis how effectively Hilti, which is a former family firm owned and managed by a family in Liechtenstein as a tiny european country, a land sandwiched between Switzerland and Austria, has made a global market success. Liechtenstein has $160km^2$ land and about 36,000 residents. Despite its small size of country, however, Hilti Corporation doesn't view its location as a liability in its business strategy. Hilti is a global leading provider of professional power tools in building, mining, civil engineering etc. Also, Hilti is a firm with a clear vision to become the leading industry partner for construction professionals and building installations through customer focus, high quality equipment, and tools and systems specially designed for specific jobs. This study considered Hilti as a good case, which verifies that born-conditions, endogenous factors according to Michael Porters diamond model does not decisive role more for international competitiveness of firms. Lessons from Hilti are that in order to obtain and sustain the global competitiveness of small and medium-sized firms in Korean manufacturing sector under high production cost, they have to do actively innovative. Also they can give to customers newer and higher customer-values than competitors in abroad give. The case summarizes that the strategy of Hilti for the global market success is comprised of several factors: Technological and organizational innovation, and a clear customer-value oriented business strategy and its implementation. Innovation and its integration into marketing for the customers value creation is central to Hilti's Success. The present case study is expected to provide insights and implication for many firms in Korea that are seeking to secure global presence and market success.