• Journal of Intelligence and Information Systems
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• v.29 no.2
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• pp.85-100
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• 2023

Corporate ESG performance (environmental, social, and corporate governance) reflecting a company's strategic sustainability has emerged as one of the main factors in today's investment decisions. The traditional ESG performance rating process is largely performed in a qualitative and subjective manner based on the institution-specific criteria, entailing limitations in reliability, predictability, and timeliness when making investment decisions. This study attempted to predict the corporate ESG rating through automated machine learning based on quantitative and disclosed corporate financial information. Using 12 types (21,360 cases) of market-disclosed financial information and 1,780 ESG measures available through the Korea Institute of Corporate Governance and Sustainability during 2019 to 2021, we suggested a deep neural network prediction model. Our model yielded about 86% of accurate classification performance in predicting ESG rating, showing better performance than other comparative models. This study contributed the literature in a way that the model achieved relatively accurate ESG rating predictions through an automated process using quantitative and publicly available corporate financial information. In terms of practical implications, the general investors can benefit from the prediction accuracy and time efficiency of our proposed model with nominal cost. In addition, this study can be expanded by accumulating more Korean and international data and by developing a more robust and complex model in the future.

• The Journal of the Korea Contents Association
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• v.12 no.2
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• pp.369-387
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• 2012

Based on the survey data, this study focused venture firms examines how organizational resources and capabilities along with its external environmental conditions have an effect on its strategy and performance. In particular, this article attempts, by performing a binary logistic regression analysis, to identify the venture-specific importance and priority of the factors that may influence firms' strategy patterns, with multiple regression analysis on the relationships between some variables included in the model. The survey was conducted from October 1, 2010 through October 30, 2010. The results of this study are the following. First, the more firms are exposed to high industry growth and low competitive intensity, the higher chance they get to pursuit aggressive strategy. And then a firm seeks aggressive strategy, when it has more technological resources and human resources. Third, environmental uncertainty, industry growth, technological resources, human resources, financial resources and marketing capabilities have positive effects on firm's performance. But, competitive intensity has no direct influence firm's performance. Finally, CEO competence directly influences firm's performance, but the interaction. of CEO competence with other variables is not significant.

• International Commerce and Information Review
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• v.17 no.3
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• pp.251-278
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• 2015

Previous researches have been conducted on the drivers of alliance performance up to date. Unlike existing literatures, we examine the influence of alliance management capability as direct drivers on venture's alliance performance. Based upon organizational capability theory, we proposed that coordination capability, relationship capability, learning capability are main components of alliance management capabilities. In addition, we proposed capability of CEO as forth alliance management capability in global ventures. Using 78 global ventures as research sample, this study shows that these four alliance capabilities have considerable influence on financial performance of ventures with global alliances.

• The Journal of the Convergence on Culture Technology
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• v.10 no.4
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• pp.145-157
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• 2024

This study empirically analyzed the relationship between founder competency and business performance based on the premise that founder competency is the main internal resource of a company from a resource-based view, using a sample of 2,196 startups less than five years old collected and evaluated by the Korea Technology Finance Corporation during the 2016 technology evaluation. The results showed that the technological, managerial, and financial competence of founders had a positive effect on the business performance of startups, and the characteristics of founders' academic major had a moderating effect on the relationship between founder competency and business performance. Based on these findings, this study contributes to the theoretical discussion that technological, managerial, and financial competencies of founders are factors that improve business performance, and provides practical and policy implications for effective entrepreneurship education by suggesting that entrepreneurship education should be transformed and strengthened, including cross-training of founders majoring in science and engineering to foster managerial and financial competencies.

• Journal of Service Research and Studies
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• v.8 no.3
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• pp.25-35
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• 2018

Initiatives for corporate social responsibility (CSR) have often served as sources of competitive advantage in the business world. Although the adoption of CSR practices in the hotel industry continues to increase, empirical research on the relationship between them and financial performance in the industryremains scarce. The purpose of this study was to ascertain the effects of various dimensions of CSR on the financial performance of corporations in the U.S. hotel industry. Data include Kinder, Lydenburg & Domini social performance scores and Compustat data of hotels from 1991 to 2015 identified using a Standard Industrial Classification code. Results of ordinary least squares regression using Stata revealed that efforts toward CSR have significantly affected the financial performance of numerous hotels. Such findings can initiate discussions and inspire future research on CSR in the hospitality industry.

• The Korean Journal of Financial Management
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• v.11 no.1
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• pp.171-189
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• 1994

합병은 정의 초과수익을 실현할 것이라는 가설과는 다르게 많은 연구들이 부의 초과수익을 실현하고 있는 것으로 보고하고 있다. 이러한 이유로 합병성과가 자본자산가격결정모형에 의해서 측정하는 것과 합병대상기업의 시장성과를 측정하는 과정에서 측정상의 오차를 배제할 방법이 강구되지 못하였다는 것을 들 수 있다. 본 연구에서는 두번째 이유를 해결하기 위한 대체적인 방법으로 합병기업의 합병전 후 수익률의 행태를 분석하고, 수익률행태에 차이가 있다면 그 원인이 투자자의 과민반응 때문인가 아니면 체계적 위험 때문인가를 밝혔다. 검증결과 우리나라 상장기업간 합병으로 인한 수익률의 행태변화는 없었으므로 투자자가 평가하는 합병의 중 장기적 효과는 없다고 할 수 있다. 이는 구미의 자율적인 합병과는 달리 우리의 경우는 비경쟁적이고 정부 주도적 산업정책적 합병이 주류를 이루고 있기 때문에 나타나는 현상이라 사료되며 따라서, 계열기업의 합병으로 인한 추가적인 시너지 효과도 기대할 수 없다. 다만, 검증대상 기업중 유일하게 한 회사만 투자자의 과잉반응은 나타나지 않았지만, 체계적위험의 변화가 있었다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.6 no.4
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• pp.111-135
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• 2011

While previous studies and publications all assert a strong correlation between company's business plan and performance, very few have actually conducted practical analyses to support that. This study takes a practical approach in its analysis of Korean small and mid-sized enterprises(SME) with the view to finding an answer to the question. In addition, with the considerations of entrepreneur type and company's development stage, I analyzed the differences of business plan components' effects on performances. I selected business plan's components, which have been suggested only in theory and in concept, through the literature review and preliminary examination. Corporate performances were the recent improvements of ROS, ROA, market share and the number of employees to measure how greatly each is impacted by the components of a business plan. Results show that business plan components have influenced upon the number of employees. The business plan components discriminated superior company group and inferior company group properly. Especially, finance & related system and advertising & distribution factors showed statistically significant classification forecasting power. Technical/Craftsman evaluated the effects of producing & sales and profit & quality factors high and General/Opportunistic evaluated the effects of finance & related system, advertising & distribution, corporate mission factors high. The effect of corporate mission was highest among company development stages. Finance & related system and advertising & distribution factors showed the statistically significant difference in entrepreneur type and company development stages.

• Proceedings of the Korea Society for Industrial Systems Conference
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• 2009.05a
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• pp.39-48
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• 2009

본 연구에서는 SCM를 통해 기업이 추진하는 목표들이 기업의 경영성과에 어떠한 영향을 미치는지를 살펴보기 위해서 파트너십이 실시간기업의 특성요인인 민첩성 및 기업내부 가시성과 경영성과에 미치는 영향을 분석하고자 한다. 본 연구의 목적은 다음과 같다. 첫째, 공급사슬 기업의 파트너십 (몰입, 신뢰, 상호의존성)이 민첩성 및 기업내부 가시성을 매개하여 기업의 경영성과에 어떠한 영향을 미치는지를 분석하고자 한다. 둘째, 민첩성과 기업내부 가시성이 BSC 네 가지 관점인 학습 및 성장관점, 내부 프로세스관점, 고객관점, 재무관점에 미치는 영향을 살펴보고, BSC 네 가지 관점간의 인과관계를 분석하고자 한다. 본 연구의 실증연구에서는 공급사슬관리를 실행하고 있는 실시간 기업을 대상으로 설문조사를 실시하여 온라인과 오프라인을 통해 자료를 수집하였으며, 최종적으로 82개의 표본을 분석에 사용하였다. 이러한 실증결과는 SCM과 RTE를 추구하는 기업의 실무자들과 연구자들에게 많은 시사점을 제공하리라 여겨진다.

• Journal of Digital Convergence
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• v.13 no.8
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• pp.123-131
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• 2015

Modern is the era of convergence. In the complex position of the company to survive in the rapid environmental changes it can not be a mandatory fusion rather than choice. Wind convergence also in the art can be said to castration. This phenomenon can be found in many real life. Most real-life contact with the service sector is no exception. Due to a number of banks and insurance combined Banca named fusion of French banking and insurance business are integrated. Even recently, the situation has been provided by Investment consulting, equity trading services within bank branches. In this study, based on the need for convergence of corporate businesses convergence factors examined through regression analysis on whether any impact on the financial aptitude. External environmental factors that make up the fusion research factors internal environmental factors, both core competencies were factors to affect financial performance.

• Journal of Service Research and Studies
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• v.13 no.1
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• pp.1-26
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• 2023

We analyze the effects and related factors of Smart Factory adoption. 110 and 325 samples were collected by median-size-industry matching method, respectively, of adopting and non-adopting companies. We use financial statement data (ROA, etc.) from the year before adoption to the fourth year after adoption. Abnormal operating performance and annual abnormal changes are obtained according to event study method, and analyzed by Wilcoxon signed-rank test and t-test. ROA and sales growth rate demonstrate short-term effects after adoption, but not long-term effects. As a result of regression analysis to examine if the three factors of labor intensity, R&D intensity, and prior financial performance have moderating effect, the moderating effect of R&D intensity and prior financial performance is confirmed. In addition, we perform regression analysis to confirm performance effects of early and late adoptions and whether prior financial performance and organization size have moderating effect. It is confirmed that the later the time of adoption, the greater the effect of adoption in the long term and the moderating effect of prior financial performance and organization size is confirmed.