• Title/Summary/Keyword: 기업평가

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Balanced valuation and management initiatives (균형가치평가와 경영권 방어)

  • Lim, Deuk-Soo
    • 한국IT서비스학회:학술대회논문집
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    • 2002.06a
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    • pp.8-13
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    • 2002
  • 기업의 가치평가방법은 DCF법을 비롯하여 OPM, 증권거래법에 의한 본질가치평가방법, 상속세법에 의한 재산가치평가방법, 비교법, 일정성장배당모형 등 여러가지가 있다. 이중 각 평가방법은 특정한 목적을 가지고 탄생된 것이나 영리를 위한 기업의 가치를 평가하여 그 결과를 M&A나 A&D 또는 경영의 지표로 이용하려할 때 그 편파성 때문에 목적을 달성하기 어렵다. 따라서 본고에서는 그들의 균형을 취하는 평가방법을 알아보고, 장기적인 차원에서의 경영을 전제로 벤처기업자금조달과 맞물려있는 경영권 방어에 대하여 살피므로써 벤처기업인들이 안정적인 경영을 수행하거나 창업초기에 일찍 경영에 대한 분명한 목표를 설정하고 자신의 역량을 생산적인 곳에 사용할 수 있게 할 수 있는 틀을 제시해 본다.

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U-IT Technical evaluation and Product sorting management Processing (U-IT 기술 평가 및 제품 선별 관리 프로세싱)

  • Kim, Hye-Sun;Yang, Hae-Sul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.9 no.4
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    • pp.1086-1094
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    • 2008
  • Today's small and medium-sized enterprises in technology development for future industrial growth engine. In addition evaluation of the technological competitiveness of companies and countries for R&D investment as a significant item evaluated constantly expanding, he said. However, R&D productivity to properly measure and assess the companies rarely. This paper examines the existing technology, technology assessment, the study's limitations, the small and medium-sized companies to complement the U-IT TE and PSMP Model suggested by the design environment, and technology-related companies in the technology, the ability to comprehensively assess and as a tool to leverage, technical analysis and quantitative evaluation and production from the completion of the Process Model, presented want to formalize.

A Evaluation of IT System Support to Business Process for Adopting BPM (BPM 구현을 위한 단위업무의 IT시스템 지원도 평가)

  • Song, Young-Woong;Choi, Hyung-Won;Choi, Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.3-15
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    • 2010
  • Many enterprises have adopted various management techniques and IT systems such as "Process Management", "ERP" for coping with rapid business environment change and for continual growth. However, the separation problem between business process and IT system which causes reduction of business management efficiency has occurred for the lack of integration management mechanism. To solve this problem, many companies try to adopt BPM (Business Process Management) concept. The purpose of this study is to identify this separation problem in Korean construction companies which are trying to apply BPM to their business through evaluating IT system support to business processes. This study indicated the need of evaluation through current researches and case studies, then made hierarchy of home business of construction companies and analyzed IT systems for supporting business. The evaluation method is designed based on these researches. This study proposed the implications for adopting BPM in construction companies based on evaluation results analysis.

Valuation and Earnings Information Contents Based on Financial Ratios (재무비율정보에 기초한 기업가치평가와 이익정보의 질적 차이)

  • 유성용;김동출
    • The Journal of Information Technology
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    • v.3 no.3
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    • pp.89-102
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    • 2000
  • The purposes of this research are to analyze information contents of net book value and earnings. If investors use Net book value and earnings to their investment strategies, These informations are positively to be correlated with future corporate value. Research methodologies applied are theoretical and empirical ones. Results of the study are as follows: First, as investors form their investment portfolios, PBR and ROE are good indicator in finding out undervalued and overvalued corporation. Second, present earnings are differently reflected in future stock prices. Price-earnings correlation of undervalued corporations are higher than that of overvalued ones. Results of this study imply that Investors can utilize net book value and earnings to their investment strategies.

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The Effect of Corporate Social Responsibility Activities and Corporate Advertising of Korean Companies in China on the Chinese Consumers' Korean Products Evaluation (재중 한국기업의 사회적 책임활동과 기업광고가 중국 소비자들의 한국제품 평가에 미치는 영향)

  • Yoon, Seong-hwan
    • International Commerce and Information Review
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    • v.19 no.4
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    • pp.147-174
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    • 2017
  • Korean companies currently operating in China have made active efforts to undertake corporate social responsibility activities and corporate advertising to improve their image, as well as marketing activities directly related to their products. In this context, this study aims to analyze how corporate social responsibility activities and corporate advertising influence a company's image from the perspective of Chinese consumers. This study also analyzes corporate image, consumer-company identification, and the structural relationship between the consumers' behavioral responses and their evaluation of Korean products. Based on theoretical discussions and previous studies, the study tests five research hypotheses for the development of a theoretical research model. In order to empirically test the research model, data were collected by enlisting and observing MBA students from major universities in China. The results obtained by actual analysis are as follows. First, corporate social responsibility activities and corporate advertising were found to be positively influential on corporate image. Second, corporate image is positively influential on consumer-company identification. The consumer-company identification of Chinese consumers' evaluation of Korean products, and positive evaluation of Korean products in turn induce positive influences on Chinese consumers' behavioral responses. These results suggest that the Korean companies already established in China not only need to enhance a positive corporate image but also have to make efforts to undertake corporate social responsibility activities and corporate advertising activities in order to improve their continuous and long-term relationship with Chinese consumers.

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Delphi Analysis for Experts to Develop an Assessment Index for Women's Entrepreneurship Support Programs (여성창업 지원사업 평가지표 개발을 위한 전문가 대상 델파이 분석)

  • Kim Heung-Hee;Kim Yun-Hwan;Kim Moon-Sook;Ju Young-Mi;Kim Dae-Geun
    • The Journal of the Convergence on Culture Technology
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    • v.10 no.1
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    • pp.337-344
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    • 2024
  • This paper is a study on the "Development of Assessment Index for Women's Entrepreneurship support programs." This research highlights the absence of specific assessment indicators for selecting women-led enterprises in women's entrepreneurship support programs, thereby illuminating the limitations of current evaluation methods. It emphasizes the necessity for effective indicators to more successfully select women entrepreneurs and enterprises. The study derives numerous success factors for women's entrepreneurial ventures from prior research and develops a more likely to succeed assessment index for women-led enterprises using the Delphi methodology and collaboration with expert panels. The result is a new assessment index reflecting the characteristics of women entrepreneurs, expected to overcome the limitations of existing selection methods and contribute to enhancing social support and policy development for women-led enterprises.

An Investigation of the Relationship Between Corporate Logo and ESG Evaluation (기업로고와 ESG 평가의 관계에 대한 고찰)

  • Yujin Lee;Daeil Nam
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.19 no.2
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    • pp.125-139
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    • 2024
  • The corporate logo symbolizes the company's value, goals and vision as a visual symbol representing the company. It serves as a communication tool for companies by conveying different messages depending on design and color. As demands for ESG management have recently increased, companies have begun to implicitly demonstrate values such as environmental protection and corporate transparency through logos. Companies use logos as a strategy to visually emphasize the value they pursue and project the desired image as a signal. In this process, stakeholders who see the logo experience cognitive bias. Therefore, this study seeks to find out that ESG value can be indirectly communicated by the design of corporate logos, which can also affect a company's ESG evaluation. In addition, this study will examine the moderate effect that logos expect to encounter a greater bias effect as the companies actively include ESG-related issues in corporate disclosure data. This study conducted an analysis of 617 KOSPI-listed companies using ESG evaluation data from 2020 to 2022. The analysis confirmed the significant relation of the type of logo and ESG disclosure on ESG evaluation but found partially moderate effect of ESG disclosure.

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외환위기 이후 우리나라 기업의 지배구조

  • Jeong, Gyun-Hwa
    • The Korean Journal of Financial Studies
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    • v.8 no.1
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    • pp.21-54
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    • 2002
  • 본 논문은 1997년 말 우리나라의 외환위기이후 IMF에 의해 주도된 경제개혁방안 중 기업지배구조 개선과 관련하여 최근에 취해진 정부의 기업지배구조 개선을 위한 제반 정책을 평가하고 향후 바람직한 우리나라 기업의 지배구조 개선방안을 제시하는 것을 목적으로 한다. 외환위기 이전의 우리나라 기업지배구조는 여러 가지 척도로 평가했을 때 전반적으로 비효율적이었으며 특히 소액주주의 보호라는 측면에서는 전 세계적으로 최하위의 평가를 받았다. 따라서 최근에 취해진 제반 지배구조 개선 조치는 주로 소액주주의 권리를 강화하는데 초점을 맞추면서 선진국에서 시행하는 제반 제도를 집중적으로 도입한 것이었다. 그러나 기업지배구조 개선의 궁극적인 목적이 기업의 장기적인 경쟁력제고라고 할 때 최근의 조치는 경영자로 하여금 단기업적주의에 치중하고 우리 경제 발전의 원동력이 된 기업가정신을 저해할 가능성을 상당히 포함하고 있으므로 앞으로는 지식근로자들의 이해관계를 조정하고, 은행의 지배구조를 개선하여 은행의 감시기능을 제고하며 시장의 기능을 활성화하는 방향으로 정책이 전개되어야 할 것이다.

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The Certification Role of Venture Capitalists in the KOSDAQ Market (벤처기업의 장외등록과 벤처캐피탈의 보증 역할에 관한 연구)

  • Chang, Sang-Su;Khil, Jae-Uk
    • The Korean Journal of Financial Management
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    • v.17 no.1
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    • pp.111-136
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    • 2000
  • 본고는 기업 내부의 경영자와 일단 투자자들 사이에 정보 비대칭이 존재하는 기업 공개 시장에서 신주의 저평가 현상을 완화하는 제3자의 보증 역할에 관한 연구이다. 일찍이 Megginson and Weiss(1991), Hamao, Packer and Ritter(1998) 등의 연구에 의하면 미국, 일본 등의 경우 벤처 캐피탈의 지원을 받는 벤처 기업이 그렇지 않은 경우에 비해 신주 저평가 현상이 비교적 적게 나타나 벤처 캐피탈이 일정한 명성 효과를 발휘하는 것으로 보고되고 있다. 그러나 남명수(1993), 이기환, 임병균, 최해술(1998) 등의 실증 분석에 의하면 국내 벤처 기업의 경우에는 그렇지 않은 것으로 보고되고 있어 벤처 캐피탈의 보증 역할이 미미한 것으로 나타난 바 있으나 이들의 연구는 KSE 시장의 신규 벤처 기업들을 대상으로 하였기 때문에 최근 KOSDAQ 시장에서의 벤처 기업의 신규 등록이 활발해지면서 벤처 캐피탈의 보증 역할에 관한 연구는 재검토를 요구하고 있는 실정이다. 본 연구는 96년 7월 이후 KOSDAQ 시장에 등록되어 있는 기업 중 벤처 캐피탈의 지원을 받은 34개의 벤처 기업과 그렇지 않은 34개의 벤처 기업을 대응 추출하여 구성한 표본에 대해 신주의 등록 초기의 시장초과 수익률을 분석하여 신주 저평가 현상을 살펴보고 각 기업의 수익률과 공모 잔량에 대한 회귀분석을 통하여 벤처 캐피탈의 보증역할을 규명하였다. 본 연구 결과는 현재 KOSDAQ 시장에서 벤처 캐피탈의 보증 역할은 거의 나타나지 않았으며 상장 직전의 세후이익과 전체적인 시장 상황만이 수익률과 공모 잔량에 영향을 주는 것으로 나타났다. 이러한 연구 결과는 기존의 KSE 시장에서의 벤처 캐피탈의 보증 역할에 대한 연구 결과와 유사한 것으로 미국 등 선진 시장의 연구 결과와는 달리 국내 벤처 캐피탈의 KOSDAQ 시장에서의 미미한 역할을 입증하는 실증 결과라고 할 수 있다.

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A Empirical Research for Subcontractor Selection Model in the International Construction Project (해외건설 전문건설기업 선정모델 개선을 위한 실증 연구)

  • Lee, Changjun;Seok, Hochan;Lee, Sangjun;Jang, Woosik;Han, Seung-Heon
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.2
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    • pp.118-126
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    • 2016
  • International construction market have quantitatively increased and have reached up to 700 Bil. US$ through active effort of construction firms and government. In spite of this increase, substantiality issue has been constantly disputed due to qualitative problems such as lack of capability and technical shortage. To overcome these problems, many methods in performing quantitative growth and qualitative substantiality of overseas construction are being researched which showed that selection of subcontractors in general contractor is regarded as a very important success factor. However, it is difficult to make a reasonable decision for selecting the subcontractors due to the lack of evaluation standards and reliability. This study proposes an improved evaluation system through adjustment of the evaluation indicators using correlations analysis and multiple regression analysis with pre-qualification and performance evaluation of 121 firms in 6 countries.