• Title/Summary/Keyword: 노동 효율성

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Labor Investment Efficiency and Value Relevance of Accounting Information (노동투자효율성이 회계정보의 가치관련성에 미치는 영향)

  • Cho, Jungeun
    • The Journal of the Korea Contents Association
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    • v.20 no.12
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    • pp.136-144
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    • 2020

  • Previous studies report that labor investment inefficiency occurs as the information asymmetry becomes severe and the agency problem between managers and external investors increases. Therefore, it is highly likely that managers will make opportunistic decisions that can damage corporate value in companies with high labor investment inefficiency. This study examines whether the value relevance of accounting information decreases as labor investment inefficiency increases as it is less likely that investors in the market use the accounting information of companies in which labor investment decisions are made inefficiently. Labor investment efficiency is measured as the difference between the actual level of labor investment and the expected level of optimal labor investment. Larger difference between the actual level of labor investment and the expected level of optimal labor investment is considered as higher inefficiency in labor investment. Using data of firms listed on the Korea Stock Exchange from 2002 to 2018, empirical results show that the value relevance of earnings decreases as the inefficiency of labor investment increases. This research provides empirical evidence on whether investment inefficiency in labor, which is an important factor in the competitiveness of a company, reduces the information usefulness of reported earnings.

  • https://doi.org/10.5392/JKCA.2020.20.12.136 인용 PDF KSCI

How Do Auditors Respond to Labor Investment Inefficiency? (노동투자비효율성에 대한 감사인의 반응)

  • Cho, Jungeun
    • The Journal of the Korea Contents Association
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    • v.22 no.2
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    • pp.593-604
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    • 2022

  • This study examines how auditors respond to labor investment inefficiency, specifically its impact on audit fees and audit hours. Using a sample of Korean firms listed on the Korea Stock Exchange from 2003 to 2018, our empirical results indicate that firms involved in inefficient investment in labor incur higher audit fees and audit hours. This implies that auditors consider inefficient labor investment to cause considerable business risk, thus requesting higher external audit fees to compensate for higher audit risk. Furthermore, auditors expend more time and effort while auditing those firms by expanding the audit procedures to reduce the audit risk to an acceptable level. Finally, this study provides empirical evidence on whether the investment inefficiency in labor, an important factor in firms' competitiveness, incur higher audit fees as well as audit hours.

  • https://doi.org/10.5392/JKCA.2022.22.02.593 인용 PDF KSCI HTML

The Efficiency of the Korean System of Lobor Adjudication (노동심판제도의 효율성 평가)

  • Kim, Tai-Gi
    • Journal of Labour Economics
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    • v.28 no.1
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    • pp.83-104
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    • 2005

  • The Korean system of labor adjudication on the cases of unfair dismissal and unfair labor practices has been criticized by labor and management in spite of the strong point that the Labor Relations Commission processes the cases quickly. This paper empirically investigates the effectiveness of labor adjudication dealt by the Labor Relations Commission with economic approach. It shows that the grievences of labor and management on the existing labor adjudication system have come from the inadequate processes of labor adjudication rather than the favorable or unfavorable ruling. It also shows that a major deterrent to make an effective labor adjudication system has been not the problems of the selfish attitude and expectation of labor and management but the improper attitude and quality of the member and staff of the Labor Relations Commission.

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스페셜리포트 - 해외 경쟁력 확보 위한 노동생산성향상

  • 대한인쇄문화협회
    • 프린팅코리아
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    • v.12 no.7
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    • pp.78-79
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    • 2013

  • OECD 회원국 34개국 중 시간당 노동생산성은 20위권에 머물고 있지만, 근로시간은 OECD 국가 중 2위를 차지하고 있다. 일은 오래하지만, 효율이 떨어진다는 의미다. 노동생산성 역시 OECD 평균 대비 79.9%, 미국의 60.6%, 일본의 86.6% 수준에 그치고 있다. 세계 시장에서 경쟁력을 확보하기 위해서는 노동생산성 향상이 꼭 이뤄져야 한다.

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Patterns and Determinants of Productive Efficiency in Korean Manufacturing Firms during Trade Liberalization (우리 나라 제조업의 생산적 효율성 결정요인분석-무역자유화 기간을 중심으로-)

  • 서동석
    • Journal of Technology Innovation
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    • v.3 no.1
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    • pp.157-184
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    • 1995

  • 본 연구는 한국 제조업의 기업별 <패널>자료를 이용하여 확율 적 생산함수를 추정한 다음, 우리 나라의 주종 수출산업인 섬유산업과 전자산업의 기술적 효율성이 1980년대에 하락한 이유를 규명하기 위하여 동종산업내의 각 기업들의 기술적 효율성의 결정요인을 계량분석을 통해 분석하였다. 성장산업인 전자산업과 사양산업인 섬유산업의 산업 내 (intra-industry) 기술적 효율성의 결정요인은 상하였다. 성장산업인 전자산업의 경우, 상대적인 기업의 크기와 노동비용의 상대적 크기는 기술적 효율성과 각각 정의 관계를 보이고 있는데 비해, 사양산업인 섬유산업의 경우, 총 매출액에서 수출이 차지하는 비중과 기술적 효율성과 반의 관계를 보였다. 즉 1980년대 섬유산업의 기술적 효율성이 하락한 중요한 요인은 동 산업의 수출부진과 상대적인 노동비용의 상승을 들 수 있으며, 성장산업인 전자산업의 경우는 일부 대기업의 집중도 심화가 동 산업의 평균적 기술적 효율성의 하락요인이 되었음을 알 수 있다. 따라서 본 연구는 경쟁의 촉진과 기업 집중도의 완화가 기술적 효율성을 향상시키는 데 중요하다는 점을 보여주고 있다.

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