• Journal of Technology Innovation
• /
• v.23 no.3
• /
• pp.373-396
• /
• 2015

This study analyzed the determinants of high-growth firms using the technology appraisal data of the Korea Technology Finance Corporation. This study is differentiated from previous studies for three reasons. First, it analyzed the determinants of firms that will grow into high-growth firms in the future, not the characteristics of current high-growth firms. Second, it analyzed high-growth firms by dividing them in two aspects: sales and employment. In other words, they were divided into three types: the case in which a firm achieves high growth in both sales increase and creation of jobs, the case in which a firm achieves high growth in creation of jobs but low growth in sales increase, and the case in which a firm achieves high growth in only sales increase but low growth in creation of jobs. Third, this study applied the technology appraisal indicators of Kibo Technology Rating System(KTRS) by the Korea Technology Finance Corporation as the explanatory variable. As a result of analysis, it was found that a firm achieved high growth in both sales and employment if the position in the technology life cycle was appropriate and the technology readiness level was high. However, it turned out that the management system of technical manpower had conflicting effects on high growth of employment and sales. In other words, a firm that had well managed its technical manpower achieved high growth in terms of employment, but rather showed low growth in terms of sales. This result suggests the inference that firms showing high growth in employment may appear mainly in the high-tech industry where management of technical manpower is important. Accordingly, as a result of adding dummy variables that represent whether or not firms are in the high-tech industry, it was found that the result supported the inference, as firms in the high-tech industry were highly likely to achieve high growth in employment.

• Journal of Energy Engineering
• /
• v.26 no.2
• /
• pp.80-92
• /
• 2017

This paper attempts to estimate the diesel fuel demand function in Korea using panel data panel data of 16 major cities or provinces which consist of diesel demands, diesel market prices and gross value added from the year 1998 to 2015. I apply panel GLS(generalized least square) model, fixed effect model, random effect model and dynamic panel model to estimating the parameters of the diesel fuel demand function. The results show that short-run price elasticities of the diesel fuel demand are estimated to be -0.2146(panel GLS), -0.2886(fixed effect), -0.2854(random effect), -0.1905(dynamic panel) respectively. And short-run income elasticities of the diesel fuel demand are estimated to be 0.7379(panel GLS), 0.4119(fixed effect), 0.7260(random effect), 0.4166(dynamic panel) respectively. The short-run price and income elasticities explain that demand for diesel fuel is price- and income-inelastic. The long-run price and income elasticities are estimated to be -0.4784, 1.0461 by dynamic panel model, which means that demand for diesel fuel is price-inelastic but income-elastic in the long run. In addition I apply dummy variable model to estimate the effect of 16 major cities or provinces on diesel demands. The results show that diesel demands is affected 10 regions on the basis of Seoul.

• The Journal of Engineering Geology
• /
• v.15 no.2 s.42
• /
• pp.133-144
• /
• 2005

Stability investigations were conducted for the heap of coal associated wastes occurred from D mine located in Gang-Won Province from the geotechnical and environmental engineering aspect, and a countermeasure was also examined to increase the stability in this area. Quality of water flowed from the heap of coal associated wastes was identified as Am. Slope stability investigations were conducted with both circular failure analyses using SLOPILE program and planar failure analyses in cases of dry, rainy, and ordinary slopes. The results of circular failure analyses indicated that the factor of safety is 0.78 for rainy case. for planar failure analyses, the factor of safety decreases with increase the depth and reaches below 1 about 4m depth for rainy case. A retaining wall system with backfill using the recycled-concrete aggregates as a practical scheme was suggested to satisfy both demands: reducing Am generation, and enhancing slope stability in the deposits of coal associated wastes.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.21 no.2
• /
• pp.151-159
• /
• 2020

This study examined the environment and landscape aspects of rural villages, which are based on agriculture, to regenerate a disappearing rural village. The lifestyle and living conditions in this area were examined and the field survey of this area was carried out. The main negative factors at the rural landscape and living environment, such as rural households garbage, compost piles, and farming wastes, were found. An improvement plan of the landscape in this area was then determined. The disposal conditions according to the garbage types were analyzed through a survey with the residents directly. Through this survey, the current negative factors in landscape were checked and various improvement methods were assessed. Based on this, an institutional framework about landscape improvement of a village was developed, and a fundamental resource that can improve the environment of rural communities by this system is suggested.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.19 no.2
• /
• pp.125-136
• /
• 2018

Heavy snowfall disasters are the third most serious natural disasters, after typhoon and heavy rainfall disasters, in terms of economic disaster damage in South Korea. The average annual economic damage of heavy snowfall disasters was approximately eighty-eight billion won during the period of 2005-2014. In spite of significant economic damage, there have been few economic studies regarding heavy snowfall disasters in South Korea. The objective of this research is to identify the association between economic damage of heavy snowfall disasters and damage effect factors of snowfall amounts, snowfall days, population densities, and non-urban area ratios using a regression analysis model. Economic damage data sets of heavy snowfall disasters during the period of 2005-2014 were obtained from the Natural Disaster Yearbook published by the Ministry of Public Safety and Security. Weather-related data sets, such as snowfall amounts and snowfall days were collected from the Korea Meteorological Administration. Demographic and urban data sets, including population densities and non-urban area ratios, were provided by the Local Government Yearbook. Outcomes of this study can assist with heavy snowfall disaster management policies of South Korea.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.15 no.12
• /
• pp.7134-7147
• /
• 2014

This study examined one of the contemporary issues that may be interesting to academics and practitioners regarding the driving force of the growth rate for the firms belonging to the chaebols in the Korean capital markets. With respect to the empirical results obtained from two hypothesis tests, the first hypothesis was to identify any financial determinants on the growth rate by applying both dynamic panel data and static panel data models. The debt ratios relevant to the book- and market-value showed their positive relationships with the DV of GROWTH1, along with other significant IDVs such as one-period lagged DV of GROWTH_1, SIZE1 and FOS with statistical significance. Second, by employing conditional quantile regression (CQR) analysis, the control variables, such as ROA, SMARKET, time dummy variable of F2010 and F2011, and the industry dummies of IND3 and IND10, provided evidence of their significant influences on DV of GROWTH1.

• Journal of the Korean Society for Aeronautical & Space Sciences
• /
• v.42 no.1
• /
• pp.67-75
• /
• 2014

A full-scale static test for a composite structure small aircraft (KC-100) was conducted in the KARI. The test includes 15 full-scale test and 7 local test conditions. Test requirements with test schedule, test article with dummy structures, test load generation, test system, and equipment are introduced for the test. Test load data of the 1st test condition(U1) was analyzed to evaluate an accuracy of load control for the test. The analysis results show that load data obtained during test were within tolerance of Static Null Pacing Error(SNPE) and the error value of load control was 8.6N. The error of load controls for the full-scale static test using dozens of actuators was calculated by a method suggested by authors. Test data for all other test conditions is also shown in this paper. Finally, reactions measured from restraint system of the U1 test condition show that the reaction changes as load increment. The factors which may change the change of reactions for a full-scale static test are introduced in this study.

• Journal of Digital Convergence
• /
• v.15 no.10
• /
• pp.9-18
• /
• 2017

The purpose of this study is to investigate the effects of welfare services experience by the low-income seniors on the satisfaction of life focusing on mediating effects of family conflicts and depression. For this, was used 11th date (2016) of Korean Welfare Panel. And the SPSS WIN 19.0 program was used to verify the characteristics and correlation of variables related to life satisfaction and hierarchical regression analysis. The subjects were 675 seniors aged 65 and over that had experience of using welfare service. The results are as follows. First, the seniors' welfare service usage experience had a positive effect on their satisfaction of life. Second, the seniors' use of welfare services affects the satisfaction of life that had partially mediating effect on family conflicts. Third, the seniors' experience of using welfare services affects the satisfaction of life that had partially mediating effect on depression. As a result, seniors' welfare service was practically improved in quality. The necessity of social welfare policy and development of various programs that can improve the satisfaction of life by alleviating family conflict and depression was suggested.

• The Korean Journal of Financial Management
• /
• v.23 no.1
• /
• pp.49-67
• /
• 2006

This study examines whether won/dollar futures have price discovery function and volatility spillover effect or not, using intraday won/dollar futures prices, volumes, and spot rates for the interval from March 2, 2005 through May 30, 2005. Futures prices and spot rates are non-stationary, but there is the cointegration relationship between two time series. Futures returns, spot returns, and volumes are stationary. Asymmetric effects on volatility in futures returns and spot returns does not exist. Analytical results of mean equations of the BGARCH-EC (bivariate GARCH-error correction) model show that the increase of futures returns raise spot returns after 5 minutes, which implies that futures returns lead spot returns and won/dollar futures have price discovery function. In addition, the long-run equilibrium relationship between the two returns could help forecast spot returns. Analytical results of variance equations indicate that short-run innovations in the futures market positively affect the conditional variances of spot returns, that is, there is the volatility spillover effect in the won/dollar futures market. A dummy variable of volumes does not have an effect on two returns but influences significantly on two conditional variances.

• Journal of the Korean Society of Environmental Restoration Technology
• /
• v.16 no.1
• /
• pp.99-107
• /
• 2013

This study was conducted to evaluate the effect of soil covering depth and vegetation base materials on the competition between Pinus densiflora Siebold & Zucc. and Lespedeza cyrtobotrya Miq., which were grown in an abandoned coal mine land for three years after seeding, by comparing their growth and stem density. The study site was consisted of sub-plots with four different soil covering depths (0cm, 10cm, 20cm, and 30cm) and four different compounds of vegetation base materials (peat moss (control), soil conditioner+peat moss (S+P), erosion control material+peat moss (E+P), and soil conditioner+erosion control material+peat moss (S+E+P)). Results of this study showed opposite pattern between P. densiflora and L. cyrtobotrya with different soil covering depth and compounds of vegetation base materials in general. P. densiflora showed the highest growth and stem density in plots with 10cm and 0cm depths of soil covering, respectively, while the lowest was shown in plots with 20cm depth of soil covering. In contrast, L. cyrtobotrya showed the highest growth and stem density in plots with 20cm depth of soil covering, while the lowest was shown in plots with 0cm depth of soil covering. In case of vegetation base materials, P. densiflora showed the highest growth and stem density in control plots and plots treated with S+P, respectively, while the lowest was shown in plots with S+E+P treatment. On the other hand, L. cyrtobotrya showed the highest growth and stem density in plots treated with S+E+P, while the lowest was shown in control plots. These results suggested the competition between two plants as a major cause of opposite patterns, which is induced by the suppressed growth and stem density of P. densiflora by fast growing L. cyrtobotrya. Despite the suppression of L. cyrtobotrya on P. densiflora, L. cyrtobotrya can play a positive role in improving soil quality, and thus it would be more desirable for restoring abandoned coal mine land to manage the growth of L. cyrtobotrya periodically, rather than eliminate them.