• KDI Journal of Economic Policy
• /
• v.33 no.3
• /
• pp.121-161
• /
• 2011

We study incentive structures of public developers and land owners in the process of public expropriations using a sequential game model. In the model, we show that there is an incentive for the public developer to give more compensation than just compensation that are defined by law. Also the model shows that there is an incentive for the land owners to revolt strategically against the public expropriation. Then an ideal authority delegation model is introduced to resolve the problems, where an independent appraiser determines the compensation for the expropriation. In the real world, improving the independence of appraisal process is critical to make the system closer to the ideal authority delegation model. So this paper concludes by making a few policy suggestions to improve the current appraisal system.

• Journal of the Korea Convergence Society
• /
• v.11 no.2
• /
• pp.207-214
• /
• 2020

The objective of this study is to analyze the effect of the quality of the Internal Accounting Control System(IACS) on Executive compensation, and to determine whether this relationship depends on the effectiveness of corporate governance. For the analysis, 6,343 firm-year data listed on the Korea Exchange from 2011 to 2016 were used. The results are as follows. First, Executive compensation was decreased in companies with low quality of IACS to provide a penalty for management. Second, the negative relationship between the weaknesses of IACS and Executive compensation was found to be strengthened when the corporate governance was effectively operated. These findings suggest that information about the quality of the IACS can be usefully used to reasonably identify the executive compensation policy, and that corporate governance needs to be operated more efficiently.

• Journal of Industrial Convergence
• /
• v.20 no.11
• /
• pp.105-112
• /
• 2022

The purpose of this study is to examine the moderating effect of the reporting earnings strategy on the relationship between managerial ability and manager performance-reward sensitivity. Both upward and downward adjustments can occur in the direction of management performance adjustment according to the manager's reporting earnings strategy. was found to decrease performance-based performance-reward sensitivity. The underreporting strategy is hypothesized that, although additional compensation is paid for the performance of the reporting strategy according to the manager's ability, the level of compensation increases, but this type of compensation will decrease the performance-reward sensitivity because this type of compensation is irrelevant to the actual performance of the manager. This is the result of indirectly confirming that discriminatory compensation is provided for upward and downward adjustment of business performance according to the reporting earnings strategy.

• 한국벤처창업학회:학술대회논문집
• /
• 2021.11a
• /
• pp.135-142
• /
• 2021

20년 3월부터 본격화된 코로나 팬데믹은 전세계경제에 큰 충격으로 불확실성은 더욱 커져 경제생태계 대변혁의 시대를 맞이하고 있는 가운데 고령 인구의 증가, 생산인구의 감소와 더불어 20년 12월 기준 직장의 폐업과 정리해고, 경영부진 등 비자발적인 일자리를 떠난 사람이 19년 대비 48.9%(2020 통계청) 증가, 직장인의 퇴직 평균연령도 51.7세로 직장인 의지와 관계없이 조기 은퇴가 불가피한 상황이다. 한편 직장 근로자 10명중 8명은 창업할 의지가 있는 것으로 나타나 이제는 직장인의 창업은 선택이 아닌 필수로 인식하고 있다. 본 연구의 목적은 직장인의 기업가정신과 지속학습, 보상만족, 고용가능성이 창업의지와 어떠한 상관관계를 가지고 있는가를 조사하고 혁신행동이 매개역할을 하는지에 대해 분석하는데 있다. 본 연구에서는 직장 재직자의 기업가정신과 직장생활 과정에서 지속학습, 보상만족, 고용가능성이 창업의지에 미치는 영향에 관한 연구를 혁신행동의 매개효과를 중심으로 진행하였다. 따라서 본 연구에서는 재직자의 기업가정신과 지속학습, 보상만족, 고용가능성이 혁신활동을 증가시키고, 증가된 혁신활동이 창업의지에 영향을 미칠 것이라는 인과적 경로를 검증하고자 한다. With Corona의 불확실한 경제여건에서 조직은 생존을 위한 끊임없는 변화를 추구함에 따른 재직자의 고용불안은 가중될 것이며, 100세 시대를 준비해야 하기에 창업은 필수적 상황으로 창업의지를 종속변수로 설정하여 본 연구를 진행하였다.

• The Transactions of the Korean Institute of Power Electronics
• /
• v.7 no.6
• /
• pp.517-523
• /
• 2002

A sensorless control of a PM synchronous motor with the compensation of the motor parameter variation is presented. The rotor position is estimated by using the d-axis and q-axis current errors between the real system and motor model of the position estimator. The stator resistance is measured at low speeds when the motor changes its rotating direction and the variation of the stator resistance and back emf constant caused by the temperature variation is compensated. The gains in the position estimator are also adapted according to the motor speeds.

• Journal of Labour Economics
• /
• v.39 no.1
• /
• pp.33-55
• /
• 2016

This paper examines the role of adverse working environments in the determination of workers' compensation in South Korean. I use the Third Korean Working Conditions Survey(2011), Occupational Safety and Health Research Institute that provide relevant variables in objective and subjective compensation and workers of diverse working environment. I find that risk factors in adverse working environments have a very minor role in the determination of individual wages. In contrast, adverse working environments have significant relationship with the level of compensation satisfaction. In addition, the results show that workers are more likely to receive compensation from psychological risk than physical risk. And women receive much more compensation in the psychological risk. These results provide useful information for improvement of working environments.

• Korean Journal of Optics and Photonics
• /
• v.17 no.5
• /
• pp.420-429
• /
• 2006

In the zoom lens of digital still cameras with the variation of the image plane generated by various symmetric error factors such as curvature, thickness and refractive index error of each lens surface about the optic axis, we induce a theoretical condition to fix constantly the image plane by translating the compensator group of the zoom lens by using the Gaussian bracket. We confirm the validity of this condition by using three examples of general zoom lens types with 3, 4, and 5 groups, respectively. When these error factors are randomly changed within the range of tolerance according to the Monte Carlo method, we verify that the distributions of the degree of moving of the compensator are normal distributions at three zoom lens types. From capability analysis using these results, we theoretically propose the method estimating the standard deviation, that is, sigma-level, as a function of the maximum movement of the compensator.

• Management & Information Systems Review
• /
• v.35 no.1
• /
• pp.287-305
• /
• 2016

This study confirms that there is a correlation between managers' incentive-compensation system(introduction of the compensation committee) and corporate governance mechanisms (ownership structure, proportion of outside directors, debt ratio, competitive strength), and analyzes whether firm value is affected by corporate governance mechanisms. The purpose of this paper are empirically tested using 318 firm-year data listed on the KRX from 2001 to 2010 and 2SLS(two-stage least square method) were used for the analysis of the hypotheses. The results of empirical tests are as follows. Firstly, there is no correlation between introduction of the compensation committee and corporate governance mechanisms. In addition, the results show that there is a causal relationship between some variables. Secondly, results from the analysis of the impact of corporate governance mechanisms on firm value, only introduction of the compensation committee and foreign investors ownership were analyzed as a positive impact on the firm value. This result means that most domestic firm don't actively used for managers' incentive-compensation system as a useful control device for improving corporate governance.

• Journal of Teachers' Pension
• /
• v.4
• /
• pp.175-205
• /
• 2019

본 연구의 목적은 폐교로 인해 퇴직한 사립학교 교직원을 대상으로 사학연금의 재해보상기금을 활용하여 실업급여를 제공하는 방안을 모색하는데 있다. 이를 위해 먼저 폐교 퇴직 교직원 현황 및 사학연금에서 폐교로 인한 퇴직 시 연금 지급규정, 재해보상 관련 쟁점, 고용보험 임의가입방안 관련 쟁점 등에 대해 고찰하였다. 다음으로 폐교로 인한 퇴직 교직원에 대한 정책방안들로 현행안, 재해보상기금을 활용한 구직급여 제공방안, 고용보험 임의가입안에 대한 재정추계를 실시하였다. 주요 분석결과는 다음과 같다. 첫째, 불과 5년 뒤인 2024학년도부터는 대입가능자원이 대학입학정원을 크게 밑돌 것으로 전망되고 이로 인해 대학의 통·폐합과 구조조정 등이 발생하여 현재보다 훨씬 더 많은 대학이 폐교될 것으로 예상된다. 둘째, 현행 사학연금법 상연금지급개시연령은 65세이나, 공무원연금법을 준용하고 있는 사학연금에서 폐교로 인해 퇴직하는 경우 퇴직 때부터 5년이 경과한 때 연금을 지급하는 규정으로 인해 여러 문제점들이 발생하고 있다. 셋째, 폐교로 인한 비자발적 퇴직 교직원의 소득활동 중단에 따른 소득 대체 및 생활안정을 위한 방안마련이 시급하다. 넷째, 산재보험과 공무원연금·군인연금 등 공적 재해보상제도들은 모두 업무상 또는 공무상 사고나 질병으로 부상·질병·장해·사망이 발생하면 재해로 정의하고 있어 사학연금에서 폐교를 재해로 포함시키는 것은 적합하지 않으며, 실업에 대응하는 사회보장제도인 고용보험에 포함시키는 것이 보다 타당할 것으로 보인다. 다섯째, 사립학교 교직원에 대한 고용보험적용 여부를 논의하기 위해서는 대학교수의 법적 지위와 근로기준법의 적용가능성이 중요한데, 향후 대법원이 대학교수를 근로기준법상 근로자로 판단한다면 사학 교직원의 고용보험 가입도 가능하게 될 것이다. 여섯째, 사학연금가입자들을 위한 고용보험 도입이 바람직하나, 이것이 단기간 내에 실행되기 어렵다면 고려 가능한 대안으로 공무원연금과는 다른 사학 교직원 직무에서 발생하는 재해의 특성을 고려하여 사학재해보상제도에서 폐교로 인한 퇴직을 재해보상에 포함시키고 구직급여를 제공하는 방안을 검토해 볼 수 있다. 또한 재정추계결과는 다음과 같다. 첫째, 현재 폐교로 인한 퇴직 시 제공되는 연금 대신에 재해보상기금으로 구직급여를 제공할 경우 사학연금기금에 재정적으로 상당히 긍정적 효과가 있을 것으로 예상된다. 둘째, 폐교로 인한 2018년 현재 연금수급자(285명)의 예상 연금급여액 추계에 의하면 2050년까지 누적해서 볼 경우, 재해보상기금을 활용하여 구직급여를 제공하는 방안이 폐교로 인한 퇴직 시 연금을 지급하는 현행안보다 2018년 현재가치로 123억 원 정도 유리한 것으로 나타났다. 셋째, 현재 수급자와 미래 수급자의 예상 연금급여액 추계에 의하면 2028년까지 누적해서 볼 경우, 재해보상기금을 활용하여 구직급여를 제공하는 방안이 현행안보다 2018년 현재가치로 747억 원 정도 재정적으로 유리한 것으로 나타났다.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.18 no.11
• /
• pp.409-415
• /
• 2017

This study examines the effect of pay dispersion on labor productivity by focusing on the inflow of newcomers into the tournament and the outflow of stayers from the tournament. According to tournament theory, the expansion of pay dispersion within the organization contributes to enhanced organizational performance by attracting high performers externally and by removing low performers internally within the organization. However, previous studies regarding tournament theory have overlooked the participant aspects. Therefore, this study explores how external hiring and involuntary turnover influence the effect of pay dispersion on labor productivity. This paper hypothesizes that pay dispersion will have a positive effect on labor productivity. Moreover, this paper predicts that the inflow of new competitors will strengthen the positive effects of pay dispersion on labor productivity, whereas the outflow of incumbents will weaken this relationship. Empirical results showed that pay dispersion increased labor productivity and the inflow of newcomers strengthened this positive relationship. However, contrary to our prediction, the outflow of incumbents weakened the positive effect between pay dispersion and labor productivity. These theoretical arguments and empirical findings highlight the proper conditions should be equipped to practically achieve the positive effect of pay dispersion on labor productivity.