• The Korean Journal of Financial Management
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• v.18 no.2
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• pp.99-123
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• 2001

예금보험제도는 금융기관에 대한 예금자의 신뢰성을 보장해 주어 금융제도의 안정성을 유지시킨다는 면에서 유용한 제도이나 보험의 일반적인 속성인 도덕적 해이를 유발할 수 있다는 단점이 있으며, 이를 방지하기 위한 대안으로 예금보험료율을 금융기관의 위험에 따라 차등화 하는 위험예금 보험료율 제도가 검토되어 왔고 일부 국가에서는 이를 시행하고 있다. 위험예금보험료율을 결정하는 방안으로 그간 주가자료를 이용한 옵션가격결정모형이 주로 연구되어 왔는데, 본 연구에서는 Cox의 위험비례모형을 이용하여 은행의 위험을 측정하고 보험료율을 결정하는 방안에 관하여 연구하였다. 위험비례모형은 옵션가격결정모형과 달리 재무지표를 사용하므로 감독당국에서 실무상 적용하기가 용이하다는 등의 장점이 있다. 위험비례모형을 국내은행에 적용하여 실증분석한 연구결과 현행의 고정 예금보험료율은 국내은행의 위험에 비해 상당히 낮은 수준으로 나타났으며, 보험료율 결정에 가장 큰 영향을 미치는 변수인 은행 실패시 예금보험기구가 부담하는 손실비율을 최소화하기 위해서는 부실은행은 조기 퇴출시켜야 한다는 논리적 타당성도 도출하였다.

• Journal of the Korea Society of Computer and Information
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• v.3 no.3
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• pp.129-137
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• 1998

A position of small and medium size business is increasing in the national economic. On the other hand, there are many difficulties in the small and medium size business. The most difficult problem is the financial supply for the small and medium size business. This study is analzing the financial stability ratios of the small and medium size business in comparision with financial ratios of a large enterprise and industrial average ratio. As the result, the degree of financial stability ratio of small and medium size business is lower than industrial standard ratio. While the degree of financial stability and liquidity ratios of the small and medium size business is higher than industry average ratio. the degree of dependence of borrowing of the small and medium size business is lower. Therefore, it is necessary for nation and administration organization to supply financing for the small and medium size business.

• Management & Information Systems Review
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• v.31 no.4
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• pp.491-516
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• 2012

The KPI of the four perspectives in BSC need to modify because of the change of management environment. In particular, the KPI of the financial perspective needs to modify necessarily. The KPI of financial perspective has been consisted of short-term measures: net profit current year, operating profit, ROE, ROIC, and EVA. But this financial indicators cannot afford to represent essential corporate sustainability management in the change of management environment. So this study suggests CSV(Creating Shared Value) as an additional KPI of financial perspective. And this study investigates whether CSV represents business performance as the additional KPI in BSC adoption firms. To verify a hypothesis, the sample includes listed firms announcing CSR index publicly between 2005 and 2010. The results of this study are summarized as follows. The high CSV firms is higher on the value relevance of firm in comparison with low CSV firms. Moreover, The firm value of BSC adoption firms is lower than otherwise, but it is insignificant. Limitation of Our study is that we have no choice but to use dummy variable. Because it is a material question as CSV measurement. Nevertheless, contribution of our study is to suggest new KPI of BSC perspective to meet management environment.

• Management & Information Systems Review
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• v.30 no.4
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• pp.175-193
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• 2011

This paper tests a correlation between degrees of operating leverage(DOL) and financial leverage(DFL). For an empirical analysis, this paper extracted information from financial statements of manufacturing companies listed in the Korea Stock Exchange. Data extend from 1990 to 2009. The DOL continued to increase until 1997, but decreased dramatically after the IMF financial crisis. However, the DOL has been at a higher level than companies of other countries such as USA and Japan. The DFL has been maintained at a much higher level, as expected. The empirical results indicate a positive correlation between the DOL and the DFL. To further investigate, we divide the whole sample into subgroups according to such management elements as asset size, IMF crisis. The results for sub-samples are different from those of whole sample. This indicates we need to incorporate specific managerial factors in order to correctly explain financial decision processes.

• The Korean Journal of Financial Management
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• v.14 no.2
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• pp.253-271
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• 1997

본 연구는 1988년부터 1994년까지 우리나라 주식시장에 상장된 IPO 주식의 장단기 성과를 분석하고, IPO 기업들의 상장 후 영업성과를 상장 이전의 영업성과와 비교하는 데 그 목적이 있다. 본 연구의 특징은 가격제한폭 제도가 상장 후 IPO 주가에 미치는 영향을 고려한 점에 있다고 할 수 있으며, 실증분석 결과 다음과 같은 사실들을 발견하였다. 단기적으로 볼 때, IPO 주식의 비정상 최초수익률은 가격제한폭을 고려하여 측정하는 경우에 훨씬 더 높게 나타나며 또한 상승시장의 경우에 더 높게 나타난다. IPO 주식은 상장 이후에도 추가적인 초과수익을 올리며, 상장 직후에 과잉반응 현상을 동반한다. 장기적으로 볼 때, IPO 주식의 수익률은 시장 평균수익률에 미치지 못한다. IPO 기업들의 영업성과가 상장 이후에 현저히 악화되는 것으로 나타난다. 이는 IPO 기업들이 공개모집을 하는 과정에서 기업내용을 과대포장(window-dressing)하는 증거라고 볼 수 있다.

• Proceedings of the Korea Information Processing Society Conference
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• 2022.05a
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• pp.464-467
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• 2022

기업의 사회적 책임에 대한 요구가 높아짐에 따라 기업의 지속 가능 경영 보고서 발간은 증가 추세를 보이고 있다. 그러나 이전까지의 연구는 지속가능성 및 기업의 재무적, 비재무적 연관성에 초점이 맞춰져 있었으며, 전통적인 토픽 모델링 기법만을 제한적으로 사용한다는 한계를 보였다. 본 연구에서는 Transformer 기반의 맥락을 고려한 토픽 모델링 기법을 도입하여 다양한 이해관계자 측면에서 이용 가능한 25 개의 주제를 도출하였다. 또한 동적 토픽 모델링(Dynamic Topic Modeling)을 통해 주제의 변화를 시계열적으로 파악했다.

• The Korean Journal of Financial Studies
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• v.6 no.1
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• pp.47-65
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• 2000

효율성은 산출물의 가치와 그 산출물을 창출해 내기 위해 생산과정에서 소비한 투입물 가치의 비율로 나타낸다 투입물이나 산출물의 시장가격이 존재하는 경우 이 값을 가중치로 이용하여 산출물과 투입물의 가치를 계산할 수 있다. 그러나 투입물과 산출물의 종류가 다양한 경우에는 투입물의 가치를 적절히 평가하기가 쉽지 않다. Data Envelopment Analysis(DEA)모형은 효율성을 여러 가지 투입물의 가중평균에 대한 여러 가지 산출요소의 가중평균의 비율로 표시하며, 특정 의사결정단위의 효율성 정도는 유사한 투입 산출구조를 가지는 준거집단과 비교하여 상대적으로 측정하고자 하는 방법이다. 본 논문에서는 DEA모형의 구조와 이론적 근거, 그리고 적용상의 장단점에 대해 알아 본 뒤 국내 일선우체국의 운영자료를 토대로 하여 공공적인 성격을 띠는 기관의 운영효율성 측정에의 적용사례를 제시하였다. 투입자료로는 '98년 우정사업자료를 중심으로 공통영업비, 우편영업비, 금융영업비, 직원수, 관할가구수, 관할면적, 고정자산 등 7개 변수와 우편영업수익, 금융영업수익, 보험수지차, 배달 및 중계 우편물량, 현금출납 취급건수, 연평잔실적의 6개 변수를 각각 투입물과 산출물 변수로 설정하여 모형을 구축하였다. 분석대상으로 삼은 64개 우체국 전체의 효율성 평균은 82.14%으로 나타났으며 DEA모형의 효율성결과와 기존에 이미 발표된 정보통신부 평가결과와의 상관관계는 0.46291로 강하지는 않지만 두 변수간에는 정(正)의 상관관계가 있음을 알 수 있었다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.4
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• pp.446-453
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• 2018

The study examines corporate research & development (R&D) expenditure in modern finance. Firms may face one of the essential issues to maintain their optimal levels of R&D expenditures in order to increase corporate profit. Accordingly, financial determinants that may influence R&D spending are statistically tested for firms listed on the KOSPI stock market during the period from 2010 to 2015. Financial determinants which may discriminate between firms in high-growth and low-growth industries are examined on a relative basis. Explanatory variables including one-period lagged R&D expenses (Lag_RD), cross-product term between the Lag_RD and type of industry (as a dummy variable), and advertising expenses (ADVERTISE) significantly influenced corporate R&D intensity. Moreover, high-growth firms in domestic capital markets showed higher Lag_RD, profitability (PROF) and foreign equity ownership (FOS) than their counterparts in low-growth sectors, whereas low-growth firms had higher market-value based leverage (MLEVER) and ADVERTISE. Overall, these results are expected to influence decision-making of firms concerning the optimal level of R&D expenditure, which may in turn enhance shareholder wealth.

• Journal of Digital Convergence
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• v.12 no.6
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• pp.193-202
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• 2014

Recently the corporate environment is rapidly changing with the development of information technology and globalization of market environment. In order to acquire competitive advantage and promote long- term growth in this corporate environment, korean federation of community credit cooperatives are adopting PMS. However, there have been few studies on the beneficial effects of PMS. A survey was conducted suing a questionnaire on korean federation of community credit cooperatives and collected data were analyzed. This study examines the relation between performance measures and organizational performance. first, financial measures had a significant positive(+) effect on organizational performance. second, non- financial measures had a significant positive(+) effect on organizational performance. Such findings suggest that use of performance measures have a positive impact on organizational performance. the effects of non-financial measures on organizational performance are found more clearly than the effects of financial measures on organizaitonal performance.

• The Journal of the Korea Contents Association
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• v.12 no.4
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• pp.426-437
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• 2012

The purpose of this study is to investigate the relationship between internal service quality, internal customer satisfaction and management outcome of airport security agents. This study had selected special securities from Incheon airport of October, 2011 for population. Using judgment sampling method, 282 samples were drawn and were used for the final analysis. Questionnaire used in study is composed of total 43 questions and using SPSSWIN 18.0, frequency analysis, factor analysis, reliability analysis, multiple regression analysis and path analysis were performed. Cronbach's ${\alpha}$ value which shows the reliability of the survey came out to be over .686. The conclusion is following: First, internal service quality of airport security agents affects internal customer satisfaction. That is, as corporality, responsiveness and empathy increase, internal supply satisfaction and job satisfaction also increase. Second, internal service quality of airport security agent affects job performance. That is, as corporality, reliability and responsiveness increase, non-financial performance and financial performance also increase. However, when empathy is not activated well, financial performance is decreased. Third, airport security agent…s internal customer satisfaction affects job performance. That is, as activation of internal supply satisfaction increases, nonfinancial performance and financial performance are increased. Fourth, airport special security agent…s inside quality of service exerts direction indirect effect in inside customers satisfaction and management result. That is, inside customers satisfaction is an important variable that mediate inside quality of service and management result.