• Management & Information Systems Review
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• v.30 no.4
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• pp.339-358
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• 2011

This study analyzes whether there are differences in the level of compensation and pay-performance sensitivity between venture firms and non-venture firms listed on KOSDAQ. To test the above mentioned purpose, this study uses 726 firm-year data listed on KOSDAQ from 2006 to 2009. The results are as follow: First, we find that managers' compensation level of venture firms are higher than non-venture firms. Second, pay-stock performance sensitivity is higher than pay-accounting performance sensitivity in venture firms. Overall, because venture firms give a lot of stock-option to managers, compensation level of venture firms is higher than other firms. Also, venture firms set higher pay-stock performance sensitivity than pay-accounting performance sensitivity to mitigate short-sighted decision.

• Proceedings of the KAIS Fall Conference
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• 2010.11b
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• pp.797-800
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• 2010

본 연구는 한국 나노기술의 발전현황을 살펴보고 나노기업들이 갖고 있는 재무적 특징을 분석한 것이다. 한국의 나노기술은 정부의 집중적인 지원을 받으면서 기업과 대학을 비롯한 연구기관들 사이의 경쟁적인 연구 속에서 단기간에 괄목할만한 성장을 하였다. 그 결과 미국, 일본, 독일에 뒤이은 높은 기술수준을 보유하게 되었다. 이러한 가운데 나노기술을 보유한 기업들에 대한 재무적 특징을 일반기업들과 비교 분석하여 몇 가지 의미 있는 결과를 확인할 수 있었다. 첫째 나노기업들은 일반기업들에 비해 높은 성장을 보이고 있다. 둘째 나노기업들은 일반기업들에 비해서 타인자본의존도가 높게 나타났다. 끝으로 나노기업들의 수익성은 일반기업에 비해서 낮게 나타났다. 이러한 연구결과는 나노기술의 지속적 발전을 위한 정책적 결정에 중요한 시사점을 제시한다. 우선 정부는 나노기술의 산업화를 지원하여 기술의 제품화를 촉진시키는 것과는 별도로 나노기업의 재무구조개선에 관심을 갖고 부채비율을 낮추도록 해야 한다. 그래야만 수익성을 기반으로 한 지속적 성장이 가능하기 때문이다. 이를 위해서 나노기업에 대한 투자세액공제 등의 정책을 녹색성장정책에 포함시킬 필요가 있다고 본다.

• Journal of Korea Technology Innovation Society
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• v.22 no.1
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• pp.28-49
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• 2019

This paper explores the characteristics of innovation activities in high growth firms that contribute to national and regional economic growth and job creation. The analysis is based on the 2016 KIS data to analyze the difference in innovation activities between high growth firms and general firms. The main results are as follows: First, high growth firms have a higher proportion of R&D personnel than general firms. Second, high growth firms are actively introducing product innovation, process innovation, and organizational innovation as compared to general firms. In the innovation activities related to product innovation and process innovation, there is no statistically significant difference between high growth companies and general companies except for external R&D. Third, High growth firms are more likely to cooperate with other technology partners than general firms. But, there is no statistically significant difference between high growth firms and general firms in the external knowledge search and the diversity of cooperating partners. Fourth, in terms of protecting innovation, high growth firms are more likely to use all kinds of innovation protection method, such as 'utilizing intellectual property rights', 'maintaining confidentiality', 'adopting complex design methods', 'market preemption ahead of competitors', and the most important means is the intellectual property rights. Fifth, government innovation policies that high growth firms chose as important are 'innovation subsidies and loans', 'acquirement, utilization and protection of intellectual property rights' and 'human resource support'.

• The Korean Journal of Financial Studies
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• v.4 no.1
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• pp.73-92
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• 1998

본 논문은 기독인 경영기업과 일반기업의 자본조달전략에 차이가 존재하는지를 미국 기독인 경영기업의 최고경영자를 대상으로 설문조사를 통해 실증분석하였다. 실증분석에 앞서 성경에 기초하여 부채에 관한 원리를 찾아서 정리하였다. 그 다음 도출된 차입원리에 기초하여 네 개의 가설을 설정하였다. 중심된 가설은 기독인 경영기업과 일반기업의 부채비율에 차이가 존재하는가 이었다. t-검증을 한 결과 두 집단의 부채비율에 통계적으로 유의한 차이는 없었다. 그러나 일부의 기독인 경영기업은 무부채정책을 추구하고 있는 것으로 조사되었다. 본 연구는 기업간의 상이한 자본구조의 차이를 성경적으로 접근하여 설명을 시도하였다는 데 그 의의가 있다.

• 한국벤처창업학회:학술대회논문집
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• 2006.04a
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• pp.77-104
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• 2006

Utilizing the patent application data between 1997 and 2002, this study focuses on analysing the impact of patents on firm value. Especially we attempt to examine the difference of patents between venture firms and general firms. This paper first shows that the number of the patent applications of general firms listed on the securities market are more than those of venture firms listed on KOSDAQ. It is thought that this result is originated from facts that the size of firms of the securities market is usually bigger than the firms of KOSDAQ and that these large firms could manage R&D more efficiently. Second, this paper reports that there is no difference in the ratio of patent maintenance between venture firms and general firms. Both venture firms and non-venture firms would do their best to keep their patents after patent regisration. Third, in the regression of patent index and firm growth, we find that the excellence of patent and the number of patents per employee would have an impact on the growth of firms. Fourth, the regression of patent index and profitability shows that the excellence and the number of patents per employee might have an effect on the profitability of firms.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.13 no.1
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• pp.89-104
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• 2018

The purpose of this study is to examine the relation between entrepreneurial self-efficacy and entrepreneurial intention, and analyze how social support gained through social relations influences on the relation between entrepreneurial self-efficacy and entrepreneurial intention. This study outcome is as in the following. First, both general corporate and preliminary social entrepreneur are to examine that entrepreneurial self-efficacy positively influences the entrepreneurial intention. Second, in the case of the social support, it didn't influence on preliminary general corporate. And only feedback support and instrument support are related to influence on preliminary social entrepreneur among social supports. This study shall have a significance in using the result of previous studies that entrepreneurial self-efficacy influences on entrepreneurial intention by looking into moderating effect of social support, classifying general corporate and preliminary social entrepreneur who have the entrepreneurial intention.

• Management & Information Systems Review
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• v.38 no.3
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• pp.245-257
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• 2019

This study focused on the brand attitude of consumers toward social innovation companies so that they could have differentiated competitive advantage and secure competitive advantage with ordinary companies. To this end, the difference in consumer brand attitudes between products of social innovation entities and products of general enterprises was compared through blind testing. The blind test results of this study showed that there was no statistically significant difference in product properties or brand attitudes, but after the information of the after-sales product was disclosed, the information included that the soap product used as a laboratory was natural handmade soap, indicating that post-brand attitudes improved in both social innovation and general enterprise products. And after explaining the social values pursued by social innovators, the increased interest in social innovation firms compared to ordinary enterprises resulted in a statistically significant increase in brand attitudes toward social innovation enterprise products. Clear and unexaggerated information displays on product packaging can be a tool to improve brand attitudes. In addition, in order to raise consumer awareness of social innovation enterprise products, there will be a need to enhance education and promotion policies for social innovation companies at the government level, and developing self-help measures for social innovation companies to promote themselves by presenting the contents of their social values as advertising copy on their product packaging may also be another breakthrough for improving brand attitudes and increasing sales.

• Management & Information Systems Review
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• v.35 no.2
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• pp.137-165
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• 2016

Community enterprise is a type of business that simultaneously pursues public interest and profitability to vitalize the local society and economy and also an alternative endeavor to restore community by local residents using local resources. In rapid changes of business environment and social dynamics of these days, one of the alternatives to provide solutions for problems in persons and organizations is workplace spirituality. Workplace spirituality is not only beneficial to satisfaction, commitment, devotion, and organizational citizenship behavior, but also positively influential to outcome of an organization. Expanding the scope and subjects found in most previous studies on workplace spirituality of general companies, this study tries to contribute to development of community enterprises through empirical analysis of the effect of community enterprise. In result, workplace spirituality showed positively significant influence on job satisfaction, organizational citizenship behavior equally in both of community enterprises and general companies. Job satisfaction presented positively significant effect on organizational citizenship behavior. And job satisfaction mediated the relationship between workplace spirituality and organizational citizenship behavior. In addition, workplace spirituality of community enterprises showed difference from general companies showed greater coefficient and influence. Although workplace spirituality is important for general companies that pursue profit, it is shown that greater significance was found in community enterprises. Workplace spirituality, which is equivalent to A sense of calling, sense of inner life, sense of empathy, sense of community, and sense of transcendence through community enterprise, needs to be promoted and settled in community enterprises.

• Proceedings of the KAIS Fall Conference
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• 2009.12a
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• pp.12-16
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• 2009

본 연구에서는 중소기업진흥공단이 보증한 P-CBO pool에 편입된 중소기업들의 재무적 특성을 기준으로 중소기업의 재무적 특성과 기업가정신의 관련성을 분석하였다. 중소기업진흥공단의 혁신성 위주의 선정기준과 투기등급 업체의 위험감수성에 기반하여 중소기업진흥공단 P-CBO 편입 중소기업의 경우 재무적 특성과 기업가정신 관련성이 클 것으로 해석하였다. 또한 설문을 통한 기업가정신과 재무적 성과에 관한 기존연구를 바탕으로 P-CBO 편입 중소기업의 재무적 특성이 일반 중소기업의 재무적 특성과 차별적일 것이라고 예상하였다. 주요 재무적 변수를 중심으로 2000년~2005년까지 보증된 중소기업진흥공단 P-CBO 편입업체와 유사한 신용평가등급(투기등급) 수준을 보이는 일반중소기업의 재무적 특성을 비교하였다. 연구 결과 P-CBO 편입 중소기업과 일반중소기업간에는 재무적 특성을 기준으로 한 유의적인 차이를 발견하지 못했다. 다만 P-CBO 편입 일반중소기업의 설립 후 경과연수는 유의적인 차이를 보였다. 향후에는 설문 위주의 기업가정신과 재무적 성과에 대한 연구와 더불어 설문 결과 및 재무적 특성을 실증적으로 상호 비교하고 나아가 이를 바탕으로 한 시계열적인 연구가 필요하다.

• Asia-pacific Journal of Multimedia Services Convergent with Art, Humanities, and Sociology
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• v.8 no.4
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• pp.171-181
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• 2018

As the proportion of sports events in the sports industry grows, the official sponsor market for sports events is also increasing. But because official sponsors are limited and expensive, some companies approach sporting events by way of Ambush marketing. This study is to analyze the differences of media exposure between official sponsors and general companies of mega sport events. To accomplish the purpose of the study, we collected text articles and analyzed them from the period of 2016 Rio Olympics, one year before the Olympics and one year after the Olympics. Web crawling was performed using Python for the collection of articles. Morphological and frequency analysis was performed using the KoNLP package and the TM package of statistical program R. In addition, the opinions of the related experts group were gathered to classify the companies or organizations in the media as the Organizing Committees for the Olympic Games(OCOGs), official sponsor, and general companies. As a result of the analysis, 5,220 times appeared related to the OCOGs, 7,845 times appeared related to the official sponsor, and 7,028 times appeared related to general companies. There isn't much difference in the frequency of exposure between official sponsors and general companies. It implies that Ambush marketing is recognized as a strategic marketing technique. The International Olympic Committee(IOC) has to recognize these social phenomena and establish reasonable standards for the marketing activities of official sponsors and general companies. And this study will serve as a basis for fair sponsor activities or marketing activities of sports events.