• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.32 no.12B
• /
• pp.815-825
• /
• 2007

It is necessary to establish a systematic framework where the performance of governmental funding projects can be evaluated just-in-time as well as objectively regarding IT small and medium-sized enterprises and venture business. In this study, a framework is proposed for the performance evaluation using Data Envelopment Analysis (DEA) and a case study is illustrated with an empirical dataset. Especially, in order to enhance the reliability of optimal solutions, a DEA/AR-I revised model is developed by adding Acceptance Region (AR) Type I constraints into the DEA basic model. Based on the procedure and the models, it is considered that an 'efficiency score' can be calculated as a guideline for conducting successive performance evaluation processes fast. As for major governmental funding projects with respect to 'IT SMERP 2010 Plan', performance evaluations are discussed concerning between projects as well as between corporate entities within each project.

• Proceedings of the KAIS Fall Conference
• /
• 2000.10a
• /
• pp.43-46
• /
• 2000

모든 국민이 시간과 장소, 그리고 사회경제 및 신체적 제약없이 전기통신서비스를 이용가능케 하는 보편적 서비스(universal service)는 정보통신정책에서 가장 핵심적인 사항이다. 국가의 경제적 능력과 정보통신의 발달 수준에 따라 보편적 서비스의 정의와 수준이 다르지만, 보편적 서비스의 정의를 위한 일반적인 원칙과 공통적으로 포함되어야 할 요소를 파악하였다. 보편적 서비스를 달성하기 위한 자금확보는 정책시행단계에서 가장 중요한 사항이므로 시장구조와 규제제도의 맥락에서 파악하고 있다. 경쟁의 도입과 무선기술의 도입 등 급속한 환경변화에 대응하기 위한 정책을 제시하고 한국의 보편적 서비스 정책에 대한 현황을 파악하였다. 초고속정보통신망으로 대표되는 고도정보통신기반에 따른 고도의 보편적 서비스에 대하여 검토하였다.

• Journal of Convergence for Information Technology
• /
• v.12 no.3
• /
• pp.222-235
• /
• 2022

The Government provides a financial assistance to stimulate firm R&D and innovation activities. Previous papers on the impact of public subsidies on firm R&D investments mainly had a focus on an individual policy tool regardless of potential impacts of other policy instruments. This study addresses this gap by examining the effects of policy mix regarding a subsidy and a tax credit. The empirical analyses from fixed effect model using Survey on Technology of SMEs 2015-2017 revealed valuable points. First, policy mix induces more R&D investment of SMEs, which in turn, shows a complementary relationship between two instruments. Second, even if impact of tax credit controlled, subsidy is positively associated with SMEs R&D investment. These findings justify policy mix interventions to promote SME R&D activity. Moreover, grants can be applied as a more useful policy tool for SMEs that are constrained by resources and capabilities.

• 해운
• /
• s.104
• /
• pp.9-23
• /
• 2013

세계경제는 올 2분기 이후 완만한 회복세를 보이고 있다. 선진국 국가부채 문제가 점차 조정되고 있기 때문에 미국, 유로존 등 선진국이 주도하는 세계경기 상승흐름은 내년까지 이어질 전망이다. 다만 세계경기가 회복되는 속도는 빠르지 않을 것으로 예상된다. 미국 양적완화 축소로 국제금리가 오르고 신흥국 및 기업의 자금조달 여건이 악화될 전망이다. 신흥국 자금유출은 내년에도 이어지면서 금융시장 불안요인이 될 것이다. 중국도 투자조정이 지속되면서 전반적으로 개도국 경제의 활력이 과거 경기 회복기만큼 높지 못할 전망이다. 세계경제 성장률은 올해 3.1%에서 내년 3.4%.로 완만한 상승이 예상된다. 세계경제가 회복되면서 국내경기도 상승흐름을 보일 전망이다. 하반기중 정부수요는 줄어들 것이지만 민간부문의 활력이 높아지면서 올해 연간 2.8% 수준의 성장세를 기록할 것으로 전망된다. 수출이 주도하는 경기회복세는 내년까지 이어질 것으로 보인다. 수출증가로 미루어두었던 설비투자가 재개되고 가계소비도 올해보다 증가율이 높아질 전망이다. 다만 국내경기 역시 회복 속도는 빠르지 않을 것이다 선진국 적자 축소 노력으로 자국생산이 강조되면서 세계교역 증가세가 과거만큼 높지 못할 것이다. 금리상승에 따른 가계부채 부담 증가 고령층 소비성향 저하는 소비회복을 제약하는 요인이다. 올해 큰 폭으로 반등했던 건설투자도 정부의 주택공급 축소방안, SOC 예산 삭감 등으로 내년에는 다시 둔화될 전망이다. 내년 국내경제 성장률은 3.6%. 수준에 그칠 것으로 예상된다. 수요확대에 따른 인플레 압력이 커지겠지만 국제원자재 가격이 안정되면서 소비지물가는 2%대 중반 수준을 기록할 전망이다. 고용사정도 올해보다 완만하게 개선되는데 그칠 것으로 보인다. 금리는 지속적인 상승세를 보이면서 기업 자금조달 여건을 어렵게 할 것이다. 경상수지 흑자는 올해 650억달러 수준으로 사상최고치를 기록한 후 내년에도 400억달러를 넘어설 전망이다. 이에 따라 미국 양적완화 축소에도 불구하고 원화는 절상기조를 지속해 내년 원화환율은 평균 달러당 1,060원 수준을 기록할 것으로 예상된다. 다음은 LG경제연구원에서 발표한 "2014년 국내외 경제전망"의 주요 내용을 정리한 것이다.

• Management & Information Systems Review
• /
• v.32 no.5
• /
• pp.135-155
• /
• 2013

Corporate primary goal has shifted from profit-orientation toward broader socially motivated perspectives, over the recent year. According to this phenomena, extensive research have been conducted to assess the empirical association between CSR and firm value. However, the results of previous studies are largely indeterminate which are attributed to the ignoring various indeterminate variables between CSR and firm value. Specifically, the purpose of this paper verifies the empirical association between CSR and firm value with considering capital constraint as core moderator variable by using structural equation modeling(SEM). Main results of this paper are as follows. We find that firms with better CSR performance face lower capital constraint and capital constraint is significantly related to firm value in negative direction, also. The result suggest that better CSR performance is associated with superior stakeholder engagement, in turn, CSR initiatives leads to firm value creation. Also, the capital constraint still remain positive to firm value even if capital constraint is considered moderator variables. Our findings implicated that CSR literatures should consider moderator variables, such as capital constraint, which could be affected firm value.

• Management & Information Systems Review
• /
• v.33 no.5
• /
• pp.171-184
• /
• 2014

This paper investigate the impact of external financing constraints(EFC) on the dividend policy(cash dividend ratio) and the impact of interaction of ownership structure((1)the percentage of shares held by external blockholder who owns at least 5% of equity(5% BHR), (2) the percentage of shares held by foreign investors(Foreign), (3) the percentage of shares by insider shareholders(Insider)) and external financing constraints on the dividend policy. The purpose mentioned above are empirically tested using 370 firm-year data listed on the Korean Exchange(KRX) with multiple regression method. Summarizing the results of analysis as following; Firstly, we find that EFC has negative relationship with cash dividend ratio. Secondly, interaction of 5% BHR and EFC has positive relationship with cash dividend ratio. Also, interaction of Foreign and EFC has positive relationship with cash dividend ratio. But, Insider and EFC has negative relationship with cash dividend ratio. This study contributes to research related to dividend policy by recognizing that ownership structure influences the dividend policy.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.20 no.41
• /
• pp.123-134
• /
• 1997

In this paper we consider the CSP requirements determination problem of new equipment system. The CSP we deal with in the paper are restricted to the demand-based spare parts. For the newly procured equipment systems, mathematical analyses are made for the system which is constructed with the repairable items to derive the associated CSP requirement determination model in mathematical expression, respectively. Based on these analyses, a mathematical model is derived for making an optimal CSP requirement determination subject to the constraint of satisfying any given funds limitation. We assume that the failure of a part follows a Poisson process. Firstly, the operational availability concept in CSP is defined and the relation between the general system availability and the operational availability is established. Secondly, the problem is formulated as the operational availability maximization problem that should satisfy the funds limitation, and then, using the generalized Lagrange multipliers method, the optimal solution procedure is derived.

• Journal of Korean Society of Industrial and Systems Engineering
• /
• v.24 no.69
• /
• pp.1-12
• /
• 2001

In this paper, the consumable concurred spare parts requirement determination problem of newly procured equipment systems is considered. The problem is formulated as the operational availability maximization problem with any given fund limitation. the that the failure of a part follows a Poisson process and part failure rate is constant in spite of the decrease of number of equipments during operational period, an analytical method is developed to obtain spare part requirements using the generalized Lagrange multipliers method, The numerical examples show that analytic solution is mostly equal to the realistic solution obtained from simulation regardless of assumptions about part failure rate. It is expected that the analytical method developed in the paper can be effectively used to make a budget for provisioning the concurrent spare parts of newly procured equipment system.

• Proceedings of the Korea Information Processing Society Conference
• /
• 2022.05a
• /
• pp.375-378
• /
• 2022

한계기업은 성장가능성이 있는 기업들에게 돌아가야 할 자금 및 지원정책을 기업의 연명수단으로 전략하게 될 가능성이 있어 비효율적 자원배분을 초래하게 되며 이는 궁극적으로는 경제성장의 제약을 유발하게 된다. 따라서 본 연구에서는 뉴스 데이터를 활용하여 이러한 한계기업을 초기에 탐지할 수 있는 방법을 제안하고자 한다. 연구결과, 뉴스 데이터를 활용하였을 경우, 그렇지 않은 경우보다 모든 지표가 우수한 것으로 나타나 실제적인 문제에서의 적용 타당성과 가능성을 보였다. 이를 통해 기업은 부실화된 정도를 사전에 예측하여 경영 전략 재수립을 위한 지표로 활용할 수 있을 것이며, 투자자는 리스크를 관리할 수 있는 수단으로 활용될 수 있다.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.21 no.11
• /
• pp.804-813
• /
• 2020

This paper finds that Korean zero-leverage firms are not homogeneous. By conducting both univariate and multivariate logit regression analysis, this paper finds that Korean zero-leverage firms have zero leverage as either a consequence of financial constraints or because of a strategic decision to mitigate under-investment incentives and preserve financial flexibility. There are two distinct groups of unlevered firms with different levels of constraints as measured by their dividend policy, namely dividend payers and non-payers. Importantly, this paper finds new evidence that these two groups have different motives for selecting a zero leverage policy. Firms in the first group (non-payers) have zero leverage, mainly due to financial constraints. They rely heavily on their internal funds and consequently invest in fewer growth opportunities than their levered counterparts. Firms in the second group (payers) deliberately avoid debts and preserve financial flexibility to mitigate investment distortions, as predicted by the under-investment and financial flexibility hypotheses.