• The Korean Journal of Financial Management
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• v.15 no.2
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• pp.211-233
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• 1998

본 연구에서는 대기업의 부도가 은행주가수익률에 미친 영향을 분석하였다. 분석대상사건은 1997년의 한보철강 부도, 삼미그룹 법정관리신청, 기아자동차 부도유예협약적용을 택하였다. 분석결과는 다음과 같다. 첫째, 사건기간의 시장모형(OLS Market Model)에 의한 평균초과수익률과 누적평균초과수익률이 은행전체와 대출은행 그룹에 대하여 유의한 (-)의 반응을 보여 신정보가설이 지지되었다. 둘째, 대출은행그룹의 평균초과수익률과 누적평균초과수익률이 기타은행그룹에 대하여 유의한 (-)의 차이를 나타내었다. 그러나 기타은행의 경우에도 사건일을 전후하여 평균초과수익률이 유의한 (-)의 반응을 보여 일부 투자자감염효과가 나타났고, 대출은행의 누적초과수익률이 대출지분비율(=부도 대기업에의 대출금액/자기자본)과 유의한 (-)의 선형관계를 보이지 않아 주가반응 정도가 대출정도를 반영한다는 합리적가격결정가설은 기각되었다. 셋째, 대출은행의 누적초과수익률과 자기자본비율(=자기자본/총자산)이 사건기간 전체에 대하여 유의한 (+)의 선형관계로 나타나지 않아 재무건전성이 높은 은행이 거래기업의 부도와 같은 부정적 정보에 더 저항적일 것이라는 자본적합성가설은 기각되었다. 이상의 결과는 신정보가설을 제외하고는 미국 등의 선행연구와 다른 것이며 우리나라의 경우 대기업 부도에 따른 은행주가반응에 관한 한 준강형 효율적 시장가설을 지지하는 증거가 부족하다는 것을 시사한다.

• The Journal of the Korea Contents Association
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• v.17 no.9
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• pp.255-267
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• 2017

The purpose of this research is to secure the foundational data for analyzing the mediating role of social capital from the influences of the feeling of self-efficacy of the elderly on the preparations for the old age. The subjects of this study were 518 questionnaires collected from March 20 to April 1, 2016 for the elderly over 60 years old who were living in S city. Regarding the data, the SPSS 20.0 and the AMOS 20.0 were used. And, the results of this research were the following: First, if we take a look at the influences of the feeling of self-efficacy on social capital, the feeling of self-efficacy has the positive influences. And, second, the influences of the feeling of self-efficacy on the preparations for the old age, also, are positive. Third, the influences of the social capital on the preparations for the old age, too, are positive. As such, we can find out that both the direct and indirect effects were shown. Lastly, we can find out that the feeling of self-efficacy has the partial mediating effects on the social capital and the preparations for the old age. Consequently, although the feeling of self-efficacy is insufficient with regard to the economic preparations, we can positively find out that it was able to effectively derive the satisfaction in life by utilizing the social capital. In preparation for the super-aged society, the improvements and the expansions of the social programs and the services resulting from them are needed through the establishment of a foundation regarding the life-periodical, social participation, the establishment of a socially-shared system that can be continued, and the policy of strengthening the social capital.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.6
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• pp.483-488
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• 2019

This study first examines whether the high matching principle reduces the cost of equity, and then examines the effect on discretionary accruals and capital cost. According to previous studies, the higher the response to revenue cost, the higher the earnings quality. The higher the quality of earnings, the lower the information risk, and the lower the information risk, the lower the capital cost of enterprise. Discretionary accruals can play two roles in opposing each other. One is that managers use the discretionary accruals to provide private information about the future of the corporation to the market, thus enhancing the usefulness of the earnings. The other is that managers can use the discretionary accruals opportunistically to distort earnings and provide misinformed information to investors, thus reducing the usefulness of earnings. The results of this study represents that the higher the responding to the revenue cost, the less the cost of equity. In the case of firms with high revenue response, we examine whether discretionary accruals reduce the cost of equity capital. As a result of the study, the higher the responding to the revenue cost, the lower the cost of equity capital. Companies with higher matching principle have been shown to reduce their capital costs by using discretionary accruals.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.13 no.2
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• pp.139-158
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• 2018

Considering that the subject of innovation of SMEs is the CEO, it is very important to study the innovation behavior of the CEO at the individual level. The purpose of this study is to examine factors affecting innovation work behavior of SME CEOs. The purpose of this study was to examine the effects of self-compassion and self-transcendence on innovation work behavior, which are the emotional intelligence factors that show the psychological growth and potential of individual, and the career ambition and positive psychological capital did. In order to verify the research hypothesis, we analyzed 238 questionnaires collected from CEOs and executives of SMEs focused on auto parts and manufacturing. Factors affecting innovation behavior of SME CEO are summarized as follows. First, career ambition has a positive effect on positive psychological capital. Second, positive psychological capital has a positive effect on innovation work behavior. Third, self-compassion of CEO has positive influence on self - transcendence. Fourth, the self-transcendence of CEO has a positive effect on innovation work behavior. This study confirms the relationship between CEO career ambition, positive psychological capital, self-compassion, self-transcendence, and innovation work behavior of SME CEO and confirms the influence relationship between positive psychological capital and self-transcendence It is meaningful. Finally, theoretical and practical implications were discussed based on the results of the study.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.35 no.1
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• pp.193-202
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• 2015

This study suggests strategies business strategies of specialty contractors by interaction analysis between business performance indicators and construction business indicators depending on operation types. To analyzing this research, a database was analyze for construction orders and business performance indicators for specialty contractors with KRW 7 billion from 1997 to 2010 yr. For organized management oriented specialty contractors, the amount of construction orders is directly affecting the corporate stability and therefore decreasing orders can negatively affect the owner's equity ratio. However, considering that the turnover ratio of total liabilities and net worth is affecting the owner's equity, an asset management plan needs to be established in a way to increase sales to the owner's equity secured with increase in construction orders. For a single leader oriented specialty contractors, the owner's equity ratio is also significantly affected by change in the amount of construction orders and some countermeasure is required. But, as liability ratio is affecting the amount of construction orders, some sort of countermeasures to decrease liability ratio is required.

• Proceedings of the Korea Society for Industrial Systems Conference
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• 2008.10b
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• pp.170-177
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• 2008

기존의 지식공유에 관한 연구들은 KMS를 중심으로 연구를 진행하였다. 그러나 최근에는 폐쇄적 성격을 가진 KMS 뿐만 아니라 개방적인 성격의 인터넷 공간에서도 지식 공유활동이 활발하게 일어나고 있다. 네이버의 지식인, 포털 사이트들의 지식공유 공간들은 그 중요한 예가 될 것이다. 이런 인터넷 공간에서의 지식공유에 행동에 대한 연구는 미비하기 때문에 이에 대한 연구가 필요한다. 본 연구에서는 이런 상황들은 고찰하여 사회적자본 이론(Social Capital Theory)과 자기표현 개념을 중심으로, 인터넷 지식공유에 미치는 영향 요인들을 밝히고자 시도하였다. 실증분석을 위해서 구조모형을 제안하였으며 PLS를 사용하여 분석하였다. 결과적으로 사회적자본과 자기표현은 지식공유의도에 유의한 영향을 미치는 것으로 나타났다.

• Management & Information Systems Review
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• v.28 no.3
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• pp.161-189
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• 2009

The sub-prime crisis led to the collapse of US investment banks which were considered highly competitive during the Asian Financial Crisis. The event gave us a lesson on importance of the financial supervision. Additionally concerns rise over the fact that the role model of the Capital Market Law, created for the purpose of developing the capital market, is the US investment banks. This paper investigates if the prudential regulations, among them especially the capital regulation, are able to prevent the risk the arises from Korean financial firms operating investment bank business. The current capital requirement regulation, Net Capital Ratio(NCR), is not sufficient, because it's nature of being a ratio makes the NCR ineffective when assets and liabilities are concurrently rising. We also verified the internal model which measured the market risk, by comparing the US investment and Korean banks' diversification effect. The result of the test is that it is difficult to conclude the internal model has a critical defect. This paper's contribution is that it is not sufficient use only the capital regulation in supervising financial markets.

• The Journal of the Convergence on Culture Technology
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• v.8 no.1
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• pp.435-440
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• 2022

This study analyzed the impact of changes in real estate prices on the soundness of Korean banks using multiple regression models. As a result of the analysis, changes in real estate prices significantly increase the banks' non-performing loans through the increase in loans. Among macroeconomic variables, short-term interest rates were found to have a significant effect on all soundness indicators such as BIS capital adequacy ratio, non-performing loans ratio, and liquidity coverage ratio. Among the bank characteristics indicators, the loan growth rate had a significant negative effect on BIS capital adequacy ratio, and the real estate mortgage rate had a significant positive effect. In additional, it was found that non-performing loans ratio and liquidity coverage ratio had a negative effect on BIS capital adequacy ratio.

• 한국벤처창업학회:학술대회논문집
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• 2023.04a
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• pp.63-66
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• 2023

최근 경기침체와 고용 없는 성장, 그리고 실업률을 극복하기 위해 다각적인 해법을 찾고 있으며, 이를 개선하기 위한 방법으로 창업을 통한 일자리 창출을 중요히 여기는 정부는 창업을 적극적으로 권장, 지원하고 있다. 창업관련 기존의 연구는 주로 청년과 대학생, 시니어 창업과 관련한 창업의도에 미치는 선행변수에 대한 연구들과 독립창업, 가맹점 창업, 소상공인 창업 등 창업형태에서 창업에 대한 영향관게 연구들이 주류나 직장인들을 대상으로한 창업의도 연구는 찾아보기 힘들다. 본 연구의 목적은 창업의도를 향상하기 위한 주요한 방법으로 창업내·외적 동기의 중요성을 강조하고 심리적 자본, 사회적 자본, 인적자본, 경제적 자본이 창업의도 사이에서 매개적인 역할을 하고 있는지 탐색적으로 분석하는데 있다. 직장인의 여러 자본요인 중 주요 자본 요인을 도출하여 정부창업지원제도 개선 방안 마련과 창업환경 조성을 통해 창업 성공률을 제고하고자 한다.

• Journal of Korean Electronics
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• v.5 no.3
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• pp.119-121
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• 1985