• Proceedings of the Korea Water Resources Association Conference
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• 2016.05a
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• pp.599-599
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• 2016

본 연구에서는 자연재해에 따른 재해 발생 시 신속하고 효율적인 대응을 위하여 시설물의 중요도 위험도 피해액 평가 인벤토리를 구축하였다. 인벤토리 구축을 수행하기 위해서 재해에 따른 시설물의 위험 발생 시 피해 시설물에 대한 구분 및 분류가 이루어져야한다. 하지만 재난관리가 수행되어야 하는 시설물 건축물의 정보가 정부 여러 기관에서 각기 다른 형태의 정보로 관리되어짐으로써 재난관리 업무의 효율적 운영에 대한 문제가 제기되어 왔다. 따라서 본 연구에서는 미국의 HAZUS-MH와 DIMSuS의 위험도와 중요도 개념을 기반으로 피해 시설물의 중요도, 위험도 등을 평가할 수 있는 항목들을 선정하고 국내 시설물 분류, 건축법규 및 자산 가치 산정 정보를 활용하여 시설물 재해 대응을 위한 인벤토리 구축을 수행하였다. 본 연구에서는 대구 성서산업단지를 TB지역으로 선정하고, TB지역내의 수변구조물, 산업시설, 주거시설 등 다양한 시설물의 속성 정보를 수집 구축하였다. 또한 신속한 재해 대응을 위해서는 시설물 정보와 공간정보를 융합한 복합적인 정보가 필요하기 때문에 TB지역의 공간정보를 구축하고 시설물의 위치 정보를 생성하고 속성 정보와 연계하여 통합 인벤토리를 구축하였다. 향후 본 연구에서 제안한 인벤토리 시스템을 활용하여 신속한 재해 대응을 위한 의사결정 도구로 활용될 것으로 판단된다.

• Management & Information Systems Review
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• v.29 no.4
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• pp.23-44
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• 2010

This study examines the value-relevance of accruals and discretionary accruals. Also, by examining the effects of the corporate life-cycle on these relationship, this study is able to provide evidence of the value-relevance of accruals and discretionary accruals measures in the economic context of life-cycle theory. This study uses results based on life-cycle classification methods developed by Anthony and Ramesh(1992), adjust Jones model and Dechow Dechev(2002) model. We classify firms using individuals variables(sales growth, capital expenditure growth, employee growth) and then use a composite score obtained from all variables for classification. Our sample consists of 272 firms listed in the Korean Stock Exchange during 14 years(1996-2009). Our final sample for regression variables consists of 2,448 firm-year observations. This evidence implies that the value-relevance of accruals and discretionary accruals in the growth and mature stage can have positive impact on the price but in the decline the value-relevance of accruals and discretionary accruals can have negative impact on the price. The results mean that discretionary accruals communicate managements' private information in the growth stage, but. earnings management in the decline stage. The results of this study suggest that corporate life cycle stages influence the value-relevance of accruals and discretionary accruals measures.

• Proceedings of the Korea Contents Association Conference
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• 2018.05a
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• pp.57-58
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• 2018

자본주의가 인류사회의 행복과 공동번영에 기여하는 경제체제로서 역할을 다하려면, 자본주의 역시 시대의 변화에 맞추어 진화해야 한다. 본 논문에서는 새 시대에 걸 맞는 자본주의의 대안을 논의하고자, 저자 이재윤이 창시한 깨달음경영학(MOSEE; Management Of allSelves' Enlightenment and Empowerment)의 새로운 과학적 학문연구를 통해 새로운 실현성 영역을 추구하는 동시에, 깨달음경영의 새로운 5차원 요소인 영적 자원 및 자산(SRA: Spirit Resource and Asset)과 본질적으로 무(無)에서 유(有)를 창조하는 창조경영(MOC: Management Of Creation)에 대한 연구 및 인간의식 성장 방법론에 대하여 발표 하고자 한다. 따라서 깨달음경영학(MOSEE)에 관한 고유한 철학, 고유한 탐구 영역, 이론, 방법, 기법, 도구, 운영 원리 및 활용 분야 등을 체계적으로 설명하는 것이 목적이다. 이로써 현대의 주요한 여러 경영철학들 예컨대 CSV(마이클 포터) SI(개리 함멜) 복잡계 철학 미덕(美德)경영 등의 내재된 구조적 제약들을 분석 평가하고 한계를 극복하는 방안들을 제시함으로써 이들을 5차원의 깨달음경영학(MOSEE)의 의식(영성)경영철학으로써 통섭을 고찰하고 21세기 우주 인류 신문명 창달을 위한 5차원의 깨달음경영 혁명을 성취하고자 한다. 즉 2040년 전에 지구 인류의 고도 영성 초 과학기술 문명을 넘어서 우주 인류의 초 영성 초 과학기술 문명 창달을 선도하는 학문연구 교육 인류 사회활동을 지속적으로 해갈 것이다. 위와 같이 21세기 우주 인류의 영원한 평화 자유 지속적 번영을 이루고자 한다. 본 연구는 통섭 고찰 제1회로 마이클 포토의 공유가치(CSV: Creating Shared Value)의 통섭을 고찰한다.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.11
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• pp.157-165
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• 2018

Companies conduct R&D for continuous development and enhancement of corporate value, and obtain patents as an intangible asset resulting from this process. This study screened 103 medical device firms whose R&D information, patent information, and management performance information were all published to determine how R&D activities and patents affect corporate operational performance. The number of patents, R&D costs, company type and Inno-Biz of the company were set as independent variables, and the companies' sales, intangible assets, operating profit ratios, net profit margins, corporate ratings and profit-related financial ratios were used as dependent variables. The results confirmed that R&D expenditure had negative (-) effects on most indicators, including sales volume, operating profit ratio, and net profit ratio, while it had positive (+) [ED highlight - these are unnecessary if negative and positive are also written out.] effects only on intangible assets. Additionally, domestic patents were found to have negative (-) effects on sales, cash flow ratings, and dropped capital return, and positive (+) effects on net profit growth. Moreover, the business performance variables affected by the company characteristics were sales volume and cash flow ratings. The medical device industry is dominated by small and medium-sized businesses Although research and development activities and patents have been shown to have a negative impact on corporate management in the short term, they are expected to have a positive long-term impact when reflecting the characteristics of the medical device industry that must undergo clinical trials and authorization procedures after R&D.

• Journal of the Korean Data and Information Science Society
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• v.27 no.4
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• pp.959-967
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• 2016

Distributional assumptions on equity returns play a key role in valuation theories for derivative securities. Elberlein and Keller (1995) investigated the distributional form of compound returns and found that some of standard assumptions can not be justified. Instead, Generalized Hyperbolic (GH) distribution fit the empirical returns with high accuracy. Hu and Kercheval (2007) also show that the normal distribution leads to VaR (Value at Risk) estimate that significantly underestimate the realized empirical values, while the GH distributions do not. We consider saddlepoint approximations to estimate the VaR and the ES (Expected Shortfall) which frequently encountered in finance and insurance as measures of risk management. We supposed GH distributions instead of normal ones, as underlying distribution of linear portfolios. Simulation results show the saddlepoint approximations are very accurate than normal ones.

• Proceedings of the Technology Innovation Conference
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• 2005.02a
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• pp.268-286
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• 2005

본 연구에서는 OECD 주요 10개국을 대상으로 국가별 정보통신산업의 성장 추이를 각각 분석하고 국별 특성을 비교하는데 목적이 있다. 이를 바탕으로 각국의 정보통신산업이 경기순환 또는 단계별 발전 속성을 지니고 있는지를 파악하고 국가별 공통점과 특이점을 분석하고자 하였다. 방법론적으로 OECD 국가들의 정보통신산업 GDP 추이 및 성장률의 움직임을 국면전환 (regime change) 확산과정으로 묘사함으로써 각 국가별 정보통신산업 발전 양상의 특징 및 국면전환 시점 등을 포착해 내고자 하였다 추세를 갖는 대표적 확산과정인 GBM 모형과 평균회귀 성향을 갖는 대표적 확산과정인 Vasicek 모형에 각각 마코프 국면전환을 도입하여 국가별 정보통신산업 GDP 및 GDP 성장률의 추이에 있어 국면 전환 여부와 독특한 발전 특성을 비교 분석하였다. 실증분석 결과 정보통신산업 GDP의 성장률과 변동성 사이에는 높은 상관관계가 있었으며, 한국, 멕시코 등은 고성장, 고변동성을, 미국, 프랑스, 일본 등은 저성장, 저변동성의 특성을 보이는 것으로 나타났다 또한 한국의 경우 유일하게 성장률과 변동성 모두 국면전환이 일어나는 국가로 나타났다. 장기평균 성장률의 특성에 따라 분류한 결과, 한국, 일본, 미국, 멕시코, 뉴질랜드는 고성장에서 저성장으로의 국면전환, 핀란드와 덴마크는 경기 순환적 국면전환, 노르웨이, 프랑스, 캐나다는 단일 국면으로 분류할 수 있었다. 특히 한국의 경우 평균회귀 속도와 변동성이 타 국가에 비해 높은 특성을 보여주었다. 본 연구는 정보통신산업을 미시적 분석이나 세부 항목별 정량적 분석을 통해서가 아니라 산업의 발전 속성 및 경기 순환 등의 관점에서 분석함으로써 정보통신산업 정책의 수립 및 집행을 거시적 안목 하에 정립할 수 있게 한다는 데 의의를 가진다. 또한 경제변수를 묘사하는데 있어 국면전환 확산과정을 사용함으로써 향후 실물옵션 등을 통한 기술 및 무형자산의 가치평가에 있어 기초자산의 움직임을 보다 정확히 포착해 낼 수 있는 프로세스를 제공하였다는데 또 다른 의의를 갖는다고 하겠다.

• The Korean Journal of Financial Management
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• v.25 no.4
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• pp.53-78
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• 2008

Foreign investors who invest in the Korean stock markets are exposed to two kinds of foreign exchange rate risk, the economic exposure and the translation exposure. The former is the foreign exchange rate exposure in return generating process of the assets invested and the latter is the foreign exchange rate exposure in the translation of domestic return into foreign investors' currency. Domestic investors, however, are exposed only to foreign exchange rate exposure in the asset invested. This different situation on foreign exchange rate exposure between foreign investors and domestic investors can induce different response to exchange rate change by investor groups. Previous studies on foreign exchange rate exposure of Korean firms reported that quite a few Korean firms are exposed to foreign exchange risks and suggested to manage the foreign exchange risks. Also, many studies on the market segmentation showed that a market can be practically segmented according to the characteristics of investor groups. These studies support the hypothesis that the Korean stock market can be practically segmented by the foreign investors' attitude to the foreign exchange rate exposure. This study examines the response of both foreign investors and domestic investors to the foreign exchange rate exposures in Korean stock markets. Test results show that foreign investors increase their sell transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors attempt to actively manage the decrease in value of their assets due to rising of exchange rate. Analysis on the sell order data is also supportive to this interpretation. Foreign investors also increase their buy transactions when the foreign exchange rate exposure of the previous day is negative. This result can be possible when foreign investors use actively the relation between the increase in asset value and the translation gain due to declining of exchange rate. Analyses on buy order data, however, do not show the same result as the analyses on transaction data. This difference may come from the difference of information contained in transaction data and order data. In summary, the result of the paper supports the hypothesis that foreign investors response differently to foreign exchange rate exposure compared with domestic, Korean investors. Two groups do not show different response when exchange rate exposure is positive, i.e., as foreign exchange rate is increase (decrease), the asset value is increase (decrease). However, foreign investors' response is different from that of domestic investors when exchange rate exposure is negative, i.e., as foreign exchange rate is increase (decrease), the asset value is decrease (increase). These results mean that foreign investors and domestic investors are placed in different situations related to foreign exchange rate exposure, and these differences are reflected in the Korean stock markets. And domestic investors need to consider foreign investors' different attitude to the foreign exchange rate exposure when they analysis foreign investors' trading behavior.

• Korean Journal of Construction Engineering and Management
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• v.9 no.5
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• pp.95-103
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• 2008

In recent years, there has been more reconstruction and redevelopment of apartments rather than efforts to consider alternative to extend the life time oh the apartments. It is essential to try to develop ways to adequately maintain and to use the apartment facilities efficiently in order to preserve earth environment and the limited resource. However, lacking research on the effects obtained through remodelling and maintenance have interfered with the vitalizing of the market. The objective of this study is to propose criterions and methods with which to evaluate adequacy of developing method. A survey was performed to investigate important evaluating methods in order to obtain advices that can smoothly progress improve apartment developing method. This study applied AHP(Analytical Hierarchy Process) methods for reasonable dependancy of developing in apartment. Through this study, the flow of apartment market is elevated to reaching the level in advanced nation.

• Journal of the Korean BIBLIA Society for library and Information Science
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• v.28 no.4
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• pp.203-221
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• 2017

This study is to suggest some improvement directions of the criteria for the management evaluation in order to contribute to the achievement of lasting value of the continuous development and publicity in regard to the public library means-efficiency. To this end, This study analyzed the means-efficiency evaluation criteria via theoretical review on business analysis of private enterprise and the analysis framework based on it. The improvement of evaluation criteria in regard to efficiency for the continuous development of public library are as follows. 1) Regardless of domestic and foreign, an efficiency index in the performance evaluation index of public library is absolutely insufficient. The sufficient indexes measuring efficiency which is appropriate for the concept of performance should be developed. 2) A flow data representing input and performance in certain time period is insufficient. Therefore, evaluation index consisted of flow data should be more developed. 3) Long term stock data is excluded in the term cost as it is the cost used for the long term such as fixed assets. However, it is useful as input data, which is realized through the perfect accounting.

• Journal of the Korean Society of Marine Environment & Safety
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• v.24 no.4
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• pp.451-458
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• 2018

The coast of Incheon reaches Incheon itself, Gimpo, Siheung, and Ansan of Gyunggi-do. Because this area has been seriously polluted, the Ministry of Oceans and Fisheries has established the Incheon Special Area Management Plan (SAMP) to preserve sea water quality as a marine environment asset. However, there is concern that actions taken in this area may change the surrounding marine ecology, being effected by farms, via a river that flows from waste lands, abandoned fishing activities and fishing nets, etc. Given this background, this study estimates the value of SAMP sea water quality using a choice experiment (CE). A CE survey of 1,000 households was undertaken, investigating trade-offs involving price and four attributes for selecting a preferred alternative to obtain a marginal willingness to pay (MWTP) estimate for each attribute. The estimation results showed that MWTP for a 1 %p improvement in sea water quality, the diversity of fauna species, the diversity of flora species, and a 1 %p reduction in marine litter as a result of conserving Incheon coastal sea water quality are estimated to be KRW 75, 135, 309 and 72 per household per year, respectively. All estimation results were statistically significant at the 1 % level. These findings can provide policy makers with useful information for evaluating and planning marine environmental management policies.