• 한국경영과학회지
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• 제28권1호
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• pp.79-95
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• 2003

This paper investigates how the weights of performance measures vary depending on corporate life cycle, such as birth, growth, maturity, revival, and decline. Balanced Scorecard performance measures are employed for this investigation. Balanced Scorecard has been widely used for measuring a corporate Performance by incorporating financial and non-financial measures simultaneously. Because these performance measures are related to the compensation and promotion of employees, research of weights of performance measures would be instrumental. Questionnaires from 218 companies are analyzed. Depending on the corporate life cycle, our survey results demonstrate that the weights of the business Performance measures differ In the four Perspectives - financial. customer, Internal Process, and learning/growth. Our results can be used for enhancing the Duality of performance measurement systems.

• 보건의료산업학회지
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• 제10권3호
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• pp.199-211
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• 2016

Objectives : This study compared the influencing factors on life satisfaction after retirement between public pension and specific corporate pension recipients. Methods : This study used the fifth year data of 2013 from the raw data of the Korean Retirement and Income Study collected by the National Pension Research Institute. The data analysis in this study was done with the chi-square test, t-test, and linear regression using SPSS ver. 22.0 to verify the relevance between the general characteristics of pension recipients. Results : This study shows that there was a difference in expenditures and health care costs between public pension and special corporate pension recipients. The influencing factors on life satisfaction for public pension recipients were the level of spending, whether there were limitations in daily life and social activity, whether recipients had financial assets and health care costs while for specific corporate pension recipients, they were education level, level of spending and chronic diseases. Conclusions : A health policy that maximizes life satisfaction and takes into account the type of pencion needs to be considered and implemented.

• The Journal of Asian Finance, Economics and Business
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• 제5권4호
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• pp.135-147
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• 2018

There has been a recent increase in the interest towards founding companies and in line with the South Korean Government's policy on start-up support, discussions are rife about the effect of entrepreneurship on the management and performances of these companies. To enhance the competitiveness of SMEs, it is expedient to acquire and deploy consistent entrepreneurship, differentiate corporate resources, ensure the appropriate utilization of resources and the integration of such factors in response to the changing environment. This research examines relationships among entrepreneurship, three components of corporate capabilities, dynamic capability and technical performance based on resource-based view and the dynamic capability theory. The authors also investigate the moderating role of corporate life cycle. To test the hypothesis, we conducted a survey on 352 technologies -innovative SMEs located in South Korea via professional research institutes. The findings confirm the hypothesis that SMEs' entrepreneurship has a positive effect on three kinds of corporate capabilities (e.g., marketing, R&D, operations capability), and it had a positive effect on dynamic capability, whiles dynamic capability also had an influence on technical performances. The findings also confirmed the hypothesis that corporate life cycle moderates the relationship between dynamic capability and technical performances respectively. The research implications for both practitioners and academicians are discussed.

• 디지털융복합연구
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• 제18권5호
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• pp.145-155
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• 2020

본 연구의 목적은 기업의 수명주기에 따른 경영전략과 원가행태의 관계를 살펴보는 것이다. 본 연구를 수행하기 위해 먼저, 2000년부터 2019년 사이에 국내 상장기업을 대상으로 경영전략과 원가행태의 관계를 실증분석 하고, 기업수명주기 단계별로 경영전략이 기업의 원가행태에 미치는 영향을 분석하였다. 구체적으로, 연속적 재무지표를 이용한 경영전략지수를 산출하여 선도형(Prospector) 또는 방어형(Defender) 기업에 가까운 기업으로 구분하고 기업의 현금흐름를 토대로 기업수명주기 단계를 구분하였다. 분석 결과, 선도형 전략에 가까운 기업일수록 원가 비대칭성이 심화되는 것으로 나타났으며, 기업수명주기 단계 중 도입기에 그러한 관계가 가장 강하게 나타남을 확인하였다. 본 연구는 기업의 경영전략과 원가전략을 기업수명주기 단계별로 살펴봄으로써 보다 포괄적인 분석을 수행하였으며, 재무적 지표를 활용하여 경영전략을 구분함으로써 재무정보의 적용 사례를 확장하였다는 것에 의미가 있다.

• 디지털융복합연구
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• 제18권6호
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• pp.217-223
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• 2020

본 연구는 기업이 개별 기업수명주기에 따라 선택하는 구조조정 전략이 재무적 곤경에 직면할 경우에 기업회생에 긍정적인 영향을 줄 수 있다는 증거를 제시하는 것을 목적으로 한다. 본 연구는 2001년부터 2016년까지 한국거래소에 상장되어 있는 기업의 3,593개 표본을 대상으로 로짓회귀분석을 실시하였다. 기업수명주기별로 구조조정 전략의 선택에 차이가 있다는 실증분석결과, 기업 수명주기에서 성장기에 속한 재무적 곤경 기업은 사업 및 자산구조조정을 이용하여 기업을 회생시키고, 쇠퇴기에 속한 재무적 곤경 기업은 재무적구조조정을 이용하여 기업을 회생시키는 것으로 확인되었다. 국내 기업들의 구조조정이 증가하는 상황에서 본 연구의 결과는 기업의 수명주기에 따라 적합한 구조조정의 전략을 선택하는 것이 중요함을 시사한다.

• 융합경영연구
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• 제11권1호
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• pp.31-44
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• 2023

Purpose: This study aims to figure out the characteristics of corporate life cycle and resource input in terms of the sustainability diagnosis of pharmaceutical companies in Korea. Research design, data, and methodology: Using the Gompertz model under the assumption that companies have finite resources, this study tries quantitative interpretation of life cycle and resource input pattern for longevity companies with 25 years of experience among 158 pharmaceutical companies listed on Korean stock market based on maturity of revenue. Results: The study found revenue maturity through Gompertz model was statistically correlated with enterprise value. According to the life cycle analysis, more than 95% of 59 pharmaceutical companies were in the growth and maturity phase and have an average life cycle of 88 years and an average remaining life of 52 years. Regarding maturity profile of resource input, maturity of employees was generally high more than 60% and this meant there was jobless growth in Korean pharmaceutical industry. Conclusion: This study demonstrated there is a high statistical correlation between the maturity of a company's resource input and its revenue and enterprise value. It is believed that these results could be utilized as a basis for high fidelity function that predict revenue and enterprise value based on resource input information.

• Industrial Engineering and Management Systems
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• 제11권2호
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• pp.196-201
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• 2012

This study has developed a packaging criterion to minimize the level of discomfort which drivers using their vehicles for daily life purposes may experience due to ill designed vehicle packaging of mid-size sedan based on users' daily-life scenario. To find out optimal range of packaging dimension criterion, discomfort levels the test participants with different physical conditions suffer while performing various activities were analyzed. One hundred two test participants were carefully selected to represent entire Korean mid-size sedan owner-drivers. They were directed to test drive on the course designed to simulate mid-size sedan daily-usage scenario. At pre-designed locations, each of questions was asked to the test participants to be answered in the form of 10 point discomfort level score. By analyzing the test results, the optimal range for packaging dimensions was defined to be used as a packaging criterion.

• 경영과학
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• 제27권1호
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• pp.107-116
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• 2010

There are several stage in corporate's life cycle such as foundation, growth, maturity or bankruptcy. A bankruptcy is very important for corporate in the life cycle. Especially, venture business' life cycle is short compare to other type of corporate. A lot of venture businesses have emerged and bankrupted soon in the market. Venture businesses' survival or bankruptcy have been influenced by not only external environment like the rate of exchange, oil price, and foreign exchange crisis but also internal environment such as efficiency, process, human resources, finance and CEO. In this paper, we attempt to examine financial factors and efficiency that influence on the venture businesses' survival and bankruptcy. The more venture businesses have high efficiency score, the more they have high probability of survival.

• 디지털융복합연구
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• 제10권7호
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• pp.77-83
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• 2012

본 연구의 목적은 기업의 수명주기의 제단계에 따라 발생액이 어떻게 영향을 받는지를 검증하고자 하는 것이다. 연구목적을 달성하기 위하여 금융업을 제외하고 2010년 말 현재 증권시장에 상장된 기업을 대상으로 2001년부터 2010년까지의 재무자료를 한국신용평가(주)의 New Kis Value에서 수집하였다. 연구결과를 보면 발생액은 진입기기업, 성장기 기업이 성숙기 기업에 비해 유의하게 크며, 도태기 기업과 쇠퇴기 기업이 성숙기 기업보다 유의하게 작다는 사실을 발견하였다.

• 한국의류산업학회지
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• 제23권5호
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• pp.598-610
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• 2021

Korean textile and fashion companies have played a major role not only in developing the Korean economy since Korea's industrialization started in the early 1960s but also in providing opportunities to form and expand chaebols (conglomerates of family-owned businesses). This study reviewed and analyzed the historical development of chaebols, which started the fiber/textile/fashion business before the 1960s and maintained their chaebol status until 2010. The Samsung, Samyang, Kolon, Taekwang, Hyosung, LG, and SK groups were included in the study, and data were collected from diverse sources, including the publications and websites of the chaebol companies, newspapers, magazines, and research articles. The strategies of the companies at the corporate and group levels were examined based on the corporate lifecycle, which consists of existence, growth, maturity, rebirth, and decline stages. The results showed that all the analyzed companies actively engaged in product line expansion during the growth stage. Vertical integration, especially backward integration, was common during the growth stage. Some groups established new companies to manage additional product lines and integration, while others pursued growth strategies mainly at the corporate level. The rebirth stage occurred in only a few companies and groups. Some seemed to be going through the decline stage, and the rest of the groups exited the textile and fashion business.