• Information Systems Review
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• v.22 no.2
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• pp.121-135
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• 2020

Since many researchers were interested in measuring the performance of information technology investment, many studies have been conducted with various data sources and analysis methods, and most studies report that IT investment produces significant and positive results. Many of these studies have been conducted at the enterprise level, but different results may occur at the industry level. In the case of the electronics industry, if the performance of the IT highly increases, the sales of the IT produced in the electronics industry may decrease, and the added value of the electronics industry may also decrease. As a result of analysis, the increase in the IT capital of the US electronic industry did not increase the added value of the industry, but the increase in IT capital per worker in the industry had a positive effect on the increase in value added per worker (labor productivity) in the industry. In addition, the increase in IT capital in the US electronics industry has resulted in a decrease in the number of workers.

• Journal of Korea Technology Innovation Society
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• v.13 no.3
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• pp.446-458
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• 2010

All countries of the world have been spurring foreign direct investment consistently for securing of economic growth and growth engines, and Korea is no exception. Korea has been stimulating investment of high quality through various political support and the government has been publicizing it as an achievement. Based on the most of previous studies analyzed the results of foreign direct investment only on the view of domestic economy, this study supposes that foreign direct investment influences positively on management and innovation performance on companies, and evaluated effects of foreign direct investment by using Propensity score matching method. Analysis shows that foreign direct investment has positive influence on management and innovation performance before matching them. However, after matching them, the most statistical significance disappears. Consequently, foreign direct investment has limited effect on company's performance comparison on initial assumption. 'This study indicates that incentive policy of foreign direct investment would need to be amended, because effect of incentive policy was limited for firm's performance.

• KIPS Transactions on Computer and Communication Systems
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• v.1 no.3
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• pp.229-242
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• 2012

Although many companies acknowledge the necessity of investment of information security, it is difficult to grasp a tangible effect and to calculate a scale of damage from the security incident. Consequently, companies are under the reality that it is not easy to make an investment decision for information security and to calculate the investment scale. For the investment decision making, although there are several traditional techniques of investment analysis, the investment of information security, comparing to other tangible assets, has limitations in using traditional techniques due to the highly uncertain investment effects. In this study, the traditional technique of investment analysis will be described, and the application method of analytic technique for Real Option, which is developed from the evaluation technique of highly uncertain financial futures and options, will be suggested.

• Journal of Convergence for Information Technology
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• v.9 no.1
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• pp.12-18
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• 2019

The purpose of this study is to analyze the effects of government's R&D investment outcome on the IT industry. The analysis of R&D investment outcome developed emphasizing qualitative outcome more than quantitative outcome. However, it is still leaning on technological outcome-centered methods, having relatively little interest in inputs that actually determine the outcome. Thus, this study intends to focus on the qualitative attributes of input resources. The results of the empirical analysis can be summarized as follows. In raising technological outcome and commercialization outcome of R&D investment, more funds per researcher and numbers of researchers and a longer development period had positive effects. However, a higher ratio of doctors had positive effects only on technological outcome (papers and patents), It is believed that leading to commercialization outcome needed a long period, but the period of task development was only an average of two years. On the contrary, collaboration had negative effects on technological process, which indicates that collaboration between two organizations having conflicting interests would lead to negative effects on the outcome. The results show that the qualitative attributes of input resources have significant effects on R&D investment outcome, and imply that it is necessary to emphasize the qualitative attributes from the input stage to promote government's R&D investment outcome in the future.

• Korean small business review
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• v.42 no.4
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• pp.309-326
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• 2020

There often is information asymmetry between start-ups and the investors, which is because start-up companies in the early stages do not have track records. Meanwhile, since the government grants programs go through a fair and the intense competition process, the government grants can provide a more objective information for start-ups in the early stages and perform a signal function that guarantees a company's capabilities and potential. This study confirms the quantitative relationship between government grants and investment attraction by using the hurdler model. We found that, although there is the proportionate relationship between the scale of government grants and that of external funds, more than a certain amount of government grants is required for technology-based start-ups to exceed the stage of attracting their first external funds. Our findings suggest that it is necessary to consider the hurdles structure in the study of signaling theory perspective, as the mechanisms for determining whether or not to attract external funds are different from determining the level of external funds. In addition, differentiated policy support is needed to help early-stage technology start-ups go beyond the threshold of investment attraction-the creation of a 'threshold effect'.

• The Journal of the Convergence on Culture Technology
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• v.7 no.1
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• pp.37-41
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• 2021

In recent years, ESG investment is increasing worldwide, and awareness of ESG risks such as environment, society, and governance is increasing, and non-financial investments are considered when making investment decisions. With the recent Corvid 19 crisis, the focus is on the environment, and investments related to bio and health are gaining popularity, while new investments are completely suspended in coal-related businesses, and decisions are made in the direction of sequential termination or withdrawal of existing businesses This has resulted in an increasing number of managers setting climate change and sustainability as top priorities in their investment portfolios. As a result, it is necessary to present effective countermeasures to changes in the investment environment, and to make efforts to respond and prepare an investment system that can help build a risk management system. Therefore, I would like to briefly review the ESG investment trends and present implications considering shared growth and mutual benefit.

• Journal of Korea Technology Innovation Society
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• v.13 no.3
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• pp.558-586
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• 2010

This paper analyze the economic effect of R&D investment for the IT Green growth initiatives in Korea, relating to Green growth which is main force for activating in order to durable growth currently. The IT green growth initiatives can be grouped by IT manufacture, IT service, and S/W and computer-related services in the R&D investment and to be analyzed by the RAS forecasting methods. The results indicate that the production-inducing effect is about 31,853 billion won for the IT manufacture, and IT service is about 14,360 billion won, and the next is S/W and computer-related service whose effect is about 4,482 billion won. The import, value added, and employment effect of IT manufacture is also bigger than those of any other sectors in IT. This is because R&D investment in case of IT manufacture is more huge than IT service. Besides, employment-inducing effects show that IT manufacture is highest in 16,596 persons; IT service is secondly highest in 9,000 persons and S/W; lastly, computer-related service is much lower than those of any other sector. So we can conjecture that the long-term initiatives of IT green growth implementation lead to increasing size of benefits in the IT sectors.

• Management & Information Systems Review
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• v.37 no.3
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• pp.83-113
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• 2018

The purpose of this study to empirically examine a smart work investment and job performance by change resistance. Firstly, There investigates mediating role of the communication between the smart work investment and the job performance. Secondly, It will identify the job productivity differences through a level of organizational change resistance that reduced smart work investment. The smart work is to provide the flexibility of time and location and is a working method to improve a work productivity of organization members. The introduction of smart work means the adoption of new organizational culture, institution and technology and requires a novel change of a custom and pattern on existing organization culture and institution because of transformation form of communication and collaboration. The method of this study adopts a structural equation model to test a mediating effect of communication and a moderating effect of change resistance level. This model confirms whether smart work investments provide a positive impact on communication and organizational productivity. In addition, I will classify a change resistance level of smart work by cluster analysis and then check a critical path difference of job productivity between each group. As a result, The organizational IT, institution and culture on the smart work investment appeared to important influencers in communication and also had a direct influence of individual performance. Also, The three independent variables of smart work investment have an indirect influence of individual and organizational performance through communication mediating variables. However, the organizational IT and institution as independent variables do not provide direct influence of organization performance. Nevertheless, two independent variables of organizational IT and institution have an indirect influence the organization performance through communication mediating variables. As a result of confirming a productivity of three groups on organization resistance, there was a difference the individual and organizational performance among groups. The low-level group of organizational resistance showed high coefficient value of performance compared to other groups. The group analysis implications, The smart work investment appeared significantly to revise the institution first, build culture secondly and advanced technology lastly. The theoretical implication from this study contributes an extension of social science theory through socio-technical systems, institution, culture, change resistance and job performance based on smart work. The practical implications explain the smart work success in step-by-step investment rather than radical investment as level management of change resistance. In future research, the smart work performance between private and public firms will analyze a difference of the organizational culture, institution, technology and performance.

• 한국IT서비스학회:학술대회논문집
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• 2007.11a
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• pp.382-385
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• 2007

최근 들어 TCP/IP(인터넷 프로토콜)기반 역추적의 기술적 한계를 이용해 각종 명의(계정)도용 사건을 비롯해 금융피싱 사고들이 부쩍 늘고 있다. 이 때문에 천문학적인 경제 및 사회적 손실이 초래되고 있음은 물론, 사이버상의 각종 행위에 대한 제약과 발전을 가로막고 있다. 이와 같은 난제를 해결하고 기업 혹은 기관의 보안시스템을 참화하기 위해 실시간 역추적 기술이 등장했다. 과거 정보보호시스템의 가치는 비용 절감, 강력한 보안기술 도입 차원의 맹목적 시도, 구축에 따른 구축 난이도에 초점이 맞추어져 있었다. 하지만 최근에는 정보보호 투자성과 평가에 대해 더욱 설득력 있고 과학적인 결과를 원하고 있으며, 단순한 재무적 시스템 효과보다는 종합적인 비즈니스 효과에 대한 ROI 평가를 중요시하고 있다. 이 논문에서는 역추적 기술의 필요성과 배경에 대하여 살펴보고, 흔히 많이 사용하는 방식인 재무 관점의 비용 효과(Cost-Benefit) 기법을 통해 역추적 기술 개발의 투자수익률(ROI)을 분석할 수 있는 기준을 도출해 본다.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.4
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• pp.77-88
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• 2023

The purpose of this study is to confirm whether the current technology appraisal model for investment, which is designed to identify high-growth SMEs in sales, which is one of the characteristics of gazelle companies, has the possibility of expanding employment effects. For SMEs classified as technology investment adequate firms(TI1-TI6) through technology appraisal for investment between 2016 and 2018 were targeted. At this time, the employment effect was analyzed by dividing the absolute employment effect and the relative employment effect. As a result of the analysis, it was confirmed that the technology appraisal items for investment defined as innovation characteristics did not have significant explanatory power for the absolute employment effect. However, for the relative employment effect, among innovation characteristics, technicality(TC) was found to have significant explanatory power, and this is because the item appraised based on future growth potential. In particular, the relative employment effect is meaningful in terms of the actual employment effect, and the conclusion is drawn that the current technology appraisal model for investment is an appraisal model with the possibility of expansion in terms of employment effect.