• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.1
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• pp.523-529
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• 2017

This study analyzed the financial information between 2011 and 2014 comparing management performance and utilization of capital and human resources between private non-profit general hospitals and regional public hospitals operated as general hospitals. The purpose of this study was to enhance the productivity for financial independence of regional public hospitals. Comparison analysis variables were value added to the total assets, value added to the productive activity tangible fixed assets, value added to personnel expenses, ratio of value added, and operating margin to revenues. According to the analysis results, regional public hospitals showed lower investment efficiency indicator and higher ratio of value added, as well as significantly lower operating margin-to-revenues compared with private non-profit general hospitals. Moreover, the effect of investment efficiency indicators on operating margin-to-revenues was value added to the productive activity of tangible fixed assets and value added to personnel expenses in regional public hospitals; the value added to personnel expenses in private non-profit general hospitals had a significant effect on the operating margin-to-revenues, the effect of value added to personnel expenses was the greatest. Therefore, it is necessary to asset utilization to the revenue and propriety of human resources to personnel expenses in regional public hospitals.

• Electronics and Telecommunications Trends
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• v.32 no.4
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• pp.1-10
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• 2017

4차 산업혁명의 핵심 엔진인 AI 기술이 인류의 희망과 우려 속에 전 지구적인 열풍에 휩싸여 있다. 이 와중에 거대 IT 업체들이 AI 기술 확보를 위한 치열한 경쟁에 나서서, 유망한 AI startup들의 인수합병에 몰두하고 있다. 또한, VC(Venture Capitalist)들도 AI startup에 대한 적극적인 투자에 나서고 있다. 본고에서는 이러한 글로벌 AI startup들에 대한 인수합병 현황 및 투자 트랜드를 살펴보고, AI startup 들이 집중하고 있는 연구개발 분야를 분석함으로써, 국내 AI 기술 경쟁력 확보를 위한 방향 설정에 도움을 줄 수 있도록 시사점을 제시 하고자한다.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2017.11a
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• pp.779-797
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• 2017

완전자본시장에서는 기업의 투자활동이 자금조달 방법과 무관하지만, 현실경제에서는 정보비대칭성으로 인해 외부자금 조달이 제약되는 금융제약 현상이 발생할 수 있다. 금융제약 현상은 기업의 규모가 작거나, 업력이 짧을수록, 그리고 하이테크 산업의 기업일수록 심화된다는 것이 일반적인 시각이다. 우리나라 코스닥 시장은 상대적으로 금융제약에 노출되는 기업들이 주로 상장되는 시장으로, 본 연구는 코스닥 상장이 개별 기업의 금융제약을 완화하는데 효과가 있었는지에 대해서 분석하였다. 분석 결과 금융제약 완화효과가 확인되었으며, 이러한 효과가 통합 증권선물거래소(현(現) 한국거래소)가 출범 후 강화된 것으로 나타났다. 이는 투자자 보호 측면의 체질개선이 거래량 및 코스닥 지수 등에는 일부 부정적이었을 수 있으나, 시장 안정화를 통해 기업의 자금조달을 도왔다는 것을 시사한다.

• The Journal of the Convergence on Culture Technology
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• v.9 no.1
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• pp.747-754
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• 2023

With the development of information and communication technology, online fractional investment platforms have emerged through the convergence of online platform technology and new investment techniques for asset-backed derivatives. In this study, the concept and previous studies of the online fractional investment platform business, commercialization models and service processes, market status, and pending discussions and alternatives were presented. Recently, the Securities and Futures Commission's decision on securitization of split ownership has become an important guide to the stable business sustainability of platform operators, but academic research is needed according to the current status and case analysis. To identify specific market issues, examples of representative online fractional investment securitization platform businesses such as "MusiCow" for music copyright, "Tessa" based on art, "Kasa" for real estate, "Piece" based on real assets, and "BangCow" for Korean beef shipments were analyzed. Through the case analysis of this study, the characteristics of the business model according to the basic assets of the online fractional investment platform were compared and presented. Since most business models are judged to be securitic, they must comply with the provisions of the Capital Markets Act or be recognized as the target of innovative financial services. From a practical point of view, it is meaningful in that it presented improvement directions that online fractional securitization platform operators should consider and organized institutional considerations for investor protection.

• Journal of Technology Innovation
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• v.20 no.1
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• pp.45-73
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• 2012

In this paper, we analyse empirically the effects of financial characteristics on the relationship between R&D investment and market value of firms listed on Korea Exchange. The main results of this study can be summarized as follows. Firm size increase the market valuation of R&D investment because it provides economies of scale, easier access to capital market, and R&D cost spreading. Market share also positively effects the relationship between R&D investment and firm value. Alternatively, free cash flow has a negative effect on the relationship between R&D investment and firm value because firms with high free cash flow could be tempted to use the free cash flow to undertake negative NPV projects. The dependence on external finance is a handicap negatively assessed by the market when firms undertake R&D projects due to the higher information asymmetry associated with this kind of project. Labor intensity has a negative effect on the relationship between R&D investment and firm value because the abnormal profits arising from R&D investment are diluted among employees. Capital intensity also has a negative effect on the relationship between R&D investment and firm value due to the greater financial constraints faced by capital intensive firms. In conclusion, several financial characteristics(firm size and market share) positively effect the relationship between R&D investment and firm value, while others(free cash flow, dependence on external finance, labor intensity, and capital intensity) exert a negative effect. Therefore, we conclude that the effectiveness of R&D investment depends on these financial characteristics.

• KDI Journal of Economic Policy
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• v.34 no.1
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• pp.53-85
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• 2012

This paper empirically investigates the rates of embodied technological change and their relative contributions to total factor productivity growth for manufacturing, using the Korean plant-level manufacturing data for the period of 1985-2003. We adopt a production-based estimation method proposed by Sakellaris and Wilson (2004) in order to examine the marginal productivity increase of each vintage of equipment over time. We find that the rate of embodied technological progress of Korea's manufacturing sector maintains the annual average level of 13.7 percent from 1985 to 2003, slightly lower than 16.9 percent of the U.S., estimated by Sakellaris & Wilson (2004). While the rate recorded a remarkable increase after the 1997 financial crisis, IT-producing and IT-using industries achieved higher rates of embodied technological progress than non-IT counterparts.

• Proceedings of the Korea Contents Association Conference
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• 2016.05a
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• pp.67-68
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• 2016

본 연구는 매해 가트너에서 발표하는 'Emerging Technology'들 중 최근 5년간의 하이프 기술들의 포지셔닝을 기준으로 주요 국가의 연구 문헌과 특허 정보를 이용하여 국가별 기술 경쟁력 평가 지표에 대한 다면적 분석 방법을 제안한다. 급변하는 IT 기술 환경에서 미래 산업을 선도하기 위해서는 국가 R&D 기획에 있어 더욱 면밀하고 창의적인 방안들의 연구가 필요하며, 특히 다양한 산업 분야 중 급속한 변화를 보여주는 ICT 분야에 있어서는 이를 뒷받침할 고도의 R&D 투자방향을 예측할 수 있어야 한다. 이를 위해 본 연구는 많은 방법들 중 세계 기술 성숙도를 다루는 가트너 하이프 사이클과 연구 개발 투자가 집중되는 특허 정보 다면적 요소들을 통합 분석한 후, 국가별 기술 경쟁력의 평가 지표를 선정하였고, 이를 판단할 수 있는 기준으로 시장성, 잠재성, 확장성, 감소성을 제시하였다. 그 결과 가트너 하이프 사이클 기술들의 포지셔닝의 움직임과 다면적 분석 결과 변화가 유사하게 나타났다. 이에 따라 본 연구를 통해 ICT 기술 변화와 경쟁력 등을 직관적으로 파악할 수 있었고, 국가 R&D 투자방향을 설정하는데 도움을 줄 수 있을 것으로 예상된다

• Journal of the military operations research society of Korea
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• v.32 no.1
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• pp.1-12
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• 2006

This study investigates key factors affecting the activity of defense technology transfer through the questionnaire survey in Korea. Defense R&D investment has played an important role in promoting the commercial technology development as well as the targeted defense sector through the spin-off mechanism as shown in many countries. Recognizing the importance of effective and efficient investment in defense technology development, the advanced countries in defense technology are trying to establish optimal technology transfer mechanism to maximize the effect of the invested R&D at the national level considering the idiosyncratic features of their own countries. Because the technology transfer mechanisms are very distinct from country to country, it is natural to question "what are the determinants of the effective and efficient technology transfer in Korea?" We tested 19 potential factors and identified 11 factors that are significantly important as the determinants of technology transfer. From the empirical findings, we discuss some policy implications to promote the technology transfer.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.11
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• pp.5465-5475
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• 2013

In this study, when to invest in real estate abroad, to present a real option in the way of decision-making. Thus, by using the binomial option model of one of the real thing and DCF, we compared the choice of real estate investment in China and South Korea. Research concerns the real estate market of Shanghai and Seoul, Analyzed the data between 2001-2009. Results were calculated NPV investment period (Net Present Value), Seoul appears in 435.44, Shanghai was 398.26. Investment decision by NPV method will select Seoul. However, as a result of calculating the value using the real option, it was found that for Seoul appear in 615.4, Shanghai has been shown to 626.1, and is suitable for investment in Shanghai. Assuming on the basis of this, that it has invested in practice, and compare the results, Seoul is intended for since 2010, real estate prices fell to 2013 currently, damage has occurred, profit's occurred Shanghai. This ensures that when making decisions in real estate investment and to use the real option than the existing DCF is appropriate.

• JOURNAL OF ELECTRICAL WORLD
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• s.408
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• pp.69-76
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• 2010

'Smart Grid 선도 기업', '국내 최고의 전력 자동화 기업' 등이 최근 LS산전을 인식하는 대표적인 상징어로 각인되고 있다. 이 가운데 스마트 그리드 분야의 선도 이미지는 LS산전이 지난 10여 년간 투자해온 전력IT 분야의 결실로 평가되고 있다. 1974년 설립된 LS산전(대표 구자균)은 과거의 생존게임을 탈피, 대단위 투자를 통한 그린 비지니스 전략 및 비전을 구체화 하고 있다. 국가적 차원의 아젠더로 추진되면서 일상생활의 패러다임을 변화시킬 원천기술인 스마트 그리드와 HVDC, 전력선 통신, 연료전지 등의 상용화 기술개발에도 박차를 가하고 있다. 품질경영과 혁신활동을 중시하면서도 창조적이고 역동적인 소통의 기업문화를 자랑하는 LS산전의 미래성장을 위한 글로벌 열정은 여전히 진행 중이다.