• Title/Summary/Keyword: Inclusive Growth

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A Financial Comparison of Corporate Research & Development (R&D) Determinants: The United States and The Republic of Korea (한국과 미국 자본시장에서의 연구개발비 비중에 관한 재무적 결정요인 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.19 no.7
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    • pp.174-182
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    • 2018
  • Given the ongoing debate in many aspects of finance, more attention may need to focus on corporate R&D expenditures. This study empirically tests financial determinants of R&D expenditures for NYSE-listed and KOSPI-listed firms. Three major hypotheses were postulated to test for corporate R&D outlay. First, proposed variables such as one-year lagged R&D expenditures, market value based leverage, profitability and cash holdings showed significant influence on corporate R&D costs for the sample firms. Moreover, financial factors inclusive of squared one-year lagged R&D expenditures, the interaction effect between one-lagged R&D expenditures and high-growth firm, non-debt tax shield, Tobin's q and a dummy variable to explain differences in accounting treatment between the U.S. and Korea, revealed significant differences between the two samples. Finally, in the conditional quantile regression (CQR) analysis for the R&D-related variables in relation to corporate growth rate, it was found that the NYSE-listed firms had a statistically significant linkage between growth potential and one-year lagged R&D expenditures at lower quantile levels. This study may shed new light on identifying financial factors affecting differences between the U.S. market (as an advanced market) and the Korean market (as an emerging market) regarding the optimal level of R&D investments for shareholders.

Soil Mixtures and Depths Selection for Mat-Type Rooftop Greening (옥상녹화용 식생매트에 적합한 토양과 토심 선정)

  • Lee, Eun-Heui;Kang, Kyu-Yi;Shin, Sang-Hee;Nam, Mi-A;Lee, Kwang-Woo
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.8 no.4
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    • pp.12-22
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    • 2005
  • The purpose of this study is to select suitable planting base for the mat-type rooftop greening in order to popularize rooftop greening system easily. The experiment was conducted from 2004 June to 2005 May under several conditions; 4 soil depths under mats(2cm, 5cm, 10cm, 15cm), two soil mixtures(natural soil 80%+leaf mold 20%, artificial soil) and two light conditions(full sun place, 20% shaded place). In this experiment, 3 types of mats were used ; the herbaceous plants mat(11 plants inclusive of Lotus corniculatus L., Silene armeria L.), the lawn mat with Festica arundinacea and Sedum mat with Sedum kamtschaticum, Sedum sarmentosum, Sedum oryzifolium, Sedum middendorffianum. The result is as follows; in the mat-type rooftop greening, the herbaceous plants mat, lawn mat and sedum mat are the similar number of plant and effect of greening on soil depth 2cm, 5cm and 10cm, 15cm. So suitable soil depth of rooftop greening is 10cm for the load and economical factor. Thus the mat-type rooftop greening possible planting base depth of all 13cm as soil depth 10cm and mat depth 3cm. As soil mixtures, the number and growth of plants were better mat and 'natural soil 80% +leaf mold 20%' than mat and artificial soil. In herbaceous plants mat, Silene armeria L., Dianthus chinensis, Centaurea cyanus L., Lotus corniculatus L. are survival in full sun place and Silene armeria L., Dianthus chinensis, Centaurea cyanus L. are survival in 20% shaded place. In conclusion, selection of suitable soil mixtures and plants is possible extensive management rooftop greening with effect of continuous greening. The mat-type rooftop greening are lightweight and simple preparation without management and can popularize readily.

Smart City Policy Considering Spatial Characteristics (공간적 특성을 고려한 스마트시티 정책)

  • Bae, Sung Ho
    • Journal of the Korean Regional Science Association
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    • v.35 no.3
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    • pp.25-32
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    • 2019
  • The important of Smart City has been increasing on the driving force of 4th industrial revolution and method to solve urban problems. Korea government introduced and implemented ubiquitous City as an intrinsic Smart City brand from the early 21th century. Diverse types of Smart City projects were announced as national strategy by the spatial characteristics. National Test-Beds in Sejong city and Busan(EDC: Eco Delta City) are urban planning to be future city models for new town development. In the old towns in cities, various type of Smart City projects are support by government by urban growth stage; frontiers, stable or declining urban realm. 「3rd Comprehensive Plan for Smart City(2019 ~ 2023)」 in Korea plans an important role to build innovative ecosystem and reinforce global competiveness by spreading of Smart Cities. For the successful Smart City as open and inclusive space, it is need that this space should be made by the cooperation of citizens, private sectors and local and central government.

Educational Needs of Toddler′s Mother in Child-caring Experience (유아 어머니의 자녀돌보기에 대한 교육요구)

  • Sim Young Suk;Seo Young Mi;Kwon In Soo
    • Child Health Nursing Research
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    • v.4 no.2
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    • pp.231-244
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    • 1998
  • The purpose of this study was to find educational needs of toddler's mother in child-caring experience. The subject of the study was toddler's mother who visited one health care center in J city for immunization and had a child or children between twelve and thirty six months old. The subjects were 37 mothers. The instrument used for this study was a semi -structured questionnaire developed by researcher and based on Objective Content Test of Garretson(1967). The collected data were analized by two researchers using the method of Content Analysis. The results of this study are summarized as follows : 1) Of the large categories, the need of the highest frequency was 'prevention and management of disease and injury', that of the lowest 'growth and development'. 2) In 'physical care' category, 'care of sleeping' was the highest. In 'nutrition and eating-habitual management' category, 'weaning management' was the highest. In 'prevention and management of disease and injury' category, 'disease management' was the highest. In 'discipline and teaching' category, 'discipline' was the highest. 3) In comparison with preceding references, the educational needs of child-caring which had not been shown in preceding references but had been shown in this study were hair-caring, kind of weaning diet, method of cure and nursing, man agement of deformity, and so on. In conclusion, educational needs of toddler's mother in child-caring experience were matter-of-fact and inclusive. Needs in management of special situation such as disease were higher than usual parenting procedure or method. In addition, there were higher needs in questions happened through child-caring experience or confirmation of procedures practicing now. Then, it is suggested that parent education program should be developed on the basis of educational needs found in this study to be more effective in preparing mother's child-caring.

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Strategies for Revitalizing Social Venture Ecosystem Based on Social Innovation Theory (사회적 혁신 기반 소셜벤처 생태계 활성화 전략)

  • Choi, Yong Seok;Baek, Bo Hyun
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.3
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    • pp.1-17
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    • 2020
  • The Fourth Sector has been attracting attention as a means to solve the various problems plaguing modern society; it emerged to overcome the Third Sector's issues such as excessive reliance on the government and service model isomorphism, represented by social economy enterprises (Meadows, 1972; Howaldt & Schwarz, 2010). Social venture companies have been mentioned as key agents of the Fourth Sector (Gyeonggi Research Institute, 2018). However, the academic and policy concepts related to social ventures continue to be vague. Therefore, this study aims to clarify the concept of social ventures as part of the Fourth Sector, and research development strategies for the vitalization of the social venture ecosystem in an effort to encourage inclusive growth of society. To achieve these goals, it establishes the concept of social ventures differentiated from the Third Sector, based on previous studies, and presents the importance of an intermediate support organization for the ecosystem's vitalization. Furthermore, to propose strategies for said vitalization, the study derives detailed forms of social venture intermediate support organizations, and provides suggestions regarding their importance and roles through social innovation levels.

The Oncological Safety of Nipple-Sparing Mastectomy: A Systematic Review of the Literature with a Pooled Analysis of 12,358 Procedures

  • Headon, Hannah Louise;Kasem, Abdul;Mokbel, Kefah
    • Archives of Plastic Surgery
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    • v.43 no.4
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    • pp.328-338
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    • 2016
  • Nipple-sparing mastectomy (NSM) is increasingly popular as a procedure for the treatment of breast cancer and as a prophylactic procedure for those at high risk of developing the disease. However, it remains a controversial option due to questions regarding its oncological safety and concerns regarding locoregional recurrence. This systematic review with a pooled analysis examines the current literature regarding NSM, including locoregional recurrence and complication rates. Systematic electronic searches were conducted using the PubMed database and the Ovid database for studies reporting the indications for NSM and the subsequent outcomes. Studies between January 1970 and January 2015 (inclusive) were analysed if they met the inclusion criteria. Pooled descriptive statistics were performed. Seventy-three studies that met the inclusion criteria were included in the analysis, yielding 12,358 procedures. After a mean follow up of 38 months (range, 7.4-156 months), the overall pooled locoregional recurrence rate was 2.38%, the overall complication rate was 22.3%, and the overall incidence of nipple necrosis, either partial or total, was 5.9%. Significant heterogeneity was found among the published studies and patient selection was affected by tumour characteristics. We concluded that NSM appears to be an oncologically safe option for appropriately selected patients, with low rates of locoregional recurrence. For NSM to be performed, tumours should be peripherally located, smaller than 5 cm in diameter, located more than 2 cm away from the nipple margin, and human epidermal growth factor 2-negative. A separate histopathological examination of the subareolar tissue and exclusion of malignancy at this site is essential for safe oncological practice. Long-term follow-up studies and prospective cohort studies are required in order to determine the best reconstructive methods.

A Study on Correlation Analysis of Academic Performance per Subject for the Gifted Children in IT (정보영재아동의 과목별 성적 상관관계 분석 연구)

  • Jun, Woochun
    • Journal of Gifted/Talented Education
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    • v.23 no.3
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    • pp.407-419
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    • 2013
  • In current knowledge-based society, development and growth of IT-related industry is essential for a nation's competitiveness since it's economic power depends on IT industry in many countries. A success of IT industry depends on a few IT geniuses like Steve Jobs and Bill Gates. Thus, it is necessary to identify and foster gifted children in IT as early as possible. The purpose of this paper is to identify the correlation of academic performance per subject for the gifted children in IT. The analysis is focused on three subjects, that is, Information, Science, and Mathematics, respectively. For this purpose, the gifted children are selected and analyzed in a gifted science education center attached in a university at Seoul Metropolitan Area. The analysis results show that there is meaningful correlation among three subjects. That is, if high scores in a subject means high scores in other subjects. For instance, a gifted child with high scores in Information got high scores in Science and Mathematics. The result will be useful to improve selection examinations and curriculum for gifted education in IT, for inclusive education and convergent education.

The Effect of Foreign Direct Investment on Total Factor Productivity in Selected ASEAN+3 Countries: New Evidence Using A Panel ARDL Study

  • ABIDIN, Noorazeela Zainol;KARIM, Zulkefly Abdul;SHAARI, Mohd Shahidan;LAILA, Nisful
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.109-117
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    • 2021
  • This study investigates the effects of FDI and other macroeconomic variables on Total Factor Productivity (TFP) in selected ASEAN+3 countries from 1981 till 2016. Total Factor Productivity (TFP) for each ASEAN+3 country was constructed using the Malmquist productivity index method. Then, a panel ARDL framework (dynamic heterogeneous panel), namely Pooled Mean Group (PMG), Mean Group (MG), and Dynamic Fixed Effect (DFE) are employed in examining the effects of FDI and other controlling variables on TFP. The new findings show that FDI has a significant and positive impact on TFP in the long run and the short run in ASEAN+3 countries. Besides, the results also reveal that in the long run, other variables such as the average number of years of schooling and the ratio of high-skilled to low-skilled labor also have a significant and positive effect on TFP. However, economic openness, government expenditure on R&D, and interaction between countries and FDI have a negative and significant impact on TFP. These findings implied that the recipient countries must ensure their political stability and offer various incentives to attract more investors. Furthermore, the influx of foreign investors, especially large ones and lower costs, should be encouraged by each country as FDI inflows can boost their TFP growth.

Implications and Roles of Blockchain for Smart City (스마트도시에서 블록체인이 갖는 함의와 그 역할)

  • Cho, Jaewoo
    • Journal of the Korean Regional Science Association
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    • v.37 no.2
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    • pp.35-48
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    • 2021
  • Modern cities are changing to 'smart cities' dramatically with the introduction and development of the fourth industrial revolution technologies. Among these technologies blockchain is unique because it not only embraces technological innovation but also societal revolution. Therefore, blockchain is expected to play a pivotal role for contributing comprehensive development of smart city. The current research and policy atmosphere in Korea, however, is that blockchain is just a new technology and its broader impacts are overlooked. This study argues that blockchain has significant effects on smart cities not only from technological perspectives but also from social, economic, institutional, governmental perspectives. Further, this study suggests three categories that blockchain can help the development of smart city: technology, socio-economic, and governance, with examples of existing blockchin projects. However, these projects have been builting separately without any interaction under the common hood of 'smart city'. To emhance influences of blockchain on smart cities in positive ways, private companies, policy maker, and citizend are supposed to consider and discuss about publi sector's blockchain that is commonly used in at the smart city level.

R&D operating strategy for future food industry (미래지향적 식품산업 R&D 추진전략)

  • Hong, Seok-In
    • Food Science and Industry
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    • v.53 no.3
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    • pp.307-315
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    • 2020
  • The food R&D operating system needs to be changed according to the changes in the food industry as well as the domestic and overseas environments. In this aspect, a future-oriented food R&D operating strategy linked with the governmental policy are proposed to foster the promising food industry. The strategic R&D approaches are summarized on the basis of global mega-trends and food industry trend analysis, and current R&D status and issues are also reviewed to set the R&D operating direction for future food industry. To advance the R&D operating system of the food industry, some practical suggestions are given as follows: strengthening the research planning system for efficient R&D program operation, enhancing the role assignment and collaboration among the R&D organizations, reinforcing the support system tailored to industrial sites and securing the future technology bases as well as resolving present issues, and linking R&D programs with policies and improving the food R&D management system.