• The Journal of the Korea Contents Association
• /
• v.20 no.12
• /
• pp.136-144
• /
• 2020

Previous studies report that labor investment inefficiency occurs as the information asymmetry becomes severe and the agency problem between managers and external investors increases. Therefore, it is highly likely that managers will make opportunistic decisions that can damage corporate value in companies with high labor investment inefficiency. This study examines whether the value relevance of accounting information decreases as labor investment inefficiency increases as it is less likely that investors in the market use the accounting information of companies in which labor investment decisions are made inefficiently. Labor investment efficiency is measured as the difference between the actual level of labor investment and the expected level of optimal labor investment. Larger difference between the actual level of labor investment and the expected level of optimal labor investment is considered as higher inefficiency in labor investment. Using data of firms listed on the Korea Stock Exchange from 2002 to 2018, empirical results show that the value relevance of earnings decreases as the inefficiency of labor investment increases. This research provides empirical evidence on whether investment inefficiency in labor, which is an important factor in the competitiveness of a company, reduces the information usefulness of reported earnings.

• Journal of Korea Society of Industrial Information Systems
• /
• v.20 no.4
• /
• pp.25-37
• /
• 2015

The early studies indicated that the firm with monopoly power is likely to engage in X-inefficiency such as a managerial slack. The reflection of the X-inefficiency theory has led to the issue that the public sector may be more inefficient than the private sector. In Korea like other many countries the electricity gas water service which can be considered as natural monopoly have been provided mostly by the public sector. In order to provide the empirical evidence to the argument that the public sector may be more inefficient than the private sector this paper estimated the four types of Solow residual which is called the total factor productivity in the electricity gas water service industry with the associated empirical model and compared its productivity with one in the manufacturing industry. The empirical results do not support the argument that the public sector may be more inefficient or less productive than the private sector.

• Journal of Information Management
• /
• v.41 no.2
• /
• pp.111-131
• /
• 2010

This paper examines the levels and influence factors on efficiency of public libraries in metropolitan cities. For this purpose, In the first stage, the efficiency score analysis of 129 sample public libraries has been undertaken. In the second stage, the efficiency scores obtained from the first stage are regressed on environmental factors. The result of this study shows that : (1) main source of technical inefficiency is pure technical inefficiency rather than scale inefficiency; (2) it is positive effect environmental factors on the efficiency that the population, the dummy variable of capital area.

• Journal of Digital Convergence
• /
• v.19 no.5
• /
• pp.353-363
• /
• 2021

This study analyzed to provide information for business improvement by analyzing the management efficiency of start-up investment companies so that startup investment companies can operate efficiently and by presenting information on inefficient factors. From 2014 to 2018, 83 start-up investment companies were analyzed using the DEA model. Input variables were he number of employees, capital, and output variables were selected for start-up investment assets, operating income, and net profit. As a result of the analysis, technical efficiency and pure technical efficiency showed a pattern with an increase in average, but scale efficiency repeatedly increased and decreased. It is believed that the decline in technology efficiency was due to the decrease in pure technology efficiency, and the inefficiency of start-up investment companies seems to have influenced the inefficiency of start-up investment companies rather than the inefficiency of scale. In addition, the size revenue shows that the DRS value is gradually decreasing, and the IRS value is generally increasing. It is believed that efficiency can be improved if operational inefficiency is improved based on the results and efficiency measures are established through scale expansion.

• Journal of information and communication convergence engineering
• /
• v.4 no.2
• /
• pp.53-57
• /
• 2006

The objective of this paper is to propose a system by means of which the utilization of radio frequency. spectrum may be improved from the state of extreme inefficiency at the present time in Kazakhstan to a state of efficiency and equilibrium in the future.

• Information Systems Review
• /
• v.21 no.4
• /
• pp.69-97
• /
• 2019

Knowledge service firms are able to have higher 'Organizational Performance (OP)' by improving efficiency in management processes on customer problem solving. This study explores the role of inefficiency that has been overlooked up to now compared to the management process efficiency. We also suggest in this study 'Hierarchical Culture (HC)' and 'IT Relatedness (IR)' as the factors influencing the inefficiency of management processes, and propose the moderating effect of 'Task Difficulty (TD)' on the relationship between independent factors and 'Inefficiency of Business Process(IP)'. The results of analysis show that 'HC' has a positive effect on 'IP', and 'IR' has a negative effect on 'IP'. 'TD' was significant moderator of between independent variables and 'IP'. 'IP' was shown to play a full mediating role between independent factors and 'OP'. In conclusion, knowledge service firms are desired to reduce 'HC' and enhance 'IR' by minimizing unnecessary formal procedures, securing flexibility in decision making through appropriate empowerment, creating a smooth flow of knowledge, and enhancing the level of IT resource management and utilization. In addition, in order to effectively reduce 'IP', it is required that a company with a high degree of 'TD' to more reduce a 'HC' and a company with a low degree of 'TD' to more enhance a 'IR'.

• Journal of KIISE:Computer Systems and Theory
• /
• v.27 no.4
• /
• pp.394-400
• /
• 2000

The main goal of synchronization is to guarantee exclusive access to shared data and critical sections, and then it makes parallel programs work correctly and reliably. Exclusive access restricts parallelism of parallel programs, therefor efficient synchronization is essential to achieve high performance in shared-memory parallel programs. Many techniques are devised for efficient synchronization, which utilize features of systems and applications. This paper shows the simulation results that existing synchronization methods have inefficiency under CC-NUMA(Cache Coherent Non-Uniform Memory Access) system, and then compares the performance of Freeze&Melt synchronization that can remove the inefficiency. The simulation results present that Test-and-Test&Set synchronization has inefficiency caused by broadcast operation and the pre-defined order of Queue-On-Lock-Bit (QOLB) synchronization to execute a critical section causes inefficiency. Freeze&Melt synchronization, which removes these inefficiencies, has performance gain by decreasing the waiting time to execute a critical section and the execution time of a critical section, and by reducing the traffic between clusters.

• Asia pacific journal of information systems
• /
• v.6 no.1
• /
• pp.125-163
• /
• 1996

Since the bank managers were accustomed to be under the goverment policy and control so far, all what they had to do were just to follow the government policy and wait for customers. These usual practices resultedin neglection of concerns for innovation and competitive power. However, it currently happens the change of business environment such as the liberalization of interest rates and the open finance market policy. Thus, it is necessary for the bank managers to have a concern on that situation for the improvement of profitability through productivity and cost-down. The bank managers are trying to set out an innovation strategy to cope with this situation. An innovation strategy should be based on its own characteristics of banking business. The banking business is different from those of other business because it deals with intangible services rather than material goods and thus, the bank managers have to be more sensitive to the customers. There also exists an inefficiency of internal process due to too many repetition of 'check and balance'. Thus, We set out the five principles and six selected tasks in order to settle down an inefficiency and to redesign a bank operation process.

• IE interfaces
• /
• v.21 no.1
• /
• pp.75-84
• /
• 2008

It is a difficult task for decision makers(DMs) to choose an appropriate release plan which balances the conflicts between water storage and hydro-electric energy generation in a multi-reservoir operation problem. In this study, we proposed a DEA-based ranking procedure by which the DM can rank the potential alternatives and select the best solution among the Pareto-optimal solutions. The proposed procedure can resolve the problem of mix inefficiency that may cause errors in measuring the efficiency of alternatives. We applied the proposed procedure to the multi-reservoir operation problem for the Geum-River basin and could choose the best efficient solution from the Pareto-set which were generated by the Coordinated Multi-Reservoir Operating Model.

• Proceedings of the IEEK Conference
• /
• 1998.10a
• /
• pp.285-288
• /
• 1998

In this paper, we present mSROS(Micro-Scalable Realtime Operating System) to be applied commonly to the device controller systems in the HANbit ACE256 system. The device controller systems in HANbit ACE256 system are organized as many kinds of device controller. Applying modified PPOS(Peripheral Processor Operating System)which is an operating system for devices of the TDX-10 switching system to the firmwares for them, the inefficiency in development and maintenance exists inherently. To remove the inefficiency nd to improve the performqance of firmwares, we build a common operating system platform that including multi-tasking microkernel so that the firmwares among devices can acquire convenient development and cheap cost of maintencance. Especially, building a virtual machine as a development methodology, it is possible to remove dependency from the kernel so that any kinds of commercial real-time kernels can be used in mSROS as a basic kernel. The virtual machine in mSROS is compatible with the API of SROS(Scalable Realtime Operating System), PPOS, and CROS(Concurrent Realtime Operating System).