• Title/Summary/Keyword: Management Disclosure and Analysis

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R&D Investment and Firm Value: Focusing on the Moderating Effect of Corporate Governance and Ownership Structure (연구개발투자와 기업가치: 소유 및 지배구조의 조절효과를 중심으로)

  • Sul, Won-Sik
    • Journal of Industrial Convergence
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    • v.19 no.5
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    • pp.13-19
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    • 2021
  • In this study, the relationship between R&D investment and firm value was approached from ESG's G(governance) perspective to verify the moderating effect of the corporate governance and ownership structure. To this end, a panel analysis was conducted on a total of 2,825 samples of 405 manufacturing companies listed on the KOSPI market during 2013~2020. The main analysis results are as follows. First of all, we found that R&D investment has a negative impact on firm value, at least in the short term, and that these relationships are moderated by corporate governance and ownership structure. When professional CEO with high level of expertise in business and management does lead R&D investment, the negative impact of R&D investment on firm value is mitigated compared to owner-manager. Also, the stronger the power of outside blockholders, the more transparent the management and disclosure of information, alleviating the information asymmetry between internal and external shareholders, which mitigates the negative impact of R&D investment on firm value. The findings suggest that the factors of ESG may not only have a direct impact on firm value, but also have a moderating effect on firm value.

A Study on the Causes and Consulting Methods to Reduce the Differentiation of Incubator Center (창업보육센터의 보육요소 격차 해소를 위한 변인도출 및 컨설팅 고찰)

  • Yim, Heon-Wook
    • Journal of Convergence for Information Technology
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    • v.8 no.1
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    • pp.313-320
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    • 2018
  • The purpose of the study is to suggest ways to reduce the difference in occupancy rate and cost of incubation centers and surveyed 262 business disclosures of KBIA. the region, the subject of management, and the technology field are set as independent variables among the management disclosure items, and the occupancy rate, cost, and assigned grade are defined as dependent variables. As a result of the correlation analysis, it was found that about 19.4%($R^2=0.194$) and about 7.0%($R^2=0.059$) explain the cost of the operation, Respectively. finally Costs are high in metropolitan areas, public organizations and technology-intensive centers are inexpensive, occupancy rates are high in government and universities, and low in large cities. In order to resolve the gap, $5,720won/m^2$ is appropriate, and the center operates as a technology-intensive specialization center.

Learning from Successes and Failures of Registration of Patent Applications Based on Physical Ergonomics Research

  • Kim, Sungho;Lee, Wonsup;Lee, Baekhee;Choi, Younggeun;Lee, Jihyung;Jung, Kihyo;You, Heecheon
    • Journal of the Ergonomics Society of Korea
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    • v.34 no.5
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    • pp.455-467
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    • 2015
  • Objective: The present study suggested practical measures for successful patent registration based on a review of success and failure cases of patent application filed based on inventions obtained from physical ergonomics research. Background: The protection of intellectual property (IP) contributes to economic growth and competitiveness and facilitates innovation and creativity. IP rights are pursued on research findings for effective technology transfer and commercialization; however, a patent application can be rejected if patentability requirements such as patent eligible subject matter, utility for industrial application, novelty, or non-obviousness are not satisfied. Method: Three successful and three failed cases of patent applications based on physical ergonomics research were reviewed, critical reasons for their successes and failures were examined, and measures were proposed to avoid failures in patent registration. Results: The following measures were identified based on the patent application case review. First, abstract ideas including logical procedures and/or mathematical formulas need to include use of tangible apparatus and methods in idea realization. Second, the provision of grace period inventor disclosure exception needs to be properly followed in case an invention is disclosed before filing of patent application. Lastly, a comprehensive analysis of prior art published or publicly known anywhere in the world and a claim preparation of distinguished, non-trivial features compared to prior art solutions are needed to avoid possible violation of novelty and non-obviousness. Application: The proposed measures can help to prepare a patent application with patent eligibility.

Security Policy Proposals through PC Security Solution Log Analysis (Prevention Leakage of Personal Information) (PC보안솔루션 로그분석을 통한 보안정책 제안 (개인정보유출 방지))

  • Chae, Hyun Tak;Lee, Sang-Jin
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.24 no.5
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    • pp.961-968
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    • 2014
  • In order to prevent leakage of personal information by insiders a large number of companies install pc security solutions like DRM(Digital Right Management), DLP(Data Loss Prevention), Personal information filtering software steadily. However, despite these investments anomalies personal information occurred. To establish proper security policy before implementing pc security solutions, companies can prevent personal information leakage. Furthermore by analyzing the log from the solutions, companies verify the policies implemented effectively and modify security policies. In this paper, we define the required security solutions installed on PC to prevent disclosure of personal information in a variety of PC security solution, plan to integrate operations of the solutions in the blocking personal information leakage point of view and propose security policies through PC security solution log analysis.

A Study on a Scenario-based Information Leakage Risk Response Model Associated with the PC Event Detection Function and Security Control Procedures (PC 이벤트 탐지 기능과 보안 통제 절차를 연계시킨 시나리오 기반 금융정보유출 위험 대응 모델에 관한 연구)

  • Lee, Ig Jun;Youm, Heung Youl
    • The Journal of Society for e-Business Studies
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    • v.23 no.4
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    • pp.137-152
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    • 2018
  • It is a measure to overcome limitations that occur in the activity of detecting and blocking abnormal information leakage activity by collecting the activity log generated by the security solution to detect the leakage of existing financial information and analyzing it by pattern analysis. First, it monitors real-time execution programs in PC that are used as information leakage path (read from the outside, save to the outside, transfer to the outside, etc.) in the PC. Second, it determines whether it is a normal controlled exception control circumvention by interacting with the related security control process at the time the program is executed. Finally, we propose a risk management model that can control the risk of financial information leakage through the process procedure created on the basis of scenario.

The Effect of Type of Largest Shareholder Change on Losses: Focusing on Firm Risk (최대주주 변경의 유형이 적자보고에 미치는 영향: 기업위험을 중심으로)

  • Kim, Hye-Ri
    • Journal of Digital Convergence
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    • v.18 no.6
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    • pp.237-244
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    • 2020
  • The purpose of this study is to empirically analyze the effect of information related to the largest shareholder's change on the likelihood of reporting a loss for firms listed on the Korea Exchange. Specifically, this study conducts a logit regression analysis to examine the firm's loss reporting with frequent changes in the largest shareholder among the largest shareholder change types. So, it controls the impact of a firm's loss reporting, such as the previous year's loss reporting and discretionary accruals. As a result of the analysis, firms whose largest shareholder have changed more than 2 times in the accounting period are found to have higher firm risk in loss reporting than other firms. The results of this analysis confirm that frequent changes in the largest shareholder, which are disclosures of investment risks on the Korea Exchange, may result in investment risk situations such as loss reporting.

Big Data Analysis for Public Libraries Utilizing Big Data Platform: A Case Study of Daejeon Hanbat Library (도서관 빅데이터 플랫폼을 활용한 공공도서관 빅데이터 분석 연구: 대전한밭도서관을 중심으로)

  • On, Jeongmee;Park, Sung Hee
    • Journal of the Korean Society for information Management
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    • v.37 no.3
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    • pp.25-50
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    • 2020
  • Since big data platform services for the public library began January 1, 2016, libraries have used big data to improve their work performance. This paper aims to examine the use cases of library big data and attempts to draw improvement plan to improve the effectiveness of library big data. For this purpose, first, we examine big data used while utilizing the library big data platform, the usage pattern of big data and services/policies drawn by big data analysis. Next, the limitations and advantages of the library big data platform are examined by comparing the data analysis of the integrated library management system (ILUS) currently used in public libraries and data analysis through the library big data platform. As a result of case analysis, big data usage patterns were found program planning and execution, collection, collection, and other types, and services/policies were summarized as customizing bookshelf themes for the book curation and reading promotion program, increasing collection utilization, and building a collection based on special topics. and disclosure of loan status data. As a result of the comparative analysis, ILUS is specialized in statistical analysis of library collection unit, and the big data platform enables selective and flexible analysis according to various attributes (age, gender, region, time of loan, etc.) reducing analysis time. Finally, the limitations revealed in case analysis and comparative analysis are summarized and suggestions for improvement are presented.

A Study on Non-Professional Working Wife's Marital Adjustment, Communication Style and Their Interrelationship (비전문직 취업주부의 결혼 적응과 부부간 의사소통양식 및 그 상호 관계에 대한 연구)

  • 도미향;최외선
    • Journal of Families and Better Life
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    • v.8 no.2
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    • pp.69-85
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    • 1990
  • The purpose of this study is to offer basic data for satisfactory marital adjustment and functional communication by investigating marital adjustment, communication style and interrelationship between them, for non-professional working wives. Research was conducted form May, 1089 in Taegu on 470 subjects, who are non-professional working wives as questions and interview. For analysis of data, percentile, frequencies, ANOVA, Scheffe-test, X2-test, t-test were used, and through such research procedure the following major findings were obtained: 1) The marital adjustment of nonprofessional working wives were relatively high with 78 in percentile. 2) Among the related variables, husband's income, job, support and wife's motive of employment, job, age on the marital adjustment and husband's occupation, educational, level, income, the length of marriage and number of children, family style on the communication style have turned out o be significant. 3) Th higher the degree of emotional disclosure and the more open the verbal experesion, the higher the level of marriage adjustment, 4) In communication style, marriage adjustment was found to increase in such order as contactful style, speculative style, conventional style, and controlling style. Such were found to affect significantly marital adjustment.

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The Relationship between the National Pension Service's Shareholding and Dividend Propensity: Focus on the Changes since the Stewardship Code. (국민연금의 지분율과 기업 배당성향 간의 관계: 스튜어드십 코드 도입 이후 변화를 중심으로)

  • Won, Sang-Hee;Chun, Bong-Geul
    • Asia-Pacific Journal of Business
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    • v.12 no.3
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    • pp.329-342
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    • 2021
  • Purpose - The purpose of this study is to analyze the effect of investment by the National Pension Service, which has a high share as a single fund, on the dividend payout ratio. Design/methodology/approach - This study secured a share through DART of the Financial Supervisory Service and disclosure of the National Pension Service. We also used a fixed-effects model and 2SLS to analyze the data. Findings - First, it was found that there was a possibility of conflicting interests among shareholders concerning the company's dividend payment policy. Second, in the range of 3% to 4.9% of the National Pension Service shareholding, an additional increase in the holding ratio was found to have a positive (+) effect on the dividend rate. Third, after the introduction of the Stewardship Code, it was found that the increase in ownership of the fund had a positive (+) effect on the company's dividend payout ratio, regardless of the share ratio range. Moreover, the relationship between the fund ownership and the dividend payout ratio showed a clear positive relationship when free cash flow was high along investment opportunities were low. Research implications or Originality - First, This study included less than 5% of the share in the analysis. Second, We used the recent changes in fund shareholder activities. Third, We tested an instrumental variable to confirm the relationship between the National Pension Service share and the dividend ratio.

Research on Corporate Risk Reporting: Current Trends and Future Avenues

  • Mazumder, Mohammed Mehadi Masud;Hossain, Dewan Mahboob
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.1
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    • pp.29-41
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    • 2018
  • These days, corporate risk management has become a major concern in the corporate world. Companies in the global environment are exposed to diverse kinds of risks that are affecting the decisions of investors and other stakeholders. Therefore, companies are expected to not only identify and manage risks but also voluntarily report the same to the stakeholders. Increasingly, standard setters and regulators are requiring firms to disclose such information. On the contrary, there also exists a perception that risk reporting can create a negative impression among the stakeholders about the future of the company. In line with such growing dilemma for risk disclosures, the issue of corporate risk reporting (CRR) has been receiving immense emphasis from the accounting academicians. The main objective of this article is to conduct a comprehensive literature review on corporate risk disclosures. In order to fulfill this objective, at first, a summary of the relevant available literature is presented to identify the current regulations on risk reporting, existing trends of CRR research and theories applied in research. Then, through analysis, several research avenues are identified. It is expected that if these dimensions are explored by the future researchers, a better and broader understanding of the risk reporting practices can be achieved.