• 보건의료산업학회지
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• 제12권2호
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• pp.27-38
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• 2018

Objectives : This study was conducted to examine the differences in the association of intellectual capital with organizational effectiveness of nursing organizations between public and private hospitals. Methods : A total of 166 nurses (82 of public hospital and 84 of private hospital) were recruited for the survey. Nurses' job satisfaction, organizational commitment, intellectual capital, sociodemographics, work-related factors, and health status were measured. Results : Nurses of public hospitals reported significantly higher scores in human capital, customer capital, job satisfaction, emotional engagement, and transactional commitments than did those of the private hospital. Human capital private and structural capital were significantly associated with nurses' job satisfaction in both public and private hospitals. Customer capital was positively associated with the emotional and transactional commitment in the public hospital, while, structural capital was associated with transactional and normative commitment in the private hospital. Conclusions : We could confirm that the nurses' intellectual capital is important the effectiveness of nursing organizations in both public and private hospitals.

• The Journal of Asian Finance, Economics and Business
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• 제9권3호
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• pp.113-121
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• 2022

The study aimed to assess the availability of intellectual capital in Kuwaiti private universities in terms of its three dimensions (human capital, structural capital, and relational capital), as well as its role in crisis management (crisis preparedness, crisis mitigation, confrontation, and response to the crisis, and learning from the crisis) during the COVID-19 pandemic. Members of the boards of trustees, university presidents, their deputies, and deans of the colleges were chosen as respondents to this study from a sample of (8) private universities in Kuwait, with the sampling unit consisting of leaders in these universities. The study revealed that all dimensions of intellectual capital play a statistically significant impact in executing crisis management during the COVID-19 pandemic at Kuwaiti private universities after conducting the data analysis process. The study concluded that universities should pay attention to intellectual capital in all its dimensions (human capital, structural capital, and relational capital) because of its role in improving their ability to implement crisis management strategies and strive to improve their capabilities to face crises by implementing crisis management strategies.

• KDI Journal of Economic Policy
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• 제38권2호
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• pp.21-44
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• 2016

There has been a surge of interest in private equity as an alternative corporate restructuring scheme to complement the current institutional forms such as workouts and court receivership. By empirically examining whether private equity in Korea can improve investee companies, we find that while private equity in Korea did not sacrifice the long-term growth potential of investee firms, it did not improve their profitability (e.g. ROA, ROE, and ROS) or growth (e.g. sales growth) either. Both the negative correlation between business performance and firm age and our empirical results showing that young firms were favored by private equity for investment imply that Korean private equity may perform as growth capital, similar to venture capital rather than as buyouts for corporate restructuring.

• East Asian Economic Review
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• 제20권3호
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• pp.391-423
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• 2016

By examining the relationship between private credit growth and the possibility of credit risk while focusing on international capital in 21 countries over the period 2000:1Q-2015:2Q, this paper shows that the impact of private credit growth on credit risk is apparent under the high ratio of capital inflows, and its impact on credit risk in the seven Asian countries is even stronger. And the possibility of credit risk caused by private credit is mainly coming from portfolio inflows rather than direct inflows. Finally, portfolio inflows strengthen the positive relationship between credit excess and credit risk in Asian countries, and this trend is seen more in these after the global financial crisis. Taken together, the stronger positive relationship between credit excess and credit risk can be strengthen under the massive portfolio inflows in particular in the seven Asian countries such as Hong Kong, India, Indonesia, Korea, Malaysia, Singapore, and Thailand.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.195-210
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• 2020

This study describes the structure of the capital markets for small- and medium-sized enterprises (SMEs) and startup companies in Korea, which is an emerging market that has experienced drastic changes. The overall capital market can be divided into private and public capital markets. In the private capital market, most of the demand for capital comes from non-listed private firms, including startups and SMEs. In the case of SMEs and startups, the KOSDAQ, the Korea New Exchange (KONEX), and primary collateralized bond obligations (P-CBOs) are part of the public capital market. SMEs and startups are generally incapable of raising sufficient capital owing to their low credit ratings, and they largely have limited access to primary markets to issue shares and borrow money. The Korean government has developed a systematic financial aid program to provide funds to these companies. The fund for SMEs has significantly contributed to the development of the venture capital market. Many Korean banks provide substantial lending to SMEs, but this lending is available only because of the Korean government's loan recovery guarantee. Furthermore, SMEs can issue corporate debt in the form of primary collateralized bond obligations through government guarantees, but such debt issuances have placed increasing pressure on public guarantee institutions.

• 산학경영연구
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• 제19권1호
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• pp.157-174
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• 2006

과거 국내 벤처캐피탈 회사는 정부의 지원과 보조금에 의존하여 사업을 유지하였기 때문에 관리노하우, 선진투자기법 및 관리지원능력 등의 역량이 부족해도 생존할 수 있었다. 하지만, 오늘날 벤처캐피탈 회사의 환경은 자율과 책임과 경쟁원리가 적용되는 상황으로 점점 바뀌고 있다. 벤처캐피탈 회사도 다른 금융기관과 마찬가지로 자산과 부채를 적절히 관리함으로써 위험을 최소화하고 수익을 극대화시켜 기업 가치를 극대화할 수 있는 것이다. Modigliani와 Miller(1958)가 전통적 최적자본구조의 존재에 대해 반론을 제기한 이후 많은 연구가 진행되었지만 아직까지 벤처캐피탈 회사의 자본구조에 대해 연구한 논문은 아직 발표되지 않았다. 본 논문의 목적은 국내 창업투자회사의 기업특성과 자본구조 간의 관계를 실증적으로 조사하고 분석하는 것이다. 본 연구에서는 창업투자회사의 웹페이지와 공시자료를 기초로 국내 창업투자회사의 기업특성 및 재무지표에 대한 자료를 수집하였다. 상관관계분석과 t-검정을 통해 오래된 창업투자회사와 신규창업투자회사 간에 유동비율과 매출액 순이익률 값이 차이가 난다는 것을 보여주었다. 비록 우리나라 창업투자회사가 벤처기업에 대한 투자에 대한 노하우가 부족하다고 알려졌지만 오래된 창업 투자회사는 재무수익성을 개선할 수 있는 벤처투자에 대한 노하우가 차츰 쌓이고 있다는 결과로 해석될 수 있는 결과이다.

• 시큐리티연구
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• 제51호
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• pp.127-149
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• 2017

본 연구의 목적은 민간경비원의 긍정심리자본과 직무태도 변수간의 영향관계를 분석하는 것이다. 이를 위해 경기도 소재 민간경비업체 10곳에서 근무하는 민간경비원 310명을 대상으로 설문을 실시하였다. 불성실하게 응답되었다고 판단되는 설문지 15부를 제외한 총 295부의 자료를 최종분석에 활용하였다. 자료처리는 SPSS 21.0과 AMOS 21.0을 이용하여 빈도분석, 탐색적 요인분석, 확인적 요인분석, 상관관계분석, 구조방정식 모형분석을 실시하였고 다음과 같은 결론을 도출하였다. 첫째, 민간경비원의 긍정심리자본은 직무만족에 정(+)적 영향을 미친다. 둘째, 민간경비원의 긍정심리자본은 직무몰입에 정(+)적 영향을 미친다. 셋째, 민간경비원의 직무만족은 직무몰입에 정(+)적 영향을 미친다. 넷째, 민간경비원의 긍정심리자본과 직무몰입 간의 관계에서 직무만족은 부분적으로 매개역할을 한다. 종합해 볼 때, 민간경비원의 긍정심리자본이 직무만족과 직무몰입에 긍정적인 영향을 주는 중요한 변수이며, 민간경비원의 직무만족도가 높아질수록 직무에 대한 몰입도가 높아지는 것을 알 수 있다.

• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.509-519
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• 2007

Private financing is playing an increasing role in public infrastructure construction projects worldwide. However, private investors/operators are exposed to the financial risk of low profitability due to the inaccurate estimation of facility demand, operation income, maintenance costs, etc. From the operator's perspective, a sound and thorough financial feasibility study is required to establish the appropriate capital structure of a project. Operators tend to reduce the equity amount to minimize the level of risk exposure, while creditors persist to raise it, in an attempt to secure a sufficient level of financial involvement from the operators. Therefore, it is important for creditors and operators to reach an agreement for a balanced capital structure that synthetically considers both profitability and repayment capacity. This paper presents an optimal capital structure model for successful private infrastructure investment. This model finds the optimized point where the profitability is balanced with the repayment capacity, with the use of the concept of utility function and multi-objective GA (Generic Algorithm)-based optimization. A case study is presented to show the validity of the model and its verification. The research conclusions provide a proper capital structure for privately-financed infrastructure projects through a proposed multi-objective model.

• 시큐리티연구
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• 제37호
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• pp.165-195
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• 2013

오늘날 현대 조직에서는 제3의 자본으로서 사회자본의 중요성이 부각되고 있다. 사회자본은 조직구성원에 대한 효율적 인적 자원관리와 관련하여 "구성원에 대한 신뢰와 규범, 사회적 네트워크"등을 그 구성요소로 하는데, 현재 이와 관련된 많은 연구들이 활발하게 진행되고 있다. 하지만 아직까지 민간경비업체 종사자들의 사회자본에 대한 연구는 찾아보기 어려운 실정이다. 이에 이 연구에서는 사회자본에 대한 국내외 선행연구를 바탕으로 민간경비업체 종사자들을 대상으로 하여, 사회자본과 직무만족과의 관계에 대해서 직무특성의 매개역할을 중심으로 한 실증분석을 통해 민간경비업체 종사자들의 효율적 관리방안을 제시하고자 하였다. 이 연구의 결과, 첫째, 사회자본과 직무만족과의 관계에 대한 분석결과, 사회자본의 구성요소 중 신뢰와 네트워크는 직무만족에 유의미한 영향을 미치는 것으로 나타났다. 둘째, 사회자본과 직무만족과의 관계에서 직무특성에 대한 매개효과의 분석결과, 직무특성 요인인 직무중요성과 기술다양성은 매개효과가 있는 것으로 나타났다. 이러한 실증분석의 결과는 민간경비업체 종사자들의 직무스트레스를 감소시켜 주고 직무만족과 더불어 조직의 성과를 향상시키기 위해서는 조직 구성원 간의 신뢰와 네트워크 등을 통하여 사회자본에 기반을 둔 상호협력 등이 필요로 함을 의미한다. 따라서 민간경비업체 종사자들에 대한 사회자본의 활성화와 유지를 위한 관리전략이 모색되어야 할 것이다.

• 가족자원경영과 정책
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• 제16권4호
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• pp.131-152
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• 2012

The aims of this study were to analyze middle-aged households' financial preparation for retirement. Specifically, this study surveyed the relation between human capital investment for children and the middle-aged households' financial preparation for retirement and investigated factors influencing financial preparation for retirement. Data were obtained from the 3rd Korean Retirement and Income Study (KReIS) in 2009, and a sample of 757 households was selected. The statistical methods were frequency, percentile, mean, standard deviation, ${\chi}^2$, t-test, Pearson's correlation coefficient, and logistic regression analysis. The findings of this study are as follows. First, the percentile of preparation for living costs for old age was 49.9% for the middle-aged households. In terms of the types of preparation for living costs for old age, the results showed 61.6% of personal preparation, 33.9% of pension system, and 1.3% for children and relatives. In relation to the adequacy of the preparations for living costs for old age, preparations made by 57.4% of the middle-aged households were inadequate. Observing the minimum living costs for old age and adequate living costs after retirement for single and couple, the minimum living costs of the middle-aged households was 1.46 million won for couple and 0.91 million won for single. The adequate living costs for old age was 2.07 million won for couple and 1.34 million won for single. Second, there were 757 households with total education expenditure. Of these, 208 incurred annual expenditure on public education, and the annual expenditure for public education was 7.28 million won. There were 170 households with annual expenditure for private education, and the annual expenditure for private education was 2.50 million won. 243 households of middle-aged households had annual expenditure for human capital investment, including both public and private education, with annual expenditure for human capital investment for children of 7.82 million won. Furthermore, in the human capital investment factor, there was a difference in the middle-aged households' financial preparation for retirement according to their annual expenditure for human capital investment including both public and private education. In addition, there was a difference in financial preparation for retirement based on their public education expenditure. Third, in the logistic regression model 1, which included human capital investment, the significant variables affecting the preparation for retirement of the middle-aged households were as follows : annual household income, total amount of annual household income, experience of inadequate living costs, existence of financial assets, total amount of annual household savings, financial independence, adequate living costs (for single) for old age, and human capital investment. In the logistic regression model 2, which included annual expenditure for public education and annual expenditure for private education, the significant variables affecting the preparation for retirement of the middle-aged households were as follows : annual household income, total amount of annual household income, experience of inadequate living costs, existence of financial assets, total amount of annual household savings, financial independence, adequate living costs (for single) for old age, and annual expenditure for public education.