• Title/Summary/Keyword: Process Governance

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Pecking Order Theory and Korean Family Firms: Effect of Ownership and Governance Characteristics (한국기업의 가족경영과 자본조달우선순위: 소유·지배구조 특성의 영향분석)

  • Jung, Mingue;Kim, Dongwook;Kim, Byounggon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.3
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    • pp.518-526
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    • 2017
  • This study analyzed the impact of family firms and their characteristics on how they use debts to analyze the decision-making process of Korean family firms. For analysis, we classified the characteristics of family firms into three categories, through the influence of the relationship between the lack of funds and net debt issuance, which was confirmed as the 'packing order theory' of family firms. There was a total of 4,503 enterprises in the Korean Exchange (KRX). The period of analysis was 10 years, between 2004 and 2014. To summarize, Shyam-Sunder and Myers (1999) validated the packing order theory by presenting a model of family businesses that showed greater applicable to higher packing order theory than a model of non-family businesses. Moreover, the results also confirmed the application of the packing order theory by the family stronger corporate governance and ownership structure. The ownership and governance characteristics of the ruling family has also shown the applicability of higher packing order theory.

The Influential Factors of Collaborative Governance in Community based tourism : Case Study of Goryeong-county Tourism Association (지역사회기반관광에서의 협력적 거버넌스 영향요인 연구 : 고령군관광협의회 사례를 중심으로)

  • Kang, Shinkyum
    • 지역과문화
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    • v.6 no.2
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    • pp.1-23
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    • 2019
  • This study identified cooperative governance status and performance and proposed policy implications for the local tourism association, which participated by a variety of stakeholders. This study is a case study and in-depth interview survey was conducted on the staff, members of the local tourism association and local government officers. As a result of the analysis, the community's desire to foster tourism and the county head's leadership influenced the establishment process. It was analyzed that the interests of participants in the local tourism association and the benefits they expected were varied. Members have been unable to participate in the operation of the association and the mutual exchanges of the members have not been active. The leadership and professionalism of the Secretariat has contributed to stabilizing the organization, and it has been shown that it needs to secure self-sustaining power through its own profit projects in the future. The Goryeong Tourism Association serves as a private local tourism promotion organization, carrying out the successful hosting of the festival and attracting tourists. In the future, however, it is necessary to strengthen cooperative networks, autonomous participation of stakeholders and cooperative coordination of interests in relation to the operation of tourism councils as collaborative governance.

Governance research for Artificial intelligence service (인공지능 서비스 거버넌스 연구)

  • Soonduck Yoo
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.24 no.2
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    • pp.15-21
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    • 2024
  • The purpose of this study is to propose a framework for the introduction and evaluation of artificial intelligence (AI) services not only in general applications but also in public policies. To achieve this, the study explores AI service management and governance toolkits, providing insights into how to introduce AI services in public policies. Firstly, it offers guidelines on the direction of AI service development and what aspects to avoid. Secondly, in the development phase, it recommends using the AI governance toolkit to review content through checklists at each stage of design, development, and deployment. Thirdly, when operating AI services, it emphasizes the importance of adhering to principles related to 1) planning and design, 2) the lifecycle, 3) model construction and validation, 4) deployment and monitoring, and 5) accountability. The governance perspective of AI services is crucial for mitigating risks associated with service provision, and research in risk management aspects should be conducted. While embracing the advantages of AI, proactive measures should be taken to address limitations and risks. Efforts should be made to efficiently formulate policies using AI technology to create high value and provide meaningful societal impacts.

The Process of Place-making and the Placeness of the 'Kim Gwang-seok Road' in Daegu ('김광석 다시 그리기 길'의 장소 만들기와 장소성)

  • Park, Soon Ho
    • Journal of the Economic Geographical Society of Korea
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    • v.23 no.4
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    • pp.438-453
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    • 2020
  • This study attempts to examine the process of place-making, to define the role and interrelationship of the subjects and to analyze the placeness of the 'Kim Gwang-seok Road', a representative example of artificial place-making. Through a 10-year urban regeneration project based on the concept of Kim Gwang-seok, the alleyway between Bangcheon Market and the retaining wall of Sincheon-daero has been embedded as a memorial space for Kim Gwang-seok and an cultural art space. However, the existing placeness has weakened as the result of the excessive tourism in the late 2010s, while the characteristics of cultural commercial space has strengthened. This change in place has prompted community disintegration, which has caused the loss of momentum for sustainable development. To overcome these problems, it will be necessary to establish endogenous governance to expand and reproduce existing community capabilities, embedded social capital and place assets in new directions.

A Study of the Establishment of Governance to Ensure the Sustainability of Agricultural Water Use (농업용수의 지속가능성 확보를 위한 거버넌스 주요 구축 인자)

  • Lee, Seul Gi;Choi, Kyung Sook
    • Proceedings of the Korea Water Resources Association Conference
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    • 2022.05a
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    • pp.73-73
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    • 2022
  • 전 세계적으로 발생하고 있는 기후변화로 인하여 자연재해가 빈번한 실정이며, 특히 가뭄은 농업용수 부족과 직결되어 식량안보를 위협하는 요소가 되고 있다. 최근 우리나라에서도 통합물관리 정책 추진과 더불어 농업용수의 물절약 필요성이 강조되고 있으며, 농업용수 수요관리를 위한 실사용자인 농업인과 이해관계자들의 관심과 노력이 필요한 상황이다. 따라서 농업용수의 지속가능성 확보를 위한 물이용 절감 등 적극적인 수요관리를 위해 농업용수 거버넌스 구축이 요구되고 있다. 이에 본 연구에서는 우리나라 농업 현장에 적용 가능한 농업용수 거버넌스 구축에 필요한 주요 구성 인자를 파악해 보았다. 이를 위해 국내외의 농업 및 농촌 거버넌스 사례와 문헌조사 등을 통해 농업용수 거버넌스 구축을 위한 6개의 주요 인자를 선정한 후, 전문가를 대상으로AHP(Analytic Hierarchy Process) 방법을 이용한 설문조사 및 쌍대비교를 통해 우선순위를 도출해 보았다. 그 결과, 총 6개 주요 인자의 중요도는 '핵심주체', '법률 및 정책 구축', '예산 지원', '정보공유 및 커뮤니케이션', '상호 학습', '외부전문가' 순으로 도출되었다. 여기서 가장 높은 중요도를 차지한 '핵심주체'는 농업인을 의미하며, 이는 공사에서 담당하고 있는 현재의 공적관리체계로는 필지단위의 효율적 물관리에 한계가 있으므로, 물 사용의 주체인 농업인의 물관리 참여를 위한 거버넌스 운영에 농업인이 핵심주체로서의 역할을 하는 것이 필요하다는 것을 나타낸다. 농업인 중심의 상향식 거버넌스(Bottom-up governance) 방식으로 농업용수 거버넌스가 운영된다면, 농업용수 이해관계자들의 관심과 농업인의 자발적인 물절약 참여를 유도할 수 있을 것으로 판단된다. 또한 거버넌스 운영을 통하여 농업인 및 이해관계자의 소통과 문제 제기 및 환류 노력 등을 통해 물절약을 위한 제도개선 및 현장 실천 노력 등이 지속적으로 이루어진다면, 농업용수 지속가능성 확보에 긍정적인 효과를 나타낼 수 있을 것으로 사료된다.

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Promotion Process and Governance for Establishment of the Union of Kansai Governments: A Case of the Kansai Economic Federation (일본 간사이광역연합 설립 논의과정과 추진체계: 간사이경제연합회를 사례로)

  • Lee, Jeong-Rock;Lee, Sang Suk;Kim, Young-Khee
    • Journal of the Economic Geographical Society of Korea
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    • v.20 no.3
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    • pp.388-404
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    • 2017
  • The Union of Kansai Governments of Japan is regarded as a bench marking for the successful cooperation, alliance, and cooperation of neighboring local governments. The Union of Kansai Governments was a realization several active plan of the Kansai Economic Federation. The purpose of this study is to examine the roles of the Kansai Economic Federation in the process for establishment of the Union of Kansai Governments, searching for theoretical implications for the inter-municipal cooperation of Gwangyand Bay in South Korea. In particular, this study review the activities and roles of the Kansai Economic Federation in relation with the establishment of a number of promotional organizations and governance systems. We played special attention to the three important factors carried out by the Kansai Economic Federation, that is, the contineous activities, the accumulated research results, and establishment of various promotion organizations and effective governance systems. We suggest, in conclusion, that these three factors would also have very important policy implications for the discussion of inter-municipal cooperation among three cities, Yeosu, Suncheon, and Gwangyang.

Predicting Future ESG Performance using Past Corporate Financial Information: Application of Deep Neural Networks (심층신경망을 활용한 데이터 기반 ESG 성과 예측에 관한 연구: 기업 재무 정보를 중심으로)

  • Min-Seung Kim;Seung-Hwan Moon;Sungwon Choi
    • Journal of Intelligence and Information Systems
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    • v.29 no.2
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    • pp.85-100
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    • 2023
  • Corporate ESG performance (environmental, social, and corporate governance) reflecting a company's strategic sustainability has emerged as one of the main factors in today's investment decisions. The traditional ESG performance rating process is largely performed in a qualitative and subjective manner based on the institution-specific criteria, entailing limitations in reliability, predictability, and timeliness when making investment decisions. This study attempted to predict the corporate ESG rating through automated machine learning based on quantitative and disclosed corporate financial information. Using 12 types (21,360 cases) of market-disclosed financial information and 1,780 ESG measures available through the Korea Institute of Corporate Governance and Sustainability during 2019 to 2021, we suggested a deep neural network prediction model. Our model yielded about 86% of accurate classification performance in predicting ESG rating, showing better performance than other comparative models. This study contributed the literature in a way that the model achieved relatively accurate ESG rating predictions through an automated process using quantitative and publicly available corporate financial information. In terms of practical implications, the general investors can benefit from the prediction accuracy and time efficiency of our proposed model with nominal cost. In addition, this study can be expanded by accumulating more Korean and international data and by developing a more robust and complex model in the future.

The Analysis of the Purchasing Process and Distribution Management Requirements of Teaching Materials in Preschool

  • Jae-Moo LEE;Kyung-Seu CHO
    • Journal of Distribution Science
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    • v.22 no.1
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    • pp.115-125
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    • 2024
  • Purpose: This study is to analyze the purchasing process and distribution management requirements for teaching materials that have important meaning in the practical field of preschool education. Research design, data and methodology: A structured questionnaire was used to survey 103 childcare staffs regarding the purchasing process and distribution managements. The collected data underwent Likert's 5-point scale analysis and keyword grouping. Additionally, ANOVA was conducted to examine the distribution management demands based on demographic characteristics. Results: The purchasing of teaching materials involved more offline channels than online, and the purchase decisions were predominantly made by principals rather than teachers. Although the purchasing process is similar to that of general businesses, there are difficulties in purchasing due to the disorganized distribution channels and limited accessibility to product information. Additionally, the management of inventory for teaching materials is challenging due to limited personnel and storage. Childcare staffs have requirements for classification systems, evaluation criteria, environments and policies related to teaching materials distribution. The need to introduce a teaching material evaluation and certification system to ensure quality was not high. Conclusions: Most of the respondents recognized that strict management and measures should be taken for the distribution of teaching materials. There were differences in the demand of teaching material distribution depending on the respondents' status, age, education, and experience.

Development of Compliance Collaboration Index for Trade Supply Chain (무역공급망 법규준수 협력지수 개발)

  • Kim, Hee-Soo;Ma, Sun-Duck
    • Journal of Korean Society for Quality Management
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    • v.38 no.1
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    • pp.34-41
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    • 2010
  • This paper proposes the compliance collaboration index(CCI) which can be useful to measure the level of supply chain's compliance collaboration quantitatively. It can be shown that the proposed index is quite flexible when applied in real situations at the request of the index user. For instance, even if only one company of many companies in trade supply chain to be tested through the AEO certification test is not satisfied the required specification. the index is designed in such a way that the score can't be higher than a certain predetermined value. The proposed CCI can be used as the guidance for a trade company's collaboration process control strategy to increase the efficiency of compliance improvement activity. In this paper, we use the Analysis Hierarchy Process(AHP) which is one of the methods recommended by ISO/ICE as a measurement of weight to be assigned to the relevant parameters considered in the CCI.

Conceptual Typology for Platform Service Ecosystems (플랫폼서비스 생태계의 개념적 유형화)

  • Kim, Dohoon
    • Journal of Information Technology Services
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    • v.15 no.1
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    • pp.299-319
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    • 2016
  • This study first introduces platform services and their business models. On the basis of the concepts of business ecosystem, we present a framework for distinguishing types of the platform service business models. Two key characteristics of business ecosystems-ecosystem configuration and value production process-are employed as fundamental dimensions for constructing typology. In particular, we also present the notion of value ecosystem, where not a single platform provider but a federation of platforms constitutes a virtual platform and completes a service system. The value ecosystem represents two distinct types of platform service business models : meta-platform ecosystem and platform coalition ecosystem. They show different governance structure in the platform federation and service flows across the ecosystem. We present detailed analyses of these two value ecosystems focusing on relevant cases of e-payment FinTech : Apple Pay as an example of meta-platform and Kakao Pay for platform coalition. Our conceptual typology contributes to platforms' proper strategy formulation and presents policy implications to, for example, platform neutrality.