• International Journal of Internet, Broadcasting and Communication
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• 제14권3호
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• pp.270-275
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• 2022

Examining whether the relationship between proprietary information cost and management's disclosure decision is also valid for domestic companies is expected to provide meaningful implications for investors and regulatory authorities. However, there are no domestic studies related to proprietary information costs so far. This study examines whether managers tend to lower the disclosure level at their discretion in consideration of proprietary information costs. This study used the measurement quality of disclosure to examine whether managers tend to lower the disclosure level at their discretion in consideration of proprietary information costs. As a result of empirical analysis, it was confirmed that there is a negative relationship between proprietary information cost and the quality of disclosure. This suggests that management tends to make disclosure decisions in consideration of not only the benefits of disclosure but also proprietary information costs resulting from disclosure in order to maximize corporate value. These findings are expected to have significant implications for investors and related policy authorities.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.751-762
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• 2021

This study aims to examine whether an increased disclosure has a positive impact on firm performance and whether the opposite impact of increased disclosure on firm performance can occur in certain conditions - high proprietary information and competition. The sample for this study consists of Indonesian firms listed on the Indonesia Stock Exchange (IDX). The data were selected based on purposive sampling and panel data spanned eleven years (2006-2016). A panel GLS regression using moderated regression analysis (MRA) was adopted. The results of this study reveal that an increased disclosure has a positive effect on firm performance, but an increased disclosure has a negative impact on firm performance when proprietary information is high, and vice versa. Also, if the disclosure is increased, the negative impact of proprietary information on firm performance will get exacerbated in conditions where the competition level is high. The findings of this study suggest that, since the positive effect of continuously-increased disclosure on firm performance leads to the reversal (negative) impact when certain conditions occur (high proprietary information and competition), the level of disclosure quality is most likely to tap an 'optimal' point. In this regard, however, a broader investigation of all firms across countries still needs to be conducted.

• KSII Transactions on Internet and Information Systems (TIIS)
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• 제15권8호
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• pp.3068-3085
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• 2021

The economics of big data knowledge, especially cloud computing and statistical data of consumer preferences, has attracted increasing academic and industry practitioners' attention. Firms nowadays require purchasing not only external private patent knowledge from other firms, but also proprietary big data knowledge to support their new product development. Extant research investigates pricing strategies of external private patent knowledge and proprietary big data knowledge separately. Yet, a comprehensive investigation of pricing strategies of these two types of knowledge is in pressing need. This research constructs an overarching pricing model of external private patent knowledge and proprietary big data knowledge through the lens of firm profitability as a knowledge transaction recipient. The proposed model can help those firms who purchase external knowledge choose the optimal knowledge structure and pricing strategies of two types of knowledge, and provide theoretical and methodological guidance for knowledge transaction recipient firms to negotiate with knowledge providers.

• International Journal of Internet, Broadcasting and Communication
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• 제13권2호
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• pp.20-26
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• 2021

Considering the role of a financial analyst that directly affects investors as an information mediator, management's decision to disclose to maximize corporate value will have an important impact on investors as well. On the other hand, whether or not managers vary the level of disclosure depending on the corporate form will have great implications for policy authorities. However, there is no domestic research on the relationship between the corporate form and the quality of voluntary disclosure. Our study shows that the corporate form tends to deepen the negative relationship between the proprietary information cost and the quality of disclosure. Examining whether the relationship between proprietary information cost and management disclosure decision making is valid for domestic companies is expected to provide meaningful implications for investors and regulators. Depending on the corporate form, if an entity makes a discriminatory disclosure, the cost of capital will be affected. A more in-depth follow-up study on this should be done.

• Asia pacific journal of information systems
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• 제23권1호
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• pp.1-19
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• 2013

The market for commercial open source software (OSS) has been rapidly growing with the proliferation of OSS. One way to commercialize OSS is the support model, which has been adopted by leading OSS firms such as Red Hat and JBoss. Despite the growing interest in OSS commercialization, little research has provided OSS support providers with a pricing guideline. In this paper, we examine the optimal pricing strategies for OSS support providers. Our benchmark is a monopoly case in which we investigate a startup software vendor's incentive to choose the OSS support regime over the proprietary one. Then we extend the model to a duopoly case in which OSS under the support regime competes against proprietary software. We characterize the conditions under which the OSS support model is viable under competition. We believe that our results offer insights to the OSS vendors who consider commercializing their OSS with a support model.

• 대한전자공학회:학술대회논문집
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• 대한전자공학회 1998년도 하계종합학술대회논문집
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• pp.491-494
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• 1998

Due to the improvement of PC performance and windows-based OS, PC-based control system is gradually taking over industrial control in the industry site, replacing the closed proprietary syste. PC-based system gives the avantages of ease-of-use, cost-effectiveness, simplicity of maintenace and the flexibility to design I/O system using standard technology. While there are many real time software soltions, most of hardware solutions are closed, vendor-depednent, proprietary systems for large scale plants. In this paper, we suggest the method to configure PC-based I/O system based on standard technology which gives the avantages to use off-the-shelf products for system integration.

• 한국정보처리학회:학술대회논문집
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• 한국정보처리학회 2007년도 춘계학술발표대회
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• pp.1110-1112
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• 2007

내부 정보 유출 방지체계는 침입탐지시스템이나 방화벽 같은 외부 공격자에 대한 방어 대책으로는 한계가 있어 새로운 정보보호 체계가 필요하다. 본 논문은 내부정보 유통 구조에 내재되어 있는 내부 정보 유출 취약점을 분석하고 이에 대한 대책으로서 새로운 정보보호 모델을 제안하며, 제안된 정보보호 모델을 구현하는 한 방법으로서 DRM 기술을 적용한 정보보호 기술구조를 제안한다.

• 한국국방경영분석학회지
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• 제11권1호
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• pp.47-54
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• 1985

In this paper, for the systematic software evaluation and selection objective, we first discussed the systems software which is distinctly different from applications oriented software in source, concept and use. We suggested the systematic procedures for the effective software evaluation and selection by analyzing categories of commercially available proprietary software, sources of information for software selection, request for information, request for proposal, user surveys as an aid to evaluation and evaluation of responses to the RFP.

• 한국건설관리학회논문집
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• 제17권6호
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• pp.24-30
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• 2016

BIM은 사업차여자간 협업을 요구하는 동시에 3차원 형상 정보와 더불어 개별 사업정보의 공유를 필요로 한다. 이에 따라 BIM 정보에 대한 소유 및 사용권한에 대한 지식재산권, 즉, 저작권 보호에 대한 체계적인 수립을 요한다. 현재 국내 표준계약서는 BIM 정보에 대한 보호를 담기엔 한계가 있다. 본 연구에서는 미국 및 영국의 주요 BIM 표준계약서를 분석하여 이를 토대로 국내 실정에 맞는 법률적 조항과 운용 방식을 추려내었다. 그 결과 소유권은 저작자; 사용권은 라이선스 서브라이선 방식으로 부여, 취소권한을 주되 사업차질에 최소화하는 선에서 제공, 그리고 데이터오류에 대한 책임 역시 최소화함을 명시할 것을 제안한다. 또한 통합 빔 모델은 연합모델로 구축하고 사업진행중 모델 책임자 및 상세수즌을 사전적으로 합의할 수 있는 책임 메트릭스를 제공할 것을 권유한다.

• 재무관리연구
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• 제21권2호
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• pp.99-123
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• 2004

본 연구는 국내 상장기업 중에서 2000년에서 2002년도까지 사모사채를 발행한 124건의 발행 정보와 공모사채 발행을 실시한 203건의 발행정보를 표본으로 기업의 사모사채 발행에 영향을 미치는 결정요인들을 분석하였다. 회사채 조달원천의 선택에 영향을 미치는 요인으로 정보비대칭, 재무위험, 대리인비용, 독점적 정보, 신용등급 등 5개 변수를 도입하였다. 기업에 대한 정보비대칭의 정도는 사모사채 발행의 선택에 유의적인 영향을 미치는 것으로 나타났다. 이는 정보비대칭에 따른 역선택을 회피하기 위한 수단으로 사모를 선택하는 것으로 보인다. 또한, 기업의 재무위험의 정도가 클수록 공모사채 발행보다는 사모사채 발행이 이루어지는 경향이 높은 것으로 나타났는데, 이러한 결과는 사모계약이 가지는 재무적 재조정의 수월성과 관련이 있는 것으로 보인다. 대리인비용의 경우에는 대용변수의 선택에 따라 상이한 결과를 보이고 있다. 먼저, 주가수익률이 높은 기업일수록 사모발행을 통해 자본을 조달하는 경향이 높은 것으로 나타났다. 즉 사모발행은 부채의 대리인비용을 감소시키기 위한 수단이 될 수 있다고 추정된다. Tobin의 Q 경우는 기업의 공모사채와 사모사채 선택 의사결정에 유의적인 영향을 주지 않는 것으로 나타났는데, Tobin Q값이 높은 기업들은 강탈문제(hold-up problem)를 회피하기 위해 공모시장에 접근하는 경향이 있는 것으로 추정된다. 한편, 독점적 정보와 관련하여 기업은 내부의 정보보호를 위해서 사모사채 발행에 대한 동인을 가지는 것으로 보인다. 신용등급이 투기등급에 해당하는 기업들의 사모발행 경향이 높은 것으로 판단되었다. 본 연구의 결과들은 정보비대칭의 문제점이 있는 기업이거나 또는 대리인문제를 해결하기 위한 수단으로서 사모사채 발행은 기업의 우선적 자금조달방법이 될 수 있다는 것을 시사하고 있다고 할 수 있다.