• The Journal of Asian Finance, Economics and Business
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• 제9권2호
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• pp.81-92
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• 2022

The necessity for a theoretical explanation of the negative association between capital structure and company performance is identified in this study. By focusing on accounting metrics of business performance, this study is the first to investigate the moderating effects of firm size between these variables using logical reasoning. Due to the possibility of endogeneity, this study applies a two-step system GMM approach with data from 285 non-financial enterprises from PSX over a 21-year period. For robustness, we employed pooled OLS, fixed effect, and two-step difference GMM. Our data show that leverage has a detrimental impact on business performance, with size acting as a moderator in the same direction. Our analysis empirically supports some studies while refuting others due to inconsistent results in the literature, but no study has theoretically justified their negative link. We believe that because larger companies have more and easier access to capital markets, they focus primarily on the amount of return, even if the investment is inefficient in terms of the rate of return, but small businesses do not. As a result of this thinking, firm managers' performance suffers as a result of leverage.

• 유통과학연구
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• 제20권4호
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• pp.51-63
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• 2022

Purposes: The purpose of this study is to develop and test a possible model that investigates the relationships between green investment, CSR disclosure, social collaboration initiatives, and firm distribution performance to deal with environmental change because it's become the major stakeholder since it affects increasingly global company performance index. Research methodology: In this study a quantitative method was adopted. The 220 respondents were owners and managers of manufacturing enterprises from Indonesia. The structural equation model (SEM) was used to test the hypotheses, and the Partial Least Square (SmartPLS) was used as the data analysis tool. Findings: The study's finding shows that green investment has a significant effect on CSR disclosure, and CSR disclosure has a positive relationship with social collaborative initiatives and the firm's distribution performance. Similarly, social collaborative initiatives also significantly impact a firm's distribution performance. Limitations: This study uses variables that are still abstract and have not been able to regress the dimensions contained there into conclusion variables for each antecedent variable. In addition, this study only used a sample with a small scope, namely Central Java Province, Indonesia. Contribution: The findings of this study contribute to the body of literature in the field of organizational management and support the agency and stakeholder theories. For the practical contribution, this study provides the way to build and implement green-based investment strategies as a competitive edge and improve firm's distribution performance.

• 패션비즈니스
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• 제12권5호
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• pp.155-167
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• 2008

With globalization and competitive market environment, companies realize how marketing channels are important in order to survive and succeed the business. The importance of information management among channels is getting increased, and is needed for SCM. Nevertheless having hard situation to implement SCM, SCM for textile fashion industry engaged in small business mostly is the way to break through the difficulty on so many channels to go through from fiber to retail. Therefore, the purpose of this case study to L firm by using questionnaire based interviewing method was to investigate how textile fashion small business can implement the SCM with their own differentiated strategy differed from a large corporation. L firm conducted SCM-ISN (Information Service Network) under the restructuring project. So they could use electronic bidding system via internet and have information sharing with their partners such as retailers. Therefore, they could expand market share to Seoul and reduce inventory and manage their customer more effectively than before.

• 아태비즈니스연구
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• 제6권1호
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• pp.17-25
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• 2015

In this study, we identified the various mechanisms through which entrepreneurial orientation impacts firm performance. We proposed that entrepreneurial orientation assists organizations in building cultural, structural, human and technical knowledge capabilities, which in turn lead to sustainable competitive advantage. We tested our proposed hypothesis using data collected from 76 managers of small entrepreneurial firms. We found that cultural knowledge capabilities are the strongest mediators of entrepreneurial orientation and firm performance relationship. By bringing in knowledge capabilities in the literature of entrepreneurial orientation, we open new directions for research. Our findings have implications for theory as well as practice.

• 노동경제논집
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• 제41권4호
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• pp.63-105
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• 2018

본 연구에서는 기존 연구에서 고려하지 못한 직장 내 노동자 구성, 원 하청기업 여부, 성과급 지급 및 성과공유제도 실시 여부가 기업(또는 사업체) 규모 간 임금격차에 미친 영향을 분석하였다. 주요 결과는 다음과 같다. 첫째, 다양한 노동자 특성을 통제한 이후에도 규모가 큰 기업의 높은 고학력자 및 관리직 전문직 비율은 규모 간 임금격차를 확대시켰다. 둘째, 원 하청기업 간 임금격차는 기업규모 간 임금격차를 확대시키는 방향으로 작동하였다. 셋째, 규모가 작은 기업의 낮은 성과급 지급 및 소극적인 성과공유제도 도입은 규모 간 임금격차를 확대시켰다. 이러한 결과는 노동자 간 매칭효과, 원 하청기업 간 구조적 문제, 규모에 따른 성과공유 정도 차이가 기업규모 간 임금격차에 영향을 미치고 있음을 시사한다.

• 한국문헌정보학회지
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• 제16권
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• pp.281-327
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• 1989

This dissertation is presented in two major parts. The first part presented in Chapter 3 attempts to verify the major hypothesis of the present study that the research and development laboratories(hereafter referred to R&D laboratories), establishd withine industrial firms to develop new technologies needed for their own industrial activities, may have another but very important functions to bring information on the externally generated technologies to attention of their respective management decision makers, eventually resulting in the transfer of technology; and such information functions of the R&D laboratories may be better performed by well-organised laboratories than by poorly-organised ones. The second part presented in Chapters 4, 5, 6 and 7 discusses, after the preceding hypotheses has been verified, some desirable situations of the R&D laboratories in facilitating the flow of information on new technologies developed in the world into their industrial firms, centering on the organisational positions and the major fields of interest of the person in charge of the R&D centers, services of the library and technological information office supporting the R&D laboratories, and frequencies of direct contacts of research and development workers with experts in the world and of participation in various conferences, seminars, workshops, exhibitions, etc. Now that there is no recognised instrument and method available for direct measurement of volume of technological information transfered into a particular industrial firm, the number of technologies introduced into a given firm is employed in the present study as an analogous parametre indicating volume of technological information transfered into the firm during a particular period of time. A logical attempt to justify the use of the indirect paramentre is made in Chapter two. vidences needed to verify the hypotheses of the present study are collected through the various publications of the Korea Industrial Research Institutes and other agencies and institutions related to industrial research activities, and through responses to the questionnaire posted to a sample of the 66 R&D laboratories on 6 May 1987 and returned by 30 August of the same year. Some findings and conclusions made in the study are summarised as follows: (1) More information on externally developed technologies flows into the industrial firm with a R&D laboratory of its own than into the industrial firm without one, and naturally, more chances of transfer of technologies are given to the former than to the latter (see 3. 2) (2) After establishing an R&D laboratory, more technological information flows into the industrial firm than before establishing one (see 3. 3) (3) More technological information flows into the industrial firm with a well-organised R&D laboraory than into the firm with a poorly-organised one (see 3. 4) (4) More technological information flows into the ndustrial firm where the director of its R&D laboratory has status qualified to participate in the highest managerial decision making processes of the firm than into the industrial firm where the director does not have such status (see 4. 2) (5) More technological information flows into the industrial firm where the director of R&D laboratory does not hold other positions within the firm than into the industrial firm where the director holds other positions (see 4.3) (6) There is evidence showing that quantities of technological information transfered into industriali firms vary with the case that the major background of the director of the R&D laboratory is the same as the main field of R&D activities of his or her laboratery, the case that the director's background is partly related to the field of R&D activities of the laboratory, and the case that the director's major background is different from the field of R&D activities of the laboratory (see 4.4) (7) More technological information flows into the industrial firm with the director of its R&D laboratory appointed from among professional research and development workers than into the industrial firm with the director of its R&D laboratory appointed from among general managers (see 4.5) (8) More technological information flows into the industrial firm with its R&D laboratory which has established a library service unit within its own jurisdiction than into the industrial firm with its R&D laboratory which has established a library service unit within its own jurisdiction than into the industrial firm with its R&D laboratory which uses a library within the firm but outside the laboratory (see 5. 1) (9) More echnological information flows into the industrial firm with a technological information office of its own than into the industrial firm without such an office (see 5. 2) (10) More technological information flows into the industrial firm with a large research and development staff in its R&D laboratory than into the industrial firm with a small staff in its R&D laboratory (see 5. 2) (11) More technological information flows into the industrial firm with its R&D laboratory whose staff members more frequently contact experts in the conferences, seminars, symposiums, and workshops held in foreign countries and novelties in the world's major exhibitions than into the industrial firm with its R&D laboratory whose staff members less frequently contact such experts and novelties (see 6. 2 ; 6. 3)

• 경영과학
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• 제15권2호
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• pp.83-90
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• 1998

Today, ERP becomes very popular as a vehicle of implementing an integrated information system since this package not only facilitates reengineering but also provides the function of generating consolidated financial statements. Yet a successful introduction strategy on the integrated information system needs to be set up because ERP has weaknesses as well as strengths. The strengths include the prompt reaction to environmental changes, the integrated management of information, the adoption of open systems, and the selection of modules according to functionsl However, the weaknesses of ERP include the provision of only basic functions, the development of package on international standard processes, and possible disadvantages to small and medium-sized firms. This paper is to suggest recommendations on the implementation strategy of ERP as an integrated information system. According to the case study with Firm A that has successfully implemented an ERP package, the most significant advantage of adopting ERP was that Firm A was able to implement an integrated information system for only six months. Finally, this research generates suggestions, such as the importance of the project team structure, the sufficient amount of time for education, and the minimization of the package modification.

• Management Science and Financial Engineering
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• 제13권2호
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• pp.99-116
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• 2007

This paper considers the value of location in a linear city model and examines the product differentiation equilibrium of duopoly providing different benefits to consumers. We show that if the value of location is small, symmetric location equilibrium occurs where two firms follow the maximal differentiation principle. However, as the value of location increases, asymmetric location equilibrium occurs where the low-value-location firm moves to the high-value-location firm and thus adjusted maximal differentiation principle holds. We also investigate two different price leadership model and demonstrate the relationship between the value of location and the role of price leadership. In particular, we show that when the location value is high, the price leadership by high-value-location firm will appear as a unique equilibrium.

• 한국건설관리학회논문집
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• 제17권3호
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• pp.90-97
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• 2016

해외 시장에서 한국 건설기업들의 지속적인 성장에 힘입어 중소 중견기업 역시 눈에 띄게 성장 하였다. 중소 중견기업의 진출 형태 또한 기존 단일 하도급 위주의 프로젝트 수행에서 다수 원도급 위주의 프로젝트 수행으로 고도화 되고 있다. 하지만 수익률 측면에서 여전히 적자 현상에서 벗어나지 못하고 있다(대기업 5건 중 1건 적자, 중소기업 3건 중 1건 적자 공사). 이에 본 연구에서는 고도화된 진출형태에 따른 중소 중견기업의 다수프로젝트 관리방안을 도출하고자 한다. 1965년부터 시행된 8,000여 건의 해외건설 준공데이터 정보를 기반으로 프로젝트 통합리스크를 측정한다. 또한 통합리스크와 수익률간의 상관관계를 기반으로 기업별 최대로 허용할 수 있는 허용리스크 도출 알고리즘을 개발하였다. 3개 기업을 선정하여 이들 기업의 재무제표 분석을 수행하였으며 기업의 허용리스크 구간이 기업의 성과와 상관성이 있다는 것을 도출하였다. 허용리스크 측정을 통해 중소 중견 기업관점에서 다수프로젝트 관리를 위한 중요한 참고자료를 제시할 수 있을 것이라 기대한다.

• 기술혁신연구
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• 제24권2호
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• pp.143-175
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• 2016

본 연구는 기업 혁신 산업 특성이 기업의 전유전략에 미치는 영향을 특허와 영업비밀의 상대적 선호를 중심을 '한국기업혁신조사' 2005, 2010, 2014년 자료를 통해 분석하였다. 분석결과 벤처기업, 고기술산업에 속한 기업, 정부의 연구개발 자금지원을 받은 기업, 제품혁신 수행기업과 연구개발 지출이 높은 기업에서 특허를 영업비밀보다 상대적으로 선호하는 것으로 나타났다. 그러나 기업규모와 연구개발 협력여부는 통계적으로 유의한 영향을 미치지 않았다. 이는 산업별 특성을 고려한 전유제도 정책이 보다 효과적일 수 있다는 것을 보여준다. 높은 시장집중도를 가진 산업에 속한 기업들은 영업비밀을 선호하는 것으로 나타났으며, 이러한 특성은 소기업과 벤처기업에서 명확히 나타났다. 이는 선도기업의 전략적 특허출원의 증가가 소기업과 벤처기업의 특허활동을 제약할 수 있다는 것을 의미한다. 과도한 전략적 특허의 증가는 궁극적으로 소규모 기업들의 기술활동을 저해할 가능성이 있기 때문에 불필요한 전략적 특허의 남용을 방지할 수 있는 정책적 노력이 필요할 것이다.