• 아태비즈니스연구
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• 제11권2호
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• pp.173-188
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• 2020

Purpose - This study examines the determinants of offer price and short-term and long-term performance of small and medium-sized enterprise(SME) IPO stocks listed on the KOSDAQ during the period from July 2007 to December 2016. Design/methodology/approach - The SME IPO samples are classified into three categories of regular listing, technology-based special listing, and listing by merger with special purpose acquisition company(SPAC), whose results are compared each other and compared to the result for the KOSDAQ listing of large firms. Findings - From the point of SME management which attempts to list its company on the KOSDAQ, the listing by merger with SPAC is the most unfavorable, and the underpricing phenomenon of the technology-based special listing is severe in the second place. By contrast, IPO stock investors can earn the largest abnormal return by purchasing the SPAC which succeeds the merger with unlisted firm, and the next abnormal returns are obtained in the order of the IPO stocks of technology-based special listing, regular listing of SMEs, and regular listing of large firms. However, it is interesting to observe that the net buying ratio of individual investors is relatively large for the IPO stocks of regular listing of SMEs and large firms, which exhibit the long-term under-performance. Research implications or Originality - This result implies that the exceptional listing system such as the technology-based special listing or the listing by merger with SPAC cost the SMEs which bypass the complicated procedure of the regular listing.

• 디자인학연구
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• 제4권1호
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• pp.61-73
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• 1991

The exhibition activity that a company is rendering to their consumers for the purpose of advertisement, sales promotion and enhancement of company inage get more and more internationalized and specialized. A company is changing from mass production system to small quantity production of various kinds to meet consumer's individualization and differentiation. Also, a company is experiencing a major change in their marketing strategy. As the society is entering on Information Age, the contents that a company intends to give consumer may be different individually. If a consumer is informed wrong information of the goods, a company needs a place to meet consumer face to face where the consumer feels and understands the substance of the goods. This is the current characteristics of Exhibition Media. Based on the result of the current Special Exhibition home and abroad along with background and characteristics of special Exhibition, this study sets a following task reflecting the general trend of social, cultural and economic atmosphere. First, Current Exhibition Industry will be diversified into more Specialized Exhibition, while our Exhibition Industry is very shaky under severe international competition. Also, Exhibition Plan that involves with architecture, interior, graphic, industrial design and advertisement, etc., needs international competitiveness while enhancing identity of Exhibition Plan along with comprehensive marketing strategy in the future. Second, Among most of the local special Exhibitions which invite the general public are normally invited for company public relation contrary to those of U.S.A. and Europe. This signifies of our industrial and social structure's by-product. As the future exhibition become Information Com$$\mu$ication Exhibition which requires specialized technical explanation, the correct description of the goods should be set as a Judgement basis of Exhibition Plan. Third, In parallel with increase of the Exhibition, the equipment expenses of a company goes up continuously. In view of this, a study $$\mu$t be oriented for re-use and curtailment of expenditure of those equipment. Also, as the use of Assembly System B on the rise as a result of diversification of special Exhibition, a study on the development of new material & design for Exhibition Equipment only B required.

• 한국병원경영학회지
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• 제19권1호
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• pp.68-72
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• 2014

• 한국소음진동공학회:학술대회논문집
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• 한국소음진동공학회 2014년도 추계학술대회 논문집
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• pp.698-698
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• 2014

According to the analysis of special medical examination and work environment monitoring data, the rate of C1 and D1 on noise hazard exceeded 90% among those of total hazardous factors. The rate of company exceeding noise exposure limit was also more than 90%. The analysis result shows that main ages diagnosed with C1 and D1 was age of 50s. The majority scale company having workers diagnosed with C1 and D1 was the companies employing 5~49 workers. Types of industries which have a large number of companies exceeding noise exposure limit were automobile and trailer manufacturing, metal processing industry and primary metal manufacturing. A large number of work processes exceeding noise exposure limit were forming and processing work, cutting and bending work and grinding. To reduce the number of company exceeding noise exposure limit, the reduction counterplan should be focused on the type of industry and the work process which exceeded noise exposure limit frequently. However, the reduction counterplan is preemptively necessary to the type of industry and the work process which exceeded noise exposure limit consecutively if the purpose of reduction counterplan is not to merely reduce the number of company exceeding noise exposure limit but to abate workers' suffering from noise.

• 한국소음진동공학회논문집
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• 제25권1호
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• pp.5-12
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• 2015

According to the analysis of special medical examination and work environment monitoring data, the rate of C1 and D1 on noise hazard exceeded 90 % among those of total hazardous factors. The rate of company exceeding noise exposure limit was also more than 90 %. The analysis result shows that main ages diagnosed with C1 and D1 was age of 50s. The majority scale company having workers diagnosed with C1 and D1 was the companies employing 5~49 workers. Types of industries which have a large number of companies exceeding noise exposure limit were automobile and trailer manufacturing, metal processing industry and primary metal manufacturing. A large number of work processes exceeding noise exposure limit were forming and processing work, cutting and bending work and grinding. To reduce the number of company exceeding noise exposure limit, the reduction counterplan should be focused on the type of industry and the work process which exceeded noise exposure limit frequently. However, the reduction counterplan is preemptively necessary to the type of industry and the work process which exceeded noise exposure limit consecutively if the purpose of reduction counterplan is not to merely reduce the number of company exceeding noise exposure limit but to abate workers' suffering from noise.

• 경영과정보연구
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• 제33권2호
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• pp.263-279
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• 2014

기업인수목적회사(SPAC)는 기업합병만을 목적으로 하는 페이퍼 컴퍼니로 우회상장을 대신하여 투자자를 보호하려는 목적으로 2009년 우리 증시에 처음 도입되었다. 이후 2013년까지 국내 증시에 상장된 1기 SPAC은 총 22개로 이중 10개가 합병에 성공하였고, 나머지 12개는 기업합병을 하지 못하고 상장폐지되었다. SPAC의 상장에 앞서 공모규모는 약 200~300억원 정도였으며, 상장 초기 일부 SPAC은 주가 급등락을 겪기도 하였으나, 평균적으로 상장 이후 1년 시점에는 주가가 모집가격을 하회하다가 2년 시점에서는 모집가격 근처로 회복되는 패턴을 보였다. 기업합병에 성공한 SPAC의 경우 합병공시 이전 25일간의 공시효과를 살펴보면 누적평균초과수익률(CAAR)이 2.94%로 유의하게 나타났으며, 주주총회 전 25일부터 이후 20일까지의 CAAR도 10.60%로 유의한 주주 부의 증가를 나타냈다. 1기 SPAC을 통해 볼 때 SPAC에 대한 과다한 규제가 SPAC시장의 활성화를 저해한 측면이 있으며, 향후 SPAC의 활성화를 위해서는 이러한 규제들을 완화할 필요성이 있다.

• 기술경영경제학회:학술대회논문집
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• 기술경영경제학회 2006년도 제28회 동계학술발표회 논문집
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• pp.170-186
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• 2006

The guarantee funds for government policy fund, venture capital investment fund, technology guarantee debt are the core parts of the external financing system in the constant technology innovation company. However, the enterpriser's requirement to keep the technology innovation with minimized management intervention and policy maker's hope to advance technology development with clear operation of funds is enough to request for research of the project investment plan to the R&D project. This paper will analyze whether technology innovation company that creates cash flow prefers to the project investment as a financing program or not, and if prefers, what characters of company affect on this preference. The more the company that pursuit the additional R&D activity separated to on-going items becomes over the fixed size, the more prefers the project investment as future external fund-raising. Together with that, this paper suggests that we can apply the plan like special purpose vehicle, SWORD(Stock Warrant Off-Balance sheet R&D) and R&D Limited Partnership as R&D project investment policy, and improve the system itself.

• 한국건설관리학회논문집
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• 제14권3호
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• pp.167-175
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• 2013

정부는 2005년, 사회기반시설(SOC)에 대한 민간투자방식의 하나로 BTL(Build-Transfer-Lease)사업 방식 즉, 공공시설을 민간이 건설한 후 국가에 임대(Lease)하여 투자비를 회수하는 사업 방식을 도입하였지만 짧은 준비기간 등에 따른 경험부족으로 여러 가지 문제점을 발생시키고 있다. 특히, 건설소요비용과 성과요구수준서의 현실성 부족 등과 같은 심각한 문제로 인한 리스크 때문에 민간사업자가 BTL사업 참여를 기피하는 결과를 초래하고 있다. 이에 문제점 해결을 위해 일본의 선진 사례분석을 실시하여 시사점을 도출한 후 민간사업자 관점에서 민간사업자와 주무관청이 공통적으로 수용할 수 있는 합리적이고 실무적인 7가지 개선방법을 제시하였다. 본 연구의 결과는 민간사업자 관점에서 문제점 해결방안을 제시함으로써 BTL사업의 정책 및 제도의 합리적 개선을 가능하게 할 것이다. 따라서 궁극적으로는 민간사업자들의 적극적 참여를 유도함으로써 국내 BTL사업을 활성화시키는데 기여할 것으로 판단된다.

• 대한안전경영과학회지
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• 제16권3호
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• pp.133-143
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• 2014

The purpose of this article is to search stakeholders' recognition related to Fire Construction Surveillance system; a client(order), fire fighting officer, supervision company, construction company, design company, other. The paper provides 4 important things. Firstly, a client(order) suggested the lowest recognition in the needs about the need of separation order, that of contract for any construction work limited registered companies, and that of standard price for engineering.. Secondly, the design company is lowest recognition in guidance and control participating in construction-design phase. Thirdly, the design company is lowest in adjustment about manpower-allocation according to allocation criteria of technical manpower. Fourthly, a client(order) and supervision company are relatively lower than other stakeholder in necessity on special education and training system for auditor in fire protection construction. Almost all related matters are related to more or less stakeholders' interest.

• 한국산학기술학회논문지
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• 제14권9호
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• pp.4130-4135
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• 2013

본 논문은 석재의 표면 마감 시 다양한 패턴의 무늬를 가공하기 위한 전용기에 대한 연구이다. 기존의 평범한 무늬에 대하여 기능 및 예술성을 부여하여 석판의 활용 범위를 확대 발전시키고자 한다. 이에 본 연구에서는 Water-Jet을 이용하여 석재의 표면 가공 시 다양한 패턴에 대한 적용이 가능한 전용기를 개발하였다. 전용기는 석판을 이송하는 이송 기구, 다양한 패턴 무늬 생성을 위한 노즐 이송 기구, 초고압수를 이용한 멀티노즐 기구, 모션 제어를 위한 제어시스템, 그리고 패턴 무늬 선택을 위한 S/W로 구성되어 있다. 개발되어진 전용기에 대한 다양한 패턴 무늬에 대한 실험을 통하여 성능 평가를 하였다. 이를 통하여 다양한 종류의 패턴 무늬 가공이 가능하며, 가공 오차 ${\pm}0.5mm$의 정밀도를 갖는 전용기를 개발하였다.