• Journal of Digital Convergence
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• v.19 no.8
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• pp.141-149
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• 2021

This study investigated the effect of accounting information on dividend policy as a measure of corporate conservatism from the perspective of the internal accounting management system. The verification is based on a sample of 543 companies listed on securities (excluding KOSDAQ and financial industry) among the Bank of Korea (2019) 「2018 Corporate Management Analysis」 and company analysis of the Korea Productivity Center (financial data disclosed as listed companies as a December settlement company) was composed. Using SPSS 22, empirical analysis was conducted using exploratory factor analysis and regression analysis. The first is the verification related to corporate conservatism and the role of dividend policy, and it is verification of whether internal accounting management influences financial decision-making. Second, if internal accounting management exists, it is a verification of how conservatism and investment policies (in-house reserve, debt borrowing, capital increase, dividends, etc.) affect the corporate value according to accounting information. As a result, from the perspective of the internal accounting management system, it was found that among the variables of accounting information, profitability can have a positive effect on corporate conservatism and dividend policy as a corporate valuation method of reinvestment. In addition, it has been proven that corporate conservatism has an effect on profitability-to-value through capital accumulation and reinvestment such as surplus and internal reserves. In the future, we will study and discuss the complementarity of corporate conservatism and dividend policy in relation to governance structure and improvement of the internal accounting management system.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.4
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• pp.26-39
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• 2016

Korea's main manufacturing industries, which have led its economy for the past three decades, are faced with a serious downturn and loss of competitive advantages due to the current economic depression, China's rise, and the drop of oil prices. Korean business firms must adopt the paradigm shift in their value strategies, along with a government-led industrial restructuring in order to gain sustainable competitive advantages. Business firms allocate their limited resources between value creation and value appropriation, however, what effect does strategic emphasis on value creation versus value appropriation have on a business firm's financial performance? This paper empirically addresses this issue by examining the effect of shifts in strategic emphasis on stock return. Furthermore, this study examines appropriate choices of strategic emphasis to gain differential financial performance. The data set used in this regression analysis comes from the KISLINE database of NICE Information Service. The variables that form the basis of this analysis are stock return, ROA, and Strategic Emphasis [(advertising expenditures-R&D expenditures)/assets]. The interactive effect with situational factors regarding the firm and the type of technological environment in which the firm is operating was also analyzed. Our results show that investors acknowledge a shift of strategic emphasis as a sign of stock valuation. In comparison to US, Korean business firms have weak value creation capabilities in high-technology industries, and weak value appropriation capabilities in low-technology industries. This proves Korean firms are fast followers in the global market. Our findings suggest that Korean firms have to adopt a balanced value strategy, nurturing value creation and developing value appropriation for overcoming the current economic downturn and becoming a first mover in the dawn of "Industry 4.0."

• Journal of the Korea Society of Computer and Information
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• v.6 no.2
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• pp.65-69
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• 2001

Edge detection is the most important process that belongs to the first step in image recognition or vision system and can determine the efficiency valuation. The edge detection with color images is very difficult. because color images have lots of information that contain not only general information representing shape, brightness and so on but also that representing colors. In this paper, we propose architecture of universalized Color Morphological Pyramids(CMP) which is able to give effective edge detection. Image pyramid architecture is a successive image sequence whose area ratio 2$\^$-1/(ι= 1, 2, . . . ,N) after filtering and subsampling of input image. In this technique, noise removed by sequential filtering and resolution is degraded by downsampling using CMP in various color spaces. After that, new level images are constructed that apply formula using distance of neighbor vectors in close level images and detection its image.

• Information Systems Review
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• v.5 no.1
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• pp.1-18
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• 2003

Many organizations experience that the value they gained from IT (information technology) investment is lower than they expected prior to the actual implementation of a system - the value gap between expected value and realized value from IT. Research on the barriers to the expectation and realization is of high importance both in practice and in IS research. This study analyzed such barriers observed in three companies that have adopted such IT systems as Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM) systems each. From analyses of the three companies we specifically identified eight types of barriers: barriers related to industry, organization, knowledge, resource, usage, competence, product, and safety. Common barriers among the three cases were classified into six types, e.g. lack of strategic mind-set, improper organizational structure, lack of human resource, etc. We expect that the results help managers in IS investment to minimize the valuation gap and maximize realized values.

• Communications for Statistical Applications and Methods
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• v.18 no.3
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• pp.287-294
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• 2011

Peer assessment is an educational valuation system that involves studying with a colleague and granting value to the progress made by the colleague. Although this method has many merits, there is also a drawback pertaining to calculating the mean of the scores that were granted to the levels of contribution. However, this has been improved upon by a diversified study. However, the concept of the chi-square test and p-value used in the preceding study is not easy individuals engaged in the industrial engineering field or education when using peer assessment. This study uses simple statistics like standard deviation, in addition to, investigating the availability of a suggested method as well as examples of utility and application. This study can contribute to increase the convenience of users through the use of convenience analysis and with this method.

• Proceedings of the Korea Water Resources Association Conference
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• 2006.05a
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• pp.259-263
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• 2006

정부주도의 연구개발 프로그램에 있어서 체계적인 평가가 필요하다는 점에 대해서는 그간 정부 및 민간에서 지속적으로 제기되어왔다. 이는 기술에 대한 중요성을 인식하면서 연구개발에 대한 민관의 절대적 자원투입은 급격하게 증가하여 온 반면, 질적인 효율성 측면에서 새로운 단계로의 도약이 필요하다는 광범위한 문제인식에 근거한 것이다. 하지만, 그간의 국내 기술평가는 크게 연구비 배정 등 경영-행정적인 목적을 가지고 행하여 온 평가와 연구개발진을 중심으로 연구대상 기술의 특성을 반영한 연구로 양분되어왔다. 즉, 평가의 항목이나 가중치 등의 선정에 있어서 기술개발 당사자와 경영자 및 평가전문가 간의 기술가치평가에 대한 격차가 크게 존재하여왔다. 1990년 이후 우리나라에서도 체계적인 기술가치평가의 필요성이 증대되면서 이에 대한 다양한 연구가 진행되었지만, 기존의 두 측면간의 격차는 크게 좁혀지지 못하고 있는 실정이다. 이는 기술가치 평가가 주로 투자용으로 치우침에 따라 경영적 측면이 강조되는 반면 기술개발자들이 중시하는 R&D 측면에서의 가치가 충분히 반영되지 못한 결과라고 할 수 있다. 따라서 많은 연구들이 본연의 가치를 충분히 입증받지 못하고, 단지 경영적인 측면에서 바라본 단편적인 이유로 사장되는 일이 발생하고 있다. 이를 막기 위해 기술적 측면과 경영적 측면이 함께 하는 학제간(interdisciplinary), 또는 기술-경제(Engineering-Economy) 가치평가 연구가 필요하다고 할 수 있다. 본 연구에서는 과학기술부의 21C 프론티어 사업 중 하나인 수자원의 지속적 확보기술개발사업단에서 개발 중인 수자원의 지속적 확보기술을 대상으로 기술가치평가 모형을 구축하였다. 수자원의 지속적 확보기술의 가치를 평가하기 위해서는 위에서 언급한 기존 기술가치 평가방법의 문제점을 해결해야 할 뿐만 아니라 추가로 공공재 및 필수재의 성격을 갖는 수자원의 특성을 반영할 수 있는 기술가치평가 모형의 구축이 요구된다. 이에 본 연구에서는 효율적인 R&D 투자 정책 수립과 정부정책수립에 기여하고자 AHP(Analytic Hierarchy Process, 계층 분석 과정)기법을 이용, 수자원의 지속적 확보기술의 특성에 따른 4개의 평가기준과 26개의 평가속성으로 이루어진 2단계 기술가치평가 모형을 구축하였으며 2개의 개별기술에 대한 시범적용을 실행하였다.

• Archives of design research
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• no.18
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• pp.15-23
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• 1996

Interior is composed of void spaces decided by many substances and the function of the spaces which creat its valuation. Accordingly interior space makes peculiar forms by synthesizing each interior elements and its abstractness. Therefore characteristic of the expressed word and symbolic system become interior wholeness. The focus of this paper is to analyze interior words and the symbolic systems scientifically. The content is composed of 5 major parts. The 1st and 2nd chapter deal with Introduction and the Characterization of Interior Design. Linguistic symbol and metaphor which decide Post-Modern interior style were studied in the 3rd chapter. In the 4th chapter. this paper analysed linguistic character of interior words which need to express character of tradition. decoration, and publicity, expccially through code and metaphor. Finally Thematic I-louse library interior space designed by Charles Jencks was linguistically researched as a study model.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.24 no.2
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• pp.16-26
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• 2010

The transmission valuation methodology we propose here captures the interaction between generation and transmission investment decisions recognizing that a transmission expansion can impact the profitability of new resources investment, so that a methodology should consider both the objectives of investors in resources and the transmission planner. In this perspective, this paper purports to develop the mixed-integer programming based transmission expansion planning optimization software, which is well designed to determine the construction time and place of new generators, transmission lines, and substations as well as their capacities to minimize total expenditures related to their investment and operations while meeting technical constraints such as capacity margin, constitution ratio of power resources, spinning reserves, energy and fuel constraints, transmission line outages and losses, pi-type branching, and so on. Finally, Garver's simple system is adopted to validate not simply the accuracy but the efficiency of the proposed model in this paper.

• Cartoon and Animation Studies
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• s.16
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• pp.79-99
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• 2009

The aim of the thesis is to examine why children comics books are not popular in Korea and how to analyze the causes for solution. The way for solving the problems is to make academic events and make a public opinion about children comic books. In the subject, we introduce children comic books and define them, actually when we do that, we have realized that most people misunderstand children comic books so we should change them to take the adventagement. Next, Through academic events, we have enumerated the variety of opinions. Mainly, we have concluded about the improvement of the misunderstanding comics. There are some prejudices of children comics. First, we are in a need of comics, that are very creative and sensitive. They are very important to develop children's character. Second, Korean people think, The most important part of the literature is a letter more than pictures, That causes not to develop motion pictures, cartoons and even plays. Third also, creative children comics don't effect not only studying but also children violence. Fourth, We can't ignore the prejudice of the comic books from parents, The main reason why comic books aren't popular in korea is the University entrance examination system that makes student like a studying meachine. The conculusion of this study is that We will educate Korean people to understand comic books and redefine them for development the comic books.

• Korean Journal of Construction Engineering and Management
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• v.11 no.2
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• pp.35-44
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• 2010

Currently, the unit price of public construction projects are not being evaluated appropriately for several reasons. First, the evaluation of the unit price differ per nature of the bidding process and its estimation process. In fact, pricing is determined to meet the total price in turnkey projects and to pass the low bid price deliberation process in unit price projects, and thus, such prices cannot be said to be reasonable prices per public project. After the contract is awarded, however, the prices determined without taking into consideration the characteristic of each bidding process and price estimate process are used for the valuation of progress payment, design changes, and escalation. Furthermore, this is also being applied to other low bid deliberation process as actual public project unit price, thereby affecting other processes as well. In effect, this system increases the risks for both the owner and the bidder who have determined the unit price. This research examines the risk factor and its extent in order to properly manage it in preparation for the future.