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Determinants of Corporate R&D Investment: An Empirical Study Comparing Korea's IT Industry with Its Non-IT Industry

  • Lee, Myeong-Ho;Hwang, In-Jeong
    • ETRI Journal
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    • v.25 no.4
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    • pp.258-265
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    • 2003
  • In our study, we extracted the market, finance, and government factors determining R&D investment of individual firms in the IT industry in Korea. We collected the financial data of 515 individual firms belonging to IT and non-IT industries between 1980 and 1999 from the Korea Investors Service's database and investigated the empirical relationship between the factors using an ordinary regression model, a fixed effects model, and a random effects model. The main findings of our study are as follows: i) The Herfindahl Index variable representing the degree of market concentration is statistically insignificant in explaining R&D expenditures in the IT manufacturing industry. ii) Assets, which is used as a proxy variable for firm size, have a positive and statistically significant coefficient. These two results suggest that the Schumpeterian Hypothesis may be only partially applied to the IT manufacturing industry in Korea. iii) The dividend variable has a negative value and is statistically significant, indicating that a tendency of high dividends can restrict the internal cash flow for R&D investment. iv) The sales variable representing growth potential shows a positive coefficient. v) The subsidy as a proxy variable for governmental R&D promotion policies is positively correlated with R&D expenditure. This suggests that government policy has played a significant role in promoting R&D activities of IT firms in Korea since 1980. vi) Using a dummy variable, we verified that firms reduced their R&D investments to secure sufficient liquidity under the restructuring pressure during Korea's 1998 and 1999 economic crisis.

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Women's Role in the Context of Coping with Everyday Life : Challenges for Public and Privacy in Germany

  • Leonhauser, Ingid-Ute
    • International Journal of Human Ecology
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    • v.4 no.1
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    • pp.55-70
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    • 2003
  • The purpose of this paper is to describe the situation of everyday life of women and men in Germany and gender related aspects. Therefore social demographical data, presented tv the Office for European Statistics, Luxembourg and by German statistical data, are used. Based on this data the different roles, responsibilities, and social positions of women and men are interpreted in the context of the idea of mainstreaming gender. In comparison to other European countries, especially to the Scandinavian countries, the situation of women in Germany still has to be improved. It is a prevalent problem for women to arrange family life and working career, because the gender-related role-allocation is still an issue. Women, who are involved in looking after children, are significantly less engaged in business life, as for men caring does not make a difference, whether they are employed or not. In addition to this fact women on average earn less than men, especially for women working in higher positions. To improve the situation of women and men the German government has initiated a ‘Gender Mainstreaming Policy’ in 2000 and has taken important legal measures which make it possible to reconcile family-life and gainful employment. For Home Economists there is a need to integrate the gender dimension into a household analytical approach.

The Correlation between Work Ability Index and Workplace Injuries of Semi-Industrial Classification around North GyeongBuk Area (제조업 중업종별 재해율과 작업능력지수에 관한 연구 -경북북부지역을 중심으로-)

  • Choi, Won-Il;Kim, Sang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.16 no.1
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    • pp.129-138
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    • 2014
  • As S. Korea is becoming an "aged society", workers in the country would be exposed to higher risk of workplace injuries due to their reducing work abilities as they are getting old. To identify the relationship between the work ability and the incident rate of workplace injuries, the work ability index (WAI) scores were surveyed from 409 workers occupied in different manufacturing industries reside on north GyoengBuk area. The workplace injury statistics in the year of 2010 for the corresponding industries were analyzed and summarized with the WAI scores by age groups, years of service, and sizes of business. The results showed the WAI scores of the workers occupied in the higher risk of workplace injury was lower than that of the workers of the lower risk. It means the lower the WAI score, the higher the chance of being injured during the task. It is concluded that appropriate correlation exists between the WAI scores of workers and the incident rate of workplace injury. It is recommended to administrate individual work abilities of aged workers in order to keep low rate of workplace injuries in upcoming aged and highly aged society.

A WEB-BASED PROJECT MANAGEMENT SYSTEM FOR GOVERNMENT R&D PROGRAMS (국가 연구개발을 위한 웹기반의 과제관리 시스템)

  • 손권중
    • Proceedings of the Technology Innovation Conference
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    • 2003.06a
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    • pp.108-115
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    • 2003
  • Government R&D Project Management in Korea has had considerable difficulties because of the lack of project monitoring systems and insufficient communication. The National Program for Tera-level Nanodevices (TND Program) is a ten-year R&D program for commercialization in the area of nano technology. Collaboration and communication among the various participants such as business companies, universities, and government R&D institutes are key success factors in this R&D program. TND Program office has developed a Web-based project management system. This system consists of mostly four sub-management functions: (1) Milestones management of all R&D projects; (2) DR (Design Review) management as the mechanism for checking the performance against milestones; (3) Project activity management using the WBS (Work Breakdown Structure); (4) Budget management. Additionally, it also has many R&D supporting functions such as technology information bulletin board, community management, and visual summary of project progress and performance. This system is effective for monitoring research project as well as measuring project performance of the overall research program. This Web-based system has become the useful tool of R&D moving target mechanism and effective communication and collaboration tool. System features and adoption process of the system are also suggested.

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Women's role in the context of coping with everyday life: Challenges for public and privacy. The German situation

  • Leonhauer, Ingrid-Ute
    • Proceedings of KHEA Conference
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    • 2003.04a
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    • pp.1-11
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    • 2003
  • The purpose of this paper is to describe the situation of everyday life of women and men in Germany and gender related aspects. Therefore social demographical data, presented by the Office for European Statistics, Luxembourg and by German statistical data, are used. Based on this data the different roles, responsibilities, and social positions of women and men are interpreted in the context of the idea of mainstreaming gender. In comparison to other European countries, especially to the Scandinavian countries, the situation of women in Germany still has to be improved. It is a prevalent problem for women to arrange family life and working career, because the gender-related role-allocationis still an issue. Women, who are involved in looking after children, are significantly less engaged in business life, as for men caring does not make a difference, whether they are employed or not. In addition to this fact women on average earn less than men, especially for women working in higher positions. To improve the situation of women and men the German government has initiated a 'Gender Mainstreaming Policy' in 2000 and has taken important legal measures which make it possible to reconcile family-life and gainful employment. For Home Economists there is a need to integrate the gender dimension into a household analytical approach.

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Impact of Exchange Rate Shocks, Inward FDI and Import on Export Performance: A Cointegration Analysis

  • NGUYEN, Van Chien;DO, Thi Tuyet
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.4
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    • pp.163-171
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    • 2020
  • The study aims to examine the effects of inward every presence of foreign investment, import, and real exchange rate shocks on export performance in Vietnam. This study employs a time-series sample dataset in the period of 2009 - 2018. All data are collected from the General Statistics Office of Ministry of Planning and Investment in Vietnam, World Development Indicator and Ministry of Finance, State Bank of Vietnam. This study employs the Augmented Dickey-Fuller test and the vector error correction model with the analysis of cointegration. The results demonstrate that a higher value of import significantly accelerates export performance in the short run, but insignificantly generates in the long run. When the volume of registered foreign investment goes up, the export performance will predominantly decrease in the both short run and long run. Historically, countries worldwide are more likely to devaluate their currencies in order to support export performance. According to the study, the exchange rate volatility has an effect on the external trade in the long run but no effect in the short run. Finally, Vietnam's export performance converges on its long-run equilibrium by roughly 6.3% with the speed adjustment via a combination of import, every presence of foreign investment, and real exchange rate fluctuations.

Leadership Styles and Customer Loyalty: A Lesson from Emerging Southeast Asia's Airlines Industry

  • RIZAN, Mohamad;WAROKKA, Ari;WIBOWO, Agus;FEBRILIA, Ika
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.477-488
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    • 2020
  • This study provides the empirical testing to test the influences of contemporary leadership styles (i.e., transactional and transformational) on job satisfaction and customer satisfaction as the mediating variable between job satisfaction and customer loyalty. The approach utilized in this study was a quantitative research design using a survey model. The participants of this study were recruited from 160 front-liners in the airline's industry in Indonesia. This study employed 160 front liners (flight attendants, reservation/ticketing, and check-in-counter officers) who worked in Branch Office/General Sales Agent of Indonesian commercial airlines. The studied airlines serve domestic routes based at Soekarno-Hatta International Airport. Furthermore, the data were examined the four developed hypotheses by using Structural Equation Modeling (SEM). The primary results are: First, in the context of job satisfaction, both leadership styles (i.e., transactional and transformational) have similar influences; Second, job satisfaction affects customer satisfaction positively and significant, Third, customer loyalty is driven by passengers' satisfaction when they are utilizing the airline services. The findings imply that the working-role encouragement is essential to maximize the productivity of front-liners to serve their customer well. This research supports on developing the general knowledge based on leadership styles in the context of the airline's industry in managing the human resources strategically.

Factors Affecting Foreign Direct Investment: Evidence on Tay Ninh Province

  • TRAN, Thinh Quoc;DANG, Tuan Anh;TRAN, Ngoc Anh Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.263-269
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    • 2020
  • The purpose of this paper is to examine the impact of consumer price index, infrastructure, human resources, trade openness, and private credit on the attraction of foreign direct investment (FDI) in Tay Ninh province as well as to emphasize the important role of FDI in economic growth of developing areas. The research data was collected from Tay Ninh Statistical Office with 80 samples of a 20-year period from 2000 to 2019. Also, OLS regression method using Eviews software was employed to analyze the data obtained. The findings revealed that human resources, infrastructure and private credit have a positive and significant impact on FDI attraction in Tay Ninh province, while consumer price index was proven to affect FDI attraction negatively. Accordingly, competent authorities of Tay Ninh province should focus on stabilizing prices as well as implementing policies for developing local human resources and attracting high-quality personnel from foreign countries. Tay Ninh province also needs to pay more attention to information technology investment for synchronous development of infrastructure. Moreover, the State Bank of Tay Ninh branch needs to consider more credit sources to provide support packages for businesses, creating a strong basis for establishments to attract FDI for the province's economic development.

Mothers' Time Use in Child Care and Market Child Care Services Depending on Their Employment Status (유아기자녀를 둔 어머니의 종사상지위별 자녀돌보기 시간사용과 유료 자녀양육서비스 선택)

  • Cha, Sung-Lan
    • Korean Journal of Human Ecology
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    • v.15 no.3
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    • pp.373-384
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    • 2006
  • This study analysed the effect of mothers' work status on time use in child care and use of market child care services. There were two major questions: Do self-employed (and family worker without being paid) mothers have a flexible work schedule and so can they care her child(ren) well? If it is true, is the work status as self-employee related to non-market child care services? To answer these questions, 1,196 samples were selected from the Time Use Data of 1999, which had been administered by Korea National Statistical Office. Major results were as follows: First, a mother who is family workers without being paid made time to care children frequently more than wage earners. Second, according to regression analysis, mothers' work status was one of the important variables to explain child care activity frequency. Third, among categories of child caring ('physical caring', 'non-physical caring', and 'caring of the others'), mothers spent more frequently in 'caring of the others', and had higher probability to use market child care services. But the more frequently a mother made time in 'non-physical caring' for her child, the lower probability to choose market child care services. In conclusion, it was certain that self-employed mothers benefit from a flexible time schedule at work places. But the relationship of child care activity frequency with use of market child care services was inconsistent.

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The Representation of Seong-An Streetscape in the 1960s' Cheongju (1960년대 청주 성안길 가로경관의 재현)

  • Kim, Tai-Young;Kim, Se Jin
    • Journal of the Korean Institute of Rural Architecture
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    • v.16 no.1
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    • pp.63-70
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    • 2014
  • This study is aimed to represent the streetscape in 1960s' focused on Seong-An street of Cheong-ju through the existing business types and buildings, literature, photo details, and interview of the longest-term householders. Results of this study are as follows : Firstly, the types of 1st-floor shops were diverse with general merchandise, apparel, medical, bank, restaurant, and etc in 1960s'. The present shops of them are 'Dong-kwang lasa', 'Jung-geum dang', 'Cheong-ju pharmacy' including the existing 'the Korea development', 'Korea first', and 'Woori' bank. Secondly, the streetscape around post office looks just as it did in the old 1960s'. In the other section the present typical buildings are 'Namseon pharmacy ', 'Kukje department', 'Samyang shop', 'Daeyang shop', 'Park shop', and etc. These old 3-4story buildings are reinforced concrete in contrasted with the former wooden and masonry in structure, and converted in use and appearance. Thirdly, the streetscape of Seong-An is ultimately represented by presuming the other buildings and equipments through aerial and street photograph in the old 1960s'.