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- Park David S (Baekseok College)
- Kim Yoon Jeong (Hallym University)
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[논문다운받기]
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The purposes of this study is to investigate the relationship among CEO‘s Entrepreneurship in Venture Business, the Empowerment of Members and Organizational Effectiveness. CEO's Entrepreneurship variable consisted of Innovativeness, Risk-taking and Proactiveness. The factor of empowerment of Members are locus of control and competence. The concept of Organizational effectiveness composed of system approach and the contingency theory and it's variable consisted of job satisfaction and organizational commitment. Statistical methods are adapted Frequency, Factor Analysis and CFA(Confirmatory Factor Analysis) of LISREL.8 program. Refined Survey data are 412.
Major findings are as follows: CEO's Entrepreneurship(innovativeness, risk-taking and proactiveness) have significant related to the empowerment of members. The influence of CEO's Entrepreneurship and the empowerment of members to organizational effectiveness have partially supported. The empowerment of Members have significant related to job satisfaction and organizational involvement. Only Proactiveness variable of CEO's entrepreneurship have significant related to Organizational Effectiveness(job satisfaction and organizational involvement). Innovativeness and Risk taking variables are partially supported to influence to Organizational Effectiveness.
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- Hyuck Jun Song (Duksung Women's University)
- Jae Jun Kim (Ansan College)
- Oung Rak O (Soongsil University)
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[논문다운받기]
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We examine whether DEA(data envelopment analysis) efficiency has a significant influence on ROE(return on equity) and analyze whether venture firms differ from non-venture' firms in case of DEA efficiency on ROE.
Using 1,125 samples ed for the 5-year period from 1998 to 2002, we tested our hypothesis by multiple regression and our empirical results are as follows.
First, the coefficient on DEA efficiency of non-venture' firms is not all significantly positive, while the coefficient on DEA efficiency of venture's firms is significantly positive.
Second, the coefficient on DEA efficiency of venture's firms is higher than that on DEA efficiency of non-venture' firms.
In conclusion, we find the evidence that DEA efficiency of KOSDAQ firms is significantly positively related to ROE of those firms and also find that there is a significant difference between the coefficients on DEA efficiency of venture's firms and non-venture' firms.
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- Bong Young Hong (Seoul Women's Unviersity)
- Kang Jung Kim (Seoul Women's Unviersity)
- Kyo Youb Lee (Seoul Women's Unviersity)
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[논문다운받기]
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This study examines the technical efficiency, pure technical efficiency, and scale efficiency for all the software companies listed on the KOSDAQ by data envelopment analysis. Technical efficiency can be further decomposed into pure technical efficiency and scale efficiency. The results indicate that the main source of inefficiency is pure technical inefficiency rather than scale inefficiency. This research shows that DEA model can be used to establish policy guidelines and to support for operational decisions toward performance improvement.
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- Namjae Joe (Hanyang University)
- Kiho Park (Hanyang University)
- Sanghyuk Park (Chinju National University)
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[논문다운받기]
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Cyber trading help to exchange easily stocks for investors. For this reason, cyber trading has become the best interesting method of stock exchanges among them. Many investors, however, still use traditional methods such as offline or telephone trading. So, we try to identify mechanism of media ion about stock exchanges.
A field survey of 207 stock investors was conducted. Complete data was analyzed to determine relationship between factors of media richness theory and social influence theory and stock trading methods. As a result of this study, they were effected by media richness and social influence when they chose trading media.
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- Song Hyuck Jun (Duksung Women's University)
- Yi Bae Kim (Soongsil University)
- Oung Rak O (Soongsil University)
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[논문다운받기]
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This study examines the value-relevance of accounting earings, losses and net assets according to the sign of earnings information and also investigates whether there is a significant difference in value relevance and explanatory power. The implication of this study is to review the liquidation option hypothesis that value-relevance of accounting losses are temporary phenomena and accounting losses are less related to stock prices than accounting earnings in KOSDAQ market.
Our specific main findings are as follows: First, the value-relevance of accounting losses in listed firms and non-venture firms of KOSDAQ is less than that of accounting earnings and the explanatory power is also lower, which supports the firm liquidation option hypothesis. Second, accounting earnings as well as accounting losses are shown as irrelevant while net assets are shown as more relevant in case of loss venture KOSDAQ firms. Therefore, the value of venture KOSDAQ firms is recognized as abandonment option value rather than as solvency value. Finally, further analysis by partial liner regression shows that we cannot find the value-relevance of earnings information in all KOSDAQ venture firms but we can find the value-relevance of net assets in listed firms and KOSDAQ non-venture firm which the stock price of KOSDAQ venture firm are more significantly influenced by net assets rather than earnings information.
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- Lee Han Chul (SungKyunKwan University)
- Jung Jai Jin (Ewha Womans University)
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[논문다운받기]
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The e-learning industry, which accelerates the overall development of the IT industry, is a high value-added industry that produces synergy effects in cooperation with key industries such as IT. Effectively serving as a vital energy source for the Korean economy through its positive effects, such as employment creation. In particular, there is the real prospect that the Korean e-learning industry will gain ground in overseas markets and thus occupy them ahead of others, by advancing overseas in unison with the hypersonic network industry.
In this regard, this study aims to suggest some concrete ways in which to Korean e-learning companies can enhance their competitiveness. This is accomplished by positively verifying that some major representative methods of competitiveness enhancement, whose effectiveness has been proved in existing manufacturing and production systems, are also excellently effective for the e-learning enterprise. In effect, the study has positively applied and carried out such research on Korean e-learning enterprises.
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- Yang Hyun Bong (Research Fellow KIET)
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[논문다운받기]
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This study is to assess the overall operation and performance of Korean business incubator and to suggest possible government policies to systematically assist them.
For this purpose, this study examined the operational performances of 361 business incubators which 8 Korean government departments approved as of 2002, through direct interviews with government officials.
The criteria for the assessment are focused on appropriateness, efficiency and effectiveness ; ⅰ) Appropriateness to evaluate whether Korean government departments provided proper and sufficient assistance to the business incubators, ⅱ) Efficiency to evaluate whether they provided economically the various inputs to the business incubators, ⅲ) Effectiveness to evaluate whether they recorded desirable performances with reference to original goals.
The implications of this study are as follows : ⅰ) The readjustment of government support policies for business incubators, ⅱ) improving their operational effectiveness.
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