전북대학교
Abstract
The purpose of this study was to investigate how innovative SMEs show the environmental factors of technological business as technological achievements, and eventually lead to economic performance, leading to business stabilization or insolvency. As a key element of the technology business environment, how the CEO's technical capabilities, professional roles and cooperation of key executives, and the feasibility of a technology business investment plan affect the technological competitiveness of the company, furthermore, the company's financial soundness or potential for insolvency An empirical analysis was conducted on the effect on. As a result of analysis, the higher the level of cooperative relationship with the CEO through efficient teamwork through specialization and proper role-sharing of key executives among technical competency, and the establishment of a reasonable investment plan such as R&D and equipment investment in accordance with the technology business plan In addition, it was confirmed that the better the funding and repayment ability, the better the technological competitiveness of the company to transform into a technology-intensive company and improve overall financial management performance such as profitability, growth, and activity to stabilize the business. In particular, it was confirmed that strengthening technological competitiveness through steady R&D investment in technological innovation and accumulation of know-how is a necessary condition for business success that must be supported in terms of long-term and gradual growth as a going-concern.
Keyword: technology competency, technology business feasibility, technology competitiveness, default risk, financial soundness
Abstract
Since the 2008 global financial crisis, regulations on lending have been reinforced in order to curb the growth of household debts. This paper analyses how banks adjust their loan portfolios in response to stricter regulations on lending and macroeconomic effects of the adjustments in lending. To do so, this paper adopts two approaches. First, I utilize bank-level panel data from 2010:Q4 to 2018:Q1 by employing a Difference-in-Differences method. Next, using quarterly macroeconomic data I do a FAVAR analysis for the period 2008:Q1 to 2018:Q1. The paper finds evidence that banks reduce household loan portfolios in responding to strong regulation measures on household loans and that banks’behaviors of adjusting their loan portfolios seem heterogeneous depending on performance measures such as delinquency ratios and capital ratios. The FAVAR analyses show that enlarging household portfolios of banks result in undesirable macroeconomic performance such as inflation, lower growth rate, and higher interest rates, although these results disappear relatively quickly. On the other hand, the expansion of corporate loan portfolios lead to expansion of the economy. In sum, if the government implements stronger regulation on household loans, household loan portfolios would shrink and corporate loan portfolios of banks grow, which would result in an economic expansion in Korea.
Keyword: bank regulation, household debt, housing price bubble, loan portfolio
Abstract
This study is intended to research what effects the coverage settings of accounts receivable insurance have on a company’s financial performance and to deduce implications targeting small and medium sized companies, which make up the greatest portion in domestic economy. Specifically, the study analyzes the effects of accounts receivable insurance coverage of companies for external audit that bought accounts receivable insurance on insolvency, sales growth and the net profit to net worth ratio from 2013 to 2017. Additional analysis is done on manufacturing businesses and non-manufacturing businesses separately. The accounts receivable insurance prevents chain bankruptcy by paying insurance when a company makes a loss due to nonpayment of credit transaction, performing the function of safety net in management. In the result of the analysis based on this recognition, the coverage of accounts receivable insurance significantly reduced the insolvency probability. It had a negative effect on growth, but had no significant effect on profitability. In the result of analysis by separating manufacturing businesses and non-manufacturing businesses, the coverage reduced the insolvency probability of both businesses. The coverage had a negative effect on the growth of manufacturing businesses and the profitability of non-manufacturing businesses, but had a positive effect on the profitability of manufacturing businesses. Considering these results, it is important to make efforts to expand the base of accounts receivable insurance in many ways.
Keyword: account receivables insurance, coverage, financial performance, logistic analysis, regression analysis
Namkyun Kim,Miok Kim, JunHo Chae
Abstract
This study confirms how authentic leadership effects the job engagement and turnover intention of employees. The results of this study are as follows. First, it is assumed that authentic leadership has a positive effect on job engagement and turnover intention. In addition, LMX was supposed to have a moderating effect on job engagement and turnover intention. In order to verify the hypothesis, we conducted a questionnaire survey on Korea Electric Power Corporation (KEPCO) members who are public corporations and conducted a regression analysis with 427 items. The sample target was expanded to a member of the market-type State-owned enterprise(SOE). As a result of the verification, authentic leadership effects job engagement and turnover intention. LMX has a significant effect on job engagement. Turnover intention was proved to have no moderating effect. It is confirmed that LMX of the KEPCO organizational structure of public corporation does not affect turnover intentions. Therefore, It was confirmed that the measurement of organizational effectiveness such as job engagement and turnover intention varied according to the sample object. Accumulation of empirical research is essential to secure the theoretical, logical, and practical grounds for authentic leadership. Repeat the same selection of the members of the various organizations bureaucratized research groups in the sample is expected to have a significant meaning. Continuous research using various performance variables is also necessary. This continuous research result will be the basis for the development and settlement of the authentic leadership type. These findings accumulate empirical evidence for authentic leadership. It will be the basic data to understand authentic leadership. The establishment of authentic leadership theory suitable for domestic environment and consensus will be formed and spread.
Keyword: authentic leadership, LMX, job engagement, turnover intention
Wonsu Kim, GiRyung Song, KIM， KyongSeok Kim
Abstract
The concept of unethical pro-organizational behavior (UPB) is a relatively recent research issue compared to other employee behaviors. This concept has recently drawn the attention of many researchers despite its short history due to its unique nature of being pro-organization and at the same time unethical. In particular, researchers are focused on exploring the various antecedents of this behavior. In this context, this study is conducted with three purposes: First, we would like to look at organizational commitment as a predictor for UPB, Focusing on the fact that existing research related to this was conducted in Western cultures such as Poland, we will investigate the relationship between the two variables in Korean organizational culture. Second, the effect of organizational commitment on the UPB is identified by dividing it into three sub-dimensions such as affective commitment, continuous commitment, and normative commitment. Each of the sub-dimensions of organizational commitment has different features, so the effect is discriminated against. Third, the moderating effect of conscientiousness is analyzed together. As mentioned, UPB has both pro-organization and unethical-ness. Thus, by looking at the effects of interaction with conscientiousness, not just organizational commitment, we gain more information about the expression of UPB. The analysis was conducted on 203 Korean corporate workers. The analysis showed that among the three commitments, continuous commitments and normative commitments alone positively affect UPB without interaction effect with conscientiousness, and affective commitment has negative effect on UPB through interaction effect with conscientiousness. In addition, the incremental coefficient of determination of continuous commitment and normative commitment was also significant. This study offers implications. First, comparing to the existing study on the relationship between organizational commitment and UPB, this study tells that there are some different point on the relationship according to the cultural context such as western culture and Korean culture. Second, sub-dimensions of organizational commitment have different effect on UPB and especially affective commitment has interactive effect with conscientiousness.
Keyword: UPB, organizational commitment, affective commitment, continuous commitments, normative commitments, conscientiousness
Yesmin, Most. Nirufer, Hossain, Md. Alamgir,Minho Kim,Hossain
Abstract
Social commerce (S-commerce) is a new movement of electronic commerce (e-commerce) channeled via social media which brought together online and offline environments. Due to the huge user base and the fastest accessibility of social media, s-commerce has come to be a new vicinity of pastime for practitioners and researchers. A systematic review approach was applied to collect data from s-commerce literature, including different academic articles published from 2006-2019. We review the history, definition, dimension of s-commerce. This paper explores various de?nitions of s-commerce and seven dimensions of it that will help to promote and sell products and services. This study ends with some effective guidelines for future s-commerce that would create significant value for sustainable development, and demonstrate that s-commerce is an admirable vehicle for creating social value in the form of social engagement.
Keyword: social commerce, social shopping, social networking site, e-commerce