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The Effects of the Industrial Property Rights on the Performance of Venture Companies
  • - Hae Wan Park (KyungHee University)
  • - Sang Yun Seo (KyungHee University)
  • - Yang Ho Nam (KyungHee University)
  • - Hoon Young Lee (KyungHee University)
[Abstract]
This paper analyzed the effects of industrial property rights on the performances of firms. We also compared their effects on the highly technology oriented firms such as information technology firms with those on the low-tech companies such as agricultural food companies. We also investigated how the CEO's entrepreneurship influenced the effects. For this research, we surveyed 374 venture firms and found some interesting results by analyzing the data using LISREL. First, both the technology innovation capabilities and the market-information orientation positively influence the industrial property rights. The construct of industrial property rights increased the technology commercialization capabilities. The technology commercialization capabilities affected the companies' performances which were measured by the employees' satisfaction and pride for their companies. Second, the technology innovation capabilities, the market-information orientation and technology commercialization capabilities were different depending on the CEO's orientation for entrepreneurship. The higher propensity for the entrepreneurship orientation induced the greater innovation capabilities, the market orientation and technology commercialization capabilities.
The Impact of Motivation for Acquiring Certification of QEHS Integrated Management System and Its Successful Factors on Organizational Performances
  • - Jong eon Lee (..)
  • - Young Hak Ko (..)
[Abstract]
The purpose of this research is to identify if motivation for acquiring certification of QEHS integrated management system and the successful factors from the system would impact on an organization. As the result, 21 modified hypothesis were came out after verifying the reliability and the suitability of the models based on 405 collected samples.
The result says: First, an educational training impacts on technology commercialization and
financial outcome, and job satisfaction. Second, products and their processes impact on
financial outcomes and job satisfaction. Last, the external motivation and the support the utives are significant in job satisfaction directly. It means that an educational training for members in an organization impacts on technology commercialization, financial outcomes, and job satisfaction the most.
Does public credit guarantee contribute to economic growth?: evidence from Korea
  • - HEA JIN LIM (Industrial Bank of Korea)
  • - SEUNG HOON YOO (Hoseo University)
[Abstract]
This paper examines the long-run and short-run causality issues between public credit guarantee (PCG) and economic growth in Korea by using the co-integration and vector error-correction models (VECM). The overall results show that there exists bi-directional causality between PCG and economic growth. This means that economic growth has negative effects on PCG supply and increasing PCG has positive effects on economic growth.
On the Changes of Governmental Roles for Nurturing Women's Entrepreneurship in Korea
  • - Yoo Jin Han (..)
[Abstract]
As the education level of women has improved and the number of women who started to work in knowledge-intensive industries has increased, it is regarded as a significant element to effectively utilize highly educated women's abilities for improving national competitiveness. Notwithstanding the numerous women participating in economic activities, women's businesses remains in producing low-value commodities and it is not considered important at a national level. Therefore, this research proposes two-strategic directions for changing the tendency of women's entrepreneurs from low value-added industries to high value-added ones. First of all, it is crucial that relevant ministries - higher than the Small and Medium Business Administration(SMBA), be more concerned about utilizing women resources. Secondly, those ministries should expand the support for starting venture businesses of the women whose educational background is higher and who retired from professional fields. This research considers that government promotes the major companies not only to employ women as CEO, but also to support their childbirth and nurturing.
The Effects of Entrepreneurial and Market Orientation and Implementation Strategies on Organizational Effectiveness in Technological Start-up Enterprise
  • - Jong Keon Lee (..)
  • - Jung Oun Park (..)
[Abstract]
This study examined the effects of entrepreneurial and market orientation and implementation strategies on organizational effectiveness in technology start-up enterprises. Market orientation has both proactive and responsive dimensions, and organizational effectiveness has both technology commercialization and start-up satisfaction. A survey of 320 companies in enterprises' breeding center was conducted with 131 turnouts. Result indicated that entrepreneurial orientation and responsive market orientation were positively related to the degree of technology commercialization and start-up satisfaction of the entrepreneurs. However, proactive market orientation and implementation strategy had no effect on technology commercialization and start-up satisfaction of the entrepreneurs. Finally, implications of the results were discussed.
An Empirical Study on the Management Performance of Korean Family-owned Business
  • - Jee In Jang (Chung Ang University)
  • - Choi Yong Seok (Chung Ang University)
  • - Byung Seop Yoon (Seoul University of Venture & Information)
[Abstract]
The research was conducted with the companies listed in the Korea Exchange after dividing them into family-owned and non family-owned businesses. Family-owned businesses are classified according to the method that Nam Yeong-Ho and Moon Sung-Joo applied to divided them in 2006 and 2007. The samples on this study are 2,593 companies derived from Kis-Value ¥± and Data Analysis, Retrieval and Transfer system (DART) from 2002 to 2008. The principal results on this study are as follow below.
First, out of the companies researched, there were more family- owned businesses than non family-owned businesses. Second, Tobin¡¯s Q was lower for family-owned businesses than that of non family -owned businesses. This means that family-owned business is impressive on the company's sales outcome, but family-owned business is lower than non family-owned business on the market value. Third, compared to its the rate of research and development cost, firm age were higher for family-owned businesses and its debt to equality ratio lower than that of non family-owned businesses. On the other hand, the size of the companies of family -owned businesses was smaller. Finally, the result from Regression Analysis through whether the business was family-owned and the controlled values, is said to statistically have positive influence on the ROA(Operating income, EBITDA)-whether the business was family-owned, but statistically have negative influence on the Tobin's Q.
An Empirical Study on the Effect of Entrepreneurial Orientation, Market Orientation and Location Orientation on the Business Performance - Focused on wholesale and retail business -
  • - Dong woo Yang (Hoseo Univercity)
  • - Young seok Kwon (Hoseo Univercity)
[Abstract]
According to Literature reviews, Market orientation is correlated with entrepreneurial orientation . The correlation is especially crucial for small businesses as a result of their limited resource base. However, studies have not adequately accounted for the joint effect of entrepreneurial orientation and market orientation on firm performance.
Past empirical studies suggested a strong positive interaction between entrepreneurial orientation and market orientation on firm performance. This study analyzed the relationship between entrepreneurial orientation and market orientation on firm performance in the small wholesale-retail sales business. The results says that entrepreneurial orientation and market orientation is not related to firm performance (financial performance in especial). More specifically, market orientation haven't any moderating effect between innovation of entrepreneurial orientation and firm performance in the field. We discuss and suggest managerial implications and this problems through this paper.
The Effect of Labor-Management Partnership on Corporate Competitiveness in Korean SMEs and Its Desired Direction
  • - Deog Ro Lee (Seowon University)
[Abstract]
Labor-management partnership is an innovative form of industrial relations. Its importance has been emphasized as one of ways to improve organizational performance and to become basis of company competitiveness.
Recently there has been also much attention to the partnership from managers, trade ists and labor policy makers in Korea. In retrospect, Korean companies have paid huge social costs stemmed from industrial conflicts, specially 6.29 declaration of democracy of 1987. In order to establish stable industrial relations, the Korean government has built a new form of industrial relations, which is called in the different terms, such as new industrial relations, innovative industrial relations, and new labor management culture. The new form of industrial relations puts an emphasis on labor-management partnership, which aims to achieve cooperative industrial relations and mutual gains to both sides of employers and employees through the successful business.
Despite those widely attentions on the labor-management partnership and numerous studies have been conducted at home and abroad, most of empirical studies about labor-management partnership have been conducted in narrative and qualitative analyses of case study. Therefore we needs to analyze closely which partnership practices affects its supposed outcomes such as company competitiveness.
In this context, the main purpose of this paper is to examine through a systematic analysis the impact on company competitiveness of the labor-management partnership in small and medium-sized enterprises that has been placed at the center of new industrial relations models in the USA and the European countries, such as the UK and Germany.
To accomplish this research objective, 194 labor-management cooperation companies in small and medium-sized firms were randomly ed and surveyed with questionnaire method. The results of the study using collected 77 questionnaires are summarized as follows.
First, labor-management partnership score of labor-management cooperation companies in Korea is slightly high from 3.64 to 4.00(5 point scale). Especially information sharing and investment in training ware high.
Second, fair financial rewards and investment in training have significant effects on the financial organizational performance in the positive direction, but employment security, information sharing, and management participation have no significant effects on the company competitiveness.
Third, I found that fair financial rewards only has significant effects on the nonfinancial organizational performance in the positive direction, but employment security, management participation, investment in training and information sharing have no significant effects on the company competitiveness in small and medium-sized enterprises.
This results show that as Large-scale downsizing layoffs were legalized and irregular workers dramatically increased, the workers' values were moving from lifetime employment to lifelong job.
The effect of government¡¯s policy fund promoting small businesses on management performance of local small businesses in Korea Department of Business Administration lecturer
[Abstract]
This study aims to analyze the effect of Korean central government¡¯s development funding on small businesses¡¯ overall performance and introduce related problems and implications. The results were summarized below.
First, the analysis of small businesses companies¡¯ general use of development fund shows that ¡®low interest rates¡¯ (mean=3.79) is the most important reason, followed by ¡®relatively long period of loan¡¯ (mean=3.43), ¡®more accessible in nature compared to bank loan¡¯ (mean=3.37) and ¡®funding decision criteria based on the business potential and level of technology rather than the past financial performance¡¯ (mean=3.34).
Second, the development funding on small businesses¡¯ support system positively effects management support, technology support and financing support criteria (p<.01 level).
Third, the development funding on small businesses¡¯ customer service system positively effects management support, technology support and financing support criteria (p<.01 level).
Fourth, the development funding on small businesses¡¯ regulatory process positively effects management support, establishment support, human resources support and financing support criteria (p<.05).
Fifth, the development funding on small businesses¡¯ has positive impact on overall support system, customer service system and regulatory process (p<.05).
The study shows that management support and financing support are two of the five factors (management support, establishment support, human resource support, technology support, financing support) that were consistently ed as main success factors. It proves that the government¡¯s development funding tremendously benefits management performance of local small businesses. Also, the fact that support system, customer service system and regulatory process all have positive effect on the management performance further confirms that the government's use of development funding immensely improves overall management performance of local small businesses¡¯ and at the same time, has performed beyond expectation.
Business Incubating Program in Silicon Valley
  • - Sangmoon Park (Kangwon National University)
[Abstract]
This study investigates the business incubating program operated by the City of the San Jose, a heart city of Silicon Valley. Previous research on business incubators and incubating programs has paid much attention on the characteristics of tenants new ventures, those of business incubators, and diverse relationships between business incubator' services and its tenant companies. There are few studies on motivations, governance structure and performances of business incubating programs operated by regional governments. Based on business incubating program of the City of San Jose, this paper traces motivations, development processes, governance structure, overall performances including recent restructuring of business incubating programs. Most of all, this study focuses on business incubating program objectives, different roles among key stake-holders and budget issues on incubating program. The results suggest policy implications on business incubating programs in Korea.
A Study on the Competencies of Successor Influencing The efficiency of Succession in Small and Medium Enterprise
  • - Jong Beom Moon (Konkuk University)
[Abstract]
A successful succession of small and medium enterprise is considered as one of the most important issue in small and medium enterprise management. In this study, I tried to figure out the main competencies of successor which effect on the successful management succession in small and medium enterprise through an empirical test.
In order to come true this purpose, I set up the competencies of successor such as job performance competency, network competency, family relationship management competency, and innovation competency as a independent variables.
Those variables were analyzed through regression analysis and accordingly, the influence of the competencies of successor on the efficiency of succession was investigated. The result of empirical nnalysis is that job performance competency and network competency had significant influence of the efficiency of succession.
In accordance with the empirical analysis results by the competencies of successor as described above, the competencies of successor were critical to the succession result.
Developing a company assessment support system on job seekers' priorities
  • - Choongseok Lee (..)
  • - Okhyun Ryou (..)
[Abstract]
This paper proposes a company assesment model and a support system called K-EPI which provides support for company assessment on job seeker's major concerning factors on job ion. The proposed system includes four main modules: (1) personalized support for job seeker, (2) company assessment, (3) occupational choice factors management, and (4) company information management. The assessment results can be used not only for recommending job-opening companies to job seekers but also for leveling up company's job-seeker attractiveness by making up for revealed weak points. In the long term perspective, we expect that the korean small and medium enterprises suffered from the human resource shortage will have more chances to hire a new employees easily and that job seekers will be provided a reasonable index for evaluating job-opening alternatives.