기업합병의 성과에 영향을 주는 요인에 대한 실증적 연구

김용갑 대한경영정보학회 2007 경영과 정보연구 Vol.23 No.-

In Korea, corporate merger activities were activated since 1980, and nowadays(particuarly since 1986) the changes in domestic and international economic circumstances have made corporate managers have strong interests in merger. Korea and America have different business environments and it is easily conceivable that there exists many differences in motives, methods, and effects of mergers between the two countries. According to recent studies on takeover bids in America, takeover bids have information effects, tax implications, and co-insurance effects, and the form of payment(cash versus securities), the relative size of target and bidder, the leverage effect, Tobin's q, number of bidders(single versus multiple bidder), the time period (before 1968, 1968-1980, 1981 and later), and the target firm reaction (hostile versus friendly) are important determinants of the magnitude of takeover gains and their distribution between targets and bidders at the announcement of takeover bids. This study examines the theory of takeover bids, the status quo and problems of merger in Korea, and then investigates how the announcement of merger are reflected in common stock returns of bidding firms, finally explores empirically the factors influencing abnormal returns of bidding firms' stock price. The hypotheses of this study are as follows ; Shareholders of bidding firms benefit from mergers. And common stock returns of bidding firms at the announcement of takeover bids, shows significant differences according to the condition of the ratio of target size relative to bidding firm, whether the target being a member of the conglomerate to which bidding firm belongs, whether the target being a listed company, the time period(before 1986, 1986, and later), the number of bidding firm's stock in exchange for a stock of the target, whether the merger being a horizontal and vertical merger or a conglomerate merger, and the ratios of debt to equity capital of target and bidding firm. The data analyzed in this study were drawn from public announcements of proposals to acquire a target firm by means of merger. The sample contains all bidding firms which were listed in the stock market and also engaged in successful mergers in the period 1980 through 1992 for which there are daily stock returns. A merger bid was considered successful if it resulted in a completed merger and the target firm disappeared as a separate entity. The final sample contains 113 acquiring firms. The research hypotheses examined in this study are tested by applying an event-type methodology similar to that described in Dodd and Warner. The ordinary-least-squares coefficients of the market-model regression were estimated over the period t=-135 to t=-16 relative to the date of the proposal's initial announcement, t=0. Daily abnormal common stock returns were calculated for each firm i over the interval t=-15 to t=+15. A daily average abnormal return(AR) for each day t was computed. Average cumulative abnormal returns() were also derived by summing the over various intervals. The expected values of and are zero in the absence of abnormal performance. The test statistics of and are based on the average standardized abnormal return() and the average standardized cumulative abnormal return (), respectively. Assuming that the individual abnormal returns are normal and independent across t and across securities, the statistics and which follow a unit-normal distribution(Dodd and Warner), are used to test the hypotheses that the average standardized abnormal returns and the average cumulative standardized abnormal returns equal zero.

한국 멥쌀떡 발달배경

김용갑 고려대학교 아세아문제연구원 2017 亞細亞硏究 Vol.60 No.4

Korean ‘Mepssal-Tteoks (rice cakes made of nonwaxy rice)’ are Baekseolgi, Garaetteok, Songpeon, Jeolpyun, Suktteok, Kong-pat tteok, and so on. ‘Mepssal(non-waxy rice)’ used to make these rice cakes is Japonica type rice. This rice is sticky and has a higher amylopectin percentage than that of Indica type rice. Koreans have been eating Mepssal-Tteoks since B.C. due to the influx of rice-field farming brought by people who migrated to the Korean peninsula from the southern part. The developmental background of the Mepssal-Tteok is based on the ease of processing by which the lump is formed by the sticky component of the Mepssl. It is also caused by the non-waxy grain culture of indigenous people who lived on the Korean peninsula, ecological characteristics of non-waxy paddies with high yield and genetic superiority, the Korean Peninsula climate suitable for growing Japonica type rice, and the development of the seasonal customs that increased the demand for rice cakes (tteoks). In addition, Confucian tradition of making rice cake with glutinous-millet and the emotion of ancient Koreans who adore white and have a negative perception of glutinous rice are included in the backgrounds. Rice-field farming culture that entered the Korean Peninsula and mepssal have become the foundation of Korean culture and Korean people. 한국의 멥쌀떡은 백설기, 가래떡(떡국), 송편, 절편, 쑥떡, 콩・팥떡 등으로 이들 떡은 찰 성분의 함량이 인디카보다 높은 자포니카 계열의 멥쌀로 만든다. 한민족(韓民族)은 수도작(水稻作)의 유입으로 기원전부터 멥쌀떡을 먹었다. 이들 떡의 발달 배경은 멥쌀이 지닌 찰진 성분에 의해 덩이가 형성되는 가공의 용이성에 기초한다. 여기에 한반도 선주민이 지녔던 메성의 잡곡문화, 많은 수확량과 유전적 우월성을 지닌 메벼의 생태적 특성, 그리고 자포니카 재배에 적합한 한반도의 기후 및 떡의 수요를 늘린 세시풍속 등의 발달을 들 수 있다. 찰기장으로 찰떡을 빚는 유교전통과 흰색을 숭상하고 찹쌀에 대해 부정적이었던 한민족의 옛정서도 배경에 속한다. 한반도에 유입된 수도작 문화와 멥쌀은 한민족 형성과 한문화(韓文化)의 토대가 됐다.

All Ceramic을 이용한 전치부 성형 심미보철

김용갑 대한치과기공학회 2005 대한치과기공학회지 Vol.27 No.1

일제강점기 『보통학교수신서』의 "조선"에 관한 서술변화 양상

김용갑,김순전 한국일본어문학회 2006 日本語文學 Vol.29 No.-

광섬유링 센서에서 유도되는 브루앤파의 혼돈 및 비안정화 현상

김용갑,김진수 대한전기학회 2004 전기학회논문지C Vol.53 No.6(C)

In this paper the effect of chaos induced instability in Brillouin-active fiber-ring sensor is described. The inherent optical feedback by the backscattered Stokes wave in optical fiber leads to instabilities in the form of optical chaos. The paradigm of optical chaos in fiber serves as a test for fundamental study of chaos and its suppression and exploitation in practical application in communication and sensing. At weak power, the nature of the Brillouin instability can occur at before threshold. At strong power, the temporal evolution above threshold is periodic and at higher intensity can become chaotic. The threshold for the Brillouin instability in fiber-ring sensor is much lower than the threshold of the normal Brillouin instability process.

Data Base Marketing에 따른 서비스 전략

김용갑 한국마케팅연구원 2001 마케팅 Vol.35 No.1

전략적 제휴ㆍ공생마케팅 활용방안과 실전 사례

김용갑 한국마케팅연구원 2006 마케팅 Vol.40 No.5

한국 방언 보전 방안 연구 : 무형문화재 지정 및 표준어 정책을 중심으로

김용갑 한국전통문화대학교 한국전통문화연구소 2017 한국전통문화연구 Vol.20 No.-

한국의 많은 방언(사투리)은 지역적 향토색과 한민족의 생활사 및 고 유어의 어원을 간직하고 있다. 또한 다수의 방언은 한민족의 형성과 역 사를 살필 수 있는 중요한 자료가 된다. 방언은 이처럼 문화재로서의 가치를 충분히 지니고 있다. 하지만 이 들 방언은 표준어 정책 등으로 말미암아 교양 없는 사람들이 시골에서나 사용하는 언어로 인식돼 그 사용층이 점차 감소하고 있고, 일부 어 휘는 이미 사멸했거나 사라질 위기에 처해있다. 이에 따라 방언을 보전 하고 지방의 고유한 방언사용을 늘려 한국어를 풍부하게 하기 위한 방 안 마련이 요구된다. 그 방안으로 방언의 무형문화재 지정과 표준어 정책 폐지 또는 복수 표준어제 도입, 그리고 ‘문화재보호법’, ‘무형문화재법’ 등의 보완이 필 요하다. 이를 위해 ‘문화재보호법’을 개정해 ‘지역공동체’를 전승주체로 인정하고, 무형문화재 대신 광의의 ‘무형문화유산’이라는 개념과 용어 사용을 문화재 관련법 내에 수용해 원형이 아닌, 전형(典型) 위주의 보전 과 계승책이 마련돼야 한다. Many Korean dialects retain local civic color, ethnic life history, and the etymology of their native language. A few dialects are also important material for the formation and history of the Korean people. Dialects, like above, have enough value as cultural property. These dialects, however, are perceived as languages used by uncultured people in the countryside and their use layer is gradually decreasing due to the standard language policy in Korea. In addition, some vocabularies of dialects are already dead or in danger of disappearing. Accordingly, it is required a plan which is to preserve dialects and make Korean language enrich by increasing the use of unique dialects of local areas. A few things are needed to designate dialects as an intangible cultural property, to abolish Korean standard language policy, to amend ‘Cultural Properties Protection Act’ and ‘Intangible Cultural Properties Act’, and introduction of multiple standard language system for preserving Korean dialects. It is, therefore, needed to recognize ‘local community’ as a communicator itself through revision of the ‘Cultural Properties Protection Act’. It is also required that inheritance and preservation which are centered on the typical type of the cultural heritage rather than the original one of it should be provided through accept the concept and the use of the term of ‘intangible cultural heritage’ instead of intangible cultural properties within the law concerning cultural properties.

OK Cashbag 서비스를 활용한 세일즈프로모션 응용사례

김용갑 한국마케팅연구원 2005 마케팅 Vol.39 No.11

구니키다 돗포(國木田獨步)의 「해돋이(日の出)」論 : 보편화된 영웅관을 중심으로 The view of universal hero

김용갑 韓國日本語文學會 2004 日本語文學 Vol.22 No.-

國木田獨步の「日の出」は發表誌が『敎育界』ということを意識したとも言われる.しかし,獨步は若いときから<眞の人間敎育とは何か>という問題に對して惱んできた.この,獨步自身の主體的で理想的な敎育の場が實踐される狀況と人物を設定して發表した作品が「日の出」である. 「日の出」の語り手である兒玉進五は片田舍の小學校卒の學歷で堂 と政治部記者として活動している.獨步は小學校出身でも堂 とした社會人として成長でき,社會的に力量を發揮できるということを見せるたもにわざわざと全面に押し出した語り手であると見なされる.これは獨步が學歷の重視の社會にたいして反抗を表すような印象を えていると考える. 「日の出」に登場している大島老人は重要な役割をしている.以前の獨步の作品では見られなった新しい老人象が浮周りにされている.また獨步は自身のいろいろな作品に登場する老人らの多樣な姿と行動の描寫を通じて老人に對する愛情を一貫性あるように貫徵させている.獨步はこのような老人らに對しても常に關心を持っていたゆえに彼の作品の中で多樣で新しい老人像を描き出すことができたこと考えられる. 獨步の英雄觀はカ-ライルから多くの影響を受けて形成された.超能力の所有者や飛び拔けた英雄豪傑が英雄という神格化された英雄觀から脫皮して,誰しも自身の仕事に沒頭して最善を盡す人こそ眞の英雄という普遍化された英雄觀を新しく主張している.獨步はこの英雄觀を深く認識して彼なりの普遍化された英雄觀を確立することになる.それは大島小學校の大島伸一校長先生が話している英雄觀として表れている. 作者獨步は眞の敎育が實現されていない現實を認識して,最も理想的な敎育者像として大島伸一先生と彼の英雄觀が敎育できる實踐場として「日の出」の舞臺であった大島小學校を夢見ていたと見られる.