새로운 기업 환경에 요구되는 성과측정 방안

신현대,Shin, Hyun-Dai 한국정보기술전략혁신학회 2004 情報學硏究 Vol.7 No.4

The main purpose of the present study are as follows: First, through the extensive literature review, we tried to find out environmental changes in the management thoughts. Second, as we found a new paradigm on valuation-oriented management thoughts, we argued that cost/management accounting information should play key roles in creating values. Third, we pointed out that when firms used only financial performance measurements, problems could take places. Finally, especially to promote the organizational effectiveness and efficiency, we stressed that firms should use the balanced scorecard approach in performance measurements of its own organizations and personnels.

회계이익 구성요소의 추가적 정보가치가 주식수익률에 미치는 영향

신현대,Shin, Hyun-Dai 한국정보기술전략혁신학회 2004 情報學硏究 Vol.7 No.3

This study examines the relation between accruals components of earnings and stock return. Earnings are decomposed into four components: discretionary accruals, nondiscretionary accruals, nondiscretionary income and cash flow from operations. Because reported earnings in financial statement consist of cash flow from operations plus total accruals. We decompose total accruals into a discretionary accruals and a nondiscretionary accruals separately. This paper examines the incremental informational content of discretionary accruals and nondiscretionary accruals components of net income by regressing return on earnings' components in multivariate models. The empirical analysis is conducted on a sample of 1,580 firm-years comprising 158 firms during 1991-2003. discretionary accruals are obtained by decomposing total accruals into discretionary and nondiscretionary accruals conponents, using a pooled variation of the Jones model(1991). These findings suggest that the discretionary accruals(measured using a variation the Jones model) is priced by the stock market. Specifically, the discretionary accruals and cash flow from operations are positively associated with the stock return, and also nondiscretionary income, discretionary accruals are positively associated with the stock return. While this result is consistent with the market prices the discretionary accruals because it captures value-relevant information. Additional test report evidence consistent with nondiscretionary accruals conveying information about the stock return.

법정관리기업의 회계이익과 자기자본 장부가치에 대한 상대적 주가배수 분석

신현대,Shin, Hyun-Dai 한국정보기술전략혁신학회 2005 情報學硏究 Vol.8 No.3

This study examines that pricing multiple on and incremental explanatory power of equity book value(earnings) increase(decrease) as financial health decrease. Test using a sample of 75 bankrupt firms and test using a cross-sectional, pooled sample both yield inference consistent with predictions. It is thus hypothesized that the more bankrupt time we, the higher(lower) pricing multiple book value of equity(earnings) obtained. Findings are robust to inclusion of for debt/assets ratio, ROA, and ROIC. Overall, the results is the hypothesis.

국내기업의 주요재무비율과 해외직접투자 간의 관련성

신현대(Shin Hyun-Dai) 한국국제회계학회 2011 국제회계연구 Vol.0 No.38

본 연구에서는 1990년부터 2009년 사이의 자료를 이용하여 국내 기업들의 수익성, 활동성, 자본구조를 나타내는 주요 재무비율을 추출하고 이러한 재무비율들이 해외직접투자와 어떠한 관련성을 갖고 있는지에 대하여 조사 및 분석을 시도하였다. 이러한 조사 및 분석의 노력에 따라 얻어진 결과는 다음과 같다. 첫째, 기업의 수익성을 나타내는 비율 중 총자산순이익율과 자기자본순이익율은 해외직접투자에 유의한 수준에서 “+”의 방향을 나타내었으나 매출액순이익율은 유의한 수준에서 “-”의 방향을 나타내었다. 이것은 해외직접투자는 기업의 수익성 제고에 기여하는 것이 분명하나, 수출을 위한 국가 간의 경쟁, 정부의 수출 지향적인 정책, 환율의 변동 등에 의해 매출액 대비 순이익은 도리어 낮아질 수 있음을 시사해 준다. 둘째, 기업의 활동성을 나타내는 비율 중 재고자산회전율은 해외직접투자에 유의한 수준에서 “+”의 방향을 나타내었으나 총자산회전율과 매출채권회전율은 해외직접투자에 통계적으로 유의하지 않았다. 이것은 해외직접투자가 재고자산의 원활한 회전을 촉진하여 매출 신장에 긍정적인 영향을 미치나 매출채권의 회수나 총자산의 회전과는 큰 관련성이 없음을 시사해 준다. 셋째, 기업의 자본구조 비율인 부채비율과 유동부채비율은 해외직접투자에 유의한 수준을 나타내지 않았다. 이것 또한 해외직접투자와 기업 자본 운용상의 자본구조와는 별다른 관련성이 없음을 시사해 준다. 한편, 이러한 국내기업의 주요재무비율과 해외직접투자 간의 관련성 고찰은 해외직접투자와 재무비율 상호간의 효과성에 대한 조사, 검증의 의미를 갖고 있다. 따라서 이에 대한 고찰은 바람직한 재무구조와 해외직접투자 방안에 관한 모색의 계기를 마련해 줄 수 있다. The purpose of the study is to investigate that the relevance of between major financial ratios and foreign direct investment in Korean companies. these data can be collected from 1990 to 2009 at Ecos for the study. financial ratios, which are used in data are profitability ratios, activity ratios, capital structure ratios. Meanwhile, The results of study can be summarized in the following. First, considering that statistically, though net income on total asset and net income on shareholders’ have significant positive effects on foreign direct investment. return on sales has significant negative effects on foreign direct investment. It shows us it could descent return on sales on foreign direct investment because of competition among countries, a policy of export drive, fluctuations in the exchange rate, although the foreign direct investment has contribution to generate profit taken as a whole. Second, though inventory turnover ratio has significant positive effects on foreign direct investment. asset turnover ratio and account receivable turnover ratio have not significant positive effects on foreign direct investment. It shows us foreign direct investment that has not relevance on asset turnover ratio and account receivable turnover ratio but inventory turnover ratio for promotion. Third, debt to equity and short term debt to equity have not relevance on foreign direct investment. It shows us to be not an important matter. According to the results it shows the necessity of the recognition about relevance between foreign direct investment and financial ratios that it can be important factor as growing and developing of firms. So it needs managing, coordinating, controlling.

학교환경과 학습자의 특성 요인이 학교생활만족 및 학업성취에 미치는 영향

신현대(Shin Hyun Dai),신재기(Shin Jai Ki) 글로벌경영학회 2009 글로벌경영학회지 Vol.6 No.1

본 연구에서는 학교환경요인으로서의 물리적 환경과 작용적 환경 그리고 학습자의 특성요인으로서의 학습자 관련 전공에 대한 비전, 소진경험, 학습능력 등이 학교생활만족과 학업성취에 어떠한 영향을 미치는지에 대하여 조사, 분석하였다. 이에 따라 본 연구를 통해서 얻어진 결과를 요약하면 다음과 같다. 첫째, 학교환경 요인인 물리적 환경, 작용적 환경 그리고 학습자특성 요인 중 전공에 대한 비전과 학습능력 등은 모두 학교생활만족에 정(+)의 상관관계를 나타낸다. 그러나 이때 학습자의 소 진경험은 학교생활만족과 부(-)의 상관관계를 나타낸다. 둘째, 물리적 환경, 작용적 환경, 전공에 대한 비전, 학습능력 등은 학업성취와의 상관관계가 유의하지 않았으나 소진경험은 학업성취와 부의 상관관계이다. 셋째, 학교생활만족은 학업성취와 정(+)의 상관관계를 나타낸다. 결국 학교의 물리적 환경, 작용적 환경, 학습자의 전공에 대한 비전, 소진경험, 학습능력 등은 학교생활만족에 영향을 미치고 학교생활만족은 학업성취에 영향을 미친다. 그런데 이때 물리적 환경, 작용적 환경, 전공에 대한 비전, 학습능력 등은 학업성취에 직접적으로 영향을 미치지 않고 학교생활만족을 매개변수로 하여 학업성취에 영향을 미치나 소진경험은 학교생활만족과 학업성취 모두에게 직접적으로 영향을 미친다. 이러한 결과를 통해서 학습자의 학교생활만족은 학업성취 고취에 필수적으로 요구되는 중요한 매개변수 중에 하나임을 인식할 수 있다. The purpose of the study is to investigate that the influence of scholastic achievement on the formed satisfaction of school life about taxation majors by physical environment, psychological circumstances, visions of job, exhaustion experiences, learning ability of taxation majors. The results of study can be summarized in the following. First, physical environment, psychological circumstances and visions of job, learning ability have positive effects on satisfaction of school life about taxation majors but exhaustion experiences have inverse effect on satisfaction of school life about taxation majors. Second, physical environment, psychological circumstances and visions of job, learning ability have not significant correlation with scholastic achievement but exhaustion experiences have inverse effect on scholastic achievement. Third, satisfaction of school life has positive effect on scholastic achievement. after all physical environment, psychological circumstances, visions of job, learning ability and exhaustion experiences affect satisfaction of school life. And then at this time satisfaction of school life affect scholastic achievement. By the way, physical environment, psychological circumstance and visions of job, learning ability don t directly affect scholastic achievement, they can affect scholastic achievement only through parameter that is named satisfaction of school life. however exhaustion experiences affect both satisfaction of school life and scholastic achievement. The above results show the necessity of the recognition about satisfaction of school life as a parameter. It is important to learn for scholastic achievement.

기업의 재무적 특성이 자본투자에 미치는 영향

신현대 ( Hyun Dai Shin ) 한국창업정보학회 2007 창업정보학회지 Vol.10 No.2

국내기업 재무상태와 경상수지 간의 관계성 고찰

신현대(Hyun-Dai Shin) 한국무역연구원 2015 무역연구 Vol.11 No.5

The purpose of the study is to investigate that the relationships of between the current balance and the financial status in Korean companies. Data used were collected from 1990 to 2013 at Ecos. The following variable were used the current balance, total capital investment efficiency, interest expenses, net income to total assets, gross value added to total assets, growth rate of total assets, debt ratio, ratio of investment turnover, net barter terms of trade index. Meanwhile, The results of study can be summarized as follows: First, growth rate of total assets has a positive effect on current balance. And Multiplied by the growth rate of total assets in net barter terms of trades index have a negative effect on current balance at a level significant. Second, debt ratio has a significant negative effects on current balance. And debt ratio which is multiplied net barter terms of trade index has significant positive affect on current balance. Third, the ratio of inventories turnover has a positive effect on current balance. And ratio of inventories turnover which is multiplied net barter terms of trade index has significant negative effect on current balance.

국내 주요 교역지표와 주당이익 간의 관련성

신현대(Hyun-Dai Shin) 한국무역연구원 2012 무역연구 Vol.8 No.1

The purpose of the study is to investigate that the relevance of between major Indicators of Trade and Earnings per share in Korean. these data can be collected from 1990 to 2009 at Ecos in Bank of Korea. What data have been that a current balance, terms of trade, foreign direct investment, balance of payment which is general goods, the exchange rate on America, earning per share etc as a variable. Meanwhile, The results of study can be summarized in the following. First, considering that statistically, a Current balance among the major Indicator of Trade has significant negative effects on Earnings per Share. It show us that Earning per Share as a Firm's performance and a Current balance have possibility inverse relationship each other. Second, Foreign direct investment among the major Indicator of Trade has not significant effects on Earnings per share. It can show us Earning per share has not relevance Foreign direct investment. so It need new approach about effect of Foreign direct investment as which are reviewed Third, Terms of trade among the major Indicator of Trade has also not significant effects on Earnings per share. It can have been raised a question that general thinking what Terms of trade has relevance a Firm's performance. Fourth, Balance of payment which is general goods among the major Indicator of Trade has significant positive effects on Earnings per Share. It show us Earning per share has relevance on balance of payment which is general goods by can be presume. Fifth, the Exchange rate on America among the major Indicator of Trade has also significant positive effects on Earnings per Share. so It need consideration on strategy of exchange rate on America. According to the results it shows the necessity of the recognition about relevance between major indicator of trade and earning per share that it can be important factor as growing and developing of economic.

기업 재무구조의 안정성과 일반상품 무역수지 간의 관련성

신현대(Hyun-Dai Shin) 한국무역연구원 2011 무역연구 Vol.7 No.3

The purpose of the study is to investigate that the Relevance of between Stability on financial structure and the Trade balance on tangible goods. This study was used from 1999 to 2009 in data as stability on capital structure by means of independent variable that the ratio of owner’s equity, debt ratio, current ratio, quick ratio, fixed ratio, ratio of fixed assets to stockholder’s equity and long-term liabilities. At this time, the dependent variable is a trade balance on tangible goods, which was used in data 1999-2009. In condition that we have got analyzing and researching about variable’s change. Due to the research, the results of study can be summarized in the following. First, ratio, stability on provider of capital have no significant effects on the trade balance of tangible goods. In other word, ratio of stability on provider of capital, which is ratio of owner’s equity, debt ratio that have noting effect on trade balance of tangible goods. It shows us that Rata of stability on provider of capital is not importance as a variable that is controlling for the trade balance of tangible goods. Second, ratio, stability on payment capacity also have no significant effects on the trade balance of tangible goods. In other word, ratio of stability on payment capacity which is current ratio, quick ratio that have noting effect on trade balance of tangible goods. It shows us that ratio of stability on payment capacity is not importance as a variable which is controlling for the trade balance of tangible goods, too. Third, though one of ratios, stability on fund use which is a fixed ratio has significant positive effect on trade balance on tangible goods. One of ratios, stability on fund use which is ratio of fixed assets to stockholder’s equity and long-term liabilities has no significant ‘positive or negative’ effects on trade balance of tangible goods. It shows us that It n wds a managing of positive for trade balance on tangible goods whwhiwhich has aggressive angi. One ed about fixed asset. One. One ment for fixed asset has initiative about export. According to the results, it shows the necessity of the recognition about Trade balance of tangible goods and Stability on financial structure. they can be important factors as grow and development of countries. So it needs managing, coordinating, controlling.

성과평가시스템 회계정보의 적합성이 종업원의 성격적 특성과 조직몰입에 미치는 영향

신현대 ( Hyun Dai Shin ) 한국창업정보학회 2007 창업정보학회지 Vol.10 No.3