Logistics Performance, Export, Agricultural, Manufacturing, and Aggregate Economic Growth: A Focus on Sectoral Perspectives

Zewdie Habte Shikur 중앙대학교 경제연구소 2022 Journal of Economic Development Vol.47 No.3

The studies on the impact of logistics performance on economic growth remain inconclusive. The earlier few studies examined the links based on the presumption of aggregate economic growth, arguing each economic sector reacts uniformly to logistics infrastructure development. However, the extent of each logistics performance impact may not necessarily remain the same across sectors. Therefore, this study examines the effect of each logistics performance dimension on aggregate economic growth, agricultural growth, and manufacturing growth in emerging countries using the Generalized Method of Moments (GMM). The study also compares each dimension of logistics performance between African and other emerging countries using descriptive statistics. In terms of each logistics performance dimension, the results showed that other developing nations owned better than African nations. According to the study, export is significantly and positively correlated with overall and sectoral economic growth in developing nations. The findings reveal that shipment, customs clearance, tracking and tracing, logistics services, and infrastructure have a positive impact on agricultural growth, manufacturing growth, and aggregate economic growth. However, the magnitude and level of significance of the coefficients of each dimension of logistics performance vary across sectors. Logistics infrastructures are more important for manufacturing growth and aggregate economic growth than for agricultural growth. The heterogeneity of the study's findings suggests that the importance and size of the relationship between economic growth and logistics performance depend on sectoral policies, economic policies, and other contexts. Therefore, investments in logistics services could help accelerate agricultural growth, manufacturing growth, and aggregate economic growth.

코스닥 상장 기업의 혁신성과가 재무분석가 예측치에 미치는 영향

이기세,안미강 한국세무학회 2024 세무와 회계저널 Vol.25 No.1

As the economic situation begins to improve after COVID-19, interest in job creation and economic recovery is increasing. Accordingly, this study aims to verify how information users evaluate high-growth firms that show high growth in sales and employment. High-growth firms that create innovation performance can be highly desirable for investment due to their rapid growth rate and high performance reports. Additionally, investors become interested in highgrowth firms that show innovative performance. Investors demand information, and financial analysts announce forecasts for high-growth firms based on these investors’ demands. Therefore, verifying the relationship between high-growth firms and financial analyst forecasts can provide an opportunity to determine how users of external information reflect innovation performance in investment decisions. We also examined whether intangible assets affect financial analyst forecasts of high-growth firms. The sample firms are those listed on the KOSDAQ from 2011 to 2019, and the proxy for innovation performance was measured by whether or not they were selected as high-growth firms announced by the STEPI. As a result of analyzing the effect of the selection of high-growth firms and intangible assets on financial analysts forecasts, the forecast bias of financial analysts for high-growth firms was small and accuracy was high. It was confirmed that in high-growth firms, the intangible assets in high-growth firms, the greater the forecast bias and the lower the accuracy. These analysis results indicate that investors interested in high-growth firms should make decisions by considering the feasibility of research and development activities.

The Changes in Financial Performance of Technology Innovation Activities by the Different Phases of Business Growth in Innovative SMEs

Hye-Su Park,Nick Lee,Sun-Young Park 한국창업학회 2012 한국창업학회 Conferences Vol.2012 No.3

An empirical analysis, which dataset is based on the 2010 Survey of Korea Venture Firms 1), was performed on the efficiency of resource allocation in each business growth stage for maximizing the investment efficiency of technology innovation activities of innovative SMEs. To summarize, variables show different productivities in each growth stage. First, increasing manpower in research and development (R&D), increasing manpower in sales, and obtaining government supports are significantly correlated with financial performance in the start-up phase, but having intellectual properties is not. Second, in the phase of initial growth, the manpower in production and R&D are influential to the financial performance. Third, in the phase of rapid growth, the productivity of the manpower in R&D is increased, but the manpower in production and sales become not as highly as influential than before. However, in the phase of maturity, the intellectual properties and the manpower of R&D are highly correlated with financial performance. This result suggests that productivity of resources different in each growth stage could be applied the decision making process for efficient resource allocation to maximize financial performance. Since Innovative small to Medium-sized enterprises (SMEs) tend to carry limited resources in the phases of business growth, from start-up and to maturity, the technology innovation activities are constrained differently in each phase. Although many studies have been focused on the phases of business growth similar to biological organisms, the studies on the productivity of technology innovation activities are insufficient. Thus, in this study, an empirical analysis was performed on the efficiency of resource allocation to the technology innovation in each phase of the growth. This study is done ultimately to help to maximize the investment efficiency of businesses based on the data of 2010 Survey of Korea Venture Firms. The result of the study shows that financial performance is affected in different phases by different variables, i.e. adding investment, increasing manpower, obtaining government supports, and cooperating with external business networks for technology innovation activities. In addition, the effects of variables to financial performance show different results in different phases. To summarize, first, increasing manpower in research and development (R&D), increasing manpower in sales, and obtaining government supports are significant in the start-up phase, but having intellectual properties is not. Second, in the phase of initial growth, the manpower in production and R&D are influential to the financial performance. Third, in the phase of rapid growth, the productivity of the manpower in R&D is increased, but the manpower in production and sales become not as highly as influential than before. However, in the phase of maturity, the intellectual properties and the manpower of R&D become influential. From the result, business executives may compare the effect of variables with each other, and allocate resources that may maximize their financial performance. However, since this study was not able to confirm the statistical significance between the investment in R&D and in capital expenditure, follow-up studies may be needed.

지상파 방송사의 확장된 방송 채널로서 유튜브 채널의 성장과 성과에 관한 연구

한영주 사이버커뮤니케이션학회 2022 사이버 커뮤니케이션 학보 Vol.39 No.3

This study focussed on YouTube channels which served as another limb of traditional terrestrial broadcasting channels. As the number of YouTube channels opened by terrestrial broadcasters has increased in recent years, the study looked to determine the actual performance of these channels based on a series of major indicators of growth. To this end, data analysis was conducted on 124 terrestrial YouTube channels to determine their operational performance(subscriber growth, channel view growth, video view growth) and participation performance(social response growth, comment growth). The conclusion reached by this analysis was that the performance of the channel differed according to the broadcasting company. Specifically, in terms of operational performance, all of KBS, MBC, SBS and EBS showed positive results, with the exception of MBC, and EBS also demonstrated higher results that the overall performance standard. As for the operational performance by channel grade, SBS recorded a higher result than the overall performance standard in all channel grades, KBS showed excellent results in the silver and gold channels, and MBC showed excellent results in the gold channels and EBS bronze channel. As for participation performance, KBS, MBC, SBS and EBS all showed positive results, with KBS and SBS showing performance results which exceeded the overall performance standard. Moreover, participation performance by channel grade was confirmed to be higher than the overall performance standard in both the SBS bronze and gold channels, as well as the KBS silver channel and MBC bronze channel. The results of this study are expected to contribute to this already thriving field of study, allowing an empirical analysis of the performance of terrestrial YouTube channels which can provide us with the practical implications for the sustainable operation of these channels moving forward. 본 연구는 확장된 방송 채널로서 지상파 방송사의 유튜브 채널(YouTube channel)에 주목하였다. 최근 지상파 방송사의 유튜브 진출이 증가함에 따라주요 지표들의 성장 수준을 변인으로 도출하여 지상파 유튜브 채널의 성과를실증적으로 파악하고자 하였다. 이를 위해, 지상파 유튜브 채널 124개를 대상으로 데이터 분석을 실행하여 운영 성과(구독자수 성장, 채널조회수 성장, 영상조회수 성장)와 참여 성과(소셜반응수 성장, 댓글수 성장)를 도출하였다. 분석 결과, 지상파 방송사의 유튜브 채널에서 서로 다른 성과를 발견할 수 있었다. 구체적으로 운영 성과는 KBS, MBC, SBS, EBS에서 모두 긍정적인 결과를 보였고, MBC를 제외한 KBS, SBS, EBS에서는 전체 성과 기준보다 높은결과를 달성하였다. 채널 등급별로 운영 성과는 SBS가 모든 채널 등급에서 전체 성과 기준보다 높았고, KBS는 실버 채널과 골드 채널, MBC는 골드 채널, EBS는 브론즈 채널에서 우수한 결과를 보였다. 또한 참여 성과는 KBS, MBC, SBS, EBS에서 모두 긍정적인 결과를 보였고, KBS와 SBS는 전체 성과기준보다 우수한 결과를 달성하였다. 채널 등급별로 참여 성과는 SBS가 브론즈 채널과 골드 채널, KBS가 실버 채널, MBC가 브론즈 채널에서 전체 성과기준보다 높은 것을 확인하였다. 본 연구의 결과는 지상파 유튜브 채널의 성과를 실증적으로 분석해서 학술 연구를 위한 기초 자료를 제공하고, 실무 전략을위한 시사점을 제공할 것으로 기대한다.

소상공인 주요 성과요인의 성장단계별 차이분석

이남주,허태규,이충섭 한국회계정보학회 2013 회계정보연구 Vol.31 No.4

This study analyzes main performance factors of small business in the stage of growth and the differential effect of factors on performance based on the stages. The stage of growth in small business are classifies as start-up, growth, and maturity stages. Performance factors are consisted of management characteristics, resource characteristics, and market environment of small businesses. According to analysis results, all management characteristics of small businesses except for risk taking propensity and reception ability of ambiguity show differential effect on performance by the stage of growth. Those are desire to accomplishment, locus control, business experience, management ability, and specialty. In terms of resource characteristics, employee excellence, favorable location, and item suitability gives no significant effect on performance in all stage of growth and therefore do not show differential effect on performance by the stages. However fund size, technological ability, attractive location, and item distinction show differential effect by the stages. Based on analysis results, market competition and market uncertainty are no significant performance factors in all stages of growth, but market growth gives significant effect on performance in all stages. Therefore, market environmental characteristics of small business do not show differential effect on performance by the stage of growth. On the whole, results of this study suggest that future studies in performance of small business which consider the impact of growth stages are activated all the more. 본 연구에서는 소상공인의 성장단계별 성과요인을 파악하고, 주요 성과요인이 성장단계에 따라 차별적으로 나타나는지를 분석하였다. 소상공인의 성장단계는 개업초기와 성장기 및 성숙기를 대상으로 하였으며, 경영성과 요인은 경영자특성과 자원특성 및 시장 환경특성을 종합적으로 고려하였다. 분석결과에 따르면, 소상공인의 경영자특성은 위험감수성향과 모호성수용능력을 제외한 성취욕구, 자발적 행동통제, 사업경험, 관리적 역량 및 전문성이 모두 성장단계별로 경영성과에 차별적인 영향을 미치는 것으로 나타났다. 자원특성의 경우에는 종업원우수성과 입지우월성 및 아이템적합성이 경영성과에 미치는 영향은 모든 성장단계에서 비유의적으로 나타나 차별성이 없는 것으로 분석되지만 자금규모, 기술력, 상권매력도 및 아이템차별성은 성장단계별로 성과에 미치는 영향이 차이를 나타내는 것으로 파악되었다. 시장 환경특성의 경우에는 모든 성장단계에서 시장경쟁과 시장불확실성은 비유적인 성과요인이지만 시장성장성은 유의적인 성과요인으로 분석되었다. 따라서 시장 환경특성이 경영성과에 미치는 영향은 성장단계에 따른 차이를 나타내지 않는 것으로 본다. 이상의 연구 결과를 바탕으로 향후 성장단계의 영향을 고려한 소상공인의 경영성과 연구가 더욱 활성화될 필요가 있다.

Influence of Entrepreneurial Social Capital on Enterprise Growth Performance with Environmental Competitiveness as the Moderating Variable

Liu Shumin,홍순복,Zeng Zishu 사단법인 미래융합기술연구학회 2021 아시아태평양융합연구교류논문지 Vol.7 No.10

From a management perspective, entrepreneurial social capital obtains scarce resources by establishing contacts with the more appropriate term, which in turn affects corporate performance. However, existing research has not conducted in-depth research on the path of entrepreneurial social capital affecting corporate growth performance. Empirical research is also relatively scarce. According to the theory of social capital, and the results of prior studies, the social capital of entrepreneurship was divided into three aspects: the social capital of the entrepreneur system, the social capital of the entrepreneur's business, and the social capital of the entrepreneur's technology. This paper focused on the relationship mechanism between the entrepreneur's social capital and the company's growth performance, and constructed the theoretical model by introducing the environmental competitiveness into the action path of entrepreneurial social capital to enterprise growth performance. On this basis, 350 smes in Hunan, Hubei, Jiangxi, Guangdong and other provinces of China were empirically studied through a survey. This paper used the SPSS25.0 to analyze the valid data. The empirical results show that there is a significant positive correlation between firm growth performance and entrepreneur institutional social capital, entrepreneur technological social capital, and environmental competitiveness. The study also found that, environmental competitiveness plays a positive role in regulating The relationship between entrepreneurial business social capital and enterprise growth performance, that is, environmental competitiveness can strengthen the impact of it on enterprise growth performance. Environmental competitiveness has no moderating effect between entrepreneurial commercial social capital, entrepreneurial technological social capital, and enterprise growth performance.Through research, it can be learned that entrepreneurs should pay attention to the importance of social capital to corporate growth and performance improvement, strengthen the cultivation of entrepreneur’ awareness of interconnection and cooperation with external parties, actively expand their own social networks, and attract a wider range of social capital. At the same time, in the complex and fierce market competition, entrepreneurs should pay more attention to the expansion and maintenance of entrepreneurs’ commercial social capital.

고성장기업의 혁신활동 및 혁신성과에 관한 연구 : 국내 제조기업을 대상으로

이병문(Byeongmun Lee),이혁(Hyeok Lee),오승환(Seunghwan Oh) 한국혁신학회 2022 한국혁신학회지 Vol.17 No.2

코로나 19 팬데믹으로 인해 글로벌 경제가 급격히 악화된 상황에서 빠른 경기 반등과 경제 성장, 일자리 창출 등이 중요한 이슈로 떠오르고 있다. 이러한 가운데 경제성장과 일자리 창출에 기여도가 큰 고성장기업에 대한 관심이 다시금 커지고 있다. 고성장기업은 매출액과 고용증가에 있어서 높은 성장을 보이는 기업들로, 기존의 연구들은 대부분 고성장기업이 고용창출 등의 국가 경제 발전에 미치는 영향들을 살펴보고 있다. 본 연구에서는 기업 성장 관점이 아닌 혁신 관점에서 고성장기업의 특성을 살펴보고자 한다. 즉, 국가 경제 발전의 주체 역할을 담당하고 있는 고성장기업들이 혁신 관점에서도 그 역할을 수행하고 있는가를 살펴보는 것이 본 연구의 주요 목적이다. 이를 위해 본 연구에서는 기업재무데이터를 바탕으로 구축한 고성장기업 DB와 국가승인 통계인 한국기업혁신조사(KIS)를 결합한 통합데이터를 구축하여 고성장기업의 혁신활동 및 혁신성과를 살펴보았다. 특히, 고성장기업이 갖는 기업 특성으로 인해 발생하는 선택편의 문제를 해결하고자 매칭방법론 중 하나인 성향점수매칭(PSM)을 활용하여 고성장기업과 유사한 특성을 갖는 쌍둥이 기업과 비교분석을 수행하였다. 분석 결과를 살펴보면, 첫 번째로 고성장기업은 유사한 기업 대비 더 많은 혁신성과(상품혁신성과, BP혁신성과)를 만들어 내고 있는 것으로 나타났다. 두 번째로는 협력 활동 수행과 R&D 유형 관련해서는 고성장기업과 유사한 기업 사이 통계적으로 유의한 차이가 나타나지 않았음을 알 수 있었다. 마지막 세 번째로 코로나-19에 관련하여 혁신활동 변화를 따져본 분석에서는 고성장기업들이 유사한 기업 대비 ‘새로운 혁신활동을 수행하는 비중’이 통계적으로 유의하게 높게 나타나고 있음을 확인할 수 있었다. 이러한 결과를 바탕으로 고성장기업에 대한 체계적인 모니터링 및 분석, 고성장기업 육성을 위한 정책 지원 및 제도적 기반 마련 등의 정책적 시사점을 제시하고자 한다. With the global economy rapidly deteriorating due to the COVID-19 pandemic in recent years, rapid economic rebound, economic growth, and job creation are emerging as important issues. Among them, interest in high-growth companies that contribute greatly to economic growth and job creation is growing again. High-growth companies refer to companies with very high growth potential in sales and employment growth, and most of the existing studies examined the effects of high-growth companies on national economic development. This study aims to examine the characteristics of high-growth companies from the perspective of innovation, not from the perspective of corporate growth. In other words, the main purpose of this study is to examine whether high-growth companies that play a important role in terms of national innovation capability. To this end, this study looked at innovation activities and performance of high-growth companies by constructing integrated data that combines high-growth company DB and the Korea Enterprise Innovation Survey (KIS), a national approval statistic. In particular, in order to solve the problem of selection bias problem caused by the characteristics of high-growth companies, comparative analysis was performed with twin companies with similar characteristics to high-growth companies using propensity score matching (PSM). Looking at the analysis results, first, it was found that high-growth companies are creating more innovation performance (product & BP innovation performance) than similar companies. Second, it can be seen that there was no statistically significant difference between high-growth companies and similar companies regarding R&D activities and cooperation. Lastly, the third analysis examining changes in innovation activities related to COVID-19 confirmed that high-growth companies showed a statistically significant percentage of performing new innovation activities compared to similar companies. Based on these results, we can find that it is necessary to systematically monitor innovation activities of high-growth companies, secondly, systematic support for fostering high-growth companies, and thirdly, prepare various institutional devices to increase the spillover effect of the innovation capabilities of high-growth companies.

초등학생의 체육에 대한 성장마인드, 열정, Grit과 운동수행의 구조적 관계

김인수 한국초등체육학회 2017 한국초등체육학회지 Vol.23 No.2

이 연구는 초등학교 아동의 운동에 대한 성장마인드와 열정, 그릿, 운동수행 간의 구조적 관계를 밝힘으로서 초등학생의 운동수행 향상에 기여할 수 있는 경험적 증거를 제시하는데 그 목적이 있다. 이를 위해 G 광역시에 소재하고 있는 초등학생 521명(남: 292, 여: 229)을 대상으로 성장마인드, 운동에 대한 열정, 그릿과 운동수행 질문지를 사용하여 자료를 분석한 결과 첫째, 기술분석에서 남학생이 여학생에 비해 성정마인드, 열정, 그릿의 일관성, 운동수행이 높은 것으로 나타났고, 운동수행능력이 우수한 학생(상위 10%)은 그렇지 않는 학생에 비해 성장마인드, 열정, 그릿에서 모두 높은 것으로 나타났다. 둘째, 이론모델의 검증에서 성장마인드와 열정을 외생변인으로 하고 그릿과 운동수행을 내생변인으로 한 연구모델은 이론모델로 적합한 것으로 나타났고, 성장마인드 → 그릿, 성장마인드 → 운동수행, 열정 → 그릿, 열정 → 운동수행, 그릿 → 운동수행의 경로가 모두 유의한 것으로 나타났다. 매개효과 검증에서 성장마인드 → 그릿 → 운동수행의 경로가 유의한 것으로 나타나 성장마인드는 그릿을 매개하여 운동수행에 영향을 미치는 것으로 나타났다. The Purpose of this study was to define casual relation among growth mine, passion about physical activities participation, Grit, and performance. This study set up a casual relation model which was composed of exogenous variables as growth mind and passion, and endogenous variables as Grit and performance. The subjests were 521 children(boys: 292, girls: 229) who were more 5th grade in G city. This study used growth mind scale, passion scale, Grit scale, and performance scale. This study used t-test and structural equation. In descriptive analysis, boys showed higher growth mind, passion, consistency of Grit, and performance than those of girls. Higher performance group(upper 10 % performers) showed higher growth mind, passion, and Grit than those of lower group. In analysis structural equation, this model can be used as theoretical model because general indexes were proved more than critical state. In analysis details index, there were significant paths of growth mind ⟶ Grit, performance, passion, → Grit, performance, Grit → performance. In analysis mediator effect, path of growth mind → Grit → performance was significant. This meant Grit mediate between growth mind and performance.

한국 중견 외항선사의 성장성, 안정성 재무전략과 글로벌화 전략이 경영성과에 미치는 영향에 대한 연구

이진권 한국경영컨설팅학회 2020 경영컨설팅연구 Vol.20 No.3

The shipping industry is located in the position of the national main industry because most of export and import cargo is transported by ships, and maritime transportation leads the linked development of related industries, such as shipbuilding, ports, finance, and insurance. Currently, mid-sized shipping companies serve as a waist between few large shipping companies and many small and medium-sized shipping companies in the shipping industry, so expanding the capacity of mid-sized shipping companies is urgently necessary to strengthen the shipping industry structure. Therefore, the purpose of this research is to analyze effect of growth and stability strategy, interaction of growth and stability strategy, and globalization strategy on firm performance, and to explore ways to develop them into global shipping companies. This research was mainly based on financial panel data over a ten year period from 2009 to 2018 from 29 mid-sized shipping companies, and independent variables were deduced from strategy related financial data. Regarding the growth strategy, the analysis shows that total asset growth and sales growth had positive effect on performance. Regarding the stability strategy, debt increase had negative effect, and equity had positive effect on performance. In addition, the interaction of total asset growth and equity had positive effect on performance, the interaction of total asset growth and debt increase, and interaction of sales growth and equity had negative effect on performance. However, the globalization related G/T and interaction of sales growth and debt increase had no effect on performance. Based on the analysis results, mid-sized shipping companies should expand assets and sales to enhance the total asset growth and sales growth effect, and the government and governmental financial institutions should carry out financial and non-financial support for companies. Mid-sized shipping companies are also required to raise their credit ratings through liquidity and debt management and governmental financial institutions are required to provide long-term and low-interest funding to companies, for making debt increase effect positively. It is also necessary for companies to focus on specialized areas to make the interaction effect of total asset growth and debt increase positively, and to strengthen the efficiency of maritime work process to make the interaction effect of sales growth and debt increase positively. In addition, it is necessary for companies to diversify equity capital mobilization to enhance the equity effect, and to inject raised equity to total asset growth to enhance the interaction effect of total asset growth and equity. Mid-sized shipping companies need to make the interaction effect of sales growth and equity positively by utilizing stable equity capital to increase sales from a long-term perspective. Regarding the globalization strategy, the government’s maritime investment support policy that mid-sized shipping companies will benefit from new systems for expanding their stable ship holdings is needed to make G/T expansion effect positively. 우리나라 수출입화물의 대부분은 선박에 의해 수송되고 있고 선박을 통한 해상운송으로 지속적인 외화가득이 이루어지며 선박의 해상운송은 조선, 항만, 금융, 보험 등 관련 산업의 연계발전을 주도하고 있기 때문에 해상운송 산업인 해운산업은 국가기간산업의 위치에 있다. 현재 해운산업에서 중견 외항선사는 소수의 대기업집단 소속 외항선사와 다수의 영세 중소 외항선사 사이에서 허리 역할을 하고 있어 해운산업의 체질 강화를 위해서는 중견 외항선사의 성장이 시급히 필요한 상황이다. 본 연구는 지속적인 성장이 요구되는 중견 외항선사의 성장성, 안정성 재무전략과 글로벌화 전략이 경영성과에 미치는 영향을 분석하여 중견 외항선사가 글로벌 외항선사로 발전하기 위한 방안을 모색하기 위한 연구이다. 이를 위해 중견 외항선사 중 2009년부터 2018년까지 재무자료 등의 확보가 가능한 29개 기업의 패널자료를 바탕으로 성장성 전략, 안정성 전략, 성장성 및 안정성 동시 수행 전략과 글로벌화 전략 관련 지표와 경영성과간의 관계를 분석하였다. 분석 결과 성장성과 관련하여 총자산 증가와 매출액 증가는 경영성과에 정의 영향을 미치는 것으로 나타났고 안정성과 관련하여 부채 증가는 경영성과에 음의 영향을 미치고 자기자본은 정의 영향을 미치는 것으로 나타났다. 또한 성장성과 안정성의 동시 수행 전략과 관련하여 총자산 증가와 자기자본의 상호작용은 경영성과에 정의 영향을 미치며 총자산 증가와 부채 증가의 상호작용과 매출액 증가와 자기자본의 상호작용은 경영성과에 음의 영향을 미치는 것으로 나타났다. 다만, 매출액 증가와 부채 증가의 상호작용과 글로벌화 전략과 관련된 상선대 규모(G/T)는 경영성과에 영향을 미치지 않았다. 분석결과를 바탕으로 중견 외항선사는 지속적으로 자산과 매출을 확대하고 정부와 정책금융기관은 외항선사의 성장을 위한 금융 및 비 금융 지원을 적극적으로 수행해야 할 것이다. 중견 외항선사는 부채 증가가 긍정적 효과를 나타내도록 유동성과 부채관리를 통해 신용등급을 제고하여 자금조달비용을 절감하고 정책금융기관은 외항선사에 대하여 장기저리의 자금지원을 할 필요가 있다. 또한 중견 외항선사는 전문 분야에 특화하여 총자산 증가와 부채 증가의 상호작용효과를 긍정적으로 변화시키고 업무의 효율성을 높여 매출액 증가와 부채 증가의 상호작용효과도 긍정적으로 변화시킬 필요가 있다. 그리고 중견 외항선사의 자기자본이 증가하도록 조달방법을 다양화하여 자기자본의 효과를 제고하고 자기자본으로 조달된 자금은 자산의 확충 등에 투입하여 총자산 증가와 자기자본의 상호작용효과도 제고할 필요가 있다. 또한 중견 외항선사는 매출의 확대를 위한 안정적인 자기자본 활용으로 매출액 증가와 자기자본의 상호작용효과를 긍정적으로 변화시킬 필요가 있다. 아울러 중견 외항선사의 글로벌화 전략과 관련하여 상선대 확장도 긍정적 효과를 나타내도록 다수의 외항선사에 대하여 선박투자지원제도를 확대하는 정책이 요구된다.

고객 관점, 학습 및 성장 관점의 지출과 성과급제도 도입여부와 경영성과 간의 관련성

이혜진,권태환,박기석 한국세무회계학회 2020 세무회계연구 Vol.0 No.64

[Purpose]The purpose of this study is to verified whether the introduction of asset expenditures based on BSC perspectives and performance-based pay systems leads to improved management performance. [Methodology]In this study, we used cross-sectional analysis and statistical analysis (correlation, t-test, regression with SPSS21). We collected variables by two sources and combine each data. One was NCAS(National Corporate Activity Survey, 2015) that were evaluated by using questionnaires about firms’ reward system, the others were financial database(New Kis-value and TS-2000) that were included financial data in 460 industries. [Findings]The results of the study are as follows. First, Expenditure of Customer Perspectives has a positive effect on the Managerial Performance was partially supported. Second, Learning and Growth Perspectives has a positive effect on the on the Managerial Performance was partially supported. Third, The Managerial Performance of application of Performance-Based Pay System companies higher than non-application Performance-Based Pay System companies. Finally, Expenditure of Customer, Learning and Growth Perspectives on the Managerial Performance only application of Performance-Based Pay System companies has a positive effect on the performance was hardly supported. [Implications]Eventually, we could find the fact that firm’s performance has partially improved Performance-Based Pay System and Expenditure of Customer, Learning and Growth Perspectives. [연구목적]본 연구는 성과관리시스템인 BSC에서 고객 관점과 학습 및 성장 관점에 해당하는 지출액과 보상시스템에서 경영성과와 연계한 성과급제도를 도입한 기업과 미도입한 기업을 대상으로 하여 이러한 자산성 지출과 성과급제도의 도입여부가 경영성과의 개선을 가져오는지를 검증하였다. [연구방법]본 연구의 목적을 달성하기 위하여 2015년 기업활동조사를 바탕으로 본 연구의 조건에 적합한 460개 기업을 표본으로 하였고, 여기에 재무 데이터베이스인 New Kis-value와 TS-2000에서 필요한 재무자료를 추출하여 결합함으로써 분석 데이터를 완성하였다. 여기에 SPSS21을 활용하여 횡단면분석을 실시하였으며, 가설 검증을 위한 통계분석으로 상관관계분석, 차이분석, 회귀분석 등을 실시하였다. [연구결과]연구결과를 보면 접대비와 광고선전비 지출과 교육훈련비, 연구개발비 지출이 다양한 경영성과에 양(음)의 영향을 미치는 것으로 나타났으며, 더불어 성과급제도 도입기업이 미도입기업에 비해 자산수익률의 성과가 높은 것으로 나타났다. 이러한 결과를 명확히 하기 위하여 성과급제도를 도입하고 있는 기업만을 대상으로 이러한 지출이 경영성과에 미치는 영향을 검증한 결과 광고선전비 지출과 교육훈련비, 연구개발비 지출이 경영성과에 미치는 긍정적인 영향이 더욱 명확하게 나타났다. [연구의 시사점]고객 관점과 학습 및 성장 관점의 지출과 성과급제도의 도입이 경영성과에 미치는 영향이 부분적으로 검증이 되었으며, 더불어 성과급제도의 도입기업이 미도입기업에 비해 접대비와 연구개발비의 지출이 낮음에도 불구하고 경영성과에 양의 영향을 미치는 것으로 나타나 이러한 지출과 성과급제도의 상호작용이 있을 수 있음을 나타낸다고 할 수 있을 것이다.