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We have estimated the contribution of firm dynamics to the aggregate labor productivity in the Korean economy during 2006-2012 through the Dynamic Olley Pakes Decomposition. The contribution of within effect to the growth of aggregate labor productivity is on average estimated as 48.5 percent, and the contribution of covariance effect as a reallocation effect is estimated as 49.4 percent in economy-wide. Especially the reallocation effect is considerable, so we can guess that the resource reallocation has been well operated, to some extent, during the second half of 2000s. In other words it shows that the production resource like as labor seems to have moved to the higher productivity firms or sectors. The covariance effects are relatively high in ICT-Producing sector such as electronic components, computer and communication equipment, as well as Motor vehicles, Financial institutions etc. Moreover the contribution of entry effect is estimated as –16.3 percent, and the contribution of exit effect is estimated as 18.5 percent in economy-wide. Thus the contribution of continuous firms to the growth of aggregate labor productivity is much higher than that of entry effect as well as exit effect. These results are estimated not from the establishment level data but from firm level data, and can be confirmed in the other micro level productivity analyses as well. What the entry effect is estimated as negative means that the levels of labor productivity of entrants are lower than that of continuous firms, so it tells us that the entrants are not as competitive or innovative as continuous firms, contrary to expectation, in terms of technical efficiency. Simultaneously what the exit effect is estimated as positive means the lower productivity firms than continuous firms have been exited from markets, so they contribute positively to the improvement of industry productivity. Meanwhile the contribution of continuous firms to the growth of value-added is 81.8 percent, and the contribution to the growth of employment is 65.0 percent in economy-wide. This situation has been similarly found in manufacturing and service. Therefore we have to highlight the contribution of continuous firms to the growth of productivity, value-added and employment in the short run. Moreover we need to maintain efficiently ‘creative destruction process’ of J. Schumpeter in market in the long run. It is essential that we should induce the creation of employment and the growth of productivity through not only making more competitive firms entered but also having more firms survived in a market at least.

Production planning in most Small and Medium sized manufacturers (SMB) is established by hand written data or Excel program. However, those methods are not capable of systematic management which makes hard to manage environmental changes in production sites (4M), urgent orders and changes in shipping. To solve this problem and to improve productivity in manufacturing companies, Digital factory utilized technology based on the “Method for building optimum manufacturing scenario in Digital Factory”. This paper demonstrates this Digital factory technology’s utilization and how it is improved through the case study of automotive components company “D”.

The objective of this study is to empirically study the determinants of new product performance that influence on the performance of new product. The factors are the process of new product development, the company's internal activities, cooperation among departments and external relationships with clients. In addition, Relationships with customer is included as the moderating variables between the performance of new products and primary factors. The performance was measured by the number of new product development cases and the degree to which a sales objective had been achieved. This empirical study could be summarized in two consequences. First of all, the variables that affected new product performance is the new product development process and the level of technology. Secondly, cooperation within the organization, characteristic of transactions and mutual trust with customers, which were significant in previous studies, did not have a direct effect on new product performance. As a result, a fact that the three factors have a effect indirectly on new product performance was investigated. As the moderating regression analysis(MRA) results, the characteristic of transactions with clients was investigated as adjusting variable that affects between the new product development process and the sales performance of new product. The differentiation of this paper is to verify determinants of new product performance including the factors that was consisted of a previous research. Most of the previous studies about causal relationship between the determinants of new product performance and the performance of a new product were conducted independently at different situations, according to purpose of investigation. A few variables that have a meaningful impact on performance in previous thesis did not have a effect partially on new product performance in this study. Like this, the reason that this research resulted different consequences from former research is to analyze comprehensively an object of study and survey data in multi regression, covering relationships between determinants of new product performance and performance of a new product.

With the recent rapid development of the IT industry, it is getting more difficult for corporations to maintain a continuously competitive edge and secure outstanding technologies and highly skilled workers. In order to, therefore, achieve a strategically dominant position over their competitors, corporations are considering IT outsourcing to give them an advantage. This study is designed to help us understand the influential factors of the information system quality of public IT outsourcing, and analyze how these factors affect customer orientation. A research model utilizing the main variables of the equity theory was suggested, emphasizing fair compensation for the organization, and which is expected to affect the customer orientation of public IT outsourcing, trust, and job satisfaction. In order to verify this research model empirically, questionnaires were conducted on the employees of IT outsourcing corporations. 154 samples were collected through questionnaires, and path analysis was performed to analyze the relationships among factors. As a result of path analysis, distributive justice, an influential factor of public IT outsourcing, significantly influenced trust, but did not significantly influence job satisfaction. Procedural justice significantly influenced trust and job satisfaction. Interactional justice did not influence trust, but significantly influenced job satisfaction. Trust significantly influenced job satisfaction but did not influence customer orientation. Lastly, job satisfaction significantly influenced customer orientation. This study suggests that efforts must be made to improve organizational justice for public IT outsourcing corporations in order to satisfy their customers' various needs and qualitatively improve their IT services.

Corporate governance is a mechanism to coordinate the economic activities of enterprises and perform for minimizing agency and transaction costs due to conflicts of interest among the various stakeholders in order to maximize the firm value. Good corporate governance system can reduce the information asymmetry between the manager and shareholders, and allocate resources of high net present values with the reaction of the market. While corporate capital investments are the very important decisions in order to maintain the growth and survival, large cash outflow due to the capital investments could have a significant impact on the financial strength of the firm. In a related study, positive effects were found to disclose the amounts of the capital investments with the level of production expansion and productivity improvement situation. The main purpose of this study is to empirically investigate the effect of corporate capital investments on stock returns by corporate governance. The samples of 586 firms were analyzed over a period of 8 years from 2000 to 2007. The results show that stock-price responses to announcements of capital investments are significantly positive on average, particularly for the group of firms with high corporate governance index and for the non-chaebol group of firms. Further, we find that investment motives, dividend decision, and ownerships have insignificant effects on the abnormal stock returns.

The current study investigates relationships shopping motivation have effects on repurchase intention. This causal relationship is mediated utilitarian value and hedonic value. Study samples composed of ages between 20s and 30s who have prior experiences in online shopping purchases. Total of 256 valid data were collected and analyzed. The results indicated cost saving, shopping convenience, and browsing showed significance on both utilitarian value and hedonic value. The variety seeking and self-gratification showed significance on utilitarian value. The social interaction showed significance on hedonic value. The utilitarian value and hedonic value showed significance on repurchase intention, and the intensity was prominent in the relationship between the utilitarian value and repurchase intention. In conclusion, we believe that to improve the degree of repurchase by providing all of the practical value and hedonic value to customers operators of on-line shopping channel. Also diversity motivation, is expected to be able to derive a more efficient repurchase effect by stimulating the buying motives other than self-satisfaction synchronization information seeking motivated, among hedonic value. Additionally, will be able to derive a more efficient effect over the repurchase hedonic value by stimulating information seeking, diversity motivation and self-satisfaction motivation. Therefore contribute to increased productivity of field sales and increased profits due to corporate business strategy speaks of online shopping.

This study presents to find out a relationship between characteristics such as relational dynamic, access, range of product and service offerings, knowledge, price, delivery, locality of servitization a new form of business that resulted in combination of products and services. It is focused on efficiency of resource usage servitizing products or functions of products, customers’ satisfaction and their plans for rehiring focusing on the next generation’s rental service industry which is one of the examples of newly distinguished servitization in manufacturing business. The research model was developed based previous literature reviews. A survey instrument was developed based on the constructs for the research model. The questionnaire was developed using a Likert’s five point scales and included some demographical data. The survey was administered to individuals who had some experiences in the rental services. 360 respondents were asked to indicate proper contents and were collected via online survey. 352 among them was considered as valid for the further analysis. Multivariate statistical methods are utilized for the study analysis. Reliability test and validity tests were conducted and secured all related values were acceptable for the next analysis. This study also suggests a new empirical approach to achieve a continuous growth for Korean manufacturing companies which struggle to produce profitability and substantiality. This study targets customers who have experienced rental services of various fields are employed and analysed statistically. In order to strengthen weakened profit structure in manufacturing business, Servitization, a secure strategy for sustainable competitiveness raising customer loyalty by combining key industries with predominance in competition and services, has been highlighted. Many companies are trying to push ahead various forms of servitization, one of them being rental services which is one of the most noticeable industries that combines previous rental services of products and servization functions such as hygiene and customer services. Study of Servization that increases business productivity has only been active lately, thus its empirical study will contribute in this area. Although servitization research on company result and value has been progressive recently due to continuous demand of servitization, it is hard to find literatures focused on customers’ perspective. Therefore, it is necessary to clearly understand how customers are accepting combined products, as well as product usage that designs services and utility value of service. This study differs from the previous studies as it is completed from customers’ perspective, not relating to business result and values of companies relating to servitization. This study will provide management with strategic insights for exploring and identifying servitization strategies in manufacturing and other similar settings.

In the purpose of fostering human resources which are suitable for industry demand and relieving difficulties of sectoral human resources development through the continuos discussion between workforce demand and supply groups, Korea organized 3 Sector Councils(machinery industry, electronics industry, e-Biz industry) in 2004 for an example. It extended SC to 23 Sectors in 2010 but the evaluation about SC is mostly skeptical. Against this backdrop, this study is designed to look into problems regarding SC in our country and suggest a suitable development way by analyzing research papers, overseas cases, interviews with people concerned. This study diagnosed realistic problems and awareness level through the interviews with the SC members, government officials, specialized agency staff and researchers who are well aware of the current situation of SC. It also drew out main issues by analyzing references such as research and study papers. There are several accomplishments and obstacles in SC development according to this study. It was found that workforce demand and supply takes first place, training and development demand survey comes in second, the operation of training and development in third, the development of NSC in fourth, and the development of training and development programs in fifth in terms of achievement. However, each party concerned has different views on the SC outputs. The SC members rate them positively but others including government officials put them below the average. The achievements, on the whole, can be said 'unsatisfactory'. The main barriers ahead of SC development are in the following order ;discontinuous support of the government, and lack of practical use, incomplete relevant laws and regulations, indifference of business part and lack of participation, lack of support and interest in within SC itself. It can be concluded that there are several problems to be addressed in terms of the supporting system. This study looks into the Korea local SC development in three aspects; government policy and system, perform role, organization and workforce. First, in aspect of government policy and system, it is necessary to modify relevant laws and regulations, ensure the stability of financial support from the government and a well-organized project management system(SC general council and SC support center). Secondly, in aspect of performance, SC should play a role as a messenger in order to deliver suggestions and opinions from the business circle to educational institutes and the government. It also needs to strengthen original SC projects such as workforce demand and supply forecasting, and education and training needs survey. In addition, it is necessary to make the use of SC activity outputs and activate their promotion, and reinforce industry-academy cooperation and employment support. Finally, in aspect of organization and workforce, more efforts should be made to select SCs which represent each industry, make SC-specialized departments or independent bodies, and improve skills of SC workforce. In this study, the interviews were only limited to workforce suppliers and system operators. On the other hand, no interviews were done with people from the industry and educational institutions. It is quite regretful of having not had interviews with CEOs who are final decision-makers.

In this paper, a proactive vehicle recall is discussed as an efficient strategy preventing corporate crisis by literature review. For this purpose, we got some facts from literatures and statistics and put them into the frame of Fink’s 4 phases of corporate crisis management and found the conclusion. Motor vehicle companies should remedy their vehicles whenever they know some vehicles or items of motor vehicle equipments have any harmful defect, voluntarily or enforcedly. Harmful defects means that vehicles cannot protect lives or assets. Some of motor companies, however, hid the defects information to the public and the defects developed into a crisis. Ford/Firestone and Toyota were the typical cases. Some points reviewed are summarized as follows. If a safety defect is developed to a crisis, indirect costs are more severe than direct costs. But the indirect costs of usual recalls(which are not developed into crises) are not high, and the recalls does not make severe sales drop or decrease of shareholder’s return. Companies can control the consumers’ brand attitude by it’s reaction to the defects. These results show that the cost can not be a reason to hesitate recalling vehicles when motor companies find a safety defect. Instead they can reduce the indirect costs by a proactive recall. Meanwhile, crisis developing process can be classified into 4 phases. At first, some of consumers complain about some products. In the preliminary crisis period, the company can control the situation by proactive recall. The targets of the crisis management could be enhancing reliability and trust at the period. If one failed to control the preliminary crisis and the complaints reach some critical point, the crisis develops rapidly into acute and chronic phase. The company can control the situation very hardly in the zone. The target of crisis management is to minimize the negative effects of the crisis defensively. Important point is to prevent safety defects from developing into a crisis by a safety defect by making usual recalls. Proactive recalls can even be considered to reduce total costs. So, the effective strategy is a proactive recall. Every recall is not necessarily developed into a crisis. The cost of a recall is acceptable compared to the cost of a crisis. It means that proactive recalls are more efficient than managing crises. Crisis usually signals before it comes for a long time. So, corporate leaders have to recognize the signals and to prevent any corporate crisis by proactive recalls.

The purpose of this study is to examine the value relevance of intangible assets. The study investigates the importance of intangible assets based on theoretical backgrounds, and analyzes the prior researches and literatures concerning to it, where intangible assets positively associated with a firm's value. Using a regression based on the Ohlson (1995) model, empirical analysis has been performed for non-banking firms (3,015 firm-years) listed over Korean Stock Exchange during 2009-2014. Research results are as follows; First, the intangible assets have a positive impacts on the equity values, and intangible assets appeared as explanation of a firm's values which is relatively more important than tangible assets. Second, Among the components of the intangible assets, the computer software, the development costs and the other intangible assets have positive impacts on the equity values. All listed firms in Korea are required to report their financial statements in accordance with International Financial Reporting Standards (IFRS) from January 1, 2011. This further analysis examines the components of the intangible assets indicate after adoption of K-IFRS. The computer software has positive impact on the equity value whereas the development costs is not likely to affect the equity value after the adoption of K-IFRS. Third, the R&D expenses, the advertisement expenses and the education & training expenses have positive impact on equity value. In particular, advertising and R&D expenses reported in the income statements are significantly associated with equity values if they are capitalized into (intangible) assets by applying the Hall-Cummins-Laderman- Mundy's methods, while expenses of education & training are not.

Since 2000s we have been focused on intellectual property(IP) as the value and role of intellectual property increases in a knowledge-based society. IP has an important value in itself and it is becoming more and more important because of its impact on the economy and industry. Especially it has a strong impact in the creative economy. Some developed countries have been prepared and strengthened their environment related to IP since the 1980s. To enhance IP competence, we first need to understand the status of manpower working in the main IP field. The field usually can be classified into three areas; IP creation, IP utilization, and IP protection. Thus the purpose of the present study is to understand on IP experts and forecast the labor demand in Korean IP market. Unfortunately there was no agreed definition about IP experts. So we tried to define the concept and scope of IP experts. Basically IP experts designed as two functions, dedicated works and support services, based on three areas as shown above. Finally we set up 18 occupations in the IP fields. And to forecast occupational demand, we substituted the accumulated data in related groups for the KRIVET’s mathematical forecasting model. We used the accumulated data in accordance with the Korean standard occupational classification system. We understand IP experts as key personnel led the creative economy and forecast the demand. And we expect that these results can be used to train their appropriate skills and create jobs in related fields.