SCARA형 로보트의 위치정밀도 개선

백상기(Sang ki Baik),홍석교(Suk kyo Hong) 대한전기학회 1989 대한전기학회 학술대회 논문집 Vol.1989 No.11

ESG 평가등급과 기업특성에 관한 연구

백상미(Sangmi Baik),최정미(Jeongmi Choi) 한국국제회계학회 2021 국제회계연구 Vol.- No.99

[연구목적] 본 연구는 ESG 등급에 따른 기업특성을 이해하고, ESG등 급과 재무비율간의 관계를 파악하는데 목적이 있다. [연구방법] 2011년부터 2020년까지 KOSPI 상장기업을 대상으로 표본을 구성하고, 한국지배구조원이 발표한 ESG 통합등급과 환경, 사회, 지배구조 부분별 등급을 종속변수로 수익성, 재무위험, 성장성을 나타내는 재무비율들을 독립변수로 하여 실증 분석하였다. [연구결과] ESG 등급과 매출액영업이익률 및 자기자본순이익률은 유의한 양의 관계를 갖는 것으로 나타났다. 그리고, 유동비율과는 유의한 음의 관계를, 부채비율, Beta, 파산위험과는 유의한 양의 관계를 보고하였다. 유형자산회전율은 ESG 등급과 유의한 음의 관계를 갖는 것으로 나타났다. 기업 특성 변수와 관련하여 배당성향이 높아질수록, 기업규모가 클수록, 외국인 지분율이 높을수록 ESG 등급이 높아질 가능성이 있는 것으로 나타났다. 반면, 여유 현금흐름이 높을수록, 기업연령이 길수록 ESG 등급이 낮아질 가능성이 있는 것을 알 수 있다. [연구의 시사점] 본 연구는 ESG 등급과 유의한 상관관계를 보이는 재무비율을 검증함으로써, 정보이용자의 합리적 투자의사결정에 도움이 되고자 한다. 또한, ESG를 준비하는 기업이나 이미 실행하고 있는 기업이 특정 재무비율을 관리함으로써 ESG등 급을 관리하는데 본 연구가 도움이 될 것이다. 무엇보다 ESG 등급과 재무비율 간의 상관관계를 밝힘으로써 ESG 등급의 결정요인을 파악하고, 재무비율과의 연관성을 밝혔다는데 의미가 있다. [Purpose] This paper examines the association between ESG rating and firm characteristics and to identify financial factors affecting ESG grade. [Methodology] Using a sample composed of KOSPI-listed companies from 2011 to 2020, and the ESG integrated rating announced by the KCGS and the financial ratios representing profitability, financial risk, and growth as dependent variables were empirically analyzed. [Findings] Among profitability ratios, sales operating margin(OPOS) and net return on equity(NOE) had a significant positive relationship, and among financial risk ratios, a significant negative relationship with liquidity ratio(CR), and a significant positive relationship with debt ratio(DR), beta(Beta), and bankruptcy risk(Z) was reported. Among the efficiency ratios, the tangible assets turnover(TPR) was found to have a significant negative relationship with the ESG rating, which is interpreted as a result of lower efficiency when investment in tangible assets increases activities in relation to the environment. Regarding the corporate characteristics variable, it was found that the higher the dividend propensity(DIV), the larger the company size(SIZE), and the higher the foreign equity ratio(FOR), the higher the ESG rating. On the other hand, it can be seen that the higher the free cash flow(FCF) and the higher the corporate age(AGE), the lower the ESG rating. [Implications] By examining the relationship between ESG grade and financial ratio and reporting that financial ratio has a significant correlation with ESG grade, information users can estimate ESG grade with a simple financial ratio and reflect it in investment decisions. In addition, companies preparing for ESG or those already running it will help manage ESG ratings by managing specific financial ratios. Above all, it is meaningful to identify the determinants of the ESG rating and to reveal the correlation with the financial ratio by finding the correlation between ESG and the financial ratio.

LA 지역 재외동포들의 한국 뉴스미디어 노출 및 주목이 모국에 대한 인식과 평가에 미치는 영향

백상기(Sanggi Baik),이양환(Yang-Hwan Lee),장병희(Byeng-Hee Chang),류희림(Heelim Ryu) 한국방송학회 2011 한국방송학보 Vol.25 No.6

식음료 제조기업의 ESG 활동이 기업성과에 미치는 영향과 시장반응

백상미(Baik, Sangmi),최정미(Choi, Jeongmi) 한국호텔관광학회 2021 호텔관광연구 Vol.23 No.4

사회적 기업현황과 성과 분석

백상미 ( Baik Sangmi ) 충북대학교 산업경영연구소 2021 産業과 經營 Vol.34 No.2

This study aims to present the direction for social enterprises by examining the laws currently applied to social enterprises and the support system of social enterprises, and measuring the value of social enterprises through financial ratio analysis. ROA analysis was used to analyze the management performance of social enterprises as a research method, and asset growth rate and sales growth rate were used to analyze debt ratio and growth potential for financial risk analysis. This study conducted ROA analysis, financial risk, and growth potential analysis using autonomous disclosure data posted on the website of the Korea Social Enterprise Promotion Agency. As a result of the analysis, the business performance in 2017 was improved compared to 2016, and the financial risk was also lowered. In addition, it is intended to suggest that there is a possibility of continuous development of social enterprises in the future as it has the potential for continuous growth through scale expansion. This study aims to secure continuous support and justification for social enterprise policies by evaluating the value of social enterprises as objective measures, and to be used as data for current and potential external stakeholders to attract and support investment.

입구난류강도에 따른 평판디퓨저내의 유동장변화에 관한 연구

백상범(S. B. Baik),송경(K. Song),조강래(K. R. Cho),주원구(W. G. Joo) 대한설비공학회 1998 대한설비공학회 학술발표대회논문집 Vol.1998 No.6-1

해빈변형의 수치해석에 관한 연구

백상화(Baik Sang Hwa),김성득(Kim Seong Deuk) 대한토목학회 2000 대한토목학회 학술발표회 논문집 Vol.2000 No.3

붕괴 저수지의 취약요소 분석 기반 저수지 상태평가 개선 제안

백상이(Baik, Sangyi),이승수(Lee, Sungsu),이슬기(Lee, Seulgi) 대한토목학회 2022 대한토목학회 학술대회 Vol.2022 No.10

실제영업활동을 통한 이익조정과 시장반응

김진배(Jin Bae Kim),백상미(Sang Mi Baik),최정미(Jeong Mi Choi) 한국경영학회 2009 經營學硏究 Vol.38 No.5

This paper investigates whether managers participate in real activities to avoid reporting annual losses. This study further identifies activities that managers engage in to manipulate earnings. We find evidence consistent with firms trying to avoid reporting losses by offering more lenient credit terms or price discounts to temporarily increase sales, increasing production volume to report lower cost of goods sold, and reducing discretionary expenditures to improve earings. Since overproduction strategy is only available to firms in manufacturing industries, we examine whether manufacturing firms manipulate their earings by overproduction to avoid losses. Consistent with prior results, firms in manufacturing industries manage earings to avoid losses by overproduction strategy. To control performance, we use the performance-matching technique recommended by Kothari et al.(2005). After controlling firms` performance, suspect firms report significantly lower abnormal CFO(cash flow from operations) and abnormal discretionary expenditure and significantly higher abnormal production costs that indicates suspect firms are engaging in real earnings management. We explicitly examine the extent to which real earnings management affects subsequent operating performance and whether investors recognize the consequences of real earnings management. The results indicate that real earnings management are negatively associated with subsequent operating performance. However real earnings management are not significantly associated with subsequent SAR(size adjusted abnormal return). The results indicate investors cannot recognize real earnings management, which implies that managers have incentive to engage in real earnings manipulation. This paper contributes to the accounting literature by providing evidence on real earnings management to avoid reporting losses and identifies specific real activities which affect CFO, discretionary expenditure and production costs. By undertaking a comprehensive examination of types of real earnings management, this paper contributes to assess accounting information reliability thus make better decisions.

슬관절 전치환술 후 발생한 인공삽입물 주위 골절

서정탁 ( Jeung Tak Suh ),백상대 ( Sang Dai Baik ),최성종 ( Sung Jong Chio ) 대한슬관절학회 2002 대한슬관절학회지 Vol.14 No.2

Purpose: Periprosthetic fracture is known to be uncommon, but serious complication after total knee arthroplasty. We evaluated the clinical outcomes and radiological changes following treatment modality of periprosthetic fracture after total knee arthroplasty Materials and Methods: We reviewed 13 knees of the 13 patient with periprosthetic fracture after total knee arthroplasty between March 1991 and December 2000 The average follow up period was 27months. The patient were grouped according to the treatment methods; Group Ⅰ is the patients who were treated by skeletal traction followed by cast of cast brace. Group Ⅱ is the patients who were treated by open reduction and internal fixation with plate. Group Ⅲ is patients who were treated by retrograde intramedullary nails. We analyse time required for union, femorotibial angle after union, range of motion and Hospital for Special Surgery score of each group. Results: Time required for union was similliar within groups. Femorotibial angle after union was not significant change in all groups postoperatively. ROM was decreased in Group Ⅰbut there was not significant changes in group Ⅱ and Ⅲ. HSS score was decreased in Group Ⅰ, 85 preoperatively and 65.2 postoperatively. Conclusion: Skeletal traction followed by cast or cast brace only can be recommended for knees in which the initial alignment and stability of fracture were in acceptable range, but in has increased functional loss because of prolonged immobilization and delayed ROM execises. In knees with malaligned and unstable periprosthetic fracture, condylar plating and retrograde IM nails can be recommended for better clinical and radiological results.