국내 게임산업 외국인 투자 결정요인 분석
Analysis of foreign investor investment decision-making factors on game industry
1
조회
0
다운로드
1
인용
0
참고문헌
키워드
초록
This paper empirically studies foreign investor investment decision-making factors of game industry. First of all, I couldn´t find many significant results relation to business performance. In terms of safety, The negative(-) relationship could be found between current ration, debt ration and foreign ownership. The growth(growth rate of sales, net profit growth rate) showed positive(+) relationship with foreign ownership. In terms of profitability, Between ROE, ROA and foreign ownership also showed positive(+) relationship . Finally, the R&D investments and weight of export are positive(+) related to foreign ownership. In this results, I can conjecture about foreign investor focus on Safety , Growth , Profitability. especially, can be inferred that R&D and weight of export factors attract foreign investors.
Abstract
This paper empirically studies foreign investor investment decision-making factors of game industry. First of all, I couldn´t find many significant results relation to business performance. In terms of safety, The negative(-) relationship could be found between current ration, debt ration and foreign ownership. The growth(growth rate of sales, net profit growth rate) showed positive(+) relationship with foreign ownership. In terms of profitability, Between ROE, ROA and foreign ownership also showed positive(+) relationship . Finally, the R&D investments and weight of export are positive(+) related to foreign ownership. In this results, I can conjecture about foreign investor focus on Safety , Growth , Profitability. especially, can be inferred that R&D and weight of export factors attract foreign investors.
참고문헌 (15)
- 권보연, "소셜 네트워크 게임(Social Network Games)의 사회적 플레이에 관한 연구", 한국컴퓨터게임학회논문지, 24(1), pp.21~33 (2011), (사)한국컴퓨터게임학회
- 남현우, "소셜 네트워크 게임의 성공 조건 분석과 경쟁력 강화 방안에 대한 연구", 한국컴퓨터게임학회논문지, 24(2), pp.73~84 (2011), (사)한국컴퓨터게임학회
- 정수연, "소셜 네트워크 게임(SNG)의 몰입요인에 관한 연구", 한국컴퓨터게임학회논문지, 24(3), pp.155~165 (2011), (사)한국컴퓨터게임학회
- Borensztein. E, "How does foreign direct investment affect economic growth?", Journal of International Economics, 45, pp.115~135 (1998)
- Caves. R. E., "International Corporations: The Industrial Economics of Foreign Investment", Economica, 38(149), pp.1~27 (1971)
- Does Inward Foreign Direct Investment Boost the Productivity of Domestic Firms?, "Haskel. J. E.", NBER, ~ (2002)
- Davies. S. W., "Characteri sing elative Performance: The Productivity Advantage of Foreign Owned Firms in the UK", Oxford Economic Papers New Series, 43(4), pp.584~595 (1991)
- Shleifer, A., "Large Shareholders and Corporate Control", Journal of Political Economy, 94(3), pp.461~489 (1986)
- Aggarwal. R., "Portfolio Preferences of Foreign Institutional Investors", Journal of Banking and Finance, 29(12), pp.2919~2946 (2005)
- Leuz. C., "Investor Protection and Earnings Management:An International Comparison", Journal of Financial Economics, 69, pp.505~527 (2003)
- Kang. J. K., "Why is there a home bias? An analysis of foreign portfolio equity ownership in Japan", Journal of Financial Economics, 46, pp.3~28 (1997)
- Dahlquistand. M., "Direct foreign ownership, institutional investors, and firm characteristics", Journal of Financial Economics, 59(3), pp.413~440 (2001)
- Elliott. J., "Repeated Accounting Write-Offs and the Information Content of Earnings", Journal of Accounting Research, 34, pp.135~155 (1996)
- Sloan. R. G., "Do Stock Prices Fully Reflect Information in Accruals and Cash Flows about Future Earnings?", The Accounting Review, 71(3), pp.289~315 (1996)
- 2015 global industry trend, "Korea Creative Content Agency", ~ (2015)
