Pub Date : 2019-09-01DOI: 10.33219/jsmef.2019.39.3.002
Sung-kyoo Kim
{"title":"Firm Life Cycle based on Cash Flow Patterns and the Financial Characteristics for Unlisted SMEs","authors":"Sung-kyoo Kim","doi":"10.33219/jsmef.2019.39.3.002","DOIUrl":"https://doi.org/10.33219/jsmef.2019.39.3.002","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"76 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121885610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-01DOI: 10.33219/jsmef.2019.39.3.001
Jung-Mi Park
{"title":"The Effects of Changes to Global-related Names on Stock Prices : Focusing on the KOSDAQ Market","authors":"Jung-Mi Park","doi":"10.33219/jsmef.2019.39.3.001","DOIUrl":"https://doi.org/10.33219/jsmef.2019.39.3.001","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129122696","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-09-01DOI: 10.33219/jsmef.2019.39.3.003
Hyun-bong Yang
{"title":"Youth entrepreneurship education promotion and development tasks : Benchmarking advanced countries","authors":"Hyun-bong Yang","doi":"10.33219/jsmef.2019.39.3.003","DOIUrl":"https://doi.org/10.33219/jsmef.2019.39.3.003","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130430893","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.33219/JSMEF.2019.39.2.001
Sun-Hwa Kim
{"title":"The Effect of Greenhouse Gas Emissions Regulations on Firm Value and Debt Capital Cost: A Comparison between Small-Medium and Large Companies","authors":"Sun-Hwa Kim","doi":"10.33219/JSMEF.2019.39.2.001","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.2.001","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129038453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.33219/JSMEF.2019.39.2.003
Chi-Seung Song
{"title":"A Study on the IPO Underpricing for Type of KDB backed Firms in KOSDAQ Market","authors":"Chi-Seung Song","doi":"10.33219/JSMEF.2019.39.2.003","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.2.003","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"25 7","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120873896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-06-01DOI: 10.33219/JSMEF.2019.39.2.002
Sang-Whi Lee
{"title":"Firm-Bank Relations and Firm’s Interest Expense","authors":"Sang-Whi Lee","doi":"10.33219/JSMEF.2019.39.2.002","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.2.002","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127064359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-01DOI: 10.33219/JSMEF.2019.39.1.003
송치승
{"title":"Is There the Difference of Business monitoring between Set-up Investment Company backed Firms and New Technology Financing Company ? : Based on Earnings Management around Initial Public Offerings","authors":"송치승","doi":"10.33219/JSMEF.2019.39.1.003","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.1.003","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129239933","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-01DOI: 10.33219/JSMEF.2019.39.1.002
Sung-kyoo Kim
{"title":"Estimating the Upper Limited Credit Line of Debt Ratio by Industry for Unlisted SMEs Using the Default Model","authors":"Sung-kyoo Kim","doi":"10.33219/JSMEF.2019.39.1.002","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.1.002","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"1948 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129219754","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-01DOI: 10.33219/JSMEF.2019.39.1.001
Hee-Seog Kim, T. Yoon
본 연구는 해외시장 경쟁력을 가지고 있는 중소기업이 환위험에 노출되어 있을 때 선물과 옵 션 가운데 어느 것이 유리한지에 대한 기준을 제시하고자 한다. 해외시장 경쟁력이 있는 중소 기업은 헤지 가능한 환위험과 헤지 불가능한 시장경쟁력 변동위험에 노출되어 있다. 헤지 가능 한 환위험은 선물매도(short future)로 완전한 헤지가 가능하지만, 시장경쟁력 변동위험은 완 전하게 헤지되지 못하며 풋(put) 매입이 필요하다. 본 연구결과에서 중소기업의 최적 헤지는 수 출금액보다 작게 헤지하는 과소헤지(under hedge)전략이 필요하다. 한편, 중소 수출기업이 환 위험에 대해 선물매도와 풋 매입 가운데 어느 헤지 수단을 선택하는가 하는 문제는 그 기업의 위험선호도와 풋 옵션의 내(외)가격 크기에 따라 다르다. 만약 풋 옵션가격이 내가격(ITM)이라 면, 선물매도가 풋 매입보다 수출이윤이 크고 효율적이며, 반대로 풋 옵션가격이 외가격이라면 (OTM), 풋 매입이 선물매도보다 수출이윤이 크고 효율적이다.
{"title":"Hedge Instruments of the Small Export Firms","authors":"Hee-Seog Kim, T. Yoon","doi":"10.33219/JSMEF.2019.39.1.001","DOIUrl":"https://doi.org/10.33219/JSMEF.2019.39.1.001","url":null,"abstract":"본 연구는 해외시장 경쟁력을 가지고 있는 중소기업이 환위험에 노출되어 있을 때 선물과 옵 션 가운데 어느 것이 유리한지에 대한 기준을 제시하고자 한다. 해외시장 경쟁력이 있는 중소 기업은 헤지 가능한 환위험과 헤지 불가능한 시장경쟁력 변동위험에 노출되어 있다. 헤지 가능 한 환위험은 선물매도(short future)로 완전한 헤지가 가능하지만, 시장경쟁력 변동위험은 완 전하게 헤지되지 못하며 풋(put) 매입이 필요하다. 본 연구결과에서 중소기업의 최적 헤지는 수 출금액보다 작게 헤지하는 과소헤지(under hedge)전략이 필요하다. 한편, 중소 수출기업이 환 위험에 대해 선물매도와 풋 매입 가운데 어느 헤지 수단을 선택하는가 하는 문제는 그 기업의 위험선호도와 풋 옵션의 내(외)가격 크기에 따라 다르다. 만약 풋 옵션가격이 내가격(ITM)이라 면, 선물매도가 풋 매입보다 수출이윤이 크고 효율적이며, 반대로 풋 옵션가격이 외가격이라면 (OTM), 풋 매입이 선물매도보다 수출이윤이 크고 효율적이다.","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126624292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2018-09-01DOI: 10.33219/JSMEF.2018.38.3.001
김성규
{"title":"A study on the Improvement of accounting transparency for SMEs","authors":"김성규","doi":"10.33219/JSMEF.2018.38.3.001","DOIUrl":"https://doi.org/10.33219/JSMEF.2018.38.3.001","url":null,"abstract":"","PeriodicalId":214505,"journal":{"name":"Journal of SME Finance","volume":"173 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121882452","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：