부가가치지적계수(VAIC) 활용 제약산업의 누적맴퀴스트 지수(CMI) 분석

• 영문명: An Empirical Analysis on the Cumulative Malmquist Index Using Value Added Intellectual Coefficient in Pharmaceutical Companies
• 발행기관: 한국무역연구원
• 저자명: 노신규(Shin-Kyu Roh) 신연수(Yeon-Yoo Shin) 서충원(Chung-Won Seo)
• 간행물 정보: 『무역연구』제14권 제2호, 469~486쪽, 전체 18쪽
• 주제분류: 경제경영 > 무역학
• 파일형태: PDF
• 발행일자: 2018.04.23

영문 초록

This study analyzed the efficiency of pharmaceutical companies. This paper used the intellectual capital as input variable and the total asset return, the ratio of book value to the market value as the output variables. This study used CCR and BCC bootstrapping method to reflect measurement errors of inputs and outputs. Specifically, the cumulative Malmquist index which estimates the productivity change of each year based on 2009 was used. Panel regression analysis was carried out to analyze the effects of productivity change. In the analysis of the productivity change, it was seen that the efficiency is doubled from 2009 to 2016, and the growth by the efforts of the pharmaceutical companies is larger than the growth by the technology change. In addition, the productivity increase of pharmaceutical companies that belonged to the IRS or CRS were higher than the DRS companies. When the productivity higher increase was showed in the non-group and the KOSDAQ, small sized companies. In particular, the effect of investment on human capital is significant in order to increase efficiency (EC) in the pharmaceutical industry.

목차

Ⅰ. 서론

Ⅱ. 제약업계 현황 및 지적자본 고찰

Ⅲ. 연구자료의 특성 및 기술통계량

Ⅳ. 실증분석 결과

Ⅴ. 결론

키워드

Bootstrapping Cumulative Malmquist DEA Pharmaceutical Companies