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Kwon-Sik Kim
Korea Small Business Institute, Seoul 07074, Korea

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Journal article
Published: 22 June 2020 in Sustainability
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This study examined the effect of tuition fee control policy on universities’ financial management. Using data from 93 private universities in Korea from 2006 to 2015, we investigated the effect of tuition fees and government subsidies on labor cost, operating expenses, research expenses, and so on. Based on principal and agency theory, we used the analysis of average percentage change in expenditure and panel data analysis with the help of a Least Squares Dummy Variable (LSDV) model and polynomial regression. The results show that the increase rate of tuition fees decreased after 2011, with government subsidies increasing. The LSDV analysis indicates that universities increase labor costs, operating expenses, and student support fees, while there are no differences in research expenses, laboratory fees, and expenditures from investments and other assets. Polynomial regression reveals that, based on resources, universities behave differently in their spending. With these results, this study suggests a method to lessen information asymmetry and goal conflict, such as a performance-based research system and an incentive-based budget system in universities.

ACS Style

Young-Hwan Lee; Kwon-Sik Kim; Kwang-Hoon Lee. The Effect of Tuition Fee Constraints on Financial Management: Evidence from Korean Private Universities. Sustainability 2020, 12, 5066 .

AMA Style

Young-Hwan Lee, Kwon-Sik Kim, Kwang-Hoon Lee. The Effect of Tuition Fee Constraints on Financial Management: Evidence from Korean Private Universities. Sustainability. 2020; 12 (12):5066.

Chicago/Turabian Style

Young-Hwan Lee; Kwon-Sik Kim; Kwang-Hoon Lee. 2020. "The Effect of Tuition Fee Constraints on Financial Management: Evidence from Korean Private Universities." Sustainability 12, no. 12: 5066.

Articles
Published: 12 May 2020 in Asian Journal of Technology Innovation
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Although the quantitative performance of national R&D projects in Korea has increased along with budgetary investments, the qualitative performance of these projects needs improving. In 2014, a new performance evaluation system using qualitative indicators was introduced for national R&D projects, and quantitative performance indicators of evaluated projects were converted into qualitative ones. This paper used quantitative empirical analysis based on the difference-in-difference (DID) technique to examine the relationship between individual projects’ performance and the new qualitative evaluation system, to estimate whether the quality of papers and patents increased after the introduction of the new system. The estimation showed that the system had a statistically significant effect on the quality of papers. On the other hand, there was no statistically significant effect on the quality of patents. The results of the paper can inform the future improvement and direction of the new qualitative evaluation system.

ACS Style

Kwang-Hoon Lee; Young-Hwan Lee; Kwon-Sik Kim. Does the introduction of qualitative evaluation for R&D projects actually increase qualitative performance? A DID analysis. Asian Journal of Technology Innovation 2020, 28, 363 -376.

AMA Style

Kwang-Hoon Lee, Young-Hwan Lee, Kwon-Sik Kim. Does the introduction of qualitative evaluation for R&D projects actually increase qualitative performance? A DID analysis. Asian Journal of Technology Innovation. 2020; 28 (3):363-376.

Chicago/Turabian Style

Kwang-Hoon Lee; Young-Hwan Lee; Kwon-Sik Kim. 2020. "Does the introduction of qualitative evaluation for R&D projects actually increase qualitative performance? A DID analysis." Asian Journal of Technology Innovation 28, no. 3: 363-376.

Journal article
Published: 20 September 2019 in Sustainability
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Traditional economic theory assumes that dead weight loss due to free riding on public goods is inevitable. This study demonstrates that free riding without dead weight losses can theoretically exist through Bowen’s model. To this end, this study uses the consumer surplus analysis to present the conditions for free-riding that do not involve dead weight losses, as well as to demonstrate that policy choices that satisfy both the value of efficiency and equity in the supply of public goods are possible. This article formularizes the conditions under which such exceptional cases occur and examines what policy implications the presence of such conditions have in making decisions about the provision of public goods. The discussion of possibility and conditions for free-riding without dead weight losses is significant in that it suggests theoretical and policy implications for policies to raise equity as another important value, not just providing a solution to market failure.

ACS Style

Kwon-Sik Kim; Seong-Ho Jeong. Free Riding without Dead Weight Losses. Sustainability 2019, 11, 5168 .

AMA Style

Kwon-Sik Kim, Seong-Ho Jeong. Free Riding without Dead Weight Losses. Sustainability. 2019; 11 (19):5168.

Chicago/Turabian Style

Kwon-Sik Kim; Seong-Ho Jeong. 2019. "Free Riding without Dead Weight Losses." Sustainability 11, no. 19: 5168.