Recently, the importance of entrepreneurship has been emphasized for the expansion of growth potential and job creation in Korea. For the enhancement of entrepreneurship, various policies have been implemented in Korea and this policy trend is also a general phenomenon in developed countries...

There have been rising concerns about the sluggish recovery of domestic corporate investment. As one of the factors in the national account, corporate investment affects the current economic status by creating jobs, increasing income, and thus stimulating consumption. Also, it affects potential...

Corporate investment leads job creation and output growth by increasing capital accumulation in the short-run, and also acts as a crucial element for sustainable economic growth in the long run. However, the external economic environment that Korea faces is currently not so bright. The U.S....

In the modern economy, design is one of the most important factors of firm competitiveness. As design always creates demand, firms can improve their performances through investment in design. Design development increases a firm’s sales by influencing the appearance of final goods and the...

The service industry has been expanding in the world and its structure is being gradually advanced today. Among developed countries, the service industry now employs more workers than the manufacturing sector and contributes more value added. In the manufacturing industry, manufacturers expand...

In this paper, we investigate the classical economic topic about the relationship between financial sector and the real economy by testing whether financial development eases firm’s financial restriction for investment. The role of financial development on the real economy is a controversial...