바로가기메뉴

본문 바로가기 주메뉴 바로가기

ACOMS+ 및 학술지 리포지터리 설명회

  • 한국과학기술정보연구원(KISTI) 서울분원 대회의실(별관 3층)
  • 2024년 07월 03일(수) 13:30
 

logo

Analysis of the Corporate Life Cycle using the Gompertz Model Focused on Korean Pharmaceutical Longevity Companies

융합경영연구 / The Journal of Economics, Marketing and Management, (E)2288-7709
2023, v.11 no.1, pp.31-44
https://doi.org/https://doi.org/10.20482/jemm.2023.11.1.31
Kyu-Jin, CHOI (Graduate School of Technology and Innovation Management, Hanyang University)
Kang-Sun, LEE (Graduate School of Technology and Innovation Management, Hanyang University)
Sung-Wook, KANG (Graduate School of Technology and Innovation Management, Hanyang University)
Dae-Myeong, CHO (Graduate School of Technology and Innovation Management, Hanyang University)
  • 다운로드 수
  • 조회수

Abstract

Purpose: This study aims to figure out the characteristics of corporate life cycle and resource input in terms of the sustainability diagnosis of pharmaceutical companies in Korea. Research design, data, and methodology: Using the Gompertz model under the assumption that companies have finite resources, this study tries quantitative interpretation of life cycle and resource input pattern for longevity companies with 25 years of experience among 158 pharmaceutical companies listed on Korean stock market based on maturity of revenue. Results: The study found revenue maturity through Gompertz model was statistically correlated with enterprise value. According to the life cycle analysis, more than 95% of 59 pharmaceutical companies were in the growth and maturity phase and have an average life cycle of 88 years and an average remaining life of 52 years. Regarding maturity profile of resource input, maturity of employees was generally high more than 60% and this meant there was jobless growth in Korean pharmaceutical industry. Conclusion: This study demonstrated there is a high statistical correlation between the maturity of a company's resource input and its revenue and enterprise value. It is believed that these results could be utilized as a basis for high fidelity function that predict revenue and enterprise value based on resource input information.

keywords
Corporate Life Cycle, Gompertz Model, Revenue Maturity, Enterprise Value

융합경영연구