{"id":11709,"date":"2022-10-22T03:51:46","date_gmt":"2022-10-21T18:51:46","guid":{"rendered":"http:\/\/mhjn.dothome.co.kr\/?p=11709"},"modified":"2026-08-20T11:29:54","modified_gmt":"2026-08-20T11:29:54","slug":"%ec%b1%85%ec%a0%84%ed%86%b5%eb%ac%b4%ec%98%88-%ea%b3%84%ec%8a%b9%ec%9e%90-%ec%86%a1%ec%b0%bd%eb%a0%ac-%ea%b8%b0%ec%98%88%ea%b3%a0%ec%b0%b0%ed%95%a9%eb%b3%b8-%ec%b6%9c%ea%b0%84","status":"publish","type":"post","link":"http:\/\/mhjn.dothome.co.kr\/en\/%ec%b1%85%ec%a0%84%ed%86%b5%eb%ac%b4%ec%98%88-%ea%b3%84%ec%8a%b9%ec%9e%90-%ec%86%a1%ec%b0%bd%eb%a0%ac-%ea%b8%b0%ec%98%88%ea%b3%a0%ec%b0%b0%ed%95%a9%eb%b3%b8-%ec%b6%9c%ea%b0%84\/","title":{"rendered":"[\ucc45]\uc804\ud1b5\ubb34\uc608 \uacc4\uc2b9\uc790 \uc1a1\ucc3d\ub82c \uae30\uc608\uace0\ucc30(\ud569\ubcf8) \ucd9c\uac04"},"content":{"rendered":"\n
\"\uc804\ud1b5\ubb34\uc608<\/figure>\n\n\n\n

(\ud3b8\uc9d1\ubd80)= \ub300\ud55c\uccb4\uc721\ud68c \uc5f0\uad6c\uc0c1 \uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638 \ubc0f \uc2dc\uc5f0 \ubd84\uc11d \ud559\uc220\uc5f0\uad6c\ubb3c\uc774 \ucd9c\uac04 \ub410\ub2e4.<\/p>\n\n\n\n

\uc800\uc790\ub294 \uc1a1\uc900\ud638 \uc0ac)\ub300\ud55c\uc218\ubc15\ud611\ud68c \ud68c\uc7a5\uc774\ub2e4.<\/p>\n\n\n\n

\uc778\ud130\ub137 \uad50\ubcf4\ubb38\uace0\uc5d0\uc11c \uad6c\ub9e4\ud560 \uc218 \uc788\ub2e4.<\/p>\n\n\n\n

\ucc45 \uc18c\uac1c<\/p>\n\n\n\n

\ubcf8 \uc11c\ub294 \ucda9\ubd81 \uc9c4\ucc9c\uad70 \uc9c0\uc6d0, \ubc1c\uac04 \uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638(\ub300\ud55c\uccb4\uc721\ud68c \uc5f0\uad6c\uc0c1 \uc218\uc0c1), 2008\uad6d\ubbfc\uc0dd\ud65c\uccb4\uc721 \uc11c\uc6b8\uc2dc\uc804\ud1b5\ubb34\uc608\ub300\ud68c \uc2dc\uc5f0 \uadf8\ub9ac\uace0 2013\ub144 \ud55c\uaca8\ub808\uc2e0\ubb38\uc5d0\uc11c \ucd2c\uc601\ud574\uc11c \ubcf4\ub3c4\ud55c \uc218\ubc15 \uacc4\uc2b9\uc790 \uace0,\uc1a1\ucc3d\ub82c\uc639(1032~2017 \ud568\uacbd\ub0a8\ub3c4 \ubd81\uccad\uad70 \uc774\uace1\uba74 \ucd9c\uc0dd) \uad00\ub828 \ud559\uc220 \uc5f0\uad6c\ubb3c\uc744 \ud55c \uad8c\uc758 \ucc45\uc73c\ub85c \uc5ee\uc740 \uac83\uc774\ub2e4.<\/p>\n\n\n\n

\uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638 \uc5d0 \uc218\ub85d\ub41c \ub17c\ubb38(\uc218\ubc15 \uae30\ub2a5\ubcf4\uc720\uc790 \ubc1c\uad74\uc5d0 \uc988\uc74c\ud558\uc5ec)\ub294 \uc804,\ub300\ud55c\uac80\ub3c4\ud68c \ubd80\ud68c\uc7a5\uc744 \uc5ed\uc784\ud558\uc2e0 \uae40\uc7ac\uc77c \uc120\uc0dd(\uac80\ub3c4 8\ub2e8)\uc774 \uc1a1\uc639\uc744 \uc5f0\uad6c \ub300\uc0c1\uc790\ub85c \uc120\uc815\ud558\uace0 \ub300\ub2f4 \ubc0f \ucd2c\uc601\uacfc \uae30\uc220\ucc44\uc9d1\uc744 \ud588\uc5c8\ub2e4.<\/p>\n\n\n\n

\uc1a1\uc639\uc740 \uad6d\ubbfc\uc0dd\ud65c\uccb4\uc721 \uc11c\uc6b8\uc2dc\uc804\ud1b5\ubb34\uc608\uc5f0\ud569\ud68c \uace0\ubb38\uc744 \uc5ed\uc784 \ud588\uace0 \uad6d\ub9bd\uadf9\uc7a5 \ub300\uadf9\uc7a5 \uc2dc\uc5f0\uc9c0\ub3c4 \ubc0f \uc81c2\ud68c \ubb34\ub3c4\ub300\uc0c1\uc744 \ubc1b\uc558\ub2e4.<\/p>\n\n\n\n

\uc774 \ub2e8\uccb4 \uba85\uce6d\uc774 \uad6d\ubbfc\uc0dd\ud65c\uccb4\uc721\ud611\uc758\ud68c\uc5d0 \uac00\uc785\ud558\uba74\uc11c \ub300\ud68c\uba85\uc73c\ub85c \ub418\uc5c8\ub2e4.<\/p>\n\n\n\n

\ud55c\uaca8\ub808\uc2e0\ubb38\uc5d0\uc11c 2013\ub144\uacbd \uc2e0\ubb38 \ud55c\uba74\uc744 \ud560\uc560\ud574\uc11c \uc1a1\ucc3d\ub82c\uc639\uc744 \ubcf4\ub3c4\ud588\ub2e4.<\/p>\n\n\n\n

\u201c2\ucc28\ub840 \uc554\uc218\uc220\uc774 \ubb34\uc0c9\ud55c \ud314\uc2ed \ub178\uc778\uc758 \uc218\ubc15\uce58\uae30!\u201d\ub77c\ub294 \uc81c\ud558\ub85c \uae30\uc0ac\uac00 \ubcf4\ub3c4 \ub418\uc5c8\ub294\ub370 \uc774\ub54c \ud55c\uaca8\ub808 \uce21\uc5d0\uc11c \ucd2c\uc601\ud55c \uc0ac\uc9c4\uc744 \ucc45\uc5d0 \uc218\ub85d\ud560 \uc218 \uc788\ub3c4\ub85d \uc591\ud574\uac00 \ub418\uc5c8\ub2e4.<\/p>\n\n\n\n

\uc0ac\ud68c\uacfc\ud559\uc5f0\uad6c\ub124\ud2b8\uc6cc\ud06c(Social Science Research Network, SSRN)\uc5d0 \ub4f1\uc7ac\ud574\uc11c \uad6c\uae00 \uc2a4\uce7c\ub77c, \ub124\uc774\ubc84 \ud559\uc220\uac80\uc0c9\uc73c\ub85c \ud655\uc778 \ud560 \uc218 \uc788\ub2e4.<\/p>\n\n\n\n

\ubaa9\ucc28

Overture 8

\uc1a1\ucc3d\ub82c\uc639 \uacf5\uc801\uc0ac\ud56d 10

\uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638 \uc804\ud1b5\ubb34\uc608 \uc218\ubc15 \uae30\ub2a5\uc790 \ubc1c\uad74 \ud559\uc220\uc5f0\uad6c 15

#01 \uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638(2003) \uad00\ub828 \ub0b4\uc6a9 18

\ucda9\ubd81 \uc9c4\ucc9c\uad70 \uc9c0\uc6d0 \ub17c\ubb38\uc9d1 \uc218\ub85d \uc1a1\ucc3d\ub82c\uc639 \uae30\uc220\uc815\ub9ac 18
(\uc218\ubc15\ub860(\u624b\u640f\u8ad6)-\uc218\ubc15 \uae30\ub2a5\ubcf4\uc720\uc790 \ubc1c\uad74\uc5d0 \uc988\uc74c\ud558\uc5ec)

\uac80\ub18d \uae40\uc7ac\uc77c \uc120\uc0dd 24

#02 \uc2dc\uc5f0 \uc601\uc0c1 \ucea1\uccd0\ub97c \ud1b5\ud55c \uae30\uc220\uc815\ub9ac 25

\uc2dc\uc5f0 \uc601\uc0c1 \ucea1\uccd0\ub97c \ud1b5\ud55c \uae30\uc220\uc815\ub9ac 25

#03 \uc1a1\ucc3d\ub82c, \uae40\uc7ac\uc77c \ub300\ub2f4 \ubc0f \uc2dc\uc5f0 29

\uc2dc\uc5f0-\uc1a1\ucc3d\ub82c\uc639, \ub300\ub2f4 \ubc0f \uc815\ub9ac-\uae40\uc7ac\uc77c \uc120\uc0dd,
\uc11c\uc77c\ub300\ud559\uad50 \uc870\ud0dd\uad6c \uad50\uc218

\uc804\ud1b5\ubb34\uc608 \uc218\ubc15\uce58\uae30 \ubd84\uc11d 151
\uc218\ubc15 \uc190\uae30\uc220\uacfc \uc218\ubc15\ucda4\uc758 \uadfc\uac04\uc5d0 \ub300\ud55c \uc5f0\uad6c\ubb3c

#04 \uc1a1\ucc3d\ub82c \ub3d9\uc791 \ubd84\uc11d 154

\ub4e4\uc5b4\uac00\uba70 155
\ubc15\uce58\uae30\uc655 \uae40\uc77c \uc120\uc0dd \uad00\ub828 205
\ubabd\uace8 \ubc84\ud750 \uc5b4\uae68\uce58\uae30, \uc77c\ubcf8 \uc2a4\ubaa8 \uc218\ubc15\ucda4 207

#05 \uc790\ud544\ub178\ud2b8 \ubd84\uc11d \ubc0f \uc774\ud574 209

\uc1a1\ucc3d\ub82c\uc639 \uc790\ud544 \ub178\ud2b8 \uc218\ubc15\uce58\uae30 \ubd80\ubd84 209
\ubbfc\uac04\uc758 \uc5ec\ud765, \uc720\ud76c\ud654 \ub41c \uac83\uc744 \uc99d\uc5b8\ud55c \ucd5c\ub0a8\uc120 222
\uad8c\ud0dc\ud6c8\uc639 \uc218\ubc15\uce58\uae30\uc5d0 \uad00\ud55c \uc99d\uc5b8(\ub179\ucde8) 224
\uac80\ub3c4 8\ub2e8 \uae40\uc7ac\uc77c \uc120\uc0dd\uc774 \uc815\ub9ac\ud55c \uac83 228
\uc1a1\ucc3d\ub82c\uc639\uc774 \uc0dd\uc804\uc5d0 \ucda4\uc73c\ub85c \ud45c\ud604 \ud55c \uc21c\uc11c 260

\uad6c\ud55c\ub9d0 \uc804\ud1b5\uccb4\uae30 \uc218\ubc15 \uae30\uc220\ubd84\uc11d 263
\ucda4, \ubb34\uc608\ub3d9\uc791, \uaca9\ud22c\uccb4\uacc4 \ud559\uc220 \uc5f0\uad6c\ubb3c

#06 \ub4e4\uc5b4\uac00\uba70 266

\uc0ac\ud68c\uacfc\ud559\uc5f0\uad6c\ub124\ud2b8\uc6cc\ud06c(SSRN) \ub4f1\uc7ac \ubcf8\ubb38 266
\uc5f0\uad6c\ub300\uc0c1, \uc5f0\uad6c\uc7ac\ub8cc, \uc5f0\uad6c\ubc29\ubc95 1)\uc601\uc0c1\ubd84\uc11d, 2)\ube44\uad50 267

#07 \ucda4\uc801\uc694\uc18c \ubd84\uc11d 280

\uc1a1\ucc3d\ub82c\uc758 \ucda4\uc801 \ub3d9\uc791 \ubd84\uc11d 281
\ud568\uacbd\ub0a8\ub3c4 \ub2e8\ucc9c\uc5d0\uc11c \uc804\ud574\uc9c4 \ubb34\uc608 \ub3d9\uc791\ub4e4 294
\ucd5c\uc2b9\ud76c \ube44\uad50, \ubd81\ud55c 1962, <\uc870\uc120\uacfc\ud559\uc601\ud654\ucd2c\uc601\uc18c> \uc601\uc0c1 297
\ucd5c\uc2b9\ud76c \uc218\ubc15\uce58\uae30 \uc815\ub9ac, \uc1a1\ucc3d\ub82c\uacfc \ucd5c\uc2b9\ud76c\uac04 \ube44\uad50 302

#08 \ubb34\uc608\ub3d9\uc791 \ubd84\uc11d 311

\uc1a1\ucc3d\ub82c\uc639 \uc790\ud544 \ub178\ud2b8 \uc218\ubc15\uce58\uae30 \ubd80\ubd84 345

#09 \uaca9\ud22c\uccb4\uacc4 \ubd84\uc11d 347

\uc138\uacc4\ud0dc\uad8c\ub3c4\uc5f0\uc218\uc6d0 \uc5f0\uad6c \ubcf4\uace0\uc11c\uc5d0 \uc218\ub85d\ub41c \uae30\uc220 347
\ud55c\uaca8\ub808\uc2e0\ubb38 \ucd2c\uc601 \uc1a1\ucc3d\ub82c\uc639 \uae30\uc220 \uc815\ub9ac 354

[\ubd80\ub85d]

\uc804\ud1b5\ubb34\uc608 \uc218\ubc15\uc758 \ubb34\ud615\ubb38\ud654\uc7ac \uac00\uce58\uc131 \uace0\ucc30 379
\uc218\ubc15\uc758 \uc804\uc2b9\uacc4\ubcf4 \ucd94\uc801 390
\uc218\ubc15\uc758 \uae30\uc220 \ubc0f \uccb4\uacc4 \uc5f0\uad6c 395<\/p>\n","protected":false},"excerpt":{"rendered":"

(\ud3b8\uc9d1\ubd80)= \ub300\ud55c\uccb4\uc721\ud68c \uc5f0\uad6c\uc0c1 \uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638 \ubc0f \uc2dc\uc5f0 \ubd84\uc11d \ud559\uc220\uc5f0\uad6c\ubb3c\uc774 \ucd9c\uac04 \ub410\ub2e4. \uc800\uc790\ub294 \uc1a1\uc900\ud638 \uc0ac)\ub300\ud55c\uc218\ubc15\ud611\ud68c \ud68c\uc7a5\uc774\ub2e4. \uc778\ud130\ub137 \uad50\ubcf4\ubb38\uace0\uc5d0\uc11c \uad6c\ub9e4\ud560 \uc218 \uc788\ub2e4. \ucc45 \uc18c\uac1c \ubcf8 \uc11c\ub294 \ucda9\ubd81 \uc9c4\ucc9c\uad70 \uc9c0\uc6d0, \ubc1c\uac04 \uad6d\ubb34\ub17c\ucd1d \uc81c2\ud638(\ub300\ud55c\uccb4\uc721\ud68c \uc5f0\uad6c\uc0c1 \uc218\uc0c1), 2008\uad6d\ubbfc\uc0dd\ud65c\uccb4\uc721 \uc11c\uc6b8\uc2dc\uc804\ud1b5\ubb34\uc608\ub300\ud68c \uc2dc\uc5f0 \uadf8\ub9ac\uace0 2013\ub144 \ud55c\uaca8\ub808\uc2e0\ubb38\uc5d0\uc11c \ucd2c\uc601\ud574\uc11c \ubcf4\ub3c4\ud55c \uc218\ubc15 \uacc4\uc2b9\uc790 \uace0,\uc1a1\ucc3d\ub82c\uc639(1032~2017 \ud568\uacbd\ub0a8\ub3c4 \ubd81\uccad\uad70 \uc774\uace1\uba74 \ucd9c\uc0dd) \uad00\ub828 \ud559\uc220 \uc5f0\uad6c\ubb3c\uc744 \ud55c \uad8c\uc758 \ucc45\uc73c\ub85c \uc5ee\uc740 \uac83\uc774\ub2e4. […]<\/p>\n","protected":false},"author":1,"featured_media":29030,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-11709","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sports"],"blog_post_layout_featured_media_urls":{"thumbnail":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433-150x150.jpg",150,150,true],"full":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",458,654,false]},"categories_names":{"8":{"name":"Sports","link":"http:\/\/mhjn.dothome.co.kr\/en\/category\/sports\/"}},"tags_names":[],"comments_number":"0","wpmagazine_modules_lite_featured_media_urls":{"thumbnail":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433-150x150.jpg",150,150,true],"cvmm-medium":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",210,300,false],"cvmm-medium-plus":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",145,207,false],"cvmm-portrait":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",400,571,false],"cvmm-medium-square":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",420,600,false],"cvmm-large":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",458,654,false],"cvmm-small":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",67,95,false],"full":["http:\/\/mhjn.dothome.co.kr\/wp-content\/uploads\/2026\/08\/1400000521433.jpg",458,654,false]},"_links":{"self":[{"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/posts\/11709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/comments?post=11709"}],"version-history":[{"count":1,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/posts\/11709\/revisions"}],"predecessor-version":[{"id":29031,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/posts\/11709\/revisions\/29031"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/media\/29030"}],"wp:attachment":[{"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/media?parent=11709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/categories?post=11709"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/mhjn.dothome.co.kr\/en\/wp-json\/wp\/v2\/tags?post=11709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}