• Title/Summary/Keyword: 신용등급평가

Search Result 68, Processing Time 0.022 seconds

Development of Comprehensive Diagnostic System for Disaster in Decline Areas (쇠퇴지역 재난재해 종합진단 시스템 프로토타입 개발)

  • Shin, Yonghyeon;Lee, Sangmin;Yang, Dongmin
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2021.06a
    • /
    • pp.479-479
    • /
    • 2021
  • 최근 기상이변으로 인한 자연재해 발생이 증가하고 있고, 그에 따라 도시의 재난 대응력 강화가 국내에서는 물론 국제적으로도 중요한 이슈가 되고 있다. 특히 쇠퇴지역은 재난재해 발생 시 인적·물적 피해가 일반 지역 보다 상대적으로 크며, 복구에도 많은 시간과 예산이 소요되므로 대응책 마련을 위한 도시재생지역의 정밀한 재난재해의 위험성 분석 기술이 필요하다. 이에 본 연구에서는 도시재생사업 대상지(311개)에 대한 재난재해 유형별 위험성 및 회복성을 종합적으로 분석하는 종합진단 기법을 개발하고, 이를 적용한 프로토타입 시스템을 개발하였다. 재난재해의 범위는 「재난 및 안전관리 기본법」을 준용하여 이에 도시재생사업 시행에 영향을 받아 재난재해 발생에 따른 위험정도가 변화할 가능성이 높은 자연재해 (폭우, 폭염, 폭설, 강풍, 지진)5종과 사회재난 (화재, 붕괴, 폭발) 3종 총 8종으로 정의하였다. 종합진단 기법은 기후변화에 관한 정부간 협의체(IPCC) 위험도 평가 방법을 준용하여 위험요소 (위해성·취약성·노출성)와 대비·대응요소 (회복성)로 구분하고, 전문가 자문회의를 거쳐 재난재해에 특히 취약한 쇠퇴지역의 특성을 반영할 수 있는 종합진단지수 산정식을 개발하였다. 또한 쇠퇴지역 재난재해 종합진단 시스템은 도시재생 업무를 수행하는 사용자가 신속히 정보를 분석하고 활용에 용이하도록 Web-GIS 기반으로 설계하였으며, 종합진단 기법에 의해 산정된 분석결과를 100m × 100m 격자 단위의 등급으로 가시화한다. 분석 결과는 지속적인 연구 개발을 통해 최적의 도시재생사업 의사결정 지원 서비스를 위한 기초 분석 자료로 연계하여 활용되며, 분석 DB는 클라우드 서비스 기반의 도시재생 데이터 플랫폼을 통해 공유된다.

  • PDF

Valuation of workout firms considering characteristics of the construction industry : focused on Black·Scholes Models (건설산업의 특성을 고려한 워크아웃기업의 가치평가 : Black·Scholes 모형을 중심으로)

  • Kim, Gu-Hoi;Won, You-Ho;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.15 no.8
    • /
    • pp.4863-4873
    • /
    • 2014
  • The Korean construction industry has played a major role among all industries despite its relative small ratio of all. The global economic crisis, however, has adversely affected the construction industry. Therefore, the Korean government implemented a corporate restructuring process to ensure the stability of the financial market. The selection standard on workout enterprises by the government is based on two perspectives: (1) external factors, including macroeconomic indices and (2) internal factors, including financial statements of private enterprises. On the other hand, if considering the characteristics of the construction industry, a certain construction company may not be evaluated only by its financial statements. In other words, a valuation process that utilizes the financial statements only can be concluded to be irrational. Accordingly, this study aims to provide the valuation model, which embraces the characteristics of workout firms, and determines their implications. To accomplish this, each enterprise valuation was measured using DCF and Black Scholes models, and by comparing such results with their market value, each enterprise was determined to be either under or over-valued. The results of this study verified that the valuations of 2 workout companies (out of 4) showed a higher value than the market value.

A Study on the Timing of Convertible Bonds Using the Machine Learning Model (기계학습 모형을 이용한 전환사채 행사 시점에 관한 연구)

  • Ryu, Jae Pil
    • Journal of the Korea Convergence Society
    • /
    • v.12 no.10
    • /
    • pp.81-88
    • /
    • 2021
  • Convertible bonds are financial products that contain the nature of both bonds and shares, which are generally issued by companies with lower credit ratings to increase liquidity. Conversion bonds rely on qualitative judgment in the past, although decision-making on whether and when to exercise the right to convert is the most important issue. Therefore, this paper proposes to apply artificial neural network techniques to scientifically determine the exercise of conversion rights. We distinguish between a total of 1,800 learning data published in the past and 200 predictive experimental data and build an artificial neural network learning model. As a result, the parity performance in most groups was excellent, achieving an average excess of about 10% or more. In particular, groups 3-6 recorded an average excess of about 20% and group 6 recorded an average excess of about 37%. This paper is meaningful in that it focused on solving decision problems by converging and applying machine learning techniques, a representative technology of the fourth industry, to the financial sector.

Understanding ESG Management and the Possibility of ESG Archives (ESG 경영의 이해와 ESG 아카이브의 가능성)

  • Lim, JongChul
    • The Korean Journal of Archival Studies
    • /
    • no.79
    • /
    • pp.33-82
    • /
    • 2024
  • Interest in ESG management, which spread through the UN PRI in 2006, has recently spread throughout our society. Consumers use a company's activeness in the ESG field as the standard of consumption behavior, and the international community is reorganizing and strengthening various regulatory measures. In the investment market, non-financial performance (ESG information) is used as an important investment indicator along with financial performance (credit rating). Due to these changes in the corporate evaluation paradigm and market pressure, if a company neglects ESG response activities, it is more likely to be excluded from market selection, and accordingly, the importance of ESG management is also increasing. Companies are making various efforts to secure legitimacy in response to these market pressures, but in the process, it is difficult to systematically manage and utilize records/data that are the basis for ESG management. For a basic understanding of ESG management, this paper summarizes the emerging process of ESG and the current ESG-related regulations applied to companies. Through this, it can be seen that ESG management is not carried out with the good will of the company, but is accepted as a management strategy for the survival of the company according to the change in the corporate evaluation paradigm. Through interviews with the company's ESG-related personnel, the company's ESG response process was divided into passive communication and active communication, and the problems identified during the interview were summarized for each communication type. In addition, in the process of passively and actively communicating ESG management information with internal and external stakeholders, the possibility that ESG archives can function as a tool to overcome problems for each communication type was raised, and five types of ESG archives that can play this role were presented.

The effect of corporate risk on Korean bond market (기업의 위험이 회사채 수익률에 미치는 영향)

  • Choe, Yong-Shik;Choi, Jong-Yoon
    • Journal of Digital Convergence
    • /
    • v.16 no.12
    • /
    • pp.175-183
    • /
    • 2018
  • This study analyzes determinants of bond returns in terms of systematic risk versus idiosyncratic risk by examining relationship among those factors. First we examined the cross-sectional determinants of corporate bond returns with Korean bond market data from 2001 to 2014. This paper uses term factor and default factor for systematic risk, and duration factor and credit rating factor for idiosyncratic risk. The empirical result shows that systematic risk can explain cross-sectional differences of bond returns rather than idiosyncratic risk which is the same result in advanced markets(US or Europe). This result is different from the previous Korean studies which showed that idiosyncratic risk is more important than systematic risk in Korean bond market. The reason for the different result may be the longer sample period which includes the most recent period. It is insisted that Korean bond market is getting more synchronized with the advanced bond market. In conclusion, this empirical result implies that Korean bond portfolio managers should focus on systematic risk, which is contrary to current system in Korean asset management industry.

Clinical Efficacy of Real-Time Sonoelastography for the Follow-Up of Congenital Sternocleidomastoid Muscle Torticollis (선천성 근육성 사경의 추적검사에서 실시간 탄성초음파 검사의 임상적 유용성)

  • Mi ri Jeong;In Sook Lee;Yong Beom Shin;You Seon Song;Sekyoung Park;Jong Woon Song;Jin Il Moon
    • Journal of the Korean Society of Radiology
    • /
    • v.81 no.1
    • /
    • pp.176-189
    • /
    • 2020
  • Purpose To evaluate the clinical efficacy of real-time sonoelastography (RTS) for the follow-up of congenital muscular torticollis, based on measurements of muscle elasticity. Materials and Methods Thirty-four infants (23 male, 11 female) with congenital sternocleidomastoid (SCM) muscle torticollis underwent ultrasonography and elastography between November 2012 and December 2014. We evaluated the thickness, morphology (mass-like, fusiform, or overall thickened shape), and echogenicity of the SCM muscle on grayscale images and color patterns (homogeneous blue, mixed green < 50% and ≥ 50%, and green to red) on elastography. Strain ratios were measured using Q-lab software. A clinician classified the degree of neck rotation and side flexion deficits using a 5-point grade system based on angles of neck rotation and side flexion. Correlations between the ultrasonography and clinical findings were evaluated by statistical analysis. Results Twenty-two infants had right and 12 had left SCM torticollis, respectively. Linear regression analysis showed that involved/contralateral SCM thickness differences, morphology, elasticity color scores, and strain ratios of the affected SCM muscles were significantly correlated with neck rotation and side flexion deficit scores (p < 0.05). The elasticity color score of the affected SCM muscle was the most significant factor. Conclusion RTS might provide a reliable means for evaluating and monitoring congenital muscular torticollis.

Investigation on a Way to Maximize the Productivity in Poultry Industry (양계산업에 있어서 생산성 향상방안에 대한 조사 연구)

  • 오세정
    • Korean Journal of Poultry Science
    • /
    • v.16 no.2
    • /
    • pp.105-127
    • /
    • 1989
  • Although poultry industry in Japan has been much developed in recent years, it still needs to be developed , compared with developed countries. Since the poultry market in Korea is expected to be opened in the near future it is necessary to maximize the Productivity to reduce the production costs and to develop the scientific, technologies and management organization systems for the improvement of the quality in poultry production. Followings ale the summary of poultry industry in Japan. 1. Poultry industry in Japan is almost specized and commercialized and its management system is : integrated, cooperative and developed to industrialized intensive style. Therefore, they have competitive power in the international poultry markets. 2. Average egg weight is 48-50g per day (Max. 54g) and feed requirement is 2. 1-2. 3. 3. The management organization system is specialized and farmers in small scale form complex and farmers in large scale are integrated.

  • PDF

A Study on Intelligent Value Chain Network System based on Firms' Information (기업정보 기반 지능형 밸류체인 네트워크 시스템에 관한 연구)

  • Sung, Tae-Eung;Kim, Kang-Hoe;Moon, Young-Su;Lee, Ho-Shin
    • Journal of Intelligence and Information Systems
    • /
    • v.24 no.3
    • /
    • pp.67-88
    • /
    • 2018
  • Until recently, as we recognize the significance of sustainable growth and competitiveness of small-and-medium sized enterprises (SMEs), governmental support for tangible resources such as R&D, manpower, funds, etc. has been mainly provided. However, it is also true that the inefficiency of support systems such as underestimated or redundant support has been raised because there exist conflicting policies in terms of appropriateness, effectiveness and efficiency of business support. From the perspective of the government or a company, we believe that due to limited resources of SMEs technology development and capacity enhancement through collaboration with external sources is the basis for creating competitive advantage for companies, and also emphasize value creation activities for it. This is why value chain network analysis is necessary in order to analyze inter-company deal relationships from a series of value chains and visualize results through establishing knowledge ecosystems at the corporate level. There exist Technology Opportunity Discovery (TOD) system that provides information on relevant products or technology status of companies with patents through retrievals over patent, product, or company name, CRETOP and KISLINE which both allow to view company (financial) information and credit information, but there exists no online system that provides a list of similar (competitive) companies based on the analysis of value chain network or information on potential clients or demanders that can have business deals in future. Therefore, we focus on the "Value Chain Network System (VCNS)", a support partner for planning the corporate business strategy developed and managed by KISTI, and investigate the types of embedded network-based analysis modules, databases (D/Bs) to support them, and how to utilize the system efficiently. Further we explore the function of network visualization in intelligent value chain analysis system which becomes the core information to understand industrial structure ystem and to develop a company's new product development. In order for a company to have the competitive superiority over other companies, it is necessary to identify who are the competitors with patents or products currently being produced, and searching for similar companies or competitors by each type of industry is the key to securing competitiveness in the commercialization of the target company. In addition, transaction information, which becomes business activity between companies, plays an important role in providing information regarding potential customers when both parties enter similar fields together. Identifying a competitor at the enterprise or industry level by using a network map based on such inter-company sales information can be implemented as a core module of value chain analysis. The Value Chain Network System (VCNS) combines the concepts of value chain and industrial structure analysis with corporate information simply collected to date, so that it can grasp not only the market competition situation of individual companies but also the value chain relationship of a specific industry. Especially, it can be useful as an information analysis tool at the corporate level such as identification of industry structure, identification of competitor trends, analysis of competitors, locating suppliers (sellers) and demanders (buyers), industry trends by item, finding promising items, finding new entrants, finding core companies and items by value chain, and recognizing the patents with corresponding companies, etc. In addition, based on the objectivity and reliability of the analysis results from transaction deals information and financial data, it is expected that value chain network system will be utilized for various purposes such as information support for business evaluation, R&D decision support and mid-term or short-term demand forecasting, in particular to more than 15,000 member companies in Korea, employees in R&D service sectors government-funded research institutes and public organizations. In order to strengthen business competitiveness of companies, technology, patent and market information have been provided so far mainly by government agencies and private research-and-development service companies. This service has been presented in frames of patent analysis (mainly for rating, quantitative analysis) or market analysis (for market prediction and demand forecasting based on market reports). However, there was a limitation to solving the lack of information, which is one of the difficulties that firms in Korea often face in the stage of commercialization. In particular, it is much more difficult to obtain information about competitors and potential candidates. In this study, the real-time value chain analysis and visualization service module based on the proposed network map and the data in hands is compared with the expected market share, estimated sales volume, contact information (which implies potential suppliers for raw material / parts, and potential demanders for complete products / modules). In future research, we intend to carry out the in-depth research for further investigating the indices of competitive factors through participation of research subjects and newly developing competitive indices for competitors or substitute items, and to additively promoting with data mining techniques and algorithms for improving the performance of VCNS.