• The Korean Journal of Financial Management
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• v.12 no.2
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• pp.163-184
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• 1995

본 논문은 금융실명제가 기업에서 발표하는 회계학적 이익정보에 대한 주식가격의 변화에 미치는 영향을 분석하였다. 이는 금융실명제실시 이후에는 기업에서 창출해 내는 기업이익이 진정한 이익에 보다 더 접근을 할 것이라 예상과 채무분석가의 기업이익에 대한 예측치는 진정한 이익에 대한 예측치이므로 금융실명제 실시 이후에는 예측오차가 감소할 것이다는 일반적 예상을 검증하기 위한 것이다. 본 논문은 먼저 1992년과 1993년 12월 결산기업에 대하여 비기대이익을 계산하여 두 해에서의 차이를 분석하였고, 계산된 비기대이익과 기업이익 공시시점에서의 비정상수익율과의 관계를 회귀분석을 통하여 분석하였다. 채무분석가의 예측치로서 대우경제연구소에서 1992년과 1993년 12월에 각각 발표한 각 상장기업의 이익에 대한1992년 및 1993년의 예상치를 각각 년도의 예상기업 이익으로 사용하고 실제로 1993년과 1994년 초에 공시되는 기업이익과의 차이를 조사하였다. 비정상수익율의 계산은 시장위험조정모형과 시장조정모형을 사용하였고 일별수익율에 의하여 측정하였다. 사건 시점은 주주총회 일을 중심으로하여 여러 사건 기간을 택하여 분석을 하였다. 실증적 분석 결과를 보면, 전체표본을 대상으로한 재무분석가의 추정치에 의하여 계산된 비기대이익의 분산이 금융실명제 실시 이후가 실시 이전에 비하여 더 크게 나타났다. 이러한 결과는 금융실명제의 실시로 인하여 재무분석가의 예측이 오히려 더 부정확하게 나타난 것이라 할 수 있다. 이러한 결과는 실명제 실시에 따라서 기업이익예측에 대한 불확실성이 더 증가를 하여 기업이익 공시시점에서의 비기대이익의 측정에서의 오차가 오히려 증가하였다는 것을 알 수 있다. 그러나 전체표본을 소그룹으로 나누어서, 1부에 속한 기업들과 대형 주기업들을 대상으로한 분석에서는 이 두 소그룹에 속한 기업들이 각각 금융실명제실시 이후가 금융실명제 실시 이전보다 비기대이익의 분산이 작게 나타났다. 이러한 결과는 1부에 속한 기업들과 대형주기업들에서 는 금융실명제실시로 채무분석가들의 이익 예측치가 더 정확성을 지니게 된 것으로 해석된다. 이익반응계수의 추정에서 예상했던 바와는 반대로 금융실명제 실시 이후에 계수의 크기가 오히려 감소하였다. 소그룹으로 나누어서 분석한 결과도 마찬가지였다. 금융실명제 실시가 기업회계이익에 미친 영향은 비기대이익의 측정을 통하여 일부 가설과 일치하는 결과를 얻었고, 이익반응계수의 측정에서는 가설과 일치하는 결과를 얻지 못하였다.

• Journal of the Society of Disaster Information
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• v.8 no.4
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• pp.384-390
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• 2012

This study attempts to test the effects of neighborhoods on children and adolescents' alcohol, cigarette and marijuana use. Theoretically, this study was guided by Akers' (1998) SSSL model as potential explanations for understanding the linkage and provided partial test of the model. More specifically, it aims to test the mediation effects of one of core propositions of the SSSL model; whether differential association with deviant peers as well as with conforming peers mediates social disorganization of neighborhoods on adolescent substance and drug use in a different direction. Using multilevel regression techniques with robust standard error, this study utilized data from 1,791 children and adolescents who were nested in 80 neighborhoods in Chicago. The findings of the study provide mixed supports for the SSSL model. That is, it found that there are not only mediation effects but also moderation effects of differential association on children and adolescents' substance and drug use.

• Journal of Korea Port Economic Association
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• v.32 no.3
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• pp.35-46
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• 2016

This study investigates the export behavior of Busan, Gwangyang and Incheon Port. The monthly data cover the period from January 2000 to December 2015. We employ six export functions composed of various exchange rates and industrial production index. This paper finds that the nominal effective exchange rate is more appropriate for explaining the export behaviors of the three ports, regardless of the narrow and wide indices which comprise 26 and 61 economies for the nominal and real indices respectively. This paper tests whether exchange rate and industrial production are stationary or not, rejecting the null hypothesis of a unit root in each of the level variables and of a unit root for the residuals from the cointegration at the 5 percent significance level. The error-correction model is estimated to find that both Gwangyang and Incheon ports are much slower than Busan port in adjusting the short-run disequilibrium and Gwangyang port is a little slower than Incheon port. The rolling regressions show that the influence of exchange rate as well as industrial production tends to decrease in all of three ports. The variance decomposition, however, shows that the export variables are very exogenous and the export of Busan Port is the least exogenous and that of Gwangyang Port the most. This result indicates that the economic variables such as exchange rate and economic activity affect the export of Busan Port more strongly than that of Gwangyang and Incheon Port.

• Journal of Digital Convergence
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• v.16 no.11
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• pp.267-274
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• 2018

This study examines the effect of managerial ability on managers' opportunistic reporting discretion in recognizing the goodwill impairment losses after the adoption of K-IFRS. Cross-sectional regression results show that goodwill impairment losses are not recognized timely at the time of the goodwill impairment symptom, but rather managers make bad use of goodwill impairment losses as tools of income smoothing and big-bath. Managerial ability is not directly related to the recognition of goodwill impairment losses, but firms with more able managers recognize timely goodwill impairment losses when the symptom of goodwill impairment exists, and they use less income smoothing when the firms' expected pre-impairment earnings are abnormally high. This study is the first research to consider the relationship between managerial ability and manager' earnings management in goodwill impairment accounting.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.26 no.6D
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• pp.935-943
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• 2006

Key factors affecting the mode share of Soul metro are investigated. The log-regression model, which can describe the elasticity of the factors with ease, is established rather than the conventional mode choice model is used. The log-regression model requires lower level of data availability for calibration and identifies the impact of the factors on mode share straightforwardly. As a result, it is found that the main reasons why the current mode share of railway is low are due to several problems such as winding lines, inconvenient transfers and unnecessary bypasses. The calibrated model is adopted to evaluate the network reshuffling alternatives. The network reshuffling is to rearrange the existing inefficient railway lines that have frequent transfers and many winding segments. The proposed network reshuffling, which includes straightening winding lines and changing grade separated transfers into cross-platform transfers, turned out to be a good measure to tackle the problems.

• KDI Journal of Economic Policy
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• v.35 no.2
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• pp.71-105
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• 2013

Now that fiscal soundness is increasingly important influenced by the euro area fiscal crisis, early budget execution has been under the spotlight as a tool for economy control, other than typical expansionary method, such as supplementary budget. Basically, early budget execution is a fiscal policy instrument that reponses to economic fluctuations through modifying the inter-temporal allocation of fiscal expenditure within budget, without affecting fiscal soundness. This study empirically examines how effective the intert-temporal reallocation of fiscal expenditure is in economy control. Using Korea's Consolidated Fiscal data, the size of inter-temporal reallocation of fiscal expenditure is defined as changes of fiscal expenditure for one year excluding seasonal factors and used to explain real economic growth rate, a dependent variable. The result shows that the macroeconomic effect of the inter-temporal reallocation turns out meaningful in general, though some policy time lag exists. Meanwhile, a simulation using macroeconomic model finds that overall effect on economic growth is not large because increase in fiscal expenditure allocation at a certain point of time is canceled by the opposite direction within the same fiscal year. However, the inter-temporal reallocation is found to reduce volatility of key macroeconomic variables so as to contribute to partially stabilizing macroeconomy. In particular, such effect of economic stabilization seems to be highly apparent at the time of financial crisis, but not very noticeable in normal economic cycle.

• Journal of rehabilitation welfare engineering & assistive technology
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• v.10 no.2
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• pp.113-118
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• 2016

This study was aimed to analyze the Influence of Reasonable Accommodation on the Employment Probability and Job Retention of the People with disabilities. Survey on the employment discrimination of people with disabilities was utilized. The methodologies used in the study are logistic regression estimating job probability, multiple regression to evaluate job retention. As a result, reasonable accommodation for initial exam was not statistically significant on the employment probability. While, exam process reasonable accommodation was statistically significant on the employment probability. For job retention, recruit accommodation, workplace access accommodation were not significant on the job retention. While, company regulation and job adjustment was statistically significant on the job retention. It is necessary to be provided with reasonable accommodations in the direction of increasing the employment and strengthening job retention of people with disabilities. There is a need to support and expand the reasonable accommodation to the employer by the policy.

• Korean Business Review
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• v.14
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• pp.211-235
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• 2001

The level and motivational basis of consumer involvement have been recognized as having important effects on purchase behavior. To explore the importance of hedonic aspects of involvement upon consumer purchase behavior, survey data on involvement degree and type concerning 8 product classes from 388 respondents was analyzed. Major findings of this study are summarized as follow. First of all, hedonic factor is evidenced as an important component of consumer involvement. In addition, hedonic dimension of involvement is proved to have significant effects on consumer purchase behavior in general. Secondly, analysis of the difference in behavioral tendencies between purchasing product with hedonic value(coffee) and utilitarian motive(washing machine) shows that consumers have relatively high in degree of brand differentiation, brand commitment, product knowledge in purchasing product with hedonic value. This means that hedonic aspect of product and thus hedonic involvement has not less important in predicting consumer behavior. Finally, several interactive effects, which suppot to and conflict against the previous research findings, between level and type of involvement upon purchase behaviors are detacted. This implies that hedonically induced involvement has moderating roles in the effects of consumer involvement on purchase behavior.

• The Korean Journal of Applied Statistics
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• v.2 no.2
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• pp.37-45
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• 1989

Switching regression models are commonly used for the statistical analysis of the disequilibrium models. In this paper wer show how switching regression models can be classified by the sample separation criterion and how they are related to the disequilibrium models. The problems in the estimation of the disequilibrium models ar discussed for the ones with both known sample separation and unknown sample separation.

• Journal of Digital Convergence
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• v.18 no.8
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• pp.243-252
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• 2020

This study was a descriptive study to determine whether proactivity in problem solving and system thinking are variables affecting the resilience of nursing students. The subjects of this study were 236 students and the data was collected from November 11 to 29, 2019. For data analysis, descriptive statistics, t-test, correlation and hierarchical regression analysis were used. As a result of the study, Proactivity in Problem Solving and system thinking were significantly correlated with resilience. Adaptation of nursing, proactivity in Problem Solving, and system thinking of nursing students were found to be factors affecting their resilience, and they explained resilience at 71.4%. Therefore, in order to strengthen the resilience of nursing students, it is necessary to run a curriculum that includes proactivity in problem solving and system thinking as core nursing competencies.