• Title/Summary/Keyword: 3 요인 모형

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A Study on the Relations among Stock Return, Risk, and Book-to-Market Ratio (주식수익률, 위험, 장부가치 / 시장가치 비율의 관계에 관한 연구)

  • Kam, Hyung-Kyu;Shin, Yong-Jae
    • Journal of Industrial Convergence
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    • v.2 no.2
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    • pp.127-147
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    • 2004
  • This paper examines the time-series relations among expected return, risk, and book-to-market(B/M) at the portfolio level. The time-series analysis is a natural alternative to cross-sectional regressions. An alternative feature of the time-series regressions is that they focus on changes in expected returns, not on average returns. Using the time-series analysis, we can directly test whether the three-factor model explains time-varying expected returns better than the characteristic-based model. These results should help distinguish between the risk and mispricing stories. We find that B/M is strongly associated with changes in risk, as measured by the Fama and French(1993) three-factor model. After controlling for changes in risk, B/M contains little additional information about expected returns. The evidence suggests that the three-factor model explains time-varying expected returns better than the characteristic-based model.

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A Study on the Success Factors of Government Remote Service (GVPN) from the Perspective of Information System Success Model and Technology Acceptance Model (정보시스템 성공모형과 기술수용 모형 관점에서 정부원격근무서비스(GVPN) 성공요인에 관한 연구)

  • Lee, Won Suk;Jang, Sang-hyun;Kim, Yeong-dae;Shin, Yongtae
    • Proceedings of the Korea Information Processing Society Conference
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    • 2020.11a
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    • pp.494-497
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    • 2020
  • 코로나19 팬데믹으로 사회적 거리 두기가 확산됨에 따라 원격근무가 확산되면서 정부기관에서도 지난 3월부터 재택근무가 시작되어 현재도 일정 수준을 유지하고 있다. 따라서 비대면 시대의 원격근무 본격적인 확산에 대비해, 정보시스템 성공모형과 기술수용모형을 기반으로 정부기관에서 재택근무 시 필수적으로 사용하고 있는 정부원격근무서비스인 Government Virtual Private Network의 품질요인이 이용자 만족도에 미치는 영향 등을 분석하여 개선방안 마련에 기여하고자 한다.

농업벤처기업의 빅데이터 사용의도에 미치는 영향요인과 기대편익에 대한 연구: 농업벤처 사업분야별 차이에 대한 비교를 중심으로

  • An, Mun-Hyeong;Heo, Cheol-Mu
    • 한국벤처창업학회:학술대회논문집
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    • 2020.11a
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    • pp.47-53
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    • 2020
  • 빅데이터 기술은 기업의 경쟁력을 높일 수 있는 혁신 기술 중 하나로 급성장하고 있는 가운데 농업 분야 또한 빅데이터를 활용한 경쟁력 제고와 미래 산업으로의 발전이 중요 당면과제로 부상하고 있다. 해외의 경우 농업 빅데이터를 활용한 스타트업이 빠른 속도로 증가하며 성장하는 반면 국내의 경우 생산 분야 일부 농업 벤처 외에는 빅데이터 활용이 미흡한 실정이다. 또한 기업의 빅데이터 활용수준이나 활용의도에 영향을 미치는 요인에 대한 연구가 대기업이나 특정 산업에 국한되어 이루어지고 있으며, 연구마다 영향요인 변수의 검증결과가 상이하게 나타나 산업/기업특성에 따라 연구가 필요하다. 본 연구의 목적은 농업벤처기업에서 새로운 ICT인 빅데이터를 도입하고 사용하는 데 영향을 미치는 요인을 파악하고, 이를 통해 기대하는 편익에 대해 파악함으로써 활용을 촉진할 수 있는 방안을 제시하는 데 있다. 본 연구는 빅데이터가 조직의 프로세스를 변화시키고, 최고경영층의 지원이 필수적이며, 기업이 처한 환경적 압박에 대응할 수 있는 수단으로 보고 기술·조직·환경(TOE: Technology-Organization-Environment) 프레임워크를 기반으로 혁신확산이론(Diffusion of Innovation Theory) 모형을 결합하여 본 연구에 적합한 변수들을 도출한 후 이들 변수간의 인과관계를 설정하여 연구모형을 구성하였다. 이에 따라 TOE모형의 기술적 요인에 관한 변수로는 혁신확산이론 변수인 상대적이점, 호환성, 복잡성을 채택하였고, 조직적 요인에 관한 변수로 최고경영층 지원, 비용부담능력을, 환경적 요인에 관한 변수로는 법적·정책적 지원, 경쟁자 압력을 채택하였다. 이들 3가지 요인에 속한 7가지 변수들과 빅데이터 사용의도와 기대편익 간의 관련성, 그리고 농업벤처 사업분야의 조절효과에 대한 8개의 가설을 설정하였다. 본 연구는 실제 농업벤처기업 종사자 대상 설문을 통한 실증연구를 통해 벤처 현장에서의 빅데이터 활용수준을 높이기 위한 기술적, 조직적, 환경적 관점의 정책 개선방안을 제시하고, 생산/가공/유통 등 사업분야별 비교를 통해 영향요인의 중요도 차이를 규명해 영역별로 차별적이고 효과적인 정책 방향성을 도출하는 데 시사점을 제시하고자 한다.

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Variables Associated with Adolescent Deviant Behaviors (청소년의 경비행에 영향을 미치는 요인)

  • Kang, Hee Kyung
    • Korean Journal of Childcare and Education
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    • v.6 no.3
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    • pp.45-63
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    • 2010
  • The purpose of this investigation was to examine the mediating effects of delinquent peers between attachment to parents, low self-control and adolescent deviant behaviors. After specifying a research model based on Gottfredson and Hirschi's general theory of crime and Hirschi's control theory of delinquency, the study analysed the model using structural equation modeling. The data for this investigation came from a sample of 2,448 Korean adolescents. The results showed the both measurement model and structural model had a good fit to the data and all paths of structural model were statistically significant. The main findings were the attachment to parents and low self-control had direct and indirect effects on adolescent deviant behaviors through delinquent peers. The implications for practical intervention and further research in the field of delinquency were discussed.

A Multi-level Longitudinal Analysis of the Land Price Determinants (지가형성요인의 다수준 종단 분석)

  • Lee, Chang Ro;Park, Key Ho
    • Journal of the Korean Geographical Society
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    • v.48 no.2
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    • pp.272-287
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    • 2013
  • This paper describes the importance of selecting explanatory variables(e.g. land price determinants) in hedonic pricing models employed in predicting real estate price, and explores dynamics of the land price determinants over time. The City of Junju was chosen as the study area, and repeated measured price data of standard lots over 17 years were analyzed. We applied a three-level modeling approach to this data in consideration of its nested data structure and longitudinal characteristics. Main land price determinants we focused on are primarily based on items included in the standard comparison table of land price, which is an official hedonic pricing model used by Government to estimate land price for tax levy. Our result shows that the land price fluctuation over 17 years was not uniform over the whole study area with each neighborhood revealing different price trend, and as such warrants longitudinal model components. In addition, some of determinants previously recognized as important were proved insignificant. It was also found that significant determinants at a particular time point lost its power gradually over time and vice versa. It is expected that more accurate prediction of price would be possible when taken account for this dynamics of price determinants over time in applying hedonic pricing model method.

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Estimating Adolescent's Changes in Overt Aggression : Tests of Effects of Ecological Factors on Individual Differences in the Changes (다층모형을 적용한 청소년의 외현적 공격성 변화 추정 : 변화에 있어서의 개인차에 대한 생태학적 요인 검증)

  • Kim, Dong-Ki;Hong, Se-Hee
    • Survey Research
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    • v.8 no.2
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    • pp.21-42
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    • 2007
  • In the present study, we studied the change patterns of adolescents' overt aggression during the middle school 2nd to the high school 1st grades and the effects of ecological factors on the change. For the research goals, we applied multi-level models to the Korean Youth Panel data. Results showed that adolescents' overt aggression decreased significantly during the period. Gender(males recoded as 1) and self-control had negative effects on the initial status(middle school 2nd grade) while the number of delinquency peers had a positive effect. On the other hand, gender and self-control showed positive effects on the change rate. The major strengths of the research are the study of various ecological factors and the longitudinal design. Few studies of adolescents' aggression have incorporated these methodological and substantive characteristics.

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A Longitudinal Study of the Ecological-Systemic Factors on School Absenteeism in South Korean Children - A Panel Fixed Effects Analysis - (아동의 학교결석일 변화에 영향을 미치는 생태체계요인에 관한 종단연구 - 패널고정효과모형을 활용하여 -)

  • Kim, Dong Ha;Um, Myung Yong
    • Korean Journal of Social Welfare
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    • v.68 no.3
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    • pp.105-125
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    • 2016
  • School absenteeism is considered one of the early predictors of school drop-out and serious delinquency or criminal behavior. The primary goal of the current study was to explore the protective and risk factors related to changing school absenteeism over time based on the ecological-systemic perspective. The data was derived from the Korean Children and Youth Panel Survey (KCYPS) using the 2011 and 2012 survey waves collected from 2,378 elementary school students. Using this data, Panel Fixed Effects Analysis was conducted. Major findings indicated that daily computer usage, parental abuse, school activity attendance, and school grades had an effect on students missing school days over time. Specifically, high levels of computer usage and parental abuse were related to increased school absenteeism, while high levels of school activity attendance and school grades were associated with decreased school absenteeism. These findings emphasized the importance of predictive intervention for children and suggested the need to construct a school absenteeism monitoring system in South Korea.

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Antecedents of Customer Loyalty in the Context of Sharing Accommodation: Analysis of Structural Equation Modelling and Topic Modelling (공유숙박업에서 고객 충성도에 영향을 미치는 요인: 구조 방정식 모형과 토픽 모델링 분석)

  • Kim, Seon ju;Kim, Byoungsoo
    • Knowledge Management Research
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    • v.22 no.3
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    • pp.55-73
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    • 2021
  • The sharing economy is considered as a collaborative consumption which enables customers to share unused resources. This study investigated the key factors affecting consumer loyalty in the context of sharing accommodation. Emotions, perceived value and self-image consistency were posited as key antecedents of enhancing customer loyalty. Authentic experience, home amenities, and price fairness were also considered as Airbnb's selection attributes. Airbnb was selected a survey target because it is the largest company in the domain of shared accommodation market. The research model was analyzed for 294 Airbnb customer through structural equation models. Additionally, this paper examine Airbnb customers' experiences by topic modelling method posted on the Naver blog. Based on the understanding of the key factors affecting customer loyalty to sharing accommodation, the analysis results contribute to establish effective marketing and operation strategies by enhancing customer experience.

Development of Garlic & Onion Yield Prediction Model on Major Cultivation Regions Considering MODIS NDVI and Meteorological Elements (MODIS NDVI와 기상요인을 고려한 마늘·양파 주산단지 단수예측 모형 개발)

  • Na, Sang-il;Park, Chan-won;So, Kyu-ho;Park, Jae-moon;Lee, Kyung-do
    • Korean Journal of Remote Sensing
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    • v.33 no.5_2
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    • pp.647-659
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    • 2017
  • Garlic and onion are grown in major cultivation regions that depend on the crop condition and the meteorology of the production area. Therefore, when yields are to be predicted, it is reasonable to use a statistical model in which both the crop and the meteorological elements are considered. In this paper, using a multiple linear regression model, we predicted garlic and onion yields in major cultivation regions. We used the MODIS NDVI that reflects the crop conditions, and six meteorological elements for 7 major cultivation regions from 2006 to 2015. The multiple linear regression models were suggested by using stepwise regression in the extraction of independent variables. As a result, the MODIS NDVI in February was chosen the significant independent variable of the garlic and onion yield prediction model. In the case of meteorological elements, the garlic yield prediction model were the mean temperature (March), the rainfall (November, March), the relative humidity (April), and the duration time of sunshine (April, May). Also, the rainfall (November), the duration time of sunshine (January), the relative humidity (April), and the minimum temperature (June) were chosen among the variables as the significant meteorological elements of the onion yield prediction model. MODIS NDVI and meteorological elements in the model explain 84.4%, 75.9% of the garlic and onion with a root mean square error (RMSE) of 42.57 kg/10a, 340.29 kg/10a. These lead to the result that the characteristics of variations in garlic and onion growth according to MODIS NDVI and other meteorological elements were well reflected in the model.

Development of Elderly Walking Independence Index Model (고령자 보행자립도(능력) 측정모형 개발)

  • ROH, Chang-Gyun;PARK, Bum Jin;MOON, Byungsup
    • Journal of Korean Society of Transportation
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    • v.33 no.4
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    • pp.348-356
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    • 2015
  • In 2026, in ten years from now, Korea is expected to enter into a super aged society. By facing this social phenomenon, analyzing the elderlies and preparing measures are needed among society. In the transportation field, the traffic accidents which are related to the elderly pedestrians have drastically increased so that R&D projects and policy supplementations are introduced. However very few base studies on which focused on the behavior, capability, impact factors analysis of for elderly pedestrians are conducted. To determine the walking capability, this study divided the walking capability into 3 three categories - general, health and exercise. It carries out the comprehensive survey targeting 52 elderlies with the average age of 72.6 years and this survey is made up of total 12 factors in the 3 three categories. This survey also is conducted with various measuring devices and methods such as interview, National Fitness Award, SPBB, Cybex and the like for. From the 12 detailed factors, the general factors such as age, physical shape and so forth have little impact on the walking speed. However the factors that have the greatest impact on the walking speed are extensor muscle on lower limbs in the health factors and balance, coordination, and SPPB in the exercise factors. With these results, this study develops the independent walking model which can measure the walking capability of the elderly people. The developed model is expected to be utilized as the base study for elderly's walking patterns in the transportation field by examining the walking capability of the older people.