• 대한인간공학회지
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• 제27권3호
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• pp.53-60
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• 2008

The work-related musculoskeletal disorders have constantly increased since it became an issue in 1996. In 2002, the Government established the risk factors analysis system in order to prevent musculoskeletal disorders. The proclamation by the Ministry of Labor defined eleven spheres of work associated with musculoskeletal disorders. As a result, business proprietors, who have workers engaged in tasks associated with musculoskeletal disorders, are required to conduct the risk factor analysis on a regular basis every three years. However, numerous issues have been raised while carrying out the risk factor analysis in various industries. One of the issues is that even though work sampling is an ideal method in risk factor analysis, most cases have selected extreme task postures, which is judged by an expert, due to limited time. This study will propose the desired direction of the risk factor analysis by comparing task assessment results between work sampling scenes and extreme task scenes.

• Journal of the Korean Data and Information Science Society
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• 제23권2호
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• pp.365-374
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• 2012

Weather derivatives designed to manage casual changes of weather, as opposed to catastrophic risks of weather, are relatively a new class of financial instruments. There are still many theoretical and practical challenges to the effective use of these instruments. The objective of this paper is to develop a pricing approach for valuing weather derivatives and presents a case study that is practical enough to be used by the risk managers of electrical utility firms. Utilizing daily average temperature data of Guangzhou, China from $1^{st}$ January 1978 to $31^{st}$ December 2010, this paper adopted a univariate time series model to describe weather behavior dynamics and calculates equilibrium prices for weather futures and options for an electrical utility firm in the region. The results imply that the risk premium is an important part of derivatives prices and the market price of risk affects option values much more than forward prices. It also demonstrates that weather innovation as well as weather risk management significantly affect the utility's financial outcomes.

• 국제학술발표논문집
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• The 2th International Conference on Construction Engineering and Project Management
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• pp.140-149
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• 2007

Indian construction companies have only 0.05% market share in the 3-4 trillion dollar global construction business and only two Indian construction companies figure in the ENR "Top 225 Global Contractors 2006" list. Hence, while enormous scope for growth exists, international construction experience is limited. This study explores the risks as perceived by Indian companies venturing abroad since risks in international construction differ from home market risks. Literature survey identified a number of risk factors that were evaluated by the experts, highlighting fourteen important risk factors. Interpretive Structural Modelling (ISM) was used to develop a hierarchical model showing the relationships between the different risk factors, thus helping to focus on the key risks for effective risk management. The study shows that poor project management is a key risk forming the hub of the system, while political instability has maximum influence. The results of the study can be used by managers to visualise the risks in perspective and prioritise the mitigation effort.

• 유통과학연구
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• 제21권5호
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• pp.43-51
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• 2023

Purpose: The current research investigates the beneficial impacts of supply chain innovation and risk management on the competitive advantage of organizations, based on the resource-based theory (RBT) framework. Research Design, Data, and Methodology: 14 survey items were included in the study's questionnaire, utilizing a random sampling technique to gather data from 239 leaders and managers employed by various steel trading firms in Vietnam. In order to validate the data and examine relationships, the collected data is analyzed using structural equation modeling, confirmatory factor analysis, and reliability analysis via SPSS 22.0 and AMOS 22.0 software. A fictitious system has been suggested. Results: According to the findings, the most positive influence on competitive advantage is supply chain innovation, followed by risk management capability, having the second greatest positive influence. Conclusions: Some conclusions are drawn based on the research's findings in order to assist managers in realizing the significance and necessity of giving attention to supply chain innovation and improving risk management capabilities, both of which are essential components for achieving the competitive advantage of an organization.

• 한국산학기술학회논문지
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• 제17권10호
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• pp.635-646
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• 2016

본 논문에서는 한국의 주택분양시장과 전세시장 간의 특징적인 상관관계를 고려하여 선분양제도 하에서 분양물량과 전세물량을 동시에 공급하여 안정적으로 주택사업을 수행할 수 있는 주택사업모델을 제안하고자 한다. 본 논문에서 제안한 주택사업모델 상에서 분양물량 및 전세물량의 비율 변화에 따른 위험분산효과를 검토하기 위하여 마코위츠 포트폴리오 이론을 활용하였다. 분양물량과 전세물량을 결정하기 위하여 분양물량을 결정하는 대리변수로 주택매매가격지수를, 전세물량을 결정하는 대리변수로 주택전세가격지수를 활용하였다. 또한 주요 지역을 대상으로 제안한 주택사업모델의 지역별 위험분산효과를 확인하였다. 분석 결과를 종합하면, 먼저 본 연구에서 제안한 주택사업모델은 시장 변동에 따라 특징적인 동태적 관계를 가지고 있는 매매시장과 전세시장의 특성을 반영한 방안임에 따라 위험분산효과는 존재하는 것을 확인되었다. 이는 결국 본 논문에서 제안하는 주택사업모델이 기본적인 가능성을 확인시켜줄 수 있을 것으로 판단된다. 또한 지역별 주택시장 특성에 따른 가격변동 리스크에 효과적으로 대응할 수 있는 것으로 나타났다. 본 논문에서 제안한 주택사업모델을 통해 시행사, 건설회사, 소비자 및 정부 등 각종 시장 참여주체들은 각각 다양한 효과를 기대할 수 있다. 하지만 실제적으로 본 모델을 시장에 적용하기 위해서는 정부의 재정적 지원이 필요할 것으로 판단된다.

• 벤처창업연구
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• 제14권5호
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• pp.115-125
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• 2019

본 연구는 창업자들의 기업가정신과 창업환경인식이 경영성과에 미치는 영향을 연구하였다. 특히 정부의 창업지원사업 참여정도를 조절변수로 하여 각 독립변수들이 종속변수에 미치는 영향의 차이를 분석하였다. 이를 위해 문헌연구를 통해 기업가정신에 해당하는 변수들을 도출하고 창업환경인식에 해당하는 변수를 도출하였다. 기업가정신에 해당하는 변수로는 혁신성과 위험감수성을 선정하였고, 창업환경인식에 해당하는 변수로는 시장환경과 제품환경을 선정하였다. 위 변수와 조절효과로 정부의 창업지원사업 참여정도를 포함하여 연구모형을 완성하였다. 실증분석을 위한 데이터는 2018년에 대구지역의 7년 미만 창업기업을 대상으로 자료를 수집하였다. 총 데이터는 601부의 설문을 취합하였고 이중 불성실한 답변을 제거한 후 399부의 데이터가 본 연구에 사용되었다. 분석결과 혁신성은 경영성과에 부정적인 영향이 나타났고 위험감수성, 시장환경, 제품환경은 경영성과에 긍정적인 효과가 나타났다. 조절효과 측면에서는 혁신성의 경우 정부창업지원사업 참여가 높을수록 부정적인 효과가 완화 되었고, 위험감수성과 제품환경은 정부창업지원사업을 많이 하는 기업에서 시장환경은 정부지원사업을 작게 참여하는 집단에서 강한 영향을 보여 주었다. 본 연구는 창업기업들의 경영성과에 영향을 미치는 기업가정신과 창업환경인식의 중요성과 필요성을 확인하였고 정부의 창업지원사업이 창업성과에 미치는 실질적인 효과를 다루었다는 측면에서 의미가 있다.

• 정보학연구
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• 제7권4호
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• pp.103-117
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• 2004

최근 경영환경의 불확실성이 커짐에 따라 신규사업 분야 진출, 해외시장 개척 등에 따른 전략 수행상의 리스크, IT 관련 리스크 등 운영상의 리스크가 점점 커지고 있으며, 이러한 리스크의 범주도 확대되고 있다. 최근에 리스크에 대한 개념은 기업의 목적(objectives) 달성에 장애가 되는 요소는 모두 리스크의 범주에 포함시키고 있다. 좀 더 세부적으로 살펴보면 기업을 구성하고 있는 기능, 프로세스의 목적을 정의하고 목적달성에 장애가 되는 요인은 모두 리스크로 정의하고 있는 차원에서 본 논문은 우리나라 기업의 효율적인 리스크관리 방안을 살펴보는 것이다.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.75-81
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• 2020

This study aims to empirically test the effect of liquidity and adequacy on bank performance through interest rate risk and credit risk. Capital adequacy and liquidity are variables that can affect the ups and downs of opinion, where the bank's performance in this study is the dependent variable. Good credit distribution can minimize the occurrence of defaults. This study uses banking companies in Indonesia that are listed on the Indonesian stock exchange, with a total number of 43 banking companies, this study however, uses only 30 companies ranging from years 2014 to 2019, primarily due to the availability of the limited data. The data analysis techniques used in this study is PLS-SEM with the WarpPLS application. The research results show that capital adequacy and liquidity has a positive effect on bank performance, interest rate risk and credit risk can mediate capital adequacy on bank performance, interest rate risk can mediate liquidity on bank performance, and interest rate risk has a positive effect on bank performance. However, credit risk can't mediate liquidity on bank performance and credit risk does not have a positive effect on bank performance. This is in line with the commercial loan theory, shiftability theory and the doctrine of anticipated income, which explains how best to give credit, both in longer and the shorter term.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.63-71
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• 2020

In this paper, we propose the new time-varying coefficient GARCH-in-Mean model. The benefit of our model is to allow the risk-return parameter in the mean equation to vary over time. At the end of 2019 to the beginning of 2020, the world witnessed two shocking events: COVID-19 pandemic and 2020 oil price war. So, we decide to use the daily data from December 2, 2019 to May 29, 2020, which cover these two major events. The purpose of this study is to find the dynamic movement between risk and return in four major oil markets: Brent, West Texas Intermediate, Dubai, and Singapore Exchange, during COVID-19 pandemic and 2020 oil price war. For the European oil market, our model found a significant and positive risk-return relationship in Brent during March 26-April 21, 2020. For the North America oil market, our model found a significant positive risk return relationship in West Texas Intermediate (WTI) during March 12-May 8, 2020. For the Middle East oil market, we found a significant and positive risk-return relationship in Dubai during March 12-April 14, 2020. Lastly, for the South East Asia oil market, we found a significant positive risk return relationship in Singapore Exchange (SGX) from March 9-May 29, 2020.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.873-880
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• 2021

The purpose of this study is to investigate the impact of internal control on credit risk of joint stock commercial banks in Vietnam from 2007 to 2018. Furthermore, we specify bank-specific characteristics and macroeconomic conditions, and analyze how these factors affect credit risk of banks: the number of board members, the number of board members with banking or finance background as ratio of total board members, loans to total assets ratio, loans to deposit ratio, the number of days between the year-end and the publication of the financial statements, and the use of top four auditing firms proxy for five elements of internal control. By using the dataset of 30 Vietnamese joint stock commercial banks and Bayesian linear regression via Random-walk Metropolis Hastings algorithm, the results of this study show that five elements of internal control have a impact on bank credit risk, namely, control environment, risk assessment, control activities, information and communication, and monitoring activities. For factors of banks' characteristics, bank size and financial leverage have a negative impact on banks' credit risk, and bank age has a positive effect. For macroeconomic factors, inflation has a positive impact and economic growth has a negative impact on banks' credit risk.