• 산업경영시스템학회지
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• 제41권2호
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• pp.47-55
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• 2018

The Korean Ministry of Education (MOE) required cash flow statements, instead of fund statements, as a component of the financial statements of the Industry-Academic Cooperation Foundations (IACF) when it revised IACF accounting rules in 2012. While the fund statements were aligned its accounts to the operating statements' accounts level, the newly adopted cash flow statements' accounts retreated to two levels higher than those of the operating statements. It may be resulted from the consideration that IACFs' burden of preparing cash flow statements especially in direct method. To help IACFs prepare the cash flow statements, MOE's guidance on IACF accounting rules introduced cash flow statement preparation method and presented a practical example, but it did not check whether the accounts of the cash flow statement were reconciled to the accounts of corresponding balance sheet and operating statement. That means that the guidance still lacks how to assure it was accurately prepared. Our study proposed cash flow statement preparation using reconciliation method which reconciles cash flow statement accounts' amounts to balance sheet and operating statement accounts' amounts with integrity checking and also provided a practical example by using the same case in MOE's guidance on IACF accounting rules to help IACF accounting personnel to prepare a cash flow statement efficiently.

• 한국병원경영학회지
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• 제11권3호
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• pp.19-41
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• 2006

The Objective of this study was to design the model which predict the future cash flow of hospitals and on the basis of designed model to support sound hospital management by the prediction of future cash flow. The five cash flow measurement variables discussed in financial accrual part were used as variables and these variables were defined as NI, NIDPR, CFO, CFAI, CC. To measure the cash flow B/S related variables, P/L related variables and financial ratio related variables were utilized in this study. To measure cash flow models were designed and to estimate the prediction ability of five cash flow models, the martingale model and the market model were utilized. To estimate relative prediction outcome of cash flow prediction model and simple market model, MAE and MER were used to compare and analyze relative prediction ability of the cash flow model and the market model and to prove superiority of the model of the cash flow prediction model, 32 Regional Public Hospital's cross-section data and 4 year time series data were combined and pooled cross-sectional time series regression model was used for GLS-analysis. To analyze this data, Firstly, each cash flow prediction model, martingale model and market model were made and MAE and MER were estimated. Secondly difference-test was conducted to find the difference between MAE and MER of cash flow prediction model. Thirdly after ranking by size the prediction of cash flow model, martingale model and market model, Friedman-test was evaluated to find prediction ability. The results of this study were as follows: when t-test was conducted to find prediction ability among each model, the error of prediction of cash flow model was smaller than that of martingale and market model, and the difference of prediction error cash flow was significant, so cash flow model was analyzed as excellent compare with other models. This research results can be considered conductive in that present the suitable prediction model of future cash flow to the hospital. This research can provide valuable information in policy-making of hospital's policy decision. This research provide effects as follows; (1) the research is useful to estimate the benefit of hospital, solvency and capital supply ability for substitution of fixed equipment. (2) the research is useful to estimate hospital's liqudity, solvency and financial ability. (3) the research is useful to estimate evaluation ability in hospital management. Furthermore, the research should be continued by sampling all hospitals and constructed advanced cash flow model in dimension, established type and continued by studying unified model which is related each cash flow model.

• East Asian Economic Review
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• 제26권4호
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• pp.279-304
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• 2022

This paper quantitatively analyzes the current status of North Korean consumer payment instruments through a questionnaire survey of 292 North Korean defectors. In the 2010s, it was found that the payment experience ratio of domestic currency cash and grain decreased, while the payment experience ratio of foreign currency cash increased. The use of foreign currency reached a stage where it was spread not only as a store of value but also as a medium of exchange. However, the most frequently used payment instrument by North Korean consumers was still domestic currency cash. By region, in inland urban areas both domestic currency cash and U.S. dollars are used and in the North Korea-China border region both domestic currency cash and Chinese yuan are used, while in inland rural areas dollarization does not occur because both domestic currency cash and grain are used. Meanwhile, despite the stable price trend during 2013-2019, the dollarization hysteresis effect is appearing, and both the purchasing power risk theory and the network externality theory are considered to have explanatory power for the cause. The results of this paper suggest that as dollarization is intensifying, it is expected that more costs such as shortages of commodities will be incurred than in the past if North Korea's de-dollarization policy is reimplemented. Also, in the case of domestic currency cards, which the North Korean authorities introduced in 2015 as part of a means of financial reform, this paper suggests that it may continue to be difficult for domestic currency cards to normalize official finance under the dollarization hysteresis.

• 한국사회복지학
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• 제58권4호
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• pp.93-118
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• 2006

본 연구는 독일 가족정책의 젠더적 성격을 파악하기 위해 가족정책의 실천영역을 가족의 임금노동과 양육노동의 지원으로 제한하고 현금, 시간, 보육인프라로 구분하여 분석해 보았다. 그리고 정책의 결과로 나타나는 출산율과 여성취업률의 변화를 살펴보았다. 독일은 가족과 아동에 대한 사회복지지출비용 중 현금급여의 비중이 유럽 내의 국가들 중 상위집단에 속하면서도 아동수당의 보수적 지향성과 부모시간 기간의 양육수당의 적절성 측면에서 임금대체의 수준이 낮아 성분업의 유지가능성이 여전히 완화되지 않고 있었다. 그리고 0-2세 아동에 대한 공보육 지원의 수준이 낮아 노동자의 가족과 직장의 양립에 있어 양 영역의 순차적 양립은 가능하나 동시적인 병행이 불가능한 성분업적 특질이 형성되고 있었다. 따라서 앞으로는 소득수준과 연동하여 현금급여체계를 재구성하고, 노동시장모델 또한 개인노동자모델로 전환하여 근로자로서의 부모의 양육욕구를 젠더적 관점에서 담아낼 수 있는 시간정책과 보육인프라정책의 강화가 요구되고 있었다.

• 보건행정학회지
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• 제19권2호
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• pp.36-50
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• 2009

Korean Government had performed three pilot programs to introduce the long term care insurance system. Persons aged 65 or older who are dependent on others for daily living could use long term care services in the pilot program. The long-term care insurance covered nursing home services, home care services and cash benefits. The cash benefits are included that for elderly at home and for patients in geriatric hospital. This study investigated whether there had been any change in the medical care utilization according to cash benefits for geriatric hospitalization. This study used National Health Insurance claims and Long term Care Insurance claims 2003 through 2006. Data were composed of subjects who undertook both insurance coverage. The subjects was divided into two groups. Case group included participants with the cash benefits of geriatric hospitalization. Control group included persons without the cash benefits selected by random sampling according to the distribution of case group. This study showed that the amount of medical care utilization of the case group is more significantly increased than the control group after adjusted their health condition and functional condition. This result will be helpful for making decisions on whether the cash benefit of geriatric hospitalization can be introduced into long term care insurance system.

• 경제분석
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• 제17권2호
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• pp.56-89
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• 2011

금융시장이 불완전하면 기업투자가 현금흐름에 대해 민감하게 반응한다. 한국의 기업 자료를 이용하여 투자의 전환회귀모형을 추정한 결과, 기업투자의 현금흐름 민감도가 통계적으로 유의하게 나타났다. 재벌소속기업과 대기업의 경우에 고민감도체제로 전환될 가능성이 크며, 회사채등급과 유동비율은 양호할수록 저민감도체제로 전환될 수 있다. 외환위기 이후에 기업투자의 현금흐름 민감도는 약화되었으나 회사채등급과 유동비율이 민감도에 미치는 영향은 더욱 유의해졌다. 또한 경제 전체의 투자-현금흐름 민감도는 통화 긴축기간에 커지는 것으로 나타났다. 이는 한국경제에서 통화정책의 신용경로가 작동하고 있다는 증거로 해석된다. 통화정책은 경제 전체에 영향을 미칠 뿐 아니라 기업특성에 따라 차별적인 효과를 나타낸다는 점을 통화당국은 고려해야 할 것이다.

• KDI Journal of Economic Policy
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• 제43권2호
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• pp.103-123
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• 2021

This paper examines the impact of the regional cash subsidies which were granted in some districts in addition to the national universal stimulus payment in South Korea related to the COVID-19 pandemic. We evaluate the effects of the cash distribution per resident on aggregate credit and debit card sales and sales by industry using the difference-in-difference method. The increment in card spending due to the cash subsidy is about 1.58%p in total, and this effect is concentrated within a single month. The consumption stimulating effect is prominent among (semi)-durable goods that do not require close interactions between customers and sellers. In contrast, the effect is relatively small in the high-contact face-to-face service sectors and restaurants, areas the COVID-19 pandemic hit directly. On the other hand, some service sectors where customers could wear face masks, such as education and fitness, experienced a substantial sales boost due to the cash subsidy.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.373-381
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• 2021

This study aims to investigate the impact of financial distress on the cash holding of non-financial companies in Indonesia as the largest emerging economy among ASEAN countries. Furthermore, the sub-sample business group to be investigated were divided into two, groups namely affiliated and non-affiliated groups. This was carried out to ascertain the difference in the impact of financial distress on cash holding between both groups. Sample collection was based on all firms listed on the Indonesian Stock Exchange (IDX) during 2008-2017, comprising 137 firms. The results showed that using the two-step system Generalized Method of Moments (GMM), the coefficients for financial distress (Z-Score) indices were positive and significant for all models. Therefore, the higher the Z-Score value, the lower the company's financial distress and vice versa. This implies that the lower the company's financial distress, the lower the cash holding. Furthermore, a positive and significant impact of the Z-Score on cash holding for non-affiliated groups was discovered. This implies that there are differences in the amount of cash holding between affiliated and non-affiliated groups. This result indicates that non-affiliated groups hold more cash during financial distress. However, these results had cash policy implications, particularly for non-affiliated groups.

• 예술인문사회 융합 멀티미디어 논문지
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• 제6권2호
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• pp.169-178
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• 2016

최근 우리나라에서 장애인의 수가 증가하고 있으며, 특히 전체 장애인의 수에서 장애아동이 차지하는 비율이 약 5%를 넘는 것으로 나타났다. 이에 따라 장애아동에 대한 관심이 증가하면서 급여정책에 대한 이용자 만족도를 중심으로 한 연구가 진행되고 있지만, 현금과 바우처 이용자 만족도를 비교 및 영향 요인에 대한 연구는 부족하였다. 이러한 문제인식과 연구의 필요성을 바탕으로 장애아동정책의 급여형태에 다른 이용자 만족도를 연구함으로써, 궁극적으로 급여정책에 대한 함의를 이끌어내는 것을 그 목적으로 두고 있다. 인구사회학적특성이 이용자 만족도에 미치는 영향에 대하여 분석한 결과, 현금급여에는 장애등급이 이용자 만족도에 영향을 미치는 것으로 나타났다. 바우처에는 부모성별, 장애등급, 평균소득이 이용자 만족도에 영향을 미치는 것으로 나타났다. 연구의 함의는 다음과 같이 제시하였다. 첫째, 장애아동의 인구사회학적특성을 고려하여 맞춤형 서비스를 제공해야 한다. 둘째, 현금급여의 지급액 및 범위를 확대해야 한다. 셋째, 현금급여, 바우처의 서비스량을 확대 지급해야 한다. 넷째, 저소득층(기초수급자, 차상위계층)의 경제적 부담에 도움이 되도록 바우처를 제공해야 한다.

• 유통과학연구
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• 제20권3호
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• pp.53-58
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• 2022

Purpose: Controlling and minority shareholders sometimes have conflicting interests. Controlling shareholders who do not have adequate monitoring can exhibit a strong tendency to maximize their personal wealth. In this case, cash holdings can be the easiest means for them to pursue their personal interests. This study examined whether the largest shareholder's ownership proportion affected the speed at which firms adjust their cash holdings to target levels in Korean distribution and service companies. Research design, data, and methodology: The study uses regression analysis to examine 834 firm-year samples listed on the KOSPI between 2013 and 2018 in the distribution and service sectors. Results: The largest shareholder's ownership is positively related to a firm's cash holdings adjustment speed. That is, the larger the largest shareholder's ownership, the faster the firm adjusts its cash holdings to achieve the target level. Conclusions: This study contributes to the literature by providing evidence that the cash holdings adjustment speed in Korean service and distribution companies is affected by the largest shareholder's ownership. As the agency problem between controlling and minority shareholders in Korea is a major issue, minority owners' sensitivity to agency costs may help restrict controlling owners' ability to maximize their personal wealth.