• 한국지역사회생활과학회지
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• 제21권1호
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• pp.91-103
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• 2010

The purpose of this study was to find the differences of household characteristics between homeowners and renters. The data was drawn from the 2002 Korean Labor and Income Panel Study and conducted by the Korea Labor Institute. 3,743 households were selected. The householder's mean age of homeowners was found to be 8 years older than those of renters, and the households in Seoul showed a higher rent ratio than those in other areas. The levels of household financial elements for homeowners were found to be higher than those of renters. Moreover, the levels of total real estate assets for homeowners were higher than those for renters, and the levels of total debt, and the debt from financial institutes were also higher than those for renters, reflecting that most Korean households may use loans from financial institutes for holding real estate assets. The results of the Chow-test showed that the group of homeowners and renters were significantly different in terms of socio-demographic and financial factors affecting the ratio of real estate assets to total asset.

• 대한가정학회지
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• 제44권1호
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• pp.115-129
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• 2006

The purpose of this study was to investigate factors related to the parental role in satisfaction and parenting behaviors. The subjects were 102 employed mothers and 110 unemployed mothers of 5-year-old children living in Seoul, Korea. The measures were questionnaire, the Parental Role Satisfaction Scale and the Parenting Behaviors Scale. The data were analyzed by Cronbach's ${\alpha}$, frequency, percentile, mean, correlation, multiple regression and Chow-test. Consistent with Belsky's model of the determinants of parenting, the parental role satisfaction and parenting behaviors of both employed and unemployed mothers were influenced by child characteristics, parent characteristics, and family factors. Results showed that the parental role satisfaction of both employed and unemployed mothers was correlated to child's birth order, temperament and health of child, mothers' and fathers' age, fathers' educational level, and family income. Parenting behaviors were also correlated to sex of child, child's birth order, temperament of child, parental educational level, and family income for employed mothers and to health of child, mothers' and fathers' age, mothers' educational level, and family income for unemployed mothers. Especially, father's age for employed mothers, and child's temperament for unemployed mothers, were the most strongly related variables for parental role satisfaction. On the other hand, family income for employed mothers, and fathers' age for unemployed mothers were the most strongly related variables for parenting behaviors.

• 한국의류산업학회지
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• 제13권1호
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• pp.25-31
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• 2011

The purpose of this study was to investigate the influence of luxury brand value on luxury brand preferences according to chemyon(social-face). For data collection, research questionnaires were responded by 222 females over 20 years old consumers living in Pusan and Ulsan. The collected data were analyzed using SPSS 14.0 for windows Package by frequency analysis, the factor analysis using Varimax, reliability analysis, multi-regression analysis, and chow-test. The results of this study were as follows: First, concerning the worth of luxury brands that qualify value, conspicuous value, unique value, and emotional value significantly affected the consumers' luxury brand preferences. On the other hand, only social value of the luxury brand did not have a significant effect on the consumers luxury brand preferences. Second, the study was to investigate whether the luxury brand value has an effect on the brand preferences according the consumer's chemyon or not. The results showed different effects of perceived values on luxury brand preferences between the low chemyon group and the high chemyon group. The high chemyon group had an effect on conspicuous value, social value, and emotional value, while the low chemyon group had an effect on quality value for luxury brand preference.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.23-31
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• 2020

This paper investigates the impact of monetary policy independence shock on bond yield by allowing for heterogeneous coefficients in the model based on panel data for 19 developing countries using quarterly data from 1991 to 2016. First, we estimate the model using conventional panel VAR estimation with the assumption of homogeneous coefficients across countries. Second, by performing Chow and Roy-Zellner tests to check the homogeneity assumption, we find that the assumption does not hold in the model. Third, we apply a mean-group estimation for panel VAR as a solution for heterogeneity panel model. The results reveal that central bank independence is effective in reducing bond yield with the maximum at period 6 after the shock. Shock one standard deviation bond yield has a negative effect on consumption and investment. We determine that central bank independence has a contradictory effect on real activity; a negative effect on consumption but a positive influence on investment for the first two years after the shock. Additionally, we split our sample into three groups to make the subgroups pool. Our empirical result shows that monetary policy independence shock reduces bond yield. Meanwhile, the response of economic activity to bond yield varies for all three groups.

• International Journal of Contents
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• 제9권2호
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• pp.27-37
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• 2013

From the perspective of the domestic capital markets, there have been few researches on the financial characteristics of the firms belonging to the KOSDAQ(Korea Securities Dealers Automated Quotation) market, in comparison with those of the firms in the KOSPI. This study has performed three hypothesis tests to obtain the following results: By employing the 'panel data' analysis, it was found that, for the book-value based leverage, all of the six proposed IDVs were statistically significant as the financial determinants of leverage, across the two proxies measuring profitability (i.e., PFT and ROE), while all of the IDVs except VOLATILITY, also seemed to be the attributes to explain the market based dependent variable in the model with the PFT. Moreover, there may be statistically significant (structural) changes (or quasi-experiment) ) between the pre- and post-U.S. financial crisis in the year of 2008, when measured the leverage with the market-value basis with utilizing the Chow F-test. Finally, based upon the logistic regression results, the probability for a firm to be classified into the Prime section in the KOSDAQ market, may be higher, as its profit margin and asset turnover increase.

• East Asian mathematical journal
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• 제38권5호
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• pp.617-641
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• 2022

In this study, we first present a brief overview of the Korean general insurance market. We then explore the characteristics of the loss ratios of the Korean general insurance industry and apply Markov regime-switching methodology to model the loss ratios of these insurance companies by line of business based on changes in economic regimes. This study applies a number of confirmatory tests such as Zivot-Andrews test (2002), the Chow (1960) test and the Bai and Perron (1998) to confirm the presence of structural breaks in the time series of the loss ratios by line of business. Then, we employ Markov regime-switching methodology to model these loss ratios. We find empirical evidence that the loss ratios reported by insurance companies in Korea is characterized by two distinct regimes; a regime with high volatility and a regime with low volatility, except for vehicle insurance. Our analyses suggest that macro-economic conditions have significant explanatory effect on loss ratios but the direction of effect differs based on the line of business and the regime. Unlike previous studies that have applied linear regressions or divided the samples into different periods and then apply linear regressions to model loss ratios, we argue for the application of Markov regime-switching methodology, which are able to automatically distinguish the different regimes that may be associated with the movements of loss ratios based on differing economic conditions and regulatory upheavals. This study provides a more in depth understanding of loss ratios in the general insurance industry and will be of value to insurance practitioners in modelling the loss ratios associated with their businesses to aid in their decision making. The results may also provide a basis for further studies in other markets apart from Korea as well as for shaping policy decisions related to loss ratios.

• 경영과정보연구
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• 제34권3호
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• pp.17-39
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• 2015

본 연구는 Hamilton and Susmel(1994)에 의해 개발된 마코브국면전환 ARCH모형을 이용하여 글로벌 주식시장의 구조적 변화와 변동성을 파악하고자 하였다. 본 연구를 요약하면, 첫째, SWARCH-L(3,2)모형의 결과, 미국, 이탈리아 및 아일랜드는 상태 1에서 상태 2로의 국면전환으로 변화가 없고 상태 1에서 상태 3으로의 국면전환은 5배 이상의 분산증가를 나타내었으나, 한국, 러시아, 인도 및 그리스는 상태 1에서 상태 2로의 국면전환으로 2배 이상이고, 상태 1에서 상태 3으로의 국면전환은 7배 이상의 분산이 더욱 증가되었다. 평균값의 결과, 상태 1에서 상태 2로의 점프는 3배, 상태 1에서 상태 3으로의 전환은 13배의 위험이 증가되었다. 그리고 한국, 미국, 인도, 이탈리아는 ARCH(1)과 ARCH(2)효과를 나타내었고, 대부분의 주식시장에서 레버리지(leverage)와 비대칭효과는 존재하였다. 둘째, 평균전이확률의 결과, 한국의 저변동성국면의 지속성(278일)이 가장 커서 장기적인 것으로 추정되었고 동일한 변동성국면간의 확률은 거의 1에 가까워 높은 지속성을 나타내었다. 셋째, Chow 결과, 아시아, 글로벌 및 유럽발 금융위기를 포함한 설정된 5개 기간에서 주식시장간의 구조적 변화(structural changes)가 존재하였다. 또한 1-Step 예측오차 결과, 1997년과 1998년의 아시아의 금융위기동안 러시아를 제외하고 대부분 주식시장이 불안정하고, 2007년과 2008년의 글로벌 금융위기동안에 한국을 제외하고 다른 주식수익률이 불안정하고, 2010과 2011의 유럽발 금융위기동안에 한국, 미국, 러시아 및 인도를 제외하고 대부분의 주식시장도 불안정하고, N-Step 결과에서는 1997년부터 2008년까지의 아시아와 글로벌 금융위기동안 대부분의 주식시장이 불안정하였다. 반면에 CUSUM검정에서 아시아의 위기인 1997년과 1998년에는 거의 변화가 없었고, 일부 국가를 제외하고 2000년대 후반까지 모든 주식시장이 안정적으로 나타났다. CUSUMSQ검정에서는 1997년 7월부터 2011년 12월까지 아시아와 글로벌 및 유럽발 금융위기 동안에 대부분의 주식시장이 국가별로 안정과 불안정이 혼재하였다. 넷째, 우도비 검정결과, 한국과 타국의 주식시장의 변동성간의 밀접한 관련성을 확인하였다. 따라서 본 연구는 첫째, 여러 금융위기동안의 주식시장의 고변동성을 발생시키는 에피소드 또는 사건들을 파악하였고, 둘째, 주식시장의 변동성의 지속성에서 저변동성국면에서 위기변동성국면으로의 전환보다는 고변동성국면으로의 국면전환으로 분산이 더욱 증가되었고, 셋째, 국가 기간별로 동일하지는 않을지라도 고변동성국면은 1990년대 말 이후의 비즈니스 불경기와 관련이 있었고, 넷째, 주식시장에 레버리지와 비대칭효과가 존재하였고, 다섯째, Lamoureux and Lastrapes(1990)의 주식시장의 구조적 위험의 변화로 인한 결과와 본 연구의 결과와 일치하였다는 것을 확인하였고 $An\acute{e}$ and Ureche-Rangau(2006)의 다양한 비선형의 국면전환모형을 사용하여 보다 정교한 추가적인 분석이 필요하다.

• 한국대기환경학회지
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• 제25권1호
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• pp.26-37
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• 2009

Recently rapid environmental changes due to desertification and industrialization in China make a threat to Korea, especially during Asian Dust Event (ADE). This study was aimed to compare symptoms and behaviors related to ADE between Korea and China. We conducted questionnaires on self-reported symptoms and behaviors before and during ADE. Korean and Chinese subjects were grouped into children, adults, and elderly by nation (n=791). Statistical analyses were performed by $X^2$-test, Fisher's exact test, t-test and chow's test for comparing differences between Korean and Chinese. We estimated the odds ratio for perceived symptoms during ADE by preventive behavior, using Generalized Estimation Equation (GEE). The study indicated that there were significant differences between symptoms in Korea and those in China such as cold, cough, and sore throat, especially in elderly. Preventive behaviors such as avoiding outdoor activity and wearing sunglasses were more often performed in China than Korea. However wearing mask was more often performed in Korea than China. After adjusting for age, sex, educational level, and smoking status, the odds ratio (OR) of dry cough symptom in Korea was significantly decreased by closing the windows and wearing a mask during ADE. In China, the OR of dry cough symptom was decreased by wearing a mask and avoiding outdoor activity. We found that China which had higher performance of preventive behavior showed lower prevalence of symptoms during ADE than Korea. Also preventive behaviors could affects prevalence of symptoms during ADE. This results suggest that preventive behavior. could reduce symptoms during ADE and there are needed for. more attentions to reduce a threat of ADE.

• 한국농공학회논문집
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• 제63권4호
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• pp.87-96
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• 2021

Determining design rainfall is the first step to plan an agricultural drainage facility. The objective of this study is to evaluate whether the current method for parameter estimation is reasonable for computing the design rainfall. The current Gumbel-Kendall (G-K) method was compared with two other methods which are Gumbel-Chow (G-C) method and Probability weighted moment (PWM). Hourly rainfall data were acquired from the 60 ASOS (Automated Synoptic Observing System) stations across the nation. For the goodness-of-fit test, this study used chi-squared (𝛘²) and Kolmogorov-Smirnov (K-S) test. When using G-K method, 𝛘² statistics of 18 stations exceeded the critical value (𝑥²_a=0.05,df=4=9.4877) and 10, 3 stations for G-C method, PWM method respectively. For K-S test, none of the stations exceeded the critical value (D^a=0.05_n=0.19838). However, G-K method showed the worst performances in both tests compared to other methods. Subsequently, this study computed design rainfall of 48-hour duration in 60 ASOS stations. G-K method showed 5.6 and 6.4% higher average design rainfall and 15.2 and 24.6% higher variance compared to G-C and PWM methods. In short, G-K showed the worst performance in goodness-of-fit tests and showed higher design rainfall with the least robustness. Likewise, considering the basic assumptions of the design rainfall estimation, G-K is not an appropriate method for the practical use. This study can be referenced and helpful when revising the agricultural drainage standards.

• 한방비만학회지
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• 제16권1호
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• pp.27-35
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• 2016

Objectives: This study investigated the effects of water extract of Coix lacrymajobi var. mayuen on obesity and its associated factors in high fat diet (HFD) induced obese mice. Methods: Male C5BL/6 mice were randomly assigned to 4 groups, normal group (chow diet), a HFD, HFD with water extract of Coix lacrymajobi var. mayuen 100 mg/kg (W-Coix), and HFD with phentermine 5 mg/kg (Phen) as positive control. Body weight, food intake, fasting blood glucose were checked every week and then organs, blood serums were collected after 16 weeks of treatment. Results: Body weight and adipocyte size were significantly lesser in W-Coix than in HFD group; however energy efficiency in W-Coix were not different with HFD. The oral glucose tolerance test, serum glucose and insulin were significantly decreased in W-Coix, also lipid accumulations in liver tissue and lipid levels (total cholesterol, high density lipoprotein-cholesterol) were improved with W-Coix treatment. However skeletal muscle loss with HFD was not changed in W-Coix compared with HFD group. Conclusions: The W-Coix treatment decreased body weight, adipocyte size and it is associated with improved glucose and lipid metabolism. Further studies are needed to know the mechanism of antiobesity in W-Coix.