• Title/Summary/Keyword: Consumer's Risk

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What Exacerbates the Probability of Business Closure in the Private Sector During the COVID-19 Pandemic? Evidence from World Bank Enterprise Survey Data

  • PHAM, Thi Bich Duyen;NGUYEN, Hoang Phong
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.69-79
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    • 2022
  • The purpose of the study is to look into the likelihood of private sector enterprises going bankrupt due to COVID-19 pandemic-related issues. The data for this study was taken from the World Bank's Enterprise Survey, which was intended to assess the impact of the COVID-19 pandemic on the business sector. This study uses the Ordinal Logit Method to analyze the model with dependent variables having ordinal values. The determinants reflect business performance, innovation, business relationships, and government support. According to the estimation results, a lower probability of business closures, illiquidity, and payment delays are found in businesses that maintain sales growth, operating hours, temporary workers, product portfolio, consumer demand, and input supply. Meanwhile, the increase in online business activities and receiving support from financial institutions and the government do not help businesses reduce the risk. Moreover, higher survival is found in manufacturing and developing countries. This implies the fragility of businesses in the retail and service sectors, especially for mega-enterprises in developed countries. In addition, the negative impact of the COVID-19 pandemic on businesses in Europe and West Asia is less severe than in other regions. The results imply policies to support the private sector during the pandemic, such as increasing labor market flexibility or rapidly implementing supportive policies.

Changes in dietary habits and chronic diseases before and after COVID-19 by regions using data from the 2018-2020 Korea Community Health Survey and Consumer Behavior Survey for Foods: a cross-sectional study

  • Surim Park;Eun-hee Jang;Seungmin Lee
    • Korean Journal of Community Nutrition
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    • v.28 no.2
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    • pp.124-140
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    • 2023
  • Objectives: This study examined the changes in dietary habits, the prevalence of chronic diseases, and mental health problems in the regional areas of the Republic of Korea before and after the COVID-19 pandemic to provide evidence of the status of regional health inequalities. Methods: This study analyzed Korean adults aged 19 or older who participated in the Korea Community Health Survey (n = 686,708) and Consumer Behavior Survey for Foods (n = 19,109) from 2018 to 2020. The participants were classified according to their residence area (Seoul metropolitan area, Metropolitan cities, Provinces); 2018-2019 were defined as before COVID-19, and 2020 as after COVID-19. The dietary behaviors, chronic diseases, and mental health problems were measured using a self-report questionnaire. Results: After COVID-19, the eating-out usage rate in the Seoul metropolitan area and Provinces decreased compared to before COVID-19 (P < 0.001), and when responding that they eat out, the frequency of eating out with household members in the Seoul metropolitan area increased (P = 0.024). The deliveries/takeout usage rate in the Provinces decreased after COVID-19 compared to before (P < 0.001). After COVID-19, the prevalence of obesity decreased in all regions (P < 0.001), and the prevalence of hypertension increased significantly in the Provinces (P = 0.015). The prevalence of diabetes mellitus increased continuously before and after COVID-19 in all regions (P < 0.002). High-risk subjective stress levels increased significantly in the Seoul metropolitan area (P < 0.001), and sleep duration significantly increased in all regions (P < 0.001). Major depressive disorder was reduced significantly in Metropolitan cities (P = 0.042) and Provinces (P < 0.001). Conclusions: After the COVID-19 pandemic, the prevalence of chronic diseases and mental health problems showed regional differences along with changes in dietary habits. It is necessary to reflect the regional differences in dietary habits in future policies resolving regional health inequalities.

The Provision Structure and Voucher Operating System in Korean Community Social Investment Service - Focusing on the Early Intervention Service for Children at the Risk of ADHD - (한국의 지역사회서비스 투자사업의 공급구조와 바우처 작동기제에 관한 연구 - ADHD 아동 조기개입서비스를 중심으로 -)

  • Shin, Chang-Hwan;Kahng, Sang-Kyoung
    • Korean Journal of Social Welfare
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    • v.62 no.2
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    • pp.399-420
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    • 2010
  • A notable recent change in Korean social service delivery is adopting voucher system. A significant portion of foreign literature suggests that the structure of service provision is critical to enhance consumer choice in voucher-based social service delivery system. As domestic research on voucher operation system is very limited, little is known about voucher-based social service provision structure and operating system. Given these limitations in the domestic literature, this study aims to examine the status and effectiveness of voucher-based system with specific focuses on the provision structure of early intervention service for children at the risk of ADHD. Data were collected from 194 service providers across the nation. Based on Cave's analytic paradigm on voucher operating system, data analyses were done to examine (1) the influence of adopting voucher system on service provision system and (2) whether consumer choice has been increased or not. The results indicated that (1) adopting voucher have brought into diversification of service providers, but (2) consumer choice is still limited. Based on these results, future directions for voucher-related policy were discussed.

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A Study of Relationship of Gourmet Blog's Reliability with the Perceived benefits, Perceived Risk and Online Word of Mouth of Eating out Consumer (맛집 블로그의 신뢰성이 외식소비자의 지각혜택, 지각위험, 그리고 온라인구전에 미치는 영향)

  • Song, Heung-Gyu
    • Culinary science and hospitality research
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    • v.20 no.6
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    • pp.275-291
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    • 2014
  • The focus of this study was to investigate the relationships of blog's reliability, perceived benefit, perceived risk and words of mouth by online readers. Data were collected by a total of 228 persons reading actively gourmet blogs. The survey was carried out from August 1 to 15, 2014. Total 228 questionnaires were used for final analysis. Frequency analysis, descriptive statistics, exploratory factor analysis, and reliability analysis were conducted through SPSS 18.0 for final analysis, and regression analysis was conducted through AMOS 18.0 for verification of hypothesis. The hypothesized relationships among the models were tested simultaneously by using a structure equation model(SEM). The study results are like below. First, The reliability of the Gourmet blog could be confirmed again very important variable in the fields of food industry like the previous studies. Second, The reliability of the Gourmet blogs affected on the positive (+)relationship to the perceived benefits, and the negative (-)relationship to the perceived risk. Third, Reliability and perceived benefits in relation to the impact on the online word-of-mouth was positive(+). However, perceived risk was found not to affect on it. Finally, perceived benefits for the reliability of the blog have been identified as the key parameters on the online word-of-mouth. The theoretical contributions of this study and the practical implications are discussed and future research directions are detailed.

Design of Bayesian Zero-Failure Reliability Demonstration Test for Products with Weibull Lifetime Distribution (와이불 수명분포를 갖는 제품에 대한 베이지안 신뢰성 입증시험 설계)

  • Kwon, Young Il
    • Journal of Applied Reliability
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    • v.14 no.4
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    • pp.220-224
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    • 2014
  • A Bayesian zero-failure reliability demonstration test method for products with Weibull lifetime distribution is presented. Inverted gamma prior distribution for the scale parameter of the Weibull distribution is used to design the Bayesian test plan and selecting a prior distribution using a prior test information is discussed. A test procedure with zero-failure acceptance criterion is developed that guarantee specified reliability of a product with given confidence level. An example is provided to illustrate the use of the developed Bayesian reliability demonstration test method.

Consumer Credit Scoring Model with Two-Stage Mathematical Programming (통합 수리계획법을 이용한 개인신용평가모형)

  • Lee, Sung-Wook;Roh, Tae-Hyup
    • The Journal of Information Systems
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    • v.16 no.1
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    • pp.1-21
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    • 2007
  • 신용평점을 위한 부도예측의 분류 문제를 다루는데 있어서 통계적 판별분석 및 인공신경망 및 유전자알고리즘 등을 이용한 데이터 마이닝의 방법들이 일반적으로 고려되어왔다. 이 연구에서는 수리계획법을 응용하여 classification gap을 고려한 이단계 수리계획 접근방법을 신용평가에 적용하는 방법론을 제안하여 수리계획법을 통한 신용평가모형 구축의 가능성을 제시한다. 1단계에서는 선형계획법을 이용해서 대출 신청자에게 대출을 허가할 것 인지의 여부를 결정하게 되는 대출 심사 filtering으로의 적용단계이고, 2단계에서는 정수계획법을 이용하여 오분류 비용이 최소가 되도록 하는 판별점수를 찾는 과정으로 모형을 구성한다. 개인 대출 신청자의 데이터(German Credit Data)에 대하여 피셔의 선형 판별함수, 로지스틱 회귀모형 및 기존의 수리계획 기법들과의 비교를 통해서 제안된 모델의 성능을 평가한다. 이단계 수리계획 접근법의 평가 결과를 통하여 신용평가모형에의 적용가능성을 기존 통계적인 접근방법 및 수리계획 접근법과 비교하여 제시하고 있다.

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An Accelerated Life Test Sampling Plan for Bulk Material (벌크재료 가속시험샘플링검사방식설계)

  • Kim Jong-Geol;Kim Dong-Cheol
    • Proceedings of the Safety Management and Science Conference
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    • 2006.04a
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    • pp.411-419
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    • 2006
  • This paper aims at designing an accelerated life test sampling plan for bulk material and showing its application for an arc-welded gas pipe. It is an integrated model of the accelerated life test procedure and bulk sampling procedure. The accelerated life tests were performed by the regulation, RSD 0005 of ATS at KITECH and bulk sampling was used for acceptance. Design parameters might be total sample size(segments and increments), stress level and so on. We focus on deciding the sample size by minimizing the asymptotic variance of test statistic as well as satisfying consumer's risk under Weibull life time distribution with primary information on shape parameter.

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Design of Bayesian Zero-Failure Reliability Demonstration Test and Its Application (베이지안 신뢰성입증시험 설계와 활용)

  • Kwon, Young Il
    • Journal of Applied Reliability
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    • v.13 no.1
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    • pp.1-10
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    • 2013
  • A Bayesian zero-failure reliability demonstration test method for products with exponential lifetime distribution is presented. Beta prior distribution for reliability of a product is used to design the Bayesian test plan and selecting a prior distribution using a prior test information is discussed. A test procedure with zero-failure acceptance criterion is developed that guarantees specified reliability of a product with given confidence level. An example is provided to illustrate the use of the developed Bayesian reliability demonstration test method.

Effects of Meat Country-of-Origin on the Consumer Evaluations of Restaurant Menus - Focused on University Students - (외식 메뉴의 식육 원산지가 메뉴 평가에 미치는 영향 - 대학생을 중심으로 -)

  • Kim, Young-Gab;Hong, Jong-Sook
    • Journal of the East Asian Society of Dietary Life
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    • v.19 no.4
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    • pp.650-657
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    • 2009
  • This study was designed to determine the effects of meat country-of-origin on the perceived quality, perceived risk, perceived value, and purchase intension of restaurant menu items. A total of 237 university students in Seoul were used in the final statistical analyses, which included factor analysis, ANOVA and Duncan's test. The results were as follows: First, in the case of perceived quality, the participants gave higher evaluations of restaurant menu items better when the origin of the foodstuff was Korea. Second, the effects of origin on perceived value were not statistically significant. Third, the effect of origin on the purchase intension of fried chicken was statistically significant, but the effects of origin on the purchase intension of boned rib and fillet were not statistically significant. Lastly, the limitations of this study and suggestions for further research are presented.

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Analysis of Resilience Factors in Multi-Cultural Families Using Depth Interviews (심층면접을 통한 다문화가족의 레질리언스에 관한 연구)

  • Chang, Jin-Kyung;Jun, Jong-Mi;Shin, Yoo-Kyung
    • Journal of the Korean Home Economics Association
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    • v.47 no.6
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    • pp.21-38
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    • 2009
  • This study examined the resilience factors of multi-cultural families using depth interviews. Thirty-one multi-cultural families(totaling 98 individuals) were interviewed on a range of issues, including the process of marriage, the attitude of international marriage, family relations, social networks, the process of social adaptation, and their needs for specific social services. The resilience theory was used to categorize resilience factors, multi-cultural families. Analysis of results from depth interviews identified three broad resilience factors. The first was related to for belief systems which included 'family's common goal', The second was related to family functioning systems which included 'family cohesion', 'family adaptability', and 'satisfaction for role-expectation'. The third was related to social networking which included 'satisfaction from social activities'. These resilience factors helped multi-cultural families cope with stressful events and risk situations related to every day life. Results from this study imply that multi-cultural families possess the abilities to lead a meaningful and healthy life-style regardless of obstacles such as communication difficulties, cultural differences, and societal stigma.