• 제목/요약/키워드: Cost of equity

검색결과 127건 처리시간 0.029초

전국 저소득층노인의 보건의료이용과 영향요인 분석 (A Study on Health Service Utilization for the Low Income Elderly in Korea)

  • 임미영;유호신
    • 지역사회간호학회지
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    • 제12권3호
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    • pp.589-599
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    • 2001
  • The purpose of this study was to analyze the relation amongst health status, health care costs. health service utilization among the low income elderly who were 60 years of age or older, earning a half of the average Korean family income. The cross-sectional descriptive survey research we conducted used families randomly sampled nationwide. The data were collected from July 12 to August 7, 1999 and the total sample was 1.259 household members (421 households). These were the major findings. 1. As for the health status. 72.4% of respondents fell ill in the last 1 month; 54% of respondents had chronic disease. 2. As for the health care cost. the cost of hospitalization and the medical treatment were 1.069,000 won and 226.000won. respectively. 59.3% of respondents experienced a burden from the monthly health care expenses. 3. As for the health service utilization for the last 3months. 28.5% of respondents didn't utilize the health service. In addition, 22.2% of respondents gave up a medical treatment because of economic situation (88.8%). 4. The statistically significant determinants of health service utilization are old age, female, living with a spouse, unemployed state, medicare, and more days sick. 5. It is shown conclusively that equity and efficacy of the health care policy are to be considered for lower income older adult.

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치과 건강보험 우선순위 설정을 위한 고찰 (A study of Priority-setting in Korean National Dental Health Insurance Scheme)

  • 한지형;황윤숙
    • 한국치위생학회지
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    • 제6권3호
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    • pp.243-261
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    • 2006
  • Priority setting in national health insurances in major advanced countries and the nation was investigated to draw the criteria for priority setting and suggest the most rational criteria for dental insurance so as to help secure the efficiency of medicare financing and individual's health right and also elevate medical consumers' satisfaction with health insurance. 1. Priorities in national health insurance are different from country to country, depending on the medical security systems, priority introducing conditions, and social environment, but have many common factors. 2. The priority setting criteria for national health insurance in those countries include the following in common: the efficiency, equity, and cost effect of treatment, emergency of treatment, consumption of expense, efficacy of treatment, patient's receptiveness, patient's demand, severity of disease, and patient's responsibility for the disease. 3. In oral diseases, severe diseases including oral cavity cancer are low in rate, and in-hospital treatments are few. From the above findings, it is suggested that dental insurance should establish discriminative criteria for priority setting by reflecting the aspects of dental diseases and system difference between dental and other health insurances and taking account of efficiency of treatment through prevention, cost effect, prevalence and incidence of generalized diseases, and individual's financing burden.

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Bond Ratings, Corporate Governance, and Cost of Debt: The Case of Korea

  • Han, Seung-Hun;Kang, Kichun;Shin, Yoon S.
    • The Journal of Asian Finance, Economics and Business
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    • 제3권3호
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    • pp.5-15
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    • 2016
  • This study examines whether Korean rating agencies such as Korea Investors Service (KIS), National Information & Credit Evaluation (NICE), and Korea Ratings Corporation (KR), incorporate corporate governance into their corporate bond ratings in Korea. We find that the Korean rating agencies assign higher ratings to the bonds issued by Chaebol (Korean business group) affiliated firms. Our results also indicate that those rating agencies give higher ratings to the bonds with greater foreign investor share ownership. Moreover, if the rating agencies value corporate governance, higher rated firms should issue bonds at lower yield to maturity. We discover that Chaebol affiliation is counted favorably by the rating agencies. We find that investors are willing to pay lower risk premium for bonds with higher institutional ownership, but higher risk premium to bonds with greater equity ownership in the form of depository receipts. Therefore, even if the rating agencies and investors in Korea consider corporate governance (Chaebol affiliation and ownership structure) an important determinant in bond ratings and the yields to maturity, they have opposite views on institutional ownership and share ownership in the form of depository receipts.

The Sociopolitical Economics of Marine Ranching Program in Korea

  • Park, Seong-Kwae
    • Ocean and Polar Research
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    • 제23권3호
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    • pp.265-277
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    • 2001
  • This paper aims at overviewing Korean fisheries profile with a view on why Korean fisheries need marine ranching program as a new fisheries paradigm - a community-based co-management approach and drawing some policy implications from the advanced experience in fisheries. The aims of community-based co-management approach as a planned approach can be set out under the planning objectives of efficiency and equity. In this context Tongyeong marine ranching program is an important government-sponsored pilot enterprise. Experiences in the advanced fisheries such as Canadian Snow-Crab case suggest that in order to be successful for marine ranching be successful it is necessary that (i) there should be high-value species, (ii) property right should be established, (iii) there should be the reasonable number of participants involved, (iv) the participants and the government should be able to share resource enhancement/management/utilization responsibilities and associated fisheries management expenses. Among these, management cost sharing based on the practical partnership between fishing communities and government is of particular importance because the government must have a full responsibility for all ranching program expenditure unless revenues sufficient to guarantee reasonable income and to share management cost are generated from the ranching business.

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The Performance Analysis of Korean NGOs' Tree Plantation Projects in Mongolia

  • Kang, Min-Kyung;Park, Dong-Kyun;Chun, Young-Woo
    • 한국산림과학회지
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    • 제99권5호
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    • pp.655-662
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    • 2010
  • Desertification has been expanding with a remarkable speed across the Northeast Asia. Desertification in Northeast Asia significantly influences Korea's economy and environmental health conditions in recent years. For these reasons, a number of non-governmental organizations (NGOs) in Korea have carried out the reforestation projects to combat desertification in China and Mongolia. Several tree plantation projects were implemented in Mongolia and China. The objective of this study was to analyze and evaluate the performance of tree plantation aid projects carried out by Korean NGOs in Mongolia. The performance of tree plantation projects was examined through effectiveness, efficiency, equity and responsiveness of those projects. The performance was analyzed with the survival rate of planted trees and planting cost, the recognitions of Mongolian people. The analysis of the performance showed that the tree plantation cooperation projects carried out by Korean NGOs in Mongolia had comparatively high performance from a larger point of view. Especially, effectiveness and responsiveness of their projects were highly marked in spite of all the difficulties of carrying out the tree plantation. Such a high effectiveness represented the relatively higher survival rates of trees and Mongolian's positive recognition of plantation projects. Furthermore, the responsiveness also turned out to be high with a great satisfaction of the Mongolian people for plantation projects conducted by the Korean NGOs. Survey results indicated that the efficiency and equity of the projects would be increased by promoting the cooperation projects for tree planting throughout Mongolia with reinforcing infrastructures. By comparison between Korean NGOs and Mongolian Government plantation projects, confirmed the importance of sustained financial support and maintenance activities in the plantation sites.

소프트달러와 주식형 펀드의 이해상충 (Soft Dollars and Conflicts of Interest in Equity Funds in Korea)

  • 조성빈
    • KDI Journal of Economic Policy
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    • 제35권2호
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    • pp.133-166
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    • 2013
  • 본 논문은 2008년 6월~2011년 11월 기간 동안 우리나라 주식형 펀드의 자료를 이용하여 소프트달러(위탁매매수수료)와 펀드 특성 사이의 관계 및 위탁매매수수료와 투자수익률 사이의 관계에 대한 분석을 수행하였다. 분석 결과, 운용보수 및 판매보수는 위탁매매수수료와 음(-)의 관계를 가지는 것으로 확인되었는데, 이는 투자자가 상대적으로 명확하게 인지할 수 있는 운용보수 및 판매보수 수준을 높이기보다는 숨겨진 비용인 위탁매매수수료를 통해 간접적으로 보상이 이루어짐을 시사한다. 한편, 위탁매매수수료와 펀드성과 사이의 관계를 살펴본 결과, 위탁매매수수료가 높을수록 현재의 성과와 음(-)의 관계를 가지며, 단기적으로 미래의 성과를 제고하는 데 기여하지 못하는 것으로 확인되었다. 이러한 분석 결과는 투자자와 운용사의 이해상충의 완화와 대리인 문제의 효과적인 통제를 위한 제도 정비의 필요성을 시사하는 것으로 생각된다.

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광역지방행정중심지(廣域地方行政中心地)의 선정(選定)을 위한 합리적(合理的) 입지기준(立地基準)에 관(關)한 연구(硏究) (A Study on the Reasonable Standard of Location;allocation for a new administrative center in provincial area)

  • 윤준상
    • 농촌지도와개발
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    • 제5권1호
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    • pp.93-102
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    • 1998
  • The objectives of the study were 1) to make the reasonable standard, 2) to select the objective and scientific method and process for the location-allocation of a new provincial capital city. The Main standard of location-allocation were suggested as follows ; 1) Integration of province 2) Convenience of Administration service 3) Accomodations of new provincial capital city 4) Balanced development by region. The validity of location-allocation were reviewed the population potentials and nodal accessibilities. The population potential was examined to find the maximum point of administrative demand, and the locationallocation model was examined to find the minimum point of the aggregated travel-cost to a proposed provincial government office. The nodal accessibilities measured in travel-time distance and actual values. Two major concerns in locating public facilities are efficiency and equity.

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Depreciation of Non-Temporal Investment

  • Mohammadi, Shaban;Dashtbayaz, Mahmoud Lari
    • Asian Journal of Business Environment
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    • 제5권3호
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    • pp.17-21
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    • 2015
  • Purpose - This paper compares current requirements for depreciation accounting from the Financial Accounting Standards Board in America for equity securities and all debt securities with determinable fair value, and disclosure requirements related to the fair value of securities below registered cost with the requirements of the international Financial Reporting Standards Board and accounting standards committee. Research design, data, and methodology - Mini-review statements are examined relating to depreciation of investments in America and the Financial Accounting Standards depreciation of investments in Iran that meet the requirements of international reporting standards and the Iranian Accounting Standards Committee. Results - Accounting rules for depreciation of investments in securities requires a good deal of judgment. In particular, devaluation decisions during the recession and market crisis were controversial, although even with no clear guidelines on devaluation, sometimes such decisions were simple. Conclusions -Companies can choose from formal policies applied uniformly and documentations of interest to provide a summary of the principles and conclusions obtained through disclosure, enabling market participants to assess the entity's conclusions reasonably, thereby easing investor and market worries.

최적조류계산을 이용한 한계손실계수의 전력시장 적용 (Marginal Loss Factor using Optimal Power Flow in Power Market)

  • 고용준;신동준;김진오;이효상
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2001년도 하계학술대회 논문집 A
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    • pp.509-511
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    • 2001
  • In the competitive electricity market, various pricing methods are developed and practiced in many countries. Among these pricing methods, marginal loss factor(MLF) can be applied to reflect the marginal cost of network losses. For the calculation of MLF, power flow method has been used. However, it shows some shortcomings such as necessity of regional reference node, and absence of an ability to consider network constraints. The former defect might affect adversely to the equity of market participants and the latter might generate an inappropriate price signal. To overcome these defects, the utilization of optimal power flow(OPF) is suggested in this paper. 30-bus system is used for the case study to compare the MLF by the power flow and the OPF method for 24-hour dispatching and pricing.

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대리문제가 자본구조에 미치는 효과에 관한 연구 (A Study on the Effect of Agency Problems in the Determination of Capital Structure)

  • 김형준;황동섭
    • 산업경영시스템학회지
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    • 제18권36호
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    • pp.365-370
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    • 1995
  • In recent years, there have been attempts to explain firms' capital structure based upon the agency theory which considers agency problems arising due to ownership structure. Agency theory starts from the coctractual relationship (explicit or implicit) between principals and agents. Since uncertainty exists in real world and information is distributed asymmetrically, there are conflicts between principals and agents. The objectives of this study are to analyze, based upon agency theory, factors which are expected to affect firms' capital structure and to test empirically the relevance of agency cost hypothesis about the determination of capital structure, For these purposes, this paper carried out multiple regression in order to examine whether the factors of agency costs affect significantly the determination of capital structure. The results of empirical analysis are summarrized as follows; First, insider-equity ration has been negatively correlated with capital structure. Second, growth opportunity variabless has been insignificant coefficients with capital structure.

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