• Title/Summary/Keyword: Dummy variables

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Influencing Factors of Cross Border E-commerce Export: Focusing on Product Characteristic (전자상거래 수출 영향요인 연구: 품목별 특성을 중심으로)

  • Jin-Kyu Kim;Yoon Lee
    • Korea Trade Review
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    • v.48 no.3
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    • pp.199-216
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    • 2023
  • Rapidly growing cross-border e-commerce exhibits different characteristics from traditional trade. This paper empirically investigates influencing factors of CBEC trade between Korea and foreign countries including product characteristics, such as product type and unit price. We construct panel data based on Korea's e-commerce export data by country and product and analyze it by the OLS, fixed effect, and random effect estimation. Our main findings can be summarized as follows: geographical distance still remained as an obstacle to the CBEC trade, product unit price, and durable consumer goods dummy variables positively affect e-commerce export of Korea, and capital goods dummy variables negatively affect e-commerce export. This research can help us understand the characteristics of cross-border e-commerce and can be used as a basis for future research using product-specific data.

Donation Expenses and Corporate Value: A Focus on the Corporate Governance Structure (기부금 지출과 기업 가치: 기업지배구조를 중심으로)

  • Kim, Soo-Jung;Kang, Shin-Ae
    • Journal of Distribution Science
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    • v.12 no.8
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    • pp.113-121
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    • 2014
  • Purpose - Recently, the number of corporations that practice environmental and social responsibility, besides engaging in traditional profit-seeking activities, has been growing steadily, as interest in Corporate Social Responsibility (CSR) is increasing. Recent research on CSR practices has identified the relationship between CSR activities and corporate value as one of the main issues in this respect. Considering that donations constitute a large proportion of a company's charitable activities, we considered the extent of donation expenses as a charitable activity in order to mitigate sample selection bias. Specifically, we analyzed the impact of donation expenses on firm value, while investigating if this impact varied in response to the level of corporate governance of firms. Research design, data, and methodology - We used non-financial firms listed on the Korean Stock Exchange, having their fiscal year end in December, and the sample period was 2006-2013. For the dependent variable, Tobin's q was used as the corporate value, and for the independent variable, donations were measured as the donation-expense-to-sales ratio. Corporate governance scores, as rated by the Korea Corporate Governance Service, were used to measure corporate governance levels because they consider the overall aspects of governance, including ownership structure, the board of directors, and the audit mechanism of individual companies. To examine the impact of donations on a company in relation to the level of corporate governance, we estimated regression models using the interaction terms of the governance dummy and donation variables. Then, we further estimated the regression models of two sub-samples that were classified according to the level of corporate governance. Similar to previous studies, the study uses variables that affect firm value, such as R&D expenditure, advertising expenses, EBITDA, debt-to-equity ratio, sales growth, company age, and company size as control variables. Results - The empirical results show that firm value significantly increased in response to an increase in donation expenses. Upon including the interaction terms of governance level dummy variables and donations, the coefficients of the interaction terms show significant positive values, while those of donation variables show significant negative values. In the strong governance sub-sample, the relationship between the donation expenses and corporate value was statistically positive (+) and significant. However, in the weak governance sub-sample, the relationship between the donation expenses and corporate value was statistically insignificant and negative (-). Conclusions - The empirical results suggest that donation expenses are significantly linked to an enhanced corporate value if firms have a good corporate governance structure. However, if the corporate governance structure is weak, the same relationship is not necessarily observed. The results of this study show that if a firm has high corporate governance, CSR practices enhance the company's reputation such that it has a positive (+) relationship with corporate value. If a firm has weak corporate governance, on the other hand, CSR practices are recognized as an agency cost and do not increase corporate value.

Development of Fire Engine Travel Time Estimation Model for Securing Golden Time (골든타임 확보를 위한 소방차 통행시간 예측모형 개발)

  • Jang, Ki-hun;Cho, Seong-Beom;Cho, Yong-Sung;Son, Seung-neo
    • The Journal of The Korea Institute of Intelligent Transport Systems
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    • v.19 no.6
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    • pp.1-13
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    • 2020
  • In the event of fire, it is necessary to put out the fire within a golden time to minimize personal and property damages. To this end, it is necessary for fire engines to arrive at the site quickly. This study established a fire engine travel time estimation model to secure the golden time by identifying road and environmental factors that influence fire engine travel time in the case of fire by examining data on fire occurrence with GIS DB. The study model for the estimation of fire engine travel time (model 1) covers variables by applying correlation analysis and regression analysis with dummy variables and predicts travel time for different types of places where fire may occur (models 2, 3, 4). Analysis results showed that 17 siginificant independent variables are derived in model 1 and the fire engine travel time differs depending on the types of places where fire occurs. Key variables(travel distance, number of lane, type of road) that are included commonly in the 4 models were identified. Variables identified in this study can be utilized as indicators for research related to travel time of emergency vehicles and contribute to securing the golden time for emergency vehicles.

Analysis of the Expenditure Behavior by Family Types: Comparison of single-mother families and two-parent families (가계유형에 따른 소비지출행동 분석: 편모가계와 양부모가계의 비교)

  • 차경욱
    • Journal of Families and Better Life
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    • v.21 no.3
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    • pp.61-73
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    • 2003
  • The purpose of this study was to compare the consumption expenditure patterns and the effects of socioeconomic variables on expenditure between single-mother families and two-parent families. From the 2001 Household Income and Expenditure Survey conducted by Korea National Statistical Office (KNSO), 693 single-mother families and 14,439 two-parent families were selected. A t-test was completed to examine how the expenditure patterns of two types of families differ. Total expenditures and expenditures on 11 consumption categories were modeled as functions of permanent income and other socioeconomic variables. Also, dummy variable interaction technique was used to examine whether the independent variables differently affected the expenditures between single-mother families and two-parent families. The results of this study indicated that there were differences between single-mother and two-parent families in the levels and shares of expenditures of each consumption category, and the effects of socioeconomic variables on expenditures. Single-mother families had spent less than did two-parent families in each consumption category. However, single-mother families had significantly higher expenditure shares for food at home, shelter, utilities, apparel and shoes, and education. Income elasticities for food at home, shelter, utilities, and education of single-mother families were significantly larger than those of two- parent families.

On Some Teaching Problems Related to the Learning of Variable Concept in School Mathematics (학교 수학의 변수 개념 학습과 관련된 몇 가지 지도 문제에 대하여)

  • 김남희
    • School Mathematics
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    • v.1 no.1
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    • pp.19-37
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    • 1999
  • In this study, we examined some matters related to the learning of variable concept in school mathematics on the basis of the theoretical foundation from the previous studies(e.g. Davis, 1975; Rosnick, 1981; IK chemann, 1981; Wagner, 1983.) and practices on variable concept teaching by evaluating the current state of that. Matters be discussed are as follows; the use of symbol for place holders in elementary mathematics, the dealing with sets those elements are literals and operations of such sets, the teaching of dummy variable, the construction of literal expressions that contains variables, the labeling indeterminates as a constant, the change in the exact meaning of variable according to the function concept, the teaching of a generalization by means of variables. After considering on these matters that are connected with the teaching-learning of variable concept, we suggested the alternative proposal to the current state of variable concept teaching.

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A Study on the Future Air Traffic Demand in Busan Metropolitan Area (부산권 항공수요예측 연구)

  • Kim, Byung-Jong;Lee, Min-Hee
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.16 no.1
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    • pp.46-57
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    • 2008
  • Since the 90's, Korean Air transport market has been more expanded because of economic growth, the construction of airport infrastructure, and the advent of low cost carrier. Especially, the air traffic demand in Busan metropolitan area has been increasing steadily. Therefore, in this paper, we developed a new forecasting model which could expect the future air traffic demand in Busan area. This model is developed by regression analysis using social-economic variables such as GRDP, income, and the number of people, and dummy variables, for instance, KTX opening, Japan economic depression, SARS and so on. Result from demand forecasting by this new model suggests that the new airport system is needed in order to sustain the increasing air traffic demand in Busan area.

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A numerical study on group quantile regression models

  • Kim, Doyoen;Jung, Yoonsuh
    • Communications for Statistical Applications and Methods
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    • v.26 no.4
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    • pp.359-370
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    • 2019
  • Grouping structures in covariates are often ignored in regression models. Recent statistical developments considering grouping structure shows clear advantages; however, reflecting the grouping structure on the quantile regression model has been relatively rare in the literature. Treating the grouping structure is usually conducted by employing a group penalty. In this work, we explore the idea of group penalty to the quantile regression models. The grouping structure is assumed to be known, which is commonly true for some cases. For example, group of dummy variables transformed from one categorical variable can be regarded as one group of covariates. We examine the group quantile regression models via two real data analyses and simulation studies that reveal the beneficial performance of group quantile regression models to the non-group version methods if there exists grouping structures among variables.

Influencing of compassion satisfaction and burnout on positive psychological capital of clinical dental hygienists

  • Min, Hee-Hong
    • Journal of Korean society of Dental Hygiene
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    • v.20 no.6
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    • pp.787-795
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    • 2020
  • Objectives: This study seeks to identify the positive psychological capital, burnout, and compassion satisfaction levels of clinical dental hygienists to understand the factors affecting positive psychological capital and to establish measures to improve the positive psychological capital, and to utilize them. Methods: A self-reported questionnaire was filled out by 190 dental hygienists of the clinic from February 1 to April 30, 2020. Statistical analyses were conducted with the help of independent t-test, one-way ANOVA, Pearson correlation coefficients, and stepwise multiple regression analysis. Results: Dental hygienists scored 3.47 points in positive psychological capital. The variables that influenced positive psychological capital were burnout and compassion satisfaction. The variables influencing positive psychological capital were monthly income_dummy2 (200-249/≥250), burnout, and compassion satisfaction. Conclusions: The positive psychological capital of clinical dental hygienists was found to be related to burnout and compassion satisfaction; additionally, compassion satisfaction had the greatest influence. Therefore, it will reduce burnout, improve compassion satisfaction, positive psychological capital, and contribute to efficient human resource management.

Determinants of Rural Tourism Demand (농촌관광수요의 결정요인)

  • Eun-Ho Son;Jung-Dae Goo
    • Journal of Agricultural Extension & Community Development
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    • v.30 no.1
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    • pp.43-52
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    • 2023
  • This study aims to examine the effects of GDP as a proxy variable of income, consumer price index as a proxy variable of price, and foot-and-mouth disease and avian influenza as derby variables on rural tourism demand. The independent variables in this research were gross domestic product(GDP), consumer price index(CPI), and dummy variable(DM) such as food & mouth disease & highly pathogenic avian influenza. Results showed that GDP affected tourism demand positively whereas DM influenced negatively. The study suggested that it was important for policy-mconsider GDP and DM when making decision on strategic tourism management. In conclusion, first, gross domestic product was found to have a statistically significant effect on rural tourism demand. Second, avian influenza was found to have a statistically negative effect on rural tourism demand. The results of this study can be used to establish a reasonable rural tourism policy in the future economic dimension.

Multiple Regression Analysis to Estimate the Unit Price of Hanwoo (Bos taurus coreanae) Beef

  • Eum, Seung-Hoon;Park, Hu-Rak;Seo, Jakyeom;Cho, Seong-Keun;Hur, Sun-Jin;Kim, Byeong-Woo
    • Food Science of Animal Resources
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    • v.37 no.5
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    • pp.663-669
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    • 2017
  • This study were estimated the contribution of carcass traits to unit price, to analyze the marbling score as a categorical variable rather than a numerical variable, and to develop an optimal model that also includes the holiday effect and the raising period. The data for this study were acquired from the Quality Evaluation of the Korea Institute for Animal Products, and consisted of the trading records of 1,613,699 heads at 12 wholesale markets from 2010 to 2014. The unit price of a cow was estimated from the following parameters: -52.50 Won/mm, $8.93Won/cm^2$, 7.20 Won/kg, and -1.04 Won/day for backfat thickness, eye muscle area, carcass weight, and raising period, respectively. Parameters for the dummy variables of marbling scores varied from 0 to 8328.74 Won/kg, which means that each marbling score grade had a different price value. The unit price of a steer was estimated from the following parameters: - 92.12 Won/mm, $20.22Won/cm^2$, 1.30 Won/kg, and -1.72 Won/day for backfat thickness, eye muscle area, carcass weights, and raising period, respectively. Parameters for dummy variables of marbling scores varied from 0 to 7338.80 Won/kg, which means that the grades of each marbling score had different price values. The unit price of sales during traditional holidays was significantly higher (827.71 Won/kg for cows, and 645.15 Won/kg for steers) than during non-holidays.We conclude that the use of categorical values for marbling scores would be needed to evaluate the price of Hanwoo beef using multiple regression analysis based on carcass traits and environmental factors.