• Title/Summary/Keyword: Economic return

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Corporate Sustainable Management and Capital Market: Evidence from Data on Korean Firms

  • Kim, Young Sik;Park, Ki Bum
    • Asia Pacific Journal of Business Review
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    • v.1 no.1
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    • pp.56-66
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    • 2016
  • This paper analyzes the impact of CSR on the capital market in Korea. Using listed firm data, we found that the creation of a sustainability report that indirectly measures the level of CSR can bring the stock rate of return difference of the capital markets representative market index. First, when a firm that publishes a sustainability report was compared in terms of its market rate of return, it showed a return increase of about 2%. We found that higher returns were gained through the competitive advantage of related business when the firm was actively involved in social responsibility. Second, subdivided by industry, firms belonging to the capital goods industry were found to reach a rate of return higher than that of industry. These firms were noticeable in that they were mainly industries that caused environmental pollution. Third, in an additional analysis, foreign investors were given the sustainability report of financial businesses, which was interpreted as a result of industrial properties. A sustainability report is a comprehensive report on the economic, environmental, and social activities of a firm. Firms must learn that they can gain trust through publishing trustworthy reports while achieving the lasting power of growth from the stakeholders.

Economic Assessment of Manganese Nodules Mining (심해저 망간단괴 사업의 경제성 평가)

  • Hwang, Seog-Won;Hwang, Jung-Tae
    • The Sea:JOURNAL OF THE KOREAN SOCIETY OF OCEANOGRAPHY
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    • v.13 no.3
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    • pp.260-270
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    • 2008
  • The economics of manganese nodules mining was assessed based on 36 scenarios which reflect recent changes of the metal market. Those scenarios included optimistic/neutral/pessimistic prospect for the cost, 2 production scales(1.5 MT and 3 MT) and 6 assumptional paths of future metal prices. A large part of scenarios, in which optimistic or neutral prospect for the cost and metal prices were assumed, showed good economic feasibility of the project. For example, 37.12% of Internal Rate of Return(IRR) was obtained in the scenario of 3 MT production, neutral cost prospect and present metal price maintained in the future.

The Effect of Economic Uncertainty on Pricing in the Stock Return (경제적 불확실성이 주식수익률 결정에 미치는 영향)

  • Kim, In-Su
    • Journal of Industrial Convergence
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    • v.20 no.2
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    • pp.11-19
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    • 2022
  • This study examines the role of economic uncertainty in stock price determination in the domestic stock market. To this end, we analyzed the relationship between economic uncertainty indices at home and abroad (USA, China) and stock returns for non-financial companies in Korea from January 2000 to 2017. For the analysis model, the 3-factor model of Fama and French (1992) and the 5-factor model including momentum and liquidity were used. As a result of the analysis, a portfolio with a high beta of economic uncertainty showed higher stock returns than a portfolio with a low beta. This was the same as the US analysis result. Also, the analysis results using the US uncertainty index were more significant than the regression analysis results using the Korean economic uncertainty index.

Married Women's Return to the Workforce : Findings from the Participants in a Reemployment Training Program (기혼여성의 재취업 구조에 관한 사례연구 : 전업주부 재취업훈련 참가자를 중심으로)

  • Koo Myung-Sook;Hong Sang-Uk
    • Journal of Families and Better Life
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    • v.23 no.3 s.75
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    • pp.153-167
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    • 2005
  • This study was conducted to help develop women's human resources and promote married women's return to workforce. Using various data, we examined the patterns of Korean women's economic activities over the lifecycle, career discontinuation and return to the workforce. We also interviewed twenty full-time housewives who wanted to return to workforce. The interview questions included reasons for seeking employment, desired working conditions, and difficulties in finding a job. Major findings are as follows: First, there were two groups with respect to reasons why they want employment One was an economic need such as earning basic living expenses and supporting the family. The other was self-realization and social participation. Second most women wanted to do unskilled labor such as housekeeping work, whereas some young or well-educated women looked for a professional job. Third, married women preferred part-time jobs, which were compatible with their family care demands. Most of them wanted a workplace located close to home. The women with child-care responsibility preferred working at home. Fourth, regarding difficulties of returning to workforce, they pointed out vocational ability problems due to their career discontinuation, social prejudice such as gender discrimination and psychological pressure in maintaining work and family at the same time. In order to promote employment of married women, it is required not only to change social prejudices but also to increase effectiveness in policy implementation. In addition, counseling for job-search and vocational ability training programs should be provide.

A Study on the Development of Suitability Site Indicator for Urban-Rural Migration/Return to Fishing (귀어·귀촌 적지지표 개발에 관한 연구)

  • Jang, Young-Soo;Lee, Jung-Phil;Kim, Ji-Ung;Song, Young-Taek
    • The Journal of Fisheries Business Administration
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    • v.49 no.2
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    • pp.49-65
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    • 2018
  • The aim of this study is to develop suitability site indicator of urban-rural return to fishing and to analysis priority of the indicators. The study is based on literature review, expert survey and AHP(Analytic Hierarchy Process) methods. This study found 5 factors(natural environment, acceptance environment, social overhead capital, economy, fishing environment) and 21 detail variables. as a result of AHP, fisheries resources, acquisition convenience of fishing license, income(except fishing), attitude of local resident, one-person household income, high income fishing were showed high priority. This result indicate that economic foundation is most important factor for suitable site of the returning.

Performance of Adaptive TMD for Tall Building Damping

  • Weber, Felix;Yalniz, Fatih;Kerner, Deniz;Huber, Peter
    • International Journal of High-Rise Buildings
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    • v.10 no.2
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    • pp.99-107
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    • 2021
  • This research investigates the potential of Adaptive TMDs for tall building damping. The Adaptive TMD under consideration is based on real-time controlled hydraulic dampers generating purely dissipative control forces. The control approach is designed to enhance the Adaptive TMD efficiency for moderate wind loads with return periods below 50 years. The resulting enhanced TMD efficiency is used to reduce the pendulum mass by 15% compared to the passive TMD while still guaranteeing the acceleration limits of the one and ten year return period winds. Furthermore, the adaptive control approach is designed to disproportionally increase the controlled damping force at wind loads with return periods of 50 years and more in order to reduce the maximum relative motion of the Adaptive TMD with only 85% pendulum mass. Compared to the passive TMD with 100% pendulum mass the maximum relative motion is reduced by 20%. Both the pendulum mass reduction and the maximum relative motion reduction significantly reduce the foot print of the Adaptive TMD which is highly desirable from the economic point of view.

Economic Assessment of Biomass Heating for Rural Application (바이오매스를 이용한 농업용 난방계획의 경제성 검토)

  • Hong, Seong-Gu
    • Journal of The Korean Society of Agricultural Engineers
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    • v.47 no.2
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    • pp.45-52
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    • 2005
  • Biomass is one of the most competitive renewable energy resource and can be used for heating for rural applications. A economic assessment was made of biomass heating, using the tool BIOH2000 from $RETScreen^{\circledR}$ International Clean Energy Decision Support Centre. For a 260kW heating system for 50 farm houses, the assessment showed a very promising results. Internal rate of return was $19.7\%$ and year-to-positive cash flow was 5.1 years. Relative price of biomass over fossil fuel significantly affected the economic feasibility of the project. Heating demand was directly related to annual demand of biomass and economic feasibility. Relative cost of distribution pipe over the total initial costs also affected the economic feasibility of the project. The economic feasibility was expected to be improved by the probable greenhouse emission reduction credit and reduction of initial costs through utilizing existing heating system for peak or back up heating system.

Tag-based Evaluation Model for Economic Feasibility Analysis of Mobile RFID System in Ubiquitous Space (유비쿼터스 공간 구축을 위한 모바일 RFID 시스템의 경제성 평가에 대한 연구 : 태그 기반평가모델을 중심으로)

  • Lee, Kyoung-Jun;Choi, Hyung-Kwang;Jun, Jung-Ho
    • Journal of Information Technology Services
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    • v.10 no.2
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    • pp.189-202
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    • 2011
  • It is important issue how to evaluate the economic feasibility of computing factors in the real world when we build ubiquitous spaces. In this paper, we propose a simple model that can evaluate the economic feasibility of mobile RFID-based ubiquitous computing system which enables seamless communication between offline and online via embedded computing factors in the real world. To achieve this, we explore the meaning of mobile RFID system, the difference between our research and extant researches concerning the evaluation of economic feasibility in RFID system, and propose the so-called 'Tag-based Evaluation Model' (TEM) which is an evaluation model to access the economic feasibility of mobile RFID systems. We also analyze the TEM via simulation cases based on proposed model and discuss the future of TEM.

An Economic Feasibility Study of Mackerel Offshore Aquaculture Production System (고등어 외해가두리양식의 경제성 분석)

  • Kim, Do-Hoon
    • The Journal of Fisheries Business Administration
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    • v.43 no.3
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    • pp.23-30
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    • 2012
  • This study aimed to analyze the economic feasibility of Mackerel offshore aquaculture production performance in Jeju region, Korea. Based on the collected biological, costs and market price data, farming revenue and expenses during the farming period were evaluated, and the net present value and the internal rate of return of a 10-year cash inflow and cash outflow were estimated to determine the economic feasibility of Mackerel offshore aquaculture production system. Model results indicated that the Mackerel offshore aquaculture production performance would have high profitability under the current production and market situation. This is because of the relatively high survival rate, relatively low feed conversion ratio and good market prices. However, sensitivity analyses of main important biological and economic variables showed that the economic viability of Mackerel offshore aquaculture production system would be highly vulnerable to production and market condition changes.

A Study for Determining Economic Life of KlAl Tank by Using the PRICE Model (PRICE모델을 이용한 KlAl전차의 경제수명 결정에 관한 연구)

  • 문태동;강성진
    • Journal of the military operations research society of Korea
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    • v.28 no.1
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    • pp.97-114
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    • 2002
  • An estimation of economic life for a new weapon system is a critical issue in aquisition process. In general a life cycle cost consists of, development cost, aquisition cost, and maintenance cost. These costs are not identified and obtained in the beginning of the aquisition process. This paper deals with an economic life for KlAl tank which is being deployed recently, using PRICE model. In order to estimate an KlAl economic life, we use equivalent annual cost method which is sum of capital recovering with return and equivalent O&M cost method. This method determines an economic life by minimizing annual investment cost and operation and maintenance cost. In this paper, an aquisition cost of KlAl is obtained from PRICE H and O&M cost from PRICE HL model. We obtained various results depending upon production quantity. An economic life for KlAl is estimated 18 years when 300 tanks are produced.