• 제목/요약/키워드: Equity Ratio

검색결과 190건 처리시간 0.025초

다중 스케일 지리가중회귀 모형과 KT 측정기 자료를 활용한 대구시 미세먼지에 대한 환경적 형평성 분석 (Environmental Equity Analysis of Fine Dust in Daegu Using MGWR and KT Sensor Data)

  • 조은아;전병운
    • 한국지리정보학회지
    • /
    • 제26권4호
    • /
    • pp.218-236
    • /
    • 2023
  • 본 연구는 다중 스케일 지리가중회귀(MGWR: Multi-scale Geographically Weighted Regression) 모형과 KT(Korea Telecom Corporation) 측정기 자료를 활용하여 대구시를 사례로 미세먼지(PM10)에 대한 환경적 형평성을 분석하였다. 미세먼지를 측정하기 위한 기존의 국가 측정망 자료는 넓은 지역에서 드물게 분포하는 적은 수의 관측지점에서 수집된다. 이러한 단점을 보완하기 위하여 많은 수의 관측지점이 조밀하게 분포하는 KT 측정기 자료를 본 연구에서 사용하였다. MGWR 모형은 미세먼지의 농도와 사회경제적 변수 간의 공간적 관계에 있어서 공간적 이질성과 다중 스케일 맥락 효과를 다루기 위하여 사용되었다. 분석 결과에 의하면, 대구시에서 지가 및 외국인 비율과 관련하여 미세먼지의 분포에 따른 환경적 불형평성이 나타났다. 또한, MGWR 모형이 미세먼지의 농도와 사회경제적 변수 간의 공간적 관계를 설명하는데 있어서 OLS(Ordinary Least Square: 최소자승법)와 GWR(Geographically Weighted Regression: 지리가중회귀) 모형 보다 나은 설명력을 보였다. 본 연구는 미세먼지를 측정하기 위한 기존의 국가 측정망 자료의 보완자료로서 KT 측정기 자료의 가능성을 논증하였다.

노인가계 포트폴리오 구성 및 영향변수에 대한 연구 (A Study of Asset Portfolio and Impact Variables affecting on the Aged)

  • 배미경;홍공숙
    • 한국생활과학회지
    • /
    • 제15권6호
    • /
    • pp.973-984
    • /
    • 2006
  • This study examined the asset allocation of the aged and analyzed the impact variables on the portfolio ratio of different kind of finanical assets. The aged was divided three groups, 55-65, 65-75 and 75 over. The results showed that the aged are not likely to invest on risky asset and their assets composed of mostly real estates and bank account. The study include four different assets, such as liquid asset, risky assets, horne equity and other real estates, which reflects the liquidity problems of households asset allocation for the aged in Korea. The aged who do not participate on stock market are likely to have more liquid assets. Households lived in Daegu, Kwangju, ChungCheong and CheonRa tend to have more liquid assets compared to those in Seoul. Total income is appeared having positive relationship with illiquid assets including stock, bonds, and private pension. Age group with 75yrs over tend to have greater mean of illiquid assets and it may caused by the polarization of assets, which gives intuition for the future study.

  • PDF

식스 시그마 도입기간이 기업의 재무적 성과에 미치는 영향 연구: 평활 스플라인 함수를 이용하여 (The Study on Relation between Six Sigma Implemented Period and Financial Performance: Using Smoothing Spline Function)

  • 류창헌;박민재
    • 한국신뢰성학회지:신뢰성응용연구
    • /
    • 제16권2호
    • /
    • pp.78-89
    • /
    • 2016
  • Purpose: In this paper, we investigate whether the endeavors for Six Sigma quality management by a firm have positive effects on its financial performance and the length of Six Sigma implemented period affects its financial status. We find a relationship between Six Sigma implemented period and several financial performance index using a smoothing spline function. Methods: A smoothing spline function is used in order to analyze the relationship between efforts for quality management and financial performance. Specifically, the return on assets, return on equity, sales cost and business fee are investigated as dependent variables and the efforts for quality management as independent variable. Results: As a result of the analysis, the indication is that companies that put effects into the Six Sigma quality management have a positive result in its financial status. In detail, the efforts for Six Sigma quality management have positive effects on total asset turnover ratio and Six Sigma implemented period on net income to net sales ratio. Additionally, companies with longer (shorter) period of Six Sigma program have more (less) improvement in its financial status. Conclusion: It can be concluded that the company's efforts for quality management positively influence financial performance.

Causality change between Korea and other major equity markets

  • Kwon, Tae Yeon
    • Communications for Statistical Applications and Methods
    • /
    • 제25권4호
    • /
    • pp.397-409
    • /
    • 2018
  • The world financial markets are inter-linked in ways that varies according to market and time. We examine the causality of change focusing on the Korean market as related to the U.S. (S&P 500), Japan (Nikkei 225), Hong-Kong (HSI), and European (DAX) markets. In order to capture time-varying causality running from and to the Korea stock market, we apply the Granger causality test under a VAR model with a wild bootstrap rolling-window approach. We also propose a new concept of a significant causality ratio to measure the intensity of the Granger causality in each time unit. There are many asymmetric strengths in mutual Granger causal relationships. Moreover, there are cases with significant Granger causal relations only in one direction. The period with the most severe Granger causality both running from and to the KOSPI market is the GFC. The market that formed the two-way Granger causal relationship with the KOSPI market for the longest period is the S&P 500. The HSI and DAX markets have the strongest two-way Granger causal relationship with the KOSPI shortly after 2000, and the Nikkei market had the strongest two-way Granger causal relationship with the KOSPI market before the Asian financial crisis.

품질경쟁력(品質競爭力) 우수기업(優秀企業)의 경영성과(經營成果)에 관한 실증적(實證的) 연구(硏究) (An Empirical Study on the Management Performance of Excellent Quality Competitiveness Enterprise)

  • 유영철;배영주;김광수
    • 대한안전경영과학회:학술대회논문집
    • /
    • 대한안전경영과학회 2009년도 추계학술대회
    • /
    • pp.231-249
    • /
    • 2009
  • The 'Excellent Quality Competitive Enterprises' selection system began with the government's selection and announcement of 'Top 100 Excellent Quality Competitive Enterprises' in 1997 in accordance with Article 6 of the Quality Management and Safety Control of Industrial Products Act and Article 5 (Selection of excellent quality management enterprises, etc.) of the Act's Enforcement Decree. The content of the research and analysis results is summarized as follows: 1. The participation and confidence of enterprises in the differentiation of the assessment system for the excellent quality competitive enterprises selection system is high: from the initial year to the present, 10% of enterprises have participated in the system for over 10 years and since 2000 participating enterprises have been on a steady rise. 2. The distribution of participating enterprises is not limited to any specific region but is spread nationwide, while the participation scale and business types also are being evenly distributed. 3. From the perspective of management performance, as compared with the average of domestic manufacturing businesses or that of U.S. manufacturing businesses, an analysis found that among management results, the excellent quality competitive enterprises achieved far higher sales growth and operating profit rate on sales, however their own capital ratio and debt to equity ratio appeared to be slightly higher.

  • PDF

Non-Controlling Interests and Proxy of Real Activities Manipulation in Stakeholder-Oriented Corporate Governance

  • FUJITA, Kento;YAMADA, Akihiro
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제9권10호
    • /
    • pp.105-113
    • /
    • 2022
  • The purpose of this paper is to analyze the relationship between the ratio of non-controlling shareholder interests (minority equity ratio, MER) and the measurement error in real activities manipulation (RM) proxy for Japanese firms. Many Japanese firms have practiced stakeholder-oriented corporate governance systems. Previous studies suggest that the higher the MER, the more Japanese businesses tend to employ management techniques for the group's sales growth while also reallocating resources inside the group to reduce principal-principal conflicts. Such differences in management strategies by firms could lead to measurement error in the RM proxy. The analysis uses 16,450 firm-years listed on the Tokyo Stock Exchange. The results of our analysis show that there is a positive relationship between MER and the RM proxy, and high persistence of RM proxies, suggesting that the RM proxies may contain measurement error. We also find that MER is correlated with variables associated with management strategy and that controlling for these variables can reduce the measurement error of RM proxy in firms with large MER. This study extends previous research on measurement error in RM proxy by relating them to ownership structure and corporate governance. This paper would contribute to researchers examining issues related to RM.

국내 외국인투자기업의 연구개발 활동 : 현황 및 시사점

  • 김기국;임덕순
    • 기술혁신연구
    • /
    • 제9권1호
    • /
    • pp.121-147
    • /
    • 2001
  • This paper analyzed the R&D activities of foreign companies in Korea. A survey was conducted using questionnaires along with the field interviews. The survey results show that some foreign companies in Korea actively carry out R&D indicating that Korea is becoming a R&D location for the multinational companies. It also shows the wide differences by industries, corporate size, foreign equity ratio, and home country of mother companies. It is suggested that Korean government should utilize the inward foreign direct investment to strengthen the national innovation system of Korea. Various policy measures were recommended to encourage foreign companies to have easier access to domestic R&D resources, carry out R&D activities, and interact with domestic R&D actors. It is also argued that it is necessary to eliminate negative environmental barriers perceived by foreign companies.

  • PDF

풍력발전사업 에너지생산량 산정 오차가 사업성지표에 미치는 영향 및 AHP를 이용한 중요인자 분석 (Influences of Energy Production Estimation Errors on Project Feasibility Indicators of a Wind Project and Critical Factor Analysis by AHP)

  • 김영경;장병만
    • 경영과학
    • /
    • 제30권2호
    • /
    • pp.1-10
    • /
    • 2013
  • Case studies are made to investigate the relationship between the accuracy of energy production estimation and project feasibility indicators such as rate of return on equity (ROE) and debt service coverage ratio (DSCR) for three wind farm projects. It is found out that 1% improvement in the accuracy of energy production estimation may enhance the ROE by more than 0.5% in the case of P95, thanks to improved financing terms. AHP survey shows that MCP correlation of measured in situ wind data with long term wind speed distribution and hands-on experiences of flow analysis are more important than other factors for more precise annual energy production estimation.

Gaining Insight into IT Investment in the Agriculture Industry: Comparison of IT Portfolios by Type of Crops

  • Jiyeol Kim;Cheul Rhee;Junghoon Moon
    • Asia pacific journal of information systems
    • /
    • 제27권4호
    • /
    • pp.233-244
    • /
    • 2017
  • IT portfolio, meaning the ratio of investment with four different purposes of IT, is widely used for evaluating the adequacy of investment and its performance within firms. Despite of such a useful framework looking at investment on IT, IT portfolio in agriculture industry seems to be differentiated from other industries. In this study, we compared IT portfolios of farms: grain, field fruit and vegetable, greenhouse fruit, greenhouse vegetable, beef cattle and pig. We classified farms by their return on equity (ROE) in order to analyze the relationship between IT portfolio of each crop and performance. Then, we found patterns of IT portfolios of top-performance farms compared to all farms for each agricultural product. Lastly, peculiarities of each crop are interpreted and discussed to find out top-performance farms' IT investment patterns. From our study, it could be inferred that monotonous IT investments may not be as effective.

한국 농업법인의 적정부채비율 추정을 위한 실증연구 (The Study on the Estimation of Optimal Debt Ratio in Korean Agricultural Corporations)

  • 김우석;서범;임인섭
    • 한국산학기술학회논문지
    • /
    • 제18권4호
    • /
    • pp.135-142
    • /
    • 2017
  • 본 연구는 다른 산업에 비해 정부의 부채비율 정책에 민감하다고 할 수 있는 우리나라 농업법인의 적정부채비율 추정을 위하여 이론적으로 도출 가능한 분석적 수리모형을 수립하고 객관적인 자료를 이용하여 적정부채비율을 추론하는데 목적이 있다. 분석모형은 독립변수를 부채비율로 하는 자기자본순영업이익률 계산식으로부터 출발하고 관련 모수는 매출액 영업이익률, 총자산회전율, 순금융비용율로 구성된다. 이 가운데 순금융비용율의 경우 부채비율과 1차 선형 관계를 고려한 방정식을 분석모형에 추가하는 등의 분석적 절차에 따라 적정부채비율 기준을 자기자본순영업이익률을 극대화하는 부채비율 수준으로 정의하고, 이들 식으로부터 자기자본순영업이익률은 부채비율을 독립변수로 하는 2차함수로 나타낸다. 이러한 분석방법 및 절차에 의해 우리나라 농업법인의 14년 자료를 토대로 적정부채비율을 도출한 결과 약 138% 정도의 부채비율이 농업법인 전체의 자기자본순영업이익률을 제고하는 것으로 나타났다. 이는 그동안의 농업법인 부채비율이 적정부채비율에 비해 비교적 높게 형성되어 있음을 알 수 있는 결과로써 기업이 부채비율을 관리하는 목적이 안전성 유지, 수익성 확대 등에 있고, 부채비율 관리에서 중요한 것이 수치에 대한 일률적 판단이 아닌 해당 업종의 특성을 고려한 대응이라고 했을 때 향후 농업법인에 대한 당국의 정책적 변화가 뒤따라야 할 것으로 보인다.