• 품질경영학회지
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• 제37권3호
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• pp.94-101
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• 2009

It is important to measure financial effect of six sigma projects accurately for successful implementation of six sigma in a company. However, researches on methods of six sigma financial effect measurement are relatively new. In this study, frequent error patterns of six sigma financial effect measurement are defined and accurate measurement methods are suggested. And a method of connecting six sigma financial effect to corporate income performance is also suggested which not only assures reliability of financial effect measurement but also helps to align with business strategy.

• The Journal of Asian Finance, Economics and Business
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• 제7권6호
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• pp.1-8
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• 2020

The research examines how interactions of financial literacy and peer effect indicators impact financial market participation of Vietnamese investors. In this research, financial literacy indicator is constructed from two levels, namely, basic financial literacy and advanced financial literacy. An empirical study was carried out by investigating 387 individuals who are currently working in finance-related areas such as banking, insurance and real estate industries. The findings indicate that individuals with higher level of financial literacy, specifically those with advanced financial literacy level, tend to participate in financial market. However, individuals with basic financial literacy level tend to walk away from financial market because the nexus between basic financial literacy and financial market participation is found negative statistically significant. The findings also suggest that peer effect and perceived financial literacy have a positive significant relationship with financial market participation. These findings remain robust after endogenous problem is addressed by employing instrument variable (IV) method, especially Ivprobit regression. Hence, these findings recommend that policy-makers should design and develop financial literacy programs, specifically at sophisticated level, to adapt and overtake the trend in financial innovation development. This should be done, not only on individual, but also national scale to ensure greater financial market participation.

• East Asian Economic Review
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• 제25권2호
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• pp.175-203
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• 2021

Over the past decades, financial markets have been integrated across countries while income inequality has increased in most countries. This paper studies the effect of financial market integration on income inequality and investigates whether this effect varies with the degree of financial market development. We find empirical evidence that financial market integration and financial market development interact to change income inequality. Specifically, the effect of financial market integration on income inequality is nonlinear, and the degree of financial market development plays an important role. Opening financial markets worsens income inequality in the countries holding the underdeveloped state of financial markets, however, the effect of capital account openness on income inequality is statistically insignificant in the countries with developed financial markets.

• 한국항만경제학회지
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• 제27권3호
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• pp.161-177
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• 2011

오늘날 글로벌 금융환경에서는 국가 간 자본이동이 확대되고 금융시스템의 밀접한 연계가 이루어진다. 따라서 어느 특정 국가의 금융위기는 지역 및 글로벌 금융위기로 전이될 소지가 매우 높다. 최근 미국발 글로벌 금융위기(global financial crisis)는 과거 1997~1998년 동아시아 금융위기 이후 동아시아 역내 국가들이 추진하였던 지역 금융협력 및 통합의 필요성을 각인시키는 계기가 되었다. 동아시아 지역 내 금융위기의 재발을 방지하기 위해 역내 국가들은 독자적인 유동성 공급을 위한 치앙마이합의(CMI)와 치앙마이합의 다자화(CMIM)를 실현하였다. CMI와 CMIM에 따른 역내국들 간 통화스왑협정(bilateral swap arrangement)의 확대는 역내 금융위기 발생 시 외화유동성 부족 해결, 지나친 외환보유고 축적에 따른 기회비용 제거, 그리고 견고한 금융협력을 통한 금융통합 추진 및 상호무역의 촉진에 목적이 있다. 동아시아는 특유의 생산네트워크 체제(production sharing system)구축으로 역내교역 비중이 대단히 높다. 금융 통합의 사전적 단계인 긴밀화된 금융협력이 지속적으로 확대되고 있는 상황에서 동아시아 국가들의 금융협력이 역내 수출입 물류에 어떠한 영향을 미치는지에 대해 임의효과모형 (random effect estimation)과 고정효과모형(fixed effect estimation)을 통해 분석하였다.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.231-239
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• 2021

The purpose of this study is to analyze the effect of risk efficiency, financial decisions, and financial performance on firm value due to advances in financial reporting technology. This research was conducted on all banking sub-sector companies listed on the Indonesian capital market during a period of eight years, namely 2012-2019 which were selected using the purposive sampling method. The advancement of financial reporting technology is measured by two indicators based on the Internet financial reporting approach. Risk efficiency is measured using three indicators with a risk proxy relative efficiency approach using value at risk. Financial decisions are measured by two indicators that represent funding decisions and investment decisions. Financial performance is measured by two indicators with the profitability approach, and firm value is measured by two indicators based on the investor perception approach. The data analysis technique in this study used multivariate analysis with SEM-PLS. The empirical findings of this study are the advances in financial reporting technology, financial decisions, and risk-based efficiency value have a significant effect on firm value, while financial performance does not have a significant effect on firm value. Banking companies reduce risk to achieve efficiency and result in lower profits.

• 유통과학연구
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• 제20권7호
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• pp.97-105
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• 2022

Purpose: This study aims to analyze and prove the effect of logistic capability and Total Quality Management practices on Micro, Small and Medium Enterprises (SME) performance directly or mediated by non-financial performance. Research design, data and methodology: This study tested the hypothesis using Hierarchical multiple regression analysis, the method of data collection in this study was using questionnaire, the sampling technique was purposive sampling technique, with SME that has been established for more than 5 years and manufacturing. The data analyzed were 180 respondents using SPSS 25. Results: The findings showed that logistic capability has direct and indirect effects on SME financial performance and has a positive effect on SME financial performance mediated by non-financial performance. While the total quality management practices have a positive effect on SME financial performance mediated by non-financial performance. Thus, companies can achieve maximum financial performance if they invest in developing employee knowledge and concerning on non-financial actions, such as employee satisfaction, innovation and proactively seeking market opportunities. Conclusions: In conclusion, one of the main factors that companies need to consider to improve financial performance is non-financial performance in mediating the effect of logistic capability and TQM practices on the financial performance of SMEs.

• The Journal of Asian Finance, Economics and Business
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• 제8권2호
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• pp.563-570
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• 2021

The importance of cooperative financial management is expected to be able to encourage the needs of the community especially towards the supervision of cooperatives and human resources. The study was conducted aiming to determine the effect of human resources, financial attitudes, and coordination on cooperative financial management. Research with quantitative methods. The study was conducted with multiple regression methods, while the sampling technique was based on a random sample of samples with the data collection method using a survey method in the form of a questionnaire that was measured with a Likert scale. The method of determining the research sample is done by calculating the Slovin formula, determining the research sample of 166 cooperatives in Buleleng Regency, Bali Province. The results of the research prove that partial human resources have a significant positive effect on cooperative financial management, financial attitude variables have a significant positive effect on cooperative financial management and coordination variables have a significant positive effect on cooperative financial management. The results of this study can be stated that the better the financial management of cooperatives, better will be the impact on cooperative growth so that the need for more competent resources in cooperative management.

• 유통과학연구
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• 제20권11호
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• pp.1-9
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• 2022

Purpose: This study determines the effect of spending distribution, namely experiential, impulsive, self-expressive, prosocial, and conspicuous spending, on the financial well-being of young working women in Malaysia. Research design, data and methodology: This study employed a quantitative and deductive approach. A sample of 400 young working women was selected using a systematic sampling technique. Data were collected using a self-administered questionnaire and analysed using Structural Equation Modelling (CB-SEM). Results: The findings revealed prosocial and impulsive spending as the significant spending distribution to affect financial well-being. The effect of prosocial spending is positive on financial well-being, while the effect of impulsive spending is a negative predictor of financial well-being. All other spending distribution - experiential, self-expressive, and conspicuous spending - do not have a significant effect on financial well-being. Conclusion: To achieve financial well-being, young working women need to distribute the spending budget for the happiness of others and reduce impulse buying. The findings provide useful insights on the significant role of spending distribution in influencing, how to fuel young working women to develop good spending habits that consequently improve their financial well-being, for themselves and Malaysian economics, as well as the plausible solution to overcome financial problems and high indebtedness.

• 한국지역사회생활과학회지
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• 제26권1호
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• pp.177-189
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• 2015

This study investigates the effects of economic factors on happiness in terms of life satisfaction, one of the most important goals in human life, and examines the moderating role of financial management in the effect of financial stress. Data were collected total 341 individuals in Daejeon, Korea(235 college students and 105 women). The factors influencing life satisfaction were analyzed multiple regression analysis. Effects of moderating variables were tested hierarchical regression analysis. Subjective financial stress was related to both individualistic happiness and collectivistic happiness, whereas objective financial stress had a negative effect only on collectivistic happiness. Financial management (specifically control of expenditure behaviors) had positive effects on both individualistic happiness and collectivistic happiness. Financial management moderated the relationship between financial stress and happiness. The results have important implications.

• 벤처창업연구
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• 제18권5호
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• pp.175-183
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• 2023

본 연구는 대학생들의 금융이해력과 재무관리행동이 창업인식에 미치는 영향과 기업가정신의 매개효과를 살펴보았다. 이를 위하여 부산경남지역 대학생들을 대상으로 설문조사를 실시하였으며, 총 207명의 응답을 표본으로 SPSS 28.0 프로그램을 이용하여 검증하였다. 연구결과, 금융이해력과 재무관리행동은 기업가정신과 창업인식에 긍정적인 영향을 미치는 것으로 확인되었다. 또한, 금융이해력과 창업인식, 재무관리행동과 창업인식간에 기업가정신은 긍정적인 매개효과를 하는 것으로 확인되었다. 금융이해력 향상은 바람직한 재무관리행동으로 이어져 재정적으로 책임감 있는 의사결정을 할 수 있는 잠재력을 키워주며 미래에 기대하는 삶의 수준을 달성하기 위한 실천의지를 높여준다. 본 연구 결과는 잠재적 창업가인 대학생들이 혁신과 성장의 원천인 창업을 인식하고 이를 촉진하기 위해서는 대학교육 과정애서 금융이해력과 기업가정신 교육이 매우 중요함을 시사하고 있다.