• 제목/요약/키워드: Financial Market Infrastructure

검색결과 79건 처리시간 0.028초

도심 통신기반시설용지의 개발을 위한 재무타당성 분석에 관한 연구 (Financial Feasibility Analysis for the Development of Urban Telecommunication Facility Purpose Site)

  • 박경용;정문오;이상엽
    • 한국건설관리학회논문집
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    • 제16권5호
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    • pp.31-41
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    • 2015
  • 통신기술의 획기적인 발전에 따라 국가기간시설로서 관리 운영되던 대규모 통신시설부지는 토지이용 효율성과 가치를 높이기 위해 다양한 대체방안의 모색이 필요하게 되었다. 이에 본 연구는 유휴 사회기반시설부지 활용을 위한 민간주도의 복합용도 개발수요에 부합하여 도심기반시설로 용도지정이 되어 있는 통신용지를 대상으로 기부채납 및 입체지정 방안에 따른 개발사례의 재무적 타당성 분석과정을 제시하고자 한다. 재무적 타당성 분석을 위해 확률론적 몬테카를로 시뮬레이션을 통해 순현가(NPV)와 내부수익률(IRR)을 도출하고 이를 사업방안별로 분석하였다. 사업수지 분석 결과, 기부채납과 입체지정 방안 모두 충분한 사업성을 지닌 순현가와 내부수익률을 도출되었으며 확률 역시 모두 50%를 넘는 것으로 예측되어 사업의 요구수익률을 초과하는 것으로 나타났다. 또한 시뮬레이션 결과, 임대료 상승률, 임대료, 공실률, 공사비, 할인율, 자본환원률 등의 변수 가운데 임대료가 가장 큰 영향을 미치며 토네이도 분석결과에서도 가장 민감도가 높은 관리대상 임을 알 수 있었다. 이러한 연구결과를 통해 도심기반시설의 지정용도 폐지를 통한 개발사업 도입에 대한 효율적 토지이용과 유사 사회기반시설의 활용을 위한 사업방안에 대한 시사점을 도출하고자 한다.

한국 물류기업의 북아프리카 진출 전략에 대한 연구 (An Analysis on the North-Africa Entry Strategies of Korea Logistics Companies)

  • 최창열;최혁준
    • 통상정보연구
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    • 제14권1호
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    • pp.47-65
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    • 2012
  • 아프리카에 대한 관심이 높아지고 있다. 선진국을 중심으로 자원개발, 경제협력 등의 다양한 목적으로 아프리카에 진출하고 있다. 자원을 향한 선진국의 움직임은 새로운 물류시장을 형성하고 있다. 현재 중남미 대양주 아프리카 지역은 자원개발과 국제물류의 새로운 메카로 떠오르고 있다. 막대한 사회간접 시설에 대한 투자, 물류SOC에 대한 투자를 통해 아프리카를 선점하고 있는 선진국의 움직임은 우리나라 물류기업에게 새로운 기회를 제공할 것으로 기대된다. 본 연구는 아프리카, 특히 북아프리카 지역에 진출하기 위한 물류기업의 진출전략을 제시하고자 한다. 연구의 방법은 관련기업을 대상으로 설문연구를 진행하였다. 연구결과 진입시기, 진입방법, 지리적 시장범위, 정부관계 측면에서 물류기업의 진출전략을 제시할 수 있다. 진입시기에 있어서는 진입시기의 결정이 중요하다. 진입시기가 빠를수록 경쟁력은 높아진다. 진입방법에 있어서 전략적 제휴방식이 효과적이다. 지리적 시장범위는 아프리카 지역의 물류인프라가 발달하지 못한 상황에서 중요성이 높은 요인으로 분석되었다. 정부간 관계는 기업활동에 직접적으로 영향을 미치는 것으로 나타났다. 아프리카 지역은 정부의 시장개입이 크다는 것을 인식해야 한다.

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Adopting the Electronic Services in the Light of Coved 19 from Employees' Perceptive in Karak University College

  • Allahawiah, Sattam;Altarawneh, Haroon;nawaiseh, Kafa al
    • International Journal of Computer Science & Network Security
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    • 제22권10호
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    • pp.389-399
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    • 2022
  • This study aims to investigate and analyze the impact of the COVID-19 pandemic on the adopt electronic services in education sector in Jordan, where the COVID-19 pandemic has left huge threats in terms of health and led to a significant decrease in economic output and a rise in unemployment. This study also aims to know the steps taken by the Jordanian governments and higher education ministry and universities to overcome this crisis and mitigate the economic and financial impacts that would enhance the resilience of the education sector. To achieve the goal of the study, both methods of deductive and inductive analysis were used, which helped us to systematically consider the economic and other consequences of the COVID-19 pandemic, such as statistical analyses and other tools that helped us in this study. The results of this study, showed that the COVID-19 pandemic led to a significant increase in adopt electronic services in education sector in Jordan, and decline in economic growth, a significant rise in unemployment, an increase in market instability, and a decrease in the financial position of companies. The recommendations concluded that Jordan should begin to change its policies according to the new data, and take Measures to advance the education sector by relay on electronic services and directing investment in education sector through saving policies and infrastructure equipment in parallel with the population boom in Jordan.

Idaho national laboratory to demonstrate collaboration first versus competition to accelerate achieving a secure clean energy future by 2031

  • Jhansi Kandasamy;Elizabeth Brunner
    • Nuclear Engineering and Technology
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    • 제56권3호
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    • pp.966-972
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    • 2024
  • Idaho National Laboratory (INL) announced at COP27 it would reach net zero greenhouse gas (GHG) emissions by 2031. As a Nuclear, Energy and Environment, and National Homeland Security laboratory, the predominant solution to closing the clean energy gap will include nuclear as a safe, clean, reliable and affordable electricity source with the additional benefit of producing heat and hydrogen to fuel INL's large transportation fleet. INL's collaboration first vs. competition is essential to the program's success. The focused actions in INL's Nuclear Roadmap include: Infrastructure, Licensing/Regulatory, Financial, Time to Market, Fuel Cycle and Public Confidence/Communications. The roadmap also includes nuclear technology innovations and creative partnerships with utility providers, regulators, businesses, community members, and Indigenous Peoples to accelerate deployment of advanced reactors. Through development of the Net-Zero Nuclear Roadmap, INL will offer a model to provide safe and secure energy for the nation and the world by: (1) establishing the necessary infrastructure on its 890-square mile site to support demonstration, (2) showing proven pathways through the licensing and regulation process, (3) partnering with utilities to ensure commercial application, and (4) collaborating with industry to site new technologies.

한국의 자동차 해체·재활용 제도 개선 연구 (A Study for Improving the Vehicle Dismantling and Recycling System of Korea)

  • 류병운
    • 자동차안전학회지
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    • 제8권4호
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    • pp.24-30
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    • 2016
  • In Korea, the Vehicle Dismantler and Recycler industry is supervised by the Ministry of Land, Infrastructure and Transport under the Automobile Management Act. Also, Korean Automotive recycling businesses are supervised by the Minister of Environment under the Resource Recirculation Act. The main concern of the Minister of Environment is how the wastes from Dismantled vehicles will be environmentally removed, stored, treated, recycled or disposed. In 2000, the European Union (EU) adopted the End-of-Life Vehicles Directive (2000/53/EC) which required Members to ensure the collection, treatment and recovery of end-of-life vehicles (ELVs). The Directive, the most tightly regulated and precautionary legal systems, required that the last owner of a vehicle could drop off the ELV at an authorized treatment facility and that the producers of the ELV should pay the cost of the program. The adoption of the ELVs directive has led the development of Automotive Dismantler and Recycler networks to reuse, refurbish, remanufacture, recycle and recover parts and materials embedded in ELVs. Also, the ELVs directive which has had an insignificant impact on Korean manufacturers has strong presence in the European market and has been successfully externalized on them. The Korean manufacturers not only achieve the 85% recycling target set by the ELVs directive but also meet the Extended Producer Responsibility (EPR) which requires manufacturers to contribute dismantling process. In order to improve the Korean vehicle dismantling and recycling system, the Automobile Management Act and the Resource Recirculation Act should be harmonized. Particularly the roles of the Ministry of Land, Infrastructure and Transport and the Minister of Environment should be sharply divided. Like Japan, the ELV management needs to be highly centralized, regulated, and controlled by the ministry specialized in Vehicle, namely the Ministry of Land, Infrastructure and Transport and the sub organizations. Like EU Members, recovery, reuse, and recycling must be distinguished. Recovery is defined as the final productive use of the parts and materials embedded in ELVs, which includes reuse and remanufacture of parts and recycling of the other materials. Dismantling process and reuse and remanufacture of parts must be governed by the Ministry of Land, Infrastructure and Transport. For environmental recycling or disposal of waste materials, such as CFCs, glass and plastic material, and toxic substances, governmental financial support system should be in place.

지방공기업 재무건전성 사례분석 - 광주광역시도시공사 개발사업 채무관리 평가를 중심으로 - ((A) Case Study on the Financial Solvency of Local Public Enterprises - Focused on Evaluation of Debt management of The GwangJu Metropolitan City Corporation -)

  • 전광섭
    • 지적과 국토정보
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    • 제45권1호
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    • pp.75-97
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    • 2015
  • 최근 공공기관의 부채가 급증하고 있고 정부의 재정부담 가능성이 우려할 만한 수준으로 공공기관의 부채축소가 매우 중요한 문제로 대두되고 있다. 특히 광역시도시공사의 경우 2013년 말 부채는 43.2조원으로 전체 지방공기업 부채 73.9조원의 약 58.4%를 차지할 정도로 매우 심각한 수준이어서 광역도시공사의 재무건전성 악화가 지방자치단체의 재정 안정에 심대한 영향을 미칠 것이라는 우려가 나타나고 있다. 하지만 지역의 산업단지 조성을 위한 용지공급 사업이나 공공임대주택 건설사업 등은 지역의 발전을 위해서도 필요한 실정이다. 본 연구는 광역도시공사 중 광주광역시 도시공사의 도시개발사업 및 주택개발사업에 대한 사업수지분석 등 채무관리 평가를 통하여 지방공기업 재무건전성 사례를 분석하였다. 분석결과에 따른 개선방안으로는 도시공사의 재무건전성 제고를 위해서는 정부 및 지자체 차원에서 신도시 택지개발사업에 대해 시장수요, 가격 경쟁력, 주택지표, 기반시설 여건 등을 기준으로 평가 및 차별화하여 사업추진을 결정하는데 있어서 사업타당성 분석의 정확성 제고가 필요하며 도시공사의 부채감축을 위한 "통합부채 관리체계"를 도입하여 지방공기업 부채를 포함한 지방자치단체 전체의 부채를 지방자치단체가 중심이 되는 관리 강화가 절실하다는 점이 지방공기업 부채문제 해결을 위한 주요한 발견점이 된다. 본 연구가 국가 및 지방공기업의 재무건전성 확보를 위한 이론적 측면에서의 사례분석이 되었다는 점에서 연구의 의의가 있다.

한국 헤지펀드 시장의 최적의 투자전략 도입순서에 대한 연구 (Optimal Introductive Sequence of Hedge Fund Baskets in the Korean Market)

  • 권도균;박희환;강동훈;김민정
    • 대한산업공학회지
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    • 제38권4호
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    • pp.254-257
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    • 2012
  • Hedge funds can be established in Korea after the deregulation about setting up private equity funds on September, 2011. Although the variety of asset allocation strategies is the strength of hedge funds, most of Korean hedge funds uses only the equity long/short strategy. Therefore, it is need to introduce other strategies into Korea hedge funds, however all strategies can not be adopted at once because of the infrastructure of Korea financial market. In this paper, we find the optimal introductive order of strategies for Korea hedge fund in view of individual or institutional investors. For this analysis, HFRI data are used for the historical return of each hedge fund strategy and three methods (network visualization, principle component analysis and efficient frontier optimization) are used for finding the optimal order.

전기자동차 구매의도에 대한 중국 소비자의 친환경적 행동: 규범활성화이론과 계획된 행동이론을 중심으로 (Environmentally Friendly Behavior of Chinese Consumers on Electric Vehicle Purchase Intention: Norm-activation Theory and Theory of Planned Behavior)

  • 왕조;최지훈;박수빈;노태우
    • 무역학회지
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    • 제47권5호
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    • pp.1-20
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    • 2022
  • As a part of environmental pollution mitigation in China, the number of environmentally friendly vehicles in China is proliferating, attention to vehicles that use environmentally friendly energy continues to increase, and China's new energy vehicle market is also growing rapidly. Similar to existing research, the focus of the subsidy is to provide financial support for electric vehicle buyers and the expansion of new energy vehicle charging infrastructure. Under these circumstances, this study attempts to understand the influence of Chinese consumers' green responsibility and other psychological factors on electronic vehicle purchase intention based on norm activation theory and theory of planned behavior. PLS-SEM examined the proposed hypotheses with 369 valid Chinese consumers, and all were supported. Our findings contribute to the extension of the research scope of Chinese consumers' intention to purchase electric vehicles and provide practical information for domestic and foreign firms entering China, the world's largest electric vehicle market.

Financing the Commercialisation of Green Innovation

  • Park, Jeongwon;Jeong, Changhyun
    • STI Policy Review
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    • 제4권1호
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    • pp.94-118
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    • 2013
  • Innovation plays a large role in green growth. While it is a widely accepted view that, without innovation, it would be very difficult and costly to address major environmental issues, innovation itself tends to be constrained by limited access to eco-financing and is inherently risky, often requiring a long-term horizon. Although global consensus is more or less established as to the urgency and necessity of accelerating green innovation, the quality and quantity of financing in this area is largely insufficient, with increasing funding gaps in many countries. A new financial mechanism is urgently needed in order to re-orient financial flow and enable innovators to overcome the valleys of death that occur throughout the innovation cycle. A number of different modalities exist in financing the commercialisation of eco-innovation. Existing mechanisms have not been as successful as expected, revealing critical limits to furthering certain types of projects that are essential for economic and environmental progress. Experts' estimations have shown that the funding gap will widen in the coming years as demand for clean energy and green infrastructure rises, and as green technologies and innovation develop faster than the market for it can develop. Against this backdrop, the main purpose of this research is threefold: to identify issues and problems regarding current means of funding for eco-innovation and green projects; to provide insight into securing longterm green financing by looking at European cases; and ultimately to suggest policy implications for designing and implementing eco-specific financial instruments, focusing on governments' roles in sustainable financing for eco-innovation. This study analyses different models of financing mechanisms, a mix of public and private funds, in view of suggesting conditions for the sustainable financing of green projects, especially for large-scale high-risk projects. Based on the findings from the analyses of mechanisms and the shortcomings of the existing funding modalities, this study ultimately suggests policy implications for effectively supporting the commercialisation of eco-innovation.

ESTABLISHMENT OF CDM PROJECT ADDITIONALITY THROUGH ECONOMIC INDICATORS

  • Kai. Li.;Robert Tiong L. K.;Maria Balatbat ;David Carmichael
    • 국제학술발표논문집
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.272-275
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    • 2009
  • Carbon finance is the investment in Greenhouse Gas (GHG) emission reduction projects in developing countries and countries with economies in transition within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI) and with creation of financial instruments, i.e., carbon credits, which are tradable in carbon market. The additional revenue generated from carbon credits will increase the bankability of projects by reducing the risks of commercial lending or grant finance. Meantime, it has also demonstrated numerous opportunities for collaborating across sectors, and has served as a catalyst in bringing climate issues to bear in projects relating to rural electrification, renewable energy, energy efficiency, urban infrastructure, waste management, pollution abatement, forestry, and water resource management. Establishing additionality is essential for successful CDM project development. One of the key steps is the investment analysis. As guided by UNFCCC, financial indicators such as IRR, NPV, DSCR etc are most commonly used in both Option II & Option III. However, economic indicator such as Economic Internal Rate of Return(EIRR) are often overlooked in Option III even it might be more suitable for the project. This could be due to the difficulties in economic analysis. Although Asian Development Bank(ADB) has given guidelines in evaluating EIRR, there are still large amount of works have to be carried out in estimating the economic, financial, social and environmental benefits in the host country. This paper will present a case study of a CDM development of a 18 MW hydro power plant with carbon finance option in central Vietnam. The estimation of respective factors in EIRR, such as Willingness to Pay(WTP), shadow price etc, will be addressed with the adjustment to Vietnam local provincial factors. The significance of carbon finance to Vietnam renewable energy development will also be addressed.

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