• Title/Summary/Keyword: Financial Profile

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Financial Aspects of Korean Chaebol Firms in terms of Trend of Cash Holdings and Type of a Domestic Bourse (재벌기업의 현금 유동성 결정요인의 변화와 코스피시장과 코스닥시장 간 결정요인의 변화 차이에 대한 분석)

  • Kim, Hanjoon
    • The Journal of the Korea Contents Association
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    • v.15 no.10
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    • pp.504-516
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    • 2015
  • This study addresses one of the curent issues in modern finance, which investigates financial profile on the levels of the chaebol firms' cash hoardings in the domestic capital market. Iit may be imperative to search for robust and consistent financial determinants of cash holdings as well as identifying any changes or trend of the determinants affecting the corporate cash reserves in the post-era of the global financial turmoil, considering that interest parties at the government and corporate levels, still seem to have a controversy or debate on excess cash savings. Two hypotheses were postulated and empirically tested for the chaebol firms in the study, such as any transitional changes of the relevant factors on cash holdings and unique attributes of financial factors discriminating between the different type of domestic stock markets.

The Effect of RGEC and EPS on Stock Prices: Evidence from Commercial Banks in Indonesia

  • SHOLICHAH, Mu'minatus;JIHADI, M.;WIDAGDO, Bambang;MARDIANI, Novita;NURJANNAH, Dewi;AULIA, Yoosita
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.67-74
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    • 2021
  • This study aims to examine and analyze the effect of Risk Profile, Good Corporate Governance (GCG), Earnings, Capital (RGEC), and Earnings per Share (EPS) on stock prices with financial distress as an intervening variable. The sampling technique used purposive sampling based on certain criteria and data used was secondary data, that is, annual reports of commercial banks in Indonesia for the period of 2012-2018 with a sample of 23 banks from a total population of 81 banks. This type of research is explanative with a quantitative descriptive approach to describe or explain quantitative data. The data obtained was analyzed using SEM (Structural Equation Model) with the AMOS Program. The results showed that RGEC, EPS, and financial distress affect stock prices. This is based on testing the direct effect as indicated by a p-value that is smaller than 0.05. Based on the mediation test, the results show that financial distress cannot mediate the effect of RGEC and EPS on stock prices as indicated by a p-value greater than 0.05. The implication of this research is very important for investors to analyze stock price changes based on RGEC, EPS, and financial distress to gain profits. In addition, there are various warning signs indicating that a company is experiencing financial distress or it is heading towards such a state. Being aware of these signs can help prevent failure.

Financial Profile of Capital Structures for the Firms Listed in the KOSPI Market in South Korea (국제 금융위기 이후 KOSPI 상장회사들의 자본구조 결정요인 분석)

  • Kim, Hanjoon
    • The Journal of the Korea Contents Association
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    • v.13 no.11
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    • pp.829-844
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    • 2013
  • This study performed comprehensive tests on the four hypotheses on the capital structures for the firms listed in the KOSPI during the period from 2006 to 2011. It may be of concern to find any financial profiles on firms' leverage across the book- and market-value bases since there was relatively little attention drawn to any financial changing profile of the leverage surrounding the period of the pre-and the post-global financial crises. The findings of this study may also be compared with those of the previous related literature, by which it may be expected to enhance the robustness and consistency of the results across the different classifications on capital markets. It was found that three explanatory variables such as PFT, SIZE, and RISK, were found to be the statistically significant attributes on leverage during the tested period. Moreover, the outcome by the Fisher Exact test showed that a firm belonging to each corresponding industry may possess its reversion tendency towards the industry mean and median leverage ratios.

Determinants of Housing Down Payment Sources Among Baby Boomer Households in the U.S.

  • Lee, Yoon G.;Steele, Bonny Lewellyn
    • International Journal of Human Ecology
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    • v.8 no.2
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    • pp.17-28
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    • 2007
  • Using data from the 2001 American Housing Survey, the purpose of this study is to profile the economic and socio-demographic characteristics of baby boomers according to housing down payment sources and to identify determinants of housing down payment sources among baby boomers. Results of the multinomial logistic regression analysis indicated that household income, housing value, age, education, gender, marital status, race, and geographic region were all significant determinants of housing down payment sources among baby boomers. Identification of factors affecting the occurrence of borrowing for housing down payment would aid in the development of financial education programs for baby boomer households.

A Study on Business Failure and Reorganization (기업도산과 정리에 관한 고찰)

  • 여동길;반성식
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.5 no.7
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    • pp.63-72
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    • 1982
  • The objective of this study is review effective business reorganization measures for tackling financial difficulties for financial managers. The major cause of business failure is incompetent management. Business failure occurs when a company is unable to meet its current obligations, or the net worth of the company is negative : usually the signs of business failure are predictable in advance of its actual accurrence. Discriminant analysis as well as other analytical tools - profile analysis, dichotomous analysis, analysis of likelihood ratios - have been used to predict business failure on the basis of various financial ratios , among those, discriminant analysis has been tell known an excellent technique in predicting business failure. The first question to be raised is whether the business is better off, dead or alive. Assuming the decision is made that the firm should survive, reorganization procedure should be considered. The informal procedures of voluntary settlements used in reorganization are extension : composition and liquidation by voluntary agreement. Unless this settlement is possible by those means, the case goes to the courts for 1ega1 solution. If the court decides on reorganization rather than liquidation, it will appoint a trustee to control the firm for reorganization and to prepare a formal plan of reorganization. the plan must meet the stand of fair, equitable and feasible. In that case, the court will approve the plan.

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Introduction of Profile of Foreign Mining Company, Xstrata, in Argentina (아르헨티나에서 외국광산기업, 엑스트라타, 개요소개)

  • Lee, Han-Yeang
    • The Journal of the Petrological Society of Korea
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    • v.17 no.4
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    • pp.231-237
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    • 2008
  • Famous foreign mining companies in Argentina are Xstrata, Barrick Gold, Yamana Gold, and Anglogold Asaanti respectively. Among these companies firstly a profile of Xstrata including company history, current and future mining projects, production, and financial condition are introduced in this paper for the Korean mining companies those are sincerely looking for reliable collaborative partners not to make serious mistake in investment.

Worn Wheel/Rail Contact Simulation and Cultivated Shear Stresses

  • Noori, Ziaedin;Shahravi, Majid;Rezvani, Mohammad Ali
    • Journal of the Korean Society for Railway
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    • v.16 no.2
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    • pp.93-98
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    • 2013
  • Railway system is today the most efficient way for transportation in many cases in several forms of application. Yet, wear phenomenon, profile evolution, fatigue, fracture, derailment are the major worries (financial and safety) in this system which force significant direct and indirect maintenance costs. To improve the cyclic maintenance procedures and the safety issues, it can be very satisfactory to be informed of the state of wheel/rail interaction with mileage. In present paper, an investigation of the behavior of the shear stresses by logged distance is approached, by implementing the field measurement procedure, in order to determine the real conduct of the most important cause of defects in wheel/rail contact, shear stress. The results coming from a simulation procedure indicate that the amounts of shear stresses are still in high-magnitudes when the wheel and rail are completely worn; even though in simulation based on the laboratory measurements of profile evolutions, the stresses become significantly reduced by logged distance.

Vulnerability and Security Requirement Analysis on Security Token and Protection Profile Development based on Common Criteria Version 3.1 (보안토큰의 취약성/보안요구사항 분석 및 CC v3.1 기반 보호프로파일 개발)

  • Kwak, Jin;Hong, Soon-Won;Yi, Wan-Suck
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.18 no.2
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    • pp.139-150
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    • 2008
  • Recently, financial institutes and industrial companies are adopted to security token such as OTP, smart card, and USB authentication token and so on for secure system management and user authentication. However, some research institutes have been introduced security weaknesses and problems in security tokens. Therefore, in this paper, we analyses of security functions and security requirements in security token performed by analyses of standardization documents, trends, security problems, attack methods for security tokens. Finally, we propose a CC v.3.1 based security token protection profile.

A Study on Value Determination of Information Assets Utilizing Financial Engineering Based Information Asset Profile (금융기법기반의 정보자산프로파일을 활용한 정보자산 가치측정)

  • Choi, Myeong-Gil;Jeong, Jae-Hun
    • Proceedings of the KAIS Fall Conference
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    • 2009.05a
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    • pp.272-275
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    • 2009
  • 본 논문은 정보자산의 가치측정 방법론을 수립에 필요한 정보자산프로파일의 개요를 살펴보고, 정보 자산프로파일 개발절차 및 현존하는 위험평가 방법론과의 관계를 소개하며, 금융공학기법을 이용하여 정보자산의 가치 측정을 위한 메타 모델을 제안 하고자 한다.

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Generation of Corporate risk Contents using Financial Data (국제경쟁력 강화를 위한 중소규모기업 부실예측 콘텐츠)

  • Kim, Young-Sook
    • Proceedings of the Korea Contents Association Conference
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    • 2007.11a
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    • pp.951-953
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    • 2007
  • Generation of Corporate risk Contents using Financial Data The purpose of this paper is to capture risk profiles of smaller-sized Korean firms vis-$\grave{a}$-vis larger-sized firms during the Asian financial crisis. For this purpose, risk profiles are provided by estimating expected default risks and by tracking how these have changed during this period with respect to their magnitude, volatility, and sensitivity measures. Methodology used in this study employs the Black-Scholes-Merton model for producing estimates of default risks. And the conventional trans-log function is utilized for obtaining sensitivity measures of the estimated default risks. According to empirical evidence obtained here, it is revealed that contractions of corporate loans associated with IMF austerity policy was the main factor responsible for the drastic change in the default risk profile of Korean firms after occurrence of the Asian financial crisis.

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