• Title/Summary/Keyword: Financial Satisfaction

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Assets of the Elderly and their Life Satisfactions: Mediating Effects of Financial and Emotional Support with their Children Not Living Together (노인의 삶의 만족도에 자산이 미치는 영향: 비동거 자녀와의 경제적, 정서적 지지교환의 매개효과)

  • Won, Do-Yeon;Noh, Jae-Hyun;Shin, Yong-Seok
    • 한국노년학
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    • v.37 no.3
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    • pp.687-705
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    • 2017
  • The purpose of present study is to examine the effects of the elderly's assets on life satisfaction, and to examine the indirect effects, such as financial and emotional support exchange with their children, between their assets and life satisfaction. For this study purpose, the 5th data of the Korean Longitudinal Study of Aging (KLoSA) was used. Abstracted from the data, 1,977 cases only for the elderly over 65-year-old were analyzed by employing SPSS 23.0 and SPSS Process Macro. The analysis results are summarized as follows. First, the assets of the elderly had a positive direct effect on the satisfaction of life. Second, the elderly's assets indirectly affected the satisfaction of life through the financial support exchange with their child(ren). Lastly, the elderly's assets indirectly affected the satisfaction of life through the emotional support exchange with their child(ren). Based on these results, this study suggests practical and political implications in terms of social welfare for the elderly's life satisfaction, so as to facilitate the elderly's assets accumulation, and to enhance support exchange between the elderly and their child(ren).

The Impact of Kitchen Employees' Perception of a Food Purchasing System on Non-Financial Performance in a Contract Food Service Company - Focused on Taegu.Gyeongbuk Area - (조리종사자의 식자재구매시스템 인지와 비재무적 성과의 영향 관계 - 대구.경북 위탁급식업체를 중심으로 -)

  • Jeong, Wook-Young;Oh, Young-Sub
    • Culinary science and hospitality research
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    • v.18 no.3
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    • pp.46-57
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    • 2012
  • This study aims to analyze how the perception of a food purchasing system affects non-financial performance and job satisfaction among the kitchen employees of contract foodservice companies in Taegu Gyeongbuk area. By a convenience method, 197 copies(85%) out of 230 copies of the questionnaire were used for analysis. For data processing, the SPSS WIN Version 14.0 statistical package program was used and the frequency analysis reliability analysis, factor analysis were conducted so the hypothesis was verified through the multiple regression analysis. The results are as follows: First, the perception of a food purchasing system affected job satisfaction as a whole, which was significant in food ingredients management factors of sub-hypothesis1-2. Second, the perception of a food purchasing system affected non-financial management performance, which was significant in food ingredients management factors of sub-hypothesis2-2, and food ingredients supply and demand factors of sub-hypothesis2-3. Third, job satisfaction affected non-financial management performance of a company as suggested by hypothesis 3. From these results, it was found that kitchen employees' perception of a food purchasing system can induce their positive attitude, which exerts positive effects on business performance.

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Retrospective analysis of the financial break-even point for intrathecal morphine pump use in Korea

  • Kim, Eun Kyoung;Shin, Ji Yeon;Castaneda, Anyela Marcela;Lee, Seung Jae;Yoon, Hyun Kyu;Kim, Yong Chul;Moon, Jee Youn
    • The Korean Journal of Pain
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    • v.30 no.4
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    • pp.272-280
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    • 2017
  • Background: The high cost of intrathecal morphine pump (ITMP) implantation may be the main obstacle to its use. Since July 2014, the Korean national health insurance (NHI) program began paying 50% of the ITMP implantation cost in select refractory chronic pain patients. The aims of this study were to investigate the financial break-even point and patients' satisfaction in patients with ITMP treatment after the initiation of the NHI reimbursement. Methods: We collected data retrospectively or via direct phone calls to patients who underwent ITMP implantation at a single university-based tertiary hospital between July 2014 and May 2016. Pain severity, changes in the morphine equivalent daily dosage (MEDD), any adverse events, and patients' satisfaction were determined. We calculated the financial break-even point of ITMP implantation via investigating the patient's actual medical costs and insurance information. Results: During the studied period, 23 patients received ITMP implantation, and 20 patients were included in our study. Scores on an 11-point numeric rating scale (NRS) for pain were significantly reduced compared to the baseline value (P < 0.001). The MEDD before ITMP implantation was 0.59 [IQR: 0.55-0.82]. The total MEDD increased steadily to 0.77 [IQR: 0.53-1.08] at 1 year, which was 126% of the baseline (P < 0.001). More than a half (60%) responded that the ITMP therapy was somewhat satisfying. The financial break-even point was 28 months for ITMP treatment after the NHI reimbursement policy. Conclusions: ITMP provided effective chronic pain management with improved satisfaction and reasonable financial break-even point of 28 months with 50% financial coverage by NHI program.

Effects of ISO 9001:2008 Requirement Execution and TQM on Financial Performance (ISO 9001:2008 요구사항 실행이 TQM과 재무성과에 미치는 영향)

  • Park, Moo-Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.2
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    • pp.80-87
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    • 2012
  • It is well known that ISO 9001 and TQM have significant effects on business success. We analyzed the effects of ISO 9001 requirements and TQM on financial performance with structural equation modeling. Hypotheses are proposed and tested based on existing beliefs, proposition and prior research concerning quality. Survey data were collected from 291 manufacturing companies with ISO 9001 certifications. The data show that ISO 9001:2008 requirements have significant positive direct effects on TQM practices, but do not have positive direct effects on financial performance. As expected, TQM has significant positive direct effects on financial performance. One of the important results is that efforts to meet ISO 9001:2008 requirements enhance TQM practices which, in turn, helps to improve financial performance. Findings in this study support the claims that ISO 9001:2008 would be a good step toward total quality management and is a meaningful component of TQM.

A Study on System Approach To Managerial Functioning (관리기능에 대한 체계론적 접근)

  • 이기영
    • Journal of the Korean Home Economics Association
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    • v.30 no.4
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    • pp.279-292
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    • 1992
  • The purpose of this study was to test system model for family resource management. The data were collected by means of a questionnaire distributed to the sample of 650 wives living in Seoul and Daejeon. The data were analyzed using mean, multiple regression. The result were shown as follows: 1) There were significant differences in three measure of satisfaction ―economic concern, financial satisfaction, general life satisfaction― according to contextual variables, perceived resource adequacy, planning style. 2) Planning style measures provided a unique contribution to the explanation of wives' satisfaction when contextual variables and perceived resource adequacy were controlled, but the degree of contribution was weak.

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Investigating the Determinants of Public Servant Income Management

  • Zin, Md Lazim Mohd;Ibrahim, Hadziroh;Sulaiman, Ahmad Zafwan
    • Asian Journal of Business Environment
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    • v.8 no.2
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    • pp.33-41
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    • 2018
  • Purpose - This study aims to examine the determinants of income management of the public servant. Three independent variables are examined such as attitude towards money, financial capability and debt management while the dependent variable is financial wellbeing of public servants. Research design, data, and methodology - Quantitative research is applied in this study, and data are collected by using cross sectional approach. Survey questionnaires are obtained from 270 respondents, which represents 79% response rate. The multiple regressions are used to examine the influence of attitude towards money, financial capability and debt management towards financial wellbeing. Results - The result of the multiple regression indicated positive influences of attitude towards money and financial capability on financial wellbeing. However, debt management found no significant influence on financial wellbeing. Conclusions - Research findings show that people have different attitudes towards money and different trends of expenditure. It is also crucial to be highlighted that employees' attitude and financial capability have a greater influence on overall satisfaction with employees' financial wellbeing. Some would want to show off their luxury items they bought to close friends or relatives and some are very prudent in making expenditures even for necessity items.

A Study of Urban Housewives Financial Stress, Coping Strategies and Their Economic Well-Being (도시주부의 재정 스트레스, 대처행동 및 경제복지감 연구)

  • 유을용;계선자
    • Journal of Families and Better Life
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    • v.21 no.2
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    • pp.155-173
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    • 2003
  • The purpose of this study was to gain an understanding about urban housewives' stress in family financial management, their coping strategies, and their sense of economic well-being, which will eventually provide some baseline data for policy development. The findings of this study are summarized in the following. First, the mean score of the level of financial management-related stress among urban housewives was 2.61 when the maximum level was set at 5. In order to overcome the stress from financial management, housewives utilized various strategies, such as purchasing management, financial planning, financial information gathering, getting a loan, and delaying payments. The average level of economic well-being among urban housewives was 2.82 when the maximum level was 5. Second, among socio-demographic factors, the family's monthly income and the husband's job satisfaction were the two most significant factors that affected the level of financial management stress among housewives. Third, there was a difference in employing coping strategies according to the level of stress. The group with a higher level of financial stress employed more coping strategies than the group with, a lower level of stress. Fourth, there were differences in the level of economic well-being, depending on the types of coping strategies employed. Fifth, the results from regression analyses, which were conducted to determine the relative explanatory power of different independent variable groups including subjective factors, financial management stress, and coping strategies, showed that socio-demographic and objective economic factors significantly affected economic well-being.

Relationship Based Customer Satisfaction by the Development of Information Technology in Sports Industry (정보기술 발전에 의한 관계 기반 고객 만족도 개발을 위한 연구)

  • Yum, Jihwan
    • Journal of Information Technology Applications and Management
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    • v.20 no.4
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    • pp.207-219
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    • 2013
  • The study examined relational marketing in terms of transaction specific satisfaction and cumulative satisfaction in the professional sport industry. The study evaluated the motivation of spectators visiting professional baseball games in 2012 and the satisfaction factors of relationship marketing. In this study, the satisfactions were considered in terms of single satisfaction associated with transaction and gradual satisfaction associated with customer loyalty. The relationship marketing was established considering each factor of marketing strategies, facility, game performance and entertainment. The study categorized the factors for customers to visit games as facility, game performance and entertainment with marketing strategies. The study found out that the customer satisfaction was related with both transaction specific satisfaction and cumulative satisfaction where cumulative one is longer term related. Moreover, cumulative satisfaction will be more related with the long term team financial performance.

A Study about Living together or not with the Mothers (Mothers-in-law/Mothers) and the Life Satisfaction of employed Wives (모(시.천정)와의 동거여부와 취업주부의 생활만족도에 미치는 영향)

  • 하경란
    • Journal of Families and Better Life
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    • v.15 no.4
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    • pp.301-314
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    • 1997
  • The purpose of this study is to analyze difference of life satisfaction of employed wives by living with mother-in-law or mothers. Life satisfaction of employed wives are measured by marital satisfaction the satisfaction of used time and role performamce and financial satisfaction. For this study 449 employed wives in Tajean are the subjects of survey. The main results were as follows; 1. The degree of life satisfaction of employed wives indicated more than middle level(M=3.44) While the degree of satisfaction in marital satisfaction indicated high the degree of satsifaction in the used time and role performance indicated low 2. On the whole the influential valiables on the marital satisfacton of employed wives were found in the following oreders; wife's and husband's educationa level job and income. 3. There were a non-significant difference in the life satisfaction of employed wives between living with mothers or not. But the differences between living with mothers-in-low an mothers were significant in the satisfaction of used time and role performance.

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An Empirical Analysis of Factors Influencing Seniors' Satisfaction with the Use of Wealth Management Services in Financial Institutions (시니어의 금융기관 자산관리 서비스 이용 만족도에 영향을 미치는 요인에 대한 실증 분석)

  • Park, Hyun-jung;Kang, Shin-gi
    • Journal of Venture Innovation
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    • v.6 no.3
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    • pp.221-240
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    • 2023
  • In a recent study conducted in South Korea, a nation grappling with the implications of an increasingly super-aged society, researchers empirically analyzed the factors influencing seniors' satisfaction with financial institutions' wealth management (WM) services. We surveyed 250 seniors who utilized financial institutions' wealth management services. Independent variables such as product(diversity, profitability, stability), employee(expertise, problem-solving ability, customer orientation), physical evidence, process, inheritance service, and trust service were carefully examined. Employing hierarchical regression analysis, we tested hypotheses within an established research model. The findings revealed that variables like product stability and profitability, employee problem-solving ability, customer orientation, process, inheritance service, and trust service significantly positively affected satisfaction with WM services. In contrast, no substantial association was detected between satisfaction and factors like product diversity, employee expertise, or physical evidence. Among the influential factors, the order of impact was determined to be employee customer orientation, problem-solving ability, trust service, product stability, inheritance service, product profitability, and process. This research provided essential insights into the nuanced preferences and needs of seniors concerning wealth management services. The detailed examination of the subject might also shed light on similar challenges faced in the other aging societies. As the global population continues to age, the implications of this study could reach far beyond the borders of South Korea. By understanding these key determinants of satisfaction, financial institutions worldwide can tailor their wealth management services to better meet the unique demands of the senior population.