• 제목/요약/키워드: Financial industry

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창원시 액화수소 도입에 따른 재무성 분석 및 타당성 검토 (Financial Analysis and Validity Study for the Introduction of Liquid Hydrogen in Changwon City)

  • 강부민;정창훈;하승우;진홍덕;김학민;정대운
    • 한국수소및신에너지학회논문집
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    • 제33권4호
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    • pp.293-300
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    • 2022
  • The Changwon city which announced 2040 hydrogen policy vision is planning to establish the new hydrogen-centered city. The building of plant which is available to produce the 5 ton/day of liquid hydrogen is promoted as one of the projects in order to achieve the vision. However, the analysis in terms of local economic and environmental aspects is insufficient because this liquid hydrogen plant is the first in Korea. Therefore, in this study, the financial feasibility of the liquid hydrogen plant project was analyzed by reviewing the benefits of liquid hydrogen supply and environmental improvement, and the feasibility of this project has been investigated which is being built based on the hydrogen industrial plan of Changwon city.

IMPACTS OF DESIGN-BUILD DELIVERY SYSTEM ON THE CONSTRUCTION INDUSTRY IN TAIWAN

  • Min-Ren Yan;Wei Lo;Chien-Liang Lin
    • 국제학술발표논문집
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    • The 1th International Conference on Construction Engineering and Project Management
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    • pp.1007-1012
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    • 2005
  • Although the design-build (DB) delivery system has been taking great strides in the world and relevant researches have also been quite abundant, few studies have dealt with its potential impacts on the construction industry as a whole. This research first identified the potential entry barrier factors, which may hinder the market access, based on the theory of industrial economics and characteristics of DB project. Then through a nation-wide questionnaire survey involving 103 construction contractors and engineering consultants, the influences of each factor on company's competitiveness and corporate strategies were scrutinized, and consequently, the evolution of the construction industry was examined. It is found that as opposed to the traditional design-bid-build delivery system, the DB delivery system elevates competitive advantages of large organizations in terms of the financial capability, working experience, human resource, and administrative strength, and among them, the financial strength was concluded to be the most significant force in differentiating corporate strategies and widening the gap of competitiveness between companies. It is inferred if the government extensively adopts DB delivery system, large organizations that already possess the competitive advantage tend to obtain both design and construction abilities, and dominate the DB market. Small and medium sized companies will find little room to maneuver and be forced to become specialty sub-contractors.

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Corporate Social Responsibility and Financial Performance in Korean Retail Firms

  • Lee, Jeong-Hwan;Kang, Yun-Sik;Kim, Sang-Su
    • 유통과학연구
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    • 제16권5호
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    • pp.31-43
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    • 2018
  • Purpose - We examine how a Korean retail firm's social responsibility is related to its financial performances. The traditional view of corporation expects a negative relationship, while the stakeholder theory expects a positive one. Research design, data, and methodology - We adopt the ESG score, published by Korean Corporate Governance Service to measure the level of socially responsible activity for the Korean retail firms. The ordinary least square method is adopted to investigate this relationship. The publicly traded retail firms are examined from 2011 to 2016. Results - We find that the total ESG score is negatively related to ROE but shows no statistically significant relationship with ROA and Tobin's Q value. However, a firm's environmental score is negatively related with both of ROE and ROA. Its social score is no conclusive relationship with the performance measures. The governance score is negatively related to the value of Tobin's Q. Conclusions - This paper generally supports the traditional view of corporate theory, especially in terms of ROE. This evidence is not well aligned with the existing study for Korean corporations generally documenting positive relationships. We find almost no empirical evidence supporting the stakeholder theory of corporation in the Korean retail industry.

다중 LBP 피처를 이용한 지문 정보 마스킹 알고리즘 (Fingerprint Information Masking Algorithm By Using Multiple LBP Features)

  • 김진호
    • 한국콘텐츠학회논문지
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    • 제17권12호
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    • pp.281-288
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    • 2017
  • 금융위원회는 2019년도까지 금융기관 및 공공기관 등에서 보유하고 있는 문서에서 지문 정보를 폐기 조치하라고 통보했다. 이를 위해 문서 영상에서 지문 정보를 검출하고 마스킹하기 위한 상용 솔루션들이 발표되고 있다. 본 논문에서는 문서 영상에 다양한 형태로 기록된 지문 후보들을 분할한 다음 인공신경망 분류기로 지문인지 여부를 판단할 때 지문의 특징이 잘 반영된 피처를 추출하기 위해 다중 LBP 피처를 설계하고 이를 이용해서 지문 정보를 마스킹하는 알고리즘을 제안하였다. 제안한 지문 정보 마스킹 알고리즘을 이용하여 금융권에서 보유하고 있는 3,497장의 문서 영상을 대상으로 지문 마스킹 실험을 수행한 결과 96.4%의 지문을 마스킹 할 수 있어서 본 알고리즘이 실제 지문 정보 마스킹 작업에 효과적으로 활용될 수 있음을 확인하였다.

PB 시장에서의 보험사 경쟁력 강화방안 연구 (A study on the reinforcing competitiveness plan for insurer from PB market)

  • 곽봉환;함영진
    • 통상정보연구
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    • 제9권2호
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    • pp.41-64
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    • 2007
  • A life insurance industry's market is reaching a state of saturation recently, and the competition is as time goes by intense among the non-life insurance industry. Consequently, the insurance companies must grope a new source of revenue and develop a new business model for a stability growth. At the forked road, the insurance companies must group the existing and new customers in order to find the royal customers, and develop a new service with them. Accordingly, it is the time to study the advance of PB field and the royal customer management that will maintain and expand the new relations with them. Besides, the PB was the service to begin in needs of the specific group, but now it is regarded as a new source of high profit in the age of universal financial service among the financial circles. As a consequence, the PB marketing is introduced in haste, and such trend seems to be continued. Therefore, the plans that help the domestic insurance company reflect the characteristic of the insurance and expand the scope of business into the scope of property management according to the needs of customers under a universal financial service trend will be studied.

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법정인증제도의 확산패턴과 기업성장에 미치는 영향 (The Spread Pattern of Korean Legal Certification Systems and Their Impact on Industry Performance)

  • 최갑홍;신완선;신준석;박재연
    • 품질경영학회지
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    • 제41권1호
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    • pp.1-14
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    • 2013
  • Purpose: The purpose of this research was to investigate the spread pattern of Korean legal certification systems and their impact on industry performance. Methods: It first analyzes the life cycle of legal certification systems and classifies them into four categories based on the spread patterns in a chronological view. A survey study is then conducted to find out the impact of legal certification systems on financial performance. Both the legal mandatory certification systems and the legal voluntary certification systems are included in the survey. Results: Four spread patterns of legal certification systems are sustainable growth, stagnation after growth, decrease after growth, and repetition of growth and declination. 56% of 293 certified corporations responded positively about the financial impact of their certification systems. Conclusion: The policy makers can utilize the results of this study in designing additional certification systems as well as promoting the current legal certification systems.

범용적으로 적용 가능한 네트워크제어서버 기반의 상호인증 및 그룹핑 프로토콜 설계 (Design of Mutual Authentication and Grouping Protocol Based On Network Control Server Applicable to General Purpose)

  • 박중오
    • 디지털산업정보학회논문지
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    • 제13권4호
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    • pp.13-23
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    • 2017
  • In order to protect personal information and important information (confidential information, sales information, user information, etc.) in the internal network, companies and organizations apply encryption to the Server-To-Server or Server-To-Client communication section, And are experiencing difficulties due to the increasing number of known attacks and intelligent security attacks. In order to apply the existing S / W encryption technology, it is necessary to modify the application. In the financial sector, "Comprehensive Measures to Prevent the Recurrence of Personal Information Leakage in the Domestic Financial Sector" has been issued, and standard guidelines for financial computing security have been laid out, and it is required to expand the whole area of encryption to the internal network. In addition, even in environments such as U-Health and Smart Grid, which are based on the Internet of Things (IoT) environment, which is increasingly used, security requirements for each collection gateway and secure transmission of the transmitted and received data The requirements of the secure channel for the use of the standard are specified in the standard. Therefore, in this paper, we propose a secure encryption algorithm through mutual authentication and grouping for each node through H / W based Network Control Server (NCS) applicable to internal system and IoT environment provided by enterprises and organizations. We propose a protocol design that can set the channel.

감사인 교체연도의 재무제표 비교가능성 (Initial Audit Engagement and Financial Statement Comparability)

  • 연경석;최승욱
    • 아태비즈니스연구
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    • 제12권3호
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    • pp.193-212
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    • 2021
  • Purpose - This study investigates the effect of auditor change on client firm's accounting (financial statement) comparability. Design/methodology/approach - The comparability of accounting information is measured by the difference in accruals between the two firms. Additionally, the study uses earnings-stock return relationship as another proxy of accounting comparability. In particular, the paper examines whether there is a systematic difference between initial audit years and the other years with respect to the client firm's accounting comparability. Moreover, current study tests how changes in auditor size or industry expertise before and after the switch of auditors affect the accounting comparability. Findings - The results show that the level of accounting comparability is lower in the year of auditor change than in the other years. Furthermore, this lower level of comparability is derived by the observations that switch their auditors from non-Big4 to non-Big4 or from non-specialist to non-specialist. These results are consistent when accounting comparability is measured by different proxies. Research implications or Originality - The findings of this study provide important policy implications for the regulations related with auditor selection.

스트레스 테스트를 활용한 해운기업 안정성 연구 (Stress Test on a Shipping Company's Financial Stability)

  • 박성화;권장한
    • 한국항만경제학회지
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    • 제39권2호
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    • pp.97-110
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    • 2023
  • 본 연구는 거시경제 충격이 우리나라 해운기업 안정성에 미치는 영향을 분석하였다. 우리나라 해운기업의 부실 발생 빈도가 상대적으로 적다는 점을 고려하여 퍼스로짓모형을 통해 해운기업의 부실 확률을 추정하였다. 부실 예측모형 추정 결과, 총자산은 부실 확률과 음의 상관관계를 지닌 것으로 나타난 한편, 총부채는 부실 확률과 유의한 양의 상관관계가 있는 것을 확인할 수 있었다. 부실 예측모형 추정결과를 바탕으로 총매출, 총자산 및 총부채 충격이 해운기업 부실 확률에 미치는 영향을 스트레스 테스트하였다. 스트레스 테스트 결과, 매출 및 총자산 감소는 해운기업의 재무 안정성을 크게 악화시키는 것을 확인할 수 있었다.

A Case Study of Digital Transformation: Focusing on the Financial Sector in South Korea and Overseas

  • Eunchan Kim;Minjae Kim;Yeunwoong Kyung
    • Asia pacific journal of information systems
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    • 제32권3호
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    • pp.537-563
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    • 2022
  • This study investigates the adoption and application of digital transformation in the financial sector and analyzes the process and outcomes of digitization and digitalization in the field of the finance industry of South Korea and overseas, in order to seek both managerial and strategic implications for successful implementation of digital transformation in the future. The findings show that, for successful digital transformation, it is necessary to maximize active and systematic use of advanced online and digital technologies that form the basis of business and create an open, horizontal organizational culture and communication system to equally share and distribute advanced technologies and competencies through the entire organization. Furthermore, this study also discovers the legitimacy to concentrate the organizational competencies and know-how in providing technical training for members, expanding customer experience, and improving customer satisfaction services to contribute to improving the quality of life for members of the organization and creating and improving social and public infrastructures, instead of using digital transformation only to improve productivity of organizations or firms. As such, it is necessary to concentrate corporate competencies in establishing and supplying digital transformation that is not just human-centered but also has productivity, innovativeness, and reliability at the same time.