• Title/Summary/Keyword: Financial industry

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Key motivating factors affecting skilled workers' productivity in Construction projects

  • Enshassi, Adnan;Mahdi, Mahdi
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.142-146
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    • 2015
  • Human resources development is considered a critical issue for improving productivity of workers in construction industry. The aim of this study is to identify and rank the key motivating factors that impact skilled workers productivity according to their relative importance. A total of 27 factors were identified through a literature review, which were categorized into 2 group financial and un-financial motivators. A questionnaire instrument was adopted in this study. The study revealed that the most significant group which affected skilled workers' productivity in construction projects was financial group with the recognition of the un-financial group importance. The results emphasized that the financial group has an edge over the un-financial group which reflect the priority of need for the respondents. The results indicated that the un-financial group represents a backbone in its importance after the financial group which reflects that un-financial factors can improve productivity. The findings showed that the provision of companies to safety conditions factor such as protective safety clothing and protective equipment was ranked very low by the respondents. This is due to the dominant culture of the workers as well as the lack of their awareness regarding their own safety and lack of companies' interest in safety and health for workers. Construction companies are advised to take the key motivating factors obtained from the results of this study into serious consideration in order to improve the satisfaction of their workers and improve their productivity.

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FAIR-Based BIA for Ransomware Attacks in Financial Industry (금융 산업에서 발생하는 랜섬웨어 공격에 대한 FAIR 기반의 손실 측정 모델 분석)

  • Yoon, Hyun-sik;Song, Kyung-hwan;Lee, Kyung-Ho
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.27 no.4
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    • pp.873-883
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    • 2017
  • As Ransomware spreads, the target of the attack shifted from a single personal to organizations which lead attackers to be more intelligent and systematic. Thus, Ransomware's threats to domestic infrastructure, including the financial industry, have grown to a level that cannot be ignored. As a measure against these security issues, organizations use ISMS, which is an information protection management system. However, it is difficult for management to make decisions on the loss done by the security issues since amount of the damage done can not be calculated with just ISMS. In this paper, through FAIR-based loss measurement model based on scenario's to identify the extent of damage and calculate the reasonable damages which has been considered to be the problem of the ISMS, we identified losses and risks of Ransomeware on the financial industry and method to reduce the loss by applying the current ISMS and ISO 27001 control items rather than modifying the ISMS.

Cluster Analysis on the Management Performance of Major Shipping Companies in the World (세계 주요선사의 경영성과에 대한 군집분석)

  • Do, Thi Minh Hoang;Choi, Kyoung Hoon;Park, Gyei Kark
    • Journal of Korea Port Economic Association
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    • v.33 no.4
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    • pp.17-36
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    • 2017
  • In the modern economic context, it is apparent that there is a strong focus on the importance of global shipping industry. Recently, the world economic crisis has negatively influenced the industry with regard to both supply and demand, which has seen almost no sign of recovery. The fact that the entire industry is operating with low efficiency and at a low profit state has made all stakeholders anxious. This research examines the financial performance of the world's major shipping lines in order to give maritime stakeholders a closer look into the industry behind the ranking. Besides, the research evaluates the competitiveness of shipping companies in terms of financial ability and suggestions for strategic actions to stakeholders are provided. For these purposes, Fuzzy-C Means is used to cluster the selected lines into different groups based on their financial indices, namely liquidity, asset management, debt management and profitability. Levene's tests which are then followed by ANOVA tests are also utilized to assess the robustness of the clustering outcomes. The results indicate that liquidity, solvency and profitability act as the main criteria in the classification problem.

The Effects of Government Financial Support on the Performance of Industry-University Cooperation: Focus on LINC Program (정부 재정지원이 산학협력 성과에 미치는 영향 분석: 산학협력 선도대학 육성사업을 중심으로)

  • Moon, Hyungjin;Lee, Heesang
    • Journal of Technology Innovation
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    • v.24 no.3
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    • pp.29-52
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    • 2016
  • As Industry-University Cooperation (IUC) has been emphasized for securing national competitiveness in a knowledge-based economy, the South Korean government has promoted related policies, including a financial support program for facilitating IUC activities. This study examines the effects of Leaders in INdustry-university Cooperation (LINC) program, which is one of the government financial support programs for IUC, on the performance of IUC by propensity score matching. The results show that LINC program positively influences the number of technology transfers and the number of faculty that participated in start-ups. The results of this study are expected to provide implications for improving IUC policies and the financial support program.

Empirical Analysis on the Spillover Effects between Korean and U.S. Stock Market after U.S. Financial Crisis (서브프라임사태 전후 한미간 정보전이현상에 관한 연구)

  • Yae, Min Soo
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.4 no.4
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    • pp.113-125
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    • 2008
  • This paper investigates the spillover effects(co-movements) between korean and U.S stock market by KOSPI and DJIA Index. Especially it compare to the pre- and post period of U.S. financial crisis resulted from sub-prime mortgage loan. The main results are as follows. First, the spillover effects of DJIA(U.S. market) to KOSPI(Korean market) are strong. This result accord with the former researches on this subject. Second, spillover effects are more strong after U.S. financial crisis. A possible reason for this phenomenon is a trend which the major investors such as foreign and institutional investors in domestic stock market have more attention to U.S. stock market. Third, the spillover effects appear in the opposite direction, that is KOSPI(Korean Stock Market) to DJIA(U.S. Stock Market). It seems to be the results of asian stock market's growing infIuences to European and U.S Markets.

A Study about creating jobs suitable for the ubiquitous age - The center of the real estate industry - (유비쿼터스 시대에 맞는 일자리창출에 관한 연구 - 부동산산업 중심으로 -)

  • Kim, Hyeong-Geun;Kim, Boo-Sung
    • The Journal of the Korea institute of electronic communication sciences
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    • v.8 no.3
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    • pp.499-503
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    • 2013
  • In the real estate industry, job creation is dominated by SOC financial investment expansion. Financial investment like SOC can induce employment only if is executed as cost of equipment by setting the budget as a long-term project. In this study, a hypothesis was set regarding how the real estate industry affects job creation, and makes suggestions based on analysis of relational structure among variables through the research model.

Quantitative examination of the Korean Textile Complex (통계자료에 의한 섬유산업의 이해)

  • Ye, Hae-Kyung
    • Journal of Fashion Business
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    • v.1 no.1
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    • pp.43-52
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    • 1997
  • The main purpose of this study was to examine the sectors of Korean textile complex based on various economic characteristics and performances. The sectors in the textile complex differed in many aspects. Man-made fiber industry showed capital-intensive characteristics even though most of the sectors in the textile complex were labor-intensive. Textile industry is composed of weaving and spinning, knitting, dyeing and finishing sectors and even within the textile industry, each sector had different characteristics from each others. Weaving and spinning sector seemed to require relatively high capital investment, while dyeing and finishing was very labor-intensive. Labor-intensive apparel industry has faced decrease in labor-productivity while wage has increased. Slow growth in labor productivity in Korean textile complex was shown to be a more problem than increase in wage or ratio of labor cost to value added. Apparel companies appeared to be in better financial states than the textile companies, even though the exports of apparel products have decreased in the 1990s. However, in overall the financial states of the Korean textile complex were not as strong as those of the other manufacturing sectors.

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A study on the effects of continuing business intent of third party logistics company on logistics outcomes (제3자 물류기업의 지속적 거래의도가 물류성과에 미치는 영향에 관한 연구)

  • Yang, Hong-Jun;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
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    • v.18 no.4
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    • pp.123-130
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    • 2016
  • In global competition composition changing rapidly, domestic industry faces changes and logistics industry, one of service industries, is recognized as an important factor for development of domestic industry and national economy. At this moment, companies must suggest differentiated service, strategies, etc. so as to create and maintain competitive advantages in comparison with other companies. The requirements preannounce big movement of third party logistics market. Therefore, government, logistics industry and academic world have suggested lots of studies so as to vitalized third party logistics market. The purposes of this research are to verify that innovative changes are necessary to be existing in fierce competition of third party logistics market and analyze the effects of third party logistics on logistics outcomes so as to form continuous relations with shipper.

The Structural Analysis of Antecedents and Financial.Non -financial Performances of Long-Term Orientation between Buyer and Supplier Relationship using Path Analysis;From Supplier' s Perspective of Korea Automotive Parts Industry (경로분석을 이용한 구매자-공급자 관계간 장기지향성의 영향요인과 재무적.비재무적 성과의 구조적 관계 분석;한국 자동차부품 제조업의 공급자 관점에서)

  • Kim, Hong-Geun;Kim, Hong;Lee, Yong-Gi
    • 한국벤처창업학회:학술대회논문집
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    • 2007.11a
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    • pp.291-325
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    • 2007
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Legal and Economic Analysis of Changes in Customer Value of Fintech and Financial Services

  • Lee, Jung Woo
    • Journal of the Korea Society of Computer and Information
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    • v.25 no.12
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    • pp.279-291
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    • 2020
  • It has already been a few years since the word Fintech in Korea started to attract attention. These days, they believed that Fintech was just a boom, but these days it is recognized as a catalyst for financial transformation. Large venture companies are also launching demonstration experiments by creating new organizations that can respond to Fintech. It feels like a big tide is coming to the cautious and conservative financial industry. Finance is made up of digital information. Fintech is an evolutionary process in which finance, expressed by digital information, is transformed into information technology (IT) and human economic activities are reorganized. It is FinTech. You won't be able to understand the real effects of Fintech by sticking to individual applications like remittance payments or household account book services. Fintech is an innovation that changes the structure of economic activity itself. In fact, it is from now on that a big impact will come. In other words, now is the time when we are thinking of a dream that we have not yet dreamed of. In this paper, I will examine how fintech originated, spread to Korea, and how it intends to change Korea's finance in the future. Financial institutions have used the fruits of information technology advances in the direction of pursuing stability and stability, without major changes in the way they work. However, the movement of Fintech that started in Silicon Valley in the United States shows that the fruit can be used in other directions. The fruit of technological progress is expected to expand year by year in the future. It is a request of the times to use it to improve user convenience and to pursue innovation that is beneficial to society. We expect the flow of Fintech to accelerate innovation in the Korean financial industry.