• Title/Summary/Keyword: Fund Management

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The Future Direction of Health Promotion Fund (국민건강증진기금 중장기 운용 방향)

  • Lee, Ju-Yul;Jeong, Ae-Suk;Kim, Hyun-Jeong
    • Korean Journal of Health Education and Promotion
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    • v.24 no.4
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    • pp.201-217
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    • 2007
  • This study reviews the amount and expenditures in national health promotion fund from 1997 to 2006, to analyse the problems and provide the future direction of health promotion fund programs. This study suggested the guide for future plans and the scope and contents of health promotion fund programs, priority and fund budgetary allocation, and operation organization. It is needed to revise health promotion law and enforcement decree of the health promotion act. The fund should be used in limited 9 areas related to healthy life activities: (1)Anti-smoking actions, (2)To support activities leading to a healthy life, (3)Public health education and development of materials, (4)Investigation and research regarding community health matters, (5)Public nutrition management activities, (6)Oral health management activities, (7)Physical exercises for health promotion, (8)Foundation related to supporting healthy life style practice society, (9)Expenses necessary for the management and operation of the fund. And also, in order to improve the performance of health promotion, it is considered to reform the operation system including organization.

Disapproval Judgment System of Research Fund Execution Details Based on Artificial Intelligence

  • Kim, Yongkuk;Juan, Tan;Jung, Hoekyung
    • Journal of information and communication convergence engineering
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    • v.19 no.3
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    • pp.142-147
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    • 2021
  • In this paper, we propose an intelligent research fund management system that applies artificial intelligence technology to an integrated research fund management system. By defining research fund management rules as work rules, a detection model learned using deep learning is designed, through which the disapproval status is presented for each research fund usage history. The disapproval detection system of the RCMS implemented in this study predicts whether the newly registered usage details are recognized or disapproved using an artificial intelligence model designed based on the use of an 8.87 million research fund registered in the RCMS. In addition, the item-detail recommendation system described herein presents the usage details according to the usage history item newly registered by the artificial intelligence model through a correlation between the research cost usage details and the item itself. The accuracy of the recommendation was shown to be 97.21%.

AThe Effects of Public Loan Programs in Fishery Industry on Management Performance and Credit Rating Change from a BSC perspective (BSC관점에서 수산정책자금이 경영성과와 신용등급 변화에 미치는 영향)

  • Park, Il-Kon;Jang, Young-Soo
    • The Journal of Fisheries Business Administration
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    • v.47 no.2
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    • pp.43-59
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    • 2016
  • This study investigated the difference of the effects of public loan programs in fishery industry on management performance from a balanced score card (BSC) perspective depending on the type of loan, scale of fund, period of support and business category, using the financial data of fisheries firms having the balance of loan at the end of 2014. The key factors influencing credit rating change were also analyzed after public loan support. From a integrative perspective, results show that the firms supported by working fund have higher management performance than the firms supported by facility fund. The firms received large scale fund showed higher management performance than the firms received small scale fund. While management performance was decreasing or slowing down over time after financial support, management performance of the firms supported by facility fund improved over time. From a non-financial perspective, the firms received facility fund invested more in education and growing perspective than the firms received working fund. As the size of fund increased, the investment in education, growing, internal process and customer increased. Personnel expenses and employee benefits for education and growing has increased over time. However, the firms with facility fund restricted the expenses of education, personnel expenses and employee benefits as time goes by. Because the effects of public loan on credit rating of fisheries corporations have no statistical significance, it has become known that the financial support of public loan program has no influence on the change of credit rating of fisheries corporations. This study attempted performance analysis from a BSC perspective which combine factors of non-financial perspective with factors of financial perspective. Findings from this study suggest the direction of microscopic performance analysis of public loan in fishery industry.

Do Teams Perform Better than Singles? : Evidence from the Mutual Fund Industry in Korea

  • Kim, Jee-Hyun
    • The Journal of Industrial Distribution & Business
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    • v.9 no.1
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    • pp.9-23
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    • 2018
  • Purpose - The purpose of this paper is to investigate the potential benefits or detriments of team management on fund performance in the mutual fund market. An additional purpose of this study is to examine the optimal number of managers in a fund industry for superior performance. Research design, data, and methodology - This paper investigates the effect of managerial structure on fund performance in the Korean active mutual fund market between 2001 and 2008. For this, we analyze two risk-adjusted performances measures- the capital asset pricing model (CAPM) and the three-factor model of Fama & French (1993). Results - First, we found that single-managed funds exhibited superior performance. Second major finding was that as the number of managers in a fund increases, the fund performance deteriorates. Finally, the results reveal that the sharpest performance drop occurs when team size increases from a 5-person team to a 6-person team. Conclusions - The results suggest that the management structure can be a source of competitive advantage for fund performance. As considering fund performance is the outcome of managers' decision-making, this study contributes to not only the financial literature but also the literature in other areas, such as management and general business.

The Impact of Investment Information Technology-based Fund Attributes on Trust, Satisfaction, Emotional Immersion, and Reinvestment Intentions

  • Seongwon Kim;Jungmann Lee;Hongkeun Kim
    • Journal of Information Technology Applications and Management
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    • v.30 no.5
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    • pp.83-105
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    • 2023
  • The purpose of this study was to investigate the impact of investment fund attributes such as fund product characteristics, returns on fund investment (ROI), internal controls, and after service on fund investor behavior based on investment information technology. In addition, we also examined how customers reinvest through emotional immersion, company trust and company satisfaction of investment firms in the context of fund investment. First, empirical results show that fund product characteristics, returns on fund investment, and financial firms' internal controls and after service act as signals to fund investors to shape their reinvestment intentions. Second, while investors are generally perceived to be interested only in investment returns, this study also shows that they consider both fund product characteristics and fund investment returns, which are core attributes of funds, as well as financial firms' internal control and after service, which are non-core attributes. Third, we find that company trust is an important factor in investors' reinvestment intentions, showing that investors are more likely to reinvest in a fund if they perceive the financial firm to be trustworthy and reliable. Finally, these findings emphasize that investors consider not only tangible aspects of fund products, such as fund product characteristics and returns on fund investment, but also intangible factors, such as financial firms' internal control and after service, and trustworthiness. Taken together, another implication is that the more advanced the investment information technology of financial firms, the more trust, satisfaction, immersion, and reinvestment intentions of investors will increase.

A Study on the Moderating Effects of the R&D Fund Management System between National R&D Fund and Research Performance (정부지원 연구비와 연구성과간의 관계에서 연구비관리시스템의 조절효과)

  • Son, Chung Geun
    • Journal of Korea Society of Industrial Information Systems
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    • v.18 no.5
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    • pp.107-117
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    • 2013
  • In order to enhance the performance of National R&D program, it is required not only the R&D funds and human resources, but also the composition of the research environment in which the researchers could fully concentrate on study. Particularly in Korea, executive burdens that arise in the course of the administration of research fund are frequently causing difficulties in concentrating on study. To remove this burden on financial management and maximize the efficiency of research funding, the government has implemented the central management system of the R&D fund. This study analyzed the moderating effects of the centralized management system of the R&D fund on the relationship between government fund and performance of the university research. Based on the analyzed result, this study concluded that the higher level of centralized management system of the R&D fund is implemented, the more influence on research outcomes grow. This study is significant to extend previous research point of view, as well as analyze the practical effect of government policies.

Experts View and Recommendation for Management and Operation of National Health Promotion Fund (국민건강증진기금 운영과 개선방향에 대한 전문가의 인식)

  • Kim, Hye-Ryun;Yeo, Jiyoung
    • Korean Journal of Health Education and Promotion
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    • v.31 no.3
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    • pp.83-95
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    • 2014
  • Objectives: This study was to examine the experts perception on the operation of the national health promotion fund and related policies, and to obtain the perspective on the improving governance of the fund. Methods: Experts opinion survey was recruited 120 experts who were public health officials, and members of board in academic societies related to health promotion and health policy, and 60 experts participated in the survey. Results: Most health care experts agreed that the current allocation of health promotion fund was not optimal with its lack of allocation on promoting healthy lifestyle and R&D for health promotion, while the majority of the fund was being spent on supporting national health insurance. Thus, establishing governance system and control tower for the fund was viewed as critical. Also the status of deliberation committee should be raised to higher position where it can hold practical authority to plan and evaluate fund spending. Conclusions: The priority of health promotion fund spending should be more on improving health such as modifying life-style and spreading healthy habits, rather than on disease management or subsidizing health insurance. It is recommended that change from to environment in health promotion policy regime is required to establish effective governance system for the fund operation.

Current Status of National Health Promotion Fund in Korea (국민건강증진기금 현황)

  • Kim, Juyeong;Lee, Joo Eun;Park, Eun-Cheol
    • Health Policy and Management
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    • v.27 no.4
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    • pp.366-371
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    • 2017
  • The National Health Promotion Fund has grown as the increase of tax on tobacco consumption, but more than half of the fund was spent on health insurance supporting. It is important to use the fund appropriately to keep legitimacy and sustainability of health promotion. Therefore, services regarding health promotion should be a priority in spending health promotion fund, and operation system should be established to manage and administer the fund properly.

Design Research of Blockchain, Machine Learning for the management of financing fund (융자성 기금관리를 위한 블록체인, 머신러닝 설계 연구)

  • Oh, Rag-seong;Park, Dea-woo
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.23 no.10
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    • pp.1201-1208
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    • 2019
  • The government has operated financing fund under the National Finance Act for the smooth conduct of national policy. But, It is exposed to problems such as the possibility of abuse of fund and the lack of after-loan management. In this paper, It uses fintech such as the blockchain and machine learning to solve these problems. The fund operation procedure is designed as a consortium blockchain, and it suggests the application of PBFT negotiation algorithm and the smart contract. In case of the fund management, it suggests utilizing multilayer artificial neural network model of machine learning and a module of result interpretation. The introduction of this research approach will improve the transparency and efficiency of the financing fund, ensure the credibility and also contribute to the improvement of the fund management and the establishment of the fund policy.

A Study on Fund-Raising of Start-up in Korea (창업자의 자금조달 방법에 대한 연구)

  • Lee, Hyun-Keun;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.15 no.4
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    • pp.401-405
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    • 2013
  • Fund-raising is critical to start-up and early stage company. We try to analyse a status of fund-raising in start-up and early stage company, and a correlation between angel investment and start-up. With last 10 years' data sheets, we find that angel investment is not related with start-up fund raising.