• The Korean Journal of Financial Management
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• v.11 no.1
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• pp.97-122
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• 1994

시장균형상태(市場均衡狀態)의 조건(條件)하에서 주식의 기대수익률을 설명할 수 있는 가격결정(價格決定) 요인(要因)이 무엇을 의미하는가를 규명하는 일은 증권시장을 설명하기 위한 중요한 과제이다. 본 논문의 연구 목적은 재정가격결정모형(栽定價格決定模型)을 적용하여 주식수익률에 대한 요인(要因)을 분석(分析)하고, 최적 포트폴리오 구성 주식수와 유의적인 가격결정 요인 및 이들이 설명하는 경제적(經濟的) 의미(意味)를 찾는데 있다. 특히 ML방식의 요인분석 과정에서 헤이우드 상황(狀況)(Heywood case)을 확인하고 정밀한 요인(要因)의 추정을 위하여 이를 제거하였으며, 헤이우드 상황(狀況)이 미치는 영향을 분석하였다. 실증분석(實證分析) 결과(結果) 요인분석에서 최적 포트폴리오 구성 주식수는 35개이며, 이때의 가격결정(價格決定) 요인수(要因數)는 $2{\sim}3$개 정도이다. 그리고 주식의 가격결정요인으로 일관성 있게 설명하는 경제변수(經濟變數)로는 종합주가지수, 산업생산성지수, 실업률지수, 기업소규모지수 등이다. 그리고 Heywood case 발생 표본은 균형모형 설정에 교란요인이 됨을 검증하였다.

• The Korean Journal of Applied Statistics
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• v.29 no.2
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• pp.331-344
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• 2016

Whole Crop Barley (WCB) is a representative self-sufficient winter annual forage crop, along with Italian Ryegrass (IRG), in Korea. In this study, we examined the path relationship between WCB yield and climate factors such as temperature, precipitation, and sunshine duration using a structural equation model. A Bayesian approach was considered to overcome the limitations of the small WCB sample size. As prior distribution of parameters in Bayesian method, standard normal distribution, the posterior result of structural equation model for WCB, and the posterior result of structural equation model for IRG (which is the most popular winter crop) were used. Also, Heywood case correction in prior distribution was considered to obtain the posterior distribution of parameters; in addition, the best prior to fit the characteristics of winter crops was identified. In our analysis, we found that the best prior was set by using the results of a structural equation model to IRG with Heywood case correction. This result can provide an alternative for research on forage crops that have hard to collect sample data.

• Journal of Navigation and Port Research
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• v.41 no.6
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• pp.409-414
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• 2017

In point of fact, there is a lack of explicit models that explain how services are perceived and evaluated by consumers who use them; present research on service quality has begun as a measure to complement this development. In this study, we applied the service quality model of PZB model based on Parasuraman et al.(1988) and the BNC model based on Brady and Cronin(2001), and compared the superiorities of each model. As a result of analyzing the questionnaire provided for terminal users, the BNC model is more superior than the PZB model. The increase in the number of factors led to an increase in the provided information, as a result of this, the model's explanatory power seems to be high. The results of this study may be different according to the characteristics of the industry, but we hope that the results presented in this study will lead to the expansion of the scope of research for the port loading and unloading business in the future.

• Journal of Navigation and Port Research
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• v.42 no.1
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• pp.39-46
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• 2018

Strategic partnerships of alliances and large shipping companies have been steadily launched in shipping market. Converting these alliances into customers and maintaining them important hub port status. The cases of container terminals to establish a political strategy based on. On the other hand, bulk terminals are relatively unexplored container terminal and bulk terminal are included in the same category of port empirical research from the overall perspective. Therefore, analysis of structural equations was utilized in this study. Analysis of the entire measurement model showed that all items except "Results - Intention of renewal" on bulk terminals were significant. This study is expected to contribute to promotion of empirical studies in various levels by compare container terminals and bulk terminals.