• Title/Summary/Keyword: Market test

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A Study on Jeanswear Market Segmentation of High School Students Based on Brand Loyalty (고등학생의 상표충성차원에 의한 진의류 시장세분화연구)

  • 임정선;임숙자
    • Journal of the Korean Society of Clothing and Textiles
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    • v.21 no.4
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    • pp.782-794
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    • 1997
  • The purpose of study were 1) to find whether brand loyalty is reasonable measurement for market segmentation or not, 2) to know consumers' purchasing behavior by marketsegmentation, 3) to draw preference jean product. Objects were 462 high school students who live in Seoul and random sampling referred from "Korean school guide book". The questionnaires were selected from the previous studies and various bibliographies. For statistic analysis, percentage, average, ANOVA, x2-test, Duncantest, paired t-test, and multiple regression were used by SAS package. The results of this study were as follows. 1) Consumers were classified into affective brand loyalty group, familiar brand loyalty group, habitual brand loyalty group, brand interest but no brand loyalty group, and no brand loyalty group. 2) There were notable differences in clothes purchasing behavior variable through market segments' purchasing (requency, price. 3) The most Prefered jean Product is 80,000 won, domestic well-known brand, baggy style and preferable jean product shows different when it classified brand loyalty.d loyalty.

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Stock Market Reaction on Olympic Sponsorship Announcement Using Event-study Method

  • Spais, George S.;Filis, George N.
    • Journal of Global Scholars of Marketing Science
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    • v.16 no.2
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    • pp.95-108
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    • 2006
  • The major objective of this study is to test if an Olympic Games sponsorship program can influence investors' behavior: stock returns, stock volatility and transaction volumes. The paper deals with stock market reaction on Olympic sponsorship announcement for service organizations using event study method. Our research intention is to test 440 daily stock prices and transaction volumes, in order investigate the potent influence between the announcement of a grand sport sponsorship program and investors' behavior. For this study we examined the announcement data of three grand sponsors of Olympic Games of Athens 2004 (Alpha Bank. Delta and G.T.O) The main contribution of this study is to examine how stock investors' behavior is influenced by the sponsorship program of companies and to extend research scope of marketing field toward stock market. They authors suggest that organizations interested in influencing investors' behavior should invest in sponsorship activities at the sports' sector.

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Order restricted inference for testing the investors' attention effect on stock returns (주식 수익률에 미치는 투자자들의 관심효과를 검정하기 위한 순서제약추론)

  • Kim, Youngrae;Lim, Johan;Lee, Sungim;Choi, Sujung
    • The Korean Journal of Applied Statistics
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    • v.31 no.3
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    • pp.409-416
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    • 2018
  • Significant research has been conducted in the financial sector on the behavior of investors in the stock market. In this paper, we directly measure the degree of interest using the ranking of the frequency mentioned in the stock message board operated by Daum Communications Corp. and test the fact that the higher ranking of the frequency results in the higher stock returns in order to investigate the attention effect on the stock returns in the Korean stock market. We also propose and apply the likelihood ratio test procedure for order restricted hypotheses in order to test the attention effect. The test results shows that the higher rank in the frequency mentioned in the message board is related to stock returns (p-value < $10^{-6}$). Therefore, we conclude that an investors' attention effects exist in the Korean stock market.

Long Memory Characteristics in the Korean Stock Market Volatility

  • Cho, Sinsup;Choe, Hyuk;Park, Joon Y
    • Communications for Statistical Applications and Methods
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    • v.9 no.3
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    • pp.577-594
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    • 2002
  • For the estimation and test of long memory feature in volatilities of stock indices and individual companies semiparametric approach, Geweke and Porter-Hudak (1983), is employed. Empirical study supports the strong evidence of volatility persistence in Korean stock market. Most of indices and individual companies have the feature of long term dependence of volatility. Hence the short memory models are unable to explain the volatilities in Korean stock market.

Analyzing Price Interactions between Wild Caught Fish and Farmed Fish on the Korean Seafood Market (자연산 어류와 양식산 어류 간의 가격 경합성 분석)

  • KIM, Do-Hoon;KIM, Hye-Seong
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.6
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    • pp.1610-1618
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    • 2015
  • This study is aimed to estimate price interactions between wild caught fish and farmed fish on the Korean seafood market, using multivariate cointegration analysis. Major commercially important four wild caught fish (chub mackerel, hairtail, yellow croaker and spanish mackerel) and two farmed fish(oliver flounder and black rockfish) are selected as analytical target fish species. Between 2000 and 2013, monthly production and price data are used in this study. The results of cointegration test showed that there would be a long-term equilibrium relationship among 4 wild caught fish and 2 farmed fish. However, the results of exclusion test indicated that farmed fish might not contribute significantly to the long-run relationship, suggesting that farmed fish might be only a weak substitute for wild caught fish, but no significant interaction could be found.

Standard Conformance Test System for e-Business Solutions Supporting ebXML (ebXML 지원 솔루션의 표준적합성 테스트 시스템 구축)

  • Kim, Dong-Soo;Yun, Jung-Hee
    • Journal of Information Technology Services
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    • v.2 no.1
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    • pp.85-97
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    • 2003
  • This research has designed and implemented the standard conformance test system for e-Business solutions that supports the ebXML, which is currently being focused on as the leading electronic commerce framework. The adoption of standards such as ebXML is probably the best way to achieve interoperability among electronic commerce systems, and more and more e-Business solutions around the world are supporting ebXML. This research primarily discusses the concept and needs for the standard conformance tests on e-Business solutions. The standard conformance test system is developed based on the detailed specifications of the ebXML framework. This system was used to test commercial e-Business solutions supporting ebXML. The system implemented in this research will provide a significant basis for the standard conformance certification of e-Business solutions, and could also provide clear decision criteria for e-Business solutions currently in market, thus activate the overall e-Business market.

Characteristics Analysis of Traffic Flow in BRT section according to Market Penetration Rates of Autonomous Vehicles (자율주행자동차 혼입률에 따른 BRT 구간 교통류 특성 분석)

  • Do, Myungsik;Chae, Un Hyeok
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.44 no.4
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    • pp.531-544
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    • 2024
  • The purpose of this study is to analyze traffic flow characteristics according to the market penetration rate (MPR) of autonomous vehicles (AV) on road sections where bus rapid transit (BRT) is actually operating. Furthermore, the maximum traffic volume was set through estimation of future traffic demand, and traffic flow characteristics were analyzed through traffic simulation for each scenario considering of a combination of BRT introduction and AV's MPR. To test statistical significance, Kruskal-Willis test and Jonckheere-Terpstra test were used to examine the impact of the market penetration rate of Autonomous vehicles on travel time and delay time etc. At the same time, the existence of the order relationship among travel time data according to the market penetration rate of autonomous vehicle was examined. As a result of the analysis, it was founded that the travel time significantly decreased as the MPR of AV increases in both intermittent flow and continuous flow environments. In particular, in the case of continuous flow, the law of increasing returns was satisfied in the effect of increasing travel speed and reducing travel time as the MPR of AV increases. The results of this study are expected to be used as a basic information for design plans for road reconstruction and space utilization after the commercialization of AV in the future.

Competition between Online Stock Message Boards in Predictive Power: Focused on Multiple Online Stock Message Boards

  • Kim, Hyun Mo;Park, Jae Hong
    • Asia pacific journal of information systems
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    • v.26 no.4
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    • pp.526-541
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    • 2016
  • This research aims to examine the predictive power of multiple online stock message boards, namely, NAVER Finance and PAXNET, which are the most popular stock message boards in South Korea, in stock market activities. If predictive power exists, we then compare the predictive power of multiple online stock message boards. To accomplish the research purpose, we constructed a panel data set with close price, volatility, Spell out acronyms at first mention.PER, and number of posts in 40 companies in three months, and conducted a panel vector auto-regression analysis. The analysis results showed that the number of posts could predict stock market activities. In NAVER Finance, previous number of posts positively influenced volatility on the day. In PAXNET, previous number of posts positively influenced close price, volatility, and PER on the day. Second, we confirmed a difference in the prediction power for stock market activities between multiple online stock message boards. This research is limited by the fact that it only considered 40 companies and three stock market activities. Nevertheless, we found correlation between online stock message board and stock market activities and provided practical implications. We suggest that investors need to focus on specific online message boards to find interesting stock market activities.

Relationship between the Management Accounting Information Usage, Market Orientation and Performance: Evidence from Vietnamese Tourism Firms

  • DO, Trang Huyen;LE, Huyen Mong;LUONG, Diem Thuy Thi;TRAN, Quanh Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.707-716
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    • 2020
  • The study investigates the relationship between broad-scope management accounting information usage, market orientation, and the firm performance. This study employs a survey data of 149 top-level and mid-level managers working in Vietnamese tourism enterprises. To analyze research data, we employ SmartPLS 3 software. The analytical process include measurement model evaluation (evaluate the scale's validity and reliability) and structural model evaluation (test research hypotheses). The results reveal that broad-scope management accounting information usage has a positive direct effect on market orientation dimensions (include information generation, information dissemination, and responsiveness). Then, market orientation dimensions also have positive direct effects on the performance of Vietnamese tourism firms, excluding information dissemination. Moreover, this study also reveals that the market orientation dimensions mediate the relationship between broad-scope management accounting information usage and firm performance. The findings of this study suggest that tourism firms should pay more attention to the use of management accounting information in decision-making. With the increasingly fierce competition of the tourism firms today, capturing and meeting the needs of the market is a prerequisite to help firms enhance their competitiveness and improve their performance. To do that, Vietnamese tourism firms need to consider pursuing market orientation and enhancing broad-scope management accounting information usage.

Behavioral Investor Types and Financial Market Players in Oman

  • SHA, Nadia;ISMAIL, Mohammed Yousoof
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.285-294
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    • 2021
  • The most basic forces of stock market are supply and demand, which increases or decreases on the basis of information. The crucial point is that investor's perception is depending on the availability of information at a particular time. But it is very difficult to understand what they take from a piece of information, and the decision varies from person to person; hence, it is important to understand the behavior of investors in the stock market. In this context, this study is focusing on behavioral investor-type diagnosis testing among financial market players (FMPs) in Oman. The study conducted a review of behavioral types among stock market investors, and attempted to assess the influence of age and gender factors on investor bias. It classifies investor type biases according to the gender and age of respondents. This study employs primary data with a structured questionnaire distributed to an equal number of male and female stock market investors in Muscat Securities Market. The study used sample t-test, one-way ANOVA, CATPCA and ALSCAL to identify the significant difference among age, gender and experience of the respondents. The present study found that all of the investors are influenced by different cognitive biases and, moreover, it depends on investor's gender.