• 한국콘텐츠학회논문지
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• 제15권11호
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• pp.397-409
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• 2015

글로벌 금융위기 이후 은행에 대한 감독강화 및 국제회계기준(IFRS) 도입은 우리나라의 부실채권(NPL) 시장을 급격히 팽창시키는 계기가 되었다. 은행의 BIS 비율이 하락할 경우 신인도가 낮아져 고객이 이탈하고, 은행퇴출 위험까지 직면하게 되므로 은행들의 자산건전성 향상 노력은 앞으로도 지속될 것으로 예상되며, 이에 따라 부동산 경매시장에서는 NPL 매각수단으로서의 일반담보 부동산의 경매에 대한 투자자들의 관심이 크게 증가하고 있다. 그러나 NPL채권 거래시장과 NPL을 회수하기 위한 일반담보부 부동산 경매시장의 양적 팽창에도 불구하고 이들 시장이 공정하고 건전한 투자시장으로서 제대로 기능을 발휘하기 위해서는 다음과 같은 몇 가지 문제점에 대한 개선이 이루어져야 한다. 첫째, 일반투자자들도 NPL 시장에 자유롭게 참여할 수 있도록 NPL 유통시장의 진입장벽이 제거되어야 하며, 부동산 경매시장으로 이어지는 담보처분 방식의 NPL정리가 확대되어야 한다. 둘째, 투명한 NPL 거래로 담보부동산 경매의 공정성을 확보해야 한다. 셋째, 담보부동산 경매에서 NPL 매수인의 상계권 남용을 제한해야 한다. 이처럼 NPL 유통시장의 공개경쟁과 투명성을 확보하고, NPL 담보부동산 경매에 의한 부실채권 정리확대 및 공정한 입찰기회 제공 등 제도개선이 이루어지는 경우 경매참여자보호는 물론 부동산 경매시장의 활성화 및 이를 통한 은행의 자산건전성 향상에도 기여할 수 있을 것으로 기대된다.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.709-716
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• 2021

The main objective of this research is to find out the effect of Non-Performing Loan (NPL) of Nepalese conventional banks. The population of this study is major commercial banks in Nepal and the data obtained for this study was from the period 2015-2019. This research used secondary data and it is collected from each bank's annual report and GDP and Inflation taken from the World Bank database. The method used for data analysis in this study is multiple regression analysis. The study used NPL as a dependent variable and Return on Asset (ROA), Capital Adequacy Ratio (CAR), Bank Size, GDP growth, and Inflation as independent/explanatory variables. The result of this research shows that ROA, Bank Size, GDP, and Inflation have a significant effect on NPL but CAR does not have a significant effect on the NPL of banks. In other words, the GDP effect on NPL in this study shows a positive and significant effect while most studies show a negative effect. It demonstrates that when GDP growth increases, there is a significant increase in the growth of Nepalese banks even though there were no significant changes in income growth. Therefore, GDP growth has a positive and significant effect on the NPL of commercial banks. Thus, the bankers and policymakers need to consider GDP growth carefully while taking NPL-related decisions.

• 지능정보연구
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• 제25권2호
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• pp.123-139
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• 2019

국내 NPL (Non performing loan) 시장은 1998년에 형성되었지만, 본격적으로 활성화 된 시기는 2009년으로 역사가 짧은 시장이다. 이로 인해 NPL 시장에 대한 연구도 아직까지는 활발히 진행되지 않고 있는 상황이다. 본 연구는 NPL 시장의 각 물건 별 기준 수익률 달성 유무를 예측할 수 있는 모델을 제안한다. 모델 구축에 사용되는 종속변수는 물건 별 최종 수익률이 기준 수익률 수치 도달 여부를 나타내는 이항변수를 사용하였고, 독립변수로는 물건의 특성을 나타내는 11개의 변수를 대상으로 one to one t-test와 logistic regression stepwise, decision tree를 수행하여 의미있는 7개의 독립변수를 선별하였다. 그리고 통상적으로 사용되는 기준 수익률 수치(12%)가 의미있는 기준 수치인지 확인하기 위해 수치 값을 조절해가며 종속변수를 산출하여 예측모델을 구축해보았다. 그 결과 12%의 기준 수익률 수치로 산출한 종속변수를 이용하여 구축한 예측모델의 평균 Hit ratio가 64.60%로 가장 우수하다는 결과를 얻었다. 다음으로 선별된 7개의 독립변수들과 12%를 기준으로한 수익률 달성유무 종속변수를 이용하여 판별분석, 로지스틱 회귀분석, 의사결정나무, 인공신경망, 유전자알고리즘 선형 모델의 5가지 방법론을 적용해 예측모델을 구축해보았다. 5가지 방법론으로 도출한 예측 모델 간 Hit ratio를 비교한 결과 인공신경망을 이용하여 구축한 예측모델의 Hit ratio가 67.4%로 가장 우수한 결과를 도출해내었다. 본 연구를 통해 추후 NPL시장 신규 물건 매매에 있어서 7가지의 독립변수들과 인공신경망 예측 모델을 활용하는 것이 효과적임을 증명하였다. 물건의 12% 수익률 달성 여부를 사전에 예측해봄으로써 유동화회사가 투자 의사결정을 하는 데에 도움을 줄 것으로 예상하며, 나아가 NPL 시장의 거래가 적정한 가격 선에서 진행됨으로 인해 유동성이 더욱 높아질 것이라 기대한다.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.591-599
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• 2020

This study examines how the health of the banks in ASEAN-3 countries namely Indonesia, Malaysia and Thailand respond to the change in exchange rates and foreign interest rates in four large economies. The transmissions of the two external factors through domestic factors in each ASEAN-3 countries eventually affects Non-Performing Loan (NPL) of commercial banks. This study uses the monthly time series data and the renowned Structural Vector Autoregressive (VAR) model comprising five variables, namely exchange rate, foreign interest rate, domestic interest rate, money supply, and non-performing loan (NPL). The results indicate that there are different effects between ASEAN-3 countries, which can be classified as short-run effect and long-run effect. In the long run effect, external factors have a dominant role in determining NPL in ASEAN-3 countries. Yuan has the biggest effect on Malaysia's NPL, while Indonesia is more affected by European interest rates rather than the fluctuation of the US currency and China's interest rates. Among ASEAN-3 countries, Malaysia is the one that is the most vulnerable to external factors. While Thailand's NPL is affected dominantly by domestic factors. This study shows that the Fed Funds Rate (US official interest rate) is not always the dominant factor affecting the health of domestic banks in ASEAN-3.

• Bulletin of the Korean Chemical Society
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• 제22권12호
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• pp.1341-1344
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• 2001

Comparison of sulfur dioxide primary standard gases of the Korea Research Institute of Standards and Science (KRISS, Korea) and the National Physical Laboratory (NPL, UK) was performed. 100 ${\times}$10-6 mol/mol and 1,000 ${\times}$10-6 mol /mol primary standard gases (designated NPL S115 and S114, respectively) prepared gravimetrically and validated in NPL were used as transfer standards. Transfer standards were analyzed by NDIR sulfur dioxide analyzer and compared with KRISS PSM 112-03-624 and PSM 112-03-625 prepared gravimetrically. Adsorption corrected relative deviations of the primary standard gases were agreed to within 0.1%, and this agreement is within the expanded uncertainties (k = 2) of the primary standards at the two laboratories.

• Current Applied Physics
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• 제18권12호
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• pp.1540-1545
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• 2018

SiGe alloy is widely used thermoelectric materials for high temperature thermoelectric generator applications. However, its high thermoelectric performance has been thus far realized only in alloys synthesized employing mechanical alloying techniques, which are time-consuming and employ several materials processing steps. In the current study, for the first time, we report an enhanced thermoelectric figure-of-merit (ZT) ~ 1.1 at $900^{\circ}C$ in ntype $Si_{80}Ge_{20}$ nano-alloys, synthesized using a facile and up-scalable methodology consisting of rapid solidification at high optimized cooling rate ${\sim}3.4{\times}10^7K/s$, employing melt spinning followed by spark plasma sintering of the resulting nano-crystalline melt-spun ribbons. This enhancement in ZT > 20% over its bulk counterpart, owes its origin to the nano-crystalline microstructure formed at high cooling rates, which results in crystallite size ~7 nm leading to high density of grain boundaries, which scatter heat-carrying phonons. This abundant scattering resulted in a very low thermal conductivity ${\sim}2.1Wm^{-1}K^{-1}$, which corresponds to ~50% reduction over its bulk counterpart and is amongst the lowest reported thus far in n-type SiGe alloys. The synthesized samples were characterized using X-ray diffraction, scanning electron microscopy and transmission electron microscopy, based on which the enhancement in their thermoelectric performance has been discussed.

• Animal Bioscience
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• 제37권8호
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• pp.1333-1344
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• 2024

Objective: Litter size and piglet loss at birth significantly impact piglet production and are closely associated with sow parity. Understanding how these traits vary across different parities is crucial for effective herd management. This study investigates the patterns of the number of born alive piglets (NBA), number of piglet losses (NPL), and the proportion of piglet losses (PPL) at birth in Landrace sows under tropical conditions. Additionally, it aims to identify the most suitable model for describing these patterns. Methods: A dataset comprising 2,322 consecutive reproductive records from 258 Landrace sows, spanning parities from 1 to 9, was analyzed. Modeling approaches including 2nd and 3rd degree polynomial models, the Wood gamma function, and a longitudinal model were applied at the individual level to predict NBA, NPL, and PPL. The choice of the best-fitting model was determined based on the lowest mean and standard deviation of the difference between predicted and actual values, Akaike information criterion (AIC), and Bayesian information criterion (BIC). Results: Sow parity significantly influenced NBA, NPL, and PPL (p<0.0001). NBA increased until the 4th parity and then declined. In contrast, NPL and PPL decreased until the 2nd parity and then steadily increased until the 8th parity. The 2nd and 3rd degree polynomials, and longitudinal models showed no significant differences in predicting NBA, NPL, and PPL (p>0.05). The 3rd degree polynomial model had the lowest prediction standard deviation and yielded the smallest AIC and BIC. Conclusion: The 3rd degree polynomial model offers the most suitable description of NBA, NPL, and PPL patterns. It holds promise for applications in genetic evaluations to enhance litter size and reduce piglet loss at birth in sows. These findings highlight the importance of accounting for sow parity effects in swine breeding programs, particularly in tropical conditions, to optimize piglet production and sow performance.

• 한국정밀공학회지
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• 제25권4호
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• pp.61-68
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• 2008

Of the seven base units of the international system of units, only the kilogram is still defined in terms of a material artifact. One of the experimental approaches opening the way to a new definition of the kilogram is the watt balance To improve the performance of the NPL watt balance, we need to quantify and reduce hysteresis effects in the balance knives. In this paper, we discuss the mechanical characteristics of the knife edges used in the NPL watt balance. The hysteresis mechanism is analyzed using the finite element method. It is found that the cause of hysteresis is not normal stress but shear, and the deformation of the flat, rather than the knife, is an important factor in the hysteresis mechanism. The study presented here, using finite element analysis, suggests that parameters such as material property, tip radius and knife straightness can be more important than others, such as friction coefficient, tip angle, etc.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.95-105
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• 2021

A prerequisite of a sound financial system is effective channeling of financial resources to efficient users; hence maximizing economic and societal welfare. To that end, the prevalence of bad loans in banks in emerging economies is a major policy concern. In an attempt to add to the growing body of literature explaining the interrelationship between macroeconomic and firm-specific factors, and non-performing loans (NPL), this paper examines data from 24 scheduled commercial banks in Bangladesh from 2008 to 2019. Macroeconomic factors as well as firm-specific factors related to profitability, capital strength, and efficiency are considered. Panel data regression analysis is performed to estimate pooled OLS, fixed effects, and random effects models. Following the necessary testing, it was found that the fixed effects model with robust standard error is appropriate. Results show that return on assets and inflation have a negative influence on NPL, but GDP growth has a favorable impact. The paper concludes by asserting that the evidence supports similar findings from studies both in Bangladesh and elsewhere and it is noted that a combination of these macroeconomic and firm-specific factors explains only a small portion of the total variation in NPL.

• The Journal of Asian Finance, Economics and Business
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• 제9권8호
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• pp.145-155
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• 2022

Since 2014, the IFRS 9 has been the focus of the attention of many scholars across disciplines. The futuristic prediction of bank loan provision via a flexible ECL model has been observed as a game changer from the prior models offered in IAS 39. This study has two objectives; the first is to examine the impact on loan loss provisions (LLP), nonperforming loans (NPL), and the impairment loan losses (ILL) after the IFRS 9 in gulf banks. The second is to capture any variation in LLP, NPL, and ILL before and after IFRS9. The study used the two-way fixed effect model (TWFE) estimation and the DiD approach to attain its objectives. 54 gulf banks were selected from the periods between 2012 and 2020. The results indicate that LLP has significantly increased after the transition to IFRS 9, while the NPL has significantly decreased. The results did not capture a significant change in ILL after IFRS9 implementation. The results also indicate more consistency in LLP and NPL reporting after implementing the ECL model adopted in IFRS9. The study concluded that ECL model outcomes are in tandem with prior observation worldwide and pointed out some improvement opportunities for the future.