• 제목/요약/키워드: Panel Data Regression Model

검색결과 320건 처리시간 0.031초

Sea-Level Trend at the Korean Coast

  • Cho, Kwangwoo
    • 한국환경과학회지
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    • 제11권11호
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    • pp.1141-1147
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    • 2002
  • Based on the tide gauge data from the Permanent Service for Meau Sea Level (PSMSL) collected at 23 locations in the Korean coast, the long-term sea-level trend was computed using a simple linear regression fit over the recorded length of the monthly mean sea-level data. The computed sea-level trend was also corrected for the vertical land movement due to post glacial rebound(PGR) using the ICE-4G(VM2) model output. It was found that the PGR-corrected sea-level trend near Korea was 2.310 $\pm$ 2.220 mm/yr, which is higher than the global average at 1.0∼2.0mm/yr, as assessed by the Intergovernmental Panel on Climate Change(IPCC). The regional distribution of the long-term sea-level trend near Korea revealed that the South Sea had the largest sea-level rise followed by the West Sea and East Sea, respectively, supporting the results of the previous study by Seo et al. However, due to the relatively short record period and large spatial variability, the sea-level trend from the tide gauge data for the Korean coast could be biased with a steric sea-level rise by the global warming during the 20th century.

The Role of Overconfident CEO to Dividend Policy in Industrial Enterprises

  • HOANG, Lam Xuan;DANG, Duong Quy;TRAN, Thuan Duc
    • The Journal of Asian Finance, Economics and Business
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    • 제7권7호
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    • pp.361-367
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    • 2020
  • Researching the influence and role of CEO overconfidence to dividend policy is important for stock market investors. Therefore, this study was conducted to find out the relationship between CEO overconfidence and dividend policy in industrial enterprises in Vietnam. Data collected from 222 industry enterprises listed on the Vietnam Stock Exchange from 2012 to 2018. Data is collected on financial statements of listed companies. GLS model with panel data is used to analyze regression results. The results show that CEO overconfidence has dividend yield higher than CEO non-overconfidence. At the same time, the dividend payout ratio of enterprises has no difference between CEO overconfidence and CEO non-overconfidence. The results also showed that revenue growth has a positive impact on dividend yield in small enterprises, but negative impact on dividend payout in large enterprises. Research results by firm size have similar results with the general analysis for all enterprises. At the same time, the analysis of ownership type shows that CEO overconfidence has a positive impact on dividend yield of non-state enterprises without affecting other types of enterprises. From these results, the authors also made a number of recommendations to help investors choose businesses to invest in accordance with their strategies.

중년후기 성인의 건강상태, 노화불안, 사회관계망, 생성감 및 행복 (The health status, aging anxiety, social networking, generativity, and happiness of late middle-aged adults)

  • 장혜경
    • 한국간호교육학회지
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    • 제27권4호
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    • pp.392-401
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    • 2021
  • Purpose: This study was conducted to identify the relationship of health status, aging anxiety, social networking, generativity, and happiness and to investigate the main factors influencing happiness of late middle-aged adults. Methods: The study collected data from a total of 153 middle-aged men and women aged 50 to 64 years old from a consumer panel of Macromill-Embrain, the biggest online survey provider in Korea. The data were analyzed using descriptive statistics, Pearson's correlation coefficient and a stepwise multiple regression using the SPSS 22.0 program. Results: The subjects' happiness mean score was 16.17±9.29. Statistically significant differences in happiness were found according to education (F=4.38, p=.014), economic status (t=5.13, p<.001), and religion (t=2.18, p=.031). Happiness was correlated significantly with health status (r=.41, p<.001), aging anxiety (r=-.62, p<.001), family support (r=.43, p<.001), friend support (r=.36, p<.001) and generativity (r=.63, p<.001). The factors influencing happiness of late middle-aged adults were generativity (𝛽=.37, p<.001), aging anxiety (𝛽=-.35, p<.001), family support (𝛽=.20, p<.001), and economic status (𝛽=.13, p=.033). The explanatory power of the model was 58.0%. Conclusion: This study will be used as basic data when developing a nursing intervention program for successful aging by identifying factors that affect the happiness of late middle-aged adults.

기업 인적자원 관련 변수를 이용한 기업 신용점수 모형 구축에 관한 연구 (A Study for Building Credit Scoring Model using Enterprise Human Resource Factors)

  • 이영섭;박주완
    • 응용통계연구
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    • 제20권3호
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    • pp.423-440
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    • 2007
  • 본 논문의 목적은 기업 신용점수에 영향을 미치는 기업 인적자원 요소들을 찾아서 기업 신용점수 모형을 구축하는 것이다. 모형 구축을 위해 사용된 자료는 2005년 한국직업능력개발원의 인적자본 기업패널 (Human Capital Corporate Panel, HCCP) 설문조사 자료와 한국신용평가(주)의 KIS-신용평점모델에서 생성된 기업 신용점수이다. 모형 구축을 위한 독립변수는 McLagan (1989)의 '인적자원 바퀴모델'을 토대로 인적자본 기업패널 설문조사 문항을 선택하여 사용하였으며, 종속변수로는 기업 신용평가점수를 사용하였다. 또한 기업 인적자원 관련 변수를 이용한 기업 신용점수 모형 구축을 위해 로지스틱 회귀모형을 사용하였다. 모형 구축 결과 최종적으로 선택된 변수는 22개였다 영역별로 세분화해서 살펴보면 대분류 기준으로 HRD 영역은 6개, HRM 영역은 15개, 기타 1개이고, 중분류 기준으로 개인개발 2개, 경력개발 2개, 조직개발 2개, 조직직무설계 1개, 인적자원계획 4개, 정보체계 2개, 보상 및 장려 6개, 복지후생 1개, 노사관계 1개, 기업규모 1개가 선택되었다. 구축된 모형을 평가하기 위하여 10등급 교차타당성 분석을 통한 오분류율, G-mean은 각각 30.81, 68.27이었다. 그리고 반응율은 가장 좋은 십분위가 가장 나쁜 십분위보다 약 6.08배가 크고 점차 감소하는 경향을 보이고 있다. 그러므로 구축된 모형은 기업 인적자원 관련 변수를 이용해 기업 신용점수를 측정하는데 적당한 모형이라는 결론을 내릴 수 있다

SVM과 meta-learning algorithm을 이용한 고지혈증 유병 예측모형 개발과 활용 (Development and application of prediction model of hyperlipidemia using SVM and meta-learning algorithm)

  • 이슬기;신택수
    • 지능정보연구
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    • 제24권2호
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    • pp.111-124
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    • 2018
  • 본 연구는 만성질환 중의 하나인 고지혈증 유병을 예측하는 분류모형을 개발하고자 한다. 이를 위해 SVM과 meta-learning 알고리즘을 이용하여 성과를 비교하였다. 또한 각 알고리즘에서 성과를 향상시키기 위해 변수선정 방법을 통해 유의한 변수만을 선정하여 투입하여 분석하였고 이 결과 역시 각각 성과를 비교하였다. 본 연구목적을 달성하기 위해 한국의료패널 2012년 자료를 이용하였고, 변수 선정을 위해 세 가지 방법을 사용하였다. 먼저 단계적 회귀분석(stepwise regression)을 실시하였다. 둘째, 의사결정나무(decision tree) 알고리즘을 사용하였다. 마지막으로 유전자 알고리즘을 사용하여 변수를 선정하였다. 한편, 이렇게 선정된 변수를 기준으로 SVM, meta-learning 알고리즘 등을 이용하여 고지혈증 환자분류 예측모형을 비교하였고, TP rate, precision 등을 사용하여 분류 성과를 비교분석하였다. 이에 대한 분석결과는 다음과 같다. 첫째, 모든 변수를 투입하여 분류한 결과 SVM의 정확도는 88.4%, 인공신경망의 정확도는 86.7%로 SVM의 정확도가 좀 더 높았다. 둘째, stepwise를 통해 선정된 변수만을 투입하여 분류한 결과 전체 변수를 투입하였을 때보다 각각 정확도가 약간 높았다. 셋째, 의사결정나무에 의해 선정된 변수 3개만을 투입하였을 때 인공신경망의 정확도가 SVM보다 높았다. 유전자 알고리즘을 통해 선정된 변수를 투입하여 분류한 결과 SVM은 88.5%, 인공신경망은 87.9%의 분류 정확도를 보여 주었다. 마지막으로, 본 연구에서 제안하는 meta-learning 알고리즘인 스태킹(stacking)을 적용한 결과로서, SVM과 MLP의 예측결과를 메타 분류기인 SVM의 입력변수로 사용하여 예측한 결과, 고지혈증 분류 정확도가 meta-learning 알고리즘 중에서는 가장 높은 것으로 나타났다.

연구개발단계별 연구개발투자와 논문 성과 간의 시차효과 분석: 국가연구개발사업을 중심으로 (An Analysis of Distributed Lag Effects of Expenditure by Type of R&D on Scientific Production: Focusing on the National Research Development Program)

  • 박철민;구본철
    • 기술혁신학회지
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    • 제19권4호
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    • pp.687-710
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    • 2016
  • 본 연구의 목적은 국가연구개발사업을 대상으로 각 연구단계별 연구개발 지출과 논문 성과 간의 시차구조를 분석하는 것이다. 이에 본 연구는 6T(IT, BT, NT, ST, ET, CT) 기술로 범주화 된 104개 기술의 횡단면 자료와 2007년부터 2014년까지의 시계열로 구성된 패널자료를 분석 자료로서 활용하였으며, 일반적인 시차분포모형을 통해 회귀분석을 실시할 경우 다중공선성이 내포된 분석결과가 도출될 가능성이 크기 때문에 다항시차분포모형을 통해 시차효과를 분석하였다. 그 결과 기초연구의 경우 4년 간 비교적 고른 분포를 보이는 것으로 나타났고, 응용연구와 개발연구의 경우 각각 3년, 2년간 투자효과가 유효한 것으로 확인되었다. 이러한 결과로 보건대, 국가연구개발사업의 논문 성과를 진단함에 있어 각 연구개발단계별 시차적 특성을 감안한 분석 및 평가가 신중하게 고려될 필요가 있을 것이다.

The Moderating Effect of Internal Control on Performance of Cross-Border M&A under the Uncertainty of Economic Policy: Evidence from China

  • Huang, Xiao-Lin;Chen, Guan-Ting;Lee, Eun-Hye
    • Journal of Korea Trade
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    • 제23권7호
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    • pp.128-146
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    • 2019
  • Purpose - The purpose of this paper is to investigate the relationship between internal control, economic policy uncertainty, and performance of cross-border merger and acquisition (M&A) based on the panel data of Chinese listed firms. The authors expected that internal control has a positive moderating effect on the performance of cross-border M&A and that it mainly occurs during periods when economic policies are relatively stable. In addition, the authors tried to find out the mechanism of internal control affecting cross-border M&A and the corporate performance. Design/methodology - The authors tested the hypotheses by a multivariate regression model based on the panel data of Chinese listed firms from 2009 to 2017. The dependent variable is the change value of business performance (DROA_1,2,3) and the explanatory variables are cross-border M&A (MA), China's uncertainty of economic policy (EPU), and internal control level (IC) respectively. Findings - The authors find that internal control has a positive moderating effect on the relationship between cross-border M&A and corporate performance. Further, the authors find that the moderating effect is more significant in state-owned enterprises and that it mainly occurs during periods when economic policies are relatively stable. Originality/value - This paper is the leading study that tries to analyze empirically the relationship between internal control, economic policy uncertainty, and performance of cross-border M&A. It provides a new avenue through which internal control might reasonably mitigate the risks of cross-border M&A and correspondingly improve the performance of cross-border M&A. It also confirms the moderating effect of internal control on the performance of cross-border M&A under the uncertainty of economic policy.

Future water quality analysis of the Anseongcheon River basin, Korea under climate change

  • Kim, Deokwhan;Kim, Jungwook;Joo, Hongjun;Han, Daegun;Kim, Hung Soo
    • Membrane and Water Treatment
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    • 제10권1호
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    • pp.1-11
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    • 2019
  • The Intergovernmental Panel on Climate Change (IPCC) Fifth Assessment Report (AR5) predicted that recent extreme hydrological events would affect water quality and aggravate various forms of water pollution. To analyze changes in water quality due to future climate change, input data (precipitation, average temperature, relative humidity, average wind speed and sunlight) were established using the Representative Concentration Pathways (RCP) 8.5 climate change scenario suggested by the AR5 and calculated the future runoff for each target period (Reference:1989-2015; I: 2016-2040; II: 2041-2070; and III: 2071-2099) using the semi-distributed land use-based runoff processes (SLURP) model. Meteorological factors that affect water quality (precipitation, temperature and runoff) were inputted into the multiple linear regression analysis (MLRA) and artificial neural network (ANN) models to analyze water quality data, dissolved oxygen (DO), biological oxygen demand (BOD), chemical oxygen demand (COD), suspended solids (SS), total nitrogen (T-N) and total phosphorus (T-P). Future water quality prediction of the Anseongcheon River basin shows that DO at Gongdo station in the river will drop by 35% in autumn by the end of the $21^{st}$ century and that BOD, COD and SS will increase by 36%, 20% and 42%, respectively. Analysis revealed that the oxygen demand at Dongyeongyo station will decrease by 17% in summer and BOD, COD and SS will increase by 30%, 12% and 17%, respectively. This study suggests that there is a need to continuously monitor the water quality of the Anseongcheon River basin for long-term management. A more reliable prediction of future water quality will be achieved if various social scenarios and climate data are taken into consideration.

콘크리트 포장상태 평가지수의 개발에 관한 연구 (A Study on Development of the Concrete Pavement Condition Index)

  • 권수안;김남호;서영찬
    • 한국도로학회논문집
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    • 제2권3호
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    • pp.145-153
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    • 2000
  • 포장의 합리적 유지관리를 위해서는 기본적으로 포장의 상태를 객관적으로 평가하고, 평가한 자료를 이용하여 경제성 분석을 실시함으로써 최적의 보수공법 및 보수우선순위를 결정해야 한다. 전체적인 포장 상태를 객관적으로 평가하기 위해서는 포장상태 평가지수와 같은 단일화된 평가 기준이 필요하다. 본 연구에서는 우리나라 고속도로 콘크리트 포장에 적합한 포장상태 평가지수를 개발하기 위하여 현장 상세조사 및 포장평가위원회의 평가를 실시하고, 그 결과의 회귀분석을 통해 포장평가지수를 개발하였다. 또한 개발된 포장평가지수를 이용하여 포장유지관리에서 이용되기 위한 보수공법그룹을 제시하였다. 개발된 포장평가지수의 상관계수는 0.68이었으며, 콘크리트 포장평가지수에 사용된 독립변수들은 종단평탄성, 균열, 패칭 등이었다.

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Tax Avoidance and Corporate Risk: Evidence from a Market Facing Economic Sanction Country

  • SALEHI, Mahdi;KHAZAEI, Sharbanoo;TARIGHI, Hossein
    • The Journal of Asian Finance, Economics and Business
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    • 제6권4호
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    • pp.45-52
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    • 2019
  • The current study aims to investigate the relationship between tax avoidance and firm risk in an emerging market called Iran. The study population consists of 400 observations and 80 companies listed on the Tehran Stock Exchange (TSE) over a five-year period during 2012 and 2016. The statistical model used in this study is a multivariate regression model; besides, the statistical technique used to test the hypotheses proposed in this research is panel data. The results showed that low effective tax rate (tax avoidance) is more consistent than the higher effective tax rate. Moreover, there is no significant relationship between tax avoidance and future tax rate volatility. The findings also proved that lower effective tax rates are positively associated with future stock price volatility. This implies that since Iranian firms have many financial problems because of economic sanctions, they have a tendency to delay the disclosure of bad news about their firms. Needless to say, when a huge number of negative news reaches its peak, they immediately will enter the market and lead to a remarkable fluctuation in stock prices.