• 재무관리연구
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• 제20권2호
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• pp.41-72
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• 2003

본 연구는 첫째, 우리나라 상장기업들의 소유구조결정요인을 식별하기 위하여 이론적 모형을 설정하고, 상장기업들의 횡단면 자료와 시계열 자료를 결합한 패널자료를 이용하여 이론적 모형을 실증적으로 분석하며, 둘째, 주식시장의 개방이라는 환경 요인이 우리나라에서 소유구조의 결정요인에 영향을 주는가를 확인하고, 주식시장의 개방 전후를 구분하여 기업의 소유구조를 결정하는 요인이 어떻게 변화하였는지를 분석하였다. 분석 결과, 본 연구에서 제시된 모형이 상당한 의미를 가지나, 모형의 설명력은 비교적 낮아 제시된 결정요인들이 대주주1인 지분율의 변동을 $9\sim11%$ 정도 설명하고 있으며, 본 연구에서 제시된 타인자본의존도, 배당, 자산특이성, 수익성, 성장성, 위험, 기관투자가 지분율, 재벌여부 가변수 등의 결정요인들이 통계적으로 의미있는 변수가 되고 있으나 다만 규모 변수만이 표본기간에 따라 통계적 유의성과 회귀계수 부호에 일관성을 보이고 있지 못하다. 또한 본 연구에서 제시된 주식시장의 개방이라는 환경적인 요인이 소유구조를 설명하는 의미 있는 변수가 되고 있으며, 주식시장의 개방을 전후 한 시점으로 나누어 소유구조결정요인의 변화를 분석한 결과 주식시장 개방이라는 환경변수는 소유구조결정요인에 긍정적인 영향을 미치고 있다.

• 한국콘텐츠학회논문지
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• 제17권11호
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• pp.135-142
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• 2017

대부분의 국가는 자국의 산업 경쟁력 향상을 위해 다른 국가와의 통상협력을 점점 강조하고 있다. 대한민국도 국가 간 통상협력 확장에 대응하기 위한 다양한 노력을 하고 있는데, 시간이 경과함에 따라 통상협력의 효과성과 효율성을 제고하기 위한 산업 및 통상 정책에 대한 평가와 재설계가 필요하다. 본 논문에서는 자유무역협정(FTA)과 관련된 산업 및 통상 정책과 기업의 경영활동이 수출에 미치는 효과를 수출기업을 대상으로 분석하였다. 특히 자유무역협정 전과 후에 영향력이 유의성을 비교 분석하였다. 수출기업을 대상으로 설문조사를 실시하고 패널데이터 회귀분석을 이용하였다. FTA에 효과적으로 대응하기 위해서는 수출지원 프로그램과의 연계, 수출 전문 인력 양성, 이중규제 금지 등이 영향력 있는 주요 정책으로 나타났다.

• Journal of the Korean Data and Information Science Society
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• 제26권3호
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• pp.631-638
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• 2015

본 연구는 대학정보공시 자료를 활용하여 2010~2013년까지 4년간의 패널자료를 구성하고 패널분석을 통해서 우리나라 4년제 대학의 등록금 및 장학금이 대학 휴학률에 미치는 영향을 국공립 대학과 사립 대학으로 나누어 파악했다. 전임교원 1인당 학생수, 취업률, 학생 1인당 교육비, 평균 등록금, 1인당 장학금 등을 고려해 3가지 모델로 연구하였다. 이 연구의 결과는 국공립 대학에서 등록금 및 순 등록금 (net tuition)이 낮을수록 대학 휴학률이 낮아지며, 1인당 교외 장학금이 높을수록 대학휴학률이 낮아졌으며, 사립 대학에서는 등록금이 낮을수록 대학 휴학률이 낮아졌으며, 1인당 장학금(교내+교외), 1 인당 교내장학금 및 교외장학금이 높을수록 대학 휴학률이 낮아지는 결과를 보였다.

• The Journal of Asian Finance, Economics and Business
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• 제3권4호
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• pp.25-37
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• 2016

This study aims to investigate the determinants of dividend payout of Oil and Gas industry of Pakistan using secondary data from published annual reports from 2008 to 2014 listed on KSE (Karachi Stock Exchange). Dividend payout can be affected by profitability, firm size, financial leverage, sales growth, investment opportunities, liquidity, business risk, and ownership structure. Panel data technique used due to panel characteristics of available data with ordinary least square regression model to find out the impact of set of explanatory variables on the dividend payout using the Stata. Financial leverage, sales growth and business risks are the most significant variables of the study where financial leverage and business risk have significant negative effect on dividend payout while sales growth has favorable positive impact on dividend payout. Results revealed significant positive link of profitability and firm size with dividend payout whereas government ownership is negatively associated with dividend payout. Investment opportunities, liquidity and managerial ownership showed insignificant relationship with dividend payout. This Suggests that dividend payout policy is dependent on business strategies including both investment and financing decisions. Financial managers should consider these factors while formulating dividend policy of the firm.

• 디지털융복합연구
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• 제17권4호
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• pp.203-210
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• 2019

본 연구는 직업분류에 따른 의료비 지출 영향요인을 분석하였다. 한국의료패널(Korea Health Panel)의 2012년도 데이터를 이용하여 만20세 이상의 성인을 대상으로 결측값을 제외한 총 4,538명을 최종 분석대상으로 하였다. 자료분석은 의료비 지출 영향요인을 분석하기 위하여 로지스틱 회귀분석을 하였다. 연구분석 결과 Model 1은 단순노무 종사자에 비해 농림어업 숙련 종사자, Model 2의 경우 직종의 경우 판매 종사자에 비해 단순노무 종사자에서 의료비 지출 증가에 영향을 주는 것으로 분석되었다. 성별은 남자에 비해 여자, 혼인은 무에 비해 유, 소득계층은 1분위에 비해 4분위, 5분위, 만성질환은 무에 비해 유에서 의료비 지출이 높은 것으로 분석되었다. 따라서, 건강검진 또는 예방활동 활성화를 위한 보건의료정책 및 보건학적 접근에 있어서 직종, 만성질환 등을 반영한 보다 체계화된 접근이 필요하다.

• The Journal of Asian Finance, Economics and Business
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• 제7권6호
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• pp.47-59
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• 2020

This paper intends to explore the relationship between financial inclusion and financial stability under the scope of Asian economies. The linkage will be thoroughly investigated with country-level and bank-level data of 42 countries in three separate years: 2011, 2014, and 2017. In this study, an inclusive financial system is assessed by two dimensions: usage of financial services and access to the financial system. Usage of financial services ranges from account to credit, savings and payment services. Access to financial system measures the financial outreach where individuals can use financial services. Meanwhile, financial stability, which proxied by Bank Z-score is regarded as the dependent variable. We apply fixed effects regression and random effects regression to capture the impacts of financial inclusion upon financial stability. To enhance the robustness of the model, the Feasible Generalized Least Squares (FGLS) regression is therefore adopted as the solution for the random effects regression. The empirical findings exhibit an overall weak positive influence of financial inclusion on financial stability. The research results also provide both financial institutions and governments with insightful information, which helps them to have an appropriate financial development strategy, improve the regulatory framework and consequently enhance financial stability for the whole system.

• The Journal of Asian Finance, Economics and Business
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• 제8권11호
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• pp.79-86
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• 2021

In recent years, firm performance has been a topic that attracts many researchers. It is extremely important to identify the factors that change firm performance. In the current trend of competition and integration, foreign ownership, product market competition is found to reduce agency costs and impact firm performance. The purpose of this research is to investigate the relationship between foreign ownership, product market competition, and firm performance. Our research using a quantile regression model, through panel data of 290 companies listed on the Vietnam stock exchange (include Ho Chi Minh and Hanoi stock exchanges) from 2017 to 2019 that was collected by Thomson - Reuters DataStream has shown that foreign ownership and product market competition have a positive impact on Tobin's Q but are not statistically significant with ROA. Critically, our quantile regression results suppose foreign ownership, product market competition have a significantly larger positive impact in high-performing firms relative to low-performing firms. The results help propose solutions to planners and managers to change foreign ownership and product market competition to increase business performance. Besides, through quantile regression analysis, managers need to pay attention to the impact on foreign ownership, product market competition; there will be a difference between high-performing firms relative to low-performing firms.

• Human Ecology Research
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• 제59권1호
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• pp.113-125
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• 2021

Previous research on the association between marriage and life satisfaction is limited due to the lack of attempts to investigate the time profiles of life satisfaction around marriage. This study addresses unresolved questions about the positive association between marriage and life satisfaction as well as tests if it is moderated by childhood parental divorce. Using 14 waves of the Korean Welfare Panel Study(N=3,890 individuals or 25,338 person-year observations), the author first used an ordinary least squares model with clustered standard errors and found that married people reported higher life satisfaction before marriage, compared to people who remained single during the survey. This result supports a social selection perspective. Next, the author used a fixed effects regression model and found that the transition into marriage was associated with an initial rise and subsequent decline in life satisfaction. Life satisfaction increased after reaching its lowest level in the third year of marriage. Life satisfaction after the transition into marriage was significantly higher than that observed three or more years prior to marriage. The result supports a social causation perspective. Such changing patterns were not moderated by parental divorce during childhood. This study advances the current literature on marriage and life satisfaction by using a nationally representative longitudinal data set as well as by testing social selection and causation perspectives.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.147-156
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• 2020

This study aims to analyze the effect of public spending, macroeconomic variables, and BPK opinion on economic growth. This study is motivated by the inequality of fiscal policy effectiveness between regions in Indonesia in influencing the economic growth of different regions, the ability of local governments to attract foreign investors, and the transparency of regional financial management in designing development programs to encourage regional economic growth. The analytical tool in this study is a dynamic panel regression model with data from 2008 to 2017. The results of this study show that, in the short term, the population affects regional economic growth, while in the long term, the economic growth is affected by the number of people, the poor, General Allocation Fund, health budget, foreign investment and BPK opinion. The findings of this study are that in the long term the General Allocation Fund becomes an obstacle to economic growth, this is because the general allocation funds is widely used to cover the lack of funds for routine regional activities, thereby reducing activities for development programs. Another research finding is that fiscal policies carried out by local governments make a small and ineffective contribution to promoting economic growth.

• 한국응급구조학회지
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• 제28권1호
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• pp.21-34
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• 2024

Purpose: This study aimed to observe change in factors over time in the first cohort of the 2018 Children and Adolescent Panel Middle School. In addition, this study attempted to examine the causal relationship and influence between variables by setting a time gap between independent and dependent variables. Methods: Frequency and descriptive statistical analyses were conducted to determine the general characteristics of the study participants. Hierarchical regression analysis was conducted to analyze the effects of smartphone dependence on health, sleep quality, and depression. After inputting the control variables (Model 2), the influence of the variables was identified based on the input model. Results: Smartphone dependence positively impacted depression in both male and female students and negatively impacted sleep and health. Conclusion: Smartphones are closely associated with teenagers' lives. Additionally, as adolescents experience various psychological anxieties owing to rapid physical changes, there are concerns that psychological dependence may increase, considering that adolescence is the most emotionally unstable period. Therefore, the results of this study consistently prove that smartphone dependence has a causal relationship with emotion-related variables, such as emotional stress, depression, and anxiety.