• 수산경영론집
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• 제42권2호
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• pp.1-14
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• 2011

We try to find the determinants of fisheries firms' capital structure during the years from 1992 to 2007 in this paper. We also have a comparative analysis of capital raising behavior in pre and post-IMF financial crisis. Regression analysis is used for this empirical study. Dependent variable is leverage ratio and independent variables are firm size, operating risk, proportion of tangible asset, non-debt tax shield effect, sales growth ratio, profitability and dummy variable. We compared the characteristics of fisheries industry with that of manufacturing industy. The determinants of fisheries firms' capital structure and correlation between pre and post-IMF financial crisis are roughly same as the hypothses except a little difference. As a peculiar difference, corrlation between fisheries firms' operating risk and leverage ratio is (+) in the pre-IMF financial crisis, but (-) in the post-IMF financial crisis. Proportion of tangible asset has a (+) correlation with leverage ratio in pre and post-IMF financial crisis, but in case of manufacturing industy, (-) correlation shows in the pre-IMF financial crisis. Because, in the pre-IMF financial crisis, high proportion of tangible asset doesn't play a role of a collateral, but only increase the bankruptcy probability. Non-debt tax shield effect and leverage ratio have (-) correlation in all industry and all period, but only (+) correlation in case of fisheries industry in the pre-IMF financial crisis. Sales growth ratio has no significant relationship with leverage ratio in fisheries industry, and this is not coincide with our hypothsis. We have a limitation of the sample size of fisheries firms and sample period in this study. Further study is required to classify the fisheries industry with in-shore fisheries, deep sea fisheries and cold storage industry.

• Communications for Statistical Applications and Methods
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• 제21권6호
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• pp.501-512
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• 2014

Stylized facts on asset return are fat-tail, asymmetry, volatility clustering and structure changes. This paper simultaneously captures these characteristics by introducing a multi-regime models: Finite mixture distribution and regime switching GARCH model. Analyzing the daily KOSPI return from $4^{th}$ January 2000 to $30^{th}$ June 2014, we find that a two-component mixture of t distribution is a good candidate to describe the shape of the KOSPI return from unconditional and conditional perspectives. Empirical results suggest that the equality assumption on the shape parameter of t distribution yields better discrimination of heterogeneity component in return data. We report the strong regime-dependent characteristics in volatility dynamics with high persistence and asymmetry by employing a regime switching GJR-GARCH model with t innovation model. Compared to two sub-samples, Pre-Crisis (January 2003 ~ December 2007) and Post-Crisis (January 2010 ~ June 2014), we find that the degree of persistence in the Pre-Crisis is higher than in the Post-Crisis along with a strong asymmetry in the low-volatility (high-volatility) regime during the Pre-Crisis (Post-Crisis).

• 한국사회복지학
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• 제66권1호
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• pp.5-34
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• 2014

이 연구의 목적은 청소년 자살 사후 학교중심 위기개입 프로그램을 평가하려는 것이다. 이 연구에서는 청소년 자살 사건이 발생한 7개교의 전교생, 학급생, 교직원들을 대상으로 위기개입 프로그램을 실시하고, 세부프로그램별 참여자 집단을 대상으로 폐쇄형 개방형 설문지를 활용하여 자료를 수집하였으며, 혼합 평가방법을 활용하여 분석하였다. 주요 결과들을 살펴보면, 위기개입이 이루어진 2개 학급은 사후 위기개입 이후 실시한 설문조사 결과, 친구를 잃은 슬픔을 표현하고 친구를 애도하는데 도움이 되었다고 응답하였다. 다른 4개 학급은 생명존중에 대한 인식이 증가한 것으로 나타났다. 개방형 질문에 대한 응답을 범주화하여 분석한 결과에서는 생명존중의식 변화 및 재인식, 심리 정서적 안정등의 의미를 도출하였다. 이러한 연구결과에 근거하여 자살 발생 상황에 적합한 맞춤형 위기개입 매뉴얼 개발의 필요성 등을 제언하였다.

• 한국포장학회지
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• 제8권2호
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• pp.12-17
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• 2002

Since 1985, the growth rate of population of the world is over that of the food production. The cultivated land and the grain production rate are decreasing every year. Therefore, the most serious crisis which we will meet in the 21st century will be food shortage. In order to solve this desperate shortage of food, besides trying to produce more food, the technology of post-harvest, food processing, and food packaging should be developed to reduce and make the best use of the amount of the already produced agricultural products for which a lots of cost and labors were invested, but are being wasted during food distribution channel due to their undeveloped technology.

• 한국병원경영학회지
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• 제spc호
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• pp.85-95
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• 2016

This study is to introduce a comprehensive framework of a crisis management system developed at a prominent hospital in South Korea. Throughout recent decades, especially in the recent years, the way in which to cope with both internal and external challenges has been one of the most critical issues. Since the incident management system in the U.S. is acknowledged as the most advanced crisis management model in the world, a portion of this study refers to the Hospital Incident Command System(HICS) provided by the California Emergency Medical Services Authority(EMSA). Nevertheless, the framework suggested in this article was designed based on a distinctive Korean hospital setting. The main contents of this study are as follows; categorization of each type of crisis, organization of a crisis management team in a non-crisis or crisis state, crisis assessment by life cycle stage, and establishment of crisis management protocol. Even though many types of crises are unspecified, those can be categorized into external crisis, medical crisis, and utility & activity failure. A crisis management organization should be operated and consisted differently- depending on a crisis or non-crisis situation. From a life-cycle perspective, the range by which the crisis should be managed extends from pre-stage to post-stage of the crisis. It is important to set proper scenarios and manuals by crisis type to develop a crisis management framework of high quality. With continuous efforts, hospitals can prepare for the uncertainty to better concentrate on core business operations.

• KDI Journal of Economic Policy
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• 제30권1호
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• pp.33-70
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• 2008

본 연구는 경제위기 이후 한국경제의 성장 둔화의 요인을 살펴보고, 국제비교적 관점에서 위기 이후의 성장 성과를 평가해 보았다. 수량변수 및 가격변수를 이용한 성장회계 분석 결과는 경제위기 이후 급격한 성장 둔화가 주로 노동자 1인당 자본축적의 둔화에 의해 설명되는 것으로 나타났다. 반면, 경제위기 이후 2001~05년 기간 중 총요소생산성 증가율은 경제 위기 이전인 1991~95년 시기에 비해 다소 높은 것으로 분석되었다. 한편 외환위기 이후 한국경제의 성장 둔화는 전 세계적 성장 둔화라는 시대적 요인과 동아시아 지역 고유의 요인에 대부분 기인한 것으로 분석되었다. 특히 자본축적의 둔화는 동아시아 지역 고유 요인에 주로 기인한 것으로 분석되었다. 국제비교적 관점에서 볼 때 전반적으로 위기 이후 한국경제의 성장 성과는 생산성 향상 및 자본축적이라는 측면에서 부정적으로만 평가하기는 어려운 것으로 보인다.

• 산경연구논집
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• 제13권9호
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• pp.27-36
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• 2022

Purpose: The coronavirus pandemic has affected the tourism industry in a big way. The travel industry suffered intense damage from the pandemic and procedures acquainted to containing its spread because the pandemic outbreak has led to a decline in the number of tourists and a change in their behavior. At this point, this research is to investigate adequate solutions for tourism industry to overcome the crisis in a post-Covid 19 era. Research design, data and methodology: The current author gathered data from each included study to analyze and summarize the evidence when conducting a literature analysis. This stage involves gathering and reviewing intricate texts databases for the meta-analysis. Results: The current author found total five solutions from numerous literature contents, suggesting how to overcome the crisis in a post-Covid era for tourism industry. Solutions as follows, (1) Drawing beginning illustrations, (2) Introducing Government Backing Programs, (3) Increasing Promotion of Tourism Destinations, (4) Enhancing Safety and Security Measures, and (5) Improving Infrastructure and Facilities. Conclusions: This research suggests that although the global economic recession leads to reduced demand and intense competition from other sectors, the tourism industry will be well positioned to weather these challenges if practitioners of tourism organizations follow five solutions of this research.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.517-525
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• 2021

The study investigates the behavior of Asian banks in response to the subprime mortgage crisis and examines how countries that have experimented with a mix of conventional and Islamic banking managed their balance sheet during that period. The study carries out an independent mean t-test comparing the difference of leverage of 464 conventional commercial Asian banks pre- and post-crisis from the largest twenty-five Asian economies based on GDP (2007). The analysis uses 10-year unbalanced panel data of conventional banks and employs the generalized least squares estimation using a dummy variable event window method to capture the response of Asian banks. The study finds evidence of a structural change in the capital structure of Asian commercial banks in response to the financial crisis. Findings suggest that conventional banks increased their capital position more in countries that have both Islamic and conventional banking than those countries without Islamic banking services. By having Islamic banking in their product portfolio, countries can exert market discipline on conventional banks. The study identifies a significant role of global macroeconomic shocks on banks liability structure decision-making. Evidence shows that this increase in capital positioning by banks was a permanent rather than a temporary response.

• 사회경제평론
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• 제29권1호
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• pp.31-70
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• 2016

본 연구는 포스트 케인지언 경제학의 전개과정과 대안 경제학으로서의 가능성을 살펴본다. 비주류 경제학 중에서도 비주류 경제학이라고 칭해지는 포스트 케인지언 경제학은 현재 대안적 거시경제학으로서의 가능성을 어느 정도 인정받으며 외국에서는 비교적 활발한 논의가 되고 있다. 한국에서도 그간 여러 선행 연구가 있었지만, 여전히 학파에 대한 일반적인 소개가 제대로 이루어지지 않고 있다. 본 연구의 일차적 과제는 포스트 케인지언 경제학의 전개과정을 통해 학파의 현황을 소개하는 것이다. 이를 통해 비주류경제학인 포스트 케인지언 경제학이 대안 경제학으로 자리매김할지를 라카토슈의 '과학적 연구프로그램 방법론(methodology of scientific research programmes)'을 이용해서 확인하는 것이 본 연구의 이차적 과제이다. 연구의 순서는 다음과 같다. 먼저 포스트 케인지언 경제학의 전개과정을 살펴보고 포스트 케인지언 경제학의 특징을 주류경제학과 비교해서 분석한다. 이를 통해 포스트 케인지언 경제학과 주류경제학의 경계를 긋는다. 다음으로 라카토슈의 연구프로그램 방법론을 이용하여 포스트 케인지언 경제학의 연구프로그램으로의 완결성을 가름해 본다. 마지막으로 포스트 케인지언 경제학의 한계 및 앞으로의 과제를 제시한다.

• East Asian Economic Review
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• 제18권2호
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• pp.187-212
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• 2014

The purpose of this paper is to examine the equity market crisis contagion in major Asian economic markets. A comparative assessment of Asian markets during the Asian Financial Crisis and Global Financial crisis may clearly identify the changing nature of long term integration of major Asian markets. The selection criteria of specific Asian markets of different peripheries depend particularly on the roles and structure of these markets. The impact of the global financial contagion and the lingering financial linkage in the aftermath of crisis will explain the reaction of the majority of Asian markets to global linkage. While majority of the studies focused on dynamic short term association in European and MENA contagions in the post global financial crisis period; after the global financial crisis, attention paid to long term Asian contagion adds new perspective to hitherto disorganized theories.