• 제목/요약/키워드: Present value

검색결과 6,051건 처리시간 0.037초

The Accuracy of Various Value Drivers of Price Multiple Method in Determining Equity Price

  • YOOYANYONG, Pisal;SUWANRAGSA, Issara;TANGJITPROM, Nopphon
    • The Journal of Asian Finance, Economics and Business
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    • 제7권1호
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    • pp.29-36
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    • 2020
  • Stock price multiple is one of the most well-known equity valuation technique used to forecast equity price. It measures by multiplying "the ratio of stock price to a value driver" by a value driver. The value driver can be earning per share (EPS), sales or other financial measurements. The objective of price multiple technique is to evaluate the value of assets and compare how similar assets are priced in the market. Although stock price multiple technique is common in financial filed, studies on the application of the technique in Thailand is still limited. The present study is conducted to serve three major objectives. The first objective is to apply the technique to measure value of firms in banking sector in the Stock Exchange of Thailand. The second objective is to develop composite price multiple index to forecast equity prices. The third objective is to compare valuation accuracy of different value drivers of price multiple (i.e. EPS, Earnings Growth, Earnings Before Interest Taxes Depreciation and Amortization, Sales, Book Value and Composite Index) in forecasting equity prices. Results indicated that EPS is the most accurate value drivers of price multiple used to forecast equity price of firms in baking sector.

Service Satisfaction and Continuous Use Intention on Omnichannel-Based Pickup Service

  • LEE, Kyoung-Hee;KIM, Bo-Young
    • 유통과학연구
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    • 제19권10호
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    • pp.5-15
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    • 2021
  • Purpose: This study aims to present individual motivation and channel characteristics affecting omnichannel service use, as well as the effect relationship of the brand factor on consumption value, service satisfaction, and continuous usability based on convenience store pickup service, one of online shopping customers' omnichannel use services. Primarily, this study divided consumption value into emotional value and functional value and examined the consumption value characteristics of omnichannel-based pickup service customers. Research design, data and methodology: A questionnaire survey was carried out targeting 324 consumers having the omnichannel-based pickup service user experience in online shopping in Korea. A confirmatory factor analysis and path analysis were carried out based on the structural equation to verify hypotheses. Results: According to the analysis result, individual motivation affected the emotional value, and the omnichannel characteristics affected functional value. The brand effect influenced both emotional and functional values. The emotional value affected continuous use intention, and the functional value affected service satisfaction. Conclusions: Therefore, consumers' emotional and functional values showed differences in consumption behavior. In online shopping companies' marketing strategy construction for omnichannel, it was confirmed that a differentiated approach is needed depending on the strategic goal of satisfaction improvement and continuous use intention consolidation.

의사결정나무분석을 적용한 비취업모와 취업모의 후속출산계획 예측요인 탐색 (Exploring predictors of subsequent childbirth plan for non-employed and employed mothers : The application of decision tree analysis)

  • 임양미
    • 한국가정과교육학회지
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    • 제27권4호
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    • pp.155-172
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    • 2015
  • 본 연구는 어머니의 개인적 관계적 속성과 현 자녀속성이 후속출산계획에 미치는 영향과 어머니의 취업여부에 따라 후속출산계획을 예측하는 요인을 알아보기 위해 수행되었다. 본 연구대상은 한국아동패널조사에 참여한 어머니 1,635명이었으며, 조사도구는 어머니의 월평균 가구소득, 양육스트레스, 자녀가치, 결혼만족도, 사회적 지원, 기존 자녀의 출생순위와 성별을 측정하기 위한 자기기입식 설문지이었다. 수집된 자료는 SPSS 22.0 프로그램을 사용하여 기술통계와 t 검증 및 ${\chi}^2$ 검증, 의사결정나무분석을 통해 분석되었다. 본 연구의 주요결과는 다음과 같다. 첫째, 어머니의 양육스트레스, 자녀가치, 결혼만족도, 사회적 지원, 자녀의 출생순위와 성별은 후속 출산계획에 영향을 미친 반면 월평균 가구소득은 영향을 미치지 않는 것으로 나타났다. 둘째, 비취업모의 경우 자녀의 출생순위와 성별, 자녀가치가 후속출산계획을 예측하는 주요인으로 제시되었는데, 현 자녀가 첫째이면서 여아일 경우 후속출산계획을 수립할 가능성이 가장 높았으며, 자녀가 첫째이면서 남아일 경우 자녀에 가치를 부여하는 정도가 높을수록 후속출산계획을 수립하는 것으로 나타났다. 취업모의 경우 자녀의 출생순위와 결혼만족도가 후속출산계획을 가장 잘 예측하는 요인으로 나타났으며, 현 자녀가 첫째이면서 결혼만족도가 높을 경우 후속출산계획을 수립할 가능성이 높았다. 마지막으로, 후속출산율 제고방안으로, 인구교육의 필요성과 가정교과의 역할을 제안하였다.

양파와 생강즙의 처리가 냉동 고등어의 지질산화와 지방산 조성에 미치는 영향 (Effects of Onion and Ginger on the Lipid Peroxidatiion and Fatty Acid Composition of mackerel during Frozen Storage)

  • 이연경;이혜성
    • 한국식품영양과학회지
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    • 제19권4호
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    • pp.321-329
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    • 1990
  • The present study was carried out to investigate the antioxidant effects of onion and ginger on the lipid peroxidation of mackerel during frozen storage. mackerels were reated with onion juice ginger juice tocopherol and BHA and stored at -18$^{\circ}C$ for 6 weeks. lipid peroxidation in samples was estimated by the periodical measurements of acid value iodine value peroxide value carbonyl value 2-thiobarbituric acid value and fatty acid composition. The treatments with ginger and onion were effective on the suppression of acid value and carbonyl value of makerel oil during 4 to 6 weeks of frozen storage. The iodine value was not affected by the treatments with various antioxidants, The production of peroxides was delayed by ginger or onion treatment, the TBA value of the sample muscles was not lowered by the treatments, The treatment with onion resulted in less changes in the contents of $\omega$-3 polyunsaturated fatty acids and in the P/S ration of fish oil than the control did. Results indicate that the applica-tion of ginger or onion juice on the surface of fishes may be useful to lower the degree of rancidity of fish during the froxaen storage.

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울산지역 야시장의 메뉴품질이 지각된 가치 및 재방문 의도에 미치는 영향 (The Effect of Menu Quality at a Night Market in the Ulsan Region on Perceived Value and Revisit Intention)

  • 전유명
    • 한국조리학회지
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    • 제23권7호
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    • pp.183-193
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    • 2017
  • The present study was conducted at a night market in the Ulsan region, with the purpose of analyzing the impact of menu quality at night markets on customers' perceived value and revisit intention. The study surveyed 323 visitors to the night market, and analyzed the results using the SPSS 18.0 statistics program. The results were the following. Firstly, the results of the exploratory factor analysis regarding menu quality at the night market showed 5 main factors, to a statistically valid and reliable degree: hygiene, price, diversity, originality, and taste. Secondly, it was found that menu quality exerts a positive influence on perceived value, with taste having the biggest influence on hedonic value, and price having the biggest influence on utilitarian value. Thirdly, it was found that menu quality further exerts a positive impact on the revisit intention, with price having the greatest influence in this regard. Fourthly, perceived value was found to have a positive influence on the revisit intention, with utilitarian value having a greater effect than hedonic value in this regard.

Analysis of the economic value of the production of lily bulbs in Korea

  • Jang, Hyundong;Kim, Sounghun
    • 농업과학연구
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    • 제43권3호
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    • pp.481-495
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    • 2016
  • Lily, which is one of Korea's main flower exports, is one of the most important agricultural product in the country. Korean lily farmers have difficulty earning more profit from producing lilies, because of the high cost of lily bulbs. Most lily bulbs used in Korea are imported from the Netherlands. Thus, the Korean government has kept trying to supply more and better Korean lily bulbs. However, many experts have questioned the efficiency and economic value of the Korean lily production system. The purpose of this paper is to analyze the economic value of the production of lily bulbs in Korea. Especially, this study evaluates the economic value of the production systems of Korean lily bulbs and compares the results from several cases. The results of the present study presents some useful findings, as follows: first, two Korean production areas (Gangneung and Jeju) show a positive economic value but one Korean production area (Taean) presents problems causing a negative economic value. Second, the Korean production area in Vietnam currently has trouble in the view of economic value but will likely overcome that problem. Third, the production area in the Netherlands shows the best economic value. Thus, Korean lily bulb producers need to benchmark that system.

Value Recognition and Intention to Adopt Smart City Services: A Public Value Management Theory Approach

  • Lee, Seung Ha;Lee, Jung Hoon;Lee, Young Joo
    • Journal of Contemporary Eastern Asia
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    • 제18권1호
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    • pp.124-152
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    • 2019
  • Smart city, which employs information and communication technology (ICT) to resolve urban problems, is gaining more research attention in the innovation research. However, most previous studies regard citizens as merely passive accepters of the smart city services, focusing on individual private values. The present study aims to expand existing limited perspectives by applying public value management theory. Drawing from the literature review, we developed a dual perspective that a smart city service should encompass: private and public value. Then we set up a causal relationship between the value recognitions and intention to adopt smart city services. We further related antecedent variables to the dual value recognition in terms of citizens' characteristics: prior knowledge, personal innovativeness, and citizenship. Two case subjects among currently operating smart city services in South Korea were selected to empirically investigate our hypothesis. Results confirm the recognition of both public and private value is significantly related to the citizens' personal characteristics and resultant attitude towards acceptance and support for diffusion of the smart city services. This study is expected to provide useful implications for a new angle for the recipient of the smart city services, value orientation of the services, citizen's participation, and method selection for promotion.

항만공사의 사회적 가치 실현을 위한 추진모델과 평가지표 구축연구 (A Study on the Development Model and Establishment of KPIs for the Realization of Social Value in Port Authority)

  • 김승철;표희동
    • 무역학회지
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    • 제43권6호
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    • pp.193-214
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    • 2018
  • 최근 공공기관은 경제적 가치창출을 넘어 사회적 가치(Social Value) 창출 역할을 강조받고 있다. 본 연구에서는 항만을 관리·운영하는 주체인 항만공사에 대한 사회적 가치 실현을 위한 평가지표 및 항만공사형 사회적 가치 실현모델을 제시하고자 하였다. 경영평가제도의 5가지 사회적 가치 평가지표를 중심으로 정량적으로 측정가능한 KPI(Key Performance Index)를 제시하고 항만공사별 비전, 미션과 사회적 가치 추진전략 및 이해관계당사자 분석을 통해 항만공사 고유업무영역에 기반한 항만서비스 전달 및 구매 고객형 사회적 가치 모델 개념을 제시하였다.

The Impact of Food Quality on Experiential Value, Price Fairness, Water Park Image, Satisfaction, and Behavioral Intention in Context of Water Park

  • Lee, Sang-Mook
    • 한국조리학회지
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    • 제22권1호
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    • pp.87-95
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    • 2016
  • The purpose of current study is to develop and estimate a proposed model that explains the potential relationships among food quality, experiential value, price fairness, image, satisfaction, and behavioral intention in context of water park. In addition, the study will verify how these factors link to each other. Results show that food quality is a significant antecedent of experience value, price fairness, water park image. Also, the experiential value and water park image influence on visitors' satisfaction. Last, the satisfaction is critical predictor of behavioral intention. These findings will contribute to understand the consumers' perception about water park, and how derives the customer satisfaction and behavioral intention. In sum, present study will serve insights for industry marketers and managers in water park segment.

An Analysis on Multiplier Effects for the Digital Contents Industry of Korea

  • Jones, Trever;Kim, Shin-Pyo;Noh, Kyoo-Sung;Cho, Jae-Wan
    • 한국디지털정책학회:학술대회논문집
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    • 한국디지털정책학회 2004년도 International Conference on Digital Policy & Management
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    • pp.99-109
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    • 2004
  • Key goal of the study is to analyze the economical ripple effect by the digital contents industry. In this study, the results of analysis of multiplier effects of digital contents industry can be summaries as follows: (1) Output multiplier for the manufacturing sector was the highest with value of 3.0509 while that of digital contents industry is the lowest at 1.6511. (2) Employment multiplier is the lowest for the manufacturing sector with value of 4.2895, while that of digital contents industry is the lowest with value of 1.0238. (3) Income multiplier is the lowest for the manufacturing sector with value of 5.3331, while that of digital contents industry is the lowest with value of 1.0081. Therefore, digital contents industry is clearly a new-growth power industry in the future rather than in the present.

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