• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.475-480
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• 2020

Investing in the tax-benefit funds is the best way for the inexperienced investors who do not have knowledge, expertise, and the time to research the information by themselves. This study describes the benefits of tax-benefit funds in Thailand. The tax-benefit funds consist of retirement mutual funds (RMFs) and super saving funds (SSFs). There are many kinds of funds investment policies on offer. The tax-benefit funds provide the opportunity to investors, which they are able to invest a small amount and draw more benefits. They hire fund managers to manage their money. These funds are able to help investors to meet their goals. The RMFs are suitable for investors who want to have money for retirement, investing every year, and getting tax exemption. The investors who invest in RMFs are able to deduct the tax income by including other retirement funds not exceeding THB500,000.00 per year. The SSFs match for the investors who need to obtain the tax exemption and long-term investment for at least ten years. The SSFs provide the benefit to investors that they are able to deduct taxable income not more than THB200,000.00 per year. Finally, these funds are tax-except and promoted for retirement savings.

• 기술혁신연구
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• 제23권4호
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• pp.63-87
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• 2015

연구성과를 향상시키는 데 중요한 요인은 연구자의 역량, 연구비 등의 자원 투입 등이 지적되었다. 하지만 최근에는 공동연구가 활성화되면서 연구자 사이의 구조적 특성을 통해 지속적 상호관계를 형성하여 과학적 지식을 생산하고 있기 때문이다. 하지만 이러한 연구비 지원이 지원 자체에 그치는 것이 아니라 연구비 지원으로 인해 다수의 기관이 협력하여 연구를 수행할 수 있는 발판이 된다는 점에서 연구성과에 영향을 미치는 것으로 볼 수 있다. 즉 연구비 지원이 공동연구의 연결구조에 차이를 발생시켜 연구성과에 영향을 미치기 때문으로 추정할 수 있다. SCIE DB에서 2009년부터 2013년까지 5년간 문화기술(CT) 분야의 공동연구 논문을 대상으로 연구비 지원 여부에 따른 네트워크 구조와 연구성과의 관계를 분석한 결과 다수의 연구기관이 연결되어 있을수록 논문 편수가 증가하고 사이 중심성이 증가할수록 논문 편수는 감소하는 것으로 분석되었다. 또한 연구비 지원 여부가 네트워크 구조, 연구성과에 영향을 미치는 것으로 분석되었다.

• International Journal of Human Ecology
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• 제4권2호
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• pp.55-75
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• 2003

The purpose of this study was to investigate the effect of employment related factors on household savings for precautionary purposes when controlling for financial security and to compare the results between the two different economic periods. A conceptual framework was developed based on the precautionary saving theory, the family stress theory, and previous empirical studies. As a self-insurance, a measure of security funds were developed and used as the dependent variable. Using data on working households in the 1992 and the 1998 Survey of Consumer Finances (SCF), a MLE estimation was conducted on the pooled data. The 1992 and 1998 data were used to reflect periods of economic recession and expansion, respectively. The results suggested that factors representing resources played the most significant role in determining the amount of security funds. Some of the employment related factors, preferences, financial security, and race were also significantly affected the amount of security funds. The results suggested that stable employment conditions were important for households to accumulate security funds. Households with more human resources and financial resources had a larger amount of security funds than those that had less human and financial resources. From the findings, implications for research, policies, and financial educators had been suggested.

• 한국경제지리학회지
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• 제10권1호
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• pp.81-91
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• 2007

유럽연합(EU)은 EU의 조화로운 발전을 진흥시킨다는 목적하에, 경제 사회적 결속을 강화시키고자하며, 특히 지역격차를 축소시키고 저발전 지역을 개발하기 위해, 1994년부터 구조기금을 집행해 왔다. 2000년 7월 EU의 최고의결기구인 EU 정상회의는 EU 집행위원회의 발의와 유럽의회의 동의를 거쳐 2007년-2013년의 기간에 적용될 구조기금의 규정을 확정하였다. 이에 본고는 2007년-2013년 구조기금의 특징을 기금이 설정하고 있는 목표, 그러한 목표가 적용되는 국가 및 지역, 구조기금의 회원국 간 할당 및 재정수단에 초점을 맞춰 살펴보았다.

• 아태비즈니스연구
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• 제13권1호
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• pp.167-183
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• 2022

Purpose - The purpose of this study is to show the need to use the past long-term returns for investment decisions in U.S. equity funds and to suggest an investment strategy using long-term returns. Design/methodology/approach - This study solves the problem of high return volatility in long-term returns and proposes new investment portfolios based on the behavior of fund investors according to past returns. For the investment portfolio of this study, 60 months are divided into several periods and the average of the performance ranks for each period is used. Findings - First, funds with high average returns over multiple periods have lower future outflows and higher future returns than funds with high 60-month cumulative returns. Second, funds with low average returns over multiple periods have lower future inflows and lower future returns than funds with low 60-month cumulative returns. The findings mean that when making decisions based on past long-term returns, it is a smarter investment choice to buy funds with high average returns over multiple periods and sell funds with low average returns over multiple periods. Research implications or Originality - This study shows that it is necessary to use long-term returns in fund investment by analyzing the characteristics of the portfolio based on past returns. In addition, the study is meaningful in that it suggests a way to use long-term returns more efficiently based on the behavior of fund investors and shows that such investments lead to higher returns in the future.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.433-442
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• 2021

This research examines the financial performance of Village and Urban Community Funds (VFs). The study also explores the beneficial effects of the biggest microfinance programs in the world in the lower and lowest income provinces; specifically, whether VFs change household economic status or not. The data is collected uniquely from the village funds in four provinces of each region in Thailand which considerably reflect the government achievement. Accordingly, several financial ratios have been applied to evaluate the financial efficiency of the village funds, and the ordered logit model has been used to estimate the impact on economic variables of the poor. The findings show that the village funds do not improve the savings, income, consumption, and asset of VFs' members, although such funds have a higher financial performance. Furthermore, the VFs are a good substitute compared to the Bank for Agriculture and Agricultural Cooperatives (BAAC) credit because the cross-price elasticity of quantity of demand for such loans is positive. In particular, the loans from village funds are insignificantly correlated with the debt, income, asset, and economic status of VF members. This implies that Thai Village Funds do not alleviate definitely the serious problem about the financial situation in rural provinces. Thus, this microfinance does not change the economic well-being of the poor.

• Asian Journal of Innovation and Policy
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• 제3권2호
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• pp.193-215
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• 2014

This study analyzes the factors on the determinants of research productivity. In addition, this study uncovers the relationships between research productivity and various explanatory variables, and between explanatory variables. As for research productivity, 3 indices were used such as the number of papers, patents, and a combination of them. The data is the 3-year average from 2010-2012 by 1,383 researchers from 6 disciplines such as physics, chemistry, biology, mechanical engineering, electricity and electronics, and chemical engineering, reported to the National Research Foundation of Korea. Personal factors such as sex, age, academic rank and location of affiliation show the group difference for productivity. In addition, most resource factors such as the number of graduate students and research funds showed the same result with personal factors. As for the determinants, master and doctoral students and government funds are the most powerful factors for research productivity, but industry funds for patent and overall productivity.

• 한국문헌정보학회지
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• 제34권1호
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• pp.39-70
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• 2000

학술연구에 있어서 연구개발수익 중 상업적 연구용역으로 판단되는 연구활동비에 대하여 정부 당국은 과세를 해야 한다는 정책을 가지고 있다. 이에 대하여, 학술연구비의 현황을 밝히고 그 정책대안과 법적 보완책을 제시하였다. 구체적으로 대학에서 수행하는 연구개발 현황, 세법상 연구개발 소득에 대한 관계 규정과 국세청의 견해, 상업적 연구개발용역 과세에 대한 법률적, 정책적 문제점 및 외국의 연구비 과세 사례를 검토하였다. 그 결과 연구활동비에 대한 과세 여부는, 학술연구활동을 장려하기 위해 상업적 비상업적 연구용역의 구분 기준과 법령의 미비점을 합리적으로 보완하는 신중한 과세행정정책 수행이 필요하다는 정책대안을 개발 제시하였다.

• 동아시아경상학회지
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• 제1권2호
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• pp.22-29
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• 2013

Purpose: The present study combines both tax structures and pension funds as the factors of economic importance and explores the impact of both (pension funds and tax rates) on the economic growth in context of OECD nations. Research Design, Data and Methodology: Last forty years data on these variables is taken for study purpose. A Sample size of thirty four nations which form the part of OECD nations was taken for study purpose. Results: Regression analysis (linear) was used to find out relationship between tax structure, Pension funds and economic growth. Conclusion: The results are important for nations increasing their expenditure for social contribution.

• The Journal of Asian Finance, Economics and Business
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• 제2권4호
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• pp.5-11
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• 2015

This study is the first to analyze performance of Taiwanese domestic equity funds between January 2009 and October 2014, the period during which quantitative redirected capital flows toward developing economies and the Taiwanese Stock Exchange Weighted Index compounded at approximately 12.9% annually. Adopting methods endorsed by earlier research, we evaluated 15 Taiwanese equity funds' performance relative to market averages using the Sharpe (1966) and Treynor (1965) ratios and Jensen's alpha method (1968). To test market timing proficiency, we applied the Treynor and Mazuy (1966) and Henriksson and Merton (1981) regression analysis methods. Jensen's alpha method (1968) was used to measure fund managers' stock selection skills. Results revealed that funds significantly under-performed Taiwan's average annual market return and demonstrated no exceptional stock-selection skills and market timing proficiency during the era of quantitative easing.