• Title/Summary/Keyword: Return policy

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Income Distribution and Factors Affecting the Bank's Stability

  • TRINH, Viet Xuan;DO, Du Kim;NGUYEN, Anh Thi Lan
    • Journal of Distribution Science
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    • v.20 no.9
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    • pp.23-28
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    • 2022
  • Purpose: Research on banking sustainability plays an important role in helping banks understand the level of risk in different types of companies. Therefore, this study was conducted to determine the factors affecting the sustainability of Joint Stock Commercia l Banks in Vietnam. Research design, data and methodology: The following theories, the factors affecting the bank's sustainability include: Business model diversification (income diversification), bank size, loan ratio, and net interest margin. Data was collected from Joint Stock Commercial banks in Vietnam from 2015 to 2019. With GLS model on panel data with banks listed on Vietnam stock exchange. Results: The analysis results show that net interest income has a positive impact on the sustainable business results of banks through the rate of return on total assets (ROA). The non-interest income hasn't impact on bank stability. From this result, there aren't positive signs of income diversification in banks. At the same time, with the obtained results, the study also provides a policy implication for banks. Conclusions: The study also provides some policy implications to improve the bank stability. Diversifying income in banks is necessary, but how to make it influential banks has not yet been done. Therefore, the adjustments in non-interest business activities need to be carefully considered by banks.

The Change Process of River Management Policy and the Factors of Dam and River-mouth Weir's Problems in Japan (일본 하천관리정책의 변화과정과 댐.하구언 문제의 요인)

  • Ito, Tatsuya;Lee, Chul Woo
    • Journal of the Korean association of regional geographers
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    • v.20 no.2
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    • pp.176-188
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    • 2014
  • Since the late 1990s, a nationwide movement against dam and river-mouth weir plans in Japan has been promoted with a movement against a river-mouth weir for the Nagara river(長良川). This movement has been a catalyst for institutional frameworks on the central government's dam and river-mouth weir plans. Subsequently, water resource and river management policies have entered a new phase, with provinces governors's participation in "Statements on withdrawal from dam and river-mouth weir" as well as the seizing of power by the Democratic Party. However, problems with dams and river-mouth weirs have been confused due to poor countermeasures from the Democratic Party and to the Liberal Democratic Party(LDP)'s return to power. The fundamental causes on this situation are the non-establishment of fiscal norms for public projects and the rigidity of the water-right allocation system in Jananese policy-making processes. To successfully settle future policy on water resources and rivers, the first priority is to prepare specific institutional frameworks on finance of public projects and to organize a practical policy coordination system among government organizations. These policy tasks provide implications for river and water management policy in Korea.

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A Study on the Effects of the Policy Funding Program Provided to the Small and Medium Sized Enterprises in Gangwon-Do (강원도 중소기업 정책자금지원제도의 성과분석)

  • Shim, Sangpil;Jang, Woon Wook
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.14 no.4
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    • pp.179-190
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    • 2019
  • To alleviate financing difficulties of small and medium sized enterprises (SMEs), the government and municipal governments are providing a variety of SME policy funding programs. This study introduced the policy funding program of Gangwon-do and quantitatively analyzed the financial performance of companies supported by the Gangwon-do SME policy fund in the year 2014. Specifically, we compared the financial ratios for three years, from 2013 to 2015, between funded firms and non-funded firms. In addition, we applied a regression analysis to see if the policy funding program contributed to profitability (the operating profit growth and return on equity), stability (the interest coverage ratio and debt-to-equity ratio), and growth (the asset growth and sales growth) of the funded firms. The empirical results show that the firms that received the policy funds did not show any improvement compared to non-funded firms in terms of profitability, stability, and growth. This suggests that Gangwon-do should improve the policy funding program, that currently provides only an interest amount of 2-4% of the corporate loan principal, without any strategic selection criteria for the target funded firms, and without any follow-up management system, after support.

A strategic Approach for Establishing Korea's Cyber Terrorism Policy : Focusing on the UK's cyber terrorism policy (국내 사이버테러 정책수립을 위한 전략적 접근방안 : 영국의 사이버테러 정책을 중심으로)

  • Kim, Byung-Hwa
    • Korean Security Journal
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    • no.51
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    • pp.173-195
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    • 2017
  • Recently, in South Korea, security management has been strengthened, but there have been an increasing number of cases where the main infrastructure of the country is hacked in the cyber space. South Korea is equipped with sophisticated information and communication technologies, such as Internet, but is threatened by cyber terrorism of North Korea and terrorist organizations. Nevertheless, there is a limit to how to develop a policy and strategic plan for the country, which is related to domestic terrorism and lacks legal and regulatory facilities, and therefore, in this study, proposed suggestions for building adaptive and efficient policy formulation. Based on the theoretical analysis framework of the Strategic Plan for achieving the objectives of the research, we compared the UK 's security strategy with the national security policy of the domestic government. As a result, several problems were derived: First, the domestic security strategy did not take into account the external environment. Secondly, lack of coordination with domestic cyber security goals setting and strategy is causing ambiguity and confusion. Third, the detailed plan of implementation of national security in each province is designed to ensure that there is a possibility that a mixed side effect between ministries and agencies will arise. Fourth, it was found that there was a limit to prepare the evaluation standards for the evaluation and return of domestic security policies in the country. Therefore, in order to establish a policy for the response of domestic cyber terrorism, we set up a vision from long-term perspectives and concrete targets based on the strategic approach of the security policy, It is necessary to present an assignment and formulate an efficient execution plan. It is necessary to maintain and improve the domestic safeguards in order to be able to complement the problems through evaluation and feedback.

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Analysis on Enhancement Plan of Competitiveness of Global Port Container Terminal (글로벌 항만컨테이너터미널 경쟁력 제고 방안)

  • Song, Gyeeui
    • Journal of Korea Port Economic Association
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    • v.30 no.1
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    • pp.1-21
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    • 2014
  • Recently, GTO's rate of return to investment is decreasing. Therefore, the main purpose of this paper is to analyze empirically on enhancement of competitiveness of global port container terminal. This study deals with the terms of three competitiveness enhancement factors which are a GTO's subjective factors, a management environment factors, and a government policy factors. According to analysis results of the three competitiveness enhancement factors, a GTO's subjective factors(4.21 score) are scored at the most ones of competitiveness enhancement factors of GTO, to be compared with a management environment factors(3.94 score). with a government policy factors(3.90 score). Therefore, first of all, it is important to enhance competitiveness of GTO through as follows, a GTO's subjective factors : (1) to procure local and tranship cargo volume, (2) to promote port logistics service, (3) to retain resonable port rate by promoting terminal productivity, (4) to procure container ship firms and alliance. And, the next, we have to enhance GTO's competitiveness through considering a management environment factors, that is, fluctuation of container cargo volume, port awareness, whether function of hub port, etc., and a government policy factors, that is, smart policy of port development, smart policy of port rate, incentive policy for procuring tranship cargo, etc.

An Empirical Study on the Effective Implementation of RFID Systems in the Food Industry (식품산업의 효과적인 RFID 시스템 도입 방안에 관한 실증 연구)

  • Shin, Hwa-Sung;Han, Kyeong-Seok
    • Journal of Digital Convergence
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    • v.6 no.3
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    • pp.109-119
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    • 2008
  • Although current RFID technology can provide wide advantages in food industry, most food companies do not consider widely adopting this technology yet. This paper presents analysis of how the effective implementation of RFID systems in food industry. To Measure the affecting factors, 19 items from Ketinger & Hackbarth, ABI Research, RFID Institutes and Researcher are selected. The validity and reliability of a questionnaire were examined through factor analysis and regression analysis was done by using the introduction of RFID systems and an achievement of ROI(Return On Investment) as dependent variables and the 4 factor scores from the factor analysis as independent variables. The results show that 2 factors are not only important in the introduction of RFID systems but also 3 factors also important for an achievements of ROI in particular.

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Importance of biomass management acts and policies after phytoremediation

  • Song, Uhram;Park, Hun
    • Journal of Ecology and Environment
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    • v.41 no.3
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    • pp.93-98
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    • 2017
  • Background: Although phytoremediation is a promising method for pollution control, biomass produced by the remediation process must be managed; otherwise, it will eventually return to the environment and cause secondary pollution. Therefore, research and policy development for the post-remediation management of biomass are both required. Results: While there are many published studies of phytoremediation, research into post-remediation management is very limited. Therefore, a new study using biomass as a co-composting material was conducted and showed positive effects on soil characteristics and plant performance. However, despite its potential, research and policies to promote this form of management are still lacking. Conclusions: We suggest public engagement in support of "Post-phytoremediation management" legislation that stipulates management of biomass after phytoremediation, promotes recycling of biomass with known environmental risks, and includes specific policies developed for managers. Further research to support and inform such policies and laws is also required.

Revisiting Social Discount Rates for Public Investment

  • SONG, JOONHYUK
    • KDI Journal of Economic Policy
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    • v.39 no.2
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    • pp.75-98
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    • 2017
  • This paper aims to estimate the social discount rate (SDR) rather than dig into its theoretical foundation. As SDRs can be derived by investigating both the rate of return on investment and the social time preference rate, we estimate the marginal productivity of both private and public capital and the time preference rate based on the Euler equation. In order to provide a single representative SDR, the weighted averages of the marginal productivity and time preference rate, whose weights are determined by the flow of funds data reflecting the social demand of funds, are presented. Based on the empirical results, we argue that the marginal productivity of private capital stands in the middle of the 3% range while that of public capital varies from 4.5% to 8.6%, with the time preference rate showing a decreasing trend from 3.2% in the early 2000s to 1.2% by around 2030. The single representative SDR or the weighted SDR is estimated to be approximately 3.0~4.5% and expected to continue its downward trend for the foreseeable future.

Consumers Preference and Dissatisfaction on knitted Golf Wear (골프니트웨어의 소비자 선호도와 불만족에 관한 연구)

  • 신상무;이종림
    • Journal of the Korean Society of Costume
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    • v.51 no.4
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    • pp.97-112
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    • 2001
  • The purposes of this study were to investigate consumers preference and dissatisfied factors in knitted golf wear The 430 questionnaires were sent to consumers who live in the Seoul Metropolitan district including Pundang-city and Iisan-city, The return rate was 89.5%. Statistical devices were t-test, ANOVA, $X$2. frequency with SAS program. The results of this study were as follows: First, Preferred colors were pastel, straw yellow, and black in descending order. Preferred coordination was analogous rather than complementary coordination. The classical look with T-neck, pullover, and V-neck was preferred. The preferred materials were pure cotton and cotton/wool blend in solid colors or plain and intasia structure. There were significant differences that pure cotton was preferred the forties and fifties or housewife, and cotton blend was preferred the thirties or service jobholders. Second, dissatisfied factors were pilling, deformation and de-coloration. The pilling problem was indicated in all income levels. Customers complained about no exchange and no refund policy with sales persons'discourtesy and time delay for repairing.

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공급체인 조정 메커니즘으로서 반품계약에 관한 동적 시뮬례이션 연구

  • Kim, Tae-Hyeon;Mun, Seong-Am;Park, Jeong-Hun;Kim, In-Hu
    • 한국경영정보학회:학술대회논문집
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    • 2007.06a
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    • pp.205-210
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    • 2007
  • 본 연구에서는 분산화된 공급체인상황하에서 효과적인 조정 메커니즘으로 제시되고 있는 공급체인계약의 유형들 중에서 서적, 음반 및 컴퓨터 산업등에서 주로 사용되는 반품계약(Return Policy)에 대한 동적 시뮬레이션 모형을 구축하고, 반품비율 및 환매가 등의 계약 파라미터들이 모형의 성과에 미치는 영향과 구매자의 판매노력 및 판매자의 위험성향이 고려되는 상황하에서 반품계약의 효과성이 어떻게 바뀌는지를 분석하고자 한다. 연구의 목적은 판매노력 및 위험성향과 같은 요인들이 반품계약의 효과성에 어떠한 영향을 미치는지를 분석하는 것이며 부가적으로는 공급체인계약에 대한 동적시뮬레이션 모형을 구축하고 연구함으로서 최근 관심이 증대되고 있는 시스템다이내믹스 접근이 공급체인관리 분야의 연구에 유의하게 기여할 수 있음을 제시하고 향후 연구를 위한 기반을 다지고자 한다. 연구결과 반품계약을 시행하는 경우에 공급체인의 성과가 높으며, 반품계약과 더불어 판매자의 판매노력이 고려되는 경우에는 성과가 더욱 향상되었다. 또한 판매자가 위험회피성향을 가진 경우에는 공급체인성과가 감소하였다.

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