• Title/Summary/Keyword: Risk Disclosure

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마이크로데이터 제공과 통계적 노출조절기법 (Release of Microdata and Statistical Disclosure Control Techniques)

  • 김규성
    • Communications for Statistical Applications and Methods
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    • 제16권1호
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    • pp.1-11
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    • 2009
  • 마이크로데이터를 이용자에게 제공하면 레코드 단위의 데이터가 노출되고 응답자의 정보 노출위험이 불가피하다. 통계적 노출조절기법은 통계데이터 제공시 노출위험을 줄이면서 데이터 유용성을 높이기 위한 통계적 기법이다. 본 논문에서는 노출과 노출위험, 그리고 통계적 노출조절기법을 고찰하였고 데이터 유용성과 연관하여 노출조절기법 선택 전략을 살펴보았으며, '위험-유용성 경계 지도' 방법의 예를 알아보았다. 마지막으로 마이크로데이터를 이용자에게 제공할 때 단계별로 검토할 사항을 알아보았다.

[Retracted]Relationship between Corporate Governance and Risk Disclosure: A Systematic Literature Review Using R-Tools

  • Ag Kaifah Riyard, KIFLEE;Nornajihah Nadia, HASBULLAH;Suddin, LADA;Faerozh, MADLI
    • The Journal of Asian Finance, Economics and Business
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    • 제10권2호
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    • pp.355-365
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    • 2023
  • This study examined the relationship between corporate governance and risk disclosure via a systematic literature review and bibliometric visualization analysis. The study aimed to present evidence of risk disclosure intellectual structure, volume, and development knowledge trends. Data was extracted from Scopus and analyzed with Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) guidelines and RTools. In turn, 64 articles were extracted from the Scopus database. The results demonstrated that the number of corporate governance and risk disclosure publications increased significantly from 2015 to 2019 compared to before 2015. RTools revealed the most prominent journals, authors, and interests in the field. The co-occurrences map was constructed based on 208 keywords from 64 articles, where the keywords were required to appear once in the research. Interestingly, the keyword search yielded new concepts relatively unexplored in the risk disclosure field. The 13 clusters were generated, which contained 1987 total links and 1567 direct citations. Based on the scientific analysis discussion, corporate governance and risk disclosure is an interesting topic that has produced many publications. Applying research keywords arguably aided in producing and publishing papers in top journals. Despite the number of publications decreasing due to the COVID-19 pandemic, the pandemic also presented new opportunities for future research.

The Effect of Management Disclosure and Analysis on the Stock Crash Risk: Evidence from Korea

  • Lee, A-Young;Chae, Soo-Joon
    • The Journal of Asian Finance, Economics and Business
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    • 제5권4호
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    • pp.67-72
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    • 2018
  • The purpose of this study is to investigate the effect of quality of management discussion and analysis (MD&A) disclosure on stock price crash risk. The MD&A can be seen to reflect the management's intention on public announcement and reveals directly what the management says to communicate with outside investors. A firm's high-quality MD&A implies the management's commitment to communicating with the market, not allowing the managers to have incentives to hoard unfavorable news, which if revealed to the public, may lead to downward stock price corrections, damaging corporate values. The high-quality MD&A is, thus, likely to reduce the stock price crash risk. We use a logistic regression to test whether MD&A influences crash risk using listed companies in the Korean Stock Exchange (KSE) stock market between 2010 and 2013. Findings of the empirical test show that the higher the quality of MD&A, the less likely crash risk appears, implying that the MD&A disclosed adequately can be one of the factors mitigating firm's stock price crash risk. This study has implications as it presents the MD&A disclosure as a factor influencing stock price crash risk and suggests voluntary disclosure as well as mandatory disclosure acts as a variable that explains the risk of stock price crash.

자기표현욕구와 개인정보노출우려가 자기노출의도에 미치는 영향 : 트위터를 중심으로 (Effects of Self-Presentation and Privacy Concern on an Individual's Self-Disclosure : An Empirical Study on Twitter)

  • 이새봄;판류;이상철;서영호
    • 경영과학
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    • 제29권2호
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    • pp.1-20
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    • 2012
  • While feeling anxious about the risk of exposure of personal information and privacy, users of microblogs and social network services are continuously using them. This study aims to develop a model to investigate this phenomenon. Specifically, this study explores the relationship between personal characteristics (represented by privacy concern and self-presentation) and an individual's self-disclosure. An individual's personal belief (represented by perceived risk and perceived trust) is also tested as an mediator between the relationship. Through a questionnaire survey to 183 twitter users in Korea, the results indicate that self-presentation has a direct influence on self-disclosure as well as an indirect influence through perceived trust. In contrast, privacy concern has not a direct but an indirect negative influence on self-disclosure through perceived risk. In conclusion, self-presentation has a stronger influence on self-disclosure then privacy concern to Twitter users. An individual who has a higher propensity for self-presentation will form a stronger perceived trust on Twitter, which in turn, affects the individual's self-disclosure. On the other hand, an individual who is more concerned with personal privacy will feel more serious about perceived risk, which in turn, negatively influences one's perception of the trust in Twitter as well as his desire for self-disclosure.

The Impact of An Interaction between Product Quality and Perceived Risk on Seller Profit

  • Seung HUH
    • 융합경영연구
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    • 제11권2호
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    • pp.23-32
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    • 2023
  • Purpose: This study examines the effect of full information disclosure on seller profit when there exists information asymmetry between sellers and buyers, focusing on the risk averseness of buyers. By investigating the interaction between product quality and perceived risk through online sales data, we attempt to figure out the incentive structure of full information disclosure specifically when buyers are risk-averse, so that we can suggest more feasible information disclosure strategy to sellers. Research design, data and methodology: Our empirical model analyzes the sales data of collectible goods from a major online seller using Poisson regression. In our model, we have specifically considered risk-averseness of buyers by estimating the interaction effect between the product quality and perceived risk on seller profit, aiming for a more precise empirical analysis on sellers' incentive structure of full disclosure. Results: Our empirical analysis strongly supports the effect of interaction between product quality and perceived risk, showing that the incentive for full disclosure is much stronger when product quality is higher, and vice versa. Therefore, sellers are strongly encouraged to voluntarily reveal product weaknesses when their product quality is higher than average, while it is more profitable to hide any product defects when quality claim is lower than average. Conclusions: This study supports the related literature by confirming economic incentives for full disclosure, and also supplements and strengthens previous studies by presenting that the effect of interaction between product quality and perceived risk strongly affects seller profit. Our unique finding supports both mandatory disclosure and voluntary disclosure arguments and presents practical implications to marketing managers by suggesting that seller's incentive for revealing weaknesses depends on the level of seller's product quality.

신체 정보를 활용한 사이즈 추천 서비스에 대한 소비자의 정보 프라이버시 염려와 정보 제공 의도 -프라이버시 계산 이론을 중심으로 (Effect of Consumers' Privacy Concerns on Information Disclosure Intentions for Size Recommendation Services Based on Body Information -Focusing on Privacy Calculus Theory)

  • 서상우
    • 한국의류학회지
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    • 제47권3호
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    • pp.442-458
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    • 2023
  • This study aimed to elucidate the information privacy attitudes and behaviors of users of size recommendation services based on body information. Focusing on the privacy calculus theory, the effects of information privacy concerns as well as perceived risk and benefit of information disclosure on information disclosure intention were analyzed. Consumers who used size recommendation services based on body information were surveyed from August 18 to 24, 2022. Analysis of the 251 responses collected revealed that information privacy concerns did not significantly affect information disclosure intention. Information privacy concerns had a positive effect on perceived privacy risk; however, perceived privacy risk had a negative effect on information disclosure intention, while perceived privacy benefit had a positive effect on information disclosure intention. Therefore, the privacy calculus theory confirms the existence of the privacy paradox, revealing perceived privacy benefit has a greater impact on information disclosure intention than perceived privacy risk.

정보공개 환경에서 개인정보 보호와 노출 위험의 측정에 대한 통계적 방법 (Review on statistical methods for protecting privacy and measuring risk of disclosure when releasing information for public use)

  • 이용희
    • Journal of the Korean Data and Information Science Society
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    • 제24권5호
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    • pp.1029-1041
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    • 2013
  • 최근 빅데이터의 등장과 정보 공개에 대한 급격한 수요 증가에 따라 자료를 일반에게 공개할 때 개인 정보를 보호해야 하는 필요성이 어느 때보다 절실하다. 본 논문에서는 마이크로 자료와 통계분석 서버를 중심으로 현재까지 제시된 개인정보 노출제한를 위한 통계적 방법, 정보 노출의 개념, 노출 위험을 측정하는 기준들을 개괄적으로 소개한다.

오픈 데이터 환경에서 개인정보 노출 위험 측정을 위한 통계적 방법론 연구 (A Statistical Methodology Study for Measuring Privacy Disclosure Riskin Open Data Environment)

  • 김시은;엄익채
    • 정보보호학회논문지
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    • 제34권2호
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    • pp.323-333
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    • 2024
  • 최근 합성데이터는 실제 데이터의 패턴과 특성을 유지하면서도 프라이버시 유출을 예방할 수 있는 기술로 각광받고 있다. 그에 따라 합성데이터 활용에 대한 기술적 및 제도적 연구가 활발하게 진행되고 있지만, 명확한 표준과 지침이 부재하여 합성데이터 기술의 적극적 활용이 어렵다. 본 연구는 합성데이터의 개인정보 노출 위험 정량화를 위한 전초적 연구로 통계적 방법론을 활용하여 개인정보 노출 위험 정량화 지수를 도출하고 유럽 개인정보 보호 규정(General Data Protection Regulation)를 준수하기 위한 구체적인 적용 방안을 제시한다. 오픈 데이터 환경에서 본 연구의 개인정보 노출 위험 지수를 통해 개인정보 노출 위험을 인식하고 데이터 활용성과의 균형을 조절할 수 있을 것으로 기대한다.

공시품질이 주가급락에 미치는 영향: 불성실공시 지정기업을 대상으로 (The Impact of Disclosure Quality on Crash Risk: Focusing on Unfaithful Disclosure Firms)

  • 유혜영
    • 산경연구논집
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    • 제10권6호
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    • pp.51-58
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    • 2019
  • Purpose - Prior studies reported that the opacity of information caused stock price crash. If managers fail to disclose unfavorable information about the firm over a long period of time, the stock price is overvalued compared to its original value. If the accumulated information reaches a critical point and spreads quickly to the market, the stock price plunges. Information management by management's disclosure policy can cause information uncertainty, which will lead to a plunge in stock prices in the future. Thus, this study aims at examining the impact of disclosure quality on crash risk by focusing on the unfaithful disclosure firms. Research design, data, and methodology - This study covers firms listed on KOSPI and KOSDAQ from 2004 to 2013. Firms excluded from the sample are non-December firms, capital-eroding firms, and financial firms. The financial data used in the research was extracted from the KIS-Value and TS2000 database. Unfaithful disclosure firm designation data was collected from the Korea Exchange's electronic disclosure system (kind.krx.co.kr). Stock crash is measured as a dummy variable that equals one if a firm experiences at least one crash week over the fiscal year, and zero otherwise. Results - Empirical results as to the relation between unfaithful disclosure corporation designation and stock price crashes are as follows: There was a significant positive association between unfaithful disclosure corporation designation and stock price crash. This result supports the hypothesis that firms that have previously exhibited unfaithful disclosure behavior are more likely to suffer stock price plunges due to information asymmetry. Second, stock price crashes due to unfaithful disclosures are more likely to occur in Chaebol firms. Conclusions - While previous studies used estimates as a proxy for information opacity, this study used an objective measure such as unfaithful disclosure corporation designation. The designation by Korea Exchange is an objective evidence that the firm attempted to conceal and distort information in the previous year. The results of this study suggest that capital market investors need to investigate firms' disclosure behaviors.

스마트폰 위치기반서비스에서 정보제공의도 : 프라이버시 계산 관점을 중심으로 (Intention to Disclose Personal Information in LBS : Based on Privacy Calculus Perspective)

  • 김종기;김상희
    • 한국정보시스템학회지:정보시스템연구
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    • 제21권4호
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    • pp.55-79
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    • 2012
  • LBS(Location-Based Service) is one of the smartphone application services which has been receiving great attention recently. Various applications of smartphone use LBS to provide innovative services. However, use of LBS raises privacy concerns because the location information of users is constantly exposed. Privacy calculus perspective attempts to understand the characteristics of the user's privacy. It is based on the risk-benefit analysis in the economics' perspective. That is, when the benefit expected through personal information disclosure is higher than risk, we are willing to provide personal information. This research suggested a research model based on the privacy calculus perspective to clarify the effect of information disclosure intention of smartphone LBS application users. Based on the main factors of privacy calculus, perception of privacy risk and privacy benefit, the relationship of the perceived value and the information disclosure intention was empirically analyzed by utilizing structural equation modeling(SEM) methodology. According to the results of the empirical analysis, it was found that all relations have statistically significant explanatory power except the relation between privacy concern and information disclosure intention. This study showed a strong evidence of antecedent factors based on privacy calculus of personal information disclosure in smartphone LBS applications.