• Title/Summary/Keyword: Risk Sharing

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An Empirical Study on Intention of the Sharing Economy Services (공유경제 서비스의 이용의도에 관한 실증 연구)

  • Cho, Yeon-Soo;Jeong, Yong-Gil
    • The Journal of the Korea Contents Association
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    • v.19 no.3
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    • pp.183-196
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    • 2019
  • Economy is transforming from the ownership of goods and services to the use or sharing of ideas, goods and services these days. This is called as 'sharing economy', it has attracted as a economic paradigm a great deal of attention in recent years. The purpose of this study is to find out the influencing factors of the intention of using the sharing economy services. This study defined the success factors of the sharing economy services as the intention of using it, and presented usefulness, enjoyment, and risk as influencing factors. The attitude and trust are also the important intervening variables of using the sharing economy services. This study proposed 8 hypothesis on the relationships of these variables. The data were collected through an internet survey. The sample size is 250. The data obtained were analyzed using SPSS, AMOS for windows. The results showed that usefulness has a significant effect on attitudes, enjoyment has a significant influence on attitude and trust, risk has a significant effect on trust. However, it was confirmed that usefulness does not affect trust, and that risk does not affect attitudes.

The Effects of Sectoral Composition on the Consumption Risk-Sharing via Capital Market for the US case (미국의 주별 산업구조가 소비위험 분산에 미치는 영향에 관한 연구)

  • Lee, Jaehwa;Song, Jeongseok
    • International Area Studies Review
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    • v.13 no.3
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    • pp.51-71
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    • 2009
  • We pursue empirically influential determinants of risk-sharing across various groups in the United States. We consider all the possible combinations out of the eight BEA economic regions and relate the risk-sharing measure for each group to sectoral composition difference under the control of the state-level macroeconomic and financial characteristics. Our results show that more active risk-sharing via cross-ownership market is observed in groups exhibiting more different sectoral composition. The evidence implies that, given other economic and financial conditions equal, economic union tends to share more consumption risk among its members that are more heterogeneous in their sectoral composition. These days, many countries aim to form FTA and other forms of economic integration. We suggest that they should pay attention to sectoral composition for member countries to minimizes income shock in the integrated economy.

Factors that Influence the Sharing Intention of Vehicle and Sharing Behavior in China (중국에서의 자동차 공유의도 요인과 공유 행동에 관한 연구)

  • Zhang, Ji-Yun;Lee, Sang-Joon;Choi, Eun-Bok
    • Journal of Convergence for Information Technology
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    • v.7 no.4
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    • pp.195-203
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    • 2017
  • Sharing economy which is sharing and borrowing goods, space, and services as a social and economic activity based on the Internet and smart phones is a new research topic in convergence area. The most representative areas of shared economy are space sharing and vehicle sharing. This paper aims to explore the factors affecting sharing intention of vehicle. We have identified the independent variables which include economic benefit, social benefit, social influence, psychological benefit and perceived risk. We also have done how these variables affect on sharing intention. Unlike Korea, in China vehicle sharing is legally allowed and has a large scale economy. To prove the hypothesis, we performed questionnaire investigation in China and analyzed with SPSS program. The result of hypothesis is the followings: The economic benefit, psychological benefit, social influence and perceived risk are affects sharing intention, and social benefit is not affect sharing intention and sharing intention is affect sharing behavior.

A Study on Factors that Affect Intention to Use Accommodation Sharing Service (숙박공유서비스 이용의도에 영향을 미치는 요인에 관한 연구)

  • Yun, Jeong-Hwan;Lee, Sang-Joon
    • The Journal of Information Systems
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    • v.26 no.3
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    • pp.187-209
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    • 2017
  • Purpose The sharing economy is the most important keyword that is changing the paradigm of the world economy and management, and it was selected as one of 10 ideas to change the world in 2011 in Time magazine. The purpose of this study is to verify the structural relationship between perceived value and risk, network effect, usefulness, trust, and intention to use of accommodation service. In addition, the effects of utility and trust, and the experience of using accommodation service are controlled by the effect of empirical value and reciprocal value among the perceived value of sharing economic service, The purpose of this study is to propose a plan to activate the accommodation sharing service. Design/methodology/approach This study was designed to investigate the structural relationship between perceived value, perceived risk, network effect, usefulness, trust, and intention to use. Empirical analysis was done using SPSS 21.0 and AMOS 21.0 Findings Based on the results of this study, the following conclusions can be drawn. First, it was concluded that the higher the economic value of the accommodation sharing service is, the more useful and reliable the service is. Second, the higher the experiential value of the accommodation sharing service is, the higher the usefulness and reliability of the service are. Third, it was concluded that the higher the value of the mutual benefit of the accommodation sharing service is, the higher the trust level of the service is, but not the usefulness of the service. Fourth, it was concluded that the higher the perceived risk of accommodation sharing service is, the lower the service trust level is, but the service usability is not affected. Fifth, it was concluded that the larger the network effect of the accommodation sharing service is, the more useful the service is, but it does not affect the reliability of the service. Sixth, it was concluded that the higher the overall reliability of the accommodation sharing service is, the higher the usefulness of the service is. Seventh, it was concluded that the higher the overall usefulness and reliability of the accommodation sharing service are, the higher the intention to use the sharing service is. Finally, in order to test the effect of the experience on the use of trust and usefulness of the accommodation sharing service, multiple group analysis was conducted to examine the relationship between trust and usefulness, It is shown that there is a moderating effect in the path.

The Impact of Backstage Information on Consumer Responses for Fashion Sharing Economy Service (무대 후면(Backstage) 정보 제공이 패션 공유경제 서비스에 대한 소비자 반응에 미치는 영향)

  • Kim, Taeyoen;Lee, Ha Kyung;Choo, Ho Jung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.45 no.4
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    • pp.612-629
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    • 2021
  • This research started from hypothesizing that people hesitate to use a fashion sharing economy service due to the consumers' concerns or fears about contagion. The study explores how backstage information can affect consumers' responses to this service, especially their perceived risk and transparency. An online experiment was conducted to test the research questions through Amazon MTurk. The data of 351 participants in total were analyzed. The results show that backstage information, presenting hidden information with images of various product journeys, from packaging to return and laundry, had a positive effect on transparency as well as perceived risk. Both transparency and perceived risk positively affected the service's perceived honesty, and honesty also positively affected consumer engagement. Through the findings that providing backstage information had a positive effect on perceived risk, but the risk had a positive effect on perceived honesty, we can expect the reaction to the information itself to possibly be negative. However, consumers can consider the service as honest at least, which opens the possibility of expecting positive consumer attitudes or responses in a market in the near future.

Risk-sharing Strategies on EPC Contracts: Lessons-learned from Sabine Pass Liquefaction Project

  • Yoon, Sang-Moon;Lee, Jung-Heon;Lee, Eul-Bum
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.629-630
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    • 2015
  • 'Sabine Pass Liquefaction Project (SPL Project)', a case study in this report, is the first construction project of a U.S. liquefaction facility for shale gas export overseas. This study analyzes the SPL Project to give understanding and a guideline to Korean EPC companies by benchmarking about effective risk-sharing strategies on EPC contracts. This study consists of three parts. The first summarizes the liquefaction process adopted on the SPL Project, named the 'ConocoPhillips Optimized Cascade Process', and compares it with other competitive liquefaction processes. The second introduces the unique features of the SPL EPC contract by comparing it with two other EPC forms of contracts: a FIDIC Silver Book for onshore plant projects and a contract of an offshore oil production (FPSO) project. The third focuses on the complexity of project financing (PF), especially lenders control and impact on the EPC contract such as covenant provisions to constrain variations and changes on the EPC Contract. From these conclusions, it is anticipated that this case study can provide a guideline for successful performance of Korean EPC contractors overseas.

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Analyzing the Dysfunction of Fully Shared Stock Information in a Supply Chain with Competiting Retailers (경쟁적 소매상으로 구성된 공급사슬에서 정보공유의 역효과에 관한 연구)

  • Seo, Yong-Won
    • Journal of the Korean Operations Research and Management Science Society
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    • v.37 no.3
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    • pp.95-116
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    • 2012
  • The purpose of this paper is to show the effect of information sharing strategy on the supply chain performances. While traditional information sharing models assumed centralized stock information, recent supply chain practices often implement fully shared stock information, where real-time stock information is accessible on retailers. When retailers are competing with each other, this fully shared stock information may incur retailers' strategic order behaviors. Thus, this paper analyzes a simple two-level supply chain consisting of one warehouse and two identical competing retailers where the real time stock information is fully shared. The warehouse uses the traditional echelon stock policy. Under this environment the retailers' reorder decisions are derived using the order risk concept and the retailer competition mechanism is analyzed. Computational results show that the supply chain performace degradation in the fully shared stock information is quite significant, implying the importance of designing information sharing strategies in the supply chain design phase.

A Study on Structuring of Information Sharing Platforms Based on Risk Communication Theory (위험커뮤니케이션 이론에 기반을 둔 정보공유 플랫폼 구조화 연구)

  • Yoo, Ji-Yeon;Park, Hyang-Mi
    • Convergence Security Journal
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    • v.19 no.2
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    • pp.59-72
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    • 2019
  • In this day and age physical and cyber boundaries have converged due to the development of new technologies, such as the Internet of Things (IoT) and the Cyber Physical System (CPS). As the relationship between physical system and cyber technology strengthens, more diverse and complex forms of risk emerge. As a result, it is becoming difficult for single organization or government to fully handle this situation alone and cooperation based on information sharing and the strengthening of active defense systems are needed. Shifting to a system in which information suitable for various entities can be shared and automatically responded to is also necessary. Therefore, this study tries to find improvements for the current system of threat information collecting and sharing that can actively and practically maintain cyber defense posture, focusing particularly on the structuring of information sharing platforms. To achieve our objective, we use a risk communication theory from the safety field and propose a new platform by combining an action-oriented security process model.

Risk Sharing in the Commercialization Step of National R&D Project

  • Han, Kyeong-Hee;Kim, Soung-Hie
    • Journal of Korean Institute of Industrial Engineers
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    • v.12 no.1
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    • pp.147-155
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    • 1986
  • Nations, especially developing countries, hope to license the technology developed at the expense of government Research and Development (R&D) investment to the corresponding firms for commercial exploitation. Since commercial process is owing to lots of risk, firms have to grope the possibility of forming a partnership in order to reduce the risk. Therefore, a joint venture between firms would be needed to share the risk. This methodology suggests a way that probabilistic information of commercial project payoffs can be obtained using experts in project evaluation committee and the ratio of individual firm's investment size can be derived using risk sharing concept. Also simple examples are given.

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Consumer use of social media for food risk information: Survey findings in the United States and implications for the Korean context

  • Shim, Min Sun
    • Korean Journal of Health Education and Promotion
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    • v.33 no.3
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    • pp.83-93
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    • 2016
  • Objectives: This study aimed (1) to share findings from the U.S. on customer use of social media for information seeking and sharing about food recall risks, and (2) to discuss the implications of the findings for the context of food safety and risk communication in Korea. Methods: A cross-sectional survey was conducted with 1,026 social media users aged 18 years or older in the U.S., recruited from the Knowledge Network's nationally representative panel. Results: About 26 percent of respondents used social media either to seek or share food recall information in the past year, with social networking sites being the most popular tool. With respect to social media use for information seeking, being married, perceived risk of getting foodborne diseases, and trust in Internet were significant, positive predictors; being Whites and trust in health professionals were negative predictors. Social media use for information sharing was positively associated with education, being married, foodborne disease history, and perceived risk of foodborne diseases; Whites, income, and trust in health professionals were negative predictors. Conclusions: The study gives theoretical, methodological, and practical implications for the context of food safety and risks in Korea.