• 제목/요약/키워드: Risk Taking

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Market Discipline and Bank Risk Taking: Evidence from the East Asian Banking Sector

  • Hamid, Fazelina Sahul;Yunus, Norhanishah Mohd
    • East Asian Economic Review
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    • 제21권1호
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    • pp.29-58
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    • 2017
  • The third pillar of the Basel II highlights the role of market discipline in easing the existing pressure on traditional monitoring measures like capital requirement and government supervision. This study test the effectiveness of market discipline in inducing prudential risk management practices among the East Asian banks over the 1995 to 2005 period. Market discipline is measured using information disclosure and interbank deposit holdings. We find that only the latter is an effective market discipline tool. However, the former becomes effective when market concentration is higher. We find that government owned, foreign owned and recapilatised banks are subject to market disciplining when disclosure in taken account but the opposite is true when interbank deposits is taken into account. Finally, we find that banks that disclose more risk related information hold more capital against their non-performing loan. The implications of the findings are discussed.

CEO특성과 경영통제간의 적합성에 관한 연구 (A Fitness between CEO Characteristics and Management Control)

  • 정재진
    • 한국콘텐츠학회논문지
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    • 제14권7호
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    • pp.457-467
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    • 2014
  • 본 연구는 상황분석이론을 적용하여, 최고경영자(CEO)의 특성과 경영통제시스템간의 적합성이 존재할 때 기업의 조직성과에 유의적인 영향을 미치는 가를 구조방정식을 적용하여 실증 분석하고자 하였다. 이를 위해 한국의 제조기업들을 대상으로, CEO의 특성을 크게, 위험감수성향과 성취동기로 구분하였고, 경영통제시스템을 행동통제와 결과통제로 구분하였다. 그리고, 조직성과의 경우, 주로 재무적 특성을 지닌 성과를 적용하여 분석하였다. 각 변수들간의 관계에 대해 개별적 또는 종합적으로 분석하기 위해 구조방정식을 적용하여 분석하였다. 본 연구의 결과, 성취동기와 위험감수성향 중 위험감수성향은 행동통제와 결과 통제에 유의적인 양의 영향을 미치고, 위험감수성향은 행동통제에 음의 영향을 미치는 것으로 나타났다. 위험감수성향에 음의영향과 성취동기에 양의 영향을 받은 행동통제는 조직성과에 유의적인 양의 영향을 미치는 것으로 파악되었다.

한약 복용이 산후 유즙분비에 미치는 효과에 대한 체계적 문헌고찰 (A Systematic Review and Meta Analysis of Randomized Controlled Trials of the Clinical Effect on Taking a Herbal Medicine on Postpartum Lactation)

  • 이혜정;이수정;황덕상;이창훈;장준복;이진무
    • 대한한방부인과학회지
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    • 제34권3호
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    • pp.137-156
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    • 2021
  • Objectives: The purpose of this study is to assess the effect of taking herbal medicine for the postpartum lactation. Methods: We searched 9 databases for recent three years, that contained four english, two chinese, one japanese and two korean database from September 17, 2016 to December 31, 2020. Randomized controlled trials (RCTs) were eligible. Measurement of outcome included total curative effective rate, volume of lactation, volume of milk supplement, and serum prolactin concentration. The risk of bias was assessed by two independent authors using the Cochrane risk of bias tool. Results: Total 725 of studies was screened, 11 RCTs were finally selected. Number of participants per study ranged from 60 to 257. The treatment group of taking a herbal medicine is effective for improving total curative effective rate, volume of lactation, volume of milk supplement, and serum prolactin concentration compared with control group. Because most of the studies had considerable heterogeneity in terms of type of intervention and comparison for outcome measurement, meta analysis for quantitative analysis was impossible. Conclusions: This studies showed that taking a herbal medicine is effective on increasing volume of lactation and speeding up the start of the first breastfeeding. However, included studies suffered from incomplete reporting, high or unclear risk of bias and substantial heterogeneity between studies. In the Future, further high-quality RCTs are needed to prove effectiveness of herbal medicine for breastfeeding and reduce the risk of bias.

소규모 건설현장에서 위험유발요인과 안전점검이 재해 저감 대책에 미치는 인과 관계 (Causal Relationship between the Risk-inducing Factors and Safety Inspection and Accident Reduction in Small Construction Sites)

  • 문필재;공하성
    • 문화기술의 융합
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    • 제6권2호
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    • pp.55-70
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    • 2020
  • 이 연구는 소규모 건설현장 구조물 공사 참여 근로자들을 대상으로 위험유발요인과 안전점검이 재해 저감 대책에 미치는 영향을 밝히고자 하였으며, 연구결과는 다음과 같다. 첫째, 위험유발요인이 인적요인에 미치는 영향에서 작업준비와 거푸집 해체, 그리고 조치 여부, 기록유지가 통계적으로 유의미한 영향을 미쳤다. 이는 안전점검은 위험유발요인이 인적요인에 미치는 영향에서 부분 매개 효과가 있음을 알 수 있었다. 둘째, 위험유발요인이 설비적요인에 미치는 영향에서 작업준비와 조치 여부가 유의미한 영향을 미쳤다. 따라서 안전점검은 위험유발요인이 설비적요인에 미치는 영향에서 부분 매개 효과가 있음을 알 수 있었다. 셋째, 위험유발요인이 관리적 요인에 미치는 영향에서 동바리설치와 위험성 평가가 유의미한 영향을 미쳤다. 따라서 안전점검은 위험유발요인이 관리적 요인에 미치는 영향에서 부분 매개 효과가 있음을 알 수 있었다. 넷째, 위험유발요인이 작업적요인에 미치는 영향에서 동바리설치에서만 유의미한 영향을 미쳤다. 따라서 안전점검은 위험유발요인이 작업적요인에 미치는 영향에서 완전매개 효과가 있음을 알 수 있었다. 마지막으로, 위험유발요인이 재해 저감 대책에 미치는 영향에서 작업준비와 동바리설치 그리고 조치 여부가 유의수준에서 유의미한 정(+)의 영향을 미쳤다. 마지막으로 기록유지는 유의수준에서 유의미한 부(-)의 영향을 미치는 것으로 나타났다. 결론적으로 안전점검은 위험유발요인이 관리적 요인에 미치는 영향에서 부분 매개 효과가 있음을 알 수 있다.

협동조합 조합장의 변혁적 리더십과 성과의 관계 및 사내기업가정신의 매개효과 (The relationship between CEO's transformational leadership and performance, and the mediating effect of corporate entrepreneurship in cooperative)

  • 김영재;안관영;이승일
    • 대한안전경영과학회지
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    • 제19권1호
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    • pp.131-143
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    • 2017
  • The purpose of this study is to review the relationship between CEO's transformational leadership and performance, and the mediating effect of corporate entrepreneurship in entrepreneurs' cooperative. In order to verify and achieve the purposes mentioned above, questionnaire data were gathered and analysed from 379 employees of entrepreneurs' cooperative in Kangwon-do province. Empirical survey's findings are as follows; First, charisma and individual consideration appeared to be positively related with risk-taking and proactiveness. Also, intellectual stimulation appeared to be positively related with proactiveness only. Second, charisma and individual consideration appeared to be positively related with sales volume and employment increase, but intellectual stimulation appeared to be positively related with employment increase only. Third, corporate entrepreneurship(risk-taking, proactiveness) appeared to be positively related with sales volume and employment increase. Fourth, corporate entrepreneurship(risk-taking, proactiveness) had mediating effect on the relationship between CEO's transformational leadership and performance. But, intellectual stimulation had not mediating effect.

Influence of Individual Entrepreneurial Orientation on the Performance of Small and Medium Enterprises in Malaysia

  • KOE, Wei-Loon;RONI, Mastura;CHIN, Tee Suan
    • The Journal of Asian Finance, Economics and Business
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    • 제9권5호
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    • pp.325-333
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    • 2022
  • This study examined the influence of three elements of individual entrepreneurial orientation (IEO), namely innovativeness, risk-taking, and proactiveness on the performance of small and medium enterprises (SMEs). It is worth noting that SMEs have experienced low productivity, low profit, and low performance during the COVID-19 pandemic era. Although several studies have shown that entrepreneurial orientation (EO) is a key factor of company performance, few have focused on IEO. This study employed a quantitative research design because all variables were measurable. It used a questionnaire to survey 384 SMEs in the service sector and employed structural equation modeling (SEM) in data analysis. The findings suggested that SMEs' performance was influenced by risk-taking and proactiveness. This could be related to the fact that SMEs have a less formal structure, allowing owner-managers to take risks and make quick decisions. Furthermore, high performance was ensured by being very sensitive to market trends and changes in the business environment. Innovativeness was not a significant factor in influencing the performance of SMEs. Perhaps it was rather difficult for SME owner-managers to be innovative due to the lack of various resources. This study successfully re-confirmed the effect of IEO on business performance and highlighted the importance of risk-taking and proactiveness in improving the performance of SMEs.

NEYMAN-PEARSON THEORY AND ITS APPLICATION TO SHORTFALL RISK IN FINANCE

  • Kim, Ju Hong
    • 한국수학교육학회지시리즈B:순수및응용수학
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    • 제19권4호
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    • pp.363-381
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    • 2012
  • Shortfall risk is considered by taking some exposed risks because the superhedging price is too expensive to be used in practice. Minimizing shortfall risk can be reduced to the problem of finding a randomized test ${\psi}$ in the static problem. The optimization problem can be solved via the classical Neyman-Pearson theory, and can be also explained in terms of hypothesis testing. We introduce the classical Neyman-Pearson lemma expressed in terms of mathematics and see how it is applied to shortfall risk in finance.

Alcohol Consumption Behaviors and Ethnicity in Hawaii

  • Kim, Jeoung-Hee
    • Korean Journal of Health Education and Promotion
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    • 제2권1호
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    • pp.115-132
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    • 2000
  • The purpose of this study is to provide baseline information on the risk-taking health behavior of alcohol consumption in four ethnic groups, Caucasian, Chinese, Japanese, and Korean, residing in the State of Hawaii. Secondary data from the State-based Health Behavioral Risk Factor Surveillance System, designed by the Center for Disease Control, were used. The total sample analyzed for this study contained 6,068 persons. Univariate and logistic regression analysis were performed in order to determine sociodemographic profiles and the predictor variables to produce the findings of this study. The percentage distribution of six sociodemographic factors by race was very similar in all alcohol consumption factors, acute drinking, chronic drinking, and drinking and driving. In this study there were significant ethnic differences in alcohol consumption factors except drinking and driving.

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창업 전 기업가기질과 사회적 자본이 창업의도에 미치는 영향 (The Impact of Entrepreneurial Temperament and Social Capital on Entrepreneurial Intention before Start-up)

  • 윤기창;이재은
    • 산경연구논집
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    • 제8권6호
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    • pp.97-109
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    • 2017
  • Purpose - This study aimed to investigate the effect of entrepreneurial temperament (ET) such as innovativeness, risk-taking, and proactiveness in entrepreneur's lifetime before start-up and the effect of social capital (SC) such as network ties and trustworthiness on entrepreneurial intention. Research design, data, and methodology - We examined the components of ET (innovativeness, risk-taking, and proactiveness) and components of SC (network ties and trustworthiness) through existing prior research and investigated the factors that affected entrepreneurial intention. The first hypothesis of this study was that entrepreneurial temperament will have a significant impact on network ties of social capital, and the second hypothesis assumed that entrepreneurial temperament will have a significant effect on the trustworthiness of social capital. Finally, the second hypothesis assumed that social capital will have a significant impact on entrepreneurial intentions. We collected 175 data using questionnaires for people who have not yet started a start-up. And we used the Structure Equation Modeling (SEM) to evaluate the collected data and to test the research model by the two step research procedure. Results - As a result, the innovativeness and proactiveness of ET have a significant effect on network ties and trustworthiness of SC, but the effect of risk-taking on risk-taking of SC is not significant. On the other hand, network ties and network ties of SC was revealed a significant effect on the EI. Conclusions - The implications of this article could be observed as mentioned in this paper. First, we found that entrepreneurial innovativeness and proactiveness are helpful in constructing SCs, but not risk-taking. These results demonstrated that ET of entrepreneurs is important factor in the formation of social capital. Second, the SC that an entrepreneur built before the start-up has a meaning for EI. In conclusion, ET was affected partially to EI mediated SC. It is academic in that ET and SC are independent from each other and have a mediating role between ET and EI, unlike those directly affecting EI. Although some important implications were found in this study, this study had some limitations and we hope that future research will be complemented.