• Title/Summary/Keyword: Risk management factors

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A Study on the Analysis of the Risk Factors for Overseas Plant Construction Projects (해외 화공플랜트 건설사업 위험요인 영향도 분석)

  • Cho, Seung-Yeon;Kim, Young-Su
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2010.05b
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    • pp.103-108
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    • 2010
  • The purpose of this study is to analyze of the risk factors for oversea plants construction projects. For this study, risk factors data from related literature review, research organization and construction company was researched and classified under each EPC phases. In addition, a questionnaire survey by plant experts was conducted for analysis of risk weight and costs and time impact on each EPC phases. The results of this study are as follows: First, a detail design errors(engineering phase), a equipment procurement plan(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest weight factors. Second, a financing plan(engineering phase), quantity take-off bill(procurement phase), and exchange rate fluctuations(construction phase) were analyzed the highest cost impact factors. Third, detail design errors(engineering phase), a equipment procurement plan(procurement phase), and schedule management errors(construction phase) were analyzed the highest time impact factors.

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Sex Differences in Risk Factors for Generalized Anxiety Disorder in Korean Adolescents

  • Yea-Ju Jin;JooYong Park
    • Journal of the Korean Academy of Child and Adolescent Psychiatry
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    • v.35 no.4
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    • pp.258-265
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    • 2024
  • Objectives: This study aimed to examine sex differences in the risk factors associated with generalized anxiety disorder (GAD) among Korean adolescents to provide insights for drafting more effective prevention strategies. Methods: Data from 51845 middle and high school students in the 18th Korea Youth Risk Behavior Web-based Survey were analyzed. GAD was assessed using the 7-item Generalized Anxiety Disorder tool, and factors such as grade, academic performance, economic status, living arrangements, smoking, drinking, sexual experience, and physical activity were included. The prevalence of GAD and its association with these factors were compared between male and female students using chi-square tests and logistic regression. Odds ratios were compared statistically to identify sex-specific differences. Results: GAD prevalence was higher among girls (42.1%) than boys (30.1%). Both sexes showed increased GAD risk with lower academic performance, lower economic status, smoking, drinking, and sexual experience. Boys living apart from their families had a higher GAD risk, but this was not significant for girls. Additionally, smoking and drinking were associated with a higher increase in GAD risk in girls than in boys. Conclusion: This study underscores the importance of considering sex differences in the prevention of GAD among adolescents. Tailored sex-specific interventions are crucial for effective prevention and management of GAD in Korean adolescents.

A Basic Study on the Risk Assessment of Domestic Construction Companies (국내 건설업체의 위험성평가 실태조사 기초 연구)

  • Park, Hwan-Pyo;Han, Jae-Goo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.240-241
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    • 2019
  • Construction disasters have more distinctive characteristics than other industrial disasters. Since it is likely that construction disasters will spread to severe accidents, the accident mortality rate is very high compared to the disaster incidence rate. Therefore, the purpose of this study is to compare and analyze the operation status of construction risk assessment by domestic large and medium sized construction companies to prepare improvement direction of risk assessment system. The survey results for safety management experts of construction companies are as follows: Large companies have developed and utilized risk assessment systems in their respective companies, while small and medium construction companies have developed and evaluated risk factors through the Excel program. Rather than performing risk assessment tasks based on historical safety accident data, construction companies have limitations in developing risk factors and preparing solutions with suppliers for each major construction. Therefore, it is necessary to prepare a risk assessment system in the future by analyzing the types of safety accidents, such as the safety accident data of each company as well as the safety accident data.

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Idiosyncratic Volatility, Conditional Liquidity, and Cross-section of Stock Returns in Korea (고유변동성, 조건부 유동성, 그리고 주식수익률의 횡단면에 관한 연구)

  • Yun, Sang-Yong;Cho, Seong-Soon;Park, Soon-hong
    • Asia-Pacific Journal of Business
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    • v.12 no.1
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    • pp.121-134
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    • 2021
  • Purpose - This study examines whether flight-to-liquidity (FTL) explains the dynamic liquidity risk on stock returns, and whether it has a significant influence on determinants the cross-section of stock returns. Design/methodology/approach - This study suggests a new risk factor, dynamic liquidity hedge portfolio (DLP), to reflect the dynamic impact of liquidity risk on stock returns and the Fama-MacBeth 2 stage regression analysis is employed in order to analyze the data. Findings - First, the DLP factor shows more positive and significant beta for the small or illiquidity stocks. Second, the DLP shows a different influence than SMB (size risk factor), HML (value risk factor), NMP (liquidity risk factor), FTVOL (total volatility factor) in determining the cross-section of stock returns. In addition, the DLP has a statistically significant risk premium of around 5%, which is relatively larger than other risk factors. Research implications or Originality - This study has academic value in terms of newly confirming that the DLP factor has a more significant impact on cross-sectional determination of stock returns than other risk factors by proposing a conditional liquidity factor that can explain the FTL phenomenon.

Assessment of Risk Management Practices of CM Enterprise: The Need for an Enterprise-level Risk Management Framework (CM기업 현장운영 리스크 관리 실태 분석을 통한 효율적 관리 방안 제시)

  • Park, Kyungmo;Lee, Hyun Woo;Kim, Changduk
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.3
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    • pp.66-73
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    • 2014
  • The Korean construction industry has been severely impacted by the 2008 global financial crisis, which resulted in a significant reduction in the overall contract amount. For survival, many construction management (CM) companies had to adapt a strategy of lowering bid prices to maintain their competitiveness. As a result of the strategy, companies faced a number of issues including their decreased capability in risk management. However, most risk management-related studies focused on construction risk management, yet these studies lacked consideration of enterprise-level risk management practices. To fill the gap, the objectives of the present study are (1) to investigate, the risk management practices of Korean CM companies, (2) to identify factors that determine efficient enterprise-level risk management practices, and (3) to propose a module for the development of enterprise-level risk management. Lastly, the efficiency of the proposed development module was validated by using a survey.

Effects of the Perceived Risk on the Consumers′ Purchase Attitudes in the Internet Shopping Malls (인터텟 쇼핑몰에서 소비자의 지각된 위험이 구매 태도에 미치는 영향)

  • 정인근;김윤호
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2001.10a
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    • pp.184-187
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    • 2001
  • The purpose of this study is to find the perceived risk which influences consumers' purchase attitudes so that consumers' participation in electronic commerce could be enhanced. Consumer behavior involves risk in the sense that any action of a consumer will produce consequences which one cannot anticipate, and some of which are at least likely to be unpleasant. The types of perceived risks are financial risk, performance risk, social risk, psychological risk, time loss, opportunity loss, privacy risk, fashion loss, delivery risk, seller's response risk and seller's fraud risk The findings are as follows: $\circled1$ The financial risk, performance risk, time loss, delivery risk, seller's response risk and seller's fraud risk have negative effects on the consumers' purchase attitudes. $\circled2$ There is no difference in the level of perceived risk according to the demographic factors such as age, education and income level.

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A Study on the Environment Failure Mode and Effects Analysis (환경모드분석을 통한 영향분석기법의 연구)

  • Lee, Jong-Boem;Cho, Jai-Rip
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2009.10a
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    • pp.227-229
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    • 2009
  • Recent discussions in the active growth strategy based on getting a green environment, changes in the management of companies involved in environmental management is the analysis of various risk factors and the green growth at the same time the company's growth strategy is required. Thus, the corporate position on the green growth strategy based on risk management to analyze and respond to face reality, and respond to the scene of the applied methodology is required. In this study, contact the section of Environment to assess potential business risks that the EMEA Environment Mode Effects Analysis methodology through research and development company's in, contact the section of Environment to effectively analyze risk management by addressing the degree of risk assessment as a future-oriented and objective can manage is to provide technical management model.

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Construction Management Evaluation Model using Risk Index Modeling in Construction Phase (위험도 모델링을 이용한 시공단계의 감리업무 평가모델)

  • Ryu Jin-Young;Mo Yong-Woon;Kim Kyung-Rai
    • Korean Journal of Construction Engineering and Management
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    • v.1 no.3 s.3
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    • pp.89-100
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    • 2000
  • The purpose of this study is to maximize project efficiencies in construction management by analyzing hierarchical factors that effect in project supervision system, and consequently constructing managerial CSF(Critical Success Factors). For this study, the tools for evaluating operating and management abilities of site engineers are built from analyzing status and issues, deducing influence factors and rating cardinal scales of these factors from survey results. These evaluation tools are reflected to the construction supervision decision making process so that can improve project management effectiveness.

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The Effect of Strategic Recognition and Risks of IT Outsourcing on the Degree of Outsourcing (IT 아웃소싱에 대한 전략적 인식과 위험이 아웃소싱의 정도에 미치는 영향)

  • 문용은
    • Journal of the Korean Operations Research and Management Science Society
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    • v.27 no.3
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    • pp.21-40
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    • 2002
  • Recently, IT outsourcing has become a very important management strategy which implements information systems in organizations. This paper investigates the risks and strategic recognition as a key factors affecting on the degree of IT outsourcing. Specifically the risks of IT outsourcing and its four components-risk of control, risk of economical, risk of technical, risk of relational - are examined to be a negative effect on the degree of outsourcing. And strategic recognition about outsourcing is examined how to affect en the risks and the degree of IT outsourcing. To empirically test these relationships, data ere gathered from senior IT managers in 86 corporations. Results of this study show that the degree of outsourcing is strongly influenced by risk of control, risk of economical, risk of relational. But risk of technical does not influence on the degree of outsourcing. And strategic recognition about outsourcing is found that is negative effect on the risks of IT outsourcing and positive effect on the degree of IT outsourcing. The results provide a good framework to minimize the risks for IT outsourcing success.

Capital Buffer and Determinant Factors of Conventional Banks in Indonesia

  • ANISA, Anisa;SUTRISNO, Sutrisno
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.377-384
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    • 2020
  • Banking is very regulated by the government and even has to follow regulations issued by the Basel Committee on Banking Supervision, which regulates banking in the world. According to Basel III, banks must provide capital reserves called capital buffers. The purpose of this study is to examine the factors that determine capital buffer. Factors thought to affect the capital buffer studied consisted of profitability (ROA), credit risk (NPL), liquidity risk (LDR), capital adequacy in the previous period (CARt-1), management risk (NIM), and ratio of operating risk (OER). The population in this study is conventional banks listed on the Indonesia Stock Exchange, as many as 42 banks, with a sample of 40 banks taken by purposive sampling method with an observation period of four years with quarterly data (2016-2019). To test the hypotheses, regression panel data is used. After being tested, it turns out that the fixed effect model is better than the common effect and random effect. The results of the study with fixed effect models show that ROA, NPL, and OER significantly and negatively affect capital buffer. CARt-1 has a positive and significant effect on capital buffer, while LDR and NIM do not affect capital buffer.