• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.151-161
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• 2023

Purpose - In this study, we examine the factors related to the asset allocation decisions of individual investors who 1) directly invest in stocks or bonds, 2) indirectly invest in various fund products (excluding CMA and MMF), and 3) invest in both products. Design/methodology/approach - We collect a sample of 3,000 individual investors and investigate the factors influencing investment behavior, especially the diversification tendency in asset allocation, with the "Investor Behavior Survey" that is conducted jointly by the Korea Financial Investment Association and the Korea Gallup Research Institute in 2011 and 2012. Findings - Our regression analyses estimate the marginal effects of various factors such as the amount of total financial assets, monthly income, occupation, age, and gender. The results reveal that male investors with manual labor occupations were less inclined to diversify their investments compared to female investors in office jobs. Additionally, higher monthly income is associated with a greater inclination toward diversification. Therefore, if a positive relationship exists between income and educational level, we may suggest that higher educational levels lead to a greater tendency for diversification. Research implications or Originality - Interestingly, investors who engage in direct investments tend to exhibit a weaker diversification tendency as the amount of their direct investment increases. On the other hand, investors who engage in both direct and indirect investments show a weaker diversification tendency as the amount of total financial assets increases. This suggests that the investment style of investors is closely related to their diversification behavior.

• Journal of Korea Foresty Energy
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• v.18 no.1
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• pp.6-10
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• 1999

This study was conducted to examine biomass production and its allocation characteristics by the planting density for 12- year - old Pinus densiflora forma erecta Uyeki plantation located in Chilbo Experimental Forest of Seoul National University in Suwon, Kyonggj-do. Different sample trees were selected for harvest by the planting density as follows; six trees from 1.0m X 1.0m, five trees from 1.8m X 1.8m, four trees from 3.0m X 3.0m. Stem, previous year branches, current year branches, previous year needles and current year needles were weighed respectively with the stratified clipping method, and biomass production and its allocation characteristics were analyzed : (1) Total biomass of the above-ground was the highest at the planting density of 1.8m X l.8m and followed by 1.0m X l.0m. (2) The higher the planting density was, the lower the ratio of biomass in branches and needles. (3) As the planting density decreased, the moisture contents of stem and current year branches increased but those of needles and previous year branches decreased. (4) Maximum photosynthetic layer appeared in the upper portion of the tree at higher density plantation.

• Korean Medical Education Review
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• v.10 no.2
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• pp.25-44
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• 2008

Objectives: Through using of the strong research method like a Randomized Controlled Trial: RCT, we have to heighten quality of Medical Education study. I'd like to introduce "CONSORT", which stands for Consolidated Standards of Reporting Trials. Contents: Preventive Service Task Force(200l) in USA proposed Levels of evidence for enlarging evidence-based Practice: EBP. And the CONSORT was introduced, which encompasses various initiatives developed by the CONSORT Group to alleviate the problems arising from inadequate reporting of randomized controlled trials (RCTs). the CONSORT has 13 guides like these: 1. How participants were allocated to interventions 2. Scientific background and explanation of rationale 3. Eligibility criteria for participants. The settings and locations where the data were collected. 4. Precise details of the interventions intended for each group and how and when they were actually administered 5. Specific objectives and hypotheses 6. Clearly defined primary and secondary outcome measures, When applicable. any methods to enhance the quality of measurements (e.g., multiple observations, training of assessors) 7. How sample size was determined. When applicable, explanation of any interim analyses and stopping rules 8. Method used to generate the random allocation sequence, Details of any restriction [of randomization] 9. Method used to implement the random allocation sequence 10. Who generated the allocation sequence, who enrolled participants. and who assigned participants to their groups 11. Whether or not participants, those administering the interventions, and those assessing the outcomes were blinded to group assignment. If done, how the success of blinding was evaluated 12. Statistical methods used to compare groups for primary outcome(s), Methods for additional analyses, such as subgroup analyses and adjusted analyses 13. Flow of participants through each stage (a diagram is strongly recommended) Specifically, for each group report the numbers of participants randomly assigned. receiving intended treatment, completing the study protocol. and analyzed for the primary outcome. Results and Conclusion: Randomized Controlled Trial: RCT guided of CONSORT will contribute to do stronger evidence-based medical studies.

• Journal of Family Resource Management and Policy Review
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• v.10 no.3
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• pp.131-148
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• 2006

The purpose of this study is to examine the allocation of time between work and leisure by the rural elderly in Korea. The data used for this study are collected from fm households during the peak ($17^{th}\;to\;30^{th}$ June) and off-peak ($28^{th}$ November to $10^{th}$ December) farming seasons of 2005 using time diary. The sample for this study consists of 120 elderly over 65 years old living in rural area in eight provinces. The major findings are as follows. (1) The time spent of farm work by rural elderly in much longer than average work hours of elderly in general regardless of farming season. The indicates that the elderly farmers are the sustaining forces of agriculture as the urban industrial sector absorbs the younger labor force rural area. (2) There are significant differences in the work time(including form work, housework, and farm work plus house work) by gender, age, education, marital status, living arrangements. (3) The rural elderly spends less time in leisure compared to the elderly in general even during the off-peak season. (4) Especially during the peak season, time allocation between work and leisure by the rural elderly is heavily skewed, resulting in an inadequate amount of time for reproduction of labor. (5) There is only significant age difference in the amount leisure time regardless of farming season. (6) Male elderly farmers work approximately 30 minutes to 1 hour longer on farm than the females do, but the total work time (farm work plus housework) of female elderly is longer than that of the male elderly. There is no significant gender difference in the amount of leisure time during the peak season, whereas the men have more leisure than the women during the off-peak season. To conclude, the gender differences in time allocation among the rural elderly are minimal. However, the rural elderly of both genders suffers from excessive work hours and heavy workload compared to the urban counterpart.

• Journal of the Korean Data and Information Science Society
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• v.27 no.6
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• pp.1443-1452
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• 2016

In this paper, we study a sample design for survey on goodwill in retail properties to provide a protecting policy for small traders and tenants, to use basic data for a dispute case related to goodwill. Since goodwill in retail properties is occurred by individual rent company, we use the census on establishments from the Statistics Korea as population. First of all, we consider preferentially seven metropolitan cities in which there are more than half of population. Total sample size is decided as 8,000. We allocate the sample size for markets as stratum in each city using proportional formula and the sample size for industrial classifications in each market using root proportional formula. Also we compute survey weights and calculate estimators, standard errors and interval of estimators for each characteristic such as type of establishments and market in seven metropolitan cities.

• Journal of the Korean Data and Information Science Society
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• v.21 no.6
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• pp.1021-1029
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• 2010

In 2009 the former three surveys on small and medium enterprises were combined into one survey to reduce the response burden of enterprises. In this report, we study a sample design for 2009 survey on actual state of small and medium enterprises (SMEs). However, the differences between the manufacturing industries and knowledge-based service industries are so large that we need to consider separate populations in the survey. The total sample size is decided as 10,000 in new survey design for integration. We allocate the sample sizes for the first stratum based on CV and then allocate the sample sizes for the second stratum using root proportional formula. Also we calculate survey weights and propose the formula for the estimators as well as standard errors using weights for each characteristic.

• Survey Research
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• v.9 no.1
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• pp.69-85
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• 2008

Stratification is a feature of the majority of field sample design. This paper considers the multivariate stratification strategy for multipurpose sample survey with several auxiliary variables. In a multipurpose survey, stratification procedure is very complicated because we have to simultaneously consider the efficiencies of stratification for several variables of interest. We propose stratification strategy based on factor analysis and cluster analysis using several stratification variables. To improve the efficiency of stratification, we first select the stratification variables by factor analysis, and then apply the K-means clustering algorithm to the formation of strata. An application of the stratification strategy in the sampling design for the Fisher Production Survey is discussed, and it turns out that the variances of estimators are significantly less than those obtained by simple random sampling.

• KDI Journal of Economic Policy
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• v.33 no.4
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• pp.49-83
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• 2011

Ever since the UN Summit agreed on the MDGs in 2000, OECD/DAC member countries have taken poverty reduction as the main goal of their aid. To achieve this goal, all donors and recipient countries agreed on the Paris Declaration on Aid Effectiveness in 2005. To monitor and evaluate the progress in the targets of the Declaration, all donors and recipients got together periodically, and the 2011 conference was held in Busan, Korea. As part of this effort, this paper aims to assess the extent to which DAC donors have allocated their aid to achieve the MDGs during the latest millennium era: 2005-2009. In addition, to compare the aid allocation performance between DAC members and non-DAC emerging donors, this paper also assesses the aid allocation performance of Korea (KOICA) for the same period. The analysis of this paper shows evidence contrary to the recent literature findings that donors tended to select, as their aid recipients, those countries that warranted more aid on account of their acute development needs, and good policies and institutions. The difference between the recent literature and this paper is attributed to the different sample periods and/or the weaknesses of the estimation models and methods adopted in the literature. This paper shows why a different estimation method is adopted and why its estimation results are more reliable and convincing. This paper also shows the difference between DAC and non-DAC donors in the aid allocation performance by analyzing aid allocations by the representative aid agency of Korea (KOICA), and recommends some policy measures to be taken by both DAC and non-DAC donors.

• Asia-Pacific Journal of Business
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• v.13 no.4
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• pp.45-59
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• 2022

Purpose - This study investigates the performance of investment strategies incorporating estimated stock market cycle based on a lead-lag relationship between business cycle and stock market cycle, thereby deriving empirical implications on risk management. Design/methodology/approach - The data period ranges from June 1953 to September 2022 and de-trended short rate, term spread, credit spread, stock market volatility are considered as major input variables to estimate business cycle and stock market cycle by applying probit model. Based on the estimated stock market cycle, two types of strategies are constructed and their performance relative to the benchmark is empirically examined. Findings Two types of strategies based on stock market cycle are considered: The first strategy is to long(short) on stocks when stock market stage is expected to be an expansion(a recession), and the second one is to long on stocks(bonds) when expecting an expansion(a recession). The empirical results show that the strategies based on stock market cycle outperforms a simple buy and hold strategy in both in-sample and out-of-sample investigation. Also the out-of-sample evidence suggests that the second strategy which is in line with asset allocation is more profitable than the first one. Research implications or Originality The strategies considered in this study are based on the estimated stock market cycle which only depends on a few easily available financial variables, thereby making easier to establish such a strategy. It implies that investors enhance investment performance by constructing a relatively simple trading strategies if they set their position on stocks or choose which asset class to buy conditioning on stock market cycle.

• Journal of the Korean Home Economics Association
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• v.32 no.3
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• pp.63-70
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• 1994

This study investigated the factors influencing married men's time allocation in child care. A multidimensional theoritical approach employing the perspectives of economic efficiency time availability and role ideology was employed to explain variations in fathers' participation in child care. In addition the effects of several socio-demographic variables were investigated. The sample was drawn from the National Survey of Families and Households (NSFH) conducted in 1987-1988 by the Center for Demography and Ecology in University of Wisconsin-Madison. Results indicated that the time availability perspective was significantly supported and the economic efficiency perspective was partially supported. On the other hand no singificant evidence was found for the effect of role ideology on fathers' child care time. Overall demographic variables had a nonsignificant effect (except in the case of age) on the amount of fathers' participation in child care.