• Title/Summary/Keyword: Score distribution

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Association of Financial Distress and Predicted Bankruptcy: The Case of Pakistani Banking Sector

  • ULLAH, Hafeez;WANG, Zhuquan;ABBAS, Muhammad Ghazanfar;ZHANG, Fan;SHAHZAD, Umeair;MAHMOOD, Memon Rafait
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.573-585
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    • 2021
  • The banking sector is one of the most important sectors in Pakistan's struggling economy. Recent studies have recommended that suitable methods can be applied to predict bankruptcy. In this context, this work analyzes Pakistan's banking sector's financial status through the five-factor Altman Z-score model, which determines the probability of bankruptcy for an organization. Banking data has been collected through the Pakistan Stock Exchange (PSX) in the period 2013-2017. The Z-score assessment criteria is defined as: Z> 2.99 - "safe" zone; Z> 1.8 Z>2.98- "grey" zone; and Z <1.8 - "distress" zone. Results show good predictions for the local banking industry, while most foreign Pakistani banks were found bankrupt with the Z-score below 1.1. One of the financial risks investors face when investing in any company is the risk of bankruptcy. One of the most used models for predicting financial distress for any company is Altman's Z-score model. On the other hand, the Z-score analysis suggests that all banking establishments are not bankrupt because they have sufficient ability to control bankruptcy. At the same time, foreign banks failed financially and would not be able to be sustained in the future because they do not have the ability to pay the short-term and long-term debt.

Modeling the Spatial Distribution of Black-Necked Cranes in Ladakh Using Maximum Entropy

  • Meenakshi Chauhan;Randeep Singh;Puneet Pandey
    • Proceedings of the National Institute of Ecology of the Republic of Korea
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    • v.4 no.2
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    • pp.79-85
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    • 2023
  • The Tibetan Plateau is home to the only alpine crane species, the black-necked crane (Grus nigricollis). Conservation efforts are severely hampered by a lack of knowledge on the spatial distribution and breeding habitats of this species. The ecological niche modeling framework used to predict the spatial distribution of this species, based on the maximum entropy and occurrence record data, allowed us to generate a species-specific spatial distribution map in Ladakh, Trans-Himalaya, India. The model was created by assimilating species occurrence data from 486 geographical sites with 24 topographic and bioclimatic variables. Fourteen variables helped forecast the distribution of black-necked cranes by 96.2%. The area under the curve score for the model training data was high (0.98), indicating the accuracy and predictive performance of the model. Of the total study area, the areas with high and moderate habitat suitability for black-necked cranes were anticipated to be 8,156 km2 and 6,759 km2, respectively. The area with high habitat suitability within the protected areas was 5,335 km2. The spatial distribution predicted using our model showed that the majority of speculated conservation areas bordered the existing protected areas of the Changthang Wildlife Sanctuary. Hence, we believe, that by increasing the current study area, we can account for these gaps in conservation areas, more effectively.

The Analysis of 278 Cases Who were Medicated with Cheonga-won (청아원을 사용한 환자 278례에 대한 증례 분석)

  • Kang, Jae-Hui;Lee, Hyun;Choi, Joo-Young;Yoon, Kwang-Sik
    • Journal of Acupuncture Research
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    • v.28 no.1
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    • pp.93-100
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    • 2011
  • Objectives : The purpose of this study is to observe the general distribution that was medicated with Cheonga-won. Methods : The 278 patients who were medicated with Cheonga-won more than two weeks in Cheonan oriental hospital, Daejeon university from December 2007 to December 2010 were observed. The other general oriental therapys were also carried out according to individual condition. The 278 patients were analyzed according to the distribution of sex, age, the period of medication, symptoms, the change of VAS score and T-score, side effects and abnormal reactions. Results : 1. Cheonga-won was mostly used for Shin-huh, which induces lower back pain, knee pain, vertigo, dysuria, tinnitus. 2. More patients in their fifties, sixties and seventies were prescribed with the medication than those in their thirties and forties. 3. After medication with Cheonga-won, there are tendency in reduce chronic pain. 4. After medication with Cheonga-won, there are tendency in increase BMD(bone mineral density). 5. There are no side effects and abnormal reaction cases that related with Cheonga-won. Conclusions : Cheonga-won was used in Shin-huh symptoms, and may be effective in reduce chronic pain, improve Shin-huh symptoms and increase BMD.

Corporate Social Responsibility and Financial Reporting Quality: Evidence from Korean Retail Industry

  • KIM, Sang-Su;LEE, Jeong-Hwan
    • Journal of Distribution Science
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    • v.17 no.6
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    • pp.33-42
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    • 2019
  • Purpose - We investigate whether a firm's engagement in socially responsible activity affects the quality of financial reporting within the retail industry of Korean market. Recent studies argue that more socially responsible firms tend to show a better quality of financial reporting. Research design, data, and methodology - We use a variety of proxy variables related to the use of discretionary accruals and real activity manipulation to measure the quality of financial reporting. The total of environmental, social and governance score is used to represent the degree of socially responsible activity in the retail industry. We use regression models to examine whether more socially responsible firms show a higher quality of financial reporting. The sample of publicly traded Korea retail firms is analyzed from 2011 to 2016. Results - Our analysis finds supporting evidence for limited earning management via the use of discretionary accruals. We find, however, no significant relationship between the degree of social responsibility and the quality of financial reporting within chaebol affiliates unlike non-chaebol affiliates. Conclusions - Our results weakly support a better quality of financial reporting for more socially responsible firms. The results highlight the importance of firm characteristics in deciding the effect of socially responsible activity on corporate policies.

The Effects of Dispersion Parameters and Test for Equality of Dispersion Parameters in Zero-Truncated Bivariate Generalized Poisson Models (제로절단된 이변량 일반화 포아송 분포에서 산포모수의 효과 및 산포의 동일성에 대한 검정)

  • Lee, Dong-Hee;Jung, Byoung-Cheol
    • The Korean Journal of Applied Statistics
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    • v.23 no.3
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    • pp.585-594
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    • 2010
  • This study, investigates the effects of dispersion parameters between two response variables in zero-truncated bivariate generalized Poisson distributions. A Monte Carlo study shows that the zero-truncated bivariate Poisson and negative binomial models fit poorly wherein the zero-truncated bivariate count data has heterogeneous dispersion parameters on dependent variables. In addition, we derive the score test for testing the equality of the dispersion parameters and compare its efficiency with the likelihood ratio test.

Asymptotic Relative Efficiency for New Score Functions in Rank Regression Models (순위회귀모형의 새로운 스코어 함수의 효율성 연구)

  • 최영훈
    • The Korean Journal of Applied Statistics
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    • v.17 no.2
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    • pp.269-280
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    • 2004
  • We explore the selection of r and s that provides improvement over the Wilcoxon scores under the asymmetric distributions we encounter in practice. We select 0 〈 r 〈 1, s 〉 1 for right-skewed distribution and r 〉 1,0 〈 s 〈 1 for left-skewed distributions from the perspective plots. We also study the association between the desirable r and s and the test statistic for skewness.

A Comparison between Korean and Chinese Consumers in Service Quality Evaluation: Focused on the Multiplex Cinema

  • LEE, Seung-In;PARK, Yoonseo;JIN, Yanchun;ZHANG, Yan
    • Journal of Distribution Science
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    • v.18 no.8
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    • pp.89-102
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    • 2020
  • Purpose: Our purpose in this study is to compare the SERVQUAL, SERVPERF, and non-difference score measures and to find out which one is better for measuring the service quality of the multiplex cinema service. We also aim to analyze the structural relationships between service quality, customer satisfaction and customer loyalty. Methodology: For the study, we collected data from respondents who have used the multiplex cinema services and conducted an empirical test. SPSS 18.0 was used for descriptive frequency analysis, reliability analysis, and multiple regression analysis, AMOS 18.0 was used for structural equation modeling analysis of causal relationships among variables introduced in research hypotheses. Results: The main results of this study are as follows. First, we found that the non-difference score measure provided a much better model than did other service-measuring models (SERVQUAL, SERVPERF) in Korean and Chinese multiplex cinema. Second, two service-quality factors (Korea-tangibles and assurance vs. China-tangibles and empathy) between the multiplex cinema service quality factors significantly influenced customer satisfaction, which had a significant effect on customer loyalty in Korean and Chinese multiplex cinema. Conclusions: Based on the results, the authors discuss the implications and limitations of this study and future research directions at the end of the paper.

A Study on Discrimination of Watercore Apple using Transmitted Light and Effects of various Factors (투과광을 이용한 밀병 사과의 판별 가능성 및 영향인자 조사)

  • 손미령;정경원;조래광
    • Food Science and Preservation
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    • v.7 no.4
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    • pp.357-361
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    • 2000
  • Watercore influences storage and distribution industry of fruit. Therefore, the technique for nondestructive discrimination of watercore fruit is needed. This work reports about the possibility of watercore discrimination of ante using transmitted light, and the effects of various factors. CCD camera was used to capone images of each apple fruit. An excess watercore apples were higher light transmission score than little watercore apples. The accuracy fur discrimination of watercore apple was about 70% using transmitted light. Peel thickness, anthocyanin layer thickness and density of apple affected the light transmission. Apples having thin peel, thin pigment layer and low density tended to high transmitted light score. Apples of good color degree were more probability of existence watercore than ones of bad color degree. But color distribution of apple peel was not correlated with watercore.

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The Relationship Between Dental Anxiety and Main Colors of Dentists which Students of the Lower Class Elementary School draw (초등학교 저학년 아동이 그린 치과의사 그림의 주조색과 치과불안도와의 연관성)

  • Park, Eui-Jung;Lee, Jung-Hwa
    • Journal of Korean society of Dental Hygiene
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    • v.6 no.4
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    • pp.339-348
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    • 2006
  • The present paper described the relationship between dental anxiety and main colors of elementary student's drawing of dentists. This paper is based on the survey with 555 samples were chosen from a first, second and third grade students of the elementary school located in Chilgok-gun Gyeongsangbuk-do. During the survey, students were asked to picture a dentist by using 12 colors crayon randomly. And the survey result was summarized in three categories. Those are the main color(most frequently used color) distribution in the children's drawings, ratio differences of the main color in terms of gender and the anxiety score for the each color. 1. The order of main colors was blue, white, green, gray, yellow, purple, ocher yellow, orange, pink, red, black and brown from the top to bottom. 2. The main colors distribution in terms of gender, male mostly used green and black compare to female, and female mostly used pink, yellow and white compare to male(p<0.01). 3. The order of the anxiety score for main colors is black, brown, red, yellow, pink, orange, green, white, gray, blue, purple and ocher yellow form the top to bottom(p<0.01).

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Clinical efficacy of Gyeongshingangjeehwan16 according to bioimpedence analysis system (생체전기임피던스 측정법에 의한 경신강지환16의 비만개선 효과 평가)

  • Jung, Yang-Sam;Yoon, Ki-Hyeon;Choi, Seung-Bae;Yoon, Mi-Chung;Shin, Soon-Shik
    • Journal of Oriental Neuropsychiatry
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    • v.19 no.1
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    • pp.71-81
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    • 2008
  • Objective: Obesity threatens not only the problem of beauty but also health. Furthermore, it could be harmful a chronic disease to increase mortality rate. A purpose of this study is to show a effect of obesity control as developing a herbal medicine, Gyeongshingangjeehwan16 (GGEx16), in order to control obesity that is a harmful factor for healthy. Method : In order to prove the effect of GGEx16, BMI, fat distribution, fat control and fitness score which are closely related with obesity are considered as variables. Each variable is measured, for statistical analysis, using measurement implement of InBody 3.0 which applied a theory of bioimpedence analysis. Result and Conclusion : As a result of statistical analysis for four variables, it was improved that there are the improved effect for obesity because GGEx16 is statistically meaningful better than prior to taking.

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