• Title/Summary/Keyword: Social Bond

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Status, Challenges and Strategic Directions for the ESG Bond Market in Korea (ESG 채권 현황 및 활성화 방안에 관한 연구)

  • Kang, Yun-Sik;Chung, Jay M.
    • Asia-Pacific Journal of Business
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    • v.11 no.1
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    • pp.45-60
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    • 2020
  • Recently, ESG bond issuance has been gradually spreading to banks and non-financial private companies in Korea. However, the Korean ESG bond market is still in its infancy in terms of size, diversity and investor base compared to the global ESG bond market. In other words, ESG bonds are rapidly forming in the global market, but are still in the formation stage in the domestic market, and various policy and practical measures such as system, incentives, and infrastructure are needed to activate them. In this paper, we examine the domestic and international status of ESG bonds in relation to responsible investment. In addition, this paper explores specific measures to revitalize the domestic ESG bond market in four aspects: establishing ESG bond standards, procedures and regulations, increasing ESG bond investment demand, increasing ESG bond issuance, building market infrastructure and market efforts. This study is expected to contribute to the development of the domestic ESG bond market and responsible investment.

Mediating Roles of Attachment for Information Sharing in Social Media: Social Capital Theory Perspective (소셜 미디어에서 정보공유를 위한 애착의 매개역할: 사회적 자본이론 관점)

  • Chung, Namho;Han, Hee Jeong;Koo, Chulmo
    • Asia pacific journal of information systems
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    • v.22 no.4
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    • pp.101-123
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    • 2012
  • Currently, Social Media, it has widely a renown keyword and its related social trends and businesses have been fastly applied into various contexts. Social media has become an important research area for scholars interested in online technologies and cyber space and their social impacts. Social media is not only including web-based services but also mobile-based application services that allow people to share various style information and knowledge through online connection. Social media users have tendency to common identity- and bond-attachment through interactions such as 'thumbs up', 'reply note', 'forwarding', which may have driven from various factors and may result in delivering information, sharing knowledge, and specific experiences et al. Even further, almost of all social media sites provide and connect unknown strangers depending on shared interests, political views, or enjoyable activities, and other stuffs incorporating the creation of contents, which provides benefits to users. As fast developing digital devices including smartphone, tablet PC, internet based blogging, and photo and video clips, scholars desperately have began to study regarding diverse issues connecting human beings' motivations and the behavioral results which may be articulated by the format of antecedents as well as consequences related to contents that people create via social media. Social media such as Facebook, Twitter, or Cyworld users are more and more getting close each other and build up their relationships by a different style. In this sense, people use social media as tools for maintain pre-existing network, creating new people socially, and at the same time, explicitly find some business opportunities using personal and unlimited public networks. In terms of theory in explaining this phenomenon, social capital is a concept that describes the benefits one receives from one's relationship with others. Thereby, social media use is closely related to the form and connected of people, which is a bridge that can be able to achieve informational benefits of a heterogeneous network of people and common identity- and bonding-attachment which emphasizes emotional benefits from community members or friend group. Social capital would be resources accumulated through the relationships among people, which can be considered as an investment in social relations with expected returns and may achieve benefits from the greater access to and use of resources embedded in social networks. Social media using for their social capital has vastly been adopted in a cyber world, however, there has been little explaining the phenomenon theoretically how people may take advantages or opportunities through interaction among people, why people may interactively give willingness to help or their answers. The individual consciously express themselves in an online space, so called, common identity- or bonding-attachments. Common-identity attachment is the focus of the weak ties, which are loose connections between individuals who may provide useful information or new perspectives for one another but typically not emotional support, whereas common-bonding attachment is explained that between individuals in tightly-knit, emotionally close relationship such as family and close friends. The common identify- and bonding-attachment are mainly studying on-offline setting, which individual convey an impression to others that are expressed to own interest to others. Thus, individuals expect to meet other people and are trying to behave self-presentation engaging in opposite partners accordingly. As developing social media, individuals are motivated to disclose self-disclosures of open and honest using diverse cues such as verbal and nonverbal and pictorial and video files to their friends as well as passing strangers. Social media context, common identity- and bond-attachment for self-presentation seems different compared with face-to-face context. In the realm of social media, social users look for self-impression by posting text messages, pictures, video files. Under the digital environments, people interact to work, shop, learn, entertain, and be played. Social media provides increasingly the kinds of intention and behavior in online. Typically, identity and bond social capital through self-presentation is the intentional and tangible component of identity. At social media, people try to engage in others via a desired impression, which can maintain through performing coherent and complementary communications including displaying signs, symbols, brands made of digital stuffs(information, interest, pictures, etc,). In marketing area, consumers traditionally show common-identity as they select clothes, hairstyles, automobiles, logos, and so on, to impress others in any given context in a shopping mall or opera. To examine these social capital and attachment, we combined a social capital theory with an attachment theory into our research model. Our research model focuses on the common identity- and bond-attachment how they are formulated through social capitals: cognitive capital, structural capital, relational capital, and individual characteristics. Thus, we examined that individual online kindness, self-rated expertise, and social relation influence to build common identity- and bond-attachment, and the attachment effects make an impact on both the willingness to help, however, common bond seems not to show directly impact on information sharing. As a result, we discover that the social capital and attachment theories are mainly applicable to the context of social media and usage in the individual networks. We collected sample data of 256 who are using social media such as Facebook, Twitter, and Cyworld and analyzed the suggested hypotheses through the Structural Equation Model by AMOS. This study analyzes the direct and indirect relationship between the social network service usage and outcomes. Antecedents of kindness, confidence of knowledge, social relations are significantly affected to the mediators common identity-and bond attachments, however, interestingly, network externality does not impact, which we assumed that a size of network was a negative because group members would not significantly contribute if the members do not intend to actively interact with each other. The mediating variables had a positive effect on toward willingness to help. Further, common identity attachment has stronger significant on shared information.

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The Study on Social Capital and Community Sense Formation for the Sustainability of Fashion Social Enterprises (패션 사회적 기업의 지속가능성을 위한 사회적 자본 및 공동체의식 형성에 대한 연구)

  • Na, Younkue
    • Journal of Fashion Business
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    • v.19 no.5
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    • pp.157-174
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    • 2015
  • This research intends to observe the effects of social capital regarding fashion social enterprises on the community sense of participating consumers, and verify the relationship of the effects that such social capital and community sense have on sustainability formation variable(shared values, suitability of values, behavioral flow, cognitive belief and long-term relationship orientation) of social enterprises. For such analysis, a sample of 400 consumers with experience of purchasing products of fashion social enterprises more than once was utilized, and path analysis was conducted utilizing AMOS 20.0. As a result of this research, first, information sharing, social participation among the characteristic factors of social enterprises' social capital had a meaningful impact on shared values, and self-pursuit and significance meaningfully affected the suitability of values. Second, mutual influence, sense of belonging, satisfaction of needs and emotional bond among the characteristic factors of community sense between social enterprises and consumers meaningfully affected shared values, whereas mutual influence, sense of belonging and emotional bond substantially influenced suitability of values. Third, shared values and suitability of values affected the relationship between behavioral flow and cognitive trust, and behavioral flow and cognitive trust both had meaningful impact on long-term relationship orientation.

A Converged Study about Influences of Job Stress, Job Security, Depression, Family Bond, Subjective Health Status, Social Support on Quality of Life in Married Middle-Aged Male (기혼 중년 남성의 직업스트레스, 직업 안정성, 우울, 가족유대감, 주관적 건강상태, 사회적 지지가 삶의 질에 미치는 영향에 대한 융합적 연구)

  • Kim, Hyang-Soo;Kim, Song-Soon
    • Journal of the Korea Convergence Society
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    • v.8 no.3
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    • pp.101-114
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    • 2017
  • This is the study of descriptive research to look into influence factors about how married middle-aged male' job stress, job security, depression, family bond, subjective health status and social support have an effect on the quality life. We collected data by giving questionnaires to 149 middle-aged males between the ages of 40 to 49, living B & D metropolitan city and J city, and used the SPSS/WIN18.0 version to analyze. The correlated factors of quality of life included job stress(r=-.544, p<.001), depression(r=-748, p<.001), job security(r=.566, p<.001), subjective health status(r=.537, p<.001), family bond(r=.712, p<.001) and social support(r=.739, p<.001). Factors influencing quality of life are depression, social support, family bond, subjective health status, current employment period and regular exercise. Therefore, a good quality middle-aged life, it will be needed to lower the depression, expand the social support system, improve family bond and subjective health status, increase employment period.

A Study on the Metal-Ceramic Bond Strength of CAD/CAM Metal Disk Alloy and Casting Alloy (CAD/CAM 전용 금속 합금과 주조용 합금의 세라믹 결합강도에 관한 연구)

  • Jung, Hyo-Kyung;Kwak, Dong-Ju
    • Journal of Technologic Dentistry
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    • v.35 no.2
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    • pp.89-95
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    • 2013
  • Purpose: The purpose of this study was to evaluate bond strength of Metal Disk alloy and casting alloy. Methods: Metal specimens were divided into 4 groups for each alloy. Three point flexural test were used to measure the bond strength of CAD/CAM metal alloy and casting alloy. Statistical analysis was done using the Statistical Package for Social Sciences version 19.0 for Windows. As for the analysis methods, the study used Kruskal-Wallis test. Results: The average bonding strengths of Group 1 to porcelain was $36.7{\pm}9.90$ MPa, Group 2 to porcelain was $37.68{\pm}4.51$ MPa, Group 3 to porcelain was $36.43{\pm}6.57$ MPa, Group 4 to porcelain was $42.88{\pm}6.81$ MPa, Each group was not significantly different. Conclusion: Bond strength of Casting alloy is equal to or higher than bond strength of CAD/CAM Metal Disk alloy. Alloy clinical bond strength is 25 MPa, So CAD/CAM Metal Disk alloy can be used as dental material.

THE TENSILE BOND STRENGTH AND ELASTIC MODULUS OF THE SOFT DENTURE LINING MATERIALS (연성 의치상 이장재의 인장결합 강도와 탄성계수에 관한 연구)

  • Kim, Byung-Jin;Koh, Jun-Won;Lee, Yong-Keun;Cho, Hye-Won
    • The Journal of Korean Academy of Prosthodontics
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    • v.35 no.3
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    • pp.458-469
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    • 1997
  • This study was to compare the tensile bond strength and flexibility of four different soft liners(Coe-Soft, Soft Relining, Soft-Liner, Dura Base Soft) before & after thermocycling. Each soft liner was bonded to denture base resin block, and measured the tensile bond strength and modulus of elasticity using Universal testing machine. The mean value of tensile bond strength and modulus of elasticity for each experimental groups were statistically processed by SPSS(Statistical Package of Social Science). The obtained results were as follows : 1. Dura Base Soft had the highest tensile bond strength and Coe-Soft had the lowest tensile bond strength. 2. Coe-Soft had the lowest modulus of elasticity, and Dura Base Soft had the highest modulus of elasticity. 3. Thermocycling had no effects on the tensile bond strength and modulus of elasticity of all the soft liners. 4. The failure modes of Coe-Soft, Soft Relining, Soft Liner were mainly cohesive failure, and that of Dura Base Soft were mainly adhesive failure.

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A Study on the Evolution of Image Making through Costumes in the '007' Film Series ('007' 시리즈 영화 의상의 시대별 이미지 연출에 관한 연구)

  • Jang, Sung-Eun
    • Journal of the Korean Society of Costume
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    • v.59 no.1
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    • pp.106-118
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    • 2009
  • This research is about the changes in the images of Bond and Bond Girl in '007' Series. And it examined through the social background of England from 1960s to 2000s and the costume in the film. The results were as follows: As the era of young fashion was opened after 1960, there was a big change, but Bond was expressed as a hero who had strong male chauvinism of the English aristocratic circles. However, after 1990s, he wore comfortable clothes and he underwent all sorts of hardships. On the other hand, Bond Girl had the image of a sexual target. However, after 1990s, she had sharp appearance and smart brain. Besides, she had professional ideas of a given work and she was changed into a healthy image. Second, Bond's job was an English secrete agent, but Bond Girl had no particular job in 1960s. In 1980s, various professional jobs appeared and in 1990s and 2000s, the professional job which was directly related with Bond's duties appeared. Third, Bond's upper class image was expressed by tuxedo, suit, black, gray, navy, beige, brown, and ivory. His hair was 2:8 parting or Dandy all black style produced his dignified and neat image. After 1990s, he often had casual dress, which created a comfortable image. Bond Girl was expressed feminine style by bikini, underwear, long dress, sky-blue, violet, black, simple costume. After 1990s, she wore a suite, one-piece, or a combat uniform, which showed her professionalism. especially Bond Girl's red dress was used as a psychological color to express temptation, enemy, and betray.

Characteristics and Types of Social Impact Bond (사회성과연계채권(Social Impact Bond) 운영구조의 유형화)

  • Noh, Hyejin
    • Korean Journal of Social Welfare Studies
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    • v.47 no.4
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    • pp.333-360
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    • 2016
  • Social Impact Bonds(SIBs) has emerged as a promising way to finance proven social services programs, fund what works, and drive government accountability and has increased fast. In this context, this study examines and classifies the structure of SIB focusing key criteria of the main steps through two-step cluster analysis. Analysis results are as follows. First, the main commissioners of SIB are the ministries of the central government. And in terms of the stage of invest, there are usually two or three investors mainly consisting of social finance organizations. Second, in terms of target and age of SIB beneficiaries, it focuses on the adolescent and youth. Third, in the outcome evaluation stage, the results show that in most cases outcome payments are determined by a validation of service provider or government administrative data. However, the rate of payments are based on the comparison of the program beneficiaries to other comparable groups is 23.8%. Finally, The results of two-step cluster analysis are as; 'mix of central government and social finance organization', 'multiple agent including private organization', and 'multiple social provider'. Among three types, 'multiple agent including private organization' shows the most active participation between agents and the most systematic outcome measurement and management. The results of this study imply that the importance of the method to manage and measure outcome in SIB structure. Moreover, the consist of commissioners or investors is needed to expanded more.

Effect of the Rebar Corrosion Rate on Bond Strength in Reinforced Concrete - Factors caused by compressive strength and embedded rebar condition - (철근의 부식도가 콘크리트의 부착강도에 미치는 영향 - 콘크리트 강도와 철근매입 조건을 인자로 하여 -)

  • 김현욱;지남용;윤상천
    • Proceedings of the Korea Concrete Institute Conference
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    • 2002.10a
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    • pp.537-542
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    • 2002
  • The social trouble to the durability of concrete rises recently because the embedded rebar corrosion influences concrete structures to deteriorate structural capacity. And also, the rebar corrosion causes crack of concrete, decrease of steel section and separation of covering concrete. In the result, the bond strength of concrete and embedded rebar decreases, which causes deterioration of the structure behavior in reinforced concrete. In this study, the relation of bond strength and bond-slip was understood to evaluate capacity deterioration of reinforced concrete, and experiments were carried out by compressive strength and embedded rebar condition in the rebar corrosion rate.

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Evaluation of interest rate-linked DLSs

  • Kim, Manduk;Song, Seongjoo
    • Communications for Statistical Applications and Methods
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    • v.29 no.1
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    • pp.85-101
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    • 2022
  • Derivative-linked securities (DLS) is a type of derivatives that offer an agreed return when the underlying asset price moves within a specified range by the maturity date. The underlying assets of DLS are diverse such as interest rates, exchange rates, crude oil, or gold. A German 10-year bond rate-linked DLS and a USD-GBP CMS rate-linked DLS have recently become a social issue in Korea due to a huge loss to investors. In this regard, this paper accounts for the payoff structure of these products and evaluates their prices and fair coupon rates as well as risk measures such as Value-at-Risk (VaR) and Tail-Value-at-Risk (TVaR). We would like to examine how risky these products were and whether or not their coupon rates were appropriate. We use Hull-White Model as the stochastic model for the underlying assets and Monte Carlo (MC) methods to obtain numerical results. The no-arbitrage prices of the German 10-year bond rate-linked DLS and the USD-GBP CMS rate-linked DLS at the center of the social issue turned out to be 0.9662% and 0.9355% of the original investment, respectively. Considering that Korea government bond rate for 2018 is about 2%, these values are quite low. The fair coupon rates that make the prices of DLS equal to the original investment are computed as 4.76% for the German 10-year bond rate-linked DLS and 7% for the USD-GBP CMS rate-linked DLS. Their actual coupon rates were 1.4% and 3.5%. The 95% VaR and TVaR of the loss for German 10-year bond rate-linked DLS are 37.30% and 64.45%, and those of the loss for USD-GBP CMS rate-linked DLS are 73.98% and 87.43% of the initial investment. Summing up the numerical results obtained, we could see that the DLS products of our interest were indeed quite unfavorable to individual investors.