• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.109-114
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• 2020

The aim of this study is to develop basic artificial neural network models in forecasting the in-sample gross domestic product (GDP) of Malaysia. GDP is one of the main indicators in presenting the macro economic condition of a country as set by the world authority bodies such as the World Bank. Hence, this study uses an artificial neural network-based approach to make predictions concerning the economic growth of Malaysia. This method has been proposed due to its ability to overcome multicollinearity among variables, as well as the ability to cope with non-linear problems in Malaysia's growth data. The selected inputs and outputs are based on the previous literatures as well as the economic growth theory. Therefore, the selected inputs are exports, imports, private consumption, government expenditure, consumer price index (CPI), inflation rate, foreign direct investment (FDI) and money supply, which includes M1 and M2. Whilst, the output is real gross domestic product growth rate. The results of this study showed that the neural network method gives the smallest value of mean error which is 0.81 percent with a total difference of 0.70 percent. This implies that the neural network model is appropriate and is a relevant method in forecasting the economic growth of Malaysia.

• 유통과학연구
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• 제13권9호
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• pp.59-70
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• 2015

Purpose - This study aims to suggest strategies for Korean enterprises advancing into the Vietnam bakery market by analyzing the effects of perceived values on brand preference and purchase intention among Korean and Vietnamese consumers. Research design, data, and methodology - The perceived value model designed includes functional (price, quality), emotional, and social values. The survey collected data from 500 consumers in Seoul (Korea) and HoChiMinh (Vietnam). The SPSS 18.0 package was used for analysis. Results - First, among Vietnamese consumers, perceived value had a positive (+) effect on global brand preference in the order of functional value of quality, social value, and the functional value of price. However, from an ethnocentric trend and brand image origin, emotional value had a negative effect on global brand preference. In contrast, among Korean consumers, perceived value had a positive (+) effect on global brand preference in the order of functional value of quality, the functional value of price, and the social value. However, emotional value had no effect on global brand preference. Second, for both Korean and Vietnamese consumers, perceived value had a significant positive effect on purchase intention. Third, unlike the Korean consumer, for the Vietnamese consumer, global brand preference had a significant effect on purchase intention. Conclusions - The study implies the following. First, the Vietnamese bakery market has a high proportion of middle-aged customers in their 40s (64%). In terms of monthly income, there was a large proportion (40%) of high-income earners (over $325). Therefore, bakery consumption can be seen as concentrated among middle-aged and high-income consumers. Based on this, bakery strategies should include efforts to increase purchase prices as well as ways to attract local consumers (large cities). Second, unlike Korean consumers, among Vietnamese consumers, the resistance to a global brand based on emotional value (the ethnocentric tendency and brand image origin) can be seen as relatively low. Thus, in the case of the Vietnam bakery market, to increase a global brand's preference, the company should develop a differentiated strategy so that Vietnamese consumers can recognize it better, focusing on product quality, good service quality, and price in the local environment and on social value for social development. Third, in the case of the Vietnamese customer, we found that social value exerts the greatest influence on purchase intention. Therefore, a brand that engenders an image of building the local Vietnamese community can achieve a higher social value and influence purchase intention. In addition, although Vietnamese consumers have ethnocentric tendencies in terms of products, we found that if it is a preferred global brand then there are intentions to purchase. Fourth, in the case of Vietnam, if the preference for global brands is formed, consumer awareness may be connected to purchase intention. Therefore, global brands operating in Vietnam should pay attention to how to improve consumer preferences for global brands in order to increase purchase intention.

• 유통과학연구
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• 제11권10호
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• pp.93-105
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• 2013

Purpose - This empirical analysis determines the structured causal relations between perceived value, customer satisfaction, and repurchase intention among users of traditional markets. The results of this analysis would help merchants and market operators indevisingan appropriate strategy to successfully manage traditional markets. Research design, data, methodology - The perceived value model of traditional markets includes functional value (price), functional value (quality), emotional value, and social value. In this study, the perceived value of traditional markets is considered as an independent variable, while customer satisfaction and repurchase intention are shown as the dependent variables, where customer satisfaction is also considered as the mediating variable. The study aims to ascertain the extent of influence of the perceived value of traditional markets on customer satisfaction and repurchase intention. We use regression analysis to verify the effects. The measurement items were already deemed as reliable and valid in the previous study, but for this purpose, we made some modifications. We distributed questionnaires to 300 consumers on a national scale, and finally used 241 consumer responses among these as a sample. We analyzed the data using the SPSS 21.0 statistical program. Results - We obtained the following results. First, the order of perceived value dimensions of traditional markets that positively impact customer satisfaction is functional value (price), social value, emotional value, and functional value (quality). Second, the perceived value sometimes directly affects repurchase intention; its effect is typically strong with customer satisfaction as a parameter. The order of perceived value dimensions that positively impact repurchase intention is social value, functional value (price), emotional value, and functional value (quality). Third, the perceived value significantly influences repurchase intention, with customer satisfaction as the mediating variable. Conclusions - We should recognize the importance of perceived value in retail distribution markets, such as traditional markets. Moreover, we need to develop strategies to improve the perceived value. The practical implications of the study are as follows. First, with regards to functional value (quality; price) dimensions, we should have an appropriate assortment of high quality products that are reasonably priced. In addition, customers are satisfied with the friendly service, discounts, and other benefits provided by the merchants. Second, in terms of emotional value dimension, we need to develop differentiated events that provide fun and emotional experience to the customers. Third, in the context of social values dimension, we should strive to positively influence society to enhance social image through activities such as social services and contribution to community development. On the basis of these results, we present the implications, limitations, and future directions for the research. One of the policy implications of the study is that merchants of traditional markets must actively select customers and develop customer value. However, this study is limited in the fact that the population used for data collection is not fully representative, as the survey only covered some specific areas. Moreover, future studies could also benefit with additional research using moderating variables.

• Asia Marketing Journal
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• 제22권3호
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• pp.1-28
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• 2020

With the development of information and communication technology and spread of smart devices, online information exchange has become a daily routine. Accordingly, the management and utilization of online word of mouth (WOM) has become an important issue for companies. Numerous studies have examined the impact of online WOM on firm performance. This study analyzes the impact of negative word of mouth (NWOM) on firm value, considering the influence of corporate social responsibility (CSR) activity and research and development (R&D) investment. Using a hierarchical linear model, we find that 1) NWOM has a negative impact on firm value, 2) CSR activities do not significantly influence this impact, and 3) R&D investment reduces this negative impact. This study contributes by demonstrating the effect of NWOM on firm value, examining the influence of CSR activities and R&D investment on the impact of NWOM, and confirming that the hierarchical linear model can be applied effectively to panel data in empirical studies. As a practical implication, companies must prevent and manage NWOM, whose impact, when caused by an unavoidable incident, can be alleviated by proactively announcing that the company is striving for competitiveness, for instance, by investing in R&D.

• 기술혁신학회지
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• 제7권3호
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• pp.657-679
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• 2004

The purpose of this paper is to measure economic impact of marine environment conservation research development project. Benefit-Cost(B/C) analysis and Contingent Valuation Methods(CVM) are used to valuate the benefits from the research development projects. A period of three years for research development fund is considered as a part of the costs and adjusted to the net present value (NPV) of the 2002 ending period. The environmental charges for marine environment improvement are considered for the benefit measurement. The benefits are estimated by using monthly average willingness to pay, which is 2,289 Korean won. The contribution of the developing a management model for environmental pollution in the Gwangyang Bay is evaluated utilizing survey data and information. Based on the assessment by expert groups, the contribution of the model was 37.5％. The research results showed that B/C ratio is 20.61, NPV is 89,200 million Korean won, and social rate of return is 185.7％. When the level of contribution is over 1.83％ at the assessment of potential influence, it is recognized to be economically feasible. This research presents a quantitative framework for Research and Development projects for marine environment conservation, and it can be applied to decision making for the investment size of R&D projects.

• 농촌계획
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• 제20권4호
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• pp.243-252
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• 2014

This study strengthens importance of farm land has possessed rurality. Thus the amenities of farm village were offered to the symbolical attributes of rurality and it was extracted four amenities attributes for valuing the amenities. Possessing the importance of rurality for agricultural and rural development and rural tourism evaluated each attribute by Choice Experiment(CE) for sustainable development make full use of rurality. Applying for Conditional-Logit model estimated the value of attributes then consumer's benefit feeling form each attributes was offered to the value of a unit change. Through this study, I wish to apply for the direction of rural development as important material and the compensation in the operation of agricultural output offering social benefit as political reference materials.

• 중소기업연구
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• 제43권1호
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• pp.107-129
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• 2021

포용적 비즈니스는 개발도상국의 빈곤층 사람들의 경제적 자립과 삶의 질 증진을 지원하기 위한 목적으로 추진되는 사회적 비즈니스이다. 포용적 비즈니스는 개발협력의 관점에서 전통적으로 '원조'의 대상으로 인식되어온 빈곤층의 사람들을 시장기반의 경제활동에 참여시킴으로써 소득창출과 경제적 자립 등의 개발효과를 이끌어 낼 수 있는 개발협력방식의 새로운 방안으로 부상하고 있다. 본 연구는 이러한 포용적 비즈니스가 어떠한 방식으로 개발도상국 빈곤층 시장의 다양한 장벽을 극복하고 사회적 가치와 경제적 수익을 동시에 창출하는지 고찰하였다. 이를 위해 선행연구를 토대로 포용적 비즈니스 모델과 유형을 분석하는 분석틀을 수립하였다. 그리고 다중사례연구방식에 기반하여 민-관 협력을 통해 수행되는 사회적 기업의 포용적 비즈니스 17개 사례를 선정하여 이들의 비즈니스 모델이 지닌 특성과 비즈니스 유형을 분석하였다. 본 연구를 통해 민-관협력에 기반한 포용적 비즈니스의 가치제안 메커니즘, 가치창출 메커니즘, 가치확보 메커니즘별 특성을 도출하였으며, 빈곤층을 대상으로 사회적·경제적 가치를 창출하는 방식을 유형으로 제시한다. 본 연구결과는 포용적 비즈니스 모델에 대한 이론적, 실무적 시사점을 제시한다.

• 한국사회복지학
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• 제68권1호
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• pp.225-248
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• 2016

본 연구는 서울시립교향악단의 "우리동네 오케스트라 학습영향평가"를 위해 수집된 종단 자료를 사용하여 지역사회를 기반으로 운영하는 오케스트라 교육 활동이 빈곤아동의 발달에 미치는 효과와 그 효과를 촉진하는 오케스트라 교육 활동 요소를 살펴보고자 수행되었다. 이를 위해 빈곤 아동의 발달부분인 우울, 공격성, 공동체성, 대인관계와 오케스트라 교육 활동 효과를 촉진시키는 활동요소인 평가, 만족, 외부의 관심과 참여를 주요 변수로 구성하여 오케스트라 교육 활동과 빈곤아동발달에 관한 잠재성장 모형 분석을 실시하였다. 분석결과, 오케스트라 교육 활동 효과로 빈곤아동의 우울, 공격성, 대인관계에 의미 있는 긍정적 발달을 보였다. 또한 아동발달궤적의 조건모형에서 음악평가는 공동체성의 변화율에, 태도평가는 우울과 공격성, 공동체성의 초기치에 긍정적인 영향을 미쳤으며, 만족은 공동체성과 대인관계의 초기치에 긍정적 영향을 미치는 것으로 나타났다. 부모 관심과 참여는 공격성 초기치에 부정적 영향을, 지역사회 관심과 참여는 우울과 공격성 초기치에 긍정적 영향을 미치는 것으로 나타났다. 본 연구결과를 바탕으로 오케스트라 교육 활동에 참여하는 빈곤아동의 발달에 관한 이해를 돕고 사회복지사의 직접적인 개입의 실천적 근거를 제공하고, 사회복지계, 문화예술계, 교육계 등의 빈곤층 문화예술교육의 새로운 방안을 모색하여 빈곤아동 발달의 증진에 기여하고자 한다.

• 한국조경학회지
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• 제36권3호
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• pp.29-38
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• 2008

본 연구는 도시숲의 하나인 학교숲의 가치를 평가하는 것을 주요한 연구목적으로 한다. 이를 위해 진술된 선호모형인 컨조인트 모형을 활용하여 학교숲의 환경생태적, 교육적, 사회문화적, 경제적 속성을 연구하였다. 문헌연구 결과， 학교숲의 4개 속성(가치)별 수준이 선정되었고， 학교숲 관계자와 비관계자로 구분하여 279명 을 대상으로 설문조사를 실시하였다. 분석 결과, 4개 속성 중 가장 중요한 학교숲의 속성은 경제적 속성으로 나타났으며, 다음으로 환경생태적, 사회문화적, 교육적 가치 순으로 나타났다. 모형의 적합도는 0.900 이상으로 매우 유의하게 나타났다. 경제적 가치 증에서는 0원, 1,000원 의 효용값이 다른 두 수준보다 높게 선호되었고, 환경생태적 가치 중에서는 도시공기정화 가능의 값이 가장 높고, 다음으로 학교경관 조성, 동물 서식 공간 제공, 미기후조절 순으로 나타났다. 또한 지역주민의 여가활동과 관련된 사회문화적 가치 중에서는 자연관찰이 산책 및 휴식, 운동보다 효용이 더 높게 나타났으며, 교육적 가치 중에서는 환경의 중요성 인식이 가장 높았고, 정서함양, 지식습득 순으로 나타났다. 이러한 효용값을 기초로 가구당 WIP를 추정해본 결과, 전체 응답자의 경우는 3,580원, 학교숲 관계자는 3,650원, 비관계자는 3,540원으로 나타났다. 이를 근거로 연간 전체 가구의 순수 경제적 가치를 추정해보면 약 6,820 억 원이며, 학교숲 관계자의 경우 6,970억원, 비 관계자의 경우 6，750원으로 나타났다.

• 유통과학연구
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• 제11권2호
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• pp.35-44
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• 2013

Purpose - Until recently, studies on customer values for restaurants recognized two path structures; the SERVQUAL model, that is, service quality? perceived value? customer satisfaction? behavioral intention, and the customer value? customer satisfaction? behavioral intention path that categorizes customer values into functional value and hedonic value. This study, instead, classifies the consumption values of fast-food restaurants based on the consumption value system provided by Sheth, Newman and Gross (1991) and illustrates the new path structure, consumption value? customer satisfaction? behavioral intention, targeting college students for a generalization of the consumption value system of fast-food restaurants. Research design, data, and methodology - This study establishes five hypotheses based on the relationship between each type of consumption value (functional, emotional, social, and epistemic) and customer satisfaction, and the relationship between customer satisfaction and behavioral intention. For this analysis, data was collected by conducting a pre-test and administering a survey to 213 college students who are regular customers at fast-food restaurants in Seoul, Korea. The data collected was then analyzed using SPSS 15.0 and AMOS 6.0 statistical packages. Results - The study showed that: First, the consumption values of fast-food restaurants are classified into the following four categories: functional value, emotional value, social value, and epistemic value while consumption value can be applied to customer value of fast-food restaurants. Second, the functional and epistemic values had a positive impact on customer satisfaction. The resulting satisfaction is attributed to the intrinsic characteristics of fast-food restaurants like the consistent quality of food, reasonable prices, fast service, and unique or new experiences on every visit. On the other hand, emotional and social values did not affect customer satisfaction. The results on emotional value differed from the general studies on restaurants while the results obtained for social value were not consistent with the studies on high-end restaurants. Third, customer satisfaction had a positive impact on behavioral intention. The survey showed that college students reflected behavioral intention - repurchase intention and word-of-mouth - if they were satisfied with the food quality and employee services provided. Simultaneously, it was seen that the impact of functional value on customer satisfaction of fast food restaurant goers was more than that of epistemic value. Conclusions - The consumption values of fast-food restaurant users could be classified into four categories, functional, emotional, social and epistemic values, based on the consumption value system provided by Sheth, Newman and Gross (1991). It proved that the customer values of restaurant goers can be extended to the path structure of consumption value? customer satisfaction? behavioral intention to confirm its generalization. The study also showed that marketing managers need to focus more on the factors that influence functional value as the fast-food restaurant users consider timely services with the consistent quality of food at a reasonable price and at a convenient place more important than the new experiences or uniqueness.