• 제목/요약/키워드: Stock Performance

검색결과 809건 처리시간 0.025초

CORBA를 이용한 주식매매 관리 시스템 설계 및 구현 (Design and Implementation of a Stock Market Management System using CORBA)

  • 황준;김영신
    • 인터넷정보학회논문지
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    • 제2권3호
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    • pp.93-98
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    • 2001
  • 전자상거래 시스템은 시스템의 확장, 유지, 보수문제 등의 문제가 개발에 어려움을 주고 있다. 이에 본 논문에서는 JAVA 와 CORBA를 이용하여 3-Tier주식매매 관리 시스템을 제안한다. 본 시스템은 CORBA의 이벤트 서비스를 이용하여 인터렉티브한 환경을 구현하였고, 확장성, 속도, 유연성, 보안성, 유지·보수, 효율성이 뛰어난 시스템을 위하여 CORBA와 JDBC 미들웨어를 이용하여 3-tier 구조 주식매매 관리 시스템을 구현하였다.

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A Comparative Study on the Prediction of KOSPI 200 Using Intelligent Approaches

  • Bae, Hyeon;Kim, Sung-Shin;Kim, Hae-Gyun;Woo, Kwang-Bang
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • 제3권1호
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    • pp.7-12
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    • 2003
  • In recent years, many attempts have been made to predict the behavior of bonds, currencies, stock or other economic markets. Most previous experiments used the neural network models for the stock market forecasting. The KOSPI 200 (Korea Composite Stock Price Index 200) is modeled by using different neural networks and fuzzy logic. In this paper, the neural network, the dynamic polynomial neural network (DPNN) and the fuzzy logic employed for the prediction of the KOSPI 200. The prediction results are compared by the root mean squared error (RMSE) and scatter plot, respectively. The results show that the performance of the fuzzy system is little bit worse than that of the DPNN but better than that of the neural network. We can develop the desired fuzzy system by optimization methods.

정규분포를 따르는 다단계 시리얼 공급사슬에서의 재고 정책 (Inventory Policies for Multi-echelon Serial Supply Chains with Normally Distributed Demands)

  • 권익현;김성식
    • 대한안전경영과학회지
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    • 제8권3호
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    • pp.115-123
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    • 2006
  • The main focus of this study is to investigate the performance of a clark-scarf type multi-echelon serial supply chain operating with a base-stock policy and to optimize the inventory levels in the supply chains so as to minimize the systemwide total inventory cost, comprising holding and backorder costs as all the nodes in the supply chain. The source of supply of raw materials to the most upstream node, namely supplier, is assumed to have an infinite raw material availability. Retailer faces random customer demand, which is assumed to be stationary and normally distributed. If the demand exceeds on-hand inventory, the excess demand is backlogged. Using the echelon stock and demand quantile concepts and an efficient simulation technique, we derive near optimal inventory policy. Additionally we discuss the derived results through the extensive experiments for different supply chain settings.

The Trickle-Down Effect of Intellectual Capital on Banks' Macro Performance in Indonesia

  • WAHAB, Abdul;ABBAS, Nurhasnah;SYARIATI, Alim;SYARIATI, Namla Elfa
    • The Journal of Asian Finance, Economics and Business
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    • 제7권12호
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    • pp.703-710
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    • 2020
  • The stock market serves as a representation of economic well-being in a country. Along with the myriad of economic predictors, specific knowledge possession may lead to different macro consequences of stock performance and market value. This study empirically investigates the capacity of possessing excellent intellectual capital to increase the performance and values of listed banks in Indonesia. The selection of banks as the primary data represents such sectors' capability to attract, employ, or exploit the excellent internal capacity under the discussion of resource-based view theory. At best to the authors' knowledge, this topic's findings are still elusive and debatable upon considering the direct and indirect relationships between the proposed exogenous and endogenous variables. Eighteen listed banks form the panel data throughout 2011-2016. This study employs a path analysis and Sobel test to obtain the results of the proposed hypothesis. The results report some positive relationships of the intellectual capital to firms' performances and values, directly and indirectly, with a substantial effect on the second model compared to the first model. This study highlighted knowledge's capacity as a vital basis to gauge the banks' performance and valuation. However, a better formulation of intellectual capital is required to capture a better measurement.

The Effect of Capital Structure on Financial Performance of Vietnamese Listing Pharmaceutical Enterprises

  • DINH, Hung The;PHAM, Cuong Duc
    • The Journal of Asian Finance, Economics and Business
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    • 제7권9호
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    • pp.329-340
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    • 2020
  • This study investigates the effect of capital structure on the financial performance of pharmaceutical enterprises which are listing on Vietnam's stock market. The study builds the regression using ROE as dependent variable and four independent variables, including self-financing, financial leverage, long-term asset and debt to assets ratios. In addition, we use other variables as controlling ones, such as firm size, fixed asset rate and growth. We collect data for the period from 2015 to 2019 of all 30 pharmaceutical enterprises which are currently listing on Vietnam's stock market. The least square regression (OLS) is used to test the effect of capital structure to the firms' financial performance. The analysis results show that the financial leverage ratio (LR), long-term asset ratio (LAR) and debt-to-assets ratio (DR) have positive relationship with firm performance, meanwhile the self-financing (E/C) affects negatively to the return on equity (ROE). Upon the findings we suggest that the Vietnamese government should focus on stabilizing macro environment to create favorable environment for enterprises. And the pharmaceutical enterprises should build more reasonable capital structure with higher debt proportion than equity, diversifying loan mobilization channels such as issuing long-term bonds. Additionally, the firms should expand the scale appropriately to maintain development and ability to pay debts.

Corporate Social Responsibility and Unsecured Debt: Evidence from China

  • CHEN, Xia;MA, Zhe;SHI, Jiayu;TU, Bingyan;XU, Songtao
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.1-11
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    • 2020
  • This study aims to investigate whether Corporate Social Responsibility (CSR) performance can help companies gain more bank unsecured loans. Additionally, this study analyzes the moderating effect of firm size and industry characteristics. Data was collected through the case of companies listed on the Shanghai Stock Exchange or the Shenzhen Stock Exchange in China between 2009 and 2018 with 5373 firm-year observations. The results of multivariable regression analysis show that good CSR performance exhibits a strong positive impact on unsecured debt, including short-term, long-term, and total unsecured debt, which indicates that corporate with good CSR performance can borrow more unsecured debt. further research shows that this effect is more pronounced for small enterprises and firms operating in heavy-polluting industries. Additionally, research on the impact mechanism finds that good CSR performance can help mitigate information asymmetry between borrower and lender, reduce moral hazard of borrower, and obtain support from key stakeholders, and therefore reduces the risk of default. The findings of this study suggest that firms with good CSR performance exhibit a preference for unsecured debt, but decline to provide collateral for debt. Overall, we emphasize and illustrate the important role of corporate CSR in bank credit financing.

Internal Factors Affecting Firm Performance: A Case Study in Vietnam

  • NGUYEN, Van Hau;NGUYEN, Thi Thu Cuc;NGUYEN, Van Thu;DO, Duc Tai
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.303-314
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    • 2021
  • The higher the firm performance, the more chances enterprises can expand and develop their production, create jobs, and improve the workers' living quality. The main objective of this study was to measure the internal factors influencing the firm's performance of food and beverage (F&B) firms listed on the Hanoi Stock Exchange (HNX). Data was collected on 15 F&B firms listed on the HNX from 2015 to 2019 We use mixed research method, both qualitative and quantitative. For the quantitative research method, the supporting tool is Stata13 software. The results via Ordinary Least Squares (OLS) regression method show the impacts of internal factors with the following observed variables: the ratio of short-term debt to total liabilities (CS1) and total assets (S2) have an opposite impact (-) on ROA and ROE; debt-to-total assets ratio (CS2) has an opposite effect (-) on ROA; growth of total assets (G2) of the growth factor positively affects (+) ROA and ROE, the remaining factors do not affect ROA and ROE; and internal factors do not influence ROS. Based on the findings, some recommendations have been proposed to help the F&B firms listed on the Hanoi Stock Exchange improving their firm performance in the future.

The Role of Corporate Social Responsibility on the Relationship between Financial Performance and Company Value

  • UTAMI, Elok Sri;HASAN, Muhamad
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.1249-1256
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    • 2021
  • This study investigates the company value determinant by observing the effect of financial performance and Corporate Social Responsibility (CSR) and its role in moderating performance achievement. The macro-economy variables such as inflation and interest rate are also used as the controlling variable. This research employs the sample of manufacturing companies of the food and beverage sub-sector listed on the Indonesia Stock Exchange. This study used panel data from 2013 to 2017, with the moderating regression analysis. The result shows that the profitability of the current or previous period affects the company's value. CSR and company size affect the company value at the next period shows that stock price, which reflects the investor's perception today, will be affected by the CSR, Size, and Return On Asset of the previous year. CSR also shows that it can be the substitute for profitability since a company that performs CSR is the one that has a good performance. The regression moderating model and the profitability of the previous period have a higher explanatory power than the higher R square value in explaining company value.

Analysis of the influence of food-related social issues on corporate management performance using a portal search index

  • Yoon, Chaebeen;Hong, Seungjee;Kim, Sounghun
    • 농업과학연구
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    • 제46권4호
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    • pp.955-969
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    • 2019
  • Analyzing on-line consumer responses is directly related to the management performance of food companies. Therefore, this study collected and analyzed data from an on-line portal site created by consumers about food companies with issues and examined the relationships between the data and the management performance. Through this process, we identified consumers' awareness of these companies obtained from big data analysis and analyzed the relationship between the results and the sales and stock prices of the companies through a time-series graph and correlation analysis. The results of this study were as follows. First, the result of the text mining analysis suggests that consumers respond more sensitively to negative issues than to positive issues. Second, the emotional analysis showed that companies' ethics issues (Enterprise 3 and 4) have a higher level of emotional continuity than that of food safety issues. It can be interpreted that the problem of ethical management has great influence on consumers' purchasing behavior. Finally, In the case of all negative food issues, the number of word frequency and emotional scores showed opposite trends. As a result of the correlation analysis, there was a correlation between word frequency and stock price in the case of all negative food issues and also between emotional scores and stock price. Recently, studies using big data analytics have been conducted in various fields. Therefore, based on this research, it is expected that studies using big data analytics will be done in the agricultural field.

철도차량용 축전지 적용 사례 (Cases of applying battery to rolling stock)

  • 김상웅;김신국;안홍관;김재기
    • 한국철도학회:학술대회논문집
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    • 한국철도학회 2011년도 춘계학술대회 논문집
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    • pp.413-422
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    • 2011
  • 축전지는 차량을 기동할 때나 비상시의 제어전원으로서 철도차량의 구성품 중 매우 중요한 부분이다. 현재 널리 사용되고 있는 축전지로는 연축전지와 니켈카드뮴축전지 등이 있으며 점차 소형화 경량화 되어 가고 있는 추세이다. 또한 철도차량의 전자제어기술의 발달로 인하여 필요로 하는 전기용량이 늘어나고 있다. 따라서 다양한 종류의 고효율 축전지들이 신규 노선의 차량에 검토되고 있지만 철도차량용 축전지는 안전상으로 충분히 검증이 되어야 하며 또한 관리 측면에서도 어려움이 없어야 하는 요구조건으로 인하여 실제 적용하는 데에는 많은 어려움이 있다. 본 논문에서는 현재 철도차량에 적용된 축전지 사례를 조사하고 적용을 시도 중인 축전지들의 특성을 확인하여 안전 및 성능, 관리적인 측면에서 어떠한 문제가 있는지 검토하여 향후 축전지 발전 동향에 대하여 논하고자 한다.

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