• 제목/요약/키워드: earnings rate

검색결과 63건 처리시간 0.028초

정보보안기업의 사외이사제도가 이익조정에 미치는 영향에 관한 연구 (A Study on the Effects of Earnings Management in Outside Directors System for Information Security Company)

  • 김동영
    • 한국전자거래학회지
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    • 제19권2호
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    • pp.143-158
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    • 2014
  • 우리나라 정보보안 기업은 대체로 소유와 경영이 명확하게 분리되어 있지 않아 이사회가 원활히 제 기능을 하지 못하고 지배주주가 경영의사결정에 관여하며 이사회가 내부적인 통제 임무를 제대로 수행하지 못한다는 문제점들이 있다고 제기되었다. 본 연구의 목적은 정보보안 기업이 기업지배구조 개선의 일환으로 도입한 사외이사제도가 회계정보 투명성에 실효성이 있는지 여부를 알아보고 또한 기업경영의 전반적인 부분에서 효율적으로 운영이 되고 있는지를 경영자의 이익조정과 관련하여 실증자료를 이용하여 분석하고자 한다. 즉 구체적인 목적은 기술집약적 특성을 가진 정보보안기업을 중심으로 이사회의 사외이사비율과 사외이사의 이사회의 참석율을 대상으로 이익조정과의 관계를 파악하는데 목적이 있다. 본 연구의 <가설 1>은 이사회의 사외이사의 비율은 재량적 발생액과 부(-)의 관계에 있다. <가설 2>는 사외이사의 이사회 참석율은 재량적 발생과 부(-)의 관계에 있다. 실증분석결과 <가설 1>은 사외이사비율과 재량적 발생액의 관계는 가설과 같이 부(-)의 관계를 보이며 유의하므로, 채택되었다. 가설 2는 사외이사 참석율과 재량적 발생도 가설과 마찬가지로 회귀계수가 부(-)의 관계를 보이고 유의하므로 채택되었다.

농촌 어메니티자원을 활용한 그린투어리즘의 경제성 분석 (Economic Analysis on Rural Amenity-Based Green Tourism)

  • 권용대;홍종숙
    • 농촌계획
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    • 제9권3호
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    • pp.17-23
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    • 2003
  • This paper aimed at identifying rural amenities valuable in terms of marketed value and economic analysis of green tourism so as to develop policy instruments for new rural communities. We conducted the case study on Jik-Dong rural community in Taejeon city and estimated income effects of green tourism and internal rate of return of investment for rural amenity facilities. The research results are as followings; (1) green tourism participant will spend the worth of 50,392 won per person, (2) earnings from green tourism amounts to about 2,471 thousand won per household, (3) internal rate of return of green tourism investment is estimated as 7%. The strategies far green tourism is suggested as follows; (1) rural amenities should be well maintained for green tourism infrastructure (2) measures to internalize the value of rural amenities should be developed for market oriented peen tourism (3) effective program for inducing visitors with purchasing power should be designed.

중국 제조업 상장기업의 가치평가 설명요인에 관한 연구 (What explains firm valuation? Evidence from the Chinese manufacturing sector)

  • ;안연주;최문섭
    • 무역학회지
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    • 제45권2호
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    • pp.229-262
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    • 2020
  • The price-to-earnings ratio (PER) is an important indicator to measure the stock price and profitability of a firm; it is also the most used valuation indicator among investors. When using the PER to compare the investment values of different stocks, these stocks must come from the same sector. This study mainly focuses on the China's listed manufacturing firms. By learning from previous research results and analyzing the current situation, we studied the correlation between the manufacturing sector's PER and its influencing factors from both macro and micro perspectives, the combination of which eventually sheds light on such correlation. Analyzing GDP growth rate data, Manufacturing Purchasing Managers' Index, and other macroeconomic variables from 2008 to 2018, we conclude that these variables jointly have a certain impact on the average PER of the manufacturing sector. We then form panel data based on relevant (2014-2018) data gathered from 317 of China's A-listed manufacturing firms to study the impact of micro-variables on PER. By using Stata and other software to analyze the panel data, we reach the conclusion that the Debt to Asset Ratio, Return on Equity, EPS growth rate, Operating Profit Ratio, Dividend Payout Ratio, and firm size have a significant impact on PER. The Current Ratio, Treasury Stock ratio and Ownership Concentration have no distinct effect on PER. Based on our empirical findings, we design a theoretical model that affects the PER.

Investment Decisions in the Energy Industry: The Role of Industrial Competition and Size

  • BACHA SIMOES, Emel
    • The Journal of Asian Finance, Economics and Business
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    • 제9권9호
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    • pp.25-37
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    • 2022
  • Investment decisions are one of the most fundamental issues in financial management. This study aims to determine the factors that affect investment decisions in the energy industry and to contribute to the companies in this industry to develop strategic policies. The System GMM analyzes were carried out using the data of companies registered on the stock exchange for the period 2000-2015. The findings showed that industrial competition and firm size were important factors influencing the investment decisions of firms in the energy industry. The findings indicated a nonlinear relationship between industrial competition and the rate of investment in the energy sector. Depending on the firm's size, the effect of industrial competitiveness on investment varies. Smaller businesses are more impacted by the level of competition than larger ones. The investment rate decreases depending on the increase in cash holding level and firm risk. When the subgroups in the energy industry are examined, it is determined that they reveal some differences in terms of financial structure. A higher investment rate results from a higher retained earnings ratio. The investment rate of firms falls as a company's risk level and sales revenue variability increase.

잠업단지의 경제효율에 관한 비교분석 (Comparative Analysis of Economic Efficiency by Major Sericultural Farming Areas in Korea)

  • 이질현;김문협;강석권
    • 한국잠사곤충학회지
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    • 제14권2호
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    • pp.95-103
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    • 1972
  • The major purpose of this study is to collect the information related on the aspects of economic efficiency for solving the problems which are faced by farmers and areas, and providing scientific facts to farmers and related institutions for further development of sericultural sector in Korea. In order for obtaining the related information 12 sample areas among 23 major sericultural farming areas and 30 farm units in each area are selected and analyzed in this study. The fold suevey is made by member of this study team and graduate students in the Department of Sericultural Science with a prepared questionnaires. Cross-section and regression analysis methods are employed for processing the data in this study. The major findings obtained are as followings. 1. Sericultural earnings per Tanbo is, on the average, 22, 752 won in new cultivated areas and 29, 403 won in ordinary ones. There are big difference in the size of earnings by areas, especially, 46, 968 won in Kumo mountain area, compared with 16, 798 won in Yeoju and Yichun areas. General trend is finded that small scale farming units are made higher earnings and operating their farms efficiently. 2. Cocoon production expences per Tanbo is 16, 737 won in new cultivated areas and 19, 802 won in ordinary areas. There are also big difference in farming expences, especially, 27, 389 won in Sudang area, compared with 11, 689 won in Emjin area. 3. Sericultural income per Tanto is 10, 664 won in ordinary areas and 6, 898 won in new cultivated areas. Farmers in Kumo mountain area make the highest income of 21, 164 won and lowest income of 1, 296 won in Sudang area. It can be generized that about 30-50 a sized farmers make higher income. 4. Land, labor and capital productivities estimated by fitting Cobb-Douglas functions in ordinary areas are higher than in new cultivated areas, especially, labor productivity is higher in ordinary areas. 5. Changsung, Kwangna, Yunsun and Kumo mountain areas are technically and economically efficient. Sudang and Mujinchang areas are technically successful but economically inefficient and Emjin and Honam areas are technically inefficient but economically efficient. YeojuYichun, Chunwon and West Kyongnam are technically and economically inefficient. Technical and economic improvement program should be implemented for these areas. 6. Estimated Internal Rate of Return (IRR) on capital investment in Chongwon are is 23.5 percent. It is economically feasible, if we consider 20 percent of opportunity cost of capital in our economy.

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성별 임금격차의 차이와 차별

  • 유경준
    • KDI Journal of Economic Policy
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    • 제23권1_2호
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    • pp.193-231
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    • 2001
  • The purpose of this study is to clarify the real causes of gender wage differentials in Korea by analyzing changes over the period from 1984 to 1999. The participation rate of women in the Korean labor force has gradually increased since 1963, reaching 47.4 percent as of 1999. This increase can be attributed to more active participation by women of all ages, except those aged 15-19, as a result of their enrollment in higher level education. In particular, a remarkable rise in labor market participation was achieved by those aged 25-29. On the other hand, the ratio of female workers earnings to that of male workers has increased from 45.1 percent in 1972 to 63.1 percent in 1999. However, when the gender wage differentials are decomposed into various factors, it is found that discrimination components against female workers, compared to the skills or productivity characteristics, played a greater role for the 1994 to 1999 period.

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A Value-Based Real Time Pricing Under Imperfect Information on Consumer Behavior

  • Kim, Bal-Ho H.
    • Journal of Electrical Engineering and Technology
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    • 제4권1호
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    • pp.49-54
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    • 2009
  • One of the major challenges confronting a multiservice electric utility is the establishment of the right prices for its services. The key objectives of particular pricing schemes are reasonableness of company earnings, economic efficiency, the responsiveness of supply and of the allocation of sources to the desires of consumers, and maintenance of some degree of competition. This paper proposes a value-based pricing mechanism amenable to the current deregulation situation in electricity market allowing service differentiation. The proposed pricing mechanism can be implemented in a nodal auction model, and can also be applied to direct load control.

Classification of Apple Tree Leaves Diseases using Deep Learning Methods

  • Alsayed, Ashwaq;Alsabei, Amani;Arif, Muhammad
    • International Journal of Computer Science & Network Security
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    • 제21권7호
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    • pp.324-330
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    • 2021
  • Agriculture is one of the essential needs of human life on planet Earth. It is the source of food and earnings for many individuals around the world. The economy of many countries is associated with the agriculture sector. Lots of diseases exist that attack various fruits and crops. Apple Tree Leaves also suffer different types of pathological conditions that affect their production. These pathological conditions include apple scab, cedar apple rust, or multiple diseases, etc. In this paper, an automatic detection framework based on deep learning is investigated for apple leaves disease classification. Different pre-trained models, VGG16, ResNetV2, InceptionV3, and MobileNetV2, are considered for transfer learning. A combination of parameters like learning rate, batch size, and optimizer is analyzed, and the best combination of ResNetV2 with Adam optimizer provided the best classification accuracy of 94%.

Preliminary Study: Comparison of Kinetic Models of Oil Extraction from Vetiver (Vetiveria Zizanioides) by Microwave Hydrodistillation

  • Kusuma, Heri Septya;Rohadi, Taufik Imam;Daniswara, Edwin Fatah;Altway, Ali;Mahfud, Mahfud
    • Korean Chemical Engineering Research
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    • 제55권4호
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    • pp.574-577
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    • 2017
  • In Indonesia, vetiver oil is one commodity that plays an important role in the country's foreign exchange earnings. Currently, the extraction of essential oil from vetiver still uses conventional methods. Therefore, the aim of this study was to know and verify the kinetics and mechanism of microwave hydrodistillation of vetiver based on two models. In this study, microwave hydrodistillation was used to extract essential oils from vetiver. The extraction was carried out in nine extraction cycles of 20 min to 3 hours. The rate constant, the equilibrium extraction capacity, and the initial extraction rate were calculated using the two models. Kinetics of oil extraction from vetiver by microwave hydrodistillation proved that the extraction process was based on the second-order extraction model. The second-order model was satisfactorily applied, with high coefficients of correlation ($R^2=0.9427$), showing that it well described the process.

Occupational Injuries and Illnesses and Associated Costs in Thailand

  • Thepaksorn, Phayong;Pongpanich, Sathirakorn
    • Safety and Health at Work
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    • 제5권2호
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    • pp.66-72
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    • 2014
  • Background: The purpose of this study was to enumerate the annual morbidity and mortality incidence and estimate the direct and indirect costs associated with occupational injuries and illnesses in Bangkok in 2008. In this study, data on workmen compensation claims and costs from the Thai Workmen Compensation Fund, Social Security Office of Ministry of Labor, were aggregated and analyzed. Methods: To assess costs, this study focuses on direct costs associated with the payment of workmen compensation claims for medical care and health services. Results: A total of 52,074 nonfatal cases of occupational injury were reported, with an overall incidence rate of 16.9 per 1,000. The incidence rate for male workers was four times higher than that for female workers. Out of a total direct cost of $13.87 million, $9.88 million were for medical services and related expenses and $3.98 million for compensable reimbursement. The estimated amount of noncompensated lost earnings was an additional $2.66 million. Conclusion: Occupational injuries and illnesses contributed to the total cost; it has been estimated that workers' compensation covers less than one-half to one-tenth of this cost.