• 제목/요약/키워드: economic capital

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북동아세아제국과의 기술교류 (Technological Exchange among Northeast Asian Countries (Synopsis ))

    • 한국기술사회:학술대회논문집
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    • 한국기술사회 1992년도 제22회 한일기술사 합동 Symposium자료
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    • pp.129-132
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    • 1992
  • Economic development is the common problem for Northeast Asian Countries, even if their political regimes are defferent. What we based on the economic development are infrastructure and regional development. As a matter of course, they have to be accompanied with science and technology. In the Japan Sea(the Eastern Sea) Rim, it is expected that a regional development zone based on the idea of a “borderless world” will be established. Moreover science and technology as well as capital are also expected to be invested in that 3one. That is to say, the regional development Bone needs Japanese and Korea capital, science and technology.

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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.

Psychological Capital, Personality Traits of Big-Five, Organizational Citizenship Behavior, and Task Performance: Testing Their Relationships

  • UDIN, Udin;YUNIAWAN, Ahyar
    • The Journal of Asian Finance, Economics and Business
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    • 제7권9호
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    • pp.781-790
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    • 2020
  • This study's primary purpose is to explore the psychological capital roles and personality traits of Big-Five in predicting OCB (organizational citizenship behavior) and performance of task in Indonesia's electricity sector. The data were gathered from the employees of four major cities in Indonesia, in Southeast Sulawesi, comprising 246 employees. The data were analyzed utilizing a PLS (partial least squares) based SEM (structural equation modeling) technique. The findings indicate that the psychological capital and personality traits of Big-Five relate significantly to OCB and the performance of task. Nevertheless, against our expectations, OCB does not significantly relate to the performance of task. This study also discusses the findings' further implications. In terms of practical implications, the findings of this research stipulate that psychological capital and Big-Five personality traits aimed to improve employee performance and can be most effective if specifically targeted at OCB. Given that both variables play an important role to promote OCB, caring training initiatives that focus on mutual help can be very valuable for organizational improvement. In a managerial perspective, organizations can increase OCB by conducting open communication strategies between managers and employees to further stimulate and strengthen the ability of employees to display extra-role behaviors.

The Role of Intellectual Capital in the Development of Financial Technology in the New Normal Period in Indonesia

  • HARIYONO, Anwar;TJAHJADI, Bambang
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.217-224
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    • 2021
  • This research seeks to determine what intellectual capital represented by indicators of conceptual skills, human skills, and technical skills plays a role in the development of financial technology. The consideration of fintech is more practical and economical. The concept of fintech is related to the rapid development of global technology by creating various new technologies, especially computer technology. This research uses secondary data; the population of this study is the top management companies in Indonesia during the new normal era. The sample in this research used a purposive sampling method, and the quantitative method. The results of this research indicate that the intellectual capital variable represented by conceptual skills has a significant positive role in the development of financial technology in the new normal era. This research posits that intellectual capital also has a role in the development of financial technology in the new normal. This is because the new normal period represents currently a new challenge in responding to the economic crisis that is resulting from Covid-19 pandemic around the world. Therefore, new concepts, new humanity, and new techniques are needed to develop financial technology, so that they can exist and encourage economic growth in this Covid-19 pandemic era.

A Study on the Dynamic Relationship between Cultural Industry and Economic Growth

  • He, Yugang
    • The Journal of Asian Finance, Economics and Business
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    • 제5권4호
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    • pp.85-94
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    • 2018
  • The cultural industry is treated as the sunrise industry in modern society. It has taken an increasing role in promoting the economic growth. Due to this, this paper attempts to explore the dynamic relationship between cultural industry and the economic growth. On the grounds of Cobb-Douglas production function, the cultural industry is regarded as a determinant such as the labor input and the capital input to impact the economic growth. Meanwhile, the quarterly datum form 2000-Q1 to 2017-Q4 are employed to perform an empirical analysis via the vector error correction model. The GDP is treated as an independent variable. The input of capital, the input of labor and the total input of cultural industry are treated as dependent variables. Furthermore, a menu of statistical approaches such as the co-integration test and the impulse response function will be used to testify the dynamic relationship between cultural industry and economic growth. Via the Johansen co-integration test, the results report that the cultural industry has a obviously positive effect on economic growth. Through the vector error correction estimation, the results also report that the cultural industry also has a significantly positive effect on economic growth, but less than that of the Johansen co-integration test. This paper provides a view that the cultural industry is a kind of a determinant to promote the economic growth. Therefore, the China's government should pay much attention to the cultural industry construction.

A Study on the Dynamic Relationship between Education Input and Economic Growth

  • He, Yugang
    • 동아시아경상학회지
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    • 제6권4호
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    • pp.35-45
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    • 2018
  • Purpose - The operating mechanism between education input and economic growth is a mysterious proposition that has attracted a vast array of scholars' interests to study on it. Therefore, this paper sets China as an example to analyze the dynamic relationship between education input and economic growth. Research design and methodology - The annual time series from 1990 to 2017 will be employed to conduct an empirical analysis under the vector autoregressive model. The education input is treated as an factor that impacts the economic growth such as labor input and capital input. Meanwhile, the education input will be added to the Cobb-Douglas production function to form a new one so as to explore the dynamic relationship between education input and economic growth. Results - According to the results of empirical analysis, it can be found that the education input has an increasingly positive effect on economic growth. Simultaneously, the economic growth also has a positive effect on education input, but this kind of effect is not steady. Of course, the labor input and the capital input also can promote the economic growth to some degree. Conclusions - The education input is one of most important inputs for a country. Based on the empirical analysis, this paper suggests that the China's government should put more emphasis on the education input so to make its economy develop well.

뉴 노멀 시대하 한국의 인적자본이 영구적 국민경제성장에 미치는 영향 (The Impact of Korean Human Capital on the Permanent National Economic Growth in the New Normal Era)

  • 김선재
    • 한국콘텐츠학회논문지
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    • 제17권6호
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    • pp.55-62
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    • 2017
  • 본 연구에서는 뉴 노멀에 대한 분석을 기반으로 인적자본의 중요성과 함께 동 자본이 한국경제의 일시적 및 영구적 성장에 미치는 영향을 1970~2014 기간의 자료를 이용하여 분석하였다. 일시적 효과를 추정한 결과 물적 자본과 노동, 그리고 인적자본 모두 전 기간에 걸쳐 통계적으로 유의성을 보였다. 다만 1999~2014기간 동안의 노동과 인적자본계수만이 10% 수준에서 유의성을 보인 반면 나머지 모든 계수들은 전 기간에 걸쳐 5% 이상의 수준에서 통계적 유의성을 보였다. 특히 기간 1970~2014 동안 인적자본이 1% 증가할 경우 경제성장은 0.15% 증가하는 것으로 나타났다. 영구적 성장효과를 추정한 결과 자본과 노동계수 모두 전 기간에 걸쳐 5% 수준 이상의 통계적 유의성을 보였다. 더욱이 자본과 노동계수의 합이 0.96~0.99사이로 1에 가까운 수치로 추정되고 있어 이들 투입물이 규모에 대한 수확불변임을 보였다. 또한 인적자본계수는 0.064로 10% 수준에서 통계적 유의성을 보임에 따라 지난 45년 기간 동안 인적자본지수의 한 단위 증가는 약 6.4%의 영구적 경제성장효과를 가져온 것으로 나타났다.

Risk Structure Analysis for Cost of Capital : A Demonstrative Study using Financial Indices

  • Ling, Feng;Suzuki, Tomomichi;Ojima, Yoshikazu
    • International Journal of Quality Innovation
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    • 제7권3호
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    • pp.1-14
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    • 2006
  • Economic value added (EVA) is introduced on two levels: as index for evaluation of corporation and as index for evaluation of business unit. In the latter case, application of one and the same cost of capital to all business units of a business corporation may be possible, but it is a fundamental policy for EVA to apply different cost of capital to business units with different risks. Estimate of cost of capital of business units is a problem to be resolved. The author, focusing on the question of the estimate of cost of capital of business units, has conducted a demonstrative study on risk structure of cost of capital estimates by using financial indices of Japanese manufacturers (37 automotive industries, 141 electrical and electronic machinery industries, 63 food processing industries, 98 chemical industries, 125 general machinery industries) for a period of 5 years from 1995 to 1999. The author presumes that $\beta$ is explained by a regression formula ${\beta}=B_0+{\Sigma}B_iY_i+{\alpha}$ ($Y_i$: financial indices) and selects 40 explanatory variables from financial statements as risk components. Using their financial indices, the author concludes through a series of statistical analyses that there is a good likelihood of estimating cost of capital for Japanese industries and is convinced that it will lead to more reliable and practical results by assigning averages and variances to 40 primary financial indices for a period of 3 to 5 years selected in this demonstrative study.

독일의 수도이전 : 베를린 천도과정과 그 함의 (Relocation of German Capital to Berlin and its Geographical Implications)

  • 안영진;박영한
    • 한국지역지리학회지
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    • 제7권4호
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    • pp.33-47
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    • 2001
  • 이 글의 목적은 독일 통일 후 베를린이 연방수도로 어떤 과정을 거쳐 결정되고, 천도를 위해 어떤 작업이 진행되었으며, 그리고 천도가 갖는 지리학적 함의가 무엇인가를 고찰하는데 있다. 독일의 통일은 여러 가지 장애가 있었지만 평화적으로 이뤄졌다. 통일과 더불어 수도의 입지문제가 국가의 장래설계와 관련하여 중요한 쟁점으로 부상하였다. 의회 안팎의 격렬한 논쟁과 여론의 지대한 관심 속에 베를린 천도가 결정되었고, 지난 십 수년간 이를 꾸준히 준비해 왔으며, 1999년 9월 연방의회와 행정부의 이전으로 천도는 물리적 측면에서 일단 종결되었다. 하지만 천도에 따른 정치적, 경제적, 사회 심리적인 영향은 적지 않을 뿐만 아니라, 앞으로도 계속될 전망이다. 천도가 좁게는 동서베를린과 동서독간의 대립과 갈등을 극복하고 국민적 일체성을 이끌어내야 하는 실천적 노력을 의미하지만, 보다 넓게는 21세기 유럽의 역학관계에 있어 독일의 지정 지경학적 전략과도 밀접히 연계되어 있다고 할 수 있다.

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가정안전에 대한 사회자본의 효과 분석: 1인가구와 한부모가구를 중심으로 (A Study on the Effect of Social Capital on Family Safety of One-Person and Single-Parent Households in Korea)

  • 서지원
    • 가족자원경영과 정책
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    • 제21권2호
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    • pp.25-50
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    • 2017
  • Recently, concern about family safety is rising again as an important issue with the context of family healthiness and well-being in Korean society despite of the dramatic economic growth. The purpose of this study is to examine the status of family safety of singles and single-parent households and to investigate the effect of social capital on the level of their family safety. Data are from the 10th wave of Korea Welfare Panel Study analysing one-person households(N=2,017) and single-parent households(N=172). One-person households were categorized as three groups by age(the youths/middle-aged/the elderly) and single-parent households were also three by family types(mother-child/fahter-child/grandparent-child). The major results were as follows: First, the mean of family safety index was highest among middle-aged, while single youths had the fewest problems in terms of family safety. Second, social capital was found to vary by family structure. In the one-person households, all the levels of the social capital variables, including trust, bond, acceptance, and participation, differed significantly; only two variables, bond and embracement, differed in the single-parent households. Third, social capital differed between the low-income households and others significantly. Forth, the positive effects of social capital on overcoming family safety problems were investigated. In conclusion, social capital represents an alternative resource for overcoming economic hardship for low-income one-person/single-parent households, especially for middle-aged singles and father-child single-parent households. Based on these empirical results, theoretical implications were discussed with regard to family policy and programs.