• Title/Summary/Keyword: empirical ratio

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The Relationship between the Career Preparation Behavior, Parental Social Support, Career Decision Making Self-Efficacy, and the Career Maturity of the Pre-Service Elementary School Teachers (교육대학생의 진로준비행동과 부모의 사회적 지지, 진로결정자기효능감 및 진로성숙의 관계)

  • Keum, Jiheon
    • Journal of the Korean Home Economics Association
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    • v.50 no.7
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    • pp.59-66
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    • 2012
  • The purpose of this study was to identify a causal relationship in the career preparation behavior, parental social support, career decision making self-efficacy and the career maturity of the pre-service elementary school teachers. A total of 374 questionnaires were used for data analysis, excluding the 23 copies deemed insincere in response. To ensure the reliability and validity of the questions, technical statistics of the frequency, ratio, average, standard deviation, skewness, and kurtosis via PASW 18.0, item-total correlation, the totality, and the reliability analysis. The structural analysis via AMOS 7.0 in the bootstrapping method was undertaken to perform the path analysis among the variables and to assess the suitability of the model. The findings of the study led to the following conclusions: First, the causal model for the career preparation behavior, parental social support, career decision making self-efficacy, and the career maturity of the pre-service elementary school teachers is suitable to empirical analysis on research variables. Second, the career decision making self-efficacy of pre-service elementary teachers has direct effect on career preparation behavior positively. Third, parental social support of the pre-service elementary teachers has indirect effects on the career preparation behavior positively.

Determinants of Profit Growth in Food and Beverage Companies in Indonesia

  • ENDRI, Endri;SARI, Aprida Kartika;BUDIASIH, Yanti;YULIANTINI, Tine;KASMIR, Kasmir
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.739-748
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    • 2020
  • The study aims to estimate the effect of current ratio (CR), current liability to inventory (CLI), total asset turnover (TAT), net profit margin (NPM), sales growth (SG), and company size (FS) on profit growth (PG). The research population was 18 companies in the Food and Beverage (F&B) sector listed on the Indonesia Stock Exchange (IDX) from 2014-2018. The data estimation method uses the common effect panel data regression model. The empirical findings show that the CR and CLI ratios have a negative effect on PG, while the TAT, NPM, and SG ratios have a positive effect. Company size is a factor that does not affect the growth of company profits. The results of the study imply that an increase in company profits can be achieved if the company operates efficiently and with low liquidity to encourage higher sales growth. The limitations of the research are as follows: first, this research considers only one type of industry, hence the results of this study would not be the same if applied to another type of industry. Second, the author observes profit growth by using the company's financial ratios and size and ignores other factors that may affect profit growth, for example, the number of employees, total net sales, and market capitalization.

How Do the Banks Determine Regulatory Capital, Risk, and Cost Inefficiency in Bangladesh?

  • RAHMAN, Mohammad Morshedur;CHOWDHURY, Md. Ali Arshad;MOUDUD-UL-HUQ, Syed
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.211-222
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    • 2020
  • This study examines simultaneous relationships between regulatory capital, risk, and cost-inefficiency for a sample of 30 commercial banks in Bangladesh from 2006 to 2018. To conduct the analysis, we used the Generalized Methods of Moments (GMM) in an unbalanced panel data framework. The empirical results show that there is a negative and significant relationship between capital regulation and credit, and overall risk. It is also evident from the results that the capital adequacy ratio is positively and significantly related to default risk and liquidity risk. Therefore, higher capitalized banks take an effort to prevent more credit risk and promote financial stability by reducing liquidity risk. Results also report that banks have been characterized as inefficient, less capitalized, and high risk. On the other hand, efficient banks are more stable but have a high level of liquidity risk. Besides, from the size of the bank, large banks are defined as having lower regulatory capital, are more risk seekers but stable with higher cost-efficiency. Notably, higher capitalized banks are more profitable and cost-efficient by reducing risk. Finally, this study also provides some insightful policy suggestions to the stakeholders.

Nexus between Indian Economic Growth and Financial Development: A Non-Linear ARDL Approach

  • KUMAR, Kundan;PARAMANIK, Rajendra Narayan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.109-116
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    • 2020
  • The study examines the nexus between financial development and economic growth in India during Q1: 1996 to Q3: 2018. This study employs time-series data of real GDP and ratio of broad money to GDP as a proxy for economic and financial development, respectively. The data are obtained from RBI database on the Indian economy. All variables are seasonally adjusted using X12-arima technique and expressed in natural logarithm form. Non-linear Autoregressive Distributed Lag (NARDL) bound test has been used to check for cointegrating relationship of these two variables. Empirical findings suggest that, unlike in the short run, in the long run financial development does impact economic growth positively. Further, a symmetric effect of positive and negative components of financial development is found for the Indian economy, whereas the effect of control variable like exchange rate and trade openness is in consonance with common economic intuition. Exchange rate is in consonance with intuitive economic logic that a fall in exchange rate makes exports cheaper and increases the quantity of export, which improves the balance of payment and leads to a rise in aggregate demand, hence improves economic growth. This paper contributes to the existing literature on India by breaking down financial indicator into positive and negative components to examine the finance-growth relationship.

Comparing Financial Portfolios and Housing Wealth Effects of Single Income and Dual Income Couples (외벌이와 맞벌이 부부가구의 자산포트폴리오 특성 및 주택자산효과 차이 비교)

  • Lee, Hyunjeong
    • Journal of the Korean housing association
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    • v.27 no.6
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    • pp.95-104
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    • 2016
  • The purpose of this research is to compare housing wealth effects of home-owning single income couples (SIC) and dual income couples (DIC) on their non-durable consumption and to assess the effects by location, age groups, housing structure type, debt-to-asset ratio and employment status. Using the Korean Labor and Income Panel Study (KLIPS) of 2014, this empirical study identified 1,198 SIC households and 1,044 DIC households, and employed multiple regression analysis. The main results reveal that the difference of financial portfolios between SIC and DIC households was little but housing wealth effects were stronger among SIC households than DIC counterpart. It's evident that housing wealth effects were conspicuous for SIC and DIC households who were headed by wage earners aged over 40s, and resided in apartment outside the Seoul Metropolitan Area. However, household debt became a determinant in contradicting housing wealth effects of SIC and DIC households. While the household financial dimension was in proportion to income, DIC households didn't gain much financial security due to increasing expenditure. Further, this research imply that liquidity constraints explicitly posed a more serious threat to SIC households whose dependence on housing asset is larger than their counterpart.

Characteristics of the Interfacial Friction Factor in Countercurrent Two-Phase Flows (반류 2상유동에서의 계면마찰계수의 특성)

  • 이상천;김동수
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.15 no.1
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    • pp.299-307
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    • 1991
  • A unified correlation of the interfacial friction factor for air-water and steam-water flows in inclined rectangular channels has been developed. The correlation was expressed in the form of a power law of the liquid and the gas Reynolds number, and the liquid-to-gas viscosity ratio. In addition, a relation between the equivalent roughness and the intensity of wave height fluctuation of the interface has been investigated. A new dimensionless intensity of fluctuation including a liquid film Reynolds number is proposed. It has been shown that the dimensionless equivalent roughness, which is calculated from the Nikuradse equation, can be uniquely related to this dimensionless intensity of fluctuation for both air-water and steam-water flows.

Prediction of Fracture Resistance Curves for Nuclear Piping Materials (원자력 배관재료의 파괴저항곡선 예측)

  • 장윤석;석창성;김영진
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.19 no.4
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    • pp.1051-1061
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    • 1995
  • In order perform leak-before-break design of nuclear piping systems and integrity evaluation of reactor vessels, full stress-strain (.sigma. - .epsilon.) curves and fracture resistance (J-R) curves are required. However it is time-consuming and expensive to obtain J-R curves experimentally. The objective of this paper is to develop two methods for J-R curve prediction. In the first method, elastic-plastic finite element analyses for a series of crack length / specimen width ratio were performed. Accordingly the load versus load line displacement (P .delta.) curve corresponding to the fracture strain is obtained and the J-R curve based on the generalized locus method is obtained. In the second method, the correlation between .sigma.-.epsilon. curves and J-R curves was statistically analyzed and an empirical equation to predict the J-R curve from the .sigma.-.epsilon. test result is proposed. A good correlation between the predicted results based on the proposed methods and the experimental ones is obtained.

The Comparative Analysis of Financial Factors that influence on Corporate's Survival and Bankruptcy : Before and After Foreign Exchange Crisis in Korea (기업의 생존과 도산에 영향을 미치는 재무요인에 대한 실증분석 : 우리나라 외환위기 전.후 비교)

  • Bae, Young-Im;Song, Sung-Hwan;Hong, Soon-Ki;Yu, Sung-Yoon
    • IE interfaces
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    • v.21 no.4
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    • pp.385-393
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    • 2008
  • Corporate's survival or bankruptcy has been determined by interaction of macroeconomic environment, industrial dynamic environment and internal process of corporate. This study attempts to examine financial factors' differences that have influence on corporate's survival or bankruptcy before and after foreign exchange crisis in Korea. The first previous empirical study that researched the cause of corporate's survival or bankruptcy in the financial ratios was attempted by Altman in 1968. Recently various survival analysis models have been published. In this paper, Multiple Discriminant Analysis model is used. We divide analytical periods into before and after foreign exchange crisis and sample randomly survival or bankruptcy firms for each period. Independent variables are financial ratios which represent growth, profitability, activity, liquidity and productivity. In conclusion, this paper examines hypothesis as "There are differences of significant financial factors before and after foreign exchange crisis."

Behaviour of Shallow Foundations Subjected to Blast Loads and Related Liquefaction

  • Ritika, Sangroya;Choudhury, Deepankar;Park, Young Jin;Shin, Eun Chul
    • Journal of the Korean GEO-environmental Society
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    • v.18 no.10
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    • pp.5-14
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    • 2017
  • In recent years, world has witnessed many man-made activities related to both above and underground blasts. Details on behaviour of shallow foundations subjected to blast loads and induced liquefaction is scarce in literature. In this paper, typical shallow strip foundation in saturated cohesionless soils subjected to both above and underground blasting have been simulated by using finite difference based numerical model FLAC3D. Peak particle velocity (PPV) has been obtained to propose critical values for which bearing capacity failure for shallow foundations with soil liquefaction can occur. Typical results for pore pressure ratio (PPR) for various scaled distances are compared to PPR values obtained by using empirical equation available in literature which shows good agreement. Critical design values obtained in the present study for PPV and PPR to estimate the scaled distance, bearing capacity failure and liquefaction susceptibility can be used effectively for design of shallow strip foundation in cohesionless soil subjected to both above and under ground blast loads.

Design of a Turbine System for Liquid Rocket Engines (액체로켓용 터빈시스템 설계)

  • Lee, Dae-Sung;Choi, Chang-Ho;Kim, Jin-Han;Yang, Soo-Seok
    • The KSFM Journal of Fluid Machinery
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    • v.5 no.4 s.17
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    • pp.11-18
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    • 2002
  • A turbopump system composed of two pumps and one turbine is considered. The turbine composed of a nozzle and a rotor is used to drive the pumps while gas passes through the nozzle and potential energy is converted to kinetic energy, which forces the rotor blades to spin. In this study, an aerodynamic design of turbine system is investigated with some pre-determined design requirements (i.e., pressure ratio, rotational speed, required power, etc.) following Liquid Rocket Engine (L.R.E.) system specifications. For simplicity of turbine system, impulse-type rotor blades for open-type L.R.E. have been chosen. Usually, the open-type turbine system requires low mass flow-rate compared to close-type system. In this study, a partial admission nozzle is adopted to maximize the efficiency of the open-type turbine system. A design methodology of turbine system was introduced. Especially, partial admission nozzle was designed by means of simple empirical correlations between efficiency and configuration of the nozzle. Finally, a turbine system design is presented for a 10 ton thrust level of L.R.E.