• Title/Summary/Keyword: governmental support

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Factors Affecting the Development of Vietnamese Construction and Real Estate Companies

  • PHAN, Giang Lam;NGUYEN, Thuy Dieu;NGUYEN, Chi Thi;NGUYEN, Lan;TRAN, Le Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.93-104
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    • 2022
  • This study aims to investigate the factors that contribute to the sustainable development of 334 Vietnamese construction and real estate companies listed on the Stock Exchange of Vietnam over a 5-year period from 2016 to 2020. By using regression analysis with the support of STATA software through examining the financial statements, which involves looking into crucial ratios including capital structure, profitability, firm size, accounts receivable management, and tangible assets investment, this study sheds light on whether these accounting indicators could help predict the construction and real estate companies growing potential in the future. Nevertheless, these ratios slightly contribute to the explanation of the change in revenue growth ratio, with a result of 1.6%, indicating that the value relevance of accounting information provides a modest and insignificant effect on investment decisions. This is understandable because the Vietnamese construction and real estate market still has many shortcomings in handling unexpected events, as well as the industry's peculiarities related to major capital sources from bank loans. Based on this study, governmental authorities and business executives should plan appropriate risk management policies and measures to contribute to the sustainable development of construction and real estate companies.

A Study on the Military Service Substitution Institutional Plan for the Agriculture and Fisheries Successor (후계농어업인 병역대체제도 도입방안에 관한 연구)

  • Kwon, Y.H.;Suh, G.S.;Park, S.Y.
    • Journal of Practical Agriculture & Fisheries Research
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    • v.12 no.1
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    • pp.79-93
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    • 2010
  • Korea National College of Agriculture and Fisheries start school at 1997 and 10 for 2,066 people graduate and is becoming the help in youth agriculture and fishery manager education. But recently according to industrial functional staff institutional abolition policy of the government is forecast with the fact that will have a failure to agriculture and fishery manager education. Korea National College of Agriculture and Fisheries was founded for a succession agriculture and fishery manager education. When but while attending military service is under and the education which is continuous is difficult. When after college graduating the reeducation for the agriculture which goes to the military service is necessary. Also Part of the graduate can not participate to agriculture and fishery. This is consistency lack of governmental policy and there is worry which will be criticized. According to FTA agreements the damage is forecast in agriculture and Fisheries. Also prevents the instability of the food supply and which follows in global environment change, respects the stable supply of the foodstuffs which is safe from the agriculture and Fisheries support of the nation is necessary. Consequently proposed the military service substitution institutional plan for the agriculture fishery successor.

A Study on Human-AI Collaboration Process to Support Evidence-Based National Innovation Monitoring: Case Study on Ministry of Oceans and Fisheries (Human-AI 협력 프로세스 기반의 증거기반 국가혁신 모니터링 연구: 해양수산부 사례)

  • Jung Sun Lim;Seoung Hun Bae;Kil-Ho Ryu;Sang-Gook Kim
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.46 no.2
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    • pp.22-31
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    • 2023
  • Governments around the world are enacting laws mandating explainable traceability when using AI(Artificial Intelligence) to solve real-world problems. HAI(Human-Centric Artificial Intelligence) is an approach that induces human decision-making through Human-AI collaboration. This research presents a case study that implements the Human-AI collaboration to achieve explainable traceability in governmental data analysis. The Human-AI collaboration explored in this study performs AI inferences for generating labels, followed by AI interpretation to make results more explainable and traceable. The study utilized an example dataset from the Ministry of Oceans and Fisheries to reproduce the Human-AI collaboration process used in actual policy-making, in which the Ministry of Science and ICT utilized R&D PIE(R&D Platform for Investment and Evaluation) to build a government investment portfolio.

An Analysis of Factors Affecting Intention of Farmers to Participate in Integrated Export Organizations

  • KIM, Dong-Hwan;CHUN, Chan-Ik
    • The Journal of Industrial Distribution & Business
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    • v.14 no.1
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    • pp.13-20
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    • 2023
  • Purpose: The integrated export organization for agricultural products is an export marketing organization established by joint participation of famers, farmer organizations, and exporters. The purpose of this study is to analyze the factors affecting the intention of farmers to participate in integrated export organizations. Research design, data and methodology: The multiple regression analysis was used to identify factors affecting intention of pear and mushroom farms to participate in the integrated export organizations. Results: It is shown that the lower farm age, the higher the need for consolidation of export companies, and the lower the government support for the integrated export organizations, the higher the willingness to participate in integrated export organizations. However, export experience, export scale, awareness level of integrated export organizations, and check price level did not significantly affect the intention to participate in integrated export organizations. Conclusions: It is desirable to promote export organizations of agricultural products among relatively young farmers and to reform their consciousness through emphasizing education for them. In addition, integrated export organizations should avoid disorderly competition by consolidating export companies. Lastly, governmental policies should be pursued in a direction that enables farmers and export companies to strengthen their competitiveness on their own.

Determining Subsidies for Banks in Policy Loans to Innovative SMEs (혁신형 중소기업 정책금융에 대한 금융기관 지원금 결정모형)

  • Kim, Sung-Hwan;Seol, Byung-Moon
    • Journal of the Korean Operations Research and Management Science Society
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    • v.34 no.2
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    • pp.1-13
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    • 2009
  • In this paper, we develop theoretical game models to determine the level of government subsidies for banks to provide policy loans to Innovative SMEs(small and medium sized enterprises) through banks, which otherwise would not finance them for the sake of their own profitability. For this, we compare net cash flows of each bank using different strategies against high risk innovative SMEs. A bank can decide whether to provide them loans or not In each period. Following Kim(2003)'s Infinite horizon model on the soft budget constraint, we introduce a situation in which banks compete against each other for higher net long-term payoffs from their loans to innovative SMEs and non-innovative SMEs. From the models, we show that competition among banks in general leads to a tighter decision against innovative SMEs, as a Nash equilibrium. It is not because the government bank is simply loose in providing loans, but because competition among commercial banks for fewer riskier borrowers results in tighter loan decisions against innovative SMEs. Thus, the competitive market for policy loans to innovative SMEs fails to reach the socially optimal level of loans for innovative SMMs. Commercial banks in the competitive market may require additional supports from the government to make up for the differences in their payoffs to support innovative SMEs, possibly much riskier due to moral hazards and poor discounted cash flows. The monopolistic government bank might also request such supports from the government to fund otherwise unqualified SMEs. We calculate an optimal level of governmental support for banks to guarantee funding such high-risk innovative SMEs over periods without deviating from their optimal Nash equilibrium policies.

Historical Essay on the Growth of Modern Big Business Corporations and the Formation of Business Groups in Korea - With the Focus on the Government Intervention (한국의 근대적 대기업 및 기업집단 형성사 - 정부 개입(1960년대와 70년대)을 중심으로)

  • Baek, Gwang-Gi
    • Korean Business Review
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    • v.17
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    • pp.27-52
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    • 2004
  • The miraculous growth of Korean economy and its business corporations during 1960' s and 1970's are mainly due to the government leadership and its market intervention. We can find the reasons why the government initiated economic growth plan was so successful in Korea in its efficient bureaucratic government system and fair discipline to the corporations based on its contribution to the economy. During 1960's, the primary factors for the growth of business entities and the formation of business groups were the financial special favor, the preferential treatment in the new industry entrance and the merge & acquisition, lavish export incentives from the government, and the export explosion to Vietnam. During 1970's, the substantial deduction of corporations' private debt, enormous support in heavy industry investment, special benefits to general trading companies by the government, and the construction export to the Middle-East were the main causes of the business growth and the business groups formation. Also, the economic rent for the big companies had still been effective since 1960's. However, the preferential benefit to the big companies made them to diversify into the unrelated business ares and to be in very vulnerable financial position. The governmental support brought about the monopoly as well.

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Objective Research about Effective Outplacement Education for Discharged Soldiers (제대군인의 효과적인 전직지원 교육을 위한 실증적 연구)

  • Koo, Young Hui;Lee, Young Uk
    • Convergence Security Journal
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    • v.14 no.6_1
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    • pp.65-73
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    • 2014
  • For many years, there have been many researches and guidelines to improve the employment rate of discharged soldiers. However, there have not been enough effective analysis conducted about the outplacement service and improvement guidelines. That is the reason why the satisfaction level of governmental supporting programs for the discharged soldiers stays at low level. Therefore, a methodical approach is needed for the discharged soldiers who have dedicated their services for many years for the sake of the country's security. For this reason, tools which can support build an effective outplacement service for the discharged soldiers are required. In this study, psychological, structural and environmental aspect of discharged soldiers were surveyed at the cognitive level based on the soldiers waiting for the discharge from military service. As a result, it became clear that psychological advice or support and job training for the discharged soldiers who executed long-term service are urgent. In addition, an efficient system can control and maintain the system mentioned above.

The Problems of Cooperative Medical System of Oriental and Western Medicine and Their Solutions (한.양방 협진의 실태 및 문제점과 나아가야 할 방향)

  • Lee, Won-Chul
    • The Journal of Korean Medicine
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    • v.20 no.2
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    • pp.3-11
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    • 1999
  • The Korean system of health and medical care has been organized with both Oriental and Western medical sciences. To get complete clinical treatment results is not possible with only one-sided medical care, therefore we need to formulate an interdisciplinary plan for better health care, that is to say our ultimate purpose is the cooperative medical care for the promotion of social welfare and health. Hereupon, I made a searching inquiry into the present condition of cooperative medical care and its problems and also took a consideration into the medical state of other countries like China. Japan and North Korea where the Oriental medical care is used. The results of this investigation are as follows. There are some problems in both Oriental and Western(general) medical care, such as a lack of mutual confidence, a severance of interdisciplinary study, a shortage of professional human resources and so on. There also used to be problems of the system such as, the responsibility of medical care, the double charge for medical treatment, the governmental passive participation and policy, the private-oriented study system and so on. The solutions of these problems are that the mutual understanding and coexistence between both Oriental and Western medical sciences should be preceded and the interdisciplinary study, identified terminology and cooperative medical specialists would be necessary. Furthermore, the government has to seek some policies and legislation for the cooperative medical system and needs to support the public research institutes and centers of the cooperative medical care. After all, we have to train the cooperative medical specialists for the mutual aid of both Oriental and Western medical sciences and the government also has to support it with some policies and legislation for the better medical care system.

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A Study for Analyzing Status of Korean Minority Media Market and Promoting its Competitiveness (해외 한국어 방송사 실태 분석 및 경쟁력 제고 방안 연구)

  • Lee, Moon-Haeng
    • The Journal of the Korea Contents Association
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    • v.17 no.10
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    • pp.686-695
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    • 2017
  • Advancement in media technology has brought about changes to the scene of ethnic minority media. As now platforms started to convey information about mother country as well as new nation. This study examines the actual status of Korean minority broadcasting companies and promoting its competitiveness through interviews and survey of media companies. The result shows that Korean ethnic broadcasting market is facing severe competition and decrease in profit by entering Korean terrestrial TV companies. Therefore, supports of Korean government is essential for promoting competitiveness of Korean minority media companies. Through voces of Korean minority media companies, we will search for find out solutions : support of production cost, supply of Korean programs, and training programs for promoting the capability of production staffs.

A Comparative Study Between the Approved Maintenance Organizations for MROs of FAA and EASA (FAA와 EASA의 MRO 조직인증제도에 대한 비교연구)

  • Kim, Jo-Bok;Lee, Jin;Hurr, Hee-young
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.25 no.3
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    • pp.123-134
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    • 2017
  • In order to advance into the MRO industry, the Aviation maintenance organization with suitable for the standards for personnel, facilities and operations should be first approved by FAA and EASA. The purpose of study is designed to arrange the standards required for personnel, facility, operation rule for approval of Repair Station maintenance organizations certified by FAA PART 145 of the US Federal Aviation Regulation. Also to consider the following differences through the comparative analysis with domestic AMO certification of the information in the Management, Maintenance Process, and Quality System for approval of maintenance organization authorized, the additional EASA PART 145. As a comparative analysis on maintenance organization certification in the country between FAA and EASA, this study could show us that domestic maintenance organization, certified manual contents are used by applying just many of the FAA system. And we could know that as part of the EASA maintenance organization certification process, airmen personnel were relatively systematically segmented and controlled. For domestic maintenance organization certification, operational as policy implications we would like to present policy implications such as the implication of rating system of Aviation Mechanic License like EASA, the financial support of the training center to resolve the shortage of the FAA or EASA license holders, operational organization as "CAMO" for systematic aviation mechanic certified system should be required, continued construction of hangar or MRO for airworthiness repair under Governmental support, and varied application of DER system from FAA accordingly.