• Title/Summary/Keyword: institutional efficiency

검색결과 201건 처리시간 0.023초

A Study on the Efficiency of the Foreign Exchange Markets: Evidence from Korea, Japan and China

  • Yoon, Il-Hyun;Kim, Yong-Min
    • 아태비즈니스연구
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    • 제11권1호
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    • pp.61-75
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    • 2020
  • Purpose - The purpose of this study was to examine the efficiency of the foreign exchange markets in Korea, Japan and China. Design/methodology/approach - This study collected 1327 observations each of the daily closing exchange rates of the three currencies against the US dollar for the sample period from January 1, 2015 to January 31, 2020, based on the tests for autocorrelation, unit root tests and GARCH-M(1,1) model estimation. Findings - We have found that the autocorrelation test indicates the lack of autocorrelation and unit root test confirms the existence of unit roots in all times series of the three currencies, respectively. The GARCH-M(1,1) test results, however, suggest that the exchange rates do not follow a random walk process. In conclusion, the recent spot foreign exchange markets in Korea, Japan and China are believed to be informationally inefficient. Research implications or Originality - These findings have practical implications for both individual and institutional investors to be able to obtain excess returns on their investments in the foreign exchange markets in three countries by using appropriate risk management, portfolio strategy, technical analysis, etc. This study provides the first empirical examination on the foreign exchange market efficiency in the three biggest economies in Asia including China, which has been excluded from research due to its exchange rate regime.

A Study of Institutional Status of Risk Management for Radiotherapy in Foreign Country

  • Lee, Soon Sung;Shin, Dong Oh;Ji, Young Hoon;Kim, Dong Wook;An, Sohyoun;Park, Dong-Wook;Cho, Gyu Suk;Kim, Kum-Bae;Koo, Jihye;Oh, Yoon-Jin;Choi, Sang Hyoun
    • 한국의학물리학회지:의학물리
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    • 제27권3호
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    • pp.139-145
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    • 2016
  • With the development in field of industry and medicine, new machines and techniques are being launched. Moreover, the complexity of the techniques is associated to an increasing risk of incident. Especially, a small error in radiotherapy can lead to a serious patient-related incident, risk management is necessary in radiotherapy in order to reduce the risk of incident. However, in field of radiotherapy, there are no legally binding clauses for risk management and there is an absence of risk management systems at an institutional level. Therefore, we analyzed institutional status of risk management, reporting & classification systems, and risk assessment & analysis in 31 countries. For risk management and reporting systems, 65% of countries investigated had legislation or regulations; however, only 35% of countries used classification systems. It was found that 43% more countries had legislation for risk management in healthcare than those for radiotherapy; 19% more countries had reporting systems for healthcare than those for radiotherapy. For classification systems, 60% more countries had legislation, recommendation, and guidelines in the field of radiotherapy than those for healthcare. Recently, international institutes have published several reports for risk management and patient safety in radiotherapy, owing to which, countries adopting risk management for radiotherapy will gradually increase. Before adopting risk management in Korea, we should precisely understand the procedures and functions of risk management, in order to increase efficiency of risk management because classification & reporting system and risk assessment & analysis are connected organically, and institutional management is needed for high quality of risk management in Korea.

본부와 방면 - 대순진리회 종교조직의 특성 - (Bonbu and Bangmyeon: The Lineage Principle in Daesoon Jinrihoe)

  • 에드워드 아이런
    • 대순사상논총
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    • 제35집
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    • pp.427-476
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    • 2020
  • 대순진리회는 1969년 박우당에 의해 공식적으로 창설되었다. 이 글은 대순진리회가 증산을 신앙하는 다른 종단과 역사와 사상을 공유하고 있지만 조직 측면에서 타종단과 구별됨을 보여주고자 한다. 대순진리회 조직의 양대 기구인 본부와 방면은 대순진리회가 신종교로서 급속한 성장을 이루는 데 서로 기여했다. 본부는 중앙 집권적인 위계질서가 있는 반면, 방면은 친족 같은 강한 충성도와 공동체의식을 보여준다. 두 조직 기구에 공통적인 특성은 계보(lineage) 개념으로 이는 대순진리회 양대 조직의 분절화 원리이다. 미세하게 균형 잡힌 두 조직기구는 대순진리회의 종교적 사명 실현에 크게 기여했다. 균형의 첫 번째 축은 본부이다. 본부는 여주와 여주 외 지역 도장 및 수련센터의 핵심 종단 기구를 포함한다. 이러한 기구들은 모두 박우당 도전에 의해 설립되었다. 박우당 도전은 종단 운영의 제반사항을 총괄하는 종단의 헌법 곧 도헌을 제정하였다. 중앙종의회로부터 포덕, 감사, 기획 등에 이르는 본부의 제반 운영은 박우당 도전의 운영지침에 충실히 부합한다. 균형의 두 번째 축은 방면이다. 비교적 대규모 방면들은 그 자체가 복합적인 조직이다. 이 연구의 결론은 본부와 방면이라는 양대 축에 대한 조직유형적 특성구분이다. 로버트 퀸과 킴 카메론의 분류에 따른다면 대순진리회의 본부는 효율성을 중시하는 전형적인 중앙집권화 조직이다. 이에 반해 방면은 집단정체성과 공동체의식을 중시하는 친족에 가까운 조직이다.

Institutional Applications of Eclipse Scripting Programming Interface to Clinical Workflows in Radiation Oncology

  • Kim, Hojin;Kwak, Jungwon;Jeong, Chiyoung;Cho, Byungchul
    • 한국의학물리학회지:의학물리
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    • 제28권3호
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    • pp.122-128
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    • 2017
  • Eclipse Scripting Application Programming Interface (ESAPI) was devised to enhance the efficiency in such treatment related workflows as contouring, treatment planning, plan quality measure, and data-mining by communicating with the treatment planning system (TPS). It is provided in the form of C# programming based toolbox, which could be modified to fit into the clinical applications. The Scripting program, however, does not offer all potential functionalities that the users intend to develop. The shortcomings can be overcome by combining the Scripting programming with user-executable program on Windows or Linux. The executed program has greater freedom in implementation, which could strengthen the ability and availability of the Scripting on the clinical applications. This work shows the use of the Scripting programming throughout the simple modification of the given toolbox. Besides, it presents the implementation of combining both Scripting and user-executed programming based on MATLAB, applied to automated dynamic MLC wedge and FIF treatment planning procedure for promoting the planning efficiency.

Efficiency of Board Composition on Firm Performance: Empirical Evidence from listed Manufacturing Firms of Bangladesh

  • Rahman, Md. Musfiqur;Saima, Farjana Nur
    • The Journal of Asian Finance, Economics and Business
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    • 제5권2호
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    • pp.53-61
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    • 2018
  • Corporate governance has received massive attention in academic research nowadays due to several recent corporate failures. Inefficiency of corporate governance mechanisms have driven the minds of the researchers and the policy makers to look with more insights into this area. Board composition, as part of corporate governance mechanism, plays a significant role to achieve company's goals or objectives and ensure transparency and accountability. The objective of this study is to find out the efficiency of board composition through board size, independent directors and female directors on firm performance in the listed manufacturing firms of Bangladesh. In this study, a sample of 162 firm years are considered as the sample during the period of 2011 to 2016. This study finds that large board is the significant explanatory variable in improving firm performance. This study also shows that board independence and female directors have no significant association with firm performance which implies that instrument of corporate governance mechanism particularly board composition is very weak. This study recommends that code of corporate governance, specially the role of independent directors and female directors, should be reformed in the light of cultural and institutional context along with the effective enforcement.

Acceptable Decontamination Factor for Near-Surface Disposal of PEACER Wastes

  • Kim, Sung-Il;Lee, Kun-Jai
    • 한국방사성폐기물학회:학술대회논문집
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    • 한국방사성폐기물학회 2005년도 Proceedings of The 6th korea-china joint workshop on nuclear waste management
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    • pp.280-289
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    • 2005
  • A pyrochemical process has been introduced and utilized so that the transmutation of spent PWR fuel in PEACER can produce mainly low and intermediate level waste for near surface disposal. Major radioactive nuclides from PEACER pyroprocessing are composed of TRU and LLFP. In this study, the requirement for the final waste from PEACER is evaluated based on the methodology for establishment of waste acceptance criteria. Also, sensitivity analysis for several input parameters is conducted in order to determine acceptable decontamination factor (DF) and LLFP removal efficiency and to find out input parameter that extremely have an effect on DE As a result of the study, LLFP removal efficiency, especially Sr-90 and Tc-99, is proved to be a major nuclide which contributes to annual dose by human intrusion scenario rather than TRU DF. More than $98.5\%$ of LLFP have to be removed to meet below dose constraint within the DF more than 5.0E+03. Besides, because of the relative short half-life of Sr-90, the increasing of the institutional control period is recommended for most important input parameter to determine DF.

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성과분석에 근거한 농업부문 연구개발사업의 개선방안 (Directions for Improving Efficiency of National Agricultural R&D Programs Based on Their Performance Analyses)

  • 정회종;고정호
    • 기술혁신학회지
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    • 제9권4호
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    • pp.759-775
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    • 2006
  • 농림부와 농촌진흥청의 연구개발 사업은 농업기술을 발전시키는데 중요한 요소로 작용해 왔으나, 최근 들어 산학관연 간의 연계연구의 강화에 따라 연구주체가 확대된 이후로 부청간의 역할분담 등의 문제점이 꾸준히 제기되고 있는 상황이다. 이 논문에서는 부청간 농업 세부기술 분야별 성과를 비교하였다. 그 결과, 부청의 사업들은 연구 분야에 있어서 차별성을 보이지 않았다. 이러한 비교분석을 통하여 도출한 문제점 및 개선방향은 향후 부 청간의 역할분담, 농업분야 연구개발사업의 활성화, 연구성과 생산성 개선 등에 다양한 정보를 제공할 것이다.

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중국의 '문건·당안 일체화' 개념 분석 (An Analysis for basic Concepts of The Integrated Management of Records and Archives in China)

  • 서석제
    • 기록학연구
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    • 제10호
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    • pp.198-226
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    • 2004
  • This paper analyses the theories and practices of the integrated management of records and archives in china which means that records and archives management departments should be interrelated each other with organic association and their records and archives be managed in an integrated manner. In 1930s chinese nationalist regime had conducted a campaign for reforming documents and archives management system to increase administrative efficiency called "The Connection of Documents and Archives Management Act(文書檔案連鎖法)". Although this campaign has not been continued to the present, It has been proved to be a quite successful attempt at that time in china and also regarded as an origin of the integrated management of records and archives in china. The practical types of the integrated management of records and archives as follows: first is to establish institutional documents/archives department in charge of managing records and archives in an integrative manner; second, to reform filing system, that is, to file on a case basis or abolish filing system and arrange records on an item level instead; third, to install software application for the integrated management of records and archives in order to make arranging operations convenient by increasing data processing efficiency. The chinese case shows us that the integrated management of records and archives could not be realized until records and archives departments make united efforts to build up a new national records and archives management system based on advanced and scientific principles.

Lifetime Performance of Nili-ravi Buffaloes in Pakistan

  • Bashir, M.K.;Khan, M.S.;Bhatti, S.A.;Iqbal, A.
    • Asian-Australasian Journal of Animal Sciences
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    • 제20권5호
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    • pp.661-668
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    • 2007
  • Data on 1,037 Nili-Ravi buffaloes from four institutional herds were used to study lifetime milk yield, herd life, productive life and breeding efficiency. A general linear model was used to study the environmental effects while an animal model having herd, year of birth and age at first calving (as covariate) along with random animal effect was used to estimate breeding values. The lifetime milk yield, herd life, productive life and breeding efficiency averaged $7,723{\pm}164$ kg, $3,990{\pm}41$ days, $1,061{\pm}19$ days and 64 percent, respectively. All the traits were significantly (p<0.01) affected by the year of birth and herd of calving, while the herd life was also affected (p<0.01) by the age at first calving. The heritabilities for lifetime milk yield, herd life, productive life and breeding efficiency were $0.093{\pm}0.056$, $0.001{\pm}0.055$, $0.144{\pm}0.079$ and 0.001, respectively. The definition for productive life, where each lactation gets credit upto 10 months had slightly better heritability and may be preferred over the definition where no limit is placed on lactation length. The genetic correlation between productive life and lifetime milk yield was low but high between productive life and herd life. The selection for productive life will increase herd life while lifetime milk yield will also improve. The overall phenotypic trend during the period under the study was negative for lifetime milk yield (-280 kg/year), herd life (-93 days), productive life (-42 days/year) and breeding efficiency (-0.36 percent/year), whereas the genetic trend was positive for lifetime milk yield (+15 kg/year) and productive life (+4 days/year).

초효율성 모형을 이용한 지방의료원의 환경요인별 효율성 차이 분석 (Analysis on the Difference in Efficiencies between Environmental Factors of Regional Public Hospitals in Korea using Super-Efficiency Model)

  • 양동현
    • 한국콘텐츠학회논문지
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    • 제12권7호
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    • pp.284-294
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    • 2012
  • 본 연구는 전국지방의료원연합회에서 발간하고 있는 경영평가통계편람에서 2005년부터 2009년까지 지방의료원의 운영실적자료를 이용하여 DEA의 CCR 모형, AP모형, superSBM 모형의 각 효율성을 측정하여 비교 분석하였다. 그리고 환경요인(지역, 종별형태, 운영형태, 교육수련여부, 수요와 공급여건, 의료급여 환자비율)별 superSBM 모형의 효율성의 차이를 확인하기 위하여 Willcoxon- Mann- Whitney 통계량을 이용하여 분석하였다. 분석결과, 첫째, SuperSBM 모형에서 15%~17.1%, CCR 모형에서 13%~15.5%, AP 모형에서 7%~12.6%의 비효율을 보여 주고 있다. 둘째, 지역, 병원종별 형태, 병원운영형태, 수요와 공급여건, 저소득층의 진료비 비중 등 환경적 요인에 따라 효율성의 차이가 발생하였다. 셋째, 환경요인에 의해 발생되는 비효율을 해소하기 위해서는 병원내부의 독자적인 노력만으로 한계가 있으며 정부와 지방자치단체의 정책과 제도의 개선이 뒷받침되어야 한다.