• 제목/요약/키워드: price effects

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기업의 소유구조가 주식수익률에 미치는 영향 (The Effects of Corporate Owner Structure on Stock Returns)

  • 이해영
    • 한국산학기술학회논문지
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    • 제13권7호
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    • pp.2930-2936
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    • 2012
  • 본 연구에서는 2001년 1월부터 2010년 3월까지 한국증권시장에 상장된 365개 표본기업을 대상으로 기업의 소유구조가 주식수익률에 미치는 영향을 패널자료 분석방법을 이용하여 종합적으로 분석하였다. 실증분석결과, 주가수익률에 유의한 영향을 미치는 기업의 소유구조 변수는 기관투자자 지분율, 외국인 지분율인 것으로 나타났다. 기관투자자 지분율은 주식수익률과 양(+)의 유의한 영향을, 외국인지분율은 음(-)의 유의한 영향을 미치는 것으로 확인되었다. 이는 기관투자자들이 경영자를 효율적으로 감시 통제함으로써 대리인비용을 감소시켜 주식수익률을 높인 것으로 볼 수 있다. 한편 외국인투자자들은 기관투자자들과 달리 효율적 감시 통제를 하지 못하는 것으로 보인다. 본 연구에서 제시된 통제변수와 관련하여 기업규모가 커질수록, 장부가치/시장가치비율이 낮을수록, 순이익/주가비율이 높을수록 주식수익률이 높아지는 것으로 분석되었다.

대학 기숙사 급식 서비스 품질 평가가 급식에 대한 관계 지향성에 미치는 영향 -광주광역시 일부 여대생 기숙사를 대상으로- (Effects of a Quality Assessment of a University Dormitory Foodservice on the Relationship Intention toward the Foodservice - Focusing on the University Dormitories for Female Students in Gwangju -)

  • 송은
    • 한국식품영양학회지
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    • 제20권4호
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    • pp.525-534
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    • 2007
  • The purpose of this study was to investigate the effects of a quality assesment of a university dormitory foodservice on the satisfaction degree, value awareness and relationship intention toward the foodservice. A total of 328 questionnaires were completed. Using SPSS package, Cronbach's alpha, analysis of variance and multiple regression analysis were applied. The results are as follows. First, the quality assessment of the foodservice varied depending on the period of service utilization. Customers of less than one year rated the nutrition supply of the university foodservice the highest, followed by those who were customers for more than 3 years and those who were customers for 2 to 3 years, respectively. Second, the quality assessment of the foodservice was substantially influenced by price as compared to service quality. Third, the quality assessment was significantly influenced by the price appropriateness of the foodservice. Fourth, foodservice assessment items such as customer-centeredness, pursuit of nutrition supply and food quality had a meaningful effect on the satisfaction degree toward the university foodservice. Fifth, customer-centeredness, pursuit of nutrition supply and food quality had a significant effect on relationship intention. Sixth, among the items of value awareness for the foodservice, value assessment as compared to service quality, and not price appropriateness, greatly affected the relationship intention. Seventh, the overall degree of satisfaction for the foodservice affected the relationship intention.

한.중 대학생들의 인터넷 의복쇼핑동기와 고객충성도 (Clothing Shopping Motivation on Internet and Customer e-Loyalty among Korean and Chinese College Students)

  • 박혜선;이연;김현숙
    • 한국의류학회지
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    • 제33권11호
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    • pp.1744-1754
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    • 2009
  • This study identifies the main factors of internet clothing shopping motivation and analyzes their effect on customer e-loyalty among Korean and Chinese college students. Data were collected from 300 Koreans and 300 Chinese college students. The survey was statistically analyzed through an exploratory and confirmatory factor analysis, T-test, and structural equation modeling. The factors of clothing shopping motivations were identified as merchandising characteristics, shopping convenience, value price, and hedonic pleasure. Chinese students had stronger motivations for value price and hedonic pleasure; Koreans had stronger motivations for merchandising characteristics. The structural equation model showed that the shopping motivations for merchandising characteristics, shopping convenience, and hedonic pleasure had significant effects on e-loyalty for Chinese students and the motivations for value price had significant effects on e-loyalty for Korean students. The conclusion shows a strategic direction for entering the Chinese e-market.

LNG 가격과 환율 변동을 고려한 복합헤징 효과 분석 (Analysis on the Hedging Effects of Complex Hedging Considering LNG Price and Exchange Rate Risks)

  • 윤원철
    • 자원ㆍ환경경제연구
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    • 제19권4호
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    • pp.753-769
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    • 2010
  • 본 연구에서는 LNG 수입가격과 환율 등 복수의 가격변동 위험이 존재하는 경우 헤징효율성 측면에서 분리헤징과 복합헤징의 비교우위를 실증적으로 분석하였다. 사전적 분석기법을 활용한 실증분석결과에 따르면, 헤징을 하지 않은 경우에 비해 헤징형태에 관계없이 헤징을 통해 조달비용의 평균을 감소시킬 수 있다. 또한 헤징을 통해 표준편차를 감소시킴으로써 보다 안정적인 수익흐름을 확보할 수 있다. 중요한 사실은 분리헤징 형태에 비해 복합헤징 형태로 헤징할 경우 특정 헤징기간에 대해서는 조달비용의 표준편차를 더욱 감소시킬 수 있다는 점이다. 이로써 상품가격과 환율의 위험요소들 사이에 존재하는 분산-공분산 관계를 충분히 활용하는 것이 헤징효과를 향상시키는 데 도움이 될 수 있다는 사실을 확인할 수 있다.

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e마켓플레이스에서 관계교환수준이 구매업무성과에 미치는 영향 (The Effects of the Relational Exchange with eMarketplace on the Purchasing Performance)

  • 권순동;안중호;양희동
    • Asia pacific journal of information systems
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    • 제13권3호
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    • pp.173-193
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    • 2003
  • As the interest in the business-to-business(B2B) electronic commerce is increasing, some companies are participating in the B2B eMarketplaces(electronic marketplaces). The eMarketplace has an effect on the method of B2B transactions or the purchasing performance. The academy and the industry are focused on the cause and the result of this effect. The purpose of this research is to analyze the effects of the relational exchange with eMarketplace on the purchasing performance, considering the supply externality and system integration as intervening variables. This study investigates the second-order effect of eMarketplace in which the degree of improvements in two aspects of purchasing activity(price reduction, purchasing efficiency) depends on the degree of the relational exchange with eMarketplace, namely, the governance of eMarketplace. Our hypotheses on this second order effect were supported. We found that the higher the relational governance, the lower in price reduction, and the better in purchasing efficiency. In more details, the high relational governance lowers the supply externality, and in turn deteriorates the improvement in price reduction. Meanwhile, the high relational governance accelerates the information system integration, and brings the better purchasing efficiency. Our findings suggest that organizations can improve their purchasing activities better if they choose the appropriate eMarketplace governance.

The Impact of COVID-19 on Stock Price: An Application of Event Study Method in Vietnam

  • PHUONG, Lai Cao Mai
    • The Journal of Asian Finance, Economics and Business
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    • 제8권5호
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    • pp.523-531
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    • 2021
  • Vietnam's Oil and gas industry make a significant contribution to the Gross Domestic Product of Vietnam. The ongoing COVID-19 pandemic has hit every industry hard, but perhaps the one industry which has taken the biggest hit is the global oil and gas industry. The purpose of this article is to examine how the COVID-19 pandemic affects the share price of the Vietnam Oil and Gas industry. The event study method applied to Oil and Gas industry index data around three event days includes: (i) The date Vietnam recognized the first patient to be COVID-19 positive was January 23, 2020; (ii) The second outbreak of COVID-19 infection in the community began on March 6, 2020; (iii) The date (30/3/2020) when Vietnam announced the COVID-19 epidemic in the whole territory. This study found that the share price of the Vietnam Oil and Gas industry responded positively after the event (iii) which is manifested by the cumulative abnormal return of CAR (0; 3] = 3.8% and statistically significant at 5 %. In the study, event (ii) has the most negative and strong impact on Oil and Gas stock prices. Events (i) favor negative effects, events (iii) favor positive effects, but abnormal return change sign quickly from positive to negative after the event date and statistically significant shows the change on investors' psychology.

Airline Passenger Repurchase Behavior Intention Model: Moderating Effect of Leisure and Corporate Travel in Korea Market

  • DongRyeol CHOI;Sukhoon CHUNG;Jin-Woo PARK
    • 유통과학연구
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    • 제21권8호
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    • pp.69-82
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    • 2023
  • Purpose: This research aims to explore the effects of airline's pricing and service quality through service distribution process on repurchasing intention of the air passengers with meditations of passenger satisfaction and airline brand. Research design, data and methodology: This paper particularly focused on employing the moderating effect with two different market segmentations, namely leisure and corporate purpose travelers, in the Korean market. The total sample size of this research is 363 respondents of the general public in Korea. For the methodology of this research, structural equation modeling (SEM) was utilized for the statistical analysis. Results: It figured out that passenger satisfaction is ultimately the most important among variables of price, service quality and repurchase intention for both groups. On the contrary, the relationships, between price and airline brand in both groups, and between airline brand and repurchase intention in the leisure travel only, were not noted as beneficial effects. Conclusions: More noteworthy was that airline brand had a positive influence on repurchase intention in the corporate travel group. Based on this research, the results will deliver the contributions to the commercial airlines in the future.

약선음식의 선택속성이 만족도와 관계지속의도에 미치는 영향 (Effects of Selection Attributes on Satisfaction and Relationship Retention in Yaksun Cuisine)

  • 박대순
    • 한국식생활문화학회지
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    • 제33권4호
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    • pp.354-362
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    • 2018
  • With increasing interest in the health and safety of food served in restaurants, more emphasis is being placed on the importance of health and food. As a result, Yaksun cuisine with new added effects and image is becoming more popular as a way to improve people's health. This study analyzed the effects of selection attributes relating to Yaksun cuisine on customer satisfaction and intention to maintain relationship in order to understand various needs of consumers as they relate to health food. The results showed that, among selection attributes of Yaksun cuisine, price, safety, and health were found to have significant effects on customer satisfaction; however, the effect of quality on satisfaction was not verified. Moreover, while the effect of safety and health of Yaksun cuisine on the intention to maintain relationship was found to be significant, the effects of quality and price on the intention to maintain relationship were not verified. These findings suggest that consumers believe Yaksun cuisine is more beneficial for health than general food and trust the origin label, hygiene, and safety of ingredients in Yaksun cuisine. Therefore, the results of this study suggests providing opportunities for consumers to experience diverse tastes in Yaksun cuisine and that development and promotion of different recipes using Yaksun ingredients will help reinforce competitiveness of Yaksun cuisine in the market and increase sales.

공공 건설공사 담합이 낙찰에 미치는 영향 분석 연구 (A Study on Collusion Effects for Bid Award in Public Construction Works)

  • 김명수
    • 한국건설관리학회논문집
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    • 제21권1호
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    • pp.12-20
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    • 2020
  • 본 연구에서는 기본적으로 로짓모형, 즉 선택변수 모형을 사용하여 가격, 기술점수는 물론 담합여부, 경쟁정도, 제도적 요인, 공사의 특성 등이 공공공사 낙찰에 영향을 미치는지를 분석하였다. 특히 최근 논란이 되고 있는 담합여부가 낙찰에 미치는 부분에 주목하였다. 본 연구의 주요 실증결과와 시사점은 다음과 같다. 먼저 담합은 낙찰에 직접적인 영향은 미미하지만, 담합 및 비담합의 경우에 따라 입찰행태에 영향을 주는 것으로 나타났다. 두 번째로 낙찰에 영향을 주는 변수 중 설계가 계수 상으로는 가장 중요하고 유의한 요인으로 나타났다. 세 번째로 입찰참가자수로 측정된 경쟁의 정도도 낙찰에 중요한 역할을 하는 것으로 나타났다. 마지막으로 제도적 요인과 공사 특성에 따라 가격, 설계점수, 담합, 경쟁정도의 영향이 다르게 나타나, 이들도 입찰에 영향을 미치는 것으로 분석되었다.

음식점의 이미지 구성요인에 관한 연구 -전주시내 비빔밥 전문점을 대상으로- (A Study on the Constitutional Factors of the Images of Easting House -Targeting the Bibimbap-Specialty Eating House located in Jeonju City-)

  • 민계홍
    • 한국조리학회지
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    • 제10권1호
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    • pp.82-95
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    • 2004
  • This study had an aim to analyze the relationship between consumers' selection of restaurant and constitutional factors of the images of Bibimbap Specialty restaurant. The study examined through constitutional factors including hygiene, employee, facility, brand, convenience, price and food, and found those effects on selection of restaurant. In addition, the image of restaurant had an effect on that of hygiene and employee, price and food in order.

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