• 제목/요약/키워드: propensity

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Overinvestment Propensity and Firm's Value

  • LEE, Ki Se;JEON, Seong Il
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.49-59
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    • 2021
  • This study empirically analyzes the effect of firm overinvestment propensity on the value relevance of capital investment. In order to verify this point, this study attempts to analyze the value relevance of overinvestment firms' capital investments. The analysis was performed according to the model of Biddle et al. (2009) and McNichols and Stubben (2008) on overinvestment propensity for analysis, and the results are as follows. First, in terms of overinvestment, corporate capital investment shows negative value relevance, so the excessive investments above reasonable levels have reduced firm's value. In contrast, the value relevance for capital investment showed a positive value for firms whose managerial propensity changed, that is, from under-investment in the previous year, it shifted to overinvestment in the current year. Second, as a result of analyzing the value relevance of the investment increase according to the investment propensity, the overinvestment firms showed negative values and the underinvested firms showed positive values; thus, the value relevance of the increase in investment was opposite to the investment propensity of the firm. These findings confirm that the stock market differentially evaluates investment efficiency according to investment propensity, continuity, and investment alterations, and reflects it appropriately in the firm's value.

암호화폐 개인 특성이 투자의도에 미치는 영향에 관한 실증적 연구 (An Empirical Study on the Effect of Cryptocurrency Personal Characteristics on Investment Intentions )

  • 김상일;서재석;김정욱
    • 디지털산업정보학회논문지
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    • 제19권2호
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    • pp.147-160
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    • 2023
  • Unlike other currencies, cryptocurrency is not a currency used for general transactions, but is currently applied to various investment assets and its scope is expanding. The purpose of this study is to the effect of personal characteristics on investment intention. As a theoretical background, it was verified by applying the Extended Technical Acceptance Model (ETAM). self-confidence propensity, bandwagon propensity, risk tolerance propensity, network externality, attitude, and Investment intention were composed of variables. The research method collected data from 871 people who had experience in cryptocurrency investment through a survey and analyzed it after excluding the data of 71 people who were judged to be inappropriate. The structural equation modeling method using AMOS was used. As a result of this paper, five hypotheses were accepted as statistically significant. This study concluded that self-confidence propensity, bandwagon propensity, risk tolerance propensity, network externality, and attitude had statistically significant effects on Investment intention. In this respect, this study will be able to provide useful information for cryptocurrency research.

청소년소비자의 과시소비성향에 관한 연구 (A Study on Conspicuous Consumption of Adolescent Consumers)

  • 김혜인;이승신
    • 대한가정학회지
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    • 제41권7호
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    • pp.145-156
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    • 2003
  • The purpose of this study is to analyze the propensity of conspicuous consumption of adolescent consumers related to propensity of materialism. To achieve the purpose of this study, data were collected from 644 adolescent consumers through questionnaires. The results of this study, the adolescent consumers' propensity of conspicuous consumption varies significantly according to the variables such as sex, grade, monthly income, monthly average allowance, mother's age, residence, and their consuming education.

개인 동기성향의 차이가 스마트폰 의료서비스 사용의도에 미치는 영향에 대한 구조관계 연구 (The Effect of Individual Motivated Propensity on Perceived Characteristics and Use Intentions for Mobile Medical Service)

  • 조원일;유병태;김승철
    • 한국전자거래학회지
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    • 제19권4호
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    • pp.169-193
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    • 2014
  • 본 연구는 소비자들이 스마트폰 의료서비스를 사용하는데 영향을 미치는 심리적인 요인을 분석하여 스마트제품의 서비스 개발을 위한 운영방안을 도출하고자 하였다. 이를 위해 본 연구에서는 안정지향적 성향, 성과지향적 동기성향, 지각된 사용 유용성과 사용 용이성, 지각된 비용, 사용태도, 사용의도 간의 인과관계를 기술수용모형을 사용하여 규명하였다. 이 모형의 가설검증을 위해 구조방정식 통계분석을 하였다. 결과는 첫째, 안정지향적인 성향은 스마트폰 의료서비스에 대한 유용성에 유의적인 정(+)의 영향을 주었지만, 사용 용이성과 비용에는 유의한 영향이 없었다. 둘째, 성과지향적인 성향은 스마트폰 의료서비스에 대한 사용 용이성과 비용에 유의적인 정(+)의 영향을, 반면 유용성에는 유의한 영향이 없었다. 셋째, 스마트폰 의료서비스의 유용성, 사용 용이성, 비용은 사용태도에 유의적인 정(+)의 영향을, 넷째, 스마트폰 의료서비스의 사용태도는 사용의도에 유의적인 정(+)의 영향을 미쳤다. 따라서 본 연구는 개인의 동기성향의 차이가 사용자 행동의도의 선행변수로서 가능성을 실증하였다는데 의의가 있다.

온라인 패션 쇼핑몰의 제품구매에 영향을 미치는 요인에 관한 연구 (A Study on the Factors Affecting the Purchase of Products in Online Fashion Shopping Mall)

  • 한경희
    • 한국의상디자인학회지
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    • 제14권3호
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    • pp.11-22
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    • 2012
  • As the consuming pattern is changing with the expansion of Internet use and the development of communication technology, Internet shopping market is getting bigger and bigger. By product group, clothing and fashion related products occupy the biggest share. Accordingly, in this study it was tried to identify the effects of Internet utilization capability that enables consumers to search for the information that they need in this information flood, variety pursuit trend and product review accommodation status on shopping value, and to analyze the effects of the shopping value on the purchase behavior in online shopping malls. When factor analysis is nude on Internet use level, it was found that Factor 1 was 'Flow Experience,' Factor 2 'Internet Use Capability,' and Factor 3 'Internet Challenge Desire.' When factor analysis is made on Diversity Pursuit Propensity, it was found that Factor 1 was 'Site Diversity Pursuit Propensity,' Factor 2 'Brand Diversity Pursuit Propensity,' and Factor 3 'Brand Value Pursuit Propensity.' When factor analysis is nude on Product Review Accommodation Propensity, it was found that Factor 1 was 'Product Information Provision Propensity,' and Factor 2 'Product Information Receiving Propensity.' Except Internet Use Capability and Product Information Provision Propensity, all other factors showed high correlation. The factor influencing the entertainment value most was Internet challenge desire, while that influencing the practical value most was flow experience. When the effects of the entertainment value and the practical value on product purchase were analyzed, it was found that both of entertainment value and the practical value influenced product purchase and the practical value influenced the product purchase more than the entertainment value.

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청소년의 상징적 소비성향에 관한 연구 (A Study in The Propensity for Symbolic Consumption of Adolescents)

  • 김영숙;이경옥;김민정
    • 한국생활과학회지
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    • 제14권2호
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    • pp.277-292
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    • 2005
  • The objectives of this study are to examine the degree of propensity for symbolic consumption among adolescents and its factors, and to investigate the effects of demographic variables - sex, grade, father's education, mother's education, father's job, mother's job, monthly allowance, monthly household income - self-esteem, and socialization agents variables - parents, friends, mass media - on the propensity. In this study, the propensity for symbolic consumption is defined as the propensity to consume products through their affective, subjective, and symbolic value rather than through their practical and utility value. The data used in this study were collected from 509 adolescents who are in the 2nd grade of middle or high schools in Pusan. The research results can be summarized as follows: 1. The propensity for symbolic consumption were found to have significant differences according to sex, father's education, mother's education, mother's job, and monthly allowance. 2. It differs significantly according to adolescents' self-esteem. That is, the lower self-esteem adolescents have, the higher propensity for symbolic consumption they show. 3. It also differs significantly according to the degree of communication with parents, the degree of accepting friends' view, the degree of communication with friends, the degree of informative influence from friends, and the degree of taking in mass media.

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성별에 따른 아동소비자의 자아개념이 비합리적 소비성향에 미치는 영향 - 온라인 아이템 구매를 중심으로 - (Effects of Self Concept of Children Consumers on Irrational Consumption Propensity according to gender - Focused on Purchase of Online Items -)

  • 남수정;박상미;이은희
    • 한국생활과학회지
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    • 제18권2호
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    • pp.381-395
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    • 2009
  • This study was conducted to investigate effects of self concept of children consumers on consumption propensity of online items according to gender by considering that self, which means a thought on ownself, is expressed as online items in cyber space. Totally, 760 copies of the questionnaire were distributed and 716 ones were finally used as data for analysis in this study. The data were analyzed by using SPSS 14.0 and factorial analysis, Cronbach' ${\alpha}$, t-test, cross tabulation analysis and multiple regression were conducted. The results of this study could be summarized as follows. First, the factorial analysis performed to examine types of self concept found four factorial structures - justness, social, academic and family self. In addition, the factorial analysis done to determine compositional factors of irrational consumption propensity of children consumers showed three factorial structures - impulse buying, conspicuous consumption and imitative consumption. When the effects of personal variables, item-transaction variables and self concept on irrational consumption propensity of children consumers were investigated according to gender, significant factors affecting consumption propensity of both of the males and females were a monthly pocket money, time using the Internet and major transaction items. In addition, parents' permission for purchasing items, justness self and family self were found to be variables affecting consumption propensity in the male children. On the contrary, self concept of female children did not affect irrational consumption propensity.

상생적 관계형성을 위한 도덕성 확인에 관한 연구 - '공감적 성향'에 대한 현상학적 고찰 - (A Study on Verifying the Morality behind 'Mutual Beneficence': A Phenomenological Investigation on the 'Propensity towards Sympathy')

  • 정병화
    • 대순사상논총
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    • 제28집
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    • pp.103-131
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    • 2017
  • 자기정체성의 확립이 '상생적 관계'에 기초해 있다는 점에서, '상생적 관계형성'은 자기존재의 안정성과 확증성을 가질 수 있는 방법이다. 하지만 우리의 일상적인 삶이 타자와의 포용성을 지향하는 상생적 관계보다는 타자를 대상화하려는 행위로 대부분 채워져 있다는 점에서, 타자와의 상생적 관계형성은 그리 쉬운 일이 아니다. 이런 점에서 타자와의 상생적 관계형성은 타자를 대상화하려는 자기욕망을 조절하거나 통제할 도덕성에 기초해 있어야 한다. 이성 중심의 초월적·선험적 철학은 자기욕망에 대한 자기제어를 이성과 신체라는 이원화된 틀 속에서 이성에 의한 신체의 지배(支配)로서 기술한다. 하지만 이 실천철학이 가지는 한계점은 선험적 이성의 도덕적 명령이 우리에게 그것을 실천할 도덕적 행위의 내적 동기를 자명(自明)하게 제공할 수 없다는 점에 있다. 선험적 이성의 도덕적 명령의 현실적용은 자기중심적인 삶의 입장이나 자기이해관계의 맥락에서 선험적 이성의 도덕적 명령이 재해석될 가능성이 높다. 이런 점에서 '공감적 성향'은 새로운 도덕적 규범으로서 자리매김한다. 감성형태로 주어지는 '공감적 성향'은 사유 이전의 느낌이라는 점에서 직접적이고 즉각적이고 항상적이다. '공감적 성향'은 이성적 판단 이전에 작동하는 본능적 반응이라는 점에서 직관적이다. 이런 점에서 자연 도덕정감으로서의 '공감적 성향'은 학습, 사유에 의하지 않고도 인간이라면 누구나 이를 알고 있고 실천할 정도로 자명하게 주어진다. 그러나 '공감적 성향'에 대한 기존 연구들은 '현상적 접근(現象的 接近)'이라는 점에서 분명한 한계점을 가진다. 기존 현상적 접근들은 '공감적 성향'을 이성이 아닌 신체에 토대한 자연적 감정으로 제시하고는 있지만, '공감적 성향'의 토대를 철학적으로 해명하지 못하고 있다. 자연 도덕정감으로서의 '공감적 성향'은 주관적이고 상대적인 도덕적 규범으로서 해석 내지 규정될 가능성이 높다. 이에 필자는 메를로-퐁티(M. Merleau-Ponty)의 '살' 개념에 입각하여 신체에 토대한 자연적 감정으로서의 '공감적 성향'이 인간의 보편적인 도덕적 규범임을 밝히고자 한다. 신체적 차원에서 나와 타자 간의 교차배어로 형성되는 '살'은 '공감적 성향'에 그 철학적 단초를 제공한다. 다시 말해서 나와 타자 간의 신체적 교차 내지 얽힘으로 형성되는 '살'은 '공감적 성향'을 일으키는 물질적 토대가 된다. 필자의 이러한 접근은 '공감적 성향'에 대한 '현상학적 접근(現象學的 接近)'이라 할 수 있다

A Study on the Moderating Effects of Social Support for Oiettolie Propensity Adolescent in the Process of Internet Game Addiction

  • Kim, Hyo-Soon;Kim, Seo-Yeon;Park, Hwieseo
    • 한국컴퓨터정보학회논문지
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    • 제21권10호
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    • pp.149-156
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    • 2016
  • The purpose of this study is to suggest some policy and theoretical implications for the youth's internet game addiction by analyzing the moderating effects of social support in the relationship of Oiettolie propensity and game addiction behaviors. For the purpose of this study, this study set a research model about the causal relationships among the study variables by reviewing previous studies and surveyed high school students for this research. The analytical results of this study are the followings. First, lack of communication and impulsivity have significant influences on Oiettolie propensity. Second, Oiettolie propensity has a significant influence on youth's game addiction. Third, social support moderates the relationship between Oiettolie propensity and youth's internet game addition. This study suggests some implications for the youth internet game addiction.

주의식과 주민전용 공동공간에 대한 요구 (Needs for Shared Community Spaces and Housing-Related Attitudes)

  • 김미희
    • 한국주거학회:학술대회논문집
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    • 한국주거학회 1995년도 학술발표대회논문집 하
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    • pp.77-83
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    • 1995
  • This study explores the patterns of housing-related attitudes and the kind of needs for shared community spaces among small-sized apartment housing dwellers. The major findings are as follows. The majority of the dwellers are in strong need of common spaces, especially for children's activities, Social gathering and physical exercises. Housing-related attitudes are found and grouped into 4categories the propensity to making up common society, the propensity to pursuing the quality of neighborhood, the propensity to orienting natural environment, and the propensity to participating in community. The intensity of the needs depends on family lifecycle, employment status of housewives, and the size of floor space. The propensity to making up common society and pursing the quality of neighborhood have stronger impact on needs of shared community space. This study reveals that the sense of community orientation is the most powerful predictor variable for shared community space needs .

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