• 디지털융복합연구
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• 제16권12호
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• pp.175-183
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• 2018

본 논문의 연구목적은 국내 회사채시장에서 시장전체의 체계적 위험 (systematic risk)과 각각의 고유위험(idiosyncratic risk)이 회사채 수익률에 미치는 영향을 분석하고자 한다. 2001년부터 2014년까지 채권시장의 자료를 분석하기 위해, 본 연구는 체계적 위험의 대용변수로 기존의 연구에서 사용된 회사채수익률 기간구조 요인(term factor)과 지급불능 요인(default factor) 등을 사용하고, 고유위험의 대용변수로 듀레이션(duration)과 신용평가등급 요인을 선정하였다. 이러한 요인들이 채권의 수익률에 미치는 영향력을 횡단면 회귀분석을 통해 분석한 결과, 체계적 위험과 관련된 요인들은 통계적 설명력이 있는 것으로 나타났다. 반면에 회사채 고유위험과 관련된 요인들은 기존의 국내 연구와 달리 회사채 수익률을 통계적으로 설명하지 못하는 것으로 나타났다. 이러한 결과는 본 연구의 분석기간이 기존 연구의 7년 자료보다 긴 14년간의 자료를 사용하고 최근의 기간까지 확장했다는 점 때문에, 오히려 미국의 연구결과와 유사한 것으로 나타났다. 이는 우리나라 채권시장이 IMF사태 이후 국제화가 확대되어 선진국과 동조현상을 보이는 것으로 해석된다. 따라서 본 연구는 국내 채권투자시장에서도 선진국의 경우와 마찬가지로 개별 채권의 특성보다는 채권시장 전체의 위험에 보다 더 집중해서 투자할 필요가 있다는 점을 제시하고 있다.

• Preventive Nutrition and Food Science
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• 제6권1호
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• pp.73-78
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• 2001

The elevation of total plasmahomocysteine is now an established risk factor for cardiovascular disease. Plasma folate and vitamin {TEX}$B_{12}${/TEX} influence Hcy metabolism as cofactors. In this study, we studied the relationship of major risk factors for cardovascular disease, including advanced age, male gender, obesity, hypertension, hyperglycemia, and dislipidemia and plasma homocyteine, folate and vitamin {TEX}$B_{12}${/TEX} levels in Koreans. A total of 195 adult Koreans participated. The subjects were divided into three groups according to how many major conventional risk factors of cardiovascular disease they had: no risk, low risk (1~3 risk factors) and high risk (>3 risk factors) groups. As the number of risk factors increased, the plasma homocysteine levels significantly increase, while the plasma folate levels significantly decreased. The plasma homocysteine levels re higher in males than in females. The subjects with hyperglycemia had higher plasma homocysteine levels than the subjects without the risk factor. Also the subjects with dislipidemia had higher plasma homocysteine levels than the subjects without the risk factor. The plasma folate and vitamin {TEX}$B_{12}${/TEX} levels were significantly lower in males tan females. However, there were no significant differences in plasma folate and vitamin {TEX}$B_{12}${/TEX} levels between the subjects with or without other risk factors. These results indicate that plasma homocysteine levels were positively related with risk factors for cardiovascular disease and plasma folate levels were negatively related with the risk factors for cardiovascular disease. Also, we conclude that plasmahomocysteine levels might be related to the combination of risk factors, rather than an individual risk factor.

• 유통과학연구
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• 제11권10호
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• pp.55-62
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• 2013

Purpose - The purpose of this study is to suggest a risk factor that significantly explains foreign currency risk premia. In recent years, some studies have found that the performance of the simultaneous consumption risk model improves considerably when tested on foreign currency portfolios, which are constructed based on the international interest rates differentials. However, this paper focuses on the long-run consumption risk factor. In our empirical research, we found that the real excess returns of high interest rate currency portfolios depreciate on average, when the future American long-run consumption growth rate appears low. This makes the high interest rate currency portfolios have relatively high risk premia. Meanwhile, the real excess returns of low interest rate currency portfolios appreciate on average, under the same conditions, which results in relatively low risk premia for these portfolios. Therefore, this long-run consumption risk factor might explain why low interest rate currencies do not appreciate as much as the interest rate differential, and why high interest rate currencies do not depreciate as much as the interest rate differential. Research design, data, methodology - In our explanation, we provide new evidence on the success of long-run consumption risks in currency risk premia by focusing on the long-run consumption risks borne by American representative investors. To uncover the hidden link between exchange rates and long-run consumption growth, we set the eight currency portfolios as our basic assets, which have been built based on the foreign interest rates of eighty countries. As these eight currency portfolios are rebalanced every year, the first group always contains the lowest interest rate currencies, and the last group contains the highest interest rate currencies. Against these basic eight currency portfolios, we estimate the long-run consumption risk model. We use recursive utility framework and the stochastic discount factor that depends on the present value of expected future consumption growth rates. We find that our model is optimized in the two-year period of constructing the durable consumption expectation factor. Our main results surprisingly surpass the performance of the existing benchmark simultaneous consumption model in terms of R², relatively risk aversion coefficient γ, and p-value of J-test. Results - The performance of our model is superior. R², relatively risk aversion coefficient γ, and p-value of J-test of our long-run durable consumption model are 90%, 93%, and 65.5%, respectively, while those of EZ-DCAPM are 87%, 113%, and 62.8%, respectively. Thus, we can speculate that the risk premia in foreign currency markets have been determined by the long-run consumption risk. Conclusions - The aggregate long-run consumption growth risk explains a large part of the average change in the real excess returns of foreign currency portfolios. The real excess returns of high interest rate currency portfolios depreciate on average when American long-run consumption growth rate is low, and the real excess returns of low interest rate currency portfolios appreciate under the same conditions. Thus, the low interest rate currency portfolios allow investors to hedge against aggregate long-run consumption growth risk.

• 고려인삼학회:학술대회논문집
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• 고려인삼학회 2002년도 학술대회지
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• pp.424-455
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• 2002

Diabetes mellitus is reaching epidemic proportions worldwide. The insufficiency of medication to cope with this burden has coincided with a dramatic rise in the prevalence of use of complementary and alternative therapies, especially herbal treatments. This surge in demand presents a challenge to prove the safety and efficacy of these treatments in diabetes. Korean red ginseng (steam treated Panax ginseng C.A. Meyer) is a strong candidate to succeed. It has been shown to possess a multitude of hypoglycemic effects and improve metabolic disturbances related to diabetes in in vitro and animal models. Data in humans is also emerging to support these benefits. Whether these results can be replicated in a rigorous clinical testing program is unclear. We therefore investigated the antidiabetic effects of Korean red ginseng in a series of 2 acute and 1 longterm randomized, double-blinded, placebo-controlled clinical trials. This paper provides the rationale for this program of study, expanding on the problem of diabetes, its management, and the possible role for Korean red ginseng. It then describes the design and expected findings.

• 대한건축학회논문집:구조계
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• 제34권5호
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• pp.35-42
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• 2018

In order to seek out methods to reduce safety accidents caused by construction machinery and equipment, this study collects data about safety accidents and draws main risk factors by construction from the data, through SNA. It aimed to suggest safety management points to be used in future construction fields, by analyzing risk index of such factors. The finding can be summarized: First, Backhoe Bucket is the risk factor for crash accidents of average workers in earth works; boring machines-maintenance is the risk factor for fall accidents of construction machinery operators in foundation works; bending machine-reinforcing rod processing is the risk factor for jamming accidents of reinforcing rod engineers in frame works; and mobile crane-hook is the risk factor for crash accidents of average workers in lifting works. Second, works can be arranged in turn, according to the risk index: earth, lifting, frame and foundation works. Risk factors can be also arranged according to the risk index: Backhoe in earth works, pile drivers in foundation works, bending machines in frame works and mobile cranes in lifting works. This study has some limits, in that it only analyzed main machinery/equipment, among various kinds of them, for earth, foundation, frame and temporary works (lifting works) and used data collected over three years. Therefore, it is necessary to conduct an analysis using big data, by collecting additional data about a lot of machinery/equipment in future construction fields.

• 한국안전학회지
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• 제33권6호
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• pp.77-84
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• 2018

Report documents of industrial and occupational accidents have continuously been accumulated in private and public institutes. Amongst others, information on narrative-texts of accidents such as accident processes and risk factors contained in disaster report documents is gaining the useful value for accident analysis. Despite this increasingly potential value of analysis of text information, scientific and algorithmic text analytics for safety management has not been carried out yet. Thus, this study aims to develop data processing and visualization techniques that provide a systematic and structural view of text information contained in a disaster report document so that safety managers can effectively analyze accident risk factors. To this end, the risk factor map using text mining and self-organizing map is developed. Text mining is firstly used to extract risk keywords from disaster report documents and then, the Self-Organizing Map (SOM) algorithm is conducted to visualize the risk factor map based on the similarity of disaster report documents. As a result, it is expected that fruitful text information buried in a myriad of disaster report documents is analyzed, providing risk factors to safety managers.

• 한국의류학회지
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• 제25권2호
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• pp.206-216
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• 2001

This study was intended to identify the information search behavior according to the risk perception and clothing involvement. The data were collected via a questionnaire from 369 students of Semyung University in Checheon and data were analyzed by frequency, factor analysis, Cronbachs alpha and multiple regression. The results of this study were as follows; 1. Multiple regression revealed the fact that each type of involvement dimensions were influenced by the risk perception dimensions. Among four involvement dimensions, importance of clothing was the best influenced factor according to the risk perceptions. 2. Also information search behavior was influenced by risk perception and fashion involvement. Among four information search behaviors, industry providing search was the best influenced factor by the risk perception and clothing involvement.

• 한국구조물진단유지관리공학회 논문집
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• 제2권4호
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• pp.194-200
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• 1998

Risk, probability of failure, which includes various uncertainties and influential factors of performance should be accounted for in engineering system. Recently, several different methods to analysis risk evaluation evolved and one of the practical method is FOSM (First Order Second Moment Method ). FOSM method is derived in terms of terms coefficient of variance to uncertainties which influence various factor. For risk evaluation and uncertainty analysis in hydraulic design system, load-capacity relationship is adopted in this paper. Sample catchment with design of sewer system is applied, which plots safety factor vs. risk. Risk evaluation and uncertainty analysis are very to important develop optimal design model in hydraulic system

• KSII Transactions on Internet and Information Systems (TIIS)
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• 제14권7호
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• pp.3039-3056
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• 2020

Beaches have many risk factors that cause various accidents, such as drifting and drowning, these accidents have many risk factors. To analyze them, in this paper, we identify beach risk factors, and define the criteria and correlation for each risk factor. Then, we generate new risk factors based on Fuzzy theory, and define Situation Awareness for each time. Finally, we propose a beach risk assessment and prediction model based on linear regression using the calculated risk result and pre-defined risk factors. We use national public data of the Korea Meteorological Administration (KMA), and the Korea Hydrographic and Oceanographic Agency (KHOA). The results of the experiment showed the prediction accuracy of beach risk to be 0.90%, and the prediction accuracy of drifting and drowning accidents to be 0.89% and 0.86%, respectively. Also, through factor correlation analysis and risk factor assessment, the influence of each of the factors on beach risk can be confirmed. In conclusion, we confirmed that our proposed model can assess and predict beach risks.

• 한국지역사회생활과학회지
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• 제22권3호
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• pp.429-444
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• 2011

The objective of this study was to identify the risk factor and protection factor related to suicide ideation in each life course based on an ecological-system perspective. A questionnaire was carried out for 393 adolescents, 473 adults and 376 aged men living nationwide. The results are as follows. First, the suicide ideation was low with 1.78 points in the full mark of 5 points. Second, the difference in suicide ideation, depression, hopelessness, stress in the organic system variables, family solidarity in the micro system variables, intermediate system variables, residence, the existence/inexistence of counselling center and the influence of mass media in mezo system variables in each life course were significant. Third, the relative influence of organic system variables on the suicide ideation were largest in all life courses. Further, the depression and the influence of mass media in all life courses were a risk factor of suicide ideation and stress was also a risk factor of suicide ideation in the case of adolescents and the aged. When examining protection factors of suicide ideation, family solidarity, minute as it is, works as the protection factor of suicide ideation in the case of adolescents. For the adults, living in a metropolis was a protection factor from suicide ideation. For the aged, family solidarity, family history of suicide and adult children's attention to their friends and neighbors (intermediate system variable) were protection factors from suicide ideation. I suggested that policy, service, counseling and educational program proper to each life course were necessary to lower risk factors of suicide ideation and to improve protection factors.