• 제목/요약/키워드: risk influence factor

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Determinants of Stock Prices in Jordanian Banks: An Empirical Study of 2006-2018

  • GHARAIBEH, Omar Khlaif;JARADAT, Mahmoud Ali
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.349-356
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    • 2021
  • This study comprehensively investigates whether there is an impact of risk, size, profitability, earnings per share, dividend yield, and book-to-market equity on the stock prices of Jordanian banks listed on the Amman Stock Exchange (ASE) for the period 2006-2018. To mitigate endogeneity concerns and to control for within-bank dynamics, panel data fixed effects estimations are used. This study shows that size (SIZE), profitability (ROA), dividend yield (DY) and book-to-market equity (BE/ME) ratios are statistically significant determinants of stock prices. The risk (RISK) factor measured by volatility of ROA has a positive and significant effect on the stock prices, while earnings per share has minimum influence on the stock prices. The results show that ROA has a significant and positive effect and provides the largest effect among all variables used in this study, while the RISK factor has a positive and significant effect. In contrast, SIZE, DY, and BE/ME have a significant negative effect on stock prices. The paper presented new evidence showing that ROA is a better determinant of stock prices in Jordanian banks, and RISK significantly affects stock prices. The researcher recommends using a factor of profitability represented by ROA which has a significant positive effect on the stock prices in Jordanian banks and applying the ROA variable to other sectors.

Risk Perceived by Consumers in Apparel Buying Situation ( I ) - Risk Types and Their Relationships with Consumers' Demographic Variables- (의복구매시 소비자가 지각하는 위험에 관한 연구( I ) -위험의 유형분류, 소비자 인구변인과의 관련을 중심으로-)

  • Kim Chanjn
    • Journal of the Korean Society of Clothing and Textiles
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    • 제15권4호
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    • pp.405-416
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    • 1991
  • This paper examined the risks perceived by consumers in apparel buying situation by 1) measuring the contents and perception level of risk, 2) categorizing each risk into meaningful factors (risk types), 3) analyzing the relationships between risk types and consumers' demo-graphic variables. 224 respondents deliberately selected to include each level of S demographic variables were contacted with 37-item question3.ire. Factor analysis showed that 32-item perceived risk could be categorized into 6 risk types: psychological. social, economic, time/convenience loss, fashionability loss, performance risk. Psychological risk were perceived highest in terms of perception level while social and performance risk showed relatively low perception level. 4 of 5 demographic variables including sex, education level, income, occupa-tion showed partial relationship with each risk type after ANOVA and Duncan test. Sex had the greatest influence on risk perception level and each age level (20's, 30's, 40's) showed different risk structure.

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Causal Relationship between the Risk-inducing Factors and Safety Inspection and Accident Reduction in Small Construction Sites (소규모 건설현장에서 위험유발요인과 안전점검이 재해 저감 대책에 미치는 인과 관계)

  • Moon, Pil-jae;Kong, Ha-Sung
    • The Journal of the Convergence on Culture Technology
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    • 제6권2호
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    • pp.55-70
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    • 2020
  • This study aims to identify the influence of risk-inducing factors and safety inspection on the measures of reducing accidents among workers of building structures in small construction sites. The result can be summarized as follows: First, as for the influence of risk-inducing factors on human factors, preparation for work, disintegrating molds, taking follow-up measures, and keeping records, have statistically significant influences. Therefore, it can be said that safety inspection has a partial mediating effect in the relationship between risk-inducing factors and human factors. Second, as for the influence of risk-inducing factors on facility factors, preparation for work, and taking follow-up measures influenced significantly. This indicates that safety inspection has a partial mediating effect in the relationship between risk-inducing factors and facility factors. Third, as for the influence of risk-inducing factors on management factors, the installation of shores and risk assessment are found to have significant effects. This shows that safety inspection has a partial mediating effect in the relationship between risk-inducing factors and management factors. Fourth, the influence of risk-inducing factors on work factors was significant only in the installation of shores. This indicates that safety inspection has a completely mediating effect in the relationship between risk-inducing factors and work factors. Finally, in the relationship between risk-inducing factors and accident reduction measures, preparation for work, installation of shores, and taking follow-up measures showed significantly positive influences. In contrast, keeping records has a significant negative influence. Thus, safety inspection has a partial mediating effect in the relationship between risk-inducing factors and management factors.

The Effects of Personality Factors of the Prep Entrepreneurs in Food Service Industry on Entrepreneurial Intention: Focusing on the Risk Sensitivity

  • Park, Cheol-Woo;Bae, Gumkwang
    • Culinary science and hospitality research
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    • 제23권6호
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    • pp.118-126
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    • 2017
  • The purposes of this study were to estimate the relationship between Big 5 personality factors of prep-entrepreneur and entrepreneurial intention, and to identify the moderating effects of risk sensitivity on the relationship. There is a total of 181 questionnaire surveys distributed and 152 data were used for analysis with erasing incomplete responses. The data analysis was conducted to utilize frequency analysis and regression analysis with SPSS WIN 22.0. The results of this study demonstrated that there are only 2 factors, neuroticism and extraversion, significantly influence on entrepreneurial intention, while conscientiousness, agreeableness and openness to experience do not have significant impacts on entrepreneurial intention. Furthermore, risk sensitivity effects on the relationship between Big-5 personality factor and entrepreneurial intention. This study may contribute to help prep-entrepreneur by using baseline data. Prep- entrepreneur could know their personality factor and confirm their consideration about entrepreneurial intention. Meanwhile, for the market-oriented implication, this study suggested that it is instrumental and significant for knowing prep-entrepreneur's personality factor and their entrepreneurial intention before starting foodservice business.

A Risk Assessment Method using Disaster Influence Factors on Construction Project (건설 프로젝트의 재해영향요인 기반 위험성 평가방법)

  • Yu, Yong-Sin;Choi, Jae-Wook;Kim, Tae-Wan;Lee, Chansik
    • Journal of the Architectural Institute of Korea Planning & Design
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    • 제35권6호
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    • pp.3-12
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    • 2019
  • Current risk assessment methods typically determine accident risks embedded in construction projects by combining severity and frequency; however, they do not reflect the characteristics of construction projects. To solve the problem, this study aims to develop a novel risk assessment method that combines severity, frequency, and disaster influence factors (i.e., weather conditions and worker's characteristics) for assessing risks of activities occurring on a construction site actually. In this study, a severity was estimated by death against victims, and a frequency was estimated by the victim rate. The frequency was then converted to probability taking disaster influence factors into account. Thus, instead of considering severity and frequency for assessing the original risks (RO), the proposed method uses severity and probability to yield adjusted risks (RA) for each activity. A case study was conducted to determine if the proposed method works as intended in a real setting. The results show that RA is more sensitive to disaster influence factors than RO and, therefore, is able to assess the actual risks reflecting the working environment and conditions of a construction site. This study contributes to risk management of construction projects by offering a risk assessment method that measures a possibility of potential disasters from the probabilistic perspective. This method would help project managers assess accident risks in a more systematic and quantitative manner.

Factor Analysis and Intergroup Awareness Investigation of Workers' Safety in Logistic Center (물류센터 근로자의 안전인식에 대한 요인분석 및 집단간 인식 비교)

  • Choi, Hyunjoon;Moon, Sangyoung;Ok, Seung-Yong
    • Journal of the Korean Society of Safety
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    • 제30권4호
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    • pp.113-119
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    • 2015
  • This study is to examine the workers' awareness of the safety in logistic centers. For that purpose, the exploratory factor analysis of workers' safety awareness in logistic centers was performed at first, and the 6 variables extracted from the factor analysis were then used to investigate the difference in intergroup awareness of the safety environment in the logistic centers. We administered a survey to 147 workers attending the logistic centers and collected data from them. The results of the study showed that the intergroup awareness of the safety environment turned out to be statistically different from each other in terms of working environment, safe behavior, work risk, safety knowledge and effort, risk justification and compromising attitudes. Experiences in industrial accidents influenced awareness of working environment, work risk and risk justification. The group who experienced accidents is more likely to feel risky and unsatisfied with working place, and their awareness toward risk justification was high as well. It was also observed that there exists awareness difference between manager group and worker group. The group who manages the working place showed more positive awareness of working environment, safe behavior, work risk, safety knowledge and effort, risk justification and compromising attitudes than the worker group. On the contrary, the worker group showed high recognition in risk of working place, and felt that they are willing to compromise on safety for increasing production. The scale of the logistic center produced negative influence on awareness of safety. The group in small logistic center showed the highest awareness in safety, whereas the group in large logistic center with more than 100 workers showed the highest awareness in risk. They are more likely to deviate from correct and safe work procedures due to over-familiarity with the job, as well. The findings suggest that there is a need for the safety management and education to change the workers' understanding and attitudes towards safety.

A Research on the psychological risk recognition and Brand Attitude of Bakery Consumers on Negative Media Report (부정적 언론보도에 대한 베이커리 소비자의 심리적 위험지각과 브랜드태도 연구)

  • Jung, Soon Hwa;Han, kyung soo
    • Korean Journal of Human Ecology
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    • 제24권4호
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    • pp.513-529
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    • 2015
  • This study performed corroborative analysis by establishing hypothesis so as to corroboratively define the effect on brand attitude of psychological risk recognition in the case where consumers reading negative media news related to bakery recognize crisis communication on the basis of which point. According to corroborative analysis, the role of psychological crisis perception as parameter is confirmed in the causal relation between crisis communication recognition and brand attitude. Such result of study confirms that the positive change in crisis communication recognition reduces psychological risk perception to bakery products and such psychological risk perception eventually become factor which affects brand attitude over products. Such result of study suggests that when reading negative media news on bakery, the influence on consumer's evaluation of news on the basis of certain point and the influence on the formation of causal relation between psychological risk perception and brand attitude has scientific ground. In the aspect, the main result of this study is to find the clue that when comparing precedent study between crisis communication recognition and brand attitude, psychological risk perception is realized with brand attitude as media by verifying the parameter role of psychological risk perception.

A study on the weighting of influence factors for tunnel collapse risk analysis (터널 붕괴 위험도 분석을 위한 영향인자 가중치 산정에 관한 연구)

  • Jeong-Heum Kim
    • Journal of Korean Tunnelling and Underground Space Association
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    • 제26권4호
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    • pp.315-326
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    • 2024
  • In this study, the Delphi method and AHP (analytic hierarchy process) were used to evaluate tunnel collapse risk from a comprehensive and multifaceted perspective. Influence factors were established through literature reviews, previous studies, and brainstorming sessions with expert groups, resulting in the construction of five main classification systems. A panel of 21 experts was formed, and three rounds of Delphi surveys were conducted to prevent errors and biases in the expert judgment process, thereby enhancing reliability. Ultimately, 14 influence factors were identified through CVR (content validity ratio) and COV (coefficient of variation) analyses of the experts' responses. Subsequently, the AHP method was applied to assess the relative importance of each influence factor and calculate the final composite weights. The timing of support and reinforcement had the highest priority, followed by groundwater inflow, joint conditions, support pattern levels, and auxiliary methods. These findings help identify the key factors affecting tunnel collapse risk and provide a foundation for developing strategies to improve tunnel safety.

A Study on Relationship between CEO′s Entrepreneurship in Venture Business and Organizational Effectiveness. - Focused on Innovativeness, Risk-taking and Proactiveness- (벤처기업 CEO의 기업가정신과 조직유효성의 관계에 관한 연구 -혁신성, 위험감수성, 진취성을 중심으로-)

  • Park David S.;Kim Yeon Jeong
    • Journal of Korea Technology Innovation Society
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    • 제7권3호
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    • pp.479-505
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    • 2004
  • The purpose of this study is to investigate between CEO's Entrepreneurship in Venture Business and Organizational Effectiveness. CEO's Entrepreneurship variable consist of Innovativeness, Risk-taking and Proactiveness. Organizational effectiveness concept composed of system approach and the contingency theory and it's variable consisted of job satisfaction and organizational commitment. Statistical methods are adapted Frequency, Factor Analysis and CFA(Confirmatory Factor Analysis) of LISREL.8 program. Refined Survey data are 412/Major findings are as follows; Only Proactiveness variable of CEO's entrepreneurship have significant relation to Organizational Effectiveness(job satisfaction and organizational involvement). Innovativeness and Risk taking variables are partially supported to influence to Organizational Effectiveness.

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An Analysis on the Accident Influence Factor and Severity of Construction General Workers (건설 보통인부의 안전재해 영향요인 및 재해강도 분석)

  • Shin, Won-Sang;Son, Chang-Baek
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • 제34권3호
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    • pp.69-76
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    • 2018
  • General workers who assist various technicians in different fields with their work across the whole construction sites without having a particular skill are at risk of the highest accident rate and their accident form becomes varied. Accordingly, this study was conducted to identify the relationship between form of safety accident and influence factor in general workers and analyze accident severity by influence factor. The followings are the results from this study. First, as a result of analyzing major form of accident and influence factors in general workers with network analysis methodology, nine forms of accident and seventeen influence factors were drawn. Second, it was found that in accident severity among general workers, collapsing, among various forms of accident, appeared the highest, followed by fall, electric shock, fire, hit by an object, bumped against, trip, scission getting cut chopped in order. Third, main points of special, concentrated, and permanent management were presented in order to reduce the safety accident in general workers effectively.