• Title/Summary/Keyword: soundness

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The Effect of Firm's Internationalization on Accounting Earnings Persistence (기업의 국제화가 회계이익의 지속성에 미치는 효과 분석)

  • Choi, Yu-Jeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.22 no.1
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    • pp.221-230
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    • 2021
  • In this study, a firm's internationalization level was measured as the ratio of foreign sales to total sales (FSTS) of individual firms. A demonstration was conducted with several control variables that affect the persistence of the firm's profits using the Sloan (1996) model as a proxy for its primary relationship between net profit and the next profit. An empirical analysis of the end-December settlement firms listed on the securities market from 2011 to 2016 was conducted using a fixed-effect model to confirm that the persistence of the firm's internationalization and accounting profits was positive at the 1% significant level, indicating that the persistence of the firm's profits also increased as the level of individual firm's internationalization increased. In addition, the firm size, financial soundness, cash accompanying, growth, and investment ability, consistent with forecasts, represented a statistically significant (+) relationship with globalization. These results suggest that firms can maintain and expand their value stably by securing new overseas markets and promoting growth by implementing internationalization strategies.

Evaluation of Welding Soundness of Titanium-Copper Explosive-Bonded Dissimilar Clad Plate by TIG Welding (타이타늄-구리 폭발압접 이종 클래드 판재의 TIG 용접 건전성 평가)

  • Jo, Pyeong-Seok;Youn, Chang-Seok;Hwang, Hyo-Woon;Lee, Dong-Geun
    • Journal of the Korean Society for Heat Treatment
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    • v.34 no.2
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    • pp.66-74
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    • 2021
  • Cladding material, which can selectively obtain excellent properties of different metals, is a composite material that combines two or more types of dissimilar metals into one plate. The titanium-copper cladding material between titanium which has excellent corrosion resistance and copper which has high thermal and electrical conductivity, are highly valuable composite materials. It can be used as heat exchangers with high conductivity under severe corrosion conditions. In order to apply the clad plate to the heat exchanger, it must be manufactured in the form of a tube and additional welding is required. It is important to select the cladding material manufacturing process and the welding process. The process of manufacturing the cladding material includes extrusion, rolling, and explosive bonding. Among them, the explosive bonding process is suitable for additional welding because no heat-affected zone is formed. In this study TIG welding of the explosive-bonded dissimilar clad plates was successfully performed by butt welding. The microstructures and bonding interface of the welded part were observed, and the effect of the bonding layer at the welding interface and the intermetallic compounds on the mechanical properties and tensile plastic deformation behaviors were analyzed. And also the integrity of TIG-welded dissimilar part was evaluated.

A study on the correlation of the structural integrity's reduction factors using parametric analysis (매개변수 해석을 이용한 구조물 건전도 저감 영향인자 상관성 연구)

  • La, You-Sung;Park, Min-Soo;Koh, Sungyil;Kim, Chang-Yong
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.23 no.6
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    • pp.485-502
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    • 2021
  • In order to evaluate the impact of ground subsidence and superstructures that are inevitably caused by tunnel excavation, a total of seven major influencing factors of surface subsidence and structural soundness reduction were set, and a Parameter Study using numerical analysis was conducted. Stability analysis was performed using scheme of Boscardin and Cording method and the maximum subsidence amount and the angular displacement, and correlation analysis was performed for each major influencing factor. In addition, it was applied that used the mutual behavior of the ground and the structure by parameter analysis in the site of the 𐩒𐩒𐩒 tunnel located in Hwaseong-si, Gyeonggi-do, and the applicability of the site was analyzed. As a result, the error was found to be 1.0%, and it could be used as a basic material for determining the appropriate tunnel route under various conditions when evaluating the stability of the structure according to tunnel excavating at the design stage.

A self-assessment model for 'good jobs' in SMEs (중소기업 '좋은 일자리'를 위한 자가평가 모형)

  • Lee, Junghwan;Kim, Tae-Sung;Baek, Dongwook;Roh, Minkyu
    • Korean small business review
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    • v.43 no.1
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    • pp.35-50
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    • 2021
  • The youth job problem is becoming more serious due to COVID-19. To solve this problem, a "good job platform" was proposed that allows young job seekers to easily and conveniently find excellent SMEs they want to work for. This study developed a "good job self-assessment model" that grasps the preferred jobs of young job seekers and evaluates SMEs and applied them in the platform. In this process, the characteristics of good jobs from the viewpoint of job seekers were identified through conjoint analysis from the viewpoint of salary level, performance compensation, working environment, corporate soundness, and organizational culture. Next, the importance of 13 detailed evaluation items was reflected through AHP for industry, academia, and research experts. The self-assessment model of this study can be used as a tool to improve awareness that changes the SME environment into a job favored by young job seekers. As a result, it could provide an opportunity to change the job problem from providing cost-oriented support to a qualitative solution.

The Effect of Economic Liberalization on Foreign Direct Investment (경제자유화가 외국인직접투자 유치에 미치는 영향)

  • Kim, Nam-Su
    • Asia-Pacific Journal of Business
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    • v.12 no.4
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    • pp.289-297
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    • 2021
  • Purpose - This study analyzed the correlation between economic liberalization and foreign direct investment. The purpose of this study is to seek ways to attract foreign direct investment from developing countries. Design/methodology/approach - This study analysed with observations of 19 from 2000 to 2018 using a fixed effect model, a random effect model, and a two-way fixed effect model. Findings - First, it was found that economic liberalization had a positive effect on attracting foreign direct investment in the early stages of economic liberalization. Second, it was found that economic liberalization in the deepening stage of economic liberalization had a negative effect on attracting foreign direct investment. In general, it was found that the higher the level of economic liberalization in developing countries is not accompanied by innovative changes in the industrial structure, the higher the level of economic liberalization is likely to decrease the inducement of foreign direct investment due to negative factors such as an increase in labor costs. Overall, this study approved that Economic liberalization have a non-linear (inverted U-shape) relationship with the inflow of foreign direct investment. Research implications or Originality - First, this study attempted to expand the variables for the determinants of FDI by analyzing economic factors which is a determinent of FDI. Second, economic liberalization generally has a positive effect on foreign direct investment, but it proved that it does not have only positive effects as a factor of attracting foreign direct investment in developing countries. The advantage of low wages in ASEAN countries acts as a factor for foreign direct investment, but as the degree of economic liberalization increases, the environment such as government size, guarantee of property rights, international trade freedom, fiscal soundness, and regulations change positively. On the other hand, it can be suggested that if the industrial level is less, it may lead to a loss of comparative advantage and a decrease in investment.

An Expert Opinion Analysis Study for Improvement of Biotop Area Ratio Index (생태면적률 산정지표 개선방안을 위한 전문가 의견분석 연구)

  • Byeong-Hwa, Song
    • Journal of Environmental Impact Assessment
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    • v.31 no.6
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    • pp.438-448
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    • 2022
  • This study is to improve the quantitative estimation index of biotop area ratio, which is an environmental planning index and environmental ecological planning technique, as a planning means that can induce the improvement of ecological soundness in the spatial planning stage. It is intended to identify the relative importance of space types and calculation indicators currently in operation, and to find alternatives through opinion analysis on improvement of space types and weights. As the method of this study, AHP analysis was performed to evaluate the relative importance of spatial types for in-depth analysis of spatial types and calculation indicators. In order to secure the reliability and objectivity of the study, 50 experts participated. Through this study, it can be linked with the improvement of technologies and construction methods, maintenance efficiency, economic feasibility, and construction technology, which are developed through analysis on the limitations and improvements by type of biotop area ratio. And it is expected to contribute to the improvement of the urban environment and vitalization of the biotop area ratio through the application of the biotop area ratio.

Fisherina Activation Plan for the Development of Marine Leisure (해양레저 발전을 위한 피셔리나 활성화 방안)

  • Kim, Sung-Gil
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.28 no.2
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    • pp.224-234
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    • 2022
  • This study is conducted to propose an activation plan for fisherinas by analyzing in depth the needs for fisherina development. For this purpose, the result is derived through the analysis of literature, in-depth interviews and Delphi methods. As a result, the need for fisherina development is shown as follows: first, the saturation due to the increase of maritime recreational vessels; second, the possibility of economic development; third, the activation of the fishing village economy. Accordingly, the problems of the fisherina are derived, first, the conflicts with fishermen and recreational vessel users, second, the financial difficulties, third, the lack of infrastructure. The activation plans for fisherinas are as follows: first, forming a consultative body centered on stakeholders; second, ensuring financial soundness; third, building infrastructure by linking businesses; and fourth, systematic supplementary plans. These results will play an important role in expanding the underdeveloped domestic fisherina business and will be another step in activating the maritime leisure industry.

Analyzing Soundness of Paldang Watershed Considering to Water Quantity and Water Quality (수량과 수질 지표를 연계한 팔당유역 건전성 평가)

  • Park, Su Hee;Kim, Da Ye;Maeng, Seung Jin
    • Proceedings of the Korea Water Resources Association Conference
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    • 2020.06a
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    • pp.143-143
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    • 2020
  • 수도권에 용수를 공급하는 팔당유역은 경제, 사회, 환경적으로 매우 중요한 공공의 자산이며, 이러한 자산을 누리는 데에 이어 국민 모두가 공평한 혜택을 받을 필요가 있다. 수량과 수질의 만족도는 곧 지역민들의 복지이며, 복지는 삶의 질을 높여주는 것을 의미한다. 팔당유역에서는 인간의 개발행위로 인해 하천과 생태계의 지속적인 훼손과 방치가 발생하며, 팔당유역에 대한 수도권과 지역주민들의 사회적, 문화적 요구가 증가함에 따라 수자원의 안정적인 확보와 하천의 자연성 회복을 위해 유역 건전성 평가가 필요하다. 따라서 본 연구에서는 팔당유역 수량과 수질의 평가지표에 대한 과거 10년 동안의 기초자료를 수집하여 SPSS를 통해 통계분석을 실시하였다. 통계분석을 통해 도출된 결과를 이용해 가중치를 산정한 후 각 하천에 대한 유역 건전성 지수산정과 등급평가를 하여 표준유역 규모의 하천 변화 정도에 대한 상세평가를 통해 지역별 현황을 쉽게 파악할 수 있도록 하였다. 수량에 대한 기초자료는 TANK모형을 통해 자연유출량을 산정 후 관측유량과의 차이를 이용하여 산출하였으며, 수질에 대한 기초자료는 물환경정보시스템을 통해 수집하였다. 기초자료를 기반으로 왜곡된 자료의 정규성 확보 및 표준화를 수행하고, SPSS 프로그램을 이용하여 요인분석을 실시한 후 적합성 검토를 통해 최종지표를 산정하였다. 산정된 지표를 주성분 분석에 의한 가중치, 엔트로피에 의한 가중치를 산정하여 비교 후 최종 가중치를 선정하였다. 유역 건전성의 최종평가를 위해 가중치와 지표를 이용하여 지수산정 및 등급화를 실시하였다. 유역 건전성의 등급화를 통해 연도별 하천환경의 변화를 모니터링 함으로써 하천의 가치 보전과 개발에 따른 영향을 최소화할 수 있으며, 하천기본계획 수립 시 기초정보로 이용될 수 있을 것이다.

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The Effect of Regional Financial Inclusion Level on Financial Cooperatives' Management Indicators (지역 금융포용 수준이 새마을금고의 경영지표에 미치는 영향)

  • Sang-Yong Yun;Jin-Hee KIM;Soon-Hong Park
    • Asia-Pacific Journal of Business
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    • v.13 no.4
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    • pp.91-107
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    • 2022
  • Purpose - This study quantitatively examines the level of financial inclusion of a microfinance institution in each region and how this is changing recently, and examines the level of financial inclusion by region and various financial characteristic factors related to it. It was empirically verified what kind of significant impact actually has on the institution's major management performance indicators (stability, profitability, efficiency, and public interest). Design/methodology/approach - It was confirmed that the institution's financial inclusion index declined rapidly after 2015 as a whole, although there were some differences by region depending on regional characteristics. However, considering the fact that the number of branches per 100,000 adult population is steadily increasing nationwide, it was found that, contrary to what is known, the simple decrease in the number of branches of the institution was not the main cause. Findings - The analysis results of this study show that the institution's efforts for financial inclusion have a positive impact on profitability, stability, efficiency, and public interest, and that the institution pursues profitability, efficiency, stability, and public interest. showed that some trade-offs exist. In other words, overall, it was analyzed that profitability of the institution has a positive effect on efficiency, and efficiency has a positive effect on stability and public interest. Research implications or Originality - Since the institution's efforts to improve its profitability do not have a negative impact on its stability and public interest, it is judged that it is important to take a strategic stance, so excessive loan supply that exceeds the scope of the institution's own control needs to be avoided as much as possible. More detailed financial supply strategies and business management capabilities that enhance the asset soundness and management efficiency of safes need to be demonstrated.

Analysis of Channel Habitat Characteristics for Soundness of Fish Community at Wonju-stream (원주천의 어류군집 건전화를 위한 하도의 서식구조 특성분석)

  • Choi, Heung Sik;Choi, Jun Kil
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.29 no.3B
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    • pp.311-317
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    • 2009
  • Similarity indices between sampling sites are calculated and cluster analysis of fish community is carried out by UPGMA based on investigating fish fauna and water environment. The restoration indicators as target species of Wonju stream are selected Cottus poecilopus, Zacco temmincki, and Zacco platypus along upper, middle, and lower streams, respectively. For better habitat suitability, low flow increasing and induced water quality improving must be secured by sewer system rearrangement and watershed management. Composite habitat suitability of Zacco temmincki as target species at middle stream of Wonju stream improve significantly by low flow increasing, which is very important factor to improve habitat suitability. The changes of hydraulics of depth and velocity govern the habitat suitability in general, but the effects are not significant. Low flow increasing with the change of 10% reducing of lower channel improves the composite habitat suitability of 0.37~0.78 to their origin of 0.1~0.25, which represent the channel restoration scheme of Wonju stream for enhancing the habitat suitability of fish community.