• Title, Summary, Keyword: Business profits

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A Study on the Effects of Small Enterprise Start-up Preparatory Factors on Business Performance

  • Kim, Seung-Hee;Kim, Young-Ki;Choi, Shin-Hea
    • The Journal of Industrial Distribution & Business
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    • v.8 no.5
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    • pp.23-33
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    • 2017
  • Purpose - The present study aims to examine the relationship between small enterprise start-up preparatory factors and increases in sales and operating profits, which are business performances utilizing the National Survey of Actual Conditions of Small Enterprises conducted by the Small Enterprise, Market Service. Research design, data, and methodology - Start-up preparatory factors were divided into six types; business type, start-up history, start-up motives, preparatory periods, and start-up funds to figure out the relationship between sales and operating profits with regression analyses. Regression analyses were conducted based on the foregoing with a view to identifying the effects of start-up preparatory factors on business performance. Results - Since start-up preparatory factors generally affect business performance, it was identified that start-up preparatory factors importantly affect operating profits and sales, which are business performances. However, start-up preparatory periods and the implementation of education among preparatory activities were shown to have no effect on business performances, and the effect of the ratio of start-up fund provided by the founder on operating profits was shown to be not significant. Conclusions - The present study comprehensively examined those start-up preparatory factors that have positive effects on business performances after start-up. The present study is meaningful in that it can provide positive implications for efficient start-up of small enterprises hereafter.

The Economic Analysis of the Determination of Optimal Management Measures and Level of Control in Fisheries Management (불완전 어업관리의 합리적 관리수단 및 규제수준의 결정에 관한 경제학적 분석)

  • 이상고;김도훈
    • The Journal of Fisheries Business Administration
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    • v.33 no.2
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    • pp.31-48
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    • 2002
  • This paper is aimed to analyze how to evaluate the choice of optimal management measures and level of control in fisheries management under the costly and imperfect management system by comparing with costless and perfect management system that is commonly assumed in the analysis of fisheries regulations. Fishermen would set the level of fishing efforts at the point where the marginal fishing profit for fishing effort is equal to the marginal level of fine under costly and imperfect management system. Therefore, under the case where the marginal fishing profit is higher than the marginal level of fine, the level of fishing efforts would be made at the point which is higher than the level of fishing efforts made under costless and perfect management system and is not a point where the economic profit is maximized in regulated fisheries. From this conclusion, the fishermens avoidance activities against regulations as well as the level of control in fisheries management substantially have an influence on the choice of fisheries management instruments. According to the analysis of optimal fisheries management policy, the economic profits in regulated fisheries are determined by the level of fisheries enforcement costs and total fishing profits, in which as enforcement costs increase the economic profits decrease. In addition, the economic profits vary in response to the level of control in avoidance activities. That is, as avoidance costs decrease, the economic profits increase. The determination of optimal level of control in fisheries management should be made at the point where the marginal regulation costs are equal to the marginal profits from regulated fisheries, in which marginal regulation costs are different according to the type of management measures. And the level of profits changes in response to different levels of avoidance activities. The management measure that can maximize the difference between the marginal regulation costs and marginal profits from regulated fisheries should be chosen as an optimal fisheries management instrument.

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A Study on Decisive Factors Impacting Business Profits of Regional Medical Centers (지방의료원의 경영수익성과에 영향을 미치는 결정요인에 대한 연구)

  • Lee, Jin-Woo;Kim, Young-Jong;Kim, Yong-Ha;Kim, Kwang-Hwan
    • Journal of Digital Convergence
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    • v.12 no.7
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    • pp.315-325
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    • 2014
  • This study is investigates decisive factors impacting business profits of regional medical centers by utilizing their environmental characteristics to provide useful basic data to seek for a method to establish financial soundness and profitability. The research objects are medical treatment record and management indicators of 31 regional medical centers for the past three years from 2010 through 2012. The method of analysis are ANOVA and Multiple Regression Analysis. The results revealed the debt and management ratio in the profit rate of total medical liabilities and net worth, current balance in the medical profit on medical revenue, and hospital bed turnover rate, emergency hospitalization rate, rate of labor cost, and rate of material cost in the business profits as the decisive factors. It is recommended to identify financial feedback and establish diversified management strategies through accurate management analysis to secure financial soundness and profitability in medical centers.

The With-Profits Strategies for Life Insurance Companies -Focused on the Case and Empirical Analysis of Life Insurance Companies in the UK- (생명보험회사의 배당 전략에 관한 연구 -영국 생명보험회사의 사례 및 실증분석을 중심으로-)

  • Jung, Se-Chang
    • The Korean Journal of Applied Statistics
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    • v.23 no.1
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    • pp.29-39
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    • 2010
  • The purpose of this paper is to analyse the advantages of with-profits and make a proposal for invigorating with-profits business. The data of life insurance companies in the U.K. is used and correlation and regression are employed. The implications are drawn from the analysis. The results and implications of this paper are summarized as follows. Firstly, the with-profits policies increase premium income. There is no positive relationship between with-profits policies and operating costs. The companies that are financially sound sell more with-profits policies than those not solvent. Secondly, with regard to implications for insurance companies, they can make full use of with-profits policies for marketing purpose and the main product in the product portfolio. Finally, with regard to implications for the policyholders, the with-profits policies are not expensive by comparison with the without-profits policies. The with-profits policies provide benefit to the policyholders on a solvency basis.

A study on the Business Result of Regional Agricultural Cooperatives and allotting System : Comparison Analysis of 15 Agricultural Cooperatives (지역농협 경영성과 분석과 배당제도에 관한 연구 : 15개 농협의 비교분석)

  • Park, Jong-Mi
    • Management & Information Systems Review
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    • v.20
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    • pp.85-113
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    • 2007
  • This study came up with a comparison analysis between the average results of Whole National Cooperatives and Kyonggi cooperatives from 2000 to 2005. 15 Kyonggi Agricultural Cooperatives which are nearly the same in the aspects of size and local conditions, - Songpo, Shindo, Ilsan, Jido, Migum, Dongduchon, Bucheon, Ojeong, Naksaeng, Seongnam, Suwon, Kunja, Banweol, Ansan, Suji- are selected as comparable ones while the cooperatives of Kwangmyung, Kungpo, Anyang, Euiwang represent as Kwachon neighborhood cooperatives. The analysis result proposes some desirable ideas to activate the business of local cooperatives as follows. First, the top limit of allotting profits seem to require having the lower adjustment which takes into account the interest rates. Second, the system allotting the profits in proportion to the record of the use should be improved. Third, In order to activate the business of semi-members, allotting profit system in proportion to the record of the use should be established.

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Analyzing the Effectiveness of Closed Season Policy Using an Integer Linear Programming (정수선형계획법을 이용한 금어기 제도의 효과 분석)

  • Cheon, Seong-Hoon;Suh, Young-Sang;Kim, Do-Hoon
    • The Journal of Fisheries Business Administration
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    • v.46 no.3
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    • pp.73-82
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    • 2015
  • This study aimed to evaluate the effectiveness of closed season policy using an integer linear programming, targeting the large purse seine fishery in Korea. In the analysis, based on Cheng and Townsend(1993), fishing effort (fishing days by month) was assumed to be distributed for profit maximization of vessels and catch of immature fish was estimated. The analytical results showed that the effects of closed season policy would vary in accordance with the monthly closures in terms of fishing profits and catch of immature fish. A closed season policy by month had different effects on fishing profits and catch of immature fish by species. It implies the importance of considering seasonal changes of fish species when limiting fishing efforts with the closed season policy.

The Research on the Managing Method for Reasonable Amount of Inventory in Construction Site Using Inventory Model and BIM Data. (재고모형과 BIM 데이터를 활용한 건설현장의 적정 재고 관리방안에 대한 연구)

  • Kim, Ban-Seok;Park, Byung Joo;Park, Jung-Lo;Kim, Joo-Hyung;Kim, Jae-Jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • pp.119-120
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    • 2012
  • The management for materials and inventory is one of the factors which are considered the most for profits of a business in almost all industrial fields. Resource procurement which occupies more than 40% of an overall construction cost has a strong relationship with profits of a business but it is regarded as a work for a manager rather than for a technician. It makes the importance of resource procurement relatively low and slows down the development of workings. As the construction project becomes more larger and complicated, effective management for materials are directly affecting the profits of a business. Therefore, this research works on finding an economical managing method for materials according to a characteristic of construction project based on accurately forecasted BIM data. Finding a reorder point by using BIM data which contains an accurate data for schedule and material enables a better management for materials and provides more accurate data on matters which were used to be determined by an intuition of a manager.

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Enhancing the Profitability of Domestic Banks (국내 은행의 수익성 제고)

  • Lee, Sang-Kyung;Park, Su-yong
    • Journal of the Korea society of information convergence
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    • v.8 no.1
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    • pp.13-23
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    • 2015
  • The study examines the current situations of bank industry whose profitability has been worse recently, finds out the causes of the reduced bank profits, and presents ways to solve the problem. The ways to strengthen the profitability are as follows:First, the expansion of business area is needed. It is necessary to expand business that will create new profits through M&A between the bank and other industries. Second, reorganization for the high-value business is needed. The bank should no longer depend on the profits by deposits and loans, but develop high-value business area for high profitability. The bank business strategy needs to focus on the long-term profitability, not the short-term one. Third, the structure of bank needs to be slimmed. Slimming the structure should be based on the efficiency of business for the future, not for a short-sighted profitability. Fourth, the interest rates of deposits and loans need to be differentiated. The bank profitability can be enhanced by promoting deposits and loans which reflect low risk and high profitability. Fifth and lastly, advancing to abroad needs to be revitalized. Securing the oversea's bank markets can play a key role in strengthening the profitability of banks in the future.

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Success Factors Analysis of Domestic Franchise Business - A Study on the CEO of Kwangju and Jeonnams -

  • Song, Ji-Hyun;Jo, Gye-Beom
    • Journal of the Korea Society of Computer and Information
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    • v.23 no.4
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    • pp.155-165
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    • 2018
  • In this paper, We conducted to find out what factors may affect the development of franchise businesses by reviewing the success factors of the domestic franchise business. The research was conducted by the CEOs of Gwangju and Jeonnam Franchise Business and a total of 137 items were used in the empirical analysis. Factors influencing success of the franchise business were designed in five areas : ability of the franchise CEO, franchise system, brand management, capacity of the parent store, and product differentiation. We conducted multiple regression analysis and simple regression analysis for the research assumptions, Validation of the relationship between variables revealed that the ability of the franchise CEOs, franchise systems, brand management, and product differentiation did not significantly affect the increase in member sales, so the ability of the shareholders to increase their sales was important. However, the impact on revenue growth at franchise headquarters has all been significant, The increase in sales of franchises has a significant influence on the increase in profits of franchise headquarters, the report said. It was also found that an increase in the sales of franchises has a significant influence on the success of franchises. Finally, it was revealed that increasing profits at franchise headquarters significantly affects the success of the franchise business.

A study on the practical measures of the corporate crime investigation -Focusing on white color crime-

  • Nam, SeonMo
    • International Journal of Advanced Culture Technology
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    • v.8 no.2
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    • pp.96-100
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    • 2020
  • In this paper, I try to help the business operation so that they could continue the desirable operation despite the unfavorable conditions. It is important to reinforce for corporate growth various support measures to generate profits. However, if they are involved in criminal activities such as slush fund creation, they will have to deal with them separately. As a result, To raise awareness helps to keep the company running. Recently, the companies are in a poor condition due to overseas migration. If a company does not create profits by doing business, it is a burden to continue operating and it will eventually be hard to support and destroy. The corporate crime and white-collar crime are mostly similar types, mainly because they occur in the industry. The corporate crime proceeds throughout the company and ultimately translates into corporate profits. The white-collar crime, on the other hand, is a profitable part of the individual. In the process of generating profits, the purpose and management method of slush funds is an important issue in judging whether illegal immorality of business is intended or not. In addition, in the case of the corporate crime, it seems necessary to identify the types of slush fund raising activities in addition to the investigations of the accomplices and clinical investigations, and to apply efficient investigation methods on a case-by-case basis. At present, many companies frequently migrate overseas due to the influence of domestic regulations. In this process, if it is involved in crime such as a borrowing accounts or the purpose of slush fund creation should be treated separately.