• Title/Summary/Keyword: 시장구조지표

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Influence of Overseas Construction Business on Construction Companies' Financial Stability (해외건설사업이 건설업체 재무적 안정성에 미치는 영향 분석)

  • Cho, Kyu-Su;Lee, Sang-Hyo;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.1
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    • pp.43-51
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    • 2013
  • The changes in business structure of domestic construction companies suggest that there is a close relationship between the volume of overseas project and a company's financial condition. Based on this assumption, this study conducts an empirical analysis on a relationship between overseas project and financial stability of a construction company. The ratio of liquidity and liability was used as liquidity index and stability index respectively. The analysis was based on quarterly time-series data between 2000 and 2010. Two models were constructed for the analysis: Model 1 was based on the liquidity ratio and the amount of domestic and overseas construction project; Model 2 was based on the debt ratio and the amount of domestic and overseas construction project. The analysis results showed that the increasing amount of overseas project facilitated short-term financing with greater liquidity, and yet it was not very effective in lowering the debt ratio. This suggests that the dramatic increase in overseas construction project, which is observed recently, is not entirely an optimistic sign.

A Study on Determinants of Banks' Profitability: Focusing on the Comparison between before and after Global Financial Crisis (은행의 수익성에 영향을 미치는 요인에 관한 연구: 금융위기 전·후 비교를 중심으로)

  • Kim, Mi-Kyung;Eom, Jae-Gun
    • The Journal of the Korea Contents Association
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    • v.18 no.1
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    • pp.196-209
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    • 2018
  • This study is founded on banks' profitability factors. Unlike the previous study in terms of diversification of the banks' funding structure, this research performs multiple regression analysis during the entire period and examines the comparative analysis of before and after the financial crisis. the study establishes hypotheses by using the wholesale funding ratio as a key focus variable with 8 explanatory variables and the operating profit on assets as a profitability index. The Loan-deposit rate gap, the Number of stores and the Non-performing loan ratio prove to be a significant profitability factor for all periods of time. Korean banks are also more profitable when their the Loan-deposit rate gap get bigger and the Number of stores grows. The wholesale funding ratio is analyzed to have no statistically significant effect on the profitability of banks. Rather than being influenced by macroeconomic indicators, it is indicated that the situation of individual banks and other financial environments have been affected. And banks increase profitability as banks increase their loan after the financial crisis. The empirical analysis shows that profitability factors have periodical distinctions, and in this aspect, this research has implications. The study needs to be expanded to cover the entire domestic banking sector, in consideration of the profitability of the banking industry in the future.

A Study on establishment of performance indicator using BSC for local public enterprise - Focus on GEIC's Case - (BSC를 이용한 지방공기업의 성과지표 설정에 관한 연구 - 광주광역시 환경시설공단 사례를 중심으로 -)

  • Ra, Jong-Hei;Choi, Kwang-Don;Lee, Sang-Jun
    • Journal of the Korea Society of Computer and Information
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    • v.11 no.6 s.44
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    • pp.237-248
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    • 2006
  • Nowadays, the administration is strongly driving self-innovation including public sector to solve problems continuously pointed out as issues of public sector such as the low management achievement, the low productivity and costliness structure, the low ability coping with market changes and ineffectiveness in managing organization. The core of such renovation is the systematic performance management. Provincial public enterprises are also required to furnish system that can measure management results accurately and make payment according to measured results under autonomous management system to raise management efficiency and strengthen competitive power. In this paper, we design framework for measuring management results of provincial public enterprises based on Balanced Scorecard and show the example applied to Gwangiu Metropolitan City Environmental Installations Corp (GEIC).

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A Study on Customer Satisfaction of Mobile Shopping Apps Using Topic Analysis of User Reviews (사용자 리뷰 토픽분석을 활용한 모바일 쇼핑 앱 고객만족도에 관한 연구)

  • Kim, Kwang-Kook;Kim, Yong-Hwan;Kim, Ja-Hee
    • The Journal of Society for e-Business Studies
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    • v.23 no.4
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    • pp.41-62
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    • 2018
  • Despite the rapid growth of the mobile shopping market, major market participants are continuing to suffer operating losses due to severe competition. To solve this problem, the mobile shopping market requires research to improve customer satisfaction and customer loyalty rather than excessive competition. However, the existing studies have limits to reflect the direct needs of customers because they extract the factors on the basis of the Technology Acceptance Model and the literature study. In this study, to reflect the direct requirements of users of mobile shopping Apps, we derived concretely and various factors influencing customer satisfaction through a topic analysis using user reviews. And then we assessed the importance of derived factors to customer satisfaction and analyzed the effects of customer satisfaction on customer complaints and customer loyalty on a structural equation model based on the American customer satisfaction index. We expect that our framework linking a topic analysis and a structural equation model is to be applicable to studies on the customer satisfaction of other mobile services.

Effect that Corporate Governance in Cash Flow : Focus on Entertainment Industry (기업의 지배구조가 현금흐름에 미치는 영향 : 엔터테인먼트 산업을 중심으로)

  • Ko, Dong-Won
    • The Journal of the Korea Contents Association
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    • v.10 no.3
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    • pp.187-195
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    • 2010
  • So that this study confirms going concern's availability laying focus on entertainment industry possibility of default judge, focus in cash flow that is important accounting indicator pointer to do cause of bankruptcy, payable capability, insolvent estimate etc and analyzed effect that governance gets in cash flow. The sampling period was from 2005 to 2008 and the number of samples was 44. In analysis technique, implement basic statistical, t-test, correlation, regression. Is as following if summarize result. CFO, for debt ratio, negative(-), enterprise size was exerting positive(+), and cash flow by investment activity enterprise size negative(-) influence reach.

긍정심리자본이 중소기업 구성원의 직무소진에 미치는 영향연구

  • Choe, Seong-Yong;Ha, Gyu-Su
    • 한국벤처창업학회:학술대회논문집
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    • 2019.11a
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    • pp.39-43
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    • 2019
  • 우리나라 중소기업을 '9988'이라는 숫자에 대입해 비유하기도 한다. 기업 숫자로 보면 전체기업의 99%가 중소기업이고, 전체 근로자의 약 88%가 중소기업에 종사하고 있다(중소기업 중앙회, 2015년 중소기업위상지표, 2015. 5)는 의미이다. 하지만 대부분의 중소기업은 대기업에 비해 취약한 재무구조, 기술 또는 인적 경쟁력을 확보하지 못함으로써 발생되는 생산성 저하, 비효율적 업무처리 방식에 기인한 고비용, 저효율의 구조적 문제를 지니고 있다. 더욱이 21세기 시장경제 흐름에 따른 환경변화에 빠르게 대처하지 못하는 현실이 앞으로의 미래를 더 암울하게 바라보는 이유이기도 하다. 중소기업은 이러한 구조적 문제 외에 창업주나 CEO 관련된 인적 리스크에도 미래를 담보할 수 없으며, 지속가능 경영을 할 수도 없다. 특히 회사가 어려움에 봉착했을 때 중소기업의 구성원들은 소진(Burnout, 번아웃)을 경험하게 되며, 이를 업무와 관련해서는 직무소진이라 말한다. 직무만족을 저하시키는 이 직무소진은 개인에게 부정적 개념을 가지게 하여 직무수행 능력을 저하시키며, 개인적 측면에서도 신체적, 심리적으로 부정적 영향을 미치게 한다. 본 연구는 긍정심리자본이 직무소진에 미치는 영향에 관해 초점을 맞추고자 한다. 긍정심리자본이 중소기업 구성원의 직무소진에 긍정적 영향을 끼쳐 회사의 성장과 번영을 위한 조직유효성을 이끌어 낼 수 있다고 보기 때문이다. 이 연구는 중소기업 구성원의 긍정심리자본을 높여 직무소진을 줄이게 함으로써 향후 지속가능한 경영을 달성하게 만드는 단초가 될 것으로 본다.

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국내외(國內外) 금리격차(金利隔差) 분석(分析)과 금리(金利)의 하향안정화(下向安定化) 가능성(可能性)

  • Seong, Jun-Ho;Lee, Deok-Hun
    • KDI Journal of Economic Policy
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    • v.19 no.1
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    • pp.51-104
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    • 1997
  • 최근의 고금리논쟁과 자본시장개방에 대응한 정책방안을 둘러싼 많은 논의의 핵심은 우리나라의 제반 거시경제여건을 반영하는 장기적 의미에서의 균형금리수준이 어느 정도인가에 대한 것이다. 장기적인 관점에서 볼 때 한 나라의 금리수준은 그 나라의 거시경제여건을 반영하는 균형금리의 추세를 반영하기 마련이며, 이러한 균형금리수준을 왜곡하는 정책 및 규제는 경제의 불안정성을 야기할 뿐, 민간부문의 규제회피노력 등으로 결국은 무력화될 소지가 높기 때문이다. 본 연구의 목적은 우리나라 금리변동의 요인 및 특성에 대해 세밀히 살펴보고, 국내외 실질금리격차의 실증분석을 통하여 그 구조적 원인을 파악하여 보며, OECD 국제비교분석을 통하여 현재 우리나라의 균형금리수준을 가늠하여 봄으로써, 향후 본격적인 자본시장개방에 대응한 통화금융정책의 모색에 하나의 지표를 제시하여 보려는데 있다. 본고의 연구분석결과에 의하면 우리나라의 명목금리는 실질경제성장률 외에도 기대인플레이션 및 경상수지적자와 밀접한 관계가 있으며, 해외금리 및 예상환율절하율도 점차 주요한 금리의 설명변수로서 나타나고 있다. 엄밀한 의미에서의 피셔효과는 기각되나 기대인플레이션이 명목 및 실질금리의 가장 주요한 변동요인으로 나타나 물가안정을 통한 인플레이션 기대심리의 불식이 향후 금리안정의 관건으로 분석되었다. 특히 통화공급의 유동성효과는 단기적으로만 나타나며 장기적으로는 오히려 금리상승을 유발하는 것으로 나타나 금리안정을 위해서는 안정적인 통화관리가 중요한 것으로 분석되었다. OECD 국제비교분석을 통하여 추정해 본 결과 우리나라의 1997년 균형금리수준은 회사채수익률 기준 약 11%대로 나타나 소폭의 금리하락 가능성이 있으나 지속적인 경상수지의 불균형 등 금리하락여건은 여의치 않은 것으로 보인다. 이미 자본시장개방이 진전된 OECD 국가들의 실증분석에서도 나타나듯이 금리의 하향안정화는 거시경제의 안정과 금융의 효율성 제고가 동시에 이루어져야만 가능한 것이다. 그러므로 향후 금리정책은 금리의 가격기능을 조속히 회복시켜 자원배분의 효율성을 극대화할 수 있는 시장메커니즘을 활성화하는 방향으로 추진되어야 할 것이다.

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The Change of Market Competition After Import Liberalization of Petroleum Products (석유제품 수입자유화 이후 시장경쟁의 변화)

  • Kim, Jin Hyung
    • Environmental and Resource Economics Review
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    • v.12 no.4
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    • pp.637-661
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    • 2003
  • This paper analyzes the impact of import liberalization of petroleum product market in 1997 on the behavior of a domestic industry, regarded as a typical oligopoly. Based on the theory of implicit cartel, two regression equations were formulated and estimated for domestic production and refinery margin using monthly data for the period from Jan. 1994 to June 2003. Estimation results show that not only did domestic production rise sharply but also the refining cost fell substantially throughout 1996 before the actual liberalization of imports, Such a response is clearly consistent with the implicit cartel theory, which suggests that once the difficulty of maintaining a cartel in the future is recognized, the cartel immediately collapses and anticipation of import liberalization can cause immediately lowering market price as well as an immediate expansion of the supply by a domestic industry. However, the significant reduction of refinery cost accompanied by a large contraction in domestic output after the actual implementation of import liberalization can be explained by the collapse of implicit cartel caused by the anticipated liberalization of imports. Thus, import liberalization in the sense of allowing entry of foreign producers into domestic market has seemed to be an effective means to weaken market power and induce more competitive conduct of domestic firms.

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A Review on the Planning of Subscriber Access Networks (가입자 선로망 설계에 대한 고찰)

  • Kim, Ji-Pyo
    • IE interfaces
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    • v.9 no.3
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    • pp.101-109
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    • 1996
  • 가입자선로는 통신망 이용자가 단말장치를 이용하여 통신서비스를 제공받는 부분으로 통신시설투자의 상당한 비를 차지하고 있다. 그러나 가입자선로는 그 규모의 방대함과 구조의 복잡성 및 다양성 동으로 신기술의 도입이 늦으며 변화의 정도가 매운 느린 분야로, 멀티미디어 서비스 및 인터넷 등 신규 서비스의 태동과 치열해지는 통신시장의 경쟁 상황에서 전체 네트워크의 병목이 되고 있어, 기술 및 운용상의 측면에서 뒤늦게 주목 받는 분야가 되었다. 본 고에서는 통신망의 근간이 되는 가입자선로의 구성 및 역할에 대하여 살펴보고 급변하는 정보통신 환경 속에서의 가입자선로의 위치를 신규서비스 및 가입자선로 기술 발달의 측면에서 서술하고, 초고속통신망 구추계획의 핵심이 되고 있는 광가입자선로 배선기법을 중심으로 한 가입자선로망 설계 및 추후 연구방향에 대하여 논하고자 한다.

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Structural Changes in Rental Housing Markets and a Mismatch between Quartile Income and Rent (월세 임차시장의 구조적 변화에 따른 분위별 소득과 임대료 간의 부정합 분석)

  • JungHo Park;Taegyun Yim
    • Land and Housing Review
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    • v.14 no.4
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    • pp.17-37
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    • 2023
  • The rental housing market in South Korea, specifically monthly rent with deposit, has been expanding over the last three decades (8.2% in 1990 to 21.0% in 2020), partly replacing the traditional Jeonse market. The distribution of rent has changed due to public rental subsidies and the emergence of luxury rental housing, while the distribution of rental household income has been polarized because of the emergence of rich renters. This study attempts to measure the structural changes in the rental market by developing a new indicator of income-rent mismatch. Using the seven series of the Korea Housing Survey, this study analyzed the changes in rent (reflecting the conversion rate) and income levels of rental households in 2006 (base year) and 10-15 years later (the analysis year) at the national level and at the spatial unit of 16 metropolitan cities and provinces (excluding Sejong), respectively, by dividing them into quartile data. The result reveals that rental housing was undersupplied in middle- and high-income rental housing due to the decline in the highest quartile (25%→18%) and the third quartile groups (25%→20%), while the supply of public rental housing expanded for the second quartile (25%→28%) and the lowest quartile (25%→35) groups. On the demand side, the highest income quartile shrank (25%→21%), while the lowest income quartile grew (25%→31%). Comparing the 16 metropolitan cities and provinces, there were significant regional differences in the direction and intensity of changes in rent and renter household income. In particular, the rental market in Seoul was characterized by supply polarization, which led to an imbalance in the income distribution of rental households. The structural changes in the apartment rental market were different from those in the non-apartment rental market. The findings of this study can be used as a basis for future regional rental housing markets. The findings can support securing affordable rental housing stock for each income quartile group on monthly rent and developing housing stability measures for a balance between income and rent distribution in each region.