• Title/Summary/Keyword: 신용문제

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Evaluating the Success Factors of Microfinance : A Case Study of Grameen Bank (마이크로파이넨스 성공요인 연구 : 그라민 은행 사례)

  • Nargis, Farhana;Lee, Sang-Ho;Kwon, Kyung-Sup
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.7 no.3
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    • pp.65-73
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    • 2012
  • Microfinance has been an important tool for the economic growth and poverty alleviation. But the success factors and risk factors have not been synthesized in academic literature. This article has paid attention to success factors and potential risk of the Grameen Bank. Grameen Bank methodology is almost the reverse of the conventional banking methodology. Conventional banking is based on the principle that the more you have, the more you can get. Founder of Grameen Bank, Professor Yunus pointed out that, "The least you have the highest you have the priority to receive a loan". On the basis of theoretical literature, there have been different kinds of success factors of microfinance observed in this paper. Key success factors of Grameen Bank are like these: innovation, strict administrative structure, adaptation and learning practice, incentive system. Complementary services such as business consulting and brokerage will contribute to borrowers' economic performance development.

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Political Economic Analysis of the Central Bank Digital Currency (중앙은행 디지털 화폐에 대한 정치경제학적 분석)

  • YoungBin Hahn
    • Analyses & Alternatives
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    • v.7 no.2
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    • pp.147-178
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    • 2023
  • While most of countries today are opposing the issuance of private-led cryptocurrency, nevertheless they are actively jumping into the issuance of government-led digital currency such as CBDC. This article aims to find an answer to this dual attitude of countries. To achieve the purpose, this article finds out the characteristics of political power and economic interest that digital currency has and applies it to the international dimension of the Bretton Woods II System. Then come up to the conclusion that the answer can be found in the fact that the current dual attitude of countries is closely related to the crisis of the international monetary order. The Bretton Woods II System, which led the world economy through reckless monetary expansion based on credit currency, exposed its limitations through the 2008 global financial crisis and put countries into difficulties. In this situation, the cryptocurrency, which appeared by raising the issue of the monopoly power of the central authority in issuing currency, had no choice but to act as an opportunity to drive countries further and further into a corner. This article views CBDC as a national response to address these issues. In other words, countries maintain their monetary power by absorbing the challenge of private digital currency at the government level through CBDC, and use this as a stepping stone to reorganize the international monetary order in crisis with the intention to use it as a means to their advantage. That is what this article is trying to argue.

A Study on the Justification for Disciplinary by the reason for Whistle-blowing (근로자의 내부고발을 이유로 한 징계의 정당성)

  • Choi, Hong-Ki
    • Journal of Legislation Research
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    • no.44
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    • pp.611-653
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    • 2013
  • An whistle-blowing is recognition of acts of misconduct or corruption by individuals(laborers) or party which belongs to a certain organization and it refers to the act of informing to the senior organization or to the outside public agency to avoid jeopardies that could be potentially lead against benefit of the public. These whistle-blowings can be a Ansatz that improve corporation's transparency and accountability by prevention of enterprise's misconduct as well, it has been recognized as an important role for the establishment of corporate ethics, moreover, social justice. What to be treated primarily as labor law problem is arousing some controversies of the possibility that the public announcement could be whether a disciplinary punishment or not because it brings some mischievous effects for the honor and the reputation to the company which conducted the illegal actions and the action of the contrary to the social value. And futhermore, recently, the matter of compensational responsibility according to the arrangement conversion, bullying followed by the informant has been brought up. The fundamental standpoint of precedent related with the judgement of justification for the punishment as reason of the whistle-blowing ought to do the sincere duty for the labor contract which is the employees are supposed to consider the employer's profits. For that reason, if the emploee release the inside fact to the public and give any damages to employer's secret or confidence or honor, it will be a causing reasong of the disciplinary punishment, but in specific cases, the relevant and level of punishment limitation can be judged by the contents of public announcement and the truth, the purpose of the acts and details and the way of announcement. Precisely, on the assumption that there are necessity of the characteristic profit or the freedom of expression for the informant, with overall consideration whether or the basis part of the informant is true or there is a fair reason which make the informant believe is true or the purpose of informant has the public profit or the contents of the whistle-blowing are important for relevant organization or the means and the way was suitable, if the whistle-blowing are approved to be resonable, the organization are not permitted the reprimand or dismiss Futhermore, to find the solution for the issues of the disciplinary punishment and the treatment of all sorts of disadvantages, for the reason of whistle-blowing, since the protection law for public declarer which was enacted in last 2011 have the position as the general law, the purport of the equal law has to be considered sytematically and also the judicial precedent which is related to the justification of whistle-blowing are needed to be considered as well.

Optimization of Multiclass Support Vector Machine using Genetic Algorithm: Application to the Prediction of Corporate Credit Rating (유전자 알고리즘을 이용한 다분류 SVM의 최적화: 기업신용등급 예측에의 응용)

  • Ahn, Hyunchul
    • Information Systems Review
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    • v.16 no.3
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    • pp.161-177
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    • 2014
  • Corporate credit rating assessment consists of complicated processes in which various factors describing a company are taken into consideration. Such assessment is known to be very expensive since domain experts should be employed to assess the ratings. As a result, the data-driven corporate credit rating prediction using statistical and artificial intelligence (AI) techniques has received considerable attention from researchers and practitioners. In particular, statistical methods such as multiple discriminant analysis (MDA) and multinomial logistic regression analysis (MLOGIT), and AI methods including case-based reasoning (CBR), artificial neural network (ANN), and multiclass support vector machine (MSVM) have been applied to corporate credit rating.2) Among them, MSVM has recently become popular because of its robustness and high prediction accuracy. In this study, we propose a novel optimized MSVM model, and appy it to corporate credit rating prediction in order to enhance the accuracy. Our model, named 'GAMSVM (Genetic Algorithm-optimized Multiclass Support Vector Machine),' is designed to simultaneously optimize the kernel parameters and the feature subset selection. Prior studies like Lorena and de Carvalho (2008), and Chatterjee (2013) show that proper kernel parameters may improve the performance of MSVMs. Also, the results from the studies such as Shieh and Yang (2008) and Chatterjee (2013) imply that appropriate feature selection may lead to higher prediction accuracy. Based on these prior studies, we propose to apply GAMSVM to corporate credit rating prediction. As a tool for optimizing the kernel parameters and the feature subset selection, we suggest genetic algorithm (GA). GA is known as an efficient and effective search method that attempts to simulate the biological evolution phenomenon. By applying genetic operations such as selection, crossover, and mutation, it is designed to gradually improve the search results. Especially, mutation operator prevents GA from falling into the local optima, thus we can find the globally optimal or near-optimal solution using it. GA has popularly been applied to search optimal parameters or feature subset selections of AI techniques including MSVM. With these reasons, we also adopt GA as an optimization tool. To empirically validate the usefulness of GAMSVM, we applied it to a real-world case of credit rating in Korea. Our application is in bond rating, which is the most frequently studied area of credit rating for specific debt issues or other financial obligations. The experimental dataset was collected from a large credit rating company in South Korea. It contained 39 financial ratios of 1,295 companies in the manufacturing industry, and their credit ratings. Using various statistical methods including the one-way ANOVA and the stepwise MDA, we selected 14 financial ratios as the candidate independent variables. The dependent variable, i.e. credit rating, was labeled as four classes: 1(A1); 2(A2); 3(A3); 4(B and C). 80 percent of total data for each class was used for training, and remaining 20 percent was used for validation. And, to overcome small sample size, we applied five-fold cross validation to our dataset. In order to examine the competitiveness of the proposed model, we also experimented several comparative models including MDA, MLOGIT, CBR, ANN and MSVM. In case of MSVM, we adopted One-Against-One (OAO) and DAGSVM (Directed Acyclic Graph SVM) approaches because they are known to be the most accurate approaches among various MSVM approaches. GAMSVM was implemented using LIBSVM-an open-source software, and Evolver 5.5-a commercial software enables GA. Other comparative models were experimented using various statistical and AI packages such as SPSS for Windows, Neuroshell, and Microsoft Excel VBA (Visual Basic for Applications). Experimental results showed that the proposed model-GAMSVM-outperformed all the competitive models. In addition, the model was found to use less independent variables, but to show higher accuracy. In our experiments, five variables such as X7 (total debt), X9 (sales per employee), X13 (years after founded), X15 (accumulated earning to total asset), and X39 (the index related to the cash flows from operating activity) were found to be the most important factors in predicting the corporate credit ratings. However, the values of the finally selected kernel parameters were found to be almost same among the data subsets. To examine whether the predictive performance of GAMSVM was significantly greater than those of other models, we used the McNemar test. As a result, we found that GAMSVM was better than MDA, MLOGIT, CBR, and ANN at the 1% significance level, and better than OAO and DAGSVM at the 5% significance level.

Evaluation of pore water pressure on the lining during tunnel operation (운영 중 터널에 작용하는 간극수압 평가기법)

  • Shin, Jong-Ho;Shin, Yong-Suk;Choi, Kyu-Cheol
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.10 no.4
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    • pp.361-369
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    • 2008
  • Control of ground water is one of the most important factors for long-term operation of tunnel because most of tunnel is located in the ground. In case of leakage tunnel, there is no pore water pressure on the lining when the drainage system is properly working. After long-term operation, however, the pore water pressure can be developed on the lining due to the deterioration of the drainage system. The increased pore water pressure on the lining is termed here as 'residual pore water pressure'. Residual pore water pressure can be measured by piezometer, but it is generally not allowed because of damages of drainage system. Therefore, an indirect and nondestructive method is required for evaluating the residual pore water pressure. Moreover, understanding of pore water pressure is needed during healthy operation of the lining. In this study, a new method for evaluation of pore water pressure on the lining during operation is proposed using theoretical and numerical analysis. It is shown that the method is particularly useful for stability investigation of pore water pressure on the lining during operation using theoretical analysis with normalized pore water pressure curve.

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Preceding Error Recovery Algorithm for Multimedia Stream in the Tree-based Multicast Environments (트리기반 멀티캐스트 환경에서 멀티미디어 스트림을 위한 선행에러복구 방안)

  • Kim, Ki-Young;Yoon, Mi-Youn;Shin, Young-Tae
    • The KIPS Transactions:PartC
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    • v.10C no.3
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    • pp.345-354
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    • 2003
  • IP Multicast is required of more little network resources than one in unicast. Furthermore, reliable multicast has been researched for supporting reliability at IP Multicast mechanism. Although these studies are carried out, they only have focused on general data. In other words, in case that realtime packet, they can not support reliability since they do not consider realtime properties such as dependency of interframe and playback in time. Besides, we also request to support scalability because we are based on Mobile IP network together with internet. Thus, we need a mechanism to guarantee reliability and scalability of realtime stream data. In this paper, we propose PER (Preceding Error Recovery) that reflect characteristics of the realtime data, especially for H.323. PER provides scalable reliability because it is based on tree-based multicast basically and helps to support scalable relibility as reducing control packet and recovers stream buffer space from underflow status as soon as possible. PER shows much better scalable and reliable than existing works.

An Effect of Business Service Industry on Korean National Economy using An Input-Output Analysis (비즈니스서비스 산업이 한국경제에 미치는 영향에 관한 연구: 산업연관분석을 이용하여)

  • Shin, Yong Jae;Yim, Myung-Seong
    • Journal of Digital Convergence
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    • v.11 no.12
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    • pp.275-285
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    • 2013
  • As the world economy has been changed into the knowledge-based society, all economic activities have globalized and intensified competition in the marketplace, and the forces of these changes are even more aggressively pressuring today's business. According to many businesses are focused on the core competence and various functions are outsourced by service providers, many firms pay heavily attention to business service. Although the importance of business service, domestic business service industry shows a low labor productivity. On the other hand, foreign business service companies in korea take a substantial portion of business service market. Thus, domestic business service needs to increase a competitiveness because of potential growth opportunities. This study attempts to find out the ripple effect of business service industry on other industry.

A Study on EDI & It's Promotion Strategy by the Exporting Firm (EDI와 수출기업의 추진전략에 관한 연구)

  • 이근영
    • Journal of the Korea Society of Computer and Information
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    • v.4 no.1
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    • pp.114-122
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    • 1999
  • The development of EDI is playing a very great role in strengthening corporate competitiveness in the foreign market in addition to the expansion of the size of trade volumes between nations and the solution of the problem or streamlining procedures for trade as well as the smooth processing of trade business and cost and time savings effects. At point in time that corporate credibility and national image in Korea have greatly fallen in the IMF-supported regime, Korea is making every effort to restore its national credibility through the expansion of exports and focusing on the increase of exports through EDI for trade as part of this. Therefore. this study was intended to probe the EDI promotion strategy of the exporting firm with the development of EDI As a result, the following conslusion was drawn : (1) Development of the EDI system to provide immediate options. (2) Making the staff information - minded at a company-wide level. (3) Development of the website as the tool of the marketing strategy. (4) Construction of the Cyber Shopping Mall.

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An improvement of the learning speed through Improved Reinforcement Learning on Jul-Gonu Game (개선된 강화학습을 이용한 줄고누게임의 학습속도개선)

  • Shin, Yong-Woo;Chung, Tae-Choong
    • Journal of Internet Computing and Services
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    • v.10 no.3
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    • pp.9-15
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    • 2009
  • It takes quite amount of time to study a board game because there are many game characters and different stages are exist for board games. Also, the opponent is not just a single character that means it is not one on one game, but group vs. group. That is why strategy is needed, and therefore applying optimum learning is a must. This paper used reinforcement learning algorithm for board characters to learn, and so they can move intelligently. If there were equal result that both are considered to be best ones during the course of learning stage, Heuristic which utilizes learning of problem area of Jul-Gonu was used to improve the speed of learning. To compare a normal character to an improved one, a board game was created, and then they fought against each other. As a result, improved character's ability was far more improved on learning speed.

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A Study on the License Management Model for Secure Contents Distribution in Ubiquitous Environment (유비쿼터스 환경의 안전한 콘텐츠 유통을 위한 라이센스 관리 모델 연구)

  • Jang, Ui-Jin;Lim, Hyung-Min;Shin, Yong-Tae
    • Journal of Korea Multimedia Society
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    • v.12 no.4
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    • pp.550-558
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    • 2009
  • In ubiquitous environment, more small, lightweight, cheap and movable device is used than one device used in wired network environment. Multimedia service which is anytime, anywhere, is provided by device. However, it does not ensure the fair use of multimedia contents and causes damage to the contents providers because of illegal copy and distribution and indiscriminate use of digital contents. For solving this problems, DRM is applied to wired network but it has the problems does not protect stored license and manage license completely because of depending on simple protection such as device authentication and cryptographic algorithm. This paper proposes the license management model using digital forensic and DRM that prevents contents and licenses from distributing illegally and also enables the creation of evidence for legal countermeasure and the protection of license in whole life cycle.

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