• Title/Summary/Keyword: Asset Quality

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The Diversification and Financial Performance of Korean Credit Unions (신용협동조합의 영업다각화가 경영성과에 미치는 영향)

  • Hyun, Jung-Hwan
    • Asia-Pacific Journal of Business
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    • v.9 no.3
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    • pp.37-50
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    • 2018
  • This paper examines the relationship between diversification and financial performance of community credit unions in Korea from 2011 to 2017. To do so, I employ fixed-effects panel analyses using credit union level panel data collected from the National Credit Union Federation of Korea. This study finds evidence that business diversification is likely to lower the ratio of troubled loans, which means improving asset quality of credit unions. However, the relationship between diversification and asset quality is not linear but nonlinear, which means over-diversification would have negative effects on asset quality. Next, diversification tends to increase profitability. Specifically, although diversification results in a rise in expenditures, an increase in profits made by diversification outweighs the rise in expenditures, which contributes to profitability. Put together, diversification would be a good business strategy to improve both profitability and asset quality. Given a result that fast loan growth deteriorates asset quality, credit unions' managers might adopt the diversification strategy to enhance asset quality, and not to pursue their own objectives motivated by moral hazards.

The Critical Analysis of the Bloomberg Estimation of the Cost of Equity Capital for Korean Firms (블룸버그(Bloomberg)를 이용한 한국기업의 자기자본비용 추정에 대한 타당성 분석)

  • Park, Kyung-Do;Ahn, Seoung-Pil
    • Asia-Pacific Journal of Business
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    • v.9 no.4
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    • pp.29-47
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    • 2018
  • This paper examines the relationship between diversification and financial performance of community credit unions in Korea from 2011 to 2017. To do so, I employ fixed-effects panel analyses using credit union level panel data collected from the National Credit Union Federation of Korea. This study finds evidence that business diversification is likely to lower the ratio of troubled loans, which means improving asset quality of credit unions. However, the relationship between diversification and asset quality is not linear but nonlinear, which means over-diversification would have negative effects on asset quality. Next, diversification tends to increase profitability. Specifically, although diversification results in a rise in expenditures, an increase in profits made by diversification outweighs the rise in expenditures, which contributes to profitability. Put together, diversification would be a good business strategy to improve both profitability and asset quality. Given a result that fast loan growth deteriorates asset quality, credit unions' managers might adopt the diversification strategy to enhance asset quality, and not to pursue their own objectives motivated by moral hazards.

Automatic Algorithm for Cleaning Asset Data of Overhead Transmission Line (가공송전 전선 자산데이터의 정제 자동화 알고리즘 개발 연구)

  • Mun, Sung-Duk;Kim, Tae-Joon;Kim, Kang-Sik;Hwang, Jae-Sang
    • KEPCO Journal on Electric Power and Energy
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    • v.7 no.1
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    • pp.73-77
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    • 2021
  • As the big data analysis technologies has been developed worldwide, the importance of asset management for electric power facilities based data analysis is increasing. It is essential to secure quality of data that will determine the performance of the RISK evaluation algorithm for asset management. To improve reliability of asset management, asset data must be preprocessed. In particular, the process of cleaning dirty data is required, and it is also urgent to develop an algorithm to reduce time and improve accuracy for data treatment. In this paper, the result of the development of an automatic cleaning algorithm specialized in overhead transmission asset data is presented. A data cleaning algorithm was developed to enable data clean by analyzing quality and overall pattern of raw data.

A Study on the Way to Improve Quality of Asset Portfolio Management Using Structural Time-Series Model (구조적 시계열모형을 이용한 자산포트폴리오 관리의 개선 방안)

  • 이창수
    • Journal of Korean Society for Quality Management
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    • v.31 no.3
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    • pp.160-171
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    • 2003
  • Criteria for the comparison of quality of asset portfolio management are risk and return. In this paper a method to use structural time-series model to determine an optimal portfolio for the improvement of quality of asset portfolio management is suggested. In traditional mean variance analysis expected return is assumed to be time-invariant. However, it is more realistic to assume that expected return is temporally dynamic and structural time-series model can be used to reflect time-varying nature of return. A data set from an insurance company was used to show validity of suggested method.

Evaluation Method of Architecture Asset (아키텍처 자산의 평가 방법)

  • Choi, Han-yong
    • Journal of Convergence for Information Technology
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    • v.8 no.5
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    • pp.101-106
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    • 2018
  • Software are being studied to register and manage assets. And Methods for evaluating software systems have been based on subjective evaluation criteria. We propose an evaluation model for evaluating complex assets obtained from the complexity measurement of the preceding asset management system. We used scales to measure and provide logical complexity to measure the complexity of our architectural assets. And we used a method to evaluate whether it expresses attribute value of architecture asset. We have also built an evaluation model criterion for evaluating the usability of the asset data based on the ISO/IEC 25010 quality model characteristics of the SQuaRE Series. When the designers design the asset as a composite asset, the optional evaluation of the negative property that weights are assigned according to the characteristics of each asset is applied to secure the flexibility of the evaluation model.

Exploring Corporate Knowledge Management Cases Based on Business Function Oriented Knowledge Asset Classification Schema (비즈니스 기능 중심 지식자산 분류체계에 따른 기업 지식관리 사례 탐색)

  • Kim, In-Sook;Choi, Byoung-Gu;Lee, Hee-Seok
    • Information Systems Review
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    • v.3 no.2
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    • pp.245-260
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    • 2001
  • While past knowledge management researches have focused on conceptualization and strategic implications, knowledge asset researches attempt to provide practical guidelines for companies. However, each research classifies knowledge asset from its own perspective, and thus it is not a trivial task to leverage consistent and inclusive criteria in managing corporate knowledge asset. The objective of this paper is to develop a knowledge asset classification schema on the basis of the three business functions: customer relationship management, product innovation, and infrastructure management. To demonstrate the feasibility of our schema, it has been applied to 9 Korean corporations. Knowledge assets are evaluated according to core capabilities, which are main drivers of sustainable competitive advantages. The results of case study show that the leveraged classification schema reflects current knowledge asset management and characteristics of corporations. Our finding is that most top-quality knowledge management corporations are likely to develop well-balanced knowledge asset.

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Automatic Cleaning Algorithm of Asset Data for Transmission Cable (지중 송전케이블 자산데이터의 자동 정제 알고리즘 개발연구)

  • Hwang, Jae-Sang;Mun, Sung-Duk;Kim, Tae-Joon;Kim, Kang-Sik
    • KEPCO Journal on Electric Power and Energy
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    • v.7 no.1
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    • pp.79-84
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    • 2021
  • The fundamental element to be kept for big data analysis, artificial intelligence technologies and asset management system is a data quality, which could directly affect the entire system reliability. For this reason, the momentum of data cleaning works is recently increased and data cleaning methods have been investigating around the world. In the field of electric power, however, asset data cleaning methods have not been fully determined therefore, automatic cleaning algorithm of asset data for transmission cables has been studied in this paper. Cleaning algorithm is composed of missing data treatment and outlier data one. Rule-based and expert opinion based cleaning methods are converged and utilized for these dirty data.

Comparison of Machine Learning Analysis on Predictive Factors of Children's Planning-Organizing Executive Function by Income Level: Through Home Environment Quality and Wealth Factors

  • Lim, Hye-Kyung;Kim, Hyun-Ok;Park, Hae-Seon
    • Journal of People, Plants, and Environment
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    • v.24 no.6
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    • pp.651-662
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    • 2021
  • Background and objective: This study identifies whether children's planning-organizing executive function can be significantly classified and predicted by home environment quality and wealth factors. Methods: For empirical analysis, we used the data collected from the 10th Panel Study on Korean Children in 2017. Using machine learning tools such as support vector machine (SVM) and random forest (RF), we evaluated the accuracy of the model in which home environment factors classify and predict children's planning-organizing executive functions, and extract the relative importance of variables that determine these executive functions by income group. Results: First, SVM analysis shows that home environment quality and wealth factors show high accuracy in classification and prediction in all three groups. Second, RF analysis shows that estate had the highest predictive power in the high-income group, followed by income, asset, learning, reinforcement, and emotional environment. In the middle-income group, emotional environment showed the highest score, followed by estate, asset, reinforcement, and income. In the low-income group, estate showed the highest score, followed by income, asset, learning, reinforcement, and emotional environment. Conclusion: This study confirmed that home environment quality and wealth factors are significant factors in predicting children's planning-organizing executive functions.

Usability Evaluation of Reconfigurable Asset Architecture (재구성 가능한 자산 아키텍처의 사용성 평가)

  • Choi, Hanyong
    • Journal of Industrial Convergence
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    • v.20 no.5
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    • pp.77-82
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    • 2022
  • Evaluating methods for software asset have been made based on subjective evaluation criteria. In this study, we try to evaluate the usability of complex assets obtained from the previous measurement of the complexity of the asset management system. The evaluation used a scale provided by measuring logical complexity to measure the complexity of the asset, and evaluated the relationship with the usability of the software asset by measuring the index related to reusability. Therefore, it can be seen that HVs maintain a constant ratio according to the composition of various assets for the two types of assets and maintain the applied consistency. Therefore, it can be determined that an asset optimized in terms of usability can be applied consistently in the architectural design process while securing as much diversity as possible.

A Quality System for Evaluating Reusability of Core Assets in Product Line Engineering (프로덕트 라인 공학의 핵심자산 재사용성 평가를 위한 품질시스템)

  • Oh Sang-Hun;Her Jin-Sun;Kim Ji-Hyeok;Rhew Sung-Yul;Kim Soo-Dong
    • Journal of KIISE:Software and Applications
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    • v.33 no.3
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    • pp.277-288
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    • 2006
  • Product line engineering (PLE) is a new effective approach to software reuse, where applications are generated by instantiating a core asset which is a large-grained reuse unit. Hence, a core asset is a key element of PLE, and therefore the reusability of the core asset largely determines the success of PLE projects. A tore asset is a reusable part not a whole system, and supports not only variable functions but also common functions. However, there are limitations to evaluate reusability of core asset that has these unique characteristics. This paper proposes a comprehensive quality system for evaluating the reusability of core assets, based on ISO/IEC 9126. We first identify the key characteristics of core assets, and derive the set of quality attributes that characterizes the reusability of core assets. finally, we define metrics for each quality attribute. In addition, we provide guidelines for applying the metrics and perform a case study based on rental product line. Using the proposed quality system, reusability of core assets can be more effectively and correctly evaluated.