• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.303-314
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• 2021

The higher the firm performance, the more chances enterprises can expand and develop their production, create jobs, and improve the workers' living quality. The main objective of this study was to measure the internal factors influencing the firm's performance of food and beverage (F&B) firms listed on the Hanoi Stock Exchange (HNX). Data was collected on 15 F&B firms listed on the HNX from 2015 to 2019 We use mixed research method, both qualitative and quantitative. For the quantitative research method, the supporting tool is Stata13 software. The results via Ordinary Least Squares (OLS) regression method show the impacts of internal factors with the following observed variables: the ratio of short-term debt to total liabilities (CS1) and total assets (S2) have an opposite impact (-) on ROA and ROE; debt-to-total assets ratio (CS2) has an opposite effect (-) on ROA; growth of total assets (G2) of the growth factor positively affects (+) ROA and ROE, the remaining factors do not affect ROA and ROE; and internal factors do not influence ROS. Based on the findings, some recommendations have been proposed to help the F&B firms listed on the Hanoi Stock Exchange improving their firm performance in the future.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.885-896
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• 2021

The general role of commercial banks is to provide financial services to the general public and business, ensuring economic and social stability and sustainable growth of the economy. Commercial banks play an important role in mobilizing and channelizing funds for investment activities. This study analyzes the impact of the key financial variables on the net profit of the selected commercial banks in Oman. The study employs times series panel data - cross-sectional analysis of the key financials of five leading commercial banks for a period of 13 years from 2007 to 2019. The results reveal that the correlation matrix of the selected variables has a positive relationship with net profit, assets, deposits, loans, and interest income. However, the findings also shows a negative relationship between net profit and net loans to total deposits ratio. The study found net loans is the main independent variable that influences the profitability of the banks since the key source of revenue comes from the lending operations. The assets, total capital adequacy ratio have a mixed effect on the profitability of commercial banks. The total deposits and capital adequacy ratio have a negative effect on profitability mainly because excessive liquidity will increase the cost of capital and reduce the return on investment. Focusing on lending operations with a sound credit portfolio will improve profitability.

• 정보처리학회논문지:컴퓨터 및 통신 시스템
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• 제8권7호
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• pp.177-180
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• 2019

대표적인 취약점 스코어링 시스템은 CVSS다. 하지만 CVSS는 취약점이 자산에 미치는 영향성 관점을 평가 하지 않아 사용되지 않거나 중요도가 낮은 자산에 대해서도 동일한 우선순위로 처리해야하기 때문에 대규모 시스템의 위험도가 높은 취약점의 경우 효과적이고 신속한 대응을 할 수 없다. 시스템 구성을 계층화 하고, 계층 간의 그리고 계층내의 중요도에 따른 가중을 평가하는 영향성 관점의 평가 시스템인 계층적 가중 기반의 취약점 영향성 평가 스코어링 시스템을 제안한다.

• 한국정보통신학회:학술대회논문집
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• 한국정보통신학회 2019년도 춘계학술대회
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• pp.87-89
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• 2019

기존의 문화재 의무교육과정은 흥미와 가시성 측면의 부족함으로 인해 교육적인 효과를 기대하기 어려운 측면이 있다. 본 연구에서는 4차산업혁명 시대를 맞아 주목 받고 있는 증강현실의 다중마커 인식 기술을 기반으로 문화재 3차원 데이터를 활용한 응용콘텐츠 및 교구재를 제작하여 대중적으로 문화재를 즐기며 학습 할 수 있도록 하는 증강현실 어플리케이션을 제안한다. 다수의 마커를 인식 가능한 다중마커 기술의 콘텐츠의 경우 다양한 이벤트 추가와 연출력을 강화할 수 있다. 향후 제안하는 증강현실 앱은 문화재를 활용한 다양한 교육용 콘텐츠 제작기술 연구에 활용될 것이라 사료된다.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.527-538
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• 2021

The purpose of the study is to determine the efficiency, position, and partner selection of securities companies via the negative super-SBM model used in data envelopment analysis (DEA). This model utilizes a variety of inputs, including current assets, non-current assets, fixed assets, liabilities, owner's equity and charter capital, and outputs including net revenue, gross profit, operating profit, and net profit after tax collected from the financial reports (Vietstock, 2020) of 32 securities companies, operating during the period from 2016 to 2019, negative data are collected as well. Empirical results determined both efficient and inefficient terms, and then further determined the position of each securities firm under consideration of every term. The overall score arrived at discovered a large performance change realizing a maximum score able to reach 20.791. In the next stage, alliancing inefficient companies was carried out based on the 2019 scores to seek out optimal partners for the inefficient companies. The tested result indicated that AAS was the best partner selection when its partners received a good result after alliancing, as with FTS (11.04469). The partner selection is deemed as a solution helpful to inefficient securities companies in order to improve their future efficiency scores.

• 대한건축학회논문집:계획계
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• 제35권6호
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• pp.69-80
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• 2019

This research focuses on 10 modern museums built in Europe near important cultural assets of UNESCO World Heritage level. This study aims to reveal the coexistence of European laminated history and contemporary architecture by considering various aspects of respecting the existing and maintaining their identity as modern buildings, using these cultural assets as a basic concept of planning while minimizing conflicts with the past. The four measures of respecting existing cultural heritage are arranged by showing respect by lowering oneself, sympathizing with others, preparing for harmony with modernity, and communicating by looking at. The measures that reveal the identity of modern buildings are confirmed by classifying them as modern and post-modern approaches, each with several options. Through this study, we have been able to extract useful lessons for us, as well, while the past and present coexist successfully, by taking history as a reliable guide to take a fresh leap from it, rather than as a solidified remnant of inertness.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.441-449
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• 2021

Bankruptcy is indicated by the inability of the company to meet its maturity obligations. The Covid-19 pandemic has had a terrible impact on the economy and businesses. The aim of this study to determine the effect of the ratios of activity, growth, leverage, and profitability in predicting bankruptcy projected by earnings per share (EPS). The sample of this research was non-banking financial sector companies listed on the Indonesia Stock Exchange in 2015-2019 and the purposive sampling technique was used. The data analysis method used was the logistic regression method to test the hypotheses. Company growth shows the company's ability to manage sales and generate high company profits, as such, the probability of the company experiencing bankruptcy will be lower. The results of this study showed that the debt to assets ratio (DAR), debt to equity ratio (DER), and return on assets (ROA) can predict bankruptcy. Meanwhile, this research found that the total assets turnover (TATO) ratio, sales growth, and net profit margin (NPM) cannot be used to predict bankruptcy.

• 한국가족관계학회지
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• 제22권4호
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• pp.205-221
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• 2018

Objectives: The purpose of this study was to examine the effects of developmental assets(social support, ego-resilience) on school adjustment on Korean Chinese left-behind adolescents. This study is meaningful to find implications for preparing supportive measures for the school adjustment of them. Method: 412 students who were in 3 middle schools in Yanbian Korean Autonomous Region responded to the questionnaire. A structural equation model was analyzed using SPSS 24.0 and AMOS 24.0 programs. Results: The main results of this study are as follows: First, left-behind adolescents' social support is influenced directly on school adaptation and indirectly through ego-resilience. Second, the left-behind adolescents with higher ego-resilience showed higher school adjustment. Conclusions: This study suggests that a balanced support system for developmental assets as internal and environmental factors is necessary for Korean Chinese left-behind adolescents' school adjustment.

• Communications for Statistical Applications and Methods
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• 제28권1호
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• pp.59-79
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• 2021

Value at Risk (VaR) is one of the most common risk management tools in finance. Since a portfolio of several assets, rather than one asset portfolio, is advantageous in the risk diversification for investment, VaR for a portfolio of two or more assets is often used. In such cases, multivariate distributions of asset returns are considered to calculate VaR of the corresponding portfolio. Copulas are one way of generating a multivariate distribution by identifying the dependence structure of asset returns while allowing many different marginal distributions. However, they are used mainly for bivariate distributions and are not widely used in modeling joint distributions for many variables in finance. In this study, we would like to examine the performance of various copulas for high dimensional data and several different dependence structures. This paper compares copulas such as elliptical, vine, and hierarchical copulas in computing the VaR of portfolios to find appropriate copula functions in various dependence structures among asset return distributions. In the simulation studies under various dependence structures and real data analysis, the hierarchical Clayton copula shows the best performance in the VaR calculation using four assets. For marginal distributions of single asset returns, normal inverse Gaussian distribution was used to model asset return distributions, which are generally high-peaked and heavy-tailed.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.319-329
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• 2021

The study examines the impact of bank-level factors like non-performing assets, capital adequacy, and insolvency risk on bank performance. This study employs a quantitative method with panel data regression. The data was taken from the annual financial statements of state-owned commercial banks and private commercial banks in Indonesia from 2015 to 2019 using a purposive sampling method with a total sample of 470 observations. The result of the study shows that non-performing assets (NPA) have a significant negative impact on bank performance. Capital adequacy has a significant negative impact on bank performance. Insolvency risk for a bank means it cannot repay its depositors because its liabilities are greater than its assets; therefore, it has a significant impact on bank performance. This study is expected to help banks to understand how to manage the risks they face and to maintain their performance. This study uses 'size' and 'age of bank' as control variables and for credit risk and insolvency risk, Z-Score is used.