• Title/Summary/Keyword: Bond Market

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A Study on the Improvement of Engineering and Construction Supervision Guarantee System in Korea (국내 설계.감리 등 용역보증제도 현황 및 개선방안 연구)

  • Lee, Yong-Hee;Choi, Jae-Ho
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.3
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    • pp.53-61
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    • 2011
  • After several collapse accidents of large structures in the early 1990s in Korea, the government enacted a law that architectural, engineering and construction firms are obliged to have insurance for projects over a certain size. Particularly, with regard to insurance in design and construction supervision works (i.e. engineering insurance), although several operation-based problems were pointed out from practitioners, still little research has been done on analyzing current regnlartory and operational state and suggesting policy alternatives. Hence, this study applies Delphi technique to solicit current operational problems and propose a series of improvements on engineering insurance based on interview surveys targeting major market participants: municipalities, engineering firms, and insurance companies. Key findings culminate in adopting guarantee limits based on credit evaluation, abrogating joint surety, covering a loss of life, increasing insurance entrance fee, extending time covered, and etc. Reaching a consensus on the proposed alternatives between the market participants will form the foundation for sound developments of construction design and engineering industry.

Diversification, Industry Concentration, and Bank Margins: Empirical Evidence from an Emerging South Asian Economy

  • SARWAR, Bilal;MUHAMMAD, Noor;ZAMAN, Nadeem Uz
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.349-360
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    • 2020
  • The study aims to empirically examine the determinants of bank margins from Pakistan, an emerging South Asian economy. To elucidate the importance of the Pakistani banking sector, secondary data has been used, which was extracted from the annual accounts of twenty-four Pakistani scheduled commercial banks (20 conventional, four full-fledged Islamic) over a sample period of 2006 to 2017. The factors identified in the dealership model and the subsequent empirical developments in the dealership model categorized as bank-specific, diversification, regulatory, and industry concentration are analyzed by applying the most-common linear dynamic panel-data estimator, the Generalized Method of Moments (GMM) estimator, developed by Arellano and Bond (1991). The findings reveal that, among the bank-specific variables, funding cost, credit risk, managerial efficiency, market share, and operating cost are significant predictors of bank margins. For diversification variables employed in the study, both variables including net non-interest income and asset diversity are as well significant predictors of bank margins. It is also found that the market concentration variable proxied by the Herfindahl-Hirschman Index (HHI) is significantly predicting bank margins. Subsequently, one of the regulatory variables, the opportunity cost of holding reserves, and one bank-specific variable, the degree of risk aversion, are insignificant in the model.

A Study on CSR Types of Cosmetic Companies to Gain Customer Loyalty of Product Brand (제품 브랜드의 고객 충성도를 확보하기 위한 화장품 기업 CSR 활동 유형 연구)

  • Chung, Da-Hae;Sung, Jung-Hwan
    • The Journal of the Korea Contents Association
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    • v.19 no.12
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    • pp.184-192
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    • 2019
  • In the domestic cosmetics market, it is important to secure high customer loyalty in order to stably enter the market. To do this, customers should have a deep sense of trust and bond through the authenticity of the brand. At this time, among the components of brand authenticity, only corporate authenticity has a positive effect on customer brand attachment and loyalty. This paper suggests marketing strategies based on CSR activities that can most effectively show corporate authenticity. First, only cases where the activity was continued for more than one year and the activity contents and results were clear and recognized for authenticity were selected. Twenty cosmetic brands met this condition and 28 CSR activities which conducted by the brand are analyzed. The characteristics of each area were derived by dividing it into four areas of desirable society presented by the EU, and a marketing strategy for each type was presented. This research will be of practical help in conducting CSR activities later in the enterprise.

Motivations of Parenthood & Perceptions of Low Fertility according to Sex and Generations (성별과 세대에 따른 부모됨의 동기 및 저출산 현상에 대한 인식)

  • Ahn, Eun-Jin;Choi, Hyo-Jin;Yoo, Gye-Sook
    • Journal of Families and Better Life
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    • v.25 no.6
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    • pp.1-13
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    • 2007
  • The purpose of this study is to examine the college students' and married adults' perceptions of the current low fertility and their motivations of parenthood. It also verifies the gender differences in the numbers of planned children between male and female college students. The sample population included 100 unmarried undergraduate students and 100 married adults. The measurements included in the questionnaire were based on recommendations from the literature review. The major findings of this study are as follows: Women reported higher levels of traditional-normal and altruistic-emotional motivations of parenthood than men did. College students reported higher levels of motivations of parenthood to strengthen biological family ties than married adults did, while adults reported higher levels of martial bond-strengthening, traditional-normal, and gene-preservative motivations of parenthood than students did. College students attributed the current low fertility to the tight labor market and high costs of childbirth and rearing while married adults attributed to gender-discriminating traditional family norms, increasing infertility, and poor conditions of pregnancy and childbirth. Female and adult respondents took the social problems caused by the current low fertility more seriously than their counterparts did.

Recent Trends in Human-Care Robot and Social Interaction Technology (휴먼케어 로봇과 소셜 상호작용 기술 동향)

  • Ko, Woori;Cho, Miyoung;Kim, Dohyung;Jang, Minsu;Lee, Jaeyeon;Kim, Jaehong
    • Electronics and Telecommunications Trends
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    • v.35 no.3
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    • pp.34-44
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    • 2020
  • This paper examines the trends of recently developed human-care robots and social interaction technologies. As one of the solutions to the problems of an aging society, human-care robots have gained considerable attention from the public and the market. However, commercialized human-care robots do not meet user expectations for the role as companions. Current robot services based on short-term interaction and fragmentary pieces of intelligence have encountered difficulty in eliciting natural communication with humans. This results in the failure of human-robot social bonding. Social interaction is being actively investigated as a technique for improving robots' natural communication skills. Robots can form a natural bond with humans through social interaction, which consequently increases their effectiveness. In this paper, we introduce recent human-care robot-related issues and subsequently describe technical challenges and implications for the success of human-care robots. In addition, we review recent trends on social interaction technologies and the datasets required.

A Study of Fashion Brand Experience and Consumer Behavior

  • LEE, Jaemin
    • Journal of Wellbeing Management and Applied Psychology
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    • v.3 no.2
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    • pp.13-20
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    • 2020
  • The purpose of this study was to empirically investigate the relationship among fashion brand experience, brand loyalty, relationship quality, and repurchase intention. The 420 survey questionnaires were distributed among the consumers in their 30s and 40s who had experience buy fashion brands products through convenience sampling in Seoul. Due to the reliability of data, 120 samples were discarded and 300 samples were put to actual analysis. By using SAS 9.4, data were analyzed for frequency analysis, reliability analysis, correlation analysis. The results of the study are as follows. First, the fashion brand experience which is consist of sensory, affective, behavioral and intellectual experience had positive effects on brand satisfaction and brand trust. Second, brand trust and brand commitment and the relationship quality of brand satisfaction, only satisfaction and commitment affects brand loyalty significantly. Lastly, brand loyalty had significantly effect on repurchase intention. It presented the potential to use the brand as a strategic tool to build strong brand assets, along with providing specific ways to secure differentiated competitiveness in the fashion brand market. It is also thought to be meaningful in that we presented a practical strategy to build and strengthen a lasting bond with consumers by looking at the impact on the quality of the relationship.

Tensile Adhesive Characteristics of Waterproofing System for Concrete Bridge Decks (바닥판 조건에 따른 교면방수 시스템의 인장접착 특성)

  • 이병덕;박성기;심재원;정해문;김광우
    • Proceedings of the Korea Concrete Institute Conference
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    • 2002.05a
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    • pp.373-378
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    • 2002
  • The waterproofing system's performance is known to show a determining by complex interaction of material factors, design details, and the qualify of construction, and the waterproofing integrity of waterproofing membranes is determined by the bond to the deck and the amount of damage to the waterproofing membrane. In this research, the basic properties of waterproofing membranes on market and the tensile adhesive characteristics of waterproofing systems of concrete bridge deck have also been investigated in the view of the damages frequently reported from job site. As a results of tensile adhesive strength of waterproofing system, tensile strength is decrease with surface moisture contents except for inorganic-elastomeric liquid waterproofing membrane, and increase with strength of deck slab. Also tensile adhesive strength is generally increase in case of moisture curing of specimen because of pore structure and surface leveling. The after asphalt concrete paving tends to increase more than before those. The results of the liquid waterproofing membranes are upside-down, and the more concrete has strength, the more strength of tensile adhesive increase. The ambient temperature and the rolling temperature of asphalt concrete when application of the waterproofing membrane has considerable influence on the performance of waterproofing system.

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The Effect of New Luxury Fashion Brand's Product Benefit on Brand Loyalty and Brand Commitment - Focus on dual path model by brand Attitude and brand Attachment - (뉴럭셔리 패션브랜드 제품추구혜택이 브랜드 충성도와 브랜드 몰입에 미치는 영향 - 브랜드 태도와 브랜드 애착에 의한 이중경로 형성을 중심으로 -)

  • Choi, Mi-Young
    • Fashion & Textile Research Journal
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    • v.13 no.5
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    • pp.717-727
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    • 2011
  • As new luxury brands are becoming more popular, recent new luxury consumers are showing different tendencies of consumption. The purpose of this study is to investigates the specific bond between the product benefits for new luxury fashion brand and the consumer-brand relationship. Specifically this study conceptualizes the dual path which leads to brand loyalty and brand commitment. 300 data from on-line survey were collected from middle class women who had trading up needs and respondents were asked to select their favorable new luxury fashion brand. As a result of an exploratory factor analysis to identify the structural dimensions of product benefit for new luxury brand groups, four factors were extracted; psychological/emotional benefits, social/symbolic benefits, self-expressive benefits, and product functional benefit. Additional results show that brand attitude had more positive effect on brand loyalty and brand attachment had more positive effect on brand commitment. The findings of this study contribute to provide practical implication on market segmentation for new luxury brands.

A Study on the Evaluation of Physical Properties of Polymer-based Composite Materials for the Brake of the Automobile (자동차 브레이크용 고분자복합재료의 물리적 특성평가에 관한 연구)

  • Son, Tae Gwan;Kim, Yun Hae;Kim, Bong Sik
    • Journal of Advanced Marine Engineering and Technology
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    • v.20 no.2
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    • pp.75-75
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    • 1996
  • The rapid expansion for the auto-industry and the worldwide trend toward non-asbestos friction materials for brake lining force our industry to transfer into non-asbestos ones from asbestos-based friction materials. Furthermore, it is imperative for the friction materials to have technological excellence and lower production cost to be competitive in the world market. There is no known theoretical procedures to formulate friction materials. It, rather, depends on the trial and error process. Thus, it is quite clear how important it is to accumulate the know-how on the formulation and manufacturing the friction material. This study concerns the practical ways of conceptualizing the formulation and optimizing the manufacturing process. This study focused on the development of formulation for non-asbestos friction material as well as deriving the physical properties of the trial product to prove its validity and applicability. Elaboration of the formula and optimizing scheme of the manufacturing process to get better quality are also sought. Physical properties were obtained by constant velocity test dynamotest, hardness test and strength test. Differential scanning calorimeter was also used to analyze the thermal reactions of organic constituents, microstructures, bond effects, and degree of mixture.

A Study on the Evaluation of Physical Properties of Polymer-based Composite Materials for the Brake of the Automobile (자동차 브레이크용 고분자복합재료의 물리적 특성평가에 관한 연구)

  • 손태관;김윤해;김봉식
    • Journal of Advanced Marine Engineering and Technology
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    • v.20 no.2
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    • pp.7-14
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    • 1996
  • The rapid expansion for the auto-industry and the worldwide trend toward non-asbestos friction materials for brake lining force our industry to transfer into non-asbestos ones from asbestos-based friction materials. Furthermore, it is imperative for the friction materials to have technological excellence and lower production cost to be competitive in the world market. There is no known theoretical procedures to formulate friction materials. It, rather, depends on the trial and error process. Thus, it is quite clear how important it is to accumulate the know-how on the formulation and manufacturing the friction material. This study concerns the practical ways of conceptualizing the formulation and optimizing the manufacturing process. This study focused on the development of formulation for non-asbestos friction material as well as deriving the physical properties of the trial product to prove its validity and applicability. Elaboration of the formula and optimizing scheme of the manufacturing process to get better quality are also sought. Physical properties were obtained by constant velocity test dynamotest, hardness test and strength test. Differential scanning calorimeter was also used to analyze the thermal reactions of organic constituents, microstructures, bond effects, and degree of mixture.

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