• Asian Journal of Innovation and Policy
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• 제5권1호
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• pp.55-77
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• 2016

This paper focuses on how an integrated or systemic approach is needed to both investigate and connect different kinds of interdisciplinary inquiry and knowledge within and beyond universities to encourage more productive collaboration with the other three ‘macro stakeholders’ - government, business, and the wider community. In this way universities can and should provide a greater leadership role in sustainability, innovation and policy studies. Such a framework is needed to also help to change the view of many that academics should just play a supporting role of providing specialised technical expertise only to the other macro stakeholders. The interdisciplinary and collaborative framework developed here is applied to the on-going water crisis in Malaysia - an exemplary complex problem-solving basis for seeking sustainable policy solutions to diverse challenges. As further discussed, this was applied also in practice to a multi-stakeholder seminar on addressing the difficult policy challenges of the Malaysian water industry and sector.

• Communications for Statistical Applications and Methods
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• 제27권5호
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• pp.579-588
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• 2020

Obligor defaults are cross-sectionally correlated as obligors share common economic conditions; in addition obligors are longitudinally correlated so that an economic shock like the IMF crisis in 1998 lasts for a period of time. A longitudinal correlation should be used to construct statistical scenarios of stress test with which we replace a type of artificial scenario that the banks have used. We propose a Bayesian model to accommodate such correlation structures. Using 402 obligors to a domestic bank in Korea, our model with a dynamic correlation is compared to a Bayesian model with a stationary longitudinal correlation and the classical logistic regression model. Our model generates statistical financial statement under a stress situation on individual obligor basis so that the genearted financial statement produces a similar distribution of credit grades to when the IMF crisis occurred and complies with Basel IV (Basel Committee on Banking Supervision, 2017) requirement that the credit grades under a stress situation are not sensitive to the business cycle.

• 한국실내디자인학회논문집
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• 제37호
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• pp.103-109
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• 2003

The purpose of this study is to present the advanced plans to get the activation of the domestic furniture manufacture, considering the conditions of the furniture market and business environments before and after IMF Economic Crisis. These are necessary to get over some problems which result in reduction of demand, consumption, and investment under the recession. The furniture manufacture should take the occasion as a pertinent opportunity to strengthen the competitive edge and step up the exploration of the international markets. It is reasonable to conclude that the advanced plans should be designed, implemented, and expanded through the inducement of the government, manufacturers, and foreign investors.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.39-50
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• 2021

We investigate competition and its impact on borrowers' indebtedness (BI) in South Asian microfinance. Our empirical investigations are based on a comprehensive panel dataset of 355 MFIs located in seven countries in South Asia. The empirical results revealed that microfinance in South Asia is imperfectly competitive and the existing industry shows a monopolistic competition during the period under consideration. Also, the competition increased after the global financial crisis (GFC) in 2007-08 which implies that microfinance uses hostile lending behavior through the adverse selection that is highly risky and it can induce repayment crisis. The empirical findings also show that increased competition has significant negative effects on borrowers' indebtedness, particularly in large-scale and regulated microfinance organizations (MFIs). Instead of using equity financing, debt financing could be a better option. Finally, we find that while competition seems to have some positive effects in economic discourse by channeling technological improvements in products and services, its negative effects in microfinance outweigh the benefits over costs, particularly in poverty-stricken nations. The findings are helpful for the policymakers, microfinance industry, investors, borrowers, and Central Bank of South Asian markets.

• 국제학술발표논문집
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• The 3th International Conference on Construction Engineering and Project Management
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• pp.1015-1022
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• 2009

Currently, Korean real estate market has experienced cooling down of the business because of the global economic crisis which resulted from the subprime mortgage lending practice. In response, the Korean government has enforced various policies at the base of deregulating real estate speculation, such as increasing Loan to value ratio (LTV) in order to stimulate housing demand and supply. However, these policies seemed to result in deep confusion in the Korean housing market. Furthermore, analysis for housing market forecasting, especially international financial crisis on Korean real estate market, has been partial and fragmentary, therefore comprehensive solution and systematical approach is required to analyze the real estate and real estate financial market including causal nexus between market determining factors. In an integrated point of view, applying the system dynamics modeling, the paper aims at proposing Korean Real Estate and Mortgage market dynamics models based on fundamental principles of housing market determined by supply and demand. We also find the impact of deregulation policies focusing on mortgage loan which is the main factors of policies.

• 산업경영시스템학회지
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• 제37권3호
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• pp.75-81
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• 2014

To establish a new creative economy, the worldwide efforts have been made to wriggle out the old economic paradigm after the financial crisis of 2008. When it comes to the limitation of the viability. the start up companies have a high risk of failure. Therefore business incubator (BI) should carry out the role to improve their viability. As for the maximization of the effect on the business incubating services as move in companies, it is important for BI to increase the level of business incubating services by the systemic and scientific measurement. This study showed that the quality of the BI center services was measured by Kano analysis and the previous research as follows. First, BI quality attribute by Timko's customer satisfaction came out into the attractive qualities on the 14 items that amount to the 70% of 20 business incubating services items. It is desirable to perform the strategy for the satisfaction. Secondly, basic business incubating services were interpreted as the one-dimensional quality like incubating spaces, parking facilities, security facilities, industry technology development funds, and incubating managers. Finally, training and educational service was recognized as indifferent quality. Futhermore, the improvement and the limitation of this study as well as the interpretation of analysis results are also provided.

• 토지주택연구
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• 제4권1호
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• pp.43-54
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• 2013

본 연구는 글로벌 금융위기 이후 침체양상을 지속하고 있는 수도권 주택시장과 관련하여, 금융위기 이후 주택가격 결정요인의 변화를 벡터오차수정(VAR)모형을 통해 분석하였다. 글로벌 금융위기가 발생한 2008년 3분기를 기준으로 이전과 현재까지로 거시경제변수와 주택가격변수간의 동태적 관계를 보기 위해 충격반응도와 분산분해 분석을 실시하였다. 분석결과를 정리하면 먼저 수도권 주택매매가격의 경우 금융위기 이후에 전세가격과 주택매매가격 자체의 변화에 의해 더 영향을 받는 것으로 나타난 반면, 금융위기 이전에 주택매매가격에 미치는 영향력이 큰 것으로 나타났던 종합주가지수와 국고채 수익률은 금융위기 이후 영향력이 사라진 것으로 나타났다. 한편, 수도권 주택전세가격의 경우 금융위기 이전과 이후 모든 기간에서 다른 변수들보다 주택매매가격과 주택전세가격 자체의 영향력이 크게 나타난 가운데, 금융위기 이전에는 종합주가지수와 생산자물가가 영향을 미치고 실질GDP는 별다른 영향을 주지 못했다면, 금융위기 이후에는 역으로 실질GDP의 영향력이 크게 나타났고 생산자물가와 종합주가지수는 별다른 영향을 미치지 못하는 것으로 분석되었다. 이와 같이 경제불안의 지속으로 인해 수도권 주택매매 및 전세가격은 실질GDP와 같은 실물경기에 더 크게 영향을 받게 된 것으로 판단된다. 따라서 최근의 주택가격의 하락은 유럽재정위기 등으로 인해 지속되고 있는 국내경제 불확실성을 감안할 때 회복세는 크게 제한될 것으로 보이며, 향후 주택경기를 활성화시키기 위해서는 금융 및 공급규제 완화 등의 대책보다는 경제활성화를 통한 구매력 제고에 집중할 필요가 있을 것이다.

• 한국산학기술학회논문지
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• 제12권4호
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• pp.1654-1662
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• 2011

본 연구의 목적은 $\"{O}$.Arslan et al.(2006)의 연구방법론을 적용하여 국내 기업의 현금보유(cash holdings)가 투자-현금흐름 민감도(investment-cash flow sensitivity)에 어떤 영향을 주는지를 분석하는 데 있다. 1981년부터 2009년까지 외환위기 이전과 이후 그리고 외환위기 기간으로 분류하여 각 기간별로 현금보유가 투자-현금흐름 민감도에 어떤 영향을 주는 지를 비교 분석하였다. 연구 결과는 다음과 같다. 첫째, 전체 기업을 재무적 제약(financial constraint) 에 대한 고려 없이 3개의 기간으로 분류해서 살펴본 결과 외환위기 기간을 제외한 외환위기 이전과 이후 기간에서는 현금보유가 많은 기업일수록 투자-현금흐름 민감도는 감소하였다. 둘째, 기업규모나 배당지급 기준에 의해 재무적 제약하에 있지 않은 기업으로 분류된 경우에는 현금보유가 많을수록 투자-현금흐름 민감도는 오히려 증가하는 것으로 나타났다. 이는 $\"{O}$.Arslan et al.(2006)의 연구와 일치하지 않는 결과인데 첫째, 기업규모나 배당지급 여부는 국내에서는 기업의 재무적 제약을 나타내는 기준으로 불완전하며 둘째, 본 연구에서 고려하지 못한 투자-현금흐름 민감도에 영향을 주는 다른 요인들이 존재할 수 있기 때문이다. 하지만 현금보유기준에 의해 재무적 제약하의 기업으로 분류된 경우에는 투자-현금흐름 민감도는 낮게 나타났다. 이는 $\"{O}$.Arslan et al.(2006)의 연구결과와 일치한다. 끝으로 전체 기간 동안 현금보유 결정요인은 다음과 같다. 현금흐름(cash flow)과 시장가/장부가비율(market to book ratio)은 증가할수록, 단기부채와 투자지출 그리고 기업규모는 감소할수록, 기업의 현금보유증가에 양(+)의 영향을 주는 것으로 나타났다.

• 한국산학기술학회논문지
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• 제17권4호
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• pp.454-463
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• 2016

본 연구는 중년남성의 갱년기 증상, 강인성, 중년 위기감에 대한 정도를 파악하고, 중년 위기감에 영향을 미치는 요인을 파악하여 중년 위기감의 극복을 위한 전략을 개발하는데 기초자료를 제공하기 위하여 수행되었다. 연구는 2013년 5월 25일부터 9월 10일까지 전남지역 중소기업에 재직 중인 근로자를 대상으로 실시하였다. 자료는 자기기입식 설문지로 수집되었으며 수집된 자료는 SPSS Win 18.0을 이용하여 분석하였다. 위계적 회귀분석 결과, 중년위기감에 영향을 미치는 요인으로 운동, 배우자 관계, 자녀관계가 25.1%의 설명력을 나타내었으며, 갱년기 증상을 추가 입력하였을 때 갱년기 증상이 설명력 21.1%을 더 보였으며, 운동여부, 교육상태, 배우자 관계, 자녀관계, 월수입, 갱년기 증상의 예측변수는 중년 위기감을 42.7% 설명하였다. 따라서 중년남성이 중년 위기를 잘 극복하기 위해서는 긍정적인 자기관리 및 친밀한 배우자 관계형성 등 본 연구 결과의 영향요인을 고려한 중년 위기감 극복을 위한 프로그램 제공이 필요할 것으로 사료된다.

• 한국직업건강간호학회지
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• 제8권2호
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• pp.176-192
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• 1999

The purpose of this study is to analysis change of industrial health and safety before and after economic crisis(1997~1998). The data were obtained through mail interview with health supervisor(occupational health nurses) during February, 1999. The final sample was consisted of 127 respondents, 97 are selected in this study. The major findings were as follows: First, the percent of industries whose empl safe supervisors, physicians and industry hygi decreased in number is 79.4%, 3.8%, 50.0 21.5% in each. Second, man receiving over 1.5 million won as an average wage of health supervisor is 27.5% in 1997, but it decreased to 25.3% in 1998. Man receiving under 100~150 million won is 48.4% in 1997, but this percent decreased to 36.3% in 1998 and 13.6% of health supervisor regularly were transformed to contingent worker in 1998. Third, especially, budgets for health and saf work place decreased to 13.8% in 1998 than 19. Fourth, industrial accident case, unre accident case, occupational disease decreased than 1997, but mortality from industrial a increased in 250%. Fifth, according to the health diagnosis report, number of case with evidence of disease increased in liver disease, tuberculosis and so on, and number of case with evidence of occupational disease increased in noise induced hearing loss, pneumoconiosis. organic solvent poisoning and so on. Sixth, this survey shows that health council, health education in duty of health supervisor was conducted passive in 1998 thin 1997, and percent of hold two or more positions is 47.6% in medical insurance, 10.7% in accountant's business 8.3 in secretory. 7.1% in telephone operator awl 22.6% in etc. Seventh, distress of health supervisor after economic crisis is 30.9% in employment instability, 19.8% in hold two or more positions and decrease of budgets. For subjugation of the trouble, the respond of active policy of government occupied most.