• The Journal of Asian Finance, Economics and Business
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• 제9권9호
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• pp.25-37
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• 2022

Investment decisions are one of the most fundamental issues in financial management. This study aims to determine the factors that affect investment decisions in the energy industry and to contribute to the companies in this industry to develop strategic policies. The System GMM analyzes were carried out using the data of companies registered on the stock exchange for the period 2000-2015. The findings showed that industrial competition and firm size were important factors influencing the investment decisions of firms in the energy industry. The findings indicated a nonlinear relationship between industrial competition and the rate of investment in the energy sector. Depending on the firm's size, the effect of industrial competitiveness on investment varies. Smaller businesses are more impacted by the level of competition than larger ones. The investment rate decreases depending on the increase in cash holding level and firm risk. When the subgroups in the energy industry are examined, it is determined that they reveal some differences in terms of financial structure. A higher investment rate results from a higher retained earnings ratio. The investment rate of firms falls as a company's risk level and sales revenue variability increase.

• 한국주거학회논문집
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• 제23권3호
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• pp.63-70
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• 2012

Nowadays, a 1-2 person household if increasing due to the aging population and the low birth rate. Thus, in August 2011, Seoul held the 'College Student's Idea Competition', which dealt with small but strong housing that has a very reasonable structure in spite of its small scale in order to improve the quality of small housing for a 1-2 person households. The study indicates the characteristic of this small housing in order to target competition entries from college students; 93- works have been processed. First, the properties of residents are investigated through the number of household members and the relations of the residents. To ensure various element techniques of the entries, the study analyzes data via a structured analysis. Along with structured element techniques according to each level, eight element techniques of the furniture level, housing unit level, main building, and district-level are derived. This study suggests various element techniques in response to the efficiency of area in households as well as housing unit levels. Plans of public spaces and community life housing are offered at the level of the main building and at the district-level. Through an analysis of competition, the critical point of small house planning in deliberation is not only about space and economic efficiency of physical unit, but the life of the residents.

• 한국멀티미디어학회논문지
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• 제24권4호
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• pp.593-600
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• 2021

In this paper, we present the FlappyBird Competition System (FCS) implementation, a competition-based automated assessment system used in an entry-level artificial intelligence (AI) course at a university. The proposed system provides an evaluation method suitable for AI courses while taking advantage of automated assessment methods. Students are to design a neural network structure, train the weights, and tune hyperparameters using the given reinforcement learning code to improve the overall performance of game AI. Students participate using the resulting trained model during the competition, and the system automatically calculates the final score based on the ranking. The user evaluation conducted after the semester ends shows that our competition-based automated assessment system promotes active participation and inspires students to be interested and motivated to learn AI. Using FCS, the instructor significantly reduces the amount of time required for assessment.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.649-656
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• 2021

This paper aims to examine the moderating role of bank competition on the effect of liquidity creation on bank capital. We measure bank competition using the Lerner index approach, liquidity creation using the Catfat approach, and bank capital using the capital to total asset ratio approach. This test also considers control variables from bank-specific factors such as Return on Assets, Loan to Deposit Ratio, and Non-Performance Loans as well as macroeconomic factors such as Gross Domestic Product, inflation, and Bank Indonesia interest rates. The sampling technique used was purposive sampling. The data sample obtained was 96 banks from a population of 114 banks in Indonesia which consistently operated during the period 2008-2018. Hypothesis testing uses panel data regression analysis techniques through the first model of the Hayes method. The results show that the negative effect of liquidity creation on bank capital depends on competition. We found that bank competition at any level (low, medium, high) negatively moderates (weakens) the effect of liquidity creation on bank capital in all banks. This finding is consistent with the view that banks may strengthen their capital in response to bank competition which may decrease the level of bank liquidity creation.

• 한국수학교육학회지시리즈D:수학교육연구
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• 제14권1호
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• pp.1-10
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• 2010

The paper focuses on a type of mathematics competence noted as synthetic. It is needed for success in multiple choice competition problems and it is crucial for the further development of advanced school students. The concept of synthetic competence includes a large fraction of mathematical competences, but also competences and skills related to informatics and linguistics. The general structure of a multiple choice competition is considered as the first level of assessment of the mathematics component of the synthetic competence. As the second level under consideration is the set of complex tasks in a competition test any of which is a bouquet of ideas. Our standpoint on the didactic specifics and goals of the two levels in perspective of the gifted education is briefly presented in the article and some examples are given.

• 한국항해항만학회지
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• 제30권9호
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• pp.749-754
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• 2006

The maritime logistics environment including seaborne trade, shipping and ports is changing rapidly and continuously. Large containerships, mega carriers and global terminal operators try to achieve economies of scale and economies of scope. As a result of the changing environment, the competition between ports to achieve competitiveness is intensive. Port competition among China, Japan and Korea is becoming fiercer, both directly and indirectly, resulting from the increased trade in northeast Asia. Port development projects within each country stimulate more intensive port competition. As a result, overcapacity, fierce price competition and overlapping hinterland problems will be caused in the future. Co-operation for survival is considered as a strategy in order to solve anticipated problems caused by port competition Busan port, for instance, could co-operate with China and Japan as well as with other ports in Korea Terminal operators' expansion through investments including joint-ventures will make connections between ports smoother. At the port authority level, continuous cooperative interchange between countries is indispensable.

• 한국정보시스템학회지:정보시스템연구
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• 제26권3호
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• pp.229-246
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• 2017

Purpose The purpose of this study is to examine the potential asymmetry in price competition between the geographically defined submarkets of the lodging industry, namely the traditional and alternative accommodation facilities. Design/methodology/approach The study utilizes a spatial econometric model to empirically test for the hypothesized asymmetry in price competition. Property-level panel data on hotels and alternative accommodation facilities collected from a major online travel agency (OTA: Agoda.com) was used for this purpose. Findings Result of the analysis shows significant intra-segment spatial price competition among the properties, that is, within hotels and within alternative accommodation submarkets, respectively. However, the inter-segment competition was found to be asymmetric as hypothesized. Room rates of hotels are influenced by prices of geographically close alternative accommodations, but the reverse does not hold. Implications for practitioners and suggestions for future research are discussed along with the findings of the study.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.751-762
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• 2021

This study aims to examine whether an increased disclosure has a positive impact on firm performance and whether the opposite impact of increased disclosure on firm performance can occur in certain conditions - high proprietary information and competition. The sample for this study consists of Indonesian firms listed on the Indonesia Stock Exchange (IDX). The data were selected based on purposive sampling and panel data spanned eleven years (2006-2016). A panel GLS regression using moderated regression analysis (MRA) was adopted. The results of this study reveal that an increased disclosure has a positive effect on firm performance, but an increased disclosure has a negative impact on firm performance when proprietary information is high, and vice versa. Also, if the disclosure is increased, the negative impact of proprietary information on firm performance will get exacerbated in conditions where the competition level is high. The findings of this study suggest that, since the positive effect of continuously-increased disclosure on firm performance leads to the reversal (negative) impact when certain conditions occur (high proprietary information and competition), the level of disclosure quality is most likely to tap an 'optimal' point. In this regard, however, a broader investigation of all firms across countries still needs to be conducted.

• 기술혁신학회지
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• 제1권3호
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• pp.285-298
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• 1998

Innovation with strategic interaction is to overcome the technological uncertainty and to create co-evolution through competition among individuals or organizations for the acceleration of innovation. The concept of innovation in the past was concentrated on cooperation rather than on competition for the efficient management of limited resources. However, in order to minimize the technological uncertainty, we need an innovation on the basis of competition between organizations. Competition stimulates technological adaptability. It is on the analogy of complex system. This is to satisfy consumers' needs, to transform the resources into a technology, and to apply for the development of new products and new technologies. If the emergence of a new technology threatens present technology and develops into a new level of technology through inter-relation, it becomes a mutually supporting technologies. When theses effects are simultaneously realized, it is possible for firm to have strategical innovation and to create a mutually evolutionary development. Furthermore, when the competition among more than two individuals or two organizations continues towards the same direction, the mutual competition and cooperation can be expected to create a synergy effect. The competitive environment should be composed of R&D, production, and consumers' choice. This will lead to interaction among organizations through strategic competition and cooperation. Intra-firm competition and Inter-firm competition are required to exist together.

• 한국산학기술학회논문지
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• 제20권5호
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• pp.163-169
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• 2019

본 연구는 산업 내 경쟁정도가 기업의 보유현금의 변화에 따른 초과수익률에 미치는 영향에 관해 검증하였다. 경쟁기업 간 위협은 기업의 성과가 좋지 않을 경우 경영자가 교체될 가능성을 높여 경영자가 최선의 노력을 다하여 경영을 하도록 규율하는 기능을 하고, 기업이 공시하는 정보의 양과 질을 향상시킨다. 즉 경쟁이 치열해질수록 대리인 문제가 감소하여 해당 기업의 보유현금의 증가에 대한 초과수익률은 증가할 것으로 예상된다. 반면 경쟁이 심한 산업에 속한 기업은 자세한 정보가 공시되면 경쟁 기업들이 해당 정보를 역이용하여 보다 유리한 위치에서 경쟁할 수 있기 때문에 정보비대칭이 오히려 증가한다는 의견도 존재한다. 이러한 경우 외부 이해관계자들은 기업의 상황을 정확히 파악하지 못하게 되어 경영자가 사적이익을 얻을 목적으로 기회주의적으로 현금을 운용하여도 이를 감독하거나 통제하지 못하게 된다. 이에 따라 시장경쟁이 심해질수록 보유현금의 증가에 대한 초과수익률은 감소할 것으로 예측된다. 분석 결과, 산업 내 경쟁정도가 증가할수록 보유현금의 증가에 대한 초과수익률은 높아지는 것으로 나타나 경쟁의 긍정적 효과를 지지하는 결과를 발견하였다. 본 연구는 시장경쟁이 효과적인 외부 기업지배구조로 작용하여 투자자들이 기업의 현금이 효율적으로 운용된다고 인식함에 따라 해당 기업의 보유현금의 증가에 대해 긍정적으로 평가한다는 실증적인 근거를 제시하였다는 측면에서 공헌점을 찾을 수 있다.