• Title/Summary/Keyword: Effect Analysis of Risk Factors

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The Foreign Asset Leverage Effect of Oil & Gas Companies after the Financial Crisis (금융위기 이후 정유산업의 외화자산 레버리지효과 분석)

  • Dong-Gyun Kim
    • Korea Trade Review
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    • v.46 no.2
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    • pp.19-38
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    • 2021
  • This study aims to analyze the foreign asset leverage effect on Korean oil & gas companies' foreign profits and to maintain the appropriate foreign asset volume for reducing exchange risk. For a long time, large Korean companies, including oil companies, overheld foreign currency liabilities. For this reason, most large companies have been burdened to hedge exchange risk and this excess limit holding deteriorated total profit and reduced foreign currency asset management efficiency. Our paper proceeds in presenting a three-stage analysis considering diversified exchange risk factors through estimation on transformation of foreign transactions a/c including annual trends of foreign asset and industry specifics. We also supplement incomplete the estimation method through a practical hedging case investigation. Our research parts are differentiated on the analyzing four periods considering period-specifics The FER value of the oil firms ranged from -0.3 to +2.3 over the entire period. The results of the FER Value are volatile and irregular; those results do not represent the industry standard comparative index. The Korean oil firms are over the credit limit without accurate prediction and finance high interest rate funds from foreign-owned banks on the basis on a biased relationship. Since the IMF crisis, liabilities of global firms have decreased. Above all, oil firms need to finance a minimum limit without opportunity losses on the demand forecast and prepare for uncertainty in the market. To reduce exchange risk from the over-the-limit position, we must consider factors that affect the corporate exchange risk on the entire business process, including the contract phase.

The Effect of Subjective Overwork on Health: Moderate Effect of Risk Perception (주관적 과잉근로가 건강에 미치는 영향: 위험지각의 조절효과)

  • Lim, Sung Jun;Yoon, Da Young;Moon, Kwang Soo;Oah, She Zeen
    • Journal of the Korean Society of Safety
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    • v.32 no.6
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    • pp.116-124
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    • 2017
  • The purpose of this study is to examine the effect of subjective overwork on health and the moderating effect of risk perception in the relationship between subjective overwork and health. The data used in this study are the fourth Korean Working Condition Survey (KWCS) conducted by Korea Occupational Safety and Health Agency (KOSHA) in 2014. The items related to actual working hours, subjective overwork, health, and risk perception were used. A total of 18,508 workers who are 1) waged workers, 2) work more than three days a week, 3) work more than 21 hours a week, 4) work longer than preferred work hours or work as longer as they desired were selected. Hierarchical regression analysis was performed to identify the effect of actual work hours, subjective overwork, prevalence of risk, lethalness of accident damage on health and to determine the moderating effects of prevalence of risk and lethalness of accident damage. As a result, actual work hours, subjective overwork, prevalence of risk, lethalness of accident damage had an effect on worker's health problems. Second, lethalness of accident damage had a moderating effect in the relationship between subjective overwork and health. These results suggest that organizations should manage worker's environmental factors and other threats that could increase the lethalness of accident damage.

The Effect of Composition and Security Activities for Information Security Architecture on Information Asset Protection and Organizational Performance (정보보호 아키텍처 구성과 보안활동이 정보자산보호 및 조직성과에 미치는 영향)

  • Jeong, Gu-Heon;Yi, Dong-Wook;Jeong, Seung-Ryul
    • The KIPS Transactions:PartD
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    • v.17D no.3
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    • pp.223-232
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    • 2010
  • This study was carried out for the purpose of inquiring into the effect of composition and security activities for information security architecture on information asset protection and organizational performance in terms of general information security. This study made a survey on 300 workers in the government, public institutions and private companies, which it showed that management factors of risk identification and risk analysis, in general, have an usefulness to composition and security activities for information security architecture to prevent inside information leakage. And the understanding and training factors of IT architecture and its component were rejected, requiring the limited composition and security activities for information security architecture. In other words, from the reality, which most institutions and organizations are introducing and operating the information security architecture, and restrictively carrying out the training in this, the training for a new understanding of architecture and its component as an independent variable made so much importance, or it did not greatly contribute to the control or management activities for information security as the generalized process, but strict security activities through the generalization of risk identification and risk analysis management had a so much big effect on the significant organizational performance.

Evaluation of Best Value for Safety Facilities on Highway Using Risk-based VE Approach - A Case Study of Median Barrier - (위험도기반 가치공학적 기법을 적용한 고속도로 교통안전시설 최고가치평가 : 중앙분리대 적용사레를 중심으로)

  • Ji, Dong-Han;O, Young-Tae;Choi, Hyun-Ho;Kim, Sung-Hun
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.1
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    • pp.143-154
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    • 2008
  • Since the concerns for safety of highway traffic safety facilities inherent in various environmental risk is increased, systematic performance, cost, and effect analysis process is needed for this. In case of median barrier among various traffic safety facilities, quantitative risk assessment is inevitable because it has lots of direct/indirect risk factors. Thus, this study suggests an advanced VE(Value Engineering) approach incorporating quantitative risk analysis. For the applicability, suggested VE approach considering alternative 1(140cm) and 2(127cm) is applied to median barrier in fields. Also, major improvement objects are extracted from governing factors of cost and performance based on functional analysis. It is concluded that the proposed risk assessment methodology will provide rational and practical solutions for best value and the approach could effectively applied for various traffic safety facilities by slight modification of suggest process.

Application of risk analysis and assessment considering tunnel stability and environmental effects in tunnel design (터널 안정성 및 환경성을 고려한 위험도 평가기법의 적용)

  • Kim, Young-Geun;Kim, Do-Hyung
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.10 no.1
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    • pp.1-15
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    • 2008
  • Recently, because of the various factors by uncertainty of underground, the risks in tunnelling have been occurred increasingly. Therefore, it is very important to estimate and control the risks considering geotechnical conditions for tunnel stability and environmental problems by tunnel construction. In this study, the risk analysis for tunnel stability was carried out by classifying the risk factors such as ground support capacity, ground settlement, the inflow of groundwater into the tunnel and the damage by the earthquake. Also, the risk assessment for the environmental problems was performed by calculating the vibration and noise by blasting and the drawdown of the groundwater level caused by tunnel construction. Each risk factor was evaluated quantitatively based on the probabilistic and statistic technique, then it was analyzed the distribution characteristic along overall tunnel site. Finally, it was evaluated that how much each risk factor influences on the construction cost with a period for tunnel construction, so it is possible to perform reasonable tunnel design which was capable of minimizing the risks in the tunnel construction.

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A longitudinal study of the stress factors of parents between psychological maladjustment and the risk of school interruption in multicultural adolescents: The Application of Autoregressive Cross-lagged Model (부모의 스트레스와 다문화청소년의 심리적 부적응, 학업중단위험 간 종단적 인과관계: 자기회귀교차지연모형 적용)

  • Lee, Hyoung-Ha
    • Journal of Digital Convergence
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    • v.19 no.6
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    • pp.373-385
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    • 2021
  • In this study, the Korea Youth Policy Institute applied a self-registering model to verify the patterns of parental stress, multicultural youth psychological maladjustment, and interdependence between three factors by using five-point-time data tracked from middle school to high school. According to the analysis, First, Parent' stress at the time of the five surveys had a significant positive effect on the psychological maladjustment and the risk of academic interruption of multicultural adolescents at that point. Second, the psychological maladaptation of multicultural adolescents at the time of the previous five surveys had a significant positive effect on the risk of academic interruption at that point. Based on these analysis results, various support measures were proposed to cope with the stress of multicultural youth parents, and policy alternatives were proposed to prevent the risk of academic interruption by reducing the psychological maladjustment of multicultural youth.

The Effect of Managerial Ownership on Stock Price Crash Risk in Distribution and Service Industries

  • RYU, Haeyoung;CHAE, Soo-Joon
    • Journal of Distribution Science
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    • v.19 no.1
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    • pp.27-35
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    • 2021
  • Purpose: This study is to investigate the effect of managerial ownership level in distribution and service companies on the stock price crash. The managerial ownership level affects the firm's information disclosure policy. If managers conceal or withholds business-related unfavorable factors over a long period, the firm's stock price is likely to plummet. In a similar vein, management's equity affects information opacity, and information asymmetry affects stock price collapse. Research design, data, and methodology: A regression analysis is conducted using the data on companies listed on the Korea Composite Stock Price Index (KOSPI) between 2012-2017 to examine the effect of the managerial ownership level on stock price crash risks. Results: Logistic and regression results indicate that the stock price crash risk was reduced as managerial ownership levels are increased. The managerial ownership level has a significant negative coefficient on stock price crash risk, negative conditional return skewness of firm-specific weekly return distribution, and asymmetric volatility between positive and negative price-to-earnings ratios. Conclusions: As the ownership and management align, the likeliness of withholding business-related information is reduced. This study's results imply that the stock price crash risk reduces as the managerial ownership level increases because shareholder and manager interests coincide, thereby reducing information asymmetry.

The Effect of Need on Aesthetic Surgery Attitude and Clothing Attitude of Adolescents (청소년의 욕구가 성형 및 의복태도에 미치는 영향)

  • Jeon, Kyoung-Ran;Lee, Eun-Hee
    • Korean Journal of Human Ecology
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    • v.14 no.1
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    • pp.119-132
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    • 2005
  • The purpose of this study was to investigate the effect of adolescents' need on their attitudes to aesthetic surgery and clothing. Subjects were 627 middle and high school students. In this statistical analysis, SPSS 10.0 for Windows Program was used to calculate percentage, mean, and standard deviation. Also, these data were verified by Factor analysis, t-test, One-way Anova, Duncan' multiple range, Pearson's correlation coefficient, and Multiple Regression Analysis. The results of this research were as follows: Adolescents with higher need for achievement showed negative attitudes toward the secret and risk of aesthetic surgery. On the other hand, those with higher need for dominance and exhibition were in favor of the surgery and willing to have it despite its high cost and risk. Individuality of clothing was directly affected by need for achievement and dominance. Adolescents with higher need for achievement and dominance considered individuality as one of the most important factors. And sexual attractiveness of clothing had a positive correlation with both need for dominance and exhibition. Such a fact leaded that adolescents with higher need for dominance and exhibition considered sexual attractiveness as one of the most important factors, along with individuality. As a conclusion, adolescents' need play an important role in explaining the recently observed trends among adolescents in aesthetic surgery attitude and clothing attitude.

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The Effect of Online Word-of-mouth on Fashion Involvement and Internet Purchase Behavior (온라인 패션 구전에 따른 패션제품 관여와 인터넷 구매행동)

  • Song, So-Jin;Hwang, Jin-Sook
    • Journal of the Korean Society of Clothing and Textiles
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    • v.31 no.3 s.162
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    • pp.410-419
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    • 2007
  • The purposes of this study were to segment consumers by on-line word of month and to find the differences among the segmented groups in regard to fashion involvement, internet perceived risk, and internet purchase behavior. The subjects of this study were female consumers who were members of online cafe in Korea. The data were collected during October, 2004. The respondents returned the questionnaires through internet and 480 questionnaires were finally used in the data analysis. The statistical analyses used for the study were factor analysis, cluster analysis, t-test, and $X^2-test$. The results showed that word-of·mouth communication on internet(e-WOM) is composed of two factors, word-of-mouth transmission and word-of-mouth acceptance. These two factors were put under cluster analysis and were classified into two groups of the word-of·mouth communication: WOM group and non-WOM group. T-test showed that word-of-mouth communication groups were significantly different in regard to fashion involvement, internet perceived risk, and internet purchase behavior. For example, WOM group was more uncertain of their clothing choices, put more weight on the internal factors of clothing selection, and was a frequent purchaser of internet fashion products. Internet fashion business needs to implement the proper marketing strategies based on the results of the study.

Low Social Support and Risk for Depression in People With Type 2 Diabetes Mellitus: A Systematic Review and Meta-analysis

  • Azmiardi, Akhmad;Murti, Bhisma;Febrinasari, Ratih Puspita;Tamtomo, Didik Gunawan
    • Journal of Preventive Medicine and Public Health
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    • v.55 no.1
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    • pp.37-48
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    • 2022
  • Objectives: Depression is a frequent complication of type 2 diabetes mellitus. This study aimed to investigate the relationship between low social support and risk for depression in people with type 2 diabetes through a meta-analysis. Methods: PubMed, ProQuest, SpringerLink, ScienceDirect, Scopus, the Cochrane Library, Embase, and Google Scholar were searched for English-language articles published up to 2021. Pooled adjusted odds ratios (aORs) were calculated using a random-effect model with 95% confidence intervals (CIs). Heterogeneity was evaluated by using the Cochrane Q test and I2 statistics. The risk of publication bias was estimated using a funnel plot, the Egger test, and the Begg test. The Joanna Briggs Institute Critical Appraisal Tools were used to assess the quality of evidence and the risk of bias. Results: Eleven studies were included in this meta-analysis, containing a total of 3151 people with type 2 diabetes mellitus. The pooled analysis showed that people with type 2 diabetes mellitus who had low social support had twice as high a risk of depression as those with high social support (aOR, 2.02; 95% CI, 1.51 to 2.70; p<0.001). A random-effect model was used because the heterogeneity was high (I2 = 87%). Conclusions: Low social support was found to increase the risk of depression among people with type 2 diabetes mellitus. Further investigation into factors that may moderate this relationship is required.