• 제목/요약/키워드: Equity Fund

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국민건강증진사업 10년의 성과 (Achievement of Health Promotion Program in Korea)

  • 이규식
    • 보건교육건강증진학회지
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    • 제23권1호
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    • pp.143-171
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    • 2006
  • There has been 10 years since the Health Promotion Act was legislated. The government began to establish a health promotion fund on the basis of Health Promotion Act in 1995, and to manage and operate the fund from 1998. It is evaluated that health promotion program have had various outcomes in many aspects. First, there has been growing awareness of the impotance of health promotion through the establishment of Health Plan 2010 and the effort to actualize the Plan. Second, the importance of securing health equity and identifying health determinants have been recognized during the planning process of Health Plan 2010. Third, the health promotion program have mainly focused on improving healthy life style of the population. As a result, desirable health behavior change of the population could be expected from the result of 2005 National Health and Nutrition Survey. Fourth, public health centers began to play a crucial role in implementing health promotion programs, and began to build infrastructure for health promotion programs. Fifth, management efficiency of private health related organizations have been improved. Finally, training for health promotion personnel and their participation in the program could be the foundation for the higher level of outcome achievement from the health promotion programs. Important challenges for future health promotion would be identification of the determinants and risk factors of health, formulating plan of regional health promotion programs, building infrastructure for health promotion, creation of specific action model by public health center, development of health promotion program for the elderly, conducting research for evidence concerning major factors reducing the need for health care through prevention disease activities, and establishment of evaluation and feed back system for health promotion programs.

국민건강증진기금사업 10년 성과 (Achievement of Health Promotion Fund and Projects in Korea)

  • 이규식
    • 한국보건교육건강증진학회:학술대회논문집
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    • 한국보건교육건강증진학회 2005년도 국민건강증진법 제정 10주년 국제학술대회
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    • pp.153-195
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    • 2005
  • There has been 10 years since The Health Promotion Act was legislated. The government began to establish a health promotion fund on the basis of Health Promotion Act in 1995, and to manage and operate the fund from 1998. It is evaluated that health promotion program have had various outcomes in many aspects. First, there has been growing awareness of the impotance of health promotion through the establishment of Health Plan 2010 and the effort to actualize the Plan. Second, the importance of securing health equity and identifying health determinants have been recognized during the planning process of Health Plan 2010. Third, the health promotion program have mainly focused on improving healthy life style of the population. As a result, desirable health behavior change of the population could be expected from the result of 2005 National Health and Nutrition Survey. Fourth, public health centers began to play a crucial role in implementing health promotion programs, and began to build infrastructure for health promotion programs. Fifth, the outcomes of health promotion programs by public health centers and private health organizations have been increasing. Finally, training for health promotion personnel and their participation in the program could be the foundation for the higher level of outcome achievement from the health promotion programs. Important challenges for future health promotion would be identification of the determinants and risk factors of health in Korea, establishment of local health promotion plan, building infrastructure for health promotion, creation of specific action model by public health center, development of diverse health promotion programs and health promotion program for the elderly, conducting research for evidence concerning major factors reducing the need for health care through prevention disease activities, and establishment of evaluation and feed back system for health promotion programs.

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지방 중소.벤처기업의 창업.성장을 위한 벤처캐피탈의 활용 (Utilization of Venture Capital for the Start-up and Growth of SMEs in the non-Capital regions of Korea)

  • 변필성
    • 한국경제지리학회지
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    • 제14권1호
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    • pp.86-98
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    • 2011
  • 벤처캐피탈은 자금조달의 제약을 받지만 성장잠재력이 높은 중소 벤처기업을 발굴하며, 직접투자형태로 자금을 공급하고, 투자자금 회수시 최대 수익 실현을 위해 해당 기업의 가치가 극대화될 수 있도록 성장을 집중적으로 지원한다. 본고는 이러한 벤처캐피탈의 유망기업 발굴 자금공급(투자) 성장지원 기능을 성장잠재력 높은 지방 중소 벤처기업의 창업 성장과 그것을 통한 지역경제발전 추구에 지역별로 안정적으로 활용할 수 있는 방안을 모색하고자 하였다. 그러한 모색의 일환으로서 영국의 RVCF를 고찰하여 우리나라에 대한 정책적 시사점을 논의하였다. 또한 벤처캐피탈 기능과 지역경제발전을 개념적으로 고찰하였고, 벤처캐피탈 기능의 국내 지방기업 창업 성장 추구에의 활용도 살펴보았다.

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병원 재무비율 지표들 간의 구조적인 관계 분석 (An Analysis of Structural Relationships among Financial Indicators of Hospitals in Korea: Applying Structural Equation Modeling(SEM))

  • 정민수;이건형;최만규
    • 보건행정학회지
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    • 제18권2호
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    • pp.19-38
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    • 2008
  • Financial ratios are key indicators of an organization's financial and business conditions. Among various financial indicators, profitability, financial structure, financial activity and liquidity ratios are frequently used and analyzed. Using the structural equation modeling(SEM) technique, this study examines the structural causal relationships among key financial indicators. Data for this study are taken from complete financial statements from 142 hospitals that passed the standardization audit undertaken by the Korean Hospital Association from 1998 to 2001 for the purpose of accrediting teaching hospitals. In order to improve comparability, ratio values are standardized using the Blom's normal distribution. The final model of the SEM has four latent constructs: financial activity(total asset turnover, fixed asset turnover), liquidity(current ratio, quick ratio, collection period), financial structure(total debt to equity, long-term debt to equity, fixed assets to fund balance), and profitability(return on assets, normal profit to total assets, operating margin to gross revenue, normal profit to gross revenue). While examining several model fit indices(Chi-square (df) = 178.661 (40), likelihood ratio=4.467, RMR=.11, GFI=.849, RMSEA=.157), the final SEM we employed shows a relatively good fit. After examining the path coefficient of the constructs, the financial structure of the hospital affects the hospital's profitability in a statistically significant way. A hospital which utilizes its liabilities, more specifically fixed liabilities, and makes a stable investment decision for fixed assets was found to have a higher profitability than other hospitals. Then, the standard path coefficients were examined to directly compare the influence of variables. It was found that there were no statistically significant path coefficients among constructs. When it comes to variables, however, statistically significant relationships were found. between. financial activity and. fixed. asset turnover, and between profitability and normal profit to gross revenue. These results show that the observed variables of fixed asset turnover and normal profit to gross revenue can be used as indicators representing financial activity and profitability.

불완전 정보 하에서 추가적인 제약조건들이 포트폴리오 선정 모형의 성과에 미치는 영향 : 한국 주식시장의 그룹주 사례들을 중심으로 (Effects of Additional Constraints on Performance of Portfolio Selection Models with Incomplete Information : Case Study of Group Stocks in the Korean Stock Market)

  • 박경찬;정종빈;김성문
    • 경영과학
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    • 제32권1호
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    • pp.15-33
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    • 2015
  • Under complete information, introducing additional constraints to a portfolio will have a negative impact on performance. However, real-life investments inevitably involve use of error-prone estimations, such as expected stock returns. In addition to the reality of incomplete data, investments of most Korean domestic equity funds are regulated externally by the government, as well as internally, resulting in limited maximum investment allocation to single stocks and risk free assets. This paper presents an investment framework, which takes such real-life situations into account, based on a newly developed portfolio selection model considering realistic constraints under incomplete information. Additionally, we examined the effects of additional constraints on portfolio's performance under incomplete information, taking the well-known Samsung and SK group stocks as performance benchmarks during the period beginning from the launch of each commercial fund, 2005 and 2007 respectively, up to 2013. The empirical study shows that an investment model, built under incomplete information with additional constraints, outperformed a model built without any constraints, and benchmarks, in terms of rate of return, standard deviation of returns, and Sharpe ratio.

보건의료체계의 거버넌스 개혁 (Reform of Health System Governance in South Korea)

  • 최병호
    • 보건행정학회지
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    • 제28권3호
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    • pp.226-232
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    • 2018
  • The objectives of this study were to evaluate the current state of governance structure and management of the health system to achieve the goals of the health system in South Korea, and to propose reform plan. This study drew implications from the governance of United Kingdom, Germany, and Netherlands, based on the principle of health system proposed by World Health Organization. The presidency and the health ministry should make macroscopic decision-making. The government has to decentralize the enforcement by municipality to operate public health and national health insurance (NHI), and to distribute the centralized NHI fund by municipality. The front line health centers and community centers should provide integrated health and social services. The government has to establish diversified regulatory bodies to enhance both the patient-centered care and the efficiency and equity of health care, and to provide mechanisms for ensuring autonomy of providers. The governance of the health system should be composed of the centralization of macro decision-making, the decentralization of implementation by municipality, the integration of health and social services on the front line, and the well-balanced regulation and autonomy on both consumers and suppliers.

Analysis of the Capability of Korean Construction Companies for International Investment Development Business

  • Jang, Hyoun-Seung;Kim, Hwa-Rang
    • 한국건축시공학회지
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    • 제13권2호
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    • pp.112-121
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    • 2013
  • Korean overseas construction has been on the rise, and exceeded the 2011 goal of $50 billion by securing $59.1 billion in orders. However, these orders were heavily concentrated in the Middle East (50%) and plant construction contracts (75%). This study suggests that, to maintain growth in foreign markets, Korea construction companies should enter into the high value-added investment development business and aggressively seek ways to diversify their regions of activity and construction types. To secure the entry of Korean construction companies into lucrative markets and better understand the competitive factors facing Korean construction concerns, a survey of the literature and focus group discussions targeting relevant experts were carried out. From those efforts, a list of 44 competitive factors crucial to entering and competing in the international investment development business was developed. Survey responses were analyzed by applying IPA. The results revealed that while Korean concerns compete well in engineering/technical capabilities, maintaining a cooperative relationship with contractors, and warranty/after sales service capabilities, their ability to obtain business information on the target country, to form private/public cooperative systems, and to build international human networks require immediate improvement.

An Analysis on Planners and Project Objectives of Kakao Storyfunding

  • Yoon, Haing Seok;Kim, Kyoung Soo
    • 통합자연과학논문집
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    • 제11권4호
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    • pp.212-225
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    • 2018
  • This study is based on the purpose of organizing and planning a fundraising for Daum Kakao's 'storyfunding' during the recent crowdfunding that uses mobile-based Internet platforms to raise funds. Analysis by project subjects shows that one planner is more efficient if the ability of one planner, such as 'publishing', is important. However, there were many group A types of contents that require variety of expertise such as 'campaign' and 'journalism' after funding is completed. As a result of analysis by planning purposes, there were the most funds available to produce contents. This is a sign that there are many projects that match the basic purpose of story funding. There are also many other purposes for the purpose of raising public opinion for the project or the establishment of monuments, or for the support of people, animals, or animal rights groups. And there is a private equity fund to sell or promote products. Such quantitative research and analysis will accurately determine the current situation of crowdfunding and will provide basic data such as efficient human composition and goals setting to achieve the goals of crowdfunding in the future.

Supremacy of Realized Variance MIDAS Regression in Volatility Forecasting of Mutual Funds: Empirical Evidence From Malaysia

  • WAN, Cheong Kin;CHOO, Wei Chong;HO, Jen Sim;ZHANG, Yuruixian
    • The Journal of Asian Finance, Economics and Business
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    • 제9권7호
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    • pp.1-15
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    • 2022
  • Combining the strength of both Mixed Data Sampling (MIDAS) Regression and realized variance measures, this paper seeks to investigate two objectives: (1) evaluate the post-sample performance of the proposed weekly Realized Variance-MIDAS (RVar-MIDAS) in one-week ahead volatility forecasting against the established Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model and the less explored but robust STES (Smooth Transition Exponential Smoothing) methods. (2) comparing forecast error performance between realized variance and squared residuals measures as a proxy for actual volatility. Data of seven private equity mutual fund indices (generated from 57 individual funds) from two different time periods (with and without financial crisis) are applied to 21 models. Robustness of the post-sample volatility forecasting of all models is validated by the Model Confidence Set (MCS) Procedures and revealed: (1) The weekly RVar-MIDAS model emerged as the best model, outperformed the robust DAILY-STES methods, and the weekly DAILY-GARCH models, particularly during a volatile period. (2) models with realized variance measured in estimation and as a proxy for actual volatility outperformed those using squared residual. This study contributes an empirical approach to one-week ahead volatility forecasting of mutual funds return, which is less explored in past literature on financial volatility forecasting compared to stocks volatility.

농업 R&D투자의 형평성 분석: 농가단위 효율성에 미치는 영향의 소득계층별 차이를 중심으로 (The Heterogeneous Impacts of Agricultural R&D on Farm Efficiencies by Farm Income levels)

  • 김재경
    • 기술혁신연구
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    • 제21권1호
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    • pp.27-57
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    • 2013
  • 공공의 영역에서 공공의 이익과 관련된 정책이나 사안에 대한 사회적 차원의 접근에 있어서'효율성'과 함께'형평성'은 반드시 고려해야 할 양대 축이라 할 수 있을 것이다. 이러한 맥락에서 본 연구는 공공 R&D 투자사업 중 하나인 농업 R&D 투자에 대한 형평성 측면에서의 평가의 일환으로서, 과연 농업 R&D 투자로 인해 창출된 혜택이 농가의 소득계층 별로 균등하게 분배되고 있는지, 특히 농가의 경영 효율성에 고르게 영향을 미치고 있는 지를 확인하기 위한 분석을 시도하였다. 분석결과 표면적으로는 공공재원이 투자된 농업 R&D의 혜택은 비교적 고르게 배분되고 있으며, 그 중에서도 하위 30~40%가 상대적으로 많은 편익을 누리고 있는 것으로 나타났다. 그러나 농가마다 이질적인 지식 흡수 활용능력을 통제하였을 경우, 그 혜택이 상대적으로 저소득층 농가에 비해 고소득층 농가에 집중되는 경향이 발견되었다. 이는 형평성 차원에서 농업 R&D투자는 매우 역진(逆進)적인'보조금'으로서 기능을 하고 있음을 의미하게 된다. 그러나 이러한 농업 R&D 투자의 역진성은 농가들이 지닌 기술적'필요(needs)'의 이질성에 기인한 것일 수도 있음을 확인할 수 있었는데, 전통적인 관행농업 중심의 저소득층 농가들에 비해 지식영농을 지향하는 고소득층 농가들이 농업 R&D의 결과에 대한 수요가 높아 자연스럽게 혜택도 역시 집중된 것으로 보인다.

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