• Title/Summary/Keyword: Finance industry

Search Result 765, Processing Time 0.032 seconds

An empirical study on the core factors of implementing 6-sigma in Korea Financial Industry (한국 금융산업에서의 6시그마시행의 성공요인에 관한 실증연구)

  • Kim, Young-Dai
    • Proceedings of the Korean Operations and Management Science Society Conference
    • /
    • 2006.11a
    • /
    • pp.539-544
    • /
    • 2006
  • This study has been attempted to find that factors for successful six-sigma implementation influence non-financial performance & financial performance in korean finance industry. In addition, goal of this study is to find out core factor in korean finance industry. To achieve the aim of this study, a document study and interview and an empirical analysis were performed. The collected questionnaires for the empirical analysis were processed statistically through data cording. Cronbach'a was conducted to get the construct reliability. To identify which factors for successful six-sigma implementation influence performances of six-sigma implementation, factor analysis was conducted to get the construct validity. After factor analysis, multiple regressions were utilized to identify the core factors (or factors for successful six-sigma implementation). The result of the study that has been derived through this process is summarized below. Firstly, by analyzing the effect factors for successful six-sigma implementation has on non-financial performance of finance industry, it shows that Process-integration & standardization variable has influenced. Secondly, by analyzing the effect factors for successful six-sigma implementation has on financial performance of finance industry, it shows that 'Process-integration & standardization' variables and 'Customer & Market mind' variables have influenced. The results of this study show that 'Process-integration & standardization' and 'Customer & Market mind' are core factors to influence non-financial performance & financial performance in korean finance industry

  • PDF

Economy Effects of IT Industry on Financial and Insurance Services (IT산업이 금융서비스에 미치는 경제적 효과)

  • Choi, Sung Wook;Shin, Yong Jae
    • Journal of Digital Convergence
    • /
    • v.13 no.1
    • /
    • pp.191-203
    • /
    • 2015
  • IT is based industry on finance and insurance services and is essential equipment of survival for competitive on market. The importance of IT industry on finance and insurance is bigger than other industries. So, This study examinate effects of hardware and software divided by IT industry on each 6 finance and insurances. Research models are production inducing effects of Demand-Driven model, Shortage effects of Supply-Driven model finally, Leontief's price model by using data for analysis is Input-Output table for 2000~2009. Results are that IT Service effects are more impact than IT hardware effects on Finance and Insurance Service. Especially, IT service's supply shortage effects is 0.0847KWR to produce 1KRW of finance and insurance service for 2-fold increase compared to 2000. In addition, Central Bank and banking institutions of finance and insurance services are the greatest impact from IT industry. These are which is increasing to interdependence between IT industry and finance and insurance service.

Study on the WTO Disputes over the Korean Shipbuilding Industry in Relation to Export Credit (수출신용과 관련하여 우리나라 조선산업에 대한 WTO 무역분쟁 연구)

  • Lee, Koung-Rae
    • Korea Trade Review
    • /
    • v.44 no.1
    • /
    • pp.129-142
    • /
    • 2019
  • This paper draws implications on the ship finance of the Korean ECAs for shipbuilding industry from the perspective of WTO ASCM through studying the trade disputes on export credits. In consideration of the underwriting practice on the case-by-case basis, the ECAs' law regimes and their ship finance programs as such would be judged not conferring a benefit. The ship finance of international commercial banks could be treated as a market benchmark for the purpose of determining the existence of benefit in the ECA ship finance. The ECAs share securities with international commercial banks for the same exposure to the risks in a syndicate. Therefore, WTO DSB would rule that the ECA ship finance confers no benefit for individual transactions. The items (j) and (k-1) of ASCM Annex I are not allowed to interpret a contrario.

Rising of Islamic Economy in Malaysia: Focus on Finance and Consumption (말레이시아 이슬람 경제의 대두: 금융과 소비 영역을 중심으로)

  • Lee, Sunho
    • The Southeast Asian review
    • /
    • v.24 no.1
    • /
    • pp.89-132
    • /
    • 2014
  • This study examined Islamic economy of Malaysia. In this process, Islamic economy was classified two fields such as finance and consumption. In finance, this study focuses on development of Islamic banking, Islamic insurance(Takaful) and Islamic capital market and institutional support of Malaysia. In consumption, this study focuses on halal industry and halal certification system of Malaysia. As a result, two fields of Islamic economy in Malaysia are growing up more systematic and extensive than before. Because interest in Islam finance and style is increasing and government of Malaysia has been giving support to these fields. That is, Malaysia is aimed at global hub of Islamic finance and giving various supports to financial field. Indeed, Malaysia is making effort to internationalization and development of halal industry. From these active supports of Malaysia, Islamic economics of Malaysia will be developed and Malaysia will be a leader of Islamic economy in the world.

A Comparison Analysis on the Ship Finance Competitiveness of Korea, China, Japan and Europe (국내외 주요국 선박금융 경쟁력 비교분석 - 한국, 중국, 일본, 유럽을 중심으로 -)

  • Jae-Woong Yoon;Hyoung-Jin Chun
    • Korea Trade Review
    • /
    • v.45 no.3
    • /
    • pp.167-185
    • /
    • 2020
  • The purpose of this study was to measure the competitiveness of ship finance in Korea, Europe, China, and Japan and compare them with each other to derive implications for strengthening the competitiveness of Korea ship finance. in order to achieve this goal Moon Hui-chang (1998) double diamond model was utilized, and the business conditions, factor conditions, demand conditions, and related and supporting industry were defined and measured for ship finance. As a result, Korea is highly competitive in business and demands conditions due to the high competitiveness of the domestic shipbuilding industry, and Europe is superior to Korea in all aspects except for business conditions. Japan failed to innovate and weakened its competitiveness, while China showed high competitiveness in factors and related supporting industries conditions.

A study on the Fosterage Finance Cooperative System Considering the Characteristics of Fire Protection Industry (소방산업의 특성을 고려한 금융공제시스템 육성에 관한 연구)

  • Jung, Jung-Ki
    • Journal of the Korean Society of Hazard Mitigation
    • /
    • v.10 no.5
    • /
    • pp.97-108
    • /
    • 2010
  • Recent patterns of diversification of a disaster, depending on the size of the larger trend, quick and efficient response to disaster prevention, to increase the importance and role of advanced equipment and technology of fire protection industry is becoming more, over market size 11 trillion won and 10 million workers in industries of national importance, but to exceed, As most SMEs compared to other industries are backwardness. Therefore, in this study closely the characteristics of the fire protection industry analysis, the systematization of theoretical models of the finance cooperative system considering the characteristics of fire protection industry and provider the fosterage, they will contribute to independent economic activity and industrial development for operators to use the finance cooperative system of fire protection industry.

Marine Finance and Port Logistics Industry's Development Schemes as a Creative-type Service Industry (해양금융과 항만물류산업의 발전방안 연구 -창조형 서비스산업을 근간으로-)

  • Gim, Jin-goo;Oh, Hak-Gyun;Lee, Jin-Joo
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2014.06a
    • /
    • pp.183-185
    • /
    • 2014
  • The purpose of this paper aims at contributing to the national economic development through global competitiveness enhancement by marine finance's hub and marine logistics cluster by finance specialization and finance support as a creative-type service industry in global shipping port logistics. This study adopted the integrated approach and applied it to policy implementation to achieve the effectiveness. Creative-type marine finance development stages as a tool of policy implementation and the guide line for the time of policy implementation are followed by Stage 1(Construction & Growth Policy) for 2013~2016, Stage 2(Forstering & Activation Policy) for 2017~2019) and Stage 3(Continuous Development Policy) after 2020 until its completion. Korea has the inferiority over the competitiveness in global marine finance and needs a strategic approach to secure the liquidity of marine finance; interim, Islamic finance has been come to the force as a new alternative in financial transaction being accompanied by a spot transaction since the crisis of global finance. In order to create a potential slack of Korea in marine finance practice, in addition, this study suggests a consortium with the circle of Islamic finance as a clue of an easier policy implementation at the beginning stage.

  • PDF

A Critique on Project Management View from Project Finance Perspective on the Critical Success Factors of PPP

  • Kim, Jung-Ju;Chae, Myungsin
    • Asia-Pacific Journal of Business
    • /
    • v.11 no.3
    • /
    • pp.21-46
    • /
    • 2020
  • Purpose - This study aims to find if the introduction of project finance perspective leads to any modification to the view of PM industry on CSFs of PPP and their relative importance rank. Design/methodology/approach - Through literature reviews, this study came up with a set of CSFs reflective of both perspectives. AHP method was applied for analysis by developing an Analytic Hierarchical Model from this set and survey questionnaires of pairwise comparison to solicit 46 qualified expert responses. Findings - This study concurs with PM industry to acknowledge 'risk allocation', 'legal framework' and 'quality of feasibility' as ones of most important CSFs. However, relative importance rank of individual CSFs goes through significant modification under this study in favor of 'sponsor commitment and quality' but against 'political environment', in particular. Research implications or Originality - Discussions on the CSFs led by PM industry have not been properly reflective of project finance perspective, which is injected into this study to cure the partiality. For researchers, findings of this study may call attention to financing perspective when they discuss CSFs of PPP. Practitioners may benefit from this study by allocating resources in view of this new finding when pursuing PPP projects.

E-commerce Adoption in Distribution: An Empirical Study on Household Businesses in Food and Beverage Industry

  • NGUYEN, Xuan Truong;NGUYEN, Thai Ha;DANG, Huynh Phuong;PHAM, Thi Lan Phuong;BUI, Thi Thanh;TRAN, Nhat Minh;HUYNH, Tri An;NGUYEN, Nam Phong
    • Journal of Distribution Science
    • /
    • v.20 no.2
    • /
    • pp.65-77
    • /
    • 2022
  • Purpose: This study aims to identify factors affecting the adoption of e-commerce by household businesses in Vietnam's food and beverage industry. Research design, data and methodology: The integrated TAM and TOE frameworks and ten hypotheses were developed to test the relationship between relevant factors. A cross-sectional survey was conducted to collect valid data from 992 respondents who run F&B household businesses in Vietnam. Results: The empirical research results confirm all proposed hypotheses that e-commerce adoption is affected by the perceived usefulness, the perceived ease of use, vendor support partners, social expectancy, competitive pressure, subjective norm, and household resources. Meanwhile, technical readiness, environment readiness, and organization readiness are intermediate variables that influence the implementation of e-commerce in food and beverage distribution. Conclusions: The findings suggest effective orientations to foster the food and beverage e-trading practice for household businesses in developing countries. Accordingly, to encourage private household businesses to adopt e-commerce, it is necessary to focus on improving business resources, technology readiness, environment readiness, and organization readiness through raising awareness of usefulness, benefits, perceived ease of use, and increased support of vendor partners. Future research can focus on improving the efficiency of e-commerce applications in F&B distribution for both household businesses and larger-scale enterprises.

Necessity and Expected Effects of Introducing the Korean Version of Tax Lease Scheme for Ships (한국형 선박 조세리스제도 도입 필요성과 기대효과)

  • Sung-Hwa Park;Hanna Kim
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
    • /
    • 2022.06a
    • /
    • pp.369-370
    • /
    • 2022
  • In Korea's ship finance, due to the nature of pro-cyclical investment, the private sector's ship finance greatly shrinks during the shipping recession, and policy financial institutions take the lead in ship finance. Meanwhile, the government established the 「Strategy for the Realization of Shipping Industry Leader」 (June 29, '2) and set a development goal by 2030 through support such as securing new high-efficiency ships. To promote financial investment. However, investment in the shipping industry is not easy to induce due to risks and uncertain market conditions. Therefore, it is necessary to review tax benefits that can induce joint investment of investors at the government level. Therefore, it is necessary to introduce a Korean version of tax lease scheme for ships in order to resolve the liquidity gap in the domestic ship finance market and successfully implement the five-year plan for reconstruction of shipping industry.

  • PDF