• Title/Summary/Keyword: Financial Integration

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Implementation Strategy of Integrated Information Management System of University Financial Support Project

  • Lee, Hae-Gun;Shin, Seong-Yoon
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.10
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    • pp.243-249
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    • 2019
  • In this paper, we proposes a comprehensive analysis of the characteristics, selection procedures, and management perspectives of each university's financial support project, and derivation of a plan to integrate the information system of the university's financial support project. To this end, we analyze the current status of business operations before and after restructuring university financial support projects, and identified the characteristics, commonalities, and differences of each project. Individual projects are promoted segmentally, evaluation indicators and evaluation methods are different for each business, standardization is difficult, and in the absence of integrated governance, sympathy and will of the system integration of the government and the managing agency cannot be found. In order to integrate the system, the business management process must be integrated and standardized, and the system equipment such as budget category adjustment must be complemented, and a stable budget for system integration must be secured.

Moderating Effect of Residential Selection on the Relationship between Marriage and Childbirth - From Perspective of Regional Integration against Local Extinction - (결혼과 출산 간의 관계에서 거주지 선택의 조절 효과 검증 -지방소멸 대응을 위한 광역화 관점에서-)

  • Soo-Chang Lee;Dae-Chan, Kim
    • The Journal of the Convergence on Culture Technology
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    • v.9 no.4
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    • pp.51-60
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    • 2023
  • This study is to verify the moderating effect of residential selection on the relationship between marriage and childbirth. According to the analysis results, interactions of first marriage with the financial capacity of local governments for public services, residential stability, the scale of the region, and local economic situation have a moderating effect on childbirth. Interactions of remarriage and marriage with foreigners with the financial capacity of local governments for public services, residential stability, and the scale of the region have a moderating effect on childbirth. These results indicate that when married couples choose to reside in small and medium-sized cities or large cities rather than rural areas, it can more positively affect their intention to have children. While there may be a logical argument against advocating for regional integration based on the moderating effect of residential selection on the relationship between marriage and childbirth, the analysis results of this study and the phenomenon of married couples avoiding rural areas can contribute to raising the need for regional integration.

Supply Chain Integration Strategy based on Customer Value (고객가치에 따른 공급사슬통합 전략)

  • Kim, Jin-Wan;Ok, Seok-Jae
    • Management & Information Systems Review
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    • v.32 no.5
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    • pp.45-68
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    • 2013
  • The goal of supply chain integration is to improve the effectiveness and efficiency of supply chain in order to deliver customer value. So, the fit of between supply chain integration strategy and customer value strategy is very important. Therefore, this study explores the different types of relationship between supply chain integration and customer value, as well as in the firm performances. Cluster analysis is used to develop the typology of supply chain integration, and five typology (High Internal Oriented Integration, Medium Oriented Internal Integration, High Supply Chain Integration, High Customer Oriented Integration, Medium Oriented External Integration) are identified. Analysis of variance is used to test the relationship between supply chain integration typology and customer value, and firm performances. The results show that there are statistically significant differences in customer value and firm performances.

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What Drives Growing Currency Co-movements with the Renminbi?

  • Park, Bokyeong;An, Jiyoun
    • East Asian Economic Review
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    • v.24 no.1
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    • pp.31-59
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    • 2020
  • China's increasing trade volume and continuous integration with global financial markets have strengthened the influences of the renminbi on the exchange rates of different currencies. Previous studies find closer co-movements between the renminbi and other currencies. This paper is novel to investigate the underlying determinants of the co-movement further, using panel data of over thirty-four countries. Our results show that stronger bilateral trade and financial linkages with China have a positive association with the currency co-movement. Moreover, countries with greater flexibility in exchange rate regimes show stronger co-movements. These findings imply that growing co-movements are the consequence of autonomous decisions at the market rather than that of management by governments or central banks.

Forecasting the Volatility of KOSPI 200 Using Data Mining

  • Kim, Keon-Kyun;Cho, Mee-Hye;Park, Eun-Sik
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.4
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    • pp.1305-1325
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    • 2008
  • As index option markets grow recently, many analysts and investors become interested in forecasting the volatility of KOSPI 200 Index to achieve portfolio's goal from the point of financial risk management and asset evaluation. To serve this purpose, we introduce NN and SVM integrated with other financial series models such as GARCH, EGARCH, and EWMA. Moreover, according to the empirical test, Integrating NN with GARCH or EWMA models improves prediction power in terms of the precision and the direction of the volatility of KOSPI 200 index. However, integrating SVM with financial series models doesn't improve greatly the prediction power. In summary, SVM-EGARCH was the best in terms of predicting the direction of the volatility and NN-GARCH was the best in terms of the prediction precision. We conclude with advantages of the integration process and the need for integrating models to enhance the prediction power.

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Northeast Asian Energy Corridor Initiative for Regional Collaboration

  • Paik, Hoon
    • East Asian Economic Review
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    • v.16 no.4
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    • pp.395-410
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    • 2012
  • For historical and political reasons, South Korea (hereafter Korea), Japan and China have not achieved much progress in regional energy cooperation for decades. However, the rising importance of Northeast Asia (NEA) in the world energy sphere, especially in the global oil market, is providing an opportunity to create an integrated oil market in the region. This study suggests the Northeast Asian Energy Corridor (NEAEC) Initiative as an effective conduit for raising the possibility of the Northeast Asian oil hub project. The NEAEC Initiative combines the model of Europe's Amsterdam-Rotterdam-Antwerp (ARA) with Singapore's AsiaClear as a form of financial collaboration. The study suggests that an electronically integrated Over-the-Counter (OTC) market clearing mechanism accompanied by other key financial instruments among Korea, Japan and China can be an effective means for promoting financial collaboration in the region.

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A Study on the Integration of Local Public Enterprise Evaluation(LPEE) and Malcolm Baldrige Model(MBM) (지방공기업 경영평가와 경영품질모형의 통합화에 관한 연구)

  • Choi, Kil-Soo
    • Journal of Korean Society for Quality Management
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    • v.36 no.4
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    • pp.65-76
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    • 2008
  • The purpose of this study is to contribute to escalation of a management quality of local public enterprise through integrating local public enterprise evaluation(LPEE) and Malcolm Baldrige Model(MBM). In order to achieve the purpose, I suggested that develop an integration model of LPEE and MBM criteria and use AHP(Analytic Hierarchy Process) as a technique posting weight value to criteria. Of two suggests, it is the former to date or discuss seriously. Therefore the integration model is redesigned for leadership/strategy category(leadership, strategy), management system category(customer management system, business management system, measurement/knowledge management system), and management result category(business result, customer satisfaction result, human resource management result, financial management result).

Construction of Financial Networks based on Virtual Private Networks (가상사설통신망 기반 금융전산망 구축 방안)

  • Seo, Moon-Seog
    • The Journal of the Korea Contents Association
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    • v.9 no.8
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    • pp.41-48
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    • 2009
  • As enactment and enforcement of capital markets integration law, investment banks are going to be appeared in our financial market and be able to provide payment services. To provide these kinds of services, investment banks need to be participated in the financial network. As the financial network enormously affect the economy, the operation of the network will require a variety of risk managements. In this paper we define operational risk management criteria for the financial network such as security, in-time response, economical efficiency and stability to be required for the healthy economy and propose the configuration of the financial network system based on virtual private networks for investment banks to provide payment services. Finally we analyze that the proposed VPN configuration for financial networks has high security and in-time response with the cost and operation effective.

Empirical Study on Inter-Firm Diffusion and Firms' Performance for Win-Win Growth Culture in Supply Chain

  • Kim, Kyung-Tae;Lee, Jung Seung;Kang, Namshin
    • Journal of Information Technology Applications and Management
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    • v.22 no.1
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    • pp.153-163
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    • 2015
  • The purpose of this study is to investigate the relationship among factors that expand the win-win growth between domestic finished goods-making manufacturers and subcontractors. One-hundred twenty six firms participated for this study and were used for the data analysis. As a result of analysis, first, it was found that the win-win growth between first-tier suppliers and second-tier suppliers has positive effects on the win-win growth made by second-tier suppliers helping the third-tier suppliers. Second, it was found that the win-win growth policies supported by the government for the positive relationship between first-tier suppliers and second-tier suppliers for the finished goods-making manufacturers have positive effects on the win-win growth between second-tier suppliers and third-tier suppliers. Third, the results also showed that the win-win growth between second-tier suppliers and third-tier suppliers has a positive influence both on the financial and on the non-financial performances of the second-tier suppliers. Based on the results of this study, it is recommended to (1) construct infrastructure by sector through partnership between finished goods-making manufacturers and subcontractors, (2) draw in active support through the governmental win-win growth policies, (3) induce increasing productivities through information sharing, manpower support, technical support and educational support, and (4) strengthen and cultivate the culture of the small- and medium-sized companies.

Integration rough set theory and case-base reasoning for the corporate credit evaluation (러프집합이론과 사례기반추론을 결합한 기업신용평가 모형)

  • Roh, Tae-Hyup;Yoo Myung-Hwan;Han In-Goo
    • The Journal of Information Systems
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    • v.14 no.1
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    • pp.41-65
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    • 2005
  • The credit ration is a significant area of financial management which is of major interest to practitioners, financial and credit analysts. The components of credit rating are identified decision models are developed to assess credit rating an the corresponding creditworthiness of firms an accurately ad possble. Although many early studies demonstrate a priori which of these techniques will be most effective to solve a specific classification problem. Recently, a number of studies have demonstrate that a hybrid model integration artificial intelligence approaches with other feature selection algorthms can be alternative methodologies for business classification problems. In this article, we propose a hybrid approach using rough set theory as an alternative methodology to select appropriate attributes for case-based reasoning. This model uses rough specific interest lies in lthe stable combining of both rough set theory to extract knowledge that can guide dffective retrevals of useful cases. Our specific interest lies in the stable combining of both rough set theory and case-based reasoning in the problem of corporate credit rating. In addition, we summarize backgrounds of applying integrated model in the field of corporate credit rating with a brief description of various credit rating methodologies.

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