• Title/Summary/Keyword: Financial Operation

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Analysis of Factors Influencing Business Performance by Types of Agricultural Corporations (농업회사법인과 영농조합법인 경영성과에 영향을 미치는 요인 분석)

  • Jeong, Jae Won;Lee, In Kyu;Kim, Seongsup
    • Journal of Korean Society of Rural Planning
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    • v.24 no.3
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    • pp.55-62
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    • 2018
  • This study analyze factors influencing business performance by types of agricultural corporation for improving performance. The number of agricultural corporations have been increasing but their profitability has been decreasing. In this situation, it is important to analyze factors influencing business performance for improving their profitability. We estimate a model including financial indexes and corporation's characters using ordinary least square. We use agricultural corporations survey data for 10years(2005~2014) of Statistics Korea. This study analyze bookkeeping recorded agricultural corporations for the same period. As a result, we find factors to influence Return on Assets(ROA). Additionally, we calculate optimized current ratio and debt ratio for ROA maximization. Operation period and the number of full-time workers also have a positive effect on ROA. Agricultural production, processing and distribution variables by business types have a positive effect on ROA, but some of their interaction terms have a negative effect on ROA. We expect that this result will help for improving corporation's business performance.

A Study on the Structural Relationship in the Characters of Founders, Management and Competitiveness of Startup Companies (창업기업의 창업자 특성, 경영특성 및 경쟁력간의 구조적 관계에 관한 연구)

  • Na, Sang-Gyun
    • Journal of the Korea Safety Management & Science
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    • v.10 no.4
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    • pp.287-296
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    • 2008
  • The objective of the present paper is to analyze the problems found in the operation of startup companies and to seek after their solutions. It is thus aimed at offering reasonable grounds for the government to work out long- and short-term strategies in an attempt to help and vitalize startup companies. In this context, following analysis was conducted to meet the objective of this study: First, it was analyzed here to determine if there was any difference in the application of management characters that were deemed to be important factors exercising drastic influence on competitiveness of startup companies directly as well as indirectly; and Second, it was empirically proved how management characters of startup companies affected their competitiveness. From the analysis, it was discovered as follows: First, characters of founders such as age, education and experience in management were found to differ depending on the extent that factors of managerial characters in startup companies were practically applied; and Second, the four factors of managerial characters that were classified by factor analysis turned out to have influence on variables of financial and non-financial competitiveness that were connected with competitiveness of a company.

A Study on the Relative Efficiency of Local Government' s Fiscal Expenditure and Urban Settlement Environment (지방정부의 재정지출과 도시 정주 환경과의 상대적 효율성 분석)

  • Kim, Taewan;Oh, Minjeong
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.3
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    • pp.204-215
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    • 2020
  • Efforts on the continued increase of local government's fiscal spending related to improving the residential environment are desirable to counter the declining phenomenon of urban decline. At the same time, however, it is also important to know how to operate limited finances more efficiently to improve the residential environment. This study aims to contribute to the rational allocation of fiscal expenditure and the creation of productive results for the improvement of the settlement environment. To this end, this study analyzed the efficiency of financial expenditure related to the improvement of the residential environment in 225 local governments nationwide. The relationship between financial expenditure and residential environmental performance was also measured and the CCR, BCC and SBM models were used to measure efficiency. The analysis showed that most local governments need to scale back their fiscal spending related to improving the government environment. In addition, it was required to prepare feasible spending plans by bench-marking the processes of residential environment improvement projects in areas such as Haman-gun, Jongno-gu, Seoul, and Seocho-gu, which are considered to be under efficient operation.

Estimation of LCOE for Korean PV Projects : For the Ones that Financial Investors Participated in (한국 태양광발전사업의 에너지균등화비용(LCOE) 추정: 재무적투자자 참여사업을 대상으로)

  • Kim, Young-Kyung;Chang, Byung-Man
    • New & Renewable Energy
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    • v.8 no.3
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    • pp.23-29
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    • 2012
  • LCOE of 11 Korean PV projects, total capacity of 44 MW, were calculated for each project being larger than 1 MW respectively. 9 out of 11 projects were constructed in 2008 under FIT scheme revealed that average LCOE is 600 Korean Won per kilowatt-hour and it becomes reduced to 348 Korean Won per kilowatt-hour for 2 projects that are constructed under RPS scheme in 2012. During the period between 2008 and 2012, installation cost per megawatt became 55% of 2008 value with operation and maintenance cost lowered to 80% while LCOE became only 58% due to reduced project size and lower irradiation for later projects. However, it is found that the ratio of LCOE / unit installation cost looks relatively constant, so that it can be used as an auxiliary parameter to gauge learning effect of BOS portion of a PV project.

Establishment of ICT Specialized Teaching-Learning System in the Era of Superintelligence, Super-Connectivity, and Super-Convergence

  • Seung-Woo LEE;Sangwon LEE
    • International journal of advanced smart convergence
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    • v.12 no.3
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    • pp.149-156
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    • 2023
  • Joint research on software, electronic engineering, computer engineering, and financial engineering and the use of ICT knowledge through network formation play an important role in strengthening science and technology-based innovation capabilities and facilitating the development and production process of products using new technologies. For the purpose of this study, I would like to strategically propose ICT specialized education in the 4th industrial revolution. To this end, the ICT specialization model, ICT specialization strategy analysis, and ICT specialization operation and effect were explored to establish ICT specialization strategies centered on software, electronic engineering, computer engineering, and financial engineering in the era of super-intelligence, hyper-connected, and hyper-convergence. Secondly, a roadmap for detailed promotion tasks related to efficient ICT characterization based on core strategies, detailed promotion tasks, and programs was proposed, focusing on talent related to ICT characterization. Thirdly, we would like to propose a reorganization of the academic structure and organization related to ICT characterization. Finally, we would like to propose the establishment of a future-oriented education system related to ICT specialization based on the advanced education and research environment.

Investigating the Impacts of IT Strategy on IT Investment and Management Performance in SCM Companies (SCM 기업들의 IT전략이 IT투자와 경영성광에 미치는 영향)

  • Kim, Jong-Weon;Kim, Eun-Jung
    • Journal of Korea Society of Industrial Information Systems
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    • v.14 no.2
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    • pp.59-71
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    • 2009
  • A great number of companies continue to invest heavily in information technology such as SCM The reasons for this investment vary, but the principal belief is that they will use the technology to gain competitive advantage in today's highly dynamic and changing business market. In order to identify the SCM management performance, this study investigates the impacts of information technology strategy(operation-oriented and market-oriented) on the information technology investment direction(internal system orientation and external system orientation), process innovation level and management performance(non-financial performance and financial performance). This study collected data on-line and off-line from enterprises which implement the supply chain management. The 82 responses were used for the statistical analysis.

Need for internal control of public sector

  • Mohammadi, Shaban
    • The Journal of Economics, Marketing and Management
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    • v.3 no.1
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    • pp.33-39
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    • 2015
  • Managers are always trying to be the best internal controls in their organizations copper approximate because they know that be effective internal control over previous systems, to fulfill the mission of the organization and minimize unexpected events will be extremely difficult. On the other hand, the existence of internal controls to increase efficiency, reduce head loss, assets and achieving a reasonable assurance of the reliability of financial statements and compliance with laws and regulations will be. Internal control, not an event, but a series of operations and activities on the basis of output. Internal controls help to achieve the goal of minimizing the problems of implementing appropriate internal controls. Internal control is an integral component of corporate governance that will provide reasonable assurance of achieving the organization's objectives. preventing, detecting errors and fraud goes to work. Responsibility for the prevention and detection of fraud and error in the public sector is the responsibility of managers. Managers of internal control and consistently applying appropriate accounting systems, this responsibility will play (Lin et al., 2011). Since the public sector organizations differ from each other, thus establishing internal controls cant be the same for all organizations and agencies of the public sector. Establish specific controls on each system to factors such as size, type of operation and organizational goals that the system is designed, it depends. On the other hand, rapid advances in information technology, the need to update internal control guidelines in relation to Create a new computer system so as to ensure that the activities of managers and effective control Should be updated if necessary.

A Study on Scor model and BSC to estimate SCM Performance in Textile and Fashion Business (섬유패션기업의 SCM 성과 측정을 위한 Scor Model과 BSC 연구)

  • Shin, Sang-Moo;Choi, Jin-Hyuk
    • Journal of Fashion Business
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    • v.14 no.4
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    • pp.10-22
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    • 2010
  • To survive competitive global market, textile and fashion business incorporated Supply Chain Management strategy to make product and information flows fast and correct. Especially textile and fashion industry involves many complicated channels from up stream, middle stream, to down stream for delivering their production. Evaluating SCM performance is very critical to make better business profit model. Representative Scor model and BSC method are well fitted into textile and fashion business because of distributional complexity, non-financial factors to be considered, and innovative product characteristics. But there was little study to compare these two methods for textile and fashion business. Therefore, the purpose of this study was to investigate the Scor model and BSC method based upon review of literatures. The results of this study were as follows: Scor model had some strengths which were availability to apply for various industries due to standardized process, operation process emphasized, various customizable factors to compose for the company, and premise on SCM strategic execution. BSC method had some strengths which were the balance including financial and non-financial factors, qualitative analysis, and considering the goal and vision to convey organically from top to bottom of organization. The main differences between them were different scope to deal with performance estimating index from qualitative to quantitative analysis, the scope of human resources to manage, and possibility of performance comparison among companies.

Provable Security of PRF-based Key Derivation Functions according to Input Types of Counters (PRF-기반 키유도함수에서 카운터 입력 형태에 따른 증명가능 안전성)

  • Kim, Nayoung;Kang, Ju-Sung;Yeom, Yongjin
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.25 no.3
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    • pp.547-557
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    • 2015
  • The security of all cryptographic algorithms and protocols is based on the confidentiality of secret keys. Key management mechanism is an indispensable part of the cryptographic system and this deals with the generation, exchange, storage, use, and replacement of keys. Within the key management mechanism there are key derivation functions (KDFs) which derive one or more keys from a master key. NIST specifies three families of PRF-based KDFs in SP 800-108. In this paper, we examine the difference of security models between the KDFs and the encryption modes of operations. Moreover we focus on the provable security of PRF-based KDFs according to input types of counters, and show that the counter and feedback modes of KDFs using XOR of counters are insecure, while these modes using concatenation of counters are secure.

Improvement the Security Service of Cash Delivery Using Real-time Binary CDMA Monitoring (실시간 Binary CDMA 모니터링을 통한 현금호송 보안업무 개선방안)

  • Kim, Min-Su;Lee, Dong-Hwi;Kim, Kui-Nam J.
    • Convergence Security Journal
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    • v.12 no.2
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    • pp.53-60
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    • 2012
  • Financial institutions keep putting efforts to filling cash into ATMs and branches in order to provide customers with better service. This kind of job usually required an automobile unit to be done, and financial institutions employee perform this task directly or sourcing out to professional security service companies. However, the job has been of ten a target of criminals because it deals with cash. In fact, since 2003, there were several cash truck robberies occurred. This circumstances made the public be aware of the necessity of creative research and the strict management of financial institutions and security companies. However, the existing studies on security service of cash delivery suggest only how to improve the job legally and in operation, and the technological aspect of the improving way has not been studied. Therefore, this study aimed at suggesting an improvement the security service of cash delivery using real-time binary CDMA monitoring for providing better safety service to customers.