• Title/Summary/Keyword: Financial Safety

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The Effects of Corporate Entrepreneurship on Self-Efficacy and Firm Performance in Small and Medium-sized Firms of Gyeongnam Region (조직 내 기업가정신이 자기효능감과 기업성과에 미치는 영향 -경남지역 중소 제조업체를 대상으로-)

  • Hwang, Sang-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.15 no.4
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    • pp.345-356
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    • 2013
  • The purpose of this study includes: the relationships between corporate entrepreneurship(innovation, proactiveness, risk-taking) and firm performance(non-financial performance, financial performance) and the mediating effect of the self-efficacy on the relationship between corporate entrepreneurship and firm performance. In order to verify the relationships and mediating effect, data were collected from 368 individuals in employees working in small and medium-sized firms at Gyeongnam region to test theoretical model and its hypotheses. All data collected from the survey were analyzed using with SPSS 18.0. This study reports findings as follows: first, the relationship between the corporate entrepreneurship(except innovation) and the employee's self-efficacy is positively related. Second, there was also a positive correlation between the employee's self-efficacy and firm performance. Third, the relationship between the corporate entrepreneurship and the non-financial performance is positively related. The relationship between the corporate entrepreneurship(except innovation) and the financial performance is positively related. Finally, the employee's self-efficacy played as a partial mediator on the relationship between risk-taking and firm performance. The employee's self-efficacy played as a fully mediator on the relationship between proactiveness and non-financial performance. The employee's self-efficacy played as a partial mediator on the relationship between proactiveness and financial performance. However, there was no empirical evidence for the mediating effect of employee's self-efficacy on the relationship innovation and firm performance. Based on these findings, the implications and the limitations of the study were presented including some directions for future studies.

Application of Risk-Based Inspection with Financial Risk for a Petrochemical Process (석유화학공정에서 재정적 위험도에 의한 위험기반검사의 적용)

  • Kim, Tae-Ok;Lee, Joong-Hee;Choi, Sung-Kyu;Lee, Hern-Chang;Jo, Ji-Hoon
    • Journal of the Korean Institute of Gas
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    • v.13 no.4
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    • pp.53-60
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    • 2009
  • For the case of the facilities using utilities such as cooling water and steam, risk of the facilities is zero because the consequence of failure (COF) through equipment damage area is zero. Therefore, to improve the estimation method of the risk by COF through equipment damage area in the risk-based inspection (RBI), this study developed the procedures of RBI, in which the risk was estimated by COF through financial loss. And, the RBI program (KS-RBI Ver 3.1) was developed to establish inspection interval based on the risk of the facilities estimated by COF through equipment damage area and financial loss, simultaneously, and the developed RBI program was applied to a petrochemical process. As a result, risks of the facilities estimated by COF through financial loss were similar to risks by COF through the equipment damage area. But, for the case of the facilities using utilities or expensive facilities, the estimation method of the risk by COF through financial loss was more accurate than through equipment damage area.

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The Analysis of Relationship between Railway Signaling Standards and Other Safety Standards for Safety Meaning Establishment (열차제어시스템 안전성 개념 확립을 위한 국제 표준들의 관계분석)

  • Jo, Hyun-Jeong;Hwang, Jong-Gyu
    • Proceedings of the IEEK Conference
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    • 2008.06a
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    • pp.1145-1146
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    • 2008
  • Failures of equipments are linked directly to extensive damages of human lives or financial losses from the increasing uses of railway signaling equipments utilizing computers. Then safety organizations have to establish for guaranteeing safety during the system life-cycle. In this paper, we examine the relationship between railway signaling standards and other safety standards for safety meaning establishment.

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Current Status Analyses and Efficient Strategies Subjected to Safety Management of Small-Scaled Old Buildings (소규모 노후 건축물 안전관리 실태분석 및 효율화 방안)

  • Ji-Eon Lee;Jong-Chan Kim;Sung-Ho Park
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.27 no.3
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    • pp.58-70
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    • 2023
  • Based on the current state of safety management for small-scaled old buildings, this study identified problems and proposed improvement plans. The study investigated the current status of safety management based on relevant laws and government and financial portal data, as well as budget documents related to the targets of safety management, the organization responsible for safety management, and the budget required for organizational operation. As a result, the study revealed the problem of safety management blind spots for buildings that are not included in the legal safety inspection targets. It also identified difficulties in securing specialized personnel for the operation of local building safety centers and financial constraints for the operation of building safety special accounting. To address these issues, the study proposed measures such as expanding the scope of safety inspection targets for small-scaled old buildings to reduce safety management blind spots, improving compensation regulations for specialized personnel, setting a minimum ratio for enforcement fines to secure financial resources, and gradually adjusting building permit fees. The study aimed to contribute to improving the efficiency of safety management for small-scaled old buildings based on these proposed measures.

Development of RBI Procedures and Implementation of a Software Based on API Code (III) - Quantitative Approach (API 기준에 근거한 RBI 절차 개발 및 소프트웨어의 구현 (III) - 정량적 접근법 -)

  • 송정수;심상훈;최송천;윤기봉
    • Journal of the Korean Society of Safety
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    • v.18 no.1
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    • pp.56-63
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    • 2003
  • During the last decade, effort has been made f3r reducing maintenance cost for aged equipments and ensuring safety, efficiency and profitability of petrochemical and refinery plants. Hence, it was required to develop advanced methods which meet this need. RBI(Risk Based Inspection) methodology is one of the most promising technology satisfying the requirements in the field of integrity management. In this study, a quantitative assessment algorithm fir RBI based on the API 581 code was reconstructed for developing an RBI software. The user-friendly realRBI software is developed with a module for evaluating quantitative risk md financial risk using the potential consequence and the likelihood. Also, inspection planning module for inspection time and inspection method are included in it.

Comparisons of the Consequences Based on the Damage Area and the Financial Loss in a Petrochemical Plant (석유화학공장에서 피해지역 및 재정적 손실에 의한 사고 피해크기 비교)

  • Kim, Bong-Hoon;Lee, Hern-Chang;Choi, Jae-Wook
    • Journal of the Korean Institute of Gas
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    • v.15 no.6
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    • pp.20-27
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    • 2011
  • The consequence analysis (CA) is widely using in the petrochemical plant through adoption of the process safety management (PSM) system, but it has not practical problem that the CA was not reflected effects for employee count, business interruption loss, utility usage, and etc.. In this study, to establish the practical emergency response plan and to achieve risk based management, the consequence based on the damage area and the financial loss were estimated and compared through application on facilities in the petrochemical plant. If the damage area is used, the consequence category must be determined by safety area considering simultaneously damage area, fatality area and toxic area. Also, the consequences based on the financial loss is more practical method for the case of considering process properties and circumstances.

A Research on the Transference of Trust from Service Provider to MyData Banking Service (서비스 제공 기업에 대한 신뢰가 금융 마이데이터 서비스에 전이되는 현상에 관한 연구)

  • Ah Ro Kum;Jung Hoon Lee;Yun A Yeo
    • Journal of Information Technology Services
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    • v.23 no.1
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    • pp.97-121
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    • 2024
  • As data usage grows in importance, ensuring individual control over personal information becomes critical. The emergence of the 'MyData' concept addresses this, particularly in financial services. Although the institutional and technological framework for financial MyData services is in place, there's a need to establish consumer understanding and perception of its usefulness and safety for successful activation. This study focuses on investigating the impact of trust on the intention to use the new mobile banking service, financial MyData. This study has three objectives. Firstly, to analyze whether trust in financial MyData services and trust in financial MyData service providers affect the intention to use financial MyData services. Secondly, to analyze the process of forming trust in financial MyData services based on the phenomenon of transferring trust in service providers to trust in services. Thirdly, to identify the process by which trust transfer occurs between service providers and financial MyData services. Ultimately, the goal of this study is to promote the intention to use financial MyData services based on the concept of trust and to activate these services. In summary, this study emphasizes the significance of trust in financial MyData services, exploring its impact on user intention and the transfer of trust from providers to services. By promoting consumer trust, the research aims to contribute to the activation of financial MyData services.

The Effects of Enterprise Value and Corporate Tax on Credit Evaluation Based on the Corporate Financial Ratio Analysis (기업 재무비율 분석을 토대로 기업가치 및 법인세가 신용평가에 미치는 영향)

  • Yoo, Joon-soo
    • Journal of Venture Innovation
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    • v.2 no.2
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    • pp.95-115
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    • 2019
  • In the context of today's business environment, not only is the nation or company's credit rating considered very important in our recent society, but it is also becoming important in international transactions. Likewise, at this point of time when the importance and reliability of credit evaluation are becoming important at home and abroad, this study analyzes financial ratios related to corporate profitability, safety, activity, financial growth, and profit growth to study the impact of financial indicators on enterprise value and corporate taxes on credit evaluation. To proceed with this, the financial ratio of 465 companies of KOSPI securities listed in 2017 was calculated and the impact of enterprise value and corporate taxes on credit evaluation was analyzed. Especially, this further study tried to derive a reliable and consistent conclusion by analyzing the financial data of KOSPI securities listed companies for eight years from 2011, which is the first year of K-IFRS introduction, to 2018. Research has shown that the significance levels among variables that show the profitability, safety, activity, financial growth, and profit growth of each financial ratio were significant at the 99% level, except for the profit growth. Validation of the research hypothesis found that while the profitability of KOSPI-listed companies significantly affects corporate value and income tax, indicators such as safety ratio and growth ratio do not significantly affect corporate value and income tax. Activity ratio resulted in significant effects on the value of enterprise value but not significant impacts on income taxes. In addition, it was found that the enterprise value has a significant effect on the company's credit and corporate income taxes, and that corporate income taxes also have a significant effect on the corporate credit evaluation, and this also shows that there is a mediating function of corporate tax. And as a result of further study, when looking at the financial ratio for eight years from 2011 to 2018, it was found that two variables, KARA and LTAX, are significant at a 1% significant level to KISC, whereas LEVE variables is not significant to KISC. The limitation of this study is that credit rating score and financial score cannot be said to be reliable indicators that investors in the capital market can normally obtain, compared to ranking criteria for corporate bonds or corporate bills directly related to capital procurement costs of enterprise. Above all, it is necessary to develop credit rating score and financial score reflecting financial indicators such as business cash flow or net assets market value and non-financial indicators such as industry growth potential or production efficiency.

An Analysis of Financial Ration for the Profitability in the Hotel Industry (호텔기업의 재무비율과 수익성간의 관계)

  • Park Tae Su;Lee Sang Geon
    • Journal of Applied Tourism Food and Beverage Management and Research
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    • v.15 no.1
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    • pp.81-97
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    • 2004
  • The purpose of this study is to suggest management information through the analysis of relationships between financial characteristics and financial performance to the owners and managers of super deluxe hotels in Korea. The data of super deluxe hotels were collected by the electronic F/S announcement system. Forty-two hotels, which have financial statements for the previous three consecutive years were chosen as the sample of analysis. Return on total assets and times interest earned, asset turnover, current ratio of the super deluxe hotels are correlated. Return on total assets and asset turnover, sales growth rate, times interest earned are also correlated. And productivity and asset turnover of chain hotels are correlated. Based on this study, it can be concluded that chain hotels are maily correlated with growth ratio and activity ratio. Otherwise non-chain hotels are mainly correlated with current ratio and safety ratio.

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A Development of Safety Inspection Framework for Financial Outsourcing Companies (금융부문 제휴사업자 안전성 합동점검 프레임워크 구축 개발)

  • Shin, Dong-Il;Kim, Young-Tae;Seung, Jae-Mo
    • Proceedings of the Korean Information Science Society Conference
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    • 2011.06d
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    • pp.98-101
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    • 2011
  • 금융회사들은 자사와 제휴 또는 외부 주문하고 있는 사업자들에 대해 전자금융 침해사고 예방을 위한 안전성 점검을 개별적으로 실시하고 있다. 이러한 개별점검 방식은 금융회사와 제휴사업자 모두에게 인력 및 비용, 시간 면에서 비효율적이며 금융회사마다 점검기준이 서로 달라 제휴사업자 측면에서 대응하기가 어려운 상황이다. 따라서 본 논문에서는 금융회사와 제휴 또는 외부 주문하는 사업자들에 대한 개별점검방식의 문제점을 보완할 수 있는 합동점검 프레임워크 구축 개발을 통해 합동점검의 효율성을 기술한다.