• The Journal of Asian Finance, Economics and Business
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• 제8권11호
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• pp.191-201
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• 2021

This article examines the role of financial development in economic growth in a number of transitional economies where the financial systems were newly established or reformed only in the early 1990s to facilitate their transition from centrally planned economies to market-based ones. Based on a dataset collected from 29 transitional economies and 5 Asian developing economies covering the period 1990-2020, an empirical endogenous growth model is specified and estimated using the generalized method of moments (GMM). Three measures of financial development are used to investigate the relative role of the banking system and stock exchange market in the process of transition and growth. The results show that the three measures of financial development are crucial determinants of economic growth in transitional economies but the link seems to be in an inverted U-shape. This suggests the existence of thresholds for different channels of the financial sector to expand to positively influence growth. When becoming too large relative to the size of the economy, the financial system would have become a factor not conducive to growth. The growth convergence hypothesis is also confirmed and the impacts of other growth determinants are overall consistent with the extant literature.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.225-235
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• 2021

The objective of this study is to identify the effects of ethical values reflected on zakat and Corporate Social Responsibility (CSR) on the financial performance of sharia banking in Indonesia. This study contributes to the Indonesia Financial Service Authority (Otoritas Jasa Keuangan (OJK) policies concerning the need for implementing ethical values in sharia banking and other sharia financial entities based on the philanthropic model, this study posits that firms undertaking zakat and charity are ethical firms. The population of this study is 8 sharia banks listed on the Indonesia Stock Exchange (IDX) in 2014-2018. The result of the study showed that zakat disclosure significantly affected financial performance. Moreover, ethical values that were proxied by CSR disclosure did not significantly affect financial performance. The limitation of the study is the limited number of the sample; therefore, it is expected that the future research adds other sharia financial entities and adds the dimension of management, sustainability, product, and the environment as benchmarks of ethical values. The originality of this study offers an additional explanation of the relationship between ethical values and performance by investigating zakat and CSR disclosure which is a unique factor in Indonesia.

• 가족자원경영과 정책
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• 제17권1호
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• pp.63-79
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• 2013

The purpose of this study is to identify the factors that influence the willingness to marriage initiation(WMI) among the never married in their 30s. In particular, we examine the effect of financial resources on the WMI. A data set from the National Survey of Marriage and Childbirth (2009 Wave) were analyzed. We find that the effect of financial resources on the WMI are different by gender. Home ownership is a statistically significant factor in the logistic regression model for men, but not in the model for women. Women with higher earnings are more likely to be single and unemployed men are more likely to be single than employed men. In the Korean societal contexts, these findings support the bi-standard of financial resources between male and female in the marriage market.

• International Journal of Computer Science & Network Security
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• 제21권11호
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• pp.207-215
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• 2021

The aim of the article is to study the role of informal institutions in the development of the financial services market. The study outlines the concepts of scholars to identify the main types of informal institutions. The mechanism of research of influence of the informal factor on functioning of economic object is developed. The main types of informal institutions are systematized. The main informal institutions influencing the development of the financial services market are considered. The application of a synergetic approach to the consideration of the impact of the institution of trust on the financial services market is proposed.

• 산경연구논집
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• 제9권11호
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• pp.93-104
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• 2018

Purpose - For small and medium sized firms, CEO characteristics are main factor influencing firms' prosperity as well as performance. So it is quite natural that many people are interested in factors of CEO that matters. In this research, CEO characteristics in terms of capabilities and skill or special knowledge necessary to run the business are invested for manufacturing firms. Precedent studies reveal that CEO characteristics such as psychological factors including desire to succeed, tendency to take risks, personal factors including age, year of running business, and task related factors including managing capability, communication skills, network influence firm performance for manufacturing firms. However, these studies simply verify whether or not those factors affect firm's managing performance. This study, however, goes further to investigate how is the affecting process from CEO's capabilities and organization characteristics to firm's core competence, and from core competence to advantages, and from advantages to managing performance. Research design, data, and methodology - We make a questionnaire and surveyed manufacturing firm CEO's in Gyeonggi-do area. General characteristics analysis, factor analysis, regression analysis, and control effect analysis was conducted. SPSS 2.0 Win, version was used. Results - The CEO characteristics including basic capability, task capability, leadership, and organization characteristics affect core competence at the statistically significant level. And, core competence affect both price advantage and differentiation advantage at the significant level. Some unique finding is that while differentiation advantage affects both financial achievement and non-financial achievement, price advantage does not affect both financial and non-financial achievement. And firm characteristics mainly measured by CEO characteristics of skills has control effects on the trace from core competence to price advantage. Conclusions - For small and medium sized firms CEO characteristics is the most important factor influencing firm's prosperity. For manufacturing firms, whether CEO has the skill or special knowledge to run the firm is critical factor. The study results show that CEO's for manufacturing firms put importance on price and price advantage which seems to be familiar to them. However, the price advantage does not influential to financial and non-financial achievement. This result suggests that small and medium sized manufacturing firms' CEO's should make effort to improve other aspects of advantages to be more competitive.

• 한국전자거래학회지
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• 제23권4호
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• pp.63-85
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• 2018

기업의 "회사소개" 페이지는 기업이 중요시하게 여기는 가치가 무엇인지를 소개하고 있다. 본 연구에서는 이에 관한 글이 회사의 현재 및 미래의 재무성과의 연관성을 조사한다. 텍스트 마이닝 기법을 활용하여 2016년의 S&P500 기업의 기관 정보를 분석하여 회사소개 페이지에서 의도적으로 반복되는 단어를 파악하고, 이를 통해 요인분석을 수행하였다. 그 결과 홈페이지의 키워드는 6가지 요인으로 분류될 수 있음을 알 수 있었고, 그후 최소 자승 회귀분석을 수행하여 키워드의 요인과 기업의 현재 재무 성과 사이의 연관성을 결정하였다. 분석 결과 요인 2("구매 경험"과 관련된 키워드)가 현재 재무 성과의 대체 변수인 ROE와 긍정적인 상관관계가 있음을 보여주며, 요인 1("고객에게 알림"과 관련된 키워드)은 ROE와 부정적인 관계를 가짐을 알 수 있었다. 다만, 요인 1은 기업의 미래 재무 성과를 측정하는 대안 변수인 Tobin's Q와 긍정적인 관계가 있었다. 이 결과는 기업의 웹사이트에 소개된 글과 기업의 재무 성과 사이에 관계가 있음을 나타낸다. 따라서 웹 사이트에 대한 기관의 소개글은 현재 회사 성과 및 미래 회사 가치에 대하여 유용한 지표가 될 수 있다.

• 한국병원경영학회지
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• 제5권1호
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• pp.156-175
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• 2000

This study was designed to find out the relations between the major investment decision-making behaviors and profitability of the hospital. A total of 57 hospitals were analyzed on this study. The major findings were as follows; 1. Among the types of the investment decision-making, major factors affecting the profitability were where the top management belongs among the defender, analyzer, prospector, and reactor type. Other factors were whether or not hospital analyzes which is more economical between the purchase by cash and lease of the medical equipment and whether or not hospital changes the decision before the actual investment. 2, Among the types of the investment decision-making, major factors affecting the financial structure and efficient operation of the assets were ranking of the priority and whether or not hospitals can get enough revenue and cash flow when hospitals have to borrow a big amount of fund from outside. 3. Among the financial indices regarding the financial stability, major factor affecting the profitability was fixed assets to long-tenn capital. Other factors affecting the financial structure and efficient operation of the assets were value added to medical equipment, normal profit to medical equipment, liability to total assets, current ratio, value added to payroll expenses. 4. Investment decision-making behaviors are partially influencing on the financial structure and efficient operation of the assets. However it was proved that the profitability was the most influencial factor than other factors related with the operation of the hospital. 5. To improve the irrational investment decision-making behaviors strategic management system should be introduced, and the top mamagement's investment decision-making style should be changed from reactor and analyser styles to prospector and reactor ones.

• 가족자원경영과 정책
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• 제22권1호
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• pp.79-98
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• 2018

The purpose of this study was to analyze the influence of a married adult on child-toparent and on parent-to-child financial supports. The data, derived from Korean General Social Survey(KGSS) was obtained from the Survey Research Center at Sung Kyun Kwan University. The samples included 367 married adult children who had more than one living parent. Multiple regression analysis was used to analyze the research model. The findings from the analysis showed that monthly household income had no significant impact on the financial supports that adult children provided to their parents or that the parents provided to their child. The expectation of financial supports from their parents in the future was a important factor that affected the level of female and male children's financial supports that they received from their parents. The level of instrumental supports from their parents and their parents-in-law did influence the level of financial transfers between them. These results showed that financial transfers between married adult children and their parents differed based on the children's attitude towards the supporting parents, and whether or not the children or parents had alternative resources available to them for financial supports. Moreover, the variation in financial supports and benefits showed complex differences based on the gender of the children, and based on whether the financial support was coming from the respondent's parents or their partner's parents.

• 한국항만경제학회지
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• 제32권3호
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• pp.155-175
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• 2016

본 연구는 부산이 최근 새롭게 구축하고 있는 해양 도시로서의 역량에 부응하여 세계적인 해양금융도시로 발전하기 위한 필요 요소가 무엇인지를 모색하고 도출된 요소들 간의 중요도를 파악하여 해양금융발전도시를 위한 정책수립 과정에 도움이 되는 시사점을 제공하는 데 목적을 두고 있다. 이를 위해 본 논문에서는 선진 해양금융도시에 대한 사례연구 및 선행연구, 그리고 전문가 면담을 통해 구성된 AHP 설문을 해양산업 및 해양금융 전문가를 대상으로 조사하였고 그 결과과 분석을 통해 부산의 해양금융발전도시로의 성공요인을 도출하였다. 1계층 4개 요인과 2계층 16개 세부항목으로 설계된 구조화된 대안 항목 간의 우선순위(중요도)를 평가하기 위해 계층화분석방법인 AHP(Analytic Hierarchy Process) 기법을 활용하였으며 그 결과는 다음과 같다. 먼저 1계층 4개 요인의 경우 해양금융 발전(0.371), 비즈니스 환경(0.248), 인프라(0.206), 정부지원/기타(0.175)의 순으로 그 중요도가 분석되었다. 다음으로 2계층의 경우에는 4개 주요 성공요인에 대한 16개 하부항목의 중요도를 전체와 각 요인에 따른 하부항목 중요도를 따로 분석하였다. 먼저 16개 하부항목 전체로 분석한 결과 해양금융 관련기관 집적(0.134)이 가장 중요한 요인으로 평가되었다. 그리고 4개 요인별로 구분하여 2계층을 분석한 결과, 첫째, 해양금융 발전 요인에서는 해양금융 관련기관 집적(0.400)이, 둘째, 정부지원/기타 요인의 경우 중앙정부의 행 재정 지원(0.423)이, 셋째, 비즈니스 환경 요인에서는 조선해양산업 클러스터(0.315)가, 넷째, 인프라 요인의 2계층 중요도는 ICT&교통(0.326)이 가장 중요한 항목으로 분석되었다.

• 대한가정학회지
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• 제43권7호
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• pp.79-91
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• 2005

The purpose of the study was to examine the current status of financial management behaviors of college students and to determine the affecting factors. The data were collected from 481 college students in Busan and Kyungnam areas by a self-administered questionnaire. Frequencies, Cronbach's alpha, factor analysis Pearson's correlation analysis and regression analyses were conducted by SPSS WINDOWS. The results from this study were as follows. first, the mean of preparation for the future was the highest among 5 dimensions of money attitudes, whereas the mean of the ostentatious means was the lowest. In addition, the college students showed good practices in drawing up shopping lists, budgeting, and keeping receipts, but bad practices in short-term and long-term planning. Second, many factors such as gender, grade, mother's education, fathers' occupation, and mothers' occupation were significant in the regression analyses for the financial management behaviors. Especially, money attitudes and experience of consumer education were significant in many categories of financial management behaviors. In combination, these results suggest that financial management education for college students should be conducted, and that contents related to value should be included in the education program.