• Title/Summary/Keyword: Financial market

Search Result 2,026, Processing Time 0.031 seconds

Factors Influencing on the Progress of Information and Communication Technologies (정보통신기술 발전에 영향을 미치는 요인분석)

  • Hwang Jin-Young;Kwon Byung-Oug;Min Wan-Kee
    • Journal of Korea Technology Innovation Society
    • /
    • v.8 no.spc1
    • /
    • pp.433-450
    • /
    • 2005
  • This paper empirically traces out the determinants of Information and Communication Technologies (ICT) progress. Using cross-national evidence, it is found that a country's income level and its distribution affect the ICT progress, through their influences on home market demand pattern. This result holds even when controlling for other variables that affects ICT progress and a sub-sample of less developed countries. Based on the findings, it is possible to conjecture that ICT progress can be a plausible reason for the income polarization in the world. In addition, a country with higher levels of human capital accumulation and financial development is positively associated with the ICT progress, although the effects depend on the sample and model specifications. However, these results are based on crude theoretical backgrounds and estimations, which require for further studies in the future.

  • PDF

Business Ethics, Countermeasures, and Transnational Trends: A Focus on Distribution Corporations

  • Kim, Taek
    • Journal of Distribution Science
    • /
    • v.12 no.10
    • /
    • pp.47-56
    • /
    • 2014
  • Purpose - This study aims to eradicate and halt the continuous life cycle of corruption. Only when ethical management policies are implemented can the business ethics system be effective and transparent. Research design, data, and methodology - The analyses and legislative measures designed by these organizations and countries were based on solid research, uncovered during my visits and interviews conducted with businessmen in those countries. Results - The main focus of in this study is as follows: First, to introduce the programs of UN, OECD, OAS, USA, and Asian countries noted for business ethics and transparency policies; Second, to define each function and problem of these countries' anti-corruption systems, including the U.S. federal government, and to examine Chinese trends. Conclusions - Ethical managements are necessary to improve business ethics. This study suggests four related areas for the purpose of discouraging bribery and corruption; these are improving global corporate governance standards, increasing financial transparency, improving good governance in the public service of the OECD member countries, and focusing on not only the supply side but also the demand side of the corruption market.

GENERALIZED BROWNIAN MOTIONS WITH APPLICATION TO FINANCE

  • Chung, Dong-Myung;Lee, Jeong-Hyun
    • Journal of the Korean Mathematical Society
    • /
    • v.43 no.2
    • /
    • pp.357-371
    • /
    • 2006
  • Let $X\;=\;(X_t,\;t{\in}[0, T])$ be a generalized Brownian motion(gBm) determined by mean function a(t) and variance function b(t). Let $L^2({\mu})$ denote the Hilbert space of square integrable functionals of $X\;=\;(X_t - a(t),\; t {in} [0, T])$. In this paper we consider a class of nonlinear functionals of X of the form F(. + a) with $F{in}L^2({\mu})$ and discuss their analysis. Firstly, it is shown that such functionals do not enjoy, in general, the square integrability and Malliavin differentiability. Secondly, we establish regularity conditions on F for which F(.+ a) is in $L^2({\mu})$ and has its Malliavin derivative. Finally we apply these results to compute the price and the hedging portfolio of a contingent claim in our financial market model based on a gBm X.

Financial Characteristics of Company Which has Changed it's Name in the Korean Stock Market (한국 증권시장에서의 사명 변경기업의 재무적 특성)

  • Jeong, Ki-Man
    • Proceedings of the KAIS Fall Conference
    • /
    • 2011.05b
    • /
    • pp.1009-1012
    • /
    • 2011
  • 사명은 기업의 정체성을 나타내는 가장 중요한 요소 중 하나이다. 사업영역 변경, 이미지 개선, 영문이름 정정 등 다양한 이유와 필요성 때문에 사명을 변경하는 기업들이 있다. 이러한 사명 변경을 하는 기업의 재무적 특성은 어떠할까에 대한 답을 찾고자 하는 것이 본 연구이다. 사명 변경에 대한 국내 연구는 매우 드물다. 일부 연구에서 사명 변경에 대한 증권시장의 반응에 대하여 분석한 경우가 있으며, 상호 변경이 영업성과에 미치는 영향을 검토한 적은 있다. 그러나 사명 변경 기업이 갖는 재무적 특성에 대한 연구는 전무한 실정이다. 본 연구는 사명 변경기업을 실험집단으로 하고 동종 산업내의 유사한 규모의 기업을 통제집단으로 하여 사명 변경 기업이 상대적으로 갖는 재무적 특성을 분석한다. 주요 재무적 특성으로는 수익성, 활동성, 유동성, 안전성, 성장성 등을 대상으로 하며, 각각의 특성 내에서 2-3개의 측정 변수를, 이론적인 토대하에 선정하여 그 특징을 분석한다.

  • PDF

Evaluation of Inverter DSM Program in KEPCO and Market Diffusion (인버터 DSM 프로그램 보급과 시장 전망)

  • Lee, Hak-Ju;Park, Jae-Duck;Kim, Yong-Jin;Yi, Sue-Muk
    • Proceedings of the KIEE Conference
    • /
    • 2006.07a
    • /
    • pp.370-371
    • /
    • 2006
  • The electric demand increase, financial need for new power plant constructions and environmental problem have led to search for more efficient energy Production and energy conservation technology. To minimize the construction of power plants and reduce total power consumption include installation of inverters to motors used for pumps and fans. However, the high price of inverters is the biggest obstacle to their wide use. Accordingly, to maximize the effect of energy saving by the expanded use of inverters, governmental economic support as ell as the analysis of energy saving effect. his paper presents he present state analysis of inverter DSM program and propose he improvement for activation of inverter DSM program.

  • PDF

Pattern Discovery by Genetic Algorithm in Syntactic Pattern Based Chart Analysis for Stock Market

  • Kim, Hyun-Soo
    • The Journal of Information Systems
    • /
    • v.3
    • /
    • pp.147-169
    • /
    • 1994
  • This paper present s a pattern generation scheme from financial charts. The patterns constitute knowledge which consists of patterns as the conditional part and the impact of the pattern as the conclusion part. The patterns in charts are represented in a syntactic approach. If the pattern elements and the impact of patterns are defined, the patterns are synthesized from simple to the more highly credible by evaluating each intermediate pattern from the instances. The overall process is divided into primitive discovery by Genetic Algorithms and pattern synthesis from the discovered primitives by the Syntactic Pattern-based Inductive Learning (SYNPLE) algorithm which we have developed. We have applied the scheme to a chart : the trend lines of stock price in daily base. The scheme can generate very credible patterns from training data sets.

  • PDF

Design and Implementation of an Application for Internet Banking (인터넷뱅킹을 위한 어플리케이션의 설계 및 구현)

  • 남철기;장길상
    • The Journal of Society for e-Business Studies
    • /
    • v.4 no.2
    • /
    • pp.95-113
    • /
    • 1999
  • Recently, Internet services are rapidly spreading all over the world. Internet will have a great influence on financial market and banking industry. Customers will obtain full banking services over Internet. Thus, Internet banking is an unavoidable choice to strengthen the competitive edge of banks. This paper designs and develops an application for Internet banking services in the existing banks. The implementation of Internet banking requires the construction of website, web pages and links to other related information. Using Oracle DBMS(Database Management System), Oracle Application Server, PL/SQL(Procedural Language/SQL), Java Applet, and Java Script, a prototype for Internet banking is implemented.

  • PDF

A Study on the Improvement of Export Risk Management in the Changing of Export Payment Methods (무역결제방식의 변화에 따른 수출보험제도의 개선방안에 관한 연구)

  • Kim, Byung-Hak;Gil-Jong, Hong
    • International Commerce and Information Review
    • /
    • v.8 no.3
    • /
    • pp.99-119
    • /
    • 2006
  • The recent trend in the payment terms of international trade shows the gradual shift toward more diversified payment methods (from L/C to not L/C) in order to cope with the increasingly dynamic international transactions in a more flexible manner. The reasons behind this recent shift are as follows : first, the global trade market is breaking away from the traditional L/C methods based on letters of credit toward a not L/C methods. nother reason for the changing trade payment methods is the increasing volume of intra transactions between headquarters and their foreign subsidiaries based on collection payment methods. Having mentioned the above problems that impede the Korean export insurance system, some suggestions can be put forward through a comparative analysis with foreign export insurance system. First, inducing private investments is one way of strengthening financial health of the KEIC. The KEIC also needs to diversify its insurance coverage adapting to the changing international trade environments.

  • PDF

Challenges for the Future LCD Industry

  • Kwon, Young-Soo
    • 한국정보디스플레이학회:학술대회논문집
    • /
    • 2008.10a
    • /
    • pp.3-3
    • /
    • 2008
  • The TFT-LCD industry has shown dramatic growth by making technological advances and satisfying consumer needs. It now stands at the heart of the display industry. However, the TFT-LCD market is maturing and is unlikely to sustain the fast pace of growth in years to come. There has been an oversupply in the LCD sector entering 2008 due to capacity expansion aimed at fueling growth coupled with softening demand amid the global economic slowdown and recent financial turmoil. The LCD industry has successfully coped with oversupply on several occasions. Each time, LCD makers faced up to the challenge and responded with a pioneering spirit. They continued to grow by turning crisis into opportunity. LG Display aims to create new markets by developing products based on innovative technology and providing more attractive products through a value-added product planning that incorporates consumer needs. Through a continuous cost innovation targeted at stimulating demand by making products more economical to consumers, we will be at the forefront of overcoming the current oversupply and sustaining robust growth for the TFT-LCD industry. Depending on our management of the situation, the current oversupply could prove to be an opportunity to create even bigger markets for the future.

  • PDF

A Study on the Relationships among the Leadership of Hotel Managers, Organizational Culture, and Business Performance (호텔 관리자의 리더십과 조직 문화, 경영 성과 간의 관계 연구)

  • Yang, Seung-Yong;Oh, Min-Jae;Shin, Jung-Ha
    • Culinary science and hospitality research
    • /
    • v.14 no.4
    • /
    • pp.292-305
    • /
    • 2008
  • This study examines the relationships among the leadership of hotel managers, organizational culture, and business performance with an empirical analysis. The results of analyzing various factors are as follows. Leadership can be divided into 'democratic leadership' and 'authority leadership'. Organizational culture can also be divided into 'adhocracy culture', 'clan culture', 'hierarchy culture', and 'market culture' while business performance into 'nonfinancial performance' and 'financial performance'. After that, canonical correlation analyses between leadership and organizational culture, organizational culture and business performance, and leadership and business performance were conducted.

  • PDF