• Journal of Digital Convergence
• /
• v.15 no.11
• /
• pp.221-229
• /
• 2017

The purpose of this study is to find out ways to enhance corporate value by using more efficient use of non-reflux Income which is commonly considered in existing corporate income tax refund and newly introduced investment and mutual aid promotion tax. Specifically, we analyzed the effect of income tax return income and income tax return on wages and fixed - asset investments, which are commonly considered in the two tax systems, on firm value. As a result of the analysis, it was confirmed that short-term internal reserves and income reflux activities had a negative impact on firm value, and long-term internal reserves and income reflux return had positive effects on firm value. It is recommended not to formulate uniform criteria such as the ratio of income refund activity to the contents of tax, but to apply the tax refund to the internal taxation system and the taxable income source.

• International Commerce and Information Review
• /
• v.15 no.2
• /
• pp.25-47
• /
• 2013

In China, the commercial bank credit financing is the most important external financing channel for SMEs. However, the lack of credit guarantee significantly deters commercial banks to finance SMEs. which may generate a negative impact on the trade activities of SME in China. In this paper we examine the risk of credit guarantee for SMEs financing and the factors affecting this risk through a VAR (Value-at-Risk) model. Our analysis shows that the scale of enterprises' impact on the VAR (risk of financing guarantee) is not much relevant. We also find that the certainty of financing for SMEs, such as the fixed asset ratio, has a significant and negative effect on the VAR of Chinese credit guarantee institutions. The product uniqueness is positively correlated with the VAR, and operation risk is also positively related to the credit risk of Chinese credit guarantee institutions.

• Journal of the Institute of Electronics Engineers of Korea CI
• /
• v.41 no.6
• /
• pp.13-22
• /
• 2004

This study proposes a risk analysis methodology for information system security management in which the complexity on the procedure that the existing risk analysis methodology is reduced to the least. The proposed risk analysis methodology is composed of 3 phases as follows: beforehand processing phase, counter measure setting phase, post processing phase. The basic risk analysis phase is a basic security management phase in which fixed items are checked when the information security system is not yet established or a means for the minimum security control is necessary for a short period of time. In the detailed risk analysis phase, elements of asset a vulnerability, and threat are analysed, and using a risk degree production table produced from these elements, the risk degree is classified into 13 cases. In regard to the risk, the 13 types of risk degree will execute physical, administrative, and technical measures through ways such as accepting, rejecting, reducing, and transferring. Also, an evaluation on a remaining risk of information system is performed through a penetration test, and security policy set up and post management phase is to be carried out.

• Journal of the Institute of Electronics Engineers of Korea SC
• /
• v.47 no.2
• /
• pp.1-7
• /
• 2010

This paper presents empirical equations indicating the high frequency performance characteristics of air-cored induction coil sensors with their constructional parameters. An air-cored induction coil sensor is widely used due to good linearity at low frequency ranges but the sensor has weakness of relatively low sensitivity to the magnetic field. At high frequency ranges, the sensitivity can be dramatically increased, largely depending on the frequency of the injected field, and this property can be a great asset to some electromagnetic inspections, since they utilize the interrogating current with a fixed frequency. The application of this property of the coil sensor requires the estimation of its high frequency performance. We made experiments on the frequency responses of the coil sensors under diverse constructional conditions and, on the basis of the experimental results, the high frequency performance, such as the resonant frequency and the sensitivity at the frequency, was estimated, as a function of the constructional parameters of the coil sensor. The good agreements between experimental and estimated data were reported.

• Journal of Biosystems Engineering
• /
• v.22 no.4
• /
• pp.439-450
• /
• 1997

Most of Korean feed mill has a pregrind system which was suitable for the processing of less number of ingredients and finished products, and good for the mash type feed product. But industries has been changed in production volume and cost, and also from mash to further processed products such as pelleted and extruded. Therefore, Korea feed industries now should change the process, especially the grinding system from the current pregrind to other grind system, but this change will cost a lot of investment and also loosing current grinding system, and should have production shut down during the construction period. To solve these problems, combined grinding system based on a new model mill has been developed. The combined grind system is combination of pregrind and postgrind system, which has the advantages of those two grind systems, and also which can allow to utilize existing pregrind system continuously without any production interruption due to new postgrind system construction. This newly developed model has been applied to the feed mill expansion project of `B`feed company in 1994, and it was very successful application and showed excellent results as we intended. The new model mill, combined grind system applied can save fixed asset investment because old pregrind system can be used as is, and also can reduce production cost and improve product quality. And the possibility of critical production shut down can be much lowered. Within this new grinding model development, multi-screen combination system has been developed for the better grinding texture quality and safer operation. This new model mill with combined grind system will be applied by most feed manufacturing plant and may enhance their production competitiveness, and the further study and development should be continued.

• Journal of the Korean Data and Information Science Society
• /
• v.22 no.2
• /
• pp.137-148
• /
• 2011

In this paper, we systematically investigate regional differences of the dead due to injuries in cities, towns and counties about transportation accidents, suicides and fall accidents, which have recently been an important issue of health problems in Korea, The data are from the Annual Report on the Cause of Death Statistics in Korea in 2008. They include the deaths over the age 19 from transportation accidents, suicides and fall accidents with the criterion of the International Statistical Classification of Diseases. Poisson HGLM is applied to estimate the mortality rate under the assumption that the number of deaths follow a Poisson distribution, by considering regions as random effects and by adjusting age, sex and standardized residence tax as fixed effects. Using the results of random effects prediction, the regional differences in cities, counties and towns are marked in disease mapping. The results showed that there were significant regional differences of mortality rates for transportation accidents and suicides, but no significant differences for fall accidents.

• The Journal of Korean Institute of Communications and Information Sciences
• /
• v.36 no.12A
• /
• pp.966-974
• /
• 2011

In this paper, we propose an asset tracking system for applying a container port environment. If we attempt to apply this common locating system to a port environment for logistics automation, the system performance is degraded because there are many steel obstacles that cause interference in the RF communication and measurement. We divided readers into two types - fixed and mobile readers; hence, the location method operates in two steps for efficient wireless communication and precise measurement. In addition, the system estimates the location with trajectory information of assets when the small number of measurement is gathered. We implemented all the system components and installed these at a real port for evaluation. The success rate of communication and estimation is much better than that of the existing general locating system, and the location precision is substantially increased.

• Health Policy and Management
• /
• v.29 no.1
• /
• pp.27-39
• /
• 2019

Background: This study is designed to estimate the factors that affect the level of three different performance (publicity, efficiency, profitability) among regional public hospitals. Methods: The units of analysis are the regional 30 hospitals, which have the operating data during 22 years (from 1933 to 2014). The research method is used by fixed panel analysis. The publicity is measured by medicaid outpatient proportion and medicaid inpatient proportion. The efficiency is measured by two types of efficient score by DEA (data envelopment analysis). The profitability is measured by medical income to medical revenue and ROA (return on total asset). Results: At first, the increase of bed gives negative affect to the publicity but give positive effect to the efficiency and profitability. Because it means the increase of the region population, it gives more profitability compare to hospital with small number of beds. The more the operating period is the higher effect to the publicity and efficiency because of it's refutation. The debt ratio gives negative effect to publicity, but positive effect to profitability. It is the normal belief that there is inverse relationship between publicity and profitability. The turnover rate of bed gives the negative affect to the publicity, but positive affect to the efficiency and profitability. That give us the implication that type of the inpatient make different effect the hospital performance. The ratio of labor cost give negative effect to all kind of performance. That means that the higher labor cost don't mean the higher publicity and labor cost control is very important factors to hospital performance. So the region hospital have to focus the labor factors more to make higher performance. Conclusion: As the conclusion, the independent variables give similar effect to the efficiency and the profitability, but give inverse effect to the publicity. That means that if an region hospital want to make the more publicity, it loss the higher efficiency and profitability. Specially publicity is higher negative relation with the profitability.

• Asia-Pacific Journal of Business
• /
• v.14 no.4
• /
• pp.431-444
• /
• 2023

Purpose - This study applies the traditional Structure-Conduct-Performance (SCP) model from industrial organization theory to investigate the relationship between market structure and performance in China's banking industry. Design/methodology/approach - For analysis, financial data from the People's Bank of China's "China Financial Stability Report" and financial reports of 6 state-owned banks and 11 joint-stock banks for the period 2010 to 2021 were collected to create a balanced panel dataset. The study employs panel fixed-effects regression analysis to assess the impact of changes in market structure and ownership structure on performance variables including return on asset, profitability, costs, and non-performing loan ratios. Findings - Empirical findings highlight significant differences in the effects of market structure between state-owned and joint-stock banks. Notably, increased market competition positively correlates with higher profits for state-owned banks and with lower costs for joint-stock banks. Research implications or Originality - State-owned banks demonstrate larger scale and stability, yet they struggle to respond effectively to market shifts. Conversely, joint-stock banks face challenges in raising profitability against competitive pressures. Additionally, the study emphasizes the importance for Chinese banks to strengthen risk management due to the increase of non-performing loans with competition. The results provide insights into reform policies for Chinese banks regarding the involvement of private sector in the context of market liberalization process in China.

• The Journal of the Korea Contents Association
• /
• v.14 no.12
• /
• pp.973-988
• /
• 2014

This study investigated one of the contemporary issues in the Korean capital market and two hypotheses of concern were tested on the financial determinants of profitability for the firms belonging to the Korean chaebols during the era of the post-global financial turmoil. The first hypothesis applying conditional quantile regression (CQR) estimation provided the evidence that leverage ratio, fixed asset utilization, and foreign ownership among the nine quantitative explanatory variables, had overall statistical significance relative to the book-valued profitability measure, while additional variables such as a firm's size, fixed and a proxy for the type of exchange market showed their strong impacts on the market-valued profitability indicator. Concerning the formulated 'extended' DuPont system, only two components of EBITDAEBIT and EMULTIPLIER revealed their prominent influence on ROE (Return on Equity) over the two tested periods (the years 2008 and 2012).