• 제목/요약/키워드: High-Frequency Financial Data

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고등학생 자녀를 둔 가정의 과외학습비 지출에 따른 재정문제 (The Household Financial Problem by Extracurricular Lesson Expenses of High School Student)

  • 윤성인;임정빈
    • 가족자원경영과 정책
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    • 제3권1호
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    • pp.105-121
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    • 1999
  • The major purpose of this study is to examine the effect of the extracurricular lesson expenses on the Burden of Household Expenditure. The data are collected from 537 housewives with a child aged 18(2nd grade in high school) in Seoul. The statistics used for the data analysis are frequency, percentage, crosstables, one way ANOVA, and multiple regression. The statistic softwear used for this study is SPSS. The Result on a base of empirical analyses follow: 1. Respondentg’s expenditure on extracurricular lesson fees is about 430,000 won per month, which is about 28% of the living cost. 2. There are four types of the methods preparing extracurricular lesson fees: ‘Frugal Type’, ‘Excess Type’, ‘Composit Type’, ‘Self-supportable Type’. 3. Region, the living cost, sex of children, net worth, and the mother’s education show statistically significant effect on the extracutticular lesson expenses. 4. The regression analyses incicate that Burden of Household Expenditure increased by 1.9 point according to 1% increase in expenditure on extracurridular lesson fees. The higher budget share of expenditure on extracurricular fees, the higher level of Burden of Household Expenditure.

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양산대학생들의 음주행동에 관한 조사연구(I) (A Study of Drinking Behavior among Students at Yangsan College)

  • 신애숙;우문호
    • 한국식생활문화학회지
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    • 제14권2호
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    • pp.131-137
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    • 1999
  • The purpose of this study is to investigate the drinking patterns and behaviors of Yangsan College students. Data were collected by a self-administered survey from the subjects, of which male students were 336 and female 165. The results of this study were as follows: 1. With regard to attitude toward drinking, 93.1% of the male subjects and 84.3% female subjects reported to have favor for drinking while only 9.3% of the subjects against drinking. 2. Those who reported to have at least a drink everyday were 13.3% of the subjects. For drinking frequency subjects who reported once in two or three day were most popular(21.9%). The frequency of drinking alcohol was associated positively with amount of discretionary money the students have. 3. For amount of drinking, 42.5% of subjects responded that they were able to drink soju at least one bottle per occasion. Data showed a high positive correlation between drinking frequency and financial costs they spent to drink. 4. The reasons subjects gave to drink included social gatherings after school or student activities (40.1%), change of mood(16.5%), and personal cerebration(16.5%). 5. The most popular place for the subject to go for a drink was neighborhood pubs(43.5%), followed by bar or pubs at downtown(28.3%) and nearby campus(12.2%).

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Wavelet Thresholding Techniques to Support Multi-Scale Decomposition for Financial Forecasting Systems

  • Shin, Taeksoo;Han, Ingoo
    • 한국데이타베이스학회:학술대회논문집
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    • 한국데이타베이스학회 1999년도 춘계공동학술대회: 지식경영과 지식공학
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    • pp.175-186
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    • 1999
  • Detecting the features of significant patterns from their own historical data is so much crucial to good performance specially in time-series forecasting. Recently, a new data filtering method (or multi-scale decomposition) such as wavelet analysis is considered more useful for handling the time-series that contain strong quasi-cyclical components than other methods. The reason is that wavelet analysis theoretically makes much better local information according to different time intervals from the filtered data. Wavelets can process information effectively at different scales. This implies inherent support fer multiresolution analysis, which correlates with time series that exhibit self-similar behavior across different time scales. The specific local properties of wavelets can for example be particularly useful to describe signals with sharp spiky, discontinuous or fractal structure in financial markets based on chaos theory and also allows the removal of noise-dependent high frequencies, while conserving the signal bearing high frequency terms of the signal. To date, the existing studies related to wavelet analysis are increasingly being applied to many different fields. In this study, we focus on several wavelet thresholding criteria or techniques to support multi-signal decomposition methods for financial time series forecasting and apply to forecast Korean Won / U.S. Dollar currency market as a case study. One of the most important problems that has to be solved with the application of the filtering is the correct choice of the filter types and the filter parameters. If the threshold is too small or too large then the wavelet shrinkage estimator will tend to overfit or underfit the data. It is often selected arbitrarily or by adopting a certain theoretical or statistical criteria. Recently, new and versatile techniques have been introduced related to that problem. Our study is to analyze thresholding or filtering methods based on wavelet analysis that use multi-signal decomposition algorithms within the neural network architectures specially in complex financial markets. Secondly, through the comparison with different filtering techniques' results we introduce the present different filtering criteria of wavelet analysis to support the neural network learning optimization and analyze the critical issues related to the optimal filter design problems in wavelet analysis. That is, those issues include finding the optimal filter parameter to extract significant input features for the forecasting model. Finally, from existing theory or experimental viewpoint concerning the criteria of wavelets thresholding parameters we propose the design of the optimal wavelet for representing a given signal useful in forecasting models, specially a well known neural network models.

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Wavelet Thresholding Techniques to Support Multi-Scale Decomposition for Financial Forecasting Systems

  • Shin, Taek-Soo;Han, In-Goo
    • 한국지능정보시스템학회:학술대회논문집
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    • 한국지능정보시스템학회 1999년도 춘계공동학술대회-지식경영과 지식공학
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    • pp.175-186
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    • 1999
  • Detecting the features of significant patterns from their own historical data is so much crucial to good performance specially in time-series forecasting. Recently, a new data filtering method (or multi-scale decomposition) such as wavelet analysis is considered more useful for handling the time-series that contain strong quasi-cyclical components than other methods. The reason is that wavelet analysis theoretically makes much better local information according to different time intervals from the filtered data. Wavelets can process information effectively at different scales. This implies inherent support for multiresolution analysis, which correlates with time series that exhibit self-similar behavior across different time scales. The specific local properties of wavelets can for example be particularly useful to describe signals with sharp spiky, discontinuous or fractal structure in financial markets based on chaos theory and also allows the removal of noise-dependent high frequencies, while conserving the signal bearing high frequency terms of the signal. To data, the existing studies related to wavelet analysis are increasingly being applied to many different fields. In this study, we focus on several wavelet thresholding criteria or techniques to support multi-signal decomposition methods for financial time series forecasting and apply to forecast Korean Won / U.S. Dollar currency market as a case study. One of the most important problems that has to be solved with the application of the filtering is the correct choice of the filter types and the filter parameters. If the threshold is too small or too large then the wavelet shrinkage estimator will tend to overfit or underfit the data. It is often selected arbitrarily or by adopting a certain theoretical or statistical criteria. Recently, new and versatile techniques have been introduced related to that problem. Our study is to analyze thresholding or filtering methods based on wavelet analysis that use multi-signal decomposition algorithms within the neural network architectures specially in complex financial markets. Secondly, through the comparison with different filtering techniques results we introduce the present different filtering criteria of wavelet analysis to support the neural network learning optimization and analyze the critical issues related to the optimal filter design problems in wavelet analysis. That is, those issues include finding the optimal filter parameter to extract significant input features for the forecasting model. Finally, from existing theory or experimental viewpoint concerning the criteria of wavelets thresholding parameters we propose the design of the optimal wavelet for representing a given signal useful in forecasting models, specially a well known neural network models.

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Fiscal Causal Hypotheses and Panel Cointegration Analysis for Sustainable Economic Growth in ASEAN

  • MARIMUTHU, Maran;KHAN, Hanana;BANGASH, Romana
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.99-109
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    • 2021
  • This study aims to examine the causal links between the fiscal components, i.e., government expenditures (GE) and government revenues (GR), and their impact on the economic growth of the Association of Southeast Asian Nations (ASEAN) region. This analysis considered secondary panel data from 1990 to 2019 at an annual frequency. The data is obtained from the Asian Development Bank (ADB) and World Bank Database. A panel cointegration and panel DH causality (Dumitrescu and Hurlin) approach was employed on financial data at an annual frequency from 1990 to 2019. The findings from panel unit root and panel cointegration tests demonstrate that, at first, all the variables are stationary and cointegrated. The panel ARDL disclosed that GE has a long-run connection with GDP, is significantly and positively associated with economic growth in the long run, whereas GR is significant in the short run. The contribution of GE is high in sustaining economic growth as compared to GR. Also, cointegration regression disclosed that GE is more sensitive toward GDP, while GR is less elastic. Lastly, the findings reveal that bidirectional causality exists between GE and GR variables. These results have policy implications for sustainable economic growth in the ASEAN region.

은퇴노인가계와 취업노인가계의 소득, 지출 및 자산의 비교분석 (The comparative analysis of income, expenditure and asset between retired elderly households and employed elderly households)

  • 김연정
    • 대한가정학회지
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    • 제36권7호
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    • pp.57-67
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    • 1998
  • This study was to compare the financial status between elderly households - retired vs employed. The sample obtained from 1994 KHPS, and consisted of 628 Korean aged households who are currently married. Statistics employed to analyze the data are mean, frequency, percentile, t-test, and relative-ratio. The results of this study were as follows ; In income sources, earned income was majority of employed households, but the percent of unearned income was greater than retired households. While the percent of cloth, education, recreation expenditures were high in employed, and medical, housing expenditures wee high percentage in retired. The percentage of real asset(housing) was majority of total asset in two groups. And the percentage of safe liquid asset of retired households was relatively higher than employed households.

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디지털 경제 시대의 조직문화 유형에 따른 경영전략 및 경영성과에 관한 연구 (A Study on Management Strategies and Management Performance According to Organizational Culture Types in the Digital Economy Era)

  • 이상호;조광문
    • 사물인터넷융복합논문지
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    • 제8권4호
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    • pp.85-96
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    • 2022
  • 본 연구 목적은 디지털 경제 시대에 요구되는 경영전략과 조직문화가 경영성과에 어떠한 영향이 있는지를 규명하였다. 디지털 선도국가로 접근하는데 필요한 경영전략과 조직문화에 대한 기초 자료를 제공하였다. 자료수집은 2022년 3월 1일부터 5월 30일까지 J도에 소재하며 디지털 경제에 관련된 산업을 하고 있는 기업을 대상으로 설문조사를 실시하였다. 설문조사는 온라인 비대면 조사를 진행하였고, 총 225개의 기업이 조사에 참여하였다. 통계분석은 빈도분석, 탐색적 요인분석 및 신뢰도 분석, 군집분석, 독립표본 t-test, 다중회귀분석을 실시하였다. 연구결과는 다음과 같다. 첫째, 조직문화는 혁신지향, 관계지향, 과업지향, 위계지향에서 선호도에 따라 높은 집단과 낮은 집단으로 분류되었다. 둘째, 조직문화 4가지 유형은 선호도에 따라 공격형 전략, 분석형 전략, 방어형 전략, 차별화 전략, 원가우위 전략, 재무성과, 비재무성과에서 차이가 나타났다. 셋째, 재무성과에 미치는 경영전략은 분석형 전략, 차별화 전략, 공격형 전략, 원가우위 전략으로 나타났다. 넷째, 비재무성과에 미치는 경영전략은 차별화 전략, 방어형 전략, 분석형 전략, 공격형 전략, 원가우위 전략, 집중화 전략으로 나타났다. 다섯째, 재무성과에 미치는 조직문화는 과업지향으로 나타났다. 여섯째, 비재무성과에 미치는 조직문화는 혁신지향, 관계지향으로 나타났다. 이러한 연구를 통하여 국내 시장에서는 경기가 활성화 되고, 글로벌 시장에서는 새롭게 도약할 수 있는 성장 생태계가 조성되길 기대한다.

The Effect of Trade Openness on Foreign Direct Investment in Vietnam

  • LIEN, Nguyen Thi Kim
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.111-118
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    • 2021
  • The purpose of this paper is to study the impact of trade openness on foreign direct investment (FDI) inflows into Vietnam, an emerging country with relatively high trade openness in recent years. The study used the vector autoregression (VAR) model to examine the impact of trade openness on FDI in Vietnam, in the period from 2005 to 2019. The research data are time-series data, with quarterly frequency, from 2005:Q4 to 2019:Q3. The FDI data were collected by International Financial Statistics. The data of trade openness were calculated based on Vietnam's export, import, and GDP data collected by the General Statistics Office of Vietnam. The estimated result shows that the trade openness has a positive effect on FDI. The current FDI is heavily influenced by FDI in the past with an average explanation of 74%. The main findings indicate that trade openness has a positive effect on FDI inflows into Vietnam. The findings also show that FDI in Vietnam is significantly affected by the shocks of the FDI itself in the past. The findings of the study suggest the Vietnamese Government improves the quality of trade openness and FDI, continues and maintains economic relations with other countries to increase trade openness.

Application of tuned liquid dampers in controlling the torsional vibration of high rise buildings

  • Ross, Andrew S.;El Damatty, Ashraf A.;El Ansary, Ayman M.
    • Wind and Structures
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    • 제21권5호
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    • pp.537-564
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    • 2015
  • Excessive motions in buildings cause occupants to become uncomfortable and nervous. This is particularly detrimental to the tenants and ultimately the owner of the building, with respect to financial considerations. Serviceability issues, such as excessive accelerations and inter-story drifts, are more prevalent today due to advancements in the structural systems, strength of materials, and design practices. These factors allow buildings to be taller, lighter, and more flexible, thereby exacerbating the impact of dynamic responses. There is a growing need for innovative and effective techniques to reduce the serviceability responses of these tall buildings. The current study considers a case study of a real building to show the effectiveness and robustness of the TLD in reducing the coupled lateral-torsional motion of this high-rise building under wind loading. Three unique multi-modal TLD systems are designed specifically to mitigate the torsional response of the building. A procedure is developed to analyze a structure-TLD system using High Frequency Force Balance (HFFB) test data from the Boundary Layer Wind Tunnel Laboratory (BLWTL) at the University of Western Ontario. The effectiveness of the unique TLD systems is investigated. In addition, a parametric study is conducted to determine the robustness of the systems in reducing the serviceability responses. Three practical parameters are varied to investigate the robustness of the TLD system: the height of water inside the tanks, the amplitude modification factor, and the structural modal frequencies.

Antecedents and Consequence of Governance Characteristics, Earnings Management, and Company Performance: An Empirical Study in Iraq

  • AHMED, Mohammed Ghanim;GANESAN, Yuvaraj;HASHIM, Fathyah
    • The Journal of Asian Finance, Economics and Business
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    • 제8권8호
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    • pp.57-66
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    • 2021
  • The outbreak of the financial crisis, the lack of corporate governance practices in Iraqi companies, the high level of earnings management (EM), and weak firm performance (FP) have all encouraged the purpose of this study. This study proposes to achieve the following objectives: (I) to investigate the influence of governance mechanisms on the earnings management practices, (II) to investigate the consequence of EM on FP. The study sample includes 65 Iraqi firms listed on the Iraqi stock exchange for six years from 2012 to 2018, with 390 firm-year observations. The hypotheses were tested using panel data regression. According to the findings, Iraqi companies prefer to use real EM rather than accruals EM to avoid reporting losses. Discretionary cash flow, production costs, and cash flow from operation are examples of actual operations employed to undertake EM. Furthermore, according to the findings of this study, board meeting frequency and female onboard have a significant and negative influence on EM. Besides, the internal audit function was found not to affect EM. On the other hand, results revealed a significant and negative relationship between EM and FP. According to the study, management prefers to minimize cash and accrual expenditure during the economic downturn.