• 제목/요약/키워드: Investment Type

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Agglomeration Effects and Foreign Direct Investment Location Choice: Cross-country Evidence from Asia

  • Choi, Paul Moon Sub;Chung, Chune Young;Lee, Kaun Y.;Liu, Chang
    • Journal of Korea Trade
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    • 제24권1호
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    • pp.35-58
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    • 2020
  • Purpose - This study examines the determinants of foreign direct investment (FDI) location choice for Chinese firms, focusing on the agglomeration effect for firms of the same nationality. Design/methodology - The empirical data are China's inward FDI from the top 19 economies (excluding tax havens and Taiwan) in terms of FDI during 1997-2015 and China's outward FDI from the top 18 economies (excluding tax havens). This study uses a random effects generalized least squares model for panel data analysis. Findings - The results confirm that both host countries' costs and market conditions and the degree of agglomeration affect these countries' attractiveness for FDI inflows. Specifically, agglomeration has a significant effect on China's inward and outward FDI. This study confirms that the agglomeration of firms of the same nationality has predictive power for multinational enterprises' FDI location choices. The host countries' real GDP and trade openness also positively affect FDI inflows. Interestingly, however, China's production cost has a positive effect. Thus, inward FDI aimed at entering the Chinese market is increasing in recent years relative to the previous efficiency-seeking FDI. Inward FDI in China is therefore the market-entry type, whereas outward FDI by Chinese firms is the market-oriented type. Originality/value - These results suggest that the effects of the potential determinants of Chinese outward FDI are similar to those of inward FDI as China's trade liberalization progresses.

연속적으로 투자가 이루어지는 보험상품 리스크 모형의 추가 연구 (Further study on the risk model with a continuous type investment)

  • 최승경;이의용
    • 응용통계연구
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    • 제31권6호
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    • pp.751-759
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    • 2018
  • Cho 등 (Communications for Statistical Applications and Methods, 23, 423-432, 2016)은 잉여금이 적정수준에 이르면 연속적으로 투자가 이루어지는 보험상품 리스크 모형을 소개하고, 잉여금 과정의 정상분포함수를 연구하였다. 본 논문에서는 잉여금이 적정수준을 넘어 또 다른 충분한 수준에 이르게 되면 추가로 즉시 투자가 이루어진다고 가정하고 기존의 연구를 확장한다. 잉여금 과정의 정상분포함수를 명확히 구하고, 보험청구액의 분포가 지수분포인 경우를 예제로 다룬다.

Analyses of Business Values from E-Commerce Adoption in SMEs : Public and Private Organizations in Tourism Industry

  • Cho, Nam-Jae;Joun, Hyo-Jae;Oh, Seung-Hee
    • Journal of Information Technology Applications and Management
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    • 제15권3호
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    • pp.27-41
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    • 2008
  • This paper examines the relationship between IT investment and the improvement of efficiency from the perspective of organizational contingency by the type of organizations and their maturity in IT use in terms of their history of e-commerce use. Organizations are divided into private and public in nature, and into experienced and inexperienced in e-commerce. An analysis was performed on data from 286 organizations in tourism industry. Comparison among the four groups showed differences in competitive and operational efficiency.

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정밀주조 Hastelloy C-276 합금의 미세조직과 기계적 성질에 미치는 W 함량과 열처리의 영향 (Effect of Tungsten Contents and Heat Treatment on the Microstructures and Mechanical Properties of Hastelloy C-276 Alloy Investment Castings)

  • 유병기;박흥일;배차헌;김성규;정해용
    • 한국주조공학회지
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    • 제37권1호
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    • pp.21-29
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    • 2017
  • The effects of W content and heat treatment on the microstructure and mechanical properties of Hastelloy C-276 alloy investment castings were discussed. As the W content was increased, dendritic microstructure was refined and network type precipitate formed during solidification was distributed on the dendritic grain boundaries. Cr, Fe and Mn were highly segregated in the Ni-based dendrite matrix, and Mo, W, C and Si were in the precipitates. Due to the heat treatment, fine granular and flake precipitates were newly formed in the matrix, and unresolved network type precipitates remained on the grain boundary. The network type precipitates and the granular and flake precipitates formed by heat treatment were confirmed to be ${\mu}$ phase intermetallic compounds with similar compositions. Due to the increase of the W content and the heat treatment, hardness and tensile strength were significantly increased. However, tensile strength after aging treatment was decreased with the W content. These results can be explained in that brittle fracturing by the unresolved network type precipitates dispersed in the grain boundary was predominant over ductile fracturing by the dimple ruptures originating from the fine granular precipitates in the matrix.

도로비탈면 투자우선순위 결정에 관한 연구 (Analysis of Priority Investments for Preventing Roadside Slope Failures)

  • 김승현;김홍균;옥영석;이종현;구호본
    • 지질공학
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    • 제23권3호
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    • pp.257-269
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    • 2013
  • 산사태나 비탈면 재해를 예방하기 위해서는 적절한 계획을 수립하여야 하며, 국가의 한정된 예산을 고려했을 때 체계적인 투자 계획이 마련되어야 한다. 국도 도로비탈면의 체계적인 관리와 합리적 투자 계획 수립을 위하여 위험도와 예상피해도를 고려하여 투자우선순위를 산출하였다. 투자우선순위에서 위험도 결정의 주요인자는 경사, 토질, RMR, 안정석해석, 불연속면 종류, 붕괴이력이며, 피해도는 교통량과 차선수, 평균차량위험도를 고려하여 결정하였다. 강원도 영서지방 392개소 비탈면에 대한 투자우선순위 산출 및 회귀분석 결과, 붕괴가 발생된 비탈면의 투자우선순위가 높은 것으로 확인되며, 위험구간비가 높은 비탈면, 계곡부가 존재하는 비탈면이 높은 투자우선순위를 차지하는 것으로 확인된다.

과학기술적 성과 관점에서 정부 R&D사업 효율성 분석에 관한 연구 (The Study on the Analysis of Efficiency of Governmental R&D Programs Regarding to the S&T Outcomes)

  • 박석종;김경화;정상기
    • 기술혁신학회지
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    • 제14권2호
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    • pp.205-222
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    • 2011
  • 정부는 기술혁신을 통한 경제성장을 견인하기 위하여 R&D 투자를 지속적으로 증가시키고 있다. 따라서, 정부 연구개발 집약도는 매우 큰 폭으로 증가되고 있으나 절대규모에 있어서는 선진국에 비해 여전히 적은 재원을 보유하고 있다. 또한, 연구개발 정책방향이 기술추격형에서 기술선도형으로 전환되고 있어, 공공 R&D 재원의 효율적 활용에 대한 관심도 매우 증가하고 있다. 이에, R&D 효율성을 측정하고 효율성에 영향을 미치는 요인을 분석하기 위한 다각적인 시도가 행해지고 있다. 본 연구에서는 NTIS(국가과학기술지식정보서비스)의 과학기술 투자 및 성과 데이타를 활용, 자료포락분석(DEA)을 이용하여 논문, 특허 등 과학기술적 성과관점에서 정부 순수R&D사업의 효율성을 측정하였다. 더 나아가서, 효율성에 영향을 미치는 배분특성을 규명해 보고자 통계적 유의성 확보가 어려운 데이터 문제들을 보완할 수 있는 비모수 분석 방법인 Mann-Whitney 검정을 활용하였다.

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The Effect of Information Technology on Arms-Length Buyer-Supplier Relationship

  • Kim, Soo-W.
    • International Journal of Quality Innovation
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    • 제9권3호
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    • pp.57-69
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    • 2008
  • This paper posits that arm's length buyer-supplier relationship as the intermediate type between market exchange relations and strategic partnership might be advisable, and information technology may have a role as a mechanism actualizing the effects of such arm's length relationship by strategic supply-line diversification. Based on the theoretical analysis on interactive feedback relationships among IT level, buyer-supplier relationships, and supply chain structure, we suggest a set of advisable buyer-supplier relationship type for efficient supply chain management. Also, doing so would be helpful in suggesting a dynamic IT investment and adoption model appropriate for the establishment of productive buyer-supplier relationship, and further in providing theoretical foundations and practical guidelines on the role and function of B-to-B E-commerce for efficient SC integration.

Modeling of Bank Asset Management System based on Intelligent Agent

  • Kim, Dae-Su;Kim, Chang-Suk
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • 제1권1호
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    • pp.81-86
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    • 2001
  • In this paper, we investigated the modeling of Bank Asset Management System(BAME) based on intelligent agent. To achieve this goal, we introduced several kinds of agents that show intelligent features. BAMS is a user friendly system and adopts fuzzy converting system and fuzzy matching system that returns reasonable similarity matching results. Generation function of the proximity degree is suggested. Fuzzification of investment type categories and feature values are defined, and generation of proximity degree is also derived. An example of bank asset management system is introduced and simulated. Investment type matching utilizing fuzzy measure is tested and it showed quite reasonable similarity matching results.

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The Criteria, Procedure, and Classification of Traffic-Sensitive and Non-Traffic-Sensitive Components: A Case of CDMA Mobile System

  • Kim, Moon-Soo
    • ETRI Journal
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    • 제28권6호
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    • pp.777-786
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    • 2006
  • Since the introduction of competition in the telecommunication market due to the growth of the interconnection between heterogeneous networks, particularly fixed and mobile networks, the interconnection charge based on traffic-sensitive (TS) and non-traffic-sensitive (NTS) costs has become more important. Although there have been many studies of the public switched telephone network (PSTN), previous studies of TS and NTS costs in mobile networks are very few. In this paper, as a pilot study, we propose three criteria and a procedure for the classification of TS and NTS costs based on mobile systems. The three criteria are the following: function type, investment requirement, and main exhaust driver. Moreover, for a CDMA mobile system, strongly TS, strongly NTS, and mixed components are classified by the proposed criteria and procedure. The proposed criteria, procedure, and classification can provide a systematic and useful guideline to decide the scope of mobile facilities and to determine the terminating cost on mobile networks from fixed networks.

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OPTIMAL CONSUMPTION/INVESTMENT AND LIFE INSURANCE WITH REGIME-SWITCHING FINANCIAL MARKET PARAMETERS

  • LEE, SANG IL;SHIM, GYOOCHEOL
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • 제19권4호
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    • pp.429-441
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    • 2015
  • We study optimal consumption/investment and life insurance purchase rules for a wage earner with mortality risk under regime-switching financial market conditions, in a continuous time-horizon. We apply the Markov chain approximation method and suggest an efficient algorithm using parallel computing to solve the simultaneous Hamilton-Jaccobi-Bellman equations arising from the optimization problem. We provide numerical results under the utility functions of the constant relative risk aversion type, with which we illustrate the effects of regime switching on the optimal policies by comparing them with those in the absence of regime switching.