• 제목/요약/키워드: Securities

검색결과 441건 처리시간 0.025초

금융산업에서 IT투자와 경영성과의 상관관계에 관한 실증적 연구 (An Empirical Study on the Correlation of IT Investment and Management Performance in the Financial Industry)

  • 박상국;김종배
    • 한국IT서비스학회지
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    • 제11권3호
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    • pp.89-101
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    • 2012
  • The study investigated if IT investment in Korean financial markets for the past 18 years has grown following the s-curve pattern based on Nolan's growth model in order to find the correlation between IT investment and management performance in the financial industry. According to the research finding it can be said that the overall financial markets maintain s-curve pattern, and IT investment is related to management performance, particularly increase in total assets and net profit. However, each sector has defining features of growth patterns. The banking industry has grown similarly to the s-curve, and the insurance industry also shows the s-curve but it looks more like linear pattern. In terms of securities industry, its growth patterns can hardly be considered s-curve due to the irregular changes. his research outcome illustrates the analysis of IT growth patterns in the financial industry and thus, it is expected to be a useful reference when deciding the appropriate time for IT investment in the financial industry.

파생 금융 상품의 가격 결정을 위한 인공 신경망 기법의 이용 (Pricing of Derivative Securities Using Artificial Neural Network)

  • 조희연;양진설
    • 지능정보연구
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    • 제3권1호
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    • pp.1-12
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    • 1997
  • 파생금융상품이란 주식이나 채권과 같은 기준자산에 대해서 발행되는 2차 금융상품으로써 기존의 재무이론에서는 수리적 모형에 기반을 둔 가격결정모형을 이용하여 가치를 평가하였다. 그러나 이러한 전통적인 가격결정모형은 복잡한 현실세계를 단순화시키기 위한 제반 가정을 요구하기 때문에 이러한 가정이 현실에 부적합한 경우에는 모형가격이 실제가격으로부터 커다란 괴리를 갖게 된다. 본 연구에서는 전통적인 가격결정방법의 단점을 극복할 수 있는 자료 의존적인 인공신경망기법을 제시하고 대표적인 파생금융상품인 국내 전환사채의 가격결정에 적용해 봄으로써 그 가능성을 제시하였다. 인공신경망기법을 전환사채의 가격결정에 적용한 결과 전통적 가격결정방법에 비해 평균절대오차를 70%정도 줄일 수 있다.

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고급해기사의 효율적 양성 및 관리방안 연구 (A Study on the Efficient Education and Management of Merchant Marine Officers)

  • 이규성
    • 한국항해학회지
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    • 제23권1호
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    • pp.45-64
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    • 1999
  • With the advent of the 21th century, Korea surrounded by the three sides of the sea has been underlining the fact that it will become one of the strongest maritime powers near future as ever in the past. The study shows that in order to build up Korea as a powerful maritime country, not only should we urge its government to take more in-depth political interest in the field of the shipping industry, but the effective training and the managing program for sea-farers employing in th forefront of the shipping business(as the centric panel of the competent merchant marine officers) also have to be taken into a sufficient consideration. According to the large scale, higher speed and automatization of vessels, a number of seamen who have so well-workable brain as to dexterously operate the up-dated scientific equipments have come into be demanded. This study therefore has not only suggested that an improvement for the system of the education for merchant marine officers and the effective scheme of the management on them, but especially underlined the problems of seamen' and their families' economic and social securities as well.

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웹기반 통합커뮤니케이션 시스템 구현 (Implementation of Unified Communication system by web based)

  • 민병원;오용선;임수남
    • 한국콘텐츠학회:학술대회논문집
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    • 한국콘텐츠학회 2009년도 춘계 종합학술대회 논문집
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    • pp.802-806
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    • 2009
  • 제안된 시스템의 통합커뮤니케이션 모듈과 기존의 커뮤니케이션 관련 모듈 결합을 하면 제품의 성능 및 품질에서 MS, ADOBE 등 굴지의 외국기업 제품의 품질 보다 우수한 수준이 제품의 공급이 가능하고, 순수 국내 기술에 의해 개발된 제품으로 탁월한 가격 경쟁력을 확보 및 수입대체 효과가 있을 것으로 예상 된다.

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센서 네트워크에서의 RSS(Received Signal Strength)를 이용한 향상된 멀티-홉 라우팅 프로토콜 (Enhanced Multi-Hop Routing Protocol using RSS in Sensor Network)

  • 이민구;강정훈;유준재;윤명현
    • 대한전기학회:학술대회논문집
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    • 대한전기학회 2005년도 심포지엄 논문집 정보 및 제어부문
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    • pp.206-208
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    • 2005
  • Wireless sensor network's value has increased greatly in recent years in the fields of Ubiquitous Computing that function as solution to reduce both the limitation and collision about RFID Technology. The research for wireless sensor network technology is proceeding with the research for various sensor nodes, powerful routing algorithms, securities for data transmission, and valid applications. This paper suggests that we make the new multi-hop routing algorithm using RSS in order to implement enhanced multi-hop routing algorithm. This paper should demonstrate that the routing algorithm using suggested RSS is superior to routing algorithm based on established BSDV(Destination Sequenced Distance Vector).

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온라인 증권거래 고객의 충성도 (Loyalty of On-line Stock Trading Customers)

  • 이민화
    • 한국정보시스템학회지:정보시스템연구
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    • 제14권2호
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    • pp.155-172
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    • 2005
  • Securities companies which faced with severe competition should not only attract new customers but also retain their on-line customers. This study examines the factors affecting loyalty of on-line stock trading customers. The research model based on the previous studies was established and the research hypotheses were generated. The test results based on the data gathered from 87 users of on-line stock trading services show that user satisfaction, learning cost, transaction fees, and reputation influence customer loyalty. User satisfaction, learning cost and reputation are positively related to customer loyalty, whereas transaction fee is negatively related to customer loyalty. The results also support that information quality and system quality are positively related to user satisfaction. The hypothesis that transaction fee is related to user satisfaction is not supported. There is no significant information to say that security risk is related to user satisfaction. It is considered that the study results may help managers to increase customer retention.

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Analysis of the Impact of Mobile Office Technology on Organizational Collaboration

  • Cho, Namjae;Yoon, Joongsik;Park, Songmyung
    • Journal of Information Technology Applications and Management
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    • 제22권1호
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    • pp.95-107
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    • 2015
  • The rapid deployment of smart mobile equipments such as mobile phones and mobile note pads is considered a driving force to change several aspects of today's work life in organizations. Among all, this paper focuses on organizational collaboration as collaboration is a key aspect of organizational performance and success and is considered to be affected by digitally mediated communication. A questionnaire survey was performed to analyze the impact of the use of modern mobile office technology on productivity increase under the context of organizational collaboration. Some specific functions of mobile office technology were found to significantly affect the productivity. In addition, different requirements for desired collaboration were found to be associated with the use of different functions of mobile office technology and different situational use of the technology. Organizational and technical implications of the findings are discussed.

한국의 수출지향형 기업에서 현금유동성 결정정보에 관한 연구 (A Study on the Determination Information of Cash holdings in Korean Export-Oriented Companies)

  • 김종택;신연수;신용재
    • 통상정보연구
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    • 제11권1호
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    • pp.157-176
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    • 2009
  • This study analyzed the information factors which determine cash liquidity in Korean export-oriented companies. In this paper, cash liquidity means the ratio of the value of cash or cash equivalent to the asset value subtracted marketable securities value from total asset value. The empirical test shows that main information factors are the size of company, the growth opportunity of company, the volatility of operating cash flows and free cash flows, the credit yield spread of company, the debt ratio, the turnover ratio of cash flows and free cash flows, and the estimate of bankruptcy that amounts to the inverse number of Z score. In summary, the size of company, debt ratio, turnover ratio of cash flows and free cash flows, and Z-score have negative influence on the cash liquidity of Korean export-oriented companies. but the volatility of operating cash flows affect the cash liquidity positively.

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자본시장과 구조변화 (Structural Breaks in the Securities markets)

  • 이일균
    • 재무관리연구
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    • 제19권1호
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    • pp.1-32
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    • 2002
  • 한국 종합주가지수는 한국증권거래소에 상장된 모든 기업들의 가치 가중치에 의한 포트폴리오의 가격의 시계열이라고 할 수 있다. 따라서 이 지수는 한국 경제의 현재의 활동과 미래의 활동에 대한 예상의 총합의 반영 또는 표상을 표현하는 정보라 할 수 있다. 본 논문에서는 시차변수가 독립변수로 도입될 수도 있으며, 시차변수가 아닌 변수가 독립변수로 도입되는 것이 허용되는 회귀모형을 통하여 구조변화의 회수와 구조변환점을 검정할 수 있는 통계량과 이 통계량의 확률분포를 분석하고 한국 종합주가지수에 적용하여 한국 종합주가 지수의 일별수익률에 구조변화가 발생하였는지의 여부와 발생했다면 발생회수와 변환점들을 발견하는데 그 목적이 있다. 한국 종합주가지수의 일별수익률은 분산의 변화 그리고 평균 및 분산의 동시변화가 1997년 9월 27일에 발생하였다. 자기회귀모형에 의할 때 증권시장의 구조변화는 1999년 11월 16일에 이루어졌다. 평균과 분산의 변화가 일어나 구조변화의 단계를 시작하고 구조변화에 알맞는 환경조성에 2년이 소요된 후에 1999년 11월 16일에 구조변화가 정착되었다. 정착이 이루어진 후에야 비로서 이 두 기간은 서로 다른 경제구조와 증권시장구조가 이루어지고 이에 입각하여 시장의 새로운 운동법칙이 전개되고 있다고 할 수 있을 것이다.

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Information, trading and stock returns: Lessons from dually-listed securities

  • Chan, K.C.;Fong Wai-Ming;Kho, Bong-Chan,;Stulz Rene M.
    • 재무관리논총
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    • 제2권2호
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    • pp.221-256
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    • 1995
  • This paper compares the intra-day patterns on the NYSE and AMEX of volatility, trading volume and bid-ask spreads for European and Japanese dually-listed stocks with American stocks of comparable average trading volume and volatility. It is shown that the intra-day patterns for these stocks are remarkably similar even though public information flows differ markedly across these stocks during the trading day. In the early morning, all stocks have higher volatility than later in the day, but this phenomenon is most pronounced for Japanese stocks and affects American stocks the least. We argue that these patterns are consistent with markets reacting to the overnight accumulation of public information but are inconsistent with the view that early morning volatility can be attributed to monopolistic specialist behavior.

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