• Title/Summary/Keyword: Transaction Cost Analysis

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Determinants of Behavioral Intention and Usage of Mobile Money Services in Ethiopia (에티오피아 모바일화폐 서비스의 채택의향과 사용행태 결정요인)

  • Bereket, Tiru Beza;Hwang, Gee-Hyun
    • Journal of Digital Convergence
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    • v.18 no.2
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    • pp.23-35
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    • 2020
  • Mobile Money is a key factor of financial inclusion that can revolutionize the financial service delivery and hence enhance access to finance in emerging economies, especially the East African countries. This study therefore aims to study the determinants of individual's behavioral intention and usage of Mobile Money services in Ethiopia by usiing the UTAUT2 model. The research model was tested by sampling 200 respondents from different areas of Ethiopia. The analysis results found that Government Support, Facilitating Conditions, Performance Expectancy, Trust and Effort Expectancy are the key factors that affect the usage of Mobile Money service, while Lower Transaction Cost factors and Social Influence were not statistically significant. The findings provide useful information that only government's active efforts and support to promote mobile money services, through appropriate policies and regulations rather than lower transaction cost, can facilitate the adoption and dissemination of such services in Ethiopia.

Performance Analysis of Consensus Algorithm considering NFT Transaction Stability (NFT 거래 안정성을 고려한 합의알고리즘 성능분석)

  • Min, Youn-A;Lim, Dong-Kyun
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.22 no.2
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    • pp.151-157
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    • 2022
  • In this paper, the performance of various blockchain consensus algorithms was compared and analyzed as a method to increase the transaction cost and processing time during NFT transactions and to increase the transaction stability requirements that occur during smart contract execution. Network reliability and TPS are evaluation items for performance comparison. TPS and the stability of the Consensus algorithm are presented for three evaluation items. In order to establish a standardized expression for each evaluation item, the reliability of the node and the success rate of the smart contract were considered as variables in the calculation formula, and the performance of the consensus algorithm of the three groups, PoW/PoS, Paxos/Raft and PBFT, was compared under the same conditions. / analyzed. As a result of the performance evaluation, the network reliability of the three groups was similar, and in the case of the remaining two evaluation items, it was analyzed that the PBFT consensus algorithm was superior to other consensus algorithms. Through the performance evaluation equations and results of this study, it was analyzed that when the PBFT consensus processing process is reflected in the consensus process, the network reliability can be guaranteed and the stability and economic efficiency of the consensus algorithm can be increased.

Factors Influencing on Behavior Intention for Mobile Commerce (모바일 커머스의 이용의도에 영향을 미치는 요인)

  • Chung, Kyung-Soo;Lee, Won-Bin
    • The Journal of Information Systems
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    • v.17 no.3
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    • pp.153-174
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    • 2008
  • Mobile commerce is defined as any direct or indirect transaction conducted and facilitated through a wireless telecommunication network such as payment, ticketing, auction and mobile banking. Despite the importance of mobile commerce, there have not been so many academic studies on the unique characteristics of mobile commerce environments. In this study, our research model is developed based on TAM(Technology Acceptance Model) to investigate the user's technology acceptance process in mobile commerce environment. The factors, such as ubiquity, compatibility, perceived usefulness, perceived ease of use, cost, security, attitude and behavior intention for mobile commerce were selected from pier study in information systems area. The data for empirical analysis of the research model is collected online-questionnaire of 167 mobile commerce users in South Korea. The hypotheses were analyzed using SPSS 15.0 and AMOS 7.0. The results of our study show that: (1) compatibility, perceived usefulness and security had influences on the attitude whereas perceived ease of use and cost did not have any significant impact on the attitude, (2) compatibility influenced perceived usefulness whereas perceived ease of use did not, and finally (3) ubiquity, perceived usefulness and attitude had considerable influences on intention for mobile commerce. Therefore, practitioners should focus on enhancing security, quality of contents and services as well as offering what mobile commerce users want. The results of this study may useful for academicians and practitioners alike.

A Study on Analysis of Information on Technology Valuation for Technology Licensing (기술 라이센싱과 기술가치 평가정보 분석기법 연구)

  • Park, Hyun-Woo
    • Journal of Information Management
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    • v.32 no.2
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    • pp.54-71
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    • 2001
  • This paper analyzes the role of technology valuation in licensing, a commonly used type of transaction of technology, and reviews methods to analyze information on technology valuation for technology licensing. It contemplates the concepts, types and practical application of cost-based valuation, market-based valuation, discounted cash flow, and economic analysis. It shows that each method considers how to share profits associated with technology between licensor and licensee in a fair and reasonable manner when we apply any method to technology licensing.

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The Impact of Energy Crisis and Political Instability on Outsourcing: An Analysis of the Textile Industry of Pakistan

  • ARSLAN, Aniqa;QAYYUM, Arslan;AYUBI, Sharique;KHAN, Sohail Ahmed;ASAD ULLAH, Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.235-243
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    • 2022
  • To help the industry, outsourcing was found to be the most efficient method. An extensive literature analysis was done to assess the macroeconomic factors associated with outsourcing to supplement the anxious parties' decision-making process with evidence-based comprehensive tools. As a theoretical framework for evaluating these issues, transaction cost economies and resource-based perspective theories are investigated. Outsourcing is proven to be a result of energy crises and political instability. The advantages of outsourcing assist major industries in the economy. To discover the key drivers behind outsourcing, we used the vector autoregressive (VAR model) and step-wise regression techniques for the period 1992 to 2016. This research adds to the literature in that it not only explains the energy issue but also discusses the dilemma of political instability in the country in the context of outsourcing. The findings indicate that labor cost and export tendency have a positive impact on outsourcing strategy, which confirms the study's third and fourth hypotheses. Customs tax, inflation, and the unemployment rate, on the other hand, have a negative impact on textile outsourcing in Pakistan, according to the study's fifth, sixth, and seventh hypotheses.

The Difference in the Latitude of Price Acceptance between On- and Off-line transaction in Stock Industry (증권업의 온라인과 오프라인간 가격수용범위 (latitude of price acceptance) 차이에 관한 연구)

  • Hong, Jae-Weon;Kwak, Young-Sik
    • Journal of Global Scholars of Marketing Science
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    • v.13
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    • pp.71-88
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    • 2004
  • Although the factors that affect the width of latitude of price acceptance is well documented, the attempt to develop a practice-oriented methodology to calibrate the region of price insensitivity (i.e., a latitude of price acceptance) for a given individual brand has been relatively rare. The researcher aims to try to full this gap by developing a conjoint analysis-based procedure that can be applied to many industries. Furthermore, we examine the difference in the latitude of price acceptance between on- and off-line transaction in stock industry in Korea. The conjoint analysis-based procedure was applied to measure the disaggregate price response curve for individual stock investment both on- and off line transaction channel. The curves from the samples enable us to estimate the individual choice probabilities corresponding to applied price points. Using t-test the differences in mean choice probabilities between the list price and another price point were tested, through which we can get the latitude of price acceptance for a given brand in stock market. These procedures were tested in on- and off-line stock market in South Korea. The results showed that investors on off-line channel have wider latitudes of price acceptance than the investors on on-line transaction system.

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Empirical Analysis on Product Based Differentiation Strategies in B2C industry (제품 특성과 B2C 차별화 전략의 실증 분석)

  • Joung, Seok-In;Park, Woo-Sung;Han, Hyun-Soo
    • 한국경영정보학회:학술대회논문집
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    • 2007.11a
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    • pp.527-532
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    • 2007
  • Differentiation strategies have been suggested as the critical sources of competitive advantage in B2C industry where customers can switch internet shopping mall with one click with virtually no transaction cost. Indeed, competition on low pricing cannot be a viable strategy in B2C industry. Moreover, cultivating customer loyalty to attain profitability is still a challenging task for most internet shopping mall. In this study, we provide empirical analysis results on key managerial variables that indicate the difference between the product categories in terms of customer perception on relative value importance. We first identified comprehensive managerial variables and organized them in terms of customer decision stage. Next, with reference to extant literatures on product characteristics based e-commerce strategy, hypotheses are developed to formalize the customer value differences on the key managerial variables. Empirical testing results indicated that there are significant differences on customer perceived value of the key managerial variables between the product groups. The findings provide useful insight for further study on e-commerce differentiation strategy.

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A Study on the Cost Down in Internet of International Trade Firms (인터넷 활용도가 무역업체의 비용 절감에 미치는 영향에 관한 연구)

  • 홍선의
    • The Journal of Information Technology
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    • v.4 no.4
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    • pp.73-87
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    • 2001
  • This research is to study the frequency of internet use in domestic trading companies and to analyze how to appear the effect of internet use in accordance with the frequency of internet use. To subdivide the analysis, the effect of internet use is classified into the curtailment effect of transaction & Time. Prior to examining the effect of internet use, I survey the concepts, trends, and prospect of cyber trade in electronic commerce through the research of documents. Before the positive analysis, I synthetically evaluated the characteristics of existing researches regarding electronic commerce and internet trade.

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Analysis on Thrust Characteristics of Slotless Iron-Cored PMLSM According to PM Magnetization Patterns

  • Jang Seok-Myeong;You Dae-Joon;Lee Sung-Ho;Jang Won-Bum
    • KIEE International Transaction on Electrical Machinery and Energy Conversion Systems
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    • v.5B no.1
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    • pp.27-33
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    • 2005
  • The development of modern high-energy magnet materials has allowed the replacement of field coils in many different types of electromagnetic energy conversion machines. As well, the linear synchronous motor has recently been proposed for linear motion with high efficiency and thrust. Thus, this paper presents an analytical solution for the high thrust and cost reduction of the Iron-Cored Permanent Magnet Linear Synchronous Motor (PMLSM) considering magnetization arrays and geometry. Hence, the superior utilization points in each of the magnetization arrays are provided by the height ratio of the magnet/air-gap and magnet/winding coil, etc. In formulation, the space harmonic method in analytical solutions and the generalized 2-D tensor finite element analysis can be used to evaluate force components in magneto static devices including the magnetostrictive phenomenon.

Financial Footnote Analysis for Financial Ratio Predictions based on Text-Mining Techniques (재무제표 주석의 텍스트 분석 통한 재무 비율 예측 향상 연구)

  • Choe, Hyoung-Gyu;Lee, Sang-Yong Tom
    • Knowledge Management Research
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    • v.21 no.2
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    • pp.177-196
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    • 2020
  • Since the adoption of K-IFRS(Korean International Financial Reporting Standards), the amount of financial footnotes has been increased. However, due to the stereotypical phrase and the lack of conciseness, deriving the core information from footnotes is not really easy yet. To propose a solution for this problem, this study tried financial footnote analysis for financial ratio predictions based on text-mining techniques. Using the financial statements data from 2013 to 2018, we tried to predict the earning per share (EPS) of the following quarter. We found that measured prediction errors were significantly reduced when text-mined footnotes data were jointly used. We believe this result came from the fact that discretionary financial figures, which were hardly predicted with quantitative financial data, were more correlated with footnotes texts.