• 제목/요약/키워드: capital flow

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Estimating China's Capital Flows-at-risk: The Case of Potential US Financial Sanctions

  • DAEHEE, JEONG
    • KDI Journal of Economic Policy
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    • 제44권4호
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    • pp.43-78
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    • 2022
  • The arena of strategic competition between the US and China is expandable from international politics, trade and commerce to finance. What would happen if financial sanctions against China are imposed by the US? Would US financial sanctions lead to a sudden outflow of foreign capital and a liquidity crisis in China? We try to address these questions by estimating China's capital flows-at-risk with the CDS premium on Chinese sovereign funds. We follow Gelos et al. (2019) in setting up a quantile regression model from which China's foreign capital flow-at-risks are estimated. Based on our analysis of China's monthly capital flow data, we find that a rise in the CDS premium has statistically significant negative impacts on China's foreign capital flows-at-risk, mainly in banking flows. However, the analysis also found that due to favorable global conditions, an increase in the CDS premium is unlikely to trigger a shift to a sudden outflow of foreign capital at the moment. Meanwhile, this study found no statistically significant correlation between Korea's capital flows-at-risk and the CDS premium, suggesting that the negative impact of US financial sanctions on China would not increase the probability of capital flight from Korea in a significant manner.

Cash flow Forecasting in Construction Industry Using Soft Computing Approach

  • Kumar, V.S.S.;Venugopal, M.;Vikram, B.
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.502-506
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    • 2013
  • The cash flow forecasting is normally done by contractors in construction industry at early stages of the project for contractual decisions. The decision making in such situations involve uncertainty about future cash flows and assessment of working capital requirements gains more importance in projects constrained by cash. The traditional approach to assess the working capital requirements is deterministic in and neglects the uncertainty. This paper presents an alternate approach to assessment of working capital requirements for contractor based on fuzzy set theory by considering the uncertainty and ambiguity involved at payment periods. Statistical methods are used to deal with the uncertainty for working capital curves. Membership functions of the fuzzy sets are developed based on these statistical measures. Advantage of fuzzy peak working capital requirements is demonstrated using peak working capital requirements curves. Fuzzy peak working capital requirements curves are compared with deterministic curves and the results are analyzed. Fuzzy weighted average methodology is proposed for the assessment of peak working capital requirements.

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간호대학생의 셀프리더십과 학습몰입의 관계에서 긍정심리자본의 매개효과 (Mediation Effect of Positive Psychological Capital between Self-leadership and Learning Flow of Nursing Students)

  • 김유미
    • 한국산학기술학회논문지
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    • 제17권7호
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    • pp.112-122
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    • 2016
  • 본 연구는 간호대학생의 셀프리더십, 긍정심리자본, 학습몰입 간의 관계를 파악하고, 셀프리더십과 학습몰입 간에 긍정심리자본의 매개효과를 확인하기 위한 서술적 조사연구이다. J시에 소재한 4년제 대학 3곳의 간호학과 재학생 218명을 대상으로 2016년 4월 1일부터 4월 15일까지 자료수집을 하였고, 자료분석은 기술통계, t-test, One way ANOVA, 상관관계 및 다중회귀분석을 실시하였다. 간호대학생의 셀프리더십과 긍정심리자본, 학습몰입의 상관관계를 분석한 결과 학습몰입은 셀프리더십(r=.50, p<.001), 긍정심리자본(r=.52, p<.001)과 정적상관이 있었으며, 셀프리더십과 긍정심리자본 간에도 정적상관(r=.60, p<.001)이 있었다. 다중회귀분석 결과 셀프리더십은 학습몰입에 영향을 미치는 요인으로 확인되었으며, 모형의 설명력은 44.1%로 나타났다(F=20.619, p<.001). 또한, 간호대학생의 셀프리더십과 학습몰입간의 관계에서 긍정심리자본의 4개요인 중 자기효능감, 희망이 부분 매개효과가 있는 것으로 나타났다. 이와 같이 간호대학생의 셀프리더십이 높으면 학습몰입을 높일 수 있음을 확인하였고, 간호대학생이 인지하는 긍정심리자본 역시 학습몰입의 강화에 중요한 요소임을 확인하였다. 결론적으로 셀프리더십, 긍정심리자본이 학습몰입과 긍정적인 관련성이 있으므로 간호대학생의 학습몰입 능력을 향상시키기 위해 셀프리더십과 긍정심리자본을 높일 수 있는 교육 프로그램 개발이 필요하다.

간호대학생의 성격유형, 셀프리더십, 긍정심리자본이 학습몰입에 미치는 영향 (The Influence of Personality Characteristics, Self-leadership and Positive Psychological Capital on Learning Flow of Nursing Students)

  • 정승은;한정희
    • 한국간호교육학회지
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    • 제25권4호
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    • pp.393-404
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    • 2019
  • Purpose: This study aims to investigate the influence of personality type, self-leadership, and positive psychological capital on the flow of learning of nursing students. Methods: The sample consisted of 179 nursing students. Data were analyzed using frequency, percentage, mean, standard deviation, t-test, ANOVA, $Scheff{\acute{e}}^{\prime}s$ test, Pearson's correlation coefficient analysis, and Hierarchical multiple regression. Results: Upon analysis, the relative influence of the variables that can improve learning flow, the influencing variables, were identified as self-leadership and self-efficacy. Conclusion: To increase the learning flow, supportive measures and strategies that increase positive psychological capital should be developed, successful cases of self-leadership be shared, and be incorporated into a culture that promotes learning flow. And to promote the learning flow, it needs political and environmental improvement, and institutional support of at the college level.

디지털 컨버전스 사회에서 AI교육 특성변수가 심리적 자본과 플로워에 미치는 영향 (An Influence of Accounting Information Education Characteristics on the Psychological Capital and Flow in Digital Convergence Society)

  • 이신남
    • 디지털융복합연구
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    • 제14권4호
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    • pp.139-147
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    • 2016
  • 본 연구는 디지털 컨버전스 사회에서 AI교육 특성변수들과 심리적 자본, 심리적 자본과 플로워의 관련성, AI 교육 특성변수와 플로워사이에 심리적 자본의 매개효과를 분석하는 것을 목적으로 한다. AI교육의 특성변수에는 정확성, 유용성, 사용 용이성이 있다. 실증분석은 수도권 대학 중 회계정보를 강의하는 3개 대학에 설문지를 배포하여 최종 282부를 분석에 사용하였다. 자료를 분석하기 위해서 SPSS 22.0을 이용하여 다중회귀분석과 매개변수에 대한 분석으로 계층적 회귀분석의 3단계 분석방법을 실시하였다. 연구결과는 다음과 같다. 첫째, AI교육 특성변수는 심리적 자본에 긍정적인 영향을 미치는 것으로 나타났다. AI교육 특성변수 중 정확성이 가장 중요한 영향을 미치는 변수라는 것이 발견되었다. 둘째, 심리적 자본은 플로워에 정(+)의 영향을 미치는 것으로 나타났다. 셋째, AI교육 특성변수와 플로워사이에 어떠한 관계가 있는지를 심리적 자본 매개효과를 통해 살펴보았다. 그 결과 심리적 자본은 AI 특성변수와 플로워사이에 주요한 매개 역할을 하는 것으로 나타났다. 본 연구의 시사점은 AI교육 특성변수와 플로워의 관계에서 심리적 자본이 매개역할을 하기 때문에 자기효능감, 복원력, 희망, 낙관주의와 같은 행동요인에 관심을 가져야 할 필요가 있다는 것이다.

패션 사회적 기업의 지속가능성을 위한 사회적 자본 및 공동체의식 형성에 대한 연구 (The Study on Social Capital and Community Sense Formation for the Sustainability of Fashion Social Enterprises)

  • 나윤규
    • 패션비즈니스
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    • 제19권5호
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    • pp.157-174
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    • 2015
  • This research intends to observe the effects of social capital regarding fashion social enterprises on the community sense of participating consumers, and verify the relationship of the effects that such social capital and community sense have on sustainability formation variable(shared values, suitability of values, behavioral flow, cognitive belief and long-term relationship orientation) of social enterprises. For such analysis, a sample of 400 consumers with experience of purchasing products of fashion social enterprises more than once was utilized, and path analysis was conducted utilizing AMOS 20.0. As a result of this research, first, information sharing, social participation among the characteristic factors of social enterprises' social capital had a meaningful impact on shared values, and self-pursuit and significance meaningfully affected the suitability of values. Second, mutual influence, sense of belonging, satisfaction of needs and emotional bond among the characteristic factors of community sense between social enterprises and consumers meaningfully affected shared values, whereas mutual influence, sense of belonging and emotional bond substantially influenced suitability of values. Third, shared values and suitability of values affected the relationship between behavioral flow and cognitive trust, and behavioral flow and cognitive trust both had meaningful impact on long-term relationship orientation.

글로벌 불확실성이 한국의 자본 유출입에 미치는 영향 분석 (The Impacts of Global Uncertainty on the Capital Flows in Korea)

  • 박의환
    • 아태비즈니스연구
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    • 제12권1호
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    • pp.183-193
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    • 2021
  • Purpose - The purpose of this study is to examine the impacts of global uncertainty on gross and net capital flows in Korea. Design/methodology/approach - We conduct an empirical analysis of the impact of global uncertainty on the net and gross capital flows in korea. To investigate the impacts, we incorporate linear and nonlinear ARDL models. Findings - We find global uncertainty has negative impacts on the gross and net capital flows. But this impact is nonlinear. The negative global uncertainty shocks are bigger than the positive global uncertainty shocks on capital flows in Korea. And we find this relationship is noticeable in gross capital inflows. We also find interest rate difference between the US and Korea is the main driving source in capital flow after the Global financial crisis. Research implications or Originality - The results of this study suggest that the negative impacts of global uncertainty are noticeable. This means that economic players in financial markets should be more concerned about the bad news.

외국자본에 대한 기업의 경영권 방어 (Defense of Corporate Governance for the Foreign Capital)

  • 이재범
    • 대한안전경영과학회지
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    • 제6권2호
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    • pp.263-274
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    • 2004
  • The foreign capital of appropriate scale is affirmative in stabilizing the domestic foreign exchange and stock market. But its excessive scale threatens corporate governance by a hostile M&A and causes the out-flow of national wealth and the unhealthiness of finn because foreign investors require high dividend through the superiority of stock ownership ratio. Therefore, the government and corporate must make the defensive countermeasure of corporate governance for the foreign capital immediately.

간호대학생의 긍정심리자본과 신체적 건강상태, 우울, 대인관계 및 학습몰입의 관련성 연구 (A Study on Relationship among Positive Psychological Capital, Physical Health Status, Depression, Interpersonal Relationship and Learning Flow in Nursing Students)

  • 김동옥;이혜진;이아영
    • 한국융합학회논문지
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    • 제11권1호
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    • pp.349-357
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    • 2020
  • 본 연구는 간호대학생의 긍정심리자본과 신체적 건강상태, 우울, 대인관계 및 학습몰입의 관련성을 파악하기 위한 서술적 조사연구이다. 연구대상은 일개 대학의 간호학과 재학생 181명으로 2019년 5월 8일부터 6월 20일까지 자료수집을 하였다. 자료 분석은 SPSS 22.0 프로그램을 사용하여 기술통계, t-test, 분산분석, 상관관계 및 다중회귀분석을 실시하였다. 간호대학생의 긍정심리자본은 연령, 학년, 학과 선택 동기, 전공 만족도 및 주관적 건강상태에 따라 통계적으로 유의한 차이가 있었다. 긍정심리자본은 우울(r=-.454, p<.001), 대인관계(r=.611, p<.001), 학습몰입(r=.452, p<.001)과 유의한 상관관계가 있었다. 본 연구에서 간호대학생의 학습몰입에는 긍정심리자본(β=.414, p<.001)이 가장 큰 영향을 미쳤으며, 그 외의 유의한 영향요인은 전공 만족도(β=.177, p=.014)와 학년(β=-.150, p=.026)이었고, 모형의 설명력은 24.4%로 나타났다(F=20.405, p<.001). 본 연구결과를 토대로 간호대학생의 웰빙과 학습 성과향상을 위해 긍정심리자본을 강화시킬 수 있는 프로그램의 개발 및 적용이 필요하다.

사회자본 패러다임과 사회·감성재화에 관한 소고 (A Thought on Social Captial Paradigm and Social-Emotional Goods)

  • 박성쾌
    • 수산해양교육연구
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    • 제16권2호
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    • pp.199-209
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    • 2004
  • The main purpose of this study is to explore a social capital paradigm which can be applied to many forms of social capital and intangible goods. The social capital paradigm introduces a new form of capital. This new form of capital produces a flow of socio-emotional goods that have value. Moreover, these socio-emotional goods can attach themselves to the objects used to convey them and change their value and meaning. This change in value and meaning is defined as attachment values. Exchanges of socio-emotional goods occur in networks where social capital resides. Formal and informal institutions provide order and meaning to exchanges of tangible and intangible goods. Social capital is a powerful resource that makes our choices interdependent. The social capital paradigm does not alter or contradict the basic economic theories of exchange. While the social capital paradigm accepts that selfish preferences motive many actions, it adds that sympathy and the desire to consume socio-emotional goods are powerful motivators. In case of marine affairs, ocean and fishing villages and their culture have been not only a fundamental basis of fisheries development but they also have made a great deal of contribution to forming social capital. In spite of this fact, the main reason that the problems of fisheries fishing villages fishermen in our society are kept at a distance is because they have been loosing their capability of forming social capital and producing socio-emotional goods, in addition to lowered relative economic share.