• 보건교육건강증진학회지
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• 제33권5호
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• pp.93-105
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• 2016

Objectives: This study was to examine the independent and mediating effect of socioeconomic position and social relationship on depression. Methods: The study analyzed the data from the 2014 Korea Welfare Panel Study(n=9,172) using descriptive statistics, Kendall's rank correlation analysis, multiple regression analysis and the Sobel test. Results: Much of the connection between parental socioeconomic position and respondent depression was explained by respondent educational attainment in men but was not in women. A large portion of the association between educational attainment and depression was explained by type of household and satisfaction with social relationship among men. The effect of educational attainment on depression was fully mediated by type of household among women. The effect of type of household on depression was partly mediated by satisfaction with social relationship in men and women. Lastly, educational attainment, type of household and satisfaction with social relationship had an independent association with depression among men, but educational attainment was not statistically significant among women. Conclusions: Our study illuminated the importance of the independent and mediating effect of parental and respondent socioeconomic position and social relationship in the production of depression for South Korean adults.

• 산경연구논집
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• 제9권5호
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• pp.37-46
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• 2018

Purpose - This paper explores the determinants of bank lending to firms during and after the global financial crisis using firm- and bank-level data to answer the questions what caused the contraction of lending to firms despite the loosening monetary policy during this crisis period. Research design, data, and methodology - We investigate the effects of the monetary policy that followed the global financial crisis on firms borrowing. We use a dynamic panel model to address how firms lending respond to monetary policy. The data are obtained from CRETOP and we consider the manufacturing sector for the analysis to control for unobserved heterogeneity such as industry-specific shocks. Results - The findings from the empirical analysis suggest that both bank- and firm-level characteristics are significant determinants of bank lending. Especially, we find that corporate risk, measured by default risk, is one of the key factors that led to a decline in lending during the crisis. Conclusions - This paper shows that companies borrow more from liquid banks, and high bank capital can also contribute to an increase in a firm's borrowing from banks. Especially, the results confirm that the default rate measured at the firm level has increased during and after the global financial crisis, which implies that default risk interplays with other firm and bank-level characteristics.