• Title/Summary/Keyword: diversity management model

Search Result 197, Processing Time 0.024 seconds

The Relationship on Risk Type, Risk Management and Business Performance - Evidence from Korean FDIs in China

  • Yin, Heng-Bin;Kim, Bo-Hyun;Jung, Hong-Joo
    • Journal of Korea Trade
    • /
    • v.23 no.5
    • /
    • pp.45-65
    • /
    • 2019
  • Purpose - As the well-known Structure-Conduct-Performance paradigm implies, risk structure of a corporation may affect its risk management activity and the activity may in turn determine its performance. Depending on its goal, Foreign Direct Investment (FDI) can shape its risk structure, risk management and its performance. Under this assumption, we investigate the relationship between the goals of FDI and risk management for the first time in academics. Design/methodology - This empirical research uses a survey of 279 current Korean enterprises' FDIs in China with the recently developed business risk quadrant model. Companies are classified into either a market- or an efficiency-seeking group, to identify how each group perceives and manages risks, and values the performance of risk management. Also, we apply integrated risk management method that multinational corporations have introduced in China, then verify the mediating effect between risk factors and performance. Findings - Our research shows the FDIs can expose themselves to differing risk structure although risk management activities simply represent the level of empowerment given to local management by headquarter due to limit of sample size despite diversity of risk and risk management tools. To sum, market seekers are found to have more strategic risk (revenue related risk) than efficiency seekers with financial risk (cost related risk). The market seekers can manage their risk by empowering their local organisation while the efficiency does the opposite ways. The risk management appears to be successful in general. Originality/value - Previous studies on small and medium enterprises' FDIs to China have concentrated on the analysis of entry determinants, withdrawal factors and individual risk management. Meanwhile, this research establishes enterprise-wide risk factors faced by the companies that advance into China, according to the method of the classification by ERM and verifies if they could synthetically improve performance through risk corresponding measures.

An Empirical Analysis of Factors Influencing Seniors' Satisfaction with the Use of Wealth Management Services in Financial Institutions (시니어의 금융기관 자산관리 서비스 이용 만족도에 영향을 미치는 요인에 대한 실증 분석)

  • Park, Hyun-jung;Kang, Shin-gi
    • Journal of Venture Innovation
    • /
    • v.6 no.3
    • /
    • pp.221-240
    • /
    • 2023
  • In a recent study conducted in South Korea, a nation grappling with the implications of an increasingly super-aged society, researchers empirically analyzed the factors influencing seniors' satisfaction with financial institutions' wealth management (WM) services. We surveyed 250 seniors who utilized financial institutions' wealth management services. Independent variables such as product(diversity, profitability, stability), employee(expertise, problem-solving ability, customer orientation), physical evidence, process, inheritance service, and trust service were carefully examined. Employing hierarchical regression analysis, we tested hypotheses within an established research model. The findings revealed that variables like product stability and profitability, employee problem-solving ability, customer orientation, process, inheritance service, and trust service significantly positively affected satisfaction with WM services. In contrast, no substantial association was detected between satisfaction and factors like product diversity, employee expertise, or physical evidence. Among the influential factors, the order of impact was determined to be employee customer orientation, problem-solving ability, trust service, product stability, inheritance service, product profitability, and process. This research provided essential insights into the nuanced preferences and needs of seniors concerning wealth management services. The detailed examination of the subject might also shed light on similar challenges faced in the other aging societies. As the global population continues to age, the implications of this study could reach far beyond the borders of South Korea. By understanding these key determinants of satisfaction, financial institutions worldwide can tailor their wealth management services to better meet the unique demands of the senior population.

Making Consumer to Buy Funds: Factor Portfolio in Global Stock Distribution Market (일반 소비자의 공모펀드 구매유인 제고 방안: 글로벌 주식유통시장에서 요인포트폴리오 활용)

  • LIU, Won-Suk
    • Journal of Distribution Science
    • /
    • v.17 no.9
    • /
    • pp.117-125
    • /
    • 2019
  • Purpose - We investigate how to increase consumer incentives to buy public offering funds, resulting in activating the public offering fund market. In particular, this study aims to find ways to expand diversity and to improve efficiency of public offering fund. The public fund market of Korea has been stagnant in recent years. However, the public offering fund market plays a very significant role in terms of consumer welfare. Since only a few wealthy investors can participate in the private equity market, the stagnation in the public offering fund market usually reduces the opportunity of consumer's buying funds thus ultimately affecting their future wealth. Research design, data, and methodology - To attain our purpose, the 'factor-based portfolio strategy' has been considered. It is an alternative portfolio strategy, which composites the advantages of the passive management and active management. For our empirical anaylsis, we used global stock distribution market data over the period of 1991 and 2016. Then we constructed portfolios based on firm-size, firm-value, and momentum. Finally, a regression model was set, then hypotheses were tested, analyzing the performances. Results - First, among the 15 factor-based portfolios of global, Europe, Asia-Pacific(ex Japan), US and Japan, in eight portfolios, positive excess returns are observed at 5% significance level. Further, there is another portfolio with positive excess return at 10% significance level. Second, most of the portfolios with significant excess performance show positive relationship with the market portfolio. However, the firm-value based portfolio in Asia-Pacific region shows no relationship, and the firm-value based portfolio in US shows negative relationship. Third, we confirmed that the two firm-value factor portfolios in Asia-Pacific region and US, not having positive relationship with market portfolio, provide significant excess returns. Conclusions - In this paper, we provide empirical evidences supporting that the factor-based portfolios expand the diversity of funds and improve the efficiency of investment performance. However, there is no guarantee that the efficiency will continue in the future. In addition, various constraints and costs must be considered. Nevertheless, our novel findings in the advanced financial market such as US and Asia-Pacific are very interesting and offers important implications.

Northern distribution limits and future suitable habitats of warm temperate evergreen broad-leaved tree species designated as climate-sensitive biological indicator species in South Korea

  • Sookyung, Shin;Jung-Hyun, Kim;Duhee, Kang;Jin-Seok, Kim;Hong Gu, Kang;Hyun-Do, Jang;Jongsung, Lee;Jeong Eun, Han;Hyun Kyung, Oh
    • Journal of Ecology and Environment
    • /
    • v.46 no.4
    • /
    • pp.292-303
    • /
    • 2022
  • Background: Climate change significantly influences the geographical distribution of plant species worldwide. Selecting indicator species allows for better-informed and more effective ecosystem management in response to climate change. The Korean Peninsula is the northernmost distribution zone of warm temperate evergreen broad-leaved (WTEB) species in Northeast Asia. Considering the ecological value of these species, we evaluated the current distribution range and future suitable habitat for 13 WTEB tree species designated as climate-sensitive biological indicator species. Results: Up-to-date and accurate WTEB species distribution maps were constructed using herbarium specimens and citizen science data from the Korea Biodiversity Observation Network. Current northern limits for several species have shifted to higher latitudes compared to previous records. For example, the northern latitude limit for Stauntonia hexaphylla is higher (37° 02' N, Deokjeokdo archipelago) than that reported previously (36° 13' N). The minimum temperature of the coldest month (Bio6) is the major factor influencing species distribution. Under future climate change scenarios, suitable habitats are predicted to expand toward higher latitudes inland and along the western coastal areas. Conclusions: Our results support the suitability of WTEB trees as significant biological indicators of species' responses to warming. The findings also suggest the need for consistent monitoring of species distribution shifts. This study provides an important baseline dataset for future monitoring and management of indicator species' responses to changing climate conditions in South Korea.

Construction Work by Type Risk Factors increased levels proposed model for the PCRA(Pre Construction Risk Assessment) - Focusing on building construction - (건설공사 공종별 위험성평가 위험요인 도출 수준 향상을 위한 PCRA 모델 제안 -건축공사 중심으로-)

  • Bok, Hoon;Kim, Hyeong-Tae;Kang, Kyung-Sik
    • Journal of the Korea Safety Management & Science
    • /
    • v.16 no.3
    • /
    • pp.9-22
    • /
    • 2014
  • Constructions sites are affected by Diversity workplace, complexity of construction, Change of place, Mobility of workers and so on. In a single establishment, Prime contractors and subcontractors have to conduct their work at the same time. There are a lot of unpredictable risks when the construction is running, coordination between contractors is very important to do a risk assessment under the condition. Large Construction companies were investigated by previous studies. Survey research is applied to the risk assessment. In the writing, Risk assessment of the entire lower level. Because of the low level of risk factors to find. Also, There was a limit to investigate accidents. Confirmed that Effort to derive a risk factors were desperately of the risk assessment. Results were obtained through previous studies. The PCM is several experts should be joined. Experts Site Manager, Supervisor, Safety Manager, Director Contractor, Work team leader is required to participate. Construction plans, Process Planning to the risk find beforehand. And Determines how the operations and the control. Also, Made it into the database. and PCRA can be used in the risk assessment was developed.

Multimodal Sentiment Analysis for Investigating User Satisfaction

  • Hwang, Gyo Yeob;Song, Zi Han;Park, Byung Kwon
    • The Journal of Information Systems
    • /
    • v.32 no.3
    • /
    • pp.1-17
    • /
    • 2023
  • Purpose The proliferation of data on the internet has created a need for innovative methods to analyze user satisfaction data. Traditional survey methods are becoming inadequate in dealing with the increasing volume and diversity of data, and new methods using unstructured internet data are being explored. While numerous comment-based user satisfaction studies have been conducted, only a few have explored user satisfaction through video and audio data. Multimodal sentiment analysis, which integrates multiple modalities, has gained attention due to its high accuracy and broad applicability. Design/methodology/approach This study uses multimodal sentiment analysis to analyze user satisfaction of iPhone and Samsung products through online videos. The research reveals that the combination model integrating multiple data sources showed the most superior performance. Findings The findings also indicate that price is a crucial factor influencing user satisfaction, and users tend to exhibit more positive emotions when content with a product's price. The study highlights the importance of considering multiple factors when evaluating user satisfaction and provides valuable insights into the effectiveness of different data sources for sentiment analysis of product reviews.

Enhancing 3D Excavator Pose Estimation through Realism-Centric Image Synthetization and Labeling Technique

  • Tianyu Liang;Hongyang Zhao;Seyedeh Fatemeh Saffari;Daeho Kim
    • International conference on construction engineering and project management
    • /
    • 2024.07a
    • /
    • pp.1065-1072
    • /
    • 2024
  • Previous approaches to 3D excavator pose estimation via synthetic data training utilized a single virtual excavator model, low polygon objects, relatively poor textures, and few background objects, which led to reduced accuracy when the resulting models were tested on differing excavator types and more complex backgrounds. To address these limitations, the authors present a realism-centric synthetization and labeling approach that synthesizes results with improved image quality, more detailed excavator models, additional excavator types, and complex background conditions. Additionally, the data generated includes dense pose labels and depth maps for the excavator models. Utilizing the realism-centric generation method, the authors achieved significantly greater image detail, excavator variety, and background complexity for potentially improved labeling accuracy. The dense pose labels, featuring fifty points instead of the conventional four to six, could allow inferences to be made from unclear excavator pose estimates. The synthesized depth maps could be utilized in a variety of DNN applications, including multi-modal data integration and object detection. Our next step involves training and testing DNN models that would quantify the degree of accuracy enhancement achieved by increased image quality, excavator diversity, and background complexity, helping lay the groundwork for broader application of synthetic models in construction robotics and automated project management.

Spatially Distributed Model for Soil Loss Vulnerability Assessment in Mekong River Basin

  • Thuy, H.T.;Lee, Giha;Lee, Daeeop;Sophal, Try
    • Proceedings of the Korea Water Resources Association Conference
    • /
    • 2016.05a
    • /
    • pp.188-188
    • /
    • 2016
  • The Mekong which is one of the world's most significant rivers plays an extremely important role to South East Asia. Lying across six riparian countries including China, Myanmar, Thailand, Laos, Cambodia and Vietnam and being a greatly biological and ecological diversity of fishes, the river supports a huge population who living along Mekong Basin River. Therefore, much attention has been focused on the giant Mekong Basin River, particularly, the soil erosion and sedimentation problems which rise critical impacts on irrigation, agriculture, navigation, fisheries and aquatic ecosystem. In fact, there have been many methods to calculate these problems; however, in the case of Mekong, the available data have significant limitations because of large area (about 795 00 km2) and a failure by management agencies to analyze and publish of developing countries in Mekong Basin River. As a result, the Universal Soil Loss Equation (USLE) model in a GIS (Geographic Information System) framework was applied in this study. The USLE factors contain the rainfall erosivity, soil erodibility, slope length, steepness, crop management and conservation practices which are represented by raster layers in GIS environment. In the final step, these factors were multiplied together to estimate the soil erosion rate in the study area by using spatial analyst tool in the ArcGIS 10.2 software. The spatial distribution of soil loss result will be used to support river basin management to find the subtainable management practices by showing the position and amount of soil erosion and sediment load in the dangerous areas during the selected 56- year period from 1952 to 2007.

  • PDF

Analysis of Determinants of Regional Unemployment Rate Using Dynamic Spatial Panel Model (동적공간패널모형을 이용한 지역 실업률 결정요인 분석)

  • Kim, So-Youn;Ryu, Su-Yeol
    • Asia-Pacific Journal of Business
    • /
    • v.13 no.1
    • /
    • pp.277-288
    • /
    • 2022
  • Purpose - This study analyzed the determinants of local unemployment rate in Korea using panel data from 16 metropolitan cities and provinces from 2000 to 2018. Design/methodology/approach - We use a dynamic spatial panel model that considers characteristics of the regional unemployment rate such as the common factors effect, spatial dependence, and serial correlations. Findings - The local unemployment rate is affected by the past and present values of the national unemployment rate. And it is significantly affected by the past local unemployment rate and the past neighboring unemployment rate because spatial dependence and serial correlations are clearly present. In addition, when the industrial structure diversity and labor productivity were high, the regional unemployment rate decreased, and when the education level was high, the regional unemployment rate increased. Research implications or Originality - In order to reduce regional unemployment rate, it is necessary to plan and establish regional customized industrial structure policies under the stance of diversification rather than specializing the regional industrial structure and accompany improvement of the quality of education with the number of years of education. In addition, the redistribution of labor from low labor productivity sectors to high labor productivity sectors through technology development will help to reduce the local unemployment rate.

A genetic approach to comprehend the complex and dynamic event of floral development: a review

  • Jatindra Nath Mohanty;Swayamprabha Sahoo;Puspanjali Mishra
    • Genomics & Informatics
    • /
    • v.20 no.4
    • /
    • pp.40.1-40.8
    • /
    • 2022
  • The concepts of phylogeny and floral genetics play a crucial role in understanding the origin and diversification of flowers in angiosperms. Angiosperms evolved a great diversity of ways to display their flowers for reproductive success with variations in floral color, size, shape, scent, arrangements, and flowering time. The various innovations in floral forms and the aggregation of flowers into different kinds of inflorescences have driven new ecological adaptations, speciation, and angiosperm diversification. Evolutionary developmental biology seeks to uncover the developmental and genetic basis underlying morphological diversification. Advances in the developmental genetics of floral display have provided a foundation for insights into the genetic basis of floral and inflorescence evolution. A number of regulatory genes controlling floral and inflorescence development have been identified in model plants such as Arabidopsis thaliana and Antirrhinum majus using forward genetics, and conserved functions of many of these genes across diverse non-model species have been revealed by reverse genetics. Transcription factors are vital elements in systems that play crucial roles in linked gene expression in the evolution and development of flowers. Therefore, we review the sex-linked genes, mostly transcription factors, associated with the complex and dynamic event of floral development and briefly discuss the sex-linked genes that have been characterized through next-generation sequencing.