• Title/Summary/Keyword: financial development

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Risk Management and Assessment Methodology in System Design (위험관리 프로세서와 평가의 새로운 접근)

  • 조희근;박영원
    • Journal of the Korea Institute of Military Science and Technology
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    • v.2 no.2
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    • pp.197-208
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    • 1999
  • Recently, risk management is a very important issue in many industrial applications. This paper describes a general structure for risk management and suggests a new risk assessment methodology. In risk management applications of financial or insurance industries, there are many methodologies developed for practical use. However, areas for improvement exist to facilitate the application of the methods. Two major risk assessment methodologies have been developed and widely applied in system engineering. One is in its original development application from aerospace and defense industry, and the other was developed in applied software engineering. In a large and complicated system development application, an effective risk management can reduce total development cost as well as uncertainty in achieving project goals of schedule and performance.

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THE DEVELOPMENT OF KACD(KOREAN ACADEMY OF CONSERVATIVE DENTISTRY) ONLINE ARTICLE CONTRIBUTION MANAGEMENT SYSTEM BASED ON KISTI-ACOMS (KISTI-ACOMS를 기반으로 한 대한치과보존학회 온라인논문투고관리시스템 개발)

  • Park, Jae-Won;Kang, Mu-Yeong
    • Restorative Dentistry and Endodontics
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    • v.28 no.6
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    • pp.504-510
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    • 2003
  • Societies are important sources of new information for users. However. most of these societies still rely on traditional. or rather ancient methods for gathering and servicing the information. Furthermore. most of the societies are trying to electrify processes such as managing members and paper submission as well as the process managing the information for service but are limited due to financial and technical reasons. Therefore. KISTI(Korea Institute of Science and Technology Information) has developed the $\mathbb{\ulcorner}$ KISTI-ACOMS(KISTI-Article COntribution Management System)$\mathbb{\lrcorner}$ as part of the national project for automating the process of processing academic information by societies. in order to convert journals published by academic societies in Korea into an electronic form and make them accessible on the Internet. This system has been developed in the year 2001 and has since been distributed to societies free of charge. The number of societies requesting the service has risen recently. which prompted us to take more recommendations of the societies that adopt this system into account in expanding and standardizing the area of service being provided by the system.

The Role of ICT and Local Wisdom in Managing Work-Life Balance During the COVID-19 Pandemic: An Empirical Study in Malaysia

  • KUSAIRI, Suhal;MUHAMAD, Suriyani;RAZAK, Norizan Abdul;TRAPSILA, Aji Purba
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.9
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    • pp.321-331
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    • 2021
  • This study examines the impact of Information and Communication Technology (ICT) and the role of Malaysian local wisdom called "Ugahari" in managing Work-Life Balance (WLB) during the COVID-19 pandemic in Malaysia. Data was obtained through online and offline surveys which were distributed to the agencies in the public and private sectors spread across Kuala Lumpur, Selangor and Pura Jaya. Overall 466 respondents were found to have given valid and complete responses. This research utilized the Partial Least Squares Structural Equation Modelling. It was found that the use of the ICT during Work from Home (WFH) helped workers to have relatively high flexibility where they could easily expand or contract one domain to meet the demands of another domain. At the same time it also offered high permeability where aspects of one domain entered another domain. This encourages workers to integrate their roles and achieve broad work autonomy. Furthermore, this situation then gives rise to a high level of interference at the boundary between work and family domains. On the other hand Ugahari reduces the level of interference caused by ICT use and encourages workers to compartmentalize their respective roles. Thus, ICT and Ugahari's behavior can play a role and complement each other in the context of realizing worker well-being.

Development Direction of Defense Weapon System for the 4th Industrial Revolution (4차 산업혁명 대응을 위한 국방 무기체계 개발 발전방향)

  • Kim, Sang-Hun;Chey, Seung-Woo;Hong, Sung-pyo
    • Journal of the Korean Society of Industry Convergence
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    • v.22 no.2
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    • pp.71-79
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    • 2019
  • Since the announcement of President Klaus Schwab's fourth industrial revolution at the World Economic Forum in Davos, Switzerland in January 2016, the fourth industrial revolution has emerged as a hot topic in our society. The United States, Japan, China, and Germany, which are major advanced nations, are preparing and implementing a strategy and system for responding to the Fourth Industrial Revolution, focusing on information and communication technology (ICT) and manufacturing convergence in response to the fourth industrial revolution era. Korea is announcing the expansion of financial support for R & D investment budget and related industries for major technology related to revolution. In this paper, we analyze the defense R & D project procedure of the Defense Improvement Project, which is responsible for the development of the defense weapon system, and present the development direction of the defense weapon system in accordance with the 4th world industrial revolution trend.

The Impacts of the COVID-19 Pandemic on the Movement of Composite Stock Price Index in Indonesia

  • ZAINURI, Zainuri;VIPHINDRARTIN, Sebastiana;WILANTARI, Regina Niken
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.1113-1119
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    • 2021
  • This study aims to determine the impact of the news coverage of the COVID-19 pandemic on the composite stocks' movement (IHSG) in Indonesia. This study used secondary data of daily time series with an observation range of March 2020-June 2020. This study used three main variables, namely, COVID-19 news, the daily price of a composite stock market index (IHSG), and interest rate. This study clarifies pandemic news into two forms to facilitate quantitative analysis, namely, good news and bad news. Both pandemic news conditions, which have been clarified, are then processed into the index and reprocessed along with two other variables using vector autoregressive (VAR). The results showed that the good news have a dominant effect on developing the composite stock price index (IHSG) in Indonesia during the COVID-19 pandemic. Although the good news dominates the composite stock price index (IHSG) movement in Indonesia, the bad news must also be anticipated. By implementing a series of macroeconomic policies that follow the conditions of the composite stock price index (IHSG) movements on the stock exchange floor, the bad news response can decrease the potential for a decline in investor confidence, so that the financial system's macroeconomic stability is maintained.

Analysis of Bank Efficiency Between Conventional Banks and Regional Development Banks in Indonesia

  • ABIDIN, Zaenal;PRABANTARIKSO, R.Mahelan;WARDHANI, Rhisya Ayu;ENDRI, Endri
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.741-750
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    • 2021
  • The research aims to analyze the level of efficiency by grouping banks during the period 2017 - 2018 into category 1 and category 2 banks and then dividing them as Regional Development Banks (BPD) and Non-BPD Conventional Commercial Banks (BUK) within each category. The research objects are banks within the categories BPD and BUK comprised 18 BPDs and 35 BUKs. The research methodology uses 3 stages, first, using Data Envelopment Analysis (DEA) we measure the level of bank efficiency; second, using the Tobit regression model we evaluate the effect of financial performance on DEA efficiency, and third, using the Mann-Whitney test we determine whether there is a difference in the efficiency of category 1 and 2 banks. The results showed that there was a decrease in the efficiency of category 1 and 2 banks but on average, the efficiency of category 1 banks is higher than category 2 banks. The estimation results of the Tobit regression model show that only the ROA variable affects the efficiency level of category 1 banks, while category 2 banks are influenced by NPL and ROA variables. In the Mann-Whitney test, it was proven that there were differences in efficiency between BUK and BPD in category 1 and 2 banks.

The Determinant of Shariah Financing in the Agricultural Sector: Evidence from Indonesia

  • ALAM, Azhar;RUSGIANTO, Sulistya;HASMARINI, Maulidyah Indira;FARHAN, Alifian Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.287-298
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    • 2022
  • Indonesia is an agrarian country with the significant development of Shariah banking. This study aimed to estimate the effect of Third Party Funds (TPF), Non-Performing Financing (NPF), Exchange Rates (ER), and Bank Indonesia Shariah Certificates (SBIS) on the Sharia Agriculture Sector Financing in Indonesia during 2014-2020. This study used the Ordinary Least Square (OLS) technique to analyze the data. The coefficient of determination test showed that 99.19% of Sharia financing in the agricultural sector was influenced by TPF, NPF, Exchange Rate, and SBIS variables. The estimation results showed that the variables of TPF and ER significantly affected Sharia Financing for Agricultural Sector (PP). Meanwhile, the NPF and SBIS variables had no significant effect on PP. This research showed the resilience and accuracy of Islamic banking in selecting financing and can support the development of other Islamic financial instruments such as SBIS. Simultaneous test results demonstrated the existence of the estimating model. Because of the character of the Indonesian nation as an agricultural country, this study advised Sharia banking to prioritize the usage of third-party funds from the public for the agricultural industry. Sharia banking also needed to produce Islamic finance products that fit the agriculture business sector's needs.

Legal Stability and Determinants of Insurance Development in the Middle East and North Africa Region (MENA)

  • BEN DHIAB, Lassad;DKHILI, Hichem
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.2
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    • pp.141-149
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    • 2022
  • Despite the importance of the insurance business for financial and economic development, few studies have looked at the factors that influence its growth. This research adds to the body of knowledge by empirically examining the impact of numerous factors on the development of the insurance business in 15 Middle East and North African (MENA) countries from 2000 to 2017. The study looks at macroeconomic, demographic, and institutional factors as potential drivers of the insurance industry's growth, with the insurance premium as a percentage of GDP as the dependent variable. All variables are stationary at the first difference, according to the IPS panel unit root test. The Pedroni residual cointegration test, Kao residual cointegration test, and Johansen-Fisher panel cointegration tests are then used to look for long-run associations. The cointegration tests strongly suggest that the insurance premium and the various variables have long-run correlations. Findings from the Fully-Modified OLS imply that GDP per capita, gross capital formation, and the KOF economic globalization index have a positive long-term impact on the insurance business. The insurance business is also driven by combating corruption and the rule of law. The population and regulatory quality, on the other hand, have no significant impact.

Effect of Agricultural Exports and Imports on Economic Growth in Bangladesh: A Study on Agribusiness Supply Chain

  • HASAN, Mostofa Mahmud;HOSSAIN, BM Sajjad;SAYEM, Md. Abu;AFSAR, Mahnaz
    • Journal of Distribution Science
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    • v.20 no.11
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    • pp.79-88
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    • 2022
  • Purpose: The purpose of this study was to determine the effect of agricultural exports and imports on economic growth in Bangladesh and propose an upgraded and customized model of the supply chain for agribusiness growth in Bangladesh to achieve plain sailing and systematic operation and financial gains at home and abroad. Research design, data, and methodology: All data in the research have been collected from secondary sources. Gross domestic product was used as the dependent variable and exports and imports of agricultural products were used as independent variables. Pairwise Granger causality was utilized to see the impact of the variable responsible for the economic growth in Bangladesh and the causal relationship between the variables analyzed was measured using Johansen co-integration test. Results: From the empirical analysis, the researchers observed that agricultural commodity imports and exports have a unidirectional impact on economic growth in Bangladesh and a long-run causal link with economic growth in Bangladesh. The suggested supply chain model of agribusiness aids in achieving smooth operations, systematic management, and monetary gains both domestically and internationally. Conclusions: This paper contributes to the development of a more effective and profitable agribusiness supply chain in Bangladesh systematically through their theoretical and practical implications.

Internal Factors Influencing Firm Profitability in the COVID-19 Pandemic: An Empirical Evidence from Vietnam

  • HUYEN, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.81-88
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    • 2022
  • For each country, the growth of the country is significantly associated with the growth of the manufacturing industry. Especially in the early stages of development, the manufacturing industry has greatly played a great role in creating great added value for society and economic development in that country. Starting from a country with a weak manufacturing background, Vietnam is gradually opening up and integrating into the global economy, which has brought many opportunities for manufacturing enterprises in particular and the enterprise community in general, making Vietnam one of the countries with large production activities in Southeast Asia and Asia. The study evaluates the factors affecting the financial performance of manufacturing enterprises through a case study in Hanoi, Vietnam. Using a survey sample of 235 enterprises operating in production and using quantitative analysis methods, the research results show that: Enterprises with high governance quality are enterprises with high economic efficiency or enterprises with low management capacity have low business efficiency. Moreover, large-scale enterprises often have many advantages in seeking profits and improving business efficiency. Finally, the study has some recommendations to improve corporate governance and growth, create a stronger business community and contribute more to Vietnam's economic development.