• 한국콘텐츠학회논문지
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• 제19권9호
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• pp.242-253
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• 2019

2008년 글로벌 금융위기가 유동성위험에서 촉발되었으므로 금융위기 이후 유동성위험 관리방안에 대해 많은 연구들이 수행되었다. 그러나 투자자 보호 정도가 은행들의 유동성위험에 영향을 미치는지에 대해서는 전 세계적으로 아직 연구된 바가 없으므로 본 연구에서는 투자자 보호와 유동성위험과의 관계를 고찰하고 정책적 시사점을 도출하였다. 경제협력개발기구(OECD) 21개국 상업은행들을 대상으로 패널데이터를 구축하여 분석한 결과, 투자자에 대한 보호 수준이 높을수록 은행들의 유동성위험이 낮아짐을 발견하였다. 또한 투자자 보호의 이러한 긍정적 효과는 금융위기 기간 동안 더욱 강화되는 것으로 나타났다. 이는 금융위기 기간 동안 시행되는 강력한 경기부양책으로 인해 시장에 의한 규율이 약화된 상황에서 법적인 투자자 보호제도가 은행들의 건전성 제고에 기여할 수 있음을 시사한다.

• 예술인문사회 융합 멀티미디어 논문지
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• 제7권3호
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• pp.1-9
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• 2017

금융상품은 한 번 성공을 거두게 되면 금융회사에 엄청난 경제적 수익을 가져다주는 경제적·무형적 자산이다. 또한 많은 인적·물적 자원이 투입된 노력의 산물이기 때문에 이를 보호할 필요가 있다. 그러나 현재 우리나라에서는 이처럼 막대한 경제적 이익을 가져다 줄 수 있는 금융상품에 대한 법적·제도적 장치가 미흡한 상황이며, 오히려 업계 전반에 '베끼기 관행'이 만연하고 이러한 구조가 고착화 되면서 차별성 없는 금융상품들이 시장을 차지하고 있다. 이는 결국 소비자의 효용과 후생을 저해하고 금융 산업의 경쟁력에도 악영향을 끼칠 것이다. 새로운 금융상품 및 서비스가 등장하는 금융혁신이 일어나기 위해서는 금융상품에 지식재산권 등의 적절한 권리를 부여하여 이를 보호하는 방안이 필요하다. 이에 본 연구에서는 지식재산권을 통해 금융상품을 보호하는 새로운 방안을 제시하였다. 그것은 저작권법에서 데이터베이스 제작자를 보호하고 있는 메커니즘과 같은 유사한 보호체계를 금융상품에 도입하는 것이다.

• 통상정보연구
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• 제11권4호
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• pp.229-259
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• 2009

Financial service in economy is same with neural net or vein net of human body. Moreover, every economic entity which has experienced global financial crisis in 2008 is realizing more importance and power of financial service, and is recognizing financial service as a part of new engine of growth for economic development. As global linkages relating financial service in the industry are deepened, we can expect that the economic interests between countries are more conflicted. Because financial service is regarded as critical factors in order to ensure future competitive advantage, more active change of financial service paradigm in Korea is required. The purpose of this paper is to analyze the paradigm of financial service in global business aspect, to prepare the global governance strategies about financial service, and to bring up some ideas for Korea's economic development after global financial crisis by intensifying the competitiveness of financial services. It is suggested that Korea should prepare the "Master Law for Financial Service" (provisional name) in advance as governance strategy for financial service. And not only establishing the financial risks prevention system and consumer's protection agency, but financial competitiveness strengthening actions will have to be included in governance strategy of financial service in Korea.

• KDI Journal of Economic Policy
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• 제41권3호
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• pp.1-38
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• 2019

Given capital market imperfections, an entrepreneur can alleviate financial frictions by creating a pyramidal business group in which a parent firm offers its subsidiary firm internal finance. This endogenous creation of pyramidal business groups can beget asymmetric financial frictions between business-group firms and stand-alone firms. I build a model to show that these asymmetric financial frictions can have sizable effects on resource allocation. On one hand, the financial advantage of pyramidal business groups can foster productive firms by incorporating them as subsidiaries. On the other hand, the asymmetrically large amount of external capital controlled by pyramidal business groups can be expended by unproductive business-group firms and push up the equilibrium price of capital. The model suggests that with fine investor protection or low financial frictions, the benefits of pyramidal business groups can be dominated by their costs because the probability of fostering productive subsidiaries diminishes as the efficiency of external capital markets improves, while the prevalence of pyramidal business groups is not attenuated due to their continuing asymmetric financial advantage.

• 정보보호학회논문지
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• 제28권3호
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• pp.729-741
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• 2018

2015년 6월 24일 금융위원회에서는 보안성심의를 전면 폐지하고, 자체 보안성심의로 보안 수준 점검 의무를 갈음한다고 하였다. 금융기관의 보안담당자는 안전한 전자금융거래를 위해 보안성 검토를 할 경우에 CIA 보안등급을 기반으로 보안성심의를 수행하고 있다. 그러나 최근 인터넷,모바일 전자금융거래의 보안성 검토는 좀 더 깊이가 필요한 경우, 별도의 프로세스를 점검하거나 신기술, 보안 관련 자료를 참고하여 보안성심의를 수행하고 있다. 본 논문은 CIA 기반의 보안등급에 인증과 개인정보보호 지표를 추가한 CIAAP 보안등급을 제안하며 특히, 전자금융거래의 보안성 검토를 진행할 때 본 CIAAP 보안등급을 참고하여 개인정보보호 영역의 검토가 누락되지 않고, 강화된 인증 관련 지표의 추가를 통한 보안성 검토가 필요함을 제안한다.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 추계학술대회 논문집 전력기술부문
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• pp.159-161
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• 2005

Transmission congestion is one of the key factors to local market power in competitive electricity markets. Financial transmission rights provide the financial protection to their holders by paying back the congestion cost. However, the market participants who have market power can exacerbate their market power. Due to the exacerbated market power, this paper analyzes the mitigation of local market power using Contingent transmission rights on the market price. Contingent transmission rights provide not only the financial protection but also regulative penalty. The proposed methodology was demonstrated with the Optimal Power Flow(OPF).

• 한국항만경제학회지
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• 제19권2호
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• pp.177-202
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• 2003

Balassian Approach of regional economic integration has been mainly aimed at improving conditions for regional trade since 1960s. After the financial crises of the late 1990s, however, the theoretical approach to regional integration will have to be a different one as regionalism have to offer enhanced protection against crises. The aim of this paper, above all, is to provide a theoretical framework for the emerging new monetary regionalism. Regions that wish to strengthen their co-operation in monetary and financial affairs today have the option of monetary regionalism without trade agreement. East Asian region will become an increasingly important domain within which to explore enhanced protection against financial crises. And as Korea seems to play a crucial role in building regional integration among ASEAN＋3(Korea, China and Japan) countries, alternative policy for Korean economy to be the North-east Asian Economic Base need to be schemed on the basis of Balassian as well as monetary regionalism.

• 유통과학연구
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• 제15권5호
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• pp.17-28
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• 2017

Purpose - Considering the environmental issues in corporate management is now a necessity, not an option. In addition, consumers' interest in health and environment has increased rapidly. This study aims to investigate how the management style that pursues environmental protection affects the various outcomes at each management process such as planning, producing and supervising process. Research design, data, and methodology - We surveyed 319 manufacturing companies from April 1 to April 30, 2016. Green purchasing, environmental technology management and management support are selected as independent variables and firm performances as dependent variables. Three analyses including factor, regression and moderating were conducted. Results - Regression analysis was performed to set up hypotheses. Consequently, the total six hypotheses were adopted and then innovative management style showed moderating effect. Conclusions - Companies should consider environmental factors to improve the financial performance in the long term. Especially the cooperative style enhances financial performance by implementing eco-friendly design in cooperation with customers. Also, eco-friendly activities with suppliers could have direct environmental protection effects. Therefore, a manufacturer needs to cooperate with both suppliers and customers to maximize the protection effect. The production of eco-friendly products and implementing eco-friendly design with customers positively affect product quality.

• 기업가정신과 벤처연구
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• 제19권1호
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• pp.59-84
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• 2016

본 연구에서는 세계 각국의 자료를 이용하여 현금보유와 발생액의 질로 측정한 재무보고의 질의 관계를 연구하였다. 본 연구의 실증분석결과는 미국을 제외한 세계 각국의 시장에서 현금보유가 재무보고의 불투명성과 양의 상관관계가 있음을 발견하였다. 이러한 관계는 투자자보호가 강해짐에 따라 더욱 강하게 나타났는데, 이것은 대리인 동기가 아닌 예방적 동기가 불투명한 기업의 현금보유의 주요 결정요인임을 보여준다. 이러한 양의 상관관계는 재량적 발생액의 질에서 뚜렷하게 나타났다. 투자자보호를 그 속성별로 나누어 본 결과는 규제기관을 통한 투자자보호가 기업 재무보고의 불투명성과 현금보유 사이의 양의 관계를 강화하는 것으로 나타났다.

• The Journal of Asian Finance, Economics and Business
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• 제8권9호
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• pp.79-89
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• 2021

Green finance plays an important role in environmental protection missions and fighting climate change. The Environment Fund in Vietnam is the main channel of preferential capital offered to firms for environmental protection. Unfortunately, it was previously unknown which criteria influenced these companies' ability to obtain green financing. Using a survey method, we collected data through a structured questionnaire of 203 respondents that represent firms that had received concessional loans from 26 Environment Funds. A Multiple Linear Regression model was used to examine the determinants of access to concessional loans for environmental protection. We found relationships between age, size, ownership type, and industry sector, and access to green finance. Third-party guarantees were a significant factor in financing through Environment Funds. Moreover, we found commercial environmental projects face fewer green financing obstacles. Surprisingly, showing audited financial statements does not mitigate the information asymmetry between firms and these financial institutions. These findings suggest that Environment Funds should classify environmental project types to develop appropriate lending policies. In emerging markets, enterprises need to build a trusted relationship with financial institutions so that they can replace asset-based lending techniques, thereby increasing the firms' accessibility to green finance.