• 제목/요약/키워드: fund

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DEA를 이용한 펀드(fund)의 성과 평가

  • 강맹수;홍효정
    • 한국경영과학회:학술대회논문집
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    • 한국경영과학회 2006년도 추계학술대회
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    • pp.409-412
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    • 2006
  • 펀드의 성과 평가는 펀드선택 의사결정시 가장 중요한 고려요인이다. 전통적인 펀드 성과평과 지표인 샤프비율이나 트레이너 비율은 운용비용과 거래비용 등과 같은 다양한 요소들을 반영하지 못하고 있다. 펀드의 여러 수익과 비용요인들을 반영하기 위해, 본 연구에서는 DEA를 이용하여 펀드의 상대적인 효율성을 측정하였다. 분석자료는 2005년 12월 31일까지 국내에 존재하는 3년 이상 운용된 67개의 장기펀드를 대상으로 분석하였다. 입력변수는 비용과 관련된 총 보수율, 월수익률의 표준편차, 펀드 규모를 나타내기 위한 평균설정좌수를 이용하였고 출력변수는 이익과 관련된 예상 월평균수익률과 시장포트폴리오의 월수익률을 상회한 기간의 비율을 사용하였다. 본 연구결과, DEA를 통해 수익률만으로는 평가할 수 없는 펀드의 운용능력을 평가할 수 있었다.

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가계의 개인연금 보유 여부와 불입액의 영향요인 분석 (The Ownership and an Assesment of the Individual Retirement Account)

  • 문숙재
    • 대한가정학회지
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    • 제35권5호
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    • pp.265-277
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    • 1997
  • The purpose of this study are to identify the type and the amount of household's individual retirement account for retirement fund and to investigate the factors contributing to a individual pension account holding and an assessment. Data used in this study consisted of 2,667 households from 1994 KHPS. Statistics employed to analyze the data are Mean, Frequency, Percentile, Logistic and OLS. the result of this study were as follows; Among 2,677 households' 426 households(15.9%) owned the individual retirement account. Most household heads with individual retirement fund are the salaried and self-employed. More households with individual retirement account have saving account, stock than those without individual retirement account. Age, occupation of household head, total income, stock ownership had significant effects on whether household having individual retirement account. And Age of household head, net worth, saving account ownership had significant effects on the assessment of individual retirement account holding.

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투자자의 손실회피 성향과 해석수준이 금융상품 태도에 미치는 영향 (The Effects of Loss Aversion and Construal Level on the Attitude toward Financial Products)

  • 강현모
    • 지식경영연구
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    • 제18권1호
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    • pp.49-65
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    • 2017
  • Financial products entail either gains or losses, and customers' psychological reaction to these gains and losses affect the selection of the financial products. This study explains the financial customers' behavior by introducing consumers' psychological variables such as loss aversion and construal levels. According to the construal level theory, people use more abstract and higher levels of construal to represent objects that are more distant on psychological distance. Based on extant research about loss aversion and construal levels, this study proposes two hypotheses and test the hypotheses. The experimental study examines how loss aversion affects the choice between deposit products and fund products in short-term and long-term investment situations. In the long-term condition the respondents prefer fund products to deposit products, whereas in the short-term condition the respondents have showed the opposite result. Also, the effects of loss aversion on preferences for financial products have interacted with the time horizon of investments. Implications and limitations are discussed to establish more effective marketing strategies based on the results of this study.

Policy Fund Loans and Improvement Plans for Small Enterprise

  • Kim, Young-Ki;Kim, Seung-Hee
    • 유통과학연구
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    • 제13권10호
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    • pp.5-13
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    • 2015
  • Purpose - This study aims to suggest appropriate policies and performance indicators for financial aid recipients. It analyzes the existing regular government policy funds support project, especially its propriety and reasonability. Research design, data, and methodology - When financial aid is effective, it should be able to predict small enterprise business results. Additionally, there should be an evaluation, checking before and after performance rates so that the rate of achievement and outcome can be measured. This study's contribution for small enterprises is in researching the best way to improve this support system. Results - The Small Enterprise and Market Service (SEMAS), currently designated as a support organization for implementing the government financial aid project, has assessment indicators. However, these focus mainly on quantitative indicators and survey results. Conclusions - In the future, there is some need to draw up measures, setting the right direction for developing policies for the small enterprise fund loans and improving the management of the plans. Eventually, this effort will dispel concerns about the present support policy, which is considered to be weakening small enterprises.

제주 전통돌담의 유지보전에 관한 의식조사 (A Survey on Preservation of Traditional Stone Fences in Jeju)

  • 이상영
    • 농촌계획
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    • 제13권1호
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    • pp.33-40
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    • 2007
  • The purpose of this paper is to analyze the value of stone fences in Jeju Island. The result that executes attitude survey to local resident and visitor can be summarizing as following. First are the function and the value of Jeju traditional stone fences. Local resident favored the culture heritage succession and evaluated its' usage Value highly. Visitors also have favored rural landscape offer function and evaluated inheritance value (Bequest Value) highly. Secondly, 80.5% of visitors, 78.1% of local resident have formed opinion about preservation of traditional stone fences. But the Willingness to pay for traditional stone fences fund was raised by 38.6% in local resident and 55.7% in visitor. The reason that willingness to pay does not exist is that it is chargeable to connection group and government, or it has no money to pay. Thirdly, local resident wanted to use made up stone fence preservation fund in rural landscape offer function. Visitor wanted that it is used to raise various function of stone fence.

자금제약하에서의 소모성 동시조달부품의 최적구매량 결정 (Optimal Provisioning Quantity Determination of Consumable Concurrent Spare Part under the Fund Limitation)

  • 오근태;차상원
    • 산업경영시스템학회지
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    • 제24권69호
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    • pp.1-12
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    • 2001
  • In this paper, the consumable concurred spare parts requirement determination problem of newly procured equipment systems is considered. The problem is formulated as the operational availability maximization problem with any given fund limitation. the that the failure of a part follows a Poisson process and part failure rate is constant in spite of the decrease of number of equipments during operational period, an analytical method is developed to obtain spare part requirements using the generalized Lagrange multipliers method, The numerical examples show that analytic solution is mostly equal to the realistic solution obtained from simulation regardless of assumptions about part failure rate. It is expected that the analytical method developed in the paper can be effectively used to make a budget for provisioning the concurrent spare parts of newly procured equipment system.

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대규모 연구 프로젝트 타당성 분석에 관한 연구 (A Study on the Feasibility Analysis of Large Scale Research Project)

  • 이홍철;황인주;김태형
    • 대한설비공학회:학술대회논문집
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    • 대한설비공학회 2008년도 동계학술발표대회 논문집
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    • pp.334-339
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    • 2008
  • Nowadays national research and development fund is continuously increased. And the evaluation on the feasibility of R&D budget investment was carried out. Through this study it was possible that a business feasibility evaluation of large scale research project. Also the benefit of research project about large scale plant(A plant) is $2.67{\sim}3.76$ times of research funds, and the R&D fund pay-back period is $6{\sim}8$ years. And also there is employment effect as $1,200{\sim}2,200$ every year, and $22,000{\sim}35,000$ within 20 years after research project.

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주식형 펀드의 성과요인 분석에 관한 연구 (A Study on Performance Cause Analysis for the Fund of Stack Type)

  • 여동길;김상오
    • 산업경영시스템학회지
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    • 제14권24호
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    • pp.207-219
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    • 1991
  • We studied performance evaluation methods for each cause by using a benchmark and also researched performance measurement models which based on CAPM. In this study, we analyzed the beneficiary certificate of stock type of three large domestic investment trust company. The purpose of this paper is improving the efficiency of investment maintenance and the operating the ability of fund operator by analyzing the contribution of the rate of return on investment and the cause of operating performance. We applied this study to the increasing aspect of stock price(Jan. 1988-April. 1999) as well as the decreasing aspect of stock price(April, 1989-July. 1990).

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대학병원의 재무성과 비교 분석 (Comparative Analysis of Financial Performance in University Hospital)

  • 양종현
    • 보건의료산업학회지
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    • 제14권2호
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    • pp.15-27
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    • 2020
  • Objectives: The purpose of this study is to compare analysis of financial performance in university hospitals. Methods: Data from 2005 to 2017 were collected from income statement, balance sheet, and annual reports in 23 university hospitals. The dependent variables are used financial performance, namely, medical profit to total assets, medical profit to medical revenue, and net profit to medical revenue. The independent variables are establishment type, hospital province, bed, open liquidity, stability, and activity. Results: From 2005 to 2007, university hospitals steadily increased medical revenues, nonmedical revenues, medical profit, net profit, and reserve fund for essential business by investing fixed assets using financial leverage. From 2015 to 2017, the debt ratio was minimized based on existing management performance. Results showed that university hospitals maintained high profitability by actively investing in medical equipment, medical environment, and facilities using reserve fund for essential business. Conclusions: Results suggest that this will be the basic data for efficient management of university hospitals.

섬유(纖維).패션산업(産業)의 역동성(逆動性)에 따른 기업성과(企業成果)에 영향(影響)을 미치는 창업요소연구(創業要素硏究) (A Study on Entrepreneurial Components Influencing upon Performance of Firm Due to Dynamics of Textile.Fashion Industry)

  • 신상무;김태동
    • 패션비즈니스
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    • 제9권5호
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    • pp.51-64
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    • 2005
  • The purpose of this study was to investigate how different priorities were among entrepreneurial components influencing upon performance of firm regarding dynamics of textile fashion industry. For research method, 200 questionnaires were distributed to professionals such as entrepreneurs, and managers of textile fashion business. The returned 122 questionnaires were analyzed by regression analysis with SPSS 10.0. The results of this study were as follows: There were significant differences that the most influential component was fund among entrepreneurial components affecting performance of firm, and business idea, and entrepreneur's characteristics in a descending order. But when considering dynamics of textile fashion industry, the most influential component was business idea, and entrepreneur's characteristics, and fund in a descending order.