• Title/Summary/Keyword: global performance analysis

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Capital Market Volatility MGARCH Analysis: Evidence from Southeast Asia

  • RUSMITA, Sylva Alif;RANI, Lina Nugraha;SWASTIKA, Putri;ZULAIKHA, Siti
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.117-126
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    • 2020
  • This paper is aimed to explore the co-movement capital market in Southeast Asia and analysis the correlation of conventional and Islamic Index in the regional and global equity. This research become necessary to represent the risk on the capital market and measure market performance, as investor considers the volatility before investing. The time series daily data use from April 2012 to April 2020 both conventional and Islamic stock index in Malaysia and Indonesia. This paper examines the dynamics of conditional volatilities and correlations between those markets by using Multivariate Generalized Autoregressive Conditional Heteroscedasticity (MGARCH). Our result shows that conventional or composite index in Malaysia less volatile than Islamic, but on the other hand, both drive correlation movement. The other output captures that Islamic Index in Indonesian capital market more gradual volatilities than the Composite Index that tends to be low in risk so that investors intend to keep the shares. Generally, the result shows a correlation in each country for conventional and the Islamic index. However, Internationally Indonesia and Malaysia composite and Islamic is low correlated. Regionally Indonesia's indices movement looks to be more correlated and it's similar to Malaysian Capital Market counterparts. In the global market distress condition, the diversification portfolio between Indonesia and Malaysia does not give many benefits.

Performance Analysis of the Anti-Spoofing Array Antenna with Eigenvector Nulling Algorithm

  • Lee, Kihoon;Song, Min Kyu;Lee, Jang Yong
    • Journal of Positioning, Navigation, and Timing
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    • v.11 no.3
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    • pp.181-189
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    • 2022
  • The public open signals from Global Navigation Satellite System (GNSS) including Global positioning system (GPS) are used widely by many peoples in the world except for the public regulated restriction signals which are encrypted. Nowadays there are growing concerns about GNSS signal spoofing which can deceive the GNSS receivers by abusing these open services. To counter these spoofing threats, many researches have been studied including array antenna techniques which can detect the direction of arrival by means of Multiple Signal Classification (MUSIC) algorithm. Originally the array antenna techniques were developed to countermeasure the jamming signal in electronic warfare by using the nulling or beamforming algorithm toward a certain direction. In this paper, we study the anti-spoofing techniques using array antenna to overcome the jamming and spoofing issues simultaneously. First, we will present the theoretical analysis results of spoofing signal response of Minimum Variance Distortionless Response (MVDR) algorithm in array antenna. Then the eigenvector algorithm of covariance matrix is suggested and verified to work with the existing anti-jamming method. The modeling and simulation are used to verify the effectiveness of the anti-spoofing algorithm. Also, the field test results show that the array antenna system with the proposed algorithms can perform the anti-spoofing function. This anti-spoofing method using array antenna is very effective in the view point of solving both the jamming and spoofing problems using the same array antenna hardware.

An Analysis of the Economic Impact of International Society and Unilateral Sanctions (국제사회와 독자제재에 따른 경제적 영향 분석)

  • Hee-Jun Kim;Myong-Sop Pak
    • Korea Trade Review
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    • v.45 no.4
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    • pp.83-93
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    • 2020
  • Sanctions by the international community can increase their effectiveness with the participation of major countries with global economic influence, and can lead to efficient sanctions against the target countries when different sanctions procedures and methods can be operated in an integrated manner. To this end, it is being carried out with the aim of maximizing the performance of sanctions through collective economic solidarity by inducing international participation centered on the joint agenda, such as drawing up a resolution for sanctions. In this study, the definition and purpose of sanctions imposed by the international community and by major specific countries were explained and an empirical analysis was conducted on the economic impact of each sanctions, focusing on the United Nations Security Council and the United States, which directly implement them. Based on the selected research model, the effects of economic sanctions on the international community and countries subject to sanctions by certain countries were mutually compared and analyzed in the data. Finally, the conclusion obtained from this study was stated and the implications were derived and the possibility of further research expansion was described.

A Study on the Effects That SMEs' Response to Non-Tariff Barriers Exerts on Export Performance: Focusing on Technical Barriers to Trade

  • Joo, Se-Hwan;Lee, Jae-Sung
    • Journal of Korea Trade
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    • v.25 no.6
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    • pp.105-125
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    • 2021
  • Purpose - This study analyzes the effects that the response to the technical barriers to trade (TBT), which are used by various countries as means to restrict imports, exerts on exports at a time when protectionism is emerging in the face of a global economic downturn. TBT has been widely used in developed countries for the safety and protection of their people. Recently, the use of TBT as a tool of protectionism has increased considerably in developing countries as well. Therefore, this study analyzes the South Korean SMEs' response and export performance. Design/methodology - To analyze SMEs' response to TBT and their export performance, this study conducted empirical analysis through statistical analysis. To this end, the research established a theory based on previous research and designed its hypothesis and research model. To verify the hypothesis and research model, factor analysis addressing validity and reliability was performed using SPSS 25 and AMOS 26, and the structural equation model was analyzed. Findings - This study found the causal relationship between the independent variable, the mediating variable, and the dependent variable adopted against the theoretical background to have little or no effect, in contrast with previous studies. In a break from previous studies, all hypotheses were rejected for innovation strategic competencies, one of the sub-factors of the independent variable, which is believed to be a result of the lack of practical research related to TBT. Originality/value - Previous studies performed analysis using trade statistics or macro data. A number of such studies analyzed the relationship between technical regulation and trade volume. This study differs from previous studies in some respects, because it analyzed the export performance of companies by establishing a hypothesis and implementing a research model with the factors analyzed in previous studies. In addition, a new attempt has been made by classifying the TBT response factors into technology competencies, human resource competencies, and innovation strategic competencies, and utilizing technology innovation and the export support system as mediating effects.

Issue Leadership and Work Performance: Mediating Effect of Job Challenge and Moderated Mediation Effect of Psychological Ownership (이슈리더십과 조직구성원의 업무성과: 직무 도전성의 매개효과와 심리적 주인의식의 조절된 매개효과)

  • Choi, Suk Bong;Hong, Seon Mi
    • Journal of Korean Society for Quality Management
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    • v.52 no.2
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    • pp.241-254
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    • 2024
  • Purpose: This paper investigated the effects of issue leadership on employees' work performance. It also explored the mediating role of job challenge in the above relationship. We also tested the moderating effect of psychological ownership in the relationship between issue leadership and job challenge. Finally, this paper examined the moderated mediation effect of psychological ownership in the course of affecting issue leadership on work performance via job challenge. Methods: This paper used a cross-sectional design with questionnaires administered to 390 employees working in Korean firms. It applied an hierarchical and multi-regression analysis by using SPSS 22.0 and Hayes' Macro Process to test the proposed hypotheses including a moderated mediation model. Results: As a result of the analysis, first, it was found that the issue leadership had a positive effect on the work performance. Second, it was also found that issue leadership had a positive effect on the job challenge. In addition, job challenge was found to positive mediating effect in the relationship between issue leadership and work performance. Third, we found that the psychological ownership positively moderated the relationship between issue leadership and job challenge. Finally, the moderated mediating effect was found by confirming that the higher the degree of psychological ownership, the stronger the effect of issue leadership on the work performance via job challenge. Conclusion: This paper contributes to the leadership and work performance studies by identifying the role of issue leadership enhancing employee work performance while confirming connection mechanism and boundary conditions strengthening the positive effect of issue leadership on employee work performance.

Inelastic Stress Analysis of 1/4 Scale Prestressed Concrete Containment Vessel Model (프리스트레스 콘크리트 격납건물 1/4 축소모델의 비탄성응력해석)

  • 이홍표;전영선;신재철
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 2004.04a
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    • pp.301-308
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    • 2004
  • The present study mainly focuses on the inelastic stress analysis of the 1/4 scale prestressed concrete containment vessel model(PCCV) under internal pressure and evaluates not only failure mode but also ultimate pressure capacity of the PCCV. Inelastic analysis is carried out 2D axisymmertic FE model and 3D FE model using four concrete material models which are Drucker-Prager Model, Chen-Chen Model, Damaged Plasticity Model and Menetrey-Willam Model. The uplift phenomenon of the basemat is considered in the 2D axisymmetric FE models. It is found from the 2D axisymmetric analysis results that both of Drucker-Prager model and Damaged Plasticity Model have a good performance and the uplift of the basemat is too small to influence on the global behavior of the PCCV. The FE analysis results on the ultimate pressure and failure mode have a good agreement with experimental results.

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A Study on Performance Improvement of TDMA Noise in a GSM Mobile Phone using the Noise Measure Method (잡음 대책법을 이용한 GSM 방식 이동전화기의 TDMA 잡음 개선에 관한 연구)

  • Oh, Se-Kab;Choi, Jae-Myeong;Kang, Heau-Jo
    • Journal of Advanced Navigation Technology
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    • v.13 no.3
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    • pp.406-411
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    • 2009
  • In this paper, we study the method of noise analysis for analysing TDMA noise in a GSM mobile phone and describe the cause of TDMA noise. And we reduced noise by 9dB, 3.5dB, 6dB, using MIC shielding, equipped bead or capacitance, connected PCB ground based on the difference analysis method, which is one of common noise analysis methods.

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Analysis on the Multi-Constellation SBAS Performance of SDCM in Korea

  • Lim, Cheol-Soon;Park, Byungwoon;So, Hyoungmin;Jang, Jaegyu;Seo, Seungwoo;Park, Junpyo;Bu, Sung-Chun;Lee, Chul-Soo
    • Journal of Positioning, Navigation, and Timing
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    • v.5 no.4
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    • pp.181-191
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    • 2016
  • A Satellite Based Augmentation System (SBAS) provides differential correction and integrity information through geostationary satellite to users in order to reduce Global Navigation Satellite System (GNSS)-related errors such as ionospheric delay and tropospheric delay, and satellite orbit and clock errors and calculate a protection level of the calculated location. A SBAS is a system, which has been set as an international standard by the International Civilian Aviation Organization (ICAO) to be utilized for safe operation of aircrafts. Currently, the Wide Area Augmentation System (WAAS) in the USA, the European Geostationary Navigation Overlay Service (EGNOS) in Europe, MTSAT Satellite Augmentation System (MSAS) in Japan, and GPS-Aided Geo Augmented Navigation (GAGAN) are operated. The System for Differential Correction and Monitoring (SDCM) in Russia is now under construction and testing. All SBASs that are currently under operation including the WAAS in the USA provide correction and integrity information about the Global Positioning System (GPS) whereas the SDCM in Russia that started SBAS-related test services in Russia in recent years provides correction and integrity information about not only the GPS but also the GLONASS. Currently, LUCH-5A(PRN 140), LUCH-5B(PRN 125), and LUCH-5V(PRN 141) are assigned and used as geostationary satellites for the SDCM. Among them, PRN 140 satellite is now broadcasting SBAS test messages for SDCM test services. In particular, since messages broadcast by PRN 140 satellite are received in Korea as well, performance analysis on GPS/GLONASS Multi-Constellation SBAS using the SDCM can be possible. The present paper generated correction and integrity information about GPS and GLONASS using SDCM messages broadcast by the PRN 140 satellite, and performed analysis on GPS/GLONASS Multi-Constellation SBAS performance and APV-I availability by applying GPS and GLONASS observation data received from multiple reference stations, which were operated in the National Geographic Information Institute (NGII) for performance analysis on GPS/GLONASS Multi-Constellation SBAS according to user locations inside South Korea utilizing the above-calculated information.

A study on the analyzing of uncertainty for actual evapotranspiration: flux tower, satellite-based and reanalysis based dataset (실제증발산 자료의 불확실성 파악에 관한 연구: flux tower, 인공위성 및 재분석자료)

  • Baik, Jongjin;Jeong, Jaehwan;Park, Jongmin;Choi, Minha
    • Journal of Korea Water Resources Association
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    • v.52 no.1
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    • pp.11-19
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    • 2019
  • In this study, the actual evapotranspiration products of Global Land Data Assimilation System (GLDAS), Global Land Evaporation Amsterdam Model (GLEAM) and MOD16, which are satellite- and reanalysis-based dataset, were validated at the flux tower sites (i.e., CFK and SMK) managed by Korea Institute of Hydrological Survey, and the uncertainty and correlation analysis were conducted using Triple Collocation (TC) method. The result of validation with the flux tower showed better agreement in the order of GLEAM> GLDAS>MOD16. At the result of three combinations (S1: flux tower vs. GLDAS vs. MOD16, S2: flux tower vs. GLDAS vs. GLEAM, S3: flux tower vs. GLEAM vs. MOD16), the order of best to worst is GLEAM, GLDAS, MOD16, and flux tower for CFK (GLDAS> GLEAM>MOD16>flux tower for SMK). Since the error variance and correlation coefficients of the flux tower show relatively worse performance in TC analysis than the other products, By applying TC method to three products (GLDAS vs. GLEAM vs. MOD16), the uncertainty of each dataset were evaluated at the Korean Peninsula, As a results, the GLDAS and GLEAM performed reasonable performance (low error variance and high correlation coefficient), whereas results of MOD16 showed high error variance and low correlation coefficient at the cropland.

The Impact of Servicescapes of Global Coffee Franchise Store on Customer Satisfaction and Loyalty: The Case Study of 'C' Franchising Company in Mongolia (글로벌 커피 프랜차이즈 전문점의 서비스스케이프가 고객만족과 충성도에 미치는 영향 : 몽골의 'C' 기업의 사례 연구)

  • Samdan, Davaasuren;Han, Young-Wee;An, Dae-Sun
    • The Korean Journal of Franchise Management
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    • v.9 no.3
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    • pp.19-29
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    • 2018
  • Purpose - Due to the increase in coffee consumption and competition, domestic coffee franchise companies are currently entering the overseas market. Therefore, coffee franchise companies are pursuing a variety of marketing strategies to meet customer needs and gain competitive advantage in overseas markets. From this perspective, overseas franchise companies need to ensure that their servicescapes meet the needs of their overseas customers. For these purposes, the study is to identify the impact servicescapes on customer satisfaction and customer loyalty focused on Global Coffee Franchise Company "C", which extended its business worldwide in Mongolia. Research design, data, and methodology - The data were collected from customers who had visited the stores of 'C' company in Ulaanbaatar, Mongolia. 435 valid questionnaires collected through online survey coded and analyzed using frequency, confirmatory factor analysis, correlations analysis, and structural equation modeling with SPSS 24 and SmartPLS 3.0. Result - Firstly, seating comfort, facility aesthetics, and cleanliness, ambient conditions among servicescapes influenced customer satisfaction. Secondly, servicescapes didn't affect the loyalty directly. Third, customer satisfaction had positive effect on loyalty. Fourthly, cleanliness which was ranked lower in Korea had a great effect on customer satisfaction in Mongolia. Fifthly, IPMA(Importance-performance map analysis) shows that the importance of servicescapes is higher for women than for men, and facility aesthetics for female and cleanliness is the most important for male. Conclusions - The results of this study show that there is a positive (+) effect on customer satisfaction in order of cleanliness, ambient conditions, aesthetics, and seating comfort. Therefore, franchise companies considering or advancing into Mongolia should consider importance in order of cleanliness, ambient conditions and aesthetics when entering Mongolia market. For example, franchise managers should select Monday as a "clean day," and all merchants should spend all of their open hours and keep their stores clean in accordance with the head office manual. In addition, franchise managers need to hire a VMD (visual merchandising) experts to build up a physical environment that will effectively highlight the space-specific display of the store so that Mongolian local customers can have a satisfactory climate and aesthetics. And, the IMPA analysis between servicescapes and customer satisfaction shows that women are more susceptible to servicescapes than men. Especially, in the case of women, the importance of esthetics is high, but the performance is low. Thus, if the aesthetics are actively improved, customer satisfaction can be effectively increased.