• Title/Summary/Keyword: macro variable

Search Result 125, Processing Time 0.025 seconds

A Post-Keynesian Analysis of the Effects of Government Financial Expenditure on Capital Accumulation (정부의 금융지출이 자본축적 경로에 미치는 효과: 포스트 케인지언 분석)

  • Ko, Min-Chang;Lee, Sangheon
    • 사회경제평론
    • /
    • no.38
    • /
    • pp.163-198
    • /
    • 2012
  • This analysis suggests a post Keynesian macro-dynamic model that integrates a financial variable, firm's debt, into the post Keynesian model of growth and distribution. On the basis of it, this study analyzes the effects of government financial expenditure on capital accumulation empirically. It also studies empirically whether a regime shift has arisen since Asian financial crisis in 1997. This paper shows that government financial expenditure has exerted an positive effect on capital accumulation. This empirical result supports government intervention in financial market in recurrence of financial crises. This study also finds grounds for a change in accumulation regime since Asian financial crisis in 1997.

Mediation Effect of Menopausal Symptoms between Occupational Stress and Quality of Life among Middle-aged Working Women (중년기 직장여성의 직무스트레스와 삶의 질의 관계에 대한 갱년기 증상의 매개효과)

  • Cho, OK-Hee;Lim, Jong-Mi
    • Journal of Home Health Care Nursing
    • /
    • v.28 no.3
    • /
    • pp.266-275
    • /
    • 2021
  • Purpose: This study was conducted to explore the mediating effect of menopausal symptoms in the relationship between occupational stress and quality of Life in middle-aged working women Method: Data collection was conducted from May 2019 to July 2019. A sample of 130 middle-aged working women was recruited from three cities in Korea. The collected data were analyzed using descriptive statistics, t-tset, ANOVA, Scheffé test, pearson correlation, and a three step regression analysis. The mediating effect was analyzed using PROCESS macro with a 95.0% bias corrected bootstrap confidence interval (5,000 bootstraps resampling). Results: Quality of life had a negative correlation with occupational stress and menopausal symptoms, while there was a positive correlation between occupational stress and menopausal symptoms. Menopausal symptoms showed a direct effect on quality of life through occupational stress as a mediating variable. Conclusion: These results suggest that menopausal symptoms should be considered when developing interventions to improve quality of life through occupational stress control of middle-aged working women

Effects of Teachers' Playfulness on Child's Peer Competence: The Mediating Effects of Teacher-Child Interaction (교사의 놀이성이 유아의 또래유능성에 미치는 영향: 교사-유아 간 상호작용의 매개효과)

  • Lee, Hyeyoung;Kim, Yumi
    • Korean Journal of Childcare and Education
    • /
    • v.17 no.2
    • /
    • pp.121-142
    • /
    • 2021
  • Objective: The purpose of this study is to examine the mediating effect of teacher-child emotional, verbal, and behavioral interactions on the relationship between teacher playfulness and children's peer abilities. Methods: The research method used the questionnaire method to collect data on 420 children aged 3-5 years old, targeting 108 homeroom teachers working at early childhood education institutions located in Seoul and Gyeonggi area. The collected data was analyzed using the IBM SPSS 23.0 statistical program and the PROCESS macro of Hayes (2013). Results: This study confirmed that teachers' verbal, emotional, and physical interactions are closely related to young children's peer competence. In addition, it was confirmed that the teacher's playability is an important variable that affects not only the emotional, verbal, and physical interactions between the teacher and the infant, but also the peer competence of young children. Conclusion/Implications: The results of this study have significance as basic data that suggests that it is necessary to improve the playability of teachers and increase the quality level of the multifaceted aspects of teacher-infant interaction in order to support young children's peer competence.

Exploring Stock Market Variables and Weighted Market Price Index: The Case of Jordan

  • ALADWAN, Mohammad;ALMAHARMEH, Mohammad;ALSINGLAWI, Omar
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.3
    • /
    • pp.977-985
    • /
    • 2021
  • The main aim of the study is to provide empirical evidence about the association between stock market exchange data and weighted price index. This research utilized monthly reported data from the Amman stock exchange market (ASE) and the Central Bank of Jordan (CBJ). The weighted price index was employed as the dependent variable and the independent variables were weighted price index (WPI), turnover ratio (TOR), number of trading days (NTD), price-earnings ratio (PER), and dividends yield ratio (DY). The time period of the study was from January 2015 to October 2020. The study's methodology follows a quantitative approach using the multiple regression method to test the hypotheses of the study. The final results of the study provided conclusive evidence that the market-weighted price index is strongly and positively correlated to three predetermined variables, namely; turnover ratio, price-earnings ratio, and dividend yield but no evidence was obtained for the effect of the number of trading days. The finding of the current study proved that the market price index is not only influenced by macro factors, but also by other variables assumed to not beneficial for the judgment of price index movements.

The Role of Corporate Social Responsibility on the Relationship between Financial Performance and Company Value

  • UTAMI, Elok Sri;HASAN, Muhamad
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.3
    • /
    • pp.1249-1256
    • /
    • 2021
  • This study investigates the company value determinant by observing the effect of financial performance and Corporate Social Responsibility (CSR) and its role in moderating performance achievement. The macro-economy variables such as inflation and interest rate are also used as the controlling variable. This research employs the sample of manufacturing companies of the food and beverage sub-sector listed on the Indonesia Stock Exchange. This study used panel data from 2013 to 2017, with the moderating regression analysis. The result shows that the profitability of the current or previous period affects the company's value. CSR and company size affect the company value at the next period shows that stock price, which reflects the investor's perception today, will be affected by the CSR, Size, and Return On Asset of the previous year. CSR also shows that it can be the substitute for profitability since a company that performs CSR is the one that has a good performance. The regression moderating model and the profitability of the previous period have a higher explanatory power than the higher R square value in explaining company value.

Islamic Bank Efficiency in Indonesia: Stochastic Frontier Analysis

  • OCTRINA, Fajra;MARIAM, Alia Gantina Siti
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.8 no.1
    • /
    • pp.751-758
    • /
    • 2021
  • This research is conducted to measure the efficiency level of Islamic banking in Indonesia and also to analyze the factors that can affect its efficiency level. This research used a purposive sampling technique to determine the sample size that will be used, with criteria that the bank has been operating since 2010 and consistently published its financial reports during the research period from 2011 until 2019; therefore, the total sample obtained was 11 samples. Analysis for efficiency level is done by using linear programming Stochastic Frontier Analysis (SFA), with test tool in the form of Frontier 4.1 and Eviews9 to find out what factors that affect efficiency. Efficiency test is done by involving input and output, while influence test used bank-specific variables comprising bank size, bank financial ratio, and macro-economy variable. Research result shows that there are only two banks that are almost close to being fully efficient firms, but the result still does not indicate that Islamic bank works efficiently. Results of the influence test show that factors affecting Islamic banking efficiency in Indonesia are bank size, Capital Adequacy Ratio (CAR), Non-Performing Finance (NPF), and Financing to Deposit Ratio (FDR), while other factors are not influential over the study period.

Tensile damage of reinforced concrete and simulation of the four-point bending test based on the random cracking theory

  • Chang, Yan-jun;Wan, Li-yun;Mo, De-kai;Hu, Dan;Li, Shuang-bei
    • Computers and Concrete
    • /
    • v.30 no.4
    • /
    • pp.289-299
    • /
    • 2022
  • Based on the random cracking theory, the cylinder RVE model of reinforced concrete is established and the damage process is divided into three stages as the evolution of the cracks. The stress distribution along longitude direction of the concrete and the steel bar in the cylinder model are derived. The equivalent elastic modulus of the RVE are derived and the user-defined field variable subroutine (USDFLD) for the equivalent elastic modulus is well integrated into the ABAQUS. Regarding the tensile rebars and the concrete surrounding the rebars as the equivalent homogeneous transversely isotropic material, and the FEM analysis for the reinforced concrete beams is conducted with the USDFLD subroutine. Considering the concrete cracking and interfacial debonding, the macroscopic damage process of the reinforced concrete beam under four-point bending loading in the simulation. The volume fraction of rebar and the cracking degree are mainly discussed to reveal their influence on the macro-performance and they are calibrated with experimental results. Comparing with the bending experiment performed with 8 reinforced concrete beams, the bending stiffness of the second stage and the ultimate load simulated are in good agreement with the experimental values, which verifies the effectiveness and the accuracy of the improved finite element method for reinforced concrete beam.

Does Parental Psychological Control Affect Non-Suicidal Self-Injury of Adolescents via Depression? (부모의 심리적 통제가 청소년의 비자살적 자해에 미치는 영향에 대한 우울의 매개 효과)

  • Sarah, Kim;Ju Hee, Park
    • Human Ecology Research
    • /
    • v.60 no.4
    • /
    • pp.535-547
    • /
    • 2022
  • This study aimed to examine the effect of parental psychological control on adolescents' non-suicidal self-injury and verify whether this effect is mediated by depression. In the first survey of 647 middle and high school students, only those who had experiences of non-suicidal self-injury were selected (136 adolescents). For data analysis purposes, descriptive statistics for each measured variable and Pearson's correlation coefficients among research variables were calculated. In addition, Process Macro - Model 4 by Hayes (2013) was used to investigate the mediating model. Finally, the bootstrapping method was applied to confirm the significance of the mediating effect. The results of this study were as follows. First, parental psychological control and depression directly affected the frequency of non-suicidal self-injury among adolescents. Second, depression mediated the relationship between parental psychological control and non-suicidal self-injury. In conclusion, the more parents controlled their children's psychological factors, the higher the level of depression among adolescents, and as a result, the higher the frequency of non-suicidal self-injury. These findings suggest that educational intervention on parental psychological control is important to prevent and reduce non-suicidal self-injury; however, psychotherapy intervention that reduces the levels of depression should also be required.

Effect of the GFRP wrapping on the shear and bending Behavior of RC beams with GFRP encasement

  • Ozkilic, Yasin Onuralp;Gemi, Lokman;Madenci, Emrah;Aksoylu, Ceyhun;Kalkan, İlker
    • Steel and Composite Structures
    • /
    • v.45 no.2
    • /
    • pp.193-204
    • /
    • 2022
  • The need for establishing the contribution of pultruded FRP encasements and additional FRP wraps around these encasements to the shear strength and load-deflection behavior of reinforced concrete beams is the main motivation of the present study. This paper primarily focuses on the effect of additional wrapping around the composite beam on the flexural and shear behavior of the pultruded GFRP (Glass Fiber Reinforced Polymer) beams infilled with reinforced concrete, taking into account different types of failure according to av/H ratio (arch action, shear-tension, shear-compression and pure bending). For this purpose, nine hybrid beams with variable shear span-to-depth ratio (av/H) were tested. Hybrid beams with 500 mm, 1000 mm, and 1500 mm lengths and cross-sections of 150x100 mm and 100x100 mm were tested under three-point and four-point loading. Based on the testing load-displacement relationship, ductility ratio, energy dissipation capacity of the beams were evaluated with comprehensive macro damage analysis on pultruded GFRP profile and GFRP wrapping. The GFRP wraps were established to have a major contribution to the composite beam ductility (90-125%) and strength (40-75%) in all ranges of beam behavior (shear-dominated or dominated by the coupling of shear and flexure). The composite beams with wraps were showns to reach ductilities and strength values of their counterparts with much greater beam depth.

The Relationship of Individual Trait Factors and Goal Mechanisms with Goal Attainability (목표달성가능성에 영향을 미치는 개인의 특성과 목표달성기제에 관한 연구)

  • Park, Jong-Chul;Choi, Ji-Eun
    • Journal of Distribution Science
    • /
    • v.12 no.11
    • /
    • pp.45-53
    • /
    • 2014
  • Purpose - Goal setting is effective in any domain in which an individual or group has some control over the outcomes. It applies not only to work tasks but also to sports and health, and in various other settings. Its success depends on considering the mediators and moderators determining its efficacy and applicability. This study investigates the individual factors influencing academic goal attainability. Unlike previous studies, we focused on the effect of the relationships between individual traits (passion, tenacity, self-control) and specific motivation (vision, self-efficacy, implementation intentions) with academic goal attainability, rather than the effects of the relationship between commitment and the goal shielding mechanism with goal attainability. Research design, data, and methodology - Data collected through questionnaires were analyzed by the SPSS program. A total of 293 school students, who participated in the TOEIC program, participated in the survey. Slightly more than half were female (male: n=145 vs. female: n=148). We verified nine hypotheses through various statistical methods (reliability analysis, exploratory factor analysis, confirmatory factor analysis, structural equation model for the hypothesis test, bootstrapping test for the mediation test). Results - Data was analyzed in three phases. The first phase involved measurement analysis (i.e., item purification and factor structure confirmation), involving the scales of the three variables of individual traits, three mechanism variables, and goal attainability. The second phase involved estimating the proposed structural relationships among the key constructs (see Figure 1), using the results to test H1 to H9. The final phase involved examining the mediating effects of the three variables (vision, implementation intention, and self-efficacy). The research model shows that the independent variable passion has a significant result with both the mediators-vision and self-efficacy. Further, vision and self-efficacy significantly affect goal attainability. The second variable, self-control, shows a significant effect when mediated by implementation intentions, but the direct relationship between implementation intension and goal attainability shows an insignificant result. However, when further mediated by self-efficacy, it showed a significant effect between self-efficacy and goal attainability. Similarly, the third variable, tenacity, shows an insignificant result when mediated by vision. In contrast, the mediator self-efficacy shows a positive effect between tenacity and goal attainability. Conclusions - This study shows how these individual traits, when mediated with the appropriate motivational factors, resulted significantly in the attainability of academic goals. We may identify several theoretical and practical contributions. Theoretically, we developed a step further in the research into consumer goals and related studies. Future research could examine the effects of different learning goal types and their combinations with performance goals (e.g., learning goals first, then performance goals), different types of goal framing (approach success vs. avoid failure), the relation between goals and cognition (which, by implication, entails all of cognitive psychology), goal hierarchies, and macro goal studies with organizations of different sizes. More studies on the relationship between conscious and subconscious goals would also be valuable.