• Title/Summary/Keyword: proxy variable

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A Study of Consumer Behavior Associated with Han-Gwa - Consumer Attitude, Behavioral Intention and Expense - (한과류에 대한 소비자의 구매행동 연구 -소비자태도, 구매의도 및 구매행동 -)

  • You So-Ye;You Myung-Nim
    • Journal of the Korean Home Economics Association
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    • v.42 no.10 s.200
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    • pp.129-141
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    • 2004
  • The purposes of this study were to explain consumer attitude, behavioral intention and behavior(expenses) in the purchase of Han-gwa and to explore the influencing factors on them. To achieve these purposes, the Heckman two-step model was utilized to utilize the recursive system of attitude, behavioral intention and behavior. The results of this study were as follows: 1) Seventy-six percent of consumers presented their favorable altitudes to purchase Han-gwa, while $47\%$ of consumers had behavioral intention for purchasing Han-gwa. In addition, purchasing expense of Han-gwa per year as a proxy variable of behavior was less than 100,000 won for most consumers. 2) First, consumer attitude was found to be significantly influenced by the type of family and food safety. Second, the behavioral intention for purchasing Han-gwa was found to be significantly influenced by consumer attitude, age, income, education and price. Finally, consumer behavior(expenses) of purchasing Han-gwa was found to be significantly influenced by the behavioral intention, income and purchasing place.

Making an Index of Mobile Telecommunications Service Quality - An Application to OECD Countries - (이동통신 통화품질의 지표화 - OECD 국가들을 중심으로 -)

  • Kang, Imho;Kim, Yongkyu
    • Informatization Policy
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    • v.18 no.2
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    • pp.85-98
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    • 2011
  • This paper attempts to develop an index of mobile telecommunications service quality through econometric analysis using data of the leading telco in each OECD country. CapEx of the operator was selected as a proxy variable to represent the quality of the service. To eliminate the part which is dependent on the population and size from CapEx, however, CapEx was regressed on population, area, 3G coverage, Herfindahl-Hirschman Index (HHI) of mobile market, EBITDA margin, and market share of the leading operator. Then, the part of CapEx, which was explained by size and population, was subtracted from CapEx, and the remaining part was regarded as the quality index of mobile telecommunications service. Comparisons among quality indexes of each country revealed that the service quality in Korea and Japan is better than that of France, UK and Germany.

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Employment Structure and the Ratio of Downsized Workforce (고용구조와 정리해고·명예퇴직의 비율)

  • Lee, Kyuyong;Nho, Yongjin;Cheon, ByungYou
    • Journal of Labour Economics
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    • v.24 no.3
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    • pp.39-62
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    • 2001
  • The purpose of this paper is to investigate determinants of firms' workforce reduction ratio in Korea, utilizing a dataset surveyed by Korea Labor Institute in 1999. We hypothesize that firms' employment structure has an effect on their workforce reduction ratio. Our findings indicate that the ratio of the layoffs and/or the buyouts is higher, as the average tenure of employees is longer. The findings also indicate that the unionization as a proxy variable for the intensity of the seniority-based pay moderates positively the effect of employees' tenure on the workforce reduction ratio, implying that the more seniority-based the pay system is, the higher positive effect the average tenure of employees has on the workforce reduction ratio.

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The Effects of Consumption Value and Consumer Trust on Crowdfunding Participation Intention

  • SHIN, Myoung-Ho;LEE, Young-Min
    • Journal of Distribution Science
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    • v.18 no.6
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    • pp.93-101
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    • 2020
  • Purpose: While crowdfunding functions as a purchasing behavior, it is different from other purchasing behavior. It derives from non-existed idea and leads to production and purchase through continuous idea development with participants and participants' support is a proxy for future sales. This study researches on consumption value, customer's trust and consumer's innovativeness to reveal which constructs of consumption value and customer's trust should be considered. Research design, data, and methodology: Crowdfunding participation intentions were examined using consumer's consumption value and trust of platforms as independent variables, and consumer innovation as a control variable. A total of 175 surveys were used for analysis. The hypothesis was tested using hierarchical regression analysis. Results: The results showed economic, epistemic value and ability, benevolence consumer trust to have a significant effect in crowdfunding participation intentions. The moderating effect of innovation was shown to be significant in only economic value and benevolence. Conclusions: The economic and hedonic value of consumers should be emphasized, as well as the evaluation level of the project itself. Moreover, technology or system safety, competency, and product specific information, as well as user benefits for their ideas are core elements in attracting new participants.

The Effect of Corporate Integrity on Stock Price Crash Risk

  • YIN, Hong;ZHANG, Ruonan
    • Asian Journal of Business Environment
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    • v.10 no.1
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    • pp.19-28
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    • 2020
  • Purpose: This research aims to investigate the impact of corporate integrity on stock price crash risk. Research design, data, and methodology: Taking 1419 firms listed in Shenzhen Stock Exchange in China as a sample, this paper empirically analyzed the relationship between corporate integrity and stock price crash risk. The main integrity data was hand-collected from Shenzhen Stock Exchange Website. Other financial data was collected from CSMAR Database. Results: Findings show that corporate integrity can significantly decrease stock price crash risk. After changing the selection of samples, model estimation methods and the proxy variable of stock price crash risk, the conclusion is still valid. Further research shows that the relationship between corporate integrity and stock price crash risk is only found in firms with weak internal control and firms in poor legal system areas. Conclusions: Results of the study suggest that corporate integrity has a significant influence on behaviors of managers. Business ethics reduces the likelihood of managers to overstate financial performance and hide bad news, which leads to the low likelihood of future stock price crashes. Meanwhile, corporate integrity can supplement internal control and legal system in decreasing stock price crash risks.

Analysis of the Factor of Renewable Energy Consumption in Korea, China and Japan (한.중.일의 신재생에너지 소비량 결정 요인 분석에 관한 연구)

  • Jeon, Mi-Hwa;Jang, Woon-Jeong;Kim, Yoon-Kyung
    • New & Renewable Energy
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    • v.6 no.3
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    • pp.13-21
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    • 2010
  • This paper analyzes the factors of renewable energy consumption in Korea, China and Japan. We consider renewable energy consumption per capita as dependent variable, GDP per capita, $CO_2$ emissions per capita and real oil prices as independent variables. To analyze this model, this paper uses three econometric methods such as OLS, fixed effect model and panel GLS, utilizing data from 1990 to 2006 in Korea, China and Japan. According to the results by OLS for each country, an increase in GDP per capita or $CO_2$ emissions per capita or oil prices leads to an increase in renewable energy consumption. According to the results by fixed effect model, an increase in GDP per capita or $CO_2$ emissions per capita leads to an increase in renewable energy consumption. And real oil prices do not have a significant impacts on this model. According to the results by panel GLS, an increase in real GDP per capita as a proxy of income leads to an increase renewable energy consumption. And both $CO_2$ emissions per capita and real oil prices do not correlated closely with renewable energy consumption. Thus oil is not substituted to renewable energy in Northeast asian countries.

An Study on Determinants Affecting a Growth of Online Community (온라인 커뮤니티 성장에 영향을 미치는 요인에 관한 연구)

  • Kwak, Nayeon
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.12 no.4
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    • pp.163-169
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    • 2016
  • This study is to analyze factors affecting a growth of online community with perspectives of social network. Particularly this study tries to explore structural phenomenon built by interactions between users in a certain of free board belonging to the online community, in which focuses on one's writing a comments responding on those of others. With using SNA(Social Network Analysis), the social network data calculated from users' interaction shown as their comments were collected to draw out each individual's centrality value representing the structure of the online community and also we estimated duration time and the number of each comments as a proxy variable representing growth of the online community. And then cause-and-effect relationship between individual's centrality value and the duration time and the number of each comment were analyzed. As a result of the analysis, Core-Periphery, Centralization and Reciprocity have significant effects on the duration time and the number of each comment, therefore those significant values representing online structure will give an implication to manage, to promote the online community, to forecast its evolution path and to build critical policies.

Comparative Evaluation of Albedo Distribution according to Administrative Boundary Using MODIS Products (MODIS 영상을 이용한 행정구역별 알베도 분포 비교평가)

  • Kim, Ki-Youl;Um, Jung-Sup
    • Journal of Environmental Impact Assessment
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    • v.21 no.2
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    • pp.265-277
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    • 2012
  • This paper is primarily intended to present quantitative evidences for land surface albedo difference among seven metropolitan cites in South Korea. An empirical study for experimental sites was conducted to confirm how a standard MODerate Resolution Imaging Spectroradiometer (MODIS) instrument offers the viable method of measuring and comparing the regional heterogeneity of albedo among administrative districts. The metropolitan cities like Seoul located in dense building environment do result in much lower albedo than those exposed in much more sub-urban surface (e.g KwangJoo). These experimental results indicate that an urban surface such as building and road is a crucial explanatory variable for lower albedo. It is confirmed that the urban surface such as building and road could be employed as a proxy of the lower albedo burden in the metropolitan area. It is anticipated that this research output could be used as a valuable reference to confirm the potential of introducing the new concept of "administrative districts specific albedo management" to support more scientific and objective decision-making in the process of GHG (Greenhouse Gas) reduction project.

The Impact of Intellectual Capital Disclosure on Firm Performance: Empirical Evidence from Pharmaceutical and Chemical Industry of Bangladesh

  • RAHMAN, Md. Musfiqur;SOBHAN, Raihan;ISLAM, Md. Shafiqul
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.2
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    • pp.119-129
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    • 2020
  • The main purpose of this study is to examine the impact of intellectual capital disclosure (ICD) on firm performance in the pharmaceutical and chemical industry of Bangladesh. In this study, 21 listed pharmaceutical and chemical companies have been selected as sample for 2016 and 2017. This study used the intellectual capital disclosure index developed by Rahman, Sobhan, and Islam. Return on assets and return on equity have been used as the proxy variable of firm performance. In this study, content analysis is performed to assess the level of disclosure regarding intellectual capital and pooled cross-sectional analysis is used to assess the relationship between ICD and firm performance. The study has found a positive and significant relationship between ICD and firm performance. Besides, an in-depth analysis of this study shows that all the components of ICD namely internal capital disclosure, external capital disclosure, and human capital disclosure are also positively and significantly associated with firm performance. The study suggests the development of an intellectual capital disclosure framework by the regulatory authority for mandatory compliance. This will improve the quality and quantity of ICD in the annual reports. Besides, firms should more emphasize on ICD which will help to improve their performance.

Effect of Ageing on Household Demand for Clothing, Food, Housing, and Medical Care Commodities in Korea (고령화가 한국가계의 의식주, 의료품목 수요에 미치는 영향)

  • Kim, Kisung
    • Human Ecology Research
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    • v.53 no.3
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    • pp.309-318
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    • 2015
  • This study investigates to investigate the ageing effect on household demand for clothing, food, housing and medical care commodities in Korea using a demand system model. The cross-sectional and time-series data from Statistics Korea on urban household expenditures and age projection analyzed household demands of consumption commodities. The household head age and elderly population ratio were employed for proxy variables of ageing. Ageing variable elasticities of commodity demands were estimated. Study results show that ageing variables significantly influenced on a household demand for commodities; clothing and food consumption decreases; however, housing and medical care consumption increases with ageing. The elasticities of total consumption expenditures and price variables were estimated in the demand analysis; these two variables significantly impacted almost all of the household consumption for the studied commodities. This study provides an opportunity to examine how ageing influences household consumption for clothing, food, housing and medical care commodities as Korean society experiences a rapid ageing. It is also meaningful that this study conducted a quantitative measuring of the household demands for commodities that was different from past research on the household consumption expenditures for commodities.