• Title/Summary/Keyword: public investment

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DEVELOPMENT OF LIFE CYCLE COST ANALYSIS SYSTEM FOR THE BUILD-TRANSFER-LEASE PROJECTS

  • Chun-kyong Lee;Bong-ho Cho;Tae-keun Park
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.119-129
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    • 2007
  • In January 2005, the BTL private investment project was introduced in the Korean construction market as part of the plan to provide high-quality public service and expand the required facilities in a timely manner. Nonetheless, problems such as the low earning rate at the beginning of the business, burden of service compared to the cost of the proposed business, and limitations of the local small and medium-sized companies in relation to their participation in the project arose. The LCC analysis system for the BTL projects was developed as part of efforts toward efficiently investigating the investment eligibility. Specifically, methods for LCC analysis were selected for each stage of the BTL project in relation to the requests of experts for military residential facilities and public educational facilities. Variables were then extracted to derive an accurate analysis value, LCC for the 5 cost items (initial investment cost, operating expenses, maintenance expenses, energy cost, and disposal cost), analyzed, and system enabling comparative analysis for single and multiple initiatives by year and item, developed. Thus, we have to clearly require the accumulation of data to examine the appropriateness of the results of LCC analysis based on data and results.

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Public Diplomacy and Social Capital: Bridging Theory and Activities

  • Naddeo, Rachel;Matsunaga, Lucas
    • Journal of Public Diplomacy
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    • v.2 no.1
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    • pp.116-135
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    • 2022
  • Public diplomacy activities can benefit from social capital theory, when its social dynamics is elucidated in the investment of complex social networks and in the establishment and management of relationships with foreign publics. Social capital theory explains that actors can produce purposive actions to mobilize resources in social structures, which thus explains the dynamics of social interactions. In response to the lack of conceptual frameworks for understanding public diplomacy activities within social capital theory, we conducted a narrative literature review that intends to identify the means through which international actors, such as governments, engage with foreign publics through the dynamics of social networks and the resources embedded in them. In addition, we explored the multidimensional characteristics of social capital to enhance the comprehension of the manner in which actors access, share, and maintain resources in target communities, institutions, or organizations through public diplomacy activities. In summary, we highlight the importance of new theoretical explorations on the application of social capital theory to public diplomacy and the need for a research agenda in the field.

Media Sentiment Towards Chinese Investments in Malaysia: An Examination of the Forest City Project

  • Wang, Yicong;Reagan, James
    • Asian Journal for Public Opinion Research
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    • v.8 no.3
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    • pp.197-221
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    • 2020
  • We collected national newspaper articles on the largest Chinese investment project in Malaysia, Forest City, and examined media sentiment polarity using alternative automated sentiment analysis tools. We further checked the robustness of these results using content analysis, and consistently found that sentiment polarity for mainstream news is more volatile than independent online journalism. We also found that the sentiment polarity of Malaysian mainstream media towards Chinese investments is aligned with government interactions between the two countries. This suggests that the sentiment of Malaysian mainstream media towards Chinese investments complies with local government attitudes, while independent online media are less constrained by government control. In light of this, foreign investors looking to more effectively estimate risks should monitor both independent and mainstream media to calculate the sentiment of the host country towards their foreign direct investment projects.

A Study on Improvement of OLTP Server Sizing Method (OLTP서버 규모산정방식의 개선에 관한 연구)

  • Ra, Jong-Hei;Choi, Kwang-Don
    • Journal of Information Technology Services
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    • v.8 no.3
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    • pp.185-195
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    • 2009
  • Hardware sizing is determinated by an increasing rate of operated business and characteristic of adapted technology which are imported systems. Because it is very difficult for intuitive decision of hardware sizing's appropriateness. But in sprite of difficulty, for maximizing the utilization of information resource and the effect of information investment in public sector are need to correctness hardware sizing. In this paper, we proposed hardware sizing method for OLTP server that is make up It's faults of proper proposal method. Our study certainly will act as a catalyst for higher investment-efficiency of future information systems in public sector.

Determinants of Debt Policy for Public Companies in Indonesia

  • MUKHIBAD, Hasan;SUBOWO, Subowo;MAHARIN, Denis Opi;MUKHTAR, Saparuddin
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.29-37
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    • 2020
  • This research seeks to determine the influence of investment opportunity set (IOS); profitability (Return on Assets - ROA), liquidity, business risk and firm size on debt policy. We used 42 manufacturing companies registered on the Indonesian Stock Exchange (Bursa Efek Indonesia) as object research. We used purposive sampling method to determined samples, consider the period observation from 2012 to 2016, and produce 168 units analysis. Data analysis uses the multiple regressions with the SPSS tools. The results of the study found that companies' debt policies in Indonesia are negatively affected by the liquidity. Investment opportunity set (IOS) has negative effect on debt policy. Meanwhile, ROA, Return on Invested Capital (ROIC), and firm size of a company has no impact on debt policy. These findings indicate that Indonesian manufacture companies do not see the high investment opportunity set and profitability as a policy basis for increasing debt. Moreover, the high profitability also does not cause companies to increase their debt ratio. Our study indicates that Indonesian manufacture companies use internal funds to fund their investment. This finding is a concern for creditors, as they can now see the ability of the companies, and especially their performance, in determining their credit policies.

A Case Study on Qualitative Efficiency of National R&D Projects on Technical Performances : Focused on Livestock Quarantine (국가 R&D 기술적 성과의 질적 효율성 분석에 관한 사례 연구 : 가축방역 분야를 중심으로)

  • Kim, Kyung-Soo;Cho, Nam-Wook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.4
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    • pp.8-15
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    • 2019
  • Korea's R&D investment has significantly increased in recent years and the quantitative outputs such as number of papers and patents have also increased with the investment. However, the quality of R&D outputs has not been fully addressed. In particular, quality of technical performance, such as the quality of patents, has attracted little attention. In this paper, a Data Envelopment Analysis (DEA) method was used to construct models for efficiency analysis of R&D investment, focused on quality of technical performance. Indices were proposed to analyze the quantitative and qualitative efficiencies of R&D investment. In order to effectively analyze R&D efficiencies, the measurement units of the input and output variables were standardized. Based on cases of livestock quarantine R&D projects of Korea, the quantitative and qualitative efficiencies of national R&D projects were analyzed and factors that would influence R&D efficiencies were identified. This paper suggests that both quantitative and qualitative efficiencies should be considered when measuring R&D efficiency. Also, it is recommended to carefully consider the characteristics of R&D projects during project selection stage.

Use of REITs for Developing Student Housing (대학생 기숙사 확충을 위한 REITs의 활용 방안)

  • Park, Wonseok
    • Journal of the Korean Geographical Society
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    • v.49 no.3
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    • pp.357-370
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    • 2014
  • This paper aims at analyzing the use of REITs for developing student housing. To do this, firstly, the case studies of student housing REITs in U.S. are analyzed, and secondly, possibility and schemes of using REITs in Korea for the expansion of student housing. REITs are actively participated in the investment and management of student housing in U.S. and they are vertically integrated real estate investment operating companies which play a role of design-development-investment-managementconsulting. Student housing REITs can be fully used in Korea. To do this, special strategy integrating investment and management strategy should be examined. In these context, joint-venture model and PPP-conbined model are suggested to use REITs effectively.

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The Impact of Operating Cash Flow in Decision-Making of Individual Investors in Vietnam's Stock Market

  • NGUYEN, Dung Duc;NGUYEN, Cong Van
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.19-29
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    • 2020
  • The paper examines the impact of information about cash flow from operating activities of firms listed on Vietnam's stock market to the decision making of individual investors. Data were collected from interviews with 160 individual investors about their investment decisions based on information on profit growth and cash flow growth from operating activities. T-test was conducted to research on Vietnam's stock market - a market considered as information that is not really public, transparent and ineffective. The research results show that: (1) investors do not care about cash flow from operating activities when making investment decisions if the company's profits grow positively, (2) information about cash flow from operating activities only affects the decisions of individual investors once profit growth is negative, and (3) conflicting information between profit growth and cash flow growth from business activities significantly affects the confidence and comfort of investors in Vietnam's stock market when they make investment decisions. Then, the study points out the mistake of investors when making investment decisions, and offers recommendations to investors when making investment decisions, not only concerned with profit growth, but also paying special attention to cash flow growth, especially cash flow from the company's business operations.

A Study on the Investment Strategy of the IT R&D using Portfolio Analysis and AHP Method (포트폴리오 분석과 계층화분석기법(AHP)을 활용한 정부 IT분야 연구개발 투자 전략 연구)

  • Kim, Yun-Jong;Jung, Uk;Yim, Seong-Min;Jeong, Sang-Ki
    • Korean Management Science Review
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    • v.26 no.1
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    • pp.37-51
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    • 2009
  • Korean IT industry has been given much weight in national R&D management. A negative side of this fact is that Korean economy is likely to become vulnerable to a condition of the export business in certain items of IT industry which has a serious influence on the national economy. A customized investment strategy through the analysis of technology competitiveness and R&D status in each technology of IT field is required in order to rectify the structural vulnerability and pursue a continuous growth. In this research, a strategic direction to set up an efficient investment strategy is presented. In this process, it draws a portfolio analysis with two axes of technology level and technology life cycle. It also derives a priority order of the national investment considering the degree of technological impact, marketability, and adequacy of public support from AHP (Analytic Hierarchy Process) method by a survey of IT experts. A portfolio analysis in the prior stage helps the respondents in AHP become more familiar with the alternatives' characteristics so that their decision making process more corresponds with national R&D strategies.

Features of Investment Support for the Process of Digitalization of Socio-Economic Systems in the Context of Strengthening International Economic Relations

  • Yatsko, Maksym;Panfilova, Yanina;Zozuliak, Marta;Koval, Oleksandr;Golubka, Yaroslav
    • International Journal of Computer Science & Network Security
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    • v.22 no.7
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    • pp.29-34
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    • 2022
  • The innovative process of digitalization and creation of innovation from an idea to its commercialization requires certain financial costs, labor and mental efforts. The amount of investment (corporate and public) is the most important imperative to enhance innovation and is traditionally considered as the main "input" indicators of the development of innovation infrastructure, in this case, the financial infrastructure of innovation. At the same time, the modern theory of innovation development assumes a systematic approach to the organization of innovation activity, which provides for the close interaction of several subsystems: human (including intellectual) potential, financial and technological capital, as well as relevant institutions and methods of regulation.. Thus, the main task of the study is to analyze the features of investment support for the process of digitalization of socio-economic systems in the context of strengthening international economic relations. As a result of the study, current trends and prerequisites of investment support for the process of digitalization of socio-economic systems in the context of strengthening international economic relations were revealed.