• Title/Summary/Keyword: trade risk

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Factors Affecting the Development of Vietnamese Construction and Real Estate Companies

  • PHAN, Giang Lam;NGUYEN, Thuy Dieu;NGUYEN, Chi Thi;NGUYEN, Lan;TRAN, Le Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.93-104
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    • 2022
  • This study aims to investigate the factors that contribute to the sustainable development of 334 Vietnamese construction and real estate companies listed on the Stock Exchange of Vietnam over a 5-year period from 2016 to 2020. By using regression analysis with the support of STATA software through examining the financial statements, which involves looking into crucial ratios including capital structure, profitability, firm size, accounts receivable management, and tangible assets investment, this study sheds light on whether these accounting indicators could help predict the construction and real estate companies growing potential in the future. Nevertheless, these ratios slightly contribute to the explanation of the change in revenue growth ratio, with a result of 1.6%, indicating that the value relevance of accounting information provides a modest and insignificant effect on investment decisions. This is understandable because the Vietnamese construction and real estate market still has many shortcomings in handling unexpected events, as well as the industry's peculiarities related to major capital sources from bank loans. Based on this study, governmental authorities and business executives should plan appropriate risk management policies and measures to contribute to the sustainable development of construction and real estate companies.

Decision Support System for Mongolian Portfolio Selection

  • Bukhsuren, Enkhtuul;Sambuu, Uyanga;Namsrai, Oyun-Erdene;Namsrai, Batnasan;Ryu, Keun Ho
    • Journal of Information Processing Systems
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    • v.18 no.5
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    • pp.637-649
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    • 2022
  • Investors aim to increase their profitability by investing in the stock market. An adroit strategy for minimizing related risk lies through diversifying portfolio operationalization. In this paper, we propose a six-step stocks portfolio selection model. This model is based on data mining clustering techniques that reflect the ensuing impact of the political, economic, legal, and corporate governance in Mongolia. As a dataset, we have selected stock exchange trading price, financial statements, and operational reports of top-20 highly capitalized stocks that were traded at the Mongolian Stock Exchange from 2013 to 2017. In order to cluster the stock returns and risks, we have used k-means clustering techniques. We have combined both k-means clustering with Markowitz's portfolio theory to create an optimal and efficient portfolio. We constructed an efficient frontier, creating 15 portfolios, and computed the weight of stocks in each portfolio. From these portfolio options, the investor is given a choice to choose any one option.

Current Status of Korean Otter and Their Conservation

  • Han, Seung Woo;Han, Sung Yong
    • Proceedings of the National Institute of Ecology of the Republic of Korea
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    • v.3 no.1
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    • pp.1-6
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    • 2022
  • Among the 13 species of otters in the world, only one Eurasian otter (Lutra lutra) is found in South Korea. In the Korean Peninsula, otter pelts were historically valuable and expensive commodities used for international trade, and otters have long been poached as hunting animals. Recent rapid economic development in South Korea has increased habitat fragmentation and loss, creating a continuing threat to the natural environment. Otters live only in the area of rivers and streams as a family group and are territorial (linear habitat). Due to these limited conditions of otter habitat, the population size of otter is lower than that of onshore mammals. According to recent research, DNA analyses using microsatellite markers have shown that only approximately 7-21 otter individuals inhabit river systems for a length of 50-230 km. Korea's urban streams are associated with many threats that hinder otters from inhabiting them. Many areas around the urban streams are surrounded by high concrete riverbanks, and the risk of roadkill is also high. Nevertheless, ecological restoration projects in the urban rivers will contribute greatly to the stable inhabitation of otters. Detailed otter conservation strategies, such as the elimination of threat factors, improvement of habitat environment, and restoration of food resources and shelter, will provide a positive restoration effect on otter and river ecosystems as well.

Rapid Identification of Jasmine Virus H Infecting Ixora coccinea by Nanopore Metatranscriptomics

  • Sung-Woong Kim;Hyo-Jeong Lee;Sena Choi;In-Sook Cho;Rae-Dong Jeong
    • The Plant Pathology Journal
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    • v.39 no.3
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    • pp.303-308
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    • 2023
  • The global climate change and international trade have facilitated the movement of plants across borders, increasing the risk of introducing novel plant viruses in new territories. Ixora coccinea exhibited virus-like foliar symptoms, including mosaic and mild mottle. An Oxford Nanopore Technologies-based compact and portable MinION platform was used to identify the causal viral pathogen. The complete genome sequence of jasmine virus H (JaVH; 3867 nt, JaVH-CNU) was determined and found to share 88.4-90.3% nucleotide identity with that of Jasminum sambac JaVH isolate in China. Phylogenetic analysis based on the complete amino acid sequences of RNA-dependent RNA polymerase and coat protein revealed that JaVH-CNU was grouped separately with other JaVH isolates. This is the first report of a natural JaVH infection of I. coccinea. The application of rapid nanopore sequencing for plant virus identification was demonstrated and is expected to provide accurate and rapid diagnosis for virus surveillance.

Corporate Financial Fraud and Countermeasures in the Internet Era (인터넷 시대 기업의 재무부정과 대책)

  • Huang, Weidong;Jin, Shanyue
    • Journal of Digital Convergence
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    • v.20 no.3
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    • pp.35-40
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    • 2022
  • With the advent of the internet age and the outbreak of COVID-19, many companies have embraced online trade. However, due to the way the cyber economy works, the number of companies engaged in financial fraud by falsifying their transaction amounts and customer numbers has been gradually increasing. The purpose of this study is to analyze financial fraud of companies in the Internet era and to present solutions. Therefore, this study analyzed the financial fraud behavior of Luckin Coffee in China as an example and studied the causes and countermeasures of financial fraud. As a result, it was found that the cause of financial fraud lies in the opacity of cash flows from online transactions. The recommendations proposed by this study is to improve internal control systems in companies, develop risk management system, and establish comprehensive external supervision system

Deriving Robust Reservoir Operation Policy under Changing Climate: Use of Robust Optimiziation with Stochastic Dynamic Programming

  • Kim, Gi Joo;Kim, Young-Oh
    • Proceedings of the Korea Water Resources Association Conference
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    • 2020.06a
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    • pp.171-171
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    • 2020
  • Decision making strategies should consider both adaptiveness and robustness in order to deal with two main characteristics of climate change: non-stationarity and deep uncertainty. Especially, robust strategies are different from traditional optimal strategies in the sense that they are satisfactory over a wider range of uncertainty and may act as a key when confronting climate change. In this study, a new framework named Robust Stochastic Dynamic Programming (R-SDP) is proposed, which couples previously developed robust optimization (RO) into the objective function and constraint of SDP. Two main approaches of RO, feasibility robustness and solution robustness, are considered in the optimization algorithm and consequently, three models to be tested are developed: conventional-SDP (CSDP), R-SDP-Feasibility (RSDP-F), and R-SDP-Solution (RSDP-S). The developed models were used to derive optimal monthly release rules in a single reservoir, and multiple simulations of the derived monthly policy under inflow scenarios with varying mean and standard deviations are undergone. Simulation results were then evaluated with a wide range of evaluation metrics from reliability, resiliency, vulnerability to additional robustness measures. Evaluation results were finally visualized with advanced visualization tools that are used in multi-objective robust decision making (MORDM) framework. As a result, RSDP-F and RSDP-S models yielded more risk averse, or conservative, results than the CSDP model, and a trade-off relationship between traditional and robustness metrics was discovered.

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Automated Construction Activities Extraction from Accident Reports Using Deep Neural Network and Natural Language Processing Techniques

  • Do, Quan;Le, Tuyen;Le, Chau
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.744-751
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    • 2022
  • Construction is among the most dangerous industries with numerous accidents occurring at job sites. Following an accident, an investigation report is issued, containing all of the specifics. Analyzing the text information in construction accident reports can help enhance our understanding of historical data and be utilized for accident prevention. However, the conventional method requires a significant amount of time and effort to read and identify crucial information. The previous studies primarily focused on analyzing related objects and causes of accidents rather than the construction activities. This study aims to extract construction activities taken by workers associated with accidents by presenting an automated framework that adopts a deep learning-based approach and natural language processing (NLP) techniques to automatically classify sentences obtained from previous construction accident reports into predefined categories, namely TRADE (i.e., a construction activity before an accident), EVENT (i.e., an accident), and CONSEQUENCE (i.e., the outcome of an accident). The classification model was developed using Convolutional Neural Network (CNN) showed a robust accuracy of 88.7%, indicating that the proposed model is capable of investigating the occurrence of accidents with minimal manual involvement and sophisticated engineering. Also, this study is expected to support safety assessments and build risk management systems.

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Risk Estimates of Structural Changes in Freight Rates (해상운임의 구조변화 리스크 추정)

  • Hyunsok Kim
    • Journal of Korea Port Economic Association
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    • v.39 no.4
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    • pp.255-268
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    • 2023
  • This paper focuses on the tests for generalized fluctuation in the context of assessing structural changes based on linear regression models. For efficient estimation there has been a growing focus on the structural change monitoring, particularly in relation to fields such as artificial intelligence(hereafter AI) and machine learning(hereafter ML). Specifically, the investigation elucidates the implementation of structural changes and presents a coherent approach for the practical application to the BDI(Baltic Dry-bulk Index), which serves as a representative maritime trade index in global market. The framework encompasses a range of F-statistics type methodologies for fitting, visualization, and evaluation of empirical fluctuation processes, including CUSUM, MOSUM, and estimates-based processes. Additionally, it provides functionality for the computation and evaluation of sequences of pruned exact linear time(hereafter PELT).

In Relation to Entrepreneurship and Export Performance of Small and Medium Manufacturing Firm, the Mediating Effect of Product Differentiation Capabilities (중소제조기업의 기업가정신과 수출성과 관계에서 제품차별화 역량의 매개효과)

  • Cho, Yeon-Sung
    • International Commerce and Information Review
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    • v.14 no.3
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    • pp.113-138
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    • 2012
  • This study examined the determinants of export performance of small and medium sized manufacturing companies in Korea. Depending on the existing research, taking entrepreneurship and product differentiation capabilities as antecedents of export performance. In addition, the product differentiation capabilities examined whether the role of the mediating effects between entrepreneurship and export performance. Thus, the purpose of the study is look at the integrated model of entrepreneurship, product differentiation capabilities and export performance building and their relationship. On 152 domestic companies, empirical analysis was performed. Empirical analysis was conducted using the PLS(Partial Least Square). And analysis tools were used SmartPLS2.0. In the results of the analysis, risk tolerance and innovativeness of small and medium sized manufacturing businesses, entrepreneurs and product differentiation competence have positive impact export performance in both. Product differentiation capabilities also confirmed that it have a positive impact on the export performance of small manufacturing export enterprises. In analysis of the mediated effect in product differentiation capacity showed a significant mediated effect between innovativeness and export performance. But mediated effects did not indicate a significant risk tolerance. these results suggests the need to actively pursue innovation that more product differentiation capabilities required in export companies to small and medium-sized manufacturing. In other words, when attempting to highlight product differentiation, based on innovation, rather than risk tolerance. In terms of analyzing the mediated role of product differentiation capabilities, this study has theoretical implications for the future research to look at the antecedents of export performance from the perspective of dynamic capabilities and competitive advantage. Also, practical implications in this regard as the innovativeness and taking risks to all important to CEO of small manufacturing enterprises but, stranger in the foreign market competition environment, the role of innovation product is required on raising product differentiation capabilities are presented.

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Monitoring of Pesticide Residues and Risk Assessment of Agricultural Products Consumed in South Korea (국내유통농산물 중 잔류농약 모니터링 및 안전성 평가)

  • Kim, Sung-Hun;Choe, Won-Jo;Baik, Yong-Kyoo;Kim, Woo-Seong
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.37 no.11
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    • pp.1515-1522
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    • 2008
  • Monitoring the pesticide residues in agricultural products is essential to protect consumers, obtain data for risk assessment, and ensure fair trade practices. We developed a multi-residue method for the analysis of 37 pesticides with different physico-chemical properties in agricultural products and analyzed the amount of pesticide residues on about 1,000 samples circulated in South Korea. The samples consisted of 26 different types of agricultural products selected at markets in 14 major cities; cereals (2 species), nuts (1 species) potatoes (1 species), beans (2 species), fruits (3 species), vegetables (16 species), and mushrooms (1 species). In this study, residual pesticides were detected in 23 samples (2.2%) and one sample was detected to be over maximum residue limits (MRLs, 0.1%) for pesticides in foods by the Korea food code. In leafy vegetables such as pepper leaves, radish leaves, cham-na-mul, shin-sun-cho, crown daisy, chwi-na-mul and citrus fruits such as kumquat, 8 kinds of pesticides were detected. Specially, diazinon were detected over MRLs and also, endosulfan, ethoprophos and phenthoate were detected frequently. Based on these results, we investigated the risk assesment from amount of residual pesticide, total %ADI was 1.262%, but the value has not effected on human health.