• 한국산학기술학회논문지
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• 제17권2호
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• pp.657-665
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• 2016

본 연구는 투자자의 부동산 투자의사결정에 있어 투자선호특성이 투자만족도를 경유하여 재투자의사에 미치는 영향구조를 분석하기 위해 투자선호특성을 규명하고, PLS구조방정식 모형을 활용하여 분석하였다. 분석결과, 우선 투자행동요인으로 구분된 수익성, 안전성, 위험성, 규제완화 중 수익성과 안정성 부문이 투자만족도에 유의한 영향을 미치는 것으로 나타났으며, 수익성 부문이 투자만족도에 큰 영향을 미치는 것으로 도출되었다. 다음으로 부동산특성요인으로 구분된 입지특성, 시설특성 중 입지특성이 투자만족도에 유의한 영향을 미치는 것으로 나타났다. 마지막으로 부동산 투자의 투자자 선호특성에 대한 투자만족도는 재투자의사에 유의한 영향을 미치는 것으로 나타났다.

• 한국콘텐츠학회논문지
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• 제16권3호
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• pp.553-562
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• 2016

본 연구는 투자자가 부동산 투자의사결정에 있어 고려해야하는 투자선호특성을 규명하고 투자자 유형에 따른 선호특성의 차이를 비교 분석하였다. 투자만족도에 영향을 미치는 요인을 분석하기 위해 선행연구 고찰을 통하여 투자선호특성을 종합하고 PLS(Partial Least Squares)회귀분석을 활용하여 그 영향을 실증하였다. 또한 투자자 유형별 투자선호특성을 비교하기 위해 분석대상을 기관투자자와 일반투자자로 구분하여 설문을 진행하였다. 분석결과 기관투자자는 인플레이션 헤지, 조지자본회수, 재무적 안전성, 레버리지 위험 등의 투자선호특성을 중시하는 것으로 나타났으며 일반투자자의 경우 임대수익, 시설 및 설비, 상권 및 인구, 이용 편의성, 레버리지 위험, 조기자본회수 등의 투자선호특성이 중요한 것으로 도출되었다. 또한 공통적인 투자선호특성으로 레버리지 위험, 조기자본회수, 시설접근성이 도출되었다. 이러한 결과를 바탕으로 시사점을 도출하면 다음과 같다. 첫째, 투자자들은 부동산 투자에 있어 투자 위험을 회피하거나 줄일 수 있는 요인을 중시 한다는 점이다. 둘째, 부동산 경기 침체 및 저금리 현상으로 나타나는 부동산 관련 규제 및 금융규제완화를 중요시하는 것으로 나타났다. 셋째, 부동산 투자의사결정에 있어 투자자 유형에 따른 차이를 고려해야 한다는 것이다.

• 통상정보연구
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• 제11권3호
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• pp.125-144
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• 2009

The purpose of this study is to research the investment environment of Vietnam and analyze the actual investment state of Korean enterprises in Vietnam and seek for the points at issue. In general, the investment environment in Vietnam shows both a positive side and negative side. However Vietnamese market is a attractive one as ever for direct investment of Korean enterprises considering their constant economy growth, investment increase of foreign company for Vietnam, China risk. And the point at issue in investment of Korean Enterprises is as follows. That is, inclining to manufacturing, preference of independence investment, small-sized investment by small and medium enterprises, preference of greenfield investment, restricted purpose of investment, insufficiency of infrastructure for logistics, electric power, legal system. The results of the study indicate mainly that the investment of Korean enterprise into Vietnam needs a switchover of the third service trade-tertiary industry, collaboration with Vietnamese enterprise through joint venture investment, a large-scale investment for Vietnam domestic market and neighboring countries' market, practical use of M&A with existing Vietnamese enterprise and diverse purpose for investment.

• 통상정보연구
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• 제10권1호
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• pp.375-393
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• 2008

The purpose of this study is to investigate the Chinese investment environment and analyze the actual investment condition of Korean enterprises in China and examine the points at issue. In general, the investment environment in China shows satisfactory progress. China has a multiple and regional extension policy in investment. And the environment for investment changes to insufficiency of company profit, extension of service market, maintenance of legislative system, and insufficiency of preference about foreign company. There are situations of inclining to manufacturing, inclining of region, preference of independence investment, small-sized investment by small and medium enterprises, difficulty of financial assistance, excess of logistic cost, delay of logistic term, difficulty of settlement of legal dispute and difficulty of taking a relative information in investment of Korean enterprise in China. The results of the study indicate mostly that the investment of Korean enterprise into China needs turnover of service trade-tertiary industry, portfolio of investment territory, cooperation with Chinese enterprise through joint venture investment and a large-scale investment for extension of Chinese domestic market.

• KDI Journal of Economic Policy
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• 제39권2호
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• pp.75-98
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• 2017

This paper aims to estimate the social discount rate (SDR) rather than dig into its theoretical foundation. As SDRs can be derived by investigating both the rate of return on investment and the social time preference rate, we estimate the marginal productivity of both private and public capital and the time preference rate based on the Euler equation. In order to provide a single representative SDR, the weighted averages of the marginal productivity and time preference rate, whose weights are determined by the flow of funds data reflecting the social demand of funds, are presented. Based on the empirical results, we argue that the marginal productivity of private capital stands in the middle of the 3% range while that of public capital varies from 4.5% to 8.6%, with the time preference rate showing a decreasing trend from 3.2% in the early 2000s to 1.2% by around 2030. The single representative SDR or the weighted SDR is estimated to be approximately 3.0~4.5% and expected to continue its downward trend for the foreseeable future.

• Journal of Multimedia Information System
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• 제8권1호
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• pp.69-74
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• 2021

This paper accumulates the product structure data such as bond obligation ratio and investment ratio for variable insurance using crawling from the insurance company's API, also accumulates variable insurance income and project expenses for variable insurance using crawling from the API of life insurance association. From these accumulated data, the correlation coefficient between fund product and customer preference is calculated with an investment algorithm, and variable insurance funds by customer investment preference and product structure are recommended according to market conditions. From the simulation results, it is shown that the proposed variable insurance management system properly recommends and manages variable insurance according to customer preferences.

• 대한교통학회지
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• 제17권1호
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• pp.41-52
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• 1999

'90년대 들어 미국을 중심으로 Double Counting 문제와 Keynesian/Neo-classical economics theory 까지 연계되어 교통투자가 경제성장에 거의 영향을 주지 않는다는 이론과 영향을 많이 준다는 상충되는 연구결과가 계속 발표되었다. 본 논문은 교통에 대한 투자가 경제성장에 미치는 영향을 계량적으로 분석한 것이다. 범위를 좁혀 도로에 대한 투자가 생산성 즉 제조업체의 물류비에 미치는 영향을 Stated Preference Technique를 이용하여 분석한 것이다. 도로이용 승객의 시간가치를 추정하는 일반적인 Cost/Benefit Analysis와는 달리 화물수송과 관련된 투자효과를 분석하였다. 먼저 도로에 대한 투자가 화물의 수송시간절약과 그에 따른 창고시설, 재고관리등에 미치는 영향을 continuous review system과 periodic review system으로 나누어 이론적으로 고찰하였다. 또한 본 논문에서는 Utility Model에 기초하여 시간가치(value of time)와 화물도착의 정확성 (value of reliability)을 도착지별(depot/consumer)과 상품별로 econometrics 기법을 활용 분석한 후 영국의 COBA와 비교 검토하였다. 종합적으로 도로에 대한 투자가 시간절약, 운행비용절감, 사고비용절감 등 직접적인 효과(direct benefit)외에 depot감소, 운행차량감소, 재고비용절약, 유휴자원의 활용 등(secondary benefits)을 통하여 경제성장에 긍정적인 영향을 끼치고 있는 것으로 나타났다.

• 충청수학회지
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• 제32권2호
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• pp.215-224
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• 2019

We investigate the optimal consumption and investment decision problem of an agent whose time preference is time-inconsistent. Specifically, for a time-separable utility function, the agent's subjective discount factor is supposed to be changed randomly in the future. We provide closed-form solutions in the presence of income process. The method can be extended into the case with a stochastic income process.

• 유통과학연구
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• 제13권10호
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• pp.51-56
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• 2015

Purpose - This study examines Chinese P2P investment decision processes from a behavioral economics approach. Research design, data, and methodology - We analyze the online P2P investment product purchase decisions of 241 respondents in China, March 2015 to May 2015. T-tests were conducted to determine whether the framing effect influenced investor investment preferences. The Association Rule was used to identify the framing effect of respondent demographic characteristics on joint decisions regarding stable or risky investment products. Results - There are significant differences between the two groups (positive framing and negative framing) and their product-choosing behavior. In the positive framing group, female investors, young investors, investors with non-financial occupations and with limited or no experience, preferred stable P2P investment products. In contrast, in the negative framing group, investors with extensive investment experience preferred risky investment products. Conclusions - The framing effect influences investor choices in online P2P investment products. It is necessary to implement comprehensive supervision and full information disclosure regarding P2P investment products. P2P investment websites can also adopt different marketing strategies according to investor gender and age.

• 기술경영경제학회:학술대회논문집
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• 기술경영경제학회 2006년도 제28회 동계학술발표회 논문집
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• pp.170-186
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• 2006

The guarantee funds for government policy fund, venture capital investment fund, technology guarantee debt are the core parts of the external financing system in the constant technology innovation company. However, the enterpriser's requirement to keep the technology innovation with minimized management intervention and policy maker's hope to advance technology development with clear operation of funds is enough to request for research of the project investment plan to the R&D project. This paper will analyze whether technology innovation company that creates cash flow prefers to the project investment as a financing program or not, and if prefers, what characters of company affect on this preference. The more the company that pursuit the additional R&D activity separated to on-going items becomes over the fixed size, the more prefers the project investment as future external fund-raising. Together with that, this paper suggests that we can apply the plan like special purpose vehicle, SWORD(Stock Warrant Off-Balance sheet R&D) and R&D Limited Partnership as R&D project investment policy, and improve the system itself.