http://chineseinput.net/에서 pinyin(병음)방식으로 중국어를 변환할 수 있습니다.
변환된 중국어를 복사하여 사용하시면 됩니다.
- 中文 을 입력하시려면 zhongwen을 입력하시고 space를누르시면됩니다.
- 北京 을 입력하시려면 beijing을 입력하시고 space를 누르시면 됩니다.
RISS 인기검색어
- 검색키워드
- 저자 : 박경 ( Kyung Park ) (검색결과 4,663 건)
- 무료
- 기관 내 무료
- 유료
-
연구논문(硏究論文) : 대공황 시기 미국 은행들의 내부자 대출
박경로 ( Kyung Ro Park ) 경제사학회 2012 經濟史學 Vol.53 No.-
금융기관의 부실은 과도한 위험추구뿐만 아니라 금융가들의 사적 이익추구, 죽 금융기관 약탈의 결과일 수도 있다. 대공황 시기의 금융위기로 말미암아 미국에서는 은행가들에 대한 신뢰가 떨어졌고 이것이 뉴딜 금융개혁의 중요한 사회적 배경을 이루었다. 하지만 약탈에 대한 집적적이고 체계적인 증거를 제시하기 힘든 탓에 최근의 금융위기 이전에는 경제학 분야에서 이러한 논의는 매우 제한적이었다. 이 연구는 대공황 시기에 시카고에서 파산한 21개 국법은행의 파산관재인들의 첫 번째 분기별 보고서를 자료로 이용하여 내부자 대출의 실태를 조사하였다. 그리고 전국의 225개 파산은행들에 대한 연방준비제도 이사회의 한 보고서를 이용하여 조사결과를 해석함에 있어서 신중을 기하였다. 이를 통해 대공황 시기 미국의 은행업에서 은행가들의 은행 약탈을 위한 내부자 대출이 상당히 빈번하게 이루어졌다는 연구결과를 제시하였다. 이는 미국 은행업의 변화에 대한 역사적 설명이나 금융과 성장, 위기에 대한 이론적 고민에서 지난 30년 동안 지배적인 가설로 자리잡아온 관계형 은행업과 원격형 은행업에 대한 이해 방식을 재검토할 필요가 있음을 시사하는 것이다. The financial distress of a bank can be the result of looting as well as of excessive risk taking. Widespread distrust of bankers arisen from the banking crises during the Great Depression was one of the driving forces of New Deal financial reform. Looting, however, was not discussed as an important phenomenon of banking by economists until recently because looting behaviors can be hardly detected on the basis of direct and systematic evidences. This paper examines the realities of insider lending in the U.S. during the Great Depression utilizing the Receiver`s first quarterly reports of 21 Chicago national banks which failed in 1931 and 1932 and an unpublished report of a Fed committee on 225 Fed member banks failed in the 1920s and 1931. It shows that insider lending by bankers in order to loot their own banks was widespread across the U.S. banks before and during the Great Depression. The results of this paper imply that we should reconsider some existing arguments of the U.S. banking history: on the timing and the effects of substitution of arm`s length banking for relationship banking, on the effects of double liability rule during the bubble period, and on the nature of contagion of fear during the Great Depression banking crises. In sum, this paper sheds some lights on the regulations for financial stability.
-
박성경 ( Seong Kyung-park ),진승현 ( Seung Hyeon-jin ),이규민 ( Kyu Min-lee ),권영진 ( Young Jin-kwon ) 한국건축시공학회 2017 한국건축시공학회 학술발표대회 논문집 Vol.17 No.1
Korean apartment buildings have been manhattanized and enlarged, but it caused increase of fire accidents. Fire accidents such as Uijeongbu apartment fire(2015), and Ssangmoon apartment fire(2016) caused many deads because of a lack of emergency exit route awareness. Follow to advanced research, conducted suervey on fire safety awareness. On this study, it will present the basic data based on the result of the survey to secure the life
-
-
종업원지주제도(ESOP) 도입을 통한 종업원의 영향력 강화가 기업경영과 기업가치에 미치는 영향
박경서 ( Kyung Suh Park ),정찬식 ( Chan Shik Jung ) 한국금융학회 2010 금융연구 Vol.24 No.1
본 연구는 국내기업에 종업원지주제도(ESOP)가 도입됨에 따라 종업원이 주주로서의 경제적 유인을 갖게 될 경우 근로자로서의 고정적 청구권(fixed claim)과 주주로서의 잔여적 청구권(residual claim)이 기업경영에 어떠한 교차적(interactive) 영향을 미치는 가를 분석하고 있다. 실증분석결과 종업원지주제도의 도입에도 불구하고 종업원은 주주로서의 경제적 유인보다는 근로자로서의 경제적 유인이 보다 강하게 작용하는 것으로 나타난다. 특히 종업원이 일정수준 이상의 주식을 보유하고 있거나 지배주주가 존재하지 않는 분산된 소유구조를 가진 기업의 경우, 종업원이 기업가치에 부정적인 영향을 미치는 정도가 더욱 큰 것으로 나타난다. 이는 종업원의 주주화가 기업가치에 오히려 부정적 요인으로 작용할 수 있으며 그 정도가 전문경영자 체제하에서 더욱 심각할 수 있음을 보여주고 있다. This paper analyzes the effect of the introduction of ESOPs on the management of Korean companies listed on the Korea Stock Exchange and on their firm values through an interactive dynamics with labor unions. One main objective of ESOPs is to lessen the conflicts of interests between the shareholders and the employees of a company by aligning their economic incentives. However, the paper sets up a hypothesis that ESOP might be exploited to strengthen the interest of employees as fixed wage earners by taking advantage of their voting rights to participate in corporate management, thus leading to more conflicts of interests with shareholders rather than aligning the interest of employees with that of shareholders. It is generally true that not many countries legally allow employees to officially participate in the management of their companies. Germany is one exception where the representatives of labor unions sit on the supervisory board of directors under its two-tier board system. One main reason for employees not to be allowed to participate in corporate managements would be due to their differential economic incentives from those of shareholders: Employees` main economic compensations are salaries which are mostly of fixed components while shareholders benefit from increasing revenues of their companies. This implies that shareholders have a strong incentive to take risk in their business decisions while employees would not do so as long as operating income exceeds their wage level. However, it is also a fact that employees do exercise some influence on the management of their companies and many existing literatures confirm such influence. The purpose of the paper is to empirically check such a possibility in Korean companies. Previous studies on the issue have approached the subject by analyzing the effect of labor participation or the introduction of ESOPs on corporate management separately, and have not considered their combined effect. We extend the existing research by analyzing whether the effect of labor participation in corporate management would be affected by the introduction of ESOPs in Korean companies. We expect that stronger labor unions would lead to lower investments in R&Ds, lower sales growth rates, lower dividend payout ratios, and lower firm values measured by Tobin`s Q. Strong labor unions would be negatively correlated with even employment growth rates since they would want to protect their vested interests at the sacrifice of future employees. On the other hand, we conjecture that ESOPs would be positively correlated with those variables since in theory they would align the incentives of employees with those of shareholders. However, we also conjecture the opposite since there is a very high chance that ESOPs are exploited as a channel for employees to officially participate in the management of their companies and strengthen the fixed component of their economic compensation. Especially, when the ownership structure is dispersed widely and there is no controlling shareholder so that a professional group of managers are in charge of the management, then the latter might be in a position to secure the support of employees to defend their control and therefore might be willing to succumb to the requests of employees in corporate decision making. The empirical analyses using the fixed effect panel model show that the introduction of ESOP negatively affects firm values, and that labor unions have negative effects on corporate behaviors and firm values. We also find that the negative effects of labor unions are stronger when there exists no controlling shareholder. Such results imply that, contrary to its original objective, ESOPs may not work to align the incentives of shareholders and employees, but rather strengthen the fixed claims of employees. It also implies that existence of a controlling shareholder can have a positive effect on the management of a company through his counter balancing role against the self interested demand of employees.
-
-
-
-
서울지역 거주 노인들의 만성질환에 따른 식품 및 영양소 섭취 실태 조사
박유경(Park, Yoo Kyung),이연주(Lee, Yeon Joo),이상선(Lee, Sang Sun) 한국영양학회 2012 Journal of Nutrition and Health Vol.45 No.6
This study was carried out in order to investigate the status of food and nutrient intakes depending on the types of chronic disease of the elderly at welfare centers in Seoul. The total number of subjects was 299 elderly over the age of 60 (82 men and 217 women); they were grouped by the disease status: normal, cardiovascular disease (CVD), diabetes mellitus (DM) and arthritis patients groups. The dietary intakes were obtained by a 24-hour recall and analyzed by CAN-Pro 4.0; they were then compared with the dietary reference intakes for the Korean (KDRIs). In the results of anthropometric data according to chronic disease, the waist circumference of the normal group in males and females was lower than the other groups; in particular, the normal female group showed a lower level of waist-hip ratio, body mass index (BMI) and body fat % than those of the other groups. The arthritis group showed a higher intake of milk products than the other groups (p < 0.05); consequently, calcium intake was significantly higher than that of the other groups (p < 0.001). Vitamin A intake in the arthritis group was significantly higher than the intake in the normal and DM groups (p < 0.01). Normal and arthritis groups showed significantly higher intake of zinc and copper than the CVD group (p < 0.01). In general, about 80% of the subjects in this study revealed insufficient intakes of riboflavin, vitamin C, calcium, dietary fiber, vitamin D, biotin and potassium, compared with the estimated average requirement (EAR) or adequate intake (AI). However, sodium intake of all groups was higher than the AI of KDRIs. In conclusion, nutrient intake, according to the chronic disease, showed significant difference in some of the micronutrients, vitamin A, Ca, Zn and Cu. Therefore, we suggest that dietary guidelines, such as reducing the intake of salty foods and sweet drinks and increasing the intake of foods with sufficient calcium, vitamin D and vitamin C, are necessary to the improvement of eating habits for the elderly.
-
-
ScienceON연관 검색어 추천
이 검색어로 많이 본 자료
활용도 높은 자료
