• Title/Summary/Keyword: 그룹관리

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Information Contents of Dividend and Ex-dividend Day Stock Returns (현금배당 사전공시기업의 정보효과 및 배당락일의 주식수익률)

  • Kim, Sung-Min;Kim, Ji-Eun
    • The Korean Journal of Financial Management
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    • v.21 no.1
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    • pp.1-32
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    • 2004
  • This paper investigates the stock price and the volume behavior on the ex-dividend day using the December fiscal year firms listed on the Korea Stock Exchange from 1998 to 2000. Using the samples of voluntarily preannounced dividend-raying firms prior to the end of fiscal you, this study corrects the major limitations on previous studies -Kim, S. (1997) and Kim, S. (2003)- which were based on the perfect foresight assumption for firms' upcoming dividends. Also, this paper examines the information content of dividend more properly, since the preannounced date for the upcoming dividend payment is employed for the first time as the event date. Empirical results show that the announcement effects of cash and/or stock dividend is significant around the event date. The ex-dividend day stock returns are negative as expected for the samples of voluntarily preannounced cash dividend-paying firms.

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The Market Effect of Additions or Deletions for KOSPI 200 Index : Comparison between Groups by Size and Market Condition (KOSPI 200지수종목의 변경에 따른 시장반응 : 규모와 시장요인에 따른 그룹간 비교분석)

  • Park, Young-S.;Lee, Jae-Hyun;Kim, Dae-Sik
    • The Korean Journal of Financial Management
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    • v.26 no.1
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    • pp.65-94
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    • 2009
  • The event of change in KOSPI 200 Index composition is one of the main subjects for the test of EMH. According to EMH, when a certain event is not related with firm's fundamental value, stock price should not change after the announcement of news. This hypothesis leads us to the conclusion of horizontal demand curve of stock. This logic was questioned by Shleifer(1986) and argued that downward sloping demand curve hypothesis was supported. But Harris and Gruel(1986) found a different empirical evidence that price reversal occurs in the long run, which is called price pressure hypothesis. They argued that short term price effect by large block trading (price pressure) is offset in the long run because these event is unrelated to fundamental value. Therefor, they argued that EMH can not be rejected in the long run. Until now, there are two empirical studies with Korean market data in this area. Using a data with same time period of $1996{\sim}1999$, Kweon and Park(2000) and Ahn and Park(2005) showed that stock price or beta is not significantly affected by change in index composition. This study retested this event expanding sample period from 1996 to 2006, and analyzed why this event was considered an uninformative events in the preceding studies. We analyzed a market impact by separating samples according to firm size and market condition. In case of newly enlisted firm, we found the evidence supporting price pressure hypothesis on average. However, we found the long run price effect in the sample of large firms under bearish markets. At the same time, we know that the number of samples under the category of large firms under bearish markets is relatively small, which drives the same result of supporting the hypothesis that change in index composition is a non-informative event on average. Also, the long run price effect of large size firms under bearish markets was supported by the analyses using trading volumes. On the other hand, in case of delisting from the index, we found the long run price effect but that was not supported by trading volume analyses.

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The Analysis of Maturity on Implementation of Safety and Health Management System in a Construction Company (건설업 안전보건경영시스템 실행의 성숙도 분석)

  • Oh, Byung Sub;Kwon, Chang Hee
    • Journal of the Society of Disaster Information
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    • v.8 no.3
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    • pp.310-318
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    • 2012
  • Actual condition by items based on the level of execution of Construction Company certified by Construction Safety and Health Management Systems (KOSHA 18001) was investigated, analyzed and evaluated reflecting various opinions fincluding safety experts, top management, audit experts, and construction engineers. Currently, the maintenance is being managed through internal audit after the safety and health management system has been certified, but it is difficult to identify the degree of continuous improvement. In order to present the standards to see the level of quantified system, this study was conducted. The purpose of this study is to present the system maturity evaluation tool to be used to reduce occupational accidents through proper establishment and continuous improvement of national health and safety management system. Results of this study are summarized through identification of current condition of implementation of KOSHA 18001 system, development of maturity measurement tool and verification as follows: First, priority of implementation for activities of headquarters and on-site was determined by importance of activities such as the risk assessment, safety and health accident prevention activities, performance assessment and monitoring, resource management and support, and management review and improvement in order. In addition, the expert group presented that association with continuous improvement activities could establish the system by presenting strengths, weaknesses and improvement subjects of system.

Development of Predictive Models of Listeria monocytogenes in Fresh-Cut Fruits and Vegetables (신선편의 냉장·냉동 과채류에서 Listeria monocytogenes의 예측모델 개발)

  • Kim, Geun Hyang;Lim, Ju Young;Kim, Yeon Ho;Yang, So Young;Yoon, Ki Sun
    • Journal of Food Hygiene and Safety
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    • v.35 no.5
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    • pp.495-502
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    • 2020
  • Processing fresh produce into fresh-cut products increases the risk of bacterial growth and contamination by breaking the exterior barrier of produce. Our objective in this study was to develop predictive models of Listeria monocytogenes in the fresh-cut salad, fresh-cut pineapple, and frozen mango. Predictive growth and survival models were developed to predict the change of L. monocytogenes populations in the fresh-cut salad (4, 10, 12, 13, 17, 25, and 36℃), fresh-cut pineapple (4, 10, 17, 25, 30, and 36℃), and frozen mango (-2, -10 and -18℃) as a function of temperature. The growth of L. monocytogenes in fresh-cut salad and pineapple was observed at above 13℃ and 10℃, respectively. The growth of L. monocytogenes in pineapple was faster than in salad. The delta value of L. monocytogenes in frozen mango increased as the storage temperature decreased. The results indicate that L. monocytogenes behave differently according to the physicochemical properties of fresh-cut fruits and vegetables. Since L. monocytogenes grow and survive well in refrigerated and frozen conditions, management programs and preventive controls for the processing of fresh-cut produce should be effectively implemented to enhance the safety of fresh-cut fruits and vegetables at retail markets.

A Study on the Activation for the Mobile App Services of Local Government (지방자치단체의 모바일 앱 서비스 이용 활성화 방안에 관한 연구: 부산광역시를 중심으로)

  • Jung, Su Hee;Hong, Soon Goo;Cha, Yoon Sook;Kim, Jong Weon
    • Journal of Korea Society of Industrial Information Systems
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    • v.18 no.2
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    • pp.71-83
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    • 2013
  • Because of rapid advance of wireless Internet-related technology and fast diffusion of Smart phone, a variety of mobile applications through domestic and foreign app stores have been made and used. Under the recognition of current trend, both central government and local government have developed and provided public mobile app in order to accomplish the mobile e-government. However, public mobile app is not popular in spite of vast investment for its development and service. This study investigated current issues and problems of public mobile app in public service, management, and technology aspects. To do so, this study categorized the interested people of public mobile app into users, providers, and developers, and conducted deep interviews to them. Based on the interview results, the study suggested the following recommendations for the activating tools of public mobile app: providing user-customized information, fruitfulness of public information management, maintenance of management system for public mobile app service, user-friendly promotion appropriate in mobile environment, public mobile app development based on e-government standard framework, etc.. This study may provide the researchers with the successive study guidelines in mobile e-government and public mobile app fields. Also, the study may help the practitioners to make effective decisions on polices and strategies for mobile e-government of local government.

3D Modeling of Turbid Density Flow Induced into Daecheong Reservoir with ELCOM-CAEDYM (ELCOM-CAEDYM을 이용한 대청댐 유입탁수의 3차원 모델링)

  • Chung, Se-Woong;Lee, Heung-Soo;Ryoo, Jae-Il;Ryu, In-Gu;Oh, Dong-Geun
    • Journal of Korea Water Resources Association
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    • v.41 no.12
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    • pp.1187-1198
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    • 2008
  • Many reservoirs in Korea and their downstream environments are under increased pressure for water utilization and ecosystem management from longer discharge of turbid flood runoff compared to a natural river system. Turbidity($C_T$) is an indirect measurement of water 'cloudiness' and has been widely used as an important indicator of water quality and environmental "health". However, $C_T$ modeling studies have been rare due to lack of experimental data that are necessary for model validation. The objective of this study is to validate a coupled three-dimensional(3D) hydrodynamic and particle dynamics model (ELCOM-CAEDYM) for the simulation of turbid density flows in stratified Daecheong Reservoir using extensive field data. Three different groups of suspended solids (SS) classified by the particle size were used as model state variables, and their site-specific SS-$C_T$ relationships were used for the conversion between field measurements ($C_T$) and state variables (SS). The simulation results were validated by comparing vertical profiles of temperature and turbidity measured at monitoring stations of Haenam(R3) and Dam(R4) in 2004. The model showed good performance in reproducing the reservoir thermal structure and propagation of stream density flow, and the magnitude and distribution of turbidity in the reservoir were consistent with the field data. The 3D model and turbidity modeling framework suggested in this study can be used as a supportive tool for the best management of turbidity flow in other reservoirs that have similar turbidity problems.

The Concept of Finding Aids

  • Sinn, Dong-Hee
    • Journal of Korean Society of Archives and Records Management
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    • v.3 no.1
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    • pp.93-109
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    • 2003
  • Finding aids have existed from the time when ancient archives appeared, With this long history, they have been used in most of Western archives, and thus, it is one of the most familiar tasks generally performed by archivists. However, ironically, this accustomed concept has not been an academic object to many researchers. Especially, in this electronic age, finding aids are even more complicated in their forms and meanings. This paper intends to address the concept(s) of finding aids as reflected in the archival literature in North America. The paper will attempt to illustrate how the concept of finding aid has evolved both conceptually and practically in archives and archival science and how circumstantial and social elements affect this concept. It Seems that the concept of finding aids has developed from the broad and integrated concept of provenance and pertinence to the narrower and practical sense considering the use by the public. It also turns out that the concept has advanced from a mere technical tool for describing records to an access tool for maximum availability. Not surprisingly, the concept of finding aids have changed as archival science and the profession has advanced and diversified. It is crucial for the archival community to understand changes in the practice and the concept of finding aids that will enable the preparation of higher quality finding aids enabling the optimum use of archives.

Developing the credit risk scoring model for overdue student direct loan (학자금 대출 연체의 신용위험 평점 모형 개발)

  • Han, Jun-Tae;Jeong, Jina
    • Journal of the Korean Data and Information Science Society
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    • v.27 no.5
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    • pp.1293-1305
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    • 2016
  • In this paper, we develop debt collection predictive models for the person in arrears by utilizing the direct loan data of the Korea Student Aid Foundation. We suggest credit risk scorecards for overdue student direct loan using the developed 3 models. Model 1 is designed for 1 month overdue, Model 2 is designed for 2 months overdue, and Model 3 is designed for overdue over 2 months. Model 1 shows that the major influencing factors for the delinquency are overdue account, due data for payment, balance, household income. Model 2 shows that the major influencing factors for delinquency loan are days in arrears, balance, due date for payment, arrears. Model 3 shows that the major influencing factors for delinquency are the number of overdue in recent 3 months, due data for payment, overdue account, arrears. The debt collection predictive models and credit risk scorecards in this study will be the basis for segmented management service and the call & collection strategies for preventing delinquency.

The selection of import-export goods contributing to activate port hinterland operation - focusing on Port of Incheon (항만 배후단지 운영에 기여하는 수출입품목 선정에 관한 연구 - 인천항을 중심으로 -)

  • Jung, Hyun-Jae;Yeo, Gi-Tae;Kim, Jong-Kil
    • Journal of Navigation and Port Research
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    • v.34 no.3
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    • pp.229-234
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    • 2010
  • The aim of this study is to select the import and export goods which contribute to activate the operation of port hinterland. The spatial ranges of this study are A-am 1 logistics complex and 4dock hinterland. The Factor Analysis(FA) and Analytic Hierarchy Process(AHP) are used as the methodologies. Eleven low evaluation factors including 'creation of traffic cargo volume' are selected by precedent studies and four high evaluation factors including 'effective management' are grouped through factor analysis. As the result of priority among low evaluation factors through AHP, 'creation of traffic cargo volume' is the most important factor. Moreover using the AHP, 'electronic component' is the most important item which activate the Port of Incheon and its hinterland. So cargos which have the potential to create traffic cargo volume such as 'electronic component' must be managed strategically and this study can be used as important index when people concerned attract items.

Mobbing-Value Algorithm based on User Profile in Online Social Network (온라인 소셜 네트워크에서 사용자 프로파일 기반의 모빙지수(Mobbing-Value) 알고리즘)

  • Kim, Guk-Jin;Park, Gun-Woo;Lee, Sang-Hoon
    • The KIPS Transactions:PartD
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    • v.16D no.6
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    • pp.851-858
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    • 2009
  • Mobbing is not restricted to problem of young people but the bigger recent problem occurs in workspaces. According to reports of ILO and domestic case mobbing in the workplace is increasing more and more numerically from 9.1%('03) to 30.7%('08). These mobbing brings personal and social losses. The proposed algorithm makes it possible to grasp not only current mobbing victims but also potential mobbing victims through user profile and contribute to efficient personnel management. This paper extracts user profile related to mobbing, in a way of selecting seven factors and fifty attributes that are related to this matter. Next, expressing extracting factors as '1' if they are related me or not '0'. And apply similarity function to attributes summation included in factors to calculate similarity between the users. Third, calculate optimizing weight choosing factors included attributes by applying neural network algorithm of SPSS Clementine and through this summation Mobbing-Value(MV) can be calculated . Finally by mapping MV of online social network users to G2 mobbing propensity classification model(4 Groups; Ideal Group of the online social network, Bullies, Aggressive victims, Victims) which is designed in this paper, can grasp mobbing propensity of users, which will contribute to efficient personnel management.