• Title/Summary/Keyword: 베타율

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Further Investigations on the Financial Characteristics of Credit Default Swap(CDS) spreads for Korean Firms (국내기업들의 신용부도스왑(CDS) 스프레드의 재무적 특성에 관한 심층분석 연구)

  • Kim, Han-Joon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.9
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    • pp.3900-3914
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    • 2012
  • This study examined the background of the recent global financial crisis and the concept of one of the financial derivatives such as the credit default swap(CDS) or synthetic CDO(collateral debt obligations), given the rapid growing and changing the over-the-counter derivative markets in their volume and structures. In comparison with the previous literature such as the study of Park & Kim (2011), this research empirically performed more thorough and comprehensive investigations to find any financial characteristics or attributes to determine the CDS spreads. Regarding the results obtained from the multiple regression models, the explanatory variables such as STYIELD3, SLOPE, INASSETS, and VOLATILITY, showed their statistically significant effects on all the tested dependent variables(DVs). Another procedure such as the principle component analysis(PCA), was also performed to account for additional IDVs as possible determinants of the dependent variables. Subsequent to this analysis, larger coefficients of each corresponding eigenvector such as BETA, PFT2, GROWTH, STD, and BLEVERAGE were found to be possible financial determinants. For robustness, all the IDVs were employed to be tested in the 'full' regression model with stepwise procedure. As a result, STYIELD3, SLOPE, and VOLATILITY, and BETA showed their statistically significant relationship with all the dependent variables of the CDS spreads.

Comparison of Cardinal Temperatures of Lettuce Using Bilinear, Parabolic, and Beta Distribution Functions (선형, 쌍곡선과 Beta 함수를 이용한 상추의 주요 온도 비교)

  • Cha, Mi-Kyung;Kim, Chun-Sik;Austin, Jirapa;Cho, Young-Yeol
    • Journal of Bio-Environment Control
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    • v.23 no.1
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    • pp.39-42
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    • 2014
  • The objective of this study was to estimate cardinal temperatures for germination of lettuce (Lactuca sativar L.) using bilinear, parabolic, and beta distribution functions. Seeds of lettuce were germinated in a growth chamber at 7 constant temperatures: 10, 14, 16, 20, 24, 28, and $32^{\circ}C$. Four replicates of 100 seeds were placed on two layers of filter paper in a 9 cm petri-dish. Radicle emergence of 1 mm was scored as germination. The time course of germination was modeled using a logistic function. These minimum, optimum, and maximum temperatures were estimated by regression of the inverse of time to 50% germination rate against the temperature gradient. In bilinear function, minimum, optimum, and maximum temperatures were $7.9^{\circ}C$, $23.3^{\circ}C$, and $28.0^{\circ}C$, respectively. In parabolic function, minimum, optimum, and maximum temperatures were $9.7^{\circ}C$, $19.5^{\circ}C$, and $29.4^{\circ}C$, respectively. In beta distribution function, minimum, optimum, and maximum temperatures were $3.7^{\circ}C$, $20.7^{\circ}C$ and $32.0^{\circ}C$, respectively. Minimum, optimum, and maximum ranges of temperatures were $3.7{\sim}9.7^{\circ}C$, $19.5{\sim}23.3^{\circ}C$, and $28.0{\sim}32.0^{\circ}C$, respectively.

A Study on the Build-up Model for the Discount Rate of Technology Valuation including Intellectual Property Risk (지식자산위험을 고려한 기술가치평가 할인율 적산모형에 관한 연구)

  • Sung, Oong-Hyun
    • Journal of Korea Technology Innovation Society
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    • v.11 no.2
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    • pp.241-263
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    • 2008
  • Within any income approach, a discount rate is used to convert some projected free cash flow to its presented value. In case of valuing companies, the most frequently used discount rate is the weighted average cost of capital(WACC) at the aggregate level. But technology valuation is different to discounting aggregate corporate cash flow since it is concerned about individual Intellectual property. Therefore, blindly applying standard discount rate such as WACC in technology valuation is unlikely to lead to the right result. The primary focus of this paper is to establish the structure of discount rate for technology valuation and to suggest the method of estimation. To determine an appropriate discount rate for technology valuation, the level of technology risk, market risk and competitive risk should be included in the structure of discount rate. This paper suggests the build-up model which consists of three components as a expansion of the CAPM. It includes (1) a risk-free rate of return, (2) general market risk premium and beta and (3) intellectual property risk premium related to technology risk and specific target market risk. However, there is no specific check list for examining the intellectual property risk until now and no specific method for quantifying its risk into risk premium. This paper developed the 10 element to determine the level of the intellectual property risk and applied estimation function such as linear function, natural log function and exponential function to transform the level of risk into risk premium. The limitation of this paper is that the range of intellectual property risk premium is inferred based on the information of foreign and domestic valuation agency. Finally, this paper explored the development of an intellectual property discount rate for technology valuation and presented the method in order to quantify the intellectual property risk premium.

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Physicochemical Characteristics of Powder from Cryogenic Grinding of Aronia, Grapefruit, Black Bean, and Germinated Brown Rice (동결분쇄에 따른 아로니아, 자몽, 서리태, 발아현미의 이화학적 특성)

  • Jeon, Hyeong-ju;Lee, Il-nam;Han, Ye-eun;Jeong, Ho-jun;Park, Ha-eun;Jung, Ju-yeong;Rhee, Jin-Kyu
    • Microbiology and Biotechnology Letters
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    • v.45 no.4
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    • pp.291-298
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    • 2017
  • We compared the ingredients present in freeze-dried ground food samples with those present in hot air-dried and ambient ground food samples to optimize processing conditions for preserving nutrients in and for improving the ingestion of different foods. The freeze-dried ground sample of black bean showed 4.57% higher retention rate than the ambient ground sample of black bean. Mineral content was also significantly different between these two samples. Moreover, the freeze-dried ground sample of black bean contained 11.54% higher content of ${\beta}$-carotene, a precursor of vitamin A, than the ambient ground sample of black bean. Total anthocyanin content was 453.49 mg in the freeze-dried ground sample of Aronia compared with 158.98 mg in the ambient ground sample of Aronia. Contents of ${\beta}$-carotene and niacin increased by 129.47% and 439.39%, respectively, in the freeze-dried ground sample of grapefruit. Retention rates of proteins, carbohydrates, and niacin were 107.74%, 103.87%, and 156.52%, respectively, in the freeze-dried ground sample of germinated brown rice. Protein digestibility increased by 120.5% and 101.14% in the freeze-dried ground samples of Aronia and black bean, respectively, but did not increase in the freeze-dried ground samples of grapefruit and germinated brown rice.

The Effect of Antifat Diets with β-Cyclodextrin on the Weight Loss in Obese Korean Women (비만 여성에서 베타-사이클로덱스트린 함유 다이어트 식품의 체중 감소 효과)

  • 박병성
    • Journal of the Korean Society of Food Science and Nutrition
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    • v.33 no.5
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    • pp.832-838
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    • 2004
  • This study investigated the effects of an antifat diet with $\beta$-cyclodextrin on the reduction of body weight, obesity index, body mass index, body fat mass, body circumferences and plasma lipid levels in obese Korean women. After maintaining an antifat diet for 45 days, there were significant reductions in body weight by 4 kg, obesity index by 5%, body mass index by 1 kg/$m^2$ and body fat mass by 7% as absolute values (p<0.05). When expressed as percentages of the decrease, these reductions remained significant at 4%, 13%, 4% and 20%, respectively (p<0.05). In addition, after maintaining this antifat diet for 45 days, there were also significant reductions in arm, waist, hip and thigh circumferences by 3 cm as absolute values when compared to before intake of antifat diet, and these reductions remained significant at 8%, 3.4%, 3% and 5%, respectively (p<0.05) as percentages of the decrease. Furthermore, this antifat diet significantly reduced triacylglyceride by 103 mg/dL, total cholesterol by 50 mg/dL and LDL-C by 50 mg/dL respectively (p<0.05). Thus, the present results demonstrate that $\beta$-cyclodextrin may have benefit as a novel food resource for diets to prevent obesity and control overweight in adult women.

Influences of the Plant Growth under Beta-Rays Irradiation at Low Dose (저 선량 베타선의 조사에 의한 식물의 생장에 미치는 영향)

  • Lee, Byung-Koo;Im, In-Chul;Kim, Jong-Eon
    • Journal of radiological science and technology
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    • v.33 no.2
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    • pp.143-148
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    • 2010
  • This study is to analyze effects of the growth of Chunhyang Young Radish (CYR) and Altari Radish (AR) according to the exposure for 31 days at low dose ${\beta}$-rays. This test has one contrast sample and eleven test samples each as to AR and CYR. The seeds from contrast and test sample were planted in the culture soil after 8 seeds were chosen from each with identical condition. The accumulated dose of test samples has been measured at consistent time on a daily basis for 31 days. The growing process and germination have been measured twice at consistent time in each week. The number of leaves, length of first leave and weight have been acquired average value by measuring for 20 and 25 days, respectively after being planted. The result of test sample in case of 25 days shows that 5% increase in length and 36% increase in weight for AR each at accumulated dose 0.01 Gy compared to the contrast sample. And the length of CYR has increased by 13~17% and 1% at accumulated dose 0.01~0.08 Gy and 0.3 Gy compared to the contrast sample. For the weight at accumulated dose 0.05 Gy and 0.23 Gy has increased by 36% and 2% compared to contrast sample. As to the number of leaves, AR has increased by 0~50% at accumulated dose 0.01-0.32 Gy compared to contrast sample. It also shows that the CYR has increased to 0~67% at accumulated dose 0.01-0.62 Gy compared to contrast sample. As a result of this study, it indicates that both AR and CYR has generally increased in their length, weight, and the number of leaves at low level accumulated dose part 0.01~0.2 Gy. The size of cell, area of nucleus and density of cell for test sample has been observed quite similar to the ones from contrast sample through microscope. In conclusion, AR and CYR irradiated by ${\beta}$-rays have estimated that they are achieved a rapid growth at low level accumulated dose region corresponding to its radiation hormesis theory. Further studies need to confirm the correlation between the radiation hormesis and the growth of the plants.

Postoperative Atrial Fibrillation after Isolated Coronary Artery Bypass Graft Surgery (단독관상동맥우회로술 후 발생한 심방세동)

  • Suh, Jong-Hui;Park, Chan Beom;Moon, Mi-Hyoung;Kweon, Jong Bum;Kim, Young-Du;Jin, Ung;Moon, Seok-Whan;Kim, Chi-Kyung
    • Journal of Chest Surgery
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    • v.42 no.1
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    • pp.14-21
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    • 2009
  • Background: Postoperative atrial fibrillation (AF) is a common complication after coronary artery bypass graft (CABG) surgery. Although postoperative AF is regarded as benign, transient and self-limited, it has been associated with increased morbidity, thromboembolic events and an increased duration and cost of hospitalization. Material and Method: From January 1994 to December 2007, 190 patients that had isolated CABG surgery were divided into two groups. Group 1 (n=139) involved those who had postoperative atrial fibrillation, and group 2 (n=51) did not have any such events. We reviewed the medical records retrospectively including the incidence of postoperative AF, patient characteristics, surgery related factors and the outcome of the patients with postoperative AF. Result: The frequency of postoperative AF was 26.8%, the conversion rate to regular sinus rhythm before discharge was 82.4%; 82.4% of the AF developed within the first three postoperative days. Although the postoperative AF group was significantly older and had a prolonged postoperative Intensive care unit (ICU) stay, there was no difference in the aortic crossclamp time or duration of hospitalization. No spontaneous defibrillation at declamping, and longer duration of cardiopulmonary bypass were significantly related to the development of postoperative AF. However, postoperative treatment with a beta blocker was associated with a decreased incidence of postoperative AF. The multivariate analysis showed that age and ICU stay were significantly associated with the development of POAF. Spontaneous defibrillation and postoperative beta blocker treatment were significantly associated with a decreased frequency of POAF. Conclusion: AF after CABG surgery is a common complication associated with increased morbidity and a longer ICU stay. Therefore, various strategies aimed at reducing AF, and its complications, such as postoperative treatment with a beta blocker should be considered.

Model on the Elastic Deflection of Temple of the Spectacle Frame (안경테 다리의 탄성변형에 관한 모델)

  • Kim, Dae-Soo
    • Journal of Korean Ophthalmic Optics Society
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    • v.12 no.1
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    • pp.41-51
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    • 2007
  • Differential equations and their solutions were formulated to describe the deflection of the tapered, nonuniform thickness and width's temple, clamped at one end while the perpendicular force is acting on the other end which is freely suspended. The model was derived based on laws of continuity at every point inside the elastic medium that the deflection, tangent slope, bending moment, shearing force must be continuous within the medium. The model is found to be in good agreement with measurements on the beta titanium temple with the correlation 0.992 and p=0.999(Chi test). Therefore it is possible to predict the effect of various temple parameters such as elastic modulus, thickness, width on the deflection of the temples being considered.

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Study on the Radiocarbon Dating with Liquid Scintillation Counting (액체섬광계수법을 이용한 방사성탄소 연대측정법 연구)

  • Kim, Nak Bae;Woo, Hyung Joo;Hong, Wan;Cho, Soo Young
    • Analytical Science and Technology
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    • v.5 no.4
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    • pp.381-387
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    • 1992
  • Optimum counting condition of a low level liquid scintillation counter for radiocarbon dating has been determined to minimize the contribution of tritium activity and get the highest FOM by the variation of scintillation solutions, scintillation solution to benzene ratio, and ${\beta}$-ray spectrum counting ranges. Under the condition, background count rate has been reduced to $2.26{\pm}0.03cpm$, and the maximum measurable age reached to about 40,000 years. And the practicality of counting system has been verified by the analysis of shell and peat samples.

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국내외 벼 수확후 관리 현황조사

  • 손종록;김재현;이정일;박정화
    • Proceedings of the Korean Society of Postharvest Science and Technology of Agricultural Products Conference
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    • 2003.04a
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    • pp.107-107
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    • 2003
  • 고품질 쌀 생산을 위하여 우리나라의 농가 및 미곡종합처리장의 벼 수확후 품질관리 현황 실태를 조사하여 일본, 미국, 중국 둥의 현황과 비교하였다. 중국의 경우 벼 수확은 대부분 인력에 의존하고 있으며, 일본은 산물형 콤바인 그리고 미국은 대형산물 콤바인에 의한 적기수확을 하고 있다. 우리나라의 경우에는 콤바인이 부족하고 벼 수확시기는 콤바인 운영자의 일정에 따라 결정되고 있으며 습논, 소면적 재배 논은 수확이 늦어져 적기 수확이 못되고 있는 실정이다. 한편 일본은 라이스센터, 컨트리엘레베타, 드라이스토아 등의 지원으로 적기 수확이 가능하고 건조기 건조율도 90%이상 2단계 상온 통풍체계로 수분함량 14.5~15.5%를 유지하고 있다. 우리나라를 제외한 일본, 중국, 미국의 저장시설은 대부분 대형저장 사이로에서 품종별, 산지별, 등급별로 구분한 저온저장 시스템을 갖추어 품질을 유지하고 있었다. 또한 도정시설도 고품질 도정시설을 완비하고 있으며 제현이나 정미과정에 색채선별기, 금속검출기, 활성화 장치 및 입형분리기 등을 통하여 불완전미가 제거하는 등 수확후 관리에 철저를 기하고 있다. 쌀의 등급화 및 유통과정를 보면 일본, 중국, 미국 등은 대부분이 품종, 산지 및 등급별로 브랜드화 하여 차별화 된 가격으로 판매되고 있으며 포장지에 쌀에 대한 정보를 최대한 표시하여 소비자가 선택하는데 도움이 되게 하여 유통되고 있다.

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