• Management & Information Systems Review
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• v.31 no.4
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• pp.593-609
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• 2012

This study is designed to investigate whether the information spillover effect is existed between the foreign investors' unexpected volatility of net purchasing intensity and the volatilities of returns in terms of daily closing stock return, overnight return, and daytime return, before and after financial crisis in Korea. The result of this study shows that there is negative information spillover effect between the foreign investors' unexpected volatility of net purchasing intensity and the volatility of daily closing stock return for time t-1. However, there is an opposite result for time t, showing positive information transmission effect. For the overnight return, the test result provides there is no statistical significance between the foreign investor's unexpected volatility of net purchasing intensity and the volatilities of return. In addition, I found that the information transmission effect is existed between the foreign investor's unexpected volatility of net purchasing intensity and the volatilities of the daytime return for the entire timeline.

• Journal of Korea Water Resources Association
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• v.38 no.7 s.156
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• pp.517-526
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• 2005

In Korea, the methods of estimating groundwater recharge can categorized into two groups. One is baseflow separation method by means of groundurater recession curve, the other is water level fluctuation method by using the data from groundwater monitoring wells. Baseflow separation method is based on annual recharge and lumped concept, and water-table fluctuation method is largely dependent on monitoring wells rather than water budget in watershed. However, groundwater recharge rate shows the spatial-temporal variability due to climatic condition, land use and hydrogeological heterogeneity, these methods have various limits to deal with these characteristics. For this purpose, the method of estimating daily recharge rate with spatial variability based on distributed rainfall-runoff model is suggested in this study. Instead of representative recharge rate of large watershed, the subdivided recharge rate with heterogeneous characteristics can be computed in daily base. The estimated daily recharge rate is an advanced quantity reflecting the heterogeneity of hydrogeology, climatic condition, land use as well as physical behaviour of water in soil layers. Therefore, the newly suggested method could be expected to enhance existing methods.