• Title/Summary/Keyword: 상대적 비대칭성

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Study on implementation for asymmetric regulation in the telecommunication (유무선 비대칭 규제 개선방안 연구)

  • 송연경
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2003.10a
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    • pp.724-727
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    • 2003
  • 유무선 대체 및 통합시대를 맞아 유무선간 균형있는 발전을 위해 유럽 둥 주요국가에서는 이동전화 시장에 MVNO, 이동전화 번호이동성, 재판매 제도 등을 도입하여 실행하고 있다. 이처럼 유무선간 비대칭 규제를 해소하기 위해서 상대적으로 규제가 약한 이동전화 시장에 유선에 적용되는 규제를 적용하는 것이 유무선간 대칭규제를 위한 방안이 될 수 있다. 따라서 본 고에서는 이러한 입장에서 이동전화 시장을 활성화시키기 위한 정책들을 살펴보고 이를 이미 실행하고 있는 외국의 사례를 통해 이들 정책의 도입효과 등을 살펴보고자 한다.

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Asymmetric CCC Modelling in Multivariate-GARCH with Illustrations of Multivariate Financial Data (금융시계열 분석을 위한 다변량-GARCH 모형에서 비대칭-CCC의 도입 및 응용)

  • Park, R.H.;Choi, M.S.;Hwan, S.Y.
    • The Korean Journal of Applied Statistics
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    • v.24 no.5
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    • pp.821-831
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    • 2011
  • It has been relatively incomplete in the field of financial time series to adapt asymmetric features to multivar ate GARCH processes (McAleer et al., 2009). Retaining constant conditional correlation(CCC) structure, this article pursues to introduce asymmetric GARCH modelling in analysing multivariate volatilities in time series in a practical point of view. Multivariate Korean financial time series are analyzed in detail to compar our theory with conventional methodologies including GARCH and EGARCH.

Load-transfer mechanism in the ground with discontinuity planes during tunnel excavation (불연속면이 존재하는 지반에서 터널굴착에 의한 하중전이)

  • Lee, Sang-Duk;Byun, Gwang-Wook;Yoo, Kun-Sun
    • Journal of Korean Tunnelling and Underground Space Association
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    • v.4 no.1
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    • pp.71-78
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    • 2002
  • In this study, the influence of the presence of discontinuity planes on the load transfer mechanism and the pattern of loosening zone was studied based on the laboratory test. The trap-door and the reaction plates are installed as the bottom plane of the model box. The vertical discontinuity plane is installed in the dry sand. Various overburden heights and locations of discontinuity planes are applied as major factors in this study. The results show that at higher overburden heights over about 1.5 times the excavation width, the ratio of the transferred stress to the insitu stress converges to a certain value even if the overburden height increases further. The results also show that the discontinuity plane gives relatively larger influence on the load transfer mechanism, that produces the unsymmetrical load concentration, when the discontinuity plane locates within the tunnel width. When the discontinuity plane locates outside the tunnel width, the unsymmetrical load concentration is reduced considerably.

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The Impact of Corporate's Name Change on Cost of Capital (상호변경이 내재자본비용에 미치는 영향)

  • Yu, Soon-Mi
    • Management & Information Systems Review
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    • v.33 no.4
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    • pp.21-38
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    • 2014
  • This study investigates whether and how a firm's cost of equity is influenced by the extent of a firms's name change. Even though corporate name change doesn't give any benefit to investors, it can be a signaling about firm's future valuation. And also, if that signaling has high credibility, it can be decrease information cost and the firm's cost of equity. on the contrary to this, if corporate name change is kind of break with the past and corporate image laundering, it is bad signaling to investors. So it can be increase information risk and the firm's cost of equity. Using yearly cross-sectional regressions of the cost of equity on our proxies for corporate name change, size, beta, market-to-book ratio and other innate risk factor over the 2005-2010, we find that the cost of capital is positively associated with corporate name change after controlling for all other factors. This result implies that corporate name change increase information risk of the business, and thus increase information asymmetries between managers and outside investors with respect to a firm's true future value. This increases information risk, and creates an adverse selection problem, on the part of outside investors. Rational investors therefore demand a premium for bearing this corporate name change-related information risk, which in turn leads us to observe a positive relation between the intensity of corporate name change and the cost of equity.

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Retirement Behaviors of Two Wage Earners Households (맞벌이가구의 은퇴행태에 대한 실증분석)

  • Choi, Seung-Hyun
    • Journal of Labour Economics
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    • v.29 no.1
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    • pp.129-152
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    • 2006
  • The purpose in this study is to analyze the effect of expected public pension assets (or social security wealth) and retirement incentives on retirement behaviors of two wage earners households. For the purpose of the study, an empirical analysis was conducted. In the empirical step, it was found that the empirical results were significant for men, but not for women namely, statistically asymmetric if behaviors of two couples are interdependent. The cause for the statistically asymmetric results were then determined. The Bivariate Probit model was used for estimation in the first step and the KLIPS(Korean Labor and Income Panel Study) was used as data for estimation. According to the empirical analysis, the results showed statistically significant asymmetry for men, however not for women, in expected public pension assets and other retirement incentives, non-wage assets, age difference, spouse's health status, spouse's monthly wages per hour and aging of their spouse In this study, cause of statistically asymmetric result in asymmetric complementarities of leisure of couples were found, then explained through different methods of comparison from the most recent studies. First, spouse's cross wage elasticity of self leisure demand(retirement) was calculated and determined whether complementarities of leisure of couples is positive or negative. Then, the degree of complementarities of leisure was distinguished in comparison with the relative size of two cross elasticities. Thus, men have relatively strong complementarities of leisure. But for women, it may roughly cancel out due to the substitution effect and the income effect. Therefore, women have relatively weak complementarities of leisure.

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A Study on Information Asymmetry and the Agency Problem of Large-scale Enterprise Group Affiliated Companies - Focusing on the research and development investment and the corporate value relationship - (대규모기업집단 소속 기업의 대리인 문제와 정보비대칭성 - 연구개발투자와 기업가치의 관계를 중심으로 -)

  • Lee, Kewdae;Kim, Chi-Soo
    • International Area Studies Review
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    • v.21 no.1
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    • pp.25-57
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    • 2017
  • In this study, we analyzed the information asymmetry and the agency problem in major affiliated companies on the basis of the R&D investment. As a result of comparing how the R&D investment effects on major affiliated companies and the independent companies, even the achievement of R&D investment effects in a positive way to the firm value, the positive effect appears much lower on major affiliated companies comparing independent companies. In order to analyze the case, we investigated in a separate way according to the shareholding ratio and the affiliated market using the sample of the independent company and the group affiliated company. As a result of such analysis, the cause of this comes from the agency problem in major affiliated company, not the asymmetry information of affiliated company. After we analyzed the sample of the research depending on the affiliation market, we could observe there is a little impact of the asymmetry information in the outcome of the R&D investment of the major affiliated companies. In contrast, the companies which rated lower in the ratio of the shareholding appears much less in the positive effect of R&D investment compared to the companies which rated at a higher level. This phenomenon was also consistently observed when changing the research method or further subdividing the sample of companies belonging to the group based on the ownership share of major shareholders.

A Study on the Stability of Asymmetrical Twin Tunnels in Alternating Rock Layers Using Scaled Model Tests (호층암반내 비대칭 쌍굴터널의 안정성에 관한 모형실험 연구)

  • Kim, Jong-Woo
    • Tunnel and Underground Space
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    • v.22 no.1
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    • pp.22-31
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    • 2012
  • In this study, scaled model tests were performed to investigate the stability of an asymmetrical twin tunnels constructed in rock mass comprising alternating layers of sandstone and shale. Each of tunnels had a differently shaped section, where the one was already constructed tunnel including lining structure but the other was planned to be under construction. Four types of test models which had respectively different pillar widths and loading conditions were experimented, where both crack initiating pressures and deformation behaviors around tunnels were investigated. The cracks of pillar mainly began to appear at the interfaces of alternating layers, following additional shear displacement between layers was confirmed as one of the most important factors of pillar failure in case of the model of pillar width 0.5D. The models with shallower pillar widths proved to be unstable because of lower crack initiating pressures and more tunnel convergences than the models with thicker pillar widths. The failure and deformation behaviors of tunnels were also dependent on the loading conditions, where the model of coefficient of lateral pressure 1.0 was more stable than the other model. Futhermore, the results of FLAC analysis were qualitatively coincident with the experimental results.

Application of Numerical Model for the Effective Design of Large Scale Fire Calorimeter (화재발열량계의 효율적 설계를 위한 수치해석 모델의 적용)

  • Kim, Sung-Chan
    • Fire Science and Engineering
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    • v.24 no.6
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    • pp.28-33
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    • 2010
  • The present study develops a numerical model based on the computational fluid dynamics technique to analyse the thermal flow characteristics of large scale fire calorimeter and examine the characteristics of primary parameters affecting on the uncertainty of heat release rate measurement. ANSYS CFX version 12.1 which is a commercial CFD package is used to solve the governing equations of the thermal flow field and the eddy dissipation combustion model and P-1 radiation model are applied to simulate the fire driven flow. The numerical results shows that the horizontal duct system with $90^{\circ}$ bend duct was shown relatively high deviated asymmetric flow profiles at the sampling location and the deviation of the velocity field was higher than that of the temperature and species quantities. The present study shows that the computational model can be applicable to optimize the design process and operating condition of the large scale fire calorimeter based on the understanding of the detail flow field.

A Study on the Space Analysis of Residential House Plans in Rural New-Town Development Area Using the Space Syntax (공간구문론을 이용한 농어촌 뉴타운 시범사업 지구내의 주택 평면 공간 분석)

  • Hwang, Yong-Woon
    • Korean Institute of Interior Design Journal
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    • v.22 no.5
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    • pp.241-249
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    • 2013
  • The remarkable growth of city population and rate of urbanization are increasing every year rapidly in Korea. On the other hand young people are decreasing and old people are increasing in rural areas. So in 2009, the five Rural New-Town Development Areas were selected by the Ministry for Food, Agriculture Forestry and Fisheries. To provide data necessary for housing types and floor planning and development suitable for rural new-town development to be implemented constantly in rural areas all over the country later, this study used a space syntax program to analyze housing types and space structures within houses in five new-town development areas. After analyzing 33 floor plans for the five areas, there were few houses with separation of communal (integration space) and personal living spaces (segregation space). In particular, 82% had personal living spaces requiring protection of privacy, such as bedrooms and the toilet, classified into communal living spaces. Residential houses for rural new-town development targeting the young population valuing personal life and privacy, which failed to reflect city people's life properly, were expected to decrease residential satisfaction after occupancy.

Wake Structure of Tip Vortex Generated by a Model Rotor Blade of NACA0015 Airfoil Section (NACA0015익형을 가지는 로터 깃 끝와류의 후류유동구조)

  • Sohn, Yong-Joon;Kim, Jeong-Hyun;Han, Yong-Oun
    • Journal of the Korean Society for Aeronautical & Space Sciences
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    • v.39 no.3
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    • pp.210-217
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    • 2011
  • Evolution of tip vortex generated by a model rotor blade which has a symmetric blade section has been investigated by use of the laser doppler anemometry. Swirl and axial velocity components of tip vortex were measured by the phase averaging technique within one revolution of a rotor blade. It was found that tip vortex becomes matured until 27 degrees and diffuses afterwards with diffusing rate becoming slower compared to the case of the asymmetric blade section, but the tip loss was expected to become more substantial. Swirl velocity components were well fit to n=2 model of Vatistas within measured wake ages, showing the self-similarity exists for the swirl velocity components. The axial components were followed with Gaussian profiles, but had much higher peak values than those of the symmetric blade section.