• Title/Summary/Keyword: 양 사이의 관계

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Moderating Effect of TCFD Disclosure on the Relationship between ESG Performance and Foreign Ownership (ESG 성과와 외국인지분율 간의 관계에 있어서 TCFD 정보 공시 여부의 조절효과)

  • JungBin Park;JongDae Kim
    • Journal of Korea Society of Industrial Information Systems
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    • v.28 no.6
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    • pp.173-187
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    • 2023
  • This study aims to determine whether ESG performance positively affects foreign ownership for listed firms that publish sustainability reports. Furthermore, we test whether the disclosure of environmental information in the sustainability report in accordance with the TCFD recommendations moderates the relationship between ESG performance and foreign ownership. The results of the empirical analysis are as follows. First, there is a positive correlation between ESG performance in a given year and foreign ownership in the following year, i.e., the higher a firm's ESG performance, the higher its foreign ownership. Second, the presence of environmental disclosure in accordance with the TCFD recommendations positively moderates the relationship between ESG performance and foreign ownership, i.e., environmental disclosure in accordance with the TCFD recommendations strengthens the positive relationship between ESG performance and foreign ownership. In conclusion, this study shows that foreign investors invest more in companies with better ESG performance, and the effect is stronger for companies that disclose environmental information in accordance with TCFD recommendations.

Long-Run Stock Price Performance of the Firms that Grant Stock Options and the Separation of Ownership and Management (소유경영기업과 전문경영기업의 스톡옵션 부여 후 장기성과 결정요인)

  • Jeong, Jae-Wook;Bae, Gil-S.
    • The Korean Journal of Financial Management
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    • v.24 no.1
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    • pp.149-182
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    • 2007
  • This study examines the determinants of the long-run stock price performance of the firms that granted stock options between 1997 and 2002. We divide the sample into the firms run by the owner and those run by the professional manager. If the primary reason for granting stock options is reduction of the agency costs between the manager and shareholders, the effect of stock options is likely to be more pronounced in the firms run by the professional manager. We find that the long-run abnormal returns of the firms run by the professional manager are negatively associated with the shareholdings by the manager and the book-to-market value and are positively associated with the earnings growth and the size of the outstanding stock options. In contrast, the long-run abnormal returns of the firms run by the owner are negatively associated with the cash flows rate and the sales growth rate and are positively associated with the firm size. This is consistent with the argument that the agency costs arising from the conflicts between the manager and shareholders are an important determinant of the post-stock option granting long-run stock price performance only in the firms run by the professional manager. The results also suggest that stock options in the firms run by the owner are likely to be used for the purposes such as additional compensation, a signaling device, a means that reduce the agency costs within firms.

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Correlation between Pediatric Balance Scale and Gait Parameter in Children with Spastic Diplegic Cerebral Palsy (경직성 양하지 뇌성마비 아동의 소아균형검사와 보행변수 간의 상관관계)

  • Ko, Myung-Sook;Park, So-Yeon;Lee, Nam-Gi
    • Journal of rehabilitation welfare engineering & assistive technology
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    • v.10 no.4
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    • pp.251-257
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    • 2016
  • The Pediatric Balance Scale (PBS) was balance measurement equipment for school-age children with mild to moderate motor impairments. The aims of this study are to examine the correlation between PBS and spatiotemporal gait parameter and to identify the walking function with cerebral palsy through balance scale. The PBS consists of 14 items such as sitting of standing, standing to sitting, transfers, standing unsupported, standing on one foot, turning 360 degrees, turing to look behind, etc., and the spatiotemporal parameters include walking speed, stride length, step length, step width, cadence, double-limb support. All subjects were independently ambulatory children with spastic diplegic cerebral palsy, and they were assessed on PBS and spatiotemporal gait parameters by an experienced pediatric physical therapist. Pearson's correlation coefficient was used to assess the correlation between PBS and spatiotemporal gait parameters, and the level of significance was set at ${\alpha}$ = 0.05. Total score of PBS(r=.49~.58), standing to sitting(r=.48~.60), turning to look behind(r=.47~.53), and pick up object(r=.52~.69) were positively correlated with walking speed, stride length, step length, and cadence. Most items of the PBS were negatively correlated with double-limb support(r=-.48~-.92). These findings suggest that the pediatric balance scale can be applied to estimate gait function level for children with spastic diplegic cerebral palsy.

Inferring Undiscovered Public Knowledge by Using Text Mining-driven Graph Model (텍스트 마이닝 기반의 그래프 모델을 이용한 미발견 공공 지식 추론)

  • Heo, Go Eun;Song, Min
    • Journal of the Korean Society for information Management
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    • v.31 no.1
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    • pp.231-250
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    • 2014
  • Due to the recent development of Information and Communication Technologies (ICT), the amount of research publications has increased exponentially. In response to this rapid growth, the demand of automated text processing methods has risen to deal with massive amount of text data. Biomedical text mining discovering hidden biological meanings and treatments from biomedical literatures becomes a pivotal methodology and it helps medical disciplines reduce the time and cost. Many researchers have conducted literature-based discovery studies to generate new hypotheses. However, existing approaches either require intensive manual process of during the procedures or a semi-automatic procedure to find and select biomedical entities. In addition, they had limitations of showing one dimension that is, the cause-and-effect relationship between two concepts. Thus;this study proposed a novel approach to discover various relationships among source and target concepts and their intermediate concepts by expanding intermediate concepts to multi-levels. This study provided distinct perspectives for literature-based discovery by not only discovering the meaningful relationship among concepts in biomedical literature through graph-based path interference but also being able to generate feasible new hypotheses.

Phase Relation in the System Pt-Sb-Bi at $600^{\circ}C$ and Their Mineralogical Implication ($600^{\circ}C$에서의 백금-안티모니-비스머스계 상평형 관계 및 광물학적 의의)

  • 김원사;이석훈
    • Journal of the Mineralogical Society of Korea
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    • v.13 no.1
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    • pp.44-52
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    • 2000
  • 천연에서 발견되는 geversite (PtSb2), stumpflite (PtSb), insizwaite (PtBi2), unnamed PtBi 등의 광물에 대한 안정영역과 원소치환에 따른 고용체 존재를 규명하기 위해 백금-안티모니-비스머스 등 3성분계에 대한 합성실험적 연구를 실시하였다. 이번 연구에서 설정된 $600^{\circ}C$ 온도의 실험결과에 의하면, 등축정계의 geversite와 insizwaite 사이에 완전고용체가 형성되며, Sb를 치환하는 Bi의 함량에 따라 단위포 상수는 6.4415(0 at.%), 6.4361(15 at.%), 6.5204(30 at.%), 6.5411(51 at.%), 6.6261(70 at%), 6.6540(85 at%), 6.728$\AA$(100 at.%)로 증가함을 알 수 있었다. 육방정계인 stumpflite와 unnamed PtBi 사이에도 완전고용체가 형성되며, Sb를 치환하는 Bi의 함량이 증가함에 따라 a 단위포 상수의 크기는 4.1388(0 at.%), 4.2118(20 at.%), 4.2118(40 at.%), 4.2485(80 at.%), 4.3242$\AA$(100 at.%)등 연속적으로 증가하지만, c 단위포 상수는 각각 5.4902, 5.4799, 5.508, 5.4817, 5.5045$\AA$등 불규칙하게 변함을 알 수 있었다. 0~33.33 at.% Pt 영역에서의 상평형 관계는 액체가 Pt(Sb,Bi)2 고용체와 공존하고 있고, Sb가 많이 함유된 액체에서는 geversite+원소광물 안티모니+백금이 거의 함유되지 않은 액체와 공생하는 3-phase assemblage를 형성한다. 자연계에서는 geversite와 insizwaite 및 stumpflite와 unnamed PtBi 사이의 화학조성을 가지는 광물이 발견되고 있는데, 이들은 각각 독립적인 광물종이 아니라 위 광물들의 고용체에 속하는 것임을 알 수 있었다. 이들 광물을 명명하고 해석하는데 매우 세심한 주의가 필요함을 알 수 있었다. 또한 단위포 상수를 측정을 통해 해당 고용체 광물의 Sb↔Bi 치환 양을 추정할 수 있다는 점과 광물 공생관계를 통해 생성온도를 추정할 수 있다는 사실을 알 수 있었다.

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IT SMEs' Product Planning Capability and Manufacturing Capability in the Context of Digital Convergence: The Mediating Impacts of the Product Exterior and Interior Design Capabilities (디지털 융합 환경에서 IT 중소기업의 제품기획능력과 제조능력: 제품외부 및 내부 디자인능력의 매개효과를 중심으로)

  • Hau, Yong Sauk
    • Journal of Digital Convergence
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    • v.13 no.12
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    • pp.55-62
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    • 2015
  • IT SMEs' product planning, product design, and manufacturing capabilities are of importance to creating their sustainable competitive advantages in the context of digital convergence. However, there have been few empirical studies investigating the relationships among them, which has made this research attempt to model the relationships and empirically test them. Especially, this study divided IT SMEs' product design capability into the product exterior and interior design capabilities and focused on the mediating effects of the product exterior and interior design capabilities between the product planning and manufacturing capabilities. By analyzing the 310 samples of Korean IT SMEs with the ordinary least squares regression analysis, this study has empirically revealed that IT SMEs' product exterior and interior design capability jointly and fully mediate the positive relationship between their product planning and manufacturing capabilities.

The Effects of the Safety Awareness and Safety Practice of the Day-Care Teacher according to the Presence of CCTV (CCTV 존재 여부가 보육교사의 안전의식과 안전실천에 미치는 영향)

  • Kwon, Mee-Rhan
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.13 no.2
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    • pp.822-826
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    • 2012
  • This study practically analyzed the relationships of safety awareness and safety practice of the day-care teacher according to the presence of CCTV and in particular, made a practical analysis about whether safety awareness have mediation effects in the relationship between presence of CCTV and safety practice. As a result of T-test analysis, safety awareness and safety practice of the day-care teacher according to the presence of CCTV is different that has been verified. As a result of regression analysis, safety awareness were positively related to safety practice. That is to say, even the mediation effects that the presence of CCTV through safety awareness related to safety practice were verified. As a result, it was concluded that safety awareness factors didn't play mediator roles between presence of CCTV and safety practice.

Document Ranking Method us ing Extended Fuzzy Concept Networks in Information Retrieval (정보 검색에서 확장 퍼지 개념 네트워크를 이용한 문서 순위 결정 방법)

  • 손현숙;정환묵
    • Proceedings of the Korean Institute of Intelligent Systems Conference
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    • 2000.05a
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    • pp.77-80
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    • 2000
  • 정보 검색은 사용자가 원하는 요구에 가장 적합한 정보를 검색할 수 있도록 되어야 한다. 질의어가 문서에 대하여 어느 정도의 유사성을 가지고 존재하느냐를 기준으로 문서를 순서화 한다. 실제 순서화된 문서들을 보면 질의어와는 다른 문서들이 순서화 되는 경우를 볼 수 있다 본 논문에서는 순서화 되는 문서들 중에서 그 문서들이 질의어와 어느 정도 가까운지를 확장 퍼지 개념 네트워크에 근거한 문서 검색을 위한 퍼지 순위 처리를 위한 방법을 제시한다 확장 퍼지 개념 네트워크에는 개념들 사이에 4가지의 퍼지 관계를 사용한다. 퍼지 양의 관계, 퍼지 음의 관계, 퍼지 일반화, 및 퍼지 세분화 등이 있다. 확장 퍼지 개념 네트워크는 관계 행렬과 관련 행렬로 모델화 한다.

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Massive Graph Expression and Shortest Path Search in Interpersonal Relationship Network (인물관계망의 대용량 그래프 표현과 최단 경로 탐색)

  • Min, Kyoung-Ju;Jin, Byeong-Chan;Jung, Man-Ho
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.26 no.4
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    • pp.624-632
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    • 2022
  • Relationship networks such as an interpersonal relationship network or navigation route search can be expressed in graph form. However, as the amount of data increase, there is a problem that it is difficult to search for the desired data when it is displayed on one screen. In this paper, we propose a visualization method for searching for people, searching for the shortest path between people, and using graphs to express an interpersonal relationship network with many nodes. Unlike the search for the shortest path in the routing table, the shortest path in the interpersonal relationship network should be changeable according to the intension or importance of the researcher or user who is analyzing it. To this end, the BFS algorithm was modified to apply the characteristics of the interpersonal relationship network. For the verification of the results, the data in the character relationship information of the Korean Classics DB in the Korean Classics Translation Institute was used.

The impact of market fear, uncertainty, stock market, and maritime freight index on the risk-return relationship in the crude oil market (시장 공포, 불확실성, 주식시장, 해상운임지수가 원유시장의 위험-수익 관계에 미치는 영향)

  • Choi, Ki-Hong
    • Journal of Korea Port Economic Association
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    • v.38 no.4
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    • pp.107-118
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    • 2022
  • In this study, daily data from January 2002 to June 2022 were used to investigate the relationship between risk-return relationship and market fear, uncertainty, stock market, and maritime freight index for the crude oil market. For this study, the time varying EGARCH-M model was applied to the risk-return relationship, and the wavelet consistency model was used to analyze the relationship between market fear, uncertainty, stock market, and maritime freight index. The analysis results of this study are as follows. First, according to the results of the time-varying risk-return relationship, the crude oil market was found to be related to high returns and high risks. Second, the results of correlation and Granger causality test, it was found that there was a weak correlation between the risk-return relationship and VIX, EPU, S&P500, and BDI. In addition, it was found that there was no two-way causal relationship in the risk-return relationship with EPU and S&P500, but VIX and BDI were found to affect the risk-return relationship. Third, looking at the results of wavelet coherence, it was found that the degree of the risk-return relationship and the relationship between VIX, EPU, S&P500, and BDI was time-varying. In particular, it was found that the relationship between each other was high before and after the crisis period (financial crisis, COVID-19). And it was found to be highly associated with organs. In addition, the risk-return relationship was found to have a positive relationship with VIX and EPU, and a negative relationship with S&P500 and BDI. Therefore, market participants should be well aware of economic environmental changes when making decisions.