• The Korean Journal of Financial Management
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• v.16 no.2
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• pp.27-51
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• 1999

본 연구는 사업구조조정을 위하여 기업이 자발적으로 자산을 매각할 때, 부채변제 목적으로 자산을 매각하는 경우를 제외한 재투자 목적으로 자산을 매각한 경우에 없어 자산매각에 따른 주가변동인 공시효과를 살펴보고 또한 이런 공시효과가 매각기업의 매각직전 경영성과인 Tobin's Q에 따라 달리 나타날 수 있으므로 이에 따른 공시효과의 차이를 비교해 본다. 그 다음에, 기업이 자산매각을 통하여 확보한 유동성을 새로 재투자할 기회를 갖는 자산매각의 경우에 있어, 이런 기회가 사업을 집중화할 목적인지 혹은 아닌지에 따라 장기간의 경영성과인 Tobin's Q와 어떤 영향관계를 갖는 지와, 또 매각자산의 상대적 매각규모가 장기간의 경영성과와 어떤 영향관계를 갖는 지를 분석한다. 분석결과, 자산매각에 대한 중시효과는 통계적으로 유의한 정의 비정상수익률을 실현하였으며, 자산매각직전의 경영성과를 나타내는 Tobin's Q값의 우열에 따리 분류한 4사분위별 집단의 비정상수익률은 Tobin's Q값이 낮거나 높은 기업일수록 정의 비정상수익률을 크게 실현하였다. 그리고 사업을 집중화할 목적으로 자산매각을 실시한 경우와 그렇지 않은 경우에 없어서 경영성과는 두 집단간에 유의적인 차이를 나타냈으나, 매각이후 각 연도기말의 Tobin's Q값들 사이에 대한 전년도와의 차이는 통계적인 유의성을 찾을 수가 없었다. 그렇지만 기업의 경영성과인 Tobin's Q는 집중화 집단이 비집중화 집단보다 크게 나타났었다. 또한 자산매각 이후에 없어, Tobin's Q와 집중화등기 및 상대적 매각규모는 유의적인 정의 관계를 나타냈다.었다.가 높은 한국, 영국, 독일에서는 환율이 주가에 비해 선행하여 변동한다고 볼 수 있다.하는 것이 필요할 것이다. 초과가치가 크게 나타나는 것으로 분석되어, 다각화 기업이 더 많은 부채부담능력을 가질 수 있고, 부채의 세금절감효과에 의해 기업가치를 증가시킬 수 있음을 알 수 있었다.있는 과정이므로 장기기대 주가의 미지성이 평균회귀 과정의 기각을 유도하게 된다. 우리나라의 투자자들은 무위험자산과 위험을 동시에 고려하여 투자활동을 전개하고 있음이 발견되었다. 선형의 효용함수를 갖는 위험중립적 태도의 투자자가 아니다. 위험기피형 효용함수 아래에서 투자활동을 수행하고 있는 합리적 투자자들이라 할 수 있다. 뿐 만 아니라 자신의 평생에 걸친 소비를 소비가 이루어지는 각 기마다 가급적 일정하게 하는 소비행동을 목표로 삼고 소비와 투자에 대한 의사결정을 내리고 있음이 실증분석을 통하여 밝혀졌다. 투자자들은 무위험 자산과 위험성 자산을 동시에 고려하여 포트폴리오를 구성하는 투자활동을 행동에 옮기고 있다.서, Loser포트폴리오를 매수보유하는 반전거래전략이 Winner포트폴리오를 매수보유하는 계속거래전략보다 적합한 전략임을 알 수 있었다. 다섯째, Loser포트폴리오와 Winner포트폴리오를 각각 투자대상종목으로써 매수보유한 반전거래전략과 계속거래 전략에 대한 유용성을 비교검증한 Loser포트폴리오와 Winner포트폴리오 각각의 1개월 평균초과수익률에 의하면, 반전거래전략의 Loser포트폴리오가 계속거래전략의 Winner포트폴리오보다 약 5배정도의 높은 1개월 평균초과수익률을 실현하였고, 반전거래전략의 유용성을

• KSCE Journal of Civil and Environmental Engineering Research
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• v.40 no.3
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• pp.295-302
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• 2020

Disaster Preventing Zone (DPZ) is one of the zoning for land use regulation. Though the purpose of the designating of DPZs is to improve the area be safer, people has the negative recognition on DPZs. They think DPZs are regulation to restrict the actions and finally causes decrease on the land price. In this context, the aim of this study is to investigate the correlation between the designation of the DPZs and the land price of the DPZs in Seoul Metropolitan City. We applied the Difference in different (DID) which is one of the research methods to verify the cause and effect of specific policy. As a result, it was found statistically significant that land price of parcels designated as DPZs was 420,000 won higher than those not designated. The same results were obtained when the land characteristics were added, and the robustness of the model was indirectly confirmed. Based on the results, the designating of the DPZs was contrary to the expectation. Although it is necessary to analyze the result of the study more microscopically, It will be necessary to change the perception that it will decline.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.11 no.2
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• pp.420-425
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• 2010

In the process of warm forging, billet is heated up to $800^{\circ}C$ and located in the upper part of die block impression. The scattered oxidized scale may cause workers burn and shortening of die life sticking to the die block impression. The separating materials sprayed in die block cause harmful dust, harmful mist, fume, and bad odor which contaminate workshop environment. The process is classified as one of the avoided jobs and make the planned output achievement difficult. Development of an elimination device to clear out the contaminating materials in the workshop and improvement of the unsatisfactory maintenance method to fix the abrasion of die block impression which delays the dead line, cost increases needs to be developed. In this research, I tried to solve the problems caused in warm forging of bronze pipe joint such as the billet heating process, die maintenance, and manufacturing cost through improvement of warming forging manufacturing method and die maintenance method and eliminating harmful gas which will make the workshop more environment friendly.

• Proceedings of the KIEE Conference
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• 2015.07a
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• pp.1409-1410
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• 2015

현대기술의 발달로 인해 인간의 삶 중 많은 부분을 기계가 차지하고 있다. 특히 로봇공학 분야는 위험하거나 혹은 매우 정밀함을 요하는 일, 단순반복 등 인간이 기피하거나 하기 어려운 일을 대신 해줌으로서 많은 관심을 받고 있다. 이에 우리는 우리 생활에 가장 깊숙히 들어와 있는 로봇팔분야에 대해 말하고자 한다. 현재 로봇팔은 산업용은 물론, 의료용, 재해용 등 다양한 분야에서 사용되고 있다. 하지만 매우 정밀하고 정확한 작업을 위해 만들어져 있음에도 불구하고, 약간의 충격에도 이상이 생긴다거나, 기기의 이음세 부분의 잦은 회전으로 마모가 발생하게 되고 그에 따라 미세한 오차가 발생한다. 그런 상황을 방지하고자, 우리는 PSD(Position Sensitive Detecter)센서를 이용해 실시간으로 굽힘각을 측정 및 감시하여 보다 정확한 구동을 유도하려 한다. 이는 단순한 로봇팔만이 아닌 휴머노이드나 다른 회전을 이용하는 기기라면 어디든 쉽게 적용 할 수 있을 것이다.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.35 no.5
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• pp.1097-1102
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• 2015

Negligent accidents in urban railway station not only give damages to users but also cause avoidance of public transport usage. This study aims to identify design factors in designing urban railway station for reducing and preventing negligent accidents in the station. Especially this study identifies design factors from the perspectives of universal design concept which is for all persons. This study classified negligent accidents in urban railway stations, analysed degree of danger and identified the causes of accidents. Then this study identified universal design factors based on the results of analysis on the priority of accident factors relating to negligent accidents. The results of this study can be utilized as basic data in designing urban railway station for reducing and preventing negligent accident in urban railway station.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.6
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• pp.1937-1944
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• 2014

In recent years, common ducts have been installed and operated in the sidewalls of tunnels to prepare for emergencies in tunnel construction and maintenance. The installation of common ducts is done mainly by humans. Problems with cost increases are inherent in tunnel construction by humans due to the safety risks and the economic inefficiency of humans performing construction activities. Among the problems that arise are poor illumination due to the use of temporarily installed electricity, the risk of accidents due to the confined workspaces, and workers avoiding work tasks because of the poor environment in tunnel. Ideas for solving these problems were developed using a value engineering (VE) process, and mechanized construction was identified as a promising solution. To verify the effectiveness of mechanized construction of a common duct in tunnels, experimental construction work was carried out, and mechanized construction was proven to directly improve the constructability and economic efficiency of common duct construction. In addition, reducing human involvement in common duct construction in tunnels is expected to improve safety, and because of the continuous concrete placement technique used, the finish and appearance of the ductwork are improved.

• The Journal of the Convergence on Culture Technology
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• v.10 no.1
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• pp.477-482
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• 2024

Since the Act on Punishment of Serious Accident has been implemented, the role of construction companies in safety and health and the responsibility of CEO are strengthened. However, serious accidents still occur. Due to population decline and young people's reluctance into the construction industry, the ratio of elderly workers and foreign workers is increasing at construction sites. In this study, a survey was conducted to identify differences in the perception of importance of smart safety technology among vulnerable groups such as foreign workers, elderly workers, and workers with health conditions. Vulnerable workers recognize the importance of smart technology in the fields of foreign language support, risk warning, and body wear monitoring, and the conclusion was drawn that smart technology should be expanded for vulnerable groups in the future.

• Journal of Korea Port Economic Association
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• v.23 no.1
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• pp.1-18
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• 2007

The purpose of this study is to examine the effect of exchange rate volatility on Trading Volume of Container of Korea, and to induce policy implication in the contex of GARCH and regression model. In order to test whether time series data is stationary and the model is fitness or not, we put in operation unit root test, cointegration test. And we apply impulse response functions and variance decomposition to the structural model to estimate dynamic short run behavior of variables. The major empirical results of the study show that the increase in exchange rate volatility exerts a significant negative effect on Trading Volume of Container in long run. The results Granger causality based on an error correction model indicate that uni-directional causality between trading volume of container and exchange rate volatility is detected. This study applies impulse response function and variance decompositions to get additional information regarding the Trading Volume of Container to shocks in exchange rate volatility. The results indicate that the impact of exchange rate volatility on Trading Volume of Container is negative and converges on a stable negative equilibrium in short-run. Th exchange rate volatility have a large impact on variance of Trading Volume of Container, the effect of exchange rate volatility is small in very short run but become larger with time. We can infer policy suggestion as follows; we must make a stable policy of exchange rate to get more Trading Volume of Container

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.3D
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• pp.295-302
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• 2010

Since the late 1990s, the BOT mode in China has been extensively used in the water sector in order to attract private investment, improve technical and operational efficiency, and expand the coverage of water services. The BOT mode has been hailed as this provides a win-win structure between the government and private players through formalized procedures and an optimal risk allocation. However, recent market analyses show that some foreign investors are reluctant to participate in the market or even retreat due to uncertainties and risks in the market. This study aims to explore various risks in the Chinese water BOT market based on the thorough literature review, fieldwork, and the case studies on the two wholly foreign-owned BOT water projects: the Chengdu No. 6 and the Shanghai Dachang Water Supply BOT projects. The research results indicate that the Chinese BOT market embraces high risks in political, institutional and legal, and financial systems. The key to a successful takeoff of the BOT mode in the Chinese water market depends on the extent to which the government will be able to remove risky factors in political, institutional and legal, and financing systems. This research outcome will provide a useful reference to the Korean construction companies which consider expanding business to overseas water markets in the form of public private partnership.

• Journal of Animal Environmental Science
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• v.9 no.2
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• pp.123-130
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• 2003

In this study, current status of domestic deer farms and its feeding were surveyed. The information of supply and demand of feed f3r deers including its industry were also examined and then analyzed to make fundamental data for deer farms and government policy. The results are as follows. 1. Over 40 years old farmers were about 63％ of total deer farms while 20­30 years olds were less than 1％ indicating that young people still evade agriculture. Moreover, considering education, over 52％ of the farmers have bachelor degree showing much higher rates compared to the other agricultural fields. The reason can be assumed that the labor burden is not serious in deer farming while it is not dirty job compared to the other livestock management. Those high­educated people can be easily trained as experts of deer farming to improve its international competition. 2. Most of investigated farms raise Korean spotted deers and Elk showing that the percentage of Elk has greatly increased(However, many farmers have complained about purchasing methods and they insisted that the sales organization should be controlled by government). 3. 57％ of total cost of production is for feed while most of feeds are imported from abroad. It indicated that it is urgent to make counterplan for saving feed cost. 4. It is necessary to develop feeds for deers in the near future while most of the examined farmers currently use normal assorted feed. Typical roughage sources feeds are rice straw, alfalfa hay, browses feed, and so on. Most of them are currently imported except the rice straw indicating urgently needed to develop domestic bulky feed. 5. The present questions are development of processed goods of velvet antler, establishment of reasonable management system, difficulty of velvet antler selling, feed supply, and so on. It is necessary for government and academic world to develop reasonable policy and scientific research program.