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The Impact of Information on Stock Message Boards on Stock Trading Behaviors of Individual Investors based on Order Imbalance Analysis (온라인 주식게시판 정보가 주식투자자의 거래행태에 미치는 영향)

  • Kim, Hyun Mo;Park, Jae Hong
    • Information Systems Review
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    • v.18 no.2
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    • pp.23-38
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    • 2016
  • Previous studies on information systems (IS) and finance suggest that information on stock message boards influence the investment decisions of individual investors. However, how information on online stock message boards influences an individual investor's buy or sell decisions is unclear. To address this research question, we investigate the relationship between a number of posts on stock message boards and order imbalance in stock markets. Order imbalance is defined as the difference between the daily sum of buy-side shares traded and the daily sum of sell-side shares traded. Therefore, order imbalance can suggest the direction of trades and the strength of the direction with trading volumes. In this regard, this study examines how the number of posts (information on stock message boards) influences order imbalance (stock trading behavior). We collected about 46,077 messages of 40 companies on the Korea Composite Stock Price Index from Paxnet, the most popular Korean online stock message board. The messages we collected were divided based on in-trading and after-trading hours to examine the relationship between the numbers of posts and trading volumes. We also collected order imbalance data on individual investors. We then integrated the balanced panel data sets and analyzed them through vector regression. We found that the number of posts on online stock message boards is positively related to prior order imbalance. We believe that our findings contribute to knowledge in IS and finance. Furthermore, this study suggests that investors should carefully monitor information on stock message boards to understand stock market sentiments.

A Study on integrated to communication and broadcasting cable telecommunication Structure for Digital Conversion (통방통합 유선전송망의 디지털 전환을 위한 전송망근조에 관한 연구)

  • Sung yong-seok;Jin Yong-Ok
    • Proceedings of the Korean Society of Broadcast Engineers Conference
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    • 2004.11a
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    • pp.31-35
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    • 2004
  • 정보통신 기술의 발달과 디지털 방송의 시작, 뉴미디어의 출현으로 인한 통신과 방송의 융합은 가속화되고 있다. 또한 2010년까지 광대역통신망 BcN과 홈네트워크 구축을 위한 정부정책이 실행 중에 있다. 100Mbps의 전송속도를 구현해야 하는 광대역 통신망(BcN)을 위해 기존 인터넷 백본 1)망은 잘 구축이 되어 있으나 가입자까지의 망 구조에 많은 문제점을 앉고 있다. 기존 전화국을 이용한 XDSL과 지역 SO를 활용한 Cable Modem의 경우 병목현상과 이론상 속도 또한 BcN과 통방통합이 요구하는 50-100Mhz의 전송속도를 만족하지 못한다. 새로운 망 구조를 구축하기 위해 많은 비용과 시간의 소요가 예상된다 가입자 망 구축에 따른 많은 방법과 이론이 제시되고 있다. 똔 논문에선 지역 SO를 활용하여 가입자까지 망을 통방통합과 BcN에 적합한 가입자 망을 새롭게 구성하는 것을 목표로 한다. 먼저 지역 50의 망을 활용하기 위해선 기존 KT와 파워콤의 COF(Glass Optical Fiber)망과 지역 케이블 SO의 HFC 망을 이용하기에는 동축케이블 망의 물리적 특성에 따른 한계로 통방통합과 BcN에 부적합하다. Tree And Branch 구조의 HFC망 대신 $SMF^{2)}$의 기존 SO의 자가망을 새롭게 설계하고 광분배망 기술인 $E-PON^{3)}$방식을 접목시켜 최대한 동축망을 사용하지 않고 굴곡 특성에 약한 $FOG^{4)}$의 특성을 극복하기 위해 $POF^{5)}$망을 이용하여 댁내 홈게이트웨이까지 연결하는 방식으로 지역 SO를 거점으로 활용하여 댁내까지 FHHT와 홈 네트워크까지의 가입자 망을 새롭게 구성하고자 한다. 저장의 효율성을 위해 이진 포멧인 IPMP화된 MP4 파일을 생성할 수 있다.으로써, 에러 이미지가 가지고 있는 엔트로피에 좀 근접하게 코딩을 할 수 있게 되었다. 이 방법은 실제로 Arithmetic Coder를 이용하는 다른 압축 방법에 그리고 적용할 수 있다. 실험 결과 압축효율은 JPEG-LS보다 약 $5\%$의 압축 성능 개선이 있었으며, CALIC과는 대등한 압축률을 보이며, 부호화/복호화 속도는 CALIC보다 우수한 것으로 나타났다.우 $23.87\%$($18.00\~30.91\%$), 갑폭 $23.99\%$($17.82\~30.48\%$), 체중 $91.51\%$($58.86\~129.14\%$)이였으며 성장율은 사육 온도구간별 차는 없었다.20 km 까지의 지점들(지점 2에서 지점 6)에서 매우 높은 값을 보이며 이는 조석작용으로 해수와 담수가 강제혼합되면서 표층퇴적물이 재부유하기 때문이라고 판단된다. 영양염류는 월별로 다소의 차이는 있으나, 대체적으로 지점 1과 2에서 가장 낮고, 상류로 갈수록 점차 증가하며 지점 7 상류역이 하류역에 비해 높은 농도이다. 월별로는 7월에 규산염, 용존무기태질소 및 암모니아의 농도가 가장 높은 반면에 용존산소포화도는 가장 낮다. 그러나 지점 14 상류역에서는 5월에 측정한 용존무기태질소, 암모니아, 인산염 및 COD 값이 7월보다 다소 높거나 비슷하다. 한편 영양염류와 COD값은 대체적으로 8월에 가장 낮으나 용존산소포화도는 가장 높다.출조건은 $100^{\circ}C$에서 1분간의 고온단시간 추출이 적합하였다. 증가를 나타내었는데

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Development of a Stress ECG Analysis Algorithm Using Wavelet Transform (웨이브렛 변환을 이용한 스트레스 심전도 분석 알고리즘의 개발)

  • 이경중;박광리
    • Journal of Biomedical Engineering Research
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    • v.19 no.3
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    • pp.269-278
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    • 1998
  • This paper describes a development of efficient stress ECG signal analysis algorithm. The algorithm consists of wavelet adaptive filter(WAF), QRS detector and ST segment detector. The WAF consists of a wavelet transform and an adaptive filter. The wavelet transform decomposed the ECG signal into seven levels using wavelet function for each high frequency bank and low frequency bank. The adaptive filter used the signal of the seventh lowest frequency band among the wavelet transformed signals as primary input. For detection of QRS complex, we made summed signals that are composed of high frequency bands including frequency component of QRS complex and applied the adaptive threshold method changing the amplitude of threshold according to RR interval. For evaluation of the performance of the WAF, we used two baseline wandering elimination filters including a standard filter and a general adaptive filter. WAF showed a better performance than compared filters in the noise elimination characteristics and signal distortion. For evaluation of WAF showed a better performance than compared filters in the noise elimination characteristics and signal distortion. For evaluation of results of QRS complex detection, we compared our algorithm with existing algorithms using MIT/BIH database. Our algorithm using summed signals showed the accuracy of 99.67% and the higher performance of QRS detection than existing algorithms. Also, we used European ST-T database and patient data to evaluate measurement of the ST segment and could measure the ST segment adaptively according to change of heart rate.

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The Formation Process of Nature-Study in U.S. and Its Implication for Science Education (미국 Nature-Study 형성 과정과 과학교육에의 시사점)

  • Park, Jongseok;Park, Sangmin
    • Journal of the Korean Chemical Society
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    • v.58 no.1
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    • pp.118-125
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    • 2014
  • This study purposes to historical approach the formation process of Nature-Study, and to re-evaluate its definition and direction at present. The idea of Nature-Study originated from Campanella, Ratke and Comenius, who emphasized real things. The idea developed through Object Lessons of Sheldon, the Natural History of Agassiz, and Progressivism of Parker. They acted as the main contributors who evolved the idea of Nature-Study and its core fields that involve: 'studying with real things' in Object Lessons which brought the methodical aspects to the idea, 'studying with nature' from Natural History that enhanced the content characteristics and 'learner-centered education' from Progressivism, which impacted the philosophical aspects. Straight (a fellow student of Agassiz) was a teacher for Sheldon Oswego normal school and Parker's Cook County normal school, who synthesized the fields together and paved the way for the formation of Nature-Study. Jackman of Cook Country normal school established Nature-Study as a school curriculum and Bailey and Comstock of Cornell University formed the American Nature-Study Society and as a result, Nature-Study started to gain popularity. However, many educators increasingly rejected Nature-Study as a unifying topic, and preferred the use of textbooks rather than firsthand experiences. This hindered the nature-study movement and it declined since the 1920s. But today, the Nature-study idea can play a huge role in developing science education, inclusive education centered nature, self-initiated retrieval, sympathy with nature and character building of students.

Blood Flow Simulation in Bifurcated Geometry of Abdominal and Iliac Arteries Based on CT Images (CT영상에 기반한 복부대동맥과 장골동맥 분기관 모델의 혈류유동 해석)

  • Hong Y. S.;Kim M. C.;Kang H. M.;Lee C. S.;Kim C. J.;Lee J. M.;Kim D. S.;Lee K.
    • Journal of Biomedical Engineering Research
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    • v.25 no.6
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    • pp.497-503
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    • 2004
  • Numerical simulation of blood flow has been conducted based on real vessel geometries generated front DICOM medical images of abdominal and iliac bifurcated arteries of a healthy man. A program was developed to read cross sectional images of the three dimensional arteries and smoothly extract boundary coordinates of vessels. Commercial programs were employed for mesh generation and flow simulation. Pressures, velocities, and flow distributions were found to lie within normal physiological ranges. Peak velocity measured in the iliac artery by ultrasound was 20% smaller than that obtained by simulation. The trend of velocity variation in a cardiac cycle was fairly similar between the simulation and the ultrasonic measurements. Simulation based on real vessel geometry of individual patient provides information on pressure, velocity, and its distribution in the diseased arteries or arteries to be surgically treated. The results of simulation may help surgeons to better understand hemodynamic status and surgical need of the patient by revealing variation of the hemodynamic parameters. Futhermore, they may serve as basic data for surgical treatment of arteries. This research is expected to develop to a program in the future that early diagnose atherosclerosis by showing distribution of a hemodynamic index closely related to atherosclerosis in arteries.

Influence of the Type of Curing Agent on Swelling Behavior of Natural Rubber Foam (가교제의 종류가 천연고무 발포체의 팽윤거동에 미치는 효과)

  • Lee, Hwan-Kwang;Chung, Tea-Kyung;Kim, Sung-Chan;Kim, Hyun-Gi;Choi, Kyung-Man;Kim, Young-Min;Han, Dong-Hun
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.9 no.6
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    • pp.1775-1781
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    • 2008
  • The effects of the type of curing agent on the swelling of the natural rubber(NR) sponge applicable to the self-sealing layer of a helicopter fuel tank were investigated. The curing systems employed were peroxide and mixed ones of sulfur and peroxide. The NR compounds were prepared in a kneader and a roll-mill. The compounds were partially cured in a press at high pressure and subsequently cured fully with expansion in another press at atmospheric pressure. The apparent density of the NR sponge was measured and the cell structure was observed with scanning electron microscopy. The swelling experiments were performed at room temperature using toluene, iso-octane, and an aircraft fuel as a solvent. More rapid volume swelling of the NR sponge cured by peroxide was achieved than cured by sulfur and peroxide with similar amount of curing agent added in rubber compounds. The apparent density and cell structure of the sponge were extremely sensitive to the amount of peroxide, which influences again the swelling behavior of the NR sponge. It is important to control properly two reactions of decomposition of foaming agent and crosslinking of NR in the mold to obtain rapid swelling of the NR sponge on contact of the fuel.

Preparation and Characterization of UV-cured Polyurethane Acrylate/ZnO Nanocomposite Films (자외선 경화형 폴리우레탄 아크릴레이트/ZnO 나노콤포지트 필름의 제조 및 특성 분석)

  • Jeon, Gwonyoung;Park, Su-il;Seo, Jongchul;Seo, Kwangwon;Han, Haksoo;You, Young Chul
    • Applied Chemistry for Engineering
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    • v.22 no.6
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    • pp.610-616
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    • 2011
  • A series of polyurethane acrylate/ZnO (PUA/ZnO) nanocomposite films with different ZnO contents were successfully prepared via a UV-curing system. The synthesis and physical properties including morphological structure, thermal properties, barrier properties and optical properties, and antimicrobial properties were investigated as a function of ZnO concentration. FTIR and SEM results showed that these PUA/ZnO nanocomposite films did not have a strong interaction between PUA and ZnO, which may lead to no increase in thermal stability. By incorporating ZnO nanoparticles, the UV blocking and antibacterial properties increased as the content of ZnO increased. Specially, the oxygen permeability in composite films changed from $2005cc/m^2/day$ to $150cc/m^2/day$ by adding the ZnO nanoparticle, which indicates that the PUA/ZnO nanocomposite films can be applied as good barrier packaging materials. Physical properties of the UV-cured PUA/ZnO nanocomposite film are strongly dependent upon the dispersion state of ZnO nanoparticles and their morphology in the films.

A DB Pruning Method in a Large Corpus-Based TTS with Multiple Candidate Speech Segments (대용량 복수후보 TTS 방식에서 합성용 DB의 감량 방법)

  • Lee, Jung-Chul;Kang, Tae-Ho
    • The Journal of the Acoustical Society of Korea
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    • v.28 no.6
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    • pp.572-577
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    • 2009
  • Large corpus-based concatenating Text-to-Speech (TTS) systems can generate natural synthetic speech without additional signal processing. To prune the redundant speech segments in a large speech segment DB, we can utilize a decision-tree based triphone clustering algorithm widely used in speech recognition area. But, the conventional methods have problems in representing the acoustic transitional characteristics of the phones and in applying context questions with hierarchic priority. In this paper, we propose a new clustering algorithm to downsize the speech DB. Firstly, three 13th order MFCC vectors from first, medial, and final frame of a phone are combined into a 39 dimensional vector to represent the transitional characteristics of a phone. And then the hierarchically grouped three question sets are used to construct the triphone trees. For the performance test, we used DTW algorithm to calculate the acoustic similarity between the target triphone and the triphone from the tree search result. Experimental results show that the proposed method can reduce the size of speech DB by 23% and select better phones with higher acoustic similarity. Therefore the proposed method can be applied to make a small sized TTS.

The Effect of 15% Carbamide Peroxide on the Surface Roughness and Staining of Esthetic Restoratives (15% Carbamide Peroxide가 심미수복재의 표면조도와 착색에 미치는 영향)

  • Kim, Soo-Hwa;Choi, Hye-Sook;Roh, Jj-Yeon;Kim, Kwang-Mahn
    • Journal of dental hygiene science
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    • v.13 no.2
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    • pp.165-173
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    • 2013
  • The purpose of this study was to evaluate the surface change after 15% carbamide peroxide home bleaching to various restorative materials (composite resin [CR], resin modified glass ionomer [RMGI] and glass ionomer [GI]) and to observe the effect of surface condition of the materials on re-staining. Three esthetic restorative materials (Filtek Z250, 3M, USA; Fuji II LC, GC, Japan; Fuji II, GC, Japan) were used in this study. Twenty specimens per material group were made and divided into two groups (bleached and control). The specimens were immersed in coffee after applying bleaching agent. The color change and surface roughness were measured before and after bleaching and after immersion in coffee. The data were analyzed with SPSS 18.0. The results were as follows: 1. The color of all experiment groups was significantly changed after bleaching (p<0.05). RMGI was the greatest value of ${\Delta}E^*$ and ${\Delta}L^*$. GI and CR groups were in ordering (p<0.05). The ${\Delta}a^*$ value was decreased GI, RMGI and CR. RMGI was only significantly decreased in ${\Delta}b^*$ value (p<0.05). 2. The surface roughness before and after bleaching was significantly different on CR, RMGI and GI (p<0.05). 3. After staining with coffee, the value of ${\Delta}E^*$ was increased in GI, RMGI and CR, furthermore GI and RMGI showed significant difference in the bleaching groups (p<0.05). The ${\Delta}L^*$ value of GI and RMGI was significantly decreased. 4. The change of surface roughness after staining was not significantly different in all groups (p>0.05). The maintenance of color stability in esthetic restorations is one of the most important properties. Tooth whitening is for the aesthetic. Therefore, dental professionals should notice to patients about re-staining after tooth whitening. They should give an instruction that how to prevent and which kinds of agents could be stained.

BOND STRENGTH OF BONDED AMALGAM USING DENIAL ADHESIVES (치과용 접착제를 사용한 접착 아말감의 결합 강도)

  • Kam, Dong-Hoon;Lee, Sang-Dae;Hahn, Se-Hyun
    • Journal of the korean academy of Pediatric Dentistry
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    • v.26 no.2
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    • pp.284-295
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    • 1999
  • The purpose of this study was to measure and analyze the bond strength of bonded amalgam using dental adhesives and to compare this with light-curing composite resin. Sections 8mm in diameter were punched out from the labial surface of bovine anterior teeth. These were embedded in clear acrylic resin blocks with labial surface facing out. 55 specimens were made for enamel and dentin each. After dividing these into 5 groups, group 1: Superbond C&B, group 2: Panavia 21, group 3: All-Bond 2, group 4: Fuji I Glass Ionomer Luting Cement, group 5: Scotchbond Multi-Purpose(Restorative Z-100), molds with holes of 6.3mm in diameter and 1.5mm in depth were placed over the specimens. The exposed tooth surfaces were treated with adhesives and the molds were filled with amalgam. In group 5, the mold was filled with composite resin and light-cured for 40 seconds. The author measured all specimens for bond strength 24 hours after amalgam filing and analyzed fracture surfaces. The following results were obtained: 1. Among the dentin groups, groups 1, 2 and 4 showed significantly lower bond strength compared with group 5(P<0.05). 2. Among the enamel groups, group 4 showed significantly lower bond strength compared with group 5(P<0.05). 3. In group 2, 2D showed significantly lower bond strength compared with group 2E(P<0.05). Other adhesives showed no such differences in bond strength between dentin and enamel(P>0.05). 4. Cohesive failure was observed in groups 1E and 5D, while mixed failure was seen in groups 1 and 5. Only adhesive failures were noted in groups 2, 3, 4.

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