• Title/Summary/Keyword: 효과연구

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한국주식시장(韓國株式市場)에서 가격제한폭제도(價格制限幅制度)가 주가변동성(株價變動性)에 미치는 효과에 관한 실증적(實證的) 연구(硏究)

  • Lee, Sang-Bin;Kim, Kwang-Jeong
    • The Korean Journal of Financial Management
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    • v.10 no.1
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    • pp.231-248
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    • 1993
  • 1987년의 블랙 먼데이 이후 많은 연구는 내재적(內在的) 가치(價値)와 상관없는 주가변동성(株價變動性), 즉 '노이즈'거래와 투기적 거래에 의한 주가변동성을 감소시킬 수 있는 방안을 강구하기 위하여 주식시장의 미시적 구조문제에 관심을 가져왔다. 정부기관이나 증권거래소에서 행해진 연구에 의하면 신용규제(信用規制)와 더불어 거래제동시스템을 하나의 해결책으로서 제시하였다. 그러나, 신용규제에 대해서는 많은 실증적 연구가 이루어진 반면, 거래제동시스템의 효과에 대해서는 주식시장에서의 실무적인 경험부족으로 상대적으로 극히 미미한 실정이다. 또한 거래제동시스템의 도입이 주식시장의 주가변동성을 감소시키는 효과가 있는 지에 대한 이론적 분석도 학자간에 의견이 분분하다. 본 연구는 한국증권시장에서 가격제한폭제도(價格制限幅制度)가 주가의 변동성을 감소시키는 효과가 있는 지에 대한 보다 신뢰성있는 실증적 증거를 제시하고 있다. 한국증권시장에서의 가격제한폭제도는 주가수준에 따라 개별주식별로 가격제한폭비율이 다르기 때문에, 가격제한폭제도가 주가변동성에 미치는 효과를 분석하는데 있어 가격제한폭 이외의 다른 요인을 통제하는 것이 가능하다 본 연구에서는 가격제한폭비율이 높은 포오트폴리오와 가격제한폭비율이 낮은 포오트폴리오를 구성하여 두 포오트폴리오 간에 주가변동성의 차이가 있는지를 비교하였다. 본 연구의 결과는 가격제한폭제도가 주가변동성을 줄여주는 긍정적인 효과가 있다는 것을 강하게 보여주고 있다.

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Tax Subsidy and Information Effect of Future Earnings (조세혜택과 미래이익의 정보효과)

  • Byun, Sun-Young;Kim, Jin-Wook;Jung, Hyun-Uk
    • Management & Information Systems Review
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    • v.35 no.4
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    • pp.123-140
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    • 2016
  • This study investigates whether tax subsidy is associated with the information effect of future earnings (Future Earnings Response Coefficient, hereafter 'FERC'). Prior studies related with tax subsidy suggest that high- tax subsidy is associated with high-Conservatism. And high-tax subsidy is associated with low-information asymmetry. The hypothesis is tested by using sample firms listed on the Korean Stock Exchange from the year of 2002 to the year of 2009 inclusively. We followed methodology of Tucker and Zarowin (2006). We find that the regression coefficient for tax $subsidy{\times}X_{t3}$ shows a significant positive sign. Also, we performed additional test after controlling for variables related with FERC. The regression coefficient for tax $subsidy{\times}X_{t3}$ is consistent with main results. This result means that the changes in the current stock price of higher-tax subsidy contain more information about their future earnings than the changes in the stock price of lower-abnormal audit hours. The evidence suggests that investors positively understand high-tax subsidy.

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Productivity Effect by Activities in Education & Training and Research & Development after Financial Crisis: An Analysis using the Estimate of E&T Stock (외환위기 이후 기업의 교육훈련활동과 연구개발활동의 생산성 효과: 교육훈련스톡 추계치를 이용한 분석)

  • Ban, Ga Woon
    • Journal of Labour Economics
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    • v.34 no.1
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    • pp.33-69
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    • 2011
  • This study analyses a productivity effect by E&T and R&D activities via estimation of E&T stock, R&D stock, and patent stock in a corporate level. Particularly, the analysis reflects the effects of skilled training after estimating E&T stock from E&T flow. When a spillover effect of E&T is analyzed, a methodology using technical proximity concept becomes a new experiment. Also classifying long and short term effects from the usage of Dynamic Panel Data Analysis becomes a new trial, too. The results of study appear that the productivity effects from E&T investments are relatively lager than R&D investments. Through spillover effects and long-term effects E&T and R&D activities have a strong influence on the corporate's productivity.

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Effects of Low Reactive Level Laser Irradiation (LLLI) on the Wound Infected with Staphylococcus Aureus (저출력레이져조사가 Staphylococcus aureus 에 감염된 창상에 미치는 영향)

  • Phil-Yeon Lee;Ki-Suk Kim
    • Journal of Oral Medicine and Pain
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    • v.21 no.1
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    • pp.153-171
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    • 1996
  • 저수준레이저를 이용하여 창상이나 병소의 치유과정에 대한 효과를 조사하기 위하여 많은 연구가 시행되었다. 연구에 의하면 갈륨비소 레이저광이 생체자극효과를 가진다고 하며, 저수준레이저를 조사하면 단백질과 핵산 (DNA) 합성을 자극하여 치은섬유아세포의 증식을 촉진한다고 보고하였다. 외상병소나 근육병소의 치료에 사용된 레이저치료법에 관한 관심이 점증함에 따라 저수준레이저요법 (LLLI)의 치유효과를 설명하기 위하여 분자생물학적 수준의 연구를 시행하기에 이르렀다. 보고에 의하면 Mutans Streptococcide 는 LLLI를 사용시 증식이 촉진되며, 다른 세균에서도 유사한 증식효과가 나타날 것이라고 주장하였다. 그러므로 LLLI가 피부감염을 야기하는 가장 흔한 원인인 Staphylococcus aureus 도 마찬가지로 증식이 촉진되는 지를 조사해볼 필요가 있으며, 또한 감염과 같이 특정 병적 상태에서의 저수준레이저광의 효과는 아직까지 명확하게 밝혀져 있지 않았다. 그러므로 본 연구의 목적은 첫째, Staphyloc occus aureus 의 증식에 대한 저수준레이저광의 효과를 조사하는 실험이며, 둘째 Staphylococcus aureus 로 가염된 피부창상에 대한 저수준레이저광의 효과를 판정하는데 있다. 34개의 Staphylococcus aureus 배양표본을 사용하여 48시간의 세포주기동안 조사기간과 조사시간, 그리고 레이저 펄스(laser pulse)형에 따라 3가지 실험을 시행하여 증식에 가장 효과적인 상태와 가장 비효과적인 상태의 갈륨비소 반도체 레이저펄스를 결정하였다. 이후 지름 약 6 mm의 개방창상을 44마리 백서의 양측 대퇴부에 형성하여 모든 창상에 S. aureus를 감염시켰다. 모든 표본은 펄스형과 조사방법 (중앙조사법과 주변조사법)에 따르는 실험을 하기 위하여 4가지로 분류하였다. 각 백서의 양측 창상중 하나는 1,3,5,7일 마다 각 실험의 방법에 따라 레이저를 조사하고 실험동물의 다른 창상은 대조군으로서 사용하였다. 모든 창상의 면적은 실험 1,3,5,7 일째에 일정한 거리에서 사진촬영하여 면적계를 이용, 측정한 후 통계적인 의의를 조사하였다. 본 연구의 결과는 저수준레이저는 특정 조건하에서 S. aureus의 증식을 촉진하였다. 그러나 S. aureus에 감염된 창상을 저수준레이저로 조사시 치유가 촉진되었다. 중앙 조사법고 주변조사법에 의한 창상치유효과는 통계적인 의의가 보이지 않았다. 따라서 결론적으로 S. aureus 에 감염된 창상에 직접 또는 간접적이든 pulse의 종류에 관계없이 조사하는 경우 치유효과가 나타나는 것은 정사주위 조직의 LLLI 자극효과가 염증의 확산을 억제한다고 말할수 있다.

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Meta-analysis on the Effect of Information Literacy Instruction (정보활용교육의 효과에 대한 메타분석)

  • Kim, Seunghee;Hong, Sehee
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.27 no.1
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    • pp.59-85
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    • 2016
  • The purpose of this study was to synthesize the effects of the information literacy instruction using meta-analysis. Results using random-effect models were as follows. First, the overall average effect size (ES) of information literacy instruction (Hedges'g) was 0.72, which could be interpreted based on Cohen's guidelines as moderate to large. Second, the two types of information literacy instruction, demonstrating more than medium ESs, did not show significant differences in their ESs. Third, the ESs of information literacy instruction differed depending on the measuring variables. Fourth, grade, study design and the form of the measurement tool were moderator variables that explain the differences in ESs. In sum, the effects of information literacy instruction, having more than medium effect size, seem quite stable across instruction types and study designs.

Meta-Analysis on the Effects of Programming Education using Educational Programming Languages (교육용 프로그래밍 언어를 사용한 프로그래밍 교육의 효과에 관한 메타분석)

  • Yang, Changmo
    • Journal of The Korean Association of Information Education
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    • v.18 no.2
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    • pp.317-324
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    • 2014
  • In this paper, we investigate the effects of programming education using educational programming languages. We select 70 papers which contain 101 individual experimental studies we can estimate the effect size from. The average effect size of the studies is .641, which means that programming education has modest effects on the learners. The average effect size of the learners' cognitive and affective domains are 0.632 and 0.666, respectively. The average effect size by the controlled variables such as school level, experimental periods, and programming languages have no statistically significant difference. The results of our study show that the experimental group receiving programming education, can be expected perform about 23.9% better compared to the control group having received no programming education.

Effect of the Job Autonomy on Innovative Work Behaviors in China Logistics Industry: Focus on the Moderated Mediation Effect of Perceived Organizational Support (중국 물류산업에서 업무의 자율성이 혁신적 생산 활동에 미치는 영향에 관한 연구: 기업지원인식의 조절된 매개효과를 중심으로)

  • Jiang, ChunZhao;Kim, Yeonggil;Kim, Younsung
    • Journal of Service Research and Studies
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    • v.6 no.4
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    • pp.87-100
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    • 2016
  • The purpose of this study is to clarity the effect of job autonomy, innovative work behaviors and perceived organizational support on organizational performance. To attain this goal, mediation analysis, moderation analysis and moderated mediation analysis were performed. 198 valid questionnaires from China Tianjin City's logistics enterprises were analyzed with SPSS Macro program. The results indicated that: (1) perceived organizational support's moderating effect existed in the relationship between job autonomy and innovative work behaviors, (2) innovative behaviors' mediated effect existed in the relationship between job autonomy and organizational performance, (3) perceived organizational support's moderated mediation effect is existing in the relationship between job autonomy, innovative behaviors and organizational performance. That is to say, the strength of the mediated effect decreased along with levels of perceived organizational support: stronger job autonomy relationship when perceived organizational support was weak.

A Study on Impacts of Industrial Convergence Using Patent Citations (특허인용관계를 활용한 산업융합 파급효과 연구)

  • Kang, Hee-Jong;Kim, Ki-Kook
    • Journal of Technology Innovation
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    • v.22 no.2
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    • pp.31-50
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    • 2014
  • Recent efforts of government to improve economic performance and increase employment through industrial convergence are being promoted actively. However, unfortunately, we have little of quantitative study on the following questions; (1) what is the rate of industrial convergence progressed?, and (2) what is the rate of total effects of industrial convergence spreaded?, and (3) which is the No. 1 industry in the magnitude of inductive effect of industrial convergence? In this study, we have measured and analyzed quantitatively the following questions using patent citation; (1) how is industrial convergence progressed?, and (2) how much has industrial convergence a effect on all industry?, and (3) what is the rate of the inductive effect of industrial convergence? In doing so, decision about industrial convergence has been made using patent citation and the effect of industrial convergence is drawn from convergence I/O table which made by patent citation.

A Study about the Model of Subjective Quality of Life for the Elderly: Focused on the Mediating Effects of Death Anxiety (노인의 주관적 삶의 질 모형 연구: 죽음불안의 매개효과를 중심으로)

  • Lim, Seung Hee;Roh, Seung-Hyun
    • 한국노년학
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    • v.31 no.1
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    • pp.1-14
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    • 2011
  • The purpose of this study is to develop a research model and to verify the effects death anxiety has on subjective health status, economic status, depression and social support for the elders and their quality of life. The survey targeting 330 elders from the 17 senior citizen centers in Dong-do-chun and Nam-yang-ju city was carried out from 2008.8.1 to 2008.9.31. To summarise the research result, 6 hypotheses among 9 hypotheses concerning the direct effects were supported. In another words, health status, depression and social support are valid and the direct effect of depression, social support and death anxiety are valid as subjective quality of life as an endogenous variable. In the case of indirect effects, 2 indirect effects among all 4 indirect effect hypotheses are valid. In another words, the effect the subjective health status has on the subjective quality of life is valid as the mediating effects of death anxiety and the effect depression has on the subjective quality of life is also valid as the mediating effects of death anxiety. Based on the results of this study, a proposal to reduce death anxiety among the elderly is suggested.

Analysis of Static Shift and its Correction in Magnetotelluric Surveys (MT 탐사에서의 정적효과 및 보정법 분석)

  • Hanna Jang;Yoonho Song;Myung Jin Nam
    • Geophysics and Geophysical Exploration
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    • v.27 no.2
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    • pp.129-143
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    • 2024
  • In magnetotelluric (MT) surveys, small inhomogeneities near the surface cause a static shift in which apparent resistivities shift regardless of frequency. As the static shift in MT data leads to errors in subsurface structure interpretation, many studies have been conducted over the past few decades to mitigate or remove the distortions it caused. The most representative method involves removing static shifts from the data before inversion. Conversely, static shifts can be corrected during inversion or included in the inversion process. In addition, other geophysical data can be used to remove static shifts. However, the correction methods are limited to one-dimensional (1D) static responses, and limitations remain in two- or three-dimensional (2D or 3D) interpretation of distorted MT data owing to static shifts. This study provides a foundation for future studies on static shift by analyzing several previously published methods.