• The Journal of Asian Finance, Economics and Business
• /
• v.6 no.3
• /
• pp.19-26
• /
• 2019

The paper aims to measure stock price volatility on Ho Chi Minh stock exchange (HSX). We apply symmetric models (GARCH, GARCH-M) and asymmetry (EGARCH and TGARCH) to measure stock price volatility on HSX. We used time series data including the daily closed price of VN-Index during 1/03/2001-1/03/2019 with 4375 observations. The results show that GARCH (1,1) and EGARCH (1,1) models are the most suitable models to measure both symmetry and asymmetry volatility level of VN-Index. The study also provides evidence for the existence of asymmetric effects (leverage) through the parameters of TGARCH model (1,1), showing that positive shocks have a significant effect on the conditional variance (volatility). This result implies that the volatility of stock returns has a big impact on future market movements under the impact of shocks, while asymmetric volatility increase market risk, thus increase the attractiveness of the stock market. The research results are useful reference information to help investors in forecasting the expected profit rate of the HSX, and also the risks along with market fluctuations in order to take appropriate adjust to the portfolios. From this study's results, we can see risk prediction models such as GARCH can be better used in risk forecasting especially.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.7
• /
• pp.149-158
• /
• 2020

The purpose of this study was to investigate the impact of corporate governance index on the cost of equity in companies listed on the Tehran Stock Exchange. This study collects data from 975 observations during the period 2012 to 2018 to test the hypotheses using multiple linear regression model for the panel data. In this research, the independent variable of corporate governance index comprises of 27 specific corporate governance attributes. The results of hypothesis testing showed that corporate governance has a negative and significant effect on the rate of capital cost. In other words, the quality of corporate governance can lower the rate of capital cost. This result suggests that, by using a powerful corporate governance system and by declining the information asymmetry (increasing transparency) and agency conflict, we would be able to enhance the quality of financial reports. It would strengthen the capital market, attract financial suppliers and investors, and absorb the required financial resources of the firm by a lower rate. The findings of the study suggest that companies are able to reduce the cost of equity by establishing strong corporate governance. This conclusion suggests the importance and effectiveness of corporate governance in the cost of equity.

• The korean journal of orthodontics
• /
• v.36 no.3 s.116
• /
• pp.218-227
• /
• 2006

Although the submentovertex radiograph and surface EMG are not often used due to the difficulty of interpretation, they are accepted as useful diagnostic and analytic aids for skeletal asymmetry. There have been reports which state that they were also useful for the evaluation of vertical skeletal relations. The purpose of this study was to evaluate the correlations between EMG data, measurements from submentovertex radiographs, facial types and facial asymmetry following examination of 60 asymmetric patients. The radiographic corpus length were greater in the nonaffected sides (p<0.001), gonion to interspinosum axis were greater in the affected sides and the mandibular condyle and gonion were located more anteriorly in the non-affected sides than in the affected sides but not significant (p=0.07). The activity of the anterior temporal muscle in rest position was higher in the affected sides than in the non-affected sides (p<0.01). The activity of the masseter muscle at maximum clenching was found to be nonsignificant but it was higher in the affected sides than in the non-affected sides (p=0.09). There was positive correlation between facial index and the intercondylar axes angle (p<0.01). There was positive correlation between masseter muscle activity in maximum occlusion and facial index in the affected and non-affected sides (p<0.05). The results demonstrate that the submentovertex radiograph and EMG can provide useful information for the evaluation of horizontal and vertical skeletal relations.

• Physical Therapy Korea
• /
• v.26 no.1
• /
• pp.28-36
• /
• 2019

Background: Temporomandibular disorder (TMD) is characterized by pain and limited range of motion in the jaw. TMD patients generally prefer to chew on the unaffected or less-affected side, and this tendency often results in asymmetries in masseter muscle thickness and range of mandibular motion. Objects: The purpose of this study was to compare the asymmetries in masseter muscle thickness and range of mandibular motion in subjects with and without temporomandibular disorders. Methods: Thirty-nine subjects were divided into two groups: A TMD group ($n_1=19$) and a control group ($n_2=20$). The jaw opening range and laterotrusion were measured using a digital vernier caliper. The masseter muscle thickness was examined in both the resting state and the maximal clenching state using ultrasonography. The absolute asymmetry indices calculated based on the laterotrusion and masseter muscle thickness of the respective right and left sides. A two-way ANOVA and a Mann-Whitney U test were used for statistical analysis. Results: No significant different was found in the masseter muscle thickness between the TMD and control group. A significant difference was found in the absolute asymmetry indices of mandibular laterotrusion between the TMD and control groups (p<.05). Furthermore, the ranges of jaw opening were significantly different between males and females (p<.05). The absolute asymmetry index values of masseter muscle thickness at rest and during maximal clenching were also significantly different between males and females (p<.05). Conclusion: These results demonstrated that the subjects with TMD had a larger degree of asymmetry in laterotrusion than those without TMD. Therefore, a physiotherapy program needs to be designed to restore normal laterotrusion capacities for TMD subjects. These results also showed that female subjects had greater absolute asymmetry indices in masseter muscle thickness than male subjects. Therefore, more training is needed to promote bilaterally balanced chewing among women.

• Journal of the Korea Convergence Society
• /
• v.8 no.5
• /
• pp.213-221
• /
• 2017

This study empirically investigates the relation between information quality measured by accruals quality and the KOSPI200 index rebalancing. The accruals quality is used for the proxy of information quality and is estimated by employing the Francis et al. (2005) model. The result shows that there is a statistically significant difference between additions group and deletions group. The average information quality of deletions group is substantially lower than that of additions group. In addition, the regression analysis shows that the relationship between accruals quality and a dummy variable for changes in the KOSPI200 index composition is negative and statistically significant. This result implies that additions to the KOSPI200 stock index improves information quality and relieves the information risk of firm which results in the amelioration of information asymmetry. On the other hand, deletions from the KOSPI200 index result in the deterioration of information quality. These results are consistent with Merton (1987).

• Communications for Statistical Applications and Methods
• /
• v.19 no.5
• /
• pp.743-750
• /
• 2012

In this study, we propose definitions for the one-sided variance for asymmetric distribution. We consider to apply the one-sided variance to the construction to define modified $C_{pk}$, which is a definition for the process capability index for the asymmetric process distribution. Then we consider to obtain the consistent estimation for the one-sided variance and to apply to the various industrial fields.

• Journal of the Korean Society of Physical Medicine
• /
• v.15 no.3
• /
• pp.89-98
• /
• 2020

PURPOSE: This study investigated the effects of unilateral static stretching on the flexibility and symmetry of the lower leg, and temporal gait variables in gait asymmetry people. METHODS: Twenty gait asymmetry people were divided into a unilateral static stretching group (USG, n = 10) and control group (CON, n = 10). The USG performed unilateral static stretching for 60 minutes, three times a week, and eight weeks. The flexibility of the lower leg (SR), and symmetry (BR), and temporal gait variables (Step length; SL, gait speed; GS) were measured before, after four and eight weeks of unilateral static stretching. Moreover, SI (symmetry index; SI) was calculated from the measured SL value. Statistical analyses were conducted using one-way ANOVA and two-way ANOVA with repeated measures, a paired t-test, and multiple comparisons according to Scheffe. RESULTS: SR and BR in the dominant and non-dominant side, and GS were increased significantly at USG after eight-weeks compared to before unilateral static stretching (p < .05). The difference in BR in the dominant and non-dominant side, and step length (SI) decreased significantly at USG after eight-weeks compared to before unilateral static stretching (p < .05). CONCLUSION: Unilateral static stretching improves the flexibility and symmetry of the lower leg, and temporal gait variables in gait asymmetry people.

• Archives of Craniofacial Surgery
• /
• v.22 no.3
• /
• pp.148-153
• /
• 2021

Background: The zygomaticomaxillary complex (ZMC) has a protruded, convex shape and plays a vital role in determining the contour by affecting the width of the middle face. This study aimed to evaluate the efficiency of ZMC fracture reduction and explore detailed directions for outcome improvement. Methods: We conducted a retrospective study of patients diagnosed with unilateral ZMC fracture who underwent ZMC reduction surgery at a single hospital between January 2015 and May 2020. The primary outcome variable was facial asymmetry using the difference in the bilateral malar eminence (ME) position measured by computed tomography scan. The 3-dimensional distance (I_A, asymmetry index) and the distance in each dimension, D_x (anteroposterior distance), D_y (mediolateral distance), and D_z (superoinferior distance) were compared. Results: A total of 101 patients with ZMC fractures and 54 non-fracture patients were enrolled in the study. The mean age of the study sample was 43.49 years (control sample, 43.35 years), and the male-to-female ratio was 66.3:33.7 (control sample, 64.8:35.2). There were 53 and 48 patients with right and left ZMC fractures, respectively. The I_A was not statistically different between the two groups. In terms of position in each dimension, only D_x was significantly different between the two groups. Conclusion: The results show that overall facial asymmetry was recovered after ZMC reduction, but in certain dimension significant difference in ME position has still remained. For further improvement, treatment should be performed to relieve malar depression in the anteroposterior dimension.

• Tunnel and Underground Space
• /
• v.31 no.6
• /
• pp.520-533
• /
• 2021

It is necessary to increase the blasting efficiency in order to minimize the economic loss caused when the excavation cross section is reduced due to the stability problem of underground mining development, and for this, a new blasting design is proposed. In this study, the blasting efficiency of the general design in the field, the suggestion designI, which added two columns to production blasting, and the suggestion design II, which added one column to create asymmetry, is compared. Advance rate and fragmentation were selected as the evaluation index of the blasting efficiency. In the case of advance rate, compared to the normal, the suggestionI improved by 6.07% and the suggestionII improved by 4.65%. In the case of fragmentation, based on P80, compared to the normal, the suggestionI reduced about 58% and the suggestionII was about 47%. Accoording to the evaluation index, the suggestion designI shows better blasting efficiency than the suggestion designII. But considering the additional work time and cost required for the suggestion designI due to the insignificant difference in the evaluation index results, the asymmetry V-cut, the suggestion designII, is judged to be a more suitable blasting design for the site.

• Journal of Astronomy and Space Sciences
• /
• v.26 no.1
• /
• pp.9-24
• /
• 2009

We compare the relation among the annual distribution of sunspots: coronal mass ejections (CMEs) and geomagnetic storms and North-South asymmetry during solar cycle 23. For this purpose, we calculate correlation coefficients between (i) annual distribution and N-S asymmetry of CMEs - sunspots (ii) distribution of CMEs - occurrence number of geomagnetic storms (iii) distribution of sunspots - occurrence number of geomagnetic storms. We find that (i) the annual distribution of total CMEs has good correlation with distribution of annual average of sunspots but poor correlation with N-S asymmetry of sunspots, N-S asymmetry of CMEs has good correlation with N-S asymmetry of sunspots: (ii) total and N-S asymmetry of CMEs have poor correlation with occurrence number of geomagnetic storms, it's, however, well correlated with the classified groups of CMEs (Ap, Dst and an indices vs. fast CMEs($\upsilon$ > $1000kms^{-1}$), Dst index vs. Halo CMEs), and (iii) sunspot numbers and area are correlated with occurrence number of geomagnetic storms. We conclude that annual distribution of CMEs and sunspots have well correlated with geomagnetic storms, N-S asymmetry of CMEs and sunspots have poor correlated with the geomagnetic storms.