• Title/Summary/Keyword: Agency

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A Study on the Effect of Agency Problems in the Determination of Capital Structure (대리문제가 자본구조에 미치는 효과에 관한 연구)

  • 김형준;황동섭
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.18 no.36
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    • pp.365-370
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    • 1995
  • In recent years, there have been attempts to explain firms' capital structure based upon the agency theory which considers agency problems arising due to ownership structure. Agency theory starts from the coctractual relationship (explicit or implicit) between principals and agents. Since uncertainty exists in real world and information is distributed asymmetrically, there are conflicts between principals and agents. The objectives of this study are to analyze, based upon agency theory, factors which are expected to affect firms' capital structure and to test empirically the relevance of agency cost hypothesis about the determination of capital structure, For these purposes, this paper carried out multiple regression in order to examine whether the factors of agency costs affect significantly the determination of capital structure. The results of empirical analysis are summarrized as follows; First, insider-equity ration has been negatively correlated with capital structure. Second, growth opportunity variabless has been insignificant coefficients with capital structure.

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Security Evaluation Criteria for Firewalls in Kirea

  • Lee, Cheol-Won;Hong, Ki-Yoong;Kim, Hak-Beom;Oh, Kyeong-Hee;Kwon, Hyun-Jo;Sim, Joo-Geol
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.8 no.3
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    • pp.63-78
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    • 1998
  • Recently, to use the evaluated firewall is recognized as a solution to achieve the security and reliability for government and organizarions in Korea. Results of firewall evaluation using ITSEC(Information Technology Security Evaluation Criteria) and CCPP(Common Criteria Protection Peofile)have been announced. Because there are problems to apply ITSECor CCPP for the firewall evaluation in korea environment, korea government and korea Information security Agency (KISA) decided to develop our own security dvaluation critrtia fir firewalls.As a result of the efforts, Korea firewall security evaluation criteria has been published on Feb. 1998. In this paper, we introduce Korea security evaluation criteria for firewalls. The ceiteria consists of functional and assurance requirements that are compatible with CC Evaluation Assurance Levels(EALs)

Identification of a new analogue of sildenafil from functional food for penile erectile dysfunction

  • Shin, Myoung-Hee;Hong, Moo-Ki;Lee, Young-Ja;Kim, Woo-Sung;Hong, Ki-Hyung;Jung, Yeon-Chan;Kim, In-Bok
    • Proceedings of the PSK Conference
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    • 2002.10a
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    • pp.234.1-234.1
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    • 2002
  • Any food additive as a chemical synthetic compound. whose criteria and standards are not notified publicly and foods using an food additives containing such a chemical synthetic compound or foods containing it shall not be sold. or manufactured. imported. processed. used. prepared. stored. transported. or displayed for the purpose of sale. Some food manufacturers have illegally added drugs to foods not notifying this. Moreover. structure-modified new drugs could be added. But it is almost impossible to detect these by ordinary laboratory inspection. Thus the study about the identification of analogues of pending drugs is imminent. (omitted)

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Performance Analysis of WADGPS System for Improving Positioning Accuracy

  • So, Hyoungmin;Jang, Jaegyu;Lee, Kihoon;Park, Junpyo;Song, Kiwon
    • Journal of Positioning, Navigation, and Timing
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    • v.5 no.1
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    • pp.21-28
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    • 2016
  • The Wide Area Differential Global Positioning System (WADGPS) that uses a number of Global Navigation Satellite System (GNSS) reference stations are implemented with various types and provide services as it can service a wide range of areas relatively. This paper discusses a constellation design of reference stations and performance analysis of the WADGPS. It presented performance results of static and dynamic users when wide area correction algorithm was applied using eight reference stations.

A Survery of Home Health Nursing Service and Satisfaction at a Home Health Agency in UTMB (UTMB Home Health Agency의 가정간호 실태조사)

  • Kim, Sung-Sil
    • The Korean Nurse
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    • v.32 no.1
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    • pp.95-110
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    • 1993
  • The purpose of this study was to describe the populat.ion of a Medicare/Medicaid home healt.h agency in Galveston, identify their specific needs and assess their satisfaction with the services pro-vided to them. The data obtained will be used to improve home health services in the Galveston agency.

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