• 제목/요약/키워드: Announcement Effect

검색결과 95건 처리시간 0.022초

The China's Exchange Rate Policy to Export Competition

  • Lee, Dong-Hae;Lee, Sang-Ki
    • 산경연구논집
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    • 제8권2호
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    • pp.5-10
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    • 2017
  • Purpose - The purpose of this paper was to analyze the Chinese government's announcement of the RMB's appreciation on July 1, 2010, and its aim was to ascertain whether the appreciation has affected Chinese export prices by empirically measuring the degree of the exchange rate pass-tough on those prices. Research design, data, and methodology - Using 73 HS trade categories with cross-industry and time-series data, the panel estimation of a fixed-effects model has been applied to measure the degree and stability of any exchange rate pass-through effects. The estimation results show that the export prices of most trade categories were affected by the exchange rate changes. The pass-through effect was generally small, at about -0.485, and statistically significant in most export prices. Results - The empirical results indicate that China would lose its advantage and competitiveness in export if the RMB were appreciated continuously and rapidly because its export goods would no longer operate under strong monopolistic competition. Conclusions - The implications for China's exchange rate policy suggest that it would be better for the RMB to appreciate slowly and gradually rather than radically. It is clear that it would be allow the capital free flow in Chinese overall economic interest to reduce the continuous appreciation pressure on the currency and pave the way for improvements in export distribution competitiveness.

CSCL이론을 이용한 모바일 학급경영지원시스템 설계 및 구현 (Design and Implementation of Mobile Class Management Support System Using CSCL Theory)

  • 강종범;전우천
    • 정보교육학회논문지
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    • 제12권2호
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    • pp.131-139
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    • 2008
  • 본 연구는 협력적 지식구축을 목적으로 하는 CSCL (Computer-Supported Collaborative Learning) 환경을 이용하여 교육주체간의 협동적 상호작용이 원활히 이루어질 수 있도록 하는 모바일 학급경영지원시스템을 구현하는데 목적이 있다. 이러한 목적을 위해 학급경영과 CSCL, 무선인터넷을 이론적으로 탐색하고 학급경영과 무선인터넷의 관계를 파악하여 학급경영을 지원하는 모바일 학급경영지원 시스템의 설계요소 및 전략을 수립하였다. 이를 기반으로 모바일 학급경영지원시스템을 설계하고 개발하였다.

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The Development and Evaluation of an Incontinence Intervention Program for the Elderly Women at Elderly Welfare Center

  • Kim Jeungim
    • 대한간호학회지
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    • 제34권8호
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    • pp.1427-1433
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    • 2004
  • Purpose. The elderly with UI experienced urine leakage for a long time. The prevalence of UI has increased and it makes costly. Particularly, the elderly were reluctant to visit a hospital or a clinic for the reasons of modesty and poverty. To solve this problem, incontinence intervention programs should be provided at the elderly welfare center. The purpose of this research was to develop Incontinence Intervention Program for the Elderly Women (IIPE) and evaluate in its effect. Methods. The study design was quasi-experimental with pre and post-test. The study was performed for ten weeks at one elderly welfare center, Seoul, Korea. The subjects were gathered through an official announcement and informed consent was obtained. IIPE, in this study, was consisted of diagnosis, education, exercise and evaluation. The study variables were PFM exercise adherence, pelvic muscle strength, Continence self-efficacy, geriatric depression and incontinence stress. The effects of the IIPE on PFM exercise adherence, pelvic muscle strength, Continence self-efficacy, geriatric depression and incontinence stress were also evaluated. Results. The mean age of the subjects was 75.2 years. The average attendance was 6.2 times. The IIPE improved PFM exercise adherence, intra-vaginal contraction power and CSE significantly. But it was not significant in incontinence stress and geriatric depression. Other important results were that the two-finger test and urine stream interruption were more useful for elderly women with rigid vaginas in teaching and evaluating. Conclusion. The Findings suggest that IIPE is effective to the community-residing elderly. Further investigation is needed on a long-term basis with control group.

수용자특성 및 금연광고 메시지가 지식․신념․태도에 미치는 영향 (The Influence of Knowledge, Beliefs and Attitudes on Anti-Smoking Public Service Announcement Message Types and Audience Characteristics)

  • 류지혜;조경원
    • 보건교육건강증진학회지
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    • 제31권1호
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    • pp.1-11
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    • 2014
  • Objectives: In this study, the most executed social norm and advertisement about health consequences status were examined. The direction of effective anti-smoking advertisement is suggested in this study by figuring out the primary factors which affect smoking attitudes. Methods: The survey period of this study was from Nov $5^{th}$ to Nov $16^{th}$, 2012. 423 complete questionnaires were used for final analysis. The collected data were analyzed by SPSS Ver. 14.0, and reliability analysis, factor analysis, frequency analysis, F/t qualification, t-test, and multiple regression analysis, were performed. Results: This study is worth as a diagnosis of current status by using advertisement about social norm(51.4%) and health result(34.3%), which covers total of 85% in appeal types of anti-smoking advertisement that has been practically used in Korea. As a result, the health result type showed better result on belief and attitude. Conclusions: When establishing message strategy for anti-smoking advertisement, this study can help future direction for effective anti-smoking advertisement by figuring out effect of factors on smoking attitude.

디젤입자상물질 여과장치의 배기저감성능 효과 분석 (An Investigation of the Effect of Diesel Particulate Filter for Heavy-duty Diesel Engine on Emission Reduction)

  • 박용희;신대윤
    • 한국환경보건학회지
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    • 제33권1호
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    • pp.36-42
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    • 2007
  • Diesel PM can be controlled using Diesel Particulate Filter, which can effectively reduce the level of soot emissions to ambient background levels. In the Heavy Duty Diesel area, the Continuously Regeneration trap has been widely applied in the retrofit market. As the Special act for the improvement of air quality in the capital area, the retrofit program for DPF to used diesel vehicle has progressed favorably and there are currently over 1,000 of these DPF in use in retrofit applications in korea. These DPF comprise a specially formulated Diesel Oxidation Catalyst upstream of a DPF. The $NO_2$ generated by the DOC is used to combust the carbon collected in the DPF at low temperature. To certificate DPF device that is suitable to domestic circumstances, it is necessary to evaluate exactly the DPF devices according to the regulation of DPF certificate test procedure for retrofit(ministry of environment(MOE) announcement NO. 2005-16). To do so the understand of that regulation like the standard of PM reduction rate is needed. In this study the test procedure including test cycle and BPT test condition was examined and also the test result for specific DPF was analyzed. In every test like field test, PM reduction efficiency test and seoul-10 mode test, no defect could be showed.

주관절 굴곡에 따른 손목관절 위치의 파악력에 미치는 영향 (The Effect of Grip Strength in Change of Wrist Position according to Elbow Flexion)

  • 이상용
    • 대한물리의학회지
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    • 제4권4호
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    • pp.209-214
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    • 2009
  • Purpose:The purpose of this study are analysis characteristic of grasping power with each different elbow flexion degree and grasping power with each different elbow each different hand position and announcement. Methods:Measuring about 10cm wide open position with both feet for each elbow in the line positions of the $0^{\circ}$, $45^{\circ}$, $90^{\circ}$, $135^{\circ}$, and forearm position of supination, mid position, pronation is of the order. Results:The averge position of maximal grip strength was $0^{\circ}$ of elbow flexion with mid position in male and $90^{\circ}$ of elbow flexion with mid position in female. Grip strength in change of wrist position according to elbow flexion was significant difference(P<0.05). Grip strength in change of wrist position according to elbow flexion by sex was significant difference(P<0.05) Conclusion:When the elbow has flexion with $0^{\circ}$, $45^{\circ}$, $90^{\circ}$, $135^{\circ}$ then grasping power has a intimate relation with forearm position. Grasping power with forearm supination, pronation and mid position also has a intimate relation with elbow flexion.

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The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International journal of advanced smart convergence
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    • 제12권2호
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    • pp.193-200
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International Journal of Advanced Culture Technology
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    • 제11권2호
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    • pp.389-396
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

고객참여 제품개발이 기업 가치에 미치는 영향 (The Effect of Customer Co-development on Firm Value)

  • 이종국
    • Asia Marketing Journal
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    • 제12권3호
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    • pp.25-41
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    • 2010
  • 기업의 신제품 개발과정에서 고객참여는 중요한 전략적 역할을 한다. 본 연구는 고객참여를 고객공동개발 (customer co-development) 과 계약개발 (contract development) 로 구분하고, 고객참여 발표가 기업 가치에 미치는 영향을 이벤트 연구를 통해 분석한다. 바이오 및 제약 산업에 대한 분석을 통해, 본 연구는 계약개발 대비 고객공동 개발이 기업 가치에 미치는 영향은 기업 및 관계 변수에 의해 조절됨을 밝힌다. 특히, 본 연구는 연구개발 협력경험이 많을 때 또는 지분투자를 동반할 때, 고객공동개발이 계약개발에 비해 기업 가치에 양의 영향을 미침을 보여준다.

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구조조정기업의 주식성과에 관한 연구 (A Study on the Stock Performance of Distressed Restructurings)

  • 장범식;황인덕
    • 재무관리연구
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    • 제25권1호
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    • pp.141-176
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    • 2008
  • 본 연구는 기업도산절차의 목표라 할 수 있는 사후적 효율성(ex post efficient outcome) 을 분석한다. $1980{\sim}2004$년 기간중 구조조정을 신청한 기업을 대상으로 구조조정 종결 이후의 주식성과를 분석한 결과 종결 공시 이전부터 공시일까지는 대부분 양(+)의 AR을 보였으나, 공시일 이후에는 워크아웃을 제외하고는 음(-)의 반응을 보였다. 장기성과를 분석한 결과 워크아웃 종결기업의 경우 공시월 이후에 고성과(overperformance)의 특성을 보인 반면, 화의 및 회사정리 종결기업은 종결공시월 이전에는 고성과, 공시월 이후에는 저성과(underperformance)를 보였다. 시장모형기준 종결후 24개월 누적비정상수익률을 종속변수로 한 횡단면 분석에서는 자산감축비율과 주주집중도, 최대주주지분율이 높을수록 장기성과는 긍정적이었으나, 최대주주 변경은 부정적인 영향을 미치는 것으로 나타났다. 구조조정 수단별 성과측면에서는 워크아웃의 성과가 가장 우월하며, 구조조정 신청시 공시효과와 종결 이후의 장기성과에서 화의의 성과가 가장 취약함을 확인하였다. 구조조정 개시 및 종결공시효과에서는 회사정리의 성과가 가장 취약함을 확인하였다. 한편, 최대주주 변경기업은 변경되지 않은 기업에 비해 장기성과에서 유의한 저성과를 보였으며, 횡단면 분석에서도 최대주주 변경은 장기성과에 부정적 요인임을 확인하였다. 본 연구결과는 효율성과 수익성이 취약한 기업에 대한 구조조정 조기종결 판단시 M&A를 통한 조기 채무상환 가능성보다 경제적 독자생존 가능성에 대한 보다 신중한 판단이 필요함을 시사한다.

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