• 대한안전경영과학회:학술대회논문집
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• 대한안전경영과학회 2005년도 추계학술대회
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• pp.569-579
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• 2005

International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. 'But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea.

• 산업경영시스템학회지
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• 제21권48호
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• pp.133-144
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• 1998

International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term & short-term interest rate is affected by Hanbo & Kia's bankruptcy, continuous large scale corporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge fund were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

• 대한안전경영과학회:학술대회논문집
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• 대한안전경영과학회 2002년도 추계학술대회
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• pp.305-319
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• 2002

International capital movement has made progress at global liberalization of finance and foreign exchange, international monetary norm changing into floating exchange rate system, easiness of collection of information and trade at improvement of information communication technology from early of 1970's. Results of empirical test for relation between foreign exchange rate or various determination factors of foreign exchange rate and interest rate are followed by next sentences. First, according to relation between foreign exchange rate and interest rate, correlation for each of variables after OECD entrance is increased. But, long-term ＆short-term interest rate is affected by Hanbo ＆ Kia's bankruptcy, continuous large scale coporates bankruptcy and crisis of foreign exchange. Therefore, financial instability is occured. If portfolio investment fund has been inflow as it is mollified by continuous shortage of foreign exchange and fall of country's credit rating, it is expected to have positive effect for long-term & short-term interest rate from appreciation of won against dollar. Second, results from relation between determination factor of foreign exchange rate and interest rate are followed by next sentences. If surplus of current account and goods account is continued, yield of corporate bond is to be stable. But, margin of surplus is expected to diminish after second quarter 98, and difference between external and domestic interest (after adjusting foreign exchange rate) is to be diminished. And if net inflows of foreign investor's fund (stock and bond) is diminished, it is to have negative effect for yield of corporate bond. According to foreign investor's investment movement of previous years, hedge md were stayed at least during two years in Mexico. It means that sudden capital outflow is not to be happened at Korea. But if external factors from depreciation of yen and China's renminbi are instable, interest rate is expected to increase from capital's outflows. Third, if it is to decrease instability of foreign exchange rate from increase in surplus of future current account, credit rating's upwardness, stability of yen and renminbi, foreign exchange rate is expected to be stable. It is expected to have continuous stability from short-term interest rate to long-term interest rate in this empirical test.

• 한국콘텐츠학회논문지
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• 제13권9호
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• pp.344-354
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• 2013

본 연구의 목적은 미국 FRB의 정책금리조정 영향이 국내 국고채 채권시장에 어떤 영향을 미치는 가를 실증 분석하는 것이다. 본 연구를 통해 얻은 결론은 다음과 같다. 우선, 첫째, 미국 정책금리 변경 효과가 국내 채권시장에 통계적으로 유의한 (+) 영향을 미친다는 사실이 규명되었다. 추정에 따르면 미국 FRB의 정책금리가 10bp상승(하락) 변경될 경우 국내 10년물 국고채 금리는 7bp 상승(하락)하는 것으로 추정된다. 둘째, '08년 글로벌 금융위기 전 후를 나누어 실증 분석해 본 결과, 금융위기 이후 데이터에서는 1%의 유의수준으로 유의한 (+) 영향이 도출되었으나, 금융위기 이전 시기에서는 유의하지 못한 결과가 도출되었다. 셋째, 한 미 양국 간의 국고채 수익률 차이변수를 활용해 실증분석 해본 결과에 따르면 한 미 양국 간 국채수익률 차이는 통계적으로 1%의 유의한 (+) 영향을 받는 것으로 드러났다. 또한 본 연구에서는 Brunner(2000)의 연구에서 보고한 충격반응을 활용해 미국 FRB의 정책금리변수의 조정 영향이 국내 국고채 10년물에 어떠한 영향을 미치는가를 분석했다. 분석결과에 따르면, 미국 FRB의 정책조정변수의 영향력은 국내 10년물 국고채 시장에 12개월 정도 지속되는 것으로 나타났다.

• 서비스연구
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• 제10권4호
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• pp.71-88
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• 2020

CB(전환사채)는 주식전환권을 행사한 이후부터는 채권이 아닌 주식으로 변한다는 점에서 채권과 주식의 성격을 갖고 있는 메자닌 증권이다. 본 연구는 투자자 입장에서 CB의 투자효율성 정도를 실증규명하고 효율적인 투자방안을 제시하는 것이 연구목적이다. 연구방법은 CB종목별로 표면이자율, 만기이자율, 채권만기일, 전환가격, 전환청구일 등을 조사한 후, 전환청구일 이후 발행회사의 일별 주가변동과 연결하여 CB에 대한 투자의 효율성과 CB의 주식전환효과가 어느 정도인지를 계량적으로 파악하고자 하였다. 연구 결과, 전환가격초과일수비율이 전환 가능한 날짜의 1/4 정도에 불과하여 투자효율성은 낮은 것으로 분석되었다. 전환일수익률은 평균 -6.3%, 만기일수익률은 평균 -5.2%여서 평균적으로 minus 수익률을 보여 투자자 기대와 다르게 산출되었다. 전환일수익률이 minus인 종목수가 plus인 종목수보다 2.4배 많았으며, 만기일수익률이 minus인 종목수가 plus인 종목수보다 3.7배 많아서 CB의 주식전환 기대수익률은 낮은 것으로 분석되었다. 연구기여도는 CB의 기대수익률이 높지 않다는 문제점을 도출하였고, 투자자 입장에서 CB를 매입할 때 유의사항을 정립한 데 있다.

• Journal of the Korean Wood Science and Technology
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• 제20권1호
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• pp.23-27
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• 1992

81.9% of the cellulose delignified by acetosolv process was hydrolyzed in HCl-$AlCl_3$ hydrolysis system when $AlCl_3$ was used as catalyst in breaking down of glycosidic bond of cellulose. It was well compared that the HCl hydrolysis system without $AlCl_3$ as catalyst showed only 60~61% of the hydrolyzed yield. Also monosaccharide yield including glucose clearly increased when $AlCl_3$ was use. When concentration of HCl and $AlCl_3$ was increased, the hydrolyzed monosaccharide was increased within certain range. The monosaccharid yield out of the hydrolyzed reached 55.4% at optimum conditions which were identified as 20% of Hel solution, 0.03 Mol of $AlCl_3$, $120^{\circ}C$ of reaction temperature and 7 hours of reaction time employed in this study.

• Carbon letters
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• 제18권
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• pp.56-61
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• 2016

Cellulose fibers were stabilized by treatment with an electron-beam (E-beam). The properties of the stabilized fibers were analyzed by scanning electron microscopy, Fourier transform infrared spectroscopy, X-ray photoelectron spectroscopy, and thermogravimetric analysis. The E-beam-stabilized cellulose fibers were carbonized in N₂ gas at 800℃ for 1 h, and their carbonization yields were measured. The structure of the cellulose fibers was determined to have changed to hemicellulose and cross-linked cellulose as a result of the E-beam stabilization. The hemicellulose decreased the initial decomposition temperature, and the cross-linked bonds increased the carbonization yield of the cellulose fibers. Increasing the absorbed E-beam dose to 1500 kGy increased the carbonization yield of the cellulose-based carbon fiber by 27.5% upon exposure compared to untreated cellulose fibers.

• 한국구조물진단유지관리공학회 논문집
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• 제21권5호
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• pp.125-133
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• 2017

도심지 주차문제 해결에 있어 공작물 주차장이 주목을 받고 있다. 그러나 공작물 주차장은 전체 높이 8 m 이하로 건설되도록 규정되어 있다. 이에 본 연구에서는 층고 절감 및 장스팬화가 가능한 와이드 합성보를 대상으로 휨 및 전단성능을 평가하였다. 실험결과 보강철근(트러스 철근)은 휨강도에 영향을 미치지 않았다. 그러나, 보강철근이 없는 실험체의 경우 항복강도의 70%에서 슬립이 발생하여 기계적 부착능력이 저하되었다. 전단부착 실험결과 전단연결재가 없는 모든 실험체는 기계적 부착만으로 충분한 전단부착 성능을 가지지 못하므로, Flat Bar를 최소 2개 이상 설치하여야 한다.

• 한국약용작물학회지
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• 제16권6호
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• pp.439-445
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• 2008

This study was performed to investigate a methodology of improving immune activities of Berberis koreana Palibin by ultra high pressure on low temperature extraction process. Extraction yield was enhanced up to more than 35% by above process, compare to the control and extraction average. The cytotoxicity on human kidney cell (HEK293) was showed below 20.4%, 21.6% in adding 1.0 mg/ml of the highest concentration. Generally, the extracts by ultra high pressure extraction process showed less toxicity about 5% than the other processes. It could tell that toxic materials that existing in the plant could be reduced or broken by ultra high pressure process due to can be broken bond such the hydrogen bond, the electrostatic bond, the van der Waals bond, and the hydrophobic bond, can be broken by high pressure. The result could be employed to develop a new type of functional food from B. koreana Palibin by low temperature high pressure process.

• Computers and Concrete
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• 제22권2호
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• pp.167-182
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• 2018

The modeling of loss of bond between reinforcing bars (rebars) and concrete due to corrosion is useful in studying the behavior and prediction of residual load bearing capacity of corroded reinforced concrete (RC) members. In the present work, first the possibility of using different methods to simulate the rebars-concrete bonding, which is used in three-dimensional (3D) finite element (FE) modeling of corroded RC beams, was explored. The cohesive surface interaction method was found to be most suitable for simulating the bond between rebars and concrete. Secondly, using the cohesive surface interaction approach, the 3D FE modeling of the behavior of non-corroded and corroded RC beams was carried out in an ABAQUS environment. Experimental data, reported in literature, were used to validate the models. Then using the developed models, a parametric study was conducted to examine the effects of some parameters, such as degree and location of the corrosion, on the behavior and residual capacity of the corroded beams. The results obtained from the parametric analysis using the developed model showed that corrosion in top compression rebars has very small effect on the flexural behaviors of beams with small flexural reinforcement ratio that is less than the maximum ratio specified in ACI-318-14 (singly RC beam). In addition, the reduction of steel yield strength in tension reinforcement due to corrosion is the main source of reducing the load bearing capacity of corroded RC beams. The most critical corrosion-induced damage is the complete loss of bond between rebars and the concrete as it causes sudden failure and the beam acts as un-reinforced beam.