• Title/Summary/Keyword: Book Building

검색결과 123건 처리시간 0.028초

코스닥시장에서의 신규공모주의 장기성과 분석 -수요예측제도 도입 후를 중심으로- (The Analysis of Long Term Performance of Initial Public Offerings in KOSDAQ Market)

  • 신연수;서충원;신용재
    • 경영과정보연구
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    • 제28권1호
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    • pp.25-44
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    • 2009
  • 신규공모주(initial public offerings)는 기업의 중요한 자금조달 수단 중 하나에 속한다. 우리나라는 그 동안 신규공모주의 공모가를 산정하는 절차 및 제도에 많은 변화를 겪어 왔다. 특히 수요예측제도(book building)는 신규공모주의 공모가를 결정하는 방식에 있어서 획기적인 변화를 초래하였다고 볼 수 있다. 이에 본 연구는 코스닥시장을 대상으로 수요예측제도 도입 이후의 신규공모주의 장기성과를 분석한다. 본 연구에서는 분석결과에 신뢰성을 제고하고자 이벤트타임 포트폴리오(event time portfolio) 접근법과 더불어 캘린더타임 포트폴리오(calendar time portfolio) 접근법을 이용하여 신규공모주의 장기성과를 측정하였다. 본 연구의 결과는 다음과 같다. 이벤트타임 포트폴리오 접근법인 보유초과수익률(BHAR)과 누적초과수익률(CAR)을 이용한 분석에서 신규공모주의 장기성과가 통계적으로 유의한 양(+)의 값을 보이며, 왜도(Skewness)를 조정한 통계검정에서도 동일하게 나타났다. 또한, 상대적 부(Wealth Relatives)의 경우 대부분의 기간에서 1보다 크게 나타나 양(+)의 장기성과를 보였다. 캘린더타임 포트폴리오 접근법인 Fama-French의 3요인 모형, 캘린더타임 초과수익률(CTAR), RATS(Return Across Time and Securities) 모형 등을 이용한 분석결과, 신규공모주의 초과수익률이 대체로 유의한 양(+)의 값을 지니는 것으로 나타났다. 이러한 결과는 벤처기업 여부와 관계없이 모든 집단에 동일하게 나타남이 확인되었다. 따라서 본 연구결과는 신규공모주의 장기성과가 저평가되었다는 기존의 대다수 주장과 달리, 신규공모주가 장기적으로 고성과를 지닌다는 주장을 지지한다.

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『오주연문장전산고』 사전(祀典)의 건축 관련부분 해석과 연구 (A Study on the Texts Related to Ancestral Ritual Building in 『Ohju Yeonmun Jangjeon Sango』)

  • 백소훈
    • 건축역사연구
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    • 제21권6호
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    • pp.45-52
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    • 2012
  • "Ohju Yeonmun Jangjeon Sango" written by Lee, Gyu-gyeng is one of the most important encyclopedias in the period of Chosun-Dynasty. There are two chapters related to architecture in this book, one is "ancestral rite governance·human"chapter, and the other is "architecture·human" chapter. Both of them are hard to understand because they are written in ancient Chinese and consist of various quotations in ambiguous way. This paper as a partial study is deal with the former. It makes difference between writter's original texts and quotations through textual research, and translates to modern Korean, and analyze information about ancient architecture in texts. The texts can divide to three sections. The first introduces three Chinese architectural theory books as "Gogonggi(考工記)", "Yeongjo Beopsik(營造法式)" and "Mokgyeng(木經)", and mentions about the prototype of the royal ancestral ritual building in "Gogonggi Toju(考工記圖注)". The second quotes "Seoyeong(書影)" to introduce "Yeongjo Beopsik". The third quotes "PaePyeon(稗編)" to introduce "Yeongjo Beopsik" and "Mokgyeng", and mentions about the counting unit of columns of the royal ancestral ritual building. Although the purpose for these quotations is not directly mentioned, but we can find it is intended to explain the architectural prototype and lay-out of the royal ancestral ritual building.

A BUMPING ALGORITHM ON THE SHIFTED RIM HOOK TABLEAUX

  • Lee, Jae-Jin
    • Journal of applied mathematics & informatics
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    • 제6권3호
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    • pp.901-914
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    • 1999
  • In [6] Schensted constructed the Schensted algorithm giving a bijection between permutations and pairs of Young standard tableaux. After knuth generalized it to column strict tableaux in [3] various analogs of the Schensted algorithm came. In this paper we describe the bumping algorithm on the shifted rim hook tableaux which is the basic building block of the Schensted algorithm for shifted rim book tableaux.

긴급제언: BIM 소개 (BIM(Building Information Modeling))

  • 조한광
    • 기술사
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    • 제43권5호
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    • pp.31-34
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    • 2010
  • To construct buildings methods and materials written on the book have been operated and managed with additional program as well as management techniques. However with 2D, a tool which has been used to design a plan, or simple 3D modeling weren't competent enough to plan, design and manage the buildings that are getting complex and higher To solve these problems BIM that enable steps(from planning, designing to maintenance management) to be used as a information is being used.

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미국(美國) 북장로회(北長老會) 청주선교부(淸州宣敎部) 건축(建築)의 형성(形成)과 특성(特性) (A Study on the Formation and Character of Cheong Ju Presbyterian Missionary Architecture from 1900 to 1945)

  • 도선붕;한규영
    • 한국농촌건축학회논문집
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    • 제3권1호
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    • pp.25-40
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    • 2001
  • In this study, I investigate the formation process of the American presbyterian missionary architecture in Cheong Ju area from 1900 to 1945, which we may think 'the part of Korean modern architecture'. I have examined and analyzed the 18 buildings for the sake of the interpretation with the words of formation process and characteristics . And I can put my idea in order as follows. Firstly, the formation process is 1) buy and modify a Korean style (thatch or tile roofed) building for their need and use it as a gate quaters or house, church, hospital, school, book store, 2) build a Korean style (tile roofed) building and use it-house, hospital, school, 3) build a Western style (timber structured and zinc roofed) building and use it- church, 4) build a Western style (masonry structured and tile or zinc roofed) building and use ithouse, church, school and hospital. Secondly, the characteristics is 1) In the Korean style building, the missionaries change into the function to match with their purpose. they modify the Korean style timber structure by influx of building material-brick, glass, carpet etc. they occupy into the Korean existing residential area. 2) In the Western style building, the missionaries build the house correspond with their living pattern. they build the church with the eclectic of Western and Korean timber frame. and also build the house and hospital with the eclectic of Western and Korean masonry structure. their building located in the isolate hill separated from the existing Korean residential area.

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인공신경망과 유전적 프로그래밍을 이용한 선체 곡가공 M/H 추론 및 비교 (Shell platings manufacturing M/H inference and comparison using Artificial Neural Network and Gentic Programming)

  • 신용욱;하득기;조문희;김수영
    • 한국해양공학회:학술대회논문집
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    • 한국해양공학회 2003년도 추계학술대회 논문집
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    • pp.163-166
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    • 2003
  • Hull form designers have to design a ship with satisfying an economical, technical and environmental demand. When it is concerned by a technical and environmental demand, there will be a economical demand left to criticize optimization. In this case, there were used to be requirements which needs to meet only a best performance not concerning about input of Human resource. Life cycle's cost contains building cost and operation cost so that now we need to check Man Hour cost in building a ship. This research shows a correlation between hull form information, i.e. curvature, length, breadth and thickness of surface and Man Hour of the Shell plating manufacture with using Artificial Neural Network and Gentic Programming. This study will support to classify initial work, to have a high assumption possible through predicting a Man Hour and to provide a guide book to infer a building cost and a economical optimization hull form.

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19세기 중엽 동래부 관아(官衙)의 유지와 관리 (A study on the Maintenance and management of Dongnaebu Government Office building as seen through Official Documents in the mid-19th century)

  • 송혜영
    • 건축역사연구
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    • 제31권5호
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    • pp.21-34
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    • 2022
  • This study investigated the maintenance and management of government office building in Dongnaebu, Gyeongsangdo in the mid-19th century. In the late Joseon Dynasty, Dongraebu was an important point of national defense and a place of trade and diplomacy with Japan, so it had many government facilities. There are very few government facilities remaining today, and no structure remains. Therefore, it is possible to grasp information about the government facilities through the old materials. Currently, there are public documents related to the local government offices such as Eupji, Eupsarye, and Junggi. Through comparison between public documents, we will examine the maintenance and management of Dongnaebu government facilities in the mid-19th century. As a result of the research, Dongnaebu government facilities were supervised by department and managed like articles. In addition, the name, size, and changes were all recorded in the management of the goods, and the authority of responsibility was clearly stated. This result is because the remaining material has the purpose of preparation as an accounting book. As a result, it was found that the government facilities in the late Joseon Dynasty were managed by a systematic department with clear authority.

영어도서관 마케팅과 도서관 주도 독서프로그램 도입에 관한 연구 (A Study on English Library Marketing and Reading Programs)

  • 오경묵
    • 정보관리학회지
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    • 제26권4호
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    • pp.299-318
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    • 2009
  • 한국사회와 도서관계에 변화의 가속화가 요구되는 현 시점에서는 도서관경영을 보다 현실적 상황을 고려하여 운영하는 전략을 수립할 필요성이 있으며, 특성화사업을 통해 새로운 마케팅 기법을 적극적으로 도입할 필요가 있다. 수요를 창출하는 경영기법을 ‘마케팅'이라고 한다면 앞으로 수요가 확산될 서비스나 프로그램 중 하나가 영어독서와 영어도서관 설치에 대한 관심사라 할 수 있다. 이러한 현상을 최근 신문기사를 통해 개인, 기관 및 사교육기관 별로 정리 분석하였다. 분석결과 제시된 독서방식을 국내 도서관의 활성화 방안 중 하나로 적용하기 위하여 전통적인 자율독서프로그램을 국내 상황에 맞게 새롭게 분석, 전개하였다.

Does the Pricing Mechanism Affect the IPO Flipping Activity in Pakistan?

  • ANWAR, Ayesha;MOHD-RASHID, Rasidah
    • The Journal of Asian Finance, Economics and Business
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    • 제8권1호
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    • pp.237-246
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    • 2021
  • This paper explores the relationship between price mechanism and flipping activity of initial public offerings (IPOs) in Pakistan's emerging economy. This study uses a cross-sectional data set of 95 firms listed on Pakistan Stock Exchange from 2000 to 2019. This study employs the ordinary least square and quantile regression techniques to capture the relationship between price mechanism and flipping activity. The results show that book-built IPOs flip substantially less than fixed-price IPOs. This is consistent with the signaling theory assertion that roadshows are arranged by underwriters to capture investors' demand and set the offer prices of IPOs. If investors learn the fair values of quality IPOs, then the offer prices will be close to the intrinsic values, thus reducing flipping. The findings also provide conclusive evidence for understanding the usefulness of and the more relevant information regarding the pricing mechanism. In particular, it provides a better understanding of how companies actually use the pricing mechanism information in the flipping of IPO shares. The results of this study are also valuable to underwriters, and regulators, for instance, provides underwriters with the discretion to allocate the IPO shares and the SECP, in revising regulation on the disclosure of IPO pricing methods.

The Smart Platform for Understanding the Extraordinary of the Our'an

  • Almarhabi, Khalid Ali
    • International Journal of Computer Science & Network Security
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    • 제21권12호
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    • pp.29-34
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    • 2021
  • The Qur'an is regarded as the holy book by Islam followers; they assert that God wants humankind to understand its meanings and implement best practices. Numerous individuals have attempted to understand the meaning of its verses and explore its Extraordinary Vocabulary; however, few people successfully studied and researched the different meanings of that holy text. Only a limited segment of the society comprising scholars, students, and intellectuals have grasped the teachings of the Qur'an. A majority of the general population, specifically youngsters, spend ample time using mobile phones. In this context, many innovative educational platforms have recently been launched to attract the general public to learn and use knowledge. Research has provided the positive impact of such smart platforms. This concept is about an innovative smartphone platform to help users understand and reason the Qur'an by helping with the book vocabulary explained by expert scholars. This work proposes creating an engaging digital format using innovative technologies. This idea is inspired by youngsters who demonstrate an immense interest in online learning. Qur'an vocabulary is the prerequisite to building a better understanding that allows users to get precise meaning.