• Communications for Statistical Applications and Methods
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• v.8 no.1
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• pp.219-227
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• 2001

Another approach (multi-parameter measurement method) of interlaboratory studies of test methods is presented. When the unrestricted normal likelihood for the fixed latent variable model is unbounded, we propose a me쇙 of restricting the parameter space by formulating realistic alternative hypothesis under which the likelihood is bounded. A simulation study verified the claim of conservatism of level of significance based on assumptions about central chi-square distributed test statistics and on Bonferroni approximations. We showed a randomization approach that furnished empirical significance levels would be better than a Bonferroni adjustment.

• 대한예방의학회:학술대회논문집
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• 1994.02a
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• pp.439-439
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• 1994

• The Journal of Asian Finance, Economics and Business
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• v.6 no.3
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• pp.9-18
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• 2019

The purpose of this study is to investigate the relation between conservative loan loss accounting practice of banks, defined as accounting behavior that increases loan loss allowances against expected credit losses, and bank lending. Furthermore, we specify the macroeconomic conditions reflecting debtors' borrowing environments and analyze how these conditions affect the relation between conservative loan loss allowances and bank lending. Although existing literature reports that accounting conservatism has a direct effect on non-financial firms' investment behavior, there is little evidence about an effect of conservatism on banks' lending behavior. By exploiting data showing the links between individual Japanese firms and their individual lenders to control both loan demand and supply, we estimate OLS regressions to test the relationships among conservative loan loss allowance, bank lending, and macroeconomic conditions using a unique dataset containing bank-firm-year observations between 2001 and 2013. We find banks that have conservative loan loss allowances tend to provide fewer loans to firms with financing needs when macroeconomic conditions are good and these conservative banks are likely to provide more loans to firms when macroeconomic conditions are bad. Our findings suggest that reflecting expected credit loss into loan loss allowances can mitigate the procyclical behavior of banks.

• Journal of the Korean Society of Systems Engineering
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• v.13 no.1
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• pp.25-31
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• 2017

This paper aims to evaluate the conservatism in the design of APR1400 (Advanced Pressurized water Reactor 1400 designed by KHNP) reactor internals component, the LSS (Lower Support Structure). Re-engineering of the LSS is done based on the system design condition data and applicable ASME code that was used for the original APR1400 design. Systems engineering approach is applied to design the LSS of APR1400 without refering APR1400 LSS dimensional parameters and tries to verify important design parameters of APR1400 LSS as well as the validity of the re-engineering design process as independent verification method of reactor component design. Systems engineering approach applied in this study following V-model approach. The re-engineered LSS design showed more than enough conservatism for static loading case. The maximum deflection of LSS is under 1mm (calculated value is 0.25mm) from 4000 mm diameter of LSS. Hence the deflection can be ignored in other reactor internals for structural integrity assessment. Especially the effect of LSS deflection on fuel assembly can be minimized and which is one of the main requirements of LSS design. It also showed that the maximum stress intensity is 2.36MPa for the allowable stress intensity of 60.1 MPa. The stress resulted from the static load is also very small compared to the maximum allowable stress intensity, hence there is more than enough conservatism in the LSS design.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.2
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• pp.53-64
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• 2020

We provide one of the first investigation on the impact of the degree of total leverage to the dividend policy of bank. We use a large sample of US bank holding companies from 2000:Q1 to 2017:Q4 to shed light our research question. Our empirical analysis provides consistent evidence that banks with high degree of total leverage (i.e. banks with a relatively high fixed-to-variables costs) are less likely to pay dividends, and they spend a lower fraction of incomes to pay back shareholders, suggesting a higher conservatism in dividend policy of banks subject to high degree of total leverage. The evidence remains unchanged with alternative econometric approaches, alternative measures of dividend policy and degree of total leverage. We further document that this higher conservatism is strengthened for a sample of banks with low franchise value during the financial crises. Our result suggests that the conservatism in dividend policy of banks with high degree of total leverage seems to be related to the precautionary motives aimed at preserving corporate resources under financial distress. Our study contributes to the literature of cost structure and dividend policy by pointing out that the impacts of the degree of fixed-to-variable expenses to dividend policy are extended to the case of banks.

• Journal of Korean Philosophical Society
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• no.97
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• pp.5-31
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• 2012

Confucius has been viewed as a conservative thinker. Quite a few scholars even argued that it was Confucius who laid the foundations stone of the conservative tradition of Chinese politics. No matter how one defines "conservatism," it seems clear that the relevant passages in the Analects support such interpretation. However, Lothar von Falkenhausen, an archeologist, recently argued that what Confucius upheld as venerable tradition was not a distant past but Confucius own times. This paper attempts to resolve the contradiction between the archeological evidence of Falkenhausen's claim and the textual evidence of the Analects through closer reading of the evidence.

• Korean Journal of Legislative Studies
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• v.15 no.1
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• pp.209-235
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• 2009

This articles examines a war of history among American conservatives over the survival strategies of the Republican Party. The traditionalists 'construct' and employ a history originating from Goldwater's libertarianism for criticizing the Bush administration and calling for the restoration of conservative principles of limited, small government. The reformists counter with a history of repeated failures of building "conservatism of the working class."

• International Area Studies Review
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• v.22 no.3
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• pp.121-148
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• 2018

This paper examines the role of accounting conservatism on investment expenditure for non-financial Korean listed firms around the 2007-2008 global financial crisis using a differences-in-differences design. Specifically, this paper examines the association between an ex ante classification of firms by their level of accounting conservatism prior to the credit crisis and the ex post magnitude of the decline in investment. Consistent with prior literature, this study found that firms experienced a decline in their investment when hit by the financial crisis (Campello et al. 2010). And also this study found that firms with more conservative financial reporting experienced a smaller decline in investment activity following the financial crisis than did firms with less conservative financial reporting. Together, the results suggest that negative shocks to the supply of external finance hampers firm-level investment and that conservative financial reporting can lessen the sensitivity of firms' investment to such negative shocks. Next, this study shows that the magnitude of our findings is greater for firms more likely to suffer from underinvestment (as opposed to overinvestment). Firms that are financially constrained or have greater demand for external finance are more likely to experience underinvestment. Consistent with the predictions, this study finds stronger benefits of conservatism for firms that face relatively greater costs in raising external capital (i.e., financially constrained firms) or that have a relatively greater need to do so (i.e., firms that lack internal financial resources). This study also finds that the role for conservatism is greater in firms with a higher level of information asymmetry, consistent with the notion that conservatism mitigates financing frictions arising from information problems.

• Journal of the Korean Society of Costume
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• v.52 no.4
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• pp.25-38
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• 2002

The purpose of this study was to investigate the relationship between lifestyle and the evaluative criteria of the Korean traditional costume, Hanbok and saenghwal hanbok. The questionnaires were administered to 291(men:.102,Women:189) university students in Seoul. Data were analysed by factor analysis, correlation coefficient, t-test. The results were as follows : 1) Factor analysis was used to determine the dimensions of the evaluative criteria of Hanbok, Saenghwal Hanbok and life style characteristics. The evaluative criteria dimensions were found to be different according to Hanbok. Saenghwal Hanbok. 2) In Hanbok, evaluative criteria were classified into comfort & easy care, prestige, design, fashion, suitability to yourself. 3) In Saenghwal Hanbok. evaluative criteria were classified into prestige, ease of care, design., appropriateness, brand. 4) The life style characteristics were classified into independence, activism. conservatism, and materialism. 5) There were the significant relationships between life style factor and clothing evaluative criteria. Especially for design in Hanbok and Saenghwal Hanbok was negative relationship with conservatism and positive relationship with activism. materialism. and Independence.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.62 no.5
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• pp.673-678
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• 2013

This paper considers the stability of linear systems having an interval time-varying delay using a switched system approach. The time-delay system is converted to the switched system equivalently, and then a stability criterion in the form of linear matrix inequality(LMI) is derived by using a parameter dependent Lyapunov-Krosovskii function(PD-LKF). In constructing a PD-LKF, the decomposition is employed for delay free intervals, and the reduction of conservatism is shown analytically as the number of decomposition increases. Finally, two well-known numerical examples are given to show the reduction of conservatism compared to the recent results.