• Title/Summary/Keyword: Convertible

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THE IMPACT OF EARNINGS AND DIVIDEND INFORMATION ON THE VALUATION CONSEQUENCES OF EXTERNAL FINANCING ANNOUNCEMENTS (손익 및 배당정보가 외부자금조달의 공시효과에 미치는 영향)

  • Choi, Do-Soung;Lee, Seong-Hyo
    • The Korean Journal of Financial Management
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    • v.11 no.2
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    • pp.175-193
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    • 1994
  • This paper relates the valuation consequences of common-stock, convertible-debt and straight-debt offering announcements to the issuing firms' stock price performance in periods before the announcements. Similar to previous studies on equity offerings, we find that the announcement effects of security offerings, regardless of offering types, are negatively correlated with the short-term pre-offering stock returns. We show that the informational impact of the preceding earnings and dividend(E/D) announcements account for the previous findings of the negative correlation. We further report that security issues following 'good-news' E/D announcements result in larger stock price declines than issues following 'bad-news' E/D announcements. The finding is consistent with the hypothesis that the E/D information affects the investors' assessments of the firm's cash flow expectations and of the probability of external financing.

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Development of Structural Health Monitoring System based USN for a Huge Infrastructure (USN 기반의 대형 사회 기반 시설물 계측 시스템 개발)

  • Kim, Tae-Bong
    • The Transactions of the Korean Institute of Electrical Engineers P
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    • v.65 no.1
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    • pp.7-12
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    • 2016
  • With due to the recent development of USN (Ubiquitous Sensor Network) technology, a monitoring system has been developing for assuring the structural integrity of infrastructure through normal or long term measurements during their lifetime. An accident such as a collapse of infrastructure may cause not only loss of life but also damage to the economy of the nation. In order to enhance the availability of infrastructure and to be able to maintain their lifetime, it is necessary to monitor and to evaluate continuously the structural integrity throughout their entire lifetime. The purpose of this paper is to develop a monitoring system integrated with evaluation function based on the ubiquitous technology. The most essential part of this study is focusing more on developing a specific module convertible to A/D, which is to enhance the applicability of sensors that had not been applied to existing monitoring systems. Conclusively it has been successfully enhanced to make more diverse the number of sensors and measuring techniques for the monitoring system.

Crystal Forms of Ketorolac

  • Sohn, Young-Taek;Seo, Hyun-Ok
    • Archives of Pharmacal Research
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    • v.27 no.3
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    • pp.357-360
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    • 2004
  • Four crystal forms of ketorolac have been obtained by recrystallization in organic solvents under variable conditions. Different ketorolac polymorphs and pseudo polymorph were characterized by X-ray powder diffraction crystallography (XRD), Differential scanning calorimetry (DSC) and thermogravimetric analysis (TGA). In the dissolution studies in water at $37{\pm}0.5^{\circ}C$ four crystal forms showed different patterns. The solubility of Form I were the highest. The solubility decreased in rank order: Form I> Form II > Form III > Form IV. Form land Form III were shown to have a good physical stability at room temperature for 60 days. However, Form II is converted to Form III and Form IV is converted to Form I after 60 days storage. Therefore, these observations indicate that crystalline polymorphism for ketorolac is readily inter-convertible and the relationship may have to taken into consideration in the formulation of the drug.

Origin of Chlorophyll ${\alpha}$ Biosynthetic Heterogeneity in Higher Plants

  • Kim, Jin-Seog;Rebeiz, Constantin A.
    • BMB Reports
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    • v.29 no.4
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    • pp.327-334
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    • 1996
  • In this study, the origin of the monovinyl chlorophyll a carboxylic biosynthetic route was investigated in barley (Hordeum vulgare L.) and com (Zea mays L.). Protoporphyrin IX accumulated in vivo or in vitro was found to be all of the divinyl form. Furthermore, the conversion of divinyl protoporphyrin IX to monovinyl protoporphyrin IX in vitro was not observed. In contrast, the biosynthesis and accumulation of monovinyl Mg-protoporphyrin IX and its methyl ester occurred in etiolated leaves and divinyl Mg-protoporphyrin IX was convertible to monovinyl Mg-protoporphyrin IX in vitro. These results suggest that the monovinyl chlorophyll ${\alpha}$ carboxylic biosynthetic route in plants may originate from the divinyl Mg-protoporphyrin IX pool.

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The research regarding the epicyclic gear system development for a rate of high-reduction embodiment (고감속비 구현을 위한 유성기어 시스템 개발에 관한 연구)

  • Han M.S.;Kim S.Y.;Park J.W.;Lee S.S.;Kim S.K.;Jeon E.C.
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2006.05a
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    • pp.347-348
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    • 2006
  • Among various gear system, planetary gear system has the best characteristics in high efficiency, excellent strength capacity, easy convertible speed control, and compact design aspect. Strength of gear is considered as the most important design factor. We have studied tooth form and the planetary gear system that have high reduction gear ratio is created by using the involute curve.

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Class-E CMOS PAs for GSM Applications

  • Lee, Hong-Tak;Lee, Yu-Mi;Park, Chang-Kun;Hong, Song-Cheol
    • Journal of electromagnetic engineering and science
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    • v.9 no.1
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    • pp.32-37
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    • 2009
  • Various Class-E CMOS power amplifiers for GSM applications are presented. A stage-convertible transformer for a dual mode power amplifier is proposed to increase efficiency in the low-output power region. An integrated passive device(IPD) process is used to reduce combiner losses. A split secondary 1:2 transformer with IPD process is designed to obtain efficient and symmetric power combining. A quasi-four-pair structure of CMOS PA is also proposed to overcome the complexities of power combining.

Factors Affecting the Introduction of the Internet by Fashion Companies (패션 기업의 인터넷 도입의도에 영향을 미치는 요인에 관한 연구)

  • Lee, Eun-Jin
    • Journal of the Korean Home Economics Association
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    • v.46 no.5
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    • pp.87-96
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    • 2008
  • The purpose of this study was to establish which factors were considered when fashion companies discussed the intention of employing the internet in various capacities. A total of 228 candidates were surveyed between 17-11-07 and 17-01-08. The collected data was used to conduct various descriptive and comparative analyses. Firstly, environmental factors considered important were internal pressure, external pressure and uncertainty of the market. Organizational factors considered important were support of the chief executive officer, capacity of the organization and future directivity. Profit factors considered important were elevation of the business, customer relationship management, advantage of the internet and reduction of expenses. Prohibitive factors considered important were miscellaneous expenses, secession of the customer, internal opposition of the organization and convertible expenses. Secondly, fashion companies regarded internal pressure, external pressure, support of the chief executive officer, capacity of the organization, future directivity, elevation of the business, customer relationship management, advantage of the internet and miscellaneous expenses as important when discussing the introduction of the internet.

3D/2D convertible color display based on modified integral imaging (집적 영상에 기반한 2차원 3차원 변환 가능 컬러 디스플레이)

  • Kim, Yun-Hee;Cho, Seong-Woo;Lee, Byoung-Ho
    • Proceedings of the KIEE Conference
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    • 2006.07c
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    • pp.1605-1606
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    • 2006
  • 본 논문에서는 집적 영상에 기반한 2차원/3차원 변환 가능한 디스플레이에서 기초 영상을 표시하는 투과형 디스플레이 소자로서 기존의 광변조기 대신 LCD (liquid crystal display) 패널을 사용하여 컬러 디스플레이를 구현하는 방법을 제안한다. 본 논문에서는 제안된 방법의 원리를 설명하고 실험 결과를 보여주도록 하겠다. 또한 예상되는 색 분산 문제점에 대하여 살펴보고 이의 원인을 분석하고 해결 방법을 제안하여 2차원/3차원 변환 가능한 컬러 디스플레이를 구현하는 방법에 대하여 논하도록 하겠다.

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A Research Trend on Utilization of the Byproducts(Lignin) from Bioethanol Production Process with Lignocellulosic Biomass: A Literature Review (목질바이오매스 에너지 부산물(리그닌)이용에 관한 연구 동향)

  • Kim, Yeong-Suk
    • Journal of Forest and Environmental Science
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    • v.27 no.3
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    • pp.183-194
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    • 2011
  • This study reviewed on the research trend of sources and utilization of the byproducts(Lignin) from bioethanol production process with lignocellulosic biomass such as wood, agri-processing by-products(corn fiber, sugarcane bagasse etc.) and energy crops(switch grass, poplar, Miscanthus etc.). During biochemical conversion process, only Cellulose and hemicellulosic fractions are converted into fermentable sugar, but lignin which represents the third largest fraction of lignocellulosic biomass is not convertible into fermentable sugars. It is therefore extremely important to recover and convert biomass-derived Lignin into high-value products to maintain economic competitiveness of cellulosic ethanol processes. It was introduced that lignin types and characteristics were different from various isolation methods and biomass sources. Also utilization and potentiality for market of those were discussed.

Enzymatic Properties of the Convertible Enzyme of Ginseng Saponin Produced from Rhizopus japonicus (Rhizopus japonicus가 생산하는 인삼 Saponin 전환효소의 효소학적 특성)

  • 김상달;서정훈
    • Microbiology and Biotechnology Letters
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    • v.17 no.2
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    • pp.126-130
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    • 1989
  • In 14 kinds of ginsenosides in ginseng saponin, ginsenoside Rbr is contained the most abundantly. But ginsenoside Rd which is similar to ginsenoside R $b_1$in structure, was known to be superior to ginsenoside R $b_1$pharmaceutically. The convertible enzyme which can transform ginsenoside R $b_1$to Binsenoside Rd specifically among ginseng saponin, was purified homogeneously from Rhizopus japonicus. The optimal pH for the action of the enzyme was pH 4.8 to 5.0, and optimal temperature was 45$^{\circ}C$. The enzyme was stable in the range of pH 4.0 to 9.0, and the half activity of enzyme was remained by the thermal treatment at 6$0^{\circ}C$ for 2 hours. The enzyme activity was enhanced by addition of M $n^{++}$ or Fe, though inhibited by EDTA or o-phenanthroline. On the substrate specificity, the enzyme was. able to hydrolyze gentiobiose, cellobiose, amygdalin and prunasin, but not to hydrolyze any other kinds of Binsenosides besides Binsenoside R $b_1$. Km values of the enzyme for ginsenoside R $b_1$, gentiobiose and amygdalin were 5.0mM, 4.8mM and 3.7mM, respectively.3.7mM, respectively.y.

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