• Journal of Distribution Science
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• v.13 no.9
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• pp.95-101
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• 2015

Purpose - This study provides evidence of the impact of the mandatory adoption of Korean equivalents to International Financial Reporting Standards (K-IFRS) on accounting quality. K-IFRS uses fair value as a basis of measurement and is characterized by principle-based standards. These characteristics can lead to a decrease in conservatism. Therefore, this study aims to examine whether or not there is a change in the level of conservatism before and after the enforcement of K-IFRS (2007~2014). By comparing 2007 through 2008 and 2013 through 2014 (excluding 2009 to 2012), we test "the temporary adjustment phenomenon" and document an overall decline in the degree of conservatism after the adoption of K-IFRS. Research design, data, and methodology - Our sample is comprised of data of all listed Korea Composite Stock Price Index (KOSPI) manufacturing distribution companies in Korea from 2007 to 2014, which yields the pooled sample of 4,412 (panel A) and 1,915 (panel B) firm-year observations for hypotheses 1 and 2. In line with recent literature, we adopt the Givoly and Hayn (2000) model, which recomputes the non-operating accruals, excluding two components that are most likely to capture the effect of restructuring activities: special items and gains or losses from discontinued operations. In addition, we also use these variables: SIZE, LEV, INV_CYCLE, ROA, OWN, and FOR. Results - Our sample period spans 2007 to 2014. This offers evidence on the effect of the mandatory adoption of IFRS on conservatism. Our findings can be summarized as follows. First, in panel A, for mandatory K-IFRS adoption (2011), we do not find any significant evidence of conservatism. We can guess that the "temporary adjustment phenomenon" is the reason that we do not find significant evidence of conservatism. Second, we investigate panel B from 2009 to 2012. We document an overall decline in the degree of conservatism after the adoption of K-IFRS. We can assume that these results are due to "the temporary adjustment phenomenon." Conclusions - This study finds that conservatism significantly decreased after IFRS adoption. In particular, this study makes the initial effort to elucidate "the temporary adjustment phenomenon" to analyze the effect of K-IFRS on conservative accounting. We argue that K-IFRS are conceptually conservative but that inappropriate application of the conservatism principles is likely to prevent financial reporting from reaching the level of conservatism targeted by the IASB. Overall, this paper contributes to the literature on IFRS and can be useful to capital market supervisors who are monitoring the trends of the firms implementing K-IFRS. Additionally, our results inform stakeholders of the potentially negative effect of the greater flexibility permitted by IFRS and/or lack of appropriate enforcement on key dimensions of accounting quality. This has important implications for Korean regulators and standard setters as they review the cost and benefits of IFRS. Our study also sheds light on the importance of the institutional environment in achieving the targeted objectives for improving financial reporting quality.

• Industrial Engineering and Management Systems
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• v.13 no.3
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• pp.289-296
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• 2014

With society becoming more advanced and complex, the required management engineering makes essential the development of human resources that can propose solutions for problems of new phenomena from a different perspective. As an example of such phenomena, we note a consumer electronics 'Eco-point' system campaign in this study. To mitigate global warming, revitalize the economy, and encourage the adoption of terrestrial digital compatible TVs, the consumer electronics Eco-point system campaign was implemented in May 2009 in Japan. In this study, we note a model which is constant term with exponential curve with notion of the growth phenomenon (Nakagiri and Kurita, Journal of the Operations Research Society of Japan, 2002). In our study, we call this model the 'differential equation model of the growth phenomenon.' This model represents a phenomenon with a hierarchical structure for capturing the properties of n species. In this study, we propose a new model which can represent not only the impact of largescale campaigns but also seasonal factors. Accordingly, we understand the phenomenon of fluctuation of sales of some products caused by large-scale campaigns and predict the fluctuation of sales. The final goal of this study is to develop human resources that can propose provision and solution for pre-consumption and reactionary decline in demand by understanding the impact of large-scale campaigns. As the first step of this goal, our objective is to propose a new regression method with different conventional perspective that can describe the fluctuation of sales caused by large-scale campaigns and show the possibility of new management engineering education.

• Journal of Distribution Science
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• v.18 no.3
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• pp.37-41
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• 2020

Purpose: The purpose of this paper is to examine the recent resurgence of popularism and the possible impacts it may have on contemporary business and economics. Research design, data and methodology: This is an exploratory case study that examines the rise of popularism and identifies and analyzes the likely implications for contemporary business and economics. Results: Although populists tend to reject elitism, capitalism, economic globalization, and political establishment, their ethnocentric behavior is no different from those of the corrupt political and economic elites. Popularism does enable nationalism and protectionism and negatively impacts business and economic growth. Conclusions: Popularism existed for a long time, and this phenomenon will continue to exist as long as a triggered mechanism exist, e.g., income inequality, resurgence of immigration, recession, insufficient factors of resources and social welfare. The recent rise of popularism is not a fad or a short-lived anti-establishment and anti-elitism movements but, rather, a force to be reckoned with in the near future. The rise of economic nationalism limits international trade, integration, and cooperation. As a result, international capital, service, and product flows will decline, and countries and multinational corporations have to develop and restructure their international supply and value chain to cope with this phenomenon.

• Journal of the Korea Society of Computer and Information
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• v.10 no.5 s.37
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• pp.109-114
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• 2005

Twofish cryptographic algorithm is concise algorithm itself than Rijndael cryptographic algorithm as AES, and easy of implementation is good, but the processing speed has slow shortcoming. Therefore this paper designed improved MDS block to improve Twofish cryptographic algorithm's speed. Problem of speed decline by a bottle-neck Phenomenon of the Processing speed existed as block that existing MDS block occupies Twofish cryptosystem's critical path. To reduce multiplication that is used by operator in MDS block this Paper removed a bottle-neck phenomenon and low-speed about MDS itself using LUT operation and modulo-2 operation. Twofish cryptosystem including modified MDS block designed by these result confirmed that bring elevation of the processing speed about 10$\%$ than existing Twofish cryptosystem.

• Journal of Forest and Environmental Science
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• v.32 no.2
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• pp.113-119
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• 2016

The long lived iteroparous conifers produce male and female gametophyte for hundreds of years once they reach the reproductive stage, however, the production of seed is not frequent. This phenomenon of infrequent seed production in conifers is yet to be understood. An attempt to study this change in cone production in Cedrus deodara of Western Himalayas -a species reported to be mainly monoecious and rarely dioecious has been made. The observations recorded on selected trees of flowering/fruiting stage for four years at four different locations have shown the species to be dioecious with higher percentage of female trees during good seed year but with no definite or predictable pattern of reproduction in the trees. A decline in production of female trees was witnessed at all but one location immediately year after reaching the maximum (good seed year). The phenomenon of seed production has been observed to be cyclic and site specific. A change in the sexual behavior of the trees from male to female or vice-versa, male or female turning monoecious or vegetative and vegetative coming to reproductive was unpredictable.

• Journal of the Korean Institute of Rural Architecture
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• v.21 no.3
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• pp.25-32
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• 2019

This study is to derive the types of displacement and damage that occur in wooden architecture cultural assets. Although the wooden architectural cultural assets are being repaired through continuous maintenance, secondary problems frequently occur. This is because the root cause of the problem has yet to be solved. The types of displacement and damage that occur in the wooden architecture cultural asset are classified into three parts: the foundation section, the gagu section, and the roof section. In turn, the three main factors that lead to displacement and damages are the structures' load impact, the durability deterioration, and the imbalance. Load impact is a phenomenon in which the member is subjected to a load that causes deformation or cracks. Durability decline is a natural phenomenon that reduces the performance of lumber as a result of check shake, termite damage, and decay. The imbalance is a condition in which the lumber is twisted and the force balance is lost, due to either drying shrinkage or displacement of the gagu section.

• Korean journal of communication and information
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• v.34
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• pp.7-33
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• 2006

This paper try to explain the phenomenon on convergence of broadcasting and telecommunication by the law of the tendential fall in the rate of profit. With the progressive decline in the variable capital in relation to the constant capital in the sphere of the telecommunication, this tendency leads to a rising organic composition of the total capital, and the direct result of this is that the rate of surplus-value, with the level of exploitation of labour remaining the same or even rising, is expressed in a steadily falling general rate of profit. The reason to apply this law is to inquire into the true state of the phenomenon on convergence of broadcasting and telecommunication showed like the disorderly development.

• Journal of Korean Society of Rural Planning
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• v.26 no.4
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• pp.41-52
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• 2020

The purpose of this study is to identify the conflict between residents and governments in partnership arising from the designation of National Important Agricultural Heritage for Damyang Samdari village and to suggest directions for improvement. To this end, residents of Samdari Village in Damyang, designated as an important national agricultural heritage, were interviewed. Interviews were analyzed through grounded theory, categorized into open coding, axial coding, and selective coding, and a paradigm model was constructed. Through this, the central phenomena of resident participation patterns currently appearing in the village were identified, and causal, contextual, and intervening conditions were analyzed. Causal conditions were analyzed as one-sided administrative treatment, assortment matching project, one-time plan, excessive dependence of residents and economic damages of residents at the beginning of the designation of national important agricultural heritage. As a result, conflict between residents and local governments occurred as a central phenomenon, and contextual conditions such as decline in the competitive of bamboo resources and frequent change in managers were also affecting the central phenomenon. As intervening conditions to alleviate the central phenomenon, there are local government's purchase of bamboo fields and fragmentary business effects. The action taken by the residents and officials in response to a fixed conflict is called an action-interaction strategy. Residents refused to change and settled in reality, and local governments avoided conflict. From the beginning of the designation to the present, the villagers gradually lost interest in the National Important Agricultural Heritage due to problems and conflicts that occurred in the process of forming a partnership in the National Important Agricultural Heritage project. Based on the analyzed model, a plan to build the partnership standards on Damyang bamboo field to secure the sustainability of the field and increase the practicality of resident participation, that is partnership, was suggested.

• Journal of Applied Reliability
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• v.7 no.4
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• pp.163-172
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• 2007

Phenomenon, such as hardening, cracking or breaking etc.. of PVC tape for wiring harness by aging were detected on driven automobile in field. Hardening or cracking of PVC tape were confirmed decline of elongation by surrounding stress. The accelerated heat aging test was carried out applying temperature most important factor of aging, and then deduced an equation of useful life using arrhenius model. Prediction method of useful life of PVC tape was developed using miner rule calculating damage value by thermal energy classified temperature by matching deduced equation of useful life and measured temperature value on driven automobile in field.

• Korean Journal of Human Ecology
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• v.17 no.3
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• pp.533-540
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• 2008

Since late 1990's the urban decline phenomenon has risen in most provincial cities in Korea. Many lively discussions have also risen about how to revitalize declined urban center. In small cities, especially resident participation is very important to revive their old vividness. The study then reviewed literatures published from 1995 to 2007 regarding resident participation in urban center revitalization for community reinvigoration. This study consists of four parts. The first part defined concepts of community and of resident participation, and included discussion about resident participation codes. In the second part, the problems about community formation and community facilities were scrutinized through preceding researches. The third and last parts suggested some propositions and strategies to draw resident participation into urban center revitalization.