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An Empirical Study on Foreign Direct Investment of China and Vietnam and Firm Value - Focusing on the Moderation Effect of Cash Retention - (중국과 베트남 해외직접투자와 기업가치에 관한 실증연구 - 현금보유의 조절효과 분석을 중심으로 -)

  • Cho, Kook
    • Management & Information Systems Review
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    • v.36 no.3
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    • pp.113-130
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    • 2017
  • This study examines the effect of direct investment in Asia on firm value for nonfinancial firms listed on KRX between 2006 and 2015. We also explore whether the mediating effects of cashholdings the relationship between direct investment in Asian markets and corporate value. Recently, companies are increasing their cash holdings for risk management. Cashholdings are causing agent problems, which has a negative impact on corporate value. In this case, when the company conducts active investment activities such as foreign direct investment, it is possible to supply the appropriate funds in a timely manner, thereby cashholdings increase the possibility of success of foreign direct investment and alleviate the agent problem of cash holdings. For the analysis, the number of directly invested firms in Korean listed firms is used as the explanatory variables for the Chinese and Vietnamese markets where foreign direct investment is the most active, and cash holding is set as the moderating variable. As a result, direct investment in China and Vietnam showed a positive (+) relationship with firm value, and cashholdings have a positive the relationship between foreign direct investment and firma value. The implications of this paper are as follows. First, it is suggested that the direct value of direct investment can be enhanced the relationship between direct investment and firm value in Asia. In addition, it can be suggested that cash holdings play a role of effective investment supply in firms that implement foreign direct investment, positively affecting corporate value.

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The Effects of Parental and Peer Attachment in Elementary School Children on Early Adolescent Delinquency : The Mediating Role of Problem Behavior and Delinquent Peers (초등학교 아동의 부모애착과 친구애착이 남녀 청소년 비행에 미치는 영향 : 문제행동과 비행친구 유무의 매개효과)

  • Song, Ji-Young;Park, Seong-Yeon
    • Korean Journal of Child Studies
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    • v.31 no.3
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    • pp.51-66
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    • 2010
  • This study examined the effects of parental attachment and peer attachment in elementary school children upon early adolescent delinquency. The participants were 2,844 taken from data from the Korean Youth Panel Survey (KYPS). Data from secondary questionnaires data on parent and peer attachment, problem behavior, delinquent peers, and delinquency were used for this study. Data were analyzed by means of a Structural Equation Model using AMOS 5.0. Our results indicated that, firstly, parental attachment was negatively related to problem behavior for both male and female adolescents, whereas peer attachment was positively related to problem behavior only for males, but not for females. Secondly, problem behavior in childhood has a direct effect on adolescent delinquency, which also can be indirectly mediated by contact with delinquent peers. In conclusion, the path model from parental and peer attachment in early childhood to adolescent delinquency was supported only in the case of males.

A Study on the Numerical Methodologies of Hydroelasticity Analysis for Ship Springing Problem (스프링잉 응답을 위한 유탄성 해석의 수치기법에 대한 연구)

  • Kim, Yoo-Il;Kim, Kyong-Hwan;Kim, Yong-Hwan
    • Journal of the Society of Naval Architects of Korea
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    • v.46 no.3
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    • pp.232-248
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    • 2009
  • Numerical methodology to solve ship springing problem, which is basically fluid-structure interaction problem, was explored in this study. Solution of this hydroelasticity problem was sought by coupling higher order B-spline Rankine panel method and finite element method in time domain, each of which is introduced for fluid and structure domain respectively. Even though varieties of different combinations in terms of numerical scheme are possible and have been tried by many researchers to solve the problem, no systematic study regarding the characteristics of each scheme has been done so far. Here, extensive case studies have been done on the numerical schemes especially focusing on the iteration method, FE analysis of beam-like structure, handling of forward speed problem and so on. Two different iteration scheme, Newton style one and fixed point iteration, were tried in this study and results were compared between the two. For the solution of the FE-based equation of motion, direct integration and modal superposition method were compared with each other from the viewpoint of its efficiency and accuracy. Finally, calculation of second derivative of basis potential, which is difficult to obtain with accuracy within grid-based method like BEM was discussed.

Development of Nonlinear Programming Approaches to Large Scale Linear Programming Problems (비선형계획법을 이용한 대규모 선형계획해법의 개발)

  • Chang, Soo-Y.
    • Journal of Korean Institute of Industrial Engineers
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    • v.17 no.2
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    • pp.131-142
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    • 1991
  • The concept of criterion function is proposed as a framework for comparing the geometric and computational characteristics of various nonlinear programming approaches to linear programming such as the method of centers, Karmakar's algorithm and the gravitational method. Also, we discuss various computational issues involved in obtaining an efficient parallel implementation of these methods. Clearly, the most time consuming part in solving a linear programming problem is the direction finding procedure, where we obtain an improving direction. In most cases, finding an improving direction is equivalent to solving a simple optimization problem defined at the current feasible solution. Again, this simple optimization problem can be seen as a least squares problem, and the computational effort in solving the least squares problem is, in fact, same as the effort as in solving a system of linear equations. Hence, getting a solution to a system of linear equations fast is very important in solving a linear programming problem efficiently. For solving system of linear equations on parallel computing machines, an iterative method seems more adequate than direct methods. Therefore, we propose one possible strategy for getting an efficient parallel implementation of an iterative method for solving a system of equations and present the summary of computational experiment performed on transputer based parallel computing board installed on IBM PC.

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A Study on a Fuzzy Berth Assignment Programming Problem (퍼지 반박시정계획 문제에 관한 연구)

  • 금종수;이홍걸;이철영
    • Journal of the Korean Institute of Navigation
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    • v.20 no.4
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    • pp.59-70
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    • 1996
  • A berth assignment problem has a direct impact on assessment of charges made to ships and goods. In this paper, we concerned with of fuzzy mathematical programming models for a berth assignment problem to achieved an efficient berth operation in a fuzzy environment. In this paper, we focus on the berth assignment programming with fuzzy parameters which are based on personal opinions or subjective judgement. From the above point of view, assume that a goal and a constraint are given by fuzzy sets, respectively, which are characterized by membership functions. Let a fuzzy decision be defined as the fuzzy set resulting from the intersection of a goal and constraint. This paper deals with fuzziness in all parameters which are expressed by fuzzy numbers. A fuzzy parameter defined by a fuzzy number means a possibility distribution of the parameters. These fuzzy 0-1 integer programming problems are formulated by fuzzy functions whose concept is also called the extension principle. We deal with a berth assignment problem with triangular fuzzy coefficients and propose a branch and bound algorithm for solving the problem. We suggest three models of berth assignment to minimizing the objective functions such as total port time, total berthing time and maximum berthing time by using a revised Maximum Position Shift(MPS) concept. The berth assignment problem is formulated by min-max and fuzzy 0-1 integer programming. Finally, we gave the numerical solutions of the illustrative examples.

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Information Behavior in COVID-19 Prevention: Does Anxiety among Indonesian Mothers Have an Effect?

  • Zahara, Nadia;Hidayat, Z.
    • Journal of Information Science Theory and Practice
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    • v.10 no.4
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    • pp.23-37
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    • 2022
  • The pandemic of Coronavirus disease (COVID-19) has contributed more challenges for mothers as the family's primary caregiver in overcoming the widespread infection. Pandemic-related information is essential for mothers to reduce uncertainty as well as to maintain the health of family members during this unprecedented situation. Adopting the framework of the Situational Theory of Problem Solving, this study extends the theory by, first, testing the mediating role of COVID-19 anxiety on mothers' information seeking and information forwarding, referred to as active communication action of problem solving, as well as preventive behavior; and second, by predicting the effect of information seeking on preventive behavior. Referring to an online survey from 371 Indonesian mothers, the findings suggest that in terms of direct effect, only problem recognition was found to have no significant effect on situational motivation. The results suggest that Indonesian mothers perceive COVID-19 as personally relevant so that they are motivated to solve the problem by seeking and forwarding related information. In addition, COVID-19 anxiety was found to play a significant role in predicting information seeking, information forwarding, and preventive behavior. The result of this study is expected to give insights for risk communicators and health professionals in Indonesia in communicating COVID-19, particularly to mothers.

Collocation of Sensor and Actuator for Active Control of Sound and Vibration (능동음향진동제어를 위한 센서와 액추에이터의 동위치화 연구)

  • 이영섭
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.14 no.3
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    • pp.253-263
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    • 2004
  • The problem considered in this paper is about the collocation of sensor and actuator for the active control of sound and vibration. It is well-known that a point collocated sensor-actuator pair offers an unconditional stability with very high performance when it is used with a direct velocity feedback (DVFB) control, because the pair has strictly positive real (SPR) property. In order to utilize this SPR characteristics, a matched piezoelectric sensor and actuator pair is considered. but this pair suffers from the in-plane motion coupling problem with the out-of-plane motion due to the piezo sensor and actuator interaction. This coupling phnomenon limits the stability and performance of the matched pair with DVFBcontrol. As a new alternative, a point sensor and distributed piezoelectric actuator pair is also considered, which provides SPR property in all frequency range when the pair is implemented on a clamped-clapmed beam. The use of this sensor-actuator pair is highly expected for the applications to more practical active control of sound and vibration systems with the DVFB control strategy.

The Study for Characteristic of Direct Methanol Fuel Cell in Ambient Temperature (상온 상태에서 직접 메탄올 연료전지의 특성 연구)

  • Yun, Hyo-Jin;Kim, Jeong-Ju;Kim, Dong-Jin
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.5
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    • pp.955-961
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    • 2009
  • Present, a portable battery have problem that the volume increases according to capacity Increase. Direct Methanol Fuel Cell is alternative by solution plan of this problem. In this paper, the characteristics of DMFC are analyzed by change in concentration and discharge of fuel in natural convection and room temperature condition. According to the analysis result, polarization by delay of diffusion velocity of hydrogen ion appeared in methanol of low concentration. And if have a lot of supplies of methanol, generation power declines by electric cell cooling effect.

Development of a software based calibration system for automobile assembly system oriented AR (자동차 조립시스템 지향 AR을 위한 소프트웨어 기반의 캘리브레이션 시스템 개발)

  • Park, Jin-Woo;Park, Hong-Seok
    • Korean Journal of Computational Design and Engineering
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    • v.17 no.1
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    • pp.35-44
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    • 2012
  • Many automobile manufacturers are doing experiment on manufacturing environments by using an augmented reality technology. However, system layout and process simulation by using the virtual reality technology have been performed actively more than by using the augmented reality technology in practical use so far. Existing automobile assembly by using the augmented reality requires the precise calibrating work after setting the robot because the existing augmented reality system for the automobile assembly system configuration does not include the end tip deflection and the robot joints deflection due to the heavy weight of product and gripper. Because the robot is used mostly at the automobile assembly, the deflection problem of the robot joint and the product in the existing augmented reality system need to be improved. Moreover camera lens calibration has to be performed precisely to use augmented reality. In order to improve this problem, this paper introduces a method of the software based calibration to apply the augmented reality effectively to the automobile assembly system. On the other hand, the camera lens calibration module and the direct compensation module of the virtual object displacement for the augmented reality were designed and implemented. Furthermore, the developed automobile assembly system oriented AR-system was verified by the practical test.

Network Analysis on Ageing Problems : Identifying Network Differences between Types of Cities

  • Seo, Bojun;Lee, Soochang
    • International Journal of Advanced Culture Technology
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    • v.5 no.2
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    • pp.19-25
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    • 2017
  • The research is to identify social networks of problems that have an influence on the quality of ageing people's lives by using social network analysis, based on the premise that there are differences in networks of ageing problems in urban and rural areas. From analyzing network of ageing people's problems using NodeXL, vertices in the networks of both urban and rural areas are well-connected. For urban areas, financial poverty is the core problem related to the quality of life. It has direct connections with illness and health, family responsibility, housing, role loss in community, and employment, which have positive or negative interactions with the quality of older people's lives. For rural areas, on the other hand, role loss in community is the major problem. It has direct connections with the elderly abuse, financial poverty, leisure activity, divorce, isolation and loneliness from society, education, and suicide. As a result, the research shows that the problems of ageing people have strong linkages and interactive effects with a structure of network, and the networks are different depending on types of places for living.