• The Journal of Asian Finance, Economics and Business
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• v.7 no.11
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• pp.727-736
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• 2020

The purpose of this paper is to examine the relationship power distribution among several blockholders (contestability) and firm performance. We use a sample of 646 firms listed in the security markets of Korea from 2005 to 2007. Using different measures of contestability, we verify advance research literature by examining that, when power dispersion among several blockholders (contestability) increases, firm performance is enhanced. The results show that, when the possibility of a controlling coalition being formed among several blocks increases, the corporate value decreases. We also find that this relationship is even more significant in KOSDAQ. However, the smaller the competition of voting rights among blockholders, the higher the corporate performance in KOSPI. The reason for this seems to be that the two markets are different in terms of ownership and governance. This suggests that the effects of contestability among blockholders on firm performance depend on the type of the stock market. The results of this study expand the existing governance literature by analyzing the relationship between contestability among blockholders and firm performance in emerging markets such as Korea. Our findings contribute to policymakers and investors who are interested in the relationship between contestability of control and firm performance in the Korea stock market.

• Culinary science and hospitality research
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• v.13 no.4
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• pp.67-79
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• 2007

This study verified the relationship between the personality traits and the job preference in the foodservice industry. Questionnaire was held with targeting to the persons who engage in the foodservice industry, especially restaurants located in Seoul and Gyeonggi Province. Factor analysis, regression analysis, t-analysis and dispersion analysis were carried out as the methodology of this study to analyze the relation with the Big Five Theory of Personality, which includes agreeableness, conscientiousness, extraversion, openness to experience, and neuroticism and job preference. As a result, conscientiousness, openness to experience and neuroticism were founded as the meaningful factors of effect on the job preference. In order to promote the job preference in the foodservice industry, engagement of employees who have suitable personality traits should be considered as an important issue in result of this study.

• Transactions of the Korean Society of Mechanical Engineers B
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• v.36 no.9
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• pp.895-900
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• 2012

This paper aims to examine the effect of nanodroplets on pool-type absorption heat transfer enhancement and to find the relationship between the dispersion stability and the absorption performance. The concentrations of oil and surfactant are considered as the key parameters. $C_{12}E_4$ and Tween20 are used as the surfactants and N-decane oil is added to the $NH_3/H_2O$ solution to make the binary nanoemulsion fluids. Binary nanoemulsion fluids are dispersed by the ultrasonic vibrator and the stirrer under specific conditions. The dispersion stability of binary nanoemulsion fluids for each oil concentrations is evaluated from the droplet size and Tyndall effect analysis. The absorption performance of binary nanoemulsion fluids is compared with the result of dispersion stability. In addition, it is found that the binary nanoemulsion fluid is a strong candidate as a new working fluid for absorption applications.

• The Journal of the Korea Contents Association
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• v.20 no.2
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• pp.511-521
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• 2020

The purpose of this study is to research the effects of the same brand item sold online at different prices. To that end, the exploratory study is focused on four factors that influence price dispersion online is suggested. First, the products are divided into utilitarian products and hedonic products in line with the product concept, and laptops, washing machines are included in the utility concept products. Also the backpacks and sneakers are included in the hedonic concept products. A total of 400 effective objectives were selected and analyzed for each concept products, 200 objectives. The research analysis revealed that the price dispersion is significant relationship with an average price, the highest price, the lowest price, the year of release, the number of retailers, and the number of reviews in case of the utility concept product. On the contrary, in case of hedonic concept products, average price, highest price, lowest price, year of release, retailer, and reviews and ratings is found to be positively related to price dispersion. Based on these results, theoretical and practical implications are discussed about the influence price dispersion on marketing.

• Elastomers and Composites
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• v.43 no.4
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• pp.230-240
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• 2008

In order to synthesize polymer particle containing inorganic material, styrene and nbutylmetacrylate were copolymerized with alumina by dispersion polymerization. The ratio in weight of styrene to n-butyl methacrylate was 3:1. Poly(N-vinyl pyrrolidon) and 2,2'-azobis(isobutyronitrile) were added as stabilizer and as initiator, respectively. The change of particle size was investigated with concentration of initiator, the type of medium, the mixed solubility parameter (${\delta}_{mix}$) of medium, and coupling agent. The enhancement in concentration of initiator resulted in slight increase of particle size. The increase of polarizability in medium also yielded the increase of particle size. In case of changing the ratio of isopropanol to distilled water, we could find relationship of $[{\delta}_{mix}]^{-4.01}\;{\propto}$ particle size and $[{\delta}_{mix}]^{-0.83}\;{\propto}$ particle size distribution(PSD). The type and the concentration of coupling agent showed no effect on the particle size and PSD.

• Korean Journal of Remote Sensing
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• v.27 no.3
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• pp.213-223
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• 2011

The purpose of this study is to estimate the spherical wave parameters that appears in synthetic aperture radar (SAR) image acquired over the coast of Chukk, Micronesia. The retrieval of ocean wave parameters consists of two main stages: the first is to determine the dominant wavelengths by Fast Fourier Transform (FFT) over 16 sub-image areas and the second is to estimate wave slopes and heights using dispersion relationship under various water wave conditions. It is assumed that the spherical waves are linear and progressive. These type of waves have the range and azimuth components traveling in radial directions. The azimuth travelling waves are more affected by the velocity bunching mechanism and it is difficult to estimate the wave parameters for these affected areas in SAR imagery. In order to compensate these effects, the velocity bunching ratio (VBR) based on modulation transfer function (MTF) was compared with the intensity ratio for neighbor area in the radial direction in order to assign the spherical wave properties for azimuthally travelling waves. Dispersion relation provides the good estimates for the wave heights for all the selected sub-image areas in the range of 1m to 2m. VBR based on MTF was found to be 0.78 at wave height of 1.36m, while the intensity-based VBR was 0.69 which corresponds to the height of 1.75m. It can be said that the velocity bunching accounts for azimuthally travelling spherical waves and the difference results from the sea-bottom effects.

• Journal of Korea Technical Association of The Pulp and Paper Industry
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• v.30 no.3
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• pp.74-83
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• 1998

The phenomenon of decrease in sizing efficiency when the stock temperature is increased is well recognized as summer sizing, and this is believed to be caused by uneven distribution of sizing agents on paper surface most often incurred by coagulation of sizing agents. When unevenly sized paper is used as coating base stock, nonuniform consolidation of the coating layer may result, which, in turn, causes uneven distribution of binder on coating surface. This causes nonuniform ink absorption to produce print mottle. In this study the effects of simple or polymeric electrolytes, storage temperature and time on the coagulation of cationic dispersed rosin size were investigated using a turbidity measurement method which was verified to correlate well with the particle size of rosin emulsion or its coagulates. Handsheets sized with rosin dispersions coagulated under various conditions were prepared and their sizing degree and coated paper properties including gloss and ink density were examined. The relationship between the sizing nonuniformity of coated papers and its ink absorption property was evaluated. Turbidity of rosin emulsion increased as the storage temperature and time were increased. Addition of simple or polymeric electrolytes caused reduction in $zeta$ -potential of the rosin dispersion and accelerated the coagulation tendency substantially. Reversion of the $zeta$ -potential of rosin dispersion, however, did not occur when coagulation was induced with simple electrolytes. On the other hand, addition of an anionic polyelectrolyte reversed the $zeta$ -potential of the flocculated rosin dispersion. This indicated that electrical double layer compaction and bridging flocculation were coagulation mechanisms for simple and polymeric electrolytes, respectively. Sizing degree decreased as coagulation of rosin was increased. Paper gloss, ink gloss and ink density were increased when sizing degree of base stock was increased most probably due to prevention of base paper swelling and increased binder migration to coating surface. This suggested that uneven printing ink density occurred when uneven sizing development was induced by coagulation of rosin particles.

• Journal of Distribution Science
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• v.17 no.2
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• pp.5-11
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• 2019

Purpose - This paper examines how corporate social responsibility of the Korean retail industry affects the degree of asymmetric information. Recent theories predict that a firm's active engagement in socially responsible activities lowers the degree of asymmetric information of the firm. Research design, data, and methodology - This paper uses the sum of environmental and social scores (ES), published by the Korean Corporate Governance Service in order to proxy the degree of socially responsible management practices of Korean retail firms. This paper uses the ordinary least square method to investigate the above predictions. The publicly traded Korea retail firms listed in the Korean Exchange are analyzed from 2011 to 2016. To measure the degree of asymmetric information, this paper adopts the analyst dispersion and price impact measures. Results - This paper shows that the ES score has significantly positive relationships with these two measures of information asymmetry. The environmental score seems to increase the analyst dispersion measure and the social score appears to raise the price impact measure mores significantly. Conclusions - The results do not support the prior theory expecting a negative relationship between corporate social responsibility and the degree of asymmetric information. Environmental and social scores are found to affect the measures of information asymmetry differently.

• Proceedings of the Korean Society For Composite Materials Conference
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• 2004.10a
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• pp.272-277
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• 2004

The elastic waves in the plate are dispersive waves with the characteristics of Lamb waves. However, $S_0$ symmetric mode is less dispersive in the frequency region less than first cut-off frequency. And, in anisotropic plates such as CFRP plates, the propagation velocities vary with the direction. So, the wave vector direction to be the phase velocity direction is not accord with the energy flow direction to be the group velocity direction. In this work, the group velocities of the $S_0$ symmetric mode less than the first cut-off frequency was analyzed with the group velocity dispersion curves in unidirectional CFRP plate. And, the group velocity curve obtained by the group velocity dispersion curves are compared with the measured velocities as varied the propagation direction of the Lamb wave. The measured velocities are good agreement with the corrected group velocity curve except near the fiber direction which is called the cusp region. When the propagation direction is not accorded with the principal axis, the direction of the group velocities declines to the fiber direction in the unidirectional CFRP plates. This implies that the energy propagates preferentially toward fiber direction.

• Asian Journal of Atmospheric Environment
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• v.8 no.2
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• pp.96-107
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• 2014

Extreme recovery of the thermal energy from the combustion of flue gas may bring about early gas condensation resulting in the increased formation of nitric acid vapor. The behavior of the nitric acid formed inside the stack and in the atmosphere was investigated through a computer-aided simulation in this study. Low temperatures led to high conversion rates of the nitrogen oxide to nitric acid, according to the Arrhenius relationship. Larger acid plumes could be formed with the cooled flue gas at $40^{\circ}C$ than the present exiting gas at $115^{\circ}C$. The acid vapor plume of 0.1 ppm extended to 25 m wide and 200 m high. The wind, which had a seasonal local average of 3 m/s, expanded the influencing area to 170 m along the ground level. Its tail stretched 50 m longer at $40^{\circ}C$ than at $115^{\circ}C$. The emission concentration of the acid vapor in the summer season was a little lower than in the winter. However, a warm atmosphere facilitated the Brownian motion of the discharged flue gas, finally leading to more vigorous dispersion.