• 국제지역연구
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• 제20권3호
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• pp.123-144
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• 2016

This paper investigates the linkages between returns both in foreign exchange and stock markets, and uncertainties in two markets using daily data for the period of 16 July 2004 to 30 June 2014 in Nepalese economy. Four hypotheses are tested about how uncertainty influences the stock index and exchange rates. From the empirical results, a bivariate EGARCH-M model is the best to explain the volatility in the two markets. There is a negative relationship from the exchange rates return to stock price return. Empirical results do provide strong empirical confirmation that negative effect of stock index uncertainty and positive effect of exchange rates uncertainty on average stock index. GARCH-in-mean variables in AR modeling are significant and shows that there is positive effect of exchange rates uncertainty and negative effect of stock index uncertainty on average exchange rates. Stock index shocks have longer lived effects on uncertainty in the stock market than exchange rates shock have on uncertainly in the foreign exchange market. The effect of the last period's shock, volatility is more sensitive to its own lagged values.

• 무역학회지
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• 제45권5호
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• pp.201-222
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• 2020

This paper examines that determinants of BAOMAI, (i.e., behavior of Chinese tourist bulk purchase in duty free shop) with analytical framework and empirical tests. The results of applying the structural equation modeling to 196 samples suggest that Chinese tourist consumption orientations (conspicuous/compulsive/unplanned consumption) have a positive effect on BAOMAI decision value chain (perceived value and loyalty). The marketing mix of duty free shop as control variables in research framework also have a positive effect on BAOMAI perceived values (functional/social/emotional value). This paper has a contribution to prior literatures: the first empirical analysis on BAOMAI determinants with exploring scholarly definition.

• The Journal of Asian Finance, Economics and Business
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• 제9권5호
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• pp.135-145
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• 2022

To improve audit quality, certain Chinese auditing firms have added a third-level review by an additional signing auditor to the general evaluation by a signing auditor team consisting of an engagement auditor and a partner. Nonetheless, our research-based on 36,033 firm-year observations from 2004 to 2019 reveals that compared to the general review system, auditor teams under the three-level review system are less likely to issue modified audit opinions when abnormal financial conditions arise. This finding suggests that, while larger auditor teams' knowledge, experience, and information advantages can theoretically sharpen their judgment, their performance is more susceptible to interference from divergent opinions, the diffusion of responsibility, and lower energy invested by individual auditors, ultimately impairing their judgment regarding the audited enterprises' abnormal financial conditions. That is, the three-level review system, which aims to improve audit quality, actually worsens audit quality. This conclusion remains valid after the problems of heteroscedasticity and endogeneity are addressed by using firm-level cluster robust standard errors and two-stage regression. We hope that our research will draw the attention of auditing firms, prompting them to reconsider the rationality of the three-level review system.

• Advances in environmental research
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• 제9권4호
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• pp.295-312
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• 2020

The earlier literature widely documented the role of natural resources in economic development and confined their findings either in support of resource blessing growth or resource curse hypothesis. The ample research on the stated theme has available in the relevant databases, supported with empirical data, while a few studies used a case study or mixed-method approach. The study identified plenty of room on a given topic by conducting a systematic literature review and synthesizing the literature in more meaningful inferences. After a thorough investigation of the literature review through systematic intervention, the study concludes that natural resource management is imperative for a country's sustained growth. Simultaneously, it is desirable to reduce resource conflicts, improve institutional performance, decrease corruption, and stabilize the political environment to get maximum natural resource management potential globally.

• Journal of Smart Tourism
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• 제3권3호
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• pp.5-15
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• 2023

Given the increasing information overload among users of online review websites, understanding the manner in which cognitive costs are reduced and efficient information is made reliable has become increasingly important. This study targets a unique consumer review design and explores how reviews from an external peer-to-peer site embedded in an online travel agency (OTA) website influence subsequent evaluation behaviors. The empirical results indicate that (1) embedded external reviews with a high average valence tend to strengthen the influence of the positive evaluation ratio while diminishing the effect of the review volume, and (2) embedded external reviews with a large variance strengthen the positive effect of the review volume while weakening the effect of the positive evaluation ratio on subsequent positive evaluations. The findings provide practical insights for consumers and online platforms.

• 한국분무공학회지
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• 제18권1호
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• pp.35-43
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• 2013

The empirical correlations for the prediction of breakup length of liquid jet in uniform cross flow are reviewed and classified in this study. The breakup length of liquid jets in cross flow was normally discussed in terms of the distances from the nozzle exit to the column breakup location in the x and y directions, called as column fracture distance and column fracture height, respectively. The empirical correlations for the prediction of column fracture distance can be classified as constant form, momentum flux ratio form, Weber number form and other parameter form, respectively. In addition, the empirical correlations for the prediction of column fracture height can be grouped as momentum flux ratio form, Weber number form and other parameter form, respectively. It can be summarized that the breakup length of liquid jet in a cross flow is a basically function of the liquid to air momentum flux ratio. However, Weber number, liquid-to-air viscosity ratio and density ratio, Reynolds number or Ohnesorge number were incorporated in the empirical correlations depending on the investigators. It is clear that there exist the remarkable discrepancies of predicted values by the existing correlations even though many correlations have the same functional form. The possible reasons for discrepancies can be summarized as the different experimental conditions including jet operating condition and nozzle geometry, measurement and image processing techniques introduced in the experiment, difficulties in defining the breakup location etc. The evaluation of the existing empirical correlations for the prediction of breakup length of liquid jet in a uniform cross flow is required.

• 인간식물환경학회지
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• 제24권1호
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• pp.1-16
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• 2021

Background and objective: People-nature experiences, which suggest that humans seek connections between nature and other forms of life, were presented by biologist E. O. Wilson in 1984. Biophilic design attributes support environments that can improve human connections to nature. A significant amount of literature on environmental psychology provides empirical evidence that nature benefits humans, and that practical landscape and built environments can be designed to link humans and nature (e.g., the 14 biophilic design patterns). To date, however, there has been no well-done research on reviewing the health benefits of biophilic design. Methods: The paper provides a narrative review on biophilic design and human health. The scope of this article is limited to biophilic-design books and peer-review articles related to "biophilic design," "evidence-based," "benefits," "health," rather than an attempt to identify universal issues with biophilia hypothesis. Results: A total of 45 papers were included in our review, which was related to the top five biophilic design patterns and design: the presence of natural images, the presence of plants, visual and non-visual connections to nature, and material connection with nature. These studies were related to physiology and psychology through direct or indirect connections with nature and experiences in space and place. Conclusion: This study presents two important comparisons of the empirical research on biophilic design and human health that can explain the relationship of people-nature experiences to biophilic design and human health and provides insights into related researches and recommendations for future application of our findings.

• 한국환경교육학회지:환경교육
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• 제25권2호
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• pp.224-241
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• 2012

The purpose of this study was to review the research trends in school environmental education. We analyzed 383 research papers that specifically focused on the school context which were 66% of the total number (N=577) published in this journal between 1990~2011. We defined the characteristics of review and developed a review method by examining previous review studies in this area. The review framework for school environmental education research was devised in terms of seven research areas: 1) Theories and objectives of school environmental education, 2) Environmental awareness, attitude and behavior, 3) Current issues in environmental education in the school context, 4) Instructions and programs, 5) National Curriculum, 6) Environmental education contents, and 7) Teacher professionalism. In this paper, we present dominant features within each category with focus on the overall trends of research methods and themes. Finally, we discuss research issues emerging out of the empirical analysis for considering the value of research for enhancing the quality of environmental education in schools.

• 유통과학연구
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• 제22권3호
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• pp.113-124
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• 2024

Purpose: This study is a quantitative study and analyzes the effect of evaluating the extreme and usefulness of product reviews on sales performance by using text mining techniques based on product review big data. We investigate whether the perceived helpfulness of product reviews serves as a mediating factor in the impact of product review extremity on sales performance. Research design, data and methodology: The analysis emphasizes customer interaction factors associated with both product review helpfulness and sales performance. Out of the 8.26 million Amazon product reviews in the book category collected by He & McAuley (2016), text mining using natural language processing methodology was performed on 300,000 product reviews, and the hypothesis was verified through hierarchical regression analysis. Results: The extremity of product reviews exhibited a negative impact on the evaluation of helpfulness. And the helpfulness played a mediating role between the extremity of product reviews and sales performance. Conclusion: Increased inclusion of extreme content in the product review's text correlates with a diminished evaluation of helpfulness. The evaluation of helpfulness exerts a negative mediating effect on sales performance. This study offers empirical insights for digital market distributors and sellers, contributing to the research field related to product reviews based on review ratings.

• 한국해양공학회지
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• 제21권1호
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• pp.25-30
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• 2007

Most of dams and reservoirs were made from natural materials, such as soil, sand and gravel. This type of hydraulic structure has the danger of collapse by overflow during a flood. Freeboard is the vertical distance between the crest of the dam and the full supply level in the reservoir. It must be sufficient to prevent overtopping from over flow. Thus, freeboard determination involves engineering judgment, statistical analysis, and consideration of the damage that would result from the overtopping of a hydraulic structure. This study attempts to calculate the wave height in dam, which is needed for the determination of the freeboard of the dam. Chung-ju dam is selected as the study area. Using the empirical formulas, the wave heights in dam were calculated, and the results were compared with those by the SWAN model, which is a typical wave model. The difference between the calculated results from the empirical formulas and those by the SWAN model is considerably large. This is because empirical equations consider only fetch or fetch and wind velocity, while the SWAN model considers depth and topography data as well.