• The Journal of Industrial Distribution & Business
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• v.10 no.6
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• pp.51-58
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• 2019

Purpose - Prior studies reported that the opacity of information caused stock price crash. If managers fail to disclose unfavorable information about the firm over a long period of time, the stock price is overvalued compared to its original value. If the accumulated information reaches a critical point and spreads quickly to the market, the stock price plunges. Information management by management's disclosure policy can cause information uncertainty, which will lead to a plunge in stock prices in the future. Thus, this study aims at examining the impact of disclosure quality on crash risk by focusing on the unfaithful disclosure firms. Research design, data, and methodology - This study covers firms listed on KOSPI and KOSDAQ from 2004 to 2013. Firms excluded from the sample are non-December firms, capital-eroding firms, and financial firms. The financial data used in the research was extracted from the KIS-Value and TS2000 database. Unfaithful disclosure firm designation data was collected from the Korea Exchange's electronic disclosure system (kind.krx.co.kr). Stock crash is measured as a dummy variable that equals one if a firm experiences at least one crash week over the fiscal year, and zero otherwise. Results - Empirical results as to the relation between unfaithful disclosure corporation designation and stock price crashes are as follows: There was a significant positive association between unfaithful disclosure corporation designation and stock price crash. This result supports the hypothesis that firms that have previously exhibited unfaithful disclosure behavior are more likely to suffer stock price plunges due to information asymmetry. Second, stock price crashes due to unfaithful disclosures are more likely to occur in Chaebol firms. Conclusions - While previous studies used estimates as a proxy for information opacity, this study used an objective measure such as unfaithful disclosure corporation designation. The designation by Korea Exchange is an objective evidence that the firm attempted to conceal and distort information in the previous year. The results of this study suggest that capital market investors need to investigate firms' disclosure behaviors.

• Journal of Korean Academy of Nursing
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• v.47 no.1
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• pp.49-59
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• 2017

Purpose: The purpose of this study was to identify non-psychiatric nurses' difficulties in caring for patients with mental illness. Methods: Data were collected from eighteen general medical-surgical nurses working at a university hospital in Seoul, Korea. This study involved two focus group discussions and three in-depth individual interviews. All interviews were recorded and transcribed as they were spoken, and data were analyzed using qualitative content analysis. Results: General medical-surgical nurses experienced difficulties in 3 categories, 9 subcategories, 27 codes. The three categories were 'nurse' related factors, 'patient' related factors, 'resource' related factors. The nine categories were 'unpreparedness', 'nursing barriers due to stigma', 'undervaluing and avoidance of psychiatric nursing', 'eroding into the trap of a vicious cycle', 'facing unapproachable patients', 'dealing with unhelpful family members', 'burdening already overburdened staff', 'obstructive environment', and 'isolation of staff with heavy responsibilities'. Conclusion: The results of this study indicate the need to develop psychiatric mental health education programs for non-psychiatric nurses. Education about psychiatric mental health and support from institutions for non-psychiatric nurses can reduce their negative attitude toward psychiatric patients and difficulties in caring for psychiatric patients.

• Journal of Korea Water Resources Association
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• v.46 no.1
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• pp.25-34
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• 2013

In this study, the development processes of multiple bars in the channels with erodible banks were investigated by double Fourier analysis. The initially straight channels in the experiment flume were widened with eroding the side banks, and the multiple bars were generated and grew due to stalling of the sediment on the bed. The bars migrated downstream and the size of the bars increased with time. The flow was separated around the bars, and the bed and banks near the bars were scoured due to the impinged secondary flow. The morphologic changes were accelerated by the bank erosion, which affected the fluctuations of sediment discharge downstream. The double Fourier analysis of the bed waves showed that 1-1 mode (alternate bar) was dominant at the initial stage of the channel development. As time increased, 2-3 mode (central or multiple bars) was dominant due to the increased width to depth ratio. Moreover, the number of bars in a cross section of the channel were increased due to the non linearity of alternate bars. The width to depth ratio was increased by the bank erosion, which affected the bar migration and the bar wavelength. However, the dimensionless tractive force was decreased by it.

• Tuberculosis and Respiratory Diseases
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• v.51 no.5
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• pp.482-487
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• 2001

A pancreatic pseudocyst with a mediastinal extension is a rare clinical entity. Intrathoracic symptoms such as dysphagia or dyspnea due to compression or associated pleural effusions are quite common. The pseudocysts transverse the diaphragm via the esophageal hiatus or aortic hiatus or by eroding directly through the diaphragm. Here, we report a case of a pancreatic pseudocyst with a mediastinal extension presenting as dysphagia and dyspnea. The diagnosis was confirmed by computerized axial tomography of the chest and abdomen. Usually, the proper management of a large pseudocyst includes percutaneous or surgical internal drainage, but in this case the mediastinal components disappeared with conservative medical treatment.

• Ocean Systems Engineering
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• v.8 no.1
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• pp.1-20
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• 2018

The target area of the proposed study, Mamaia beach, is a narrow stretch of sand barrier island that sits between the Siutghiol Lake and the Black Sea. In the northern part of the bay, is located the Midia Port, where between 1966 and 1971 a long extension of 5 km of the offshore was built. Because of this extension, the natural flow of sediments has been significantly changed. Thus, the southern part of the Mamaia Bay had less sand nourishment which meant that the coast was eroding and to prevent it a protection of six dikes was built. After approximately forty years of coastal erosion, the south of the Mamaia Bay had in 2016 a new protection scheme, which includes first of all the beach nourishment and a new dike structure (groins scheme for protection) to protect it. From this perspective, the objective of the proposed study is to evaluate the effectiveness of the old Master plan against the new one by modeling the outcome of the two scenarios and to perform a comparison with a third one, in which the protection dikes do not exist and only the artificial nourishment has been done. In order to assess the wave processes and the current patterns along the shoreline, a complex computational framework has been applied in the target area. This joins the SWAN spectral phase averaged model with the 1D surf model. Furthermore, new UAV technology was also used to map out, chart and validate the numerical model outputs within the target zone for a better evaluation of the trends expected in the shoreline dynamics.

• Korean Journal of Comparative Education
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• v.28 no.2
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• pp.23-52
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• 2018

This study examines factors that influence adolescents' political trust in Asian societies with special emphases on authoritarian orientations and corruption perception. Previous studies on adolescents' political trust have focused almost exclusively on Western societies. As a result, the impact of other cultural values that are specific to Asian societies, such as authoritarian orientations, on adolescents' political trust has received little attention in the existing literature. Moreover, situated within a socialization framework which argues that political trust is an extension of interpersonal trust, much prior work has ignored the role of adolescent evaluations of institutional performance in generating political trust. The data I use offer empirical evidence that both authoritarian orientations and institutional performance-especially its ability to curb corruption-are independent sources of political trust among Asian adolescents and that the trust-eroding effect of corruption is less salient among Asian adolescents adopting more authoritarian orientations. Additionally, the evidence also suggests that corruption perception is a more important factor than authoritarian orientations in shaping adolescents' political trust in more economically developed countries while the reverse pattern is found in less developed countries.

• Korean Journal of Remote Sensing
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• v.39 no.1
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• pp.23-45
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• 2023

Tuvalu is a small reef islands country in the Pacific Ocean. Its coastal regions are very much dynamic due to the profound effects of tropical cyclones and sea level rise (SLR). However, research works on coastline dynamics of Tuvalu mainly cover its capital, Funafuti. Therefore, this review summarizes the extent of long-term coastal changes in different islets of Funafuti and on overall Tuvalu. In Funafuti, highly accreting areas are Te Afualiku, Fuafatu, Motugie, and Amatuku, and highly eroding areas are Fuagea and Tefala with the fully disappeared islet of Vasafua after 2005. However, in spite of different causes and supposition of scientists on disappearing these lands the accretion is more dominant than erosion which resulted in 7.3% net increase of land areas of Tuvalu over 117 years till 2015. Severe tropical cyclones mainly caused accretion of land areas by forming coral rubble rampart formation and further reworks and erosion to small sandy islands whereas frequent low-energy cyclones mainly caused erosion. Though, till now severe erosion of coastal areas are not evident by global SLR, islets of Funafuti experienced remarkable shoreline increase as formation of 30-40 m wide rubble rampart formation along 19 km in 1971 by tropical cyclone Bebe and net increase of area of 3.45 ha by tropical cyclone Pam in 2015. In spite of such overall accretion of coastal areas several scientists suspect drowning of its areas in future because of high SLR (~5.1±0.7 mm/year) at Funafuti which supposedly will not work as a breakwater anymore. Thus, protection measures should be taken to prevent coastline erosion as well as land reclamation activities should be done following the global examples.

• Journal of KIISE:Software and Applications
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• v.36 no.12
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• pp.967-976
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• 2009

In this paper, we propose an automatic lower extremity vessel extraction based on rigid registration and bone elimination techniques in CT and CT angiography images. First, automatic partitioning of the lower extremity based on the anatomy is proposed to consider the local movement of the bone. Second, rigid registration based on distance map is performed to estimate the movement of the bone between CT and CT angiography images. Third, bone elimination and vessel masking techniques are proposed to remove bones in CT angiography image and to prevent the vessel near to bone from eroding. Fourth, post-processing based on vessel tracking is proposed to reduce the effect of misalignment and noises like a cartilage. For the evaluation of our method, we performed the visual inspection, accuracy measures and processing time. For visual inspection, the results of applying general subtraction, registered subtraction and proposed method are compared using volume rendering and maximum intensity projection. For accuracy evaluation, intensity distributions of CT angiography image, subtraction based method and proposed method are analyzed. Experimental result shows that bones are accurately eliminated and vessels are robustly extracted without the loss of other structure. The total processing time of thirteen patient datasets was 40 seconds on average.

• The Korean Journal of Financial Management
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• v.26 no.1
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• pp.1-29
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• 2009

As foreign investors' share holdings in Korean firms have dramatically increased since 1998 following the financial deregulation on the limit of foreign stock investment, the concern over the negative impacts the foreign investors would bring on the firms' financial policy has been growing too. Foreign investors were perceived to require the firms of excessive payments of cash dividends sometimes with threat of hostile takeover trials detering the firm from investing its cash flow in the physical facilities and RandD eroding their potential growth capabilities. We examine the impact of foreign investment on the firms' dividend policy using 234 listed firms' panel data over the sample periods of 1998 to 2005 employing various panel regression methodology. Foreign shareholders are found not to be related or even negatively related to the payout ratio(dividend/net income), but positively and statistically significantly related to the ratio of cash dividends to book of asset, negatively to the dividend yields. Considering the payout ratio is the most appropriate measure for the dividend payment, we can not support the arguments that the foreign investors' holdings have induced the excessive dividend level in Korean firms.

• Journal of Korean Society of Coastal and Ocean Engineers
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• v.28 no.6
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• pp.408-415
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• 2016

Small fishing ports and coastal structures installed in a relatively low sea water depth disturb the wave induced current and cause the collapse of equilibrium state of sediment transport. These structures creates diffracted waves and matter the concentration of waves to cause the beach erosion. In order to mitigate these eroding problems on the beach, many counter measurements were proposed such as detached breakwater, groin or headland; however, these methods interrupt the aesthetic view of sandy beach due to the exposed structures above the sea level and have difficulty of applying to those beaches with the good scenery. Furthermore, some of these methods create secondary environmental problems after the installations. To eliminate these problems, one of the countermeasures, artificial reefs have been selected and used worldwide to minimize the disturbance of the scenery and secondary effects on the environment. Meanwhile, it is important to set the design elements for installing the artificial reefs such as that of length, opening width, clearing distances from the shoreline and more. Nevertheless, there are no construction manuals or standards for designing the artificial reefs with these important design elements yet. In this study, different conditions of artificial reefs were used with various cases throughout hydraulic model test to precisely analyze the changes of waves and currents to propose the standards of design elements to install the artificial reefs.