• Title/Summary/Keyword: Event Study

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A Study on the Applicability of Force Majeure Clause to COVID-19: Focus on Case Studies in China (COVID-19사태에 대한 불가항력조항의 적용가능성에 관한 연구)

  • Ling-Ke Zhou;Kwang-So Park;Eunji Oh
    • Korea Trade Review
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    • v.45 no.3
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    • pp.21-33
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    • 2020
  • This study aims to determine if the current COVID-19 event can be admitted as an excuse for non-performance in international trade transactions. In order to do so, this study selected case study method in the analysis. Firstly, the definitions of Force Majeure addressed in CISG, UCC, Chinese Law, and Korean Law were organized. Secondly, this study reviewed the avian influenza event in 2006 and the natural disaster event occurred in Guangdong, China, in 2017. In the study, three critical evaluation factors are suggested in order to be admitted as a Force Majeure event in international transactions as following: 1) possibility of foresight of the event, 2) possibility to overcome and avoid the event, and 3) the enterprise's countermeasures of the event. As an implication, this study organized the definitions of Force Majeure that were indicated in various kinds of Laws and suggested the basic framework to analyze the possibility of admittance as a Force Majeure event.

A Study for Parking Characteristic of A Large Scale Event (대규모행사시 주차장 이용특성 분석)

  • Lee, Young-Woo
    • Journal of the Korean Society of Industry Convergence
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    • v.9 no.3
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    • pp.191-197
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    • 2006
  • Prepare need in each branch for a large scale event. especially prepare for transportation problem is very important. most research for until at now parking prepare according city management however, parking prepare for large event is a necessity which it will parking characteristic. accordingly this research is conducted study for parking prepare subject of large event. this study result, vehicle demand for parking by stadium have many but vehicle demand for parking off stadium have few. accordingly large parking supply is ineffective. shuttle bus service in principal position of city is effective. study result showed that it included 85% parking at 6~7hour before large event start time. accordingly disposition time of parking manager is desirable 6~7hour before large event start time.

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A Study on the EPCIS Event Data Modeling and Simulation Test (EPCIS Event 데이터 모델링과 시뮬레이션 검증 연구)

  • Li, Zhong-Shi;Lee, Tae-Yun;Piao, Xue-Hua;Da, Dan;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.11 no.2
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    • pp.137-144
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    • 2009
  • EPCIS(EPC Information Services) system is a core component of EPCglobal Architecture Framework offering information of the freights, the time of awareness and the location of awareness on the EPCglobal Network. The role of EPCIS is to exchange information based on EPC. There are four kinds of event data which are object event data, aggregation event data, quantity event data, and transaction event data. These EPCIS events data are stored and managed in EPCIS repository. This study suggest the quantitative modeling about total number of EPCIS event data under the assumption to aware the RFID tags of items, cases(boxes), vehicles(carriers, forklifts, auto guided vehicles, rolltainers) at a time on the reading points. We also estimate the number of created EPCIS event data by the suggested quantitative modeling under scenario of process in the integrated logistics center based on RFID system And this study compare the TO-BE model with the AS-IS model about the total sizes of created EPCIS event data using the simulation, in which we suggested the TO-BE model as the development of the repository by skipping the overlapped records.

XML-based Windows Event Log Forensic tool design and implementation (XML기반 Windows Event Log Forensic 도구 설계 및 구현)

  • Kim, Jongmin;Lee, DongHwi
    • Convergence Security Journal
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    • v.20 no.5
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    • pp.27-32
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    • 2020
  • The Windows Event Log is a Log that defines the overall behavior of the system, and these files contain data that can detect various user behaviors and signs of anomalies. However, since the Event Log is generated for each action, it takes a considerable amount of time to analyze the log. Therefore, in this study, we designed and implemented an XML-based Event Log analysis tool based on the main Event Log list of "Spotting the Adversary with Windows Event Log Monitoring" presented at the NSA.

A Preliminary Study on Event Archives (사건 아카이브의 시론적 연구)

  • Lim, Ji-hoon;Oh, Hyo-jung;Kim, Soojung
    • The Korean Journal of Archival Studies
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    • no.51
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    • pp.175-208
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    • 2017
  • This study aims to establish the definition of "event archive," which collects and manages records that focus on a specific event, in order to present a new perspective onto the collection and management of private records. As such, this study defines "event archive" and then identifies its characteristics by comparing it with community archives and locality archives. An event archive consists of person, spatiality, and temporality. As it puts an emphasis on temporality in particular, this study suggests a spiral model, which grafts person and spatiality onto a time axis. Moreover, this study suggests three considerations for the construction of an event archive. First, it presents different construction methods for different types of event archives depending on the time an event occurred. Second, it suggests records collection and management areas considering the three components of an event archive-person, spatiality, and temporality. Third, it supports a digital archive for an event archive to become an open archive.

A Study about Measurement Model of Long Term Performance in Stock Split (주식분할의 장기성과 측정 모델에 대한 연구)

  • Shin, Yeon-Soo
    • The Journal of Information Technology
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    • v.9 no.3
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    • pp.77-89
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    • 2006
  • The event study analyzes returns around event date at a time. Event study provides estimation periods and cumulative returns. Stock split announcements are generally associated with positive abnormal returns. It is important to investigate the responses of stocks to new information contained in the announcements of stock splits. So It is important to study the long term performance in the case of Stock Split. This Study forced to two approach method in evaluating the performance, the event time portfolio approach and calendar time portfolio approach. The event time portfolio approach exists the CAR model, BHAR model and WR model. And the calendar time portfolio approach has the 3 factor model, 4 factor model, CTAR model, and RATS model.

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A Empirical Analysis on the Effect of Seasoned Equity Offering on the Stock's Price (SEO공시 전후의 주가변화에 대한 실증분석)

  • Shin, Yeon-Soo
    • Journal of Industrial Convergence
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    • v.1 no.1
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    • pp.127-142
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    • 2003
  • This Study examines the implications for event studies using the daily stock data. The output present the event study results. The event period is defined from 30 days before through 30 days after the event date, and is broken into four "windows" for abnormal return cumulation: the pre-event period, days -30 through -2; dajys -1 and 0, a period commonly investigated for the immediate impact of the event; and the post-event period, days +1 through +30. It shows how firm's information offerings affect the price process and consequent issues. The Patell Z test is an examples of a standardized abnormal return approach, which estimate a separate standard error for each security-event and assumes cross-sectional independence. The generalized sign test adjusts for the fraction of positive abnormal returns in the estimation period instead of assuming 0.5.

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Stock Market Response during COVID-19 Lockdown Period in India: An Event Study

  • ALAM, Mohammad Noor;ALAM, Md. Shabbir;CHAVALI, Kavita
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.131-137
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    • 2020
  • The research investigates the impact of the lockdown period caused by the COVID-19 to the stock market of India. The study examines the extent of the influence of the lockdown on the Indian stock market and whether the market reaction would be the same in pre- and post-lockdown period caused by COVID-19. Market Model Event study methodology is used. A sample of 31 companies listed on Bombay Stock Exchange (BSE) are selected at random for the purpose of the study. The sample period taken for the study is 35 days (24 February-17 April, 2020). An event window of 35 days was taken with 20 days prior to the event and 15 days during the event. The event (t1) being the official announcement of the lockdown. The results indicate that the market reacted positively with significantly positive Average Abnormal Returns during the present lockdown period, and investors anticipated the lockdown and reacted positively, whereas in the pre-lockdown period investors panicked and it was reflected in negative AAR. The study finds evidence of a positive AR around the present lockdown period and confirms that lockdown had a positive impact on the stock market performance of stocks till the situation improves in the Indian context.

Study for Safety Satisfaction and Expectation, Satisfactioon, and Revisit of Mega-Event Participation: for Structural Equation Model (이벤트 참가에 따른 안전만족과 사전기대, 만족과 재방문의사간의 관계 연구: 구조방정식 모형을 중심으로)

  • Kwon, Young-Guk;Park, Hyun-Jee
    • Journal of the Korean Society of Safety
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    • v.20 no.4 s.72
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    • pp.162-170
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    • 2005
  • The effective development of event product for a successful event is first started with figuring out the participation motive of event. Second, what level of expectation before participating event for participant will have. Third, what level of satisfaction and safety satisfaction based on figured out motive and expectation will participant have. Fourth, what level of revisit based on satisfaction will have. The study is needed for these low items. Therefore, this investigation started as an exploratory study for a successful event to analysis the relationship among expectation satisfaction, safety satisfaction and revisit. The results indicated that participated motive is positively influenced on expectation. The expectation is positively influenced on safety satisfaction. The satisfaction is positively influenced on revisit. Finally, the safety satisfaction is positively influenced on revisit. The unique characteristics of this study is considered a safety satisfaction as m event safety and as an important factor when terror becomes often these days.

A Study on the Measurement of Spatial Density and Structural Characteristic Evaluation using Discrete Event Simulation (이산사건 시뮬레이션을 활용한 공간밀도측정 및 구조특성평가)

  • Yoon, So Hee;Kim, Gun A;Kim, Suk Tae
    • Journal of Korea Multimedia Society
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    • v.20 no.7
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    • pp.1090-1101
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    • 2017
  • This study analyzes spatial density and integration of Space Syntax and Discrete Event Simulation (DEVS) of complex system theory and analyzes spatial structure by property, type and depth. The aim of this study is to secure the validity of the theoretical application. The study evaluated the correlation between spatial density and integration by setting up eight types of analysis models. In addition, analyzed the correlation of structural characteristics and approached the application of discrete event simulation of spatial syntax theory. It is confirmed that the concept of integration of spatial syntax theory and analysis using discrete event simulation are valid as new spatial analysis methodology. Also expect that realistic and concrete predictions will be possible if discrete event simulation evolves into research for space allocation and space efficiency optimization.