• Title/Summary/Keyword: Firm size

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An Experimental Study on the Permeability Measurement and Development of Ultra Low Permeable Concrete (콘크리트의 투수성 측정 및 초저투수성 콘크리트의 개발 연구)

  • 오병환;정원기;차수원;장봉석
    • Magazine of the Korea Concrete Institute
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    • v.8 no.5
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    • pp.189-200
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    • 1996
  • The permeability of concrete influences the durability of concrete remarkably. The conventional test method for permeability is very difficult to apply to high strength concrete because of its very low permeability. The present study employs a resonable and realistic test method for permeability of concrete and proposes a very low permeability concrete. To this end, comprehensive tests have been conducted and major test variables include the types and amount of cement. the types and amount of admixtures, and the size of aggregates. The present test results indicate t h a t the permeability decrease with the increase of strength and that the concrete with certain mineral admixtures exhibits very low permeability. The permeability of those high performance concrete is about 1/100 of conventional normal concrete. The present study provides a firm base for the use of very low permeable and hence very durable concrete.

An Analysis of he Foreign Exchange Exposure and Determinants (개별기업의 환노출과 결정요인에 관한 연구)

  • Lee, Hyon-Sok
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.65-98
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    • 2004
  • This paper analyzes the foreign exchange exposure and the influence of determinants on the significant exposure under various return horizons of US dollar and the Japanese yen. Also this research is extended to the existence of asymmetric exposures to foreign exchange risk. The exchange rate exposures exhibit significant time variations that are very large to represent changes in cash flow sensitivities, but the relation of the significant exposures and time variations is not monotonically increasing. The extent to which a firm is exposed to exchange rate fluctuations can be explained by the level of the growth potential, nm size and leverage. For the various return horizons, firms with a higher growth potential tend to have higher exposures. And the larger firms' exposures tend to be smaller. The influences of the level of export ratio and leverage vary with return horizons and each periods. It is found that the exposures of fins are asymmetric. The asymmetry is mainly explained by the market share hypothesis. The level of export ratio commonly influences the asymmetric exposures to the US dollar and the Japanese yen.

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The Effects of Web-based Logistics on Its Performances for Medium Sized Exporting Firms in Korea (물류에서 웹 활용여부가 물류성과에 미치는 효과분석 : 국내 중견 수출기업을 중심으로)

  • 백유미
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.8 no.3
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    • pp.740-747
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    • 2004
  • This research aims at investigating what the determinant factors for the use of web based logistic are and if it enhances the cost reduction and consumer satisfaction for Korean medium sized exporting firms. Furthermore I investigate if there are the interaction effects between the web based logistics and its determining factors on cost reduction and consumer satisfaction. The empirical results show that CEO' s innovativeness, exporting region, exporting share play significant roles in using the web based logistics. Moreover, the web based logistics improve the cost reduction and consumer's satisfaction. The result of two-way variance analysis indicates that there are the interaction effects between CEO's innovativeness, firm size, the activeness of information use and use of the web based logistics on the logistics performances.

Entrapment Neuropathy of Median and Ulnar Nerve Due to Soft Tissue Chondroma: A Case Report (연부조직 연골종에 의한 정중, 척골포착신경병증: 증례보고)

  • Hong, Sung-Taek;Ahn, Duck-Sun
    • Archives of Plastic Surgery
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    • v.37 no.6
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    • pp.815-818
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    • 2010
  • Purpose: Soft tissue chondroma is a rare benign tumor, found mainly on the palm and sole and grows slowly. Typically, mature hyaline cartilage is the dominant pathological feature. There are reports that assert soft tissue chondromas to be a cause of median nerve entrapment syndrome. However, this is the first case report showing soft tissue chondroma to be a cause of simultaneous median and ulnar neuropathy. Methods: A 62 year-old woman presented with chief complaints of numbness and hypoesthesia of her right palm for 4 to 5 years, and a palpable mass on her right palm that had been increasing in size slowly for 3 years. Physical examination revealed a firm, mobile, non-tender and about $3{\times}3\;cm^2$ sized mass in the center of the right palm. Electromyography showed entrapment neuropathy of the median and ulnar nerve. Ultrasonography showed an approximately $5.7\;cm^2$ mass below the flexor tendon of ring finger. Upon surgical excision, a $3{\times}3\;cm^2$ mass attached to the flexor digitorum profundus of ring finger and redness and hypertrophy of both the median and ulnar nerve were discovered. Mass excision was performed gently and the specimen was referred for histopathologic study. Mass excision resulted in median and ulnar nerve release. Results: The pathology report confirmed the mass to be a soft tissue chondroma with mature hyaline cartilage. The patient exhibited post-operative improvement of her symptoms and did not show any complications. Conclusion: This is the first case report showing soft tissue chondroma to be a cause of simultaneous median and ulnar neuropathy.

Information Asymmetry and Financing Behavior of the Korean Firms (정보비대칭과 기업의 자본조달)

  • Guahk, Se-Young
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.12 no.9
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    • pp.3827-3833
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    • 2011
  • This paper performed empirical tests of the validity of the pecking order theory which explains financing behavior of firms under information asymmetry. The results of regression analyses using the data of listed manufacturing companies in the Korean Stock Market from 1981 to 2010 have shown strong evidences supporting the pecking order theory. Especially regression coefficients of change of debt on funds deficit and control variables were found to be almost (+1) with statistically significance, which is interpreted as being consistent with the pecking order theory. Same results were found when I performed regression analyses by dividing the sample period into pre-currency crisis period, currency crisis period and post-currency crisis period and using 2 regression models. Change of tangible asset were found to function as collateral rather than reducing information asymmetry and as the firm size decreased, use of debt increased and as profitability increased use of debt decreased, which are consistent with the pecking order theory.

An analysis of Nontraditional Activities at Banks: a cross-country analysis (은행의 비이자 수익에 대한 Multi-Country 연구)

  • Choi, Sung-Ho
    • International Area Studies Review
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    • v.12 no.2
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    • pp.27-53
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    • 2008
  • This paper investigates factors determining the level of nontraditional activities at banks around the world. Specifically, the paper examines what kinds of firm-specific and country-specific characteristics determine the level of noninterest income using a comprehensive multi-country database. This paper focuses beyond the traditional U.S. based analyses and provides detailed asset-liability management practices of banks around the world.The findings suggest that banks' size and loan loss provision, explicit deposit insurance, banking restriction, banking freedom ranking of respective countries, the extent of state and foreign ownership, governance, and transparency of the country have positive effects on the level of nontraditional activities. Greater dependence on traditional lending and financing, market based economy, and multiple bank supervisory bodies in the country have negative associations with noninterest income. The economic development of country however affects the extent of the relationship.

Effects of garlic intake on cancer: a systematic review of randomized clinical trials and cohort studies

  • Lee, Jounghee;Zhao, Naisi;Fu, Zhuxuan;Choi, Jihee;Lee, Hae-Jeung;Chung, Mei
    • Nutrition Research and Practice
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    • v.15 no.6
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    • pp.773-788
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    • 2021
  • BACKGROUND/OBJECTIVES: Due to the rapid increase of global cancer incidence and mortality and a high level of interest in cancer prevention, a systematic review of garlic intake and cancer risk is needed. SUBJECTS/METHODS: We implemented a systematic review to examine the effects of varying levels of garlic intake on cancer. We conducted comprehensive literature searches in three electronic databases (MEDLINE, Embase, and Web of Science) for studies published between database inception and July or September of 2018. Two investigators independently screened abstracts and full-texts, extracted data, and assessed risk of bias (RoB). A total of one medium-quality randomized controlled trial (RCT) and 13 cohort studies graded as high RoB were included. RESULTS: The 1-year follow-up results from a RCT showed that a significant decrease in the number and size of colorectal adenomas among participants with colorectal adenomas who received high-dose aged garlic extract (AGE) compared with those who received low-dose AGE (P < 0.05). The results of prospective observational studies provided inconsistent associations of colorectal cancer risk with garlic supplements and garlic intake as food. CONCLUSIONS: In summary, the AGE was effective in reducing the number and magnitude of colorectal adenomas in one RCT, but there were inconsistent associations between garlic intake and colorectal cancer in cohort studies. Therefore, we could not draw a firm conclusion regarding the effects of garlic on cancer, because the current strength of evidence is inadequate due to a lack of number of high-quality RCTs.

The Effect of R&D Investment on Local Economies Using Dynamic Panel Estimator in Korea (동태적 Panel 분석을 통한 R&D투자의 지역효과 분석)

  • Yang, Ji-Chung
    • International Area Studies Review
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    • v.18 no.3
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    • pp.175-201
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    • 2014
  • This paper analyses the effect of R&D investment on local economies. R&D investment contributes to the regional local economy by increasing employment and production activity of the investees. The investees may end up with increased productivity, sales and employment. At the regional R&D level, the central government R&D fund and firm self R&D budget will be the source of R&D investment. Further positive effects are inter-related with local industries. This study carried out an empirical analysis on the effect of R&D investment on local economies using Korean panel data after comparing international literatures. The dynamic panel estimator is used to estimate an autoregressive model with lagged dependent variable. Using the Da Silva method, mixed variance-component moving-average error process is estimated and selected. R&D investment is very important factor to improve the productivity of a region and the size of the effect is dependent on the time periods within the Korean economic history.

Relationship Analysis between the Ownership of Intellectual Property and the Business Revenue of Disaster-Safety Industry Enterprises (지식재산권과 재난안전산업 기업매출의 연관성 분석)

  • Im, Sujung;Park, Dugkeun
    • The Journal of the Korea Contents Association
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    • v.19 no.4
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    • pp.432-445
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    • 2019
  • Since industry and technology are being developed through interactions, intellectual property (IP), which are used as a substitute for technology, are found to have a close relationship with industry. The current status of IP and the business revenue differences of enterprises of south Korea are analyzed in the disaster-safety industry. Only 2.66% out of 49,538 firms have IP, indicating that most companies do not have IP. The difference in sales due to the ownership of IP is not statistically significant in middle-standing enterprises, but that of medium and small-sized enterprises (SMEs) is statistically significant. It is also found that 17 Divisions, which have IP, out of 21 Divisions in the Disaster-Safety Industry Special Classification of Korea have higher business revenue, and 10 Divisions of those 17 Divisions indicate statistical significance. In conclusion, the ownership of IP is one of the factors affecting the difference in business revenue for SMEs in Korea, implying that it is important to focus on creating and securing IP.

An Influence of Introduction of Full-time Quality Control Personnel System On Audit Quality (품질관리 전담자 제도 도입이 감사품질에 미치는 영향)

  • Sug, Wan-Joo;Park, Kyoung-Ho
    • Journal of Convergence for Information Technology
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    • v.11 no.9
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    • pp.75-83
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    • 2021
  • This research is to analyze how an introduction of full-time quality control("QC") personnel system in audit firms influences on audit quality and verify how important it is to establish the quality control system for auditing quality. We measure audit quality as the level of discretionary accruals and compare the differences between audit firms with QC and without QC. In addition, we analyze the difference in audit qualities between before and after activating the full-time QC personnel system by comparing audit quality of before 2015 with that of after 2016. The results of this study are summarized as follows. First, the audit quality is higher when audit firms have QC personnel. Second, the audit quality is improved after the introduction of the full-time QC personnel system.