• East Asian Economic Review
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• 제23권4호
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• pp.353-379
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• 2019

This paper aims to determine factors causing the stagnation of Korean firms' fixed investment after the global financial crisis, using panel data for the period of 1999-2016. Fixed investment remained sensitive to cash flow and Tobin's q although their effects decreased after the global financial crisis. A decreasing trend of cash flow and an increase in Tobin's q since the early 2000's imply that the worsening cash flow was a major factor behind the sluggish investment after the crisis. Meanwhile, debt-equity ratio remained significant for non-chaebol affiliated firms, reflecting disparity in access to external financing. Volatility of stock returns also became insignificant after the crisis, casting doubt on the argument that uncertainty was a major factor contributing to the decline of fixed investment. Analysis of financial investment confirmed the significant effect of cash flow, larger than that on financial investment than on fixed investment. In particular, debt repayment and other financial investment, except share repurchase, were sensitive to cash flow. However, the substitution of fixed investment by financial investment is a consequence, rather than a cause of declining fixed investment.

• 노동경제논집
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• 제34권3호
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• pp.81-117
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• 2011

본 연구는 2007년 7월부터 도입되었던 비정규직법 중 비정규직 근로자에 대한 차별적인 처우를 금지하는 규정이 기업들의 차별시정 노력에 어떤 영향을 미쳤는지를 분석하였다. 차별시정법이 기업 규모에 따라 단계적으로 적용되었다는 점에 착안하여 이중차분법을 적용하여 추정한 결과, 임금은 물론 퇴직금제도나 연차휴가 제도 또는 4대 보험 등 다양한 복리후생 분야에서 유의한 차별시정법의 효과를 발견할 수 없었다. 차별시정법이 소기의 목적을 달성하기 위해서는 기업들의 차별시정 노력이 미진한 원인에 대한 분석과 보완책이 마련되어야 할 것이다.

• 노동경제논집
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• 제31권2호
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• pp.103-128
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• 2008

본 연구는 "한국노동패널조사" 자료를 사용하여 노동조합이 임금에 미치는 효과를 패널 분석하였다. 횡단면 분석을 통하여 구한 노동조합이 임금상승에 미치는 효과는 약 4.6%로 추정되었다. 고정효과 모델을 통하여 추정된 노조의 임금상승효과는 약 2.1%로 상당히 그 효과가 감소하였음을 알 수 있다. 따라서 보이지 않는 근로자의 특성과 노조가 있는 기업에 종사하며 노동조합에 가입하는 의사결정과 양(+)의 상관관계가 존재함을 유추해 볼 수 있으며 기존의 횡단면 분석의 연구 결과가 상당 부분 상향 편의되었음을 유추해 볼 수 있다.

• 의학교육논단
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• 제12권1호
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• pp.3-8
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• 2010

This study is designed to evaluate the effectiveness of teaching or studying programs, and thus to overcome the selectionbias in studies. Selection-bias derived from unobservable characteristics in the course of participants selection of the teaching or studying programs, in the case of cross-section data instrumental variable(IV) method and two stage least square estimation were suggested as an analysis tool. Panel data were analyzed by using both fixed effect in which individual effects are captured by intercept terms and random effect estimation where an unobserved effect can be characterized as being randomly drawn from a given distribution.

• 한국해양공학회지
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• 제35권3호
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• pp.191-202
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• 2021

Studies on very large offshore structures are increasing owing to the development of deep sea, large-scale energy generation using ocean resources, and so on. The enlargement of offshore structures makes the hydroelastic effect and low natural frequency related responses important. Numerical analyses and model tests for hydroelastic and higher-order springing responses of fixed cylindrical structures are conducted in this study. The panel methods with and without the hydroelastic effect with shell elements, and the Morison analysis method with beam elements are applied. To observe the hydroelastic effect for structural strength, two structures are considered: bottom-fixed cylindrical structures with high and low bending stiffnesses, respectively. The surge motions at the top of the structure and bending stresses on the structure are observed under regular and irregular wave conditions. The regular wave conditions are generated considering the ratios of the cylindrical outer diameter to the wave lengths, and keeping the wave steepness constant. The model tests are performed in the three-dimensional ocean engineering basin in the KRISO (Korea Research Institute of Ships and Ocean Engineering). From the numerical and experimental results, in which the hydroelastic responses are only observed in the case of the structure with a low bending stiffness, it is confirmed that the hydroelastic responses are highly dependent on the structural stiffness. Additionally, the higher-order phenomenon on the specified wave condition is analyzed by observing the higher-order springing responses when the incident wave frequency or its multiples with the high wave height coincides with the natural frequency of the structure.

• 한국지진공학회논문집
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• 제20권6호
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• pp.379-389
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• 2016

This study intends to evaluate the conservativeness of the fixed-base analysis as compared to the soil-structure interaction (SSI) analysis for the seismically isolated model of a nuclear power plant in Korea. To that goal, the boundary reaction method (BRM), combining frequency-domain and time-domain analyses in a twofold process, is adopted for the SSI analysis considering the nonlinearity of the seismic base isolation. The program KIESSI-3D is used for computing the reaction forces in the frequency domain and the program MIDAS/Civil is applied for the nonlinear time-domain analysis. The BRM numerical model is verified by comparing the results of the frequency-domain analysis and time-domain analysis for the soil-structure system with an equivalent linear base isolation model. Moreover, the displacement response of the base isolation and the horizontal response at the top of the structure obtained by the nonlinear SSI analysis using BRM are compared with those obtained by the fixed-base analysis. The comparison reveals that the fixed-base analysis provides conservative peak deformation for the base isolation but is not particularly conservative in term of the floor response spectrum of the superstructure.

• 한국전기전자재료학회:학술대회논문집
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• 한국전기전자재료학회 2008년도 추계학술대회 논문집 Vol.21
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• pp.83-83
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• 2008

Metal-oxide-silicon-on-insulator (MOSOI) structures were fabricated to study the effect caused by reactive ion etching (RIE) and sacrificial oxidation process on silicon-on-insulator (SOI) layer. The MOSOI capacitors with an etch-damaged SOI layer were characterized by capacitance-voltage (C-V) measurements and compared to the sacrificial oxidation treated samples and the reference samples without etching treatment. The measured C-V curves were compared to the numerical results from 2-dimensional (2-D) simulations. The measurements revealed that the profile of C-V curves significantly changes depending on the SOI surface condition of the MOSOI capacitors. The shift in the measured C-V curves, due to the difference of the fixed oxide charge ($Q_f$), together with the numerical simulation analysis and atomic force microscopy (AFM) analysis, allowed extracting the fixed oxide charges ($Q_f$) in the structures as well as 2-D carrier distribution profiles.

• The Journal of Asian Finance, Economics and Business
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• 제9권9호
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• pp.39-47
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• 2022

This study explored the effectiveness of the measures taken by the Jordanian Central Bank embedded in its monetary policy in encouraging banks to support investment. It aimed to explore the impact of this monetary policy on supporting credit-related decisions and the monetary policies that aim to support investment in Jordan. The targeted tools of the monetary policy are: (Overnight Deposit Window Rate, money supply, and exports). The researchers carried out an analysis to measure the effectiveness of the monetary policy in fostering investment in Jordan during the period 1992-2020. They carried out the time series analysis. They explored the stationarity of the time series. They used the ARDL model. It was found that the Overnight Deposit Window Rate has a negative significant effect on the gross fixed capital formation. It was found that the money supply has a positive insignificant effect on gross fixed capital formation. The researcher recommends using Overnight Deposit Window Rate in a manner that is consistent with the intended investment-related goals.

• International Journal of Advanced Culture Technology
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• 제9권3호
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• pp.271-276
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• 2021

In this paper we analyze the effect of the credit period on inventory policy under trade credit with ordering cost including a fixed cost and freight cost, where the freight cost has a quantity discount. For marketing purposes, some supplier offers credit period to his buyer to stimulate the demand for the product he produces. The delay in payments during the credit period has the effect of reducing the buyer's capital opportunity cost. It is also assumed that the buyer pays the freight cost for the order and hence, the ordering cost consists of a fixed ordering cost and a variable freight cost which depends on the order quantity. As a result, the possibilities of trade credit and discounts on freight costs are expected to play an important role in the buyer's inventory policy. Based on the economic order quantity inventory model, we analyze how the buyer can determine the optimal inventory policy and we examine the effect of the length of credit period on the buyer's inventory policy.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2001년도 춘계학술대회논문집D
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• pp.408-413
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• 2001

Numerical analysis on the three-dimensional laminar flows (Re=1000) and heat transfer in a rectangular channel with punched longitudinal vortex generator have been conducted to explore the heat transfer enhancement and the combined effect of the angle of attack ${\alpha}$ and the lovour angle ${\beta}$. Rectangular winglets have been used as vortex generators. Velocity and temperature fields and spanwise averaged Nu and friction factor were presented. Enhancement of heat transfer and flow loss penalty are evidenced. The results show performance characteristics allowing a reduction in heat transfer surface area of 62% for fixed heat duty and for fixed pumping power compared with that of channel flow without vortex generator. However, adding lovour angle to the vortex generator shows no positive effect on the heat transfer enhancement.