• Speech Sciences
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• v.6
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• pp.83-101
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• 1999

The aim of this study is to provide a learning method of prosodic rhythm for Taegu North Kyungsang Korean speakers to learn French rhythm more effectively. The rhythmic properties of spoken French and Taegu North Kyungsang Korean dialect are different from each other. Therefore, we try to provide a basic rhythmic model of the two languages by dividing into three parts: syllable, rhythmic unit and accent, and intonation. To do so, we recorded French of Taegu Kyungsang Korean speakers, and then analysed and compared the rhythmic properties of Korean and French by spectrograph. We tried to find rhythmic mistakes in their French pronunciation, and then established a learning model to modify them. After training with the CSL Macro learning model, we observed the output result. However, although learners understand the method we have proposed, an effective method which is possible by repeating practice must be arranged to be actually used in direct verbal communications in a well-developed learning programme. Hence, this study may play an important role at the level of preparation in the setting of an effective rhythmic learning programme.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.11
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• pp.1-10
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• 2021

This paper compares the performance of Fama-French three-factor and five-factor models using a dataset of 20 Pakistani commercial banks for the period 2011 to 2020. We focus on an emerging economy as the findings from earlier studies on developed countries cannot be generalized in emerging markets. For empirical analysis, twelve portfolios were developed based on size, market capitalization, investment strategy, and growth. Subsequently, we constructed five Fama-French factors namely, R_M, SMB, HML, RMW, and CMA. The OLS regression technique with robust standard errors was applied to compare the predictive power of both the Fama-French models. Further, we also compared the mean-variance efficiency of the Fama-French models through the GRS test. Our empirical analysis provides three unique and interesting findings. First, both asset pricing models have similar predictive power to explain the expected portfolio returns in most cases. Second, our results from the GRS test suggest that there is no noticeable difference in the mean-variance efficiency of one asset pricing model over the other. Third, we find that all factors of both Fama-French models are statistically significant and are important for explaining the volatility of expected commercial bank returns in the context of Pakistan.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.513-521
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• 2020

In this paper, we have developed a Fama - French five factor model (FF5 model) from Fama & French (2015) by using concept of time-varying coefficient. For a data set, we have used monthly data form Kenneth R. French home page, it include Japan portfolios (classified by using size and book-to-market) and 5 factors from July 1990 to April 2020. The first analysis, we used Augmented Dickey-Fuller test (ADF test) for the stationary test, from the result, all Japan portfolios and 5 factors are stationary. Next analysis, we estimated a coefficient of Fama - French five factor model by using a generalized additive model with a thin-plate spline to create the time-varying coefficient Fama - French five factor model (TV-FF5 model). The benefit of this study is TV-FF5 model which can capture a different effect at different times of 5 factors but the traditional FF5 model can't do it. From the result, we can show a time-varying coefficient in all factors and in all portfolios, for time-varying coefficients of Rm-Rf, SMB, and HML are significant for all Japan portfolios, time-varying coefficients of RMW are positively significant for SM, and SH portfolio and time-varying coefficients of CMA are significant for SM, SH, and BM portfolio.

• Nuclear Engineering and Technology
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• v.50 no.1
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• pp.43-53
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• 2018

It is important to clarify the characteristics of flow regimes underlying the debris bed formation behavior that might be encountered in core disruptive accidents of sodium-cooled fast reactors. Although in our previous publications, by applying dimensional analysis technique, an empirical model, with its reasonability confirmed over a variety of parametric conditions, has been successfully developed to predict the regime transition and final bed geometry formed, so far this model is restricted to predictions of debris mixtures composed of spherical particles. Focusing on this aspect, in this study a new series of experiments using nonspherical particles have been conducted. Based on the knowledge and data obtained, an extension scheme is suggested with the purpose of extending the base model to cover the particle-shape influence. Through detailed analyses and given our current range of experimental conditions, it is found that, by coupling the base model with this scheme, respectable agreement between experiments and model predictions for the regime transition can be achieved for both spherical and nonspherical particles. Knowledge and evidence from our work might be utilized for the future improvement of design of an in-vessel core catcher as well as the development and verification of sodium-cooled fast reactor severe accident analysis codes in China.

• Speech Sciences
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• v.9 no.1
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• pp.89-110
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• 2002

Intonation is very difficult to describe and it is furthermore difficult to compare intonation between different languages because of their differences of intonation systems. This paper aims to compare some intonation phenomena between Korean, French and English. In this paper I will refer to ToBI (the Tone and Break Indices) which is a prosodic transcription model proposed originally by Pierrehumbert (1980) as a description tool. In the first part, I will summarize different ToBI systems, namely, K-ToBI (Korean ToBI), F-ToBI (French ToBI) and ToBI itself (English ToBI) in order to compare the differences of three languages within prosody. In the second part, I will analyze some tokens registered by Korean, French and American in different languages to show the difficulties of learning other languages and to find the prosodic cues to pronounce correctly other languages. The point of comparison in this study is the Accentual Phrase (AP) in Korean and in French and the intermediate phrase (ip) in English, which I will call ' subject phrase ' in this study for convenience.

• Speech Sciences
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• v.1
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• pp.113-135
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• 1997

This study aims to present some notes on the French syllabic structure based on the relation between the intonation pattern and the stressed syllable. The recent phonetico-phonological study is mainly focussed on the notion of syllable. However it is quite difficult to analyse the syllable structure because of its complexity. In this paper I have tried to analyse the French syllabic structure both in phonetics and in phonology. This paper contains three parts. First of all, in section 2, the notion of syllable and the French prosodic phenomena are reviewed phonetically, and is phonologically focused on the intonation pattern. Secondly, in section 3, I have analyzed the relation between the intonation. pattern and the stressed syllable in French based on CSL analyses. Finally, in section 4, I have suggested some syllabic structure patterns in French based on the analyses in section 3. This. is an attempt to further the inter-disciplinary study between phonetics and phonology, and also an attempt to settle on a model of phonological French syllabic structure. I have left the application of the result of this study as a future subject to study. But still, the result of this study can serve as a basic reference for those who are studying French and for students who are would like to learn about French syllabic structure.

• The Journal of Asian Finance, Economics and Business
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• v.5 no.4
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• pp.21-34
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• 2018

The study tests the Fama and French three-factor model by using the newly created Islamic equity style indices. Based on a dataset from May 2006 to April 2011, the three-factor model is tested based on returns of Islamic unit trust funds using the Generalized Method of Moments (GMM) methodology. The sample period is also divided between periods before and after the Global Financial Crisis in August 2008 to test for robustness, and the Bai and Perron (2003) multiple structural break test was used to determine the structural break in the series. The analysis shows that the Fama and French model is valid for Islamic unit trust funds before and after the collapse of Lehman Brothers. The result further indicates the reversal of size effect. As for trading strategies, value funds outperform growth funds by annualized 3.13 percent for the full period. During pre-crisis period, value funds perform better than growth funds while in post-crisis, size factor yields better return than other strategies. As policy suggestion, fund managers need to be aware of the reversal of size effect, and they need to ensure a more transparent stock selection process so that investors can make an informed decision in their asset allocation.

• Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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• v.13 no.3
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• pp.219-227
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• 2015

Radioactive waste processing and disposal is a major problem that needs to be fully addressed by countries that use nuclear power. In recent years, only a few countries have made substantial progress on this issue, and the French stepwise legislative approach on radioactive waste management is evaluated as a successful case. For South Korea, it is still necessary to prepare an adequate national policy for dealing with radioactive waste so the French model has been suggested as a direction of policy making in Korea. Based on comparisons of technical status and sociopolitical indexes in both countries, then this study suggests that the French legislative model is a valid one which may be applicable to the Korean context, especially in relation to resource recycling and social acceptance enhancement strategies.

• Nuclear Engineering and Technology
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• v.52 no.5
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• pp.925-936
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• 2020

To ascertain the characteristics of pool sloshing behavior that might be encountered during a core disruptive accident of sodium-cooled fast reactors, in our earlier work several series of experiments were conducted under various scenarios including the condition with mono-sized solid particles. It is found that under the particle-bed condition, three typical flow regimes (namely the bubble-impulsion dominant regime, the transitional regime and the bed-inertia dominant regime) could be identified and a flow-regime model (base model) has been even successfully established to estimate the regime transition. In this study, aimed to further understand this behavior at more realistic particle-bed conditions, a series of simulated experiments is newly carried out using mixed-size particles. Through analyses, it is verified that for present scenario, by applying the area mean diameter, our previously-developed base model can provide the most appropriate predictive results among the various effective diameters. To predict the regime transition with a form of extension scheme, a correction factor which is based on the volume-mean diameter and the degree of convergence in particle-size distribution is suggested and validated. The conducted analyses in this work also indicate that under certain conditions, the potential separation between different particle components might exist during the sloshing process.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.717-729
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• 2021

This paper examines the efficacy of the default risk factor in an emerging market context using the Fama-French five-factor model. Our aim is to test whether the Fama-French five-factor model augmented with a default risk factor improves the predictability of returns of portfolios sorted on the firm's characteristics as well as on industry. The default risk factor is constructed by estimating the probability of default using a hybrid version of dynamic panel probit and artificial neural network (ANN) to proxy default risk. This study also provides evidence on the temporal stability of risk premiums obtained using the Fama-MacBeth approach. Using a sample of 3,806 firm-year observations on non-financial listed companies of Pakistan over 2006-2015 we found that the augmented model performed better when tested across size-investment-default sorted portfolios. The investment factor contains some default-related information, but default risk is independently priced and bears a significantly positive risk premium. The risk premiums are also found temporally stable over the full sample and more recent sample period 2010-2015 as evidence by the Fama-MacBeth regressions. The finding suggests that the default risk factor is not a useless factor and due to mispricing, default risk anomaly prevails in the Pakistani equity market.