• The Journal of Asian Finance, Economics and Business
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• 제6권4호
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• pp.19-26
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• 2019

The study investigates the impact of accrual anomaly on stock return ratio of listed firms in Vietnam. Data were collected from listed firms for the period from 2008 to 2018. To learn about the causes of accrual anomaly in returns and future rate of returns on the Vietnamese stock market, this research is based on accrual analysis of Richardson, Sloan, Soliman, and Tuna (2006) on growth and effective components. We employ GLS regression model for examining the impact of accrual anomaly on stock return ratio and T-test for checking the difference between the lowest and the highest portfolio. The results show that accounting distortion is the main factor impacting the stock return, not growth determinant. Both two determinants of accounting distortion and growth contribute the explanation of the impact of accrual anomaly on profit and future stock return ratio. Experimental evidence confirms an abnormal existence of accrual in the Vietnam stock market. Aggregate accrual is negatively correlated with future operating profit and future stock return. However, after considering the factors contributing to the impact of future profitability and return on stock returns, the study results show that accounting distortion can account for low sustainability of income that is not growth.

• 대기
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• 제32권1호
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• pp.1-15
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• 2022

Recently, Japan's Meteorological Research Institute presented the d4PDF database (Database for Policy Decision-Making for Future Climate Change, d4PDF) through large-scale climate ensemble simulations to overcome uncertainty arising from variability when the general circulation model represents extreme-scale precipitation. In this study, the change of precipitation characteristics between the historical and future climate conditions in the Yongdam-dam basin was analyzed using the d4PDF data. The result shows that annual mean precipitation and seasonal mean precipitation increased by more than 10% in future climate conditions. This study also performed an analysis on the change of the return period rainfall. The annual maximum daily rainfall was extracted for each climatic condition, and the rainfall with each return period was estimated. In this process, we represent the extreme-scale rainfall corresponding to a very long return period without any statistical model and method as the d4PDF provides rainfall data during 3,000 years for historical climate conditions and during 5,400 years for future climate conditions. The rainfall with a 50-year return period under future climate conditions exceeded the rainfall with a 100-year return period under historical climate conditions. Consequently, in future climate conditions, the magnitude of rainfall increased at the same return period and, the return period decreased at the same magnitude of rainfall. In this study, by using the d4PDF data, it was possible to analyze the change in extreme magnitude of rainfall.

• 한국농촌건축학회논문집
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• 제18권2호
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• pp.39-46
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• 2016

The purpose of this study was to analyze the preferences for the physical features of return farmer housing. Housing problems of rural areas is one of the important factors that determine the quality of life in rural areas. Through these return farmer housing as it wants to improve the living environment of rural areas. The purpose of this study aims to find the required characteristics of the return farmer for rural activation. The survey was conducted to target the return farmer households living in housing and expectant return farmer living in the rural. The results of this study were as follows. First, expectant return farmer than return farmer are more importance to house outside(environmental) factors. Showed that environmental conditions are more important than housing conditions, expectant return farmer of residential satisfaction. Second, return farmer prefer ratio was higher House prices and sizes, expectant return farmer among the external factors such as environmental conditions is the distance to the workplace were very important. The results of this study can be a basis for effective strategies for future rural activation. More sustainable in the future, including the analysis of various parameters in progress by being linked to policy measures that will be provided. This study aims to be the foundation of sustainable housing policies for return farmer households.

• 국제학술발표논문집
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• The 1th International Conference on Construction Engineering and Project Management
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• pp.1244-1249
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• 2005

Present PII(Private Infrastructure Investment) in Korea has increased up to 11% compared to the year 2003 and is expected to increase in the future. In spite of its rapid increase, we don't have any definite standard or system which distinctly presents the rate of return for domestic PII yet, and practical and scientific research is not sufficient compared to its necessity and importance. Hence, in this study we suggests methods to estimate the rate of return of PII to promote SOC PII to last successfully and present the proper level of rate of return of PII which is appropriate for domestic situations through diverse analysis. Therefore, to present reasonable rate of return, we have used 5 methods: previous research analysis, case study, financial index analysis, analysis of investor's rate of return, and analysis of rate of return in a real estate market. After comparing and analyzing these methods, at the end, we have presented the appropriate level of rate of return of PII, which can be applied in the domestic market.

• 한국의류학회지
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• 제30권7호
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• pp.1116-1125
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• 2006

This study investigated consumer satisfaction and dissatisfaction experiences in post-purchase product return process. As an exploratory research the study collected qualitative data of subjective consumer experiences using an open-ended questionnaire and identified and classified themes and patterns of satisfaction and dissatisfaction experiences. A total of 113 cases were categorized into satisfied experiences, unsatisfied experiences, and neutral experiences. Further, satisfied experiences were sub-categorized into kind sales associates, quick and easy return process, and services higher than expected based on sources of satisfaction in the return process while unsatisfied experiences were sub-classified into rejection of return, attitude of sales associates, and hassle of return process. In-store adaptive behaviors and intentions on future behaviors were also observed. The results indicated that service quality in the post-purchase service encounter and consumer expectation were important in determining satisfaction and dissatisfaction in the return process. Insights for research questions were proposed.

• 한국농촌건축학회논문집
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• 제18권1호
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• pp.11-18
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• 2016

The purpose of this study is to analyze the characteristics for the needs of rural residents and return farmer on rural rental housing. Through these rural rental housing as it wants to improve the living environment of rural areas. Housing problems of rural areas is one of the important factors that determine the quality of life in rural areas. Despite many rural development program it has been deteriorating housing conditions in rural areas. The purpose of this study aims to find the required characteristics of the rural residents and return farmer for rental housing system introduced in rural areas. As research methods, the survey it was required to rent the properties rural residents and expectant return farmer. The main analysis results are summarized as follows. First, expectant return farmer than rural residents are more flavors of rental Residential high. Second, rural residents prefer ratio was higher this apartment, expectant return farmer appeared to prefer the house. Finally, rural residents may prefer concrete homes, expectant return farmer appeared to favor the wooden houses. The results of this study can be a basis for effective strategies for future rural rental housing. More sustainable in the future, including the analysis of various parameters in progress by being linked to policy measures that will be provided. This study aims to be the foundation of sustainability in rural rental housing policy.

• 한국시스템다이내믹스연구
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• 제8권1호
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• pp.173-186
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• 2007

This research consists of (1) building (or molding) the Dynamics Simulation Model on Return Policy mainly used in publications, phonographs, and computer industry; which are seen used in supply chain contract known as effective control mechanism under the varied supply chain situations, and (2) analyzing the effects that return rates and seller's contract parameters have in the outcome of the model and (3) observing how the effectiveness of Return Policy changes under such circumstances where the buyer's sales ability and the seller's risk inclination are taken into account. Thus, the main purpose of this research lies in analyzing what exactly are the effects (and or outcome) that sales ability and risk inclination have in Return Policy, and additionally by conducting comprehensive research on Supply Chain Policy Dynamics Simulation Model, we will try to prove that not only the Systems Dynamics approach is highly contributive in supply chain management but also that it will serve as a foothold in future research. As a result of the research, supply chain achievement level turned out to be high when Return Policy is enforced, and the achievement level was even higher when seller's sales ability was taken into consideration along with the Return Policy. On the other hand, the achievement level decreased when the seller had risk aversive tendencies.

• 대한간호학회지
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• 제45권1호
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• pp.147-156
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• 2015

Purpose: This study was done to describe the return to work experience of military officers with cancer. Methods: Individual in-depth interviews with 15 participants were conducted between September 2013 and April 2014. Participants were interviewed 1~4 times; interviews continued until the data became saturated. Data were analyzed using Strauss and Corbin's grounded theory. Results: The core category emerged as "living a new life after enduring difficulties". The return to work process consisted of four sequential phases: chaos, positive thought formation, behavior practices, and reformation. Action/interaction strategies used by military officers with cancer to resolve enduring difficulties were controlling emotions, accepting reality, prioritizing health, making efforts to improve relationships, and looking for future jobs. Conclusion: These results will promote understanding of military officers' return to work experience following cancer survival, and will be helpful in developing more effective nursing interventions through enhanced perspectives and insights of practitioners.

• 아태비즈니스연구
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• 제13권1호
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• pp.167-183
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• 2022

Purpose - The purpose of this study is to show the need to use the past long-term returns for investment decisions in U.S. equity funds and to suggest an investment strategy using long-term returns. Design/methodology/approach - This study solves the problem of high return volatility in long-term returns and proposes new investment portfolios based on the behavior of fund investors according to past returns. For the investment portfolio of this study, 60 months are divided into several periods and the average of the performance ranks for each period is used. Findings - First, funds with high average returns over multiple periods have lower future outflows and higher future returns than funds with high 60-month cumulative returns. Second, funds with low average returns over multiple periods have lower future inflows and lower future returns than funds with low 60-month cumulative returns. The findings mean that when making decisions based on past long-term returns, it is a smarter investment choice to buy funds with high average returns over multiple periods and sell funds with low average returns over multiple periods. Research implications or Originality - This study shows that it is necessary to use long-term returns in fund investment by analyzing the characteristics of the portfolio based on past returns. In addition, the study is meaningful in that it suggests a way to use long-term returns more efficiently based on the behavior of fund investors and shows that such investments lead to higher returns in the future.

• Korean Chemical Engineering Research
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• 제52권3호
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• pp.347-354
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• 2014

본 연구에서는 연소 배가스 중에 포함된 이산화탄소의 탄산화 반응을 통한 고부가화합물 제조기술의 경제성평가를 수행하고 화합물 생산 계획에 따른 이익 및 내부수익률(Internal Rate of Return, IRR)을 분석하였다. 본 연구에서 고려된 기술을 이용하면 발전소에서 발생되는 연소배가스 중의 이산화탄소와 전기분해를 통해 발생되는 가성소다와의 탄산화 반응을 통해 고부가화합물(중탄산나트륨, $NaHCO_3$)의 생산 및 이산화탄소의 저감이 동시에 가능하다. 또한 전기분해에서 생산되는 염소 및 수소 가스는 다시 차아염소산나트륨(NaOCl) 및 고순도 염산의 제조에 적용된다. 기술의 경제성 평가를 위한 방법으로는 순현재가치법(Net Present Value method, NPV) 및 내부수익률(Internal Rate of Return, IRR)을 활용하여 일일 100톤의 이산화탄소를 처리할 수 있는 공정을 대상으로 20년간 상업운전을 가정하였다. 상기 가정하에서 20년간의 내부수익률은 약 67.2%, 20년간의 운전기간을 통한 총 이익은 순현가 기준으로 약 346,922 백만원으로 산출되었다. 그리고 2015년부터 시행예정인 탄소배출권 거래가 활성됨에 따른 ETS 수익을 고려할 경우 총이익은 약 60억원 향상되는 것으로 분석이 되었다. 상기 분석을 살펴보면 이산화탄소의 탄산화 반응을 통한 고부가화합물 제조기술은 온실가스 저감효과를 가져올 뿐만 아니라 경제성이 뛰어난 것으로 생각된다.