• Title/Summary/Keyword: Hedge

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Systematic Review of Smoking Prevention Programs for Korean School-aged Children and Adolescents (국내 학령기 아동 및 청소년 흡연예방 프로그램에 대한 체계적 문헌고찰)

  • Lee, Hyejin;Kim, Hyekyeong
    • The Journal of Korean Society for School & Community Health Education
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    • v.18 no.2
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    • pp.27-42
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    • 2017
  • Objectives: The purpose of this study was to investigate the characteristics of smoking prevention programs and their effectiveness for Korean school-aged children and adolescents by using systematic review and meta-analysis. Methods: Electronic searches were performed in RISS, NAL, DBPia, KISS using keywords according to inclusion criteria. 21 studies published from 2003 to the first half of 2017 that dealt with effects of smoking prevention programs for school-aged children and adolescents were selected for systematic review. Results: All 21 studies were quasi-experimental research designs. More than half of the programs(66.7%) were conducted for male and female. Most of the programs were conducted more than once a week(71.4%). 14 studies(66.7%) did not report using a theoretical model. Five dependent variables(knowledge of smoking, attitude toward smoking, non-smoking intention, self-assertiveness, and self-efficacy) were selected to measure the effectiveness of the smoking prevention programs. Knowledge of smoking was the most effective at hedge's g=0.673. Self-efficacy and self-assertiveness variables were statistically significant at hedge's g=0.461 and hedge's g=0.279, respectively. Effect sizes of attitude toward smoking and non-smoking intention were not statistically significant compared to the control group. As a result of the moderator effect analysis on the knowledge of smoking variable, the statistically significant variables were 'gender of participants'(p<0.01) and 'duration of the program'(p<0.001). Conclusions: The results of this study using systematic review and meta-analysis will be evidence-based data for researchers conducting smoking prevention programs in school-aged children and adolescents.

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MNE's Ability to Mitigate the FX Exposure: Subsidiary Network and Pass-through Ability

  • Cho, Hyejin
    • East Asian Journal of Business Economics (EAJBE)
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    • v.6 no.4
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    • pp.1-12
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    • 2018
  • Purpose - This paper tests the effect of the structure of manufacturing and marketing subsidiary network on FX exposure of Korean MNEs. Furthermore, the moderating effect of pass-through ability on the relationship between the subsidiary network and FX exposure is explored. Research design and methodology - This study utilizes a sample of 309 Korean MNEs constructed from database offered by KOTRA and KIS-VALUE. Results - As operational flexibility arising from having operations in multiple locations provides an option for firms to tackle FX exposure, greater breadth of manufacturing subsidiary network reduces FX exposure, and greater depth increases FX exposure. However, both the breadth and depth of marketing subsidiary network decrease FX exposure due to the firm's higher level of market presence and knowledge to devise an appropriate marketing strategy that can buffer adverse exchange rate movement. Such an effect is intensified when MNE's have FX exposure pass-through ability stemming from differentiated good. Conclusions - Empirical findings suggest that types and structure of Korean MNEs' foreign subsidiary network are closely related to the level of FX exposure they are experiencing. Also, they can utilize marketing subsidiary network more efficiently when having a higher R&D intensity.

The Unified UE Baseband Modem Hardware Platform Architecture for 3GPP Specifications

  • Kwon, Hyun-Il;Kim, Kyung-Ho;Lee, Chung-Yong
    • Journal of Communications and Networks
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    • v.13 no.1
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    • pp.70-76
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    • 2011
  • This paper presents the unified user equipment (UE) baseband modulation and demodulation (modem) hardware platform architecture to support multiple radio access technologies. In particular, this platform selectively supports two systems; one is HEDGE system, which is the combination of third generation partnership project (3GPP) Release 7 high speed packet access evolution (HSPA+) and global system for mobile communication (GSM)/general packet radio service (GPRS)/enhanced data rates for GSM evolution (EDGE), while the other is LEDGE system, which is the combination of 3GPP Release 8 long term evolution (LTE) and GSM/GPRS/EDGE. This is done by applying the flexible pin multiplexing scheme to a hardwired pin mapping process. On the other hand, to provide stable connection, high portability, and high debugging ability, the stacking structure is employed. Here, a layered board architecture grouped by functional classifications is applied instead of the conventional one flatten board. Based on this proposed configuration, we provide a framework for the verification step in wireless cellular communications. Also, modem function/scenario test and inter-operability test with various base station equipments are verified by system requirements and scenarios.

Experimental Study on Cerebral Hemodynamics during Observation of Plants

  • Suda, Ayumu;Lee, Ju-Young;Fujii, Eijiro
    • Proceedings of the Korean Institute of Landscape Architecture Conference
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    • 2007.10b
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    • pp.214-219
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    • 2007
  • Psychological and physiological effects of plants were studied by investigating human responses while observing plants. Eighteen healthy adult male(aged between $19{\sim}25$ years) participated in this study. Semantic differential method(SD method) and multi-channel near-infrared spectroscopy(NIRS) were used to survey verbal and non-verbal response, respectively. Cerebral hemodynamics as a new evaluation index of brain activity was recorded for right brain hemisphere where visual information is mainly delivered. Thirty seconds of cerebral blood flow in forty seven channels were calculated when watching five types of picture images with different rates of hedge against gray block wall; 0:10, 3:7, 5:5, 7:3, 10:0. In the SD results, similar evaluations were found in all subjects. However, the change of cerebral hemodynamics as a non-verbal response varied among subjects. Largely two patterns of hemodynamics change were found with increasing plants rate in picture images; group A showed significant decreases of blood flow volume in many cortical regions, Group B had significant increase of blood flow volume in the occipital region for the scenes seen comparatively more plant. Our findings on the cerebral hemodynamics may indicate that there are two patterns of brain activity during observation of plants; group A in which brain areas associated with visual information and thinking work simultaneously to the visual stimuli; group B in which brain areas associated only with visual information work.

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Idiosyncratic Volatility, Conditional Liquidity, and Cross-section of Stock Returns in Korea (고유변동성, 조건부 유동성, 그리고 주식수익률의 횡단면에 관한 연구)

  • Yun, Sang-Yong;Cho, Seong-Soon;Park, Soon-hong
    • Asia-Pacific Journal of Business
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    • v.12 no.1
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    • pp.121-134
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    • 2021
  • Purpose - This study examines whether flight-to-liquidity (FTL) explains the dynamic liquidity risk on stock returns, and whether it has a significant influence on determinants the cross-section of stock returns. Design/methodology/approach - This study suggests a new risk factor, dynamic liquidity hedge portfolio (DLP), to reflect the dynamic impact of liquidity risk on stock returns and the Fama-MacBeth 2 stage regression analysis is employed in order to analyze the data. Findings - First, the DLP factor shows more positive and significant beta for the small or illiquidity stocks. Second, the DLP shows a different influence than SMB (size risk factor), HML (value risk factor), NMP (liquidity risk factor), FTVOL (total volatility factor) in determining the cross-section of stock returns. In addition, the DLP has a statistically significant risk premium of around 5%, which is relatively larger than other risk factors. Research implications or Originality - This study has academic value in terms of newly confirming that the DLP factor has a more significant impact on cross-sectional determination of stock returns than other risk factors by proposing a conditional liquidity factor that can explain the FTL phenomenon.

The effect of aromatherapy on pain in individuals with diabetes: a systematic review and meta-analysis

  • Mi-Kyoung Cho;Mi Young Kim
    • Journal of Korean Biological Nursing Science
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    • v.26 no.2
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    • pp.71-82
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    • 2024
  • Purpose: This study systematically analyzed the impact of aromatherapy on pain in individuals with diabetes. Methods: A search was performed in seven electronic databases based on the PICO-SD (Population, Intervention, Comparison, Outcome, Study Design) framework. The population (P) of interest was individuals with diabetes, and the intervention (I) included aromatherapy targeting pain reduction. The comparison (C) consisted of control groups that received no intervention, another intervention, or usual care. The outcome (O) measured was pain. The quality of the selected literature was assessed using the Joanna Briggs Institute checklist. In MIX 2.0 Pro, the pooled overall effect of pain was calculated using Hedge's g and a random-effects model, and heterogeneity was calculated using the Q statistic and Higgin's I2 values. Meta-regression and exclusion sensitivity analyses were performed. Results: Five articles and seven studies were included, showing a significant pooled overall effect of aromatherapy on diabetes-related pain (Hedge's g = -1.83, 95% CI: -2.76 to -0.91). Meta-regression demonstrated that effectiveness in reducing pain was associated with studies conducted in West Asia, those with IRB approval, and those receiving funding. Additionally, interventions involving subjects under 60, lavender oil (vs. turpentine oil or blended oils), massage therapy (vs. topical application), fewer hours per session, and more repeated measurements (vs. pre/post measurements) were associated with pain reduction. Conclusion: Aromatherapy, especially with lavender oil, effectively manages diabetes-related pain. Short-duration massage application is also effective. A personalized selection of oil type and application method could optimize therapeutic outcomes for individuals with diabetes.

통화선물을 이용한 최소분산 헤지비율 분석

  • Oh, Se-Yeol
    • The Korean Journal of Financial Management
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    • v.13 no.1
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    • pp.261-284
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    • 1996
  • 본 논문에서는 통화선물(일본 엔화와 독일 마르크화)에 대한 듀레이션 효과와 만기효과를 검증 하였다. 두 통화에 대한 1990-1994년까지의 현물과 선물의 주별자료를 가지고 분석한 결과 엔화와 마르크화의 통화선물계약에 대한 최소분산 헤지비율은 헤지기간(hedge duration)이 1주부터 5주까지 변함에 따라 증가하고 있으며 이러한 듀레이션효과는 계약만기가 가까워짐에 따라 헤지가 점점 제거되는 현상, 즉 만기효과에 의해서 영향을 받는 것으로 나타났다. 그리고 선형추세분석을 통해서 최소분산헤지비율이 베타헤지비율에 어떠한 추세로 접근하는 지를 알아보았다. 그 결과 듀레이션이 길어질수록 최소분산헤지비율이 증가하고, 계약만기에 가까워짐에 따라 최소분산헤지비율이 베타헤지비율, 1에 가까워지는 현상이 나타났다.

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THE EFFECT OF INFLATION RISK AND SUBSISTENCE CONSTRAINTS ON PORTFOLIO CHOICE

  • Lim, Byung Hwa
    • Journal of the Korean Society for Industrial and Applied Mathematics
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    • v.17 no.2
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    • pp.115-128
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    • 2013
  • The optimal portfolio selection problem under inflation risk and subsistence constraints is considered. There are index bonds to invest in financial market and it helps to hedge the inflation risk. By applying the martingale method, the optimal consumption rate and the optimal portfolios are obtained explicitly. Furthermore, the quantitative effect of inflation risk and subsistence constraints on the optimal polices are also described.

해외 선물을 이용한 헷지 시의 환 위험 관리:헷지 비율의 단순화 및 헷지 효과성

  • Kim, Hun-Yong
    • The Korean Journal of Financial Studies
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    • v.13 no.1
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    • pp.47-76
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    • 2007
  • 본 논문은 현물 가격이 외화로 표시되고 헷지 수단인 상품 선물이 해외에 상장되어서 선물 가격이 외화로 표시된 경우에, 상품 선물과 통화 선물을 이용하여 현물 가격의 위험과 환 위험을 헷지하는 "이중 헷지"를 연구한다. 일반적으로 최소분산 헷지(minimum-variance hedge)를 하려면, 최적 헷지 비율을 구하기 위해 통계 분석을 하여야 한다. 본 논문은 최소 분산 헷지를 하면서도, 통계 분석을 할 필요가 없는 "단순화"한 최적 헷지 비율을 구한다. 헷지 개시 시점의 현물 가격, 상품 선물 가격, 통화 선물 가격 및 환율만으로 쉽고 간단하게 최적 헷지 비율을 구할 수 있다. 헷지 효과성은 1이다.

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Empirical Analysis on Profit and Stability of Korean Reverse Convertible Funds

  • Shin, Yang-Gyu
    • Journal of the Korean Data and Information Science Society
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    • v.19 no.4
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    • pp.1073-1080
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    • 2008
  • Reverse convertible fund is a method of investment assuring both profit and stability in an unstable stock market, and shares characteristics of a hedge fund and derivative securities. This study analyzes empirically whether reverse convertible funds can indeed serve as a new method in variable stock market environment to provide high profit with low risks especially in the Korean stock market.

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