• Title/Summary/Keyword: Local Accounting

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The Determinants of Future Bank Stock Returns in Eight Asian Countries

  • An, Jiyoun;Na, Sung-O
    • East Asian Economic Review
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    • v.18 no.3
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    • pp.253-276
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    • 2014
  • We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock returns during normal times. However, during the Global Financial Crisis period, different variables such as local market beta, illiquidity risk, equity ratio, and off-balance sheets ratio were statistically significant. Thus, researchers and policy practitioners should monitor these variables during normal times as well as during times of crisis.

Analysis of Ordiances for the Development of Regional Specialized Industries and Implications (드론산업 조례 분석을 통한 지역특화산업 발전 방안)

  • Heo, Ji Hyun;Kim, Hak-Cho;Kwon, Jong-Wook
    • Asia-Pacific Journal of Business
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    • v.12 no.4
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    • pp.227-240
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    • 2021
  • Purpose - The purpose of this study is to compare and analyze the ordinances of local government in Korea to provide improvement plans for the ordinances of Drone industry. To this end, all Drone ordinances in Korea were reviewed. Design/Methodology/Approach - In this study, literature research methods were mainly used for the analysis. Furthermore, it was based on domestic laws and ordinances of local government, and preceding research data regarding government policies. Findings - Based on the analysis of domestic drone industry ordinances, the enactment of drone industry ordinances by local governments was rapidly increasing. In addition, it was urgent to enact ordinances for the use and support of drones in each region. The implication that it is necessary to subdivide the contents according to the characteristics of each region was drawn. In most of the ordinances, provisions on the basic plan and implementation plan of the drone industry could not be found. It was found that it was necessary to foster an efficient drone industry through the establishment and operation of short-term and long-term plans. Implications were drawn that it is necessary to revitalize the drone industry and expand the drone use industry. Research Implications or Originality - This paper suggest the establish an ordinance for utilizing and supporting Drone industry. Additionally, establishment of suitable ordinance for regional characteristics is needed. In future research, detailed data on Yeongwol's Drone industry based on survey should be derived. Moreover, the development plan and implication for drone industry should be derived through analysis of the survey data.

Congenital Dermatofibrosarcoma Protuberans: A Case Report (선천성 융기성 피부섬유육종: 증례보고)

  • Yun, Byung-Min
    • Archives of Plastic Surgery
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    • v.37 no.3
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    • pp.285-288
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    • 2010
  • Purpose: Dermatofibrosarcoma protuberans is a rare tumor, accounting for 0.1% of all malignant tumors. Although metastasis is very uncommon, local recurrence occur frequently. Dermatofibrosarcoma protuberans occurring in children is even more rare; this is the first case report of congenital dermatofibrosarcoma protuberans in Korea. Methods: The patient is a 14-month-old male infant with a lesion that was first thought to be a birthmark. The lesion grew larger, and a punch biopsy revealed dermatofibrosarcoma protuberans. A wide local excision was performed with a 2 cm peripheral resection margin beyond the gross tumor lesion. Deep fascia and a portion of muscle underneath the central part of the lesion were also taken. The surgical defect was covered by a split-thickness skin graft. Results: There has been no clinical sign of recurrence over one year after the surgery. Conclusion: A patient with congenital dermatofibrosarcoma protuberans detected at an early stage underwent a wide local excision of the tumor after accurate diagnosis was carried out by biopsy and immunohistochemical studies. There was no clinical evidence of tumor recurrence during over a 1-year follow-up.

Improved refined plastic hinge analysis accounting for local buckling and lateral-torsional buckling

  • Thai, Huu-Tai;Kim, Seung-Eock;Kim, Jongmin
    • Steel and Composite Structures
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    • v.24 no.3
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    • pp.339-349
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    • 2017
  • In this paper, a conventional refined plastic hinge analysis is improved to account for the effects of local buckling and lateral-torsional buckling. The degradation of flexural strength caused by these effects is implicitly considered using practical LRFD equation. The second-order effect is captured using stability functions to minimize modeling and solution time. An incremental-iterative scheme based on the generalized displacement control method is employed to solve the nonlinear equilibrium equations. A computer program is developed to predict the second-order inelastic behavior of space steel frames. To verify the accuracy and efficiency of the proposed program, the obtained results are compared with the existing results and those generated using the commercial finite element package ABAQUS. It can be concluded that the proposed program proves to be a reliable and effective tool for daily use in engineering design.

Direct strength method for high strength steel welded section columns

  • Choi, Jong Yoon;Kwon, Young Bong
    • Steel and Composite Structures
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    • v.29 no.4
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    • pp.509-526
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    • 2018
  • The direct strength method adopted by the AISI Standard and AS/NZS 4600 is an advanced design method meant to substitute the effective width method for the design of cold-formed steel structural members accounting for local instability of thin plate elements. It was proven that the design strength formula for the direct strength method could predict the ultimate strength of medium strength steel welded section compressive and flexural members with local buckling reasonably. This paper focuses on the modification of the direct strength formula for the application to high strength and high performance steel welded section columns which have the nominal yield stress higher than 460 MPa and undergo local buckling, overall buckling or their interaction. The resistance of high strength steel welded H and Box section columns calculated by the proposed direct strength formulae were validated by comparison with various compression test results, FE results, and predictions by existing specifications.

The Analysis of the current state and components of Korea's National Debt (한국의 국가채무 현황과 구성요인 분석)

  • Yang, Seung-Kwon;Choi, Jeong-Il
    • Journal of Digital Convergence
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    • v.18 no.9
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    • pp.103-112
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    • 2020
  • The purpose of this study is to examine the current status and components of Korean National Debt and to analyze the effects of each component on National Debt. In the Korean Statistical Information Service (KOSIS), we searched for data such as General Accounting Deficit Conservation, For Foreign Exchange Market Stabilization, For Common Housing Stability, Local Government Net Debt Public Funds, etc that constitute National Debt. The analysis period used a total of 23 annual data from 1997 to 2019. The data collected in this study use the rate of change compared to the previous year for each component. Using this, this study attempted index analysis, numerical analysis, and model analysis. Correlation analysis result, the National Debt has a high relationship with the For Common Housing Stability. For Foreign Exchange Market Stabilization, Public Funds, etc., but has a low relationship with the Local Government Net Debt. Since 1997, National Debt has been increasing similarly to the For Foreign Exchange Market Stabilization, For Common Housing Stability and Public Funds etc. Since 2020, Korea is expected to increase significantly in terms of For Common Housing Stability and Public Funds, etc due to Corona19. At a time when the global economic situation is difficult, Korea's National Debt is expected to increase significantly due to the use of national disaster subsidies. However, if possible, the government expects to operate efficiently for economic growth and financial market stability.

In Pursuit of Low Carbon Cities: Understanding Limitations of ICLEI's International Local Government Greenhouse Gas Emissions Protocol (저탄소도시를 지향하며 -ICLEI 규약의 한계성 분석-)

  • Kim, Oh Seok
    • Journal of the Korean Geographical Society
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    • v.48 no.1
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    • pp.151-165
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    • 2013
  • This article addresses potential errors in accounting greenhouse gas (GHG) emissions based on the International Council for Local Environmental Initiatives' (ICLEI's) International Local Government Greenhouse Gas Emissions Analysis Protocol (IEAP). The IEAP seems to provide practical guidelines for local governments so that they can measure their GHG emissions. The outcomes are immediately convertible for any national GHG inventory analysis when one is constructed based on the methodology drafted by Intergovernmental Panel on Climate Change. Further, it provides a societal foundation at the global level in order for local governments to collectively deal with 'double-counting' and 'allocation' problems. However, ICLEI's IEAP overlooks two major issues: (1) the protocol does not consider carbon dioxide emissions due to burning biological fuel as a type of GHG emission; and (2) it overlooks the possibility of indirect double-counting when producing emission factors at the local level. Thus, the limitations must be fixed so that the local governments can measure their GHG emissions more precisely, while the accurate GHG inventory will ultimately support reducing the local governments' emissions to mitigate anthropogenic climate change.

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Design of User Data Management System for Grid Service (그리드 서비스를 위한 사용자 데이터 관리 시스템 설계)

  • Oh, Young-Ju;Kim, Beob-Kyun;An, Dong-Un;Chung, Seung-Jong
    • Proceedings of the KIEE Conference
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    • 2005.05a
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    • pp.224-226
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    • 2005
  • Grid computing enables the fundamental computing shift from a localized resource computing model to a fully-distributed virtual organization with shared resources. In the grid computing environment, grid users usually get access rights by mapping their credential to local account. The mapped total account is temporally belongs to grid user. So, data on the secondary storage, which is produced by grid operation, can increase the load of system administration or can issue grid user's privacy. In this paper, we design a data management system for grid user to cover these problems. This system implements template account mechanism and manages local grid data.

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Object Tracking Based on Weighted Local Sub-space Reconstruction Error

  • Zeng, Xianyou;Xu, Long;Hu, Shaohai;Zhao, Ruizhen;Feng, Wanli
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.13 no.2
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    • pp.871-891
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    • 2019
  • Visual tracking is a challenging task that needs learning an effective model to handle the changes of target appearance caused by factors such as pose variation, illumination change, occlusion and motion blur. In this paper, a novel tracking algorithm based on weighted local sub-space reconstruction error is presented. First, accounting for the appearance changes in the tracking process, a generative weight calculation method based on structural reconstruction error is proposed. Furthermore, a template update scheme of occlusion-aware is introduced, in which we reconstruct a new template instead of simply exploiting the best observation for template update. The effectiveness and feasibility of the proposed algorithm are verified by comparing it with some state-of-the-art algorithms quantitatively and qualitatively.

Health Risk of Potato Farmers Exposed to Overuse of Chemical Pesticides in Iran

  • Sookhtanlou, Mojtaba;Allahyari, Mohammad Sadegh;Surujlal, Jhalukpreya
    • Safety and Health at Work
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    • v.13 no.1
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    • pp.23-31
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    • 2022
  • Background: Potato is the main crop of Ardabil Plain (accounting for one-fifth of potato production in Iran). Its health hazard risk to farmers is rising due to the increasing rate of pesticide use. The present study analyzes potato farmers' health hazard risk in the use of chemical pesticides. Methods: The rate of pesticide use by farmers (n = 370) was first compared with the recommended dosage (on pesticide label). Then, a composite index was employed to estimate the health hazard risk of farmers during pesticide use, and the variables accounting for pesticide overuse and nonoveruse were analyzed. Safety behavior was examined in four steps, namely of pesticide purchase and storage, preparation, application, and postapplication. Results: It was found that 74.6 percent of potato farmers used pesticides in higher concentrations than the recommended dosage. The higher average rate of pesticide use versus recommendation (label instruction) was related to Chlorpyrifos and Trifluralin, and the highest average health hazard risk among farmers was related to the use of Chlorpyrifos and Metribuzin. Farmers with a higher risk of health hazard displayed much lower safety behavior than the other farmers at all steps of pesticide use. Conclusion: The most important variables discriminating the health hazard risk of farmers' overuse included health behavior identity, attitude, knowledge and awareness, and cues to action. Therefore, using social media, holding local exhibitions, and engaging local leaders and skilled farmers in the region to improve farmers' attitudes and health behavior identity toward the dangers of chemical pesticides can play a significant role in motivating farmers' display of overuse preventive behaviors.