• 재무관리연구
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• 제25권4호
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• pp.79-116
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• 2008

본 논문은 1980년 1월부터 2004년 9월까지 한국 거래소 시장수익률을 이용하여 RiskMetrics, GARCH, IGARCH, GJR, APARCH 등의 모형에 정규분포, 스튜던트 t분포, 왜도 스튜던트 t분포 등을 이용하여 어느 분포를 가진 모형이 보다 더 정확한 VaR을 추정할 수 있는지를 실증검증 하였다. 실증결과 표본 내 검증 시 모든 신뢰수준($90%{\sim}99.9%$)에서 롱 포지션 전략에서는 ${\lambda}=0.87$를 가진 IGARCH 모형 및 왜도 스튜던트 t분포가 가장 우월하며, 숏 포지션 전략에서는 GARCH 및 GJR 모형이 그리고 왜도 스튜던트 t분포가 가장 우월하였고, 99% 이상의 신뢰수준에서는 또한 ${\lambda}=0.87$를 가진 IGARCH 모형이 롱 및 숏 포지션 양 전략에서 우월하였다. 또한 분포의 경우 롱 포지션에서 왜도 스튜던트 t분포, 숏 포지션에서 스튜던트 t분포가 가장 우월하였다. 표본 외 검증에서도 동일한 결과를 제시하고 있다.

• Geomechanics and Engineering
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• 제33권4호
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• pp.341-352
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• 2023

Long-short pile composite foundations bear both vertical and horizontal loads in many engineering applications. This study used indoor model tests to determine the horizontal bearing mechanism of a composite foundation with long and short piles under horizontal loads. A custom experimental device was developed to prevent excessive eccentricity of the vertical loading device caused by the horizontal displacement. ABAQUS software was used to analyze the influence of the load size and cushion thickness on the horizontal bearing mechanism. The results reveal that a large vertical load leads to soil densification and increases the horizontal bearing capacity of the composite foundation. The magnitude of the horizontal displacement of the pile and the horizontal load borne by the pile are related to the piles' positions. Due to different pile lengths, the long piles exhibit long pile effects and experience bending deformation, whereas the short piles rotate around a point (0.2 L from the pile bottom) as the horizontal load increases. Selecting a larger cushion thickness significantly improves the horizontal load sharing capacity of the soil and reduces the horizontal displacement of the pile top.

• 대한치과교정학회지
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• 제45권4호
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• pp.180-189
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• 2015

Objective: To compare the positions of the mandibular premolars in Angle Class I subjects according to vertical facial type. The results will provide a theoretical basis for predicting effective tooth movement in orthodontic treatment. Methods: Cephalometric parameters were determined using cone-beam computed tomography in 120 Angle Class I subjects. Subjects were categorized as short, normal, and long face types according to the Frankfort mandibular angle. Parameters indicating the position of the mandibular right premolars and the mandible were also measured. Results: The angle between the mandibular first premolar axis and buccal cortex, the distance between the root apex and buccal cortex, angle of vestibularization, arc of vestibularization, and root apex maximum movable distance were significantly greater in the short face type than in the long and norm face types. The angle between the mandibular second premolar axis and buccal cortex, the distance from root apex to buccal cortex, and the arc of vestibularization were significantly greater in the short face type than in the normal face type. Conclusions: There are significant differences in the mandibular premolar positions in Class I subjects according to vertical facial type.

• 재무관리논총
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• 제2권2호
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• pp.315-344
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• 1995

The relationship of information flow and market price formation are central to the basic tenets of financial economics. Whereas information is usually treated as being either public or private(monopolistic), most empirical studies focus on the price effects of public announcements. More recent research has centered more on the role of private information, such as insider trading, in efficient pricing and whether such trading increases investor welfare. Typically, 'insider trading' refers to an officer that trades in his/her company's shares. Insider trading, however, also refers to anyone who generates private, albeit costly, information concerning a stock's fundamental value. Normally, such insider activity is more difficult to ascertain. One way in which negative information is revealed is through short-selling activity, especially the monthly short-interest positions reported by the national stock exchanges. Diamond and Verrecchia(1987) provide a theoretical paradigm that predicts a negative price adjustment upon announcement of n company's monthly short interest, if the short interest displays an unusual increase and is correlated with negative information that is not yet public. Empirical studies of the short-run, negative price effect predicted by Diamond and Verrecchia find mixed results. One explanation is that the time period studied is too short for the market to absorb the informational content of these announcements. One reason is that these announcements are an ambiguous signal that requires more individuals and time to collect and act on the same information before full revelation occurs or before the implicit information becomes publicly known. This 'long delayed reaction' also serves as a motivation for related research on the wealth effect of mergers, share repurchases, and initial equity offerings in which long-run performance differs from the initial, short-run reaction to such announcements or offerings.

• Imaging Science in Dentistry
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• 제44권1호
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• pp.61-65
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• 2014

Purpose: This study was performed to evaluate the position of impacted mandibular third molars in different skeletal facial types among a group of Iranian patients. Materials and Methods: A total of 400 mandibular third molars in 200 subjects with different types of facial growth were radiographically investigated for their positions according to their types of facial growth on the basis of the ${\beta}$ angle. The subjects were divided into three groups (class I, II, and III) according to ANB angle, representing the anteroposterior relationship of the maxilla to the mandible. Meanwhile, the subjects were also divided into three groups (long, normal, and short face) according to the angle between the stella-nasion and mandibular plane (SNGoGn angle). ANOVA was used for statistical analysis. Results: The mean ${\beta}$ angle showed no significant difference among class I, II, and III malocclusions (df=2, F=0.669, p=0.513). The same results were also found in short, normal, and long faces (df=1.842, F=2, p=0.160). The mesioangular position was the most frequent one in almost all of the facial growth patterns. Distoangular and horizontal positions of impaction were not found in the subjects with class III and normal faces. In the long facial growth pattern, the frequency of vertical and distoangular positions were not different. Conclusion: In almost all of the skeletal facial types, the mesioangular impaction of the mandibular third molar was the most prevalent position, followed by the horizontal position. In addition, ${\beta}$ angle showed no significant difference in different types of facial growth.

• 한국융합학회논문지
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• 제8권11호
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• pp.383-391
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• 2017

본 연구는 2003~2014년 기간 동안 원유, 동, 그리고 밀 선물시장에서 투기거래자들의 투자심리와 가격 움직임 간의 관계를 그랜저(Granger) 인과관계검정을 사용하여 분석하였다. 분석 결과, 대체적으로 각 선물시장에서 투기거래 포지션은 수익률을 예측하는데 도움이 되지 못했으며, 역으로 시장수익률이 투자자들의 투자심리에 영향을 미치는 것으로 나타났다. 이러한 결과는 가격상승기와 재상승 후 완만한 하락기에서 더욱 두드러진 경향을 보였다. 한편, 원유 및 동 선물시장의 가격하락기에서는 투자심리지수 변화가 양(+)의 방향으로 수익률을 예측하는 것으로 나타났는데, 이는 가격하락기에는 투자심리가 악화됨에 따라 가격의 하락폭이 더욱 확대되는 현상에 부합하는 결과이다. 투기거래 포지션이 시장가격에 미치는 영향은 뚜렷하지 않으므로 선물시장의 투기거래에 대한 정책당국의 과도한 규제는 바람직하지 않으나, 가격하락기에는 투기거래자들의 매도거래나 지수거래자들의 포지션 청산이 가격하락을 더욱 부추길 수도 있으므로 포지션 제한을 강화하는 등의 적절한 대책이 강구될 필요가 있다.

• Asian-Australasian Journal of Animal Sciences
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• 제15권4호
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• pp.576-584
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• 2002

Bovine PAS-4 is an integral membrane glycoprotein expressed in mammary epithelial cells. Complementary DNA (cDNA) cloning of PAS-4 was performed by reverse-transcriptase polymerase chain reaction (RT-PCR) with oligonucleotide probes based on it's amino terminal and internal tryptic-peptides. The cloned PAS-4 cDNA was 1,852 nucleotides (nt) long and its open reading frame (ORF) was encoded 1,413 base long. The deduced amino acid sequence indicated that PAS-4 consisted of 471 amino acid residues with molecular weight of 52,796, bearing 8 potential N-glycosylation sites and 9 cysteine residues. Partial bovine CD36 cDNA from liver also was sequenced and the homology of both nucleotide sequence was 94%. Most of the identical amino acid residues were in the luminal/extracellular domains. Contrary to PAS-4, bovine liver CD36 displays 6 potential N-glycosylation sites, which were located, except for those at positions 101 and 171, at same positions as PAS-4 cDNA. Cysteine residues of PAS-4 and CD36 were same at position and in numbers. Northern blot analysis showed that PAS-4 was widely expressed, although its mRNA steady-state levels vary considerably among the analyzed cell types. PAS-4 possessed hydrophobic amino acid segments near the amino- and carboxyl-termini. Two short cytoplasmic tails of the amino- and carboxyl-terminal ends constituted of a 5-7 and 8-11 amino acid residues, respectively.

• 한국환경과학회지
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• 제28권4호
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• pp.423-433
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• 2019

This study was carried out to identify the problems of the underground watersheds on Jeju Island, and to establish the hydraulic groundwater basin to be used as basis for the analysis of the groundwater model. In order to evaluate the adequacy of the groundwater basin on Jeju Island, a correlation analysis between elevation and groundwater level was conducted using data from 125 observation wells. The analysis, conducted with an elevation step of 100 m, exhibited values of R2 in the range 0.1653-0.8011. No clear correlation was observed between elevation and groundwater level. In particular, the eastern and western areas showed an inverse proportionality between elevation and groundwater level. The Kriging technique was used to analyze the underground water level data and to define the equipotential lines for all areas of Jeju Island. Eight groundwater watersheds were delineated by considering the direction of groundwater flow, the positions of the observation wells, and the long and short axes of the watersheds.

• 한국생물정보학회:학술대회논문집
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• 한국생물정보시스템생물학회 2005년도 BIOINFO 2005
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• pp.118-123
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• 2005

With the increasing availability of mammalian genome sequences it became possible to use large scale phylogenetic analysis in order to locate potentially functional regions. In this paper we describe a new probabilistic method for the characterization of phylogenetic conservation in mammalian DNA sequences. We have used this method for the analysis of Hox gene clusters, based on the alignment of 6 species, and we constructed a map of for indicating short and long conserved fragments and their positions with respect to the known locations of Hox genes and other elements, sometimes showing surprising layouts.

• 음성과학
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• 제8권4호
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• pp.221-228
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• 2001

The purpose of this study is to analyze the problems Korean students, having acoustic structure of Korean vowels, have when they pronounce English vowels by measuring formant frequencies. The experimental results show that the pronunciation of English vowels by Korean students is partially influenced by their Korean vowels. There is little distinction between /i/ and /I/, /U/ and /u/ due to the absence of short and long vowels in Korean pronunciation. Also, as observed in typical Korean vowel pronunciation, there is little difference between the F1 values of /$\varepsilon$/ and /$\{\ae}$/ by Korean speakers, resulting in inaccurate English pronunciation. In addition, compared to English native speakers, Korean speakers show the biggest difference in F1 value of /c/. The fact that they make pronunciation of /c/ covering /e/, /$\Lambda$/ and /c/ positions probably accounts for such phenomenon. The results of this experiment show the interference of Korean that occurred in some English vowels by native Korean speakers.