• Title/Summary/Keyword: Long term effect

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The Difference-in-Difference Model Analysis about the Effects of Long-Term Care Insurance on Family Relationships' Change (노인장기요양보험제도가 가족관계의 변화에 미치는 영향에 대한 이중차이모델 분석)

  • Min, Kichae
    • 한국노년학
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    • v.31 no.4
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    • pp.999-1014
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    • 2011
  • The purpose of this study is to examine the effects of long-term care insurance(macro-system) on family relationship(micro-system)s' change based on ecosystems theory. Data come from the second(2007) and the fourth(2009) Korean Welfare Panel Study(KWPS). Experimental group is the beneficiary using long-term care insurance and the member of household in their households, and control group is the non-beneficiary not using long-term care insurance and the member of household in their households. The main findings of difference-in-difference model analysis are as follows. First, the ecosystems theory is a theory examining the correlation between long-term care insurance and family relationship. Second, the effects of long-term care insurance is not income effect but independent effect. This result shows that the meaning of family has faded away and family relationship has been weaken and that long-term care insurance has not complete characteristics as a social insurance. Thus, system reforms of long-term care insurance is highly needed for system comprehensiveness, coverage, adequacy, and service accessibility and is changed into family-friendly social policy.

The Effects of Privatization of State-Owned Enterprises on IPO Firms' Initial and Long-term Returns (민영화를 위한 중국 국유기업 신규상장이 투자자의 장단기 주가 수익률에 미치는 영향)

  • Kim, Sung-Hwan;Li, Xin-Yu;Liu, Yong-Sang
    • Asia-Pacific Journal of Business
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    • v.12 no.2
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    • pp.97-114
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    • 2021
  • Purpose - The purpose of this study was to examine the effects of privatization of Chinese state-owned enterprises (SOEs) on their initial returns and long-term performance after initial public offering(IPO). Design/methodology/approach - This study used 1,599 Chinese IPO firms, some of which were SOEs. The multivariate regression analyses were implemented to analyze their effects. Findings - First, the privatization of SOEs does not have any statistically significant effect on the initial return of IPO firms. Second, the shareholdings of government prior to IPOs for both privatizing of SOEs and non-privatizing firms and for both exchanges of Shanghai and Shenzhen have a statistically significant positive effect on the initial return of IPO firms. Third, the privatization of SOEs has statistically significant negative effect on the long-term returns of IPO firms. Fourth, the state-shareholdings prior to IPOs have statistically significant negative effects on the long-term return of IPO firms. Fifth, the state-shareholdings of the privatizing SOEs prior to IPOs have statistically significant positive effects on the long-term return of IPO firms. Research implications or Originality - The results imply that the higher shareholdings and ownership of the Chinese government on SOEs reduce the information asymmetry for the investors of IPO shares or maybe due to inefficiency of SOEs prior to IPOs lead to lower offer prices or higher opening prices leading to severe underpricing and relatively lower stock market returns in the long-run both for the privatizing firms and for the higher state-shareholding firms, while both factors interactively improve their long-term stock market returns.

The Effect of Relationship Learning on Recontracting Intention in the Foodservice Franchise Industry (관계 학습이 프랜차이지의 재계약 의사에 미치는 영향)

  • Nam, Jung-Heon;An, Sung-Hoon
    • Culinary science and hospitality research
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    • v.15 no.3
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    • pp.54-68
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    • 2009
  • This study is to examine the structural relationships between relationship learning, their antecedents such as transaction specific assets, and environmental uncertainty, and long-term orientation, overall satisfaction and recontracting intention in the context of the foodservice franchise industry. The data is analyzed with structural equation modeling with Amos 5.0 and SPSS 14.0. The result of the overall model analysis appeared as follows: $x^2=57.75$, df=9, p=0.00, GFI=0.95, AGFI=0.81, RMSR=0.03, NFI=0.92, CFI=0.93. Since the result of the overall model analysis demonstrated a good fit, we could further analyze our data. The results of this study are as follows: First, information sharing of relationship learning had a significantly positive effect on long-term orientation. Second, information sharing of relationship learning did not have a significantly positive effect on overall satisfaction. Third, shared interpretation of relationship learning had a significantly positive effect on long-term orientation and overall satisfaction. Fourth, developing memories of relationship learning did not have a significantly positive effect on long-term orientation and overall satisfaction. Fifth, overall satisfaction had a significantly positive effect on long-term orientation. Sixth, long-term orientation and overall satisfaction had a significantly positive effect on recontracting intention. Finally, transaction specific assets and environmental uncertainty had a significantly positive effect on relationship learning. At the end of this paper, limitations, further research directions, and implications are suggested.

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An experimental and numerical study on long-term deformation of SRC columns

  • An, Gyeong-Hee;Seo, Jun-Ki;Cha, Sang-Lyul;Kim, Jin-Keun
    • Computers and Concrete
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    • v.22 no.3
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    • pp.261-267
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    • 2018
  • Long-term deformation of a steel-reinforced concrete (SRC) column is different from that of a reinforced concrete (RC) column due to the different moisture distribution. Wide-flange steel in an SRC column obstructs diffusion and makes long-term deformation slower. Previous studies analyzed the characteristics of long-term deformation of SRC columns. In this study, an additional experiment is conducted to more precisely investigate the effect of wide-flange steel on the long-term deformation of SRC columns. Long-term deformation, especially creep of SRC columns with various types of wide-flange steel, is tested. Wide-flange steel for the experiment is made of thin acrylic panels that can block diffusion but does not have strength, because the main purpose of this study is to exclusively demonstrate the long-term deformation of concrete caused by moisture diffusion, not by the reinforcement ratio. Experimental results show that the long-term deformation of a SRC column develops slower than that in a RC column, and it is slower as the wide-flange steel hinders diffusion more. These experimental results can be used for analytical prediction of long-term deformation of various SRC columns. An example of the analytical prediction is provided. According to the experimental and analytical results, it is clear that a new prediction model for long-term deformation of SRC columns should be developed in further studies.

A finite element model for long-term analysis of timber-concrete composite beams

  • Fragiacomo, M.
    • Structural Engineering and Mechanics
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    • v.20 no.2
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    • pp.173-189
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    • 2005
  • The paper presents a finite element model for studying timber-concrete composite beams under long-term loading. Both deformability of connection system and rheological behaviour of concrete, timber and connection are fully considered. The creep of component materials and the influence of moisture content on the creep of timber and connection, the so-called "mechano-sorptive" effect, are evaluated by means of accurate linear models. The solution is obtained by applying an effective step-by-step procedure in time, which does not require storing the whole stress history in some points in order to account for the creep behaviour. Hence the proposed method is suitable for analyses of composite beams subjected to complex loading and thermo-hygrometric histories. The possibility to accurately predict the long-term response is then shown by comparing numerical and experimental results for different tests.

Long-term Behavior of IPC Girder Bridge (IPC 거더 교량의 장기거동 해석)

  • 권승희;김진근;이상순;한만엽
    • Proceedings of the Korea Concrete Institute Conference
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    • 2001.05a
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    • pp.107-112
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    • 2001
  • The IPC(Incremental Prestressed Concrete) which is gradually introducing the tensile force by tendons has been recently developed for reducing the effective depth of PSC bridges. As well known, concrete experiences long-term deformation such as creep and drying shrinkage, and the prediction of the long-term behavior of concrete bridges is essential for both safety and serviceability aspects. This paper was analysed the long-term behavior of a continuous 2-span IPC girder bridge taking into consideration of creep, drying shrinkage and the time of tensile force introduction. As results, the shrinkage of slab concrete increases the negative moment at interior support, and the The difference of concrete ages between slab and girder increases the camber. The effect of initial tensile force is larger than the effect of secondary tensile force in the tendons.

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The Effect of DINESCAPE on the Patient Satisfaction, and Long-Term Relationship in the Plastic Surgery -Focusing on Chinese Patients- (성형외과 다인스케이프(DINESCAPE)가 환자만족과 장기적 관계유지의도에 미치는 영향 -중국인 환자를 중심으로-)

  • Yang, ZhengHua;Kim, Saebum
    • Korea Journal of Hospital Management
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    • v.19 no.4
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    • pp.34-44
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    • 2014
  • The objective of this study is to analyze the effects of DINESCAPE on patient satisfaction and the intention of maintaining long-term relationship for Chinese Patients who received medical services at plastic surgery clinics in South Korea. For an empirical analysis, a total of 250 respondents were surveyed from may 1 to october 20, 2014. Of these, 200 respondents were considered to be reliable for statistical analysis. According to the analysis results, among the components of DINESCAPE, atmosphere, cleanliness, convenience and accessibility, employees service, and the convenience of using the websites had positive effects on patient satisfaction, which exerted a positive effect on the intention of maintaining long-term relationship with patients.

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Experimental Study for the Long-term Behavior of Shear Wall (전단벽의 장기거동 특성에 관한 실험적 연구)

  • 권승희;김진근
    • Proceedings of the Korea Concrete Institute Conference
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    • 2001.11a
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    • pp.197-202
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    • 2001
  • It is necessary to Investigate long-term behavior of vertical members such as column and shear wall because the long-term behavior induces the serviceability problem of reinforce-concrete structures. However, the long-term behavior on shear wall has not been fully studied. Experimental works are performed to understand the time dependent behavior of shear wall, especially the effect of loading area in this research. Three different types of cross sections are adopted, i.e., 10$\times$10 cm, 10$\times$30 cm, and 10$\times$50 cm with the same loading area of 10$\times$10 cm. The creep strains were different from point to point in the section of the shear wall specimen because of the nonlinear stress distribution. The effect of the nonlinear stress distribution was larger in the specimen with the larger width.

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Ionic Liquid as a solvent and Long-Term Separation Performance in Polymer/Silver Salt Complex Membrane

  • Kang, Sang-Wook;Kim, Jong-Hak;Char, Kook-Heon;Kang, Yong-Soo
    • Proceedings of the Polymer Society of Korea Conference
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    • 2006.10a
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    • pp.307-307
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    • 2006
  • The reduction behavior of silver ions to silver nanoparticles is an important research topic in polymer/silver salt complex membranes for facilitated olefin transport, because it has a significant effect on the long-term stability of membrane performance. In this study, the effects of solvent on the formation of silver nanoparticles and long-term membrane performance in polymer/silver salt complex membrane were investigated. This effect was assessed for the complexes of poly(N-vinyl pyrrolidone) $(PVP)/AgBF_{4}$ with the use of ionic liquid (IL), acetonitrile (ACN) and water as a solvent. Membrane performance test shows that long-term stability is strongly dependent on the kind of solvent and arranged: IL > ACN >> water.

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The Effect of Sealing Technology on the Long-Term Stability of Dye-Sensitized Solar Cell Module (염료감응 태양전지 모듈의 장기안정성 향상을 위한 실링기술 연구)

  • Lee, Kwangsoo;Ko, Min Jae
    • Current Photovoltaic Research
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    • v.4 no.4
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    • pp.155-158
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    • 2016
  • Long-term stability of dye-sensitized solar cell (DSSC) module is critical for the commercialization. We investigated the effect of sealing technology on the long-term stability of the $10cm{\times}11cm$ sized DSSC modules. We applied the concept of secondary sealing to the module and then performed several stability tests such as humidity cycle, 1 sun light soaking and outdoor stability tests. The enhanced stability was confirmed for the DSSC module employing optimized sealing materials and architectures.