• Title/Summary/Keyword: Macau

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The Effects of SOX and Internal Control Weaknesses on the Relation between the Real Earnings Management and Audit Fees

  • Sohn, Byungcherl Charlie;Shim, Hoshik
    • Asia Pacific Journal of Business Review
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    • v.2 no.2
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    • pp.17-44
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    • 2018
  • This study investigates whether the positive relation between the real earnings management (REM) and audit fees reported by Choi et al. (2016) differs before and after the Sarbanes-Oxley Act (SOX), and varies cross-sectionally depending on the existence of internal control problems. Using a large sample of U.S. firms, we find that the positive relation between REM and audit fees is stronger than the same relation between AEM and audit fees in the post-SOX period, whereas the opposite is true in the pre-SOX period. We also find that the positive relation between REM and audit fees is intensified for firms with material internal control weaknesses.

A Study on the Reliability Estimation of Loop Distribution System Considering Directional Relay (방향성 계전기를 고려한 루프 배전계통 신뢰도 평가에 관한 연구)

  • Park, Jin-Hyun;Cho, Sung-Min;Cho, Bo-Hyeon;Sin, Hee-Sang;Kim, Jae-Chul
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.59 no.11
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    • pp.1942-1948
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    • 2010
  • Recently, the radial distribution system is operating as one-way power flow. These are popular because of their simple design and relatively low cost. However, radial systems are sensitive to outages due to single contingencies. Also, reliability of supply is becoming increasingly important. Accordingly, an appearance of the loop distribution system is inevitable and the other countries such as Macau, Florida, Taiwan are actively working on. The reliability of distribution system is estimated with reliability indices. In this paper, comparing with the radial distribution system, we evaluate and analyse the reliability of loop distribution system quantitatively considering directional relay.

Reinventing Butterfly: Contesting Colonial Discourse in David Henry Hwang's M. Butterfly and Shirley Lim's Joss and Gold

  • Chiu, Man Yin
    • Cross-Cultural Studies
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    • v.20
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    • pp.211-224
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    • 2010
  • In David Henry Hwang's M. Butterfly and Shirley Lim's Joss and Gold, two Asian-American texts exploring the relationship between America and Asia, the classic Orientalist motif of the infinitely submissive oriental female is reworked to articulate an Asian response to American hegemony. Both works mobilize the Asian female as a figure of contestation to destabilize and reconceptualize the patriarchal and Orientalist strategies of Western cultural and political domination. This paper explores the tactically different though strategically similar counter-discursive moves adopted in the two works to suggest a broader cultural realignment in Asian-American relations.

HEAT KERNEL ESTIMATES FOR DIRICHLET FRACTIONAL LAPLACIAN WITH GRADIENT PERTURBATION

  • Chen, Peng;Song, Renming;Xie, Longjie;Xie, Yingchao
    • Journal of the Korean Mathematical Society
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    • v.56 no.1
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    • pp.91-111
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    • 2019
  • We give a direct proof of the sharp two-sided estimates, recently established in [4, 9], for the Dirichlet heat kernel of the fractional Laplacian with gradient perturbation in $C^{1,1}$ open sets by using Duhamel's formula. We also obtain a gradient estimate for the Dirichlet heat kernel. Our assumption on the open set is slightly weaker in that we only require D to be $C^{1,{\theta}}$ for some ${\theta}{\in}({\alpha}/2,1]$.

Authentication and quality control of Cordyceps sinensis, a traditional Chinese medicine known as winter-worm summer-grass

  • Cheung, Jerry KH;Li, Shao P;Tsim, Karl WK
    • Advances in Traditional Medicine
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    • v.5 no.4
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    • pp.262-271
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    • 2005
  • Cordyceps, one of the most valued traditional Chinese medicines, consists of the dried fungus Cordyceps sinensis growing on the larva of caterpillar. It is also known as 'winter-worm and summer-grass' because of its appearance during different seasons. The parasitic complex of the fungus and the caterpillar is found in soil of a prairie at an elevation of 3,500 to 5,000 meters in northwestern part of China. According to Chinese medicinal theory, Cordyceps is used to replenish the kidney and soothe the lung, and indeed many clinical applications have been reported. The natural Cordyceps is rare and expensive on the local market, and therefore, several mycelial strains have been isolated from natural Cordyceps and manufactured in large quantities by fermentation technology, and they are commonly sold as health food products in Orient. The adulterants of Cordyceps are commonly found on the market, and therefore the authentication of these products has to be defined. Having the urgent need from current market, different chemical markers such as nucleoside, ergosterol, mannitol and polysaccharide are being used for quality control of Cordyceps. Unfortunately, these markers are far from optimization, and therefore extensive works are needed to define the pharmacological efficiency of these markers.

The Study on the Effect of Casino Tourism Policy : Focused on the Casino Tourists Service in Macau Area1

  • CHOI, Youngsoo;KIM, Chansoon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.8 no.2
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    • pp.43-56
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    • 2020
  • Purpose - This study is regarding customer service environment in casino marketing under a study on the factors affecting casino tourist satisfaction based on casino tourists' various needs. Research design and methodology - The study of casino tourism policy factors is proceeded by interviewing tourists of Macao casino. A total of 220 copies were distributed and 193 copies were collected, but 13 copies were not conceded due to insincere responses, and a total of 180 cases were analyzed for this study. Based on the analysis results, the casino tourism policy factors were derived through satisfaction level of casino tourist service as follows. Results - Firstly, the casino tourist satisfaction is a positive influence on casino visits, so efforts should be made to enhance tourist satisfaction when establishing cultural experience programs and casino marketing strategies. Casino culture for tourist should be matured to develop casino tour. In order to increase the satisfaction level of revisiting casino resorts, various cultural products such as clean environment should be developed to enhance the satisfaction level of casino visitors in the future. Secondly, a positive impact of cultural, experiential visits and psychological motivations affect to tourists' psychological stability through cultural experiences as well as casino games. Thirdly, casino tourist satisfaction has been shown to provide a positive impact on behavior intention. Conclusions - Based on the results of this research, the marketing of casino tour is to identify tourists' needs and increase satisfaction.

An Interactive Perspective Scene Completion Framework Guided by Complanate Mesh

  • Hao, Chuanyan;Jin, Zilong;Yang, Zhixin;Chen, Yadang
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.14 no.1
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    • pp.183-200
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    • 2020
  • This paper presents an efficient interactive framework for perspective scene completion and editing tasks, which are available largely in the real world but rarely studied in the field of image completion. Considering that it is quite hard to extract perspective information from a single image, this work starts from a friendly and portable interactive platform to obtain the basic perspective data. Then, in order to make this interface less sensitive, easier and more flexible, a perspective-rectification based correction mechanism is proposed to iteratively update the locations of the initial points selected by users. At last, a complanate mesh is generated by the geometry calculations from these corrected initial positions. This mesh must approximate the perspective direction and the structure topology as much as possible so that the filling process can be conducted under the constraint of the perspective effects of the original image. Our experiments show the results with good qualities and performances, and also demonstrate the validity of our approaches by various perspective scenes and images.

Investigation of modal identification and modal identifiability of a cable-stayed bridge with Bayesian framework

  • Kuok, Sin-Chi;Yuen, Ka-Veng
    • Smart Structures and Systems
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    • v.17 no.3
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    • pp.445-470
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    • 2016
  • In this study, the Bayesian probabilistic framework is investigated for modal identification and modal identifiability based on the field measurements provided in the structural health monitoring benchmark problem of an instrumented cable-stayed bridge named Ting Kau Bridge (TKB). The comprehensive structural health monitoring system on the cable-stayed TKB has been operated for more than ten years and it is recognized as one of the best test-beds with readily available field measurements. The benchmark problem of the cable-stayed bridge is established to stimulate investigations on modal identifiability and the present paper addresses this benchmark problem from the Bayesian prospective. In contrast to deterministic approaches, an appealing feature of the Bayesian approach is that not only the optimal values of the modal parameters can be obtained but also the associated estimation uncertainty can be quantified in the form of probability distribution. The uncertainty quantification provides necessary information to evaluate the reliability of parametric identification results as well as modal identifiability. Herein, the Bayesian spectral density approach is conducted for output-only modal identification and the Bayesian model class selection approach is used to evaluate the significance of different modes in modal identification. Detailed analysis on the modal identification and modal identifiability based on the measurements of the bridge will be presented. Moreover, the advantages and potentials of Bayesian probabilistic framework on structural health monitoring will be discussed.

Biotransformation, a Promising Technology for Anti-cancer Drug Development

  • Gao, Fei;Zhang, Jin-Ming;Wang, Zhan-Guo;Peng, Wei;Hu, Hui-Ling;Fu, Chao-Mei
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.10
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    • pp.5599-5608
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    • 2013
  • With the high morbidity and mortality caused by cancer, finding new and more effective anti-cancer drugs is very urgent. In current research, biotransformation plays a vital role in the research and development of cancer drugs and has obtained some achievements. In this review, we have summarized four applications as follows: to exploit novel anti-cancer drugs, to improve existing anti-cancer drugs, to broaden limited anti-cancer drug resources and to investigate correlative mechanisms. Three different groups of important anti-cancer compounds were assessed to clarify the current practical applications of biotransformation in the development of anti-cancer drugs.

Nitrogen Removal from a mixed Industrial Wastewater using Food-Waste Leachate and Sugar Liquid Waste as External Carbon Sources: Full-Scale Experiment (혼합 산업폐수의 질소제거를 위한 외부 탄소원 투입과 물질수지: 실증실험)

  • Lee, Monghak;Ahn, Johwan;Lee, Junghun;Bae, Wookeun;Shim, Hojae
    • Journal of Korean Society on Water Environment
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    • v.28 no.5
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    • pp.663-668
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    • 2012
  • The feasibility of enhancing biological nutrient removal from an industrial wastewater was tested with food waste leachate and sugar liquid waste as external carbon sources. Long term influences of adding external carbon sources were investigated to see how the biological nutrient removal process worked in terms of the removal efficiency. The addition of the external carbons led to a significant improvement in the removal efficiency of nutrients: from 49% to approximately 76% for nitrogen and from 64% to around 80% for phosphorus. Approximately, 20% of the removal nitrogen was synthesized into biomass, while the remaining 80% was denitrified. Though the addition of external carbon sources improved nutrient removal, it also increased the waste sludge production substantially. The optimal observed BOD/TN ratio, based on nitrogen removal and sludge production, was around 4.0 in this study.