• The Journal of Industrial Distribution & Business
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• v.9 no.6
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• pp.49-55
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• 2018

Purpose - This paper examines the effect of related party transactions on crash firm-specific stock price crash risk. Ownership of a typical Korean conglomerate is concentrated in a single family. In those entities, management and board positions are often filled by family members. Therefore, a dominant shareholder can benefit from related party transactions. In Korea, firms have to report related party transactions in financial statement footnotes. However, those are not disclosed in detail. The more related party transactions are the greater information risk. Thus, companies with related party transactions are likely to experience stock price crashes. Research design, data, and methodology - 2,598 firm-year observations are used for the main analysis. Those samples are from TS2000 database from 2009 to 2013, and the database covers KOSPI-listed firms in Korea. The proxy for related party transactions (RTP) is calculated by dividing total transactions to the related-party by total sales. A dummy variable is used as a dependent variable (CRASH) in the regression model. Logistic regression is used to explain the relationship between related party transactions and crash risk. Then, the sample was separated into two groups; tunneling firms and propping firms. The relation between related party transactions and crash risk variances with features of the transaction were investigated. Results - Using a sample of KOSPI-listed firms in TS2000 database for the period of 2009-2013, I find that stock price crash risk increases as the trade volume of related-party transactions increases. Specifically, I find that the coefficient of RPT is significantly positive, supporting the prediction. In addition, this relationship is strong and robust in tunneling firms. Conclusions - The results report that firms with related party transactions are more likely to experience stock price crashes. The results mean that related party transactions increase the possibility of future stock price crashes by enlarging information asymmetry between controlling shareholders and minority shareholders. In case of tunneling, it could be seen that related party transactions are positively associated with stock crash risk. The result implies that the characteristic of the transaction influences crash risk. This study is related to a literature that investigates the effect of related party transactions on the stock market.

• Clinical and Experimental Pediatrics
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• v.60 no.11
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• pp.365-372
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• 2017

Purpose: The mechanism for the pathogenesis of adriamycin (ADR)-induced cardiomyopathy is not yet known. Different hypotheses include the production of free radicals, an interaction between ADR and nuclear components, and a disruption in cardiac-specific gene expression. Apoptosis has also been proposed as being involved in cardiac dysfunction. The purpose of this study was to determine if apoptosis might play a role in ADR-induced cardiomyopathy. Methods: Male Sprague-Dawley rats were separated into 2 groups: the control group (C group) and the experimental group (ADR 5 mg/wk for 3 weeks through intraperitoneal injections; A group). Echocardiographic images were obtained at week 3. Changes in caspase-3, B-cell leukemia/lymphoma (Bcl)-2, Bcl-2-associated X (Bax), interleukin (IL)-6, tumor necrosis $factor-{\alpha}$, brain natriuretic peptide (BNP), troponin I, collagen 1, and collagen 3 protein expression from the left ventricle tissues of C and A group rats were determined by Western blot. Results: Ascites and heart failure as well as left ventricular hypertrophy were noted in the A group. Ejection fraction and shortening fraction were significantly lower in the A group by echocardiography. The expression of caspase-3, Bax, IL-6, BNP, collagen 1, and collagen 3 were significantly higher in the A group as compared with the C group. Protein expression of Bcl-2 decreased significantly in the A group compared with the C group. Conclusion: ADR induced an upregulation of caspase-3, Bax, IL-6, and collagen, as well as a depression in Bcl-2. Thus, apoptosis and fibrosis may play an important role in ADR-induced cardiomyopathy.

• Proceedings of the Korea Technical Association of the Pulp and Paper Industry Conference
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• 1999.11b
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• pp.204-208
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• 1999

Friction was measured on filter paper sheets impregnated with model compounds representing wood extractives using an apparatus based on the horizontal plane principle. The best lubrication of paper surfaces was achieved when they were completely separated by a densely packed film of saturated long-chain amphophilic molecules, such as fatty acids. The fatty acids adsorbed with their polar ends on the paper surface, causing their hydrocarbon chaine to be orientated perpendicularly to the paper surface. The saturated C18-acid, stearic acid, was an efficient lubricator for paper surfaces. The introduction of a double bond in stearic acid eliminated its lubricating ability. The spatial length of the lubricating fatty acid thereby decreases from 24${\AA}$ to 11${\AA}$. However the transisomer of oleic acid, elidic acid, had the ability to lower friction due to an increased spatial length of the fatty acid. Both the spatial length of the hydrocarbon chain and the number of lubricating chains may be of importance for the paper-to-paper friction caused by wood extractives. A hydrophilic head-graup in the wood extractive and an ordered molecular layer of lubricating molecules seems also to be prerequisites for efficient lubrication. A chemical weak boundary layer between the paper sheets was suggested to cause the low friction when long chain saturated fatty acids were deposited on paper.

• Journal of Korean Society for Atmospheric Environment
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• v.16 no.1
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• pp.11-22
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• 2000

Polycyclic aromatic hydrocarbons(PAHs) have known as potentially hazardous air pollutants(HAPs0 to human health because of its carcinogenic and mutagenic behaviors. The purpose of this study was to determine the level of 6 PAHs(Fluoranthene, Pyrene, Benzo[a]anthracene, Chrysene, Benzo[b]fluoranthene, and Benzo[a]pyrene) as well as 10 inorganic elements(Cr, Na, K, Zn, Pb, Fe, Cu, Ti, Al and Cd) in the ambient PM-10. The total of 115 samples had been collected from February, 1996 to June, 1996 on quartz fiber by a PM-10 high volume air sampler near the Yong-Tong Apartment complexes. A statistical analysis was performed for the PAHs and inorganic elements data set using a principal component analysis in order to identify qualitatively the potential sources of PM-10. A total of 6 principal components were separated by intensive data pretrement and transformation processes, such as soil, refuse incineration, oil burning, coal burning, field burning, vehicle emission sources. The results showed that PAHs were associated with various burning activities like refuse and field burning, coal burning, and oil burning emissions in the study area. These derived sources were well matched with the previously known source profiles in terms of compositonal order and level of measured species. The combination data set consisted of both organic and inorganic species might provide more powerful source signature and might increase the number of potentially derived sources than PAHs or inorganic data alone.

• Korean Journal of Food Science and Technology
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• v.22 no.7
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• pp.732-737
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• 1990

In this study, the rutin contents in buckwheat and buckwheat foods were determined. Rutin in buckwheat and buckwheat foods was extracted with methanol and separated by High Performance Liquid Chromatography(HPLC) equipped with Lambda-Max Model 481 detector set at 355 nm using a ${\mu}$ Bondapak $C_{18}$ column and a 2.5% acetic acid:methanol:acetonitrile (35:5:10, v:v:v) solvent. There were differences in the rutin contents among the different species of buckwheat. The rutin contents in buckwheat groats were ranged from 8.84 mg to 24.77 mg/100g. The rutin contents in commercial buckwheat groats and flours were ranged from 15.04 mg to 20.92 mg/100g. The rutin contents in commercial dried buckwheat noodles, steamed buckwheat noodles, and buckwheat cookies were ranged from 1.76 mg to 10.84 mg/100g.

• The Journal of Korean Institute of Communications and Information Sciences
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• v.36 no.12C
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• pp.721-726
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• 2011

The compression performance of HEVC (high efficiency video coding) is improved 40%, compared to H.264/AVC. Since the existing 3D video CODEC is based on H.264/AVC or MPEG-2, we can improve the compression performance when we use the proposed stereoscopic video coding method based on HEVC. Since the stereoscopic video has the temporal and inter-view correlations, the videos of the left and right cameras encode together to improve the performance. Especially, we implemented the proposed technique using HM(HEVC test model) 3.4. To compare the performance of the proposed method, we only compare the right view video which is coded using the inter-view prediction. The proposed method which is considered inter-view correlation is improved the performance which BDBR reduce about 36.24% and BDPSNR increase approximately 1.19 dB compared to the separated-coding method.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.33 no.9
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• pp.1-8
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• 2005

This paper explored the effects of separation control through the use of pulsating jet blowing on a two dimensional elliptical airfoil. To develop an active control technique of flow separation, a flow control actuator utilizing continuous/pulsed jet of pressurized air was designed and installed in a wind tunnel testing model of elliptic wing. PIV measurement and flow visualization of the wing near field were conducted to access the feasibility and effectiveness of the pulsed jet blowing on controlling the stall of the elliptical wing in subsonic flow. PIV experimental results show that separation control can provide significant reduction in turbulent flow wake and separation bubbles by jet blowing. The pulsating jet blowing is more effective on the separation control than continuous one. Increased jet frequency suppressed the turbulent separated flow wake effectively at even higher AOAs.

• Earthquakes and Structures
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• v.1 no.4
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• pp.371-390
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• 2010

Historical buildings in seismically active regions are severely damaged by earthquakes, since they certainly were not designed by the original builders to withstand seismic effects. In particular the reports after major ground motions indicate that earthquake-induced pounding between buildings may lead to substantial damage or even collapse of colliding structures. The research on structural pounding during earthquakes has been recently much advanced, although most of the studies are conducted on simplified single degree of freedom systems. In this paper a detailed pounding-involved response analysis of three adjacent structures is performed, concerning the main bodies of the "Quinto Orazio Flacco" school. The construction includes a main masonry building, with an M-shaped plan, and a reinforced concrete building, separated from the masonry one and realized along its free perimeter. By the analysis of the capacity curves obtained by suitable pushover procedures performed separately for each building, it emerges that masonry and reinforced concrete buildings are vulnerable to earthquake-induced structural pounding in the longitudinal direction. In particular, due to the geometric configuration of the school, a special case of impact between the reinforced concrete structure and two parts of the masonry building occurs. In order to evaluate the pounding-involved response of three adjacent structures, in this paper a numerical procedure is proposed, programmed using MATLAB software. Both a non-linear viscoelastic model to simulate impact and an elastic-perfectly plastic approximation of the storey shear force-drift relation are assumed, differently from many commercial softwares which admit just one non-linearity.

• Korean Journal of Air-Conditioning and Refrigeration Engineering
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• v.17 no.4
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• pp.386-395
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• 2005

With the development of a living standard, the importance of indoor air conditioning system in all kinds of buildings and vehicles has increased. A lot of researches on energy losses in a duct and various kinds of flow pattern in branches or junctions have been carried out over many years, because the primary object of a duct system used in HVAC is to provide equal flow rate in the interior of each room by minimizing pressure drop. In this study, to get equal flow distribution in each branch, a blockage is applied to the rectangular duct system. The flow analysis for flow distribution of a rectangular duct with two branches was performed by CFD. By using SIMPLE algorithm and finite volume method, flow analysis is performed in the case of 3-D, incompressible, turbulent flow. Also, the standard $k-{\varepsilon}$ model and wall function method were used for analysis of turbulent fluid flow. The distribution diagrams of static pressure, velocity vector, turbulent energy and kinetic energy in accordance with variation of Reynolds number and blockages location in a rectangular duct show that flow distribution at duct outlets is improved by a blockage. In this rectangular duct system, mean velocity and flow rate distribution in two branch outlets are nearly constant regardless of variation of Reynolds number, and a flow pattern of the internal duct has a same tendency as well.

• The Journal of the Acoustical Society of Korea
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• v.14 no.2E
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• pp.5-11
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• 1995

In this paper, a method using a neural network was applied for the purpose of urilizing spatial features. The adopted model of neural network the three-layered architecture, and the training algorithm is the back-propagation algorithm. Co-occurrence matrix which is generated from original imge was used for imput pattern to the neural network in order to tolerate variations of patterns like rotation of displacement. Co-occurrence matrix is explained in appendix. To evaluate this method, classification was executed with this method and texture features method over the city area and sand area, which cannot be separated with the conventional method mentioned aboved. In the results of this method and texture features proposed by Haralick the method using texture features was separation rate of 67%~89%. On the contrary, the method using neural network proposed in this research was stable and high separation rate of 80%~98%.