• Title/Summary/Keyword: Skewness Risk

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The Effect of Portal Search Intensity on Stock Price Crash (포털 검색 강도가 주가 급락에 미치는 영향에 관한 연구)

  • Kim, Min-Su;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.22 no.2
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    • pp.153-168
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    • 2017
  • Recent studies focus on the role of investor attention and transparency in stock-related information in explaining stock return and trading volume. Moreover, recent literatures predict that firm opacity will increase the likelihood of future stock price crashes. In this paper, we investigate, using Naver Trend, the relation between portal search intensity and stock price crash. Using various alternative measures of stock price crash risk and search intensity, we demonstrate that stocks with larger volume of portal search are less likely to experience stock price crashes. These results are consistent with our hypothesis that accumulated firm opacity cause future stock price crash. Finally, our results still hold even after we control for the potential effect of endogeneity in the regression specifications.

Correlation Between Sasang Constitution and Heart Rate Variability in Won-ju Rural Population (원주 지역 주민들의 사상체질과 심박수변이도와의 상관성)

  • Kim, Soo-Yeon;Sun, Seung-Ho;Yoo, Jun-Sang;Koh, Sang-Baek;Park, Jong-Ku
    • The Journal of Internal Korean Medicine
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    • v.30 no.3
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    • pp.510-524
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    • 2009
  • Objective : This study was designed to find the correlation between Sasang Constitution and heart rate variability(HRV). Method : There were 665 subjects (280 men and 385 women), between 39 and 72 years old. in a rural community. Sasang Constitution was diagnosed by a Sasang constitutional specialist using PSSC (Phonetic System for Sasang Constitution), face and tongue photo and checkup-list. A structured-questionnaire was used to assess the general characteristics. HRV was recorded using SA-2000 (medi-core). HRV was assessed by time domain and by frequency domain analysis. Metabolic syndrome was defined on the basis of clustering of risk factors, when three or more of the following cardiovascular risk factors were included : blood pressure, fasting blood sugar, triglyceride HDL-cholesterol, and abdominal obesity (waist). Because of the skewness of the data, logarithmic transformation was performed on the absolute units of the spectral components of HRV, and the resulting logarithmic values and normalized units were compared between the groups by a logistic regression. The 95% confidence interval (CI) of the odds ratio was used and calculated from the data laid out for a cross sectional study. Results : 1. Odds ratios of Taeeumin and Soeumin in female adults below 60 years old were significantly lower than that of Soyangin in LF norm and LF/HF ratio. Odds ratios of Taeeumin and Soeumin in female adults below 60 years old were significantly higher than that of Soyangin in HF norm. 2. There was no significant correlation between HRV and Sasang Constitution in female adults from 60 years old and over. 3. There was no significant correlation between HRV and Sasang Constitution in male adults. Conclusion : There is a statistically significant correlation between the HRV and Sasang Constitution. There is a tendency of increase in the sympathetic activity in Soyangin. There is a tendency of decrease in the parasympathetic activity in Taeeumin and Soeumin.

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The Effect on the Characteristics of Urban Storm Runoff due to the Space Allocation of Design Rainfall and the Partition of the Subbasin (도시유역에서의 강우 공간분포 및 소유역분할이 유출특성에 미치는 영향)

  • Lee, Jong-Tae;Lee, Sang-Tae
    • Journal of Korea Water Resources Association
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    • v.30 no.2
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    • pp.177-191
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    • 1997
  • The influences of the space allocation of design rainfall and partition of the subbasin on the characteristics of urban storm runoff was investigated for the 6 drainage basins by applying SWMM model. It show the deviation of -54.68∼18.77% in the peak discharge when we applied the composed JUFF quantiles to the two zones which are divided by upper and lower region of the basin. Then it is compared with the value for the case of using uniform rainfall distribution all over the drainage. Therefore, it would be helpful to decrease the flood risk when we adopt the space distribution of the design rainfall. The effects of the partitioning the drainage on the computing result shows various responses because of the surface characteristics of the each basin such as slope, imperviousness ratio, buy we can get closer result to the measured value as we make the subbasin detailed. If we use the concept of the skewness and area ratio when we determine the width of subbasin, we can improve the computed result even with fewer number of subbasins. We expect reasonable results which close into the measured results in the range of relative error, 25%, when we divide the basin into more than 3 subbasins and the total urban drainage area is less than 10$\textrm{km}^2$.

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Multidimensional Analysis of Unstructured Data and Trends in Architectural Review Opinions of Small and Medium-Sized Apartment Projects (다차원 분석방법을 활용한 중소규모 공동주택 건축심의 의견의 경향과 비정형 데이터로서의 특성분석)

  • Kim, Jinhee;Hwang, Taeeon;Kim, Jae-Sik;Huh, Youngki
    • Korean Journal of Construction Engineering and Management
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    • v.24 no.6
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    • pp.74-80
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    • 2023
  • This study examines the characteristics of architectural review opinions as unstructured data, focusing on the most challenging risk for developers of small and medium-sized apartment projects in response to the increasing number of single-person households in Korea. Using multidimensional analysis methods, the study analyzes the review opinions of 25 projects in B City. Correspondence analysis and MDS (Multidimensional Scale) analysis show that, consistent with prior research, the keywords related to 'structure' and 'planning' dominate architectural review opinions in B City. While the MDS model's stress is very poor at 34.4%, correspondence analysis reveals that this is due to the characteristics of unstructured data in architectural reviews. In addition, the non-structured data analyzed in this study, such as architectural review opinions, exhibited a probability distribution with low kurtosis and high skewness, as they involved various combinations and occurrences of data depending on the discretion of the review committee members and the specific formats of different local governments. This often led to the emergence of keywords that differed significantly from commonly mentioned terms. Although the study has some limitations, it provides a foundation for future detailed analysis by identifying the characteristics of architectural review opinions as unstructured data.