• Journal of the Korea Academia-Industrial cooperation Society
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• v.18 no.1
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• pp.231-237
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• 2017

This study examines the relationship between voluntary information disclosure and the effective tax rate using Investor Relation (IR) as the proxy for the level of the firm's voluntary information disclosure, and effective corporate tax rate as the proxy for the level of tax avoidance. This study considers sample data from 1,396 firms listed on the Korea Composite Stock Price Index (KOSPI) from 2011-2014. The results of this study are as follows: Investor Relation (IR) had a positive correlation with effective corporate tax rate. This result got on with the result of additional analysis using extra measurement of effective corporate tax rate. According to these results, we expect that firms featuring greater voluntary information disclosure report enhanced business performance. This study contributes understanding how Investor Relation (IR) affects tax avoidance. We hope that this study can promote the development of capital markets and provide good news to investors for firms that have greater information disclosure.

• Fisheries and Aquatic Sciences
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• v.23 no.6
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• pp.16.1-16.10
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• 2020

This study was conducted in Lake Hayq between January and December 2018. The objectives of this study were to determine the growth, condition, sex ratio, fecundity, length at first sexual maturity (L₅₀), and spawning seasons of common carp (Cyprinus carpio). Monthly fish samples of C. carpio were collected using gillnets of stretched mesh sizes of 4, 6, 7, 8, 10, and 13 cm and beach seines of mesh size of 6 cm. Immediately after the fish were captured, total length (TL) and total weight (TW) for each individual were measured in centimeters and grams, respectively, and their relationship was determined using power function. Length at first maturity (L₅₀) was determined for both males and females using the logistic regression model. The spawning season was determined from the frequency of mature gonads and variation of gonadosomatic index (GSI) values of both males and females. Fecundity was analyzed from 67 mature female specimens. The length and weight relationship of C. carpio was TW = 0.015TL^2.93 for females and TW = 0.018TL^2.87 for males that indicate negative allometric growth in both cases. The mean Fulton condition factor (C_F) was 1.23 ± 0.013 for females and 1.21 ± 0.011 for males. The value of C_F in both cases was > 1 that shows both sexes are in good condition. Among the total 1055 C. carpio collected from Lake Hayq, 459 (43.5%) were females and 596 (56.5%) were males. The chi-square test showed that there was a significant deviation between male and female numbers from 1:1 ratio (χ²= 22, df = 11, P > 0.05) within sampling months. The length at first sexual maturity (L₅₀) for females and males were 21.5 and 17.5 cm, respectively. Males mature at smaller sizes than females. The spawning season of C. carpio was extended from February to April, and the peak spawning season for both sexes was in April. The average absolute fecundity was 28,100 ± 17,462. C. carpio is currently the commercially important fish while Nile tilapia fishery has declined in Lake Hayq. Therefore, this baseline data on growth, condition, and reproductive biology of common carp will be essential to understand the status of the population of carp and design appropriate management systems for the fish stock of Lake Hayq, Ethiopia, and adjacent countries.

• Journal of the Korean Association of Geographic Information Studies
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• v.10 no.3
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• pp.49-57
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• 2007

The purpose of this study is to analyze contemporary changes of landcover patterns and landscape structure in order to provide basic data and methods for sustainable management and conservation in Baekdu Daegan region using GIS and landscape indices. According to the results based on the pattern analysis of landcover changes using the change detection matrix between 1975 and 2000, addition on $3.6km^2$ became urbanized areas. Otherwise, $85.7km^2$ of forest area shift into agriculture($72.2km^2$) and grass area($10.1km^2$) for the vegetables in highland condition and stock farm. According to the landscape structure analysis using landscape indices, forest areas were unstable forest structures because of fragmentation. Thus, to improve forest ecosystem, significant amount of forest through a new forest management policy considering local environmental conditions are needed. And, the connectivity of forests in local regions should be considered as well.

• Journal of Korean Society of Forest Science
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• v.101 no.2
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• pp.266-278
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• 2012

The objective of this study was developing dynamic stand growth model to predict diameter at breast height (DBH) growth by thinning intensity and cycle for major tree species of South Korea. The yield table, one of static stand growth models, constructed by Korea Forest Service was employed to prepare dynamic stand growth models for 8 tree species. In the process of model development, the thinning type was designated to thinning from below and equations for predicting the DBH change after thinning by different intensities was generated. In addition, stand density (N/ha), age and site index were adopted as explanatory variables for DBH prediction model. Thereafter, using the model, DBH growth under various silvicuture through integrating such equations considering thinning intensities, and cycles. The dynamic stand growth model of DBH developed in this study can provide understanding of effectiveness in forest growth and growing stock when thinning practice is performed in forest. Furthermore, results of this study is also applicable to quantitatively assess the carbon storage sequestration capability.

• Food Science of Animal Resources
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• v.30 no.5
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• pp.703-716
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• 2010

It has recently been considered urgent to establish an accurate definition and scope of functional foods in the livestock industry in Korea. The tertiary function of food is gradually emphasized with various changes in conditions such as international competitive power enhancement of the whole world, including Korea. Therefore, the purpose of this study was carried out to gather basic information toward the establishment of standardization, management plans, and a system adapted to the Korean state through researching management systems of functional meat and meat products in the European Union (EU) and the Oceania Area (OA). A brief summary of this study is as follows. In the EU and OA, special management systems and laws about functional livestock and products were once nonexistent; only 'nutrition claims' and 'health claims' operated in the nutritional consolidation side of foods. Also, it was once thought that functional index materials and permissions established in the application of functional products sufficed, because management standards for enriched food were not established. Therefore, standardization of functional live stock products needs to be considered based on the case of developed countries in the EU and OA. It also seems that the above functional indicative substances can be applied, based on normal standards of indicative substances of functional products and the normal standards of indicators of functional substances added to livestock products presented in this study.

• KDI Journal of Economic Policy
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• v.13 no.4
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• pp.117-140
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• 1991

The purpose of this paper is primarily to introduce a nonparametric statistical tool developed by Baek and Brock to detect a unidirectional causal ordering between two economic variables and apply it to interesting macroeconomic relationships among money, production and prices. It can be applied to any other causal structure, for instance, defense spending and economic performance, stock market index and market interest rates etc. A key building block of the test for nonlinear Granger causality used in this paper is the correlation. The main emphasis is put on nonlinear causal structure rather than a linear one because the conventional F-test provides high power against the linear causal relationship. Based on asymptotic normality of our test statistic, the nonlinear causality test is finally derived. Size of the test is reported for some parameters. When it is applied to a money, production and prices model, some evidences of nonlinear causality are found by the corrected size of the test. For instance, nonlinear causal relationships between production and prices are demonstrated in both directions, however, these results were ignored by the conventional F-test. A similar results between money and prices are obtained at high lag variables.

• Korean Journal of Environmental Biology
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• v.38 no.1
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• pp.30-39
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• 2020

The changes in fish stock and biomass before and after fishway renovation located in a Korean estuary were studied and fluctuations in the economic value of the fish resources were estimated. The target fishway located in the east coast area in Korea was renovated in 2014 from the small fish ladder to the ice-harbor fishway. Monitoring was continued for five consecutive years after the renovation(2015 to 2019). Since the renovation of the fish passage, the economic values increased with increases in the fishery resources, except for in 2016 when the drought impact was severe. The yearly average incremental increase in the five years after the renovation was about 227%. The increase in economic value is believed to be due to the increased population of migratory fish as a result of habitat expansion. The exponential rise model showed an increase in economic value with increasing fishery resources (R²=0.896). The model coefficient contributing to economic analysis was 0.582 and the maximum economic value after the renovation was estimated at about 30.4 million. The economic value would be a useful index for quantitative comparison in terms of ecosystem services before and after renovation.

• Management & Information Systems Review
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• v.35 no.2
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• pp.273-284
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• 2016

The objective of this study is to analyze the market efficiency in the futures markets. Although many previous studies have investigated market efficiency between spot and futures prices, that with different maturities has not been studied in the futures markets extensively. For our objective, this paper examines KOSPI200 stock index future market with different maturities. We analyze the dynamic serial relationship of the difference of basis between nearest-month contract and next nearest-month contract using dynamic regression analysis suggested by Kawamoto and Hamori(2011) Using the data from 2000. 1 to 2013. 12, the major empirical findings are as follows: First. the mean and standard deviation of basis of next nearest-month contract is bigger than those of nearest-month contract. Second, the t-period basis of nearest-month contract can be explained by (t-1)period basis of that. Third, the basis spread of t-period and (t-1)period have negative affect on the return of underlying assets. This result is very reasonable because two basis spreads are derived from same underlying assets. Finally, basis information of next nearest-month contract can be used for the prediction of nearest-month contract and spot market return.

• Journal of the Economic Geographical Society of Korea
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• v.12 no.4
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• pp.507-520
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• 2009

The purpose of this study is to analyze the changes in the housing instability of low-income households through their residential mobility. The concept of housing instability is measured by taking into consideration of housing types, number of moves, period of homelessness, and housing affordability index. The result of this study shows that housing instability of low-income households owned their homes is mainly caused from their old housing built in at least 1980, and that of tenant households is due to the heavy burden of rent-to-income ratio. By using multinominal logit model, the study finds that low-income tenant households are more likely to move upwards as they are man-headed, aged and relatively high-income if we categorize residential mobility into four types: upwards, equivalent, trade-off, and downwards migration. Considering that the share of homeowners moving downwards increases while the share of tenants moving upwards decreases as they reside increasingly nearby Seoul, the study finds that low-income households living in big cities are no better off to improve their residential instability for themselves than the low-incomes in local small and midium cities. Furthermore, both low-income owners and tenants are less likely to move downwards as the ratio of single-family housing in former residence increases. Such finding has a policy implication that government needs to maintain affordable single-family housing stock rather than supplying excessive unaffordable multi-family housing in order to enhance residential instability of low-incomes households.

• Journal of Korea Technology Innovation Society
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• v.21 no.4
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• pp.1577-1605
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• 2018

This study analyzes China's technology billionaires. However, this study does not show the accumulating process of wealth in each of the Chinese billionaires, because there are many technology billionaires, but only deals with the macro analysis of the technology billionaire; the pattern of existence, comparison with other industries, the process of wealth creation reflecting China's particularity, and comparison with the world's technology billionaires. The findings of this study are as follows. First, more than 10 billion yuan of Chinese billionaires will emerge from 2004. Second, in the early days, illegal and corruption made rich, but the wealth of own efforts has gradually increased. Third, the real estate and manufacturing billionaires are still strong overall, but the growth of billionaires in technology, medicine and finance industry is remarkable. Fourth, in the case of the top 10 richest, four are from real estate, four from technology, and two from manufacturing and distribution. Most technology billionaires are in Guangdong, Zhejiang, Beijing and Shanghai. The determinants of the number of billionaires are GDP, exchange rate to US Dollar and Shenzen Stock Index, and those of technology billionaire are GDP and exchange rate. Given the relationship with existing theories, this study can be called the fifth type of billionaire research. Conceptually, the main reason for accumulating wealth is the search for policy opportunities, market opportunities and technology opportunities.