• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.15 no.6
• /
• pp.43-54
• /
• 2020

This paper investigates the causal impact of the increase in institutional distance between two geographic regions on the flow of cross-border Venture Capital (VC) between the regions. While cross-border VCs are believed to have competitive advantages at identifying and managing promising startups in a local market compared to local counterparts, the discrepancy in institutional characteristics between two markets exacerbates the difficulty of credible information exchange and negotiation, significantly increasing transaction cost related to a cross-border venture capital investment. This study conducts a difference-in-difference analysis to examine the relationship between institutional distance and the flow of cross-border VC investment using the fact that the official adoption of the Euro currency by member countries of the European Union except the UK created an institutional chasm between the UK and other EU member countries. The outcomes of the analysis suggests that UK-based VCs significantly decreased the VC investment into EU-based startups and that EU-based VCs reduced the investment into UK-based startups. The results have meaningful implications for understanding the impact of the change in institutional difference on cross-border VC investment, which seems to increasingly take place with the recent trend of de-globalization and the rise of protectionism.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.19 no.1
• /
• pp.1-21
• /
• 2024

Recently, venture capital investment has been shrinking globally due to high interest rates and economic slowdown. Korea is no exception. Due to the downturn in the M&A and public markets, increasing economic uncertainty, and the aftermath of corporate bankruptcies, venture capitalists are facing many difficulties in raising funds. In the changed economic environment, the investment decision factors of venture capitalists have also changed. However, studies on VCs' investment decisions have focused on the general economic environment. This study examines how VCs' investment decision-making factors change during economic recessions and booms. To this end, we interviewed active investors who have experienced both economic recessions and booms to compare how VCs' investment decision factors change: 1) personal characteristics of founders, 2) experience of founders, 3) product/service, 4) market, 5) financial situation, 6) contract terms and 7) venture capital co-investment. The results showed that founder's personal characteristics, experience, and product/service were more important during the economic recession. Market is slightly more important during economic booms. The importance of financial situation and investment conditions increased sharply during the recession compared to the boom. Finally, venture capital co-investment did not differ significantly between recessions and booms. By understanding the investment decision-making factors of venture capitalists in the recent difficult venture investment environment, this study aims to help startups raise funds and survive in a difficult market.

• Journal of Microbiology
• /
• v.37 no.2
• /
• pp.97-101
• /
• 1999

Random hexapeptide library on the surface of filamentous bacteriophage was constructed using the SurfZAP vector. The size of the library was approximately 105. The peptide insert was flanked by two cysteines to constrain the peptide structure with a disulfide bond. This library was screened for the topoisomerase II binding peptide. Dramatic enrichment of the fusion phage over the VCS M13 helper phage was demonstrated by bio-panning affinity selection.

• Proceedings of the Korea Contents Association Conference
• /
• 2009.05a
• /
• pp.699-705
• /
• 2009

This paper reviews methods used to perform reliability and availability analysis of the network system composed by nodes and links. The combination of nodes and links forms virtual connections (VC). The failure of several VCs cause failure of whole network system. Petri Net models are used to analyze the reliability and availability. Stochastic reward nets (SRN) is an extension of stochastic Petri nets provides modelling facilities for network system analysis.

• Journal of the Korean institute of surface engineering
• /
• v.23 no.1
• /
• pp.27-33
• /
• 1990

Thermodynamic analysis on silicon consumpton during the chemical vapor deposition of tungten was carried out by calculation equilibrium concerations of all possible product species utilizing a computer progrom according to VCS.(Villars-Cruise-Smith) algorithm. The calculation could show various reaction paths which dominate the tungsten deposition under different process conditions. According to the calculation, the consumption of silicon can also be reduced at a lower total pressure SiH4 without H2 as the reacting gas is most effective for suppression of the excessive consumption of silicon during the deposition process.

• The Bulletin of The Korean Astronomical Society
• /
• v.33 no.2
• /
• pp.41.1-41.1
• /
• 2008

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.17 no.2
• /
• pp.8-14
• /
• 2016

When Open Source Projects are processed by multiple developers, the Version Control Systems, which control the different versions of the same file being used, is a very useful tool. On the other hand, because most of conventional VCS(SVN, Git, etc.) mainly control the history of the modifications of the source codes or documents, there is an inconvenience that each developer should modify the development environment whenever the development environment is modified. To overcome this inconvenience, this paper suggests a scheme of VC for OSP. The basic concept of the suggested scheme is that an image, including the development environment and controls, is created as a new version using the Docker, virtualization tool of the container method. To review the functional appropriateness of the suggested scheme, after establishing the Docker on the hosts that use the different OS( Ubuntu12.0.4, CentOS7), this study tested a VC that could control the different versions including the history of modifications of the development environment and evaluated them by a comparison with the conventional VCS. The results show that the suggested scheme is a convenient scheme of VC for the OSP.

• Journal of the Institute of Convergence Signal Processing
• /
• v.15 no.2
• /
• pp.55-63
• /
• 2014

In this paper, we introduce the performance evaluation of data archive system for saving correlation result of Daejeon correlator with high-data rate. Daejeon correlator supports various correlation modes, but the speed of correlation result is affected by correlator according to the integration time in each mode. Maximum data rate of Daejeon correlator is 1.4GB/s in case of C1 mode with 25.6ms integration time. In this research, the performance evaluation of the proposed data archive system is conducted for saving correlation results connected with 4 10GbE optical cable with VCS (VLBI Correlation Subsystem), which is the core system of Daejeon correlator. For the experiments, the data archive system for 2 benders was selected and benchmark test was performed. In this paper, the developed data generation program of VCS correlation result file for benchmark test and evaluation results are described.

• Annals of Rehabilitation Medicine
• /
• v.42 no.6
• /
• pp.846-853
• /
• 2018

Objective To compare the effects of low intensity ultrasound (LIUS), traditional exercise therapy (TET), low level laser therapy (LLLT) and TET on temporomandibular joint (TMJ) pain and trismus following recovery from head and neck cancer (HNC). Methods Sixty participants following, who had experienced HNC, were randomly allocated to three groups of 20 people each. Each group received different therapy. Group A received LIUS and TET; group B received LLLT and TET; while group C received TET. All 60 participants were evaluated under the visual analog scale (VAS), the University of Washington Quality of Life questionnaire (UW-QOL) and the Vernier caliper scale (VCS) at the beginning of the therapies and after 4 weeks. Results ANOVA test revealed significant improvements across all three groups with outcomes of p<0.05. The results of the UW-QOL questionnaire showed a significant difference between groups A, B and C in favor of group A (p<0.05). The VAS results showed a more improvement in group A as compared to group B (p<0.05), while there was no statistical difference between groups B and C (p>0.05). The VCS results showed more improvement for the individuals in group B as compared to those in group C (p<0.05), while there was minimal difference between groups A and B (p>0.05). Conclusion The LIUS and TET are more effective than LLLT and/or TET in reducing TMJ pain and trismus following HNC.

• Proceedings of the KSR Conference
• /
• 2011.10a
• /
• pp.2949-2951
• /
• 2011

It is expected that domestic railway vehicle operation companies may be subjected to GHG emission reduction when GHG emission system is enforced. This study aimed that reviewing on GHG emission system such as CDM, VCS and KCER, and analysing availability of GHG emission credit acquisition for railroad transportation sector. In order to estimate GHG emission credit, a GHG emission estimation methodology should be developed, which includes GHG emission baseline estimation and GHG emission monitoring method, MRV method and etc. Modal shift project, high speed train technology, straight lining project, mass transportation technology, operation optimization tehcnology and etc. may produce GHG emission credit.