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The Effect of Foreign Investment on Dividend Yield Ratio of KOSDAQ Firms (벤처.중소기업의 외국인지분이 배당수익률에 미치는 영향에 대한 연구)

  • Chung, Won Sub
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.5
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    • pp.129-139
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    • 2014
  • This study supplements the limitation as much as possible that existing literatures have, and, on the target of new registered businesses to KOSDAQ, this study presents answers to the worries raised earlier by recovering problems on causal relationship direction between foreigner investment and dividend level and by analyzing them with dividend level as an independent variable. First, with the whole samples used, dividend income rate didn't show significant relationship with foreigners' investments. It is similar to study result of the existing literature. A panel analysis, on the target of sample businesses that paid dividends before foreigners' investments originated, showed that foreigners' investments didn't have a significant effect on dividend rate. It means that foreigner investors don't have an effect on dividend level. But, a panel analysis of samples shows that foreigner investments have a significant thesis relationship with dividend level variable, that is dividend return rate, except the businesses which paid dividend before foreigners' investments originated. It means that in case foreign investors' preference is controlled, in the businesses which pay dividends, foreign investors have a significant effect on dividend level to native KOSDAQ. Especially, this study result is very significant, for it shows that dividend return rate, insignificant in existing studies, was significant when foreigners' preferences to the businesses which pay dividends was controlled. It means that the more foreigners' shares increase, the more relative importance of dividend out of all profits increases, compared with all of the amounts at the time, and that foreign investors stick to short-term profit and induce big dividend.

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A study on Decision Model of Disuse Status for the Commercial Vehicles Considering the Military Operating Environment

  • Lee, Jae-Ha;Moon, Ho-Seok
    • Journal of the Korea Society of Computer and Information
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    • v.25 no.1
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    • pp.141-149
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    • 2020
  • The proportion of commercial vehicles currently used by the private sector among the vehicles operated by the military is very high at 58% and plans to increase further in the future. As the proportion of commercial vehicles in the military has increased, it is also an important issue to determine whether to disuse of commercial vehicles. At present, the decision of disuse of commercial vehicles is subjectively judged by vehicle technical inspector using design life and vehicle usage information. However, the difference according to the military operation environment is not reflected and objective judgment criteria are not presented. The purpose of this study is to develop a model to determine the disuse status of commercial vehicles in consideration of military operating environment. The data used in the study were 1,746 commercial vehicles of three types: cars, vans and trucks. Using the information of the operating area, climate characteristic, vehicle condition the decision model of disuse status was constructed using the classification machine learning technique. The proposed decision model of disuse status has an average accuracy of about 97% and can be used in the field. Based on the results of the study, the policy suggestions were proposed in the short and long term to improve the performance of decision model of disuse status of commercial vehicles in the future and to establish a new data construction method within the logistics information system.

Effect of rainfall events on soil carbon flux in mountain pastures

  • Jeong, Seok-Hee;Eom, Ji-Young;Lee, Jae-ho;Lee, Jae-Seok
    • Journal of Ecology and Environment
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    • v.41 no.11
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    • pp.302-309
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    • 2017
  • Background: Large-scale land-use change is being caused by various socioeconomic problems. Land-use change is necessarily accompanied by changes in the regional carbon balance in terrestrial ecosystems and affects climate change. Therefore, it is crucial to understand the correlation between environmental factors altered by land-use change and the carbon balance. To address this issue, we studied the characteristics of soil carbon flux and soil moisture content related to rainfall events in mountain pastures converted from deciduous forest in Korea. Results: The average soil moisture contents (SMC) during the study period were 23.1% in the soil respiration (SR) plot and 25.2% in the heterotrophic respiration (HR) plot. The average SMC was increased to 2.1 and 1.1% in the SR and HR plots after rainfall events, respectively. In addition, saturated water content was 29.36% in this grassland. The soil water content was saturated under the consistent rainfall of more than $5mm\;h^{-1}$ rather than short-term heavy rainfall event. The average SR was increased to 28.4% after a rainfall event, but the average HR was decreased to 70. 1%. The correlation between soil carbon flux rates and rainfall was lower than other environmental factors. The correlation between SMC and soil carbon flux rates was low. However, HR exhibited a tendency to be decreased when SMC was 24.5%. In addition, the correlation between soil temperature and respiration rate was significant. Conclusions: In a mountain pasture ecosystem, rainfall induced the important change of soil moisture content related to respiration in soil. SR and HR were very sensitive to change of SMC in soil surface layer about 0-10-cm depth. SR was increased by elevation of SMC due to a rainfall event, and the result was assumed from maintaining moderate soil moisture content for respiration in microorganism and plant root. However, HR was decreased in long-time saturated condition of soil moisture content. Root has obviously contributed to high respiration in heavy rainfall, but it was affected to quick depression in respiration under low rainfall. The difference of SMC due to rainfall event was causative of a highly fluctuated soil respiration rate in the same soil temperature condition. Therefore, rainfall factor or SMC are to be considered in predicting the soil carbon flux of grassland ecosystems for future climate change.

Drought Risk Analysis in Seoul Using Cheugugi and Climate Change Scenario Based Rainfall Data (측우기 및 미래 기후변화 시나리오 자료를 활용한 서울지역의 가뭄 위험도 분석)

  • Kim, Ji Eun;Yu, Ji Soo;Lee, Joo-Heon;Kim, Tae-Woong
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.38 no.3
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    • pp.387-393
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    • 2018
  • Considering the effect of climate change, a quantitative analysis of extreme drought is needed to reduce the damage from extreme droughts. Therefore, in this study, a quantitative risk analysis of extreme drought was conducted. The threshold level method was applied to define a drought event using Cheugugi rainfall data in past, gauged rainfall data in present, and climate change scenario rainfall data in future. A bivariate drought frequency analysis was performed using the copula function to simultaneously consider two major drought characteristics such as duration and severity. Based on the bivariate drought frequency curves, the risks for the past, present and future were calculated and the risks for future extreme drought were analyzed comparing with the past and present. As a result, the mean drought duration of the future was shorter than that of past and present, however, the mean drought severity was much larger. Therefore short term and severe droughts were expected to occur in the future. In addition, the analysis of the maximum drought risk indicated that the future maximum drought risk was 1.39~1.94 times and 1.33~1.81 times higher than the past and present. Finally, the risk of extreme drought over past and present maximum drought in the future was very high, ranging from 0.989 to 1.0, and the occurrence probability of extreme drought was high in the future.

Correlation between Storm Waves and Far-Infra-Gravity Waves Observed in kkye Harbor (옥계항에서 관측된 폭풍파와 저중력파의 상호관계)

  • 정원무;채장원;박우선;이광수;서경덕
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.13 no.3
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    • pp.209-229
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    • 2001
  • Simultaneous field measurements of short-period and long-period waves were made at five stations inside or outside Okkye Harbor, which is located in the east coast of Korea. Based on the measured data, spacial and temporal variations of the long-period wave energy were examined. Three smoothing methods were examined for the spectral estimates: fixed interval averaging method, incremental interval averaging method, and moving averaging method. It was shown that a proper smoothing method should be chosen depending on the period of first resonant mode and the length of data being used. By comparing the results obtained using the long-term data with those obtained using two-day data, we showed that it is necessary to analyze the data of calm seas and storm seas separately. The Helmholtz resonant period in Okkye Harbor was found to be about 9.6 minutes with its relative amplification ratio of 9 to 10, and local amplifications were apparent at the periods of 1.2 to 1.3 minutes and 0.7 minute. During calm seas, both at the harbor entrance and inside the harbor the energy of the waves of 9 minutes or longer period was larger than the infra-gravity wave energy by more than 100 times. However, during storm seas the energy level was very high all over the period band, and local amplification was larger than that during calm seas by more than 100 times, especially inside the harbor, Finally it was shown that the energies of the Helmholtz resonant mode and the infra-gravity waves of 1 to 2 minutes are proportional to the storm wave height.

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A Study of Digitalization Performance of Sinological Resource in Korea (고문헌의 디지털화 성과 연구)

  • Cho Hyung-Jin
    • Journal of the Korean Society for Library and Information Science
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    • v.40 no.3
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    • pp.391-413
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    • 2006
  • This study analyzed the procedures and contents of digitalization of sinological resources owned by major sinological resource institutes in Korea. It investigated the united organizations that use such sinological resources It also assessed governmental policies and future Plans for digitalization of sinological resources. Finally, it proposed steps and conditions necessary for successful digitalization of sinological resources. (1) The level of digitalization of library management, searching, and usage system of national library, university library, and research library that has been applied since 1980s has already been highly advanced. The amount of sinological resources collected is significant and its substance value is very high. The digitalized resources are already distributed on internet partially. However, the level of digitalization of sinological resources still lacks some aspects and requires further effort. (2) The data base for digitalized sinological resources already available can be grouped into bibliographic information, contents and annotation, and full text. and it includes both domestic and foreign resources. The quantities of resources are as described in the body (3) The types of digital sinological resources include antient books. archives, micro, and book blocks. (4) The encoding DB methods of digital sinological resources include text. image, PDF. and etc. (5) The united organizations of sinological resources enable us to avoid duplicated investigation and enhance service efficiency. Here are some factors to consider in order to accomplish ideal digitalization of sinological resources. (1) First of all, it is necessary to organize a control center for digitalization procedures of old materials, and allow it a certain degree of authority to develop and Proceed a comprehensive Plan. (2) Both short- and long-term plans need to be developed in order to analyze various aspects of digitalization process. and their steps need to be taken gradually (3) It is necessary to train experts for old materials and let them construct and manage DB.

Understanding the Experience of Visual Change Detection Based on the Experience of a Sensory Conflict Evoked by a Binocular Rivalry (양안경합의 감각적 상충 경험에 기초한 시각적 변화탐지 경험에 대한 이해)

  • Shin, Youngseon;Hyun, Joo-Seok
    • Science of Emotion and Sensibility
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    • v.16 no.3
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    • pp.341-350
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    • 2013
  • The present study aimed to understand the sensory characteristic of change detection by comparing the experience of detecting a salient visual change against the experience of detecting a sensory conflict evoked by a binocular mismatch. In Experiment 1, we used the change detection task where 2, 4, or 6 items were short-term remembered in visual working memory and were compared with following test items. The half of change-present trials were manipulated to elicit a binocular rivalry on the test item with the change by way of monocular inputs across the eyes. The results showed that change detection accuracy without the rivalry manipulation declined evidently as the display setsize increased whereas no such setsize effect was observed with the rivalry manipulation. Experiment 2 tested search efficiency for the search array where the target was designated as an item with the rivalry manipulation, and found the search was very efficient regardless of the rivalry manipulation. The results of Experiment 1 and 2 showed that when the given memory load varies, the experience of detecting a salient visual change become similar to the experience of detecting a sensory conflict by a binocular rivalry.

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The Attitude of Hair Cut, Permanent Wave, Coloring by Age in Women's Customer (미용실 여성고객의 연령에 따른 헤어 컷, 퍼머넌트, 염색에 대한 태도)

  • Choi, Soo-Jung;Park, Hye-Won
    • Journal of Fashion Business
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    • v.12 no.4
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    • pp.28-45
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    • 2008
  • The purpose of this study is to diagnose actual condition of preference of hair-styling, hair-styling techniques, management, grasping a consumer's consciousness, etc with women living in a city. The survey was gotten to a feminine customer who visited the ten of beauty-shops in shopping center. And statistical data about the actual condition of hair-styling preference realities, hair-styling method and style management was entered into the SPSS statistics analysis system. In brief, be as follows by the results of study. There showed significant difference that noted in hair-style information and basis alternative a beauty salon, there were able to know people whose age is from 20's to 40's got mainly an influence of public media very much and from 40's to 50's got mainly an influence of people around them. Basis alternative of a beauty salon showed significant difference to follow age categories. It appeared that introducing from people around them have a effect on the 20's and 30's, and 40's got an influence of convenience of traffic, and 50's got mainly the shortest distance. In an attitude toward a hair style, especially toward hair cut, a case to do hair cut was most a lot of in own selections, and its result was independent of age categories. The reason that wants to give a chance was most a lot of thinking without an age. Preference length of hair cut showed a significant difference according to age. In permanent section, own selections appeared most regardless of age. And in the permanent motive, also, to have a change appeared most regardless of age. And people had a preference natural to role up to setting regardless of age in permanent wave. In hair color section, women whose age is 20's, 30's, 40's had a motive for a change, on the other hand, 50's and their senior had a motive for a gray hair. Women of all over the age almost knew a fashion color, and they had a preference brown color. In a preference way along a hair color kind, there was a significant difference according to age, also. 20's and 30's did mainly 'semi-permanent coating' and 40's and 50's did mainly 'permanent hair color'. In a attitude about a hair-style management, the more age is young, the more a period is long term. And the more age is old, the more the outlay for price of cut is expensive. But, on the contrary, permanent price showed that the more age is young, the more the outlay for price of permanent is expensive. In hair color, the more age is old, the more a period is short and the more price is low.

Acute and Chronic Exposure Assessment of Organophosphate Pesticides through the Consumption of Fruit Vegetables (과채류 섭취를 통한 유기인계 농약의 급성 및 만성노출평가)

  • Park, Byung-Jun;Gil, Keun-Hwan;Son, Kyeong-Ae;Im, Geon-Jae;Yoon, Hyunjoo;Park, Kyung-Hun;Kim, Doo-Ho;Ihm, Yangbin;Paik, Min-Kyoung
    • The Korean Journal of Pesticide Science
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    • v.18 no.2
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    • pp.95-103
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    • 2014
  • In this study, we monitored the residues of organophosphate pesticides (OP) in eight fruit vegetables grown in Korea, and assessed risk levels of acute and chronic exposure of OP through the consumption of fruit vegetables. Chlorpyrifos, EPN, methidathion and phosphamidon in eight fruit vegetables were detected in this study. The results of cumulative assessment of national estimated short term intake for acute exposure of OP were due to the following order; eggplant, tomato, squash and cucumber. Total theoretical maximum daily intake calculated at first step of chronic exposure assessment for registered OP in Korea was 76.14%, compared with acceptable daily intake ADI) based on chlorpyrifos. In addition, total national estimated maximum daily intake calculated at second step of chronic exposure assessment was 13.949%, compared with ADI. Third chronic assessment was conducted by probabilistic approach using OP residues detected in eight fruit vegetables and showed that total exposure risk was very low, corresponding to 0.0001% compared to ADI. Based on those finding, the risk of organophosphate pesticides in fruit vegetables was considered quantitatively negligible. In future, further investigation to expand the target should be followed to do more accurate and detailed risk assessment.

Economic analysis of Solar PV panel recycling project (폐태양광 재활용 사업의 경제성 분석 및 정책적 시사점)

  • Mo, Jung Youn;Kim, Min Ji
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.5
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    • pp.585-591
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    • 2020
  • In accordance with the government's expansion of solar power generation, the installation of solar panels is expected to expand in Korea. On the other hand, policy discussions on the establishment of a domestic post-management system for waste from photovoltaic power are insufficient. This study estimated the benefit-cost of solar PV Panel recycling and derived the implications for the photovoltaic waste policies in Korea. Overall, the profitability of the recycling project is very low when the project execution period is 10 years. On the other hand, the economic efficiency of the project can be sufficiently high when the duration of the solar panel recycling project is extended to 20 years. In the short term, it is challenging to expect voluntary companies to enter this recycling business because of low economic efficiency. Therefore, it is necessary to prepare various policies to improve the economic efficiency of the recycling business. In conclusion, the following policy implications for PV panel recycling activation are proposed: i) legislation for the recycling of waste solar photovoltaic panel, ii) designation of Association for Solar Panel waste monitoring, and iii) expansion of R & D and the development of various business models related to solar recycling.