• Title/Summary/Keyword: additional value

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A Study on Conservative Value Evaluation for the Ethnic Villages by Contingent Valuation Method (CVM을 이용한 전통민속마을의 보전가치평가 연구)

  • Kang, Young-Eun;Ahn, Tong-Mahn
    • Journal of Korean Society of Rural Planning
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    • v.15 no.4
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    • pp.43-50
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    • 2009
  • The Ethnic Villages which are designated as a cultural property in Korea are important factors to recognize how the living environment was and to represent uniqueness should be preserved in Korea. For these reasons, this study investigates the Ethnic Villages in Korea and evaluates the economic values of the Ethnic Villages using CVM(contingent valuation method) which has been knows as one of the practical methods in the field of environmental economics. The results of this study indicate that the economic value of the Ethnic Villages for conservation and maintenance is 27,430 won per household/month, and this can be converted into 19,398 hundred million won per one year. This results proves validity of this study compared to the maintenance cost conserving the Ethnic Village of the Cultural Heritage Administration. It can be used as a policy basis to raise finances for conserving the Ethnic Village needed additional support.

The Problem of the e-value of InterPro to find additional domains in Domain Combination (InterPro의 e-value 조정을 통한 신규 도메인 발견 접근 방식의 문제점)

  • Hur, Hee-Young;Han, Dong-Soo
    • Proceedings of the Korean Information Science Society Conference
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    • 2006.10a
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    • pp.17-21
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    • 2006
  • 도메인 기반 단백질 상호작용 예측 기법은 지난 몇 년 동안 활발히 연구되어 왔다. 도메인 기반 접근 방법 중에서도 도메인 조합 기반 단백질 상호작용 가능성 순위 부여 기법은 예측 정확도면에서 다른 기법보다 월등한 결과를 보여주고 있다. 그러나 학습 집단을 사용하는 특징 때문에 전체 도메인 정보를 이용할 수 없는 단점이 있다. 또한, 이 시스템은 도메인 정보가 부족하여 다른 기능을 하는 단백질이라도 같은 도메인 정보를 보여주기 때문에 예측 시스템의 결점을 드러내고 있다. 도메인 조합 기반 단백질 상호작용 가능성 순위 부여 기법은 InterPro 데이터베이스의 도메인 정보를 기반으로 사용한다. InterProScan은 InterPro의 여러 멤버 데이터베이스의 정보를 기반으로 Sequence 분석을 하는 소프트웨어로써 검색 후 단계에서 찾아낸 결과들을 e-value를 기반으로 여과한다. 본 논문에서는 제시된 e-value를 조정 방법을 사용함으로써 단백질 내 도메인 패턴의 다양화와 기존 도메인 정보가 없던 단백질의 도메인을 새롭게 발견할 수 있으나 접근 방식의 한계가 존재함을 확인할 수 있었다.

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The Impact of IT Innovation on Firm Value: Evidence from IT Patents (정보기술 혁신이 기업 가치에 미치는 영향: 정보기술 특허를 중심으로)

  • Chung, Sunghun;Kim, Kimin
    • Knowledge Management Research
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    • v.17 no.3
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    • pp.161-179
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    • 2016
  • The recent patent wars in the information technology (IT) industry demonstrate the strategic importance of IT patents in the industry. In this paper, we adopt the lens of real options to study the value of IT patents for IT firms. Specifically, we examine the relationship between IT patents and firms' market performance. We also consider the moderating effect of the innovation orientation of firms' patent portfolios (exploitative vs. explorative). Based on a large panel dataset consisting of 697 firms in US IT industries, our results suggest that the impact of IT patents on firm value (as measured by Tobin's q) is positive and significant. Further, we find that this impact varies, depending on the innovation orientation of firms' patent portfolios. IT patent portfolios with higher levels of an exploitative orientation are associated with higher firm value, compared to those with a lower exploitative orientation. This study highlights the value of employing real options theory as the underlying mechanism in understanding the impact of patents on firm valuation. Future researchers can adopt the real options lens to identify and empirically examine the role of other factors that may affect the value of patents and other investments exhibiting real option characteristics. While our paper answers some questions about the value of patents in the IT industry, it also raises a number of additional new questions. As such, we hope that it will generate more research on this important topic.

Effect of Intangible Assets on the Value Relevance of Accounting Information: Evidence from Emerging Markets

  • AL-ANI, Mawih Kareem;TAWFIK, Omar Ikbal
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.387-399
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    • 2021
  • This study mainly aims to examine the effect of intangible assets on the value relevance of the Gulf Cooperation Council (GCC)-listed non-financial firms. This study tested three types of models by using a large sample of non-financial firms listed in GCC countries as emerging markets from 2008 to 2016. The types of models are accounting information (earnings per share and book value of share) without intangible assets model, intangible assets model, and accounting information (earnings per share and book value of share) with intangible assets model. Ordinary least square (OLS) shows mixed results as intangible assets improve the value relevance of accounting information positively in UAE and negatively in Kuwait but not in other countries. The study documents a robust positive relationship between intangible assets and earnings quality in terms of value relevance in KSA and Qatar. The findings provide implications for policymakers, investors, and managers. The results suggest that intangible assets can improve the value relevance in emerging markets, such as GCC, as the need to organize the requirements of information disclosures on intangible assets and provide great transparency and additional disclosure of information about intangible assets and their components.

A Study on the Value Relevance of Insurer's Subordinated bonds (보험회사 후순위채권의 가치관련성에 관한 연구)

  • Seokhee Cho
    • Asia-Pacific Journal of Business
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    • v.14 no.4
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    • pp.275-287
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    • 2023
  • Purpose - The purpose of this study is to analyze the relationship between the issuance amount of subordinated bonds and firm value, aiming to determine how subordinated bonds are evaluated in the capital market. Design/methodology/approach - To achieve the research objective, this study empirically analyzes all samples of domestic listed insurers that have issued subordinated bonds. Through such empirical analysis, the study aims to confirm the value relevance of the recognized debt and examine how subordinated bonds are reflected in the firm valuation of insurers. Findings - The research finding indicates that subordinated bonds issued by insurers, despite being recognized as debt, did not show a significant relation with firm value. This result suggests a divergence from the typical characteristics of debt, reflecting the distinct evaluation of debt recognized through the issuance of subordinated bonds(subordinated debt) and general debt in the capital market. In this regard, additional investigation into the value relevance by categorizing debt into general debt and subordinated debt revealed a significant difference in the value relevance of the two types of debt. Research implications or Originality - These research findings indicate that the market evaluation of subordinated debt takes into consideration the economic attributes of the subordinated debt. Furthermore, this evaluation is interpreted to account for the regulatory consideration that recognizes subordinated debt as available capital for supervisory purpose.

Internal Pattern Matching Algorithm of Logic Built In Self Test Structure (Logic Built In Self Test 구조의 내부 특성 패턴 매칭 알고리즘)

  • Jeon, Yu-Sung;Kim, In-Soo;Min, Hyoung-Bok
    • Proceedings of the KIEE Conference
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    • 2008.07a
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    • pp.1959-1960
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    • 2008
  • The Logic Built In Self Test (LBIST) technique is substantially applied in chip design in most many semiconductor company in despite of unavoidable overhead like an increase in dimension and time delay occurred as it used. Currently common LBIST software uses the MISR (Multiple Input Shift Register) However, it has many considerations like defining the X-value (Unknown Value), length and number of Scan Chain, Scan Chain and so on for analysis of result occurred in the process. So, to solve these problems, common LBIST software provides the solution method automated. Nevertheless, these problems haven't been solved automatically by Tri-state Bus in logic circuit yet. This paper studies the algorithm that it also suggest algorithm that reduce additional circuits and time delay as matching of pattern about 2-type circuits which are CUT(circuit Under Test) and additional circuits so that the designer can detect the wrong location in CUT: Circuit Under Test.

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A Location Tracking System using BLE Beacon Exploiting a Double-Gaussian Filter

  • Lee, Jae Gu;Kim, Jin;Lee, Seon Woo;Ko, Young Woong
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.11 no.2
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    • pp.1162-1179
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    • 2017
  • In this paper, we propose indoor location tracking method using RSSI(Received Signal Strength Indicator) value received from BLE(Bluetooth Low Energy) beacon. Due to the influence of various external environmental factors, it is very difficult to improve the accuracy in indoor location tracking. In order to solve this problem, we propose a novel method of reducing the noise generated in the external environment by using a double Gaussian filter. In addition, the value of the RSSI signal generated in the BLE beacon is different for each device. In this study, we propose a method to allocate additional weights in order to compensate the intensity of signal generated in each device. This makes it possible to improve the accuracy of indoor location tracking using beacons. The experiment results show that the proposed method effectively decrease the RSSI deviation and increase location accuracy. In order to verify the usefulness of this study, we compared the Kalman filter algorithm which is widely used in signal processing. We further performed additional experiments for application area for indoor location service and find that the proposed scheme is useful for BLE-based indoor location service.

Status of seaweed (Kappaphycus Alvarezii) farming land ownership and business productivity in Sulawesi Island: quantitative study

  • Sri Suro Adhawati;Nurjannah Nurdin;Hasni Yulianti Azis;Badraeni Rustam;Muhammad Akbar;Agus Aris
    • Fisheries and Aquatic Sciences
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    • v.27 no.1
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    • pp.35-47
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    • 2024
  • The aim of this study was to analyze the income and productivity of seaweed farmers based on farmed land ownership status. This research was conducted in three provinces on the Sulawesi Island which are ranked among the 10 largest seaweed producers in Indonesia: Central Sulawesi, South Sulawesi and Southeast Sulawesi. The twelve study sites were determined based on 5 special criteria and 792 respondents fulfilled the criteria for seaweed farmers. Data were collected through field surveys and analyzed using qualitative and quantitative methods. Results showed that the seaweed farming areas are considered as private property with 4 types of marine land tenure or ownership status: own land, inherited land, leasehold land and purchased land. The productivity of seaweed farming land had a positive value greater than 1 in South Sulawesi and Southeast Sulawesi, and a positive value of less than 1 in Central Sulawesi. Seaweed cultivation in Central Sulawesi has not been managed effectively. At all sites, the maximum number of growing season cycles was 5 cycles/year. Optimal growing season conditions gave the highest marginal returns at 2-3 cycles/year with additional costs exceeding additional income for more than 3 cycles/year.

Preparation and Characteristics of Patty with Red-Tanner Crab (Chionoecetes japonicus) Paste (게 페이스트 첨가 패티의 제조 및 특성)

  • HEU Min Soo;CHOI Seung Geal;KIM Jin-Soo
    • Korean Journal of Fisheries and Aquatic Sciences
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    • v.38 no.3
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    • pp.137-142
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    • 2005
  • New types of patties were prepared with surimi and crab paste, and then characterized. With an increase of additional ratios of crab paste, the moisture (64.8 to $61.5\%$) of the patties slightly decreased while the ash contents (2.3 to $3.7\%$) increased. The Hunter's color values of the patties decreased in lightness (L value, 58.79 to 54.27) but increased in redness (a value, -2.77 to 3.54). Thus, the patties that had added crab paste appeared slightly more reddish. According to the increasing of additional ratios of crab paste, sensory scores on color and flavor increased whereas the texture score decreased. From the above results, based on physical properties and sensory evaluation, the desirable additional ratio of crab paste for preparing patty was $15\%$. The calcium and phosphorus contents of the patties with the addition of $15\%$ crab paste were 148.8 mg/100 g and 139.6 mg/100 g, respectively, and their ratio (approximately 1:1) was the optimal range in body absorption efficiency. The calcium absorption rate with the $15\%$ additions was 4.9 times higher than that of the patty with no additions. Total amino acid content (16,302 mg/100 g) of the $15\%$ additions showed no difference to the patty without additions, and the major amino acids were aspartic acid, glutamic acid, leucine and lysine. Exceptionally, the cysteine content of the patty with the $15\%$ crab paste additions was 2 times higher than that found in the patty without crab paste. The major fatty acids were 16:0, 18:1n-9 and 18:2n-6 of the total lipids, and there was no difference between the patties with and without crab paste. The above results showed that crab paste can be used as a crab surimi gel source.

KD-SQS Service Quality in Discount-Based Retail: Service Guarantee Adjustment Effect, Service Value, and Store Loyalty

  • Lee, Young-Chul;Kim, Jong-Lak
    • Journal of Distribution Science
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    • v.12 no.7
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    • pp.53-61
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    • 2014
  • Purpose - This study focuses on "large-scale marts," which is a typical discount-based retail channel (hereinafter, DRC), and provides practical managerial implications by applying the KD-SQS service quality factor based on customers' experiential perspective by developing and applying existing service measures. Research design, data, and methodology - The research subjects include adults who have experienced "large-scale marts." The research involved SPSS 20.0 and AMOS 19.0 packages; path analysis is used to analyze structural relationships. Results - First, physical aspects, human interaction, and additional convenience aspects of service quality have statistically significant influence on service value. Second, physical aspects, human interaction, and policy have statistically influence on store loyalty. Third, service value influences store loyalty. Fourth, service guarantee adjusts the relationship between service quality, service value, and store loyalty in terms of human interaction and policy. Conclusion - Among service quality measures, improving service value through personal service needs to be prioritized, while we need to develop different methods for the service guarantee system to effectively influence service value and store loyalty.