• Title/Summary/Keyword: characteristic factor

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A Study on the Relations among Stock Return, Risk, and Book-to-Market Ratio (주식수익률, 위험, 장부가치 / 시장가치 비율의 관계에 관한 연구)

  • Kam, Hyung-Kyu;Shin, Yong-Jae
    • Journal of Industrial Convergence
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    • v.2 no.2
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    • pp.127-147
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    • 2004
  • This paper examines the time-series relations among expected return, risk, and book-to-market(B/M) at the portfolio level. The time-series analysis is a natural alternative to cross-sectional regressions. An alternative feature of the time-series regressions is that they focus on changes in expected returns, not on average returns. Using the time-series analysis, we can directly test whether the three-factor model explains time-varying expected returns better than the characteristic-based model. These results should help distinguish between the risk and mispricing stories. We find that B/M is strongly associated with changes in risk, as measured by the Fama and French(1993) three-factor model. After controlling for changes in risk, B/M contains little additional information about expected returns. The evidence suggests that the three-factor model explains time-varying expected returns better than the characteristic-based model.

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Effect of Walking-Environment Factor on Pedestrian Safety (보행환경요인이 보행안전에 미치는 영향분석)

  • Lee, Su-Min;Hwang, Gi-Yeon
    • Journal of Korean Society of Transportation
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    • v.27 no.1
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    • pp.107-114
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    • 2009
  • Human walking is essential and important mean of transportation. Pedestrian safety is recently important because accidents often happen while walking. This research is showing that Walking-environmental factors have effect on safety while walking. At first, exact 15 factors and conduct survey in the preceding research. After that, exact 4 important factors through factor analysis. At result of Multiple regression analysis, null hypothesis has proved to be true by satisfying therms which is F-value 9.211 and P-value 0.000. and come to the conclusion that walking-environmental factors influence pedestrian safety. 4 important factors can be listed by below. Pedestrian-road characteristic, landscape characteristic, commercial characteristic, walking characteristics by following influence. Especially, landscape characteristic and pedestrian-road characteristic can be vital factors.

Analysis of a Geometrically Asymmetric Trapezoidal Fin with Variable Fin Base Thickness and Height

  • Kang, Hyung-Suk
    • International Journal of Air-Conditioning and Refrigeration
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    • v.16 no.3
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    • pp.83-88
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    • 2008
  • A geometrically asymmetric trapezoidal fin is analyzed using the one-dimensional analytic method. Heat loss and thermal resistance are represented as a function of the fin base thickness, base height, fm shape factor, inside fluid convection characteristic number, convection characteristic numbers ratio, fm length and ambient convection characteristic number. The relationship between the fin base height and the shape factor for equal amounts of heat loss is presented. One of the results shows that the variations of the fm base thickness and the inside fluid convection characteristic number give no effect on the thermal resistance.

The Characteristic of Friction-Factor on Honeycomb Surfaces (Part II : Friction-Factor Jump Phenomenon) (허니콤 표면의 마찰계수 특성에 관한 연구 (Part 2 : 마찰계수 급상승현상에 관한 고찰))

  • 하태웅
    • Transactions of the Korean Society of Mechanical Engineers
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    • v.18 no.6
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    • pp.1439-1447
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    • 1994
  • Test results of friction-factor for the flow of air in a narrow channel lined with various honeycomb geometries show that, generally, the friction-factor is nearly constant or slightly decreases as the Reynolds number(or Mach number) increases, a characteristic common to turbulent flow in pipes. However, in some test geometries this trend is remarkably different. The friction factor dramatically drops and then rises as the Mach number increases. This phenomenon can be characterized as a "friction-factor jump." Further investigations of the acoustic spectrum indicate that the "friction-factor jump" phenomenon is accompanied by an onset of a normal mode resonance excited coherent flow fluctuation structure, which occurs at Reynolds number of the order of $10^4$. New empirical friction-factor model for "friction-factor jump" cases is developed as a function of Mach number and local pressure.ach number and local pressure.

Repurchase intention toward fast fashion brands - Product characteristics, consumer characteristic, and cognitive dissonance - (패스트 패션 브랜드에 대한 재구매 의도 - 제품 특성, 소비자 특성, 인지부조화 -)

  • Jeon, Kyung Sook;Park, Hye-Jung
    • The Research Journal of the Costume Culture
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    • v.23 no.6
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    • pp.940-954
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    • 2015
  • The purpose of this study is to identify the antecedents of repurchase intention toward fast fashion brands. Perceived quality, perceived price, deindividuation, and overly trendy styles, which are product characteristic variables, and fashion innovativeness, which is a consumer characteristic variable, were considered as antecedents. It was hypothesized that product and consumer characteristics influence repurchase intention toward fast fashion brands not only directly, but also indirectly through cognitive dissonance. Data were gathered by surveying university students in Seoul using convenience sampling. Three hundred and fifty-two questionnaires were used in the statistical analysis. SPSS was used for exploratory factor analysis, and AMOS was used for confirmatory factor analysis and path analysis. The factor analysis of product characteristics revealed four dimensions: "perceived quality", "perceived price", "deindividuation", and "overly trendy styles", and the factor analysis of consumer characteristics revealed one dimension. The factor analysis of cognitive dissonance revealed two dimensions, "regrets" and "perceived uncertainty." The hypothesized path test proved that perceived quality, deindividuation, overly trendy styles, and fashion innovativeness influence repurchase intention directly. Perceived price and deindividuation influence repurchase intention indirectly through the factor of cognitive dissonance, which is the perceived uncertainty, indicating the importance of cognitive dissonance. The results indicate effective marketing strategies should be used to decrease consumers' cognitive dissonance, and suggestions for future study are provided.

A Study on Road Characteristic Classification using Exploratory Factor Analysis (탐색적 요인분석을 이용한 도로특성분류에 관한 연구)

  • Cho, Jun-Han;Kim, Seong-Ho;Rho, Jeong-Hyun
    • Journal of Korean Society of Transportation
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    • v.26 no.3
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    • pp.53-66
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    • 2008
  • This research is to the establishment of a conceptual framework that supports road characteristic classification from a new point of view in order to complement of the existing road functional classification and examine of traffic pattern. The road characteristic classification(RCC) is expected to use important performance criteria that produced a policy guidelines for transportation planning and operational management. For this study, the traffic data used the permanent traffic counters(PTCs) located within the national highway between 2002 and 2006. The research has described for a systematic review and assessment of how exploratory factor analysis should be applied from 12 explanatory variables. The optimal number of components and clusters are determined by interpretation of the factor analysis results. As a result, the scenario including all 12 explanatory variables is better than other scenarios. The four components is produced the optimal number of factors. This research made contributions to the understanding of the exploratory factor analysis for the road characteristic classification, further applying the objective input data for various analysis method, such as cluster analysis, regression analysis and discriminant analysis.

Dynamic Characteristic Analysis of Single-Phase Line-Start Permanent Magnet Synchronous Motor by Parameter Variation (단상 유도형 동기전동기의 파라미터 변화에 따른 동특성 해석)

  • Oh, Se-Young;Jung, Dae-Sung;Lim, Seung-Bin;Lee, Ju
    • Proceedings of the KIEE Conference
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    • 2006.07b
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    • pp.763-764
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    • 2006
  • In this paper, optimized model was designed for the starting characteristic of the Single-Phase Line-Start Permanent Magnet Synchronous Motor by using the Design of Experiment. A field pole angle, thickness and distance from center axis of permanent magnet were selected as design factor. We executed the transient state characteristic analysis of 8 test models. The transient state characteristic analysis was executed by using the 2 dimensional Finite Element Method and the Time Difference Method. We checked the fact that the selected design factor affected starting characteristic of the Line-Start Permanent Magnet Synchronous Motor. Depend on this result we found the optimized design point by using the response optimization.

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A Study on the Characteristic and Composition Factor of Contemporary Japanese Costume Design (현대 패션의 일본적 디자인 특성과 이미지 구성요인)

  • Kim, Hee-Jung
    • Fashion & Textile Research Journal
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    • v.4 no.1
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    • pp.11-18
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    • 2002
  • The purpose of this study was to investigate the characteristic and composition factor of Japanese costume design. The stimulus were 25 contemporary costume design which represented the traditional image of Japanese. The main survey of questionary consisted of their evaluation of the Japanese costume image by 26 semantic differential bipolar scales and the subjects were 99 female students majoring in clothing and textiles. The data were analyzed by Factor analysis, Multidimensional Scaling Method and Regression Analysis. The major findings were as follows. As a result of design analysis, contemporary Japanese costume design which represented the traditional image had traditional form, color, texture, pattern, etc. Through factor analysis about Japanese costume image 7 factors were identified; Attractiveness, Attention, Cool and warm, Neatness, Activeness, Maturity, Classics. According to image positioning, Japanese costume design was classified by simple-decorative, soft-hard. As the result of regression analysis, The preference of Japanese costume image was related to attractive factor.

A Study on Dynamic Characteristic Analysis of Straight Bevel Gear (직선베벨기어의 동특성해석에 관한 연구)

  • Lyu, Sung-Ki;Shin, Gue-Su
    • Journal of the Korean Society for Precision Engineering
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    • v.12 no.12
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    • pp.157-164
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    • 1995
  • Straight belvel gear is used mainly for steering system, final reduction and differential gear in the automobile. The more high load, high velocity driving bevel gear, the more unsafe and unpleasant. In thid study, we get a kinematic equation by modelling straight bevel gear pair with simple elastic system, the dynamic characteristic analysis about this system, we got the dynamic load factor of tooth surface. Comparing the value of dynamic load factor by calculation with the measured value of Terauchi's experimental results is similar. We think it useful to analysis the vibration and the noise of straight bevel gear in operation with the analytic method of dynamic load of straight bevel gear using in this study.

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A Meta-analysis of The Factors Related to Resilience of Childcare Teachers (보육교사의 회복탄력성 관련 요인에 대한 메타분석)

  • Moon, Dong-Kyu
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.10
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    • pp.222-230
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    • 2020
  • This study verified the effect size of related factors through meta-analysis based on master's theses and doctoral dissertations and academic journal papers studied in Korea for the past 10years in relation to the resilience of childcare teachers. The verification results are as follows. First, the overall effect size of the protection factors was large. In addition, the personality factor group was the largest among the protection factor groups, followed by the job characteristic factor group and the organizational attribute factor group. Second, among the protection factors, all the sub-factors except the organizational characteristic factor group-ledger leadership and job characteristic factor group-emotional labor, which showed the medium effect size, showed a large effect size. Third, the overall effect size of the risk factor showed a large effect size. The organizational characteristic factor group-burnout showed a larger effect size than the job characteristic factor group-job stress. In conclusion, this study is meaningful in that it attempted a quantitative integration to examine objective results by integrating the previous studies in relation to the resilience of childcare teachers over the past 20 years. In addition, it is significant that it provided basic data for the development of policies and policy developments to improve the resilience of childcare teachers.