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A Characteristic Analysis and Countermeasure Study of the Hedging of Listed Companies in China Stock Markets

  • WU, Guo-Hua;JIANG, Xiao-Ling;DENG, Su-Ya
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.147-158
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    • 2021
  • Due to COVID-19, the risk of price volatility in commodity and equity markets increases. The research and application of hedging is the most effective way to reduce the market risk. Hedging is a risk management strategy employed to offset losses in investments by taking an opposite position in a related asset. We use K-means and hierarchical clustering methods to cluster companies and futures products respectively, and analyze the relationship between the number of hedging firms, regional distribution, nature of firms, capital distribution, company size, profitability, number of local Futures Commission Merchants (FCMs), regional location, and listing time. The study shows that listed companies with large scale and good profitability invest more money in hedging, while state-owned enterprises' participation in hedging is more likely to be affected by the company size and the number of local futures commission merchants, and private enterprises are more likely to be affected by the company profitability and the regional location. Listed companies are more willing to choose long-listed and mature futures products for hedging. We also provide policy advice based on our conclusion. So far, there is no study on the characteristics of hedging. This paper fills the gap. The results provide a basis and guidance for people's investment and risk management. Using clustering analysis in hedging study is another innovation of this paper.

Prevention Policies for Money Laundering through Capital Market Instruments: The Case of Indonesia

  • BINTORO, Sutarno;SJAMSUDDIN, Sjamsiar;PRATIWI, Ratih Nur;HERMAWAN, Hermawan
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.1269-1275
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    • 2021
  • The phenomenon of money laundering through capital market instruments and various investment instruments in it is a challenge for law enforcement officials, particularly the Corruption Eradication Commission (KPK) in investigating money laundering crimes originating from corruption. This study aims to analyze comprehensively about: (1) implementation of policies on prevention and eradication of money laundering at the KPK in the context of handling money laundering on the capital market; and (2) an effective model for implementing policies to prevent and eradicate money laundering in the KPK in the context of handling money laundering on the capital market. By using a qualitative approach and Interactive Model analysis from Miles and Huberman, it was concluded that the results of the implementation of the policy of preventing and eradicating money laundering at the Corruption Eradication Commission in the context of handling money laundering crimes in the capital market had a positive impact on society, individuals and groups. The theoretical implications of the results of this study are related to the content of policy that is still relevant but for the context of implementation it needs to be refined or reconstructed by adding three elements, namely: communication, monitoring, and evaluation and security.

Evaluation of Resolution Characteristics by Using Chart Device Angle (차트 각도를 이용한 해상력 특성 평가)

  • Min, Jung-Whan;Jeong, Hoi-Woun
    • Journal of radiological science and technology
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    • v.44 no.4
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    • pp.375-380
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    • 2021
  • This study aim was quantitative assessment of MTFs of spectrum of the square wave chart images and Coltman chart images for 0°, 1.7°, 2.2°, 2.9°, 4.1° by using chart method. In general device was AccuRay-650 (DK Medical System, Korea) used, indirect flat panel detector(FPD) Aero (Konica, Japan) used and MATLAB R2019a (MathWorks, USA) used. The result of comparison for each angle of MTF the edge image was highest quantitatively value for MTF finding of showed the best value of 0.1 based on the frequency of 3.5 mm-1, value of 0.1 based on the square wave was frequency of 3.0 mm-1 and value of 0.1 based on the Coltman transform was frequency of 2.4 mm-1. In this study it was significant that the methodology of the international Electro-technical Commission was applied mutandis by using the Fujita method within 2~3°.

Towards grain-scale modelling of the release of radioactive fission gas from oxide fuel. Part I: SCIANTIX

  • Zullo, G.;Pizzocri, D.;Magni, A.;Van Uffelen, P.;Schubert, A.;Luzzi, L.
    • Nuclear Engineering and Technology
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    • v.54 no.8
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    • pp.2771-2782
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    • 2022
  • When assessing the radiological consequences of postulated accident scenarios, it is of primary interest to determine the amount of radioactive fission gas accumulated in the fuel rod free volume. The state-of-the-art semi-empirical approach (ANS 5.4-2010) is reviewed and compared with a mechanistic approach to evaluate the release of radioactive fission gases. At the intra-granular level, the diffusion-decay equation is handled by a spectral diffusion algorithm. At the inter-granular level, a mechanistic description of the grain boundary is considered: bubble growth and coalescence are treated as interrelated phenomena, resulting in the grain-boundary venting as the onset for the release from the fuel pellets. The outcome is a kinetic description of the release of radioactive fission gases, of interest when assessing normal and off-normal conditions. We implement the model in SCIANTIX and reproduce the release of short-lived fission gases, during the CONTACT 1 experiments. The results show a satisfactory agreement with the measurement and with the state-of-the-art methodology, demonstrating the model soundness. A second work will follow, providing integral fuel rod analysis by coupling the code SCIANTIX with the thermo-mechanical code TRANSURANUS.

ICOH Statement on Protecting the Occupational Safety and Health of Migrant Workers

  • International Commission on Occupational Health (ICOH),;Salmen-Navarro, Acran;Schulte, Paul
    • Safety and Health at Work
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    • v.13 no.3
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    • pp.261-262
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    • 2022
  • Globally, it is estimated that the number of people living outside of their country of origin reached 281 million in 2020. The primary drive of those migrants when migrating voluntarily is work to increase their income and provide for their families left behind in their home countries. Those who migrate immediately seek means of income to sustain themselves through a perilous process as currently evidenced in the war in Ukraine and not too long ago in Syria and Venezuela. Unfortunately, migrant workers are globally known to predominantly be working in "4-D jobs"- dirty, dangerous, and difficult and discriminatory; the fourth D was recently added to acknowledge the discriminatory aspect and other social determinants of health migrant workers face in their host country while exposed to precarious work. Consequently, migrant workers are at considerable risk of work-related illnesses and injury but their health needs are critically overlooked in research and policy. Recognizing the UN Universal Declaration of Human Rights "Everyone has the right to work, to free choice of employment, to just and favourable conditions of work and to protection against unemployment", we cannot consider any human life - thus, the life of migrant workers - as dispensable through a structural discriminatory process that undervalues their occupational safety and health, livelihood and the contribution these workers bring to their host countries. This was seen during the preparation for the upcoming world cup in Qatar where migrant workers were exposed to a multiplicity of serious hazards including deadly heat hazards.

Towards grain-scale modelling of the release of radioactive fission gas from oxide fuel. Part II: Coupling SCIANTIX with TRANSURANUS

  • G. Zullo;D. Pizzocri;A. Magni;P. Van Uffelen;A. Schubert;L. Luzzi
    • Nuclear Engineering and Technology
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    • v.54 no.12
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    • pp.4460-4473
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    • 2022
  • The behaviour of the fission gas plays an important role in the fuel rod performance. In a previous work, we presented a physics-based model describing intra- and inter-granular behaviour of radioactive fission gas. The model was implemented in SCIANTIX, a mesoscale module for fission gas behaviour, and assessed against the CONTACT 1 irradiation experiment. In this work, we present the multi-scale coupling between the TRANSURANUS fuel performance code and SCIANTIX, used as mechanistic module for stable and radioactive fission gas behaviour. We exploit the coupled code version to reproduce two integral irradiation experiments involving standard fuel rod segments in steady-state operation (CONTACT 1) and during successive power transients (HATAC C2). The simulation results demonstrate the predictive capabilities of the code coupling and contribute to the integral validation of the models implemented in SCIANTIX.

Blockchain Data Management for Pharmaceuticals

  • Shih-Shuan Wang;Alexandru Dinu;Eugen-Silviu Vrajitoru;Aleksander Ryszard Izemski;Alin Mihai Meclea;Mircea Boscoianu
    • Proceedings of the Korea Information Processing Society Conference
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    • 2023.05a
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    • pp.243-245
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    • 2023
  • The care and quality provided to service users depend heavily on the documentation of medication administration. The results of medication management will be greatly impacted by the Medication Data Management (MDM) sheets, which will be examined during audits. Along with this impact, registered hospitals, care facilities, and residential homes will all be inspected by the healthcare industry. In order to deploy MDM sheets, it is proposed to create a blockchain prototype, or more specifically, to develop a blockchain-based Electronic Health Records (EHR) application. Confidentiality and confidence with the auditors are provided by the usage of permissioned blockchain technology (e.g., Care Quality Commission - CQC). Results from testing the prototype in two scenarios are positive. According to the findings, the use of EHR with permissioned blockchain can result in reminders being sent to medical practitioners as well as other effects.

The ICRP and Its System of Radiological Protection (국제방사선방호위원회와 방사선방호체계)

  • Kun-Woo Cho
    • Journal of Environmental Health Sciences
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    • v.50 no.1
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    • pp.1-5
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    • 2024
  • International Commission on Radiological Protection (ICRP) is an independent international organization that advances the science of radiological protection for the public benefit, particularly by providing recommendations and guidance on all aspects of protection against ionizing radiation. The ICRP is a community of more than 380 globally-recognized experts in radiological protection science, policy, and practice from more than 50 countries. As of January 2024, the ICRP is comprised of a Main Commission, the Scientific Secretariat, four Standing Committees, and 30 Task Groups under the four committees. The ICRP has released well over one hundred publications on all aspects of radiological protection. Most address a particular area within radiological protection, but a handful of the publications, the so-called fundamental recommendations, describe the overall system of radiological protection. The system for radiological protection is based on the current understanding of the science of radiation exposure and its effects along with value judgements. The ICRP offers recommendations to regulatory and advisory agencies and provides advice to management and professional staff with responsibilities for radiological protection. Legislation in most countries adheres closely to ICRP recommendations. The International Atomic Energy Agency's (IAEA) International Basic Safety Standards are based heavily on ICRP recommendations. ICRP recommendations form the core of radiological protection standards, legislation, programs, and practice worldwide.

Management and Use of Oral History Archives on Forced Mobilization -Centering on oral history archives collected by the Truth Commission on Forced Mobilization under the Japanese Imperialism Republic of Korea- (강제동원 구술자료의 관리와 활용 -일제강점하강제동원피해진상규명위원회 소장 구술자료를 중심으로-)

  • Kwon, Mi-Hyun
    • The Korean Journal of Archival Studies
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    • no.16
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    • pp.303-339
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    • 2007
  • "The damage incurred from forced mobilization under the Japanese Imperialism" means the life, physical, and property damage suffered by those who were forced to lead a life as soldiers, civilians attached to the military, laborers, and comfort women forcibly mobilized by the Japanese Imperialists during the period between the Manchurian Incident and the Pacific War. Up to the present time, every effort to restore the history on such a compulsory mobilization-borne damage has been made by the damaged parties, bereaved families, civil organizations, and academic circles concerned; as a result, on March 5, 2004, Disclosure act of Forced Mobilization under the Japanese Imperialism[part of it was partially revised on May 17, 2007]was officially established and proclaimed. On the basis of this law, the Truth Commission on Forced Mobilization under the Japanese Imperialism Republic of Korea[Compulsory Mobilization Commission hence after] was launched under the jurisdiction of the Prime Minister on November 10, 2004. Since February 1, 2005, this organ has begun its work with the aim of looking into the real aspects of damage incurred from compulsory mobilization under the Japanese Imperialism, by which making the historical truth open to the world. The major business of this organ is to receive the damage report and investigation of the reported damage[examination of the alleged victims and bereaved families, and decision-making], receipt of the application for the fact-finding & fact finding; fact finding and matters impossible to make judgment; correction of a family register subsequent to the damage judgement; collection & analysis of data concerning compulsory mobilization at home and from abroad and writing up of a report; exhumation of the remains, remains saving, their repatriation, and building project for historical records hall and museum & memorial place, etc. The Truth Commission on Compulsory Mobilization has dug out and collected a variety of records to meet the examination of the damage and fact finding business. As is often the case with other history of damage, the records which had already been made open to the public or have been newly dug out usually have their limits to ascertaining of the diverse historical context involved in compulsory mobilization in their quantity or quality. Of course, there may happen a case where the interested parties' story can fill the vacancy of records or has its foundational value more than its related record itself. The Truth Commission on Compulsory mobilization generated a variety of oral history records through oral interviews with the alleged damage-suffered survivors and puts those data to use for examination business, attempting to make use of those data for public use while managing those on a systematic method. The Truth Commission on compulsory mobilization-possessed oral history archives were generated based on a drastic planning from the beginning of their generation, and induced digital medium-based production of those data while bearing the conveniences of their management and usage in mind from the stage of production. In addition, in order to surpass the limits of the oral history archives produced in the process of the investigating process, this organ conducted several special training sessions for the interviewees and let the interviewees leave their real context in time of their oral testimony in an interview journal. The Truth Commission on compulsory mobilization isn't equipped with an extra records management system for the management of the collected archives. The digital archives are generated through the management system of the real aspects of damage and electronic approval system, and they plays a role in registering and searching the produced, collected, and contributed records. The oral history archives are registered at the digital archive and preserved together with real records. The collected oral history archives are technically classified at the same time of their registration and given a proper number for registration, classification, and keeping. The Truth Commission on compulsory mobilization has continued its publication of oral history archives collection for the positive use of them and is also planning on producing an image-based matters. The oral history archives collected by this organ are produced, managed and used in as positive a way as possible surpassing the limits produced in the process of investigation business and budgetary deficits as well as the absence of records management system, etc. as the form of time-limit structure. The accumulated oral history archives, if a historical records hall and museum should be built as regulated in Disclosure act of forced mobilization, would be more systematically managed and used for the public users.

A Study on the Food Consumption Rates for Off-site Radiological Dose Assessment around Korean Nuclear Power Plants (국내 원자력발전소 주변 주민의 방사선량 평가를 위한 음식물 섭취율 설정 연구)

  • Lee, Gab-Bock;Chung, Yang-Geun
    • Journal of Radiation Protection and Research
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    • v.33 no.4
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    • pp.183-196
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    • 2008
  • The internal dose by food consumption mostly accounts for radiological dose of public around nuclear power plants (NPPs). But, food consumption rates applied to off-site dose calculation in Korea which are the result of field investigation around Kori NPP by the KAERI (Korea Atomic Energy Research Institute) in 1988, are not able to reflect the latest dietary characteristics of Korean. The food consumption rates to be used for radiological dose assessment in Korea are based on the maximum individual of US NRC (Nuclear Regulatory Commssion) Regulatory Guide 1.109. However, the representative individual of the critical group is considered in the recent ICRP (International Commission on Radiological Protection) recommendation and European nations' practice. Therefore, the study on the re-establishment of the food consumption rates for individual around nuclear power plant sites in Korea was carried out to reflect on the recent change of the Korean dietary characteristics and to apply the representative individual of critical group to domestic regulations. The Ministry of Health and Welfare Affairs has investigated the food and nutrition of nations every 3 years based on the Law of National Health Improvement. The statistical data such as mean, standard deviation, various percentile values about food consumption rates to be used for the representative individual of the critical group were analyzed by using the raw data of the national food consumption survey in $2001{\sim}2002$. Also, the food consumption rates for maximum individual are re-estimated.