• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.39-47
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• 2021

This research aims to confirm if the COVID-19 pandemic has had an impact on existing sectors, and how that affects the Indonesian Stock Exchange (IDX) market returns. The research method used is an event study employing market models in nine sectors of the Exchange with purposive sampling technique, and supported by Ordinary Least Square (OLS) regression. Based on the calculation of abnormal returns in the period of 30 days before up to 30 days after, the financial property, real estate, and construction sector results show a decreased abnormal return value. The infrastructure, utilities, and transportation sectors also show an abnormal return value that tends to be constant, while the abnormal return value increases in other sectors. Judging from the cumulative value of abnormal returns, the most affected sector is financials, followed by the trade, service, and investment sectors. The consumer goods and mining industry sectors are still optimistic, while other sectors show temporary negative sentiment. Overall, the stocks on the Indonesia Stock Exchange (IDX) were affected by the COVID-19 pandemic with a cumulative negative value of the average abnormal return sample. The results using OLS regression also strengthen the relationships between the COVID-19 pandemic, and negative and significant market returns.

• Journal of Environmental Health Sciences
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• v.49 no.3
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• pp.129-133
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• 2023

Background: With the rise in global mobility, aircraft indoor air quality has become a significant public health concern. This study focuses on the health implications of increased travel and bleed air-air drawn from aircraft engines for cabin pressurization and air conditioning. Objectives: This research aims to review the potential health effects related to exposure to aircraft cabin air, particularly the effects of bleed air during fume events. Methods: We conducted a literature review of existing studies on aircraft cabin air quality. We focused on both the immediate and health effects of exposure to cabin air, particularly those related to bleed air contaminants. Results: The review found a possible link between exposure to aircraft cabin air and certain health issues, especially in cabin crew and frequent flyers. There was an increased incidence of respiratory and neurological symptoms related to bleed air exposure. However, the cumulative health effects of frequent air travel remain inconclusive due to limited data. Conclusions: This study highlights the need for improving air quality in aircraft to protect public health. While further research is needed to understand the cumulative effects of frequent air travel, the reduction of exposure to bleed air contaminants should be a priority. These findings underline the need for regulatory changes and technological improvements in aircraft cabin air quality.

• Knowledge Management Research
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• v.13 no.5
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• pp.139-160
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• 2012

Win-win growth between large companies and small and medium enterprises (SMEs) become a critical encomic and social issue in Korea. Korea government has been attempted to establish strong policy to build right win-win relationship between large companies and SMEs. Along with this strong drive from Korea government, a variety of strategies that enhance win-win relationships between large companies and SMEs have been adopted. Win-win growth policy is expected to provide positive impact on sustainable competitive advantage of firms. Therefore, many studies have focused on the win-win growth policy success factors, type of the policy, and the results of the policy. Although there is much literature on the win-win growth policy, the effects of win-win policy on firm value is not well understood. We addressed this issue by exploring how win-win growth policy influences a firm's market value using event study methodology. We evaluated the cumulative abnormal returns for win-win growth policy announced by Korean large firms from 2004 to 2012. The results of this study insisted that the announcements of win-win growth policy show negative impact on firm's market value, which is not consistent with previous studies. The findings of this study offer insights that may help government policy makers and managers to revise their policy for better outcomes of their win-win growth policy.

• New & Renewable Energy
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• v.19 no.4
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• pp.98-107
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• 2023

A study was conducted to analyze data from 1981 to 2020 for understanding the impact of climate on solar energy generation. A significant increase of 104.6 kWhm^-2 was observed in the annual cumulative solar radiation over this period. Notably, the distribution of solar radiation shifted, with the solar radiation in Busan rising from the seventh place in 1981 to the second place in 2020 in South Korea. This study also examined the correlation between long-term temperature trends and solar radiation. Areas with the highest solar radiation in 2020, such as Busan, Gwangju, Daegu, and Jinju, exhibited strong positive correlations, suggesting that increased solar radiation contributed to higher temperatures. Conversely, regions like Seosan and Mokpo showed lower temperature increases due to factors such as reduced cloud cover. To evaluate the impact on solar energy production, simulations were conducted using climate data from both years. The results revealed that relying solely on historical data for solar energy predictions could lead to overestimations in some areas, including Seosan or Jinju, and underestimations in others such as Busan. Hence, considering long-term climate variability is vital for accurate solar energy forecasting and ensuring the economic feasibility of solar projects.

• Journal of the Korean Society of Marine Environment & Safety
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• v.20 no.2
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• pp.143-156
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• 2014

We reviewed investigation status on turbidity plume in the statement of marine environmental survey(2008 to 2012) associated with marine sand extraction projects. The survey statement from seven marine sand extraction sites (extraction area of Southern EEZ, extraction area of Western EEZ, relocation zone in the Western EEZ, sea area under jurisdiction of Taean-gun, sea area under jurisdiction of Ansan City, and two discrete sea areas under jurisdiction of Ongjin-gun) in the nearshore and offshore of Korea showed that in situ observations were carried out for the dispersion and transport of suspended sediments on two areas (One is a extraction area in the EEZs, the other is an area of coastal sites). However, sampling station and range have not been selected considering physical, geographical factors (tide, wave, stratification, water depth, etc.) and weather conditions (wind direction and velocity, fetch, duration, etc). Especially turbidity plumes originating from three sources, which include suspended sediments in overflow(or overspill) discharged from spillways and reject chutes of dredging vessel, and resuspended sediments from draghead at the seabed, may be transported to a far greater distance outside the boundary of the extraction site and have undesirable impacts on the marine environment and ecosystem. We address that behaviour of environmental pollutants such as suspended solids, nutrients, and metals should be extensively monitored and diagnosed during the dispersion and transport of the plume. Finally we suggest the necessity to supplement the current system of the sea area utilization consultation and establish the combined guidelines on marine sand extraction to collect basic data, to monitor cumulative effects, and to minimize environmental damages incurred by the aftermath of sand extraction.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.6
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• pp.133-145
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• 2023

This paper examines whether investors have adapted to the venture capital(VC) investment style. VC firms invest in privately held companies and generate returns by selling them after the lock-up period expires. We analyze the impact on stock prices before and after the lock-up period expiration, and compare the Cumulative Abnormal Return(CAR) between the past period(2015-2017) and the recent period(2020-2022) to investigate the effect of the second venture boom. The main findings are as follows. First, unlike in the past, stock price returns around the lock-up period expiration have been lower than the KOSDAQ index in recent years. Second, the impact on stock prices is significant for both 1-month and 12-month lock-up periods. Specifically, it is confirmed that stocks held by venture capital and professional investors with a 1-month lock-up period respond in advance to their information after the second venture boom. Finally, we find that there is a difference in CAR depending on whether or not the company received VC investment after the second venture boom. Based on our findings, we suggest that VC firms need to revise their exit strategies to improve performance. This includes finding ways to reduce information asymmetry and fees, as well as developing strategies to mitigate market volatility. Additionally, the current lock-up period for VCs should be reconsidered as it may increase the risk of stock price decline. We recommend that the government revise the scope and duration of lock-up periods to protect investors after IPO.

• Journal of Environmental Impact Assessment
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• v.22 no.1
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• pp.39-50
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• 2013

Occurrence of landslides has been increasing due to extreme weather events(e.g. heavy rainfall, torrential rains) by climate change. Pyeongchang, Korea had seriously been damaged by landslides caused by a typhoon, Ewiniar in 2006. Moreover, the frequency and intensity of landslides are increasing in summer due to torrential rain. Therefore, risk assessment and adaptation measure is urgently needed to build resilience. To support landslide adaptation measures, this study predicted landslides occurrence using MaxEnt model and suggested susceptibility map of landslides. Precipitation data of RCP 8.5 Climate change scenarios were used to analyze an impact of increase in rainfall in the future. In 2050 and 2090, the probability of landslides occurrence was predicted to increase. These were due to an increase in heavy rainfall and cumulative rainfall. As a result of analysis, factors that has major impact on landslide appeared to be climate factors, prediction accuracy of the model was very high(92%). In the future Pyeongchang will have serious rainfall compare to 2006 and more intense landslides area expected to increase. This study will help to establish adaptation measure against landslides due to heavy rainfall.

• Journal of Environmental Policy
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• v.9 no.1
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• pp.31-55
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• 2010

This study aims to estimate potential climate change damage in Korea using the PAGE model. This study reviewed previous a reasearch to compare relative sensitivity to climate change in Korea and other regions to generate climate change damage function. It was found that sensitivity to climate change in Korea is similar to other Organization for Economic Cooperation and Development (OECD) countries. This study estimated climate change impact for three scenarios. If no action is taken, climate change damage cost in Korea could reach US$ 12,928 ~ 57,900 M. Cumulative Net Present Value (NPV)of climate change impact from 1990 to 2100 would be between US$ 143,226 ~ 921,701 Mdepending on emission scenarios. However, this result should be interpreted with caution as it draws its damage function based on only a few available references. Results also showed that an adaptation policy could decrease the degree of climate change impact significantly. If an adaptation policy is implemented, climate change impact will be decreased by US$ 11,355 million dollars in Korea in 2100.

• Earthquakes and Structures
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• v.11 no.4
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• pp.649-664
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• 2016

A seismic damaged bridge may be hit again by a strong aftershock or another earthquake in a short interval before the repair work has been done. However, discussions about the impact of the unrepaired damages on the residual earthquake resistance of a steel bridge are very scarce at present. In this paper, nonlinear time-history analysis of a steel arch bridge was performed using multi-scale hybrid model. Two strong historical records of main shock-aftershock sequences were taken as the input ground motions during the dynamic analysis. The strain response, local deformation and the accumulation of plasticity of the bridge with and without unrepaired seismic damage were compared. Moreover, the effect of earthquake sequence on crack initiation caused by low-cycle fatigue of the steel bridge was investigated. The results show that seismic damage has little impact on the overall structural displacement response during the aftershock. The residual local deformation, strain response and the cumulative equivalent plastic strain are affected to some extent by the unrepaired damage. Low-cycle fatigue of the steel arch bridge is not induced by the earthquake sequences. Damage indexes of low-cycle fatigue predicted based on different theories are not exactly the same.

• Nuclear Engineering and Technology
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• v.33 no.3
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• pp.270-282
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• 2001

A simple measure of uncertainty importance based on normalized metric distance to quantify the entire change of cumulative distribution functions (CDFs) has been developed for use in probability safety assessments (PSAs). The metric distance measure developed in this study reflects the relative impact of distributional changes of inputs on the change of an output distribution, white most of the existing uncertainty importance measures reflect the magnitude of relative contribution of input uncertainties to the output uncertainty. Normalization is made to make the metric distance measure a dimensionless quantity. The present measure has been evaluated analytically for various analytical distributions to examine its characteristics. To illustrate the applicability and strength of the present measure, two examples are provided. The first example is an application of the present measure to a typical problem of a system fault tree analysis and the second one is for a hypothetical non-linear model. Comparisons of the present result with those obtained by existing uncertainty importance measures show that the metric distance measure is a useful tool to express the measure of uncertainty importance in terms of the relative impact of distributional changes of inputs on the change of an output distribution.