• Title/Summary/Keyword: e-Trading

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The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International Journal of Advanced Culture Technology
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    • v.11 no.2
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    • pp.389-396
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

Open Markets and FDS(Fraud Detection System) (오픈마켓과 부당거래 방지 시스템)

  • Yoo, Soon-Duck;Kim, Jung-Ihl
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.11 no.5
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    • pp.113-130
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    • 2011
  • Due to the development of information and communication technology, the global influence on politics, economics, society, and culture has grown. A major example of this impact on the economic sector is the growth of e-commerce, which increases both the speed and efficiency of businesses. In light of these new developments, businesses need to shift away from the misconception that information overwhelms to embrace the enhanced competitiveness that e-commerce provides. However, concern about fraudulent transactions through e-commerce is pertinent because of the loss in both critical revenue and consumer confidence in open markets. Current solutions for fraudulent transactions include real-time monitoring and processing, payment pending, and confirmation through SMS, E-mail, and other wired means. Our research focuses on the management of Fraud Detection Systems (FDS) to safeguard online electronic payment systems. With effective implementation of our research we hope to foster an honorable online trading culture and protect consumers. Future comparative research in domestic and abroad markets would provide further insight into preventing fraudulent transactions.

Antioxidant activity of vitamin C in iron-overloaded swine plasma (철분 투여한 돼지에서 비타민 C의 항산화 작용)

  • Lim, Dongjoo;Song, Hochul;Park, Junbong
    • Korean Journal of Veterinary Research
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    • v.41 no.3
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    • pp.305-310
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    • 2001
  • Iron deficient anemia in piglets could be overcome by supplementary iron. Overloaded iron induced peroxidation of cell membrane and increased malonaldehyde (MDA). Antioxidant activity of vitamin C has been studied in iron-overloaded swine plasma. Erythrocyte fragility, MDA, glutathione, vitamin A, and vitamin E were measured in swine plasma with or without iron (0~1mg/dl) and vitamin C (0~10mg/dl). Erythrocyte fragility increased from 8% to 45% in iron group and reduced from 57% to 43% in vitamin C group with dose dependant response. MDA was $0.94{\pm}0.05$ and $1.86{\pm}0.10$ nmol/ml in piglet and pig, respectively, and significantly high in pig (p<0.05). Iron increased MDA from $1.86{\pm}0.10$ to $9.46{\pm}0.04$ nmol/ml in pig, but not in piglet (p<0.05). Vitamin C reduced MDA from $9.46{\pm}0.04$ to $4.80{\pm}0.10$ nmol/ml in pig. Iron increased glutathione from $90.12{\pm}0.10$ to $108.52{\pm}5.29$ nmol/dl in pig, and vitamin C reduced glutathione from $108.52{\pm}5.29$ to $93.52{\pm}2.44$ nmol/dl (p<0.05). Vitamin A and E were $24.86{\pm}2.70$ to $138.29{\pm}6.70{\mu}g/dl$, respectively in iron group, and $35.76{\pm}0.60$ to $177.21{\pm}2.95{\mu}g/dl$, respectively in supplementary vitamin C group (p<0.05). These data indicated an antioxidant activity of vitamin C in iron-overloaded swine plasma.

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Multi-Agent based Operation System Modeling for Automated Container Terminals (자동화 컨테이너 터미널을 위한 멀티에이전트 기반의 운영시스템 모델링)

  • Kang K W.;Yu S. Y.;Mo S. J.;Yim J. H.
    • Journal of Navigation and Port Research
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    • v.29 no.6 s.102
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    • pp.567-572
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    • 2005
  • Trade between nations has been globalized since establishing the WTO(World Trade Organization). By lowering trading barriers under the WTO's system, trade in goods has been gradually increased It requires global logistic system that transports goods in between nations. To save cost of product, cargo of product is containerized and container ships to carry container cargo is going to be bigger: In the market, there are many vendors to provide artificial intelligent modules to operate container terminal. In order to integrate automated container terminal system easily and successfully, this thesis proposes high-level XML/ JMS( eXtensive Markup Language/Java Message Service) communication model and multi-agent based system architecture to share knowledges, solve problems, and active objectives by cooperating between autonomous and intelligent agents that are developed by 3rd party companies in the market. This thesis analyzed current situation of advanced automated container terminal with case studies on implemented systems and difficulties to develop automated container terminal system, reviewed technologies of intelligent agent, communication and automation that unmaned automated container terminal is required.

Design and Implementation of Supply Chain Management System Using XML/EDI in Automibile Industry (자동차부품산업의 XML/EDI를 활용한 SCM 시스템의 설계 및 구현)

  • Moon, Tae-Soo;Kang, Sung-Bae
    • The Journal of Society for e-Business Studies
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    • v.9 no.3
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    • pp.207-226
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    • 2004
  • SCM is one of the important key issues in Internet-based business environment. Most of companies related to B2B electronic commerce are making their efforts to innovate their existing business process into new integrated supply chain process. SCM system using XML/EDI provides competitive advantage to them by reshaping the relationship between traditional trading partners. This study intends to suggest a prototype of SCM system using XML/EDI. To implement SCM system, we analyze and design the supply chain process by using Unified Modeling Language, with a firm engaged in Korean automobile industry, which is a first vendor to produce a set of LAMP. The implementation of SCM system using UML shows excellent performance in software reuse, extensibility, and the interoperability with corporate internal information systems.

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Design and Implementation of RFID-based U-SCM System for Automobile Part Industry (자동차부품산업의 RFID기반 U-SCM시스템 설계 및 구현)

  • Moon, Tae-Soo;Choi, Sang-Min;Kang, Sung-Bae
    • The Journal of Society for e-Business Studies
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    • v.14 no.4
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    • pp.267-286
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    • 2009
  • Most companies in automobile part industry need a SCM (Supply Chain Management) system under the cooperation with suppliers for assembling a automobile. Automobile part industry has a industry feature of hierarchical structure like 1st, 2nd, 3rd vendors. Recently, new cases to implement RFID (Radio Frequency Identification) technology appear in various areas required for integrated information system. Especially, supply chain environment in automobile part industry turns toward ubiquitous computing environment. Most companies in automobile part industry are interested in implementing RFID-based supply chain management system, which makes them shorten the business process, share the transaction information, and enhance the collaborative relationship between trading partners. This paper intends to implement RFID technology in the physical distribution area of automobile part industry such as warehousing, delivering, inventory management. The purpose of this paper is to improve the collaborative relationship of supply chain network using RFID applied to u-SCM system in ubiquitous computing environment. The contribution of this paper is to suggest a new system approach to transform existing business process into new business process through designing and implementing a RFID based SCM system using UML techniques.

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Performance Evaluation of RAP and WMA Mixtures Located in MN/Road Test Cells through Air Voids Analyses (MN/Road 시험포장 구간내의 공기량 측정 및 결과값 분석을 통한 RAP 및 저온 아스팔트(WMA) 혼합물의 특성 평가)

  • Moon, Ki Hoon;Falchetto, Augusto Cannone;Jeong, Jin Hoon
    • International Journal of Highway Engineering
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    • v.16 no.4
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    • pp.63-74
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    • 2014
  • PURPOSES: This research is to evaluate the mechanical performance of different types of Hot Mix Asphalt (HMA) pavement cells prepared for MN/Road field testing section through an extensive experimental analysis of air voids and simple statistical evaluation tools (i.e. hypothesis test). METHODS: An extensive experimental work was performed to measure air voids in 82 asphalt mixture cores (238 samples in total) obtained from nine different types of road cell located in MN/Road testing field. In order to numerically and quantitatively address the differences in air voids among the different test Cells built in MN/Road, a simple statistical test method (i.e. t-test) with 5% significance was used. RESULTS: Similar trends in air voids content were found among the mixtures including conventional HMA, Reclaimed Asphalt Pavement (RAP) and Warm Mix Asphalt (WMA) combined with taconite aggregate this provides support to the use of RAP and WMA technology in the constructions of asphalt pavement. However, in case of acid modified HMA mixtures, significant differences in air void content were observed between on the wheel path and between wheel path location, which implies negative performances in rutting and thermal cracking resistances. Conclusions : It can be concluded that use of RAP and WMA technology in the construction of conventional asphalt pavement and the use of PPA (Poly Phosphoric Acid) in combinations with SBS (Styrene Butadiene Styrene) in asphalt binder production provide satisfactory performance and, therefore, are highly recommended.

The Effect of Portal Search Intensity on Stock Price Synchronicity and Risk: Evidence from Korea (한국 포털 사이트 검색강도가 주가 동조성 및 위험에 미치는 영향)

  • Kim, Min-Su;Xu, Mengxia;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.25 no.4
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    • pp.125-141
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    • 2020
  • Recent Studies emphasize the effect of investors attention, recognition and sentiment on the trading behavior of retail investors and stock price variation. In this study, we use Naver Trend to measure investors'attention and investigate the relation between investor attention and price synchronicity, total risk and systematic risk of stocks. Using various research methodologies such as portfolio analysis, fixed effect regression and dynamic panel analysis, we find consistent results. First, stock price synchronicity is increased with lager average search volume, but with less search variability. Second, both average search volume and its variability are positively related to total risk and beta of stocks. These results can be interpreted that search volume sharply increases only when stock-related event occurs.

A Study on ALTIBASETM LOG ANALYZER method for highly scalable, high-availability (고확장성, 고가용성을 위한 ALTIBASETM LOG ANALYZER 기법에 관한 연구)

  • Yang, Hyeong-Sik;Kim, Sun-Bae
    • Journal of Digital Convergence
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    • v.12 no.5
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    • pp.1-12
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    • 2014
  • Recently, the need for non-stop service is increasing by the business mission-critical Internet banking, e-payment, e-commerce, home shopping, securities trading, and petition business increases, clustered in a single database of existing, redundant research on high-availability technologies related to technique, etc. is increasing. It provides an API based on the Active Log in addition to the technique of redundancy, ALTIBASE$^{TM}$ Log Analyzer (below, ALA), provides scalability and communication of the same model or between heterogeneous. In this paper, we evaluated the performance of ALA by presenting the design of the database system that you can use the ALA, to satisfy all the synchronization features high scalability and high availability, real-time.

The Effect of Portal Search Intensity on Stock Price Crash (포털 검색 강도가 주가 급락에 미치는 영향에 관한 연구)

  • Kim, Min-Su;Kwon, Hyuk-Jun
    • The Journal of Society for e-Business Studies
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    • v.22 no.2
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    • pp.153-168
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    • 2017
  • Recent studies focus on the role of investor attention and transparency in stock-related information in explaining stock return and trading volume. Moreover, recent literatures predict that firm opacity will increase the likelihood of future stock price crashes. In this paper, we investigate, using Naver Trend, the relation between portal search intensity and stock price crash. Using various alternative measures of stock price crash risk and search intensity, we demonstrate that stocks with larger volume of portal search are less likely to experience stock price crashes. These results are consistent with our hypothesis that accumulated firm opacity cause future stock price crash. Finally, our results still hold even after we control for the potential effect of endogeneity in the regression specifications.