• 한국벤처창업학회:학술대회논문집
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• 2006.11a
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• pp.61-85
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• 2006

The Purpose of this study is to prove empirically the relationship between ventures' technology valuation and performance, while considering the uniqueness of Korean firms. We use technology valuation index, marketability valuation index, business valuation index as ex-ante independent variables, use firm's performance(sales, asset, operating income ratio, net income ratio etc) as ex-post dependent variables. Parametric analysis such as Paired T-test, ANOVA are applied in this paper. The results of Empirical analysis is summarized as follows. Firstly, operating income ratio and net income ratio are different in portfolios classified by technology valuation index. Secondly, the growth rate of operating income is different in portfolios classified by technology valuation index. Finally, this study has shown that technology valuation index has possibility which it use the predictive variables of ventures' performances.

• Communications for Statistical Applications and Methods
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• v.18 no.2
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• pp.155-164
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• 2011

This paper suggests two ratio-cum-product estimators of finite population mean using known coefficient of variation and co-efficient of kurtosis of auxiliary characters. The bias and mean squared error of the proposed estimators with large sample approximation are derived. It has been shown that the estimators suggested by Upadhyaya and Singh (1999) are particular case of the suggested estimators. Almost ratio-cum product estimators of suggested estimators have also been obtained using Jackknife technique given by Quenouille (1956). An empirical study is also carried out to demonstrate the performance of the suggested estimators.

• East Asian Economic Review
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• v.18 no.3
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• pp.253-276
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• 2014

We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock returns during normal times. However, during the Global Financial Crisis period, different variables such as local market beta, illiquidity risk, equity ratio, and off-balance sheets ratio were statistically significant. Thus, researchers and policy practitioners should monitor these variables during normal times as well as during times of crisis.

• Journal of Korea Society of Industrial Information Systems
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• v.21 no.5
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• pp.31-40
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• 2016

This paper is to set up the autoregressive distributed lag model in order to estimate factor elasticities of the service export in the medical and healthcare service industry and to analyze the determinants for its export performance during 1975-2015. The empirical results suggest that industrial markup, exchange rate, and interest rate have had more decisive effects on the industrial export performance in the medical and healthcare service industry, in particular, during the declining period in factor prices since the foreign currency crisis beginning in late 1997.

• Journal of Korea Technology Innovation Society
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• v.13 no.1
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• pp.124-139
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• 2010

This study analyzes determinants of innovation in Korea manufacturing industries from 2005 to 2007. In order to do this, we use raw data from 'Korea Innovation Survey 2008: Manufacturing Sector' conducted by STEPI, and also collect financial statement data from Korea Investors Service. As an analytical method for the empirical test, we utilize Probit model. Empirical results show that firm size and market concentration have positive relationship with firm's innovation activities. These support the ‘Schumpeterian hypothesis’. This would be the most distinguished feature of this study compared to previous literatures.Our study also shows that R&D personnel ratio, R&D intensity, and advertising intensity have positive effects on firms' innovation. Thus, we can say that R&D activities and consumer orientation are the main determinants of innovation. However, profit ratio and growth rate do not have any statistically significant effect on firms' innovation.

• Computers and Concrete
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• v.13 no.1
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• pp.135-147
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• 2014

Strut-and-tie model (STM) has been recommended by many codes and standards as a rational model for discontinuity regions in structural members. STM has been adopted in ACI building code for analysis of reinforced concrete (RC) deep beams since 2002. However, STM recommended by ACI 318-11 is only applicable for analysis of ordinary RC deep beams. This paper aims to develop the STM for CFRP strengthened RC deep beams through the strut effectiveness factor recommended by ACI 318-11. Two sets of RC deep beams were cast and tested in this research. Each set consisted of six simply-supported specimens loaded in four-point bending. The first set had no CFRP strengthening while the second was strengthened by means of CFRP sheets using two-side wet lay-up system. Each set consisted of six RC deep beams with shear span to effective depth ratio of 0.75, 1.00, 1.25, 1.50, 1.75, and 2.00.The value of strut effectiveness factor recommended by ACI 318-11 is modified using a proposed empirical relationship in this research. The empirical relationship is established based on shear span to effective depth ratio.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
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• v.25 no.7
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• pp.83-91
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• 2011

Even if smoke, fumes, mist or dust particles are removed by electrostatic precipitators (ESPs), the occurrence of ozone, which is harmful to human body, has to be severely restricted in the indoor environments of hospitals, offices, and workshops. Therefore, the two-stage ESP generating positive corona at the ionizer is typically used because it creates less ozone than the two-stage ESP generating negative corona at the ionizer. In order to predict the collection performance and the optimal design of the two-stage ESP applied to positive high-voltage, particle concentration is experimentally investigated in this paper. In addition, particle motion within the collector section is also numerically analyzed. The positive corona discharge current of the ionizer is found to be affected by the applied voltage in the collector section but less so by the particle concentration. Particle concentration shows a minimum near the high voltage electrode of the collector section. The minimum value of the collection efficiency is almost proportional to gas velocity. When the collector length decreases, the minimum value of the collection efficiency increases. Charged particles entering the collector region are linearly deflected towards the grounded plate by an electric field. From the above experimental and numerical results, two empirical equations on the concentration ratio and the collection efficiency are derived, and are in good agreement with the experimental data.

• Structural Engineering and Mechanics
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• v.51 no.3
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• pp.471-485
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• 2014

Until now, the finite corner stiffness of the right-angle frames used as horizontal girders in a bonnet, have not been considered during the design process to result in not a precise result. This paper presents a design equation set for right-angle frames used as horizontal girders in a bonnet assuming rigid corner stiffness. By comparing the center stresses of the right-angle frame according to the design equation set with the results of the finite element method, the master curves for the empirical corner stiffness can be determined as a function of slenderness ratio. A second design equation set for a right-angle frame assuming finite corner stiffness was derived and compared with the first equation set. The master curves for the corner stiffness and the second design equation set can be used to determine the design moments at the centers of the girder so that the bending stresses can be analyzed more precisely.

• Steel and Composite Structures
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• v.25 no.5
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• pp.617-624
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• 2017

In this study, a new empirical method is presented to obtain Dynamic Increase Factor (DIF) in nonlinear static analysis of structures against sudden removal of a gravity load-bearing element. In this method, DIF is defined as a function of minimum ratio of difference between maximum moment capacity ($M_u$) and moment demand ($M_d$) to plastic moment capacity ($M_p$) under unamplified gravity loads of elements. This function determines the residual strength of a damaged building before amplified gravity loads. For each column removal location, a nonlinear dynamic analysis and a step-by-step nonlinear static analysis are carried out and the modified empirical DIF formulas are derived, which correspond to the ratio min $[(M_u-M_d)/M_p]$ of beams in the bays immediately adjacent to the removed column, and at all floors above it. Therefore, the new DIF can be used with nonlinear static analysis instead of nonlinear dynamic analysis to assess the progressive collapse potential of a moment frame structure. The proposed DIF formulas can estimate the real residual strength of a structure based on critical member.

• Journal of the Korea Safety Management & Science
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• v.16 no.4
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• pp.133-145
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• 2014

Aging of the fire organizations, typical disaster response agencies also will be in serious problems with aging society. It is expected that the ratio of more than fifties will reach 31~40% after 10~15 years in Seoul fire organization. This Aging of firefighters can bring about a serious problem in disaster and safety management, since firefighters require robust fitness and healthy bodies in disaster situations. In this study, after the analysis of aging status and trend of firefighters in Seoul, I have an empirical analysis about the impact this aging has on organization effectiveness and QA. As a result, the increase of the elderly reduced organization effectiveness and QA. In addition, in the group consisting of less than 50, it is expected to increase the organization's effectiveness and QA activities through field activity to improve the professional skills with age, but could not be confirmed. In the group consisting of more than fifties, it was found that aging had a significant negative impact on organizational effectiveness and QA activities as factors, including physical deterioration by aging.