• The Journal of Asian Finance, Economics and Business
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• 제6권1호
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• pp.21-31
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• 2019

This paper examines how corporate social responsibility is related to the degree of asymmetric information in the Korean financial market. Recent theory argues that there is a negative relationship between a firm's corporate social responsibility and its information asymmetry. To test this hypothesis, we use the environment, social and governance (ESG) score, published by the Korean Corporate Governance Service, to proxy a firm's management practices toward socially responsible activities. In the entire sample of the Korean firms, we find contrasting results; the ESG score shows negative relationships with the price impact measure but statistically insignificant relationships with the dispersion of analyst forecasts. However, the ESG score shows negative relationships with both measures when we exclude chaebol affiliates from the sample. These findings are robust when we examine environmental, social and corporate governance scores separately. This set of results argues for the extant theory, expecting a negative relationship between a firm's engagement in corporate social responsibility and asymmetric information. It further argues for the importance of firm characteristics in determining the influence of socially responsible activities.

• 한국수소및신에너지학회논문집
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• 제33권3호
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• pp.183-201
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• 2022

In this study, economic feasibility analysis was performed when various hydrogen production and transport technologies were applied to derive hydrogen supply plans by period. The cost of hydrogen may vary depending on several reasons; configuration of the entire cycle supply path from production, storage/transportation, and utilization to the cost that can be supplied to consumers. In this analysis, the hydrogen supply price according to the hydrogen supply route configuration for each period was analyzed for the transportation hydrogen demand in metropolitan area, where the demand for hydrogen is expected to be the highest due to the expansion of hydrogen supply.

• 산경연구논집
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• 제14권9호
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• pp.21-30
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• 2023

Purpose: Focusing on the role of the special contract to collaborate the supply chain operations, this study investigates how the revenue sharing contract affects the performance of Vendor Managed Inventory (VMI). Research design, data, and methodology: The optimization model is formulated to represent two stage supply chain system where the supplier and retailer manage the operations to maximize their own profits. Three supply chain models including the traditional system, VMI, and VMI with revenue sharing contract are compared in the numerical examples. Results: According to the numerical analysis, the entire supply chain system has greater profit under VMI than the traditional system, while VMI alone sacrifices the supplier's profit. With the proper sets of revenue share ratio and wholesale price discount rate, VMI with revenue sharing contract results in the increased profit for both supplier and retailer compared with VMI alone as well as the traditional system. Conclusions: The numerical examples imply that VMI, when it is combined with the revenue sharing contract, can be the effective collaboration program that satisfies every supply chain member. To make VMI with revenue sharing contract to be fair to all supply chain members, they need to agree on the appropriate contract content.

• Advances in Energy Research
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• 제8권1호
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• pp.59-71
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• 2022

Increasing cost of electricity due to rising price of fuel is one of the local community's main issues. In this research, switching of grid dependent system to the grid-tied Photovoltaic (PV) system with net metering for a residential building is proposed. The system is designed by considering the maximum energy demand of the building. The designed system is analyzed using RETScreen on technical, economic and environmental grounds. It is found that the system is able to produce 12,000 kWh/year. The system is capable to fulfill the electricity demand of the building during day time and is also capable to sell the energy to the local grid causing the electric meter to run in reverse direction. During night time, electricity will be purchased from grid, and electric meter will run in the forward direction. The system is economically justified with a payback period of only 3 years with net present value of PKR. 4,758,132. Also, the system is able to reduce 7.2 tons of CO₂ not produced in the entire life of the project.

• 한국병원경영학회지
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• 제11권3호
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• pp.1-18
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• 2006

The purpose of this study is to analyze the relationship between intangible asset items and company value by empirical research in the medical industry, which may enhance usefulness of the results of other empirical research on intangible asset and company value. In order to attain the purpose of this study, the stock price is taken as the independent variable and all of intangible asset items reported to a balance sheet except the development expenditures and other development expenditures, and advertisement expenses, ordinary research & development expenditures reported on the income statement are taken as the dependent variables. In the following, I carried out four meaningful results from the analysis. First, research hypothesis 1; Book value of intangible asset reported in balance sheet bears positive relationship with company value shows that development expenditures 1 variable gives positive association in a significant level while a group of \10,000-above-company shows no relationship with company value, the other group of below-\10,000-company supports a consistently significant association. All this considering, we have to keep in mind that lack of prudence may leads to wrong results when we try to analyze. Second, research hypothesis 2; Intangible asset and other intangible asset expenditures reported on the income statement gives positive effect on company value shows that R&D accounts variables give insignificance in a statistical level to all company, including entire group, \10,000-above and below consistently. These results testify that current accounting system is valid. Third, in the case of other intangible asset, it requires further examination of current KAS because statistical results show negatively significant value or insignificant value in a statistical level. That means the more intangible assets, the less company value or nothing. Last, in the case of advertisement expenditure variables of above-\10,000 and entire company shows insignificances in a statistical level consistently while below-\10,000-company shows significant result coherently. We should regard accounting information on the advertisement expenditures of \10,000-below-company with caution. The results of this study provide controversial points whether intangible asset items reported on B/S, excluding development expenditures, should be regarded as asset. To facilitate the utility of accounting information on intangible asset, it seems necessary to regard advertisement expenditures reported on I/S as asset accounts. There are further arguments on the way of dealing with intangible asset under KAS that might be considered.

• The Korean Journal of Physiology
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• 제6권2호
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• pp.57-63
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• 1972

In an attempt to better understand the radioprotective effect of reduced glutathione(GSH), and to observe a possible radioprotective effect of Ginseng extract, whole body X-irradiation of 1,200 r was administered to the mouse either independently or immediately following the injection of GSH or Ginseng extract to the mouse intraperitoneally. The non-protein sulfhydryl (NP-SH) and non-protein disulfide (NP-SS) levels of the liver, and NP-SH level of NP-SH of the blood of the mouse were measured at 30, 60 and 120 minutes, and results were compared with the normal. The results thus obtained are summarized as follows; 1) The normal values of NP-SH and NP-SS of the mouse liver were $5.90{\pm}0.46\;{\mu}\;mol/gm\;wet\;wt.,\;and\;3.02{\pm}0.42\;{\mu}\;mol/ml$ wet wt., respectively, and the normal value of NP-SH of NP-SH of the mouse blood was $3.98{\pm}1.29\;{\mu}\;mol/ml$ 2) The injection of both GSH and Ginseng extract produced the highest values of NP-SH in the liver at 30 minutes, but a gradual decrease to the normal was observed thereafter. When X-irradiation alone was applied, the liver NP-SH value was lower than the normal at 60 minutes post-irradiation and thereafter. When Ginseng extract was injected immediately prior to X-irradiation, the liver NP-SH was lower than the normal throughout the experiment with the lowest value at 60 minutes. However, the combination of GSH and X-irradiation produced higher than the normal values throughout the entire experiment. 3) The liver NP-SS value was most significantly elevated at 30 minutes after the injection of GSH, hut the recovery to the normal was observed thereafter. The injection of Ginseng extract produced slightly higher liver NP-SS values at 30 and 60 minutes, but the value at 120 minutes was similar to the normal. The single application of X-irradiation resulted in the lower then normal liver NP-SS values throughout the entire experiment. When GSH was injected price to X-irradiation, the liver NP-SS values were higher than the normal at 30 and 60 minutes followed b the recovery to the normal at 120 minutes. The combination of Ginseng extract and X-irradiation showed generally lower liver NP-SS values throughout the experiment. 4) The blood NP-SH showed the higher than the normal values in all the experimental groups except when GSH was injected prior to X-irradiation alone produced e significantly elevated blood NP-SS value at 30 minutes post-irradiation.

• 지적과 국토정보
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• 제49권2호
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• pp.5-21
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• 2019

본 연구의 목적은 독도리의 지적변천 과정을 지적의 제도적 개념을 토대로 조사·분석하고, 이를 토대로 독도리의 지적 특성을 제시하는 것이다. 이를 위한 조사방법은 문헌조사법과 인터넷조사법을 병행하였다. 분석방법은 기술적(記述的) 분석방법과 비교 분석방법을 사용하였다. 연구 결과, 독도리의 지적 특성은 다음과 같이 도출되었다. 첫째, 물리적 측면에서 독도리의 지적 특성은 국내에서 가장 작은 지번부여지역으로서 최초의 지적재조사사업이 실시된 지반이 연속되지 않은 소규모 필지로 구성된 지번부여지역으로 나타났다. 둘째, 권리적 측면에서 독도리의 지적 특성은 지번부여지역 전체가 단독 소유자로 구성되어 있으며, 관리청은 변경되었으나 단독 소유자는 변동이 없는 것으로 나타났다. 셋째, 가치적 측면에서 독도리의 지적 특성은 개별공시지가가 전 필지에서 한번도 하락한 곳이 없는 유일한 지번부여지역으로 나타났다. 넷째, 이용규제적 측면에서 독도리의 지적 특성을 제시하면 독도리를 보존하려는 의식과 실효적 지배를 강화하려는 의식이 대립되지만 문화재 보호법 등으로 인해 지적이 매우 소극적인 지적활동의 결과물로 나타났다.

• 한국콘텐츠학회논문지
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• 제20권11호
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• pp.228-236
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• 2020

본 연구는 2020년 4월 현재 우리나라의 안드로이드 기반 스마트폰에 탑재된 유아용 애플리케이션을 리뷰점수에 따라 상·하위 집단으로 나누어 각각 30개씩의 애플리케이션을 선정하고, 내용 분석 및 애플리케이션 평가를 실시하여 집단 간 차이가 있는지 살펴보는 것이었다. 이를 통해 유아용 스마트폰 애플리케이션에 대한 객관적 정보를 제공함으로써 부모와 유아교육전문가가 질적으로 우수한 유아용 애플리케이션을 선택할 수 있도록 돕고, 애플리케이션 개발자에게는 발달에 적합한 유아용 애플리케이션 개발을 위한 아이디어와 방향성을 제시하고자 하였다. 애플리케이션의 내용분석 결과, 애플리케이션 유형은 상·하위 집단 모두에서 자료제시형, 시뮬레이션형 및 게임형만 나타났고, 주제가 속한 누리과정 영역은 상·하위 집단에서 5개 누리과정영역이 모두 나타났으나 그 순서에서는 차이를 보였다. 앱 구매비용의 경우, 리뷰점수 상위 집단은 저가부터 100,000원 이상의 고가까지 분포되어 있는 반면, 하위집단에서는 상대적으로 고가의 애플리케이션이 적었다. 한편 애플리케이션 평가 결과, 리뷰점수 상·하위 집단 간에는 기능요소 전체와 내용요소 전체를 비롯하여 평가 점수 전체에 대해 유의미한 차이가 나타났다. 세부 하위요인의 경우 기능요소의 '기술성'을 제외한 모든 요인에서 유의미한 차이를 보였다.

• 한국가금학회지
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• 제6권2호
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• pp.91-102
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• 1979

The basic problem of the broiler industry is that of fluctuating prices, mainly thanks to unstable supply of and inelastic demand for products as usually indicated as a peculiarity of agricultural commodities. This particularly brings the producer to a great economic risk, because he has to sell products under the condition of pure competition, whereas others from whom he has to buy deal under the condition of oligopoly or even monopoly. Therefore, producers economic position is generally placed in the worst comparing others dealing with, which results in unbalanced economic status of elements involved in broiler operation and further obstruction of industry development as a whole. A certain type of business coordination to overcome such a problem should be measured in order to improve the efficiency of entire operation and thus assure the balanced industry development. The concept of the economic integration developed in modern business system had been adapted to U.S. poultry industry which became common later around the world as a means of stabilizing producers price and whole industry as well. There are two main typos of integration; horizontal and vertical The former refers to the general grouping of similar business units, eg. a hatchery tying with other hatchery, while the latter refers to the knitting together of two or more stages of economic activities, eg. tying together among units of hatching, fled milling, production, processing and marketing. By having the industry integrated, risk and uncertainty involved in various stages of operation could be diversified. The typo of integrating contract between producers and integrators include the share of profits, flat fee payment, feed conversion payment and salary basis. In the U.S., extensive changes in production, processing, and marketing during the last few decades have changed the thicken broiler industry from one of small, widely scattered farms to one that is largo, concentrated and efficient. More than 99 percent of all broilers produced are grown under contract and by integrated firms which vary in size of operation and complexity. About 84 percent of all production is concentrated in 10 States. Some of the other factors ;hat contributed to these choses arc costs, energy use, prices, processing, marketing and demand. No integrated broiler production system has yet been applied in Korea's poultry industry, thus all stages all broiler operation run independently seeking for its own profit. Consequently, producers price fluctuate very widely around the year even more than 50 percent in a few months. This also leads to disadvantages of material supplies, processors and distributors and enforce the industry unstable. The current economic environment in Korea seems that the time for broiler integration comes and as an ideal integrator, feed millers, food processors and producers group may be considered.

• 환경정책연구
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• 제9권1호
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• pp.57-81
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• 2010

고유가 시대인 현실에서 우리나라는 화석연료에 대한 의존도가 높아 저탄소 녹색성장이 가능한 경제사회 구조로의 전환이 시급하다. 현재 화석연료 사용과 관련된 보조금 개편은 환경에 유해한 투입요소에 대한 보조금을 감축 또는 제거하여 경제적 효율성을 제고하고 환경 피해를 완화시켜 사회 전체적으로 편익을 가져올 수 있는 Win-Win 효과가 기대되는 정책방안이다. 특히, 우리나라 전력부문에서 시행되는 보조금 제도 중에서 산업용, 농업용 및 심야전력에 대한 교차보조금의 경우, 전체 전력부문 보조금의 80% 이상을 차지하는 가장 큰 규모인데 본 논문은 전력부문 환경유해보조금 가운데 가장 큰 비중(연간 약 1조 6,583억원)을 차지하는 교차보조금 제도 중에서 산업용 전기의 환경유해보조금 개편 시 기대될 수 있는 파급효과를 가격탄력성 추정을 통해 파악하였다. 가격탄력성 추정에는 ARDL(자기회귀시차분포) 모형을 이용하였고, 기본 데이터는 1990년부터 2007년까지의 분기별 자료를 이용하였다. 본 연구에서 환경유해보조금 제거로 산업용 전력에 대한 연간 에너지 수요변화량은 -12,475,930MWh만큼 사용량이 감소할 것으로 추정되었으며, 이산화탄소 배출량의 경우를 보면 연간 2,644,897톤이 감소하는 것으로 추정되어 보조금 폐지가 이산화탄소 저감에 상당한 기여를 하는 것으로 나타났다. 또한 EU에서 제시한 오염물질 단위당 환경오염비용을 이용하여 배출저감량을 금액으로 환산하면 산업용 전력보조금 제거로 연간 약 1조 1,914억원의 환경개선편익 발생하는 것으로 나타났다. 그리고 이산화탄소의 경우 톤당 25유로를 적용하여 계산하면 산업용 전력보조금 제거로 연간 약 1,062억원의 환경개선편익이 발생하는 것으로 나타났다.