• 제목/요약/키워드: exchange theory

검색결과 484건 처리시간 0.022초

단이론에 따른 단백질 이온교환 크로마토그라피의 연구 (A Study of Protein Ion Exchange Chromatography based on Plate Theory)

  • 김인호;김진태
    • 한국미생물·생명공학회지
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    • 제23권4호
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    • pp.485-491
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    • 1995
  • Protein ion exchange chromatography was studied experimentally in order to prove the theoretical prediction from the linear model of Yamamoto, S. et al (1). Adsorption isotherms were measured as a function of ionic strength in a batch experiment. The relationship between the characteristics of chromatogram and the operating conditions of ionic strength, flow rate, length of column, concentration and amount of protein sample were studied. At the higher ionic strength, the lower flow rate and the longer column conditions, the higher number of plate was obtained. Satisfactory agreement was observed between the experimental and the calculated chromatograms except for the case of high protein concentration.

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Foreign Exchange Risk Control in the Context of Supply Chain Management

  • Park, Koo-Woong
    • 유통과학연구
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    • 제13권2호
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    • pp.15-24
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    • 2015
  • Purpose - Foreign exchange risk control is in an important component in the international supply chain management. This study shows the importance of the reference period in forecasting future exchange rates with a specific illustration of KIKO currency option contracts, and suggests feasible preventive measures. Research design, data, and methodology - Using monthly Won-Dollar exchange rate data for January 1995~July 2007, I evaluate the statistical characteristics of the exchange rate for two sub-periods; 1) a shorter period after the East Asian financial crisis and 2) a longer period including the financial crisis. The key instrument of analysis is the basic normal distribution theory. Results - The difference in the reference period could lead to an unexpected development in contract implementation and a consequent financial loss. We may avoid foreign exchange loss by using derivatives such as forwards or currency options. Conclusions - We should consider not only level values but also the volatilities of financial variables in making a binding financial contract. Appropriate measures may differ depending on the specific supply chain pattern. We may extend the study with surveys on actual risk measures.

비압축성 재생형 기계에 대한 개선된 운동량 교환 이론 (II) - 손실 모델 및 성능 예측 - (Improved Momentum Exchange Theory for Incompressible Regenerative Turbomachines (II) - Loss Model and Performance Prediction -)

  • 박무룡;정명균;유일수
    • 대한기계학회논문집B
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    • 제28권10호
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    • pp.1247-1254
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    • 2004
  • In momentum exchange theory the loss models for the circulatory flow is critically important. But because of lack of loss model on the circulatory flow, analysis model on regenerative turbomachines is not available in the open literature. In the present study circulatory loss is evaluated by combining bend's losses. Through the comparison with the previous experimental data on linear pressure gradient, a combination factor is suggested in terms of the aspect ratio of a channel. Applying this factor to two kinds of regenerative blowers the predicted results are found to be in good agreement with the experimental data of the overall performance and the head distribution along the rotational direction. Especially, the comparison with the head distribution demonstrates the accuracy of hydraulic model and loss model suggested in the present study. And the comparison with the overall performance confirms the validness of physical models as well as loss models suggested in the present study.

What Influences Decision on Seasoned Equity Offerings of Listed Vietnamese Companies?

  • LE, Long Hau;NGUYEN, Thi Binh Nhi;PHAM, Xuan Quynh;VUONG, Quoc Duy;LE, Tan Nghiem
    • The Journal of Asian Finance, Economics and Business
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    • 제7권5호
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    • pp.1-7
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    • 2020
  • This paper investigates the determinants on decision to conduct seasoned equity offerings (SEOs) of listed companies on the Ho Chi Minh Stock Exchange in Vietnam. Seasoned equity offerings (SEOs) are defined as the issue of more stocks by a firm to raise more capital after a primary issue. Using panel data collected from audited financial statements of 99 listed companies on the Ho Chi Minh Stock Exchange during 2014-2018, the study employs a logit regression model by fixed effects method to examine factors that affect the decision to implement seasoned equity offerings of those companies. The findings of this study show that profit, revenue growth and company's size have a positively significant impact on the decision, while dividend pay-out ratio negatively significantly influences the equity issuing decision. Furthermore, these results are robust after controlling for the forms of equity offerings, i.e. bonus stocks, stock dividends and rights to buy shares. These findings are consistent with economic theories such as agency theory, pecking order theory, and growth opportunity theory, and also could be explained by the real situations of the Vietnamese stock exchange. This study has important implications for corporate managers, policy makers and investors.

Intergenerational Transfers Between Parents and Their Multiple Adult Children in South Korea

  • Choi, Saeeun;Kim, Jinhee
    • International Journal of Human Ecology
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    • 제15권2호
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    • pp.69-80
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    • 2014
  • Guided by the exchange model, altruistic model, intergenerational solidarity theory, and cultural contexts, this study explored the determinants of financial intergenerational transfers between older parents and adult children in South Korea. We examined 18,820 parent-child dyads by using random-effects models on the first wave of the Korean Longitudinal Study of Ageing (KLoSA) data. Findings showed that downward financial intergenerational transfers were consistent with the self-interest exchange model but upward transfers did not support microeconomic theories. Family solidarity theory was generally supported by downward transfers but geographical proximity was not positively associated with upward transfers. Lastly, cultural contextual variables such as marital status, birth order, and sex of a child were found to be significant. Parents tended to both provide and receive more financial support from unmarried children than from married children. Within the same marital status, the hierarchy existed in order of the first-born son, the second or later sons, and daughters when it came to downward financial transfers. Regarding upward financial transfers, the preference in order was more complicated. The findings of this study help in understanding the intergenerational financial transfers in the Korean context.

구매력평가 가설에 대한 연구: 중국을 대상으로 (A Study on the Purchasing Power Parity Hypothesis: Evidence from China)

  • 장설근;하육강
    • 산경연구논집
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    • 제10권2호
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    • pp.65-75
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    • 2019
  • Purpose - Along with Chinese exchange rate's reform advancement, the issue of exchange rate of RMB has increasingly become the heated focus in the world. In July 2005, China carried out the reform of the exchange rate system, and this behavior has aroused the attention of the world. However, the dispute on whether the theory of purchasing power parity holds or not in China still exists. As such, this paper will attempt to explore whether the purchasing power parity is significant in China. Research design, data, and methodology - The monthly data from July 2005 to December 2017 will be employed to analyze the nominal exchange rate of RMB against the US dollar and the nominal exchange rate of RMB against the euro. Based on these datum, an empirical analysis will be conducted under the unit root test and the cointegration test to exploit the significance of purchasing power parity in China. Results - The findings of this paper reveal that an increase in China's consumer price index will lead to an increase in the RMB exchange rate, which will lead to the depreciation of RMB. Concomitantly, an increase in the consumer price index in the US and Europe will result in a decrease in the RMB exchange rate, which will lead to an appreciation of RMB. In general, in terms of the US, if US consumer price index increases by 1%, China's nominal exchange rate against US dollar will decrease by 0.905%; if China's consumer price index increases by 1%, China's nominal exchange rate against US dollar will increase by 0.648%. In terms of Europe, if Europe consumer price index increases by 1%, China's nominal exchange rate against euro will decrease by 0.277%; If China's consumer price index increases by 1%, China's nominal exchange rate against euro will increase by 0.235%. Conclusions - Generally speaking, the empirical evidences this paper provided show that the purchasing power parity theory has a certain explanatory ability for the decision of RMB exchange rate. As such, the purchasing power parity cannot hold completely, and China's government should continue to deepen the reform of the exchange rate system to improve China's exchange rate market.

교환이론적 관점에서 본 결혼관계에서의 비교수준과 대안에 대한 비교수준의 측정 : 비교수준척도와 대안에 대한 비교수준척도의 개발 (Measuring comparison level and comparison level alternatives in marital relationships from the exchange theory perspectives: Development of the comparison Level Scale and the Comparison Level for Alternatives Scale)

  • 윤경자
    • 대한가정학회지
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    • 제31권4호
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    • pp.133-140
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    • 1993
  • This study presents the rationale for the development of the Comparison Level Scale(CLS) and the Comparison Level for Alternatives Scale(CLAS). Data from 130 married women who live in the U.S.A. suggest that the CLS and the CLAS are internally consistent and unidimensional. The CLS and the CLAS are based on exchange theory perspectives, particularly, Thibaut and Kelley's theory, on evaluating an individual's comparative processes. The scales provide explanatory as well as descriptive power concerning evaluating an intimate relationship.

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The Effect of Fraud Pentagon Theory on Financial Statements: Empirical Evidence from Indonesia

  • DEVI, Putu Nirmala Chandra;WIDANAPUTRA, Anak Agung Gde Putu;BUDIASIH, I Gusti Ayu Nyoman;RASMINI, Ni Ketut
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.1163-1169
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    • 2021
  • This study aims to obtain empirical evidence regarding the effect of the fraud pentagon theory on financial statement fraud. The novelty of this study is the use of factor analysis to consolidate the five elements of the fraud pentagon into just one factor, which, to the knowledge of the researcher, no one else has done to research the effect of pentagon fraud on financial statement fraud. This study uses both agency theory and fraud pentagon theory. The population of this study consists of state-owned companies listed on the Indonesia Stock Exchange. The research period in this study is from 2014 to 2019. The data used in this study is secondary data obtained from the company's annual financial statements. A purposive sampling technique was used to determine the research sample. The selected companies total 20. Factor analysis and simple linear regression analysis method were used as research the methods. Based on the research results, it was found that the fraud pentagon theory had a positive effect on the financial statement fraud of state-owned companies listed on the Indonesia Stock Exchange. High level of the pentagon fraud on a company leads to a higher indication of financial statement fraud.

반강자성 물질의 자기변형 (Magnetostriction in Antiferromagnetic Systems)

  • 김창근;김범현;민병일
    • 한국자기학회지
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    • 제18권4호
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    • pp.159-162
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    • 2008
  • 자기변형(magnetostriction) 현상은 외부 온도와 자기장이 변할 때 자성체의 모양이나 부피가 변하는 현상이다. 반강자성을 갖는 희토류 원소와 화합물에서의 관측되는 자기변형 현상은 결정장에 의한 결정장 변형(crystal-field striction)과 교환상호작용에 의한 교환 변형(exchange striction)으로 잘 설명할 수 있음이 알려져 있다. 이 해설 논문에서는 결정장과 교환 상호작용을 포함하는 자기변형 표준이론에 대하여 논의하고자 한다.

결함 포용 정적 Shuffle-Exchange 네트워크 (Fault Tolerant Static Shuffle-Exchange Network)

  • Choi Hong In
    • 한국정보과학회논문지:시스템및이론
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    • 제30권3_4호
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    • pp.160-167
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    • 2003
  • 정적 shuffle-exchange 네트워크는 여러 응용 알고리듬에 적용되고 현재 많이 사용되는 다중 단계 네트워크에 비해 적은 하드웨어를 사용하는 등 많은 장점이 있으나 아직까지 어떤 병렬처리 컴퓨터에도 채택된 없었다. 그 이유 중에 하나는 결함 내성 기능이 없었기 때문이다. 본 논문에서는 다중 결함 포용 정적 shuffle-exchange network를 소개한다. 본 논문에서 제시되는 결함 포용 정적shuffle-exchange 네트워크는 k 결함을 제어하기 위해서 최소 2k의 추가 처리 요소들과 각 처리 요소들은 최대 4k의 추가 shuffle 링크를 필요로 한다. k 결함 내성을 가진 정적 shuffle-exchange 네트워크를 m개의 동일한 모듈로 분리하여 네트워크의 신뢰성을 증가시키는 것을 보였다.