• The Journal of Asian Finance, Economics and Business
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• v.5 no.4
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• pp.9-20
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• 2018

Global rating agencies, such as Moody's and S&P, have assigned credit ratings to corporate bonds issued by Japanese firms since 1980s. Local Japanese rating agencies, such as R&I and JCR, have more market share than the global raters. We examine the yield spreads of 1,050 yen-denominated corporate bonds issued by financial firms in Japan from 1998 to 2014 and find no evidence that bonds rated by at least one global agency are associated with a significant reduction in the cost of debt as compared to those rated by only local rating agencies. Unlike non-financial firms, the reputation effect of global rating agencies does not exist for Japanese financial firms. We also observe that firms with less information asymmetry are more likely to acquire ratings from Moody's or S&P. Additionally, the firm's financial profile does not affect its choice to seek out ratings from global raters. Our findings are contradictory to those by Han, Pagano, and Shin (2012), who employ bonds issued by non-financial firms in Japan. Our conjecture is that the asymmetric nature of financial firms makes investors less likely to depend on a credit risk assessment by rating agencies in determining the yields of new bonds.

• Journal of Institute of Control, Robotics and Systems
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• v.12 no.10
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• pp.955-961
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• 2006

The global ultrasonic system for the self-localization of a mobile robot consists of several ultrasonic transmitters fixed at some reference positions in the global coordinates of robot environment. By activating the ultrasonic transmitters, the mobile robot is able to get the distance to the ultrasonic transmitters and compute its own position in the global coordinate. Due to the limitation on the ultrasonic signal strength and beam width as well as the environmental obstacles however, the ultrasonic signals from some generator may not be transmitted to the robot. Thus, instead of activating the all ultrasonic transmitters, it is necessary to select some ultrasonic generators to activate based on the current robot position. In this paper, we propose a selective activation algorithm for self-localization with the global ultrasonic system. The selective activation algorithm gets the meaningful ultrasonic data at every sampling instants, which results in the faster and more accurate response of the self-localization than the conventional sequential activation. Through the self-localization and path following control, we verify the effectiveness of the proposed selective activation algorithm.

• Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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• v.32 no.3
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• pp.217-223
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• 2014

With precise sensor position, attitude element, and imaging resolution, a simulated geospatial image can be generated. In this study, a satellite image is simulated using SPOT ortho-image and global elevation data, and the geometric similarity between original and simulated images is analyzed. Using a SPOT panchromatic image and high-density elevation data from a 1/5K digital topographic map data an ortho-image with 10-meter resolution was produced. The simulated image was then generated by exterior orientation parameters and global elevation data (SRTM1, GDEM2). Experimental results showed that (1) the agreement of the image simulation between pixel location from the SRTM1/GDEM2 and high-resolution elevation data is above 99% within one pixel; (2) SRTM1 is closer than GDEM2 to high-resolution elevation data; (3) the location of error occurrence is caused by the elevation difference of topographical objects between high-density elevation data generated from the Digital Terrain Model (DTM) and Digital Surface Model (DSM)-based global elevation data. Error occurrences were typically found at river boundaries, in urban areas, and in forests. In conclusion, this study showed that global elevation data are of practical use in generating simulated images with 10-meter resolution.

• Journal of the Korean Institute of Telematics and Electronics
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• v.22 no.3
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• pp.60-67
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• 1985

A new glut bel routing technique for gate array is described in this paper. In former global routers the position of pins is considered to be in the center of the cell. So it is impossible to exactly estimate the number of signal lines passing through each channel. As a result, an overflow occurs and the overflow violates 100% wiring in detailed routing pro-cesses. Besides this, there are some problems in former global routers, for example, design time and cost, etc. This paper proposed a new algorithm in which pins ordering is considered to solve these problems. Using this algorithm, a global router is developed. Program experiments show the efficiency of the proposed algorithm.

• Structural Engineering and Mechanics
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• v.21 no.3
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• pp.275-293
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• 2005

When a thin-walled multicell box girder is subjected to an eccentric load, the distortion becomes an important global response in addition to flexure and torsion. The three global responses appear in a combined form when a conventional shell element is used thus it is not an easy task to examine the three global responses separately. This study is to propose an analysis method using conventional shell element in which the three global responses can be separately decomposed. The force decomposition method which was designed for a single-cell box girder by Nakai and Yoo is expanded herein to multicell box girders. The eccentric load is decomposed in the expanded method into flexural, torsional, and multimode distortional forces by using the force equilibrium. From the force decomposition, the combined global responses of multicell box girders can be resolved into separate responses and the distortional response which is of primary concern herein can be obtained separately. It is shown from a series of extensive comparative studies using three box girder bridge models that the expanded method produces accurate decomposed results. Noting that the separate consideration of individual global response is of paramount importance for optimized multicell box girder design, it can be said that the proposed expanded method is extremely useful for practicing engineers.

• The Research Journal of the Costume Culture
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• v.17 no.2
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• pp.343-351
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• 2009

As more and more consumers shop online, websites of fashion brands have become effective means for business activities. The Colors of web sites are the most effective visual elements for e-tailers to communicate with consumers. The purpose of this study is to compare websites created for local and global markets by men's apparel brands. The empirical study focused on differences of color application between the local and global websites. Fourteen brands were chosen for the study. The main color, sub color, and accent color were extracted according to the screen component ratios for each website. The colors were analyzed by Munsell's 10 Hues and 12 tone classifications of Practical Color Coordinate System. The Results indicated that all websites were using White as the main color. The local website used pale tones while global websites used dark tones. There was also differences in the use of sub colors and tones. Red was most used as the accent color in both local and global websites.

• The Research Journal of the Costume Culture
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• v.22 no.2
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• pp.273-289
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• 2014

The purpose of this study is to identify the determinants of the susceptibility of global consumer culture. As determinants, materialism and self monitoring as psychological variables and fashion clothing product knowledge as clothing-related variable were included. It was hypothesized that both psychological variables and clothing-related variable influence susceptibility of global consumer culture. Data were gathered by surveying university students in Seoul metropolitan area, using convenience sampling, and 311 questionnaires were used in the statistical analysis. In analyzing data, exploratory factor analysis using SPSS and confirmatory factor analysis and path analysis using AMOS were conducted. Factor analysis of susceptibility of global consumer culture revealed four dimensions, 'social prestige' factor, 'quality perception' factor, 'conformity to others' factor, and 'conformity to consumption trend' factor. In addition, factor analysis of self monitoring revealed three dimensions, 'center-oriented attention' factor, 'situation-appropriate self-presentation' factor, and 'strategic displays of self-presentation' factor. The results showed that all the fit indices for the variable measures were quite acceptable. In addition, the overall fit of the model suggests that the model fits the data well. Tests of the hypothesized path show that all variables except for the one factor of self monitoring, 'center-oriented attention', and materialism influence all the factors of susceptibility of global consumer culture. The implications of these findings and suggestions for future study are also discussed.

• Journal of the Korea Safety Management & Science
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• v.11 no.1
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• pp.175-182
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• 2009

The effort for GSI based IT system consolidation has been continued due to the increase of the system and complication increase of system connection, mainly by the global company. Since successful example of GSI realization by part of developed company affect to Korea, global level IT system consolidation has been examined mainly by the domestic company that have great deal of overseas business. Although they have examined consolidation possibility mainly on R&D, finance, operation management part which is the base part of company management, there are limitation for consolidation realization because of the difference between regional business problem of huge cost needed for consolidation. To overcome these realization limitations, it is necessary to lead risk and cost reduction through stepwise part unity and decide Priority Evaluation Framework for Consolidation target and systematic consolidation strategy. For GSI realization, appropriate distributions of unification time according to target system are needed. In this study, based on easiness and usefulness of consolidation and connection between the targets, evaluation methodology for Priority Evaluation Framework of system consolidation has been developed. Priority Evaluation Framework has been decided by applying developed methodology to global production company of high tech industrial part. Through this methodology, companies can realize successful and stable GSI by investing global resources intensively by Priority Evaluation Framework of consolidation target system.

• The Korean Journal of Ecology
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• v.23 no.4
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• pp.293-298
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• 2000

To study the effect of global warming on the growth of plants and plant populations throughout their life cycle under a field-like condition, we constructed a Temperature Gradient Chamber (TGC) in Tsukuba, Japan. The chamber had slender shape : 30 m long. 3 m wide, and 2.5 m high. That satisfactory performance was confirmed by a test throughout all seasons in 1998: the projected global warming condition in the near future was simulated. That is, independent of a great daily or seasonal change in ambient meteorological conditions, air temperatures at the air outlet were warmed 5$^{\circ}C$ higher than those at the ambient (the annual mean was 14.3$^{\circ}C$) with precision of ${\pm}$0.2$^{\circ}C$ (the annual means were 19.2$^{\circ}C$) with a rising rate of approximately 1$^{\circ}C$ every 5 m. This chamber will enable us to study the effects of global warming on growth of plants and plant populations because their abilities to control air temperature are excellent. TGC is expected that it would be utilized for studying the effect of global warming on plant growth under natural weather conditions.

• Journal of Electrochemical Science and Technology
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• v.2 no.3
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• pp.174-179
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• 2011

The mesoscopic $Sb_2S_3$-sensitized photoelectrochemical solar cells using cobalt redox electrolyte exhibit nonlinear behavior of power conversion efficiency with illuminated sun intensity. From the measurement of bulk diffusion and electrochemical impedance spectroscopy studies, we suggest that the nonlinearity of device performance with illuminated sun intensity is attributed not to the slow bulk diffusion problem of cobalt electrolyte but to the limited mass transport in narrowed pore volume in mesoscopic $TiO_2$ electrode.