• Title/Summary/Keyword: global behavior

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Does Investor Protection Affect Bank Liquidity Risk? (투자자 보호제도가 은행들의 유동성위험에 영향을 미치는가?)

  • Lee, Chisun;Kim, Jeongsim
    • The Journal of the Korea Contents Association
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    • v.19 no.9
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    • pp.242-253
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    • 2019
  • There has been a large literature on bank liquidity risk since the 2008 global financial crisis because liquidity risk was at the heart of the crisis. However, there is no study that investigates whether the level of investor protection influences liquidity risk-taking behavior of banks. Therefore, this study aims to explore the relationship between investor protection and liquidity risk as well as to provide policy implications. Using a panel dataset of commercial banks in 21 OECD countries, we found that strong investor protection encourages banks to take lower liquidity risk. Furthermore, this positive role of shareholder protection is more prominent during a crisis, implying that legal protection of investors plays an essential role in bank stability while market discipline is largely ineffective due to extensive government guarantees in turbulent times.

Strategy for Public Service Broadcasting News in Digital Era : Focusing on BBC 'Digital First' case (디지털 시대의 공영방송 뉴스 전략 : BBC의 'Digital First' 사례를 중심으로)

  • Joo, Jaewon
    • Journal of Digital Convergence
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    • v.17 no.9
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    • pp.13-22
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    • 2019
  • In the midst of the rapid changes in the digital media environment, this study try to examine the challenges of the public service broadcasting(PSB) news as a representative public sphere in a democratic society, and sought realistic alternatives through a case study of the BBC, one of the most successful digital policies of PSB in the world. The study found that the BBC's 'Digital First' strategy pursued a fundamental change in news formats, thereby simultaneously innovating on content. It was also interesting to see that the news consumers' needs for social media and video content were selectively analyzed and approached with a strategy of choice and focus. Finally, the production of customized digital content by analyzing news viewing behavior by each age group also suggests a lot to Korean PSB. I hope that the cases of this study will be reflected in the digital policies of Korean PSB.

Nutritional Status of Liver Transplantation Recipients and Factors Influencing Nutritional Status (간 이식 수혜자의 영양 상태와 영향 요인)

  • Hwang, SinYoung;Choi-Kwon, Smi
    • Journal of Korean Academy of Nursing
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    • v.49 no.3
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    • pp.340-348
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    • 2019
  • Purpose: This study aimed to investigate the nutritional status of liver transplantation (LT) recipients and explore certain factors that influence nutritional status, including dietary patterns and physical activities. Methods: This was a cross-sectional, descriptive study. The subjects included 211 LT recipients at a medical center outpatient clinic located in Seoul, Korea. The nutritional status, dietary patterns, and physical activities of each subject were measured using the body mass index (BMI), Mini Dietary Assessment (MDA), and Global Physical Activity Questionnaire. Independent t-test, one-way analysis of variance, and multiple linear regression analysis were used to analyze the data. Results: The percentages of living and deceased donor LTs were 81.0% and 19.0%, respectively. The mean BMIs pre- and post-LT were 23.88 and $23.16kg/m^2$, respectively, and the average MDA score was 36.55. More than 60.0% of the subjects had a moderate or high level of physical activity. In multivariate analysis, a higher BMI before LT (${\beta}=.72$, p<.001), a lower Model for End-stage Liver Disease (MELD) score (${\beta}=-.18$, p<.001), and being male (${\beta}=-.10$, p=.024) contributed to better nutritional status post-LT. Patients within six months of LT were less engaged in muscle exercises than those post six months of LT (p=.020). Conclusion: LT recipients in Korea have good nutritional status and a good level of physical activity. To improve recipients' post-LT nutritional status, the pre-LT nutritional status should be considered, particularly in those with a higher MELD score. In addition, physical activity including muscle-strengthening exercises should be encouraged from an earlier stage.

An Efficient Decoy File Placement Method for Detecting Ransomware (랜섬웨어 탐지를 위한 효율적인 미끼 파일 배치 방법)

  • Lee, Jinwoo;Kim, Yongmin;Lee, Jeonghwan;Hong, Jiman
    • Smart Media Journal
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    • v.8 no.1
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    • pp.27-34
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    • 2019
  • Ransomware is a malicious program code evolved into various forms of attack. Unlike traditional Ransomware that is being spread out using email attachments or infected websites, a new type of Ransomware, such as WannaCryptor, may corrupt files just for being connected to the Internet. Due to global Ransomware damage, there are many studies conducted to detect and defense Ransomware. However, existing research on Ransomware detection only uses Ransomware signature database or monitors specific behavior of process. Additionally, existing Ransomware detection methods hardly detect and defense a new Ransomware that behaves differently from the traditional ones. In this paper, we propose a method to detect Ransomware by arranging decoy files and analyzing the method how Ransomware accesses and operates files in the file system. Also, we conduct experiments using proposed method and provide the results of detection and defense of Ransomware in this paper.

Effects of Intraperitoneal N-methyl-D-aspartate (NMDA) Administration on Nociceptive/Repetitive Behaviors in Juvenile Mice

  • Kim, Seonmin;Kim, Do Gyeong;Gonzales, Edson luck;Mabunga, Darine Froy N.;Shin, Dongpil;Jeon, Se Jin;Shin, Chan Young;Ahn, TaeJin;Kwon, Kyoung Ja
    • Biomolecules & Therapeutics
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    • v.27 no.2
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    • pp.168-177
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    • 2019
  • Dysregulation of excitatory neurotransmission has been implicated in the pathogenesis of neuropsychiatric disorders. Pharmacological inhibition of N-methyl-D-aspartate (NMDA) receptors is widely used to model neurobehavioral pathologies and underlying mechanisms. There is ample evidence that overstimulation of NMDA-dependent neurotransmission may induce neurobehavioral abnormalities, such as repetitive behaviors and hypersensitization to nociception and cognitive disruption, pharmacological modeling using NMDA has been limited due to the induction of neurotoxicity and blood brain barrier breakdown, especially in young animals. In this study, we examined the effects of intraperitoneal NMDA-administration on nociceptive and repetitive behaviors in ICR mice. Intraperitoneal injection of NMDA induced repetitive grooming and tail biting/licking behaviors in a dose- and age-dependent manner. Nociceptive and repetitive behaviors were more prominent in juvenile mice than adult mice. We did not observe extensive blood brain barrier breakdown or neuronal cell death after peritoneal injection of NMDA, indicating limited neurotoxic effects despite a significant increase in NMDA concentration in the cerebrospinal fluid. These findings suggest that the observed behavioral changes were not mediated by general NMDA toxicity. In the hot plate test, we found that the latency of paw licking and jumping decreased in the NMDA-exposed mice especially in the 75 mg/kg group, suggesting increased nociceptive sensitivity in NMDA-treated animals. Repetitive behaviors and increased pain sensitivity are often comorbid in psychiatric disorders (e.g., autism spectrum disorder). Therefore, the behavioral characteristics of intraperitoneal NMDA-administered mice described herein may be valuable for studying the mechanisms underlying relevant disorders and screening candidate therapeutic molecules.

Experimental Study on Low Cyclic Loading Tests of Steel Plate Shear Walls with Multilayer Slits

  • Lu, Jinyu;Yu, Shunji;Qiao, Xudong;Li, Na
    • International journal of steel structures
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    • v.18 no.4
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    • pp.1210-1218
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    • 2018
  • A new type of earthquake-resisting element that consists of a steel plate shear wall with slits is introduced. The infill steel plate is divided into a series of vertical flexural links with vertical links. The steel plate shear walls absorb energy by means of in-plane bending deformation of the flexural links and the energy dissipation capacity of the plastic hinges formed at both ends of the flexural links when under lateral loads. In this paper, finite element analysis and experimental studies at low cyclic loadings were conducted on specimens with steel plate shear walls with multilayer slits. The effects caused by varied slit pattern in terms of slit design parameters on lateral stiffness, ultimate bearing capacity and hysteretic behavior of the shear walls were analyzed. Results showed that the failure mode of steel plate shear walls with a single-layer slit was more likely to be out-of-plane buckling of the flexural links. As a result, the lateral stiffness and the ultimate bearing capacity were relatively lower when the precondition of the total height of the vertical slits remained the same. Differently, the failure mode of steel plate shear walls with multilayer slits was prone to global buckling of the infill steel plates; more obvious tensile fields provided evidence to the fact of higher lateral stiffness and excellent ultimate bearing capacity. It was also concluded that multilayer specimens exhibited better energy dissipation capacity compared with single-layer plate shear walls.

Factors Influencing Information Privacy Behavior: A Replication Study

  • Kim, Gimun;Yoon, Jongsoo
    • Journal of the Korea Society of Computer and Information
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    • v.26 no.4
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    • pp.231-237
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    • 2021
  • Over a decade ago, Krasnova et al. identified the factors that influence Facebook users' self-disclosure. These factors include perceived risks, relationship building, relationship maintenance, self-presentation, and enjoyment. Meanwhile, during the past 10 years, there have been significant changes in terms of function, media, and competition. SNSs have been functionally enhanced, used in mobile environment, and had many competitors. Based on these facts, it is believed that the influence of the factors on self-disclosure is different from those of Krasnova et al. The purpose of this study is to verify through a replication study whether the factors adopted in the study of Krasnova et al. are still important in explaining self-exposure. The study empirically find the result significantly different from those of Krasnova et al. Based on the result, the study provides meaningful implications and suggestions for future research.

Long Memory and Market Efficiency in Korean Futures Markets (국내 선물시장의 장기기억과 시장의 효율성에 관한 연구)

  • Cho, Dae-Hyoung
    • Asia-Pacific Journal of Business
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    • v.11 no.4
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    • pp.255-269
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    • 2020
  • Purpose - This paper analyzes the market efficiency focusing on the long memory properties of the domestic futures market. By decomposing futures prices into yield and volatility and looking at the long memory properties of the time series, this study aims to understand the futures market pricing and change behavior and risks, specifically and in detail. Design/methodology/approach - This study analyzes KOSPI 200 futures, KOSDAQ 150 futures, 3 and 10-year government bond futures, US dollar futures, yen futures, and euro futures, which are among the most actively traded on the Korea Exchange. To analyze the long memory and market efficiency, we used the Variance Ratio, Rescaled-Range(R/S), Geweke and Porter-Hudak(GPH) tests as semi- parametric methods, and ARFIMA-FIGARCH model as the parametric method. Findings - It was found that all seven futures supported the efficiency market hypothesis because the property of long memory turned out not to exist in their yield curves. On the other hand, in futures volatility, all 7 futures showed long memory properties in the analysis, which means that if new information is generated in the domestic futures market and the market volatility once expanded due to the impact, it does not decrease or shrink for a long period of time, but continues to affect the volatility. Research implications or Originality - The results of this paper suggest that it can be useful information for predicting changes and risks of volatility in the domestic futures market. In particular, it was found that the long memory properties would be further strengthened in the currency futures and bond rate futures markets after the global financial crisis if the regime changes of the domestic financial market are taken into account in the analysis.

Effect of Brand Popularity in a Foreign Market on Consumer Behavior in a Franchise Cosmetic Retailer's Online Shop

  • KIM, Ji-Hern;GONG, Tae Gyung;AHN, So Jung
    • The Korean Journal of Franchise Management
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    • v.11 no.2
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    • pp.17-22
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    • 2020
  • Purpose: As consumers have difficulty in brand choice due to excessive information, using brand popularity as an advertising cue (e.g., Sales No. 1, Hit Product) has been getting more attention as an effective curation strategy for decreasing consumers' cognitive efforts. Accordingly, recent studies empirically demonstrate that consumers tend to prefer and choose a brand with a popularity cue and offer a useful information regarding how to use a popularity cue in marketing communication. However, extant research has mainly focused on investigating the impact of "brand popularity in a domestic market" on consumer behaviors. Thus, little is known about the effect of "brand popularity in a foreign market" on local consumers' decision-making process. Given that domestic consumers tend to purchase imported products from overseas countries, it can be meaningful information for global companies. Therefore, this research derives and tests the five hypotheses to examine how local consumers respond to brand popularity in a foreign market as an advertising cue. Specifically, it tests the three hypotheses regarding the direct and indirect effects of brand popularity in a foreign market on risk perception and purchase intention. Then, it tests two additional hypotheses about moderating effects of psychic distance on the relationship between brand popularity and risk perception as well as on the relationship between brand popularity and purchase intention. Seventy participants are exposed to an advertisement for an Indian cosmetic brand using a popularity cue in Indian market and answer the questions about brand evaluation. For data analysis, regression analysis is employed. The findings of this research show that perceived brand popularity lowers local consumers' perceived risk with a foreign brand. However, perceived brand popularity does not have a direct impact on purchase intention while it has an indirect effect through perceived risk. Meanwhile, psychic distance moderates the effect of perceived brand popularity on perceived risk level, but it has no impact on the relationship between brand popularity and purchase intention. This research is one of the first studies that demonstrate the positive impact of brand popularity in a foreign market on a local consumer's purchase decision, and it shows the effect can be moderated by psychic distance.

Impacts of Service Quality Towards Luxury Stores and Extended Self on Luxury Purchase Intention : Focusing on Chinese Consumer (명품매장에 대한 서비스품질과 자아확장성이 명품 구매행동에 미치는 영향 : 중국소비자를 중심으로)

  • Lee, You-Kyung
    • International Area Studies Review
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    • v.21 no.1
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    • pp.79-96
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    • 2017
  • As Chinese luxury consumption is rapidly expanding and dominant in global luxury market, it becomes very critical to understand Chinese consumers' luxury consumption pattern. Under this circumstance, this study empirically tested the impacts of Chinese consumers' perceived service quality of luxury stores and extended self of luxury on luxury purchasing intention. The result of this study is as follows. First of all, Chinese consumer' perceived service quality of luxury store and extended self of luxury have positive impacts on luxury purchasing intention. However, Chinese consumer' extended self of luxury has partial interaction impact on luxury purchasing intention. From the results, to promote Chinese consumers' luxury consumption, marketers must improve the service quality of luxury store and extended self of luxury. This research not only enrich theoretical knowledge about Chinese consumers' luxury purchase behavior, but also assist marketer to develop luxury marketing strategies in China.