• Journal of Korea Trade
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• 제27권1호
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• pp.60-78
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• 2023

Purpose - The study analyzed 90 online firms worldwise and observed them for ten years to investigate their investments and firm performance variabilities. This study attemped to verify the existence of agency problems in online firms. Through this, the paper intends to expand the scope of research in the fields of investment and firm value both empirically and in theory. This study also attempted to supplement the insufficient logic of previous studies by analyzing the relationship between investment and profitability. Design/methodology - In this study, the investment is subdivided into over-, under-, and neutral investments, and an empirical analysis of the firm performance was conducted. As investment generally has long-term effects, the impact of a firm's investment on future firm performance and variabilities in firm performance was considered over the short-and medium-term period. Findings - It was found that there was a negative relationship between firms with an overinvestment and future firm performance. Underinvestment has no clear statistically significant results on firm performance. This implies that overinvestment causes more reduction in future firm performance than underinvestment. It was also found that underinvestment and overinvestment significantly increased the variability of firm performance. A positive significance was found between under- and over- investment with a variability of 3 years and overinvestment with a variability of 4 years in the future. A negative relationship was found between neutral investment propensity and future performance variabilities. Neutral investment has less effect on the future performance variability of a firm than a firm's overinvestment and underinvestment. For online firms, underinvestment and overinvestment have a greater effect on the firm's future performance variability than neutral investment. Originality/value - The agency theory predicts that information asymmetry and adverse selection problems exacerbate conflicts of interest among stakeholders, thus firm performance. The study contributed to accumulating research on online firms that are currently underexplored by analyzing the investment behavior of major firms in the online industry.

• 지능정보연구
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• 제23권2호
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• pp.123-138
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• 2017

주식 시장은 거래자들의 기업과 시황에 대한 기대가 반영되어 움직이기에, 다양한 원천의 텍스트 데이터 분석을 통해 주가 움직임을 예측하려는 연구들이 진행되어 왔다. 주가의 움직임을 예측하는 것이기에 단순히 주가의 등락 뿐만이 아니라, 뉴스 기사나 소셜 미디어의 반응에 따라 거래를 하고 이에 따른 수익률을 분석하는 연구들이 진행되어 왔다. 주가의 움직임을 예측하는 연구들도 다른 분야의 텍스트 마이닝 접근 방안과 동일하게 단어-문서 매트릭스를 구성하여 분류 알고리즘에 적용하여 왔다. 문서에 많은 단어들이 포함되어 있기 때문에 모든 단어를 가지고 단어-문서 매트릭스를 만드는 것보다는 단어가 문서를 범주로 분류할 때 기여도가 높은 단어들을 선정하여야 한다. 단어의 빈도를 고려하여 너무 적은 등장 빈도나 중요도를 보이는 단어는 제거하게 된다. 단어가 문서를 정확하게 분류하는 데 기여하는 정도를 측정하여 기여도에 따라 사용할 단어를 선정하기도 한다. 단어-문서 매트릭스를 구성하는 기본적인 방안인 분석의 대상이 되는 모든 문서를 수집하여 분류에 영향력을 미치는 단어를 선정하여 사용하는 것이었다. 본 연구에서는 개별 종목에 대한 문서를 분석하여 종목별 등락에 모두 포함되는 단어를 중립 단어로 선정한다. 선정된 중립 단어 주변에 등장하는 단어들을 추출하여 단어-문서 매트릭스 생성에 활용한다. 중립 단어 자체는 주가 움직임과 연관관계가 적고, 중립 단어의 주변 단어가 주가 상승에 더 영향을 미칠 것이라는 생각에서 출발한다. 생성된 단어-문서 매트릭스를 가지고 주가의 등락 여부를 분류하는 알고리즘에 적용하게 된다. 본 연구에서는 종목 별로 중립 단어를 1차 선정하고, 선정된 단어 중에서 다른 종목에도 많이 포함되는 단어는 추가적으로 제외하는 방안을 활용하였다. 온라인 뉴스 포털을 통해 시가 총액 상위 10개 종목에 대한 4개월 간의 뉴스 기사를 수집하였다. 3개월간의 뉴스 기사를 학습 데이터로 분류 모형을 수립하였으며, 남은 1개월간의 뉴스 기사를 모형에 적용하여 다음 날의 주가 움직임을 예측하였다. 본 연구에서 제안하는 중립 단어 활용 알고리즘이 희소성에 기반한 단어 선정 방안에 비해 우수한 분류 성과를 보였다.

• 대한인간공학회지
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• 제29권5호
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• pp.727-734
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• 2010

The objective of this study was to evaluate the resting postures of the fingers and wrist based on the biomechanical model in term of hand posture (neutral, pronation, and supination) and gender (male and female). The finger and wrist joint angles were measured with VICON motion system. The EMG system was used to examine the muscle activity in the resting condition. The participants consisted of twenty male and twenty female students. The angles of the fingers and wrist were analyzed by means of the coordinate system associated with the International Society of Biomechanics. Hand posture was significant for all the joints. The finger and wrist joint flexed in supination more than in neutral and pronation. The hand posture and gender were not significant for the results of muscle activity, but it had larger muscle activities in supination more than in neutral and pronation.

• Journal of applied mathematics & informatics
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• 제14권1_2호
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• pp.237-249
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• 2004

Consider the second order self-adjoint neutral difference equation of form $\Delta(a_n$\mid$\Delta(x_n\;-\;{p_n}{x_{{\tau}_n}}$\mid$^{\alpha}sgn{\Delta}(x_n\;-\;{p_n}{x_{{\tau}_n}}\;+\;f(n,\;{x_{g_n}}\;=\;0$. In this paper, we will give the classification of nonoscillatory solutions of the above equation; and by the fixed point theorem, we present some existence results for some kinds of nonoscillatory solutions of the equation.

• Structural Engineering and Mechanics
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• 제55권4호
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• pp.703-717
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• 2015

In this paper, a simple n-order refined theory based on neutral surface position is developed for bending and frees vibration analyses of functionally graded beams. The present theory is variationally consistent, uses the n-order polynomial term to represent the displacement field, does not require shear correction factor, and gives rise to transverse shear stress variation such that the transverse shear stresses vary parabolically across the thickness satisfying shear stress free surface conditions. The governing equations are derived by employing the Hamilton's principle and the physical neutral surface concept. The accuracy of the present solutions is verified by comparing the obtained results with available published ones.

• 대한수학회지
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• 제53권5호
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• pp.1019-1036
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• 2016

In this paper, we study the existence of solutions and $L^2$-regularity for fractional order retarded neutral functional differential equations in Hilbert spaces. We no longer require the compactness of structural operators to prove the existence of continuous solutions of the non-linear differential system, but instead we investigate the relation between the regularity of solutions of fractional order retarded neutral functional differential systems with unbounded principal operators and that of its corresponding linear system excluded by the nonlinear term. Finally, we give a simple example to which our main result can be applied.

• Nuclear Engineering and Technology
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• 제6권1호
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• pp.9-13
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• 1974

80$^{\circ}$K에서 카드미움설파이드 단결정에 펄스형 전자빔을 쪼였을 때 자연적으로 방출되는 빛의 스펙트럼을 파장의 함수로 측정하였다 측정된 스펙트럼으로부터 중성도너에 묶일 엑사이톤의 분리에너지가 2.0meV였으며, 계산치는 2.4-3.2meV였다. 이 중성도너에 구속된 엑사이톤과 세로방향 광학 음향양자와는 상호작용을 하지 않으며 분리된 자유엑사이톤과 상호작용을 한다는 결론을 얻었다. 그러므로 상호작용으로 구성되는 스펙트럼의 원점은 중성도너로부터 분리된 자유엑사이톤의 스펙트럼의 위치에 있게 되며 또한 스펙트럼의 분석으로부터 카드미움설파이드의 세로방향 광학음향양자 에너지는 40.SmeV로 밝혀졌다.

• 자원ㆍ환경경제연구
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• 제30권2호
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• pp.347-364
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• 2021

국내의 탄소중립 정책은 다분히 온실가스 감축정책 위주로 구성되어 있는 것에 반해 미국, 영국, 중국 등 탄소중립을 선언한 국가는 경제성장과 기후변화를 동시에 달성하겠다는 목표를 갖고 있다. 본 논문은 온실가스 배출의 넷제로를 의미하는 탄소중립 개념을 램지의 경제성장 모형에 포함함으로써 탄소중립 정책이 자본축적의 장기적 동태적 과정에 미치는 효과를 분석하였다. 아울러 지속가능한 경제성장을 달성하기 위한 이른바 하트윅 규칙을 내포하였다. 넷제로의 탄소중립이 자본과 소비 경로의 정상상태와 더불어 나타날 때의 정상상태 균형을 분석하였다. 분석 결과를 보면, 램지 모형에 탄소중립과 하트윅 규칙을 포함할 경우 자본의 축적이 저규모 수준에서 정상상태에 도달하는 것으로 나타났다. 또한 재생에너지 확대가 다수의 이해집단에 의해 지대추구 대상이 될 때에는 자본축적 규모가 보다 더 악화될 수 있기 때문에, 에너지 전환과정에 공정한 시장제도 설계가 중요함을 알 수 있다.

• 한국중재학회지:중재연구
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• 제19권2호
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• pp.27-47
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• 2009

Concepts of mediation and conciliation as alternative dispute resolutions are often confusingly used. As to what is meant by mediation and conciliation, there is no uniform legal definition. However, there has been a distinction between two methods of dispute settlement under the international law (UN Charter, WTO DSU, NAFTA, EU mediation directive, WIPO Mediation Rules) although there is no clear definition on the terms of mediation and conciliation. And also under the domestic law such as U.K, France, Germany, a clear distinction has been made between two terms. Mediation means a facilitated negotiation between two parties through the intervention of a third party. A third and neutral party (mediator) help the parties in dispute to find their solution by managing a certain mediation protocol and facilitating communication between the parties while in conciliation, a third party evaluative the case and can suggest the parties a legally non-binding solution. Once the parties accept it, it becomes binding between them. However, in the U.S,, it seems that there is no practical use of distinguishing mediation and conciliation. The term of mediation is more commonly used than the term of conciliation and it has two kinds of mediation such as facilitative and evaluative mediation. Korea's conciliation system is close to conciliation or evaluative mediation. In conclusion, what is distinct between mediation and conciliation is the role of third party. If a neutral third party takes a role of advisor or facilitator, then he or she may employ a proper protocol to help the parties to find themselves their solution (mediation) while if a neutral person plays a role of evaluator, then he or she listens to the parties and suggest a solution to them (conciliation).

• International Union of Geodesy and Geophysics Korean Journal of Geophysical Research
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• 제23권1호
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• pp.1-11
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• 1995

Thermospheric neutral winds and temperatures have been collected from the ground-based Fabry-Perot interferometer (FPI) at Thule Air Base ($76.5^{\circ}N{\;}69.0^{\circ}W$), Greenland since 1985. The thermospheric observations are obtained by determining the Doppler characteristics f the [OI] 6300 ${\AA}$ emissions of atomic oxygen. The FPI operates routinely during the winter season, with a limitation in the observation by the existence of clouds. For this study, data acquired from 1985 to 1991 were analyzed. The neutral wind measurements from these long-term measurements are used to investigate the influence of solar cycle variation on the high-latitude thermospheric dynamics. These data provide experimental results of the geomagnetic polar cap are also compared with the predictions of two semiempirical models : the vector spherical harmonics (VSH) model of Killeen et al. (1987) and the horizontal wind model (HWM) of Hedin et al. (1991). The experimental results show a good positive correlation between solar activity and thermospheric wind speed over the geomagnetic polar cap. The calculated correlation coefficient indicates that an increase of 100 in F10.7 index corresponds to an increase in wind speed of about 100 m/s. The model predictions reveal similar trends of wind speed variation as a function of solar activity, with the VSH and HWM models tending to overestimate and underestimate the wind speed, respectively.