• Title/Summary/Keyword: old member

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Does Partner Volatility Have Firm Value Relevance? An Empirical Analysis of Strategic Alliances

  • Yang, Hang-Jin;Kim, Si-Hyun;Kim, Se-Won;Kang, Dal-Won
    • Journal of Korea Trade
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    • v.23 no.6
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    • pp.145-158
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    • 2019
  • Purpose - Alliance members have constantly revised market strategies over time by withdrawing membership from a current alliance, joining another alliance, or constructing a new alliance. From the perspective of the signaling effect, the purpose of this study is to analyze the impacts of partner volatility (new member, old member, and new group) on firm value. Design/methodology - To analyze the impact of partner volatility on firm value, companies in strategic alliances are classified into the three groups of new partner, existing partner, and new alliance, and the effects on company value are verified through an event study and the signaling effect analysis. Findings - This study proved that new partners and newly formed strategic alliances have higher expectation effects than old partner company groups, and have a more positive effect on the relevant firms' stock prices. In addition, the result of the study showed the same valid results as the alliance levels, and showed that investors' expectations were higher with new partners and new alliances than with old partners. Research Implications - A new perspective on the signaling effects of strategic alliances among shipping lines was presented in this study by grouping alliance types including new member, old member, and new group. The results provide useful insights for selecting partners and firm values of alliance announcement times. Originality/value - This study analyzed partner volatility on relevant companies' stock prices from the perspective of investors from the global shipping conference reorganization in 2017. Strategic alliances were classified into the three categories of new partner, old partner, and new alliance, and the effects on firm value were verified.

Wood Quality and Strength Properties of Old Structural Members (목조건축 해체 고목재의 재질특성 및 강도성능)

  • Hwang, Kweonhwan;Park, Byeongsu;Park, Moon-Jae
    • Journal of the Korean Wood Science and Technology
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    • v.36 no.1
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    • pp.36-44
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    • 2008
  • It is necessary to assess wood quality and strength of the clear specimens from used members in old wooden structures for the reuse of old members on the same structure or a new structure. Wood species classification by microscope observation of each wood member that was used in truss cord and temple, and several physical and strength tests by the specification of present KS standards were conducted to compare with some references. From the comparison of strengths with references, Korean larch gives relatively better wood quality and mechanical properties than other wood species. No significant deterioration of cell wall was found by microscopic observation for the sound wood part that was selected visually. Tensile specimens with 3 mm in thickness on the middle span showed greater strength than 5 mm thick specimens, which explains that dimension of tensile specimen should be examined for evaluating precise tensile strength properties. Other tests, compression, shear, and bending, are adoptable for each strength properties. Test methods for the evaluation of basic strengths and fastener connections for old wood species should be further examined.

A Study on the Planning of Charged Old Folk's Home as the Rural Facilities (농촌지역시설(農村地域施設)로서의 유료양로원(有料養老院) 계획을 위한 연구)

  • Lim, Seung-Koo;Choi, Hyo-Seung
    • Journal of the Korean Institute of Rural Architecture
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    • v.1 no.1
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    • pp.97-106
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    • 1999
  • This is the basic study for being activated rural area through charged old folk's home as the rural facilities. In Korea, it was recognized legalistically from 1993, and 15 homes are operated at present by personal social worker and public-welfare service corporation. The first of 2000's, Korea will be changed aged society and a member of each family will be smaller than 3.5 persons. At that time, the many of aged korean have to live separately from their sons and daughters. And some of them will live only with their wives/husbands or alone in the charged old folk's home. Therefore, the importance and the demand of charged old folk's home will be increasing rapidly in Korea. And so we, all the rural architect have to develope it for aged person.

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A Case Report of Medical Gi-Gong and Korean Medical Therapy for advanced Ankylosing Spondylitis with spinal fusion (척추융합이 진행된 강직성 척추염에 의료기공과 한방요법을 적용한 증례 보고)

  • Lee, Eun Mi;Jung, Jae Hun;Na, Sam Sik;Ahn, Hun Mo
    • Journal of Korean Medical Ki-Gong Academy
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    • v.19 no.1
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    • pp.99-115
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    • 2019
  • Introduction : In patient with ankylosing spondylitis, when bone formation progresses, spinal fusion occurs and joint motion is severely limited. We performed Medical Gi-gong and Korean medical therapies in patient with advanced ankylosing spondylitis with spinal fusion. Case : 46-year-old male with extensive spinal fusion at the cervical and lumbar spine complains of back pain, hip pain, joint stiffness, eye pain, and digestive problems. HLA-B27 (+), mSASSS is 70. Medical Gi-gong was done 311 days for 340 days. Acupuncture, cupping, and manual treatment were performed once every 5.9 days for one year. BASDAI improved from 5.3 to 4.3, BASFI from 4.3 to 3.7, and BASMI from 6.8 to 5.8. mSASSS did not change. Conclusions : Patients with advanced ankylosing spondylitis were treated with Medical Gigong and Korean medical therapies to achieve a slight improvement.

Are There Any Old Globular Clusters in the Starburst Galaxy M82?

  • Lim, Sung-Soon;Hwang, Na-Rae;Lee, Myung-Gyoon
    • The Bulletin of The Korean Astronomical Society
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    • v.36 no.1
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    • pp.63.1-63.1
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    • 2011
  • M82 is a famous starburst galaxy which is dominated by young stellar populations and ISM. Some previous studies indicated the existence of intermediate-age and old stellar population in this galaxy, but little is known about them. We present a study of old globular clusters in M82 using the Hubble Space Telescope archive data. From the cluster survey of M82 we found 650 star clusters. We divided them into disk and halo star clusters according to their position. The color-color diagrams show that all 19 halo star clusters are old globular clusters. The disk sample may include both reddened young clusters and geniune old globular clusters. We estimated their ages using spectral energy distribution fit method with six filter data covering from ultraviolet (F330W) to infrared (F160W), and found that 30 of them are older than 3 Gyr. These are considered to be disk globular clusters. Twelve of the halo globular clusters are found to be partially resolved into their member stars. The (B-V) color range of the halo globular clusters is consistent with that of the Milky Way globular clusters, but most of M82 globular clusters are bluer than (B-V)=0.7. The existence of these old globular clusters suggests that the starburst galaxy M82 has an old stellar halo that may be as old as the Milky Way halo.

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Nonlinear Analysis with contact element between old and new concrete (Contact 요소를 이용한 신.구 콘크리트의 비선형 해석)

  • Cho, Sun-Kyu;Lee, John-Sun;Jeong, Woo-Cheol;Lee, John-Shin
    • Proceedings of the KSR Conference
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    • 2007.05a
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    • pp.1050-1055
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    • 2007
  • In the case of a rail road bridge extension work, especially single track to double track, the foundation of new substructure which supports the extended part of superstructure could be interfered by the exist foundation of an old bridge. When these two foundations are jointed to prevent such fatal effects of the structure as unequal subsidence of soil foundations, it is important to prove the structural behaviour of the joining surfaces between new foundation and old foundation. 3-Dimensional Finite Element Analysis Method have been studied for the solutions of the structural behaviour of the foundations. In this analysis, 'Contact Element' which allows the sliding of each adjoining member is used for the joint of the boundary surface of the old and new pier foundations. Furthermore, Material Nonlinear Behaviour Analysis also supports the accuracy of the result in this study because the foundations consist of concrete main bodies and reinforced steel bars. These detailed analyses secure the verification of the structural safety of the foundations in the extension work more firmly.

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A Case Study on Change and Factor of Interior Spaces in Detached Houses of Rural Area (농촌지역 단독주택의 사례조사를 통한 내부공간의 변화와 요인 고찰)

  • Seo, Tae-Kyo;Byun, Kyeonghwa
    • Journal of the Korean housing association
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    • v.27 no.2
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    • pp.33-42
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    • 2016
  • Over the course of time, changes occur in family composition and members, and such changes impact housing life as well. In contrast to shared housing structures such as apartments, detached houses show a greater variety of changes to interior spaces such as family composition, rural area, natural environment, and modernization. The purpose of this study is to examine the change and factors in interior spaces in detached houses of rural area. Out of 40 houses studied in a 1995 survey, 23 showed changes when studied again in 2015, and 13 were selected for final analysis. This study indicated that at the time of the survey in 1995, two aspects of change occurred which showed in interior space only and internalization through interior-specific additions and improvements. An analysis of interior changes demonstrated there was significant change in kitchens, multipurpose rooms, and other spaces focused on housework and homemaking. Internalization through interior-specific is showed in balcony. As family member is increasing, it is intended to be increasing size of interior space; however, it is showed to increase size of interior space in the step that family member is reducing. It is reason that more spaces are needed when their children whose the old are living in detached houses of rural area are visited.

An Efficient Multicast Scheme for Hierarchical Mobile IPv6 (계층적 Mobile IPv6를 위한 효율적 멀티캐스트 방안)

  • Kim, Byung-Soon
    • The Journal of Korean Institute of Communications and Information Sciences
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    • v.30 no.7A
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    • pp.597-602
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    • 2005
  • This paper proposes an efficient multicast scheme for the hierarchical mobile IPv6(HMIPv6). If a mobility anchor point(MAP) in a new domain does not support multicasting, an entering group member cannot join the multicast group through the new MAP The group member thus keeps receiving multicast packets from its home agent(HA) using Mobile IPv6 (MIPv6). This increases the propagation delay of binding update (BU) messages. However, our scheme enables an entering group member to keep receiving packets from the old multicast MAP. It can also reduce tunneling costs, total delivery costs and handover latency. We simulated the performance of our scheme by comparing it with the seamless multicast handover in a hierarchical mobile Pv6 (M-HMIPv6) using the delivery cost and handover latency factors.

Party Organizations in Multiethnic and Homogenous Societies: Comparing India and Japan

  • Banerjee, Vasabjit
    • Journal of Contemporary Eastern Asia
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    • v.13 no.2
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    • pp.57-68
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    • 2014
  • How do party organizations respond to newly evolving social groups? Research on Indian party organizations reveals that in multiethnic societies with uneven modernization between social groups, internally competitive parties respond better to newly evolving groups. Moreover, it is claimed: the same dynamic works vis-$\grave{a}$-vis homogenous societies with cleavages based on economic differences; and, the pattern holds regardless of differences in electoral institutions. This study examines these claims by testing whether factional competition correlated with recruitment into Japan's Liberal Democratic Party in 1972 and 1983. Japan had a single-nontransferable-vote system with multi-member districts, while the research on India assumes a first-past-the-post system with single-member districts. This study conducts a difference of means test on the population of new and old politicians in the LDP in 1972 and 1983 with a pooled variance adjustment to account for differences in populations' size. The findings show that intra-party competition and recruitment are not correlated in Japan, thus tentatively rejecting both claims.