• The Korean Journal of Financial Management
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• v.24 no.2
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• pp.183-206
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• 2007

The price-dividend ratio is one of the most frequently used financial variables to predict long-horizon stock return. However, the persistency of the price-dividend ratio is found to cause the spuriousness of the stock return prediction regression. The stable relationship between the stock price and the dividend, however, seems to weaken after World War II and to experience structural break. In this paper, we identify a structural change in the cointegrating relationship between the log of the stock price and the log of the dividend. Confirming a structural break in 1962, we subdivide the sample and apply the fully modified estimator to correct for the nonstationarity of the regressor. With the subdivided sample, we exercise the nonparametric bootstrap procedure to derive the empirical distribution of the test statistics and fail to find return predictability in each subsample period.

• Structural Engineering and Mechanics
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• v.9 no.3
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• pp.227-240
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• 2000

The study of the optimal damping ratio of a tuned liquid-column damper (or TLCD) attached to a single-degree-of-freedom system is presented. The tuned liquid-column damper is composed of two vertical columns connected by a horizontal section in the bottom and partially filled with water. The ratio of the length of the horizontal section to the effective wetted length of a TLCD considered as another important parameter is also presented for investigation. A simple pendulum-like model test is conducted to simulate a long-period motion in order to prove the effectiveness of TLCD for vibrational control. Comparisons of the experimental and analytic results of the TLCD, TLD (tuned-liquid damper), and TMD (tuned-mass damper) are included for discussion.

• Journal of Nutrition and Health
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• v.27 no.6
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• pp.574-582
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• 1994

The effects of age and dietary fatty acid composition on prostagladin production was investigated in Sprague-Dawley strain male rats. Animals weighing 88.6$\pm$2.2g were fed 10% dietary fat(W/W, 20% of total energy). The P/S ratios of dietary lipid were three levels(0.5, 1, 2) and there were three different levels of n-6/n-3 fatty acid ratio(2, 4, 8) in each P/S ratio. The experimental period were 1 month and 12 months, respectively. The results of this study were as follows. As the age of rats increased, the plasma thromboxane B2 production increased, but aorta 6-keto prostaglandin F1$\alpha$ decreased. When a higher amount of n-3 fatty acid was fed in each P/S ratio, the relative percentage of linolenic acid and EPA in platelet increased.

• Proceeding of KASS Symposium
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• 2005.05a
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• pp.215-226
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• 2005

To study the influence of an lower part on the seismic response of a spatial structure as the upper part of a structure, as a first step, authors subsititude the upper part and the lower part of a structure to single degree of freedom systems indivisually, and set up structural models connected by them. It is clarified that the mass ratio and the period ratio of an upper part to a lower part are important parameteres to find the amplification or reduction of the sesimic response of an upper part by considering of a lower part.

• Journal of the Korean Society for Aviation and Aeronautics
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• v.15 no.3
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• pp.57-62
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• 2007

In this paper, we attempted to produce the cloud forecast that use the numerical weather prediction(NWP) MM5 for objective cloud forecast. We presented two methods for cloud forecast. One of them used total cloud mixing ratio registered to sum(synthesis) of cloud-water and cloud-ice grain mixing ratio those are variables related to cloud among NWP result data and the other method that used relative humidity. An experiment was carried out period from 23th to 24th July 2004. According to the sequence of comparing the derived cloud forecast data with the observed value, it was indicated that both of those have a practical use possibility as cloud forecast method. Specially in this Case study, cloud forecast method that use total cloud mixing ratio indicated good forecast availability to forecast of the low level clouds as well as middle and high level clouds.

• Korean Journal of Plant Resources
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• v.11 no.2
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• pp.131-135
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• 1998

Cathamus tinctorius, Coptis japonica and Asarum sieboldii were tested as substrate for the production of Flammulina velutipes. Among the C. tinctoris , C. japonica and A. sieboldii , C. tinctoris was the best substrate for the production of fruitbody. The effects of addition of C. tinctoris to sawdust substrate resulted in the increased mycelial growth on inoculum culture, 3.1% in ratio of fully culture and shorted one day in culture period. C. tinctoris was decreased 6.1% in ratio of fully culture, 11.0% in ratio of fruitbody productive culm. The addition of C.tinctoris, C.japonica to sawdust substrate increased 134.6%, 114.1% on the yield of the mushroom fruitbody respectively . But A. sieboldii decreased the mycelial growth and pineheading ratio delayed the production of fruitbody.

• Fisheries and Aquatic Sciences
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• v.8 no.3
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• pp.182-184
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• 2005

We examined the sex ratio, and insemination rate of Parapenaeus fissuroides and Parapenaeus lanceolatus using samples collected near Cheju Island, Korea, in January 2005. Females were more numerous than males in both species, and based on the gonad color pattern, sex ratio, and insemination rate, the spawning period of these shrimps was determined to be during winter.

• East Asian Economic Review
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• v.18 no.3
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• pp.253-276
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• 2014

We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock returns during normal times. However, during the Global Financial Crisis period, different variables such as local market beta, illiquidity risk, equity ratio, and off-balance sheets ratio were statistically significant. Thus, researchers and policy practitioners should monitor these variables during normal times as well as during times of crisis.

• Proceedings of the KIPE Conference
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• 2008.10a
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• pp.16-18
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• 2008

A novel general direct duty ratio pulse width modulation strategy is proposed to modulate matrix converters. By using average concept over one switching period, the modulation algorithm and the required equations are derived to synthesize the desired output voltage and to achieve the controlled input power factor. The proposed method use continuous carrier and the predetermined duty ratio signal for directly generating gating signals an thus is named "direct duty ratio PWM(DDPWM)". The feasibility and validity of the proposed strategy are verified by experimental results.

• Proceedings of the Earthquake Engineering Society of Korea Conference
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• 2006.03a
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• pp.503-510
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• 2006

Seismic control performance of MR dampers, which have severe nonlinearity, differs with respect to the dynamic characteristics of an earthquake such as magnitude, frequency and duration. In this study, the effects of excitation characteristics on the equivalent linear system of a building structure with an MR damper are investigated through numerical analysis for artificial ground motions generated from different response spectrums. The equivalent damping ratio of the structure with an MR damper is calculated using Newmark and Hall's equations for ground motion amplification factors. It is found that the equivalent damping ratio of the structure with the MR damper is dependent on the ratio of the maximum friction force of the MR damper over excitation magnitude. Frequency contents of the earthquake ground motion affects the equivalent damping ratio of long-period structures considerably. Also, additional damping effect caused by interaction between the viscousity and friction of the MR damper is observed.