• Title/Summary/Keyword: potential model

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A Review on the Financial Profile of Profitability for the KOSDAQ Listed Firms Headquartered in 'Chungcheong' province in the Republic of Korea (국내 충청권 기반 KOSDAQ 상장기업들의 수익성 결정요인 분석)

  • Kim, Hanjoon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.11
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    • pp.5476-5487
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    • 2013
  • From foreign and/or domestic investors' perspectives, it may be interesting to find any financial attributes or profile of the firms headquartered in 'Chungcheong' province concerning profitability, given that this subject so far drew less attention in the previous literature. This study performed three hypothesis tests on the profitability indicator by utilizing the models such as the 'panel data' one and the 'logistic' regression one, applying a modified 'Dupont' system. With respect to the major findings, the results identified that the proxies measuring leverage across the book-value(BVLEV1) and the market-value(MVLEV1) bases, were statistically significant constituents determining profitability. Another explanatory variable, SIZE, with its positive and statistically significant relationship to the indicator, represented that the firms in the province were smaller than their counterparts in the other regional areas in Korea. DRELY applying a modified 'Dupont' system, found to be the only statistically significant discriminating factor between these comparison groups. As one of the primary contributions of this study, the outcomes may be used by the financial institutions operated across the regions including Seoul Metropolitan area, when implementing their lending practices to provide funds for potential borrowers such as the firms belonging to 'Chungcheong' province.

Valuing Non-market Benefits of Water Quality Improvements in Paldang Reservoir and Han River : A Choice Experiments Study (팔당호 및 한강 수질개선의 비시장가치 측정 - 속성가치선택법을 이용하여 -)

  • Kim, Yong-Joo;Yoo, Young Seong
    • Environmental and Resource Economics Review
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    • v.14 no.2
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    • pp.337-379
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    • 2005
  • This choice experiments study values the non-market benefits of water quality improvements in Paldang Reservoir and Han River, located in Korea. A fractional factorial orthogonal design was used to produce four different choice sets per respondent, before employing choice examples to screen out irrational responses. The panel mixed logit model (with normal distributions for the attributes) fit the data best, indicating that allowing for both heterogeneous preferences across households and correlation between repeated choices may represent actual choice behaviors best of all the estimated models. The significant standard deviations of the random attributes suggest that the taste for each attribute may vary considerably in the population. The annual benefits to the Seoul Metropolitan area for a small (large) enhancement of the clarity of water, a gradual removal of unpleasant waters, and a gradual improvement in biodiversity, were estimated to be some 1.5 trillion (1.7 trillion) Won, 2 trillion Won, and 1.7 trillion Won, respectively, with 1.8~2.6 trillion Won for at least two of them occurring together. The study also discusses potential biases germane to choice experiments studies of this type.

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A Study on the Effectiveness of Supply and Evaluation of Residential Intention for Long-term Secured Public Rental Housing (장기안심주택 공급 실효성과 거주의사 평가에 관한 연구)

  • Lee, Youn Soo;Ryu, Hoon;Park, Sung Jin;Kang, Jun Mo
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.34 no.3
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    • pp.1023-1031
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    • 2014
  • This study is conducted to evaluate the supply effectiveness of the Long-term Secured Public Rental Housing (LSPRH) program implemented by the City of Seoul since March, 2012. To estimate the residential intention of potential applicants for the housing program, two logistic regression models of residential intention are estimated based on the residential characteristics of real residents. The purpose of this model estimation is to find out factors influencing the supply of LSPRH and thus to suggest the ideas for improving the effectiveness of the rental housing program operation. The analysis result shows that financial condition, income level, and public support are the major determinants for selecting LSPRH. It is also revealed that those who are currently living in rental housing or living in a house more expensive than those in nearby areas have higher residential intention for the LSPRH program. The result also presents that some problems associated with the traditional rental housing programs - such as visually recognizable low-quality exterior building design or the concentration of rental housing on limited spots - could be solved by this new type of public housing program. Lastly, one interesting finding different from previous research is that people with the intention to move into either traditional rental housing or LSPRH do not necessarily prefer a more spacious house than their current rental house.

The Effect of Augmented Reality Traits on Presence, Flow, and Relational Continuance Behavior with Smart-Phones (스마트폰 기반 증강현실 특성이 프레즌스, 플로우 및 관계지속행동에 미치는 영향)

  • Chun, Tae-Yoo;Park, No-Hyun
    • Journal of Distribution Science
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    • v.13 no.5
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    • pp.45-52
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    • 2015
  • Purpose - Augmented reality (AR) content used in mobile media today can accommodate a wide variety of contextual information. This indicates that making people experience a sense of presence and flow is a very significant factor in augmented reality content. Flow represents a rich immersion potential as representing the progress of emotion and the means to facilitate the operation of the smart phone. Therefore, users will have friendly relational continuance behavior with products and brands that supply this experience. Based on that, the purpose of this study is to investigate the relationships among smart phone AR application traits, presence, flow experience, and relational continuance behavior. First, AR application traits are defined as three categories sensory immersion, navigation, and manipulation, based on preceding studies. This study then examines the influence of AR application traits on the presence and flow experience and looks into the relation among presence, flow experience, and relational continuance behavior. This analysis suggests more detailed and concentrated strategic implications. Research design, data, and methodology - A research model is designed to examine the relation among AR application traits, presence, flow experience, and relational continued behavior. For data collection, questionnaire surveys were composed of multi-items for each component and the direct interview method was used for the interviews. To collect the data, after running the smart phone AR applications, the consumer behaviors of the respondents were generally determined. The questionnaire surveys were conducted for one month, October 2014. A total of 300 questionnaires were distributed with 278 questionnaires used for analysis, excluding the unanswered and insincere questionnaires. The data were analyzed using SPSS ver. 20.0 and LISREL ver. 8.51. Results - The following results are found: First, AR application traits have a significantly positive effect on presence with sensory immersion, navigation, and manipulation all having a significantly positive effect. Second, sensory immersion and manipulation among the AR application traits have a significantly positive effect on flow. However, navigation did not have a significantly positive effect on flow. Third, presence has a significantly positive effect on flow and has a significantly positive effect on relational continuance behavior. Moreover, flow also has a significantly positive effect on relational continuance behavior. This behavior tends to be formed since brands want to encourage relational continuance behavior and positive emotions with the brands being used. Relational continuance behavior accompanies repeat purchasing, positive word-of-mouth and recommendation activities, and forms of trust with the brand. Conclusions - The research results showed that smart phone AR traits had significantly positive effect on presence, flow, and relational continuance behavior. Based on this, smart phone AR application providers should establish an aggressive marketing strategy to accommodate more realistic problems in order to positively influence user behavior. Additionally, the marketers should make efforts to provide fun or convenience in the AR application operation process of the user.

The Effect of Corporate Social Responsibility on Corporate Image and Corporate Performance (기업의 사회적 책임활동이 기업 이미지 형성과 기업 성과에 미치는 영향에 관한 연구: 공유가치창출 인지정도에 따른 차이비교)

  • Lee, Don-Gon;Lee, Myung-Jin
    • Journal of Distribution Science
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    • v.12 no.9
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    • pp.101-112
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    • 2014
  • Purpose - Recently, although corporate social responsibility activities have been increasing in size, they do not have to achieve qualitative improvements and can be passive and cost consuming. Therefore, companies should make quantitative as well as qualitative improvements in their efforts in corporate social responsibility activities. In this study, the classification of social responsibility activities in a variety of studies was analyzed through a more specific path than in previous studies. Corporate behavior image, social behavior image, and corporate contributions image were analyzed through a more detailed analysis of performance. This study suggests that more detailed and concentrated social responsibility activities be pursued by forming companies. Research design, data, and methodology - The purpose of study is to gauge the corporate need for a more intensive, specific area of CSR activities. For this purpose, the sample of consumers that were targeted for CSR activities, recognized as 261 persons, have been investigated. Through a theoretical discussion on previous research, nine hypotheses were established on corporate image, the influence of corporate performance on CSR, and the CSV regulation effect. In order to test the hypothesis, a survey was conducted on 261 male and female consumers who were targeted for CSR, being persons in their 20s to 40s. PASW Statistics 18.0 and AMOS 18.0 were used for statistical analysis. Results - Corporate behavior image was formed through legal responsibility activities and economic responsibility activities. In addition to economic responsibilities, ethical responsibilities and environmental responsibilities were confirmed to have influence on social behavior image. Corporate social responsibility and philanthropic responsibility were confirmed to have influence on economic contribution image. Corporate image has positive effects on brand attitude, corporate reputation, and corporate competition. In addition, when CSV awareness is high, consumers perceive corporate image only through economic responsibility. However, when CSV awareness is low, economic responsibility as well as legal responsibility through charitable activities form the corporate image that influences the brand attitude and corporate reputation, as well as corporate competitiveness. It would appear that the area of corporate social responsibility needs more intensive management for corporate image and corporate competitive advantage. Conclusion - First, the findings of this study show that each CSR activity has a different effect on corporate image and thus, the corporate image influences corporate performance in distinct ways, depending on the CSR activity. This implies that reactive strategies should be tailored to the required image. Second, there is a difference in CSV awareness between groups. When the CSV awareness is low, we can confirm that legal responsibility activities have an especially significant effect on corporate image, implying that corporations should pursue their economic objectives within legal regulations and need to invest significant time and effort for this. This study has limited generalization potential because the result of the model fit has insufficient reference value. In future research, we need to approach various dimensions of corporate performance.

Development of the GIS-based Stream Hydromorphological Structure Assessment System for Small and Midium-size Streams (GIS 기반 중·소규모 하천의 수문지형 물리적 구조 평가 체계 개발)

  • Kim, Man-Kyu;Kim, Hye-Ju;Park, Jong-Chul
    • Journal of the Korean Association of Geographic Information Studies
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    • v.11 no.2
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    • pp.93-107
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    • 2008
  • Recently, there have been many projects regarding restoration of streams to recover their environmental and ecological functions. For the restoration of streams, it is valuable academically and economically to evaluate the ecological condition of streams and build a plan and an object for restoring streams based on that. On the other hand, one of the methods to figure out the ecological condition of streams is to evaluate the hydromorphological structure of stream. In this study we have developed a field survey system using the stream assessment methode of LAWA (Laenderarbeitsgemeinschaft Wasser in Germany) that can assess the hydromorphological structure of small and medium streams. In addition, we constructed a GIS-based stream assesment system which can support auto mapping system and report writing, using the survey results. These systems are aimed to help people in the area of restoring streams perceive the natural and ecological condition of streams in the process of making plans and managing the projects, and they also try to help in collecting raw data to determine an ideal potential model to which an existing stream should be turned.

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Influence of Acid and Heat Treatment on the Removal of Fluoride by Red Mud (Red Mud의 산처리 및 열처리가 불소 제거에 미치는 영향)

  • Kang, Ku;Nyakunga, Expedito;Kim, Young-Kee;Park, Seong-Jik
    • Journal of Korean Society of Environmental Engineers
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    • v.37 no.4
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    • pp.210-217
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    • 2015
  • Fluoride removal by acid and heat treated red mud were studied in batch and column system regarding contact time, initial concentration, pH, adsorbent dose, and filter depth. The results showed that acid treated with 0.8 M HCl, had highest adsorption capacity of fluoride and adsorption capacity decreased as heat treatment temperature increased. Sorption equilibrium reached in 30 min at a initial concentration of 50 mg-F/L but 1 h was required to reach the sorption equilibrium at the initial concentration of 500 mg-F/L by 0.8 M acid treated red mud (0.8 M-ATRM). Equilibrium adsorption data were fitted well to Langmuir isotherm model with maximum fluoride adsorption capacity of 23.162 mg/g. The fluoride adsorption decreased as pH increased due to the fluoride competition for favorable adsorption site with $OH^-$ at higher pH. Removal percentage was increased but the amount of adsorption per unit mass decreased by adding the amount of 0.8 M-ATRM. It was concluded that the 0.8 M-ATRM could be used as a potential adsorbent for the fluoride removal from aqueous solutions because of its high fluoride adsorption capacity and low cost.

Parametric Numerical Study on the Performance of Helical Tidal Stream Turbines (헬리컬 터빈의 설계인자에 따른 성능 연구)

  • Han, Jun-Sun;Choi, Da-Hye;Hyun, Beom-Soo;Kim, Moon-Chan;Rhee, Shin-Hyung;Song, Mu-Seok
    • Journal of the Korean Society for Marine Environment & Energy
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    • v.14 no.2
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    • pp.114-120
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    • 2011
  • The characteristics of a helical turbine to be used for tidal stream energy conversion have been numerically studied with varying a few design parameters. The helical turbines were proposed aiming at mitgating the well known poor cut-in characteristics and the structural vibration caused by the fluctuating torque, and the basic concept is introducing some twisting angle of the vertical blade along the rotation axis of the turbine. Among many potential controling parameters, we focused, in this paper, on the twisting angle and the height to diameter ratio of the turbine, and, based on the numerical experiment, We tried to propose a configuration of such turbine for which better performance can be expected. The three-dimensional unsteady RANS equations were solved by using the commercial CFD software, FLUENT with k-${\omega}$ SST turbulence model, and the grid was generated by GAMBIT. It is shown that there are a range of the twisting angle producing better efficiency with less vibration and the minimum height to diameter ratio above which the efficiency does not improve considerably.

Predicting Methane Production on Anaerobic Digestion to Crop Residues and Biomass Loading Rates (혐기 소화 시 식물체 잔사 및 투입량에 따른 메탄 생산량 예측)

  • Shin, JoungDu;Hong, Seung-Gil;Park, SangWon;Kim, HyunWook
    • Journal of the Korea Organic Resources Recycling Association
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    • v.24 no.3
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    • pp.75-82
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    • 2016
  • Objective of this experiment was to predict the potential methane production with crop residues at different loading rates. Anaerobic digestion of barley and rapeseed straw substrates for biogas production was performed in Duran bottles at various biomass loading rates with crop residues. Through kinetic model of surface methodology, the methane production was fitted to a Gompertz equation. For the biogas production at mesophilic digestion with crop residues, it was observed that maximum yield was 37.2 and 28.0 mL/g at 6.8 and 7.5 days after digestion with 1% biomass loading rates of barley and rapeseed straws, respectively. For the methane content of mesophilic digestion, there were highest at 61.7% after 5.5 days and 75.0% after 3.4 days of digestion with barley and rapeseed straw on both 5% biomass loading rates, respectively. The maximum methane production potentials were 159.59 mL/g for 1% barley straw and 156.62 mL/g for 3% rapeseed straw at mesophilic digestion. Overall, it would be strongly recommended that biomass loading rate was an optimum rate at mesophilic digestion for using 1% barley and 3% rapeseed straws for feed stocks.

Diagnosis of fibroadenoma using radiolabeled bladder cancer specific peptide

  • Ha, Yeong Su;Kwak, Wonjung;Lee, Hwa Young;Lee, Byung-Heon;Hong, Il-Hwa;Jeong, Kyu-Shik;An, Gwang Il;Yoo, Jeongsoo
    • Journal of Radiopharmaceuticals and Molecular Probes
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    • v.1 no.1
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    • pp.38-45
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    • 2015
  • Most tumors are believed to overexpress several receptors, and small peptides targeting these receptors were developed for diagnosis and tumor therapy during past decade. Here we report that fibroadenoma can be visualized by bladder cancer specific peptide. A 9-mer bladder cancer specific peptide, which was discovered from the phage display method, was synthesized by peptide synthesizer, and additional tyrosine was conjugated at the N-terminal for radioiodination (Y-BP). Y-BP was radiolabeled with $^{131/124}I$ using Iodogen tube. The rat treated with N-butyl-N-(4-hydroxybutyl)nitrosamine for 8 weeks was allowed to grow until large size tumor was developed under axilla. The tumor model was microPET imaged sequentially using [$^{18}F$]FDG and radioiodinated $^{124}I-Y-BP$. The tumor was excised and examined by immunostaining studies. Radioiodinated $^{124}I-Y-BP$ was purified using fast protein liquid chromatography (FPLC) in > 90% radiochemical purity. The whole tumor was well visualized by [$^{18}F$]FDG with several intense focal uptake within tumor. The tumor was also clearly seen with $^{124}I-Y-BP$ at 4 h post-injection, and to our surprise the tumor uptake of $^{124}I-Y-BP$ lasted up to three days. The tumor was diagnosed histologically as a fibroadenoma derived from mammary gland. In conclusion, the bladder cancer specific peptide showed the good potential as a new radiotracer for the detection of breast fibroadenoma.