• Asia-Pacific Journal of Business
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• v.13 no.2
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• pp.1-22
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• 2022

Purpose - The purpose of this study is to examine the effect of VC investment on the IPO and post-IPO performance of Chinese firms. Design/methodology/approach - By utilizing CSMAR and VentureXpert database, we construct a firm-year panel data covering all listed firms in the Chinese stock market from 2006 to 2018. Findings - First, we find that VC-backed firms are significantly less underpriced than non-VC-backed firms. Our results show that the initial IPO-day return of VC-backed firms is 0.16% lower than that of non-VC-backed firms. Next, we find that VC-backed firms demonstrate significantly worse operating performance than non-VC-backed firms after the IPO. In the next three years following the IPO, VC-backed firms underperform non-VC-backed firms by 0.4% in terms of ROA and by 0.6% in terms of ROE. Research implications or Originality - Our results support the Grandstanding Hypothesis, among several competing hypotheses regarding the effect of VC investment, which suggests that VCs window dress their IPO firms for their early exit at the expense of a poor operating performance of the IPO firms after going public.

• Journal of Distribution Science
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• v.21 no.10
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• pp.77-84
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• 2023

Purpose: This study aims to determine the impact of green accounting on the distribution of company financial performance. Green Accounting is seen as an accounting approach that considers the environmental impact of business activities and the distribution of financial performance which is expected to provide great benefits to the company. Research Design Data and Methodology: The population of this study is 168 manufacturing companies listed on the Indonesia Stock Exchange from 2018 to 2020. The research theory uses the Legitimacy Theory and the Shareholder Theory. Research data were analyzed using multiple regression models with purposive sampling. Green Accounting in this study uses environmental cost proxies using Return on Capital Employed (ROCE). Financial performance uses the Return on Equity (ROE) proxy. Results: research shows that the influence of green accounting can provide important input to operational managers in manufacturing companies in making decisions regarding environmental costs and environmental protection that will provide economic benefits for the company. In addition, these findings also clarify the great benefits of green accounting policies for a company's production process. Conclusion: Green Accounting has a long-term impact through the company's financial performance. Green Accounting can be the basis for companies in deciding whether to invest or not.

• Journal of computational fluids engineering
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• v.19 no.3
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• pp.91-97
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• 2014

A high resolution numerical method aimed at solving cavitating flow was proposed and applied to gas-liquid two-phase shock tube problem with arbitrary void fraction. The present method with compressibility effects employs a finite-difference 4th-order Runge-Kutta method and Roe's flux difference splitting approximation with the MUSCL TVD scheme. The Jacobian matrix from the inviscid flux of constitute equation is diagonalized analytically and the speed of sound for the two-phase media is derived by eigenvalues. So that the present method is appropriate for the extension of high order upwind schemes based on the characteristic theory. By this method, a Riemann problem for Euler equations of one dimensional shock tube was computed. Numerical results of high speed flow phenomena such as detailed observations of shock and expansion wave propagations through the gas-liquid two-phase media and some data related to computational efficiency are made. Comparisons of predicted results and solutions at isothermal condition are provided and discussed.

• Archives of Plastic Surgery
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• v.42 no.4
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• pp.446-452
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• 2015

Background Various techniques are used for performing breast reduction. Wise-pattern and vertical scar techniques are the most commonly employed approaches. However, a vertical scar in the mid-lower breast is prominent and aesthetically less pleasant. In contrast, a semicircular horizontal approach does not leave a vertical scar in the mid breast and transverse scars can be hidden in the inframammary fold. In this paper, we describe the experiences and results of semicircular horizontal breast reductions performed by a single surgeon. Methods Between September 1996 and October 2013, our senior author used this technique in 38 cases in the US and at our institution. We used a superiorly based semicircular incision, where the upper skin paddle was pulled down to the inframammary fold with the nipple-areola complex pulled through the keyhole. Results The average total reduction per breast was 584 g, ranging from 286 to 794 g. The inferior longitudinal pedicle was used in all the cases. The average reduction of the distance from the sternal notch to the nipple was 13 cm (range, 11-15 cm). The mean decrease in the bra cup size was 1.7 cup sizes (range, a decrease of 1 to 3). We obtained very satisfactory results with a less noticeable scar, no complication such as necrosis of the nipple or the skin flap, wound infection, aseptic necrosis of the breast tissue, or wound dehiscence. One patient had a small hematoma that resolved spontaneously. Conclusions This technique is straightforward and easy to learn, and offers a safe, effective, and predictable way for treating mammary hypertrophy.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.27 no.4
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• pp.731-742
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• 2017

For all the various cryptographic techniques related to security, social technological attacks such as a shoulder surfing are infeasible to block off completely. Especially, the attacks are executed against financial facilities such as automated teller machine(ATM) which are located in public areas. Furthermore, online financial services whose rate of task management is consistently increasing are vulnerable to a shoulder surfing, smudge attacks, and key stroke inference attacks with google glass behind the convenience of ubiquitous business transactions. In this paper, we show that the security of ATM and internet banking can be reinforced against a shoulder surfing by using One-Time Keypad(OTK) and compare the security of OTK with those of ordinary keypad and One-Time Password(OTP).

• Journal of the Korean Society of Costume
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• v.50 no.7
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• pp.75-96
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• 2000

Modern clothing is approached in the level of art, and it becomes the means of expressing individuality in modern society uniformed by the development of information society. In this modern society, modern men need the recovery of humanity and expectations of handcrafted skills for the succession of tradition culture. Prior to expressing individuality, we should examine our traditional culture and combine it with western culture. Quit started to be used for practical purpose such as life items, but it is expanded to the fields of art. Used in dress and its ornaments design, quilt is often applied to the addition of aesthetic factors or cubic material feelings by transforming its warming effect. Hereby, this study has a purpose to create high value added modern dross and its ornaments design by expressing the modern clothing is approached in the level of art, and it becomes the means of expressing individuality roe-dimensional characteristics of quilt, and applying the color combination and the surface of butterfly wings to dress and its ornaments design. The following are the results of this study. 1. The concept of quilt started for practical purposes, but it is expanded to decoration in modern times, and it is confirmed that quilt can be variously applied to handcrafted modern design. 2. Quilt removes the plane character of textile and it riches the three-dimensional material of dress and its ornaments. Applying these characteristics, the expression of transparent wings were possible with 3 transparent layers of textile. 3. The spledid color of butterfly wings are expressed by coloring oganza and felt, and the various colors of felt showed rich color gradation. 4. The form and pattern of butterfly wings are applied as modeling form and line, and the transformation. repetition and expansion of unit forms determined the form of quilting lines. By designing the characteristics of back wings for the composition line of clothing, the form characteristics of a motif could be emphasized. 5. By using felt, oganza, Damdam yarn and ostritch feathers in expressing butterfly wings, the warm material of Linbun is felt, and the tip hair of wings are expressed by croche techniques using Damdam yarn.

• Journal of the Korea Institute of Building Construction
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• v.8 no.6
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• pp.123-129
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• 2008

The purpose of this study is to test performances of 14 types of root barrier materials by applying testing plant: and soils suitable for weather and natural features of Korea. For testing Plants, Plioblastus pygmaed Mitford A and Pyracantha angustifolia have been selected. For testing soil, mixture of pearlite and peat moss in 3:1 ratio Testing container has been fabricated with duplicated structure having inner and outer containers. And the outer container has 2 hinges on its side wall to allow opening and closing. Wet rock wool with 50mm in thickness has been inserted between inner and outer containers to allow root to penetrate through root barrier material and continue to grow. We planted 12 Plioblastus pygmaed Mitford A. and 4 Pyracantha angustifolia per one testing container. Three testing samples have been made for 1 type of root barrier material, which become a total 42 specimens. Planted testing samples have been installed within the greenhouse, which will be observed regularly for 2 years from now on. We started test from July 11, 2008 and had performed intermediate observations every month for initial 3 months. From the 3rd intermediate observation on Sept. 18, we confirmed that 6 types of roe barrier materials have penetrated roots. Even though two types of them have been generally used as root barrier materials for roof planting system, all of three testing samples have a lot of penetrated roots. This result proves that it is not reasonable to introduce testing methods of root barrier from Europe. USA or Japan.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.6 no.2
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• pp.25-50
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• 2011

The purpose of this study is to investigate the difference of performance between banks with electronic-based banking service and banks without electronic-based banking service in Korea. The performance indicators we use are DEA efficiency and profitability such as NI, ROA and ROE. The findings are that the performance of bank with electronic banking service are significantly different from that of bank without electronic banking service in DEA efficiency, financial efficiency(cost and revenue) and profitability. But there are some differences among the type of electronic-based service channel that banks provide. The banking channels comprise two major groups: the traditional channels and e-channels. E-channels provide cost-saving for banks and their clients. Among them, only card-related ATM significantly affects the profitability of banks in the positive direction, and technical efficiency also affects the bank's profitability. But the others do not affect.

• International Journal of Aeronautical and Space Sciences
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• v.13 no.3
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• pp.307-316
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• 2012

Numerical simulations of 3D aircraft configurations are performed in order to understand the effects of turbulence models on the prediction of aircraft's aerodynamic characteristics. An in-house CFD code that solves 3D RANS equations and two-equation turbulence model equations are used. The code applies Roe's approximated Riemann solver and an AF-ADI scheme. Van Leer's MUSCL extrapolation with van Albada's limiter is also adopted. Various versions of Menter's $k-{\omega}$ SST turbulence models as well as Coakley's $q-{\omega}$ model are incorporated into the CFD code. Menter's $k-{\omega}$ SST models include the standard model, the 2003 model, the model incorporating the vorticity source term, and the model containing controlled decay. Turbulent flows over a wing are simulated in order to validate the turbulence models contained in the CFD code. The results from these simulations are then compared with computational results from the $3^{rd}$ AIAA CFD Drag Prediction Workshop. Numerical simulations of the DLR-F6 wing-body and wing-body-nacelle-pylon configurations are conducted and compared with computational results of the $2^{nd}$ AIAA CFD Drag Prediction Workshop. Aerodynamic characteristics as well as flow features are scrutinized with respect to the turbulence models. The results obtained from each simulation incorporating Menter's $k-{\omega}$ SST turbulence model variations are compared with one another.

• Journal of the Korean Society of Laryngology, Phoniatrics and Logopedics
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• v.11 no.2
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• pp.167-171
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• 2000

Nasal obstruction due to nasal deformities, rhinitis, sinusitis, or nasal polyps etc. induces hyponasality, which can influence the articulation and/or phonation of patients. However few studies were done on the subjects. Therefore, this study was performed to establish the guideline that can be used in diagnosing the hyponasality. We analyzed the nasalance scores of 6 different sentences for 26 normal adults. We measured the nasalance scores before simulated nasal obstruction, after one nostril obstruction, and after both nostrils obstruction, while the subjects are reading roe nasal sentences(so-called, 'Mama' sentence, 'Mimi' sentence, and 'Nana' sentence) and three non-nasal sentences('Papa' sentence, 'Bibi' sentence, and 'Tatda' sentence). The change of nasalance score of six sentences were compared in three conditions, that is, without obstruction, with one nostril obstruction, and with both nostrils obstruction. The nasalance scores of one nostril obstruction and both nostrils obstruction were significantly lower than those of no obstruction. The mean nasalance scores of one nostril obstruction and both nostrils obstruction were lower than those of no obstruction by 10.93% and 48.88% in 'Mama' sentence, 3.72% and 5.76% in 'Papa' sentence, 12.28% nd 38.12% in 'Mimi' sentence, 7.28% and 12.96% in 'Bibi' sentence, 13.32% and 34.62% in 'Nana' sentence, 4.27% and 717% in 'Tatda' sentence, respectively. In both nostrils obstruction, the nasalance score of nasal sentences were decreased more than those of non-nasal sentences significantly. The result suggests that nasal sentences can be used as efficient stimuli in assessing the patients suspected of hyponasality. Eventhough non-nasal sentences also induced significant discrimination, the dynamic range was too small.