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A Study of Effects of Stock Option on Firm's Performance (주식매수선택권이 기업성과에 미친 영향에 대한 연구)

  • Shin, Yeon-Soo
    • The Journal of Information Technology
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    • v.9 no.4
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    • pp.75-85
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    • 2006
  • This study is to test the influence of stock option granting information on the firm's performance. The important issue in stock option is that agent cost is the important determinant factor for the long term performance. The agent cost arises between the manager and shareholders. So many study are concentrated in diminishing the agent cost, and develop some substitute tools to measure the agent cost. The event study about stock option analyzes returns around event date at a time. Event study provides estimation periods and cumulative returns. Announcements about stock option are generally associated with positive abnormal returns in short term period, but not showing positive effect in long term period. It is important to investigate the responses of stocks to new information contained in the announcements of stock option. Therefore it is important to study the long term performance in the case of stock option. The event time portfolio approach exists the CAR model, BHAR model and WR model. And the calendar time portfolio approach has the 3 factor model, 4 factor model, CTAR model, and RATS model. This study is forced to develop and arrange two approach method in evaluating the performance, the event time portfolio approach and calendar time portfolio approach.

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Accuracy of the Glenohumeral Joint Injection According to the Approach (도달 방법에 따른 관절와상완 관절내 주사의 정확도)

  • Choi, Nam Yong;Lee, Kang Wook;Kim, Hyung Seok;Song, Hyun Seok
    • The Journal of Korean Orthopaedic Ultrasound Society
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    • v.6 no.2
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    • pp.45-52
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    • 2013
  • Purpose: We wanted to compare the accuracy between the blind anterior approach and ultrasound guided posterior approach, which are preferred in the present clinical practice for the glenohumeral joint injection. Materials and Methods: The consecutive 95 cases were included in that the glenohumeral joint injection was done in the university hospital and the medical record and ultrasonography were available. There were 52 cases which were injected by blind anterior approach (group I) and 43 cases who were injected by ultrasound guided posterior approach (group II). The injection was decided as accurate if the fluid was visualized in the posterior joint under the ultrasound. We evaluated the range of motion before and after 2 weeks of injection. A subjective satisfaction of the patients was interviewed at the 2 weeks after injection. Results: The accuracy of the glenohumeral joint injections of the group I and group II was 80.8% and 90.7%, respectively. The range of motion was improved for the all cases regardless of the approaches. At the 2 weeks after injection, the subjective satisfaction (better than good) was achieved in 73.7%. Conclusion: The accuracy of the blind anterior approach for the glenohumeral joint injection was 80.8%. The accuracy of the ultrasound guided posterior approach was 90.7%. In this comparative study by the one physician, the ultrasound guided posterior approach showed the better accuracy.

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Comparison of the Outcomes between the Anterior and Transfibular Approaches in Ankle Arthrodesis (전방 도달법과 경비골 도달법을 이용한 족관절 유합술의 결과 비교)

  • Jaeyoung Lee;Min-Jun Kim;Jin-Wha Chung
    • Journal of Korean Foot and Ankle Society
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    • v.27 no.4
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    • pp.131-136
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    • 2023
  • Purpose: This study compared the clinical and radiology results of arthrodesis between the anterior and transfibular approaches with a lateral malleolar-saving procedure in ankle arthritis. Materials and Methods: This study was a retrospective study of 31 cases who underwent ankle arthrodesis with the anterior approach (14 cases) and trans-fibular approach (17 cases). The remnant lateral malleolus was fixed during the trans-fibular procedure. The patients included 17 females and 14 males with a mean age of 57.2 (range 41~73) years; the mean follow-up was 30.4 (range 15~68) months. The clinical and radiology outcomes, including the American Orthopedic Foot & Ankle Society (AOFAS) scores, visual analog scale (VAS), and union time, were recorded. The complications and subjective satisfaction degrees were also recorded and compared between the two groups. Results: Clinically, the preoperative mean AOFAS score and VAS in the anterior approach group were 39.3 and 7.4, respectively, which changed to 61.9 and 3.1 postoperatively. In the trans-fibular approach group, the mean AOFAS score and VAS increased from 36.6 to 64.2 and 7.1 to 2.4, respectively. On the other hand, no significant differences in the clinical results were observed between the two groups. The time to achieve union was 9.2 and 11.6 weeks in the anterior and transfibular approach groups, respectively. Three patients (21%) complained of tenderness and discomfort around the fibular tip in the anterior approach group, and seven patients (41%) showed a gap between the talus and remnant lateral malleolus in the trans-fibular approach group. Conclusion: There was no difference in the clinical and radiological results between the anterior and transfibular approaches with a lateral malleolar saving procedure in ankle arthrodesis. Careful selection of the approach method according to the patient's preoperative condition is needed to prevent remnant discomfort or nonunion around the lateral malleolus.

A Study on the Approach Methods with a Constant Vertical Speed for Diminution of CFIT Accidents in Non-Precision Approach (비정밀접근시 CFIT사고 방지를 위한 일정강하율 접근방식에 관한 연구)

  • Song, B.H.;Sin, H.S.;Moon, K.B.
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.13 no.4
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    • pp.43-57
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    • 2005
  • Traditionally aircraft had descended in steps to level at the MDA(Minimum Descent Altitude) during the conduct of non-precision approach. This "de-stabilized" method of flying an instrument approach procedure is considered as a major contributing factor in CFIT(Controlled Flight Into Terrain) accident and increasing pilot workload. In the effort to reduce CFIT accident and pilot workload, VNAV(Vertical Navigation) Approach has been suggested as means to manage the vertical component of non-precision approach procedure.[1] But In the actual circumstances in Korea, VNAV has not been using to reduce them because of many restriction facts and no published VNAV chart in particular airport. Therefore we are suggesting Constant Vertical Speed Approach Method, which is required few restriction facts, and the pilots who are using this method will experience a similar method like a Glideslope during proceeding non-precision approach. Consequently, We are expecting to reduce CFIT accidents and pilot workload.

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EXCISION OF THE SUBMANDIBULAR GLAND BY AN INTRAORAL APPROACH (구내 절개법에 의한 악하선 적출)

  • Lee, Kuk-Yeop;Baik, Jin-Ah;Jin, Woo-Jeong
    • Maxillofacial Plastic and Reconstructive Surgery
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    • v.16 no.4
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    • pp.464-472
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    • 1994
  • Surgical removal of the submandibular gland via intraoral approach was performed. The surgical procedure to be used for removal of submandibular gland had been performed via extraoral approach for many centuries. Disadvantages of extraoral technique are the esthetic distress due to an external scar, residual inflammation in Wharton's duct, and neurological complications. Indications of intraoral approach are unlimited in surgical cases of submandibular gland. Advantages of intraoral approach are esthetic satisfaction due to no remaining scars, preservation of adjacent anatomical structures and preservation of lower facial contour. This paper describes the surgical technique of the submandibular gland excision through an intraoral approach and variable incision lines tried. In 7 cases, excellent results were obtained after removal of the submandibular gland through an intraoral approach.

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Creative Problem Solving Process using TRIZ Contradiction Analysis (트리즈의 모순분석을 활용한 창의적 문제해결 실습과정)

  • Kim, Taioun
    • Journal of Engineering Education Research
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    • v.18 no.3
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    • pp.39-45
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    • 2015
  • Many methods have been suggested for a creative problem solving approach. TRIZ approach is ranked top in its practical application because it is originated from the real patent analysis. This approach is assumed to be generic which can be applied to any types of problems regardless of problem type and its domain. The objective of this study is to propose a creative problem solving approach using TRIZ's contradiction analysis, then introduce a case study of applying this approach to a creative design coursework. Main topic covers a creative problem solving approach, a problem definition using TRIZ contradiction analysis, finding invention principles, and problem solving from the generic approach. For the course project, Roborobo tool is adopted to implement the design concept. This coursework helps students finding a general problem solving approach, and applying a generic solution for their specific problem domain.

PORTFOLIO SELECTION WITH NONNEGATIVE WEALTH CONSTRAINTS: A DYNAMIC PROGRAMMING APPROACH

  • Shin, Yong Hyun
    • Journal of the Chungcheong Mathematical Society
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    • v.27 no.1
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    • pp.145-149
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    • 2014
  • I consider the optimal consumption and portfolio selection problem with nonnegative wealth constraints using the dynamic programming approach. I use the constant relative risk aversion (CRRA) utility function and disutility to derive the closed-form solutions.

Tageting Protein-Protein Interactions-A Fragment Assembly Approach

  • Paulvannan, Kumar
    • Proceedings of the PSK Conference
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    • 2003.10a
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    • pp.90-90
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    • 2003
  • I describe here a novel and promising approach to drug discovery that involves the identification and assembly of drug-like fragments to afford lead compounds. This approach is attractive for a number of reasons. First, the productive assembly of two weakly bound fragments, even fragments with independent dissociation constants in the low mM range, can potentially afford ligands with sub-micromolar affinities for their targets. (omitted)

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Changing Relation of Science and Public: The Main Approaches to Public Understanding of Science(PUS) (과학과 대중의 관계 변화 - 대중에 대한 인식 변화를 중심으로)

  • Kim Dong-Kwang
    • Journal of Science and Technology Studies
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    • v.2 no.2 s.4
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    • pp.1-23
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    • 2002
  • This Article examines the main approaches to the public understanding of science(PUS) in light of the changing relation of science and public. Traditional approach called deficit model recognizes scientific knowledge as a entity, unidirectionally diffusing to public. This View basically presupposes the gap between science and public. Meanwhile, this approach has an aspiration to reduce the gap. So there is a paradoxical situation in the traditional PUS. Public perception of environmental crisis and risk of science has been risen since late 1980's. And the science technology studies (STS) have criticized traditional approach. STS proposes new approach of constructive PUS. Constructive PUS conceives the public to have heterogeneous, local characteristic. This approach has been very fertile both in theory and practice. But most recently, newly proposed approach, so called heterogeneous PUS, criticizes constructive PUS. Main point of criticism is that constructive PUS has dichotomy between science and public, and romanticizes the public. It is uncertain whether heterogeneous PUS can take place of constructive PUS. But this trend has the implication that the relation of science and public is constantly changing.

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A Case Study: Effects of Taping Approach on the Shoulder Pain (견관절 통증에 대한 테이핑적용 증례)

  • Park, Sung-Il;Bae, Jun-Ho;Kim, Yong-Kwon
    • Journal of Korean Physical Therapy Science
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    • v.6 no.1
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    • pp.889-895
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    • 1999
  • Pain is the most common symptom that brings a patient to the hospital. In general, two major interventions in pain control are pharmacotherapy and physical therapy. But recently introduced taping method that release pain at one time. The 7 patient with shoulder problems were applied Arikawa taping approaches. The flexor or extensor patterns were determined by Arikawa method at first, and the patients were tested and applied taping at comfortable patterns. We found that: 1)We applied taping approach to the 7 patient, and all of them improved pain and ROM; 2)If the symptoms and patterns were similar, the taping was attached same point; 3)Although several therapist participated in treatment, the effects are regular. It' s caused by ordinary character of taping approach; 4)The patient can attache easily himself; 5)The taping approach has side effects(skin problems, increasing pain, etc.). But if remove them, it's subside immediately. Thus the taping approach is not hazard.

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