• International Commerce and Information Review
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• v.19 no.1
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• pp.235-256
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• 2017

This study is to analyse how trust and asset specificity among partner firms affect on performance of international joint venture(IJV). Especially, the analysis was mainly based on a quadratic model. While it assumes that the previous studies was based on linear model in the relationship between trust, asset specificity and the performance, this study proceeds a empirical analysis by setting up a hypothesis; it would be quadratic relationship between trust, asset specificity and performance which are based on social capital theory and transaction cost theory. The survey was held with 74 manufactures who were established as an IJV by Korean and foreign firms together. In the result of the empirical analysis, trust shows an inverted U-shaped relationship with IJV performance. Also, asset specificity shows the U-shaped relationship with IJV performance. The results suggest that it needs to control and maintain the trust level among the partners in order not to lose an appropriate control caused by too much trust. In order to minimize the cost generated by asset specificity and to transform it into positive impact, it needs a control and the operation of monitoring system on the opportunistic action of the partners. Furthermore, it needs to keep organizational flexibility and innovativeness to continuously develop new capabilities.

• Environmental and Resource Economics Review
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• v.23 no.3
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• pp.515-551
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• 2014

Recently, there has been a debate as to whether bioethanol should replace some portion of gasoline for fuels in South Korea, as energy security as well as climate change issues are rising as a significant national agenda. However, a considerable amount of subsidy will be required to compensate for the higher price of bioethanol-blended gasoline. In this context, government subsidy will obtain justification only when the positive social gains from consuming bioethanol for fuels can exceed the negative social costs. Through a nation-wide choice experimental survey, we examine if South Koreans have a positive value as well as non-linear preferences on substituting bioethanol for gasoline. The results reveal that the willingness to pay for purely domestic bioethanol-blended gasoline within 10% is about 52 KRW; Koreans have concave preferences on the blending ratio of bioethanol to gasoline. The turning point of the blending ratio of bioethanol was 6.5%. Also, we found inverse U-shaped curve between income and bioethanol choice probability and the turning point of the income was calculated as 250~299million KRW. Politically conservative propensity advocates uses of bioethanol blended gasoline, but awareness on bioethanol or more weights on environmental conservation have significantly negative effects on the choice of bioethanol. However, the design of the survey questionnaire is incompatible with the RFS of Korea and assumes orthogonality among the following four interrelated attributes: (i) domestic or offshore procurement of feedstocks in the case of domestic production, (ii) domestic production or import of bioethanol, (iii) the blending ratios, and (iv) the retail price increases. In addition, the results of model estimation and of model selection test are not definite. Hence, the results in this study should not be directly applied to the design of the specifics of the Korean RFS. Hence, the results in this study require cautions in applying to the design of the Korean RFS policy.

• Journal of the Korean Geotechnical Society
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• v.30 no.4
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• pp.93-99
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• 2014

Use of geothermal energy has been increased for its economical application and environmentally friendly utilization. Particularly, for energy piles, a spiral coil type ground heat exchanger (GHE) is more preferred than line type GHEs such as U and W shaped GHEs. A PHC energy pile with spiral coil type GHE was installed in an area of partially saturated dredged soil deposit, and a thermal response test (TRT) was conducted for 240 hours under a continuous operation condition. Besides, remolded soil samples from different layers were collected in the field, and soil specimens were reconstructed according to the field ground condition. Non-steady state probe methods were conducted in the lab, and ground thermal conductivity and thermal diffusivity were measured for the different soil layers. An equivalent ground thermal conductivity was calculated from the lab test results and it was compared with the field TRT result. The difference was less than 5%, which advocates the use of an equivalent ground thermal conductivity for the multi-layered ground. Furthermore, this paper also represents an equivalent ground thermal diffusivity evaluation method which is another very important design parameter.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.4
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• pp.403-412
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• 2021

Despite strengthening requirements for fire retardancy and applied buildings of insulation panels, the number of fires and influence of damage have increased. In this study, the thermal effects were evaluated as the separation distances, and three types of EPS panel, glass wool panel, and gypsum board panel were then selected. Temperature sensors on the panels were installed vertically from the ground. The fire source on the lamination layer of lumber was ignited by changes in the separation distances (0 cm, 25 cm, 50 cm) from the panels. The test results suggested that the maximum temperature was 349 ℃ in the EPS panel. The inside/outside shape changes were limited by the height of the low and middle positions until the critical point of a 25 cm separation distance. Furthermore, the combustion marks appeared after 500 s on average, and then the EPS panel with a high fire strength showed a broad "U type" pattern, glass wool panel, and gypsum board panel showed medium or narrow "V type" pattern. Therefore, the acquired data can provide valuable information for evaluating the fire risks and verifying fire investigation from buildings composed of these insulation panels.

• Journal of Labour Economics
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• v.36 no.2
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• pp.1-36
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• 2013

This study examines how the unobserved heterogeneity of workers, measured by residuals of the wage equation, affects the entry into self-employment using KLIPS 1998-2008. Following Joona and Wadensjo(2013), we treat the residuals as unobserved ability and find that both workers with higher and lower ability are more likely to become self-employed. However, this U-Shape relationship no longer holds when the sample is divided into males and females. The study also finds that the relationship between ability and entry into self-employment has changed over time, and that ability is positively associated with the performance of self-employed.

• Journal of Korean Society of Steel Construction
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• v.10 no.4 s.37
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• pp.789-799
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• 1998

The purpose of this study is to propose the prototypes of bolted end plate moment connection between CFT column and H-beam sections. Nine different types of bolt are designed in this study. The shapes of those bolt are straight. bent, hooked or stud-type. The end plate moment connection between CFT column and H-beam sections which are jointed by those bolts are studied experimentally to compare their performances. The simple beam bending tests are carried out to investigate the structural behavior of beam-to-column connections. The experimental results show that some of the bolted end plate connection types have quite good performance in the structural behavior but still have a lot of week points to be solved for the efficiency of construction.

• The Korean Journal of Financial Management
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• v.17 no.1
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• pp.181-202
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• 2000

본 연구는 지수선물 시장에서 호가스프레드에 영향을 줄 수 있는 요인변수를 탐색하였다. 호가스프레드는 1996년 5월 3일부터 1997년 7월 31일까지 일중 4시간 5분의 거래시간을 5분 간격으로 나누어 49개의 시간대별 잔량을 구하여 호가스프레드를 계산하였으며, 요인변수는 주문 거래자료를 이용하여 산출하였다. 분석결과는 다음과 같다. 첫째로, 호가스프레드 측정결과 개장직후 10분과 폐장직전 10분간의 호가스프레드가 다른 시간대보다 크게 나타났다. 우리나라 주가지수선물시장에서도 이상의 두 시간대에서는 거래자들이 현저히 높은 정보불균형이 있었고, 역선택과정이 심한 것으로 보여진다. 이는 McInish와 Wood(1992) 및 Jang과 Lee(1995) 그리고 Daigler(1997)의 U자형 패턴과 유사하게 나타났다. 둘째로, 거래빈도, 총주문량은 호가스프레드에 유의적인 음(-)의 영향을 주어 호가스프레드를 줄이는데 정보적 역할을 하고 있었던 것으로 생각된다. 그리고 주문빈도 및 변동성과 수익률이 모두 호가스프레드에 유의적인 양(+)의 영향을 주고 있었다. 회귀분석결과 관찰자료로 총주문량, 거래빈도가 유동성변수로서 의미가 있었고, 묵시적 거래비용을 줄여줄 수 있을 것이라 보여진다. 한편 주문빈도는 정보탐색을 위한 허수주문으로 여겨진다. 우리나라 선물시장에서는 투자자들이 가격 변동성에 대한 보상을 원하고 있었다. 일반적으로 투자자들은 가격위험하에서는 거래 체결을 원하지 않기 때문에 이러한 점이 호가스프레드를 커지게 하였던 원인으로 보여진다.

• Proceedings of the Computational Structural Engineering Institute Conference
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• 2011.04a
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• pp.157-160
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• 2011

본 연구에서는 광섬유 센서 기반 스마트 모니터링 시스템이 지중 열전도도 측정에도 효율적으로 적용될 수 있는지를 분석하였다. 이를 위해 광섬유 온도센서를 이용하여 지반의 열전도도를 측정할 수 있는 열응답 시험기가 개발되었다. 개발된 열응답 시험기는 기존의 RTD(Resistance Temperature Detector) 온도 센서 외에 광섬유 센서의 한 종류인 FBG(Fiber Bragg Grating) 센서도 실시간적으로 측정할 수 있는 시스템으로 구성되어 있다. 개발된 장비의 적용성 검증을 위하여 주문진 표준사를 이용하여 모형토조 내에 일정한 간극비에 맞추어 시료가 조성되었으며 지중열교환기는 U자형 파이프가 사용되었다. 20시간동안 열응답 시험을 통하여 광섬유 센서와 RTD 센서를 동시에 이용하여 온도값을 측정하여 표준사의 열전도도 값을 산출하였다. 그 결과 모형실험을 통한 열전도도 값은 탐침법을 통해 얻어진 열전도도 값과 선형 열원 모델(line source model) 해석해와 거의 유사하게 나타났으며 광섬유 센서와 RTD 센서와의 온도차는 0.1~0.3$^{\circ}$로써 유사한 값을 나타내었다. 따라서 본 연구에서 개발된 광섬유 기반 열응답 시험기는 지반의 열전도도를 측정하는데 효과적으로 사용될 수 있음을 알 수 있었으며 향후 지열시스템 가동에 따른 지중열 교환기의 손상도 평가 및 경보시스템 개발을 위해 지중열교환기의 거동을 실시간으로 모니터링 하는데 있어서도 효과적으로 사용될 수 있을 것으로 생각된다.

• KDI Journal of Economic Policy
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• v.16 no.3
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• pp.97-123
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• 1994

본(本) 연구(硏究)는 "경제성장(經濟成長)이 재벌(財閥)과 대기업(大企業)에 의한 집중현상(集中現象)을 심화시켰는가?" 및 "재벌(財閥)은 과연 비효율적(非效率的)인가?"라는 두가지 의문에 대하여 제조업을 대상으로 경험적(經驗的) 증거(證據)를 구하였다. 본 연구의 발견 중 가장 중요한 것은, 첫째 대사업체(大事業體) 혹은 재벌부문(財閥部門)이 차지하는 상대적(相對的) 비중(比重)의 하락추세는 고성장기(高成長期)에 더욱 가속되므로 고성장(高成長)을 지속시키는 것이 생산집중(生産集中)을 치유(治癒)하는 유효(有效)한 방안(方案)이라는 시사점과, 둘째 재벌사업체(財閥事業體)가 비재벌사업체(非財閥事業體)보다 평균적으로는 생산성(生産性)이 높지만 생산성격차(生産性隔差)의 세세분류산업별(細細分類産業別) 분포(分布)는 U자형(字型)을 나타내어 비재벌사업체의 생산성이 훨씬 높은 예외산업(例外産業)이 다수 존재하기 때문에, 비효율(非效率)을 근거로 재벌의 기업활동(企業活動)을 규제(規制)하는 정책은 오히려 효율(效率)에 역행(逆行)할 뿐만 아니라 효율성(效率性)을 이유로 재벌규제를 일반화(一般化)하려는 시도 자체가 매우 위험하다는 시사점을 제공하였다. 이러한 발견은 우리경제의 재벌구조(財閥構造)와 경제력집중(經濟力集中)등의 현상을 막연히 비효율(非效率) 차원(次元)에서 접근하려던 일부의 시각을 부정하는 것으로서, 향후 재벌정책(財閥政策)의 목표(目標)가 재정립(再定立)되어야 함을 시사한다.

• Korean journal of communication and information
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• v.78
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• pp.141-176
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• 2016

This study investigates changes of market structure from 2001 to 2015 in the Korean daily newspaper industry using concentration and mobility measures. The main empirical results are as follows. First, the industry's total asset shows a U-shaped trend, despite the downward trend of the industry's total sales revenue. Second, the market concentration, measured in terms of assets, shows the trend of an inverted-U shape. The relatively small firms, measured in terms of assets, have on average gained in market share while the relatively large firm have lost. Third, market concentration, measured in terms of sales revenues, shows a U-shaped trend. the relatively small firms, measured in terms of sales revenues, have on average gained in market share while the relatively large firm have lost. My central argument has been that it is desirable to supplement traditional concentration measures with mobility statistics and trend analyses in investigating and regulating market structure.