• Title/Summary/Keyword: 관계질서

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위탁증거금(委託證據金)의 변경(變更)이 주가변동율(株價變動率) 및 주가(株價)의 잠정적(暫定的) 구성부분(構成部分)에 미치는 영향(影響)에 대한 실증적(實證的) 고찰(考察)

  • Hwang, Seon-Ung
    • The Korean Journal of Financial Management
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    • v.9 no.2
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    • pp.101-147
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    • 1992
  • 증권거래소(證券去來所)는 시황에 따라 위탁증거금율(委託證據金率)을 탄력적으로 변경 운용함으로써 시장의 수급을 조절하는 등의 시장관리수단의 하나로 이용하여 공정한 시세형성을 기하고자 설립시부터 증권회사로 하여금 매매의 위탁시 위탁증거금을 징수하도록 규정하고 증거금율을 상황에 따라 신축적으로 운용하여 1962년 이후에만도 무려 32회이상 변경하였다. 따라서 문제의 핵심은 위탁증거금징수가 주식시장에서의 과잉투기행위를 근절시키고 주가변동율(株價變動率)(stock volatility)을 감소시켜 공정거래질서(公正去來秩序)를 확보하는데 기여하고 있는지의 여부가 된다. 이 점은 특히 미국(美國)에서 1987년 10월 소위 '검은 월요일(Black Monday)'당시 갑작스러운 주가폭락과 시장체계의 붕괴사태이후 금융시장의 발전을 모색하는 정책당국자들과 학자들사이에 새로운 주목을 받기 시작하였다. Salinger(1989)와 Schwert(1989)는 위탁증거금율(委託證據金率)의 변경과 주가변동율(株價變動率)의 감소와는 아무런 인과관계가 없다고 결론을 내리고 있다. 특히 Schwert는 거래일시중단시책마저도 주가변동율에 별 효과가 없다고 주장하면서 금융공황과 관련된 거래일시중단은 주가변동을 큰 폭으로 증가시켜왔으나 금융공황을 동반하지 않은 기래일시중단은 높은 주가변동율과 무관함을 밝히고 있다. Hardouvelis(1991)는 그러나 위탁증거금율을 상승시키면 주가변동율이 낮아지며, 결과적으로 주가가 본원적가치(本源的價値)로부터 일탈하는 현상도 줄어든다는 사실을 통계적으로 입증하고, 위탁증거금의 징수가 시장을 교란하는 악성투기행위를 억제시키는데 매우 효과적인 정책수단이라고 주장하고 있다. 본 연구는 우리나라 주식시장에서 과잉투기현상을 억제하여 시장의 안정을 확보하는 기능으로서의 위탁증거금제도에 대해 그 경제적 효과여부를 규명하는 실증분석을 행하였다. 이 논문에서는 Schwert(1989)와 Hardouvelis(1991)의 방법을 원용하여 두가지 서로 다른 방법으로 주가변동율을 측정하여 비교하였다. 통계적 기법은 기본적으로 다변량(多變量) 회귀분석법(回歸分析法)을 택하였다. 분석의 결과로 매우 흥미로운 실증상(實證上)의 규칙성(規則性)을 발견하였다. 즉 현금시장(cash market)의 위탁증거금율이 높아지면 실제주가변동율(實際株價變動率)과 초과주가변동율(超過株價變動率)이 감소되고, 또한 유행(流行)의 경우와 마찬가지로 본원적 가치로부터의 괴리가 작아진다. 이 결과에 따르면 위탁증거금의 징수는 그 제도의 취지에 부합되고 있다. 다만 제도운용상의 이유이거나 혹은 우리나라 주식시장의 투자자들이 비합리적인 투자형태를 보임에 따라 그 정책적 효과는 때로 역기능적인 결과로 초래하였다. 그럼에도 불구하고 이 연구결과를 통하여 최소한 주식시장(株式市場)에서 위탁증거금제도는 그 제도적 의의가 여전히 있다는 사실이 확인되었다. 또한 우리나라 주식시장에서 통상 과열투기 행위가 빈번히 일어나 주식시장을 교란시킴으로써 건전한 투자풍토조성에 저해된다는 저간의 우려가 매우 커왔으나 표본 기간동안에 대하여 실증분석을 한 결과 주식시장 전체적으로 볼 때 주가변동율(株價變動率), 특히 초과주가변동율(超過株價變動率)에 미치는 영향이 그다지 심각한 정도는 아니었으며 오히려 우리나라의 주식시장은 미국시장에 비해 주가가 비교적 안정적인 수준을 유지해 왔다고 볼 수 있다.

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An evaluation of the composition and elements in Korean traditional interior space - On Choosa-Gotack in the Chosun dynasty - (한국전통 실내공간의 구성방법과 요소 분석을 통한 의미 고찰 - 조선조 추사고택을 중심으로 -)

  • 천진희
    • Archives of design research
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    • no.16
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    • pp.101-110
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    • 1996
  • CHOOSA GORACK which is a typical example of traditional houses in the CHO SEON dynasty consists of the four terraced builfing group. Among those,SADANG CHAI are located in the highest level,and SADANG CHAI and SADANG CHAI are toward south direction.It means that building orientation and level were influenced by the distinction of social level and the idea of ancester worship. Floor and ceiling level in the same building is different which was caused by the distinetion of social level in the CHO SEON dynasty and an ariental dual as a variety of openings,exposed ceilings,and furniture against a wall were creating a typical Korean visual harmony. Although the furniture and equipments were very important elements in ONDOL BANG the occupance ratio of these were low because the free space in BANG should be utilized effectively to accommodate the space variation.Both an AN CHAI and SARANG CHAI were composed by the standard space module called KAN.And interior elements were established by several factors such as the human scale,the behavior pattern in traditional sitting life style, and the lumber size of post and lintel construction of Korean house.BANG and DAE GHUNG, composed of KAN,were expanded and arranged side by side so that the natural light and ventilation through them could be used in the result of the kind of lay out,traffic circulation was disturved.In conclusion,CHOOSA GOTACK was formed by the sirect effice of the KOREAN penisula. However this study was based on one sample. It may not enough to deduct soild conclusion.Therefore continuous and farher study is needed for the sestemane evaluation.

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Thermotropic Liquid Crystalline Behavior of [4-{4'-(Nitrophenylazo)phenoxycarbonyl}]alkanoated Celluloses ([4-{4'-(니트로페닐아조)펜옥시카보닐}]알카노화 셀룰로오스들의 열방성 액정 거동)

  • Jeong, Seung-Yong;Ma, Yung-Dae
    • Polymer(Korea)
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    • v.33 no.1
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    • pp.58-66
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    • 2009
  • The thermotropic liquid crystalline behavior of the homologous series of cellulose tri[4-{4'-(nitrophenylazo) phenoxycarbonyl}] alkanoates (NACEn, n=2$\sim$8, 10, the number of methylene units in the spacer) have been investigated. All of the homologoues formed monotropic nematic phases. The isotropic-nematic transition temperature ($T_{iN}$) decreased when n is increased up to 7, but it became almost constant when n is more than 7. The plot of transition entropy at $T_{iN}$ against n had a sharp negative inflection at n=7. The sharp change at n=7 may be attributed to the difference in arrangement of the side groups. The melting temperature ($T_m$) and associated entropy change at $T_m$, in contrast with $T_{iN}$ and associated entropy change at $T_{iN}$, exhibited a distinct odd-even effect, suggesting that the average shape of the side chains in the crystalline phase is different from that in the nematic phase. The thermal stability and degree of order of the nematic phase observed for NACEn were significantly different from those reported for the homologous series of side-chain and combined type liquid crystal polymers bearing azobenzene or biphenyl units in the side chains. The results were discussed in terms of the differences in the chemical structure, the flexibility of the main chain, the mode of chemical linkage of the side group with the main chain, and the number of the mesogenic units per repeating unit.

Effects of Exclusive Agency Listing and Real Estate Information Network System on Real Estate Broker' Trust and Customer' Satisfactions (전속중개계약과 부동산거래정보망제도가 중개업자 신뢰성과 고객만족에 미치는 영향 분석)

  • Choi, Bong-hyun;Moon, Young-kee
    • Journal of Distribution Science
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    • v.4 no.2
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    • pp.123-144
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    • 2006
  • For the property right's protection of the nation, the uncertainty's dissolution and the reliability's security of real estate trade are very important. With the life style's change, the market of real estate becomes diversification, and the level of the real estate trade becomes diversification. But compared with this, the trade system of the real estate has not broken away from the mode in the past yet. To cope with it actively, it needs to review the real estate trade form. Especially, it needs to investigate a plan that can advance the Agency Listing method. The Exclusive Agency Listing and the real estate Information Network System have been the usual system in some advanced countries like America, Japan. It is the system that establishes the real estate brokerage's trade order and encourages the execution for the real estate client's property right's protection and benefit offer. In our country, The Exclusive Agency Listing and the real estate Information Network System were created in the revised real estate brokerage law in 12, 1993. But because of varies of questions, it can not be settled down. So this paper will develop the characteristic factors of the Exclusive Agency Listing and the real estate Information Network System revitalization and examine the mutual relation depends on the factors. And these factors were studied through the proved analysis to the effecting made on the Agency function's consideration and real estate broker' trust and customer satisfaction. So depends on these, the existed value now will present the revitalization plan and political implication about the Exclusive Agency Listing and the real estate Information Network System.

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A study on the Jeonwonsasiga of Shin Gye Young - focused on the 'Jesuk' - (신계영의 <전원사시가> 고찰 - '제석(除夕)'의 의미를 중심으로 -)

  • Kim Sang-Jean
    • Sijohaknonchong
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    • v.24
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    • pp.113-137
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    • 2006
  • This paper is a study on the Jeonwonsasiga of Shin Gye Young. Jeonwonsasiga is as a out of Sasiga-Line(사시가계) Yeonsijo(연시조), the singing Spring. Summer. Autumn, Winter and Jesuk. The meanwhile, a study on the Jeonwonsasiga is in the relations with other literary works, or a history of Siga in 17th century. A out of specific character's of Jeonwonsasiga is the singing Spring, Summer, Autumn, Winter and Jesuk about order. Jesuk with a New year's Eve, is the stand for a watch night.'Chun Ha Chu Dong(Spring, Summer, Autumn, Winter, 춘하추동)' are included in the Sasi of One Year(일년 사시), And the Jesuk is included in the Sasi of one day(하루 사시). Buy the way, Jeonwonsasiga make an equal about all of two. And then, this paper is focused on the 'Jesuk'. The role of Jesuk is coexistence together with the Sasi of One Year and the Sasi of one day. That is to say, Jeonwonsasiga's singing from the 1st works to the 8st works are the Sasi of One Year in the surface. But, singing the Sasi of One Day of 'Dan Ju Mo Ya(단주모야)' in the inside story. And Jesuk is a finished role the mean's of literary works. And this provide an opportunity which can be speaker's recognition of Jeonwon (전원). The Jeonwonsasiga of ten works are have a value of Yeonsijo in continyal structure. And so. it is to be watched sense of proportion of Yeonsijo in the 17th century.

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A Study on the Development of Visual Arts Convergence Education Model with the Formless Concept (비정형 개념에 따른 시각예술 융합교육 모형 개발)

  • Cho, Hyun Geun
    • Korea Science and Art Forum
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    • v.37 no.2
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    • pp.275-292
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    • 2019
  • This study was initiated with the attention of demanding new and diverse approaches, we're talking familiar with imitations in the design process like a way to draw a image. So I studied a convergence of humanities and visual arts with the understanding and conceptual approach of the formless. The purpose of this study is to develop formless languages and to organize practical courses which are to enable deeper research and design expression on theoretical approaches and explanations of outcomes required before and after the process when we practice in connection with the formless. The method of this study is to draw detailed items from selected words through advanced researches, work and author researches and practice teaching. The results of the study I proposed the formless language that is related to the horizontality in spatial positioning system, and pulse in the separation of space and time, and entropy in structural orders of the system, and base materialism in the limitation of matter as the operating mechanism and parent item of formless. And those elements are related with shape, size, shading, color, texture, space, structure as visual elements of formative elements and those have various adjectival meanings as the subordinate concept. So I presented an education materials of basic design which is to enable understanding and expressing the formless language in the overall process of formless visual art(theoretical approach, practice course, presentation, etc.). Based on these study results, I hope that this educational materials will be used as educational contents that makes them express and understand different new beauties, and a role that reveals social identity, and a reference for research on a formless visual arts.

A Construction Case of BRM 'Danwigwaje' in Basic Local Governments : Focussing on Gangbuk District of Seoul Special City (기초지방자치단체 기능분류체계(BRM)의 단위과제 구축 사례 서울특별시 강북구 사례를 중심으로)

  • Moon, Chan-il
    • The Korean Journal of Archival Studies
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    • no.49
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    • pp.247-275
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    • 2016
  • The classification scheme of records indicates a table that intends to express organic relations between records by organizing records and enabling internal order. Although the principles of organic classification have remained in traditional records management environment, they have been changed to "function and business" in the modern times. Therefore, Korea introduced a business reference model (BRM) based on function and business from 2008 and subsequently implemented its operation. However, it has been pointed out that the roles of the classification scheme of records have not been played because the analysis of "Danwigwaje," which belongs to the lowest level of business reference models, is poor. According to this indication, the Gangbuk District of Seoul Special City established a functional classification scheme by executing a business process analysis of "Danwigwaje." First, the record manager carried out analyses on the principles of "Danwigwaje," small function, and "Danwigwaje." Then, the functional classification scheme of "Danwigwaje" was modified by looking into the opinion inquiry process of the treatment department and performing a test operation. Through the case of the Gangbuk District in Seoul Special City, analytical procedures and methods of "Danwigwaje," as well as implications according to the establishment of a functional classification scheme of basic local governments, were arranged in a written format.

Development and Effect of Sexuality Education Group Counseling Program for Christian Young Adults (기독청년을 위한 성교육 집단상담 프로그램 개발과 효과)

  • Kim, Jeong Hwa;Kang, Yeon Jeong
    • Journal of Christian Education in Korea
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    • v.64
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    • pp.237-287
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    • 2020
  • This study was developing group counseling program for sexual education for Christian young adults. and its effects were proven. For this purpose, this study of unmarried Christian young adults ranging 30 from the age 20~35 years old who are attending church C and S located in city of C at Kyungnam province. The subject and control group each had 15 people who separately participated in this program once a week for 120 minutes, 12 times in total. The control group did not receive any feedback after the sessions. group counseling program for sexual education was based on Crabb's biblical counseling model and McMinn's cognitive therapy. Using 12 kinds of cognitive therapy techniques. for its effects were verified. used The sexual knowledge scale standardized model of a college student set by Jeon Gyungsook, Lee Hyoyoung, Lee Seonja, The sexual attitude scale standardized model for a college student set by Ho Seonmin, The sexual decision making scale developed by Sun Mikyung. The data analysis consisted of Cronbach's α test, χ2-test, Mann-Whitney U test, Friedman test, a χ nd Wilcoxon signed-rank test. The result of this study is improve the sexual knowledge, show the conservative tendency of sexual attitudes, and prove the increase in the ability to make responsible sexual decisions of Christian young adults. Following up, this study spreads awareness of the true meaning of sexual being as illustrated from the bible and implies a beneficial program within the church that promotes a healthy life and reconciliation between self, neighbors, and God in a life according to the purpose of creation and order.

A Study on the Relationship Methods of Oksuki (『옥수기』의 남녀결연담 연구)

  • Kwon, KyongSoon
    • (The)Study of the Eastern Classic
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    • no.67
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    • pp.69-104
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    • 2017
  • This paper examines the aspect of the novel which appeared in the union of the male and female relationship of "OkSuki", one of the novels of the 19th century. "Oksuki" is a work focusing on the relationship between men and women. It takes a narrative structure based on the relationship. It shows various aspects of the relationship through the structure in which the pluralities of plural persons are repeated. Other events and illustrations, except for the talk, are both an occasion of the alliance and an auxiliary role. At the beginning of the work, the main character's parents are described in detail.By arranging the prophecies related to the relationship between the protagonist and the brothers, it suggests that subsequent narratives will flow into the center of the relationship. The male characters that make up the alliance are characteristically trained and have a good taste, and the Caines are colorfully colored. It is believed that the marriage pattern faithfully follows the medieval status order. The reason why the figure of the person who becomes his wife and the person of the concubine are set differently is because the image of the wife and the concubine are different from each other ideally. The characters who are going to be hungry are emphasized on the clause, efficacy, knowledge, and inner peace, and are actively involved in. On the other hand, conciliatory characters emphasize talent and craftsmanship, and their role is reduced after marriage. The wife is a person who has both Confucian culture and knowledge and is able to care for her husband and family well. Concultation is shaped as a person who can enjoy joyful life and emphasize more affection in relation with his wife.

Between Regime Change and Political Development: Myanmar's Defective Democracy and the Task for the Political Development (체제 전환과 정치발전의 사이에서: 미얀마의 결손민주주의와 정치발전의 과제)

  • JANG, Junyoung
    • The Southeast Asian review
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    • v.28 no.4
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    • pp.161-196
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    • 2018
  • The major object of this study is to analyze the political development of Myanmar's civilian government on the concept of defective democracy, and to investigate the main actors who delayed or stymied political development and their interrelation. In doing so, this study suggests the tasks required for political development overcoming the current political structure and behavior. The civilian government, which was launched in 2016, failed to achieve positive political development by following the behavior of military authoritarianism in terms of exercise of power and decision making structure. On the perspective of the government, delegative democracy and domain democracy have been strengthening since one person has taken over all political power and hesitate to take horizontal accountability for each power organizations. The military, which is responsible for national defence and security seeks illiberal democracy and exclusive democracy, keeping on an undemocratic constitution by the military and Burman ethnocentrism. The reasons why defective democracy has been occurred are that the lack of a group to run a democratic institutions and the limitation of power structure that fails to adhere to the principle of civilian control to the military due to long-term military rule. Therefore, there is a need for military's come back to barracks and transform the power structure to democratic of the civilian government which is tamed an authoritarian order for the political development in Myanmar. In order to achieve this, this study concludes that setting up a empowered democratic government is required.