• Title/Summary/Keyword: 미야기

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한국주식수익률의 시계열상관에 대한 원인분석

  • Kim, Dong-Hoe;Gwak, Cheol-Hyo;Jeong, Jeong-Hyeon
    • The Korean Journal of Financial Management
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    • v.14 no.3
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    • pp.23-56
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    • 1997
  • 본 연구는 주식의 시장가치와 거래빈도, 기관지분비율, 거래량 등에 따라 주식수익률의 시계열상관이 일정한 패턴을 갖는 것으로 나타나고 있다는 사실을 실증적으로 확인하고, 주식수익률의 시계열상관에 주된 영향을 미치는 요인을 횡단면 분석방법을 이용하여 살펴보고 있다. 1985년부터 1995년까지의 기간에 걸친 일별수익률자료를 이용하여 분석한 결과를 요약하면, 1) 규모, 거래빈도, 기관지분비율, 거래량 등이 작은 주식들로 구성된 포트폴리오일수록 수익률이 강한 양의 자기상관을 갖게 되며, 또한 그러한 변수들의 크기가 큰 주식들로 구성된 포트폴리오의 수익률에 대하여 후행하는 관계에 있다는 보여주고 있다. 2) Lo and MacKinlay(1990a)의 비거래모형을 이용한 분석결과에서는 한국주식수익률의 시계 및 상관이 전적으로 비거래로 인하여 나타나는 현상이 아니라는 것을 보여주고 있다. 3) 시계열상관의 정도를 나타내는 후행척도를 상기한 변수들에 대하여 회귀분석한 결과는 모든 변수들이 주식수익률의 시계열상관에 동시적으로 영향을 주고 있다는 것을 보여준다. 특히 시계열상관을 야기하는 요인들 중에서 거래빈도는 분석기간에 관계없이 항상 시계열상관에 음의 영향을 미치는 것으로 나타나고 있다. 기관지분비율과 거래량은 분명히 시계열상관에 음의 영향을 미치지만, 분석기간에 따라 유의성에 다소 차이를 보여주고 있다. 수익률의 변동성은 전반기의 경우에 시계열상관과 음의 관계를, 후반기의 경우에는 양의 관계를 갖는 것으로 나타나고 있다. 이러한 검증결과들로 미루어, 한국주식수익률의 시계열상관은 주가의 반응에 영향을 주게되는 시장구조나 투자패턴 등이 전 후반기에 있어서 서로 다르기 때문에 나타나는 현상으로 보인다.력(事前賣却努力)이 협의발행하에서 더 높았으나 발행일 직후의 주가회복은 보이지 않아 인수방식에 따른 가격안정화(價格安定化) 노력의 차이는 없었다. 발행기업들간의 주가차별화의 정도를 분석한 결과 협의발행에서 인회활동(認淮活動) (certification effects)을 더 잘 할 수 있다는 사실을 지지하지 못했다.범위(範圍)에 벗어나 한국주식시장(韓國株式市場)에서 주식시장(株式市場)의 비효율성(非效率性)을 배제할 수 없는 것으로 나타났다. 뿐만 아니라 차기에도 이어지고 화폐량과 소득이 주가의 결정에 영향을 미치고 있으며 다른 금융변수(金融變數)들은 영향을 미치지 않고 있다. 그러나 실질화폐잔고와 실질주가 장단기수익비율 화폐차등수익률과 소득변화률과는 장기적(長期的) 정상적(定常的) 균형관계(均衡關係)를 형성하고 있다. 따라서 장기적 관점에서 증권시장은 경제성장을 위한 통화정책과 각 분야의 균형적 성장을 유발할 수 있는 재정정책(財政政策)이 요청되고 있다. 위의 논의에서 유추할 수 있는 것은 화폐의 영향을 완화시키기 위하여 option시장의 개발과 농산물, 광물, 기타 실물 및 금융에 대한 선물시장의 개설이 요청된다. 이와 같은 시장을 통하여 통화 정책이 증권시장에 미치는 과도한 효과를 축소시켜 합리적이고 건전한 증권시장(證券市場)의 발전(發展)과 금융시장(金融市場)의 원활한 발전이 이룩될 수 있을 것이다. 자본시장이론(資本市場理論)에서는 화폐는 무시하고 실물적인 관점에서 증권가격의 결정을 연구하거나 위험분석에 주안점이 주어져 왔었다. 본 연구를 통하여 통화정책의 결과가 자본시장에 직접적으로 영향을 미치고 있음을 확인하였다. 통화금융정책과 주가의 유기적 관계를 확인한 본 논문의 결과를 정책당국이 참고하여

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A STUDY OF THE CORRELATION BETWEEN THE FEATURES OF MESIODENS AND COMPLICATIONS (상악정중부 과잉치의 양태와 병발증의 상관관계에 관한 연구)

  • Lee, Yoon-Seok;Kim, Jung-Wook;Lee, Sang-Hoon
    • Journal of the korean academy of Pediatric Dentistry
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    • v.26 no.2
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    • pp.275-283
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    • 1999
  • Authors evaluated 152 patients at the department of Pediatric Dentistry in Seoul National University Hospital through clinical records and radiographs. And the following features were studied ; age, sex distribution, number of mesiodens per patients, location, status of eruption, shape and orientation of crown, and complication. From the above results, the relationship between features of mesiodens and complications were evaluated using chi-square analysis. 1. Complications due to the presence of mesiodens did not occur in 31.6%, delayed eruption of adjacent teeth was observed in 33.6%, midline diastema in 22.4%, rotation in 8.6%, displacement in 3.3%, and crowding in 0.7% of all evaluated patients. 2. As compared with the above 8.5 year group, in the under 8.5 year group, the frequency of complications was significantly higher(P<0.05). As compared with those positioned lingually, in mesiodens labially or within the arch the frequency of complications was significantly higher(P<0.01). Also, the frequency of complications was significantly higher when the mesiodens was tuberculate in form(P<0.05). 3. Of the 104 patients with complications, the frequency of delayed eruption was significant higher in the under 8.5 year group, and in above 8.5 year group, the frequency of malocclusion was significantly higher(P<0.05). When mesiodens were located in the midline region, the frequency of malocclusion was significant higher, while in case with laterally positioned mesiodens the frequency of delayed eruption was significantly higher(P<0.01).

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Study on Characteristics for Local Deposit of Sediment by Surveying River Bed's Layer History in High Berm of River Channel (하도 층구조 이력조사를 통한 하도내 국지퇴적 특성 분석)

  • Ryu, Young-Hoon;Lee, Sam-Hee;Ahn, Won-Sik
    • Journal of Korea Water Resources Association
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    • v.43 no.10
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    • pp.883-891
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    • 2010
  • More recently, there have been significant changes in the forms of channels due to runoff characteristics driven by climate changes and other alterations in basin/channel environments. Particularly, increasing local deposition in major channels is being observed nationwide. Of such phenomena, it is noteworthy that flood-plains show unidirectional growth and lowering of channels within compound channels in the form of a high-flow plain. These changes are supposed to affect management of the river ecology as well as flood control. In this study, the research on channels in Korea confirmed that the phenomenon of local deposition in those channels is actually taking place, rendering a problem to be urgently addressed. Previous studies on bed changes have been focused on low channels based on bed materials distributed over the channels. However, this research has proved that surface-layer deposition of a high-flow plain is closely related with changes in the conditions of ground surfaces and, ultimately, affects the bed of the entire channel as well. According to the intensive research on the condition of the high-flow plain of the mouth of the Han River, the silt deposited in the high-flow plain was the main cause of settlement/growth of vegetation. And this leads to landforming along with woods-forming, disturbing flood control as well as the normal river ecology.

Quantitative Deterioration Assessment and Microclimatic Analysis of the Gyeongju Seokbinggo (Ice-storing Stone Warehouse), Korea (경주석빙고의 정량적 훼손도 평가와 미기후환경 분석)

  • Kim, Ji-Young;Lee, Chan-Hee;Lee, Myeong-Seong
    • Journal of Conservation Science
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    • v.25 no.1
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    • pp.25-38
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    • 2009
  • The Gyeongju Seokbinggo (Treasure No. 66) is an ice-storing stone warehouse, consisting mainly of alkaligranite which shows milky white color and medium-grained textures with drusy cavities. As results of deterioration assessment, the deterioration rates were determined as crack (12.5%), disjoining (6.7%), breaking-out (25.1%), exfoliation (20.9%), efflorescence (6.5%), brown discoloration (9.8%), darkgray discoloration (2.0%) and biological discoloration (36.5%). Comprehensive physical deterioration rate and discoloration rate were calculated as 43.7% and 68.7%, respectively, that indicates the Seokbinggo has been severely weathered. Indoor relative humidity was above 90% except in winter season. Indoor microclimate was hardly fluctuating although indoor microclimate was dependent on the outdoor climate. The main cause of deterioration was high relative humidity and a long time of wetness due to penetration of rain, underground water and condensation. It was identified that the water brought out biological discoloration, dissolution of minerals, structural movement and efflorescence, and the dust from the ground soil in front of the entrance accelerated brown and dark gray discoloration on the stone surface.

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Cognitive improvement effects of Momordica charantia in amyloid beta-induced Alzheimer's disease mouse model (여주의 amyloid beta 유도 알츠하이머질환 동물 모델에서 인지능력 개선 효과)

  • Sin, Seung Mi;Kim, Ji Hyun;Cho, Eun Ju;Kim, Hyun Young
    • Journal of Applied Biological Chemistry
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    • v.64 no.3
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    • pp.299-307
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    • 2021
  • Accumulation of amyloid beta (Aβ) and oxidative stress are the most common reason of Alzheimer's disease (AD). In the present study, we investigated the cognitive improvement effects of butanol (BuOH) fraction from Momordica charantia in Aβ25-35-induced AD mouse model. To develop an AD mouse model, mice were received injection of Aβ25-35, and then orally administered BuOH fraction from M. charantia at doses of 100 and 200 mg/kg/day during 14 days. In the T-maze and novel object recognition test, administration of BuOH fraction from M. charantia L. at doses of 100 and 200 mg/kg/day improved spatial ability and novel object recognition by increased explorations of novel route and new object. In addition, BuOH fraction of M. charantia-administered groups improved learning and memory abilities by decreased time to reach hidden platform in Morris water maze test. Oral administration of BuOH fraction from M. charantia significantly inhibited lipid peroxidation and nitric oxide levels in the brain, liver, and kidney compared with Aβ25-35-induced control group. These results indicated that BuOH fraction of M. charantia improved Aβ25-35-induced cognitive impairment by attenuating oxidative stress. Therefore, M. charantia could be useful for protection from Aβ25-35-induced cognitive impairment.

The Moderating Effect of Resilience in Role Stress on Psychological Burnout : Focuced on a Catholic Nuns (역할스트레스가 심리적 소진에 미치는 영향에서 회복탄력성의 조절효과: 가톨릭 여성수도자를 중심으로)

  • Yu, Mi-Hoa;Ahn, Jooah
    • The Journal of the Korea Contents Association
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    • v.22 no.10
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    • pp.851-860
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    • 2022
  • Catholic nuns are under a lot of role stress while living as a monk, which leads to psychological burnout, causing negative effects. This study confirmed which sub-factors of the role stress of Catholic nuns has a greater effect on psychological burnout, and analyzed whether resilience has a moderating effect on psychological burnout. As a result of a mail survey of 234 catholic nuns, first, role stress could be confirmed according to the period of catholic nuns' life in the capital and the roles of internal and external apostles. In particular, when the life of the capital was less than 20 years, they felt different from the role ambiguity. Second, it was found that the role stress of catholic nuns had an effect on psychological burnout, and role ambiguity, role conflict, and role all had an effect on psychological burnout. In particular, role ambiguity was found to have the greatest effect, causing greater psychological burnout of role ambiguity than role. Third, in the relationship between role stress and psychological burnout, resilience had a moderating effect This study suggests that reducing the role ambiguity of nuns is the most important, and that it is necessary to improve resilience as a way to reduce psychological burnout. Above all, it is meaningful in that it targets nuns who are difficult to access easily.

Sequential Use of COMSOL Multiphysics® and PyLith for Poroelastic Modeling of Fluid Injection and Induced Earthquakes (COMSOL Multiphysics®와 PyLith의 순차 적용을 통한 지중 유체 주입과 유발지진 공탄성 수치 모사 기법 연구)

  • Jang, Chan-Hee;Kim, Hyun Na;So, Byung-Dal
    • The Journal of Engineering Geology
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    • v.32 no.4
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    • pp.643-659
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    • 2022
  • Geologic sequestration technologies such as CCS (carbon capture and storage), EGS (enhanced geothermal systems), and EOR (enhanced oil recovery) have been widely implemented in recent years, prompting evaluation of the mechanical stability of storage sites. As fluid injection can stimulate mechanical instability in storage layers by perturbing the stress state and pore pressure, poroelastic models considering various injection scenarios are required. In this study, we calculate the pore pressure, stress distribution, and vertical displacement along a surface using commercial finite element software (COMSOL); fault slips are subsequently simulated using PyLith, an open-source finite element software. The displacement fields, are obtained from PyLith is transferred back to COMSOL to determine changes in coseismic stresses and surface displacements. Our sequential use of COMSOL-PyLith-COMSOL for poroelastic modeling of fluid-injection and induced-earthquakes reveals large variations of pore pressure, vertical displacement, and Coulomb failure stress change during injection periods. On the other hand, the residual stress diffuses into the remote field after injection stops. This flow pattern suggests the necessity of numerical modeling and long-term monitoring, even after injection has stopped. We found that the time at which the Coulomb failure stress reaches the critical point greatly varies with the hydraulic and poroelastic properties (e.g., permeability and Biot-Willis coefficient) of the fault and injection layer. We suggest that an understanding of the detailed physical properties of the surrounding layer is important in selecting the injection site. Our numerical results showing the surface displacement and deviatoric stress distribution with different amounts of fault slip highlight the need to test more variable fault slip scenarios.

The Effect of CO in the Flue Gas on $H_2$ SCR (배가스 중 CO가 $H_2$ SCR 반응에 미치는 영향 연구)

  • Kim, Sung-Su;Hong, Sung-Chang
    • Applied Chemistry for Engineering
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    • v.21 no.4
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    • pp.391-395
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    • 2010
  • This study presents the effect of CO in flue gas on the $H_2$ SCR by Pt/$TiO_2$ catalyst. Coexisting CO which has characteristics of competitive adsorption with $H_2$ as a reductant on the active sites showed the decrease of catalytic activity. Competitive adsorption with NO, CO and $H_2$ also caused the reduction of activity and $H_2$, CO slip simultaneously. With increasing the inlet CO concentration, such phenomenon became more pronounced. Adding $PdO_2$ and $CeO_2$ on the catalyst to avoid the inhibition by coexisting CO, $CeO_2$ added catalyst exhibited the durability against CO which fed 100 ppm under.

Eruption failure of teeth (치아의 맹출장애)

  • Lim, Yong-Kyu;Lee, Dong-Yul
    • The korean journal of orthodontics
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    • v.30 no.1 s.78
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    • pp.67-82
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    • 2000
  • The purpose of this study was to present the causes and their mechanisms of eruption failure of teeth and to investigate the treatment modalities. There are so many reports about eruption failure, but most of them are dealing with local mechanical interferences. But, we have patients suffered from eruption failure of another causes. Many developmental failures show eruption problems of teeth, although in some cases, the primary failure of eruption (failure of the eruption mechanism itself) can be the primary cause. We have to know about the causes, differences, and the treatment modalities for those abnormalities.

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Effect of Synchronization Errors with Distributed Beamforming in OFDM Systems (분산 빔포밍을 이용한 OFDM 시스템에서의 동기에러 영향 분석)

  • Kim, Haesoo;Lee, Kwangho
    • Journal of the Institute of Electronics and Information Engineers
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    • v.51 no.1
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    • pp.3-10
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    • 2014
  • Three synchronization issues, i.e., symbol time, phase, and frequency, have to be properly controlled to achieve distributed beamforming gain. In this paper, the impacts of synchronization errors in distributed beamforming are analyzed for OFDM systems. For symbol timing error of cooperating signals, high frequency subcarriers are more susceptible as compared to low frequency ones. The desired signal loss due to phase and frequency offset is independent of subcarrier number. However, frequency offset is critical in OFDM systems since it leads to interference from the other subcarriers as well as power loss in the desired signal. Performance degradation due to three synchronization errors is shown with various numbers of cooperating signals and offset values. It shows that the performance analysis is well matched with simulation results.