• The Korean Journal of Applied Statistics
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• v.34 no.4
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• pp.611-622
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• 2021

With a wide recognition that financial time series typically exhibits asymmetry patterns in volatility so called leverage effects, various asymmetric GARCH(1, 1) processes have been introduced to investigate asymmetric volatilities. A lot of researches have also been directed to non-stationary volatilities to deal with frequent high ups and downs in financial time series. This article is concerned with both asymmetric and non-stationary GARCH-type models. As a subsequent paper of Choi et al. (2020), we review various asymmetric and non-stationary GARCH(1, 1) processes, and in turn propose how to compare competing models using a parametric bootstrap methodology. As an illustration, Dow Jones Industrial Average (DJIA) is analyzed.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.21 no.2
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• pp.151-156
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• 2021

Leakage and Bragg condition of optical waveguide with asymmetric rectangular grating profile are evaluated in detail by using novel and rigorous modal transmission-line theory (MTLT) based on eigenvalue problem. The optical waveguide composed by asymmetric rectangular grating occur leaky-wave stop-bands at Bragg conditions, and anomalies based on Rayleigh-Wood condition near Bragg conditions. Furthermore, DFB properties of the guiding structure at Bragg conditions are analyzed by applying longitudinal equivalent transmission-line with characteristic impedance of periodic grating. The numerical results show that filtering characteristics that maximize the reflected power of DFB waveguide are activated near Bragg conditions, in which leaky-wave stop-bands occur.

• Journal of Digital Convergence
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• v.18 no.8
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• pp.111-118
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• 2020

This study conducted an empirical analysis of SSE-listed companies to verify the effects of evaluation and disclosure of internal control systems on the agency costs management and controlling shareholders. Agency costs can affect the valuation of accounting information as asymmetry of information in the relationship between a company and its stakeholders, or induce financial costs as an adverse selection. If the firm's agency costs are reasonable, the valuation of the company can also move in a relatively positive direction. In this study, the evaluation information of the internal control system was analyzed through sales management ratio and equity ratio as substitute variables to analyze the relationship between management and agent costs of the controlling shareholders. In addition, independent control ratio, capital balance ratio, and company scale were used as control variables, as a result of the analysis, the evaluation information of internal control was found to be related to the agency costs of managers and governance structure. This study can be conducted to positive factors in evaluating the reliability and corporate value of accounting information according to the evaluation of internal control of SSE-listed companies and helps to understand the financial reporting environment.

• Journal of Industrial Convergence
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• v.20 no.12
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• pp.59-70
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• 2022

This study investigates the sensitivity reflected in the accounting earnings differs according to the difference in the characteristics of accounting information such as profit and loss for the same market information. For this, market information and accounting data were analyzed for 11,462 non-financial listed companies listed on the KOSPI and KOSDAQ markets from 2012 to 2020 by using Basu's measurement of conditional conservatism and Ball and Shivakumar's measurement of conservatism. Accounting earnings sensitivity was analyzed according to the combination of information. As a result of the study, it was confirmed that both earnings and losses corporates recognize losses with delay, while losses are recognized quickly by loss corporates and delayed recognition by earnings companies. It was confirmed that more strict conservatism was applied to the losses corporates compared to the earnings corporates by delaying the recognition of earnings while the early recognition of the losses. It provides empirical data on the causality between the asymmetric timeliness and the combined effect of market information and accounting information by verifying that the losses corporates responds sensitively to market information while the earnings corporates does not react sensitively to the market information.

• Journal of Convergence for Information Technology
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• v.7 no.1
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• pp.93-98
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• 2017

To recover the capital market's confidence, interest in accounting ethics education has increased recently. The purpose of this paper is to introduce a simple classroom games for moral hazard problem and to analyze the results. This case study introduces the classroom games in which well-known experiment of principal-agent dilemma in experimental economics implemented accounting ethics education. This paper suggests that game lesson is effective and efficient way to understanding moral hazard problem. During the games, cause and effect of players' decision making react upon each other. This paper contributes to generating further discussion on accounting ethics education and providing practical implication.

• Journal of Convergence for Information Technology
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• v.10 no.10
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• pp.24-31
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• 2020

In non-orthogonal multiple access (NOMA), the degraded performance of the weaker channel gain user is a problem. In this paper, we propose the asymmetric binary pulse amplitude modulation (2PAM), to improve the bit-error rate (BER) performance of the weaker channel user in NOMA with the tolerable BER loss of the stronger channel user. First, we design the asymmetric 2PAM, calculate the total allocated power, and derive the closed-form expression for the BER of the proposed scheme. Then it is shown that the BER of the weaker channel user improves, with the small BER loss of the stronger channel user. The superiority of the proposed scheme is also validated by demonstating that the signal-to-noise ratio (SNR) gain of the weaker channel user is about 10 dB, with the SNR loss of 3 dB of the stronger channel user. In result, the asymmetric 2PAM could be considered in NOMA of 5G systems. As a direction of the future research, it would be meaningful to analyze the achievable data rate for the propsed scheme.

• Journal of Advanced Navigation Technology
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• v.27 no.6
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• pp.855-860
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• 2023

Long-haul transmission of multiple transmission signals, such as wavelength division multiplexed (WDM), has became possible, because the signal distortion caused by chromatic dispersion and nonlinearity can be compensated by applying dispersion management, optical phase conjugation and combination of the two methods into the transmission link. The biggest obstacle to applying optical phase conjugation to an optical link is that the optical phase conjugator (OPC) must be located only in the middle of the entire transmission line. This paper shows that the location constraints of OPC can be overcome through the application of an asymmetric dispersion map. The location of the OPC considered in this paper exists between the 8th and 9th fiber spans out of a total of 48 fiber spans. Additionally, the dispersion map has an asymmetric cumulative dispersion profile with respect to the OPC. As a result of the simulation, it was confirmed that the distortion compensation effect of the WDM channel can be increased compared to the link to which the traditional dispersion map is applied, depending on the overall shape of the cumulative dispersion profile distribution of the proposed asymmetric dispersion map and the selection of the profile slope.

• Journal of the Korea Institute of Information Security & Cryptology
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• v.22 no.6
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• pp.1419-1427
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• 2012

This paper deals with the online privacy policy, which is designed to solve the information asymmetry problem between websites and internet users. We empirically analyze the recognition, confirmation of the online privacy policy, and its effects on online transaction behavior using a rich survey data representing 5,422 Korean internet users. Major results are as follows. First, there exists a significant difference between recognition and confirmation, and confirmation behavior is positively related with the importance of privacy issue and the experience of privacy invasion. Second, binary variable regressions show that internet user tends to participate in online transaction if he/she confirms the online privacy policy positively. Finally, if websites would make online privacy policy easy and short, a yearly online transaction market size of Korea would increase by 0.46 million participants and 22.4 billion KRW.

• Journal of Convergence for Information Technology
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• v.10 no.11
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• pp.302-312
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• 2020

This study examined whether there is a difference in cost asymmetry between a corporate listed on KOSDAQ and a corporate listed on KOSPI, and whether there is a difference in cost asymmetry depending on the size of the listed corporate. In the previous study, cost asymmetry was examined only for listed corporate, but the difference in size between KOSDAQ-listed corporate and KOSPI-listed corporate was not examined. However, according to many studies, since the characteristics of corporate and firm risks are different between corporate listed on KOSPI and corporate listed on KOSDAQ, or even for listed corporate, such an impact may affect the decision-making of internal resource allocation. The analysis was conducted that there would be a difference in the impact. For this study, the results of analyzing the KOSPI and KOSDAQ markets from 2011 to 2019 using the cost behavior model of Anderson et al. (2003), There was a difference in cost behavior in the KOSPI and KOSDAQ markets. Overall, as in previous studies, Cost Stickiness was appeared. but in the case of the KOSPI market, Cost Stickiness was mitigated.It was found that corporate with large corporate size made the decision to dispose of idle resources more clearly when sales decreased. In addition, it was observed that the higher the foreign investor's ownership ratio, the KOSPI market, and the larger the corporate size, the more clearly the Stickiness of cost was mitigated. This study expands research on cost asymmetry and reveals that there is a difference between the KOSPI market and the KOSDAQ market, and between the size of the corporate, and has a differentiation from previous studies.

• Knowledge Management Research
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• v.22 no.2
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• pp.55-76
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• 2021

The real estate market is a representative imperfectly competitive market. Real estate information is characterized by being collected and utilized in a closed environment, and market participants have to pay a lot of time, effort, and costs to acquire such information. Korea's real estate public data is increasing year by year, but it is scattered by relevant ministries. So it is difficult to search and analyze, and the level of development of the industry using it is low. In the recent 4th industrial revolution, the proptech industry has developed as an industry to efficiently provide necessary information to the real estate market. In this study, based on the case of major companies in the real estate platform field among proptech companies, we looked at the types of information provided to users, and on the contrary, explored ways to utilize the data collected from users. The results of this study are expected to provide theoretical and practical implications for ways to reduce information asymmetry in the real estate market and contribute to the development of the real estate industry.