• 제목/요약/키워드: Activity Coefficient

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A Study on Information Efficiency in Stock Selection by Various Investor Type (투자자집단별 선택적 종목거래활동의 정보효율성 검증)

  • Lee, Sung-Hoon;Lee, Jung-Jin;Lee, Jae-Hyun
    • Management & Information Systems Review
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    • v.34 no.1
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    • pp.65-80
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    • 2015
  • In previous studies concerning turnover, they argue individual stock's turnover must be identical to market portfolio's turnover under one condition where 2 funds separation theorem holds. In this kind of world, all market participants hold and trade the same portfolio and this should be only market portfolio. If one's trading portfolio's shape is different from market portfolio's, this would mean he or she has an advantage over others in information and this kind of information would be private. In accordance with this theory, we develop a metric which measures how far one's trading portfolio from market's and name it as Stock Selection by Investor(SSI). We apply this measurement to the various types of investor groups classified as individual, institutional and foreign who participate in Korea stock market. To test the validity of measure, we regress price ratio on this measurement using SUR method. As a result, individual investor group shows large number in SSI, but the coefficient in regression is not significant and economically meaningless. In case of institutional investor group, the coefficient proves to be significantly negative. We can infer from this fact that their trading is somehow far from informed trading. Stock selection activity by foreign investor groups proves to be informed trading by showing significantly positive coefficient and the magnitude of coefficient is economically meaningful, especially in sell activity.

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The Effects of ozone on the greening of barley (Hordeum vulgare L.) seedling (보리 (Hordeum vulgare L.) 유식물의 녹화에 미치는 오존의 영향)

  • 박강은;정화숙
    • Journal of Environmental Science International
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    • v.5 no.4
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    • pp.545-553
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    • 1996
  • The effects of 0.2 ppm ozone on the developing chloroplast of barley (Hordeum vulgare L.) seedling during greening were examined by chlorophyll contents, photosynthetic electron tiansport activity, Fo, Fv and fluorescence quenching coefficient. Chlorophyll contents of seedling treated with ozone were not changed in comparison with the control during the 96 h greening experiment, but PS II activity of the chloroplasts of seedlings treated with ozone was decreases by- l5%. Fo was slightly decreased but Fv was decreases by 5% in comparison with the control, In fluorescence quenching analysis, qP and qE were decreased by 11% and 9%, respectively, in comparison with the control. These results suggest that oxidation site of PS II is the site affected mostly and PQ pool is also affected slightly by 0.2 ppm ozone.

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Study on the Specificity Alteration of Mammalian UV Endonuclease III

  • Lee, Jae-Yung;Kim, Joon
    • BMB Reports
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    • v.30 no.1
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    • pp.66-72
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    • 1997
  • A mammalian DNA repair enzyme, UV endonuclease III which also functions as a ribosomal protein S3 (rpS3), was purified from mouse cells and characterized. UV endonuclease III was previously cloned and known to yield a peptide of 32 kDa upon expression in E. coli [Kim et al., (1995) J. Bioi. Chem. 270, 13620-13629]. However, biochemically purified UV endonuclease III, which has a sedimentation coefficient of 3.25, appears to have an additional peptide of 28 kDa. It appears that two bands were derived from one complex, judging from the comparison of the nuclease activity on the native and SDS-gel electrophoreses. UV endonuclease III becomes non-specific upon purification and this phenomenon is more significant in the case of pure fractions of the enzyme. Non-specific activity was not influenced by pH or any salt conditions.

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A New Low Power High Level Synthesis for DSP (DSP를 위한 새로운 저전력 상위 레벨 합성)

  • 한태희;김영숙;인치호;김희석
    • Proceedings of the IEEK Conference
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    • 2002.06b
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    • pp.101-104
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    • 2002
  • This paper propose that is algorithm of power dissipation reduction in the high level synthesis design for DSP(Digital Signal Processor), as the portable terminal system recently demand high power dissipation. This paper obtain effect of power dissipation reduction and switching activity that increase correlation of operands as input data of function unit. The algorithm search loop or repeatedly data to the input operands of function unit. That can be reduce the power dissipation using the new low power high level synthesis algorithm. In this Paper, scheduling operation search same nodes from input DFG(Data Flow Graph) with correlation coefficient of first input node and among nodes. Function units consist a multiplier, an adder and a register. The power estimation method is added switching activity for each bits of nodes. The power estimation have good efficient using proposed algorithm. This paper result obtain more Power reduction of fifty percents after using a new low power algorithm in a function unit as multiplier.

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Effects of solution, sorbate, and sorbent chemistries on polycyclic aromatic hydrocarbon sorption to hydrated mineral surfaces

  • Yim, Soobin
    • Proceedings of the Korean Society of Soil and Groundwater Environment Conference
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    • 2003.09a
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    • pp.132-135
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    • 2003
  • Solution chemistry, sorbate chemistry, and sorbent chemistry were widely investigated to find important factors that affect PAH sorption on mineral surfaces and to elucidate its microscopic mechanism. The solution chemistry, pH and ionic strength caused measurable change of HOC sorption reaction to minerals. The detectable change of Ka occurred at a pH region crossing the PZC (Point of Zero Charge) of each mineral. The PAH hydrophobicity, one of sorbate chemistry, was observed to have a strong correlation with PAM sorption to mineral. Mineral surface area was not found to be a predominant factor controlling PAH sorption. The mineral type might be more likely to play a crucial role in controlling the PAH sorption behavior. The CEC (Cation Exchange Capacity) of mineral, representing surface charge density, has meaningful correlation with regression slope of sorption coefficients (log $K_{d}$) versus aqueous activity coefficients (log Υ$_{w}$).).).

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Physioelectrochemical Investigation of Electrocatalytic Activity of Modified Carbon Paste Electrode in Alcohol Oxidation as Anode in Fuel Cell

  • Shabani-Shayeh, Javad;Ehsani, Ali;Jafarian, Majid
    • Journal of the Korean Electrochemical Society
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    • v.17 no.3
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    • pp.179-186
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    • 2014
  • Methanol electro oxidation on the surface of carbon paste modified by $NiCl_2/6H_2O$ was studied in 1M NaOH by potentiostatic and potentiodynamic methods. Ni/C catalyst by the concentration of 5% Ni showed about twice higher electro catalytic activity than Ni metal. The amount of monolayer's on the surface of electrode is almost one order higher for Ni/C than Ni electrode. The kinetic parameters and the diffusion coefficient of methanol were derived from chronoamperometry (CA) and electrochemical impedance spectroscopy (EIS) measurements.

The Studies on the Normal Values of Pacreatic Enzymes in Healthy Dogs and the Survey Pacreatitis in Dogs of Seoul and Kyung-gi Area (개에서 정상 친장 효소치와 서를 .경기지역 동물병원에 내원하는 환축중 췌장염 발생조사)

  • 윤영민;박수진;윤화영;최희인
    • Journal of Veterinary Clinics
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    • v.15 no.1
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    • pp.228-233
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    • 1998
  • Incidence of gastrointestinal disease in dogs of Seoul and Kyung-gi area was 40.5% (380/939) and dogs with gastrointestinal disease were more likely to be 1-5 month old (55.5%). Comparison among seasons revealed that spring(48.3%) was potentially at increased risk The incidence of pancreatitis in the gastrointestinal disease was 1.49% (6/402). In helathy dogs, amylase activity was higher in male dogs than female and in the alee of >1 year than <1 year. Lipase activity was higher in female dogs than male, and higher in the age of <1 year than >1 year. The correlation coefficient$(r^{2})$ was 0.71 between the methods of measuring amylase; amyloclastic and chromogenic methods.

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