• Title/Summary/Keyword: Asymmetric information

Search Result 685, Processing Time 0.023 seconds

How Does Corporate Social Responsibility Affect Asymmetric Information: Evidence from Korean Retail Industry

  • Kim, Sang-Su;Lee, Jeong-Hwan
    • Journal of Distribution Science
    • /
    • v.17 no.2
    • /
    • pp.5-11
    • /
    • 2019
  • Purpose - This paper examines how corporate social responsibility of the Korean retail industry affects the degree of asymmetric information. Recent theories predict that a firm's active engagement in socially responsible activities lowers the degree of asymmetric information of the firm. Research design, data, and methodology - This paper uses the sum of environmental and social scores (ES), published by the Korean Corporate Governance Service in order to proxy the degree of socially responsible management practices of Korean retail firms. This paper uses the ordinary least square method to investigate the above predictions. The publicly traded Korea retail firms listed in the Korean Exchange are analyzed from 2011 to 2016. To measure the degree of asymmetric information, this paper adopts the analyst dispersion and price impact measures. Results - This paper shows that the ES score has significantly positive relationships with these two measures of information asymmetry. The environmental score seems to increase the analyst dispersion measure and the social score appears to raise the price impact measure mores significantly. Conclusions - The results do not support the prior theory expecting a negative relationship between corporate social responsibility and the degree of asymmetric information. Environmental and social scores are found to affect the measures of information asymmetry differently.

A Partial Response Maximum Likelihood Detection Using Modified Viterbi Decoder for Asymmetric Optical Storage Channels

  • Lee, Kyu-Suk;Lee, Joo-Hyun;Lee, Jae-Jin
    • The Journal of Korean Institute of Communications and Information Sciences
    • /
    • v.30 no.7C
    • /
    • pp.642-646
    • /
    • 2005
  • We propose an improved partial response maximum likelihood (PRML) detector with the branch value compensation of Viterbi decoder for asymmetric high-density optical channel. Since the compensation value calculated by a survival path is applied to each branch metric, it reduces the detection errors by the asymmetric channel. The proposed PRML detection scheme improves the detection performance on the $2^{nd},\;3^{rd}\;and\;4^{th}$ order PR targets for asymmetric optical recording channel.

Design of an Asymmetric-custom-surface Imaging Optical System for Two-dimensional Temperature-field Measurement

  • Guanghai Liu;Ming Gao;Jixiang Zhao;Yang Chen
    • Current Optics and Photonics
    • /
    • v.8 no.5
    • /
    • pp.484-492
    • /
    • 2024
  • In response to the difficulty of synchronously obtaining multiwavelength images for fast two-dimensional (2D) temperature measurement, a multispectral framing imaging optical system is designed, based on the segmented-aperture imaging method and asymmetric surface shape. The system adopts a common-aperture four-channel array structure to synchronously collect multiwavelength temperature-field images. To solve the problem of asymmetric aberration caused by being off-axis, a model of the relationship between incident and outgoing rays is established to calculate the asymmetric custom surface. The designed focal length of the optical system is 80 mm, the F-number is 1:3.8, and the operating wavelength range is 0.48-0.65 ㎛. The system is divided into four channels, corresponding to wavelengths of 0.48, 0.55, 0.58, and 0.65 ㎛ respectively. The modulation transfer function value of a single channel lens is higher than 0.6 in the full field of view at 35 lp/mm. The experimental results show that the asymmetric-custom-surface imaging system can capture clear multiwavelength images of a temperature field. The framing imaging system can capture clear images of multiwavelength temperature fields, with high consistency in images of different wavelengths. The designed optical system can provide reliable multiwavelength image data for 2D temperature-field measurement.

A Study on Information Availability and Asymmetric Volatility in the Korea Stock Market (정보량과 비대칭적 변동성에 관한 연구)

  • An, Seung-Cheol;Jang, Seung-Uk;Ha, Jong-Bae
    • The Korean Journal of Financial Management
    • /
    • v.25 no.1
    • /
    • pp.109-140
    • /
    • 2008
  • The primary objective of this paper investigates whether asymmetric volatility phenomenon is caused by differences of opinion among investors and analyses information availability has an effect on asymmetric volatility. The empirical test period covers recent 6 years from January 4, 2000 to December 29, 2005. Five portfolios have been formed according to information availability(volume and market value). For the purpose of this study, We use TGARCH model, TGARCH-M model and adjusted model which include trading volume as a proxy differences of opinion among investors. The results are summarized as follows ; First, adjusted model analysis shows that asymmetric volatility phenomenon is disappeared or asymmetric coefficient and ratio is decreased than basis model. Second, portfolio analysis shows that the higher volume and market value, the more prominent asymmetric volatility phenomenon. And adjusted model analysis shows the higher volume and market value, the more decrease asymmetric ratio. Over all, assertion that differences of opinion among investors has caused asymmetric volatility phenomenon is regarded as reasonable. And, We see that information availability have great effect on asymmetric volatility phenomenon. We think that theses results can also occur opinion adjustment of optimistic investors. Namely, asymmetric volatility phenomenon can occur difference of information authenticity.

  • PDF

Point Spread Function of Optical Systems Apodized by Semicircular Array of 2D Aperture Functions with Asymmetric Apodization

  • Reddy, Andra Naresh Kumar;Sagar, Dasari Karuna
    • Journal of information and communication convergence engineering
    • /
    • v.12 no.2
    • /
    • pp.83-88
    • /
    • 2014
  • The simultaneous suppression of sidelobes and the sharpening of the central peak in the process of diffraction pattern detection based on asymmetric apodization have been investigated. Asymmetric apodization is applied to a semicircular array of two-dimensional (2D) aperture functions, which is a series of 'coded-phase arrays of semicircular rings randomly distributed over the central circular region of a pupil function' and is similar to that used in the field of diffractive optics. The point spread function (PSF) of an imaging system with asymmetric apodization of the discrete type has been found to possess a good side with suppressed sidelobes, whereas its bad side contains enhanced sidelobes. Further, the diffracted field characteristics are obtained in the presence of these aperture functions. Asymmetric apodization is helpful in improving the performance of the optical gratings or 2D arrays used in real-time imaging techniques.

Hidden truncation circular normal distribution

  • Kim, Sung-Su;Sengupta, Ashis
    • Journal of the Korean Data and Information Science Society
    • /
    • v.23 no.4
    • /
    • pp.797-805
    • /
    • 2012
  • Many circular distributions are known to be not only asymmetric but also bimodal. Hidden truncation method of generating asymmetric distribution is applied to a bivariate circular distribution to generate an asymmetric circular distribution. While many other existing asymmetric circular distributions can only model an asymmetric data, this new circular model has great flexibility in terms of asymmetry and bi-modality. Some properties of the new model, such as the trigonometric moment generating function, and asymptotic inference about the truncation parameter are presented. Simulation and real data examples are provided at the end to demonstrate the utility of the novel distribution.

Hybrid Cryptosystem Design with Authentication (인증기능을 가진 혼합형 암호시스템 설계)

  • 이선근;김영일;고영욱;송재호;김환용
    • Proceedings of the IEEK Conference
    • /
    • 2002.06b
    • /
    • pp.341-344
    • /
    • 2002
  • The importance of protection for information is increasing by the rapid development of information communication and network. Asymmetric crypto-system is the mainstream in encryption system rather than symmetric cryptosystem by above reasons. But asymmetric cryptosystem is restricted in applying to application fields by the reason it takes more times to process than symmetric cryptosystem. In this paper, the proposed cryptosystem uses an algorithm that combines block cipherment with stream ciphcrment. Proposed cryptosystem has a high stability in aspect of secret rate by means of transition of key sequence according to the information of plaintext while asymmetric /symmetric cryptosystern conducts encipherment/decipherment using a fixed key Consequently, it is very difficult to crack although unauthenticator acquires the key information. So, the proposed encryption system which has a certification function of asymmetric cryptosystcm and a processing time equivalent to symmetric cryptosystcm will be highly useful to authorize data or exchange important information.

  • PDF

Analytical Model for the Threshold Voltage of Long-Channel Asymmetric Double-Gate MOSFET based on Potential Linearity (전압분포의 선형특성을 이용한 Long-Channel Asymmetric Double-Gate MOSFET의 문턱전압 모델)

  • Yang, Hee-Jung;Kim, Ji-Hyun;Son, Ae-Ri;Kang, Dae-Gwan;Shin, Hyung-Soon
    • Journal of the Institute of Electronics Engineers of Korea SD
    • /
    • v.45 no.2
    • /
    • pp.1-6
    • /
    • 2008
  • A compact analytical model of the threshold voltage for long-channel Asymmetric Double-Gate(ADG) MOSFET is presented. In contrast to the previous models, channel doping and carrier quantization are taken into account. A more compact model is derived by utilizing the potential distribution linearity characteristic of silicon film at threshold. The accuracy of the model is verified by comparisons with numerical simulations for various silicon film thickness, channel doping concentration and oxide thickness.

Efficient Certificateless Authenticated Asymmetric Group Key Agreement Protocol

  • Wei, Guiyi;Yang, Xianbo;Shao, Jun
    • KSII Transactions on Internet and Information Systems (TIIS)
    • /
    • v.6 no.12
    • /
    • pp.3352-3365
    • /
    • 2012
  • Group key agreement (GKA) is a cryptographic primitive allowing two or more users to negotiate a shared session key over public networks. Wu et al. recently introduced the concept of asymmetric GKA that allows a group of users to negotiate a common public key, while each user only needs to hold his/her respective private key. However, Wu et al.'s protocol can not resist active attacks, such as fabrication. To solve this problem, Zhang et al. proposed an authenticated asymmetric GKA protocol, where each user is authenticated during the negotiation process, so it can resist active attacks. Whereas, Zhang et al.'s protocol needs a partially trusted certificate authority to issue certificates, which brings a heavy certificate management burden. To eliminate such cost, Zhang et al. constructed another protocol in identity-based setting. Unfortunately, it suffers from the so-called key escrow problem. In this paper, we propose the certificateless authenticated asymmetric group key agreement protocol which does not have certificate management burden and key escrow problem. Besides, our protocol achieves known-key security, unknown key-share security, key-compromise impersonation security, and key control security. Our simulation based on the pairing-based cryptography (PBC) library shows that this protocol is efficient and practical.

A 6.4-Gb/s/channel Asymmetric 4-PAM Transceiver for Memory Interface

  • Lee, Kwang-Hun;Jang, Young-Chan
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
    • /
    • 2011.05a
    • /
    • pp.129-131
    • /
    • 2011
  • An 6.4-Gb/s/channel 4-PAM transceiver is designed for a high speed memory application. The asymmetric 4-PAM signaling scheme is proposed to increase the voltage and time margins, and reduces the reference noise effect in a receiver by 33%. To reduce ISI in a channel, 1-tap pre-emphasis of a transmitter is used. The proposed asymmetric 4-PAM transceiver was implemented by using 0.13um 1-poly 6-metal CMOS process with 1.2V supply. The active area and power consumption of 1-charmel transceiver including a PLL are $0.294um^2$ and 6mW, respectively.

  • PDF