• Title/Summary/Keyword: Asymmetric information

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Voluntary Disclosure, Financial Reporting Quality and Asymmetry Information

  • SUHARSONO, Riyanto Setiawan;NIRWANTO, Nazief;ZUHROH, Diana
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.1185-1194
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    • 2020
  • This study aims to test Voluntary Disclosure, Quality of Financial Reporting and Information Asymmetry as Moderation Variables. The Voluntary Disclosure variable is calculated using the Index Disclosure. This research uses quantitative methods and uses partial least square with EViews data analysis. The research sample consisted of 225 manufacturing companies listed on the Indonesian stock exchange for the period 2016-2018. The results of the study state that voluntary disclosure has a positive and significant effect on the quality of financial reporting through asymmetric information. The relationship between voluntary disclosure and asymmetric information has a negative effect on the quality of financial reporting, states that the disclosure of voluntary reports to companies can prevent information asymmetry, as well as the relationship of voluntary disclosure to information asymmetry states that companies that make voluntary disclosure will increase the interest of investors and other stakeholders. The quality of financial reporting states that if there is information asymmetry, the quality of financial reporting will also decline. The low value of relevance will affect the level of large or small information gaps between management and investors. The quality of financial reporting with increased relevance means that asymmetric information will have a negative impact on financial reporting.

Electrical Characteristics and Models for Asymmetric n-MOSFET′s with Irregular Source/Drain Contacts (불규칙한 소오스/드레인 금속 접촉을 갖는 비대칭 n-MOSFET의 전기적 특성 및 모델)

  • 공동욱;정환희;이재성;이용현
    • Proceedings of the IEEK Conference
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    • 1999.11a
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    • pp.208-211
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    • 1999
  • Abstract - Electrical characteristics or asymmetric n-MOSFET's with different source and drain geometry are experimently investigated using test structures having various gate width. Saturation drain current and resistance in linear region are estimated by a simple schematic model, which consists of conventional device having parasitic resistor. A comparison of experimental results of symmetric and asymmetric devices gives the parasitic resistance caused by abnormal device structure. The suggested model shows good agreement with the measured drain current for both forward- and reverse-modes.

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How to Design Trade Policy under Asymmetric Information? (비대칭 정보하에 무역정책 설계)

  • Yang Seung Lee
    • Korea Trade Review
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    • v.46 no.2
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    • pp.107-119
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    • 2021
  • Using a trade policy, government can shift profits from foreign firms to domestic firms. This paper will reexamine how asymmetric information can affect the equivalence of tariff and quota in a duopoly, where one domestic firm competes with one foreign firm. It can happen that the domestic firm has informational advantage against the government. Within this framework, the domestic firm has private information about own marginal cost as well as the foreign firm's. The domestic firm would exploit the advantage to draw a favorable policy from the government. When the government is misled, social welfare would decline. This paper will guide how the government can extract information from the domestic firm by offering a menu of tariff or quota. Previous studies showed that quota demands information more than tariff. With the principle of revealed information, the domestic firm chooses tariff (quota) if the marginal cost of foreign firm is low (high). The quota level will be high (low) if the marginal cost of domestic firm is high (low). To prevent misrepresentation, the domestic firm should be charged when quota is implemented. When the quota level is low, the domestic firm is charged additionally. This paper can contribute to the literature of trade policy and information.

A Performance Study of Asymmetric Multi-core Digital Signal Processor Architectures (비대칭적 멀티코어 디지털 신호처리 프로세서의 성능 연구)

  • Lee, Jongbok
    • The Journal of the Institute of Internet, Broadcasting and Communication
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    • v.15 no.5
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    • pp.219-224
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    • 2015
  • Recently, the multi-core processor architecture is widely used in the digital signal processors for enhancing its performance. Multi-core processors are classified either as symmetric or asymmetric. Asymmetric multi-core processors are known to have higher performance and more efficient than symmetric multi-core processors. In order to study the performance enhancement of asymmetric multi-core digital signal processors over the symmetric ones, the trace-driven simulation has been executed for various asymmetric quad-core, octa-core and hexadeca-core digital signal processors and compared with the symmetric ones of similar hardware budget using UTDSP benchmarks as input.

Electric Characteristics and Modeling of Asymmetric n-MOSFETs for Improving Packing Density (집적도 향상을 위한 비대칭 n-MOSFET의 전기적 특성 및 모델링)

  • Gong, Dong-Uk;Lee, Jae-Seong;Nam, Gi-Hong;Lee, Yong-Hyeon
    • Journal of the Institute of Electronics Engineers of Korea SD
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    • v.38 no.7
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    • pp.464-472
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    • 2001
  • Asymmetric n-MOSFET's for improving packing density have been fabricated with 0.35 ${\mu}{\textrm}{m}$ CMOS process. Electrical characteristics of asymmetric n-MOSFET show a lower saturation drain current and a higher linear resistance compared to those of symmetric devices. Substrate current of asymmetric MOSFET is lower than that of symmetric devices. Asymmetric n-MOSFET's have been modeled using a parasitic resistance associated with abnormally structured drain or source and a conventional n-MOSFET model. MEDICI simulation has been done for accuracy of this modeling. Simulated values of reverse as we11 as forward saturation drain current show good agreement with measured values for asymmetric device.

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Asymmetric and non-stationary GARCH(1, 1) models: parametric bootstrap to evaluate forecasting performance (비대칭-비정상 변동성 모형 평가를 위한 모수적-붓스트랩)

  • Choi, Sun Woo;Yoon, Jae Eun;Lee, Sung Duck;Hwang, Sun Young
    • 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.

Calculating Sea Surface Wind by Considering Asymmetric Typhoon Wind Field (비대칭형 태풍 특성을 고려한 해상풍 산정)

  • Hye-In Kim;Wan-Hee Cho;Jong-Yoon Mun
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.29 no.7
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    • pp.770-778
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    • 2023
  • Sea surface wind is an important variable for elucidating the atmospheric-ocean interactions and predicting the dangerous weather conditions caused by oceans. Accurate sea surface wind data are required for making correct predictions; however, there are limited observational datasets for oceans. Therefore, this study aimed to obtain long-period high-resolution sea surface wind data. First, the ERA5 reanalysis wind field, which can be used for a long period at a high resolution, was regridded and synthesized using the asymmetric typhoon wind field calculated via the Generalized Asymmetric Holland Model of the numerical model named ADvanced CIRCulation model. The accuracy of the asymmetric typhoon synthesized wind field was evaluated using data obtained from Korea Meteorological Administration and Japan Meteorological Administration. As a result of the evaluation, it was found that the asymmetric typhoon synthetic wind field reproduce observations relatively well, compared with ERA5 reanalysis wind field and symmetric typhoon synthetic wind field calculated by the Holland model. The sea surface wind data produced in this study are expected to be useful for obtaining storm surge data and conducting frequency analysis of storm surges and sea surface winds in the future.

Channel Doping Concentration Dependent Threshold Voltage Movement of Asymmetric Double Gate MOSFET (비대칭 이중게이트 MOSFET의 도핑농도에 대한 문턱전압이동)

  • Jung, Hakkee
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.18 no.9
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    • pp.2183-2188
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    • 2014
  • This paper has analyzed threshold voltage movement for channel doping concentration of asymmetric double gate(DG) MOSFET. The asymmetric DGMOSFET is generally fabricated with low doping channel and fully depleted under operation. Since impurity scattering is lessened, asymmetric DGMOSFET has the adventage that high speed operation is possible. The threshold voltage movement, one of short channel effects necessarily occurred in fine devices, is investigated for the change of channel doping concentration in asymmetric DGMOSFET. The analytical potential distribution of series form is derived from Possion's equation to obtain threshold voltage. The movement of threshold voltage is investigated for channel doping concentration with parameters of channel length, channel thickness, oxide thickness, and doping profiles. As a result, threshold voltage increases with increase of doping concentration, and that decreases with decrease of channel length. Threshold voltage increases with decrease of channel thickness and bottom gate voltage. Lastly threshold voltage increases with decrease of oxide thickness.

Analysis of Subthreshold Swing for Channel Doping of Asymmetric Double Gate MOSFET (비대칭 이중게이트 MOSFET의 채널도핑에 따른 문턱전압이하 스윙 분석)

  • Jung, Hakkee
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.18 no.3
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    • pp.651-656
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    • 2014
  • This paper analyzed the change of subthreshold swing for channel doping of asymmetric double gate(DG) MOSFET. The subthreshold swing is the factor to describe the decreasing rate of off current in the subthreshold region, and plays a very important role in application of digital circuits. Poisson's equation was used to analyze the subthreshold swing for asymmetric DGMOSFET. Asymmetric DGMOSFET could be fabricated with the different top and bottom gate oxide thickness and bias voltage unlike symmetric DGMOSFET. It is investigated in this paper how the doping in channel, gate oxide thickness and gate bias voltages for asymmetric DGMOSFET influenced on subthreshold swing. Gaussian function had been used as doping distribution in solving the Poisson's equation, and the change of subthreshold swing was observed for projected range and standard projected deviation used as parameters of Gaussian distribution. Resultly, the subthreshold swing was greatly changed for doping concentration and profiles, and gate oxide thickness and bias voltage had a big impact on subthreshold swing.

Asymmetric Effect of Social Sentimental on an Individual Stock Price Return (소셜 감성이 개별 기업 주식수익률에 미치는 비대칭적 영향 분석)

  • Sei-Wan Kim;Jee-Won Park;Young-Min Kim;Hee Kyung Ham
    • Information Systems Review
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    • v.22 no.4
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    • pp.59-74
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    • 2020
  • This paper investigates the asymmetric effect of social sentimental on an individual stock price return. For this purpose, four companies such as POSCO, Korean Electricity, AMORE PACIFIC, KIA Motors are chosen from KOSPI listed companies in terms of dataperspective. The main estimation results are as follows: the positive opinions affect only the stock prices return of three companies while the negative opinions affect all of the companies. It shows that positive or negative texts give asymmetric effect on stock price return and the effect of negative opinions is bigger than that of positive opinions. The results imply that investors are more sensitive to the negatives since they have the tendency of loss aversion. Also, it indicates that subjective opinion on SNS can be used as the proxy for the investment sentiment.