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Comparative Analysis of Default Risk of Construction Company during Macroeconomic Fluctuations (거시경제변동 전후 건설기업의 부실화 비교분석 - IMF 외환위기 및 서브프라임 금융위기 전후를 중심으로 -)

  • Choi, Jae-Kyu;Yoo, Seung-Kyu;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.13 no.4
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    • pp.60-68
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    • 2012
  • The past IMF foreign exchange crisis and subprime financial crisis had a big influence on variability of macroeconomics, even if the origin of its occurrence might be different. This not only had a significant infrequence on the overall industries, but also produced many insolvent companies by being closely linked with a management environment of an individual construction company leading the construction industry. Actually, the level of default risk of construction companies before and after fluctuation of macroeconomics gets to experience a rapid changing process, and a difference in reaction against shock exists according to each company. Accordingly, the purpose of this paper is to confirm the fluctuation process of the default risk of construction companies under the fluctuation of macroeconomics such as the IMF financial crisis and the subprime mortgage crisis. As an analysis result, it is judged that the subprime financial crisis gave bigger shock to construction companies than the foreign exchange crisis, and it is expected that this would have a relation with the construction market before shock of macroeconomics. In addition, it was analyzed that when comparing insolvent companies with normal companies, the recovery speed of normal companies is faster. It is judged that this was affected by a difference of internal business capacity between insolvent companies and normal companies.

Characteristics of soil respiration in Pinus densiflora stand undergoing secondary succession by fire-induced forest disturbance

  • Kim, Jeong-Seob;Lim, Seok-Hwa;Joo, Seung Jin;Shim, Jae-Kuk;Yang, Keum-Chul
    • Journal of Ecology and Environment
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    • v.37 no.3
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    • pp.113-122
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    • 2014
  • The purpose of this study is to compare soil $CO_2$ efflux between burned and unburned sites dominated by Pinus densiflora forest in the Samcheok area where a big forest fire broke out along the east coast in 2000 and to measure soil $CO_2$ efflux and environmental factors between March 2011 and February 2012. Soil $CO_2$ efflux was measured with LI-6400 once a month; the soil temperature at 10 cm depth, air temperature, and soil moisture contents were measured in continuum. Soil $CO_2$ efflux showed the maximum value in August 2011 as 417.8 mg $CO_2m^{-2}h^{-1}$ (at burned site) and 1175.1 mg $CO_2m^{-2}h^{-1}$ (at unburned site), while it showed the minimum value as 41.4 mg $CO_2m^{-2}h^{-1}$ (at burned site) in December 2011 and 42.7 mg $CO_2m^{-2}h^{-1}$ (at unburned site) in February 2012. The result showed the high correlation between soil $CO_2$ efflux and the seasonal changes in temperature. More specifically, soil temperature showed higher correlation with soil $CO_2$ efflux in the burned site ($R^2$ = 0.932, P < 0.001) and the unburned site ($R^2$ = 0.942, P < 0.001) than the air temperature in the burned site ($R^2$ = 0.668, P < 0.01) and the unburned site ($R^2$ = 0.729, P < 0.001). $Q_{10}$ values showed higher sensitivity in the unburned site (4.572) than in the burned site (2.408). The total soil $CO_2$ efflux was obtained with the exponential function between soil $CO_2$ efflux and soil temperature during the research period, and it showed 2.5 times higher in the unburned site (35.59 t $CO_2ha^{-2}yr^{-1}$, 1 t = $10^3$ kg) than in the burned site (14.69 t $CO_2ha^{-2}yr^{-1}$).

Promoting College Graduate Students Motivating Entering on Small and Medium Sized Company : Based on the Expectation Value Theory (대학졸업생들의 중소기업 취업촉진 방안에 관한 연구 : 기대가치이론을 중심으로)

  • Ha, Kyu Soo
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.9 no.4
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    • pp.55-64
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    • 2014
  • While small and medium-sized companies are suffering from a shortage of workers as a result of social tendency to avoid those companies, college graduates still prefer large companies or governmental positions, which consequently results in inconsistencies in the demand and supply of work forces. The gap between them is getting so bad that employment difficulties are exacerbating. Accordingly this study tries to search for potential employee's expected value factors which make people select small and medium companies not big companies. A survey was conducted from October 1 to october 30, 2012 with university students in the Seoul metropolitan area. a total of 350 questionnaires were distributed and 335 were collected. of these, 332 questionnaires were used for data analyses excluding questionnaires with missing values. Data was analyzed by frequency, descriptive factor, reliability, and regression with SPSS win 18.0 program The result of this study were as follows. A factor analysis extracted four factors comprising small and medium companies, which we named career(factor 1), working environment(factor 2), working achievement(factor 3), job security (factor 4). This study showed that small and medium companies' preference were affected by the career, working environment, job security, corporate reputation, salary.

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Sewer overflow simulation evaluation of urban runoff model according to detailed terrain scale (상세지형스케일에 따른 도시유출모형의 관거월류 모의성능평가)

  • Tak, Yong Hun;Kim, Young Do;Kang, Boosik;Park, Mun Hyun
    • Journal of Korea Water Resources Association
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    • v.49 no.6
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    • pp.519-528
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    • 2016
  • Frequently torrential rain is occurred by climate change and urbanization. Urban is formed with road, residential and underground area. Without detailed topographic flooded analysis consideration can take a result which are wrong flooded depth and flooded area. Especially, flood analysis error of population and assets in dense downtown is causing a big problem for establishments and disaster response of flood measures. It can lead to casualties and property damage. Urban flood analysis is divided into sewer flow analysis and surface inundation analysis. Accuracy is very important point of these analysis. In this study, to confirm the effects of the elevation data precision in the process of flooded analysis were studied using 10m DEM, LiDAR data and 1:1,000 digital map. Study area is Dorim-stream basin in the Darim drainage basin, Sinrim 3 drainage basin, Sinrim 4 drainage basin. Flooding simulation through 2010's heavy rain by using XP-SWMM. Result, from 10m DEM, shows wrong flood depth which is more than 1m. In particular, some of the overflow manhole is not seen occurrence. Accordingly, detailed surface data is very important factor and it should be very careful when using the 10m DEM.

Anatomical studies on pattern of branches of portal veins in Korean native cattle (한우문맥(韓牛門脈)의 분지(分枝)에 관한 해부학적(解剖學的) 연구(硏究))

  • Kim, Chong-sup
    • Korean Journal of Veterinary Research
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    • v.29 no.2
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    • pp.1-9
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    • 1989
  • The distribution of portal veins within the liver in 30 Korean native cattle were observed. Vinylite solution was injected into portal veins of eighteen specimens for cast preparation. The angiography was prepared in twelve specimens by injecting 30% barium sulfate solution into portal veins, and then radiographed on a X-ray apparatus(Shimadzu 800MA 120Kvp). The results were summarized as follow: 1. The Vena portae was divided immediately upon entering the liver into a very short Truncus dexter venae portae($14.75{\pm}4.86$ : 6.9~23.1mm) and a long Truncus sinister venae portae($94.16{\pm}9.62$ : 110~150mm). 2. The Truncus sinister venae portae runs of first in the long axis of the liver from the Porta hepatis toward the left lobe. At the boundary between the quadrate and left lobes it bends sharply 50 to 80 degrees toward the Incisura ligamentum teretis, and after a course of 36. 5 to 54.mm between the quadrate and left lobes, ends abruptly. The Truncus sinister venae portae is divided for description into the Pars transversa, from the Porta hepatis to the flexure, and the Pars umbilicalis, from the flexure to the end. 3. The branches of Venae portae were Ramus ventralis lobi sinistri, Ramus intermedius lobi sinistri, Ramus dorsalis lobi sinistri, Ramus lobi quadratii, Ramus ventralis lobi dextri, Ramus intermedius lobi dextri, Ramus dorsalis lobi dextri, Rami processus caudatorum and Rami processus papillarum. 4. The Ramus intermedius lobi sinistri was arised from the left surface of the Pars umbilicalis, and was origined on the common trunk with Ramus dorsalis lobi sinistri(3 cases, 10%) or Ramus ventralis lobi sinistri(3 cases, 10%). 5. The Rami lobi quadratii consisted of the vein(15 cases, 50%) or two veins(15 cases, 50%), and was observed on the arched-shaped at 2 cases (6.6%) of the liver. 6. The Rami processus caudatorum consisted of one vein(28 cases, 93.3%) or two veins(2 cases, 6.6%). The former were formed common trunk with R, dorsalis lobi dextri(7 cases, 23.3%) or R. ventralis lobi dextri (2 cases, 6.6%). 7. The Rami processus papillarum were arised from the dorsal border of Pars transversa, and also gave off many small branches supplied papillary process of the caudate lobe. 8. The anastomosis on the branches of Vena portae was observed in the intralobar and interlobar areas. 9. The Truncus dexter venae portae and Truncus sinister venae were ramified many secondary branches that were radiated within the liver. 10. On the diaphragmatic surface, small vessels of the portal veins were observed, while there were big ones on the visceral surface. 11. The ramified angles at Ramus dorsalis lobi dextri, Rami processus papillarum, Ramus dorsalis lobi sinistri, Ramus intermedius lobi sinistri, Ramus ventralis lobi sinistri, Rami lobi quadratii, Rami processus caudatorum, Ramus ventralis lobi dextri and Ramus intermedius were 10~50, 70~110, 100~150, 140~170, 185~220, 270~330, 240~300, 270~320 and 340~10 degrees, respectively.

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The Effect of Thatch Decomposing by Application with Composted Liquid Manure and Microorganism Medium in Golf Course Soil (배양미생물과 가축분뇨발효액비의 시비가 골프코스 토양 중 대취분해에 미치는 영향)

  • Ham, Suon Kyu;Lim, Ji Yeon;Lee, Yeong Min
    • Weed & Turfgrass Science
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    • v.3 no.4
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    • pp.342-346
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    • 2014
  • The purpose of this experiment is for investigating how much the amino acid liquid fertilizer and composted liquid manure, culture microorganism effect on the breeding of grasses and knowing the extent of the thatch content through an analysis of the soil. For testing about soil chemical, the quality of grasses, and the extent of the thatch content in the soil, we cultivated 6 kinds of microorganisms having the effect of thatch dissolution and sprayed these 6 microorganisms with composted liquid manure and the amino acid liquid fertilizer on the place Creeping bentgrass have planted. This conduction started from June to October, 2012 and 2013 (The interval: 2 weeks). In the result of the turf growth, there is no big difference between soil chemical and trace element. And we can know Leaf Color Index, Chlorophyll Index and Root Length are almost same as among treatment. In conclusion, the mixing fertilization of culture microorganism and composted liquid manure is better effective than the traditional fertilization. And it can be expected the effect of the quality of grass and Thatch decomposition in soil.

Meta-analysis of the Effects of Obesity Management Program for Children (국내 비만아동의 비만관리프로그램의 효과에 대한 메타분석)

  • Sung, Kyung-Suk;Yoon, Young-Mi;Kim, Eun-Joo
    • Child Health Nursing Research
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    • v.19 no.4
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    • pp.262-269
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    • 2013
  • Purpose: The aims of this study is to analysis the effects of obesity management programs for children and to measure the differences in the effects by type and dependent variables in order to analyze the structures of the programs. Methods: Sixty-one peer-reviewed journals including child obesity and intervention studies published between 2000 and 2010 were included for meta-analysis. Effect size and statistics of homogeneity were by STAT 10.0. Results: A total of 61 studies were used in the analysis, and the effect size of the independent studies was determined to be -0.23 (95% CI, -0.32 ~ -0.15). Serum Leptin and Insulin were the big effect size among the studies that used dependent variables. The theses used in the research did not display publishing bias. Conclusion: Obesity management programs that have been confirmed to be effective need to be developed into regional protocols. A continuous control of obese children and research for effective intervention program are in need.

The Comparative Analysis about the Firm Growth Between Large Enterprises and SMEs in the IT Companies located in Gyeonggi-do (경기지역 IT산업의 대·중소기업간 성장성 분석)

  • Yoon, Choong-Han;Son, Jong Chil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.4
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    • pp.2376-2381
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    • 2014
  • The necessity for co-prosperity between large and small businesses has emerged as a top policy priority as economic polarization has been exacerbated since the 2008 global financial crisis. Against this background this paper makes a detailed analysis of differences between SMEs (Small and Medium sized businesses) and large enterprises located in Gyeong-do, in respect of growth. The data set used in the analysis is the 15 year(1996-2010) panel data of IT companies (large enterprises: 80 data and SMEs: 437 data) collected from the KISVALUE database. The estimation results of Pooled OLS indicate that the coefficients representing corporate size are less than 1, which implies that the Gibrat's law, no correlation between the size of a firm and its growth rate, is not supported by the data. In the meantime, the estimated coefficients representing corporate age are negative, which implies that Jovanovic hypothesis, inverse correlation between the age and the growth rate of a firm, is consistent with the data. In short, SMEs, which are generally younger than big enterprises can achieve higher growth rate than the latter ones which are usually believed to be older. In addition, the more export- and innovation-oriented the firm, the higher its growth rates.

A Study on Highway Capacity Variation According to Snowfall Intensity (강설에 따른 고속도로 용량 변화에 관한 연구)

  • Son, Young Tae;Lee, Sang Hwa;Im, Ji Hee
    • Journal of Korean Society of Transportation
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    • v.31 no.6
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    • pp.3-11
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    • 2013
  • Under the consumption of bad weather situation affects traffic flows, the study scope is focused on highway capacity and speed variations among other highway traffic flow characteristic changes according to snowfall density. Thus, this study carried out through the data collection and statistical analysis by focusing on capacity and speed changes. Traffic volume, speed and density were selected as factors to explain the property change of a traffic flow for analysis, and 7 basic sections such as 3 highways in Gyeonggi-do and 4 highways near the meteorological observatory were selected as survey points for data collection. Snowfall levels were classified into 3 steps(Light, Medium, Heavy Snow) to analyze the capacity change by snowfall levels. As a result of analysis, the change of capacity depending on snowfall levels decreased 13.2% in case of light snow compared to a good weather, 18.6% in case of medium snow and 32.0% in case of heavy snow, so the capacity reduction rate increased as the snowfall level increased. The worsening weather appeared to have a very big possibility to act as a factor to reduce the operational efficiency of a road, so a road design and operation method considering this should be presented in the future.

The comparison of stand structure and tree growth btween the pasture area and the nearby deciduous forest (수목 존치 방목지와 주변 활엽수림의 임분 구조와 임목 생장 비교에 관한 연구)

  • 강성기;양희문;김지홍
    • Journal of Korea Foresty Energy
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    • v.21 no.2
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    • pp.51-61
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    • 2002
  • This study was conducted to investigate and compare species composition, stand structure, and growth pattern for two different sites in which silvopastoral system has been taking place. One site was the pasture area where a number of trees were removed and grasses were planted for cattle grazing, and the other site was the deciduous forest that has been established by ecological succession. The results were as follows: 1. Nine tree species were present equally in the pasture area and the deciduous forest. Of these species, seven tree species were growing in common for two sites. However, the species composition, including density and frequency, was varied by sites. 2. The number of stems per hectare in the pasture area was 71, and that in the deciduous forest was 1,433, having shown the big difference. It is estimated that, considering the growth rate, better grown trees were remained at the time of harvesting in 1996. 3. The growth of diameter, height, and basal area in the pasture area was superior to that in the nearby deciduous forest. In spite of higher values of diameter and height, the timber volume of pasture area per unit area was less than 15% of that in the deciduous forest. 4. Providing sufficient growing space, the pasture area supported higher values of diameter and height. The wider growing space also had influence on the expansion of crown of trees by the result of deliquescent growth pattern. From this point of view, more research would be needed to establish appropriate number of trees for silvopastoral system.

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