• Title/Summary/Keyword: Event Windows

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Distribution Information Technology Investment and the Market Value of the Firm : Focusing on RFID case (한국에서 유통정보기술 투자가 주가에 미치는 영향에 관한 연구 : RFID 사례를 중심으로)

  • Son, Sam-Ho
    • Journal of Distribution Science
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    • v.16 no.10
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    • pp.65-76
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    • 2018
  • Purpose - This paper investigates how the market value of the firms are impacted by distribution information technology investment in Korea over time and across markets, industries and project characteristics. This is the first empirical study on the market payoffs from the RFID investment in Korea. The purpose of this study is to provide a appropriate guideline for investors and practitioners with respect to the announcement representing RFID adoption in Korea. This reaction guideline will stimulate the practitioners to monitor and evaluate the benefits and costs of the innovative RFID technology. Research design, data, and methodology - This paper employs event study methodology to analyze the payoffs from distribution information technology investment announcements over a fifteen-year period from 2003 to 2017. Event study method is based on the assumptions such as market efficiency, unanticipated RFID invest announcements and no confounding effects in the data. This study collected the information on RFID investment announcements by using a full text search engine Bigkinds provided by Korea Press Foundation over a fifteen-year period from January 2003 through December 2017. This paper selected 88 announcements representing RFID adoption by 46 firms. This paper estimated the payoffs from RFID investment announcement through events windows by using the market model of Mcwilliams and Siegel (1997) and calculated the Z-values. Using this test statistics we could infer if RFID adoption make large differences in abnormal returns across various classifications of the firms. Results - There is significant positive market returns from the announcement representing distribution information technology investment in the pre-2009 time period, the significances of payoffs disappear in the post-2009 time period. For this reason investors or practitioners can understand the importance of market entry time and the fact that the greater rewards may belong to early innovators while late imitators cannot reap such a rewards. This paper also find that there is a large differences in the payoffs from the announcement across markets, industries and project characteristics. Conclusions - Analysing the selected sample of 88 announcements representing RFID Adoption over fifteen-year period from 2003 to 2017, this study find that there is not only significant abnormal excess returns from RFID investment announcements but also there is great differences in the abnormal returns over time and across firm sizes or affiliated markets, industries, and project characteristics. This means that there are considerable values for the investors across various firm classifications. The findings of this paper provide useful implications for the practitioners to make judicious decisions whether to adopt the innovative technologies in general or not considering the various concrete circumstances in Korea.

The Perceived Symptom and Preventive Behavior Related to Asian Dust Event: in South Korean and Chinese (한국인과 중국인의 황사로 인한 자각증상 및 예방행동)

  • Chang, Moon-Hee;Ha, Eun-Hee;Suh, Young-Ju;Lee, Bo-Eun;Kwon, Ho-Jang;Hwang, Seong-Sik;Li, Zhong-Min;Seo, Ju-Hee;Kim, Byung-Mi
    • Journal of Korean Society for Atmospheric Environment
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    • v.25 no.1
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    • pp.26-37
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    • 2009
  • Recently rapid environmental changes due to desertification and industrialization in China make a threat to Korea, especially during Asian Dust Event (ADE). This study was aimed to compare symptoms and behaviors related to ADE between Korea and China. We conducted questionnaires on self-reported symptoms and behaviors before and during ADE. Korean and Chinese subjects were grouped into children, adults, and elderly by nation (n=791). Statistical analyses were performed by $X^2$-test, Fisher's exact test, t-test and chow's test for comparing differences between Korean and Chinese. We estimated the odds ratio for perceived symptoms during ADE by preventive behavior, using Generalized Estimation Equation (GEE). The study indicated that there were significant differences between symptoms in Korea and those in China such as cold, cough, and sore throat, especially in elderly. Preventive behaviors such as avoiding outdoor activity and wearing sunglasses were more often performed in China than Korea. However wearing mask was more often performed in Korea than China. After adjusting for age, sex, educational level, and smoking status, the odds ratio (OR) of dry cough symptom in Korea was significantly decreased by closing the windows and wearing a mask during ADE. In China, the OR of dry cough symptom was decreased by wearing a mask and avoiding outdoor activity. We found that China which had higher performance of preventive behavior showed lower prevalence of symptoms during ADE than Korea. Also preventive behaviors could affects prevalence of symptoms during ADE. This results suggest that preventive behavior. could reduce symptoms during ADE and there are needed for. more attentions to reduce a threat of ADE.

The Analysis of Long Term Performance of Initial Public Offerings in KOSDAQ Market (코스닥시장에서의 신규공모주의 장기성과 분석 -수요예측제도 도입 후를 중심으로-)

  • Shin, Yeon-Soo;Sheo, Chung-Won;Shin, Young-Jae
    • Management & Information Systems Review
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    • v.28 no.1
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    • pp.25-44
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    • 2009
  • This study examines long term performance of initial public offerings(IPO) after book building was introduced in KOSDAQ market. We use event time portfolio approach and calendar time portfolio approach to test if the performance of IPO is fair or not in long term. We estimate the performance by using the BHAR(buy and hold abnormal return), CAR(cumulative abnormal return), WR(wealth relatives) model in event time portfolio approach. And we calculate the performance by using Fama-French three factor model, CTAR(calendar time abnormal return), RATS(Return Across Time and Securities approach) model in calendar time portfolio approach. This study shows that the long term performance of IPO is positive with statistical significance as the results of the analysis through the various research method and all windows in all kinds of firms and total firms.

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A Study on Image Acquisition and Usage Trace Analysis of Stick-PC (Stick-PC의 이미지 수집 및 사용흔적 분석에 대한 연구)

  • Lee, Han Hyoung;Bang, Seung Gyu;Baek, Hyun Woo;Jeong, Doo Won;Lee, Sang Jin
    • KIPS Transactions on Computer and Communication Systems
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    • v.6 no.7
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    • pp.307-314
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    • 2017
  • Stick-PC is small and portable, So it can be used like a desktop if you connect it to a display device such as a monitor or TV anytime and anywhere. Accordingly, Stick-PC can related to various crimes, and various evidence may remain. Stick-PC uses the same Windows version of the operating system as the regular Desktop, the artifacts to be analyzed are the same. However, unlike the Desktop, it can be used as a meaningful information for forensic investigation if it is possible to identify the actual user and trace the usage by finding the traces of peripheral devices before analyzing the system due to the mobility. In this paper, We presents a method of collecting images using Bootable OS, which is one of the image collection methods of Stick-PC. In addition, we show how to analyze the trace of peripheral connection and network connection trace such as Display, Bluetooth through the registry and event log, and suggest the application method from the forensic point of view through experimental scenario.

AUGMENTING WFIRST MICROLENSING WITH A GROUND-BASED TELESCOPE NETWORK

  • ZHU, WEI;GOULD, ANDREW
    • Journal of The Korean Astronomical Society
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    • v.49 no.3
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    • pp.93-107
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    • 2016
  • Augmenting the Wide Field Infrared Survey Telescope (WFIRST) microlensing campaigns with intensive observations from a ground-based network of wide-field survey telescopes would have several major advantages. First, it would enable full two-dimensional (2-D) vector microlens parallax measurements for a substantial fraction of low-mass lenses as well as planetary and binary events that show caustic crossing features. For a significant fraction of the free-floating planet (FFP) events and all caustic-crossing planetary/binary events, these 2-D parallax measurements directly lead to complete solutions (mass, distance, transverse velocity) of the lens object (or lens system). For even more events, the complementary ground-based observations will yield 1-D parallax measurements. Together with the 1-D parallaxes from WFIRST alone, they can probe the entire mass range M ≳ M. For luminous lenses, such 1-D parallax measurements can be promoted to complete solutions (mass, distance, transverse velocity) by high-resolution imaging. This would provide crucial information not only about the hosts of planets and other lenses, but also enable a much more precise Galactic model. Other benefits of such a survey include improved understanding of binaries (particularly with low mass primaries), and sensitivity to distant ice-giant and gas-giant companions of WFIRST lenses that cannot be detected by WFIRST itself due to its restricted observing windows. Existing ground-based microlensing surveys can be employed if WFIRST is pointed at lower-extinction fields than is currently envisaged. This would come at some cost to the event rate. Therefore the benefits of improved characterization of lenses must be weighed against these costs.

The Post-occupancy Evaluation of Roofgarden at Hospital - A Case Study of Asan Medical Center - (병원 옥상정원의 이용후 평가 - 서울아산병원을 대상으로 -)

  • 김인혜;허근영;최아현;김유일
    • Journal of the Korean Institute of Landscape Architecture
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    • v.31 no.5
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    • pp.58-72
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    • 2003
  • Rooftop greenery has been used as a way to solve urban environmental problems by creating green space in densely populated cities. This study was carried out to suggest more effective designs for roof-garden at hospitals through a post-occupancy evaluation. The roofgarden of Asan Medical Center was evaluated with regards to setting, proximate environmental context, users, and design activity by a multi-method including plan investigations, observations, in-depth interviews and questionnaires. The results are summarized as follows; the users' main activities included resting, walking, and talking. A number of users were observed at shaded spaces sitting on such things as benches, pergolas, and shelters. The satisfaction of the users showed high satisfaction level except in the amount of shade, facilities, and shelter. The variables affecting a overall satisfaction were ‘accessibility’, ‘safety’, ‘quality of surroundings’, and ‘suitability for speculation’. By comparing the design concept with using pattern, designer's intention was not reflected sufficiently in several aspects such as ‘event deck for therapy programs’, ‘grove and path’, and ‘low planters’. This study suggests some design implications; it is necessary to furnish shaded sitting places for passive behaviors and pathways for walking or a light exercise. A wind-break wall with glass windows could widen the users' views in a limited space. Natural shade like tree shade or pergola are more desirable than artificial shades. As for the vertical location of the roofgarden, the middle floor could be better than top area for accessibility. Characteristics of building and users should be considered in detail to provide distinct spaces. Proper technical standards for the greening of artificial ground should be established.

Development of lane-level location data exchange framework based on high-precision digital map (정밀전자지도 기반의 차로 수준의 위치정보 교환 프레임워크 개발)

  • Yang, Inchul;Jeon, Woo Hoon
    • Journal of Digital Contents Society
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    • v.19 no.8
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    • pp.1617-1623
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    • 2018
  • It is necessary to develop a next generation location referencing method with higher accuracy as advanced technologies such as autonomous vehicles require higher accuracy of location data. Thus, we proposed a framework for a lane-level location referencing method (L-LRM) based on high-precision digital road network map, and developed a tool which is capable of analyzing and evaluating the proposed method. Firstly, the necessity and definition of location referencing method was presented, followed by the proposal of an L-LRM framework with a fundamental structure of high-precision digital road network map for the method. Secondly, an architecture of the analysis and evaluation tool was described and then the Windows application program was developed using C/C++ programming language. Finally, we demonstrated the performance of the proposed framework and the application program using two different high precision digital maps with randomly generated road event data.

A Study on the Serialized Event Sharing System for Multiple Telecomputing User Environments (원격.다원 사용자 환경에서의 순차적 이벤트 공유기에 관한 연구)

  • 유영진;오용선
    • Proceedings of the Korea Contents Association Conference
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    • 2003.05a
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    • pp.344-350
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    • 2003
  • In this paper, we propose a novel sharing method ordering the events occurring between users collaborated with the common telecomputing environment. We realize the sharing method with multimedia data to improve the coworking effect using teleprocessing network. This sharing method advances the efficiency of communicating projects such as remote education, tele-conference, and co-authoring of multimedia contents by offering conveniences of presentation, group authoring, common management, and transient event productions of the users. As for the conventional sharing white board system, all the multimedia contents segments should be authored by the exclusive program, and we cannot use any existing contents or program. Moreover we suffer from the problem that ordering error occurs in the teleprocessing operation because we do not have any line-up technology for the input ordering of commands. Therefore we develop a method of retrieving input and output events from the windows system and the message hooking technology which transmits between programs in the operating system In addition, we realize the allocation technology of the processing results for all sharing users of the distributed computing environment without any error. Our sharing technology should contribute to improve the face-to-face coworking efficiency for multimedia contents authoring, common blackboard system in the area of remote educations, and presentation display in visual conference.

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Characteristics of Indoor Particulate Matter Concentrations by Size at an Apartment House During Dusty-Day (황사 발생시 아파트 실내에서 미세먼지 크기별 농도 특성)

  • Joo, Sang-Woo;Ji, Jun-Ho
    • Particle and aerosol research
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    • v.15 no.1
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    • pp.37-44
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    • 2019
  • It is recommended for the public to stay at home and to close the doors and windows when a high-particulate-matter environment such as a yellow sand event occurs outside. However, there are lack of empirical studies describing how much outdoor PM infiltrates into a closed house and how much indoor PM an inhabitant is exposed to during the period. In this study, the $PM_{10}$ and $PM_{2.5}$ were measured at the kitchen in an apartment house by an optical particle counter for 3 days including a yellow sand event. The outdoor PMs and the outdoor wind speeds were referred from surrounding weather stations. We analyzed the penetration of $PM_{10-2.5}$ and $PM_{2.5}$ at the test house against the outdoor wind speed supposed corresponding to the change of air exchange rate. In addition, the effect of an indoor activity on change in the indoor PM was investigated. In result, the indoor $PM_{10-2.5}$ was very low even a yellow sand event occurred outside; rather, a contribution of indoor activities to increase in $PM_{10-2.5}$ was higher. In contrast, the indoor $PM_{2.5}$ fluctuated following the outdoor $PM_{2.5}$ trend at high wind speeds or remained almost constant at low wind speed.

A Study on ICS Security Information Collection Method Using CTI Model (CTI 모델 활용 제어시스템 보안정보 수집 방안 연구)

  • Choi, Jongwon;Kim, Yesol;Min, Byung-gil
    • Journal of the Korea Institute of Information Security & Cryptology
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    • v.28 no.2
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    • pp.471-484
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    • 2018
  • Recently, cyber threats are frequently occurring in ICS(industrial control systems) of government agencies, infrastructure, and manufacturing companies. In order to cope with such cyber threats, it is necessary to apply CTI to ICS. For this purpose, a security information collection system is needed. However, it is difficult to install security solution in control devices such as PLC. Therefor, it is difficult to collect security information of ICS. In addition, there is a problem that the security information format generated in various assets is different. Therefore, in this paper, we propose an efficient method to collect ICS security information. We utilize CybOX/STIX/TAXII CTI models that are easy to apply to ICS. Using this model, we designed the formats to collect security information of ICS assets. We created formats for system logs, IDS logs, and EWS application logs of ICS assets using Windows and Linux. In addition, we designed and implemented a security information collection system that reflects the designed formats. This system can be used to apply monitoring system and CTI to future ICS.