• The Journal of Asian Finance, Economics and Business
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• v.10 no.1
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• pp.31-40
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• 2023

This paper investigates the effect of independent directorship on the firm performance of Chinese listed companies under the impact of the global COVID-19 epidemic. The study starts by assessing the relationship between independent director-related characteristics and firm performance, then mines independent director characteristics variables, collects variable data, proposes reasonable hypotheses, and constructs a data model. 1597 companies listed on Shanghai and Shenzhen stock index, China, from 2020 to 2021 has been selected as the research sample. An empirical study on the relationship between independent directors' characteristics and firm performance was conducted using SPSS25. The results show that under the impact of the global COVID-19 epidemic, the proportion of independent directors on the board of directors, the age of independent directors, the remuneration of independent directors, and the overseas background of independent directors in Chinese listed companies have a negative relationship with the current firm performance, while the proportion of female independent directors and the part-time rate of independent directors do not have a positive effect on firm performance. The findings of this study strongly imply that independent directors' characteristics play a significant role in corporate governance and firm performance in Chinese listed companies and that the external environment has an impact on how well independent directors can carry out their duties.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.39
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• pp.59-85
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• 2008

An independent bank guarantee(aka an independent guarantee) is provided as an security on a principal obligor's performance of his obligation, and a guarantor should pay the guaranteed amount only upon a beneficiary's written demand. A standby letter of credit has been used in the United States, since it was construed that a bank should not issue a guarantee. There was wide misunderstanding that a standby letter of credit differs from an independent bank guarantee. However, a standby letter of credit is the same security as an independent bank guarantee, and in international business a standby letter of credit is not differentiated from a independent bank guarantee. An independent bank guarantee are independent from the underlying contract, unconditional, and irrevocable. And a guarantor should pay upon written demand without proving a principal obligor breaches the underlying contract. These features of an independent bank guarantee has been abused in international transactions. Thus it has been proposed that some exceptions to the features of an independent bank guarantee should be allowed. United Nations Convention on Independent Guarantees and Standby Letter of Credit(1995) stipulates some exceptions to payment obligation. Export bond insurance, a part of export insurances, operated by the Korea Export Insurance Corporation under the Export Insurance Act, is used as a security for unfair calling by a beneficiary under an independent bank guarantee. Most of the export subsides by the government are prohibited under WTO's Agreement on Subsidies and Countervailing Measures. However, as export insurance is allowed under the WTO, it operates a significant role in enhancing the export. In the event that export bond insurance is provided for a guarantor, an obligor who is subject to recourse by a guarantor, can be exempt from the recourse in case of unfair calling. The Korea Export Insurance Corporation, an insurer, bears unfair calling risk by a beneficiary. Generally it is understood that a demand shall be made before the expiry of an independent bank guarantee. However this is not absolutely true, it shall be decided by URDG, ISP98, the governing law.

• Proceedings of the KSRS Conference
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• 2003.11a
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• pp.496-498
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• 2003

Signal is composed of the independent components that can describe itself. These components can distinguish itself from any other signals and be extracted by analysis itself. This algorithm is called Independent Component Analysis (ICA) and image signal is considered as linear combination of independent components and features that is the weighted vector of independent component. This algorithm is already used in order to extract the good feature for image classification and very effective In this paper, we'll explain the method of stereo matching using independent component analysis and show the experimental result.

• Proceedings of the Korean Society of Computational and Applied Mathematics Conference
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• 2003.09a
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• pp.16.1-16
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• 2003

A subset S of vertices of a graph G is independent if no two vertices of S are adjacent by an edge in G. Also we say that S is maximal independent if it is contained In no larger independent set in G. A planted plane tree is a tree that is embedded in the plane and rooted at an end-vertex. A (k＋1) -valent tree is a planted plane tree in which each vertex has degree one or (k＋1). We classify maximal independent sets of (k＋1) -valent trees into two groups, namely, type A and type B maximal independent sets and consider specific independent sets of these trees. We study relations among these three types of independent sets. Using the relations, we count the number of all maximal independent sets of (k＋1) -valent trees with n vertices of degree (k＋1).

• The Transactions of the Korean Institute of Electrical Engineers D
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• v.52 no.1
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• pp.64-75
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• 2003

Medical image segmentation is the process by which an original image is partitioned into some homogeneous regions like bones, soft tissues, etc. This study demonstrates an automatic medical image segmentation technique based on independent component analysis. Independent component analysis is a generalization of principal component analysis which encodes the higher-order dependencies in the input in addition to the correlations. It extracts statistically independent components from input data. Use of automatic medical image segmentation technique using independent component analysis under the assumption that medical image consists of some statistically independent parts leads to a method that allows for more accurate segmentation of bones from CT data. The result of automatic segmentation using independent component analysis with square test data was evaluated using probability of error(PE) and ultimate measurement accuracy(UMA) value. It was also compared to a general segmentation method using threshold based on sensitivity(True Positive Rate), specificity(False Positive Rate) and mislabelling rate. The evaluation result was done statistical Paired-t test. Most of the results show that the automatic segmentation using independent component analysis has better result than general segmentation using threshold.

• Journal of the Korean Society for Library and Information Science
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• v.53 no.4
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• pp.399-418
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• 2019

In accordance with the recent expansion of collection operation of independent publications through public libraries, this study conducted a status analysis on independent publications collection in public libraries and in-depth interviews with staff in charge of independent publications in order to suggest ways to effectively manage independent publications. As a result, it was deduced that the measures needed for effective management of independent publications are construction of joint cataloging system for building and sharing independent publications catalog in public libraries; platform for collecting various information of independent publications; support for ISBN, ISSN, CIP issuance of independent publications; and improvement of distribution system.

• Education of Primary School Mathematics
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• v.18 no.2
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• pp.77-89
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• 2015

In this study, an 'Independent Study Checklist' for gifted mathematics students was developed and applied. The characteristics shown in the results after the 'Independent Study Checklist' was applied to mathematics gifted students were analysed. The checklist was divided into six phases of the independent study process and included checking contents at each stage. Observations, student interviews and results of the process of 'Independent Study' were collected and analysed to understand the characteristics of students' outcomes. The results from the application of the 'Independent Study Checklist' suggest the followings. First, the 'Independent Study Checklist' took the role of a self-check list to identify the process of the 'Independent Study'. Second, the check points of the 'Independent Study Checklist' presented the view of discussion to gifted students. Third, the 'Independent Study Checklist' was used as teaching material for teachers of gifted students. Fourth, 'Independent Study Checklist' was optionally used according student's study topics and method. Fifth, the checklist at each phase was continuously used during the whole process of 'Independent Study'. The teachers' interest and encouragement took the role of facilitating students' study process.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.71
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• pp.85-105
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• 2016

Independent guarantee is new financial product developed in international commercial transaction. The nature of independent guarantee is an independent undertaking, which takes the form of documentary transaction. As long as the documents presented by the beneficiary are on their face complying with the terms and conditions of the guarantee, the guarantor is obliged to pay upon the complying presentation. Where parties choose to apply for issue of independent guarantee in international commercial transactions in China, Chinese court shall respect the autonomy of parties. If either the guarantor or the beneficiary is located outside of China, or the facts which cause the establishment, change or cancellation of independent guarantee relationship occurred outside of China, it shall be deemed as foreign related independent guarantee. If the interested parties requests for confirmation of the independence of foreign related independent guarantee, it shall be supported by Chinese court. However, parties dealing with Chinese domestic commercial transaction have not fully realized the severity of independent guarantee liability. The market credit is being cultivated and the financial innovation is being explored at present in China. In order to guard against the systematic and the regional financial risk, before relevant rules are promulgated, Chinese court shall not recognize the independence guarantees issued for the domestic commercial transaction, but treat it as joint liability surety.

• Proceedings of the Korea Technology Innovation Society Conference
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• 2006.11a
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• pp.59-75
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• 2006

Independent innovation is the key factor to enhance competitiveness in China auto industry. This article is based on current status analysis of China auto industry independent innovation and it points out the problems and causes that exist in the independent innovation process. It also proposes policy and suggestions to accelerate cultivation of independent innovation in China auto industry.

• Journal of Korean Institute of Industrial Engineers
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• v.20 no.4
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• pp.65-72
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• 1994

An independent set of nodes is a set of nodes no two of which are joined by an edge. An independent set is called maximal if no more nodes can be added to the set without destroying its independence. The greatest number of maximal independent set is the maximum possible number of maximal independent set of a graph. We consider the greatest number of maximal independent set in connected graphs with fixed numbers of edges and nodes. For arbitrary number of nodes with a certain class of number of edges, we present the connected graphs with the greatest number of maximal independent set. For a given class of number of edges, the structure of graphs with the greatest number of maximal independent set is that the two components are completely joined; one consists of disjoint triangles as many as possible and the other is the complete graph with remaining nodes.