• Title/Summary/Keyword: M&A

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Financial Performance of M&A: Focusing on E-commerce Companies in China (M&A 기업성과: 중국 전자상거래 기업을 중심으로)

  • Zhang, Cong;Jin, Shanyue
    • Journal of Digital Convergence
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    • v.20 no.4
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    • pp.119-126
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    • 2022
  • With the rise and rapid development of the "Internet+" economic model, the internet is deeply integrated with the social economy and penetrates every corner of life. Compared with expanding the scale of business operations through internal investment and capital accumulation, e-commerce companies are more inclined to directly gain control of other companies through efficient merger and acquisition (M&A). The purpose of this study is to analyze changes in financial performance before and after M&A of Alibaba, China's largest e-commerce company in the Internet era. To present the impact of M&A events on Alibaba's stock price and shareholder wealth more intuitively, this study selected the market model in the event study method to measure abnormal returns. The results show that an M&A event led to a reduction in Alibaba's shareholder wealth in the short term. This study presents the theoretical basis for the M&A performance of e-commerce companies.

Inoformation Compression of Myoelectric M-wave Evoked by Electrical Stimulus using AR Model (AR 모델을 이용한 전기자극에 대한 근신호 M -wave의 정보압축)

  • 김덕영;박종환;김성환
    • Journal of Biomedical Engineering Research
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    • v.20 no.3
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    • pp.307-314
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    • 1999
  • This paper describes an informatlon compression of electrically evoked myoelectric signal, M-wave. This wave shows a direct response m lato-response of nerve conductlQn study and has a characteristic with finite time support. M-wave is a useful factor for investing neurodi~ease and is often desirable to have a compact description of its shape and time evolution. The aim of this paper is to show that the AR modeling IS a effective method for compressing an information of M-wave. First, AR model parameters of real M-wave are estimated. And then. they are verified by approximatmg a M-wave using estimated AR parameters and by comparing to other melhod, Hermite tlansform[4]. To concretely evaluate the proposed method, the NMSE(normalized mean square error) of approximation curves are compared. As a result, AR modeling is effective for M-wave assessment because of its capability for the information compression.

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A Research of the suitable Area and Module in Elementary School Classroom - Focusing on Elementary Schools of Northern Province of Gyeonggi-do - (초등학교 일반교실의 필요 면적과 모듈에 관한 연구 - 경기북부지역 초등학교를 중심으로-)

  • Yoon, Hee-Cheol
    • The Journal of Sustainable Design and Educational Environment Research
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    • v.20 no.3
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    • pp.1-10
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    • 2021
  • Before long the number of Elementary School students per class will be 20 in Korea, but the current Area and Module of Elementary School are planned for 30 students. Therefore, necessary Area and Module for less than 20 students should be prepared. The purpose of this research is to find out necessary Area and Module for less than 20 students in Elementary School Classroom. I researched 60 Classrooms of 10 Elementary Schools before 2 researches of mine, and researched the sizes of every path in the classrooms. With the Plans for 20 students, I found the conclusion as follows: First, the one-way class requires a minimum of 5.4m×8.1m (43.74m2), a maximum of 5.4m×8.7m (48.6m2). Second, the 3-row alignment class requires a minimum of 7.2m×7.2m (51.84m2), a maximum of 7.5m×7.5m (56.25m2). Third, the group study class requires a minimum of 6.0m×8.7m (52.2m2), a maximum of 6.3m×9.3m (58.59m2). Fourth, the group study class requires a minimum of 2.34m2, a maximum of 14.85m2 more than the one-way class. Fifth, the suitable module which fits both 2-row alignment class and group study class except the 3-row alignment class is 6.0m×8.7m (52.2m2).

벤처기업 M&A 활성화를 위한 스킬과 방법

  • U, Seung-Ho
    • Venture DIGEST
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    • s.114
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    • pp.24-26
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    • 2008
  • M&A(기업 인수.합병)가 활발하다. M&A에 대한부정적 인식이 사라진 듯 하다. 그러나 현실 속에 한 발을 내디디면 커다란 벽에부닥친다. 최근 필자가 만난 한 벤처 기업 CEO는 "M&A에 대한 필요성은 느낀다. 하지만 방법을 잘 모르겠다. 잘 할자신도 없다. 팔때는 헐값에 넘기는 것 같고,살 때는 속아서 비싸게 사는 것 같다"고 솔직한 심정을 털어놓았다. 개인과 마찬가지로 기업도 성장하는 과정에서 만나는 고비와 장애물을 뛰어 넘어 한 단계 업그레이드 되는 계기가 있게 마련이다. M&A는 앞에 놓여있는 장애물을 뛰어넘기 위한 지렛대일 수도 있고,도움닫기에 필요한 뜀틀이 될 수도 있고, 화학적 반응을 촉진시키는 촉매제로도 활용가능하다. 그렇다면 벤처기업이 M&A를 잘할 수 있는기술과 방법은 어떤 것일까. M&A의 기술과 방법은 다양한 전략과 전술을섞어 수십 가지 경우의 수도 만들 수 있다. 그러나 지난 10년 동안기업 M&A를 옆에서 지켜봐온 필자의 입장에서 모든 전략과 전술에 앞선 핵심요소는 최대주주의 '욕심 버리기'와 솔직함 이다. 최대주주가 회사에 대한 솔직한 평가를 내리고,본인의 욕심을 조금만 양보하면 가장 적절한 가격과 조건에 회사를 키울수 있는 M&A가 가능하다.

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REPEATED-ROOT CONSTACYCLIC CODES OF LENGTH 2ps OVER GALOIS RINGS

  • Klin-eam, Chakkrid;Sriwirach, Wateekorn
    • Bulletin of the Korean Mathematical Society
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    • v.56 no.1
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    • pp.131-150
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    • 2019
  • In this paper, we consider the structure of ${\gamma}$-constacyclic codes of length $2p^s$ over the Galois ring $GR(p^a,m)$ for any unit ${\gamma}$ of the form ${\xi}_0+p{\xi}_1+p^2z$, where $z{\in}GR(p^a,m)$ and ${\xi}_0$, ${\xi}_1$ are nonzero elements of the set ${\mathcal{T}}(p,m)$. Here ${\mathcal{T}}(p,m)$ denotes a complete set of representatives of the cosets ${\frac{GR(p^a,m)}{pGR(p^a,m)}}={\mathbb{F}}p^m$ in $GR(p^a,m)$. When ${\gamma}$ is not a square, the rings ${\mathcal{R}}_p(a,m,{\gamma})=\frac{GR(p^a,m)[x]}{{\langle}x^2p^s-{\gamma}{\rangle}}$ is a chain ring with maximal ideal ${\langle}x^2-{\delta}{\rangle}$, where ${\delta}p^s={\xi}_0$, and the number of codewords of ${\gamma}$-constacyclic code are provided. Furthermore, the self-orthogonal and self-dual ${\gamma}$-constacyclic codes of length $2p^s$ over $GR(p^a,m)$ are also established. Finally, we determine the Rosenbloom-Tsfasman (RT) distances and weight distributions of all such codes.

Plasmid-Mediated Arsenical and Antimonial Resistance Determinants (ars) of Pseudomonas sp. KM20

  • Yoon, Kyung-Pyo
    • Journal of Microbiology and Biotechnology
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    • v.12 no.1
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    • pp.31-38
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    • 2002
  • Bacteria have evolved various types of resistance mechanism to toxic heavy metals, such as arsenic and antimony. An arsenical and antimonial resistant bacterium was isolated from a shallow creek draining a coal-mining area near Taebaek City, in Kangwon-Do, Korea. The isolated bacterium was identified and named as Pseudomonas sp. KM20 after biochemical and physiological studies were conducted. A plasmid was identified and its function was studied. Original cells harboring the plasmid were able to grow in the presence of 15 mM sodium arsenite, while the plasmid-cured (plasmidless) strain was sensitive to as little as 0.5 mM sodium arsenate. These results indicated that the plasmid of Pseudomonas sp. KM20 does indeed encode the arsenic resistance determinant. In growth experiments, prior exposure to 0.1 mM arsenate allowed immediate growth when they were challenged with 5 mM arsenate, 5 mM arsenite, or 0.1 mM antimonite. These results suggested that the arsenate, arsenite, and antimonite resistance determinants of Pseudomonas sp. KM20 plasmid were indeed inducible. When induced, plasmid-bearing resistance cells showed a decreased accumulation $of\;73^As$ and showed an enhanced efflux $of\;^73As$. These results suggested that plasmid encoded a transport system that extruded the toxic metalloids, resulting in the lowering of the intracellular concentration of toxic oxyanion. In a Southern blot study, hybridization with an E. coli R773 arsA-specific probe strongly suggested the absence of an arsA cistron in the plasmid-associated arsenical and antimonial resistance determinant of Pseudomonas sp. KM20.

A new function of glucocorticoid receptor: regulation of mRNA stability

  • Park, Ok Hyun;Do, Eunjin;Kim, Yoon Ki
    • BMB Reports
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    • v.48 no.7
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    • pp.367-368
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    • 2015
  • It has long been thought that glucocorticoid receptor (GR) functions as a DNA-binding transcription factor in response to its ligand (a glucocorticoid) and thus regulates various cellular and physiological processes. It is also known that GR can bind not only to DNA but also to mRNA; this observation points to the possible role of GR in mRNA metabolism. Recent data revealed a molecular mechanism by which binding of GR to target mRNA elicits rapid mRNA degradation. GR binds to specific RNA sequences regardless of the presence of a ligand. In the presence of a ligand, however, the mRNA-associated GR can recruit PNRC2 and UPF1, both of which are specific factors involved in nonsense-mediated mRNA decay (NMD). PNRC2 then recruits the decapping complex, consequently promoting mRNA degradation. This mode of mRNA decay is termed "GR-mediated mRNA decay" (GMD). Further research demonstrated that GMD plays a critical role in chemotaxis of immune cells by targeting CCL2 mRNA. All these observations provide molecular insights into a previously unappreciated function of GR in posttranscriptional regulation of gene expression. [BMB Reports 2015; 48(7): 367-368]

ON Φ-FLAT MODULES AND Φ-PRÜFER RINGS

  • Zhao, Wei
    • Journal of the Korean Mathematical Society
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    • v.55 no.5
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    • pp.1221-1233
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    • 2018
  • Let R be a commutative ring with non-zero identity and let NN(R) = {I | I is a nonnil ideal of R}. Let M be an R-module and let ${\phi}-tor(M)=\{x{\in}M{\mid}Ix=0\text{ for some }I{\in}NN(R)\}$. If ${\phi}or(M)=M$, then M is called a ${\phi}$-torsion module. An R-module M is said to be ${\phi}$-flat, if $0{\rightarrow}{A{\otimes}_R}\;{M{\rightarrow}B{\otimes}_R}\;{M{\rightarrow}C{\otimes}_R}\;M{\rightarrow}0$ is an exact R-sequence, for any exact sequence of R-modules $0{\rightarrow}A{\rightarrow}B{\rightarrow}C{\rightarrow}0$, where C is ${\phi}$-torsion. In this paper, the concepts of NRD-submodules and NP-submodules are introduced, and the ${\phi}$-flat modules over a ${\phi}-Pr{\ddot{u}}fer$ ring are investigated.

CHARACTERIZATION OF WEAKLY COFINITE LOCAL COHOMOLOGY MODULES

  • Moharram Aghapournahr;Marziye Hatamkhani
    • Bulletin of the Korean Mathematical Society
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    • v.60 no.3
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    • pp.637-647
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    • 2023
  • Let R be a commutative Noetherian ring, 𝔞 an ideal of R, M an arbitrary R-module and X a finite R-module. We prove a characterization for Hi𝔞(M) and Hi𝔞(X, M) to be 𝔞-weakly cofinite for all i, whenever one of the following cases holds: (a) ara(𝔞) ≤ 1, (b) dim R/𝔞 ≤ 1 or (c) dim R ≤ 2. We also prove that, if M is a weakly Laskerian R-module, then Hi𝔞(X, M) is 𝔞-weakly cofinite for all i, whenever dim X ≤ 2 or dim M ≤ 2 (resp. (R, m) a local ring and dim X ≤ 3 or dim M ≤ 3). Let d = dim M < ∞, we prove an equivalent condition for top local cohomology module Hd𝔞(M) to be weakly Artinian.

A remote device authentication scheme in M2M communications (M2M 통신에서 원격장치 인증 기법)

  • Lee, Song-Hee;Park, Nam-Sup;Lee, Keun-Ho
    • Journal of Digital Convergence
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    • v.11 no.2
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    • pp.309-316
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    • 2013
  • Machine-to-machine (M2M) communication occurs when devices exchange information independent of human intervention. Prominent among the technical challenges to M2M communication are security issues, such as eavesdropping, spoofing, modification, and privacy violation. Hence, it is very important to establish secure communication. In this paper, we propose a remote authentication scheme, based on dynamic ID, which provides secure communication while avoiding exposure of data through authentication between the M2M domain and the network domain in the M2M architecture. We then prove the correctness and security of the proposed scheme using a logic-based formal method.