• Title/Summary/Keyword: M30

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An Empirical Analysis of Stock Price Reaction to M&A in Liner Shipping Companies (정기선사 M&A와 주가수익률 실증분석)

  • Park, Seon-Na;Lee, Ki-Hwan
    • Journal of Korea Port Economic Association
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    • v.28 no.1
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    • pp.179-201
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    • 2012
  • Since 1993, M&A activities have been frequent in Liner shipping market. This study examines the effect of M&A on stock price reaction for acquiring firms listed on the market. The study covers the period from 1993 to 2009 and uses 61 daily closing prices of the acquiring firms before and after the M&A announcement day and is analyzed through the market-adjusted model in an event study. After calculating short-term performance using abnormal returns(AR) and cumulative average abnormal returns(CAR) before and after 30 days from the day of event, the results on the test show that the firm's values slightly increased through the M&A, but it does not attest to the statistical significance. In addition, this study investigates the AR difference between estimating windows and post-event windows for the 3 cases of each period before and after 30 days, 15 days, and 7 days from the event day to analyse the impact of M&A on the addition of acquiring firm's value. Our findings suggest that the M&A between Liner shipping companies is targeted for the long-term business strategy instead of the instant rise in the value of the firm involved.

Biodegradation Characteristics of Toluene in a Soil-Bioreactor (토양생물반응기내 Toluene의 분해 특성)

  • Kim, Chul Kyung
    • Clean Technology
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    • v.8 no.4
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    • pp.199-203
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    • 2002
  • To investigate the optimal conditions for biodegradation of toluene by Pseudomonas fluorescens KCTC 1767 in a batch soil-bioreactor, the effects of rpm change from 60 to 180, and temperature change from $15^{\circ}C$ to $30^{\circ}C$ in a batch culture and the flow rate change from 55 mL/min to 85 mL/Min in soil-bioreactor on the biodegradation of toluene were studied. In a batch culture the optimal operating conditons were 60 rpm, and $30^{\circ}C$ at initial pH 7, In a soil-bioreactor the optimal flow rate was 55 mL/min in the flow rate of circulation. The lower flow rate of circulation may help to biodegrade toluene adsorped in soil and dissolved in underground water.

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Precision Analysis of GPS Surveying Using Continuos Stations (상시관측소의 데이터를 이용한 GPS측량의 정밀도분석)

  • Choi, Byoung-Gil;Kim, Young-Kon;Ko, Jung-Kyu
    • Journal of Korean Society for Geospatial Information Science
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    • v.10 no.4 s.22
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    • pp.61-67
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    • 2002
  • This study is aimed to suggest a practical use of GPS continuous stations by conducting the precision analysis using its data. Currently dozens of continuous stations have been installed and operated since the first GPS continuous station built by KAO(Korea Astronomy Observation) in 1985. The utilization of the surveyed information, however, has been under-developed regardless of a significant investment, which leads the necessity of utilization plan. The results of this study show that the mis-closures between the two points at University of Incheon and Suwon/Seoul stations of NGI(National Geography Institute), Seoul stat ion of KAO, and Incheon station of MOGAHA(Ministry Of Government Administration and Home Affairs) are 0.0206m, 0.0118m, 0.0129m and 0.0024m respectively. It indicates that the analyzed mis-closures were less than the allowed values ill the primary/secondary control point specification for GPS surveying, i.e. a mis-closure less than 30mm for the distance less than 30km and a mis-closure less than $IPPM{\times}D(km)$ for the distance greater than 30km.

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A Study on Optimum Mating Ratio of Broiler Breeders to Maximize Fertility and Hatchability of Eggs (수정ㆍ부화율 향상을 위한 적정 배웅비 결정 연구)

  • 이봉덕;박창식;장애무;이경우
    • Korean Journal of Poultry Science
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    • v.30 no.2
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    • pp.95-99
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    • 2003
  • A total of 112 male and 1208 female Ross broiler breeders (30-wk-old) were used in this study to investigate whether a male to female (M/F) ratio of broiler breeder chickens may influence fertility and hatchability of hatching eggs. There were three treatments, each consisting of four pens with a size of 3.2 m ${\times}$ 6.4 m. Each pen housed approx. 100 females and 10 males to give the M/F ratio as follows: T1, 1/9; T2, 1/11; and T3, 1/13, respectively. The fertility of broiler breeder eggs ranged between 93 to 94% at 30 wk of age. At 35 wk of age, breeder eggs from T3 tended to be less fertile (P>0.05) than those from T1 and T2. The low fertility observed in T3 at 35 wk of age further reduced to reach a statistical significance at 46 wk of age (P<0.05) when compared to those of T1 and T2. Hatchability of breeder eggs among treatments tended to follow a similar trend as shown in fertility, keeping hatchability of breeder eggs from T3 low when compared to the groups of T1 and T2. Our results indicated that the M/F ratio influenced fertility and consequently hatchability of breeder eggs. Furthermore, our study suggests that either 1/9 or 1/11 M/F ratio, but not 1/13 M/F ratio, seems suitable to sustain reproductive performance of broiler breeders throughout the laying periods.

Development of $^{99m}Tc$-Transferrin as an Imaging Agent of Infectious Foci (감염병소 영상을 위한 $^{99m}Tc$-Transferrin 개발)

  • Kim, Seong-Min;Song, Ho-Chun
    • Nuclear Medicine and Molecular Imaging
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    • v.40 no.3
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    • pp.177-185
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    • 2006
  • Purpose: Purpose of this study is to synthesize $^{99m}Tc$-labeled transferrin for injection imaging and to compare it with $^{67}Ga$-titrate for the detection of infectious foci. Materials and methods: Succinimidyl 6-hydrazino-nicotinate hydrochloride-chitosan-transferrin (Transferrin) was synthesized and radiolabeled with $^{99m}Tc$. Labeling efficiencies of $^{99m}Tc$-Transferrin were determined at 10 min, 30 min, 1 hr, 2 hr, 4 hr and 8 hr. Biodistribution and imaging studies with $^{99m}Tc$-Transferrin and $^{67}Ga$-citrate were performed in a rat abscess model induced with approximately $2{\times}10^8$ colony forming unit of Staphylococcus aureus ATCC 25923. Results: Successful synthesis of Transferrin was confirmed by mass spectrometry. Labeling efficiency of $^{99m}Tc$-Transferrin was $96.2{\pm}0.7%,\;96.4{\pm}0.5%,\;96.6{\pm}1.0%,\;96.9{\pm}0.5%,\;97.0{\pm}0.7%\;and\;95.5{\pm}0.7%$ at 10 min, 30 min, 1 hr, 2 hr, 4 hr and 8 hr, respectively. The injected dose per tissue gram of $^{99m}Tc$-Transferrin was $0.18{\pm}0.01\;and\;0.18{\pm}0.01$ in the lesion and $0.05{\pm}0.01\;and\;0.04{\pm}0.01$ in the normal muscle, and lesion-to-normal muscle uptake ratio was $3.7{\pm}0.6\;and\;4.7{\pm}0.4$ at 30 min and 3 hr, respectively. On image, lesion-to-background ratio of $^{99m}Tc$-Transferrin was $2.18{\pm}0.03,\;2.56{\pm}0.11,\;3.08{\pm}0.18,\;3.77{\pm}0.17,\;4.70{\pm}0.45\;and\;5.59{\pm}0.40$ at 10 min, 30 min, 1 hr, 2 hr, 4 hr and 10 hr and those of $^{67}Ga$-citrate was $3.06{\pm}0.84,\;4.12{\pm}0.54\;and\;4.55{\pm}0.74 $ at 2 hr, 24 hr and 48 hr, respectively. Conclusion: Transferrin is successfully labeled with $^{99m}Tc$, and its labeling efficiency was higher than 95% and stable for 8 hours. $^{99m}Tc$-Transferrin scintigraphy showed higher image quality in shorter time compared to $^{67}Ga$-citrate image. $^{99m}Tc$-transferrin is supposed to be useful in the detection of the infectious foci.

Influence of the pH and Salt Concentrations on Physicochemical Properties of Pork Myofibrillar Protein Gels Added with Cornstarch

  • Lee, Chang Hoon;Chin, Koo Bok
    • Food Science of Animal Resources
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    • v.40 no.2
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    • pp.254-261
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    • 2020
  • The aim of this study was to evaluate quality characteristics of pork myofibrillar protein (MP) added with cornstarch as affected by different pH values and salt cocnentrations. MP mixtures were prepared with three different pH values (pH 6.00, 6.25, and 6.50) and three different salt concentrations (0.15, 0.30, and 0.45 M). Cooking yield (CY), gel strength, viscosity, and scanning electron microscopy were measured to evaluate characteristics of MPs. CYs of MPs with cornstarch at above pH 6.25 or salt 0.30 M were increased compared to those at pH 6.00 or salt 0.15 M. However, gel strengths of MPs at salt 0.45 M were higher than those at salt 0.30 M. In microstructure analysis, MP gels with increasing pH value and salt concentration showed compact and uniform structure. Thus, MP gels with pH 6.25 and salt concentration of 0.30 M would be better for manufacturing meat products containing cornstarch to increase their water holding ability.

Production of Biosurfactant by Tsukamurella sp. 26A (Tsukamurella sp. 26A에 의한 생물계면활성제의 생산)

  • 최경숙;김순한;정영기;장경립;이태호
    • Korean Journal of Microbiology
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    • v.33 no.3
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    • pp.187-192
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    • 1997
  • The strain producing biosurfactant was isolated from soil. The isolated strain was identified as the genus Tsukamurella through its morphological, cultural, physiological, menaquinone type, fatty acid composition characteristics. The highest biosurfactant production by Tsukamurella sp. 26A was observed after 4 days cultivation in the culture medium containing n-hexadecane 7%, $NaNO_{3}$ 0.2%, $K_2HPO_4$ 0.001%, $MgSO_{4}$ center dot $7H_{2}O$ 0.02%, $CaCl_2$ center dot $2H_{2}O$ 0.02%, yeast extract 0.02%(pH 6.8-7.0, 30^{\circ}C.$ The surface and interfacial tension of an aqueous solution reached 30 mNim and 1.5 mNim, respectively. The biosurfactant stabilized oil-in-water emulsion with a variety of hydrocarbons, edible oils and petroleum oils.

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Effects of Dietary Fat Level on the Aging Process of the Fibroblast Cells and Immune Function in Rats of Different Ages (식이지방수준이 나이에 따른 흰쥐 섬유아세포의 노화과정 및 면역반응에 미치는 영향)

  • 조미숙;김화영
    • Journal of Nutrition and Health
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    • v.24 no.5
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    • pp.431-441
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    • 1991
  • To investigate the influence of age and dietary fat level on the immune function and the growing potential of the fibroblast cells, male rats of 2 month, 6 month and 30 month of age were fed either 6% or 30% fat diet for 16 weeks. The weight of thymus decreased linearly with increasing age. And this age-dependent degeneration of thymus was delayed in rats fed low fat diets. The blastogenesis of spleen lymphocytes to PHA, ConA, and PWM was decreased with increasing age, however, no effect of dietary fat level was observed. The age-related decline in ratios of PHA/ConA response may suggest that T suppressor cell activity increases with age. In cell culture system, lung fibroblast cells from 30M rats showed lower plating efficiency. longer doubling time. and shorter cumulative doubling potential than those from 2M or 6M animals. Also. the morphology of fibroblasts from 30M rats was tended to be rouned rather than flattened and more variable in size and being generally larger. wherease those from 2M and 6M rats were uniform in size and adhered tightly to the culture vessel in ordered arrays. Therefore fibroblast cell culture system tried in this study reflects the changes of cellular aging.

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Biosynthetic Regulation of Invertase from Recombinant E. coil pYC17 (재조합 대장균 pYC17이 생성하는 세포내 invertase의 생합성 조절)

  • Yi, Sung-Hun;No, Jae-Duck;Lee, Dae-Hyung;Lee, Jong-Soo
    • The Journal of Natural Sciences
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    • v.17 no.1
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    • pp.103-111
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    • 2006
  • Regulation of invertase biosynthesis was studied with the E. coil harboring recombinant plasmid, pYC17. Biosynthesis of invertase in the recombinant E. coil was effectively induced in the presence of 30mM of sucrose for 3h. Glucose also repressed the invertase induction in the recombinant E. coil at 10 mM, lower than that of parent strain (30 mM).

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