• Journal of Contemporary Eastern Asia
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• 제21권1호
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• pp.43-52
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• 2022

This study examines the impacts of a mandatory lockup ratio and lockup period, together with voluntary lockup, on the initial public offering (IPO) subscription rate in Malaysia. A sample of 390 IPOs launched from 2000 to 2016 was collected for analysis. The findings show that firms that adopt a lower lockup ratio and a shorter lockup period signal uncertainty about their prospects. Issuers would then show the tendency to underprice to increase investors' intention to subscribe to firms' IPO shares. This study concludes that as long as investors are aware of pertinent information about IPO firms, they should continue participating in the IPO market rather than behaving irrationally. Finally, policymakers could use the findings to improve the existing lockup provisions regulation.

• The Journal of Asian Finance, Economics and Business
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• 제6권4호
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• pp.297-307
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• 2019

Despite the fact that the implementation of 5% rule is widely recognized to enhance the transparency of capital market and fairness of corporate governance market, a few evidences present information effect of 5% rule. Using 7,088 non-financial firm-year observations listed on the Korea Stock Exchange from 2006 to 2012, we analyze the relation between trading volume and 5% rule disclosure. The results show that the daily and abnormal trading volume is increased when 5% rule disclosure is released. Moreover, the trading volume is significantly increased during cooling period. Specifically, trading volume is significantly greater when one day before cooling period or the expiration day of cooling period. We also find the information effect of firms with stable ownership structure before 5% rule disclosure is relatively smaller than the firms with unstable ownership structure with unstable ownership structure. These results imply that capital market participants use the information from 5% rule disclosure and reflect in their real economic decision.

• IEIE Transactions on Smart Processing and Computing
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• 제3권4호
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• pp.173-180
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• 2014

Random access protocols feature inherent sensing functionality and distributed coordination, making them suitable for cognitive radio communication environments, where secondary users must detect the white space of the primary spectrum and utilize the idle primary spectrum efficiently without centralized control. These characteristics have led to the adoption of carrier-sensing-multiple-access/collision-avoidance (CSMA/CA) in cognitive radio. This paper proposes a new analytical framework for evaluating the performance of a CSMA/CA protocol that considers the characteristics of idle periods based on the primary traffic behavior in cognitive radio systems. In particular, the CSMA/CA-based secondary network was analyzed in the terms of idle period utilization, which is the average effective data transmission time portion in an idle period. The use of the idle period was maximized by taking its statistical features into consideration.

• 천문학회지
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• 제19권2호
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• pp.91-107
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• 1986

Making use of our extended version of $\ddot{O}pik's$ convection theory, we have calculated magnetic cycle periods of the sun and late type stars by using Parker's dynamo theory, where we have included the non-linear effect. We presented a relationship between the computed cycle period and spectral type to analyze observed magnetic activities of the late type stars and long-term luminosity variations. It is found that (1) the stellar magentic-cycle period increases towards the later spectral type, (2) the rapid rotation facilitates the activity-related luminosity variation of stars later than about K5, (3) differential rotation plays a critical role in determining the magnetic activity-cycle period, and (4) the non-local effect should be taken into account in order to understand the observed long-term luminosity variations.

• 대한설비공학회지:설비저널
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• 제14권2호
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• pp.125-137
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• 1985

Standard weather data for Seoul has been developed for use in computer calculations for energy requirements, and the 8760 sequential hourly values for seven weather elements have been placed in magnetic tape and cards. Applying the method determining average month, developed by Japanese Society of Heating, Air-Conditioning and Sanitary Engineers, the standard year data have been selected from the monthly average values for three weather elements during the 10year period of 1971 through 1980. The followings are obtained. 1. The Test Reference Year, consisting of 12 months chosen from different calendar years, has been determined, and TRY tape which contains seven weather elements has been prepared. 2. The Typical Weather Year, which means a year close to the average value, is the year of 1978 during the above 10 year period. 3. During the period, Winter Season needs the maximum heating load is from Dec. 1976 to Mar. 1977 and Summer Season needs the maximum cool ins load is from Jun. to Sep, 1978.

• 전기전자학회논문지
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• 제2권2호
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• pp.263-269
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• 1998

릴레이 대신 포화함수를 이용하여 선형 플랜트의 극한 이득과 주기를 결정하였다. 포화함수를 사용함으로서 플랜트의 고주파 성분을 감소 시켜 묘사함수 사용에 의한 극한이득과 주기 결정의 정확도를 증가시켰다. 또한 적절한 포화함수를 사용할 수 있는 간단한 절차를 기술하였으며 진동이 발생하지 않는 플랜트에 대해서 지연요소를 이용한 자동동조 방법을 제시하였다.

• 한국건축시공학회:학술대회논문집
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• 한국건축시공학회 2015년도 춘계 학술논문 발표대회
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• pp.136-137
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• 2015

Tilt-up construction is the method that the wall structures are fabricated horizontally on site and placed at specified location using heavy lifting equipment. Tilt-up method generally has several advantages, such as of productivity improvement, labor savings, shortened the construction period the and cost savings. In this study, Tilt-up method is used for wall construction of detached house. Result shores the substantial improvement on construction period. The use of Tilt-up method led construction period reduction of 20%.

• 자원ㆍ환경경제연구
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• 제9권5호
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• pp.903-924
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• 2000

This paper examines the alternative method to measure the state of overall economic activity. The macroeconomic variables, used for business cycle, take more than a month after a period for collection and aggregation. The electricity generation data is compiled in mechanical ways just after the period. Based on this fact, we develop the two stage estimation method for coincident economic indicators in order to detect the business cycle in an earlier period, using Stock-Watson's Dynamic Factor Model. Using monthly data from 1970 to 1999, it is found that the experimental coincidence economic indicators are well-fitted to data and also that the estimates of two stage estimation method have good explanatory power, equivalent to the experimental coincidence economic indicators. While the RMSE of coincidence economic indicators is found to be 1.27%, that of the experimental coincidence economic indicators is found to be 1.31% and that of the two stage estimation method is around 1.44%. If we take consideration into the fact that it measures the business cycle in one month earlier, we come to the conclusion that the two stage estimation is of great use.

• KDI Journal of Economic Policy
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• 제44권3호
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• pp.75-99
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• 2022

This paper analyzes job creation when the Korean economy transitioned to a knowledge economy from the 1990s to the 2010s. During this period, the ratio of service to manufacturing jobs increased, knowledge intensive industries grew, and job creation became geographically concentrated around Seoul. The changes slowed down in the 2010s, and overall job growth weakened. To analyze the effect of job creation driver industries during this period, the main part of which are knowledge intensive tradable service industries, on local service job creation, I use a modified version of the local labor market of Moretti (2010). I analyze the job changes during 1995-2005 and during 2006-2016 in 237 Si-Gun-Gu areas in the Census on Establishments datasets. I find that one manufacturing job creates 0.5 local service jobs and that one tradable service job creates 1.1 jobs within Gu areas of metro cities and 2.3 jobs in Si-Gun areas. The job creation relationship between the tradable and local service sectors was not altered in this period. As more jobs were created in the tradable sector driven by the transition to a knowledge economy, job creation overall remained active, with the opposite also being true.

• 대한간호학회지
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• 제28권2호
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• pp.303-318
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• 1998

Cutaneous stimulation and distraction are independent nursing interventions used in various painful conditions, which is explained by gate control theory. This study was aimed at identifying the effect of cutaneous stimulation, distraction and combination of cutaneous stimulation and distraction on the reduction of intravenous injection pain levels of chemotherapy patients. Repeated measurement post test research design was used for one group. Fifty-three cancer patients who received intravenous chemotherapy regulary in outpatient injection rooms of D medical center and Y medical center in Taegu were studied from June 23, 1997 to July 12, 1997. First the intravenous injection pain level of the control period was measured. Second, the intravenous injection pain level of the experimental period using cutaneous stimulation was measured. Third, the intravenous injection pain level of the experimental period using distraction was messured. Fourth, the intravenous injection pain level of the experimental period using a combination of cutaneous stimulation and distraction was measured. The instruments used for this study were a visual analogue pain scale as subjective pain measurement and an objective pain behavior checklist. Analysis of data was done by use of repeated measure ANOVA, bonferni, t-test, and F-test. The results of this study were summerized as follows : 1) The first hypothesis that the subjective pain score of intraveneous injection pain in the experimental period with cutaneous stimulation will be lower than in the control period was rejected. 2) The second hypothesis that the objective pain behavior score of intravenous injection pain in the experimental period with cutaneous stimulation will be lower than in the control period was accepted(F=24.23, p=0.0001, Bornferni p<.05). 3) The third hypothesis that the subjective pain score of intraveneous injection pain in the experimental period with distraction will be lower than in the control period was rejected. 4) The fourth hypothesis that the objective pain score of intravenous injection pain in the experimental period with distraction will be lower than in the control period was accepted(F=24.23, p=0.0001, Bornferni p<.05). 5) The fifth hypothesis that the subjective pain score of intravenous injection pain in the experimental period with combination of cutaneous stimulation and distraction will be lower than in the control period was accepted(F=3.04, p=0.031, Bonferni p<.05). 6) The sixth hypothesis that the objective pain score of intravenous injection pain in the experimental period with combination of cutaneous stimulation and distraction will be lower than in the control period was accepted(F=24.23, p=0.0001, Bonferni p<.05).