• Title/Summary/Keyword: Reflect

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The Relationship Between Corporate Governance and Underpricing: A Case Study in Ho Chi Minh Stock Exchange

  • TRAN, Khang Hoang;NGUYEN, Diep Thi Ngoc;KNAPKOVA, Adriana;ALIU, Florin
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.375-381
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    • 2021
  • Underpricing signifies that IPO share prices do not reflect the fundamental value of the listed company. Corporate governance plays an essential role in IPOs where the board of directors, the independent board of directors, and the board of supervisors are significant elements of accurate share pricing. The study investigates the underpricing phenomena and short-term performance of the IPO companies during the listing process in the Ho Chi Minh Stock Exchange (HOSE). The work outcomes illustrate the role of the corporate organizational structure in the period of the IPO process that may attract potential investors. The hypothesis testing is conducted with a multiple regression model including 100 observations from enterprises doing IPO listed on HOSE. The study results generate signals for the investors and regulators that the board of directors holds a strong negative influence on the underpricing process. Secondly, the level of the independent board of directors and stock exchange in itself has no significant impact on the underpricing process. Underpricing is one of the many anomalies of the stock exchanges that provide wrong signals for the market participants. Identifying stock prices that reflect their intrinsic value is an ongoing debate among scholars, investors, and other market participants.

Effects of Smart Factory Quality Characteristics & Innovative Activities on Business Performance : Mediating Effect of Using Smart Factory

  • CHO, Ik-Jun;KIM, Jin-Kwon;AHN, Tony-DongHui;YANG, Hoe-Chang
    • The Journal of Economics, Marketing and Management
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    • v.8 no.3
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    • pp.23-36
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    • 2020
  • Purpose: The purpose of this study is to identify the strategic direction of organizations and their employees to efficiently utilize smart factories and enhance business performance among Korean manufacturing companies. Research design, data, and methodology: We derived a structured research model to check the mediated effect of utilization of smart factory between the characteristics of smart factory and the innovation activities. Results: Quality characteristics of smart factory and Innovation activities were all found to have a statistically significant effect on utilization of smart factory, utilization of smart factory was found to have a statistically significant effect on the business performance. And it has been shown that the utilization of smart factory is partially mediated relative to the quality characteristics of smart factory and business performance and relative to innovation activities and business performance. Conclusions: Smart factory builders can reflect the areas that affect utilization of the smart factory in their strategies by considering the quality characteristics of the smart factory and innovation Activities. Therefore, smart factory builders can identify the quality characteristics of smart factory and reflect them in the process and analyze active utilize measures through the innovative activities of the employees of the organization, thereby influencing business performance.

Audiogram in Response to Stimulation Delivered to Fluid Applied to the External Meatus

  • Geal-Dor, Miriam;Chordekar, Shai;Adelman, Cahtia;Kaufmann-Yehezkely, Michal;Sohmer, Haim
    • Journal of Audiology & Otology
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    • v.24 no.2
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    • pp.79-84
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    • 2020
  • Background and Objectives: Hearing can be elicited in response to vibratory stimuli delivered to fluid in the external auditory meatus. To obtain a complete audiogram in subjects with normal hearing in response to pure tone vibratory stimuli delivered to fluid applied to the external meatus. Subjects and Methods: Pure tone vibratory stimuli in the audiometric range from 0.25 to 6.0 kHz were delivered to fluid applied to the external meatus of eight participants with normal hearing (15 dB or better) using a rod attached to a standard clinical bone vibrator. The fluid thresholds obtained were compared to the air conduction (AC), bone conduction (BC; mastoid), and soft tissue conduction (STC; neck) thresholds in the same subjects. Results: Fluid stimulation thresholds were obtained at every frequency in each subject. The fluid and STC (neck) audiograms sloped down at higher frequencies, while the AC and BC audiograms were flat. It is likely that the fluid stimulation audiograms did not involve AC mechanisms or even, possibly, osseous BC mechanisms. Conclusions: The thresholds elicited in response to the fluid in the meatus likely reflect a form of STC and may result from excitation of the inner ear by the vibrations induced in the fluid. The sloping fluid audiograms may reflect transmission pathways that are less effective at higher frequencies.

Derivation of a new dose constraint applicable to radioactive discharges from Korean nuclear power plants through retrospective dose assessment

  • Kim, Soyun;Cheong, Jae Hak
    • Nuclear Engineering and Technology
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    • v.54 no.10
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    • pp.3660-3671
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    • 2022
  • A new methodology to derive a dose constraint for radioactive effluent from a unit of nuclear power plant (NPP) through retrospective assessment was developed to reflect operational flexibility in line with international standards. The new dose constraint can retain the safety margin between the offsite dose and the past dose constraints. As case studies, the new approach was applied to 24 Korean NPPs to address the limitations of the existing seven dose constraints that do not fully comply with current international radiation protection standards. Therefore, an effective dose constraint for Korean NPPs was proposed as no less than 0.15 mSv/y, which is comparable to the international practices and previous studies (0.05-0.3 mSv/y). Although the lower bound of the equivalent dose constraint was calculated as 0.17 mSv/y, it is not proposed in this study since the compliance with the derived effective dose constraint can prevent accompanied equivalent doses to any organs from exceeding equivalent dose limits. The new framework and the case studies are expected to contribute toward and support the revision of existing dose constraints for radioactive effluent from NPPs, ensuring better compliance with the current international safety standards as well as reflect the operational flexibility in practice.

Audiogram in Response to Stimulation Delivered to Fluid Applied to the External Meatus

  • Geal-Dor, Miriam;Chordekar, Shai;Adelman, Cahtia;Kaufmann-Yehezkely, Michal;Sohmer, Haim
    • Korean Journal of Audiology
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    • v.24 no.2
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    • pp.79-84
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    • 2020
  • Background and Objectives: Hearing can be elicited in response to vibratory stimuli delivered to fluid in the external auditory meatus. To obtain a complete audiogram in subjects with normal hearing in response to pure tone vibratory stimuli delivered to fluid applied to the external meatus. Subjects and Methods: Pure tone vibratory stimuli in the audiometric range from 0.25 to 6.0 kHz were delivered to fluid applied to the external meatus of eight participants with normal hearing (15 dB or better) using a rod attached to a standard clinical bone vibrator. The fluid thresholds obtained were compared to the air conduction (AC), bone conduction (BC; mastoid), and soft tissue conduction (STC; neck) thresholds in the same subjects. Results: Fluid stimulation thresholds were obtained at every frequency in each subject. The fluid and STC (neck) audiograms sloped down at higher frequencies, while the AC and BC audiograms were flat. It is likely that the fluid stimulation audiograms did not involve AC mechanisms or even, possibly, osseous BC mechanisms. Conclusions: The thresholds elicited in response to the fluid in the meatus likely reflect a form of STC and may result from excitation of the inner ear by the vibrations induced in the fluid. The sloping fluid audiograms may reflect transmission pathways that are less effective at higher frequencies.

Optical Design of a Snapshot Nonmydriatic Fundus-imaging Spectrometer Based on the Eye Model

  • Zhao, Xuehui;Chang, Jun;Zhang, Wenchao;Wang, Dajiang;Chen, Weilin;Cao, Jiajing
    • Current Optics and Photonics
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    • v.6 no.2
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    • pp.151-160
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    • 2022
  • Fundus images can reflect ocular diseases and systemic diseases such as glaucoma, diabetes mellitus, and hypertension. Thus, research on fundus-detection equipment is of great importance. The fundus camera has been widely used as a kind of noninvasive detection equipment. Most existing devices can only obtain two-dimensional (2D) retinal-image information, yet the fundus of the human eye also has spectral characteristics. The fundus has many pigments, and their different distributions in the eye lead to dissimilar tissue penetration for light waves, which can reflect the corresponding fundus structure. To obtain more abundant information and improve the detection level of equipment, a snapshot nonmydriatic fundus imaging spectral system, including fundus-imaging spectrometer and illumination system, is studied in this paper. The system uses a microlens array to realize snapshot technology; information can be obtained from only a single exposure. The system does not need to dilate the pupil. Hence, the operation is simple, which reduces its influence on the detected object. The system works in the visible and near-infrared bands (550-800 nm), with a volume less than 400 mm × 120 mm × 75 mm and a spectral resolution better than 6 nm.

Credit Risk Evaluations of Online Retail Enterprises Using Support Vector Machines Ensemble: An Empirical Study from China

  • LI, Xin;XIA, Han
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.89-97
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    • 2022
  • The e-commerce market faces significant credit risks due to the complexity of the industry and information asymmetries. Therefore, credit risk has started to stymie the growth of e-commerce. However, there is no reliable system for evaluating the creditworthiness of e-commerce companies. Therefore, this paper constructs a credit risk evaluation index system that comprehensively considers the online and offline behavior of online retail enterprises, including 15 indicators that reflect online credit risk and 15 indicators that reflect offline credit risk. This paper establishes an integration method based on a fuzzy integral support vector machine, which takes the factor analysis results of the credit risk evaluation index system of online retail enterprises as the input and the credit risk evaluation results of online retail enterprises as the output. The classification results of each sub-classifier and the importance of each sub-classifier decision to the final decision have been taken into account in this method. Select the sample data of 1500 online retail loan customers from a bank to test the model. The empirical results demonstrate that the proposed method outperforms a single SVM and traditional SVMs aggregation technique via majority voting in terms of classification accuracy, which provides a basis for banks to establish a reliable evaluation system.

On the Inflation and its Modifications in the Era of Global Pandemic: The Case of Some ADB Countries

  • CHARAIA, Vakhtang;PAPAVA, Vladimer
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.7-17
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    • 2022
  • The article discusses the problems caused by inflation in the developing Asia-Pacific region during the time of the worldwide pandemic and suggests innovative solutions to the problem. The reality is that some of the commodity groups from the consumer basket (e.g., non-seasonal fruits, electronics, furniture, hotel, and restaurant services, etc.) fail to reflect the needs of the low-income earners, which make the majority in developing countries. At the same time, the inflation targeting regime has become outdated and not reliable, because of uncontrolled exogenic factors (imported inflation, fluctuation in oil prices, supply chain disruption, Russia-Ukraine war, etc.) prevailing on endogenic factors and thus making it impossible to control the price stability, especially in developing countries. Since, the old-fashioned inflation index and inflation targeting mechanisms regrettably fail to fully reflect both the society and governmental/central banks' expectations, based on which we first should have better care and second create better policies; we propose to use a combination of already well-known indexes and policies, with the new statistical indicators, which reflects price fluctuations on the medication, utilities, and nutrition.

Adaptive High-order Variation De-noising Method for Edge Detection with Wavelet Coefficients

  • Chenghua Liu;Anhong Wang
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.17 no.2
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    • pp.412-434
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    • 2023
  • This study discusses the high-order diffusion method in the wavelet domain. It aims to improve the edge protection capability of the high-order diffusion method using wavelet coefficients that can reflect image information. During the first step of the proposed diffusion method, the wavelet packet decomposition is a more refined decomposition method that can extract the texture and structure information of the image at different resolution levels. The high-frequency wavelet coefficients are then used to construct the edge detection function. Subsequently, because accurate wavelet coefficients can more accurately reflect the edges and details of the image information, by introducing the idea of state weight, a scheme for recovering wavelet coefficients is proposed. Finally, the edge detection function is constructed by the module of the wavelet coefficients to guide high-order diffusion, the denoised image is obtained. The experimental results showed that the method presented in this study improves the denoising ability of the high-order diffusion model, and the edge protection index (SSIM) outperforms the main methods, including the block matching and 3D collaborative filtering (BM3D) and the deep learning-based image processing methods. For images with rich textural details, the present method improves the clarity of the obtained images and the completeness of the edges, demonstrating its advantages in denoising and edge protection.

Production of clothes for beach volleyball players: Safe against ultraviolet radiation damage

  • He Huang
    • Geomechanics and Engineering
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    • v.32 no.6
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    • pp.627-637
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    • 2023
  • Volleyball is an international sport with many fans. This sport has made significant progress in schools and clubs. Volleyball is suitable for all age groups and can be used in different environments. It has many social and physical benefits. During the game provides special physical training for the players and is considered one of the most exciting games. Another type of volleyball is beach volleyball, a beach sport and one of the Olympic sports held on the sand with the same rules as volleyball. This sport is usually played in coastal areas, especially with wide sandy beaches. Because this sport is played in open spaces, the players stay in this space for a long time and are exposed to dangerous ultraviolet radiation. It is a wavelength of light in the range of electromagnetic waves with a wavelength between 10 and 400 nm. This wavelength is shorter than visible light and more protracted than X-ray. Ultraviolet (UV) rays are naturally present in sunlight and include about 10% of all waves emitted from the sun's surface. Prolonged exposure to ultraviolet light causes acute and chronic damage to the skin and vision and even destroys the entire immune system. Different covers of the earth's surface reflect different amounts of UV rays. For example, snow cover, sand, and seawater surface reflect this radiation. Therefore, the health of volleyball players is in danger due to this harmful radiation. This work aims to introduce a type of clothing made of nanoparticles that can repel ultraviolet rays and protect beach volleyball players whose health is at risk from this radiation.