• 한국경제지리학회지
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• 제12권1호
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• pp.67-82
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• 2009

이 논문은 웨일스개발청의 기업 유치를 중심으로 한 지역경제 활성화 정책을 분석하고 그 성과를 산업입지론적 관점에서 검토한다. 웨일스 지역의 경제개발을 실질적으로 추진해온 핵심 주체로서 웨일스개발청은 그간 기업 유치에 많은 성과를 거두었으며 지역경제발전정책의 성공사례로 평가되고 있다. 웨일스개발청의 기업유치 정책에 대한 분석을 통해 다음의 이론적, 정책적 함의들을 발견할 수 있다. 먼저, 웨일스 사례는 전문 기업의 유치와 창업이 지역 산업의 활성화를 촉진함을 강력히 시사한다. 전문 기업의 유치는 지역 내 고용과 지역 주민소득의 향상을 가져올 뿐 아니라 기존의 지역 기업들에게도 새로운 성장기회를 부여한다. 둘째, 이 사례를 통해 지역경제 발전과정에 있어서 공공부문의 역할의 중요성을 확인할 수 있다. 셋째, 기업유치를 위한 적극적인인 홍보활동이 실제적성과를 거두었으며 그것의 중요성이 확인되었다. 넷째, 웨일스개발청이 기업유치를 위해 그간 제공해온 각종 인센티브들이 상당한 효과를 발휘하였는 바, 그것들은 특히 기업들의 초기투자비용을 감소시키는데 집중되어 있었다. 다섯째, 웨일스에서의 기업유치 과정이 지역적 산업전문화 전략을 간과함으로써 유수의 기업들을 유치하고서도 장기적인 측면에서 산업 경쟁력을 제고하는 데 그다지 성공하지 못하였다는 점이다. 이 사례 연구의 핵심적인 이론적 시사점은 그간 산업입지 연구에서 주변적 위치만을 차지해왔던 행태주의 입지론의 의의를 재발견하였다는 점이 될 것이다. 더하여 그것은 편익과 비용을 기초로 한 고전적인 입지모델을 여전히 지지하며 산업클러스터 구축의 필요성을 보여준다.

• 유통과학연구
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• 제10권5호
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• pp.19-28
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• 2012

The study examines the performance and its relationship with capital structure and agency cost with respect to the industrial configurations and economic groups of Pakistan Economy. The study employs data set of 334 listed joint stock companies from the nonfinancial sectors for the period of 1999-2009 from cotton and textile, engineering, chemical, sugar, cement, fuel and energy, paper and board, transport and communication, and miscellaneous economic groups. Pooled data from the Panel data methodology has been applied to observe the significance of different performance measures through determinant of capital structure and agency costs with special focus on the leverage and cash flows as the direct determinant and interactive variables. The empirical test results using redundant variable tests demonstrate support for agency theory in the context of Pakistan's industrial configurations. The implications of the study point towards more investigations on the subject using industrial configurations as control and moderating variables.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.149-158
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• 2020

The purpose of this study was to investigate the impact of corporate governance index on the cost of equity in companies listed on the Tehran Stock Exchange. This study collects data from 975 observations during the period 2012 to 2018 to test the hypotheses using multiple linear regression model for the panel data. In this research, the independent variable of corporate governance index comprises of 27 specific corporate governance attributes. The results of hypothesis testing showed that corporate governance has a negative and significant effect on the rate of capital cost. In other words, the quality of corporate governance can lower the rate of capital cost. This result suggests that, by using a powerful corporate governance system and by declining the information asymmetry (increasing transparency) and agency conflict, we would be able to enhance the quality of financial reports. It would strengthen the capital market, attract financial suppliers and investors, and absorb the required financial resources of the firm by a lower rate. The findings of the study suggest that companies are able to reduce the cost of equity by establishing strong corporate governance. This conclusion suggests the importance and effectiveness of corporate governance in the cost of equity.

• 한국추진공학회지
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• 제22권5호
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• pp.73-80
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• 2018

고속 추진체계의 개발 초기는 자료의 부족, 비용 제약, 지상에서 실제 비행환경 모사의 어려움 등으로 불확실 요소들을 확률분포의 형태로 모델링하기 어려운 실정이다. 이러한 이유로 본 연구에서는 이중연소 램제트를 대상으로 전문가들의 경험에 의한 연소효율 정보를 수집하여 이를 에비던스 이론으로 모델링하여 불확실성을 정량화 하였다. 정량화한 불확실성 정보를 이용하여 흡입구와 연소기의 출구면적에 대하여 추력여유와 열질식의 불확실성을 고려한 신뢰성 최적설계를 수행하였다. 한정된 불확실 정보를 가지고 엔진의 개념설계가 가능함을 확인할 수 있었다.

• 유통과학연구
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• 제19권11호
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• pp.17-25
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• 2021

Purpose: This study aims to examine the effect of gender diversity and institutional ownership on earnings management in distribution industry sub-sector companies listed on the Indonesia Stock Exchange in 2017-2018. Research design, data and methodology: This research is case study research, where the population in this study are all distribution sub-sector companies listed on the IDX in 2017-2018. The sample selection technique used was purposive sampling and obtained 74 companies with the 2017-2018 research period. Multiple linear regression analysis was used in this study, using Stata 17. Results: The results of this study indicate that: 1) Gender diversity has a negative effect on earnings management. 2) Institutional ownership has a negative effect on earnings management. Conclusions: This study contributes to the agency theory where gender diversity and institutional ownership can reduce the agency conflict that the shrinkage of earnings management. These results indicate that companies in which there are female directors will reduce earnings management practices, this is due to the attitude of female directors who tend to avoid risk. The results also show that institutional ownership will also lead to reduced levels of earnings management, because institutional investors will increase its oversight of the company.

• Macromolecular Research
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• 제15권3호
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• pp.225-233
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• 2007

To improve the poor mechanical and low-temperature properties of glycidyl azide polymer (GAP)-based propellants, the addition of binders was investigated using GAP and flexible polymer backbone-structural polycaprolactone (PCP) at various weight(wt) ratios, and varying the ratio of Desmodur N-100 pluriisocyanate (N-100) to isophorone diisocyanate (IPDI). Using Gee's theory, the solubility parameter of the PCP network was determined, in order to elucidate the physical and chemical interaction between GAP and PCP. The structure of the binder networks was characterized by measuring the cross-link densities and molecular weights between cross-links ($M_c$) obtained by a swelling experiment using Flory-Rhener theory. The thermal and mechanical properties of the segmented block copolyurethane (GAP-b-PCP) binders prepared by the incorporation of PCP into the binder recipes were investigated, along with the effect of the different curatives ratios.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.451-458
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• 2021

The objective of this research is to analyze the effect of bad credit and liquidity on bank performance with the mediation of capital adequacy. Data were provided by banking institutions listed on the Indonesia Stock Exchange from the period of 2011-2019. The analysis technique was PLS-SEM supported by an application named WarpPLS 6.0. The results of the research show that the effect of bad credit and liquidity on bank performance is not significant. A high level of bad credit is associated with a low level of bank performance. Bank earnings decline along with low profitability. This relationship is not significant because banks can still cover some proportions of bad credit through capital availability. Capital adequacy as an intervening variable has mediated partially the effect of bad credit and liquidity on bank performance. Besides, capital adequacy has a strong effect on credit distribution. Agency theory says that the owner of the fund (the savers of saving account, current account, deposit account) is called principal while the bank as the trusted institution to manage the fund is called an agent. If customers fulfill their duty, then bad credit never happens.

• International Journal of Advanced Culture Technology
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• 제12권1호
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• pp.158-168
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• 2024

With Wenhai big data SaaS cloud platform.2.0, this study analyzed data of 135 news reports relating to Chinese city Chongqing from Yonhap News Agency and ten South Korean mainstream newspapers from May 1^st, 2018 to September 30^th, 2022. Under the framework of Frame Theory, this research conducted data mining and analysis on how Korean mainstream media shaped city image of Chongqing, what kind of city images were shaped from dimensions of politics, economy, society, culture & sports as well as tourism and whether they are consistent with those in Chinese media. At the last part, discussions and suggestions was made.

• 제어로봇시스템학회논문지
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• 제8권9호
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• pp.747-756
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• 2002

The automatic steering system for unmanned vehicle was developed. The magnet and MR (Magnetoresistive) sensors are used for the tue detecting system. The lateral distance between sensor and the center line of the road is determined by the linearization of the distance according to the output. The PD control theory is used for the design of the controller to compare with $H_\infty$ control theory. The $H_\infty$ control theory is used for the design of the controller to reduce the disturbance. The performance of the PD controller and $H_\infty$ controller is compared in simulations and tests. The PD controller is easy to tune in the test site. The $H_\infty$ controller is robust far the disturbances in the test results.

• 한국IT서비스학회지
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• 제9권4호
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• pp.1-18
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• 2010

Plural governance system in which firms use vertical integration and market governance simultaneously are widely used across various marketing context. Typical examples of plural governance include franchise systems, in which firms own and operate some unit themselves while licensing the operation of some of their units to franchisees. Despite many scholars have attempted to explore the structure of plural governance over decades, there are few insights into its determinants. In this study, we examine the relationship between the proportion of outlets franchised and several franchisor's characteristics based on the perspectives of transaction cost analysis, resource scarcy theory and agency theory. Using franchisor data in Korean Franchise Disclosure Document over the 2006-2009 period, we test the effect of franchisor size, system growth rate, franchise fee, initial investment, and risk sharing on the proportion of outlets franchised. Except for the effect of system growth rate, the results of a series of multiple regression analysis supported the negative effects of franchisor size, franchise fee, initial investment and risk sharing on the proportion of outlets franchised.