• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.8 no.1
• /
• pp.171-181
• /
• 2013

The relationship about corporations' dividend policy and foreigners' share have been studied on the various views. However, there have barely been the studies about the relationships between the two variables according to hot and cold markets in Korea. In this point, this study attempts to find the differences of the tendency of foreigners' investment with financial variables and the relationship between foreigners' share and corporations' dividend policy according to hot and cold markets. For the analysis, it selected the 318 manufacturing corporations, which paid dividends in 2008 (cold market) and 2010(hot market). The results are classified into two types. 1) There are the difference, and 2) There are no differences of the relationships among the variables according to the two markets. First of all, The relationships between 1) foreigners' share and dividend 2) between foreigners' share and market value (Tobin's Q) and corporations' debt (Debt Ratio) were statistically significant in the both (hot and cold) markets. As showing the differences according to hot and cold markets, cash flow and foreigners' share showed the statistically significant relationships in 2010 (hot market), not in 2008 (cold market). One of the remarkable results is that most of relationships among variables, except the relationship between foreigners' share and dividend, are more strong in hot market than in cold market.

• The Korean Journal of Financial Management
• /
• v.27 no.2
• /
• pp.1-33
• /
• 2010

This study explores if the higher initial returns and the poorer long-run performance observed in the IPOs markets are associated with the firms offered in the 'hot markets,' and then empirically examines the effect of optimistic investors' sentiment on this phenomenon, particularly in the aspects of both pricing mechanism and the opportunistic behavior of offering firms. We analyzed a total of 432 IPO firms for the years between 2001 and 2005. This analysis finds that the initial returns and long-run under-performances of 'IPOs in the hot market' are significantly higher than those of 'IPOs in the cold market.' This study also finds that the proxy variables for the optimistic investors' sentiment have a positive effect on the initial return and negative effect on the long-run performance. Finally, this research finds no difference of ownership structure, venture capital backed, and financial properties between hot market IPOs and cold market IPOs. R&D expenditure rate and financial qualities of IPOs are higher in the hot market than in the cold market. These results do not support the 'windows of opportunity' hypothesis that low quality firms take advantage of hot market condition for successful IPOs.

• The Korean Journal of Financial Studies
• /
• v.2 no.1
• /
• pp.215-244
• /
• 1995

The purpose of this paper is to examine the three anomalies phenomena that appear in the initial public offerings(IPOs) market. Of them, the first anomaly is that the new issues are underpriced in the short-run. Secondly, the hot issue market phenomenon appears. Thirdly, in the long-run, the initial public offerings of equities are overpriced. These phenomena have been documented by Inany studies using the us stock market data. In particular, we will investigate whether these three anomalies also appear in the UK new issues market. Firstly, the underpricing phenomenon of initial public offerings in the short-run will be examined. Then the long-run performance of new issues will be examined using cross-sectional and time-series analysis. Finally, we will briefly examine the existence of the hot issue market in the uk IPOs market.

• Food Engineering Progress
• /
• v.13 no.1
• /
• pp.38-43
• /
• 2009

In this research, the contents of capsaicin and dihydrocapsaicin in various species of red pepper produced in the Goesan-gun County were determined by GC-MS. Further, the contents of capsaicin and dihydrocapsaicin in powdered red pepper products with very hot, hot, normal and mild taste were analyzed to present the degree of hot taste in their products based on contents of capsaicin. The contents of capsaicin in each species of red pepper were from 25.18 mg%(Daetong) to 123.62 mg%(Cheongyang). In the powdered red pepper sold in the market, the contents (mg%) of capsaicin in very hot, hot, normal and mild taste products were 101.98, 67.63, 37.74, and 14.73, respectively. Based on this result, the classification of hot taste by contents of capsaicin was presented in the 7 grades. Namely, the products currently sold in the market were classified into very hot, hot, normal and mild taste. In this research, the degree of hot taste was classified based on contents of capsaicin into 1st grade over 120 mg%, 2nd grade in 100-120 mg%, 3rd grade in 80-100 mg%, 4th grade in 60-80 mg%, 5th grade in 40-60 mg%, 6th grade in 20-40 mg% and 7th grade below 20 mg%. Thus, it is expected that the problem which arises when preparing the products such as kimchi, gochujang and seasoning sauces by using powdered red pepper, namely, the inconsistency of hot taste can be improved and maintained.

• Journal of the Korean Society of Food Culture
• /
• v.10 no.5
• /
• pp.419-425
• /
• 1995

General views of 1,436 housewives respondents through the country on commercial kochujang (fermented hot pepper-soybean paste) were surveyed by questionnaires. The 65.0% of total respondents had experience of purchasing commercial kochujang on the market, mostly super market (43.0%) of respondents, and the respondents who has job and live in apartment purchased the commercial products more often than the others (80.5%). The reason for purchasing commercial products were convenience (36.1%) and short of time (13.0%). The critera for purchasing commercial product were previous experience (40.1%) and well known trademark (20.6%) and not for purchasing were concerning of noxiousness (29.2%) and inferior taste (25.0%). Respondents prefered glass packing (44.3%) and plastic bottle (20.2%) of 500 g pack for single usage (42.3%). The most important standards for kochujang taste were pungency (59.1%) and savory taste (28.6%). The problems indicated to commercial products were inferior taste (32.2%), especially too sweet (52.6%), and safety (20.6%).

• The monthly packaging world
• /
• s.255
• /
• pp.96-101
• /
• 2014

• Journal of the Economic Geographical Society of Korea
• /
• v.17 no.2
• /
• pp.402-419
• /
• 2014

This study attempts to investigate the spatial characteristics of private tutoring markets for adults which have been expanded rapidly with labor market changes in Korea. In particular, For the purpose, we examine thoroughly various indies of labor markets and private tutoring markets for adults in Korea in first and then analyze the spatial characteristics. We classify private tutoring institutes for adults into two categories by job-statuses and education levels, and analyze the spatial distribution patterns of the attendants of the classes. In order to understand the spatial characteristic of their distributions, we distinguish whether there exist the spatial autocorrelation or not by applying Moran's I values for each categories in first. We also examine the spatial cluster patterns by Hot spots analysis utilizing $G^*$ statistics. Multiple linear regression models are developed for each category to explain the relationships between the spatial distributions of private tutoring institutes and geographical variables.

• Environmental and Resource Economics Review
• /
• v.15 no.2
• /
• pp.319-353
• /
• 2006

This paper shows how weather derivatives can be used to hedge against the price risk and volume risk of purchasing relatively large amounts of electricity. Our specific approach to designing new contracts for electricity is to focus on the return over a summer season rather than on the daily levels of demand and price. It is shown that correct market signals can be preserved in a contract and the associated financial risk can be offset by weather options. The advantage of combining a forward contract with a weather derivative is that the high prices on hot days or when the temperature is high reflect the underlying high cost of producing power when the load is high and that the combined contract with a weather derivative substantially reduces the volatility of the return.

• 주택과사람들
• /
• s.219
• /
• pp.32-32
• /
• 2008

정부가 규제 완화에 시동을 걸고 있다. 버블 세븐을 비롯한 주요 지역의 집값이 안정세를 보이고 있고, 건설 경기는 급냉하고 있기 때문이다. 부동산 전문가들은 급한 불을 끄기 위한 단기적 처방보다 장기적이고, 근본적인 대책이 절실하다고 입을 모으고 있다. 최근 발표된 규제 완화 내용과 주요 이슈들을 짚어 보자.

• 주택과사람들
• /
• s.222
• /
• pp.32-32
• /
• 2008

부동산 시장이 갈수록 위축되면서 하락세가 가속화되고 있다. 이에 따라 정부는 이자 부담과 부도 위기에 시달리는 기계 및 건설 업계를 지원하고자 '가계 주거 부담 완화 및 건설 부문 유동성 지원 구조 조정 방안'을 발표했다. 최근에 발표된 규제 완화 내용과 이슈들을 짚어보자.