• Title/Summary/Keyword: impact characteristics

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An Analysis of Capital Market Shock Reaction Effects in OECD Countries (OECD 회원국들의 자본시장 충격반응도 분석)

  • Kim, Byoung Joon
    • International Area Studies Review
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    • v.22 no.4
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    • pp.3-18
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    • 2018
  • In this study, I examined capital market shock reaction effects of 29 OECD countries with the past 24 years sample period consisting of daily stock market return using T-GARCH model focused on volatility feedback hypothesis. US daily stock market return is used as a unique independent variable in this model in consideration of its characteristics of biggest market share and as an origin country of Global Financial Crisis. As a result, France, Finland, and Mexico in order are shown to be the strongest countries in the aspect of return spillovers from US. Canada, Mexico, and France are shown to be the highest countries in the aspect of explanatory power of model. The degrees of shock reaction are proved to be higher in order in Germany, Chile, Switzerland, and Denmark and those of downside shock reaction are seen higher in order in Greece, Great Britain, Australia, and Japan. Canada and Mexico belonging to NAFTA are shown to be higher in the return spillover from US and in the model explanatory power, but they are shown to be lower in the impact of shock reaction, suggesting that regional distance effect or gravity theory cannot be applied to financial spillovers any longer. In the analysis of subsample period of Global Financial Crisis, north American three countries do not show any consistent results as in the full sample period but shock reaction in the European countries are shown to record stronger, suggesting that shocks from US in the Crisis Times are transferred mainly to European region.

Ecological Characteristic of Clithon retropictus inhabitating in Yeoncho River in Southern Coastal Area (남해안 연초천에 서식하는 기수갈고둥의 생태적 특성 연구)

  • Lee, Soo-Dong;Kim, Mi-Jeong;Kim, Ji-Suk
    • Korean Journal of Environment and Ecology
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    • v.32 no.6
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    • pp.591-602
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    • 2018
  • Clithon retropictus has been designated as an endangered wildlife Class II due to its high value as a biological indicator species capable of judging environmental quality such as salinity, water flow, and ground conditions. However, basic research on its physiological and ecological characteristics is still lacking. As such, this study intended to examine the impact of environmental conditions such as salinity and soil particle size on the size and density of Clithon retropictus at the Yeoncho river estuary. The investigation of the salinity, which is a key variable that affects the distribution of organisms in the estuary, showed that Clithon retropictus could grow at a salinity ranging from 0#x2030; (freshwater) to 25‰ (brackish water). The coarse gravel (19-75mm) tended to increase nearer the upper stream (under the Yeoncho weir), while the proportion of particles smaller than sand (less than 19mm) increased toward the downstream. The population and the size of the individuals decreased rapidly in the downstream where water stagnated near the Yeoncho weir, and the salt water joined. The results indicated that Clithon retropictus had a high tolerance to salinity, but the adaptability was weaker toward the extremes since the population, and the size tended to decrease as the salinity increased. The correlation analysis revealed that both salinity and soil particle size affected the population and individual size. The correlation between the individual size and salinity was -0.242 (P <0.01), indicating that the size decreased with increasing salinity. The correlation between individual size and coarse gravel having a particle size of 19mm or more was 0.420 (P <0.01), indicating that the size increased with increasing the particle size.

Understanding the Effects of Accelerators on Startups: A Network-Based Approach (액셀러레이터가 스타트업에 미치는 영향 고찰: 네트워크 관점을 중심으로)

  • Ra, Keehyuk;Yang, Daegyu;Battulga, Altantsetseg
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.14 no.1
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    • pp.85-99
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    • 2019
  • Startups need proper external supports to survive and build strong foundations for growth in their early stage. Accelerators help such startups by providing tangible and intangible resources. Accordingly, accelerators are creating a social environment that can effectively support the startups in the early stage, distinct from other institutions that fund or help the startups. However, the actual impact of accelerators on startups has not been yet fully scrutinized thoroughly, especially with the lack of theoretical lenses to comprehend accelerators. This paper aims to build a theoretical foundation to understand the role of accelerator, focusing on the network-based perspective. We briefly overview the concept of accelerator and the current status of the accelerator industry. Subsequently, focusing on the network that accelerators and startups create, this paper examines how the characteristics of the network relationships affect the growth and survival of the early-stage startups. Thus, by offering systematic analysis of the underlying mechanisms of the effects of the accelerators under network-based approach, this paper suggests a direction for the future empirical research on the topic of startup accelerator.

A Case Study on The CVC's Investment Motivations and Investment Decision Factors (CVC의 투자동기 및 투자 결정요인에 대한 사례연구: CVC 9개사(社)의 투자 사례를 중심으로)

  • Jo, Se Keun;Han, Ju He
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.13 no.6
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    • pp.27-38
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    • 2018
  • The purpose of this study is to find out common investment decision factors for CVC's invested technology-based startups and analyze them. We examined 17 CVCs that invested in technology startups for three years and six months from 2015 to June 2018. As a result, the final 9 CVCs that can be used in this study were confirmed and 188 companies were analyzed. This study was conducted as a case study to propose and demonstrate CVC investment objectives and investment decision factors analysis model. The results of this study are as follows. First, CVC focused on strengthening investment. Second, In 2015, Invested in an average of 19 months of technology-based startups. In recent years, we invested in 36 months of proven technology-based startups. Thirdly, ICT service was the main business type of the invested startups. Fourth, the investors were concentrated on the stage of Series A~B. It is observed that CVC investment determinants have a significant impact on product or service and parent company relations. In addition, it was found that factors such as innovation, business planning competency, enterprising, strategic competency, leadership, and opportunity recognition competency were influential factors for the startups of invested companies and it was found that these factors are important for CVC investment decision. Understanding of CVC investment determinants presented in this study is based on the establishment of the investment process of the investee, entrepreneurship and management education program. The results of this study can be applied to the selection of excellent startups, entrepreneurship education programs, mentoring, development of coaching guidelines, and establishment of investment process of other investment institutions when investing in CVC.

The Effects of Depression, Death Anxiety, and Social Support on Psychological Well-Being of Elderly Living Alone: Mediating Effect of Resilience (우울, 죽음불안, 사회적 지지가 독거노인의 심리적 안녕감에 미치는 영향: 탄력성의 매개효과)

  • Jang, Yeon-Sik;Mo, Seon-Hee
    • 한국노년학
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    • v.37 no.3
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    • pp.527-547
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    • 2017
  • The purpose of this study is to investigate how depression, death anxiety, and social support can exert influence on the psychological well-being of elderly living alone through a parameter of resilience. A survey was conducted involving 988 elderly over the age of 65 living alone in the Daejeon metropolitan area and Chungcheongnam-do and the data were analyzed using structure equation model. The results were as follows. First, in the measurement of variables according to demographic characteristics, depression showed significant differences depending on gender, level of education, health, and financial condition, while death anxiety differed depending on gender, and level of education. Social support was significantly different by gender, age, level of education, region, health, and financial condition. The level of resilience was significantly different by gender, age, level of education, health, and financial condition. Psychological well-being varied according to gender, level of education, health, and financial condition. Second, the effects of depression, death anxiety and social support on psychological well-being were examined. It was found that depression had a negative influence and social support had a positive impact while death anxiety showed no influence. Third, with regard to the effects of depression, death anxiety, social support on resilience, depression was found having negative influence, whereas social support having positive influence. Forth, psychological well-being was positively affected by resilience. Also, through the mediated pathway of resilience, their psychological well-being seemed to totally improve when the negative factors were reduced and the positive ones promoted. This study may have some significance in reference to examine the factors affecting the psychological well-being of elderly living alone and to develop social welfare service programs and policies in the field.

Review of Pre-grouting Methods for Shield TBM Tunneling in Difficult Grounds (특수지반에서 쉴드TBM 굴착 시 프리그라우팅 적용 사례 고찰)

  • Yoon, Youngmin;Jeong, Hoyoung;Jeon, Seokwon
    • Tunnel and Underground Space
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    • v.28 no.6
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    • pp.528-546
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    • 2018
  • Cases of TBM tunnelling have been consistently increasing worldwide. In many recent subsea and urban tunnelling projects, TBM excavation has been preferably considered due to its advantages over drill and blast tunnelling. Difficult ground conditions are highly probable to appear in subsea and urban tunnels because of the shallow working depth and alluvial characteristics. Under the difficult ground conditions, ground reinforcement measures should be considered including grouting, while it is of great importance to select the optimal grout material and injection method to cope with the ground condition. The benefits from TBM excavation, such as fast excavation, increased safety, and reduced environmental impact, can be achieved by applying appropriate ground reinforcement with the minimum overrun of cost and time. In this report, various grouting methods were reviewed so that they can be applied in difficult ground conditions. In addition, domestic and international cases of successful ground reinforcement for difficult grounds were introduced for future reference.

Reaction Characteristics of Phytoplankton Before and After the Yellow Dust Event in Taean Peninsula and Yellow Dust Impact Assessment (태안반도주변에서 춘계 황사 전·후 식물플랑크톤 반응특성과 황사분진 영향평가)

  • Yoo, Man Ho;Youn, Seok Hyun;Oh, Hyun Ju;Choi, Joong Ki
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.24 no.7
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    • pp.898-906
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    • 2018
  • To investigate the effect of yellow dust on phytoplankton, a field survey and physiological experiments were carried out in the waters near Taean Peninsula from April 22 to 26, 2006, when yellow dust occurred. Phytoplankton populations during the yellow dust period were in the range of $26{\sim}290{\times}10^3cells{\cdot}L^{-1}$, a somewhat low standing crop. An increase in diatoms (a main taxonomic group), especially benthic diatoms such as Paralia sulcate, a typical species for active mixed sea water areas, was also remarkable. In addition, the Chl-a concentration after yellow dust exceeded the Chl-a concentration change range according to the tide before yellow dust. As the concentration of yellow sand increased in a yellow sand treatment experiment, primary productivity decreased, and the maximum assimilation number showed the same tendency. In the 48h culture experiment, primary productivity of the test group was lower than that of the control group at the early stage (T0) of yellow sand treatment, but after 48 hours (T48), the test group showed higher primary productivity than the control group. In particular, the primary productivity of the test group significantly increased to 321 % after 48 hours. Therefore, strong physical environment accompanied by yellow dust may temporarily inhibit the growth of phytoplankton in the waters adjacent to China in the early stage of yellow dust, but the formation of stable water mass has also been identified as a potential factor promoting the growth of phytoplankton.

Factors Influencing the Using Intention of Shared Economy Services (공유경제서비스 이용의도 영향 요인에 관한 연구)

  • Cho, Eun-Joo;Suh, Sang-Hyuk
    • Journal of Korea Technology Innovation Society
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    • v.21 no.4
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    • pp.1411-1444
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    • 2018
  • The shared economy has been growing rapidly in recent years, creating an innovative economic paradigm based on the growing interest in sustainable development in the environmental aspect, the development of ICT technology, and the spread of mobile, Internet and smart environments. The purpose of this study is to investigate the factors influencing of the shared economy on the intention of domestic consumers using shared economy services. Also we would like to find out if personal orientation on sustainable development actually have a valid impact on perceived values and intentions of using Shared Economy services. The result of the study shows that the factors affecting the intention to use Shared Economy service were perceived usefulness, subjective norm, perceived risk, and sustainable orientation which are characteristics of Shared Economy service. In addition the result of the indirect effect study Find that the individual felt the emotional value through the perceived usefulness and have the greatest influence on intention to use. Therefore, it implies that the marketing strategy of the Shared Economy service should take into consideration the elements that can feel emotional value through usability. In the future, We research on domestic success and failure cases of Shared Economy services and robust verification of influential factors could be continue.

Prediction Equation for Chloride Diffusion in Concrete Containing GGBFS Based on 2-Year Cured Results (2년 양생 실험결과를 이용한 고로슬래그 미분말 콘크리트의 염화물 확산 예측식)

  • Yoon, Yong-Sik;Cho, Sung-Jun;Kwon, Seung-Jun
    • Journal of the Korea institute for structural maintenance and inspection
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    • v.23 no.2
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    • pp.1-9
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    • 2019
  • GGBFS(Ground Granulated Blast Furnace Slag), one of the representative concrete mineral admixtures, improves the long-term durability and engineering performance of concrete by latent hydraulic activity. In this study, considering 3 levels of W/B(0.37, 0.42, 0.47) and GGBFS replacement ratio(0 %, 30 %, 50 %), durability performances for chloride attack are evaluated, and equations which predict behavior of accelerated chloride diffusion are proposed. Also, the relationship between accelerated chloride diffusion coefficient and passed charge is evaluated. In target curing day, accelerated chloride diffusion tests(Tang's method, ASTM C 1202) and compressive strength(KS F 2405) are performed. In the 730 day's results of accelerated chloride diffusion coefficient, GGBFS concrete has up to 28 % of decreasing ratio compared to OPC concrete, and in those of passed charge, GGBFS concrete has up to 29 % of decreasing ratio compared to OPC concrete. Also, it is deemed that the impact of variation of W/B is less in GGBFS concrete than in OPC concrete. The equations which predict accelerated chloride diffusion coefficient and passed charge are drawn, based on the characteristics of mixture and test results. The equation which predicts passed charge shows slightly higher coefficient of determination than that which predicts accelerated chloride diffusion coefficient.

The Effect of Health Risk Factors on Gender in Early Adolescents: The Application of Logit Analysis (초기청소년대상자의건강위험요인이성별에미치는영향요인분석: 로짓분석의활용)

  • Yoo, Keun-Hwan
    • Journal of Convergence for Information Technology
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    • v.9 no.7
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    • pp.85-93
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    • 2019
  • The purpose of this study is to identify the influence of demographic characteristics such as inappropriate lifestyle, stress, and health status among health risk factors of early adolescents according to gender. There is a gender difference in the perception of mental and physical health of early adolescents, and the result can be different in behavior patterns between men and women. This study was conducted to identify the health risk factors as independent variables for early adolescents in Daegu and Gyeongbuk area, and to analyze the determinants of gender (male, female) differences by parents, family environment, friends, academic background, appearance, grade, location, school grades, family situation, and health status as demographic factors. And, the Odds Ratio of the early adolescents was analyzed through logit analysis and the differences according to the influence relationship of each of them were examined. As a result of the analysis, the more the sleep and physical activity, parents, home environment, friends, academic background, and appearance are increased, the more the influence is likely to become on the male students. On the contrary, the rest of the health risk factors can increase, and the threat to the health risk factors is likely to become severe to the female students.Among them, it is necessary to develop a pre-preventive program for early adolescents' health risk factors, provide basic data for practical application in the field, and seek a detailed program according to the gender of early adolescents.