• The Journal of Asian Finance, Economics and Business
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• v.7 no.4
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• pp.59-70
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• 2020

The purpose of this study is to construct the ACD model for the block trading volume duration. The ACD model based on the block trading volume duration is referred to as Volume ACD (VACD) in this study. By integrating with GARCH-type models, the VACD based GARCH type models, which include VACD-GARCH, VACD-IGARCH and VACD-FIGARCH models, are set up. This study selects Chunghwa Telecom (CHT) Inc., offering the America Depository Receipt (ADR) in NYSE, to investigate the block trading volume duration in Taiwanese equity market. The empirical results indicate that the long memory in volume duration series increases dependence at level of volatility clustering by VACD (2,1)-FIGARCH (3,d,1) model. Moreover, the VACD (2,1)-IGARCH (1,1) exhibits relatively better performance of prediction on capturing block trading volume duration. This volatility model is more appropriate in this study to portray the change of the CHT Inc. prices and provides more information about the volatility process for investment strategy, which can be a reference indicator of financial asset pricing, hedging strategy and risk management.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.631-638
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• 2020

The intention of this research is to identify the effect of corporate social responsibility (CSR) disclosure on firm value with profitability as a moderating variable. Data collection is carried out with data documentation that is based on financial reports and sustainability reports. All companies listed on the Indonesia Stock Exchange (IDX) during the 2013-2017 period are considered as the population of this study. Samples were selected using the purposive sampling method. The following are criteria that would be used in this study: 1) publish a sustainability report using the GRI G4 standard as a reference in preparing reports for 2013-2016, 2) publish a complete financial report for the 2014-2017 observation period, 3) not experience a loss during the 2014-2017 period. The total sample of the study was 109 companies. The study uses path analysis assisted with WarpPLS software version 6.0. The results show that the disclosure of corporate social responsibility has a positive and significant effect on firm value, and profitability moderates the effect of corporate social responsibility disclosure on firm value. The implication of the research is that implementing corporate social responsibility is very important to increase firm's value and firm's sustainability in the future.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.707-717
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• 2020

Global warming affects climate change and has an overall impact on all aspects of life. On the other hand, community behavior and disaster aspects also have an important role in people's lives. This will also have an impact on regional development. This study aims to find the effect of climate, disaster, and social community on rural development. This study uses data on the potential of rural development from PODES 2014, and 2018 data collection on climate conditions and regional status is sourced from relevant ministries. This research uses Ordinary Least Square (OLS) Regression Analysis method, then continued with CHAID analysis to find the segmentation of the role of climate, disaster, and social factors on rural development. The results of this study found that all research regressor variables significantly influence the Rural Development Index (IPD2018), with an R-squared value of 32.9 percent. Efforts need to be taken in order to implement policies that are targeted, effective, and efficient. The results of this study can be a reference for the government in determining policies by focusing on rural development that have high duration of sunshine, cultivating natural disaster warnings, especially in areas prone to natural disasters, and need to focus on underdeveloped areas.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.9
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• pp.135-145
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• 2020

This paper provides the practical application of a linear shrinkage framework on Vietnam stock market. The cumulative data points observed in this analysis are 468 weeks from January 2011 to December 2019. All the companies listed on Ho Chi Minh City Stock Exchange (HOSE), except the companies under two years period from Initial Public Offering (IPO), are considered. The cumulative number of stocks picked is therefore 350 companies. The VNINDEX, which is the Vietnam Stock Index, is used as a reference index for shrinking to a single-index model. The empirical results show that the shrinkage of covariance matrix for portfolio optimization gives the promising results for the investors on Vietnam stock market. The shrinkage method helps the investors to produce the optimal portfolio in the sense of having higher profit with lower levels of risk compared to the portfolio of the traditional SCM method. Moreover, the portfolio turnover of shrinkage method is always kept at low magnitudes, and this makes the shrinkage portfolios save much transaction costs and reduce the liquidity risks in the trading process. In addition, the ability of shrinkage method in making profit is once again confirmed by the Alpha coefficient that achieves a high positive value.

• Journal of Distribution Science
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• v.18 no.11
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• pp.31-39
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• 2020

Purpose: This study attempts to explain why online luxury shopping malls have implemented a difficult registration process and membership fees. These features weaken online shopping convenience, one of the major reasons why people shop online instead of offline. Therefore, this study scrutinizes the effects of membership features on trust, focusing on the moderating effects of registration difficulty and membership fees. Research design, data and methodology: A survey method with a total of 296 survey data was used. A 2 × 2 × 2 factorial design was employed. The three independent variables are price discount rate (20% vs. 70%), registration difficulty (low vs. high), and membership fees (yes vs. no). Results: The results reveal that a price discount rate has a negative effect on trust, whereas membership fees and registration difficulty moderate its negative effect on trust. Conclusions: A high price discount rate lowers trust for online luxury shopping malls. Meanwhile, registration difficulty and membership fees can be used to prevent consumers from losing trust caused by the high price discount rate. Therefore, registration difficulty and membership fees are signals implying that not everyone can use these private online shopping malls, which provide low prices for luxury items.

• Journal of Korean Academy of Oral and Maxillofacial Radiology
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• v.24 no.2
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• pp.305-316
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• 1994

The comparative detectability of the artificial defects among conventional radiographs, digital images and digital subtraction images was evaluated. The artificial defects were made within spogy bone of 24 unilateral mandibles of adult dogs. The results were as follows: 1. With normal exposure time, the detectability of digital subtraction radiographs was 90.3% which was statistically significant superior to those of conventional radiographs(78.0%) and digital images(75.9%) (p<0.05). 2. With half-exposure time, the detectability of conventional radiographs, digital images and digital subtraction radiographs was 68.4%, 67.3% and 69.9% respectively. There was no statistical significant difference among the detectability of these methods(p>0.05). 3. All radiographic images with normal exposure time showed statistically significant superior detectability to those with half-exposure time(p<0.05). 4. The detectability of digital subtraction radiographs was not linearly related to the standard deviation of the grey levels of reference line(p<0.05).

• The Journal of Korean Academy of Prosthodontics
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• v.43 no.4
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• pp.453-465
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• 2005

Purpose: This study was performed to measure the accuracy of adjustable dental impression trays by a scanning laser three-dimensional digitizer. Materials and methods: The metal stock, individual, and adjustable stock trays were used for 60 stone casts(10 casts each) duplicated a resin master model of mandible and maxilla. The type IV dental stone was poured in a vinyl polysiloxane impressions and allowed to set for one hour. The master model and the duplicated casts were digitized using an optical digitizer. The distance between the reference points were measured and analyzed on the graphic image of 3-D graphic software(CATIA version 5.0). The statistical significance of the differences between the groups was determined by a two-way ANOVA. Results : There were no significant differences between the accuracies of the adjustable stock tray and the master model except only anterior arch width on the upper arch and the diagonal arch length and arch length on one side of the lower arch. Conclusion: The adjustable stock trays showed clinically acceptable accuracies of the study cast produced by them.

• Proceedings of the KSME Conference
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• 2000.04b
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• pp.625-630
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• 2000

Numerical and experimental investigations are peformed for the rarefied gas flows in pumping channels of a helical-type drag pump. Modern turbomolecular pumps include a drag stage in the discharge side, operating roughly in $10^{-2}{\sim}10Torr$. The flow occurring in the pumping channel develops from the molecular transition to slip flow traveling downstream. Two different numerical methods are used in this analysis: the first one is a continuum approach in solving the Navier-Stokes equations with slip boundary conditions, and the second one is a stochastic particle approach through the use of the direct simulation Monte Carlo(DSMC) method. The flow in a pumping channel is three-dimensional(3D), and the main difficulty in modeling a 3D case comes from the rotating frame of reference. Thus, trajectories of particles are no longer straight lines. In the Present DSMC method, trajectories of particles are calculated by integrating a system of differential equations including the Coriolis and centrifugal forces. Our study is the first instance to analyze the rarefied gas flows in rotating frame in the presence of noninertial effects.

• Journal of Wetlands Research
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• v.7 no.4
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• pp.51-65
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• 2005

The insects and Benthic Macro-Invertebrates are very important for index of investigation. This reserch is executed a field investigation with a date analysis of the laboratory under such as above hypothesis and we have grasped the change of the creature according to the season through the executing of field investigation(We executed six times about the insects, seven times about the Benthic Macro-Inbertebrates each expending from Apr. to Oct. 2004). The result of summary in 2004 show that, we have grasped 12 orders 56 familys 116 species on 2001 and 10 orders 42 familys 78 species on 2002 through the investigation. Also we have grasped 13 orders 53 familys 114 species on 2003 and 12 orders 63 familys 121 speceies on 2004 through the investigation. In the case of enthic Macro-Invertebrates, we executed the analysis through the investigation result expending from 2003 to 2004 due to there is no literature investigation record from 2001 to 2002. We have grasped 8 orders 17 familys 24 species on 2003 and 7 orders 11 familys 24 species on Aug. 2004 through the investigation. We executed the analysis about an each condition due to it is difficult to compare the above result simply by the various variable at the investigation. We expect that it become the fundamental reference data to establish a efficient mode of life undo plan after grasped the inhabitation and movement route of creature inside the river through this reserch.

• Biotechnology and Bioprocess Engineering:BBE
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• v.2 no.2
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• pp.141-146
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• 1997

A new sensing system based on the immobilization of luminescent batcteria, Photobacterium phosphoreum, was proposed for continuous real-time monitoring of polluants. The response curves demonstrate that Photobacterium phosphoreum immobilized on the strontium alginate was very sensitive to seven reference chemicals used. The significant inhibitory concentrations for bioluminescence emission were 5 ppm for Pb(NO3)2, NiCl2, CdCl2, 50 ppm for NaAsO2, 0.1ppm for HgCl2, 0.5ppm for pentachlorophenol and less than 5ppm for SDS, respectively. The alginate mixed-cells (AMC) retained their luminescence during experimental period (29 days) under storage condition of -8$0^{\circ}C$. The variables affecting performance of continuous flow through monitoring (CFTM) were optimized in order to ensure stability and efficiency. The flow through cell with strontium-alginate immobilized luminescent bacteria was tested with salicylate and 4-nitrophenol and a rapid response of luminescence was recorded by time drive mode in bioluminescence spectrometer after exposure to both toxicants.