• Title/Summary/Keyword: relative risks

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How the Lender-Borrower Relationship Influences M&As: an Analysis of a Strategic Action in Japan

  • Koo, Ja-Seung
    • Journal of Distribution Science
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    • v.14 no.8
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    • pp.93-100
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    • 2016
  • Purpose - This study examines lenders' reactions to M&A, based on the strength of the lender-borrower relationship and the lender's expectations of the potential benefits or risks of the deal. Research design, data, and methodology - This research addresses the lender's influence on the implementation stage of a large-scale strategic action such as M&A to understand the motivation and dynamics of lenders' responses and empirically examines how the lender-borrower relationship influences the focal firm's merger and acquisition (M&A) transactions, using data on 501 M&A deals in Japan from 1990 to 2010. Results - The presented analysis found that lenders that have a strong lender-borrower relationship, especially those showing a high debt equity ratio, support borrowers' M&A progress and the target firm's lenders resist the deal progressing and may raise the acquisition premium if their current power relative to borrowers is weak. Conclusions - Stakeholders including lenders do not favor strategies of focal firms that threaten their future benefits, while they also tend to estimate the potential benefits and losses by comparing their current circumstances with those of other stakeholders. The empirical results of the presented analysis help explain the mechanism of lenders' reactions and offer insights into the power of a closer and stronger lender-borrower relationship.

Health Effects of Environmental Asbestos Exposure (환경성 석면노출의 건강영향)

  • Kang, Dong-Mug
    • Journal of Environmental Health Sciences
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    • v.35 no.2
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    • pp.71-77
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    • 2009
  • In Korea, asbestos related diseases (ARDs) associated with occupational and environmental asbestos exposures have been reported, and commercial products contaminated with asbestos have gathered huge public attentions recently. Review of previous studies was conducted. Whereas asbestos consumptions among developed countries have decreased, those of Asian countries have increased, which showed typical international transfer of hazardous industries. In Korea residents around former asbestos mines had ARDs, which were reported in many countries such as South Africa, Canada and Australia. ARDs among residents around asbestos factories were found in many countries such as United Kingdom, United States and Italia, and increased relative risks were reported among residents around asbestos textile factories in Korea. Increased air asbestos concentrations by environmental asbestos leakages from factories were correlated with higher malignant mesothelioma incidence rates. When air dispersion model applied, excess incidence rate as far as 2.5 km from a factory were observed. As mesothelioma incidence rate, a representative index of ARD, in Korea has not reported systemically, mandatory reporting system by health personnel who diagnose the disease needs to be introduced. It is hard to conclude that commercials with contaminated asbestos do not have adverse health effects, and further studies are needed to solve these public questions.

A Study on Residual Compression Behavior of Structural Fiber Reinforced Concrete Exposed to Moderate Temperature Using Digital Image Correlation

  • Srikar, G.;Anand, G.;Prakash, S. Suriya
    • International Journal of Concrete Structures and Materials
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    • v.10 no.1
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    • pp.75-85
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    • 2016
  • Fire ranks high among the potential risks faced by most buildings and structures. A full understanding of temperature effects on fiber reinforced concrete is still lacking. This investigation focuses on the study of the residual compressive strength, stress strain behavior and surface cracking of structural polypropylene fiber-reinforced concrete subjected to temperatures up to $300^{\circ}C$. A total of 48 cubes was cast with different fiber dosages and tested under compression after exposing to different temperatures. Concrete cubes with varying macro (structural) fiber dosages were exposed to different temperatures and tested to observe the stress-strain behavior. Digital image correlation, an advanced non-contacting method was used for measuring the strain. Trends in the relative residual strengths with respect to different fiber dosages indicate an improvement up to 15 % in the ultimate compressive strengths at all exposure temperatures. The stress-strain curves show an improvement in post peak behavior with increasing fiber dosage at all exposure temperatures considered in this study.

Analysis of Infiltration Area using Prediction Model of Infiltration Risk based on Geospatial Information (지형공간정보 기반의 침투위험도 예측 모델을 이용한 최적침투지역 분석)

  • Shin, Nae-Ho;Oh, Myoung-Ho;Choe, Ho-Rim;Chung, Dong-Yoon;Lee, Yong-Woong
    • Journal of the Korea Institute of Military Science and Technology
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    • v.12 no.2
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    • pp.199-205
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    • 2009
  • A simple and effective analysis method is presented for predicting the best infiltration area. Based on geospatial information, numerical estimation barometer for degree of infiltration risk has been derived. The dominant geospatial features influencing infiltration risk have been found to be area altitude, degree of surface gradient, relative direction of surface gradient to the surveillance line, degree of surface gradient repetition, regional forest information. Each feature has been numerically expressed corresponding to the degree of infiltration risk of that area. Four different detection probability maps of infiltration risk for the surveillance area are drawn on the actual map with respect to the numerically expressed five dominant factors of infiltration risks. By combining the four detection probability maps, the complete picture of thr best infiltration area has been drawn. By using the map and the analytic method the effectiveness of surveillance operation can be improved.

Purchase Decision Factors on Clothing in Internet Shopping Mall (인터넷 쇼핑몰에서의 의류제품 구매결정요인)

  • Ji, Hye-Kyung
    • Journal of the Korea Fashion and Costume Design Association
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    • v.14 no.2
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    • pp.185-198
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    • 2012
  • This study aims to find out the influential factors and the relative power of these factors on the clothing purchase decision in internet shopping mall. For this purpose, this study surveyed 500 male and female consumers in their 20's~40's for empirical analysis who have ever purchased clothing through internet shopping malls. Respondents are selected using the convenience sampling through internet survey in August 2011. For statistical analysis descriptive statistics, reliability analysis, factor analysis and regression analysis are carried out using SPSS for Windows 12.0. The results are as follows. First, purchase decision is significantly affected by the expressional/physical properties of the product and product pictures. Second, purchase decision is significantly affected by the usefulness of shopping mall and the importance of purchase. Third, in consumer related factors, product value awareness, reliability of shopping mall, clothing involvement, psychological/economical perceived risks and age affect purchase decision. Fourth, in the regression analysis of the above significant variables on purchase decision, the order of power of these influential factors is expressional/physical properties of product, the importance of purchase, product picture, age and clothing involvement. The results of this study will help internet fashion enterprises to handle the variables of product, shopping mall, and consumer related for enhancing the purchase rate.

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Allium Vegetables and Risk of Prostate Cancer: Evidence from 132,192 Subjects

  • Zhou, Xiao-Feng;Ding, Zhen-Shan;Liu, Nai-Bo
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.7
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    • pp.4131-4134
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    • 2013
  • Objective: To evaluate the relationship between allium vegetable intake and risk of prostate cancer. Methods: A systematic literature search up to May 2013 was carried out in PubMed, EMBASE, Scopus, Web of Science, Cochrane register, and Chinese National Knowledge Infrastructure (CNKI) databases, and the references of retrieved articles were also screened. The summary relative risks with 95% confidence interval for the highest versus the lowest intake of allium vegetables were calculated. Heterogeneity and publication bias were also evaluated. Results: A total of nine epidemiological studies consisting of six case-control and three prospective cohort studies were included. We found a significantly decreased risk of prostate cancer for intake of allium vegetables (OR=0.82, 95% CI 0.70, 0.97). Moreover, in the subgroup analysis stratified by allium vegetable types, significant associations were observed for garlic (OR=0.77, 95% CI 0.64-0.91) but not onions (OR=0.84, 95% CI 0.62-1.13). Conclusions: Allium vegetables, especially garlic intake, are related to decreased risk of prostate cancer. Because of the limited number of studies, further well-designed prospective studies are warranted to confirm the findings of our study.

Changes in the Attributable Burden of High Temperatures on Deaths (하절기 기온상승으로 인한 사망의 기여부담 변화)

  • Ha, Jongsik
    • Journal of Environmental Health Sciences
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    • v.38 no.6
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    • pp.460-471
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    • 2012
  • Objectives: Due to global warming resulting from climate change, there has been increasing interest in the relationship between temperature and mortality. These temperature-related deaths depend on diverse conditions related to a given place and person, as well as on time. This study examined changes in the impact of high temperatures on death in summer, using the effect and burden of elevated temperatures on deaths in Seoul and Daegu. Methods: A Poisson regression model was used to estimate short-term temperature effects on mortality. Temperature-related risks were divided into three time periods of equal length (1996-2000, 2001-2005, and 2006-2010). In addition, in order to compare the impact of high temperatures on deaths, this study calculated the proportion of attributable deaths to population, which simultaneously considers the threshold and the slope above the threshold. Results: The effect and burden of high temperatures on deaths is high in Daegu. However, the impact (i.e. the effect and burden) of elevated summer temperatures on deaths has declined over the past 15 years. Sensitivity analyses using alternative thresholds show the robustness of these findings. Conclusion: This study suggests that the attributable burden of high temperatures on deaths to be more plausible than relative risk or threshold for comparing the health impact of high temperatures across populations. Moreover, these results contain important implications for the development or the adjustment of present and future strategies and policies for controlling the temperature-related health burden on populations.

Cigarette Smoking and Prostate Cancer Risk: Negative Results of the Seoul Male Cancer Cohort Study

  • Bae, Jong-Myon;Li, Zhong-Min;Shin, Myung-Hee;Kim, Dong-Hyun;Lee, Moo-Song;Ahn, Yoon-Ok
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.8
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    • pp.4667-4669
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    • 2013
  • We evaluated cigarette smoking as a risk factor for prostate cancer in a prospective, population-based cohort study. The subjects were 14,450 males among the participants in the Seoul Male Cancer Cohort Study who had at least 1-year follow-up. They were followed up between 1993 and 2008. During the 16-year follow-up period, 87 cases of prostate cancer occurred over the 207,326 person-years of the study. The age-adjusted relative risks of past and current smokers at entry were 0.60 (95%CI: 0.34-1.06) and 0.70 (95%CI: 0.43-1.13), respectively, suggesting that cigarette smoking may not be a risk factor for prostate cancer. The relationship between prostate cancer and other modifiable factors, such as Westernized diet, should be studied with the goal of establishing prevention programs for prostate cancer.

Processed Meat Consumption and Squamous Cell Carcinoma of the Oesophagus in a Large Case-Control Study in Uruguay

  • Stefani, Eduardo De;Boffetta, Paolo;Ronco, Alvaro Luis;Deneo-Pellegrini, Hugo;Correa, Pelayo;Acosta, Gisele;Mendilaharsu, Maria
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.14
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    • pp.5829-5833
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    • 2014
  • Background: The role of processed meat in the aetiology of squamous cell oesophageal cancer has been explored in detail. Methods: In the time period 1990-2005, a case-control study was conducted in Montevideo, Uruguay including 2,368 participants (876 cases of oesophageal cancer and 1,492 controls). Relative risks, approximated by the odds ratios, were estimated by multiple unconditional logistic regression. Results: Processed meat was positively associated with oesophageal cancer (upper quartile vs lower quartile OR 2.30, 95%CI 1.72-3.07), whereas salted meat intake was positively associated with squamous cell oesophageal cancer (OR 3.82, 95%CI 2.74-5.33). Finally other cured meats were positively associated with oesophageal cancer (OR 1.65, 95%CI 1.22-2.22). Conclusions: It could be concluded that processed meat consumption could be an important risk factor for the aetiology of squamous cell oesophageal cancer in Uruguay.

Meat Consumption, Animal Products, and the Risk of Bladder Cancer: A Case-Control Study in Uruguayan Men

  • Ronco, Alvaro Luis;Mendilaharsu, Maria;Boffetta, Paolo;Deneo-Pellegrini, Hugo;Stefani, Eduardo De
    • Asian Pacific Journal of Cancer Prevention
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    • v.15 no.14
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    • pp.5805-5809
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    • 2014
  • In the time period 1996-2004, all incident cases of bladder cancer were included in a case-control study in order to study the role of meat consumption and product animals in the etiology of urothelial cancer. The study included 225 cases and 1,510 hospitalized controls with non-neoplastic conditions, not related to smoking and alcohol drinking. Relative risks, approximated by the odds ratios, were calculated in order to clarify the effect of meat consumption in the etiology of urothelial cancer. Total meat consumption (OR 1.47, 95% CI 1.02-2.11), total processed meat (OR 1.57, 95% CI 1.08-2.27), frankfurters (hot dogs) (OR 2.03, 95% CI 1.28-3.21), ham (OR 1.79, 95% CI 1.21-2.67) and salted meat (OR 2.73, 95% CI 1.78-4.18) were positively associated with risk of bladder cancer. Animal products, like cheese, whole milk, and total eggs were also associated with bladder cancer risk (OR for eggs 4.05, 95% CI 2.68-6.12). In conclusion, total meat, processed meat, and eggs could play an important role in the etiology of bladder cancer in Uruguay.