• Title/Summary/Keyword: stock discrimination

Search Result 14, Processing Time 0.03 seconds

The Effect of the Male-Female's Labor Market Participated Pattern on the Wage Differentials in Korea (성별 노동시장 참가패턴이 임금격차에 미치는 효과)

  • Ju, Sung Whan;Choi, Jun Hye
    • Journal of Labour Economics
    • /
    • v.24 no.2
    • /
    • pp.63-94
    • /
    • 2001
  • Based on the human capital theory, the wage differentials among laborers are generated from the discrepancy of human capital stock which depends on individual laborer's decision. Hence, the wage differentials among laborers or between male and female are not the results of discrimination, but the results of individual choice. But, if the individual choice for human capital stock would be affected by the male-female discrimination, the explanation for male-female wage differentials base on the human capital stock has a bias. Actually, women have experienced in the discrimination on labor market participation due to gravity, parturition, infant rearing. Also, it is a fact that women have been discriminated against men in labor market owing to social, traditional, and cultural discriminations. If woman or her parent will less invest on human capital than man owing to the existence of discrimination in labor market, the 'expected human capital stock' instead of human capital stock will explain male-female wage differentials better. Therefore, in this study, we set up three models; first model includes working hours, industry, occupation, etc which are in general used as explanatory variables for wage decision, second model includes the variables which reflect the traditional human capital stock together with the first model's explanatory variables, third model employes the 'expected human capital stock' instead of traditional human capital stock. From the empirical test, the estimates of discrimination in three models are .93, .60, and, .48 respectively. This result implies that the male-female wage differentials in Korea can be explained by the discrepancy of 'expected human capital stock'. Since the discrepancy in expected human capital stock depend on the disparity in life-cycle labor force participation, male-female wage differentials can largely be attributed to male-female disparity in expected lifetime labor force participation.

  • PDF

Comparison of Morphomeristic Traits for Stock Discrimination of Gadus macrocephalus from South Sea and Yellow Sea, Korea (우리나라 남해와 서해에서 채집된 대구의 계수 형질 비교)

  • Gwak, Woo-Seok;Joo, Hyeong-Woon
    • Korean Journal of Ichthyology
    • /
    • v.29 no.4
    • /
    • pp.258-260
    • /
    • 2017
  • The morphomeristic features of Gadus macrocephalus was compared using fish samples from Jinhae Bay in the South Sea and Boryeong in the Yellow Sea, Korea. In total, 332 individuals were sampled from 2 locations to investigate the differences in the morphomeristic features and determine applicability of it as a means of stcok discrimination of G. macrocephalus. No significant differences in the number of vertebrae, 1st to 3rd dorsal-fin soft rays, 1st and 2nd anal-fin soft rays, pectoral-fin soft ray, pelvic-fin soft ray, and gill raker were found between two populations from Jinhae Bay and Boryeong. The results of present study revealed that morphomeristic features of G. macrocephalus was not applicable for stock discrimination.

Relationship between Firm Efficiency and Stock Price Performance (기업의 운영 효율성과 주식 수익률 성과와의 관계)

  • Lim, Sungmook
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.41 no.4
    • /
    • pp.81-90
    • /
    • 2018
  • Modern investment theory has empirically proved that stock returns can be explained by several factors such as market risk, firm size, and book-to-market ratio. Other unknown factors affecting stock returns are also believed to still exist yet to be found. We believe that one of such factors is the operational efficiency of firms in transforming inputs to outputs, considering the fact that operations is a fundamental and primary function of any type of businesses. To support this belief, this study intends to empirically study the relationship between firm efficiency and stock price performance. Firm efficiency is measured using data envelopment analysis (DEA) with inputs and outputs obtained from financial statements. We employ cross-efficiency evaluation to enhance the discrimination power of DEA with a secondary objective function of aggressive formulation. Using the CAPM-based performance regression model, we test the performance of equally weighted portfolios of different sizes selected based upon DEA cross-efficiency scores along with a buy & hold trading strategy. For the empirical test, we collect financial data of domestic firms listed in KOSPI over the period of 2000~2016 from well-known financial databases. As a result, we find that the porfolios with highly efficient firms included outperform the benchmark market portfolio after controlling for the market risk, which indicates that firm efficiency plays a important role in explaining stock returns.

Stock Characterization of the Fleshy Prawn (Penaeus chinensis) in the Yellow Sea by Intraspecific Sequence Variation of the Cytochrome c Oxidase Subunit I Gene

  • HWANG Gyu-Lin
    • Korean Journal of Fisheries and Aquatic Sciences
    • /
    • v.29 no.6
    • /
    • pp.876-881
    • /
    • 1996
  • To determine the amount of genetic variation among populations of Penaeus chinensis (Osbeck) in the Yellow Sea, 342 bp region of the mitochondrial cytochrome c oxidase subunit I gene was amplified and sequenced. Six haplotypes, which differ by from one to four nucleotide sustitutions, were detected from 34 individuals of 4 populations examined. Mean sequence divergence between pairs of haplotypes was $0.68\%$. Most individuals from 4 populations were shared by the most common genotype. This genotype was distributed evenly in the Korean and Chinese populations. This result is in accordance with findings observed using RFLPs analysis of mtDNA (Hwang et al., 1997). Therefore, it is suggested that P. chinensis should be treated as one unit stock in the Yellow Sea.

  • PDF

Mitochondrial DNA Analysis of the Fleshy Prawn (Penaeus chinensis) for Stock Discrimination in the Yellow Sea (황해산 대하(Penaeus chinensis)의 계군분석을 위한 미토콘드리아 DNA 분석)

  • HWANG Gyu-Lin;LEE Yong-Chul;CHANG Chung-Soon
    • Korean Journal of Fisheries and Aquatic Sciences
    • /
    • v.30 no.1
    • /
    • pp.88-94
    • /
    • 1997
  • The mitochondrial DNA (mtDNA) restriction fragment length polymorphi는 (RFLPs) of five populations were analyzed to delineate the stocks of Penaeus chinensis (Osbeck) in the Yellow Sea. Comparison of P. chinensis with P. japonicus to clarify the nucleotide divergence between two species was also carried out. Based on the fragment patterns, three composite haplotypes were analyzed in P. chinensis mtDNA as four naplotypes were in P. japonicus. Most individuals of each P. chinensis population are shared by one dominant haplotype. Another two haplotypes haying variations at the C/a I and hull sites were also distributed evenly in the Korean and Chinese populations. It is suggested that the gene exchange occurring between populations in the Yellow Sea is frequent. Average length of the mtDNA molecule was estimated to be about 16.44 kb in P. chinensis and 16.31 kb in P. japonicus, Sequence divergence (p) of mtDNA between two species estimated by using Upholt's (1977) fomula was $13.7\%$.

  • PDF

Robust Hierarchical GLOCAL Hash Generation based on Image Histogram (히스토그램 기반의 강인한 계층적 GLOCAL 해쉬 생성 방법)

  • Choi, Yong-Soo;Kim, Hyoung-Joong;Lee, Dal-Ho
    • Journal of the Institute of Electronics Engineers of Korea CI
    • /
    • v.48 no.1
    • /
    • pp.133-140
    • /
    • 2011
  • Recently, Web applications, such as Stock Image and Image Library, are developed to provide the integrated management for user's images. Image hash techniques are used for the image registration, management and retrieval as the identifier and many researches have been performed to raise the hash performance. This paper proposes GLOCAL image hashing method utilizing the hierarchical histogram which based on histogram bin population method. So far, many researches have proven that image hashing techniques based on histogram are robust image processing and geometrical attack. We modified existing image hashing method developed by our research team. The main idea is that it makes more fluent hash string if we have histogram bin of specific length as shown in the body of paper. Finally, we can raise the magnitude of hash string within same context or feature and strengthen the robustness of hash.

A Study of Middleman's Functions in Fisheries Port Market (수산물 산지 중도매인 기능 변화에 관한 연구)

  • Jang, Young-Soo
    • The Journal of Fisheries Business Administration
    • /
    • v.38 no.3
    • /
    • pp.89-108
    • /
    • 2007
  • The purpose of the study are summarized as follows: First, it has researched the new functions of middleman in Fisheries Port Market. Second, the new functions which middleman have to perform in Fisheries Port Market consist of the origin function, marketing function, logistics function. The origin function consists of the discrimination of fish species and freshness, making the price by auction, financing, etc. Marketing function consists of various species assortment from not only fisheries port market but also non fisheries port market as frozen and import fish markets, finding the new selling markets as not broker but wholesaler, making the price and margin non through the action, processing, etc. Logistics function consist of fish stock, delivery Third, it has recognized the upcoming important problems by building up the new functions as middleman in Fisheries port Market. This study has used a questionnaire to verify 3 hypotheses. Research model, factor analysis, regression analysis. The result of this study are summarized as follows: The origin function influences positively on the effectiveness of middleman's performance in Fisheries port Market. Marketing function influences positively on the effectiveness of middleman's performance. However, logistics function did not directly influences on the effectiveness of middleman's performance.

  • PDF

A Geochemical Study of the Alkali Granite in the Kyeomyeongsan Formation (충주지역 계명산층 내에 산출하는 알카리 화강암의 지구화학적 연구)

  • Kim, Jin-Seop;Park, Meong-Eon;Kim, Gun-Soo
    • Economic and Environmental Geology
    • /
    • v.31 no.4
    • /
    • pp.349-360
    • /
    • 1998
  • The alkali granite occurred as small stock and dyke is distributed in the Kyeomyeongsan Formation in the vicinity of the Chungju city. Geochemical characteristics in major and trace element of alkali granite in the Kyeomyeongsan Formation indicate that the alkali granites are peralkaline and have similar geochemical features to the A-type alkali granite. The rock enriched in HFSE such as Zr, Nb, Y, REE etc. According to the discrimination diagram the alkali granites mostly belong to the within-plate granite field, and to the $A_1$ group of A-type granite. This suggests that they might be emplaced in a extentional rift environment. The alkali granites are characterized by remarkably high total REE content, and enriched, relatively flat to somewhat HREE-depleted patterns with large negative Eu anomaly. The Sm-Nd age of the alkali granite is $338{\pm}30Ma$ with ${\varepsilon}_{Nd(t)}$ beings -7.3 to -8.5. On the basis of the geochemical studies the source magma was derived from a enriched mantle-like source and had a few or clearly interaction with sialic continental crust. In conclusion, the alkali granitic rock of the Kyeomyeongsan Formation might be formed from the high F peralkaline magma that was emplaced in continental rift environment, and generated at the early Carboniferous.

  • PDF

Debt Finance among Vietnamese Enterprises: The Influence of Managers' Gender

  • HO, Hoang Lan;DAO, Minh Hoa;PHAN, The Cong
    • The Journal of Asian Finance, Economics and Business
    • /
    • v.7 no.9
    • /
    • pp.229-239
    • /
    • 2020
  • This paper examines the impact of gender on access to debt finance among Vietnamese enterprises. The paper investigates data and variables retrieved from the World Bank Enterprise Survey dataset using five Probit models. The regression results suggest that there exist more unfavourable debt financing conditions for women-led firms (WLF), measured as a lower probability of having loan applications fully approved. Firm's age, working sector, and perception of access to finance as a difficulty are found to have explanatory power on the discrimination. More importantly, the perception of debt finance as a difficulty or firms' level of confidence significantly explains the variance of the dependent variable of probability of loan approval, or gender effect would be more pronounced if the firm already has a low level of confidence. The paper also contributes in testing for the gender effect on Vietnamese enterprises from different sectors and scale, unlike other prior research papers focusing on specific sectors and/or small and medium enterprises only. The findings are highly useful for Vietnamese credit institutions to set out a specific business policy to attract more WLFs and help promoting gender equality in the working environment, especially in debt financing, which is often neglected in existing regulation and policy frameworks.

Development of Molecular Marker to Distinguish Octopus minor Sasaki Caught in Korea and that in China (한국산과 중국산 낙지구별을 위한 DNA 마커)

  • Kim, Joo-Il;Oh, Taeg-Yun;Yang, Won-Seok;Cho, Eun-Seob
    • Journal of Life Science
    • /
    • v.18 no.2
    • /
    • pp.284-286
    • /
    • 2008
  • Octopus minor (O. minor) is widely distributed along the coastal regions of Korea, but most of them are caught in southern waters which are associated with one of the important fisheries stock. At present, O. minor from China has been introduced to the fishery markets in Korea. Here, we attempt to discriminate their origin for Korea or China using molecular techniques. Based on the O. minor mitochondrial DNA sequence, we developed a PCR-based origin discrimination system. The assay specificity was assessed by testing four individuals of O. minor from Sangdong, China, as well as 20 additional O. minor from Namhae, Muan, Yeosu and Jindo, Korea. Only four isolates of O. minor originated from China tested as positive in our distinction system. All PCR-positive products yielded identical sequences from Chinese O. minor, whereas Korean O. minor appeared to be PCR amplification. This result suggested that the primers used in this study are O. minor species specific, especially originated from China. The detection system appeared to be positive results in the use of 0.1 ng of Chinese O. minor DNA as template, however, the Korean O. minor even using $1{\mu}g$ of DNA showed no amplification. Consequently, the assay provides a simple, rapid and accurate method for the detection of Chinese O. minor.