• 한국산학기술학회논문지
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• 제18권11호
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• pp.637-643
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• 2017

본 연구는 기업설명회(Investor Relations; IR) 개최기업의 회계이익의 질을 검증하였다. 이를 위해 회계이익-과세소득 차이 변동성(Book-Tax Difference Variability) 정보를 회계이익의 질 대리변수(proxy)로 활용하여 실증분석을 실시하였다. 연구표본은 2011년부터 2016년까지의 12월 결산 유가증권 상장기업 중 금융업을 제외한 2,106개 기업연도이다. 실증분석 결과는 다음과 같다. 기업설명회 개최여부 및 개최횟수는 모두 회계이익-과세소득 차이 변동성과 음(-)의 관련성을 나타냈다. 또한 연구결과의강건성을 위해 기업설명회를 개최한 연구표본만을 대상으로 한 추가분석에서도 기업설명회 개최여부 및 개최횟수는 회계이익-과세소득 차이 변동성과 음(-)의 관련성을 나타냈다. 따라서 본 연구에 의하면 기업설명회를 개최하거나 더 자주 개최하는 기업일수록 회계이익의 질이 높을 것으로 기대할 수 있다. 본 연구는 기업설명회 개최기업의 회계이익의 질을 회계이익-과세소득 차이 변동성 정보를 통해 검증함으로써, 기업설명회 관련 선행연구를 확장하였다. 또한 본 연구가 건전한 자본시장의 발전에 도움이 되기를 기대한다.

• 펄프종이기술
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• 제43권4호
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• pp.49-58
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• 2011

The maximum drying shrinkage velocity was proposed to verify bulk and stiffness improvement mechanism during drying according to papermaking parameters. It was based on the wet-web shrinkage behavior without the restraint of wet-web during drying, so intact drying impact could be measured. Bulking agent reduced the drying shrinkage and the maximum drying shrinkage velocity, so paper bulk increased and paper strength decreased. When adding cationic starch to stock with the bulking agent for strengthening, the bulk was increased further with additional decreasing of the drying shrinkage and the maximum drying shrinkage velocity. Paper strength also increased except tensile stiffness index with decreasing the drying shrinkage and the maximum drying shrinkage velocity. When using additional strength additives for strengthening of fiber interfaces extended by bulking agent and cationic starch, amphoteric strength additive increased paper stiffness without loss of paper bulk. It was considered that the added amphoteric strength additives were cross-linked to the stretched cationic starch and this cross-linking increased elasticity of fiber-polymer-fiber interfaces without changing the drying behavior. Paper bulk could be increased with decreasing the maximum drying shrinkage velocity. The drying shrinkage of paper also could be controlled by fiber-to-fiber bonding interfaces by the bulking agent. In this case, paper strength including stiffness was decreased by reducing fiber-to-fiber bonding but it could be improved by strengthening fiber-to-fiber interfaces with polymer complex without loss of bulk.

• 한국콘텐츠학회논문지
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• 제14권3호
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• pp.374-384
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• 2014

우리나라 유가증권시장의 추세 흐름과 투자자들의 투자 포지션의 관계를 중심으로 투자자들의 거래가 어떠한 특징을 갖는지를 실증적으로 분석하였다. 연구 대상 기간은 2004년 1월부터 2011년 12월까지 8년간인 총 96개월의 1,991일간이다. 분석에 사용된 자료는 한국종합주가지수(KOSPI)와 각 거래집단의 총매수량과 매도량, 매수대금과 매도대금 등이다. 매월 말과 매일 종가 두 자료를 이용하여, 각 집단 간의 상관관계를 검정하고 회귀분석을 하였다. 본 연구는 시장을 장기적인 관점에서 국면을 세분화하여 각 투자집단의 투자 포지션을 검정하였다. 외국인들과 기관들은 주로 고가 종목에 대한 거래에 집중되었다는 것을 알 수 있었다. 그리고 국면을 좀 더 세분화하여 검정한 결과 외국인 투자자들은 기관들과는 달리 상승3기에 지수가 상승할 경우 증시에서 빠져나가는 현상을 볼 수 있었다. 하락 말기에 개인들은 매도를 증가시키고 있다는 것을 알 수 있었다. 일반적으로 개인들은 시장의 흐름과 역행하면서, 외국인 투자자들의 상대방이 되어 반대 포지션을 선택하고 있다고 할 수 있을 것 같다.

• 한국수산과학회지
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• 제53권1호
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• pp.50-56
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• 2020

Determination of the precise size at sexual maturity is very important for science-based stock assessment and fisheries resource management. In this study, two different models, (1) a visual method and (2) a gonadosomatic index (GSI) method, were employed to estimate length at sexual maturity of the small yellow croaker Larimichthys polyactis in the Yellow Sea of Korea. The visual method is a common qualitative method using visual gonadal identification. Conversely, the GSI method is a quantitative method using the GSI, which can be easily and precisely collected. We compared results from these methods to determine the best approach, and to examine the practicality of the GSI method. Logistic regression of the maturity ogive was conducted using a general linear model (GLM) with the R statistics program. Also, the bootstrapped 95% confidence intervals of all estimates were calculated. The best-fit model was the visual method (R_Mc²=0.805, AUC=0.989, L₅₀=15.1). Among models using the GSI method, the model computing GSI_ref=0.94 was the best-fit model (R_Mc²=0.792, AUC=0.989, L₅₀=15.2). There was no significant difference between the two models, evidencing the effectiveness and accuracy of the GSI method.

• Nutrition Research and Practice
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• 제6권3호
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• pp.238-245
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• 2012

This study investigated the preference and intake frequency of a list of 15 commonly available high sodium Malaysian foods/dishes, dis cretionary salt use, and their possible association with demographics, blood pressures and anthropometric measurements among 300 Malaysian university students (114 males, 186 females; 259 ethnic Chinese, 41 Indians; 220 lean, 80 overweight). French fries and instant soup noodle were found to be the most preferred and most frequently consumed salty food, respectively, while salted fish was least preferred and least frequently consumed. Males had a significantly higher intake frequency of at least 6 of the salty foods, but the preference of most salty foods was not significantly different between genders. Ethnic Chinese significantly preferred more and took more frequently traditional and conventional Malaysian foods like asam laksa (a Malaysian salty-sour-spicy noodle in fish stock), salted biscuits and salted vegetable, while Indians have more affinity and frequency towards eating salty Western foods. Body Mass Index was significantly negatively correlated with the intake frequency of canned/packet soup and salted fish while waist circumference was significantly positively correlated with the preference of instant noodle. Also, an increased preference of potato chips and intake frequency of salted biscuits seemed to lead to a decreased WHR. Other than these, all the other overweight/obesity indicators did not seem to fully correlate with the salty food preference and intake frequency. Nevertheless, the preference and intake frequency of asam laksa seemed to be significant negative predictors for blood pressures. Finally, increased preference and intake frequency of high sodium shrimp paste (belacan)-based foods like asam laksa and belacan fried rice seemed to discourage discretionary salt use. In conclusion, the preference and intake frequency of the high sodium belacan-based dish asam laksa seems to be a good predictor for ethnic difference, discretionary salt use and blood pressures.

• 응용통계연구
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• 제25권1호
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• pp.29-43
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• 2012

주식, 환율 등과 같은 금융자료의 수익률의 분포는 정규분포에 비해 꼬리가 두껍고, 좌우 비대칭성을 보인다. 조건부수익률이 정규분포를 따른다고 가정한 GARCH 모형을 이용하여 VaR을 추정하였을 때, 이러한 비정규성 때문에 적절한 추정이 이루어지지 않고, VaR을 초과하는 손실의 발생과정에 군집(clustering)현상이 발생하는 문제점이 있다. 이러한 문제를 해결하기 위해, 본 논문에서는 조건부수익률의 분포로 unbounded Johnson 분포를 이용한 GARCH 모형을 이용하여 VaR을 추정한다. 또한, 조건부수익률이 각각 정규분포, Student-t 분포를 따르는 GARCH 모형의 경우와 비교하였다. 초과손실 발생과정 자료를 이용하여 실패율검정과 군집성검정을 통해 조건부수익률 분포로 unbounded-Johnson 분포를 사용하는 방법의 타당성을 살펴보았다. Unbounded Johnson 분포가 조건부수익률 분포로 주어지는 GARCH 모형의 경우는 과소, 과대추정을 하지 않고, 군집현상 또한 발생하지 않아 적절한 추정을 하고 있음을 확인하였다.

• 농촌계획
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• 제16권4호
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• pp.109-116
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• 2010

Climate change is known to affect both natural and managed ecosystems, and will likely impact on the terrestrail carbon balance. This paper reports the effects of climate change on spatial-temporal changes in carbon reductions in South Korea's during 2000-2100. Future carbon (C) stock distributions are simulated for the same period using various spatial data sets including land cover, net primary production(NPP) and leaf area index (LAI) obtained from MODIS(Moderate Resolution Imaging Spectroradiometer), and climate data from Data Assimilation Office(DAO) and Korea Meteorological Administration(KMA). This study attempts to predict future NPP using multiple linear regression and to model dependence of soil respiration on soil temperature. Plants store large amounts of carbon during the growing periods. During 2030-2100, Carbon accumulation in vegetation was increased to $566{\sim}610gC/m^2$/year owing to climate change. On the other hand, soil respiration is a key ecosystem process that releases carbon from the soil in the form of carbon dioxide. The estimated soil respiration spatially ranged from $49gC/m^2$/year to $231gC/m^2$/year in the year of 2010, and correlating well with the reference value. This results include Spatial-Temporal C reduction variation caused by climate change. Therefore this results is more comprehensive than previous results. The uncertainty in this study is still large, but it can be reduced if a detailed map becomes available.

• 기술혁신연구
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• 제10권1호
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• pp.98-123
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• 2002

This study develops a Korean R&D Scoreboard which has originated from the R&D Scoreboard in United Kingdom. The Scoreboard contains details of the R&D investment, sales, growth, profits and employee numbers for Korean companies which are extracted from company annual reports and key ratios calculated, with some movements over time. Companies are classified by the Korea Standard Industrial Classification. The Scoreboard contains 190 companies which consist of 100 largest companies and 30 middle-or small-sized firms listed in Korea Stock Exchange (KSE), and 30 ventures and 30 other firms listed in KOSDAQ. The overall company R&D intensity (R&D as a percentage of sales) is 2.1% compared to the international average of 4.2%. Korea has an unusually large R&D percentage of sales in IT hardware (4.9%) and telecommunication (3.7%). R&D intensity is positively correlated with company performance measures such as profitability, sales growth, productivity and market value. For largest companies listed in KSE and ventures listed in KOSDAQ, the ratio of operating profit to sales is greater for high R&D intensity companies. Sales growth is in proportion to R&D intensity for all companies. Plots of value added per employee or sales per employee vs R&D per employee rise together for the sectors studied, especially for the chemical sectors and automobile sectors, demonstrating a correlation with productivity. The average market value of high R&D companies in the KSE has risen more than 1.6 times that of the KOSPI 200 index. Given the correlation between R&D intensity and company performance and given that R&D is a smaller percentage of surplus (profits plus R&D) than international level (both overall and in several sectors), the challenges facing Korean companies are to maintain the leading position in IT hardware and telecommunication, and to increase the intensity of R&D in many medium-intensive R&D sectors where Korea has an average intensity well below international or US levels.

• 한국산학기술학회논문지
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• 제5권6호
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• pp.580-587
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• 2004

본 논문의 목적은 주가지수 선물시장에서 선물의 가격과 거래량간 관계를 분석하는 것이다. 이를 위하여 선물수익률과 거래량 변화율을 이용하여 거래량과 선물가격간의 관계를 분석하였다. 거래량 변화율과 선물수익률간의 관계를 검증하기에 앞서 각각의 시계열에 대한 안정성 검증을 실시한 결과, 거래량 변화율과 선물수익률은 모두 안정적인 시계열인 것으로 나타났다. VAR모형을 이용한 선물수익률과 거래량 변화율간 관계에 대한 분석결과, 기간별 분석결과에서는 전체기간에서 주가지수 선물수익률이 거래량 변화율을 -3차에서 강하게 선도하는 것으로 나타났으며, 선물시장의 추세에 따른 분석결과는 선물가격의 상승시에는 거래량 변화율이 선물수익률을 선도하는 반면, 선물가격이 하락하는 경우는 선물수익률이 거래량을 선도하는 것으로 나타나고 있다. 또한, 상승기에 거래량변화율이 선물수익률을 선도하는 정도보다는 하락기에 선물수익률이 거래량 변화율을 선도하는 계수의 크기가 크게 나타나고 있다.

• 자원환경지질
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• 제31권5호
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• pp.399-413
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• 1998

Daegang granite is located around the Namwon-gun, Cheolabuk-do, and is an elongate stock $(80 km^{2})$ in the NNE-SSW direction. Daegang granite has the very same mineralogical and geochemical characteristics as those of the typical A-type granites; (1) it is a one feldspar hypersolvus granite, and is classified as an alkali feldspar granite in the lUGS scheme, (2) has small amounts of Fe-rich biotite (annite) and alkali amphibole (ribeckite) that are late in the crystallization sequence of the granitic magma, (3) always contains opaque oxides, fluorite and zircon, (4) shows high and quite homogeneous $SiO_2$, content (mostly 72~77 wt.%) and $(Na_{2}O+K_{2}O)/Al_{2}O_{3}$ ratio (0.90~0.98), (5) contains high Ga, lOOOO*Ga/Ai, $K_{2}O+Na_{2}O$, $(K_{2}O+Na_{2}O)/CaO$, $K_{2}O/MgO$, FeO/MgO, agpaitic index, Zr, Nb, Ce, Y, Zn value or ratio that resemble to those of the Australian A-type granites (Whalen et al., 1987), and (6) has enriched LREE and HREE that show flat variation pattern with slightly depleted in HREE and profound Eu anomalies (Eu/Eu*=0.04~0.l4). In the tectonic discrimination diagrams of Pearce et al. (1984) and Eby (1992), Daegang granite is classified as a within plate granite and $A_{2}-type$.