• 산업경영시스템학회지
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• 제32권4호
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• pp.45-52
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• 2009

The objective of this was to improve a transportation cost relation between Central Distribution Centers(CDCs) and Regional Distribution Centers(RDCs), to control inventory cost concerning safety stock for each service level, by reviewing distribution steps connecting CDCs and RDCs under the price discount. It was also to examine and compare operating costs for the following two alternative suggestions for setting the service standard as a counter measure for a stock-out of the distribution network system management. First, provision by dispersing the safety stock to the CDCs and RDCs; and second, exclusive provision of the safety stock only to the RDCs. The cost comparison analysis was made for each category of purchase costs, regular transportation costs, express transportation costs, and inventory holding costs.

• Asia Marketing Journal
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• 제16권1호
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• pp.169-193
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• 2014

The earlier studies have verified that brand values have significant impact on financial values such as stock return and stock price to justify marketing costs for brand building. Except for Mizik and Jacobson (2008), however, little research has addressed what kinds of brand components composing brand values have a significant relationship with financial values. As a follow-up research of Mizik and Jacobson (2008), this research focuses on what kinds of relationships exist between the unanticipated change of each brand asset component and stock return, one of the financial values. The authors selected six brand asset components from the Korea-Brand Power Index(K-BPI) data in which 'Top of Mind,' 'Unaided Awareness,' and 'Aided Awareness' are brand awareness measures and 'Image,' 'Purchase Intention,' and 'Preference' are brand loyalty measures. Out of those six brand components, they found that unanticipated changes of 'Top of Mind,' 'Unaided Awareness,' 'Image,' and 'Preference' have significantly positive effect on unexpected stock return change. Therefore, they conclude that these four brand asset components provide incremental information in explaining unanticipated stock return.

• The Journal of Asian Finance, Economics and Business
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• 제7권5호
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• pp.1-7
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• 2020

This paper investigates the determinants on decision to conduct seasoned equity offerings (SEOs) of listed companies on the Ho Chi Minh Stock Exchange in Vietnam. Seasoned equity offerings (SEOs) are defined as the issue of more stocks by a firm to raise more capital after a primary issue. Using panel data collected from audited financial statements of 99 listed companies on the Ho Chi Minh Stock Exchange during 2014-2018, the study employs a logit regression model by fixed effects method to examine factors that affect the decision to implement seasoned equity offerings of those companies. The findings of this study show that profit, revenue growth and company's size have a positively significant impact on the decision, while dividend pay-out ratio negatively significantly influences the equity issuing decision. Furthermore, these results are robust after controlling for the forms of equity offerings, i.e. bonus stocks, stock dividends and rights to buy shares. These findings are consistent with economic theories such as agency theory, pecking order theory, and growth opportunity theory, and also could be explained by the real situations of the Vietnamese stock exchange. This study has important implications for corporate managers, policy makers and investors.

• 경제분석
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• 제24권3호
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• pp.1-36
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• 2018

재고투자와 경기변동의 관계를 설명하는데 있어 생산평활(production smoothing) 가설과 재고소진 회피(stock-out avoidance) 가설은 서로 상반된 입장을 취하고 있다. 기업의 재고 투자에 관한 의사결정은 두 가지 동기 모두에 의해 영향받을 것으로 생각되지만 경기국면에 따라 각각의 영향력의 상대적 크기 혹은 방향성이 다르게 나타날 수 있다. 이에 본고는 재고투자 동학에서 생산평활 동기와 재고소진 회피동기의 상대적 유의성을 실증적으로 검증하되 경기국면별 비대칭성의 존재와 형태를 규명하는 데 분석의 초점을 둔 점에서 기존 연구와 차별성을 지닌다. 이를 위해 기존의 선형 재고투자 모형을 확장한 비선형 모형을 설정하였으며 이러한 방식이 기존 방식에 비해 우수한 지를 모형의 예측력을 비교 평가하여 확인하였다. 분석 결과, 재고투자 동학의 경기국면별 비대칭적 특성을 확인하였다. 경기 호황기에는 재고소진 회피동기가 나타나지만 생산평활 동기는 유의하지 않았다. 반대로 경기 불황기에는 재고소진 회피동기는 유의하지 않지만 Ramey (1991)에서 제시된 생산비용의 비볼록성에 의하여 재고변화가 경기침체를 심화시키는 경기 의존적 특성을 발견하였다. 경기국면별 비대칭성을 모형에 고려함으로써 그렇지 않은 모형에 비해 예측력을 향상시킬 수 있음을 표본 내 및 표본 외 예측, 다양한 예측력 검정을 통해 확인하였다. 본 연구의 결과는 재고투자의 동학과 경기 불안정화 특성에 대한 이해를 제고하여 경제전망 등에 활용될 수 있을 것으로 기대된다.

• 한국조리학회지
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• 제7권3호
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• pp.45-56
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• 2001

The HPC(High Pressure Cooking) method and the traditional method of brown stock preparation are compared in terms of gelatin, free amino acid and sensory evaluation. The HPC outperform the traditional method. In addition, free amino acid content of brown stock increased when HPC method is applied. In traditional method, however, the contents of free amino acids gradually increased in proportion to the length of heating times. When the HPC method is used for brown stock, the level of alanine and methionine were relatively higher than that of traditional method. In order to measure the quality of brown stock made from different methods, the highly qualified chefs were selected. They favoured the taste and smell made from HPC while they preferred traditional approach to HPC in terms of stickiness and appearance(colour). It is turned out that five hours is the most appropriate heating time for HPC method to obtain the maximum extraction of amino acid. The results suggest that the quality of brown stock from HPC method is not at all inferior to that of traditional brown stock while the HPC approach can improve the level of productivity by saving the labour cost, food cost and time.

• 펄프종이기술
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• 제44권4호
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• pp.62-68
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• 2012

This study was carried out to evaluate the effect of PCC loading at thick stock on the physical properties of paper. The effect of starch addition(2, 4 and 6%) and mixing time(5, 10 and 20 min.) on the filler retention and paper properties were investigated. Optimum dosage of cationic starch as a fixing agent was 4%, and mixing time did not showed any significant effect on the filler retention. PCC loading at thick stock was more effective to improve bulk and opacity than PCC loading at thin stock, although their improvement was not so significant. It was also found that the strength properties could be improved by the loading at thick stock. PCC loading method at thick stock could be considered as one of potential approaches for further improving of paper properties, although further research works are required in order to apply the PCC loading at thick stock in the paper mill.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.761-768
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• 2021

The Islamic capital market in Indonesia is currently developing rapidly marked by the massive growth of sharia stock investors. It is followed by the development of an online sharia trading platform by stock brokerage companies so that investors can transact online sharia shares. From the number of existing stock investors, however, there are still very few Islamic stock investors who repurchase shares after the previous purchase. This really attracted the attention of researchers to investigate the repurchase intention of sharia share in the Indonesia stock market. 415 samples who are Islamic stock investors in the Indonesia stock market have filled out distributed questionnaires. Then, the data was processed using SEM Amos. The results of this study found that perceived enjoyment, perceived ease to use, and expectation have a positive and significant effect on investor satisfaction. Then, perceived enjoyment and expectation have a positive and significant effect on repurchase intention, while perceived ease to use has a negative and insignificant effect on repurchase intention, but has a positive effect through the mediating variable investor satisfaction. Investor satisfaction has a positive and significant effect on repurchase intention, and investor satisfaction is a good mediator for the exogenous variables in this study.

• The Journal of Asian Finance, Economics and Business
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• 제8권9호
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• pp.287-300
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• 2021

The study is conducted to find out the impact of the country- and corporate-level governance and firm internationalization on stock liquidity of 120 listed firms in Japan, Hong Kong, Pakistan, and India. Panel data is used in the current study. The annual time span covered in the current study is 10 years. The current study explores results based on secondary data. The findings of the 'robust panel corrected standard error' estimator shows that the internationalization strategy of firms positively influences the stock liquidity. The internationalization strategy of multinational corporations proves to be an effective methodology for improving stock liquidity in the home market as well as abroad. The study also shows that a stronger relationship exists between stock liquidity and internationalization in those countries where the regulatory settings are effective, the judiciary system is efficient and shareholders' rights are protected. Corporate governance and stock liquidity are negatively associated. The study also finds a negative relationship between country-level governance mechanisms and stock liquidity. Whereas the 'robust panel corrected error' estimator shows a positive association between corporate governance mechanisms and firm internationalization. The study depicts that effective corporate governance motivates multinational companies to expand their business abroad.

• 한국잠사곤충학회지
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• 제3권
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• pp.37-43
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• 1963

1. 원묘의 대소와 부위에 있어서 굵은 원묘가 가는 원묘에 비하여 활착 및 묘질이 좋았고 선단부와 기부사이에는 유의차는 없었으나, 선단부가 약간 활착과 묘질이 좋았다. 그리고 2아원묘와 3아원묘 사이에는 활착의 차가 없었다. 2. 원묘의 발근의 다소에 있어서는 발근량이 많은 것일수록 활착 및 묘질이 좋았다. 3. 원묘의 매복 심도에 있어서는 원묘의 선단에 파라핀을 도말하고 노출시킨 것이 가장 활착율이 높았으며 원묘의 선단에 파라핀을 도말하지 않더라도 그 선단을 노출시켜 매복하거나 또는 되도록 얕게 매복한 것이 깊게(6cm) 매복한 것보다 활착율이 높았다. 4. 원묘를 매복하는 방법에 있어서는 골의 중앙에 곧게 세운 것과 골의 한 쪽에 뉘어 세우고 매복한 것 사이에는 활착의 차는 없었으나 묘질은 곧게 세워 매복한 것이 비교적 양호하였다. 5. 육성포의 토성에 있어서는 사양토와 식양토간에 원묘의 활착의 차는 없었으나 묘질은 사양토에서 좋았다. 6. 각품종간(시평, 개량서반, 노상, 수원상4호 및 용천추우)에 있어서는 원묘의 활착에는 차가 없었으나 묘질은 용천추우가 가장 좋았다. 7. 생산비를 조사한 바 상묘 1본당 재육채묘는 1원 61전이었는데 비하여 접목은 2원 3전이었다.

• 재무관리연구
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• 제12권2호
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• pp.221-237
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• 1995

When we apply parametric models to the movement of stock prices, we don't know whether they are really correct specifications. In the paper, any prior conditional mean structure is not assumed. By applying the nonparametric model, we see if it better performs (than the random walk model) in terms of out-of-sample prediction. An interesting finding is that the random walk model is still the best. There doesn't seem to exist any form of nonlinearity (not to mention linearity) in stock prices that can be exploitable in terms of point prediction.