회계이익변경에 대한 단순투자자의 반응

김지홍 ( Jee Hong Kim ),장진호 ( Jin Ho Chang ),여은정 ( Eun Jung Yeo ) 한국회계학회 2004 會計學硏究 Vol.29 No.3

본 연구는 1998년 초부터 2003년 6월말까지 증권거래소의 전자공시시스템에 회계변경을 공시한 상장기업을 표본으로 하여, 단순투자자의 비율이 높은 기업에서의 회계이익변경에 대한 주가반응을 살펴보았다. 연구 결과, 단순투자자(naive investor)의 대용치로 사용된 개인소액투자자의 지분이 높은 기업에서 회계변경으로 인한 보고이익의 증가가 높을수록 양(+)의 주가반응이 존재함을 발견하였다. 이 결과는 실증회계이론에서 제시한 보고이익의 증가가 계약비용을 감소시키는 효과를 통제한 후에도 유의하였다. 반면, 전문투자자(sophisticated investor)의 대용치로 사용된 기관투자자 및 외국인투자자의 지분이 높은 기업에서는 회계변경으로 인한 이익증가에 유의적인 시장반응이 관찰되지 않았다. 본 연구의 결과는 한계투자자의 전문성에 따라 회계정보에 대한 주가반응이 상이할 수 있다는 확장된 기능적 고착가설(extended functional fixation hypothesis)을 지지하는 결과이다. This study empirically examines whether there is price reaction of the accounting changing companies which have high rate of unsophisticated investors` holdings. That is, this study will analyze whether there is different response to reported earnings changes by accounting change between unsophisticated and sophisticated investors. Most significantly, this study observes the cumulative abnormal returns on the time of disclosing to the accounting change. The final sample consists of 96 listed on the Korean Stock Exchange and disclosed by an Electronic Disclosure System over the period of 1998 to June, 2003. The results of this study are summarized as follows. First, there is positive relation between price reaction of individual investors proxied by naive investors and the reported earnings by accounting changes. This means that unsophisticated investors react naively on the increase of earnings by accounting changes. Second, there is no positive relation between the price reaction of institutional or foreign investors proxied by sophisticated investors and the increasing earnings by accounting changes. This means that sophisticated investors don`t react naively in the increase of earnings by accounting changes. These results supports the extended functional fixation hypothesis that price reactions of the accounting information can be varied according to the marginal investor`s expertise.

芯地에 관한 硏究 : 接着芯地類의 洗濯에 依한 剛軟度의 變化 The Effect of the Washing on the Stiffness of the Adhesive Padding Cloths

張智惠 成均館大學校 1979 論文集 Vol.26 No.-

This experiment is carried out to find the effect of the washing on the stiffness of fabrics laminatd with the adhesive padding cloths. The results of the study are as follows; 1. In general, the stiffness of the warp direction is higher than that of the weft. 2. After first washing, the stiffness of the fabrics laminated with the adhesive padding cloths decreased extremely, and then there are little change from the next time on. 3. Regardless of washing, the stiffness of the adhesive nonwoven fabric for padding cloth is lower than that of the adhesive fabrics, but the former makes no change according to washing. 4. The thickness of the adhesive padding cloths has an effect on the stiffness.

Study on the Fire Hazard and Risk Analysis Derived from the Plant Configuration Change During the Shutdown Period at Nuclear Power Plants

Jee Moon-Hak,Hong Sung-Yull,Sung Chang-Kyung,Jung Hyun-Jong Korean Nuclear Society 2003 Nuclear Engineering and Technology Vol.35 No.6

Fire hazard and risk analysis at Nuclear Power Plants is implemented on the basis of the normal operational configuration. This steady configuration, however, can be changed due to the temporary displacement of equipment, electric cable and irregular movement of workers through the fire compartments when the on-line maintenance is processed during the power operation mode or the scheduled outage mode for the refueling. With the consequence of this configuration change, the fire analysis condition and the evaluation result will be different from those that were analyzed based on the steady configuration. In this context, at this paper, the general items for the reassessment are categorized when the configuration has changed. The contemporary zone models for the detail fire analysis are also illustrated for their application for each classified condition.

Impact of urban warming on earlier spring flowering in Korea

Jeong, Jee‐,Hoon,Ho, Chang‐,Hoi,Linderholm, Hans W.,Jeong, Su‐,Jong,Chen, Deliang,Choi, Yong‐,Sang John Wiley Sons, Ltd. 2011 International journal of climatology Vol.31 No.10

<P><B>Abstract</B></P><P>Using long‐term (1954–2004) observations of four selected species in South Korea: goldenbell (<I>Forsythia koreana</I>), azalea (<I>Rhododendron mucronulatum</I>), cherry (<I>Prunus yedoensis</I>), and peach (<I>Prunus persica</I>), the impact of urban warming on spring flowering was investigated. Trends of early spring temperatures and first‐flowering dates (FFDs) of the four plants were cross‐compared among nine differently urbanized cities. It was clearly observed that urban warming has led to an advance in the timing of first‐flowering of several days to weeks during recent decades, while the intrinsic physiology of plants to sense thermal energy has not been changed. The degree of advancement of the FFD was observed to be roughly proportional to degree of urbanization. Moreover, the sensitivity of the FFD to urban warming was estimated to be higher for the shrub species (−9.07 and −6.64 days °C<SUP>−1</SUP> for goldenbell and azalea, respectively) than the tree species (−2.46 and −2.90 days °C<SUP>−1</SUP> for peach and cherry, respectively). Our results suggest that the impact of urban warming should be considered as an influential factor which drives changes in the regional natural environment, especially in regions of rapid urbanization. Copyright © 2010 Royal Meteorological Society</P>

Modulation of Gene Expressions and Enzyme Activities of Methionine Sulfoxide Reductases by Cold, Aba or High Salt Treatments in Arabidopsis

Oh, Jee-Eun,Hong, Suk-Whan,Lee, Yunsook,Koh, Eun-Ji,Kim, Kideok,Seo, Youngwon,Chung, Namhyun,Jeong, Moonsoo,Chang,Chang, Cheolseong,Lee, Byoungcheon,Kim, Kyoung Heon,Lee, Kwangwon,Lee, Hojoung 생명자원연구 2005 생명자원연구 Vol.13 No.-

Structural Alterations in the Gill of the Red Sea Bream, Pagrus major, Exposed to the Harmful Dinoflagellate Cochlodinium polykrikoides

Kim, Chang Sook,Jee, Bo-Young,Bae, Heon Meen 한국수산학회 2002 Fisheries and Aquatic Sciences Vol.5 No.1

The effects of Cochlodinium polykrikoides on the gill of red sea bream, Pagrus major, were examined to clarify the ichthyotoxic mechanisms of this plankton species. The gill of fish exposed to dense blooms over 3,000 cells/mL for 24 h showed severe epithelial separation: a severe edema was found in the secondary lamellar epithelium and interlamellar regions of primary filament. In addition, lipid peroxidation of gill tissue in Chchlodinium-exposed fish was about 2.5 times higher than that of control. The composition of glycoproteins in the gill mucus of Cochlodinium-exposed fish was also changed. These results suggest that the loss of structural integrity of cell membrances in fish gill may be deeply involved in fish death by C. polykrikoides.

연간이익 공시 시점별 시장반응

김지홍 ( Jee Hong Kim ),장진호 ( Jin Ho Chang ),여은정 ( Eun Jung Yeo ) 한국회계학회 2006 會計學硏究 Vol.31 No.2

본 연구는 우리나라 거래소에 상장되어 있는 12월 결산 제조업에 해당하는 기업을 연구대상으로 하여 2000년부터 2003년까지 연간이익 공시시점별 이익정보에 대한 시장반응을 조사함으로써 이익정보 공시일에 대한 정확한 시점을 파악하고자 한다. 이에 이익변동공시일, 주주총회소집통지공시일, 주주총회7일전을 각각의 이익공시시점으로 보고 시장반응을 검증하였다. 연구 결과, 첫째, 이익공시시점별 회귀분석에서는 이익변동공시일에서만 이익정보에 대한 유의적인 주가반응이 나타났다. 둘째, 각 이익공시시점마다 최초공시와 반복공시의 경우를 구분하여 회귀분석한 결과 이익변동공시일과 주주총회소집통지공시일의 최초공시 시점에서 유의적인 주가반응이 나타났으며, 반복공시 시점에서는 주가반응이 모두 유의적이지 않음을 발견하였다. This study examines the accurate disclosure timing of annual earnings. In the United States, the date of earnings disclosure is databased in COMPUSTAT, so most related research is approached with an understanding of this cycle. But Korean researchers have recognized the limitation of their research designs due to paucity of information regarding the accuracy of disclosure timing of annual earnings. Recently, the corporate disclosure environment has gone through tremendous change. First, the DART system was fully implemented. Second, rapid change in earnings compared with the previous fiscal year`s earnings is has been disclosed via the on-line DART system since 2000. Third, with the adoption of Regulation Fair Disclosure (Reg FD) in 2002, the timing of earnings disclosure post-FD is earlier than pre-FD, and the number of earnings releases has increased. The theme of this study is appropriate under these circumstances. Using a sample of 684 Korean firm-year observations that disclose earnings information for the years 2000-2003, this paper empirically examines the accurate disclosure timing of annual earnings. The results of this study are summarized as follows. First, there is no market reaction during the period of rapid change of earnings` disclosures. Second, there is a significant market reaction during the period of rapid change of earnings disclosures and the notice of shareholders` conferences if only the earnings` disclosure is disclosed before the conference. This is not the case if the disclosure is made repeatedly.

EBS 방송 시청이 인문계 고등학생의 사교육비 지출에 미치는 영향

장지윤(Jee-yun Chang),박인우(Inn-woo Park),장재홍(Jae-hong Jang) 중앙대학교 한국교육문제연구소 2017 한국교육문제연구 Vol.35 No.3

본 연구는 2013년부터 2015년까지 서울지역 인문계 고등학생의 EBS 방송 시청이 사교육비 지출에 미치는 영향을 각 학년 시점에 따라 분석하고, 사교육비 지출의 초기값과 변화율에 영향을 미치는 관련 변인(초기학업성취도, 월평균 가계소득, 대학진학계획)들을 설정하여 영향력을 분석하였다. 이를 위해 서울 소재 인문계 고등학교 학생 3,017명을 대상으로 고등학교 1학년부터 3학년까지 추적·조사된 서울교육종단연구의 4차년도(2013년)~6차년도(2015) 데이터를 활용하였으며 잠재성장모형(Latent Growth Model)을 적용하여 종단자료의 시간에 따른 변화를 파악하였다. 연구결과 첫째, 학년이 올라갈수록 사교육비 지출이 지속적으로 증가하는 것으로 나타났다. 또한, EBS 방송 시청시간 역시 학년이 증가할수록 늘어나고 있다. 둘째, EBS 방송 시청은 고등학교 3학년 학생의 사교육비 지출 감소에 가장 많은 영향을 미치는 것으로 나타났다. 셋째, 초기학업성취도와 월평균 가계소득은 사교육비 지출의 초기값에 유의미한 영향을 주는 것으로 나타났다. 또한 월평균 가계소득은 사교육비 지출 변화율에도 유의미한 영향을 주는 것을 확인하였다. 본 연구는 EBS 방송의 사교육비 경감 효과를 지속적으로 확인하는데 의의가 있으며, 학년에 따른 분석 및 검증을 통한 정책적 제언을 바탕으로 향후 논의될 EBS-수능 연계 정책의 개선방향 및 EBS 방송 콘텐츠 개발 방향 수립에 기여하고자 한다. The purpose of this study was to analyze the effect of watching EBS broadcasting of general high school students in Seoul from 2013 to 2015 on private tutoring expenditure according to each grade. For this study, 3,017 students of general high school in Seoul(SELS; Seoul Education Longitudinal Study) were used. These data were measured from the first grade to the third grade in general high school. Also, the Latent Growth Model was applied to analyze the effect of the variables as time changes. The results of the study are as follows. First, as the grade rises, spending on private tutoring expenditure increases steadily. Also, time spent watching EBS broadcasting increases as the grade level increases. Second, watching EBS broadcasting showed the greatest effect on the decrease of private tutoring expenditure by the third grade students in general high school. Third, initial academic achievement and monthly average household income have a significant effect on the base year of private tutoring expenditure. In addition, the monthly average household income has a significant effect on the rate of change of private tutoring expenditure. This study can be used as a basis for judging the effectiveness of EBS broadcasting, the effect of reducing the private tutoring expenditure of each grade. and to identify the variables that affect private tutoring expenditure. Based on the results of this study, implications and suggestions are discussed.

Season‐dependent warming characteristics observed at 12 stations in South Korea over the recent 100 years

Choi, Woosuk,Ho, Chang‐,Hoi,Kim, Maeng‐,Ki,Kim, Jinwon,Yoo, Hee‐,Dong,Jhun, Jong‐,Ghap,Jeong, Jee‐,Hoon John Wiley Sons, Ltd. 2018 International journal of climatology Vol.38 No.11

<P>A number of studies on the surface warming in the Korean Peninsula reported that there has been a notable increasing trend of surface air temperatures over the past several decades. Here, by analysing long‐term surface air temperature data at 12 stations in South Korea that have records longer than 60 years, the authors show that the warming of spring and autumn temperatures is characterized by quasi‐linear increases with time whereas the warming in winter and summer is characterized by one or two abrupt jumps. Change‐point analysis of the seasonal‐mean temperature time series shows that abrupt jumps in winter temperatures occurred in the late 1940s and late 1980s, while the jump in summer temperatures occurred in 1994 at most stations. The shape of the frequency distribution of the daily‐mean temperature anomalies at all stations shifts to the warmer side after the jumps for both winter and summer. This shift in turn results in the decrease of cold extremes in winter and the increase of warm extremes in summer at all stations. Our results indicate that recent temperature records in South Korea are characterized by the two different types of warming according to seasons.</P>

Characterization of changes in global gene expression in the brain of neuron-specific enolase/human Tau23 transgenic mice in response to overexpression of Tau protein.

Woo, Jong-Min,Park, So Jung,Kang, Ho Il,Kim, Byoung Guk,Shim, Sun Bo,Jee, Seung Wan,Lee, Su Hae,Sin, Ji Soon,Bae, Chang Joon,Jang, Mee Kyung,Cho, Chunghee,Hwang, Dae Youn,Kim, Chuel Kyu D.A. Spandidos 2010 INTERNATIONAL JOURNAL OF MOLECULAR MEDICINE Vol.25 No.5

<P>Tau is a neuronal phosphoprotein responsible for the formation of the neurofibrillary tangles in Alzheimer's disease. To characterize the changes in global gene expression in the brain of transgenic mice that overexpress human Tau23 protein in response to the increase of Tau23 phosphorylation, total RNA extracted from the hippocampus of 12-month-old transgenic and wild-type mice was converted to cDNA, labeled with biotin and hybridized to oligonucleotide microarrays. The microarray results were confirmed by real-time RT-PCR and Western blotting method. It was determined that 43 genes were up-regulated and 8 genes were down-regulated by Tau23 in transgenic mice compared to controls, based on the arbitrary difference in the 2-fold change. Among the up-regulated transcripts, those encoding for transporter and oxidoreductase were dramatically over-represented, followed by those related to regulatory molecule, cytoskeletal protein, signaling molecule, and extracellular matrix protein. Genes encoding for transcription factor, regulatory molecule, miscellaneous function, and chaperone were significantly reduced in the down-regulated group. The major genes in the up-regulated categories included Ecrg4, Folr1, Defb11, Aqp1 and Soctdc1. The major genes in the down-regulated categories were Ncor1, Gpm6a, and Hspd1. These results indicate that the microarray analysis identifies several gene functional groups and individual genes that respond to a sustained increase in Tau23 phosphorylation levels in the brain of transgenic mice. In addition, the results suggest the microarray test is a useful tool for increased understanding of the role of Tau23 protein in regulating neurodegenerative disorders.</P>