간암에서 좋은 결과를 예상하고 치료를(TACE, RFA, OP/LT, Cyber knife 등) 하였으나 조기 재발한 간암 증례 : 간 절제 후 조기에 다발성으로 재발한 간세포암종 1예

심재준 ( Jae Jun Shim ),김병호 ( Byung Ho Kim ),황보영 ( Young Hwangbo ),이상욱 ( Sang Wook Lee ),이영주 ( Young Ju Lee ),하승형 ( Seung Hyung Ha ),장재영 ( Jae Young Jang ),동석호 ( Seok Ho Dong ),김효종 ( Hyo Jong Kim ),장영운 ( 대한간암연구회 2009 대한간암학회지 Vol.9 No.-

Long term results of hepatic resection for hepatocellular carcinoma (HCC) are not satisfactory due to a high incidence of postoperative recurrence. To improve the prognosis in patients who underwent hepatic resection, identification of risk factors for recurrence and development of effective preventive strategies are required. A single nodular mass was found in the right hepatic lobe of 53-year old male with B viral cirrhosis by surveillance ultrasonography. Dynamic abdominal CT showed a 3 cm-sized hypervascular mass in the right posteroinferior segment (S6). AFP was 359 ng/mL. Child-Pugh classification was A, and ICG R15 was 18.8%. After preoperative transarterial chemoembolization (TACE), right hepatic wedge resection was performed. Resection margin was free of tumor. Microinvasions in the surrounding vessels, lymphatics, bile ducts were not found and microsatellite nodules were absent in the resected specimen. Although there were no risk factors that associated with high postoperative recurrence, multifocal intrahepatic recurrence in the right lobe and left medial lobe occurred at 7 months after hepatic resection. He underwent two sessions of TACE.

한국채택국제회계기준 도입 효과: 담배제조기업 사례

심호식 ( Ho Shik Shim ),정대길 ( Dae Gil Jung ),이창우 ( Chang Woo Lee ) 한국회계학회 2010 회계저널 Vol.19 No.2

벌금형 관련 2011년 형법개정안 분석 연구

심호(Shim, Ho),이희선(Lee, HeeSun),오영근(Oh, YoungKeun) 한양법학회 2011 漢陽法學 Vol.36 No.-

In March 2011, the Ministry of Justice introduced a new proposal for the general provisions of criminal law to the National Assembly for its approval. This study was performed to suggest valuable recommendations for the new proposal. The meta-analytic method, which compares and analyses the contents of earlier studies, was utilized to identify the differences and similarities of the contents and to narrow down the scope of this study. Also, the argumentation model, which brings forth a transparent counterargument to rebut against the existing claims, was utilized to reach conclusions. The conclusions of the study are as belows. First, an implementation of Day Fine system36) is recommended. The system consists of two steps. The first step is that the court determines the duration of the sentence by considering the gravity of a defendant"s crime. The second step is that the court calculates the amount of the defendant"s one-day fine by considering the defendant"s financial and individual conditions. Adoption of the system will enhance the effectiveness of the implementation of monetary penalties. Second, in cases of less serious crime such as a getaway of a defendant or dereliction of government officials, it should be allowed the court to choose either a monetary penalty or a jail sentence because imposing only jail sentences against those crime may make defendants experience the crime-breeding effect)?) Third, legislation should include a provision which authorizes the court to suspend the implementation of monetary penalties in cases where a person is unable to pay a fine or perform community services. Lastly, the legislation should also include a provision which allows a person to defer the payments based on his/her financial status or pay a fine in installments when appropriate.

Amiodarone에 의해 유발된 폐 독성

심재정 ( Jae Jeong Shim ),이상화 ( Sang Hwa Lee ),유재명 ( Jae Myung Yoo ),서홍석 ( Hong Suk Suh ),오동주 ( Dong Joo Oh ),조재연 ( Jae Youn Joh ),인광호 ( Kwang Ho In ),유세화 ( Se Hwa Yoo ),강경호 ( Kyung Ho Kang ),강은영 ( Eun Y 대한결핵 및 호흡기학회 1994 Tuberculosis and Respiratory Diseases Vol.41 No.1

Web 양상으로 발현한 외상성 기관지 파열

심재정 ( Jae Jeong Shim ),한승환 ( Seung Hwan Han ),이진구 ( Jin Goo Lee ),조재연 ( Jae Yeun Cho ),인광호 ( Kwang Ho In ),김광택 ( Kwang Taek Kim ),유세화 ( Sae Hwa Yoo ),강경호 ( Kyung Ho Kang ) 대한결핵 및 호흡기학회 1994 Tuberculosis and Respiratory Diseases Vol.41 No.5

간세포암종의 병합치료 경동맥화학색전술과 경피에탄올주입술 및 수술적 절제술로 치료에 성공한 진행성 간세포암종

심재준 ( Jae Jun Shim ),김병호 ( Byung Ho Kim ),장재영 ( Jae Young Jang ),동석호 ( Seok Ho Dong ),김효종 ( Hyo Jong Kim ),장영운 ( Young Woon Chang ),장린 ( Rin Chang ),홍성화 ( Sung Hwa Hong ),오주형 ( Joo Hyeong Oh ) 대한간암학회 2008 대한간암학회지 Vol.8 No.-

증례보고 : 진단되지 않은 계류 척수 증후군 환자의 척추마취와 관련된 후유증

심행선 ( Haeng Seon Shim ),이성호 ( Seong Ho Lee ),박현식 ( Hyun Sik Park ),김인규 ( In Kyu Kim ),신명근 ( Myoung Keun Shin ),김재호 ( Jae Ho Kim ) 대한마취과학회 2007 Korean Journal of Anesthesiology Vol.53 No.1

Tethered cord syndrome is a form of spinal dysraphism, with a low-lying conus frequently associated with an intraspinal lipoma, diastematomyelia or fibrous band. The clinical manifestations include spine abnormalities, such as spina bifida, or various neurological symptoms involving the lower extremities and sphincters. Herein, our experience of a 42-year-old female tethered cord syndrome patient, with deficit, paresthesia and incontinence following spinal anesthesia for anti-incontinence surgery, is reported with a brief review of literature. (Korean J Anesthesiol 2007; 53: 115~8)

회계투명성의 국가 간 비교 및 자본비용과의 상관관계에 대한 실증연구

심호식(Shim Ho shik),이우종(Lee Woo Jong),이재경(Yi Jae kyung),한승엽(Han Seung Youb) 한국공인회계사회 2016 회계·세무와 감사 연구 Vol.58 No.2

우리나라는 1997년 외환위기 이후 회계투명성 제고를 위해 다양한 노력을 경주해왔음에도 국제경영개발원이나 세계경제포럼 등 국제평가기구에 의한 회계투명성 순위는 여전히 (최)하위권에 머물고 있다. 그러나 이러한 결과는 응답자의 주관적 인식(perception)이 반영된 설문답변에 전적으로 기초한 것으로 객관적 평가라 할 수 없다. 이에 본 연구는 학술적으로 통용되는 다양한 계량분석모형을 통해 회계투명성에 대한 실증분석을 시도했다. 실증분석 결과 우리나라의 회계투명성은 「① 재량적 발생액 규모 기준으로 중위권(56개국중 22위) , ② 재량적 발생액 변동성 기준으로 상위권(55개국중 8위) , ③ 이익반응계수 기준으로 중상위권(51개국중 19위) 을 기록했으며, ④ 전염효과도 부재」하여 국제평가기구가 발표한 국가 회계투명성 순위처럼 (최)하위권은 아닌 것으로 나타났다. 이는 그간 도입·시행된 각종 선진 회계시스템으로 인해 평균적인 회계투명성이 개선된 결과로 판단된다. 한편, 미국과 우리나라를 대상으로 회계품질(투명성)과 자본비용 간의 상관관계를 분석한 결과 미국은 높은 회계품질이 자본조달 비용을 경제적으로 유의미한 수준으로 낮추는 데 기여하는 반면, 우리나라는 그러한 관계가 관측되지 않아 기업이 자발적으로 고품질의 회계정보를 생산하기 위한 사회·경제적 효익이 사실상 부재한 것으로 나타났다. 이러한 연구결과는 향후 회계정책의 패러다임이 투명한 회계정보의 생산(기업 역할)만을 강조해온 기존의 공급자적 관점 에서 기업의 능동적인 고품질 회계정보 생산을 적극적으로 유도(시장 역할)하는 수요자적 관점 으로 전환될 필요가 있음을 시사한다. Despite all the efforts from practitioners, regulators, and accounting scholars in Korea, accounting transparency in Korea has been ranked at the lowest according to the previous management surveys by International Institute for Management Development (IMD) and World Economic Forum (WEF). In this paper, we question about the validity of those surveys because they might reflect merely biased perception of respondents on accounting practices in Korea. To address this question, we employ empirical proxies for accounting transparency and analyze a large set of archival data on financial statements of firms from 56 countries surrounding IMD survey respondents. We find that Korea does not appear to be in the most opaque group based on several empirical proxies for earnings quality. Specifically, Korea is ranked 1) at the 22nd in terms of the level discretionary accruals among 56 data-available countries, 2) at the 8th in terms of discretionary accruals volatility (standard deviation) among 55 data-available countries, and 3) at the 19th in terms of earnings-returns relations among 51 data-available countries. Furthermore, we do not find evidence that investors rely on information of industry peers in earnings valuation, indicating that the lack of firm-specific private information is not severe in the Korean stock market. In sum, we do not find evidence supporting that accounting transparency in Korea deserves the lowest ranking around the world. Rather, the empirical proxies for earnings quality consistently prove that the de facto quality of accounting transparency in Korea is above the median of the sample countries, consistent with what academicians and practitioners have argued for the last few years. However, further analyses reveal that costs of raising debt (or equity) are not related to the transparency constructs we used above for Korean firms, implying the lack of benefits of improving accounting transparency in Korea. By contrast, the transparency constructs show a strongly negative association with costs of debt (or equity) for U.S. firms, indicating that more transparent firms are well compensated by lower financing costs in the U.S. financial market. We thus suspect that the lack of benefits for accounting transparency in Korea (i.e., statistically no association between earnings quality and external financing costs) would partially provoke the unfavorable responses to survey questions about accounting practices in Korea. If a financial market does not appropriately appreciate the quality of earnings across firms and thus fails to reflect it in capital resource allocation, managers would consider all the regulatory inputs to improve accounting transparency as unnecessary cost sources that are not properly accompanied by corresponding benefits. A related concern is that such negative perception would drive out transparent firms from the market in the long run (a.k.a., adverse selection problem). Caveats are in order. To empirically address our research question, we cannot help making some assumptions which unavoidably sacrifice academic rigor. First, we compare earnings quality constructs from a single estimation model (i.e., a pooled regression) across countries. By doing so, we assume that the single model fits well to every economy, which is unlikely. Therefore, our earlier inferences would not hold valid to the extent that the fitness of the models significantly varies across countries. Second, we do not intend to explain why accounting transparency differs across countries. Prior studies document a set of country-level characteristics that explain cross-sectional variations of earnings quality across countries. However, including all of those country-level differences would not serve this paper because we are not interested in why earnings quality differs across countries but whether earnings quality differs (and whether Korea actually belongs to the lowest group).

毒蛇咬傷에 關한 外科的 治療

沈虎植(Ho Shik Shim),張龍雄(Yong Ung Chang),羅珪淵(Kyu Youn Lah),金世煥(Sae Whan Kim) 대한외과학회 1972 Annals of Surgical Treatment and Research Vol.14 No.1

지분율 괴리도와 공시 정보의 빈도 사이의 관계

심호식 ( Ho Shik Shim ),이문영 ( Moon Y. Lee ),최종학 ( Jong Hag Choi ) 한국회계학회 2010 회계학연구 Vol.35 No.4

본 연구는 지배주주의 의결권과 배당권의 차이인 지분율 괴리도로 측정한 기업의 지배구조 수준과 공정공시제도를 통해 공시되는 정보의 빈도 사이의 관련성을 조사하였다. 지분율 괴리도가 커지게 되면 지배주주가 소액주주의 권리를 침해하여 자신의 사적 이익을 추구할 가능성이 높아지게 된다. 따라서 기업은 이러한 사실을 외부 이해관계자들로부터 숨기기 위하여 정보를 덜 공개할 수 있다. 그러나 그 반대로 이런 기업들이 더 정보를 많이 공개할 수도 있다는 소수의 견해도 존재한다. 그 결과 지분율 괴리도에 따라 시장에 공개되는 공시정보의 빈도가 달라질 것이다. 본 연구는 이러한 가설을 실증자료를 이용하여 분석하였다. 분석 결과는 다음과 같이 요약된다. 첫째, 지분율 괴리도가 증가할수록 공시수준이 감소하였다. 둘째, 지분율 괴리도를 구성하는 배당권과 의결권을 별도의 변수로 나누어 분석해 본 결과, 배당권은 공시수준과 유의적인 관련성이 없었으나 의결권은 공시수준과 음(-)의 관련성을 가지고 있었다. 즉 지분율 괴리도를 사용한 결과는 의결권 때문에 발생한 것으로 볼 수 있다. 셋째, 공시를 하지 않은 기업과 괴리도 차이가 발생하지 않는 기업들을 제외하고 추가 분석을 실시하여 본 경우, 마찬가지로 지분율 괴리도가 높을수록 공시수준이 감소하였다. 본 연구의 이러한 발견은 우수한 기업지배구조의 확립의 효과와 관련하여 규제기관과 학계, 실무 종사자들과 투자자들에게 유용한 많은 시사점을 제공하고 있다. ownership divergence) and the frequency of information disclosed under fair disclosure system. The ownership wedge implies the difference in the voting right and cash flow right of the controlling shareholders. The ownership wedge is found in many countries, Asian as well as European countries where the legal protections for the minority shareholders are generally weak (Faccio and Lang 2002). Larger the ownership wedge, controlling shareholders have an incentive to pursue their private interests (Claessens et al. 2000, 2002) by transferring wealth from minority shareholders to themselves. Thus, the interests of minority shareholders are sacrificed. Prior research in accounting and finance show that these incentives caused by the ownership wedge influence the firm value, operating performance, investors` reaction in a negative way (Claessens et al. 2000; Fan and Wong 2002, 2005; Kim and Yi 2006). However, there has been no study which investigates the effect of ownership wedge on the amount of information disclosure. Prior study of Sonu et al. (2010) documents that the magnitude of the ownership wedge is positively associated with the error in analysts` earnings forecasts. They document that as the wedge increases the error in the forecasts increases. Sonu et al. (2010) interpret the findings that firms with greater wedge may be reluctant to provide useful information to analysts and investors who are afraid of revealing accurate information. It is because the information could reveal controlling shareholders` behavior to pursue private interest. The study of Sonu et al. (2010) provides a foundation for this study. In this study, we directly examine the link between ownership wedge and the amount of information disclosure. If controlling shareholders are reluctant to provide detailed information to the outsiders, the amount of information disclosed by the firm could decrease. However, although it is not popular view among researchers, Wang (2006) predicts that companies with problem in corporate governance may release more information to attract the investors` attention. In such a case, we may find positive association between ownership wedge and the frequency of firm disclosure. To measure the ownership wedge, we use the ownership data released by Korea Fair Trade Commission in each year. For the amount of information disclosed, we use the information released via the fair disclosure regulation of Korean Stock Exchange, which was introduced in November 2002. Prior study of Lee (2008) performs an extensive study on the nature and effect of information disclosed under fair disclosure rule. The study shows that investors strongly respond to the disclosed information. Thus, the information released under fair disclosure system is a good proxy for the amount of information disclosure by each firm. The sample period used in this study starts from 2003 and ends 2008. The fair disclosure data are collected from Korean Investor`s Network for Disclosure system (www.krx.co.kr). The sample size is 557 firm-year observations from 147 large conglomerates in Korea. Among 557 firm-year observations, 137 observations do not have any disclosure, whereas the remaining 420 observations made multiple disclosures. On average, sample firms made 4.59 disclosures per year. We divide full sample to 2 different categories of disclosures, disclosure on future forecasts and disclosure on strategic promotion, and report the statistics on the frequency of the disclosures separately. In addition, average cash flow right is 15 percent, whereas the voting right is 43 percent in our sample. Thus, the average ownership wedge is 28 percent, which is the difference between cash flow right and voting right (43- 15=28). The other financial variables used in the analyses are collected from KIS Value and DataGuide Pro databases. Empirical results reveal that there exists a negative association between the ownership wedge and the frequency of disclosure, after controlling other factors which are known to be correlated with the frequency of disclosures (the firm size, the number of days after the initial listing of the firm, Big 4 auditor choice indicator variable, foreign ownership percentage, leverage ratio, sales growth rate, book-to-market ratio, yearly return variability, and other governance-related variables). When we divide the ownership wedge to cash flow right and voting right, the results reveal that only the voting right is significantly associated with the frequency of information disclosures, whereas the cash flow right is insignificant although the sign of the coefficient is in the expected direction. These findings are consistent with those in Sonu et al. (2010) that only voting right is significantly associated with the error in analysts` earnings forecasts. When we further restrict the samples to observations that made at least 1 disclosure during the year and the ownership wedge is greater than zero (thus there is a difference between cash flow right and voting right of controlling shareholders), the results are also qualitatively the same. In summary, these empirical findings are all consistent with the prediction based on the theory presented in the paper. The findings in this study are expected to provide valuable insights to regulators, academics, practitioners, as well as investors. We expect future research should turn the attention to the quality of disclosure as well as the quantity.