소유-지배 괴리도가 경영진단의견서 공시에 미치는 영향

채수준(Chae, Soo-Joon),이아영(Lee, A-Young) 한국경영교육학회 2020 경영교육연구 Vol.35 No.4

[연구목적] 본 연구는 소유지배괴리도가 공시품질에 어떠한 영향을 미치는 지 분석하고자 하였다. 소유지배괴리도는 공정거래위원회가 ‘대규모기업집단 정보공개시스템’을 통해 제공하고 있는 지배주주의 소유권 및 지배권을 사용하여 측정하였으며, 공시품질로는 경영진단의견서(MD&A)를 고려하였다. [연구방법] 본 연구는 소유지배괴리도가 경영진단의견서 공시품질에 미치는 영향을 검증하기 위해서 2010년부터 2013년까지 유가증권시장에 상장된 1,483 기업-연도 표본을 대상으로 선형회귀분석을 실행하였다. [연구결과] 소유지배괴리도와 MD&A 공시품질 간에는 유의한 양(+)의 관련성이 존재하는 것으로 나타났다. 즉, 소유지배괴리도가 큰 기업일수록 MD&A 공시사항을 충실히 기재하고 있음을 확인하였다. 이는 상반된 두개의 해석을 가능하게 한다. 높은 소유지배괴리도로 인한 지배주주의 사익추구 가능성을 은폐하기 위한 수단으로 공시를 적극적으로 활용할 수 있다는 측면과 높은 소유지배괴리도로 인한 기업지배구조에 대한 부정적인 기업이미지를 해소하고 시장과 원활하게 소통하기 위해 공시를 활용할 수 있다는 해석이 가능하다. [연구의 시사점] 본 연구는 소유지배괴리도와 같은 기업의 소유구조가 기업의 공시품질에 영향을 미치는 요소임을 규명한다는 점에서 공헌도가 있다. 본 연구의 실증결과는 괴리도가 큰 기업일수록 MD&A와 같은 재량적 공시를 적극적으로 수행함으로써 소유구조에 따른 대리인 비용 및 정보비대칭을 완화하고자 하고 있음을 보여준다. 아울러, 대규모 기업집단 지정과 같은 규제제도가 기업들에게 스스로를 관리하게 하는 유인이 될 수 있음을 시사한다. [Purpose] The purpose of this study is to analyze how control-ownership wedge affects disclosure quality. We consider Management Discussion and Analysis(MD&A) as a proxy for disclosure quality [Methodology] This study conducted a linear regression analysis for 1,483 firm-year samples listed on the KOSPI market from the period between 2010 to 2013 to verify the effect of the ownership and control wedge on MD&A. [Findings] This paper showed that there is a significant positive (+) relationship between control-ownership wedge and MD&A disclosure quality. The results of this study verified that firms with a greater degree of control-ownership wedge faithfully described MD&A disclosure items. These results can be explained in two opposite directions. One explanation is that managers of firms with a greater degree of control-ownership wedge can actively use the MD&A disclosure as a mean to conceal the pursuit of the interests of the controlling shareholders. The other explanation is that the MD&A disclosure can be used to solve the negative corporate image of the corporate governance structure due to a high degree of control-ownership wedge and to communicate smoothly with the capital market. [Implications] This study has a contribution that the company’s ownership structure, such as the control-ownership wedge, is a factor influencing the disclosure quality of the company. The empirical results of this study show that firms with a greater degree of control-ownership wedge actively disclose the discretionary disclosure such as MD&A to alleviate agency cost and information asymmetries according to the ownership structure.

혼수상태의 외상환자에서 초음파를 이용한 흉부 및 복부손상의 진단

임경수,이강현,이진웅,이부수,황성오,유수영,강성준 대한응급의학회 1995 대한응급의학회지 Vol.6 No.1

The need for rapid diagnosis and treatment of life-threatening thoracic and intra-abdominal injury result in controversy over the appropriate triage of unconscious blunt trauma patients. To aid in early decisions for these patients, a prospective analysis of 98 patients with glasgow coma scale(GCS) scores≤8 was undertaken. Although intra-thoracic and intra-abdominal injuries were frequently identified based on systolic blood ressure, the use of clinical signs alone resulted in more missed injuries than did using the emergency ultrasonography. In normotensive patients(n=34), intra-thoracic injuries was identified in one patient(2.9%), and intra-abdominal injuries were in 7 patients(20.6%). In shock(systolic blood pressure<90mmHg) Pa-tients(n=64), thoracic injuries and intra-abdominal injuries were diagnosed in 8(12.5%) and 27 patients(42.3%), thoracic and abdominal combined injuries were identified in 11 patients(17.2%). The sensitivity, specificity, and accuracy of emergency ultrasonography were 96.3%, 91.7%, 94.9%. This study suggests that all unconscious trauma patients undergo immediate emergency ultrasonography to prevent missing life-threatening injuries.

Captopril과 Nifedipine 병합요법의 강압효과에 관한 임상적 연구

이영수,문언수,김준호,공수정,정시진,주용진,정상만 건국대학교 의과학연구소 1993 건국의과학학술지 Vol.3 No.-

Background: The hypotensive effect of captopril(angiotensin converting enzyme inhibitor) and nifedipine(calcium channel blocker) was studied. Method: Captopril(75mg) and nifedipine(30mg) were administered in 30 hypertensive adults during twelve weeks after a week observation for washout with stepwise increments of the dose according to the patient's blood pressure in every two weeks. Result: The supine blood pressure were decreased from 169.5±22.3/104.0±20.3 mmHg to 130.4±21.3/82.4±19.5mmHg at the end of twelve weeks during therapy.(p<0.05) The standing blood pressure were also decreased conferrably and to the some lower level. Hematologic examination and blood chemistry revealed no discernible abnormal findings before and after the treatment. During the period of the study a few probably drug-related symptom such as cough and headache, gastrointestinal disturbance developed but not troublesome enough to administering. Conclusion: Captopril and nifedipine regimen is well tolerated and effective in the treatment of hypertensive patients.

당뇨망막증 환자에서 건강보조제 복용 후 양안 동시에 발생한 망막출혈 1례

이상준,이정주,김수영,김신동 고신대학교의과대학 2008 고신대학교 의과대학 학술지 Vol.23 No.2

Purpose : This is a report of retinal hemorrhage in a patient suffering from diabetic retinopathy taking 10 days of protein supplements. Method : A 38-year-old female patient who had received a panretinal photocoagulation started taking supplements made of cocoon(cocoon steamed powder, ginseng powder, pepino abstraction powder et al.) for 10 days. Then, the patient went on to suffer from an uncontrollable blood pressure, a general edema and a loss in visual acuity. The patient's vision was counter finger 50cm in both eyes. The fundoscopy revealed vitreous hemorrhage in the right eye and preretinal hemorrhage in the left eye. She was hospitalized in nephrology, We waited to resolve hemorrhages. But hemorrhages was not improvement, we performed a pars plana vitrectomy and laser photocoagulation. Results : After the operation, the corrected vision was 0.8 in the right and 0.63 in the left eye, respectively. The patient's general condition was improved with diuretics. Discussion : The main ingredient of the supplements that the patient took were peptides. So this patient with diabetic renal failure had to reduce renal function which cause a reduction in glomerular filtration rate, a increase in blood creatinine levels, edema due to increased blood pressure and vitreal hemorrhaging in both eyes. In conclusion, one must be careful of health supplements because we cannot be sure of the ingredients and the side effects which could worsen certain illnesses.

수근관 증후군에서의 무증상성 척골신경병증

문준식,이성수,이지용,한범기,권준범,양현덕,이성익 대한신경과학회 1999 대한신경과학회지 Vol.17 No.2

완전 기저 동맥 중복과 동반된 모야모야병(Moyamoya disease) 1예

권준범,양현덕,한범기,이지용,문준식,이성수 대한신경과학회 1999 대한신경과학회지 Vol.17 No.2

보디빌딩 선수들의 시합 전·후 신체조성과 체력 및 혈관탄성도 변화와 영양섭취 실태연구

곽재준,박재성,하수민,백영호 釜山大學校 附設 體育科學硏究所 2013 體育科學硏究所 論文集 Vol.30 No.-

The purpose of this study were to investigate a study of body composition, physical fitness, change of vascular compliance and nutrient intake status a before and after bodybuilders match. In this study, participants were 6 bodybuilders. The analyzed data brought about the following results by using paired t-test with SPSS 20.0. The results of the research were as follows. In to body weight and BMI were significantly increased but sit and reach were significantly decreased after match. There was non significantly difference in vascular compliance. Calories, lipids, carbohydrates, fiber and ash had significantly increased after match than before match. Calcium, iron, sodium, potassium, vitamin A, retinol, vitamin B1, vitamin B6, niacin, vitamin C, vitamin E had significantly increased after match than before match. Therefore, Bodybuilders need correct regular diet habit and exercise prescription after match. 본 연구는 B광역시 남자 보디빌딩 선수 6명을 대상으로 신체조성, 체력, 혈관탄성도 및 영양소 섭취상태를 시합 전·후를 분석하는데 목적이 있다. 자료처리는 SPSS 20.0 프로그램을 이용하여 paired t-test를 실시하였고, 연구결과에서 다음과 같은 결론을 얻었다. 시합전에 비해 시합후에 체중과 BMI는 유의하게 증가하였고, 유연성은 유의하게 감소하였고, 혈관탄성도는 유의한 변화가 없었다. 그리고 열량, 지질, 당질, 식이섬유 및 회분은 시합 전 보다 시합 후 유의하게 증가하였다. 또한, 칼슘, 철분, 나트륨, 칼륨, 비타민 A, 레티놀, 비타민 B1, 비타민 B6, 나이아신, 비타민 C, 비타민 E는 시합 전 보다 시합 후 유의하게 증가하였다. 이상을 종합하여 볼 때, 시합 전보다 시합 후에 영양소의 섭취증가로 인해 체중이 증가하는 것을 알 수 있으며, 이상의 연구 결과에서 시합전, 후의 식습관, 맞춤형 운동처방 및 체계적인 컨디셔닝 관리가 요구된다.

통계적 실험계획에 의한 PECVD로 증착된 실리콘 산화막의 특성 분석

李晟準,金洸範,崔鑛泉,漢秀一,尹知原,金劉邏,朴宰賢,洪尙眞 명지대학교 산업기술연구소 2006 産業技術硏究所論文集 Vol.25 No.-

According as the current needs of low temperature in semiconductor manufacturing process, PECVD using low temperature and high deposition rate is becoming more of a concern. However, PECVD equipment has the defect possibility on the interface between substrates and gate oxide layer, because ions or electrons with much high energy clash the interface. In this study, we embarked on the experiment with Statistical Design of Experiment and then also analyze which parameters influence on the characteristic of silicon dioxide filems. We finally made a constructive proposal for process optimization conditions.

On-line 학습 신경회로망을 이용한 열간 압연하중 예측

손준식,이덕만,김일수,최숭갑 한국공작기계학회 2003 한국공작기계학회 춘계학술대회논문집 Vol.2003 No.-

In the face of global competition, the requirements for the continuously increasing productivity, flexibility and quality(dimensional accuracy, mechanical properties and surface properties) have imposed a major change on steel manufacturing industries. Indeed, one of the keys to achieve this goal is the automation of the steel-making process using AI(Artificial Intelligence) techniques. The automation of hot rolling process requires the developments of several mathematical models for simulation and quantitative description of the industrial operations involved. In this paper, a on-line training neural network for both long-term learning and short-term learning was developed in order to improve the prediction of rolling force in hot rolling mill. This analysis shows that the predicted rolling force is very closed to the actual rolling force, and the thickness error of the strip is considerably reduced.

공급사슬관리(SCM) 기반 구축에 관한 소고

전준수,원동환,최창은 서강대학교 경영연구소 2004 서강경영논총 Vol.15 No.2