K-IFRS 도입이 자산손상차손 지속성과 자본시장 반응에 미치는 영향

김혜리(Kim, Hye-Ri),김정교(Kim, Jeong-Kyo) 한국국제회계학회 2017 국제회계연구 Vol.0 No.72

본 연구의 목적은 국제회계기준의 도입이 자산손상차손의 질과 자본시장 평가에 미치는 영향을 살펴보고 이를 실증분석하는 것이다. 본 연구는 K-IFRS 도입이 회계이익의 질과 자본시장에 미치는 긍정 및 부정적 영향을 동시에 살펴보기 위하여 발생액 시장이상현상 연구를 이용한다. 분석결과는 다음과 같다. 첫째, K-IFRS 도입 전에 특별손익 항목으로서 자산손상차손 및 유형별 자산손상차손은 지속성이 없었으나 K-IFRS 도입 이후에 이익기업의 자산손상차손 및 유형별 자산손상차손에서 지속성이 있는 것으로 나타났다. 둘째, Mishkin test를 이용하여 자산손상차손 지속성의 자본시장 반응을 분석한 결과, K-IFRS 도입 전 이익기업은 재량적 자산손상차손과 무형자산 손상차손에 시장이상현상이 나타났으나, K-IFRS 도입 후 이익기업은 자산손상 회계기준의 구체성 및 빈번한 자산손상 인식으로 인해 시장이상현상이 나타나지 않았다. 반면, K-IFRS 도입 전 손실기업은 시장이상현상이 나타나지 않았으나, K-IFRS 도입 후 손실기업은 재량적 자산손상차손 및 유형자산과 영업권 손상차손의 지속성을 과대평가하는 것으로 나타났다. 본 연구의 분석결과는 K-IFRS 도입으로 인해 무형자산 손상차손 관련 규정은 개선되었으나 유형자산 및 영업권 손상차손 관련 규정은 여전히 미흡함이 존재한다는 증거를 제시한다. 본 연구는 손익기업을 구분하고 손상차손을 자산 유형별로 나누어서 실증분석 결과를 제시하였다. 이를 통해 K-IFRS 도입으로 긍정적 및 부정적 측면이 발생하는 자산손상차손의 요소를 모두 확인하고 있다는 점에서 기존 연구와 차별성을 가진다. 본 연구의 실증분석결과는 K-IFRS 제 1036호의 미흡한 문단의 개선을 위한 근거자료로 활용되어 보다 완전한 K-IFRS 정착을 위하여 도움을 줄 수 있을 것이라 기대한다. The purpose of this study is to examine the effects of IFRS adoption on the quality of asset impairment loss and capital market valuation, and to conduct empirical analysis. This study uses accruals market anomaly studies to examine both the positive and negative effects of K-IFRS adoption on earnings quality and capital markets. The results of the analysis are as follows. First, asset impairment loss and asset impairment loss by type before K-IFRS adoption were not persistent, but persistent after K-IFRS adoption. Second, as a result of analyzing the capital market response of the asset impairment using the Mishkin test, profit firms before K-IFRS adoption show that there is market anomaly in the discretionary asset impairment loss and intangible asset impairment loss, but after K-IFRS adoption did not show market anomaly due to the specificity of asset impairment accounting standards and frequent recognition of asset impairment. Loss firms before K-IFRS adoption did not show market abnormalities, but after K-IFRS adoption overestimates the persistence of impairment loss of discretionary asset, tangible asset, and goodwill. The results of this study provide evidence that K-IFRS adoption has improved the standard for impairment of intangible assets, but that the standard on impairment of tangible assets and goodwill are still insufficient. This study divides the profit-and-loss firms and classifies them by asset impairment type, and presents the empirical analysis results. This is different from the previous studies in that it confirms all asset impairment factors that have positive and negative aspects due to K-IFRS adoption. The findings of this study are expected to be useful as a basis for the improvement of the insufficient paragraphs of K-IFRS 1036, which will help to establish a more complete K-IFRS settlement.

기업의 수명주기와 사내유보가 기업가치에 미치는 영향

김혜리(Kim, Hye-Ri),허익구(Hur, Ik-Koo) 한국경영교육학회 2020 경영교육연구 Vol.35 No.4

[연구목적] 본 연구는 기업의 수명주기와 사내유보가 기업가치에 미치는 영향을 살펴보는 것을 목적으로 한다. 기업의 성장기, 성숙기, 쇠퇴기에 따라 매출 및 기업규모에 차이가 존재하는 것과 관련하여 당기순이익과 이익잉여금이 기업가치에 미치는 영향에 차이가 있을 것이라 예상하고, 기업의 사내유보 관련 연구에 추가적 증거를 제공하고자 한다. [연구방법] 본 연구는 사내유보가 기업가치 제고에 미치는 영향을 분석하기 위하여 기업가치를 주가와 Tobin’s Q의 두 가지 종속변수를 이용하여 기업 수명주기와 사내유보(당기순이익, 이익잉여금)가 기업가치에 미치는 영향을 회귀분석의 방법으로 실증분석한다. [연구결과] 첫째, 성장기 기업의 당기순이익은 미래 기업자산의 확충 재원으로 사용될 수 있기 때문에 성숙기와 쇠퇴기 기업에 비해 주가 향상에 미치는 영향이 더 큰 것으로 나타났다. 반면, 성숙기와 쇠퇴기 기업에서는 이익잉여금이 주가 향상에 미치는 영향이 더 큰 것으로 나타났다. 둘째, 성장기에서 당기순이익(이익잉여금)의 증가가 시가총액에 미치는 긍정적인(부정적인) 영향은 성숙기와 쇠퇴기와 비교하여 더욱 강화(완화)되는 것으로 나타났으나, 성숙기와 쇠퇴기에서는 당기순이익(이익잉여금)이 시가총액에 미치는 긍정적인(부정적인) 영향이 약화(강화)되는 것으로 나타났다. [연구의 시사점] 본 연구의 결과는 기업가치 제고를 위해서 성장기 기업 경영자는 이익잉여금 보다는 당기순이익 증대를 위하여 매출에 도움이 되는 설비투자를 증설하고 기업내 초과이익잉여금이 쌓이지 않게 주의를 하여야하며, 초과이익잉여금의 보유 가능성이 높은 성숙기와 쇠퇴기 기업의 경영자들은 비영업용 자산에 투자되어 있는 이익잉여금을 인력 및 연구개발에 재투자하여 기업가치 증대를 모색해 나가야함을 시사한다. [Purpose] The purpose of this study is to examine the effect of firm life cycle and internal reserve on firm value. It is expected that there will be a difference in effect of net income and retained earnings on corporate value in relation to differences in sales and firm size depending on firm’s life cycle. [Methodology] This study empirically analyzes the effect of firm life cycle and internal reserve on corporate value using two dependent variables of firm value (stock price and Tobin’s Q) by regression analysis. [Findings] First, as the net profit of a growing firm can be used as a resource to expand future corporate assets, it has a greater effect on the share price improvement than a mature and declining firm. On the other hand, in the maturity and decline period, the effect of retained earnings on the share price was found to be greater. Second, the positive (negative) effect of the increase in net income (retained earnings) on the firm value during the growth period was found to be strengthened (relaxed) compared to maturity and decline. On the other hand, in the maturity and declining period, it was shown that the net income (retained earnings) weakened (strengthened) the positive (negative) effect on firm value. [Implications] The results of this study suggest that managers in maturity and declining periods, when there is a high possibility of retaining excess internal reserve, should seek to increase firm value by reinvesting internal reserve invested in non-operating assets into human resources and R&D.

임부의 연령에 따른 보완대체요법에 관한 인식 태도 경험 비교 연구

김연진,김지연,노경민,신혜리,유예지,이지민,장희조,정아인,최소정,강숙정,이향연,민혜영 이화여자대학교 간호과학대학 2016 이화간호학회지 Vol.- No.50

Purpose: This study aims to test if the age of pregnant women affects the perception, experience, and attitude towards complementary alternative therapy (CAT), by investigating the perception, experience, and attitude of pregnant women under the age of 35, and above 35 (Advanced Maternal Age). The study will 1) find the general characteristics of pregnant women under and over the age of 35 2) compare the perception, behavior, and experience of pregnant women under and over the age of 35, and 3) find the comparison of the perception, behavior, and experience according to the general characteristics of pregnant women under and over the age of 35. Method: The subjects of this study are composed of 44 women under the age of 35 and 44 women above the age of 35, totaling 88 pregnant women visiting midwiferies, obstetrics and gynecology, and baby fairs in Seoul and Gyeong-Gi area. Data for this study was collected from November 28, 2015 to January 6, 2016 for 40 days. The collected data analyzed mean, standard deviation, t test, ANOVA, and chi-square by using SPSS 23.0. Result Results show that there is a significant difference in the perception, attitude, and experience of the two-sample groups in the use of CAT. The question of “what is most necessary when applying CAT in a hospital clinical environment” for the perception criteria came out with the results of t=9.980, p<.05. For the attitude, results showed that the answers of pregnant women under the age of 35 displayed a more positive attitude towards CAT. (t=2.421, p<.05) Lastly, in the experience section, pregnant women under the age of 35 showed more CAT use than the other sample group. Conclusion Results have shown that there is a difference in the perception, behavior, and experience between the two sample groups. Therefore further research on the efficacy and the adverse effects of CAT needs to be done.

장기간 환기역치 운동이 심부전증 환자치료에 미치는 효과에 관한 연구

여남회,김종현,차혜리,김상수 대한스포츠의학회 2000 대한스포츠의학회지 Vol.18 No.2

The purpose of this study was to assess the feasibility and the effect of a long-term ventilatory threshold exercise training program on heart failure patients. The subjects were 20 patients who were divided into control and exercise group. They are mean aged from 61.5yr to 53.3yr. mean New York heart association (HYHA) class fromⅠto Ⅱ, mean left ventrical end-diastolic volume(LVED) from 123 to 123ml, mean ejection fraction (EF) from 39.9% to 38.4%, and mean V˙O_2max from 25.6ml/kg/min respectively. The underwent 6 weeks ventilatory threshold exercise training program which consisted of the workload was V˙O_2 at ventilatory threshold for 30 minutes as day at 3 times per week. Before and after exercise training program, V˙O_2, V˙CO_2 LVED volume and length, left ventrical end-systolic(LVES) volume and length, and ejection fraction were measured. Statistical analysis were performed using analysis of variance T-test and paired t-test. The results of this study are followings. After exercise training program, there were significantly differences in submaximal and maximal exercise performance, V˙O_2 at ventilatory threshold, V˙O_2max, and V˙Emax between control and exercise group respectively (p<0.05). Significantly differences between two groups were also found in left ventrical end-diastolic volum(LVESV) and ejection fraction (EF)(p<0.01). NYHA class also improved form a mean or 2.5 to 1.5(p<0.01). In conclusion, this study showed that the venilatory threshold exercise training program is useful method of clinical application for chronic heart failure.

Survey the Interactive Broadcast Management System in Smart Devices

Hye-ri Kim,Hyun-mi Jang,Kyong-jin Kim,Ji-young Kim,Seng-phil Hong,Dongyul Roh,Woongjae Lee,Jin-Gwang Koh,Min Kyoungsik 보안공학연구지원센터 2014 International Journal of Smart Home Vol.8 No.1

Toxicogenomic Effect of Liver-toxic Environmental Chemicals in Human Hepatoma Cell Line

Kim, Seung-Jun,Park, Hye-Won,Yu, So-Yeon,Kim, Jun-Sub,Ha, Jung-Mi,Youn, Jong-Pil,An, Yu-Ri,Oh, Moon-Ju,Kim, Youn-Jung,Ryu, Jae-Chun,Hwang, Seung-Yong The Korean Society of Toxicogenomics and Toxicopro 2009 Molecular & cellular toxicology Vol.5 No.4

Some environmental chemicals have been shown to cause liver-toxicity as the result of bioaccumulation. Particularly, fungicides have been shown to cause varying degrees of hepatictoxicity and to disrupt steroid hormone homeostasis in in vivo models. The principal objective of this study was to evaluate the liver-toxic responses of environmental chemicals-in this case selected fungicides and parasiticides-in order to determine whether or not this agent differentially affected its toxicogenomic activities in hepatic tumor cell lines. To determine the gene expression profiles of 3 fungicides (triadimefon, myclobutanil, vinclozolin) and 1 parasiticide (dibutyl phthalate), we utilized a modified HazChem human array V2. Additionally, in order to observe the differential alterations in its time-dependent activities, we conducted two time (3 hr, 48 hr) exposures to the respective IC20 values of four chemicals. As a result, we analyzed the expression profiles of a total of 1638 genes, and we identified 70 positive significant genes and 144 negative significant genes using four fungicidic and parasiticidic chemicals, using SAM (Significant Analysis of Microarray) methods (q-value<0.5%). These genes were analyzed and identified as being related to apoptosis, stress responses, germ cell development, cofactor metabolism, and lipid metabolism in GO functions and pathways. Additionally, we found 120 genes among those time-dependently differentially expressed genes, using 1-way ANOVA (P-value<0.05). These genes were related to protein metabolism, stress responses, and positive regulation of apoptosis. These data support the conclusion that the four tested chemicals have common toxicogenomic effects and evidence respectively differential expression profiles according to exposure time.

A New Species of Genus Clathria (Microciona) (Demospongiae: Poecilosclerida:Microcionidae) from Jejudo Island, Korea

Hye Ri Kim,Chung Ja Sim 한국동물분류학회 2009 Animal Systematics, Evolution and Diversity Vol.25 No.1

A new species of genus Clathria (Microciona) (Demospongiae: Poecilosclerida: Microcionidae), Clathria (Microciona) sinyangensis n. sp. was collected from Intertidal zone by hand at Seopjikoji, Sinyang, Jejudo Island, Korea on 15 Oct. 2008. C. (M.) sinyangensis n. sp. is closely related to C. (M.) pennata Lambe, 1895 in their spicules, but thick subtylostyle of new species is smaller than that of C. (M.) pennata’s and has three sizes of toxa. Also, the new species has no dermal membrane.

Does Transarterial Chemoembolization prior to Surgical Resection Improve Clinical Outcomes in Resectable Hepatocellular Carcinoma?

( Hye Ji Kim ),( Jung Hyun Kwon ),( Young Woon Kim ),( Soon Woo Nam ),( Jong-yul Lee ),( Hyun Suk Jung ),( Yu Ri Shin ),( Young Chul Yoon ),( Jun Suh Lee ),( Sung Won Lee ),( Hae Lim Lee ) 대한간학회 2016 춘·추계 학술대회 (KASL) Vol.2016 No.1

Background: The efficacy of transarterial chemoembolization (TACE) performed prior to surgical resection inpatients with resectable hepatocelluar carcinoma (HCC) is still a matter of debate. This study aimed to assess the impact of preoperative TACE in patients withresectable HCC. Methods: A total of 117consecutive HCC patients who received hepatectomy at the Incheon St. Mary’s Hospitalbetween 2008 and 2015were enrolled.19 patients who eitherreceived more than 3 sessions of TACEs prior to resection were excluded. 98 patients underwent resection after conventional staging work up(non-TACE group) and 19 patients received a single or two sessions of TACEs before resection (TACE group). Result: The median follow up period was 30.9 months (range, 6.5-52.9). According to the modified UICC stage, 28 (23.9%) patients were diagnosed as stage 1, 73 (62.4%) as stage 2, and 16 (13.7%) patients as stage 3.No difference was observed in terms of the age, Child-Pugh score, level ofalpha-fetoprotein, and tumor stage betweenthe two groups.In the TACE group, three new HCC lesionswhich were not identifiable with MRI were found in 3 patientson angiography and resected with the original lesion together.No difference was observed in the disease-free survival (DFS) and overall survival (OS)between the two groups with the mean DFS of 56.1 vs. 53.4 months ( p=0.278) and mean OS of 73.9 vs. 60.2 months ( p=0.358) in the TACE group and the non TACE group, respectively. Conclusion:TACE performed prior to surgical resection does not enhance DFS or OS in the patients with resectable HCC.

Associations of Socioeconomic Status With Depression and Quality of Life in Patients With Hypertension: An Analysis of Data From the 2019 Community Health Survey in Korea

Hye Ri Kim,Mia Son 대한예방의학회 2022 예방의학회지 Vol.55 No.5

Objectives: We aimed to identify the factors related to depression and quality of life in patients with hypertension by using multilevel regression analysis. Methods: In 2019, 229 043 participants in the Korean Community Health Survey were selected as the study group. Individual factors were identified using data from the 2019 Community Health Survey. Regional factors were identified using data from the National Statistical Office of Korea. Multilevel regression analysis was conducted to find individual and local factors affecting depression and quality of life in patients with hypertension and to determine any associated interactions. Results: As individual factors in patients with hypertension, women, those with lower education-levels, recipients of basic livelihood benefits, and those with poor dietary conditions showed stronger associations with depression and quality of life. As regional factors and individual-level variables in patients with hypertension, lower gross regional personal income, fewer doctors at medical institutions, and lower rates of participation in volunteer activities presented stronger associations with depression and quality of life. In addition, the associations of depression with gross regional personal income, the number of doctors at medical institutions, and dietary conditions were significantly stronger in patients with hypertension than in patients without hypertension. The associations of gender and employment status with quality of life were also significantly greater. Conclusions: Policy interventions are needed to adjust health behaviors, prevent depression, and improve quality of life for patients with hypertension, especially for those with the risk factors identified in this study.

Conserved Regions in Mitochondrial Genome Sequences of Small Mammals in Korea

Hye Ri Kim,Eui Kyeong Kim,Yung Chul Park 강원대학교 산림과학연구소 2012 Journal of Forest Science Vol.28 No.4

Comparative sequence analyses were conducted on complete mtDNA sequences from four small mammal species in Korea and revealed the presence of 30 well conserved sequences in various regions of the complete mtDNA sequences. The conserved sequences were found in 9 regions in protein coding genes, 10 regions in tRNA genes, 10 in rRNA genes, one region in replication origin and 2 regions in D loop. They could be used to design primers for amplifying complete mtDNA sequences of small mammals.