現金흐름 情報와 所有乖離度의 關係에 관한 實證 硏究

배기수(Bae Khee-Su),이상헌(Lee Sang-Heon) 한국조세연구포럼 2010 조세연구 Vol.10 No.3

본 연구는 企業의 所有乖離度가 해당 企業의 현금흐름과 企業價値에 어떠한 영향을 미치는지에 대해 分析하였다. 企業의 현금흐름에 영향을 미치는 외국인지분율과 硏究開發費가 현금흐름과 企業價値에 어떠한 영향을 미치는지에 대해서도 分析함으로써, 기존 先行硏究 結果와 차이점이 있는지에 대해서도 分析하였다. 分析結果, 企業의 所有乖離度와 해당 企業의 현금흐름 간에는 유의한 음(-)의 관련성이 있는 것으로 나타나 企業의 대주주 1인 지분율을 제외한 나머지 지분율이 증가할수록 해당 企業의 현금흐름이 감소하는 것으로 나타났다. 즉, 최대지분의 형식적인 지분율과 특수관계인을 이용한 실제 지분율과의 차이(所有乖離度)가 증가할수록 해당 企業의 현금흐름이 감소하는 것으로 나타났다. 이러한 分析結果는 企業價値에 대해서도 유의한 陰(-)의 관련성을 보임으로써 배임가설을 뒷받침한다. 硏究開發費와 현금흐름 간에는 유의한 陽(+)의 관련성이 있는 것으로 나타나 硏究開發費가 증가할수록 해당 企業의 경쟁력이 강화되어 企業 經營에 긍정적인 영향을 미치는 것으로 나타났다. 또한 企業의 현금흐름에 영향을 미치는 외국인지분율과 硏究開發費가 현금흐름 및 企業價値에 미치는 영향에 대한 分析 結果 외국인지분율과 현금흐름 간에는 유의한 陽(+)의 관련성이 있는 것으로 나타났다. 이러한 分析結果는 외국인지분율이 높아질수록 해당 企業에 대한 감시 효과가 높아져 企業 경영에 긍정적인 영향을 미친다는 것을 의미한다. 본 연구 結果는 所有乖離度와 현금흐름과의 관련성에 대해 통계적 分析방법으로 실증 分析하였다는 데에 의의가 있으며, 所有乖離度와 企業價値와의 관련성에 대해서도 실증 分析함으로써 投資者와 債權者 같은 會計情報 이용자들에게 有用한 情報가 될 수 있다. From the research which sees the possession estranged degree of the enterprise with flowing, the cash of the corresponding enterprise analyzed about affects in business value. Also, the cash of the enterprise to flowing, the foreigner equity ratio which is a variable which affects and the research and development elegy cash with flowing, even about affects in business value analyzes with, researched even about there is a difference with existing preceding research result. The result, with possession estranged degree of the enterprise the cash of the corresponding enterprise flowing, goes to the sound which considers (-) relation with charge, large stockholder 1 of the enterprise the cash of the recording corresponding enterprise where the remaining equity ratio which excepts the equity ratio which is will increase flowing, with the fact that decreases. Namely, difference of the actual equity ratio which uses the equity ratio which the maximum equity is formal and the special authorized personnel and (possession estrangement) flowing, the cash of the recording corresponding enterprise which will increase this decreases as the thing, the main share holder of the enterprise will be relationship of many uniqueness even on person oneself outside and the use which will listen, secures a more equity and affects in corporate management appearing negatively, (breach of duty construction) is showing. Also the sound which considers about also a business value as well (-) relation with charge, supports like this breach of duty construction more. And the cash of the enterprise to flowing, the foreigner equity ratio which is a variable which affects and the research and development elegy cash flowing, and researches even about affects in business value, that resultant foreigner equity ratio and the cash to flowing, between the sheep which considers (+) relation with charge, the foreigner equity ratio to be high watch effect comes to be high about the qualitative recording corresponding enterprise and affects is affirmative in corporate manage ment shows the result which agrees with an existing preceding research. Also research and development cost and the cash even to flowing between, the sheep which considers (+) with charge, research and development elegy the competitive power of the recording corresponding enterprise which will increase is strengthened a relation and affects is affirmative in corporate management shows the result which agrees with an existing preceding research.

충청도 지역 일대 저품위 질석의 팽창 특성에 관해서

강헌찬,김영훈,김광수,신선명 동아대학교 건설기술연구소 1996 硏究報告 Vol.20 No.1

The propose of this thesis was to study the usage of the low-grade Vermiculite from the Chung Chong province and also to increase its Value-added. A series of experiments have been done for separation as well as heat-expansion characteristics of the Chung Chong Vermiculite some conclusions can be drawn as follows; 1. Vermiculite from Chung-Yang and Hong-Shung areas wear better than that from Palabora's mine in South Africa in terms of the usefulness for an organic fertilizer. 2. The ratio of the volume expansion of Vermiculite increased along with the temperature. 3. In general, the ratio of volume expansion of the vermiculite from Chung-Yang, Hong-Shung and Palabora's mine in South Africa increased with temperature. But it decreased temporarily in the vicinity of 850℃. The result seems to be due to temporary decrease in the latent heat as the crystal water in the crystals such as Ca_(10)(Mg,Fe)₂A1₄Si_(9)O₃₄(OH)₄, K(Fe,Mg)₃AlSi₃O_(10)(OH)₂and K (Fe,Mg)₃AlSi₃O_(10)(OH)₂evaporated. 4. Above 1050℃, the crystal structure began to change and resulted in partial destruction to produce some dusts. Finally sintering occurred.

지역사회 획득 급성 신우신장염 여성환자에서 검출된 원인균의 항균제 감수성 및 항균제의 사용

위성헌,최수미,이동건,김수영,김상일,유진홍,신완식,강문원 대한감염학회 2002 감염 Vol.34 No.6

광도파로형 표면 플라즈몬 공명 센서 소자의 제작 및 그 특성

조동헌,엄년식,장수원,권대혁,강신원 경북대학교 센서기술연구소 2002 센서技術學術大會論文集 Vol.13 No.1

Aluminum Isoproxide의 합성과 그 Sol의 특성

홍성수,이환홍,노재성,조헌영 忠南大學校 産業技術硏究所 1991 산업기술연구논문집 Vol.6 No.2

Aluminum isoproxide was synthesized by aluminum and isoproplyl alcohol and hydrolyzed to make alumina sol. The collodial stability of alumina sol was evaluated by measuring zeta potential. A high purity aluminum isoproxide(>99%) was obtained from aluminum powder, foil and flake. The particle size of aluminum powder was smaller than 250㎛ to obtain 80% yield and up within 6 hours reaction time. The alumina sol was highly stabilized in the presence of acid medium at a hydrolysis condition of pH 3 and water/alkoxide=150 at 65℃. The particle size of alumina powder was mostly under l㎛ after sintering at 1200℃ for 1 hours.

타리비드 정(오플록사신 100㎎)에 대한 파비드 정의 생물학적동등성

박완수,조성희,이헌우,임호택,홍성제,서성훈,류재환,이경태 한국약제학회 2005 Journal of Pharmaceutical Investigation Vol.35 No.1

The purpose of the present study was designed to evaluate the bioequivalence of two ofloxacin tablets, Tarivid (Jell Pharm. Co., Ltd.) and Favid (ILHWA Co., Ltd.), according to the guidelines of Korea Food and Drug Administration (KFDA). Twenty-four normal male volunteers, 23.67±3.12 year in age and 68.50±7.23 kg in body weight, were divided into two groups and a randomized 2x2 cross-over study was employed. After four tablets containing 100 mg of ofloxacin were orally administered, blood was taken at predetermined time intervals and concentrations of ofloxacin in plasma were deter mined using HPLC. Pharmacokinetic parameters such as AUC_(t) and T_(max) were calculated and ANOVA test was utilized for the statistical analysis of the parameters using logarithmically transformed AUC_(t), and C_(max) and untransformed T_(max). There were no sequence effects between two formulations in these parameters. The 90% confidence intervals for the log transformed data were acceptance range of log 0.8 to log 1.25 (e.g., log 0.94-log 1.04 and log 0.90-log 1.07 for AUC_(t) and C_(max) respectively). The major parameters. AUC_(t) and C_(max) met the criteria of KDFA for bioequivalence indicating that Favid tablet is bioequivalent to Tarivid tablet.

귀리 수용성 추출물의 성분과 점도특성

정헌상,강태수,박희정,정익수,이항영 한국산업식품공학회 2004 산업 식품공학 Vol.8 No.1

귀리 단백 다당체의 산업적 활용 가능성을 검토하고자 추출온도(40~60℃), 에탄올 농도(0~20%0 및 pH(5~9) 조건을 조합하여 중심합성계획법에 따라 얻은 귀리 추출물의 이화학적 특성을 분석하였다. 귀리 추출물의 수율은 6.4~17.9% 범위로 추출온도는 증가할수록 에탄올 농도는 감소할수록 증가하였고 중성일 때 보다 알칼리성이나 산성일 때 수율은 증가하는 경향을 보였다. β-glucan 및 단백질 함량은 각각 21.8~38.3% 및 23.8~29.0% 범위였고 추출온도는 낮을수록 에탄올농도는 높을수록 증가하는 경향을 보였으나 pH에 의한 영향은 없는 것으로 나타났다. 귀리 추출물 수용액은 저온 및 고농도일수록 점도가 증가하였으나 일반적으로 낮은 범위였으며, 전단속도에 따라 감소하는 의소성을 나타내었다. 본 연구결과 저농도 에탄올을 용매로 사용하여 귀리 추출물중의 단백 다당체 함량비를 조절할 수 있었고, 그 수용액 또한 식품용으로 적합한 유체 특성을 갖는 것으로 나타나 산업적인 활용가치가 높을 것으로 기대된다. To examine the utilization of the soluble proteoglucan in oats as a nutraceutical ingredient, soluble components were extracted from Oat Bran Concentrate (OBC) by varying the experiment factors such as temperature (40∼60℃), ethyl alcohol concentration (0∼20%), and pH (5∼9), and then analzed gor their compositions and viscosity. The total yield of iat solube extracts ranged between 6.4∼17.9 and the contents of β-glucan, protein, lipid, and ash in oat extracts were 21.4∼38.3%, 23.2∼29.0%, 8.3∼11.8%, and 5.9∼7.9%, respectively. The exreaction yield increased with the extraction temperature, but decreased with the alchohol concentration and pH. The β-glucan and protein contents increased with increasing temperature and decreasing ethaol concentration. However, the pH level did not influenced those contents. The viscosity of 2% oat extract solution ranged between 8.6∼83.1 cp at different share rates, showing the pseudo-plastic flow properties. Results suggested that extraction condition could be controlled the purity of β-glucan and protein and applied commercially to the large-scale process.

우리나라 양식 넙치, Paralichthys olivaceus에서 분리된 VHSV(Viral Hemorrhagic Septicemia Virus)의 유전학적 검토

김수미,이재일,홍미주,박헌식,박수일 한국어병학회 2003 한국어병학회지 Vol.16 No.1

PT-PCR법을 이용하여, 우리 나라 동해안의 양식 넙치에서 VHSV를 검출하였으며 5개의 VHSV isolates의 N gene과 G gene을 sequencing하였다. Phylogenetic analysis를 실시하여 이들 VHSV isolates와 지리적 분리 유래가 다른 VHSV strains간의 유전학적 상관관계를 조사하였다. 일반적으로 VHSV strains의 유전형은 그 지리적 분리 유래에 따라 American type (Genogroup Ⅰ), British Isles type (Genogroup Ⅱ), European type (Genogroup Ⅲ)으로 구분할 수 있으며, 본 연구에서는 우리 나라 양식 넙치에서 분리한 5개의 Korean isolates는 모두 Genogroup Ⅰ에 속하며, 일본의 Obama25 type과 유사하다는 것을 밝혔다. RT-PCR method was applied to detect and clone the nucleocapsid protein (N) gene and glycoprotein (G) gene for sequencing 5 Korean VHSV isolated from cultured olive flounder, Paralichthys olivaceus. Phylogenetic analysis was performed to investigate their relationship with the VHSV strains described previously and isolated from different geographical area. Generally, VHSV strains were separated phylogenetically according to the major geographical area of isolation: Genogroup Ⅰ(American type), Genogroup Ⅱ (British Isles) and Genogroup Ⅲ (European type). This study revealed that all 5 Korean VHSV isolated were belonged to Genogroup Ⅰ and closely related to Japanese Obama25 type.

동천의 하상 퇴적물이 수질에 미치는 영향

이헌모,노종수 동의공업대학 1999 論文集 Vol.25 No.1

Dong Cheon is one of the severely polluted streams by domestic sewage and industrial wastewater. In order to evaluate the effect of domestic sewage and sediment characteristics on water quality, a study was carried out at downstream of Dong Cheon in Busan. The range and mean values of water quality in Dong Cheon were as follows: DO 0.8-11.0mg/l: SS 3-113mg/1: COD 12.4-40.8mg/1: BOD 12.6-48.1mg/1: NH4-N 0-l.10mg/l. Bottom sediment of Dong cheon mainly consisted of fine sand and silt, and contents of organic meter were very high considering the results of sediment BOD. According to the results of this study, stagnation of high pollutant load of water and rapid oxygen uptake of sediment lead the stream water to anoxic condition and it caused offensive oder in the downstream of Done Cheon during summer.

Actuator용 PNN-PZN-PZT계 세라믹의 유전 및 전기적 특성

조현철,사공 건,이수호 東亞大學校 大學院 1996 大學院論文集 Vol.21 No.-

In the fields of the optics, precise machine, semiconductors, the micro-positioning actuators are required ofr the control of position in the submicron range. In this study, 0.5Pb(Ni??Nb??)O₃-(0.5-x)Pb(Zn??Nb??)O₃-xPb(Zr??Ti??)O₃ceramics were fabricated by columbite precursor method. The structual, dielectric and electric properties were investigated for sintering condition. The specimen sintered at 1,150(℃) for 1hr, had the highest density and dielectric constant. The resistivity, dielectric constant and density were increased with increasing PZT contents.