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Foreign ownership structure, stock prices and the firm value
Tech, Georgia,Eun, Cheol S. 성균관대학교 경영연구소 2000 Sungkyun Management Research Institute Work Vol.17 No.-
Presentation Outline 1. The Swiss Case ● Bearer Shares(Foreigners) Registered Shares(Locals) ● Nestle' Event of 1988 ● Loderer-Jacobs Puzzle ● Why Restrict Foreign Ownership? Value Maximization vs. Control Hypotheses ● Nestle' Event of 1959 ● Stock Prices and the Firm Value under Foreign Ownership Restrictions 2. The Chinese Case ● A-Shares(Locals) vs. B-Shares(Foreigners) ● Chinese Discount Puzzle: Theory and Evidence
철도차량 collision post 압괴 시험에 대한 연구
김승택(Seung Tech Kim),하홍기(H.G. Ha),김광우(K. W. KIM) 한국철도학회 2014 한국철도학회 학술발표대회논문집 Vol.2014 No.10
철도차량에서 있어서 충돌 시 철도차량의 전두부가 운전자 및 승객의 공간을 침투하는 위험성을 항상 내포하고 있다. 이러한 위험성을 줄이기 위해서, 철도차량의 충돌에 관한 연구들이 전세계적으로 활발히 진행 중에 있다. 2010년에 미국연방법규인 CFR (Code of Federal Regulations)은 단부 구조물의 구성요소인 collision post 및 corner post에 대한 압괴조건을 추가하여 개정되었다. 본 연구에서는 법규에서 요구하는 압괴 조건에 대해서 실제 제작된 단부 구조물의 시험 및 평가 방법에 대해서 기술하였으며, 시험 결과와 법규에서 요구하는 사양 조건을 비교하였다. 그럼으로써, 단부 구조물의 압괴 특성을 파악하고 향후 다양한 단부 구조물 개발에 있어서 기초 자료로 사용하는데 그 목적이 있다. The cab frame of railway vehicle has a potential risk as the structure member penetrating the space of driver or passenger when the collision happens. To reduce the risk, the studies on the collision of railway vehicle are underway worldwide. Code of Federal Regulations (CFR) was revised on 2010 as including the crush criteria for the collision and corner post in the end frame. In this study, the test methodology and evaluation method are described for the manufactured end frame according to crush condition required from the regulation and the test results are compared with the required criteria. Therefore, the purpose of this study is to understand crush characteristics of the end frame and to use base data for developing various end frames in future.
철도차량의 북미 CFR 법규에 대한 충돌 기둥에너지 흡수에 관한 연구
김승택(Seung Tech Kim),정지호(Ji-Ho Jeong),최정용(Jeong-Yong Choi),우관제(Kwan-Je Woo) 대한기계학회 2012 大韓機械學會論文集A Vol.36 No.8
철도차량에서 있어서 충돌 시 철도차량의 전두부가 운전자 및 승객의 공간을 침투하는 위험성을 항상 내포하고 있다. 이러한 위험성을 줄이기 위해서, 철도차량의 충돌에 관한 연구들이 전세계적으로 활발히 진행 중에 있다. 2010 년에 미국연방법규인 CFR (Code of Federal Regulations)은 단부 구조물 (end frame)의 구성요소인 충돌 기둥 및 모서리 기둥에 대한 압괴조건을 추가하여 개정되었다. 본 연구에서는 충돌 기둥에 대해서 CFR 법규에 명시된 조건에 대해서 압괴해석 및 압괴시험을 수행하였고, 법규에서 근본적으로 고려한 충돌체와의 충돌해석을 수행하여 그 결과들을 비교하였다. 이를 통하여, 단부 구조물의 압괴특성과 충돌특성을 파악하고 해석의 신뢰성을 검토하여 다양한 단부 구조물의 개발에 있어서 압괴해석의 유용성을 확인하는데 그 목적이 있다. In accidents involving the collision of railway vehicles, there is a risk that structural members might penetrate the cab frame of the railway vehicle in the space in which the driver or passengers are seated. To reduce this risk, worldwide, studies on the collision of railway vehicles are underway. In North America, the Code of Federal Regulations (CFR) was revised in 2010 to include crush criteria for a collision and the corner post in an end frame. In this study, a crush analysis and crush test for a collision post and a crash analysis for a rigid cylinder were performed according to the CFR. The analysis and test results were compared and reviewed. This study aims to determine the usefulness of crush analysis for developing various end frames, and to understand the crush and crash characteristics and review the accuracy of the analysis.
연구논문(硏究論文) : 인격권보호(人格權保護)를 위한 언론(言論)의 책임(責任)
최진택 ( Jin Tech Choi ) 단국대학교 법학연구소 2011 법학논총 Vol.35 No.2
The ways in which members of modern society express their opinions are evolving in diverse forms along with the rapid development in technology. It is in this context that the personal rights of members of society are being involuntarily violated by the press and so on, thus creating lively discussions regarding relevant legal measures to mitigate this. The relationship between the people`s right to know and personal privacy is shown as conflicting on the surface, however each one its own is an important constitutionally protected right. When addressing the right to know through press coverage, there is a risk of infringing on personal rights in various ways such as exposing a person`s personal information and face and making information public unintentionally. Despite this, it has become unarguable that serious concerns regarding the mission of personal rights protection and the press has been pushed aside in the real world. In other words, it has become harder to protect personal rights in the face of reality, where intense competition between press outlets is leading to sensationalist and provocative coverage. Also, competition in the media industry is increasing as the frequency news is being provided at is changing from morning and evening cycles of the past to simultaneous reporting. It is difficult to regain personal rights that have been violated by press and victims of personal rights violations require ample time to heal upon encountering economic and social trouble when returning to their lives. It is possible to minimize such personal rights violations by the press through the use of prevention mechanisms for personal rights protection, however in reality its institutionalization is hampered by problems arising from press pre-screening issues. The paper presents the main issues and problems regarding remedies of personal rights violations such as press arbitration and criminal or civil law suits and proposes a methodology for the remedy and prevention of personal rights violation by the press. The balance between freedom of speech and personal rights is based on mutual respect and measures such as arbitration and ligitation are the last resort. Thus, the first thing that is needed for the prevention of personal rights infringement is for the press to come up with procedural measures and judgement criteria for the protection of individual personal rights.