상하이 상장회사의 소유구조 및 이익관리와 대리인비용 간의 관계

Quan,Yiqing(권예경),Li-Rong,Zheng(정력용) 한국국제회계학회 2011 국제회계연구 Vol.0 No.37

본 연구는 중국기업의 소유구조, 이익관리와 대리인비용 간의 관계를 규명하고자 하였다. 본 연구에서는 중국 상하이 증권거래소에 상장되어 있는 기업들 중에서 상장 폐지, 금융보험업, ST(Special Treatment)기업, 재무자료 결측치 기업 및 극단치를 보이는 기업들을 제외한 675개를 연구대상으로 하고 2008회계연도 데이터를 사용한다. 기업소유구조와 관련된 기타자료 및 재무자료는 북경 SinoFin 정보 서비스 유한회사가 제공한 CCER 데이터베이스를 이용하였다. 본 연구결과는 중국 상하이 증권시장의 상장회사들에서 대리인비용은 소유권의 집중 정도가 높아질수록 판매 및 관리비 비율이 낮아지고 자산회전율이 높아지는 것으로 나타나 소유권의 집중정도가 높은 기업의 경우 대주주가(특히 1대주주) 경영자에 대한 감시·감독 역할이 대리인비용을 통제할 수 있음을 보여주고 있다. 또, 소유권의 견제정도가 높은 기업일수록 기업의 대리인비용은 상대적으로 높다는 연구결과를 얻었다. 이러한 현상은 선행연구들의 결과와 마찬가지로 대주주가 몇 명 있는 경우에서 기업경영에 대한 책임을 지는 주주가 분명하지 않기 때문에 대주주들의 무임승차문제가 발생하고 있음을 의미한다. 일반적으로 이익관리를 많이 하는 기업일수록 영업외 비용비율이 높아 지지만 소유권의 견제정도가 높은 기업일수록 이익관리의 상호작용을 통하여 그 비율이 더욱더 증가됨을 알 수 있다. 그리고 중국의 상장회사들에서 이루어지고 있는 이익 관리가 효율적인 이익관리가 아니고 기회주의적인 이익관리라는 증거를 얻었다. 즉, 중국 상장회사들의 경영자는 자신의 이익을 극대화하기 위한 이기적인 목적으로 이익조정을 하고 있다고 보아야 할 것이다. This study is focused on the effects of ownership structure, earnings management on the agency costs in Chinese listed companies. The processes of this empirical study are establishment of research hypotheses, elaboration of test model, definition and measurement of 675 sample companies, empirical analysis and interpretation of results. The data used in this research are provided from SSEportal and SinoFin information service co. in China. The proxies of ownership structure are ownership concentration, outside blocck-holders and proxies of earnings management is absolute discretionary accruals of modified Jones, model. the proxies of agency costs are firm size, ratio of sale and management expenses per operating revenues, ratio of operating revenues per total assets, ratio of operating revenues per other operating expenses, control variables are ratio of current liabilities/total assets, ratio of net cash inflow per total liabilities, industry dummy variable. The results of this study are as followings. First, the ownership concentrated companies tried to reduce agency cost actively rather than decentralized companies in China. Second, the interaction between ownership concentration and earnings management take negative effects on agency cost. Therefore we can say that the listed companies on Shanghai Stock Exchange implemented earnings management opportunistically.

권협(權悏) 고급사(告急使)의 연행(燕行)에 대하여

劉寶全(Liu Bao?quan) 가천대학교 아시아문화연구소 2008 아시아문화연구 Vol.14 No.-

During the period of Chosun Dynasty, the works named Record of Trip in Yan(燕) by some envoy from Korea to China provided a large number of attractive and rare historical data to future generations. It’s also a complement to something not concerned in official history. These travel notes are important information on researching the history of relation between China and Korea. In the Record of Trip in Yan of Seoktanggong(石塘公), which was written in the style of diary, Kuang Hyeop(權?) recorded the process of his trip in Ming Dynasty as a envoy before the year of 1597 when the War against Japanese Troops happened. The thesis takes the record as basic information, and analyzes the event of requesting rescue when Kuang Hyeop was in Beijing. He went in for purchasing military supplies and the process of determining whether the Ming Dynasty would rescue Chosun. The diplomatic mission of Kuang Hyeop was an important part of the relation between China and Korea during the period of Imjin Waeran. Also, his Record of Trip in Yan provided strong evidence for researching the relation between the two countries.

One simple, rapid and economical method for ploidy detection of Trichogramma dendrolimi Matsumura (Hymenoptera Trichogrammatidae)

Liu Quan-quan,Zhang Chen,Zhou Jin-cheng,Dong Qian-jin,Huo Liang-xiao,Dong Hui 한국응용곤충학회 2020 Journal of Asia-Pacific Entomology Vol.23 No.2

Ploidy diversity provides valuable scientific information, thus making the detection technique of ploidy important. However, traditional methods of cytological observation and flow cytometry are either laborious or expensive. We here report a simple and rapid, effective and economical quantitative PCR (qPCR) approach to determine the ploidy of a parasitoid species Trichogramma dendrolimi Matsumura, an economically important biocontrol agent. We applied a mitochondrial gene cytochrome oxidase (COI) and a nuclear gene forkhead to evaluate the mitochondrial number per nuclear copy in a thelytokous Wolbachia-infected strain of T. dendrolimi and its bisexual uninfected counterparts. The 2 −ΔCq values calculated from C q values which resulted from qPCR experiments were significantly larger in haploid males than that in diploid females. Haploid males possessed about 2.69 times mitochondrial number per nuclear copy as diploid females. Not a single significant difference was found between diploid females from thelytokous and bisexual strains. Based on the differences in relative mitochondrial content, we were allowed to distinguish between haploid males and diploid females. Moreover, the number of mitochondria significantly decreased with higher ploidy level but was not affected by Wolbachiainfection. Our study supplied an available tool to investigate the ploidy diversity in sex determination of T. dendrolimi and thelytokous manipulation of Wolbachia, which is the crucial step to further study their underlying mechanisms. This will in turn contribute to the biocontrol efficiency by enhancing the female production and hence the parasitism rate.

A Fast Discrete Wavelet Transform Using Hybrid Parallelism on GPUs

Quan, Tran Minh,Jeong, Won-Ki IEEE 2016 IEEE transactions on parallel and distributed syst Vol.27 No.11

<P>Wavelet transform has been widely used in many signal and image processing applications. Due to its wide adoption for time-critical applications, such as streaming and real-time signal processing, many acceleration techniques were developed during the past decade. Recently, the graphics processing unit (GPU) has gained much attention for accelerating computationally-intensive problems and many solutions of GPU-based discrete wavelet transform (DWT) have been introduced, but most of them did not fully leverage the potential of the GPU. In this paper, we present various state-of-the-art GPU optimization strategies in DWT implementation, such as leveraging shared memory, registers, warp shuffling instructions, and thread-and instruction-level parallelism (TLP, ILP), and finally elaborate our hybrid approach to further boost up its performance. In addition, we introduce a novel mixed-band memory layout for Haar DWT, where multi-level transform can be carried out in a single fused kernel launch. As a result, unlike recent GPU DWT methods that focus mainly on maximizing ILP, we show that the optimal GPU DWT performance can be achieved by hybrid parallelism combining both TLP and ILP together in a mixed-band approach. We demonstrate the performance of our proposed method by comparison with other CPU and GPU DWTmethods.</P>

Medical applications of the intrinsic mechanical properties of single cells

Quan, F. S.,Kim, K. S. Oxford University Press 2016 Acta biochimica et biophysica Sinica Vol.48 No.10

<P>The mechanical properties of single cells have been recently identified as the basis of an emerging approach in medical applications because they are closely related to the biological processes of cells and, ultimately, human health conditions. In this article, we provide a brief review of the intrinsic mechanical properties of single cells related to cancer and aging. The mechanical properties can be used as biomarkers for early cancer diagnosis because cancer cells have a lower Young's modulus, indicating higher elasticity or softness than their counterpart normal cells. The metastatic potential of cancer cells is inversely correlated with their elastic properties. Aging induces stiffness through an increased amount of cytoskeletal fiber. Changes in the mechanical properties also show potential for drug screening. Although there are several challenges to be met before clinical applications can be made, such mechanical properties of single cells may provide new approaches to human diseases.</P>

A 275 GHz Active Vector-Sum Phase Shifter

Quan, C.,Heo, S.,Urteaga, M.,Kim, M. THE INSTITUTE OF ELECTRICAL ENGINEERS 2015 IEEE Microwave and Wireless Components Letters Vol. No.

<P>Terahertz vector-sum phase shifters capable of 360<SUP>°</SUP> phase control over the frequency range of 240 to 310 GHz are presented. Because the impedance mismatch of the variable-gain amplifiers employed in the phase shifter determines the flatness of the offset phases, a new broadband VGA design with its input and output impedances unaffected by dc bias is introduced. The measured results on the phase shifter fabricated using 0.25 μm InP HBT technology show incremental phase shifts of 45<SUP>°</SUP> with an average RMS offset phase error of 3.6<SUP>°</SUP> and insertion loss of -1 to -13 dB for eight basis dc bias states.</P>

Bipolar Electric Field Induced Strain in Li Substituted Lead-Free Bi_0.5(Na_0.82K_0.18)_0.5Ti_0.95Sn_0.05O₃ Piezoelectric Ceramics

Quan, Ngo Duc,Hung, Vu Ngoc,Kim, Ill Won,Dung, Dang Duc American Scientific Publishers 2016 Journal of Nanoscience and Nanotechnology Vol.16 No.8

<P>We have fabricated environmental friendly lead-free Bi-0.5(Na0.82K0.18)(0.5)TiO3 (BNKT) and Bi-0.5(Na(0.82-x)LixK0.18)(0.5)(Ti0(.95)Sn(0.05))O-3 piezoelectric ceramics (BNKTS-xLi) with x ranging from 0 to 0.05 by the conventional solid state reaction method. The effects of Li substitution were studied through the crystal structures and the piezoelectric properties. The X-ray diffraction data showed that BNKTS-xLi ceramics experienced a phase transition from the pseudocubic phase to the rhombohedral and tetragonal symmetry when the Li doping content increased. The typical butterflyshaped bipolar S-E loops of piezoelectric materials were observed in all compositions. The small amount of Li substitution for BNKTS-xLi ceramics led to a marked enhancement in piezoelectric properties, with the electric field-induced strain (S-max/E-max) reaching the highest value of 590 pm/V at x = 0.04. The BNKTS-xLi ceramics will be excellent candidates for applications in lead-free ferroelectric and piezoelectric devices.</P>

Standardized Design of the Transmitting Coils in Inductive Coupled Endoscope Robot Driving Systems

Quan Ke,Pingping Jiang,Guo-Zheng Yan 전력전자학회 2017 JOURNAL OF POWER ELECTRONICS Vol.17 No.3

A transmitting coil with an optimal topology and number of turns can effectively improve the performance of the wireless power transfer (WPT) systems for endoscope robots. This study proposes the evaluation parameters of the transmitting coils related to the performance of the WPT system to standardize the design of the transmitting coils. It considers both the quality factor of transmitting coils and the coupling factor between the two sides. Furthermore, an analytical model of transmitting coils with different topologies is built to exactly estimate the evaluation parameters. Several coils with the specified topologies are wound to verify the analytical model and the feasibility of evaluation parameters. In the case of a constant power received, the related evaluation parameters are proportional to the transfer efficiency of the WPT system. Therefore, the applicable frequency ranges of transmitting coils with different topologies are determined theoretically. Then a transmitting coil with a diameter of 69 cm is re-optimized both theoretically and experimentally. The transfer efficiency of the WPT system is increased from 3.58% to 7.37% with the maximum magnetic field intensity permitted by human tissue. Finally, the standardized design of the transmitting coil is achieved by summing-up and facilitating the optimization of the coils in various situations.

A joint probability distribution model of directional extreme wind speeds based on the t-Copula function

Quan, Yong,Wang, Jingcheng,Gu, Ming Techno-Press 2017 Wind and Structures, An International Journal (WAS Vol.25 No.3

The probabilistic information of directional extreme wind speeds is important for precisely estimating the design wind loads on structures. A new joint probability distribution model of directional extreme wind speeds is established based on observed wind-speed data using multivariate extreme value theory with the t-Copula function in the present study. At first, the theoretical deficiencies of the Gaussian-Copula and Gumbel-Copula models proposed by previous researchers for the joint probability distribution of directional extreme wind speeds are analysed. Then, the t-Copula model is adopted to solve this deficiency. Next, these three types of Copula models are discussed and evaluated with Spearman's rho, the parametric bootstrap test and the selection criteria based on the empirical Copula. Finally, the extreme wind speeds for a given return period are predicted by the t-Copula model with observed wind-speed records from several areas and the influence of dependence among directional extreme wind speeds on the predicted results is discussed.

Effects of vertical ribs protruding from facades on the wind loads of super high-rise buildings

Quan, Yong,Hou, Fangchao,Gu, Ming Techno-Press 2017 Wind and Structures, An International Journal (WAS Vol.24 No.2

The auxiliary structures of a high-rise building, such as balconies, ribs, and grids, are usually much smaller than the whole building; therefore, it is difficult to simulate them on a scaled model during wind tunnel tests, and they are often ignored. However, they may have notable effects on the local or overall wind loads of the building. In the present study, a series of wind pressure wind tunnel tests and high-frequency force balance (HFFB) wind tunnel tests were conducted on rigid models of an actual super high-rise building with vertical ribs protruding from its facades. The effects of the depth and spacing of vertical ribs on the mean values, fluctuating values and the most unfavorable values of the local wind pressure coefficients were investigated by analyzing the distribution of wind pressure coefficients on the facades and the variations of the wind pressure coefficients at the cross section at 2/3 of the building height versus wind direction angle. In addition, the effects of the depth and spacing of vertical ribs on the mean values, fluctuating values and power spectra of the overall aerodynamic force coefficients were studied by analyzing the aerodynamic base moment coefficients. The results show that vertical ribs significantly decrease the most unfavorable suction coefficients in the corner recession regions and edge regions of facades and increase the mean and fluctuating along-wind overall aerodynamic forces.