THE q-RATIO'S SENSITIVITY ANALYSIS BASED ON STOCK PRICE REACTION OF 13D FILINGS

Jeon, Jung Yeol The Institute of Management Hong-ik University 1997 Hongik business review Vol.1 No.-

1934년 미국 증권거래법에 의하면, 투표권이 있는 주식의 5퍼센트를 초과하여 소유한 자는 초과 취득한 날부터 10일 이내에 13D filing을 증권거래감독원에 작성하여 제출하여야 한다. 13D filing 에 대한 기존연구는, 어떤 주주가 5퍼센트를 초과 취득하는 대주주가 되면 그 대상이 되는 회사를 합병할 가능성이 높아지기 때문에, 13D filing의 발표가 대상회사의 주가를 상승시킨다고 주장한다. 이러한 주장은 외부 대주주에 의한 합병 기대효과를 반영한다. 그러나, 또 다른 주장은, 외부 대주주에 의한 모니터링 기대효과로 인하여 주가가 13D filing 발표 시에 상승할 수도 있다는 것이다. 이 주장은 외부 대주주가 대상회사의 경영진을 감시함으로써 대상회사의 대리인 문제가 감소되어 회사의 가치가 올라가리라는 것이다. 외부 대주주에 의한 모니터링효과를 조사한 실증적인 연구들은, 회사가 합병반대 조항을 제안한 경우와 이 조항에 대해 투표한 경우에 국한되었고 (Agrawal과 Mandelker, 1990; Jarrell과 Poulsen, 1987; Brickley et al., 1988), 이 연구들은 외부 대주주의 모니터링 역할을 일반적인 경우에 (즉, 외부 투자가가 대주주가 되었을 때) 발견한 것은 아니었다. 외부 대주주에 의한 모니터링 기대효과를 13D filing을 통하여 실증적으로 발견한 연구에는 Jeon(1995)이 있다. Jeon(1995)은 회사의 q-비율이 대리인 비용과 역의 상관관계가 있음을 이용하여, 13D filing의 주가반응을 분석하였다. 즉, 외부 대주주가 경영진을 모니터링 하리라는 기대 때문에, q-비율이 낮은 회사(대리인 문제가 많은 회사)의 외부 대주주가 13D filing을 했을 때의 주가반응이 q-비율이 높은 회사(대리인 문제가 적은 회사)의 경우보다 더 클 것이라는 가설을 세웠다. 그는 q-비율을 '보통주의 시장가치를 보통주의 장부가액으로 나눈 비율'로 간단하게 정의하고 실증분석을 통하여 그의 가설을 뒷받침하였다. 그러나, 그가 정의한 q-비율은 기존의 연구자들이 사용한 정의에 비하여 너무 간단하기 때문에, 그가 내린 결론은 신뢰성이 낮다는 문제가 제기될 수 있다. 따라서 본 연구의 목적은, 기존 연구자들이 사용한 q-비율을 이용하여 Jeon(1995)이 행한 분석을 재시도함으로써 그 논문의 신뢰성을 검증하는 데 있다. 본 연구는 Nanda와 Yun(1993)의 q-비율을 사용하여 Jeon의 13D filing 표본에 대한 주가반응을 재분석하였다. Nanda와 Yun의 q-비율에 대한 실증분석은 Jeon의 q-비율에 의한 분석결과와 거의 동일하기 때문에, Jeon이 이용한 q-비율은 외부 대주주의 감시 기대효과를 분석하는 데 있어서 robust하다고 결론을 내릴 수 있다.

시대적 맥락으로 본 발레 < 지젤 >의 변화 양상 -장 코랄리,쥘 페로의 < 지젤 >, 마츠 에크의 < 지젤 >, 제임스전의 < 지젤 >-

제임스전 ( Jeon James ) 한국체육대학교 체육과학연구소 2013 스포츠사이언스 Vol.31 No.1

This study figured out which aspect was shown in light of historical context as for works such as < Giselle > by Jean Coralli and Jules Perrot, which can be said to be the essence of romantic ballet, < Giselle > choreographed in 1982 by Mats Ek, and < She, Giselle > by James Jeon at Seoul Ballet Theatre, who re-analyzed it with 21C modern sense in our country. These three works were greatly influenced by historical characteristics at that time. Giselle in the 19th century contained a weak woman``s image, which was lost the female identity, while being noticeably indicated sociality at that time that had emphasized the social class. Mats Ek``s Giselle, which was contained the unique philosophy, expressed the happening a little more realistically that Giselle goes to a mental hospital in Act II. James Jeon``s < She, Giselle > depicted a strong woman who takes responsibility for a child with earning monty by having the body as medium after going to a red-light district instead of death, thereby having depicted the female subject, who gains freedom in the spiritual aspect. In this way, even the classic ballet works are expressed differently depending on philosophical propensity to which a choreographer points according to historical flow and also to sociality of each country.

전주 한옥마을 관광지 음식점의 메뉴선택요인에 대한 가치지각이 재구매의도와 전환의도에 미치는 영향

전효진 ( Hyo Jin Jeon ) 대한관광경영학회 2013 觀光硏究 Vol.28 No.4

본 연구는 전주 한옥마을 관광지 음식점에 대한 고객들의 메뉴선택요인을 실증분석을 통해 도출하고 이에 대한 가치지각과 재구매의도 및 전환의도를 분석하고자 하였으며, 음식점에서 제공하는 메뉴선택요인이 가치지각에 미치는 영향과 고객들의 재구매의도 및 전환의도의 영향정도를 분석하였다. 연구의 시간적 범위는 2013년 3월 10일부터 3월 30일까지 전주 한옥마을 관광지 음식점을 방문한 고객을 대상으로 실시하였으며, 총 278부의 설문을 분석에 활용하였다. 연구결과 관광지 음식점의 메뉴 선택요인에 대한 요인분석결과 본질적 요인과 외형적요인, 서비스적요인, 심리적 요인이 중요 요인으로 도출되었으며, 관광지 음식점의 메뉴선택, 요인이 가치지각에 미치는 영향을 검증한 결과 메뉴선택요인 중 본질적 요인과, 외형적요인, 서비스적요인, 심리적 요인이 모두 유의 수준이내에서 영향을 미치는 것으로 나타났으며, 가장 영향력이 높게 나타난 것은 본질적 요인으로 나타났으며, 관광지 음식점의 가치지각이 재구매의도에 미치는 영향을 분석한 결과 정(+)의 영향을 미치는 것으로 나타났다. 관광지 음식점에서 가치지각이 전환의도에 미치는 영향을 분석한 결과 가치지각은 전환의도에 부(-)의 영향을 미치는 것으로 나타나, 관광지 음식점 방문객들의 가치지각이 높아질 수록 전환의도는 낮아지는 것으로 나타났다. 본 연구를 통해 관광지에서의 메뉴선택요인과 이에 대한 속성을 이해하고 이를 지속적으로 개선하여 고객과의 긍정적이며, 장기적인 관계형성 유지에 초점을 두고, 고객의 재방문을 창출해 나가는 관광지 음식점에서의 개선사항과 고객가치를 통한 재방문과 특히 관광지 음식점의 관광의 역할에 대한 필요성과 효능을 지각할 필요가 있을 것이다. This study had purpose to analyse value perception, repurchase intention and switching intention by examining menu selection attributes of restaurants in Jeon-ju Han-ok village, and also, it is to analyse the effect of menu selection attributes on value perception, repurchase intention and switching intention. For this study 278 questionnaires which was distributed to restaurant customers from 10th of March, 2013 to 30th of March, 2013 in Jeon-ju Han-ok Village were used for analysis. The findings from this study were as follows. First, after factor analysis of menu selection attributes, it was divided into essential factor, external factor, service factor and psychological factor. Second, it is found that essential factor, external factor, service factor and psychological factor have effects on value perception at statistical significance level, then, the greatest of those is the essential factor. Third, it was found that the value perception of restaurants has positive influence on repurchase intention. Finally, it was found that after analysing the relationship between value perception and switching intention, value perception has negative influence on switching intention, and it also showed the higher value perception of restaurant customers, the lower switching intention.

New bimaxillary orthognathic surgery planning and model surgery based on the concept of six degrees of freedom

Jeon, Jaeho,Kim, Yongdeok,Kim, Jongryoul,Kang, Heejea,Ji, Hyunjin,Son, Woosung The Korean Association Of Orthodontists 2013 대한치과교정학회지 Vol.43 No.1

The aim of this paper was to propose a new method of bimaxillary orthognathic surgery planning and model surgery based on the concept of 6 degrees of freedom (DOF). A 22-year-old man with Class III malocclusion was referred to our clinic with complaints of facial deformity and chewing difficulty. To correct a prognathic mandible, facial asymmetry, flat occlusal plane angle, labioversion of the maxillary central incisors, and concavity of the facial profile, bimaxillary orthognathic surgery was planned. After preoperative orthodontic treatment, surgical planning based on the concept of 6 DOF was performed on a surgical treatment objective drawing, and a Jeon's model surgery chart (JMSC) was prepared. Model surgery was performed with Jeon's orthognathic surgery simulator (JOSS) using the JMSC, and an interim wafer was fabricated. Le Fort I osteotomy, bilateral sagittal split ramus osteotomy, and malar augmentation were performed. The patient received lateral cephalometric and posteroanterior cephalometric analysis in postretention for 1 year. The follow-up results were determined to be satisfactory, and skeletal relapse did not occur after 1.5 years of surgery. When maxillary and mandibular models are considered as rigid bodies, and their state of motion is described in a quantitative manner based on 6 DOF, sharing of exact information on locational movement in 3-dimensional space is possible. The use of JMSC and JOSS will actualize accurate communication and performance of model surgery among clinicians based on objective measurements.

New bimaxillary orthognathic surgery planning and model surgery based on the concept of six degrees of freedom

Jaeho Jeon,Yongdeok Kim,Jongryoul Kim,Heejea Kang,Hyunjin Ji,Woosung Son 대한치과교정학회 2013 대한치과교정학회지 Vol.43 No.1

The aim of this paper was to propose a new method of bimaxillary orthognathic surgery planning and model surgery based on the concept of 6 degrees of freedom (DOF). A 22-year-old man with Class III malocclusion was referred to our clinic with complaints of facial deformity and chewing difficulty. To correct a prognathic mandible, facial asymmetry, flat occlusal plane angle, labioversion of the maxillary central incisors, and concavity of the facial profile, bimaxillary orthognathic surgery was planned. After preoperative orthodontic treatment, surgical planning based on the concept of 6 DOF was performed on a surgical treatment objective drawing, and a Jeon’s model surgery chart (JMSC) was prepared. Model surgery was performed with Jeon’s orthognathic surgery simulator (JOSS) using the JMSC, and an interim wafer was fabricated. Le Fort I osteotomy, bilateral sagittal split ramus osteotomy, and malar augmentation were performed. The patient received lateral cephalometric and posteroanterior cephalometric analysis in postretention for 1 year. The follow-up results were determined to be satisfactory, and skeletal relapse did not occur after 1.5 years of surgery. When maxillary and mandibular models are considered as rigid bodies, and their state of motion is described in a quantitative manner based on 6 DOF, sharing of exact information on locational movement in 3-dimensional space is possible. The use of JMSC and JOSS will actualize accurate communication and performance of model surgery among clinicians based on objective measurements.

Mapping Algorithm of Semantic Interpretation in Korean Multiple Nominative Constructions

Yoon-Ho Jeon 한국언어연구학회 2019 언어학연구 Vol.24 No.3

This paper investigates the relation between Korean nominal markers (case, topic, focus stress, etc.) and the semantic interpretations each of them induces in multiple nominative constructions (MNC). Adopting Jeon’s (2019b) proposal, which is the revised version of Diesing’s (1992) mapping hypothesis, and Ha’s (2014) applicative approach, I show that in MNCs a generic reading is licensed in the restrictive clause (TopP/FocP) by binding by the null generic operator GEN and an existential/episodic reading can be derived by existential closure in ApplP, which is the nuclear scope. It will be shown that nominative-marked NPs in MNCs are all licensed by an applicative head and are represented in the vP-type projection, ApplP. This mapping structure is supported by the analysis in Jeon (2019b), which presents the evidence against the lexical division of stage- and individual- level predicates, arguing for a distinction dependent on syntactic contexts.

자연산 점몰개, Squalidus multimaculatus Hosoya et Jeon의 새인두흡충, Clinostomum complanatum (Rudolphi, 1814) 감염

박명애 ( Myoung Ae Park ),서정수 ( Jung Soo Seo ),정승희 ( Sung Hee Jung ),최희정 ( Hee Jung Choi ),전은지 ( Eun Ji Jeon ),지보영 ( Bo Young Jee ),이완옥 ( Wan-ok Lee ),우승호 ( Sung Ho Woo ),이은혜 ( Eun Hye Lee ) 한국어병학회 2011 한국어병학회지 Vol.24 No.2

The metacercariae of Clinostomum complanatum (Rudolphi, 1814) were isolated in the whole body muscle of wild freshwater fish, spotted barbel gudgeon (Squalidus multimaculatus Hosoya et Jeon) from the local river in Yeongdeok, Gyeongsangbuk-do, Korea. The infected fish with bumpy body surface by yellow grub showed erratic swimming behavior and some fish were died. The isolated excysted metacercariae were tongue shaped and 2.85~5.89 mm × 0.8~1.99 mm in size. 1~98 metacercariae were isolated in individual fish and mean infection intensity was 25. All examined adult spotted barbel gudgeon sizing 7 cm in body length were infected. This is the first report of disease outbreak and mortality caused by C. complanatum infection in wild freshwater fish in Korea.

A Study on Export Promotion Strategy of K-Beauty Korean Wave Products: Focused on Cosmetic

Jeon,Dong-Han,Lee,Pyoung-Soo,Seo,Yong-Won 한국유통과학회 2019 KODISA ICBE (International Conference on Business Vol.2019 No.-

This study aims to inquire into strategies for promoting export by investigating the real Korean Wave products of K-Beauty through approaching closer to the formation process of Korean Wave and Korean Wave products. In the first place, this study chose classification method of Korean Wave products from K-Beauty products by examining and reviewing general situations and various factors of Korean Wave. After this process, this study inquired into the strategies for promoting export of K-Beauty products. In the last place, the implications of the study were clarified. The items which benefited most from Korean Wave by the recent Korean Wave fever correspond to cosmetics, accessories, women s wear, cellular phones, confectionery, beverages and cigarettes. In addition to K-Beauty, it will be required to expand the area in a more diversified way toward K-Food, K-Health and K-Town, aiming at sustainable development of Korean Wave.

Receptive and productive vocabulary learning using a word list in L2

Jeon,Eonhee,Shin,Yousun 한국초등영어교육학회 2011 초등영어교육 Vol.17 No.1

The study aimed at determining the relative efficacy of two different learning conditions - receptive learning and productive learning - on different types of retention tests and the degree of retention over time. Korean elementary school learners in the 3rd grade studying English as a Foreign Language (EFL) learned two sets of target words receptively and then productively. Then they took two different types of retention tests - a receptive retention test and a productive retention over a period of two weeks. The results of the study indicated that the best results on receptive learning were obtained when learners took the immediate receptive retention test, and the best results on productive learning were obtained when learners took the delayed receptive test. In addition, retention as a result of productive learning led to larger gains than retention as a result of receptive learning, suggesting that productive learning of words might be more effective for retention.

Die Probleme der Transformation von Landwirtschaftlicher Produktionsgenossenschaften(LPG) in der ehemaligen Deutschen Demokratischen Republik(DDR) im Rahmen der Wiedervereinigung Deutschlands Schwerpunkt: Die Hervorhebung der politischen und rechtlichen

Jeon,Hyeong-Soo 한독사회과학회 2011 한독사회과학논총 Vol.21 No.1

지난 1990년 10월 3일 분단 독일이 통일되었다. 이는 동독의 사회주의 계획경제가 서독의 사회적 시장경제로 완전히 이전함으로써 이루어진 것이다. 이러한 전환에는 동독의 협동조합들도 예외가 되지 않았다. 그 결과 동?서독을 포함 독일의 모든 협동조합들은 경제적 어려움뿐만 아니라 인적 문제 등 큰 부담을 지게 되었고, 이를 극복하고자 대다수의 협동조합들은 엄청난 재정적 지출을 감내하였다. 하지만 이는 통일독일을 위한 긍정적 투자라고 아니 할 수 없다. 이에 구(舊) 동독지역의 농업생산협동조합이 체제를 전환함에 있어 발생한 문제점, 예컨대 사회주의 시절 협동조합에 대한 부정적 인식, 사회주의 정부가 몰수한 사유재산의 반환에 따른 재산권 분쟁, 사회주의 기업의 시장경제적 기업 형태(예: 주식회사) 선택, 사회주의 기업의 채무 변제 등 일련의 법적, 정치적 문제점을 살펴보고, 이와 관련한 부정적 효과를 제시하고자 한다. 이는 통일을 대비한 분단한국에 적지 않는 교훈이 될 수 있을 것이다.