• 제목/요약/키워드: Asymmetric Information

검색결과 678건 처리시간 0.028초

How Does Corporate Social Responsibility Affect Asymmetric Information: Evidence from Korean Retail Industry

  • Kim, Sang-Su;Lee, Jeong-Hwan
    • 유통과학연구
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    • 제17권2호
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    • pp.5-11
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    • 2019
  • Purpose - This paper examines how corporate social responsibility of the Korean retail industry affects the degree of asymmetric information. Recent theories predict that a firm's active engagement in socially responsible activities lowers the degree of asymmetric information of the firm. Research design, data, and methodology - This paper uses the sum of environmental and social scores (ES), published by the Korean Corporate Governance Service in order to proxy the degree of socially responsible management practices of Korean retail firms. This paper uses the ordinary least square method to investigate the above predictions. The publicly traded Korea retail firms listed in the Korean Exchange are analyzed from 2011 to 2016. To measure the degree of asymmetric information, this paper adopts the analyst dispersion and price impact measures. Results - This paper shows that the ES score has significantly positive relationships with these two measures of information asymmetry. The environmental score seems to increase the analyst dispersion measure and the social score appears to raise the price impact measure mores significantly. Conclusions - The results do not support the prior theory expecting a negative relationship between corporate social responsibility and the degree of asymmetric information. Environmental and social scores are found to affect the measures of information asymmetry differently.

A Partial Response Maximum Likelihood Detection Using Modified Viterbi Decoder for Asymmetric Optical Storage Channels

  • Lee, Kyu-Suk;Lee, Joo-Hyun;Lee, Jae-Jin
    • 한국통신학회논문지
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    • 제30권7C호
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    • pp.642-646
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    • 2005
  • We propose an improved partial response maximum likelihood (PRML) detector with the branch value compensation of Viterbi decoder for asymmetric high-density optical channel. Since the compensation value calculated by a survival path is applied to each branch metric, it reduces the detection errors by the asymmetric channel. The proposed PRML detection scheme improves the detection performance on the $2^{nd},\;3^{rd}\;and\;4^{th}$ order PR targets for asymmetric optical recording channel.

정보량과 비대칭적 변동성에 관한 연구 (A Study on Information Availability and Asymmetric Volatility in the Korea Stock Market)

  • 안승철;장승욱
    • 재무관리연구
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    • 제25권1호
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    • pp.109-140
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    • 2008
  • 본 연구는 투자자간의 의견차이가 수익률의 비대칭적 변동성 현상에 영향을 주는지 검증하고, 정보량이 비대칭적 변동성에 미치는 영향을 검증하였다. 2000년 1월 4일부터 2005년 12월 29일까지의 유가증권시장 주가지수의 일별 종가와 거래량을 표본자료로 이용하였으며, 일별 거래량과 시장가치 수준별로 개별기업을 대상으로 각각 포트폴리오를 구성하여 분석하였다. 실증분석에서 TGARCH 모형을 기본모형으로 이용하였으며, 투자자간 의견차이의 대용변수인 거래량을 추가한 수정모형을 통하여 분석하였다. 주가지수를 대상으로 기본모형을 분석한 결과는 비대칭적 변동성이 존재하는 것으로 나타났으나, 수정모형의 분석 결과에서는 비대칭적 변동성이 유의적으로 감소되는 것으로 나타났다. 그리고 포트폴리오를 대상으로 분석한 결과는 정보량(거래량, 시장가치)이 많을수록 비대칭성 계수와 비대칭성 비율이 대체적으로 높은 것으로 나타났으며, 또한 기본모형에 비해 수정모형에 의해 추정된 비대칭성 계수와 비율이 제한적이나마 유의적으로 감소하는 것으로 나타났다. 이상의 결과에서 우리나라 증권시장에서 투자자간 의견차이가 비대칭적 변동성을 설명하는 요인 중의 하나라고 할 수 있으며, 정보량이 비대칭적 변동성에 제한적으로 영향을 미치는 것을 알수 있었다. 한편, 시장가치가 높은 포트폴리오일수록 비대칭적 변동성이 높게 나타났는데 이는 투자자간 의견차이 뿐만 아니라 정보의 신뢰성 차이에 기인한 투자자들의 의견수정 정도에 의해 나타난 것으로 사료된다.

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Point Spread Function of Optical Systems Apodized by Semicircular Array of 2D Aperture Functions with Asymmetric Apodization

  • Reddy, Andra Naresh Kumar;Sagar, Dasari Karuna
    • Journal of information and communication convergence engineering
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    • 제12권2호
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    • pp.83-88
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    • 2014
  • The simultaneous suppression of sidelobes and the sharpening of the central peak in the process of diffraction pattern detection based on asymmetric apodization have been investigated. Asymmetric apodization is applied to a semicircular array of two-dimensional (2D) aperture functions, which is a series of 'coded-phase arrays of semicircular rings randomly distributed over the central circular region of a pupil function' and is similar to that used in the field of diffractive optics. The point spread function (PSF) of an imaging system with asymmetric apodization of the discrete type has been found to possess a good side with suppressed sidelobes, whereas its bad side contains enhanced sidelobes. Further, the diffracted field characteristics are obtained in the presence of these aperture functions. Asymmetric apodization is helpful in improving the performance of the optical gratings or 2D arrays used in real-time imaging techniques.

Hidden truncation circular normal distribution

  • Kim, Sung-Su;Sengupta, Ashis
    • Journal of the Korean Data and Information Science Society
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    • 제23권4호
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    • pp.797-805
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    • 2012
  • Many circular distributions are known to be not only asymmetric but also bimodal. Hidden truncation method of generating asymmetric distribution is applied to a bivariate circular distribution to generate an asymmetric circular distribution. While many other existing asymmetric circular distributions can only model an asymmetric data, this new circular model has great flexibility in terms of asymmetry and bi-modality. Some properties of the new model, such as the trigonometric moment generating function, and asymptotic inference about the truncation parameter are presented. Simulation and real data examples are provided at the end to demonstrate the utility of the novel distribution.

인증기능을 가진 혼합형 암호시스템 설계 (Hybrid Cryptosystem Design with Authentication)

  • 이선근;김영일;고영욱;송재호;김환용
    • 대한전자공학회:학술대회논문집
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    • 대한전자공학회 2002년도 하계종합학술대회 논문집(2)
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    • pp.341-344
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    • 2002
  • The importance of protection for information is increasing by the rapid development of information communication and network. Asymmetric crypto-system is the mainstream in encryption system rather than symmetric cryptosystem by above reasons. But asymmetric cryptosystem is restricted in applying to application fields by the reason it takes more times to process than symmetric cryptosystem. In this paper, the proposed cryptosystem uses an algorithm that combines block cipherment with stream ciphcrment. Proposed cryptosystem has a high stability in aspect of secret rate by means of transition of key sequence according to the information of plaintext while asymmetric /symmetric cryptosystern conducts encipherment/decipherment using a fixed key Consequently, it is very difficult to crack although unauthenticator acquires the key information. So, the proposed encryption system which has a certification function of asymmetric cryptosystcm and a processing time equivalent to symmetric cryptosystcm will be highly useful to authorize data or exchange important information.

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전압분포의 선형특성을 이용한 Long-Channel Asymmetric Double-Gate MOSFET의 문턱전압 모델 (Analytical Model for the Threshold Voltage of Long-Channel Asymmetric Double-Gate MOSFET based on Potential Linearity)

  • 양희정;김지현;손애리;강대관;신형순
    • 대한전자공학회논문지SD
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    • 제45권2호
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    • pp.1-6
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    • 2008
  • Long-channel Asymmetric Double-Ga(ADG) MOSFET의 해석적 문턱전압 모델을 제시한다. 본 모델은 채널 도핑과 채널의 양자효과까지 고려하였으며 더 나아가 문턱전압 영역에서 potential 분포의 선형특성을 이용하여 기존의 모델보다 간단하면서도 정확한 접근을 가능하게 하였다. 개발한 모델의 정확도는 다양한 실리콘 필름의 두께, 채널 도핑, 그리고 산화막 두께 변화에 대하여 numerical 시뮬레이션 결과와 비교하여 검증하였다.

Efficient Certificateless Authenticated Asymmetric Group Key Agreement Protocol

  • Wei, Guiyi;Yang, Xianbo;Shao, Jun
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • 제6권12호
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    • pp.3352-3365
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    • 2012
  • Group key agreement (GKA) is a cryptographic primitive allowing two or more users to negotiate a shared session key over public networks. Wu et al. recently introduced the concept of asymmetric GKA that allows a group of users to negotiate a common public key, while each user only needs to hold his/her respective private key. However, Wu et al.'s protocol can not resist active attacks, such as fabrication. To solve this problem, Zhang et al. proposed an authenticated asymmetric GKA protocol, where each user is authenticated during the negotiation process, so it can resist active attacks. Whereas, Zhang et al.'s protocol needs a partially trusted certificate authority to issue certificates, which brings a heavy certificate management burden. To eliminate such cost, Zhang et al. constructed another protocol in identity-based setting. Unfortunately, it suffers from the so-called key escrow problem. In this paper, we propose the certificateless authenticated asymmetric group key agreement protocol which does not have certificate management burden and key escrow problem. Besides, our protocol achieves known-key security, unknown key-share security, key-compromise impersonation security, and key control security. Our simulation based on the pairing-based cryptography (PBC) library shows that this protocol is efficient and practical.

A 6.4-Gb/s/channel Asymmetric 4-PAM Transceiver for Memory Interface

  • 이광훈;장영찬
    • 한국정보통신학회:학술대회논문집
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    • 한국해양정보통신학회 2011년도 춘계학술대회
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    • pp.129-131
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    • 2011
  • Hight speed memory application을 위하여 6.4-Gb/s/channel 4-PAM transceiver가 제안된다. Voltage margin과 time margin용 증가시키기 위하여 asymmetric 4-PAM scheme과 이를 위한 회로를 제안한다. 제안된 asymmetric 4-PAM scheme은 기존 회로에 비하여 송신단에서 33%의 기준전압 노이즈 영향을 줄인다. Channel의 ISI를 줄이기 위해서 transmitter의 1-tap pre-emphasis가 사용된다. 제안된 asymmetric 4-PAM transceiver는 1.2V supply 0.13um 1-poly 6-metal CMOS 공정에서 구현되었다. PLL을 포함한 1-channel transceiver의 면적과 전력소모는 각각 $0.294um^2$와 6mW이다.

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비대칭 활성화 확산 이론을 이용한 휴대폰 메뉴 구조 디자인 (Menu Structure Design using Asymmetric Spreading Activation in Mobile Phone)

  • 오세응;명노해
    • 대한인간공학회지
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    • 제28권1호
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    • pp.1-7
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    • 2009
  • As products are getting more diverse and new products are entering the market faster, customers have trouble learning how to use them. User-oriented menu structures may solve this problem. In order to design user-oriented menu structures, spreading activation theory has been studied. The spreading activation test shows that the strong associative relationship between words has shorter response times. Based on the spreading activation test, asymmetric spreading activation was introduced and a hypothesis that in a well-designed menu structure, association between upper-low menu pairs is not affected by an activation direction was tested for this study. In this study the menu of a cellular phone (Model: SPH-w2900) was extracted, and underwent 1st spreading activation tests. Then, on each menu pair, response time differences (asymmetric transition) by accuracy and directions were analyzed to find out problems in labels and improve menu structures and vocabulary. Second spreading activation tests were conducted to check whether asymmetric transitions decreased. The results showed that response time differences (asymmetric transition) for activation directions were found to be dropped significantly. Asymmetric transitions in spreading activation presented in this study will be helpful to define user-oriented menu structures.