전단유동 내에 위치한 구 주위의 유동특성에 관한 연구

학위논문(석사)--서울대학교 대학원 :기계항공공학부,2003.Maste

Long-run equilibrium relationships in the international stock market factor systems

The main objective of this paper is to investigate the international linkages among local, country-specific stock market factors in order to better understand the dependence structure of increasingly integrated world financial markets. The seeming discordance between Fama and French (1998) and Griffin (2002) regarding the multi-factor model in the international stock markets motivates us to study the international relationship among local factors. With the individual stock data from the six major developed countries in the international stock market, we compose daily returns to the Fama-French three factors (i.e. market, size, and value) and the momentum factor over the period from January 2000 to June 2010. We investigate the international linkages among local stock market factors, focusing on their equilibrium relationship in the integrated world financial market. The cointegration analysis indicates that local factor indices, constructed from the cumulative factor returns, are cointegrated for each of the four factor classes. Thus, we conclude that local factors are globally bound to each other through a long-run equilibrium relationship and that although stock market factors may be local, rather than global, individual stock returns are driven by common global stochastic trends

우리나라 제조업체의 사전원가계산 사용실태에 관한 연구 : 주요 대기업을 대상으로 한 사례중심으로

학위논문(석사)--서울대학교 대학원 :경영학과 경영학전공,1999.Maste

A Numerical Analysis to Study Whether the Early Termination of Reverse Mortgages is Rational

A reverse mortgage supports the aging society more sustainably by providing stable cash flows to elderly retirees. Although the reverse mortgage market has successfully grown in many developed countries, we have observed significantly increased early terminations due to the recent housing market boom in Korea. In this study, we provide the numerical solutions for the monthly payment from the actuarial pricing model of the reverse mortgage, reflecting the house price growth and mortality improvement to examine whether the early-termination-and-repurchase strategy is profitable. Findings suggest that in order for the strategy to be profitable, the realized growth rate of the house price should be significantly greater than the expected growth rate in the actuarial pricing model. Furthermore, for the older borrower, the greater growth rate of the house price is required for the strategy to be profitable

The)Expression and role of the NF-kB family in human lung cancer cell lines

학위논문(박사)--서울대학교 대학원 :의학과 내과학전공,1997.Docto

Interferon gamma Inhibits the Osteoprotegerin ligand-induced Angiogenesis.

Maste

Control of building height to preserve urban historic landscapes in Korea

학위논문(박사)--서울대학교 :협동과정 조경학 전공,1999.Docto

호흡기계 암세포주에서 TNF-α유전자의 이입이 항암제 감수성에 미치는 효과

학위논문(석사)--서울대학교 대학원 :의학과 내과학전공,1995.Maste

유전자와 생체분자의 동적 상호작용을 이용한 유전자 조절 네트워크의 구조 예측 및 동역학 분석

Thesis(doctors) --서울대학교 대학원 :협동과정 생물정보학전공,2008.8.Docto

International transmission of risk factor movements: The case of developed markets

Under the Carhart four-factor system, this study examines the international transmission mechanism among country-specific risk factors by focusing on the cross-border transmission of factor innovation. We find that international stock markets are interrelated with respect to market, size, value and momentum factors, and developed countries play different roles in each factor system. Moreover, the United States (US) plays a dominant role in the market factor system, with US innovations in terms of size and momentum factors being significantly transmitted to other markets, whereas its influence on the value factor seems marginal. The United Kingdom is found to be the most influential market in the size factor system. Finally, Japanese value factor innovations better explain Hong Kong variance than US value factor innovations. Our results indicate that international exposure to risk factors can be exploited to implement effective hedging strategies and manage globally diversified portfolio risks. © 2018 Investment Analysts Society of South Africa.Ministry of Educatio