We examine the effects of the complexity of tax-related information on the issuance of analyst’s pre-tax income forecast and its value relevance. If analysts respond adequately to the needs of investors, they are more likely to provide a pre-tax income forecast. The provision of a pre-tax income forecast may indicate analysts’ confidence in assessing the quality of earnings. Thus, investors, in turn, would be more confident in the analysts’ pre-tax income forecasts if analysts provide both pre-tax and earnings forecasts than only the latter. Using a sample of Korean listed companies for 2005–2014, we find that analysts are likely to provide an implicit tax forecast when the volatility of the effective tax rate is low and the book-tax differences are small. We also find that when analysts provide pretax and after tax income forecasts, the value relevance for unexpected earnings increases. These results indicate that analysts are likely to be interested in corporate tax information and the complexity of tax-related information affects the availability of implicit tax forecasts. Furthermore, this study provides empirical evidence that when analysts provide both pre-tax and after tax income forecasts, investors have more confidence in analysts’ earnings forecasts, which results in greater investors’ responses.

Challenging Minisatellite Payload (CHAMP) satellite magnetic data are used to investigate the latitudinal variation of the storm-time meso-scale field-aligned currents by defining a new metric called the FAC range. Three major geomagnetic storm events are considered. Alongside SymH, the possible contributions from solar wind dynamic pressure and interplanetary magnetic field (IMF) BZ are also investigated. The results show that the new metric predicts the latitudinal variation of FACs better than previous studies. As expected, the equatorward expansion and poleward retreat are observed during the storm main phase and recovery phase respectively. The equatorward shift is prominent on the northern duskside, at ~58° coinciding with the minimum SymH and dayside at ~59° compared to dawnside and nightside respectively. The latitudinal shift of FAC range is better correlated to IMF BZ in northern hemisphere dusk-dawn magnetic local time (MLT) sectors than in southern hemisphere. The FAC range latitudinal shifts responds better to dynamic pressure in the duskside northern hemisphere and dawnside southern hemisphere than in southern hemisphere dusk sector and northern hemisphere dawn sector respectively. FAC range exhibits a good correlation with dynamic pressure in the dayside (nightside) southern (northern) hemispheres depicting possible electrodynamic similarity at day-night MLT sectors in the opposite hemispheres.

With the development of China's economy, more and more Chinese firms started multinational operation. Different with the developed countries’ multinational firms, the multinational level of Chinese firms is obviously still in the development stage. In China's academic research, many scholars have studied the relationship of firms’ M-P (multinationality-performance). Like other academic studies in developed countries, they have also drawn various results, such as linear relationships, nonlinear relationships (S-shaped, U-shaped, inverted U-shaped, W-shaped, etc.). This paper uses the panel data of 242 multinational firms listed in China's A-shares from 2008 to 2016. The empirical research method is used to study the relationship between market indicators, accounting indicators and M-P, and the firm's asset management efficiency is also studied. The empirical results show that market indicators and financial indicators have both a significant positive effect on M-P. Whereas, the asset turnover rate plays a negative role in regulating M-P. It shows that Chinese manufacturing firms can accelerate the process of multinationality by expanding the market and managing corporate finances.

Purpose - Economic globalization provides firms with a new channel to gain benefits from foreign countries. Therefore, using the real MNEs, this paper set China’s firms as an example to explore the relationship between multinationality and performance. Research design, data, and methodology - Panel data from 2008 to 2017 was used and 390 multinational firms listed in China’s A-share market was selected. Additionally, related econometric methods were employed to analyze the relationship between multinationality and performance in this study. The return on assets was treated as a dependent variable, and the sales of a firm, the firm age, the debt asset ratio of a firm, the ratio of foreign sales to total sales and the enterprise properties were treated as independent variables. All of these factors were used to conduct an empirical analysis. Results - The empirical findings in this study revealed that there is a linear relationship between multinationality and performance, as well as that non state-owned enterprises (non-SOEs) have a greater effect on the relationship between multinationality and performance than that of the state-owned enterprises (SOEs). Conclusions - On the basis of evidences this paper provided, China’s government should take measures in the future to help China’s firms when they fulfil international economic activities.

This study intended to examine the relationship between inflation and unemployment rate in Indonesia during 1987 to 2018 period. The study applied a quantitative method using Vector Error Correction Model (VECM) in order to comprehensively understand the causality between inflation and unemployment rates. The data were collected from various main sources including the World Bank, Central Bank of Indonesia, and Central Bureau of Statistics (BPS). The findings showed that inflation has a one-way relationship toward unemployment in Indonesia and it occurs at the third lag. Impulse Response Function (IRF), shows that the inflation rate are fluctuating in response to the shock of unemployment. The unemployment rate responses to shocks from inflation initially increased until it is eventually diminished. It shows that the shocks caused by the impact of inflation were only in the short term. Further, inflation in the three previous lags will have consequences for the unemployment rate in the year. Lastly, both in the long run and short run, unemployment did not affect inflation rates. These findings suggest that high inflation in Indonesia is determined the rising price of basic commodities and fuel. In addition, most companies in Indonesia applying capital intensive so that employment growth in Indonesia is small.

A Fabry-Perot interferometer (FPI) for mesospheric observations was installed at King Sejong Station (62.2°S, 58.9°W) in Antarctica in 2017. For the initial validation of the FPI measurements, we compare neutral wind data recorded with the FPI with those from a Meteor Radar (MR) located nearby. The overall characteristics of the FPI and MR winds of both OH 892.0 nm (87 km) and OI 557.7 nm (97 km) airglow layers are similar. The FPI winds of both layers generally match the MR winds well on the observed days, with a few exceptions. The correlation analysis of the FPI and MR wind data shows that the correlation coefficients for the zonal winds at 87 and 97 km are 0.28 and 0.54, respectively, and those for the meridional winds are 0.36 and 0.54, respectively. Based on the assumption that the distribution of the airglow emissions has a Gaussian function with respect to the altitude, we calculated the weighted mean winds from the MR wind profile and compared them with the FPI winds. By adjusting the peak height and full width at half maximum of the Gaussian function, we determined the change of the correlation between the two winds. The best correlation for the OH and OI airglow layers was obtained at a peak height of 88–89 km and 97–98 km, respectively.

Currently, container transport services play a substantial role in global cargo transportation, by serving as an intermodal between exporter and importer. Container shipping has become increasingly important over the past few decades, due to obvious advantages. However, Vietnam's container market has shown severely ongoing competition among numerous domestic and foreign shipping lines, resulting in serious consequences occurring such as freight rates substantially decreasing within the last 10 years. Vietnam's sea lanes have become more defensive, to cover losses of shipping companies. Selection of criteria for competitive evaluation of container transport companies is necessary, to facilitate addressing the problems within the enterprise, especially relating to its position in the market and from here, business management can implement strategic plans and reasonable policy, to survive and grow.

본 연구는 코끼리 흑마늘의 분말화를 위해 추출액과 말토덱스트린을 비율 별로 첨가한 후 분말을 제조하였으며, 제조 및 저장 조건 별로 품질 특성을 비교 분석하는데 목적을 두었다. 분말의 용해도는 90.87-96.93%으로 5:5 처리구에서 가장 높은 값을 보였으며 색깔의 경우 말토덱스트린 함량이 증가할수록 명도는 감소하였으나 적색도와 황색도는 증가하였다. 입도는 7:3 처리구를 제외하고 말토덱스트린 함량에 비례하여 증가하는 추세를 보였으며, 분산성은 0.54-0.63 범위에서 나타났다. 포화 염용액으로 다른 상대습도를 조성하여 25, 35℃에서 분말을 각각 저장했을 때 평형 수분함량은 4:6에서 가장 낮게 나타났다. 그리고 단분자층 수분함량을 산출하기 위해 GAB 식과 BET 식을 이용하였으며 모든 조건에서 0.943-0.997로 높은 R2값을 보였다. 여러 처리구 중 4:6 처리구가 단분자층 수분함량이 가장 낮았으며 다른 처리구들은 온도나 적용 식에 따라 다른 추세를 보였다. 또한 등온 흡습 모델의 적합성을 확인하기 위해 Caurie, Halsey, Kuhn, Oswin, Mizrahi 식을 사용하였는데, 그 중 Halsey, Kuhn 식이 높은 R2 값과 낮은 편차를 보여 적합성을 나타내었다.

Jang Bogo Station (JBS), the second Korean Antarctic research station, was established in Terra Nova Bay, Antarctica (74.62°S 164.22°E) in February 2014 in order to expand the Korea Polar Research Institute (KOPRI) research capabilities. One of the main research areas at JBS is space environmental research. The goal of the research is to better understand the general characteristics of the polar region ionosphere and thermosphere and their responses to solar wind and the magnetosphere. Ground-based observations at JBS for upper atmospheric wind and temperature measurements using the Fabry-Perot Interferometer (FPI) began in March 2014. Ionospheric radar (VIPIR) measurements have been collected since 2015 to monitor the state of the polar ionosphere for electron density height profiles, horizontal density gradients, and ion drifts. To investigate the magnetosphere and geomagnetic field variations, a search-coil magnetometer and vector magnetometer were installed in 2017 and 2018, respectively. Since JBS is positioned in an ideal location for auroral observations, we installed an auroral all-sky imager with a color sensor in January 2018 to study substorms as well as auroras. In addition to these observations, we are also operating a proton auroral imager, airglow imager, global positioning system total electron content (GPS TEC)/scintillation monitor, and neutron monitor in collaboration with other institutes. In this article, we briefly introduce the observational activities performed at JBS and the preliminary results of these observations.

Purpose - With the rapid economic development, great changes have happened in the Chinese beer market. The scale of imported beer is increasing. However, the sales of native Chinese beer decrease in recent years. It is because more Chinese customers prefer beer with unique attributes than those with lower prices. In order to take an advantage in this market, practitioners should develop new products to satisfy Chinese customers. Scholars have also focused on beer characteristics to estimate consumers’ behavior for improving the development of beer industry. However, most studies are theoretically centered on marketing strategy management or general understanding of the market. It is not enough for us to explain customers’ consumption patterns. Some empirical research did attempt to find out beer attributes that may influence their choice behavior. However, they failed to verify what can increase customers’ utility through a new product. More importantly, few evidences can be found in the literature. Therefore this study explores the major characteristics of imported beer which may associate with customers’ preferences. Research design, data, and methodology - With the results of literature review and focus group interview, we found out four main imported beer attributes and the levels of each factor. A pre-test is constructed to check the problems in the questionnaire protocol. With the results of pre-test, the revised questionnaire is processed among customers who have purchased and had imported beer in China regions such as Beijing, Shanghai, Jiangsu, Guangdong and so on. The choice-based conjoint analysis is applied to analyze the useful data of 205. Results - Results indicate that choice-based conjoint analysis is the effective method to estimate customers’ choice behavior. Results also indicate that country of origin, price, taste, and package affect customers’ preference and the importances of imported beer attributes are significantly different. Conclusions - Country of origin, price, taste, and package are important for customers to make an imported beer choice decision. Marketers should consider these determinants and their importance to develop new products. Moreover, choice-based conjoint analysis should be the useful method for practitioners to develop a new product of imported beer for sustainable business in the competitive industry.

Vietnam is entering an important phase of urbanization that corresponds to the current economic development. Developing logistics of Vietnam in general, and Haiphong particularly, is urgent in order to meet the need for the economic development of Viet Nam in this period of international integration. Hai Phong’s development record over the past 20 years is remarkable. In conjunction with the local government’s efforts, external factors, such as increasing direct foreign investment, is turning Hai Phong into Vietnam’s logistics hub. However, even though Hai Phong accounted for 98% of North Vietnam’s throughput, its logistics services are low level, the ports are fragmented, and the port management scale is backward, with the legal system overlapping. This paper has systematically evaluated the development of Haiphong city during recent years, then offers some solutions to develop logistics for Hai Phong ports.

Background : Kenaf (Hibiscus cannabinus L.) is a member of the malvaceae family and has been prescribed in traditional folk medicine in Africa and India. It showed broad biologicas activities such as hepatoprotective activity, antioxidative activity and haematinic activity. Kenaf leaves contain a lot of vegetable calcium, protein, iron and vitamins, so have high potential as functional food. Thus, the present study purposed to analyze useful substances contained in kenaf leaves and their activities and look for their possibilities as the materials of food and medicine. Methods and Results :　We sowed the seeds of three varieties of kenaf, namely, Dowling, Everglade-41 and Tainung-2 at planting space of 20 × 20㎝ on the field and collected plants on the 98th , 127th and 141st days from sowing. The total polyphenol content was measured using a slightly modified Folin-Denis method, which uses the phenomenon that a phenolic substance turns blue by reaction with phosphomolybdate. Conclusion : We analyzed SOD enzyme activity related to the scavenging of superoxide anion radical (․O2-) through NBT reduction. As for the SOD activity of leaf extract by variety, the activity was 92.6%, 91.0% and 92.6%, respectively, in Tainung-2 on day 98, 127 and 141 from sowing, slightly higher than those in the other two varieties but not significantly different. The activity was slightly higher in the middle period of growth than in the harvest period, but not much different according to harvest time. As for the DPPH radical scavenging activity of leaf extract by variety, the activity was 80.87% and 80.71%, respectively, in Tainung-2 on day 98 (30th of October)and day127 (28th of September), slightly higher than the other two varieties.

Purpose - Because of the development of smartphone and communication technology, Smart TV programs are filled with various contents and applications. This study included additional individual variables like innovativeness and self-efficacy, and characteristics of smart TV are both user-interface and function as exogenous factors based on TAM model. So, this study focuses on identifying the influencing factors of continuous use intention of smart TV traits and user ones and analyzing how they make influences on them in China market. Research design, data, and methodology - Totally 182 samples were adopted as appropriate ones for analysis in this study. They were collected from 20 February 2016 to 10 March 2016. Results - The results are as follows. First, function has positive influence on perceived usefulness. Second, innovation and user-interface make affirmative influences on perceived easiness. Third, perceived easiness has affirmative influence on perceived usefulness. Fourth, the perceived easiness and perceived usefulness make positive ones on continuous use intention. Fifth, perceived ease of use affects significantly on perceived usefulness. Conclusions - According to the findings, they (smart TV traits and user traits), influencing on continuous use intention, are possible to give significant implications on persistent development in China smart TV market.

In this study, we investigated the relationship between noise reduction and the community structure of nine groups of typical plant communities as well as the reduction in noise at different frequencies. The semantic differential method was adopted to explore the perception of noise reduction. The results indicated that there was a significantly positive correlation between noise reduction and coverage , a significantly negative correlation between noise reduction and bifurcate height, and a negative correlation between noise reduction and bare rate. However, there was no significant correlation between noise reduction and height, diameter at breast height, or crown width. The reduction of middle-frequency noise was better than that of low- and high-frequency noise. The indicators "quiet" and "calm" showed that plant communities could reduce the noise perceived by humans. However, overly dense woodland caused nervousness, fear, depression, and other negative effects. Relatively open environments and those with large forest gaps obtained the highest evaluation.

Background : This study analyzes changes in DPPH radical scavenging activity, total polyphenol contents, and total flavonoid contents of six different kinds of Kenaf (Hibiscus cannabinus L.) leaves which are identified as herbaceous plants, and are living in the subtropics. The data of changes in polyphenol, flavonoid contents and DPPH radical scavenging activities were analyzed, based on two different lengths of growth period.. Methods and Results : The six different kinds of cultivars ; Jangdae in Korea, and El-1, R, G-1, Ef-1, Ef-2 in the State of Israel were collected on the 43th and 62nd day from when they have planted. The collected cultivars were dried at 70℃, and 80% of methanol concentration was applied to each ground specimen. Extraction was made by immersion and filtering process at room temperature. Samples were classified into two groups, one for cultivars that were collected on the 43th day, and the other for the collection of the 62nd day. We measured the rate of DPPH radical scavenging activity, total polyphenol contents, and total flavonoid contents for every Samples. For the group of the 43th day collection, Jangdae showed the highest rate of radical scavenging activity as well as the highest polyphenol contents, and El-1had the highest flavonoid contents. For the group ofthe 62nd day collection, R demonstrated not only the highest contents of polyphenol and flavonoid, but alsothe highest rate of antioxidant activity. When we compared each cultivar from another regardless its date of collection, R resulted biggest increase in all of functional components. Conclusion : Based on the test results, useful components and antioxidant activity of kenaf leaves increase in proportion to longer growing period. Particularly, the study indicates that R can be utilized as a cosmetic ingredient crop, as the rate of increase in polyphenol and flavonoid contents were highest among the six cultivars.

Different biotic agents such as bacteria, fungi, nematode and virus interact with plants, and causes significant annual crop loss. The plants interact with these pathogen and undergo various changes at physiological, biochemical and molecular levels. The omics technique is a powerful way which provides important information related to molecular changes occurring during plant-pathogen interaction. Several studies have been conducted and revealed either up or down-regulation of many genes involved in metabolism, energy, photosynthesis, signaling, defense and ROS upon pathogen interaction. In this review, we highlight recent progress in proteomic studies of plant-pathogen interaction, which could be useful for controlling disease and development of molecular markers for early detection of different diseases.