• Management & Information Systems Review
• /
• v.37 no.2
• /
• pp.187-207
• /
• 2018

This study examines the negative relationship between accounting conservatism and excess executive compensation and examines whether their relationship increases as managerial incentive compensation intensity increases. For this purpose, a total of 2,755 company-years were selected for the analysis of the companies listed on the Korea Stock Exchange from December 2012 to 2016 as the final sample. The results of this study are as follows. First, there is a statistically significant negative relationship between accounting conservatism and manager overpayment. This implies that managers' incentives to distort future cash flow estimates by over booking assets or accounting profits in order to maximize their compensation when manager compensation is linked to firm performance. In this sense, accounting conservatism can reduce opportunistic behavior by restricting managerial accounting choices, which can be interpreted as a reduction in overpayment to managers. Second, we found that the relationship between accounting conservatism and excess executive compensation increases with the incentive compensation for accounting performance. The higher the managerial incentive compensation intensity of accounting performance is, the more likely it is that the manager has the incentive to make earnings adjustments. Therefore, the high level of incentive compensation for accounting performance means that the ex post settling up problem due to over-compensation can become serious. In this case, the higher the managerial incentive compensation intensity for accounting performance, the greater the role and utility of conservatism in manager compensation contracts. This study is based on the fact that it presents empirical evidence on the usefulness of accounting conservatism in managerial compensation contracts theoretically presented by Watts (2003) and the additional basis that conservatism can be used as a useful tool for investment decision.

• Journal of Korean Society of Steel Construction
• /
• v.18 no.5
• /
• pp.553-562
• /
• 2006

Lateral loading due to wind or earthquake is a major factor that affects the design of high-rise buildings. This paper highlights the problems associated with the seismic design of high-rise buildings in regions of strong wind and moderate seismicity. Seismic response analysis and performance evaluation were conducted for wind-designed concentrically braced steel high-rise buildings in order to check the feasibility of designing them per elastic seismic design criterion (or strength and stiffness solution) in such regions. Review of wind design and pushover analysis results indicated that wind-designed high-rise buildings possess significantly increased elastic seismic capacity due to the overstrength resulting from the wind serviceability criterion. The strength demand-to-capacity study showed that, due to the wind design overstrength, high-rise buildings with a slenderness ratio of larger than four or five can elastically withstand even the maximum considered earthquake (MCE) with the seismic performance level of immediate occupancy under the limited conditions of this study. A step-by-step seismic design procedure per the elastic criterion that is directly usable for practicing design engineers is also recommended.

• Journal of the Society of Naval Architects of Korea
• /
• v.35 no.3
• /
• pp.62-70
• /
• 1998

This paper is a study on the fatigue Strength depending on bead height. According to the AWS CODE D1.1, reinforcement shall not exceed 1/8"(3.2mm) in height. Most of the bead heights exceed AWS rule in actual welding. So we estimated the fatigue Strength of the as-welded specimens and the removed bead specimens of which height is 3mm with SAW 2 pole process. As a result, this paper presents that fatigue Strength is not concerned with as welded condition and removed 3mm bead height, also fatigue Strength obtained as welled specimens are satisfied with those proposed by the UK DEN, DNV and AWS.

• Journal of the Earthquake Engineering Society of Korea
• /
• v.11 no.2 s.54
• /
• pp.95-104
• /
• 2007

Three types of high-rise RC building structures having irregularity in the lower two stories were selected as prototypes and were performed nonlinear static analysis by using OpenSees to verify the analysis technique and to investigate the seismic capacity of those buildings. The first one has a symmetrical moment resisting frame (Model 1), the second has an infilled shear wall in the central frame (Model 2), and the third has an infilled shear wall only in one of exterior frames (Model 3). Fiber model, which consists of concrete and reinforcing bar represented from stress-strain relationship, is adapted used for simulate the nonlinearity of members, and MVLEM(Multi vertical linear element model) is used for simulate the behavior of wall. The analytical results are simulate the behavior of piloti stories well, for example, the stiffness and yield farce of piloti stories, the up-lift of wall and the variation of lateral stiffness of column due to the variation of axial forces. Overstrength of Model 2 and Model 3 are about 2 times larger than that of Model 1. The reason of the high oversttrength and ductility of Model 2 and Model 3 is that the conservative design of Model 2 and Model 3, whose beam and column sections are the same as those of Model 1. The ductilities of Model 1 and Model 3 are slightly larger than that of Model 1 and Model 3. Model 1 and Model 3 reached mechanism condition, whereas Model 2 failed to the shear failure of shear wall and the large axial forces in columns due to large overturning moment.

• Journal of the Computational Structural Engineering Institute of Korea
• /
• v.34 no.5
• /
• pp.271-278
• /
• 2021

According to the capacity design of eccentrically braced frames (EBFs), non-dissipative members such as columns, link-exterior beams, and braces must remain within the elastic region when a fully-yielded and strain-hardened link transmits force to them. The current AISC 341 standard suggests a strain-hardening factor (SHF) of 1.25 for a link under capacity design, regardless of its properties. However, all the links in an EBF are not likely to yield simultaneously to the extent to which the overstrength corresponding to 1.25 times their expected strength is attained, especially for high-rise buildings. Considering this phenomenon, a technique to predict the SHF of links at the limit state of the structure is proposed in this paper. The exact prediction of the links' SHF could save structural quantities dramatically while achieving the principle of capacity design. To validate the effectiveness of this technique, SHF values predicted by conducting linear analysis were compared with those evaluated by nonlinear analysis. Furthermore, the maximum demand-to-capacity ratios of the non-dissipative members were calculated to verify whether they would remain elastic at the limit state of the structure. Consequently, EBFs designed by the proposed method showed substantially economical quantities through the exact prediction of the SHFs, and the intention of capacity design was successfully achieved.

• Journal of Korean Society of Steel Construction
• /
• v.18 no.2
• /
• pp.271-278
• /
• 2006

This paper is to investigate into the stress-strain curves for austenite stainless steel STS 304 over the full strain range. The Ramberg-Osgood expression is useful up to the beyond the0.2% proof stress in the ultimate state. The Rasmussen curve has developed for stresses beyond 0.2% proof stress, based on the Ramberg-Osgood concept. These expressed curves don't good agree with the test results. It is here proposed the based on the analysis of the test results better curve.

• Journal of Korea Water Resources Association
• /
• v.54 no.11
• /
• pp.915-924
• /
• 2021

In this study, the probability of exceeding capacity for 4 check dams in Muju mountain region have been estimated. From the results, optimum design of check dam and safety according to wild fire have been discussed. Reliability model has been established by using MSDPM for calculating debris yield to estimate the probability of exceeding capacity of check dam. Probability of exceeding capacity for 4 check dams has been estimated according to maximum rainfall intensity of return periods (10year, 50year, 100year, and 200year). It was found that 1 check dam of Samga-ri basin and 1 check dam of Jeungsan-ri basin were designed by overestimation and 61% and 47% of capacity should be reduced, respectively. Furthermore, probability of exceeding capacity according to burned area has been estimated and compared. It was found that check dam of Sanga-ri basin is the weakest for the wild fire effect in this study area.

• Proceedings of the Korea Water Resources Association Conference
• /
• 2022.05a
• /
• pp.101-101
• /
• 2022

IDF (Intensity-Duration-Frequency) 곡선에서 익숙하다시피 강우지속시간과 최대강우강도는 반비례한다. 그동안 이러한 관계를 살펴보는 것은 대개 수십 시간의 규모에 그쳤다. 이 연구에서는 과연 시계열에서 시간 규모를 계속 증가시키면서 해당 시간 동안의 최대강우강도가 어떻게 변하는지를 살펴보았다. 가능한 장기간의 강수관측이 이루어진 우리나라 24개 지점을 대상으로 시간 규모를 최장 한 세기까지 키우면서 최대강우강도의 변화를 분석하였다. 작은 시간 규모에서는 그 관계가 멱함수를 따르지만, 시간 규모가 점차 늘어나면서 최대강우강도는 설계 목적의 지속시간 범위에서 결정된 멱함수 또는 기존 IDF 곡선으로부터 외삽하기 어려워진다. 이러한 변화는 점차 정상 연강수량으로 점근하는 결과를 가져온다. 분석된 결과를 토대로 연 단위를 초과하는 지속시간에 걸친 최대강우강도의 감쇄를 적절하게 표현할 수 있는 함수식을 제시하였다.

• Proceedings of the Korea Concrete Institute Conference
• /
• 1995.04a
• /
• pp.305-310
• /
• 1995

토목 및 건축재료로서 폴리프로필렌 섬유 모르타르 및 콘크리트의 사용은 미국, 영 국 등지에서 개발되기 시작하여 많은 연구가 진행되어 왔는데, 가격이 저렴하고, 화학적인 안정성과 내구성이 우수하여 그 사용이 점차 증대되고 있는 실정이다. 이러한 폴리프로필렌 섬유의 사용은 모르타르 및 콘크리트가 건조나 냉각에 의해 수축될 때 구속에 의해 발생하 는 인장응력 및 균연을 제어하고, 인성의 증가와 충격, 마모, 피로에 대한 저항성, 내구성을 증대시키는 등의 장점을 가지는 것으로 보고되고 있다. 본 연구에서는 이러한 폴리프로필렌 섬유 모르타르 및 콘크리트의 역학적 거동특성인 압축강도, 인장강도, 인성, 유동성과 균열 특성을 실험적으로 규명하고자 하였다. 실험결과 폴리프로필렌의 혼입량이 증가할수록 압축 강도, 인장강도, 인성의 증가를 보였으나, 혼입향 0.2%를 초과할 경우 유동성, 강도 모두 감 소하는 것을 볼 수 있었다. 그리고 단섬유형 보다는 메쉬 형태의 폴리프로필렌 섬유가 역학 적 특성면에서 우수한 것으로 관찰되었으며, Kraai 방법에 의한 소성수축균열제어 특성 실 험에서 약 45% 이상으 균열감소 (0.1%혼입) 효과를 볼 수 있었다.

• Magazine of the Korea Concrete Institute
• /
• v.5 no.1
• /
• pp.165-173
• /
• 1993

본 연구는 고강도 콘크리트 실용화의 일환으로 국내에서 시판되고 있는 고성능 감수제의 품질성능을 평가하기 위한 것이다. 이러한 연구를 위하여 8종류의 고성능 감수제를 대상으로 첨가량에 따른 특성을 비교하였다. 또한 경시변화에 따른 특성을 비교, 분석하기 위하여 슬럼프, 공기량 그리고 압축강도비를 측정하였다. 이 때 고성능 감수제의 품질성능 평가 규준는 JASS 5T-402 규준에 따라 실시하였다. 실험결과 국내에서 시판되는 고성능 감수제는 공기량, 앞축강도비에 대해서는 모두 만족하였지만 슬럼프 경시 저하량은 DA를 제외한 모든 고성능 감수제가 규준치를 초과하였다. 따라서 현장에서 고강도콘크리트를 생산할 경우 배합방법이나 첨가방법을 개선하여 시공성을 확보하는 방안이 필요할 것이다.