• Journal of the Korea Academia-Industrial cooperation Society
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• v.19 no.9
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• pp.100-107
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• 2018

This study investigated the effect of corporate international diversification on cost stickiness. A cost behavior that indicates a lower rate of cost reduction when the volume of sales decreases than the rate of cost increase when the volume of sales is increased is called cost stickiness. This cost behavior is caused by decisions made by considering the adjusting costs of the manager, and for corporate international diversification, the decision making on the adjustment cost of the manager has been reduced by the offsetting accruals hypothesis. From the empirical results, we observed that the cost stickiness of international diversified companies decreases. It is expected to contribute to the capital market and academia by identifying whether corporate international diversification can have a significant impact on management decision making related to costs.

• Journal of the Earthquake Engineering Society of Korea
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• v.21 no.3
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• pp.137-144
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• 2017

The cyclic behavior of braces is complex due to their asymmetric properties in tension and compression. For accurately simulating the cyclic curves of braces, it is important to predict the major parameters such as cyclic brace growth, cyclic buckling load, incidence local buckling and fracture with good precision. For a given brace, the most accurate values of these parameters can be estimated throughout experiments. However, it is almost impossible to conduct experiments whenever an analytical model has to be established for many braces in building structures due to enormous cost and time. For avoid such difficulties, empirical equations for predicting constituent parameters are proposed from regression analyses based on test results of various braces. This study focuses on rectangular hollow structural section(HSS) steel braces, which have been popularly used in construction practice owing to its sectional efficiency.

• Structural Engineering and Mechanics
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• v.67 no.6
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• pp.671-682
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• 2018

The effect of earthquake induced torsion, due to mass eccentricities, is investigated with the objective of providing practical design guidelines for minimizing the torsional response of building structures. Current code provisions recommend performing three dimensional static or dynamic analyses, which involve shifting the centers of the floor masses from their nominal positions to what is called an accidental eccentricity. This procedure however may significantly increase the design cost of multistory buildings, due to the numerous possible spatial combinations of mass eccentricities and it is doubtful whether such a cost would be justifiable. This paper addresses this issue on a theoretical basis and investigates the torsional response of asymmetric multistory buildings in relation to their behavior when all floor masses lie on the same vertical line. This approach provides an insight on the overall seismic response of buildings and reveals how the torsional response of a structure is influenced by an arbitrary spatial combination of mass eccentricities. It also provides practical guidelines of how a structural configuration may be designed to sustain minor torsion, which is the main objective of any practicing engineer. A parametric study is presented on 9-story common building types having a mixed-type lateral load resisting system (frames, walls, coupled wall bents) and representative heightwise variations of accidental eccentricities.

• Korean Journal of Construction Engineering and Management
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• v.11 no.6
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• pp.54-64
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• 2010

A firm decides to go to the project based on its investment analysis. However, the cash flows generated from the real project can not be always coincident with what expected as it follows uncertain behavior and the asymmetric payoff caused by the managerial flexibilities involved in the real asset affects the project value. Amongst various managerial flexibilities entailed in most of the real assets, although investment delay has been known to enhance the project value thanks to its ability to provide new market information to management, the related research to select the time to invest have been just few. Therefore, this research aims to show the theoretical framework to decide when to invest reflecting the behaviors of increasing project value and loss recovery cost due to investment delay with option pricing, related financial economic, and variational theories.

• Management & Information Systems Review
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• v.35 no.2
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• pp.45-66
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• 2016

Firms can make scale of economy and scope of economy by internalizing and using new advanced technology and knowledge from technology cooperation network, decrease risk and cost with partner firm of technology cooperation network, and increase market advantage of product & strengthen firms' position in the market. Due to the advantages of technology cooperation network, the related studies have focused on the positive effect of technology cooperation network. However, the related studies investigating the relationship between technology cooperation network and firm performance have only examined the role of technology cooperation network. Safeguarding mechanism, relationship learning, and relationship performance are categorized into the process of technology cooperation network, and this categorization is applied as resources, capability, and performance by resource based view. The empirical results are reported as belows. First, relationship specific investment and relationship capital positively affect on relationship learning as capability. Second, information sharing, common information understanding, and relationship specific memory development positively affect on long-term orientation, but information sharing has no impact on efficiency and effectiveness. Third, relationship specific investment positively affects on relationship capital and efficiency and effectiveness have positive effects on long-term orientation. Applying technology cooperation network in asymmetric technology dependency with resource based theory, this study suggested the importance of both safeguarding and relationship learning by investigating the relationship among safeguarding, relationship learning, and relationship performance. And it is worthy that this study investigated how firms' behavior change affects relationship performance in the relationship of technology cooperation partner.