• The Journal of Asian Finance, Economics and Business
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• v.8 no.8
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• pp.297-309
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• 2021

In this study, to capture the skewness and kurtosis detected in both conditional and unconditional return distributions of the stock markets of Kazakhstan and Russia, two versions of normal mixture GARCH models are employed. The data set consists of daily observations of the Kazakhstan and Russia stock prices, and world crude oil price, covering the period from 1 June 2006 through 1 March 2021. From the empirical results, incorporating the long memory effect on the returns not only provides better descriptions of dynamic behaviors of the stock market prices but also plays a significant role in improving a better understanding of the return dynamics. In addition, normal mixture models for time-varying volatility provide a better fit to the conditional densities than the usual GARCH specifications and has an important advantage that the conditional higher moments are time-varying. This implies that the volatility skews implied by normal mixture models are more likely to exhibit the features of risk and the direction of the information flow is regime-dependent. The findings of this study contain useful information for diverse purposes of cross-border stock market players such as asset allocation, portfolio management, risk management, and market regulations.

• Advances in nano research
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• v.10 no.3
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• pp.281-293
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• 2021

This paper presents a new nonlocal Hyperbolic Shear Deformation Beam Theory (HSDBT) for the free vibration of porous Functionally Graded (FG) nanobeams. A new displacement field containing integrals is proposed which involves only three variables. The present model incorporates the length scale parameter (nonlocal parameter) which can capture the small scale effect and its account for shear deformation by a hyperbolic variation of all displacements through the thickness without using the shear correction factor. It has been observed that during the manufacture of Functionally Graded Materials (FGMs), micro-voids and porosities can occur inside the material. Thus, in this work, the investigation of the free vibration analysis of FG beams taking into account the influence of these imperfections is established. Four different porosity types are considered for FG nanobeam. Material characteristics of the FG beam are supposed to vary continuously within thickness direction according to a power-law scheme which is modified to approximate material characteristics for considering the influence of porosities. Based on the nonlocal differential constitutive relations of Eringen, the equations of motion of the nanobeam are derived using Hamilton's principle. The effects of nonlocal parameter, aspect ratio, and the porosity types on the dynamic responses of the nanobeam are discussed.

• Ocean Systems Engineering
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• v.10 no.4
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• pp.359-371
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• 2020

The performance of a multi-level overtopping wave energy converter (OWEC) has been numerically and experimentally investigated in a two-dimensional wave tank in order to study the effects of opening width of additional reservoirs. The device is a fixed OWEC consisting of an inclined ramp together with several reservoirs at different levels. A particle-based numerical simulation utilizing the Lattice Boltzmann Method (LBM) is used to simulate the flow behavior around the OWEC. Additionally, an experimental model is also built and tested in a small wave flume in order to validate the numerical results. A comparison in energy captured performance between single-level and multi-level devices has been proposed using the hydraulic efficiency. The enhancement of power capture performance is accomplished by increasing an overtopping flow rate captured by the extra reservoirs. However, a noticeably large opening of the extra reservoirs can result in a reduction in the power efficiency. The overtopping flow behavior into the reservoirs is also presented and discussed. Moreover, the results of hydrodynamic performance are compared with a similar study, of which a similar tendency is achieved. Nevertheless, the LBM simulations consume less computational time in both pre-processing and calculating phases.

• Advances in nano research
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• v.10 no.3
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• pp.235-251
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• 2021

In the current study, the free vibrational behavior of a Porous Micro (PM) beam which is integrated with Functionally Graded Piezoelectric (FGP) layers with initial curvature is considered based on the two trigonometric shear deformation theories namely SSDBT and Tan-SDBT. The structure's mechanical properties are varied through its thicknesses following the given functions. The curved microbeam is exposed to electro-mechanical preload and also is rested on a Pasternak type of elastic foundation. Hamilton's principle is used to extract the motion equations and the MCST is used to capture the size effect. Navier's solution method is selected as an analytical method to solve the motion equations for a simply supported ends case and by validating the results for a simpler state with previously published works, effects of different important parameters on the behavior of the structure are considered. It is found that although increasing the porosity reduces the natural frequency, but enhancing the volume fraction of CNTs increasing it. Also, by increasing the central angle of the curved beam the vibrations of the structure increases. Designing and manufacturing more efficient smart structures such as sensors and actuators are of the aims of this study.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.6
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• pp.127-137
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• 2022

This paper aims to investigate the impact of corporate governance on the quality of integrated reporting. Corporate governance includes internal (board size, board independence, and board diversity) and external (audit quality and enforcement) governance factors. This paper develops an index to capture the quality of integrated reporting by employing the completeness of information required by the International Integrated Reporting Council (IIRC). For an international sample, the paper manually collects 160 integrated reports along with internal and external governance factors and employs multivariate analyses to examine the association between these governance factors and the quality of integrated reporting. The empirical results suggest that firms with a larger board of directors, a larger proportion of female members on board, and located in countries with enforcement for integrated reporting requirements have a higher quality of integrated reporting. Our conclusions still hold after accounting for several conditions, including the industry-fixed and year-fixed effects. Together, these results suggest that both internal and external governance factors are important determinants for the quality of integrating reporting. These results have several theoretical and practical implications as they fulfill the absence of relevant studies on addressing the impact of internal and external corporate governance factors on the quality of integrated reporting.

• Genomics & Informatics
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• v.20 no.3
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• pp.34.1-34.11
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• 2022

Multilevel analysis is an appropriate and powerful tool for analyzing hierarchical structure data widely applied from public health to genomic data. In practice, however, we may lose the information on multiple nesting levels in the multilevel analysis since data may fail to capture all levels of hierarchy, or the top or intermediate levels of hierarchy are ignored in the analysis. In this study, we consider a multilevel linear mixed effect model (LMM) with single imputation that can involve all data hierarchy levels in the presence of missing top or intermediate-level clusters. We evaluate and compare the performance of a multilevel LMM with single imputation with other models ignoring the data hierarchy or missing intermediate-level clusters. To this end, we applied a multilevel LMM with single imputation and other models to hierarchically structured cohort data with some intermediate levels missing and to simulated data with various cluster sizes and missing rates of intermediate-level clusters. A thorough simulation study demonstrated that an LMM with single imputation estimates fixed coefficients and variance components of a multilevel model more accurately than other models ignoring data hierarchy or missing clusters in terms of mean squared error and coverage probability. In particular, when models ignoring data hierarchy or missing clusters were applied, the variance components of random effects were overestimated. We observed similar results from the analysis of hierarchically structured cohort data.

• Safety and Health at Work
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• v.13 no.3
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• pp.315-325
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• 2022

Background: Firefighters are required to carry self-contained breathing apparatus (SCBA), which increases the risk of musculoskeletal disorders. This study assessed the newly recruited firefighters' internal forces and potential musculoskeletal disorders when carrying SCBA. The effects of SCBA strap lengths were also evaluated. Methods: Kinematic parameters of twelve male subjects running in a control condition with no SCBA equipped and three varying-strapped SCBAs were measured using 3D inertial motion capture. Subsequently, motion data and predicted ground reaction force were inputted for subject-specific musculoskeletal modeling to estimate joint and muscle forces. Results: The knee was exposed to the highest internal force when carrying SCBA, followed by the rectus femoris and hip, while the shoulder had the lowest force compared to the no-SCBA condition. Our model also revealed that adjusting SCBA straps length was an efficient strategy to influence the force that occurred at the lumbar spine, hip, and knee regions. Grey relation analysis indicated that the deviation of the center of mass, step length, and knee flexion-extension angle could be used as the predictor of musculoskeletal disorders. Conclusion: The finding suggested that the training of the newly recruits focuses on the coordinated movement of muscle and joints in the lower limb. The strap lengths around 98-105 cm were also recommended. The findings are expected to provide injury interventions to enhance the occupational health and safety of the newly recruited firefighters.

• Journal of Korea Trade
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• v.25 no.4
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• pp.88-107
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• 2021

Purpose - Using a model that highlights Ricardian comparative advantage and Cournot competition, I derive theoretical predictions on how bilateral measures of trade intensity, specialization, and intra-industry are interrelated, and how Ricardian productivity differences affect these measures. We test the predictions using trade and production data, and confirm them. Design/methodology - A simple two-country general equilibrium model is constructed to derive theory-based bilateral indexes. We then test the relationships among them using panel data for 35 countries and 14 industries between 1996 and 2008. Findings - Bilateral trade intensity is increasing in specialization, as in the classical trade theory, and in intra-industry trade, as in the new trade theory. However, productivity differences positively affect specialization, and negatively affect intra-industry trade. These effects cancel each other; thus productivity differences have little impact on trade intensity. Originality/value - This paper provides a comprehensive conceptual framework for understanding the relationship among trade intensity, specialization, intra-industry trade, and productivity differences. We derive theory-consistent measures of specialization, intra-industry trade, and productivity differences. Moreover, we reevaluate the empirical relevance of these variables for the study of gravity equations. This paper is also an effort to capture oligopolistic competition in a general equilibrium framework, interests in which recently resurged.

• Nuclear Engineering and Technology
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• v.52 no.12
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• pp.2852-2859
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• 2020

This paper deals with the simulation-based design optimization and experimental validation of the characteristics of an in-core silver Self-Powered Neutron Detector (SPND). Optimized dimensions of the SPND are determined by combining Monte Carlo simulations and analytical methods. As a first step, the Monte Carlo transport code MCNPX is used to follow the trajectory and fate of the neutrons emitted from an external source. This simulation is able to seamlessly integrate various phenomena, including neutron slowing-down and shielding effects. Then, the expected number of beta particles and their energy spectrum following a neutron capture reaction in the silver emitter are fetched from the TENDEL database using the JANIS software interface and integrated with the data from the first step to yield the origin and spectrum of the source electrons. Eventually, the MCNPX transport code is used for the Monte Carlo calculation of the ballistic current of beta particles in the various regions of the SPND. Then, the output current and the maximum insulator thickness to avoid breakdown are determined. The optimum design of the SPND is then manufactured and experimental tests are conducted. The calculated design parameters of this detector have been found in good agreement with the obtained experimental results.

• Korean Journal of Applied Biomechanics
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• v.32 no.4
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• pp.147-152
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• 2022

Objective: The purpose of this study was to analyze the effects of club head and golf ball kinematics and body alignment according to the swing plane during golf driver swing. Method: Sixteen college golfers participated in this study. Kinematic data of the club head and golf ball were collected using golf swing analysis system (Trackman Ver. 3e). The body alignment variables were collected using 8 motion capture system. An Independent samples t-test was used for comparison between the Out-to-In group and In-to-Out group, and the statistical significance level was set at .05. Results: For the club head related variables, club path and club face angle showed higher values in Out-to-In swing plane than In-to-Out swing plane. For the kinematic variables of the golf ball, the total distance showed a higher value in the In-to-Out swing plane than that of the Out-to-In swing plane. For the body alignment, the In-to-Out swing plane showed higher values than the Out-to-In swing plane for the pelvis rotation angle and trunk rotation angle. Conclusion: This study suggest that it would be more effective to use the In-to-Out swing plane for increasing the total distance during the golf driver swing.