• Title/Summary/Keyword: Compensation

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Control-Ownership Disparity and Executive Compensation (지배주주의 소유지배괴리도가 경영자 보상에 미치는 영향)

  • Cho, Young-Gon
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.11
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    • pp.5434-5441
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    • 2013
  • Using longitudinal data of 575 sample from 122 firms in large business conglomerates from 2001 to 2008, this study examines the impact of controlling shareholders' control-ownership disparity on executive compensation. The empirical study finds that controlling shareholders' control-ownership disparity is negatively related to the level of executive compensation and moderate negatively the relation between firm performance and executive compensation. This finding suggests that controlling shareholders' control rights in excess of ownership rights lead to decreased executive compensation in order to relieve the concerns of stakeholder about the potential agency costs of controlling shareholder, and have, on the other hand, entrenchment effects on the decision of executive compensation by decreasing its sensitivity on firm performance.

Top-executives Compensation: The Role of Corporate Ownership Structure in Japan

  • Mazumder, Mohammed Mehadi Masud
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.3
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    • pp.35-43
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    • 2017
  • This paper explores the impact of corporate control, measured by ownership structure, on top-executives' compensation in Japan. According to agency theory, the pay-performance link is expected to be affected by the firm's ownership structure. Using a sample of 4,411 firm-year observations (401 firms for the 11-years period from 2001 to 2011) for Japanese non-financial firms publicly traded on the first section and second section of the Tokyo Stock Exchange (TSE), this study demonstrates that institutional ownership (both financial and corporate) is negatively related to the level of executives' compensation. Such finding is in line with efficient monitoring hypothesis which claims that the presence of institutional shareholders provides direct monitoring over managers, limits managerial self-dealing and curves the increase in top-executives pay. On the other hand, the results also show that managerial ownership is positively related to their compensation which supports managerial power theory hypothesis, i.e. management-controlled firms are more likely to extract more compensation from the business than other firms. Overall, this study confirms that corporate control has significant impact on cash compensation paid to Japanese top-executives after controlling the conventional pay-performance relationship.

Prevalence of and Risk factors for Latent Tuberculosis Infection among Employees at a Workers' Compensation Hospital (산재요양기관 종사자에서 잠복결핵감염 유병율 및 위험요인)

  • Hwang, Joohwan;Jeong, JiYoung;Choi, Byung-soon
    • Journal of Korean Society of Occupational and Environmental Hygiene
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    • v.27 no.3
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    • pp.238-244
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    • 2017
  • Objectives: The major objective of this study was to investigate the prevalence of and risk factors for latent tuberculosis infection (LTBI) among employees at a workers' compensation hospital. Methods: Among the 394 employees at Incheon Hospital, 362 were enrolled in the study. An interferon-gamma release assay(IGRA) for diagnosis of LTBI was performed using QuantiFERON$^{(R)}$ TB Gold In-Tube(QFT-IT). Risk factors for LTBI were analyzed using logistic regression analysis. Results: The overall prevalence of LTBI was 32.0%(116/362). The non-medical departments have a significantly high prevalence compared to medical departments(39.7% vs 23.2%). In multivariate logistic regression analysis, experience working in the pneumoconiosis hospital(OR, 3.6; 95% CI, 1.3-10.3) was associated with development of LTBI. Conclusions: Korean guidelines for the management of tuberculosis recommend annual regular health examinations for TB and LTBI for health care workers(HCWs). Considering the high prevalence of and risk factors for LTBI among non-HCWs, it suggests a need for annual regular health examinations for TB and LTBI for all employees at workers' compensation hospitals, including pneumoconiosis hospitals.

Compensation in LPLEC GaAs Single Crystals (LPLEC법으로 성장시킨 GaAs 단결정의 Compensation)

  • Ko, Kyung Hyun
    • Analytical Science and Technology
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    • v.5 no.2
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    • pp.213-216
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    • 1992
  • Semiinsulating GaAs crystals employing LPLEC technique should be grown from the Ga-rich melt due to a very low incorporation of unintentional impurities such as carbon (<$10^{15}cm^{-3}$). High resisitivity of this material can be derived from the balanced compensation among not only EL2 deep donors and carbon acceptors but also H1 double charge native acceptors(Ev + 77meV, Ev + 200 meV) and H2 native acceptors(Ev + 68 meV). Considering of the complicated compensation mechanism using statistical calculation of the electron occupancy of each level, SI GaAs crystal with low impurity contents(<$10^{15}cm^{-3}$) can be successfully obtained by maintaining the melt composition around 0.45 As mole fraction.

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Workers' Compensation Insurance and Occupational Injuries

  • Shin, Il-Soon;Oh, Jun-Byoung;Yi, Kwan-Hyung
    • Safety and Health at Work
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    • v.2 no.2
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    • pp.148-157
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    • 2011
  • Objectives: Although compensation for occupational injuries and diseases is guaranteed in almost all nations, countries vary greatly with respect to how they organize workers' compensation systems. In this paper, we focus on three aspects of workers' compensation insurance in Organization for Economic Cooperation and Development (OECD) countries - types of systems, employers' funding mechanisms, and coverage for injured workers - and their impacts on the actual frequencies of occupational injuries and diseases. Methods: We estimated a panel data fixed effect model with cross-country OECD and International Labor Organization data. We controlled for country fixed effects, relevant aggregate variables, and dummy variables representing the occupational accidents data source. Results: First, the use of a private insurance system is found to lower the occupational accidents. Second, the use of risk-based pricing for the payment of employer raises the occupational injuries and diseases. Finally, the wider the coverage of injured workers is, the less frequent the workplace accidents are. Conclusion: Private insurance system, fixed flat rate employers' funding mechanism, and higher coverage of compensation scheme are significantly and positively correlated with lower level of occupational accidents compared with the public insurance system, risk-based funding system, and lower coverage of compensation scheme.

Development of an Automatic Tool Compensation System in NC Lathe Machine (NC 선반가공에서 자동공구보정시스템의 개발)

  • Ju, Sang-Yoon;Kang, Byeung-Phil
    • Journal of the Korean Society for Precision Engineering
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    • v.16 no.11
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    • pp.47-54
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    • 1999
  • Tool wear is one of major causes occurring defectives in NC machining. In this paper we developed an automatic tool compensation system for the NC lathe machining. The system compensates machining error without any help of operators whenever the specification of a part is out of a tolerance. The configuration of the automatic compensation system consists of a NC lathe, an autoloader, a sensor, and a PLC. The system is operated as follows. A workpiece loaded by the autoloader is machining on the NC lathe. Once the workpiece is machined to be turned to a part, it is moved onto the sensor to be measured. If the sensor detects a part out of tolerance, a tool compensation is made in the NC controller. The system gives a help in increasing the productivity by reducing occurrence of defective parts as well as by eliminating time for the tool compensation. Besides the productivity increase, the system calculates cumulative usage time of the tool and notices the tool replace time to a worker by an alarm signal. A case is introduced to show that the system can be applied effectively in a shop.

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Research on Protection Method for Ground Electrode of DC Systems from Corrosion (직류 접지극의 전식보호 방법 연구)

  • Jeong, Woo-Yong;Kim, Hyosung
    • The Transactions of the Korean Institute of Power Electronics
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    • v.26 no.2
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    • pp.90-95
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    • 2021
  • In contrast to AC grounding systems, the ground electrode in DC systems continuously maintains positive or negative polarity. Ground electrodes with (+) polarity proceeds by oxidation reaction. Thus, the DC current should flow opposite to the polarity of the leakage current flowing through the (+) ground electrode by using a compensation electrode, and the current flowing through the (+) ground electrode can be 0A. However, according to protecting the (+) ground electrode, the compensation electrode corrodes and gets damaged. Thus, the (+) ground electrode must be protected from corrosion, and the service life of the compensation electrode must be extended. As an alternative, the average value of the current flowing through the compensation electrode should be equal with the value of the leakage current flowing through the (+) ground electrode by using the square waveform. Throughout the experiment, the degree of corrosion on the compensation electrode is analyzed by the frequency of the compensation electrode for a certain time. In the experiment, the frequencies of the square waveform are considered for 0.1, 1, 10, 20, 50, 100 Hz, and 1 kHz. Through experiments and analysis, the optimal frequency for reducing the electrolytic damage of the (+) electrode and compensation electrode in an LVDC grounding environment is determined.

Proposal for a Wavelength-Independent Optical Sensor Based on an Asymmetric Mach-Zehnder Interferometer

  • Luo, Yanxia;Yin, Rui;Ji, Wei;Huang, Qingjie;Gong, Zisu;Li, Jingyao
    • Current Optics and Photonics
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    • v.4 no.6
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    • pp.558-565
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    • 2020
  • A wavelength-independent optical sensor based on an asymmetric Mach-Zehnder interferometer (AMZI) is proposed. The optical sensor based on an AMZI is very sensitive to wavelength, and wavelength drift will lead to measurement error. The optical sensor is compensated to reduce its dependence on wavelength. The insensitivity of the optical sensor to wavelength mainly depends on the compensation structure, which is composed of an AMZI cascaded with another AMZI and can compensate the wavelength drift. The influence of wavelength drift on the optical sensor can be counteracted by carefully designing the size parameters of the compensation structure. When the wavelength changes from 1549.9 nm to 1550.1 nm, the error after compensation can be lower than 0.066%. Furthermore, the effect of fabrication tolerance on compensation results is analyzed. The proposed compensation method can also be used to compensate the drift of other parameters such as temperature, and can be applied to the compensation of other interference-based optical devices.

Development of a Work-Related Injury and Illness Monitoring Geographic Information System using Workers' Compensation Insurance Big Data (산재보험 빅데이터를 활용한 산재 모니터링 지리정보시스템 개발)

  • Yoo, Dong Hee;Chung, Suk Hoon;Lee, Jeong Hwa;Choi, Keun Ho
    • The Journal of Information Systems
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    • v.31 no.2
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    • pp.217-238
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    • 2022
  • Purpose This study aims to develop a work-related injury and illness monitoring geographic information system that analyzes and visualizes the types of work-related injury and illness based on workers' compensation insurance big data. Design/methodology/approach Using the developed system, we explained the process of monitoring the areas of the applied workplace, medical care application, index, and medical care institution. We also showed examples of analyzing the index and medical care institution area. By applying the system, we can intuitively recognize the current status of workers' compensation insurance and confirm the basic information necessary for managing the current status of workers' compensation insurance. Findings We generated more helpful information by combining workers' compensation insurance data and designated medical care institution data. We were able to apply the severity score and the vulnerability index of work-related injury and illness to the system as a demonstration. To efficiently manage workers' compensation insurance, it was necessary to integrate workers' compensation insurance and designated medical care institution data, as well as the data from various sources.

A novel grey TMD control for structures subjected to earthquakes

  • Z.Y., Chen;Ruei-Yuan, Wang;Yahui, Meng;Timothy, Chen
    • Earthquakes and Structures
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    • v.24 no.1
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    • pp.1-9
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    • 2023
  • A model for calculating structure interacted mechanics is proposed. A structural interaction model and controller design based on tuned mass damping (TMD) was developed to control the induced vibration. A key point is to introduce a new analytical model to evaluate the properties of the TMD that recognizes the motion-dependent nonlinear response observed in the simulations. Aiming at the problem of increased current harmonics and low efficiency of permanent magnet synchronous motors for electric vehicles due to dead time effect, a dead time compensation method based on neural network filter and current polarity detection is proposed. Firstly, the DC components and the higher harmonic components of the motor currents are obtained by virtue of what the neural network filters and the extracted harmonic currents are adjusted to the required compensation voltages by virtue of what the neural network filters. Then, the extracted DC components are used for current polarity dead time compensation control to avert the false compensation when currents approach zero. The neural network filter method extracts the required compensation voltages from the speed component and the current polarity detection compensation method obtains the required compensation voltages by discriminating the current polarity. The combination of the two methods can more precisely compensate the dead time effect of the control system to improve the control performance. Furthermore, based on the relaxed method, the intelligent approach of stability criterion can be regulated appropriately and the artificial TMD was found to be effective in reducing cross-wind vibrations.