• 산경연구논집
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• 제10권12호
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• pp.35-42
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• 2019

Purpose : This study examines The impact of human resource investment in internal control on stock price crash risk. Effective internal control ensures that information provided is complete and accurate, financial statements are reliable. By overseeing management, internal control systems can reduce agency costs between management and outside parties. In Korea, firms have to disclose information about internal control systems. The working experience of human resources in internal control systems is also provided for interested parties. If a firm hires more experienced internal control personnel, it can better facilitate the disclosure of information. Prior studies reported that information asymmetry between managers and investors increases future stock price crash risk. Therefore, the longer working experience internal control personnel have, the lower probability stock crashes have. Research design, data and methodology : This study analyzed the association between the working experience of internal control personnel and crash risk using regression analysis on KOSPI listed companies for fiscal years 2016 through 2017. The sample consists of 1,034 firm-years of non-financial firms whose fiscal year end on December 31. Career spanning data of internal control personnel was collected from internal control reports. The professionalism(IC_EXP) was measured as the logarithm of the average working experience of internal control personnel in months. Negative conditional skewness(NSKEW) and down-to-up volatility (DUVOL) are used to measure firm-specific crash risk. Both measures are based on firm-specific weekly returns derived from the expanded market model. Results : We find that work experience in internal control environment is negatively related to stock price crashes. Specifically, skewness(NSKEW) and volatility (DUVOL) are reduced when firms have longer tenure of human resources in internal control division. The results imply that firms with experienced internal control personnel are less likely to experience stock price crashes. Conclusions : Stock price crashes occur when investors realize that stock prices have been inflated due to information asymmetry. There is a learning effect when internal control processes are done repetitively. Thus, firms with more experienced internal control personnel could manage their internal control more effectively. The results of this study suggest that firms could decrease information asymmetry by investing in human resources for their internal control system.

• Steel and Composite Structures
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• 제28권2호
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• pp.179-194
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• 2018

Reliable and accurate method of computationally aided design processes of advanced thin walled structures in automotive industries are much essential for the efficient usage of smart materials, that possess higher energy absorption in dynamic compression loading. In this paper, most versatile components i.e., thin walled crash tubes with different geometrical profiles are introduced in view of mitigating the impact of varying cross section in crash behavior and energy absorption characteristics. Apart from the geometrical parameters such as length, diameter and thickness, the non-dimensionalized parameters of average forces which control the plastic bending moment for varying thickness has explored in view of quantifying its impact on the crashworthiness of the structure. The explicit finite element code ABAQUS is utilized to conduct the numerical studies to examine the effect of parametric modifications in crash behavior and energy absorption. Also the simulation results are experimentally validated. It is evident that the circular cross-sectional tubes are preferable as high collision impact shock absorbers due to their ability in withstanding axial and oblique impact loads effectively. Furthermore, the specific energy absorption (SEA), crash force efficiency (CFE), plastic bending moment, peak force responses and its impact for optimally tailoring a design to cater the crashworthiness requirements are investigated. The primary outcome of the study is to provide sufficient information on circular tubes for the use of energy absorbers where impact oblique loading is expected.

• 한국산업융합학회 논문집
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• 제25권3호
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• pp.407-415
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• 2022

In this study, a square rounding sidewalk block frame was developed considering the simplicity of construction and the superiority of aesthetics. In addition, it is possible to prevent damage, deformation, and settlement of adjacent sidewalk blocks due to plastic deformation during car impact load of installed bollad. A non-linear structural analysis was performed through finite element analysis to examine the performance of a car crash to which this was applied. Structural safety was confirmed through car crash simulation according to the direction of impact, and it is estimated that the function can be restored by replacing some parts in case of damage due to impact.

• 대한교통학회지
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• 제32권4호
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• pp.369-379
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• 2014

전통적인 사고예측모형은 통계적 회귀분석에 주로 의존하였으나, 이는 자료 분포 및 함수 형태에 대한 가정에 따른 한계를 가지고 있다. 이에 따라 일부 연구는 신경망 등의 비모수적 기법을 모형 구축에 활용하였으나, 이는 독립변수와 종속변수 간의 직접적인 관계 규명이 어렵다는 한계가 있다. 유전자 프로그래밍 기법은 모형 개발에 특별한 가정이 필요없고, 사고요인 규명이 가능하다는 장점이 있다. 따라서 본 연구에서는 고속도로의 사고예측에 유전자 프로그래밍 기법을 적용함으로써 이러한 한계를 극복하고자 하였다. 이를 위하여 경부고속도로에서 최근 3년간(2010-2012년) 구득된 자료를 활용하였으며, 보다 세밀한 사고 특성 규명을 위해 고속도로 구간을 직선 구간과 곡선 구간으로 구분하였다. 사고 발생에 중요한 영향을 미치는 변수를 선택하기 위하여 랜덤 포레스트 기법을 이용하였으며, 최종 선택된 변수들을 활용하여 사고예측을 위한 유전자 프로그래밍 모형을 구축하였다. 구축된 모형의 예측 성능을 평가하기 위해 음이항 회귀모형과 비교해본 결과, 유전자 프로그래밍 모형의 예측 성능이 더 우수한 것으로 나타났다.

• 대한기계학회:학술대회논문집
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• 대한기계학회 2007년도 춘계학술대회A
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• pp.756-761
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• 2007

This papered is concerned with the crashworthiness characteristics analysis of the non-step bus when it is crashed or roll-over analysis. Computer simulations is implemented using LS-Dyna explicit code which can effectively analysis dynamic response with the lapse of time. We construct a FEM model of the non-step bus under development according to the safety rules used in Europe for composite non-step buses. The crash energy and absorption rate are evaluated to understand crashworthiness characteristic of the composite non-step bus. Body deformation is also examined whether the survival space is secured for passengers.

• 한국전산구조공학회논문집
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• 제24권5호
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• pp.521-530
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• 2011

항공기 기체와의 체결부위가 많은 연료탱크는 체계연관성이 큰 대표적인 핵심 구성품 중의 하나로 다루어져 왔다. 회전익항공기에 광범위하게 적용되고 있는 내충격성 연료탱크는 항공기 추락 시 탑승자의 생존성 향상에 크게 기여하고 있다. 미육군에서는 항공기 추락 후 화재에 의한 인명손실을 원천적으로 방지하기 위해 군용 회전익기 역사의 초기 단계부터 연료탱크 고유의 내충격성에 관련된 군사규격을 제정하여 적용해 왔다. V-22 등의 잘 알려진 사례에 따르면 미군사규격(MIL-DTL-27422D)에서 요구하고 있는 연료탱크 충돌충격시험을 원활하게 통과하지 못하는 경우, 해당 연료탱크가 장착되는 항공기 자체의 개발일정에 심각한 지장을 초래한다. 연료탱크 충돌충격시험은 시편자체의 제작비용 및 준비기간이 상당히 소요되므로, 설계 초기단계부터 충돌충격시험에 대한 일련의 수치적 모사(numerical simulation)를 통해 실물에 의한 시행착오의 가능성을 최소화해야 한다. 본 연구에서는 충돌모사 프로그램인 Autodyn을 이용하여 연료탱크 충돌충격시험에 대한 수치적 모사를 수행하였으며, 그 결과로 구해진 등가응력 및 내부압력 평가를 통해 회전익항공기용 연료탱크의 내충격 성능을 고려한 설계방향을 제시하였다.

• 한국자동차공학회논문집
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• 제19권2호
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• pp.12-19
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• 2011

Real-world accident cases were investigated to understand injury characteristics of the elderly driver. A total 10 cases of car-to-car frontal crash accidents from passenger car including SUV claimed to domestic car insurance company were reviewed. The injury characteristics of the elderly were analyzed from personal information (gender, age), medical treatment record (medical certificate, curative days), vehicle information (model, air-bag, seatbelt) and damage information. This study showed that elderly driver has higher possibility of thorax injury than non-elderly's. Moreover, Injury type and severity were more severe than non-elderly driver at similar type accident conditions. Also, elderly driver's medical treatment period needs 3 times more than non-elderly driver's.

• 한국공작기계학회논문집
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• 제10권1호
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• pp.51-58
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• 2001

The use of tailor welded blanks (TWB) in automotive applications is increasing due to the potential of weight and cost saving. The object of this study is development of the front side member by static analysis and crash simulations. Accord-ing to the results , energy absorption and barrier force is very important parameter to control passenger safety and deforma-tion shape. A energy absorbability point of view, tailor welded blanks is most effective to absorb energy than non-twb. Non-TWB front side member and TWB applied front side member were simulated. It shows reduce stmping parts weight reduction and cost down.

• 유통과학연구
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• 제20권12호
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• pp.81-87
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• 2022

Purpose: This study aims to explore the relationship between stock liquidity and skewness risk-tail risk (stock price crash risk) in an emerging market, in which problems on liquidity are more severe than in developed markets. Research design, data, and methodology: Based on the Thai market stock exchange over the period of 2000 to 2019, our sample include 13,462 firm-period observations. We employ a panel regression models regarding to five liquidity measures. These five liquidity measures cover three dimensions of liquidity namely the volume-based, price-based, and transaction cost-based measures for the liquidity-tail risk relationship. Results: We find a positively significant relationship between stock liquidity and tail risk in all cases. The finding here shows that the higher the stock liquidity, the larger the tail risk is. Conclusion: As the prior studies show inconclusive effect of stock liquidity on stock price crash risk, we demonstrate that mixed results found in prior studies are probably driven from the type of liquidity measure. The stock liquidity-tail risk association is present in the Stock Exchange of Thailand. The results remain the same regardless of the definition of tail risk and liquidity factors. An endogeneity issue is addressed by employing the two-stage least squares regression.

• 소성∙가공
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• 제15권8호
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• pp.556-561
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• 2006

Most of auto-body members are composed of stamping parts. These parts have the non-uniform thickness and plastic work hardening distribution during the forming process. This paper is concerned with the side impact analysis of the ULSAB-AVC model according to the US-SINCAP in order to compare the crashworthiness between the model with and without considering the forming effect. The forming effect is ca]ciliated by one-step forming analysis for several members. The crashworthiness is investigated by comparing the deformed shape of the cabin room the energy absorption characteristics and the intrusion velocity of a car. The result of the crash analysis demonstrates that the crash mode, the load-carrying capacity and energy absorption can be affected by the forming effect. It is noted that the design of an autobody should be carried out considering the forming effect for accurate assessment of crashworthiness.