• Journal of Mechanical Science and Technology
• /
• v.18 no.11
• /
• pp.2009-2020
• /
• 2004

A parametric study of the factors controlling static and dynamic denting, as well as local stiffness, has been made on simplified panels of different sizes, curvatures, thicknesses and strengths. Analyses have been performed using the finite element method to predict dent resistance and panel stiffness. A parametric approach is used with finite element models of simplified panels. Two sizes of panels with square plan dimensions and a wide range of curvatures are analysed for several combinations of material thickness and strength, all representative of auto-motive closure panels. Analysis was performed using the implicit finite element code, LS-NIKE, and the explicit dynamic code, LS-DYNA for the static and dynamic cases, respectively. Panel dent resistance and stiffness behaviour are shown to be complex phenomena and strongly interrelated. Factors favouring improved dent resistance include increased yield strength and panel thickness. Panel stiffness also increases with thickness and with higher curvatures but decreases with size and very low curvatures. Conditions for best dynamic and static dent performance are shown to be inherently in conflict ; that is, panels with low stiffness tend to perform well under impact loading but demonstrate inferior static dent performance. Stiffer panels are prone to larger dynamic dents due to higher contact forces but exhibit good static performance through increased resistance to oil canning.

• The Journal of Industrial Distribution & Business
• /
• v.8 no.1
• /
• pp.5-13
• /
• 2017

Purpose - In this article, a dynamic model like a VAR is an appropriate choice for estimating the possible interrelationship between ownership structure and firm performance as a dynamic process. Research design, data, and methodology - Data of this work are collected from Chinese stock exchange including 350 Chinese-listed firms during the period of 1999-2012. We hypothesize that this interrelationship dynamically exists between ownership structure and firm performance. To examine the correlation, a panel Vector Auto-regression (PVAR) approach generated by GMM method is utilized to test the possible dynamic relation embedded in corporate governance. Another two dynamic analysis solutions such as orthogonalized impulse-response function and variance decomposition are also used simultaneously. Results - Findings of this study indicate the evidence that dynamically endogenous relationship exists between ownership structure and firm performance. Further, there is a dynamical correlation between investment and performance. Impulse response and variance decomposition illustrate that impact of a shock to variables themselves is the main source for their variability. Conclusions - The conclusion in this study is that there is a bidirectional and inter-temporal effect between proportion of ownership and corporate performance for a long run in accordance with impulse response function. Overall, our results suggest that corporate governance in China is more market oriented.

• Asia-Pacific Journal of Business
• /
• v.15 no.3
• /
• pp.417-430
• /
• 2024

Purpose - This paper investigates the asymmetric capital structure adjustment toward target leverage. Our study consistently estimates heterogeneous speeds of adjustment in different regimes reflecting heterogeneity in firm characteristics. Design/methodology/approach - We collect balanced panel data on Korean listed firms over the period 2005 - 2023. In order to capture non-linearities in the speed of capital structure adjustments, this paper employs the dynamic panel threshold model that allows endogeneity in regressors and threshold variables. Findings - Using firm characteristics as proxies for adjustment costs of deviation from and adjustment to target leverage, we find asymmetric effects on the speed of capital structure adjustments. Firms of large size, with high profitability, with large cash flow and with large investment adjust capital structure faster than those with the opposite characteristics. On the other hand, firms with high growth opportunities and with high risk move slowly toward the target leverage. Research implications or Originality - This paper provides new evidence of cross-sectional asymmetries in capital structure adjustments, which calls for cautions in sample-splitting in an arbitrary manner.

• Proceedings of the Computational Structural Engineering Institute Conference
• /
• 2003.10a
• /
• pp.591-598
• /
• 2003

The purpose of this study is to investigate the seismic behavior of reinforced concrete Containment Panel subjected to earthquake motions. A computer program, named RCAHEST(Reinforced Concrete Analysis in Higher Evaluation System Technology), was used for the analysis of reinforced concrete structures. A 4-node flat shell element with drilling rotational stiffness is used for spatial discretization. The layered approach is used to discretize behavior of concrete and reinforcement through the thickness. Material nonlinearity is taken into account by comprising tensile, compressive and shear models of cracked concrete and a model of reinforcing steel. The smeared crack approach is incorporated. Solution of the equations of motion is obtained by numerical integration using Hither-Hughes-Taylor(HHT) algorithm. The proposed numerical method for the seismic analysis of reinforced concrete Containment panel is verified by comparison of analysis results with reliable experimental results.

• Journal of Distribution Science
• /
• v.22 no.6
• /
• pp.1-10
• /
• 2024

Purpose: This study's objective is to examine the impact of firm-specific and macroeconomic factors on the business performance of non-cyclical and cyclical sectors in Indonesian listed firms. The evaluation of business performance holds paramount importance for the achievement and long-term viability of a company. Research Design Data and Methodology: The data for 61 non-cyclicals sector companies and 57 cyclicals sector companies was gathered over a 4-year period from 2018-2021. The model integrates firm size, leverage, and sales growth as firm-specific factors, with real GDP growth and inflation rate as macroeconomic variables. ROA and ROE are indicators of a firm's business performance. The regression models are estimated using the distribution of a dynamic approach with Arellano-Bond Panel Generalized Method of Moments (GMM) estimation. Results: The results of the pooled sample indicate that the historical ROA and ROE have a positive relationship with the business performance of all sectors, including both non-cyclical and cyclical industries. The ROE of non-cyclical enterprises is primarily influenced by firm-specific characteristics and macroeconomic influences. Conclusion: To ensure the successful implementation of the distribution of a dynamic approach towards enhancing corporate business performance, organizations need to take into account a combination of firm-specific factors and macroeconomic factors.

• Asia-Pacific Journal of Business
• /
• v.13 no.1
• /
• pp.277-288
• /
• 2022

Purpose - This study analyzed the determinants of local unemployment rate in Korea using panel data from 16 metropolitan cities and provinces from 2000 to 2018. Design/methodology/approach - We use a dynamic spatial panel model that considers characteristics of the regional unemployment rate such as the common factors effect, spatial dependence, and serial correlations. Findings - The local unemployment rate is affected by the past and present values of the national unemployment rate. And it is significantly affected by the past local unemployment rate and the past neighboring unemployment rate because spatial dependence and serial correlations are clearly present. In addition, when the industrial structure diversity and labor productivity were high, the regional unemployment rate decreased, and when the education level was high, the regional unemployment rate increased. Research implications or Originality - In order to reduce regional unemployment rate, it is necessary to plan and establish regional customized industrial structure policies under the stance of diversification rather than specializing the regional industrial structure and accompany improvement of the quality of education with the number of years of education. In addition, the redistribution of labor from low labor productivity sectors to high labor productivity sectors through technology development will help to reduce the local unemployment rate.

• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.12
• /
• pp.593-604
• /
• 2020

This study analyzes human development convergence and the impact of funds transfer to the regions using σ and β-convergence analysis method. Observations were made in all Indonesia's provinces in the period 2010-2019. The coefficient of variation calculation shows a dispersion in the inequality of human development, which means that convergence occurred. This is also documented by the clustering analysis results developed in the study. The results are in line with the hypothesis of neoclassical theory, which shows the tendency for provinces with lower human development levels to grow relatively faster. The dynamic panel data approach with the GMM model shows that a model built with explanatory variables for transfer of funds to regions may lead to the process of convergence of human development - 2.21% per year or 31 years to cover the half-life of convergence. This is a consequence of the Special Allocation Fund and the Village Fund, which positively impact the convergence process, and the General Allocation Fund and the Revenue Sharing Fund with negative signs slowing the convergence process. This evidence opens opportunities to review the justification of the weighting component in determining the amount of funds transferred to the region to accelerate the convergence process of human development.

• Journal of the Korean Society for Precision Engineering
• /
• v.17 no.12
• /
• pp.76-81
• /
• 2000

Analysis on failure of the panel glass under mechanical shock is the main topic of this study. Since the glass for the LCD panel is thin, it needs to be designed to have enough toughness against mechanical shock. In this paper, a process of estimating fracture of the panel glass is proposed to guarantee reliability of the product. The fracture toughness of the panel glass is used as a criterion of the fracture based on an experimental approach. The stress intensity factor was calculated considering a model with the largest initial crack size on a cut surface and with the boundary force obtained from a dynamic finite element analysis. Critical surface roughness on the cut surface of a typical glass panel, to prevent fracture in case of bending mode, is obtained.

• Survey Research
• /
• v.12 no.2
• /
• pp.89-112
• /
• 2011

This study shows the results of constructing panel data using Farm Household survey and presents some examples of empirical application. This study shows that ex post constructed panel data using repeated cross-sectional survey can be used in various dynamic analyses. This paper also shows that the well known difficult problem of longitudinal weights can be easily solved by using the existing cross-sectional weights in original cross-section data. Based on these results, we propose that the National Statistical Office not only try to construct panel data, but also construct panel data by using existing repeated cross-section data. The benefits of this approach seems to be very big in establishment survey.

• Journal of the Korean Society for Precision Engineering
• /
• v.18 no.2
• /
• pp.140-145
• /
• 2001

The tape carrier package(TCD) is one of the most important components in a liquid crystal display(LCD) module. It has a role to transmit electrical signals from a printed circular board(PCB) to a display panel. If TCP is damaged under mechanical shock, the signals can not be transmitted to the panel and as a result, some dead lines are generated on the panel. This kind of phenomenon is commonly called as 'line defects'. In this paper, new structural design concepts of TCP are proposed to guarantee its reliability by using Taguchi's approach and dynamic FE-analysis. The line defects problem of TCP module is solved by replacing the original TCP with the newly designed one.