• The Journal of Asian Finance, Economics and Business
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• 제9권5호
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• pp.99-109
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• 2022

The main reason for the increase in cross-border mergers and acquisitions in developed and emerging countries is globalization and growing economic interdependence across countries. The state of the economy has a significant impact on whether cross-border mergers and acquisitions are encouraged or discouraged by international strategic capital market changes. This study empirically evaluates the influence of determinants of economic development on the scale effect of Cross Border M&As separately on emerging and developed nations as a research gap. We first separated the small and large scale firms based on companies' worth and used panel regression to analyze the impact of GDP, employment rate, and market capitalization on cross-border merger & acquisition deals over the period of 2008-2018. Results indicate that GDP and market capitalization have a positive effect on CBM&A, whereas employment rate has a negative effect on CBM&A deals in large-scale firms of both emerging and developed countries. This study results offer the implication for the potential investors and policymakers to strategically analyze the implementation of cross-border mergers & acquisitions.

• 무역학회지
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• 제47권5호
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• pp.147-160
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• 2022

This study aim to use the GTAP model to analyze the impact of RCEP Fermentation in the Korean manufacturing industry by quantifying the RCEP tariff commitment table. The research results show RCEP has boosted output in all sub-manufactures except wood and printed matter due to increased export volumes. Wood products, on the other hand, are more reliant on imports due to lower production due to lower domestic sales or overall exports. After RCEP came into effect, the import and export scale of Korea's manufacturing industry expanded effectively. Among them, the positive impact on the intensive low-tech manufacturing industries such as clothing and leather products, wood products and printing products, and food, beverage and tobacco products is greater than the positive impact on the technology-intensive medium and high-tech and high-tech manufacturing industries. And found that the growth rate of Korea's manufacturing trade is basically proportional to the tax reduction rate of RCEP. Finally, in order to promote the development of the manufacturing industry, some suggestions are put forward that need the government's policy support and strengthen the regional cooperation with RCEP member countries.

• 국제지역연구
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• 제21권1호
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• pp.181-200
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• 2017

본 논문에서는 2006년 초부터 2015년 말까지 우리나라의 산업별 주가지수와 주요화폐의 환율을 이용하여 환율과 환율 변동성이 주가에 미치는 영향을 분석하였다. 주가지수로는 코스피지수와 우리나라의 대표적 산업인 음식료품, 화학, 기계, 전기전자, 종이목재, 전기가스, 운수장비, 은행 주가지수가 사용되었으며 환율의 변화를 보기 위한 주요화폐로서는 미국달러, 일본 엔, 유로, 영국 파운드가 사용되었다. 환율변화에 따른 주가의 반응분석에서는 예상한 바와 같이 전자, 운수장비 산업 주가와 환율은 정(+)의 관계를 나타내었으며 음식료품, 종이목재, 전기가스, 은행 산업의 경우도 예상한 것과 같이 주가와 환율은 부(-)의 관계를 나타냈다. 수출의 비중이 많은 기계 산업은 예상과 달리 부(-)의 반응을 보이는 것으로 나타났다. 화학 산업의 경우는 예상이 어려웠는데 분석결과 주가와 환율은 부(-)의 관계를 보여 주었다. 환율변동성에 대한 주가의 반응 분석에서는 종이목재 산업의 주가가 환율변동성에 부(-)의 반응을 나타냈다. 환율변동성에 대비한 위험관리 비용을 많이 지출하는 기업들이 종이목재산업에 속해 있는 것으로 보인다. 또한 은행산업의 주가도 환율변동성에 부(-)의 반응을 보였는데 이것은 선도환 등 외환 파생상품을 발행하여 수수료 수입이 증가하게 되는 은행산업의 주가는 환율변동성에 정(+)의 반응을 할 것이라는 예상과는 정반대의 결과였다.

• International Journal of Automotive Technology
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• 제1권1호
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• pp.35-41
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• 2000

The crashworthiness of vehicles with finite element methods depends on the geometry modeling and the material properties. The vehicle body structures are generally composed of various members such as frames, stamped panels and deep-drawn parts from sheet metals. In order to ensure the impact characteristics of auto-body structures, the dynamic behavior of sheet metals must be examined to provide the appropriate constitutive relation. In this paper, high strain-rate tensile tests have been carried out with a tension type split Hopkinson bar apparatus specially designed for sheet metals. Experimental results from both static and dynamic tests with the tension split Hopkinson bar apparatus are interpolated to construct the Johnson-Cook and a modified Johnson-Cook equation as the constitutive relation, that should be applied to simulation of the dynamic behavior of auto-body structures. Simulation of auto-body structures has been carried out with an elasto-plastic finite element method with explicit time integration. The stress integration scheme with the plastic predictor-elastic corrector method is adopted in order to accurately keep track of the stress-strain relation for the rate-dependent model accurately. The crashworthiness of the structure with quasi-static constitutive relation is compared to the one with the rate-dependent constitutive model. Numerical simulation has been carried out for frontal frames and a hood of an automobile. Deformed shapes and the Impact energy absorption of the structure are investigated with the variation of the strain rate.

• Journal of Communications and Networks
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• 제18권5호
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• pp.688-698
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• 2016

In this paper, we investigate the achievable sum rate and energy efficiency of downlink massive multiple-input multiple-output antenna systems with zero-forcing precoding, by taking into account the randomness of user locations. Specifically, we propose two types of non-uniform user distributions, namely, center-intensive user distribution and edge-intensive user distribution. Based on these user distributions, we derive novel tight lower and upper bounds on the average sum rate. In addition, the impact of user distributions on the optimal number of users maximizing the sum rate is characterized. Moreover, by adopting a realistic power consumption model which accounts for the transmit power, circuit power and signal processing power, the energy efficiency of the system is studied. In particular, closed-form solutions for the key system parameters, such as the number of antennas and the optimal transmit signal-to-noise ratio maximizing the energy efficiency, are obtained. The findings of the paper suggest that user distribution has a significant impact on the system performance: for instance, the highest average sum rate is achieved with the center-intensive user distribution, while the lowest average sum rate is obtained with the edge-intensive user distribution. Also, more users can be served with the center-intensive user distribution.

• Computers and Concrete
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• 제22권3호
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• pp.291-303
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• 2018

As the concept of "sponge city" is proposed, the pervious concrete for permeable pavement has been widely used in pavement construction. This paper aims at investigating the dynamic behavior and energy evolution of pervious concrete under impact loading. The dynamic compression and split tests are performed on pervious concrete by using split Hopkinson pressure bar equipment. The failure criterion on the basis of incubation time concept is used to analyze the dynamic failure. It is demonstrated that the pervious concrete is of a strain rate sensitive material. Under high strain rate loading, the dynamic strength increases while the time to failure approximately decreases linearly as the strain rate increases. The predicted dynamic compressive and split tensile strengths based on the failure criterion are in accordance with the experimental results. The total damage energy is found to increase with the increasing of strain rate, which means that more energy is needed to produce irreversible damage as loading rate increases. The fractal dimensions are observed increases with the increasing of impact loading rate.

• 대한기계학회논문집
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• 제17권7호
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• pp.1772-1782
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• 1993

The characteristics of metal matrix composite under dynamic tension at high strain rates up to the order of $10^3/sec$ is studied by using newly developed apparatus. The composite material processed in this research is aluminum-alumina metal matrix composites, arid fabricated by compocasting with the fiber volume fraction from 5 to 20%. The whisker and matrix material used in this paper were ${\delta}-Al_2O_3$ and Al-6061, respectively. The mechanical tests performed in this research are low and high strain rate tensile test. At low strain-rate tensile test, the modulus of elasticity and the ultimate tensile strength of the composites were improved about 77 pct. and 55 pct., respectively comparing with the unreinforced materials. At strain-rate from $10^{-3}\;to\;10^3/s$, the effect of strain-rate on the modulus, ultimate strength, flow stress is determined. Also the effect of strain rate on the modulus, ultimate tensile strength, flow stress and elongation to failures were investigated.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.229-239
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• 2020

This article aims to measure the impact of economic growth and urbanization on poverty reduction in Vietnam, and verify whether economic growth and urbanization will help reduce poverty rates. Data for this study are tabular data related to growth, urbanization and poverty at the provincial level for the period of nine years, from 2006 to 2014 provided by the Vietnam General Statistics Office and the Vietnam General Department of Customs. The level of economic growth and urbanization mentioned in the study is reflected in such indicators as GDP value, exports value, imports value, urbanization rate and employment rate. The authors used logistic regression models with fixed-effects and logistic regression models with random effects. With 5% confidence level tested by the Chi-Square test of Hausman trial with the fixed-effect model, research results show that: (1) factors with significant negative impact on the poverty rate include imports value, urbanization rate and, employment rate; (2) factors that do not affect the poverty rate include exports value and GDP value. Based on the research results, this study proposes a number of policy recommendations to help promote economic growth, to sustain the urbanization process, and to contribute directly and positively to poverty reduction in Vietnam.

• KIEAE Journal
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• 제11권2호
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• pp.3-8
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• 2011

This study was carried out for analysing the relationship of environmental factors and the reduction rate of land compensation of six urban development projects near waste landfill sites located in the Seoul metropolitan area. For a close investigation, 24 variables were selected but only 4 environmental variables were identified to have high correlation to the reduction rate of compensation. These are fine particles(PM10), bad smell, the ratio of a greening zone of land and park, and the distance in straight line from the landfill site. Two variables-PM10 and bad smell-were found to have an effect on the average reduction rate of land compensation by correlation analysis. On the other hand, the ratio of a greening zone and the distance in straight line from the landfill site have been rejected for the significance test. The result of regression analysis of six models for the search of affecting variables on the reduction rate of compensation is that PM10 and bad smell have the impact ratio of more than 0.5. But the ratio of greening zone and the distance from the landfill are not significant factors, having the impact ratio of 0.025~0.045 except one model.

• 한국임상수의학회지
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• 제14권2호
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• pp.147-150
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• 1997

This study was performed to evaluate the therapeutic effects of electroacupuncture on the ruminal disorders such as ruminal stony, ruminal impact, and ruminal tympany in dairy cattle. The therapeutic effects of electroacupuncture to ruminal stony and tympany were much better than those by medicaments and the combination of medicaments and electroacupuncture showed the most effective outcome of remedy. However, there was no difference in recovery rate of ruminal impact according to electroacupuncture, and medicaments alon, or combination of acupuncture and medicaments.