• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.231-239
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• 2020

The aim of this paper is to review the role of board size as part of the corporate governance system. This paper discusses one aspect of corporate governance, namely, boards, in the Indonesian context. Using the literature review method, this paper explores factors that need to be considered to determine the optimal number of boards, especially in Indonesia. We explore some determinants of board size, such as complexity and leverage, ownership structure, and financial ratio support. The results reveal that an understanding of the differences found in the two-tier board model helps us understand that the different functions of the board of commissioners and the board of directors require different test treatments from countries that adhere to one-tier systems. A review of the relationship between board size and company performance is expected to provide the corporate governance literature with insights into optimizing the sizes of boards that can improve company performance, both in terms of boards of commissioners and boards of directors. This paper proposes the simultaneous testing of board size's relationship with company performance. The results of this study are expected to make a more real contribution about the effect of board size on company performance.

• Journal of the Korean Wood Science and Technology
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• 제15권3호
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• pp.44-55
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• 1987

In order to study the effect of sawdustboard combined with plastic chips, 0.5mm($T_1$), 1mm($T_2$), 1.4mm($T_3$) thick nylon fiber. polypropylene rope fiber(RP), and 0.23mm thick moth-proof polypropylene net fiber(NP) were cut into 0.5, 1, 2cm long plastic chips. Thereafter, sawdustboard combined with plastic chips prepared as the above and plastic non-combined sawdustboard(control) were manufactured into 3 types of one-, two-, and three layer with 5 or 10% combination level. By the discussions and results at this study, the significant conclusions of mechanical and physical properties were summarized as follows: 1. The MORs were shown in the order of 3 layer> 2 layer> 1 layer among plastic non-combined boards, and $T_3$ < $T_2$ < $T_1$ < RP (NP(5%) < NP(l0%) among plastic combined boards. In 2cm long plastic chip in 1 layer board, the highest strength through all the composition was recognized. 1 layer board showing the lower strength with 0.5cm plastic chip rendered to the bending strength improvement by 2 or 3 layer board composition. On the other hand, 2 or 3 layer combined with 1, 2cm long polypropylene net fiber chips incurred MOR's conspicuous decrease requiring optimum plastic chip combined level and consideration to combined type. 2. MOE in plastic non-combined 3 layer board exhibited sandwich construction effect by higher resin content application to surface layer in the order of 3layer>1layer>2layer with the highest stiffness of the board combined with polypropylene chip, while nylon chip-combined board had little difference from plastic non-combined board. In relevant to length and layer effect, 3 layer board combined with the 0.5cm long polypropylene net fiber chip in 5% and 10% combined level presented 34-43% and 44-76% stiffness increase against plastic non-combined board(control), respectively. Moreover, in 1 layer board, 30% stiffness increase with 10% against 5% combined level in the 1 and 2cm long polypropylene net fiber chip was obtained. 3. Stress at proportional limit(Spl) showing the fiber relationship (r: 0.81-0.97) between MOR presented in the order of 1 layer<2 layer<3 layer in plastic non-combined board. Correspondingly, combined effect by layer and plastic chip length was similar to MOR's. 4. Differently from previous properties(MOR, MOE, Spl). work to maximum load(Wml) of 2 layer board approached to that of 3 layer board. Conforming the above phenomenon. 2 layer combined with 0.5cm long polypropylene net fiber chip kept the greater work than 1 layer. The polypropylene combined board superior to nylon -and plastic non - combined board seemed to have greater anti - failing capacity. 5. Internal bond strength(IB), in contrast to MOR's tendency. showed in the order of T1

• 한국포장학회지
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• 제10권1호
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• pp.27-36
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• 2004

Software summarized packaging technology related is needed for low cost and high efficiency in production and packaging design of corrugated board, and in development of these softwares, distribution and packaging environment of one's country must be reflected, well. In domestic occasion, software related to corrugated board packaging dont's exist nearly, and in many industrial fields, the more higher role and importance of packaging in various industrial field is, the more higher necessity of that is. In this study, on the base of preceeding studies (Park, 2001; 2003; 2003), software to optimize board combination that is most importance and sensitivity in composition of cost elements in production and packaging design of corrugated board was developed. This software was composed of input module, output module, database and management module, and calculation module, and efficiency of this software was analyzed on the both sides of sensitivity in design result and effectiveness in a case analyse. In the inward design results having same strength, board combination balance, bursting strength, box weight, and cost were greatly different. Therefore, optimum inward design according to user's design specifications is possible, and in a case analysis for actual products, obtained the more profitable results than before design.

• Journal of the Korean Wood Science and Technology
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• 제13권3호
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• pp.3-26
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• 1985

The object of this study was to investigate the effects on physical and mechanical properties of wood particle and sawdust board combined with wire net. Conventional forming, press-lam, and veneer comply boards combining one to four wire net sheets were made from wood particle and sawdust with different spacings (8, 10, 12, and 18 Mok) and different wire diameters (0.35, 0.50, and 0.80mm) composing wire net. They were compared and analyzed statistically with specific gravity, thickness swelling, length swelling, bending properties (modulus of rupture, modulus of elasticity, work to proportional limit, and total work), internal bonding strength, and screw holding strength between wood particle and sawdust boards. The results obtained at this study as cording to the discussions might be concluded as follows; 1. In specific gravity, both particle and sawdust boards by press-lam method were higher than by conventional forming and veneer comply method, and the boards containing more wire net sheets also showed higher value. But the wire net spacings(Mok) had no influence on specific gravity. In general, particle board showed higher specific gravity than sawdust board. Veneer comply board showed lowest specific gravity values. 2. Both particle and sawdust boards by press-lam method was slightly lower than by conventional forming and veneer comply method in thickness swelling. The sawdust board containing 8, 12. and 18 Mok wire net showed lower thickness swelling than the corresponding particle board, but both sawdust and particle boards containing the T8 and 10 Mok wire net showed higher and similar thickness swelling. 3. Both particle and sawdust boards containing wire net showed no difference in MOR and MOE of bending. Comply board was the highest and particle board showed slightly higher than sawdust board in MOR and MOE values. 4. In work to proportional limit and total work in bending, both particle and sawdust boards containing thicker wire diameter and more wire net sheets showed higher value. From these facts, it is conceivable that boards with thicker wire diameter and more wire net sheets show increasing resistance against external force. But there was no significant difference between particle and sawdust borads. 5. In resistance against delamination (internal bonding strength), both sawdust and particle boards containing wire net showed lower value than control, and also showed decreasing tendency with more number of wire net sheet composed. Particle board showed higher resistance against delamination than sawdust board. 6. In screw holding strength, sawdust board containing thicker wire diameter and more wire net sheets showed higher value, but particle board by press-lam method was higher than by conventional forming and veneer comply method. Screw holding strength of particle board was higher than that of sawdust board.

• 한국우주과학회:학술대회논문집(한국우주과학회보)
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• 한국우주과학회 2004년도 한국우주과학회보 제13권2호
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• pp.223-226
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• 2004

This paper presents a feasibility study of an advanced IO board design for the next generation of low-earth orbit satellites. Advanced IO board design includes sensor interface, NO, D/A, Digital Module, Serial Module etc, and allows to process increasing data rates between IO board and CPU board. The higher data rate involved in modem IO board additionally introduce issues such as noise, fault tolerance, command and data handling, limited pin count and power consumption problems. The experience in KOMPSAT-l and 2 program with this kind of problems resulted in using SMCS chip set, a high speed serial link technology based on IEEE-1355 (Space Wire Protocol) (ESA-ESTEC 2003, Parkes 1999), as a standard for next generation of satellite IO board design.

• The Journal of Asian Finance, Economics and Business
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• 제7권1호
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• pp.167-181
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• 2020

The relationship between corporate board attributes and dividend payout is already established yet mediating role of leverage in not been examined in Malaysian market. Therefore, this study aims to examine the mediating effect of financial leverage on the relationship between corporate board attributes and the dividend pay-out policy. A sample of 203 non-financial firms listed on the BURSA Malaysia between 2005 and 2018 were analysed using SmartPLS 3.0. The findings show that there is a partial mediating effect of financial leverage on the relationship between board members age, board diversity and dividend pay-out policy. Financial leverage also mediates the relationship between number of women on board, CEO-duality and dividend pay-out policy. However, financial leverage doesn't mediate the relationship between board size and dividend pay-out policy. This study offers insights to policy-makers to develop a better corporate governance as well as a guidance to firms in the construction and implementation of their corporate governance policies in relation to financial leverage. This study also shed light on the influence of efficient corporate board attributes on dividend pay-out policy and financial leverage for firm growth. This study concludes that corporate board attributes impact capital structure and thus, firms may change its payout policy.

• Journal of the Korean Wood Science and Technology
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• 제4권1호
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• pp.48-53
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• 1976

This Study was carried out to investigate the course of air-drying and drying defects of red pine (Pinus densiflora S. et Z.) and Italian poplar (Populus eurameriana I-476) boards 1,2 and 3cm thick in the flat pile. The results are as follows. 1. Air-drying curves for red pine and Italian poplar boards were same as figure 1 and 2. These moisture contents were lower in July and August during seasoning periods. 2. Air drying time of red pine board required to dry 15 percent moisture content in one week for 1 cm board, five weeks for 2 cm board and six weeks for 3cm board respectively. In case of Italian poplar boards, in one week for 1 cm board, four weeks for 2 cm and five weeks for 3 cm board. The thickness of board influenced the time for air drying. 3. Drying defects such as checking, warping and staining happened badly in pine than in Italian poplar boards. Especially, checking was severe in thicker board and warping in thinner board.

• 펄프종이기술
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• 제44권2호
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• pp.29-34
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• 2012

For the purpose of developing liner board for water-resistant corrugated board in the cold chain system, several types of base paper for corrugated board were purchased from the market and 6 different boards were produced in the paperboard mill by applying the chemicals on the base paper. Then, water-moisture resistant performance and physical properties of the boards were compared each other. The liner board which is dried at high temperature with pressure by Condebelt papermaking system(CK paper) showed a superior performance in strength over common liner boards. Strength of the board increased by surface chemical treatment up to 60% of compressive strength and 30% of bursting strength. Starch insolubilization with Ammonium-Zirconium Carbonate(AZC) and surface coating with a surface size and a moisture resistant chemical on CK paper showed the best result. Therefore, this method was recommended to produce the outer liner board for water -resistant corrugated board.

• 전기학회논문지
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• 제61권3호
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• pp.384-393
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• 2012

Railroad signaling systems perform controlling the distance and routes between trains. Signaling methods on the wayside are to control passively the train speed by using signal flags which are installed on the wayside. ATS(Automatic Train Stop) device is used as the signaling method on the wayside in Korea. The ATS device is assistance equipment of engineers. Signal information is transmitted by combining mutual inductance between the wayside transmitter and on-board receiver. The wayside transmitter performs changing oscillation frequency according to the signal information. The on-board receiver performs controlling the train by receiving the frequency. Currently, the oscillation frequency on the on-board receiver is 78[kHz] in case of normal state. When the on-board receiver is over the wayside transmitter, the oscillation frequency is changed by capacitors of the wayside transmitter according to signal flags. In case of changing the oscillation frequency, the waveform is modified in the wayside transmitter and on-board receiver. This phenomenon is that other signals or communication frequency are included. In this paper, electric model between the wayside transmitter and on-board receiver is suggested and frequency response in the wayside transmitter and on-board receiver including other signals is estimated by the coupling coefficient. Also, the value of coupling coefficient is proposed to exclude other signals and demonstrated by using Matlab and PSpice program.

• The Journal of Asian Finance, Economics and Business
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• 제7권8호
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• pp.233-246
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• 2020

This paper investigates the effect of the involvement of the board chairman in the audit committee (AC) on earnings management (EM). It examines Bursa Malaysia-listed companies with the lowest positive earnings for the years 2013 to 2015. The Modified Jones Model by Kasznik (1999) was used to determine discretionary accruals. An AC that includes its board chairman as an ordinary member is associated with greater discretionary accruals. However, a board chairman who is also the chairman of the AC does not seem to influence discretionary accruals. This paper supports the agency theory and policy-makers' efforts to prevent board chairmen from sitting on ACs. It is the first study that uses the agency theory to describe the association between the board chairman's involvement in the both AC and EM. This study alerts policy-makers, stakeholders and researchers to the influence of a board chairman serving on the AC in curbing EM. Furthermore, it provides empirical evidence that the majority of Malaysian companies whose board chairmen are involved in the AC appoint the chairman as an ordinary member of the AC. This indicates that executive directors may affect such actions. Hence, more policies are needed to improve AC independence.