• Proceedings of the Korean Geotechical Society Conference
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• 2004.03b
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• pp.11-19
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• 2004

When pile foundation constructed by driving method, it is desirable to perform monitoring and estimation of pile drivability and bearing capacity using some suitable tools. Dynamic Pile Monitoring yields information regarding the hammer, driving system, and pile and soil behaviour that can be used to confirm the assumptions of wave equation analysis. Dynamic Pile Monitoring is performed with the Pile Driving Analyser. The Pile Driving Analyser (PDA) uses wave propagation theory to compute numerous variables that fully describe the condition of the hammer-pile-soil system in real time, following each hammer impact. This approach allows immediate field verification of hammer performance, driving efficiency, and an estimate of pile capacity. The PDA has been used widely as a most effective control method of pile installations. A set of PDA test was performed at the site of Donghea-1 Gas Platform Jacket which is located east of Ulsan. The drilling core sediments of location of jacket subsoil are composed of mud and sand, silt. In this case study, the results of PDA test which was applied to measurement and estimation of large diameter open ended steel pipe pile driven by underwater hydraulic hammer, MHU-800S, at the marine sediments were summarized.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
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• v.18 no.1
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• pp.173-188
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• 2023

This paper analyzed the Earnings management of firms selected as preliminary Unicorn. If a manager is selected as a preliminary unicorn firm, he can receive financial support of up to 20 billion won, creating a factor in managing the manager's earnings. The motive for management's earnings management is related to the capital market. Accounting information is used by investors and financial analysts, and corporate profits affect corporate value. Therefore, if the accounting earning is adjusted upward, the corporate value will be raised and investment conditions will be favorable. In this paper, earnings quality was measured by the modified Jones model of Dechow et al.(1995) by the ROA control model of Kothari et al.(2005) among the discretionary accruals estimated using an alternative accrual prediction model. Competing similar companies in the same market as the selected companies were formed, and the discretionary accruals were mutually compared to verify the research hypotheses, and only the selected companies were analyzed for the audit year and after the audit year. As a result of the analysis, it was found that the companies selected as preliminary unicorns had higher earnings management compared to the corresponding companies in question, which had a negative impact on the quality of accounting profits. It was found that the companies selected as preliminary unicorns continued to receive incentives for management's earnings management even after being selected. These results indicate that the companies selected as prospective unicorns are recognized for their value in the market through external growth rather than internal growth, and thus, incentives for management's earnings management to attract investment from external investors under favorable conditions are continuing. In the future preliminary unicorn selection evaluation, it was possible to present what needs to be reviewed on the quality of accounting earning. The implication of this paper is that the factors of management's earnings management eventually hinder investors and creditors from judging the reliability of accounting information. It was suggested that a policy alternative for the K-Unicorn Project, which enhances reliability were presented by reflecting the evaluation of earnings quality through discretionary accruals.