• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.45-52
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• 2021

The capital structure is one of the hot financial topics among researchers and scholars. Its importance comes from the fact that capital structure is closely related to companies' ability to meet different stakeholders' needs. A suitable capital structure will boost the business and create a competitive advantage in the context of fierce competition. Many companies choose an optimal debt level based on the trade-off between interest and debt costs. This study aimed to test the existence of trade-off theory in capital structure, the case of Vietnam's real estate companies, which are growing very fast recently. Instead of considering constant optimal leverage to test the trade-off model, we take advantage of the dynamic capital structure determined by growth opportunities, profitability, tax incentives, tangibility, liquidity, and firm size. The dynamic panel data regression was estimated by the system Generalized Method of Moment (Sys-GMM). The empirical evidence showed that real estate companies listed in the Vietnamese stock market might change their leverage toward a target capital structure determined by influential factors in a long-term perspective. In particular, the debt-to-asset ratio will change by approximately 14 percent, positively, in response to the difference between the current debt-to-asset ratio and the dynamic target debt-to-asset ratio.

• 전산구조공학
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• 제7권3호
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• pp.105-113
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• 1994

프리캐스트 콘크리트(P.C) 대형판 구조물은 일체식 현장타설 철근콘크리트 구조물에 비하여 보통 접합부에서 약한 강성을 가지고 있다. 그러나 일반적으로 실무에서 이러한 P.C대형판 구조물의 특성이 고려되지 않고 있으며 일체식 구조물에서와 동일한 해석모델을 사용하고 있는 실정이다. 따라서 이러한 모델을 사용하요 얻은 해석결과는 실제 P.C구조물에서의 발생하는 것들과 매우 상이할 수 있다. 본 연구에서는 이P.C구조물의 해석에 적합한 몇가지 유한요소모델을 시도해 봄으로써 수직접합부에 실제의 낮은 전단강성을 적용함으로 인해 발생하는 구조물에서의 힘과 응력분포 및 처짐의 변화를 관찰하여 보았다. 마지막으로 실부자들을 위해 수직접합부 전단강성의 영향을 감안한 단순화된 모델이 오차범위에 대한 이해를 전제로 하여 제안되고 있다.

• Structural Engineering and Mechanics
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• 제68권5호
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• pp.527-536
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• 2018

The free vibration frequency responses of the graded flat and curved (cylindrical, spherical, hyperbolic and elliptical) panel structures investigated in this research considering the rectangular and tilted planforms under unlike temperature loading. For the numerical implementation purpose, a micromechanical model is prepared with the help of Voigt's methodology via the power-law type of material model. Additionally, to incur the exact material strength, the temperature-dependent properties of each constituent of the graded structure included due to unlike thermal environment. The deformation kinematics of the rectangular/tilted graded shallow curved panel structural is modeled via higher-order type of polynomial functions. The final form of the eigenvalue equation of the heated structure obtained via Hamilton's principle and simultaneously solved numerically using finite element steps. To show the solution accuracy, a series of comparison the results are compared with the published data. Some new results are exemplified to exhibit the significance of power-law index, shallowness ratio, aspect ratio and thickness ratio on the combined thermal eigen characteristics of the regular and tilted graded panel structure.

• 한국소음진동공학회논문집
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• 제22권1호
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• pp.22-28
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• 2012

While a dash panel component, close to passengers, plays a very important role to protect heat and noise from a power train, it is also a main path that transfers vibration energy and eventually radiates acoustic noise into the cavity. Therefore, it is important to provide optimal design schemes incorporating sound packages such as a dash isolation pad and a floor carpet, as well as structures. The present study is the extension of the previous investigation how design variables affect sound radiation, which was carried out using the simple plate and framed system. A novel FE-SEA hybrid simulation model is used for this study. The system taken into account is a dash panel component of a sedan vehicle, which includes front pillars, front side members, a dash panel and corresponding sound packages. Design variables such as panel thicknesses and sound packages are investigated how they are related to two main NVH indexes, sound radiation power(i.e. structure-borne) and sound transmission loss(i.e. air borne). In the viewpoint of obtaining better NVH performance, it is shown that these two indexes do not always result in same tendencies of improvement, which suggests that they should be dealt with independently and are also dependent on frequency regions.

• Steel and Composite Structures
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• 제41권6호
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• pp.861-871
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• 2021

This study aims at investigating the hysteretic performance of a novel composite wall panel fabricated by infilling aerated concrete blocks into a novel light-steel frame used for low-rise residential buildings. The novel light-steel frame is consisted of two thin-wall rectangular hollow section columns and a truss-beam assembled using patented U-shape connectors. Two bare light-steel frames and two composite wall panels have been tested to failure under horizontal cyclic loading. Hysteretic curves, lateral resistance and stiffness of four specimens have been investigated and analyzed. Based on the testing results, it is found that the masonry infill can significantly increase the lateral resistance and stiffness of the novel light-steel frame, about 2.3~3 and 21.2~31.5 times, respectively. Failure mode of the light-steel frame is local yielding of the column. For the composite wall panel, firstly, masonry infill is crushed, subsequently, local yielding may occur at the column if loading continues. Hysteretic curve of the composite wall panel obtained is not plump, implying a poor energy dissipation capacity. However, the light-steel frame of the composite wall panel can dissipate more energy after the masonry infill is crushed. Therefore, the composite wall panel has a much higher energy dissipation capacity compared to the bare light-steel frame.

• 조명전기설비학회논문지
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• 제22권6호
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• pp.7-13
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• 2008

본 논문은 수치 해석을 이용한 교류형 플라즈마 표시기의 발광 효율 개선에 대한 연구를 주 내용으로 하고 있으며, 긴 전극 간격을 가지는 유지 전극들 사이에 2개의 보조 전극을 삽입한 5전극 신 구조에서의 방전 특성에 대해 분석하였다. 2차원의 수치 해석 결과에 의하면 어드레스 전극에 보조 펄스가 인가되는 구동 파형을 적용했을 때, 신 구조는 일반적인 3전극 면방전 구조에 비해 대략 52[%]의 효율 증가를 보였다. 결과적으로 방전 초기에 보조 전극 사이에서 일어나는 방전의 크기는 축소되고 주방전에 해당하는 유지 전극 사이의 긴 간격에서의 방전은 확장될수록 플라즈마 표시기의 유지 방전에 있어서 VU V생성 효율의 개선 효과는 커진다고 볼 수 있다. 이와 같은 수치 해석 결과에 대한 신뢰성은 실험 결과를 제시함으로써 검증할 수 있다.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.337-343
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• 2021

The study's objective is to ascertain the state of the creative industry's market structure, the behavior of entrepreneurs ("conduct"), and the performance of the creative industry in Indonesia. Additionally, this study evaluates the relationship between structure, conduct, and performance within the context of the relationship between the three. This study analyzes longitudinal data from 2005 to 2015 for sub-sectors within the creative industry. The first step is to group statistical sub-sectors into creative-industry categories. The next step is to quantify and analyze the structure, behavior, and performance indicators of each creative industry subsector. Then, using a random effect panel data model, the relationship between structure and performance was estimated and examined. The findings of this study suggest that market share and concentration ratio calculations indicate that the creative industry in Indonesia has a monopolistic market structure. With this market framework, the creative industry's conduct can have an effect on prices. This is undoubtedly consistent with the features of the creative industry, which emphasize innovation as a means of adding value. The panel data estimation findings suggest the need for long-term efforts to maintain a market framework that enables businesses to compete fairly, innovate, and bring value.

• The Journal of Asian Finance, Economics and Business
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• 제9권9호
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• pp.181-189
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• 2022

The current study examines the nexus between the capital structure (debt-equity) and firm value (Tobin's Q) by including profitability (alternatively Return on Assets (ROA) and Return on Equity (ROE)) as a moderator in the companies of Saudi Arabia. The study sample consists of 102 companies listed on Tadawul (the Saudi Arabian stock exchange) from different sectors of Saudi Arabia during the period 2013 to 2020. The study estimates pooled regression, panel regression with fixed and random effects, and dynamic panel regression models to report the results. The study results report that there is a negative and significant association between capital structure and firm value in model 1, while in models 2 and 3 there is a more negative and significant impact between the two study variables compared to model 1 after the inclusion of interaction variable, i.e. profitability in terms of ROA and ROE. The comparative result shows that the companies of Saudi Arabia hold more debt in their capital structure mix, hence evidencing a decrease in the firm value. The reported results also show that models 2 and 3 are better in explaining the impact of capital structure on firm value due to the interaction of profitability compared to model 1.

• 수산해양기술연구
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• 제59권3호
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• pp.271-278
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• 2023

This study aims to analyze the income structure, cost structure, and profit structure based on data related to the business performance of the boat seine fishery from 1990 to 2020, and to identify the direct and indirect factors affecting fishery profitability through panel regression analysis. The main analysis results are as follows. First, it was found that fish catch has a significant amount of impact on fishery profitability, which is a key factor in improving the profitability of anchovy boat seine fishery. Second, it is necessary to develop carbon-reduced fishing gear, develop fleet-reduced fishing gear, and improve the operating system in order to increase fishery profitability for the short run. Third, it is necessary to create and maintain sustainable profitability for the long run, the continuous fishing vessels buyback program, an active responses to climate change, and the follow-up investigations about marine aggregate extraction in the south sea EEZ are needed.

• 한국소음진동공학회논문집
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• 제13권4호
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• pp.300-307
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• 2003

This paper presents the multi-mode noise reduction of smart panels of which passive piezoelectric shunt damping is introduced. For the piezoelectric shunt damping, a passive shunt circuit composed of inductors and a load resistor is connected to the piezoelectric patch mounted on the panel structure. An electrical impedance model is introduced for the system based on the measured electrical impedance, and the criteria for maximum energy dissipation at the shunt circuit is used to find the optimal shunt parameters. For multi-mode shunt damping, the shunt circuit is modified by the introduction of a block circuit. Also the optimal location of the piezoelectric patch is studied by finite element analysis in order to cause the maximum admittance from the patch for each mode of the structure. An acoustic test is performed for the panels and a remarkable noise reduction is obtained in multiple modes of the panel structure.