• Title/Summary/Keyword: Structure effect

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Stock Ownership Structure and Its Effects on Capital Structure and Corporate Value: Evidence from Indonesia

  • RAGIL, Siti;RAHAYU, Sri Mangesti;SUHADAK, uhadak
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.423-431
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    • 2021
  • This research (1) examines the effect of stock ownership structure on capital structure; (2) explains the effect of stock ownership structure on corporate value; and (3) investigates the influence of capital structure on corporate value. This research is categorized as a quantitative research, which is directed to test various theories. In this study, the population of all consumption companies listed on the Indonesia Stock Exchange (IDX) consist of 38 companies. Population data in this study are all consumption companies, which have gone public in the period from 2010 to 2015. In this study, given the objectives and problem formulation and hypothesis, the analysis method used is Generalized Structural Component Analysis (GSCA). Ownership structure has a significant effect on capital structure; ownership structure has no significant effect on corporate value; capital structure has a significant effect on corporate value; corporate value has a significant effect on capital structure. Previous research found different results. Some researchers found a positive relationship and other researchers found a negative relationship, and there are studies that found both significant and non-significant effects. The inconsistency of previous research results prompted the researchers to examine the effect of ownership structure on capital structure and corporate value.

Reciprocal Capital Structure and Liquidity Policy: Implementation of Corporate Governance toward Corporate Performance

  • SUMANI, Sumani;ROZIQ, Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.85-93
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    • 2020
  • The research objective examines the effect of corporate governance on capital structure and its effect on liquidity policy and corporate performance. It tests the effect of capital structure and liquidity policy on corporate governance. It also examines the effect of liquidity policy on capital structure and the effect of capital structure on liquidity policy. The study population is all manufacturing companies that went public on the Indonesia Stock Exchange in the period 2010-2019. The research population is 182 manufacturing companies. The Judgment Sampling was used and 109 companies meet the research criteria. The study used panel data for ten years so that the amount of data observed was 1090 observations. The analysis tool uses Warp Partial Least Square (WarpPLS). The results showed that corporate governance had a significant positive effect on capital structure, but corporate governance had a significant adverse effect on liquidity policy, and corporate governance had a significant positive effect on corporate performance. Furthermore, capital structure has a significant negative effect on corporate performance, but liquidity policy has no significant effect on corporate performance. Capital structure and liquidity policy are proven to be reciprocally significant positive correlations for manufacturing companies in Indonesia.

A Study on The Structural Systems of Modern Architecture and Architectural Characteristics (근대건축의 구조시스템과 건축적 특성에 관한 연구)

  • Cho, Sung-Hyun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.10 no.1
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    • pp.49-56
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    • 2010
  • The purpose of this study is to examine the relationship between the structural system used in modern architecture and the form and spatial composition of the buildings. The principle in stabilization of structures is closely related to the architectural form. That is, in order to stabilize a building, a special type of structural system is required and consequently shows up with consistent characteristics in the architectural form. Modern architecture can be classified into skeleton structure, trusses structure, and space structure according to the structural characteristics. Skeleton structure is then divided into a perpendicular form and tapered form. Trusses structure is categorized as dome-shaped structure and slab-shaped structure, and space structure can be divided into compressible space structure and tensile space structure. When classifies the modern building with the aspect of architectural effect, there is a possibility of trying to divide with effect of production, and its expression. Effect of production mean structural system and effect of expression mean space and plan.

Overhang Effect on the Axial Flux Permanent Magnet Motor (AFPM 전동기의 오버행 효과에 관한 연구)

  • Woo, Dong-Kyun
    • The Transactions of The Korean Institute of Electrical Engineers
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    • v.65 no.5
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    • pp.769-772
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    • 2016
  • In this paper, the overhang structure was applied to the axial flux permanent magnet (AFPM) motor. This paper describes the overhang effect in the AFPM motor. Moreover, the overhang effect was analyzed according to the different overhang length and an optimal overhang structure was proposed. Finally, the proposed structure was applied to design, analysis and experiment of prototype motors. Through the comparison between 3D finite element analysis results and experimental ones, the validity of proposed structure is clarified.

Programming Characteristics on Three-Dimensional NAND Flash Structure Using Edge Fringing Field Effect

  • Yang, Hyung Jun;Song, Yun-Heub
    • JSTS:Journal of Semiconductor Technology and Science
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    • v.14 no.5
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    • pp.537-542
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    • 2014
  • The three-dimensional (3-D) NAND flash structure with fully charge storage using edge fringing field effect is presented, and its programming characteristic is evaluated. We successfully confirmed that this structure using fringing field effect provides good program characteristics showing sufficient threshold voltage ($V_T$) margin by technology computer-aided design (TCAD) simulation. From the simulation results, we expect that program speed characteristics of proposed structure have competitive compared to other 3D NAND flash structure. Moreover, it is estimated that this structural feature using edge fringing field effect gives better design scalability compared to the conventional 3D NAND flash structures by scaling of the hole size for the vertical channel. As a result, the proposed structure is one of the candidates of Terabit 3D vertical NAND flash cell with lower bit cost and design scalability.

Microscopic Interdiffusion in Multilayer Structure

  • Kim, Jai-Young
    • Journal of Magnetics
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    • v.2 no.2
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    • pp.58-66
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    • 1997
  • Recently, artificially modulated magnetic multilayer materials, for examples giant magnetoresistant magnetic head materials and magneto-optic recording materials in the wavelength of a blue laser beam, attract great attention in the electronics industry due to their unique properties derived from the modulated multilayer structure. Since the multilayer structure as well as amorphous structure, is non-equilibrium state in terms of free energy, an assessment of the thermal staibility in the multilayer structure is crucially importnat both for basic research and applications. In this review paper, effective microscopic interdiffusion process in the two dimensional multilayer structure will be described in terms of steep concentration gradient effect, strain effect and magnetic transition effect.

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Dynamic Behavior of a Long-Span Bridge Considering Soil-Structure Interaction (지반-구조물 상호작용을 고려한 장대교량의 동적 거동)

  • Lim, Che-Min;Park, Jang-Ho;Shin, Yung-Seok
    • Journal of the Korean Society of Safety
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    • v.19 no.2
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    • pp.119-124
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    • 2004
  • The effect of soil-structure interaction becomes important in the design of civil structures such as long-span bridges, which are constructed in the site composed of soft soil. Many methodologies have been developed to account for the proper consideration of soil-structure interaction effect. However, it is difficult to estimate soil-structure interaction effect accurately becaused of many uncertainties. This paper presents the results of study on soil-structure interaction and dynamic response of a long-span bridge designed in the site composed of soft soil. The effect of the soft soil was evaluated by the use of computer program SASSI and a long-span bridge structure was modeled by finite elements. Dynamic response characteristics of a long-span bridge considering soil-structure interaction wereinvestigated.

Soil-structure interaction and axial force effect in structural vibration

  • Gao, H.;Kwok, K.C.S.;Samali, B.
    • Structural Engineering and Mechanics
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    • v.5 no.1
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    • pp.1-19
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    • 1997
  • A numerical procedure for dynamic analysis of structures including lateral-torsional coupling, axial force effect and soil-structure interaction is presented in this study. A simple soil-structure system model has been designed for microcomputer applications capable of reflecting both kinematic and inertial soil-foundation interaction as well as the effect of this interaction on the superstructure response. A parametric study focusing on inertial soil-structure interaction is carried out through a simplified nine-degree of freedom building model with different foundation conditions. The inertial soil-structure interaction and axial force effects on a 20-storey building excited by an Australian earthquake is analysed through its top floor displacement time history and envelope values of structural maximum displacement and shear force.

Seismic response of a high-rise flexible structure under H-V-R ground motion

  • We, Wenhui;Hu, Ying;Jiang, Zhihan
    • Earthquakes and Structures
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    • v.23 no.2
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    • pp.169-181
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    • 2022
  • To research the dynamic response of the high-rise structure under the rocking ground motion, which we believed that the effect cannot be ignored, especially accompanied by vertical ground motion. Theoretical analysis and shaking table seismic simulation tests were used to study the response of a high-rise structure to excitation of a H-V-R ground motion that included horizontal, vertical, and rocking components. The use of a wavelet analysis filtering technique to extract the rocking component from data for the primary horizontal component in the first part, based on the principle of horizontal pendulum seismogram and the use of a wavelet analysis filtering technique. The dynamic equation of motion for a high-rise structure under H-V-R ground motion was developed in the second part, with extra P-△ effect due to ground rocking displacement was included in the external load excitation terms of the equation of motion, and the influence of the vertical component on the high-rise structure P-△ effect was also included. Shaking table tests were performed for H-V-R ground motion using a scale model of a high-rise TV tower structure in the third part, while the results of the shaking table tests and theoretical calculation were compared in the last part, and the following conclusions were made. The results of the shaking table test were consistent with the theoretical calculation results, which verified the accuracy of the theoretical analysis. The rocking component of ground motion significantly increased the displacement of the structure and caused an asymmetric displacement of the structure. Thus, the seismic design of an engineering structure should consider the additional P-△ effect due to the rocking component. Moreover, introducing the vertical component caused the geometric stiffness of the structure to change with time, and the influence of the rocking component on the structure was amplified due to this effect.

Seismic Analysis on Recycled Aggregate Concrete Frame Considering Strain Rate Effect

  • Wang, Changqing;Xiao, Jianzhuang;Sun, Zhenping
    • International Journal of Concrete Structures and Materials
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    • v.10 no.3
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    • pp.307-323
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    • 2016
  • The nonlinear behaviors of recycled aggregate concrete (RAC) frame structure are investigated by numerical simulation method with 3-D finite fiber elements. The dynamic characteristics and the seismic performance of the RAC frame structure are analyzed and validated with the shaking table test results. Specifically, the natural frequency and the typical responses (e.g., storey deformation, capacity curve, etc.) from Model 1 (exclusion of strain rate effect) and Model 2 (inclusion of strain rate effect) are analyzed and compared. It is revealed that Model 2 is more likely to provide a better match between the numerical simulation and the shaking table test as key attributes of seismic behaviors of the frame structure are captured by this model. For the purpose to examine how seismic behaviors of the RAC frame structure vary under different strain rates in a real seismic situation, a numerical simulation is performed by varying the strain rate. The storey displacement response and the base shear for the RAC frame structure under different strain rates are investigated and analyzed. It is implied that the structural behavior of the RAC frame structure is significantly influenced by the strain rate effect. On one hand, the storey displacements vary slightly in the trend of decreasing with the increasing strain rate. On the other hand, the base shear of the RAC frame structure under dynamic loading conditions increases with gradually increasing amplitude of the strain rate.