• The Journal of Asian Finance, Economics and Business
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• v.7 no.2
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• pp.75-87
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• 2020

This paper aims to not only investigate the nature of financial security and its measurement, but also to compare financial security level in 629 listed companies divided into four different industries (materials, industrials, health care, and consumer goods) before building a theoretical framework and regression models to examine the determinants of financial security. By gathering 2,167 financial statements published in Vietnamese Stock Exchange during eight years from 2012 to 2019, with the support of STATA, the research results indicate that six different internal factors, which are liquidity, profitability, firm size, debt management ratios, asset management ratios, and cash flows, explain 77.7% the change of financial security ratio and 3.4% the change in sustainable growth ratio. Specifically, while firm size has a positive impact on sustainable growth ratio but a negative impact on financial security ratio, deb management and profitability have an insignificant influence on the financial security level. Furthermore, an increase in asset management ratios would result positively in both two dependent variables whereas a rise in sustainable growth and a decline in financial security ratio are expected to witness if there is an increase in cash flows.

• Earthquakes and Structures
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• v.14 no.6
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• pp.505-523
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• 2018

Static pushover analyses of typical existing reinforced concrete frames, designed according to the previous generations of design codes in Greece, have established these structures' inelastic characteristics, namely overstrength, global ductility capacity and available behaviour factor q, under planar response. These were compared with the corresponding demands at the collapse limit state target performance point. The building stock considered accounted for the typical variability, among different generations of constructed buildings in Greece, in the form, the seismic design code in effect and the material characteristics. These static pushover analyses are extended, in the present study, in the time history domain. Consequently, the static analysis predictions are compared with Incremental Dynamic Analysis results herein, using a large number of spectrum compatible recorded base excitations of recent destructive earthquakes in Greece and abroad, following, for comparison, similar conventional limiting failure criteria as before. It is shown that the buildings constructed in the 70s exhibit the least desirable behaviour, followed by the buildings constructed in the 60s. As the seismic codes evolved, there is a notable improvement for buildings of the 80s, when the seismic code introduced end member confinement and the requirement for a joint capacity criterion. Finally, buildings of the 90s, designed to modern codes exhibit an exceptionally good performance, as expected by the compliance of this code to currently enforced seismic provisions worldwide.

• Structural Engineering and Mechanics
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• v.61 no.1
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• pp.1-13
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• 2017

The effectiveness of the repair scheme for the damaged captive-columns with CFRPs (Carbon Fiber Reinforced Polymer) was investigated in terms of response quantities such as strength, ductility, dissipated energy and stiffness degradation. Two 1/3 scale, one-story one-bay RC (Reinforced Concrete) frames were designed to represent the substandard RC buildings in Turkish building stock. The first one, which is the reference specimen, is the bare frame without infill wall. Partial infill wall with opening was constructed between the columns of the second frame and this caused captive column defect. Severe damage was observed with the concentration of shear cracks in the second specimen columns. Then, the damaged members were repaired by CFRP wrapping and retested. For the three test series, similar reversed cyclic lateral displacement under combined effect of axial load was applied to the top of the columns. Overall response of the bare frame was dominated by flexural cracks. Brittle type of shear failure in the column top ends was observed in the specimen with partial infill wall. It was observed that former capacity of damaged members of the second frame was recovered by the applied repair scheme. Moreover, ultimate displacement capacity of the damaged frame was improved considerably by CFRP wrapping.

• Proceedings of the KSR Conference
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• 2006.11b
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• pp.786-790
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• 2006

Urban rail transit offers target performance and function because various lower part system such as rolling-stock, signal, power and trackis consisted as complex. In order to function properly an urban rail transit which is complicated system to work as safety and reliability, System must secure safety with structure, design, manufacture, install and verification and it is important to establish a safety standard follows it procedures, establish what step all it is important to operate. Safety standard of urban transit infrastructure is minimum standard necessary to secure safety of signal, power and track. Urban rail transit standard business leads to make many requirements. Recently, many types of equipment have applied to manage requirements and standards for system efficiently in part of universal, airline and car accordingly applied equipments use to manage a pursuit(Trace) between standard of system. Especially importance of management is emphasized more become more. Importance of standard management which usesa computing support tool recently in transit filed is embossed and is predicted to be more such forward. Therefore we propose the effective method of management with infrastructure system by constructed data-base system.

• Proceedings of the KSR Conference
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• 2006.11b
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• pp.791-795
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• 2006

Urban transit is one of the most effective ways for efficient operation and construction of an urban transit by composition system which is liked originally such as rolling-stock, power, signal and infrastructure. Urban rail transit system is running in domestic, imports major equipments from advanced countries and setup for maintenance. But it takes long time because it does each organizations and lines. Also, signal, power and track system apply different standard by each construction organizations it causes an increasing construction of cost accordingly it desperately needs a systematic countermeasure. Therefore standard specification of urban transit have been establishing and operatingfor efficient operation of urban transit and base technology security that is populace ride to become a base of state economy. After track, power and signal system will be announced. Standard specification become more, the importance of administrationof standards is emphasized more. Specification administrator’s the importance which use a computing support tool recently in railroad part in embossed and is predicted to be more such forward. Therefore we propose the effective method of management with track, power signal system by constructed data-base system.

• The Journal of the Institute of Internet, Broadcasting and Communication
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• v.19 no.3
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• pp.121-126
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• 2019

Recently IoT named Internet of Things technology is widely used throughout the industry. In this paper, a smart vending machine system is proposed to solve inconvenience of vending machine which is commonly seen. This allows users to purchase goods without cash and saves management costs by allowing vending machine managers to stock and sell conveniently. For the production of this smart vending machine, Analysis example using UML which is object-oriented analysis method and flowchart and screen design applying it are presented. Also this presented method is shown to being applied usefully for a guideline of building smart vending machine commercialization system based on IoT.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.383-390
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• 2021

This study investigates the effect of shareholders' rights, disclosure, and transparency on firm value. This study also investigates whether corporate social responsibility (CSR) is pure moderation or quasi moderation in the effect of shareholders' rights, disclosure, and transparency on firm value. This study's novelty is building a model framework to increase firm value and the role of CSR in increasing firm value. This study used secondary data provided by Indonesia, Malaysia, and Thailand Stock Exchanges. The sample of this study is 142 companies with four years of observations from 2012-2015. Firm value is measured by Tobin's Q. While shareholder's rights, disclosure, and transparency are measured using the ASEAN scorecard. The analysis method used in this study is a fixed effect model using a panel data approach. The result of this study shows that shareholders' rights have a significant positive effect on firm value. However, disclosure and transparency do not affect firm value significantly. In comparison, the CSR disclosure has a moderation effect on the relationship between shareholders' rights and firm value. The CSR disclosure does not have a moderation effect on the relationship between disclosure and transparency and firm value.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.7
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• pp.501-508
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• 2021

The largest source of revenue in Indonesia comes from the taxation sector. Taxes increase the state revenue, which the government utilizes for building public facilities and infrastructures, providing subsidies to the public, financing public interests, and so on. In addition to producing revenue, taxes may be used to promote economic stability. Thus, this study aims to examine and analyze the financial aspects of tax aggressiveness. The financial aspects include leverage, capital intensity, inventory intensity, and earning management. The population used in this study was manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. Data analysis was carried out based on Eviews, with a selected sample of 32 companies of four observation years. Therefore, the number of samples was 128. The results of this study revealed that the best estimation model to use is the Fixed Effect Model (FEM). This study proved that leverage and earning management had a positive and significant effect on tax aggressiveness. In contrast, capital intensity and inventory intensity did not affect tax aggressiveness. In addition, the result of this study is still far from perfect. It is, therefore, hoped that further research can add other variables to find better results.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.1
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• pp.237-246
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• 2021

This paper explores the relationship between price mechanism and flipping activity of initial public offerings (IPOs) in Pakistan's emerging economy. This study uses a cross-sectional data set of 95 firms listed on Pakistan Stock Exchange from 2000 to 2019. This study employs the ordinary least square and quantile regression techniques to capture the relationship between price mechanism and flipping activity. The results show that book-built IPOs flip substantially less than fixed-price IPOs. This is consistent with the signaling theory assertion that roadshows are arranged by underwriters to capture investors' demand and set the offer prices of IPOs. If investors learn the fair values of quality IPOs, then the offer prices will be close to the intrinsic values, thus reducing flipping. The findings also provide conclusive evidence for understanding the usefulness of and the more relevant information regarding the pricing mechanism. In particular, it provides a better understanding of how companies actually use the pricing mechanism information in the flipping of IPO shares. The results of this study are also valuable to underwriters, and regulators, for instance, provides underwriters with the discretion to allocate the IPO shares and the SECP, in revising regulation on the disclosure of IPO pricing methods.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.411-414
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• 2015

The purpose of this study is to conduct a comparative analysis between Korea and the United States of the supply process of unit modular housing at both the factory production phase and the transportation and lifting phase, as part of an attempt to invigorate the unit modular housing market in Korea. Unlike the practice in the United States, one of Korea's unique characteristics is that the floor is constructed with reinforced concrete and hot water heating system. To do this, the wet method in Korea is used that includes concrete placement, curing and constructing hot water floor heating system at the factory production phase, which results in a longer production time and also requires the lifting of heavier loads. In the United States, interior and exterior finishing works of modular housing are performed by different companies, and the distance between the unit module factory and the construction site is quite far. This kind of dualized production structure may cause confusion when it comes to schedule management, procurement management, and stock management. Moreover, problems caused by external environmental factors such as wind and rainfall were reported in the course of long-distance transportation. The results of this case comparison are expected to provide fundamental data that will reduce the amount of trial and error in the unit module production, transportation and lifting work in Korea, which has a comparatively small number of unit modular housing cases.