• Journal of the Korea Concrete Institute
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• v.25 no.6
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• pp.593-599
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• 2013

The unrestrained shrinkage strain of alkali-activated (AA) slag concrete was examined and compared with design equations specified in code provisions and empirical equations proposed by Yang et al. The main parameters investigated were the water-to-binder ratio (W/B), unit water content and fine aggregate-to-total aggregate ratio (S/a). Test results revealed that shrinkage strain of AA slag concrete is nearly proportional to the W/B ratio, whereas its time function is independent of the W/B ratio. The shrinkage strain of AA slag concrete increased significantly when the unit water content is above $185kg/m^3$, whereas it is marginally affected by the S/a ratio. The design equation of ACI 209 considerably overestimates the shrinkage behavior of AA slag concrete, whereas CEB-FIP equation tends to underestimate the shrinkage at the age more than 28 days. The empirical equation of Yang et al. is in better agreement with test results, showing that values of mean and standard deviation of error coefficients obtained from each specimen are 016 and 0.07, respectively.

• Journal of the Korean Society of Marine Environment & Safety
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• v.20 no.3
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• pp.323-333
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• 2014

In this paper, the wakes behind a square cylinder were simulated using two kinds of different turbulence models for the eddy viscosity concept such as the zero- and the one-equation model in which the former is the mixing length model and the latter is the k-equation model. For comparison between numerical and analytical solutions, we employed three skill assessments: the correlation coefficient(r) for the similarity of the wake shape, the error of maximum velocity difference(EMVD) for the accuracy of wake velocity and the ratio of drag coefficient(RDC) for the pressure distribution around the structure. On the basis of the numerical results, the feasibility of each model for wake simulation was discussed and a suitable value for the empirical constant was suggested in these turbulence models. The zero-equation model, known as the simplest turbulence model, overestimated the EMVD and its absolute mean error(AME) for r, EMVD and RDC was ranging from 20.3 % to 56.3 % for all test. But the AME by the one-equation model was ranging from 3.4 % to 19.9 %. The predicted values of the one-equation model substantially agreed with the analytical solutions at the empirical mixing length scale $L=0.6b_{1/2}$ with the AME of 3.4 %. Therefore it was concluded that the one-equation model was suitable for the wake simulation behind a square cylinder when the empirical constant for eddy viscosity would be properly chosen.

• Structural Engineering and Mechanics
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• v.86 no.4
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• pp.547-571
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• 2023

To deeply probe the actual earthquake level and fragility of typical reinforced concrete (RC) structures under multiple intensity grades, considering diachronic measurement building stock samples and actual observations of representative catastrophic earth shocks in China from 1990 to 2010, RC structures were divided into traditional RC structures (TRCs) and bottom reinforced concrete frame seismic wall masonry (BFM) structures, and the empirical damage characteristics and mechanisms were analysed. A great deal of statistics and induction were developed on the historical experience investigation data of 59 typical catastrophic earthquakes in 9 provinces of China. The database and fragility matrix prediction model were established with TRCs of 4,122.5284×104 m² and 5,844 buildings and BFMs of 5,872 buildings as empirical seismic damage samples. By employing the methods of structural damage probability and statistics, nonlinear prediction of seismic vulnerability, and numerical and applied functional analysis, the comparison matrix of actual fragility probability prediction of TRC and BFM in multiple intensity regions under the latest version of China's macrointensity standard was established. A novel nonlinear regression prediction model of seismic vulnerability was proposed, and prediction models considering the seismic damage ratio and transcendental probability parameters were constructed. The time-varying vulnerability comparative model of the sample database was developed according to the different periods of multiple earthquakes. The new calculation method of the average fragility prediction index (AFPI) matrix parameter model has been proposed to predict the seismic fragility of an areal RC structure.

• Journal of the Korea Institute of Building Construction
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• v.23 no.5
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• pp.619-628
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• 2023

This study undertook a empirical analysis, delving into the association between the direct construction approach and the construction quality of general construction companies. The research hinged on corporate financial data to elucidate the premise that a reduced emphasis on direct construction approach by general construction companies correlates with a notable prevalence of building defects. Specifically, the analysis engaged with the top 100 construction companies based on their construction capability evaluation in 2022. This appraisal leveraged the Empirical Research Model(ERM) rooted in financial data-sets spanning 2017 to 2021. Findings underscored that as the ratio of direct construction approach diminishes, the incidence of building defects amplifies, signifying a consequential dip in construction quality. Moreover, the research reaffirmed that companies with elevated construction capability evaluations or larger organizational scales tend to register decreased defect rates. This study fortifies, from a theoretical perspective, the legislative imperatives championing direct construction approach, by empirically spotlighting the potential perils of over-reliance on subcontracting.

• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.233-254
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• 2023

Purpose - This study aims to verify whether the effect of tax avoidance on corporate value is non-linear in the Korean financial markets. Design/methodology/approach - This study believes that the cause of the inconsistent empirical analysis results of previous studies that verified the relationship between tax avoidance and firm value may be an error in assuming linearity, and verifies whether a nonlinear relationship exists. The sample company in this study is a December settlement corporation listed on the Korean stock market, and the analysis period is from 2000 to 2021. In the empirical analysis model, Tobin's Q is used as a proxy for corporate value, tax avoidance is used as the main independent variable, and a regression model is designed with corporate size, growth rate, and debt ratio set as control variables. Findings - As a result of the empirical analysis, it can be confirmed that there is an inverted U-shaped nonlinear relationship between tax avoidance and corporate value. In the additional analysis using Ohlson (1995) firm valuation model for the robustness of the results of the empirical analysis, the same nonlinear value relationship between tax avoidance can be confirmed. Research implications or Originality - This study is considered to be meaningful in that it verifies the non-linear relationship of tax avoidance, which has not been attempted in previous studies. The meaning of the inverted U-shaped nonlinear relationship presented in this study is that corporate tax avoidance acts as a factor that increases corporate value up to a certain level, but rather becomes a factor that decreases corporate value when it exceeds a critical point. These results are expected to provide new perspectives and perspectives on tax avoidance to companies belonging to the Korean capital market.

• KDI Journal of Economic Policy
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• v.37 no.sup
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• pp.87-121
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• 2015

To attract more FDI inflows, the Korean government has designated several special economic zones (SEZs), offering various advantages and support to the FDI. There is, however, a shared acknowledgement that those efforts have gained little reward. In this regard, this paper empirically analyzes company-level performances of labor productivity, operating profit ratio, propensity to invest and innovate, etc. and then conducts regression analysis and PSM analysis to see whether these performances are meaningfully different between foreign-invested firm and domestic firm and between foreign-invested firms. The main findings of this paper are as follows. First, in the aspects of labor productivity and operating profit ratio, no empirical evidence was found to support the hypothesis that foreign-invested firm outperforms domestic firm in efficiency and profitability, Second, in the aspects of propensity to invest, foreign-invested firms in foreign investment zones outperformed domestic firms. Third, in the aspect of R&D investment, overall, foreign-invested firms showed a stronger propensity to invest than domestic firms, but there is no empirical evidence that high propensity to invest was driven by the policy on special economic zones. In the aspect of investment in educational training, empirical evidences were found that the role of foreign-invested firms outside the special zones turned out to be the strongest and that among firms inside special zones, it was those in the free economic zone that outperformed domestic firms. Lastly, foreign-invested firms showed a stronger propensity to employ than domestic firms, but there is no empirical evidence that high propensity to employ was driven by the policy on special economic zones.

• Korean Journal of Remote Sensing
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• v.36 no.2_2
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• pp.309-323
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• 2020

Estimation of chlorophyll a concentration (CHL) on coastal areas using remote sensing has been mostly performed through multi-spectral satellite image analysis. Recently, various studies using hyperspectral imagery have been attempted. In particular, airborne hyperspectral imagery is composed of hundreds of bands with a narrow band width and high spatial resolution, and thus may be more effective in coastal areas than estimation of CHL through conventional satellite image. In this study, comparative analysis of hyperspectral and satellite-based CHL images was performed to estimate CHL in coastal areas. As a result of analyzing CHL and seawater spectrum data obtained by field survey conducted on the south coast of Korea, the seawater spectrum with high CHL peaked near the wavelength bands of 570 and 680 nm. Using this spectral feature, a new band ratio of 570 / 490 nm for estimating CHL was proposed. Through regression analysis between band ratio and the measured CHL were generated new CHL empirical formula. Validation of new empirical formula using the measured CHL showed valid results, with R² of 0.70, RMSE of 2.43 mg m^-3, and mean bias of 3.46 mg m^-3. As a result of applying the new empirical formula to hyperspectral and satellite images, the average RMSE between hyperspectral imagery and the measured CHL was 0.12 mg m^-3, making it possible to estimate CHL with higher accuracy than multi-spectral satellite images. Through these results, it is expected that it is possible to provide more accurate and precise spatial distribution information of CHL in coastal areas by utilizing hyperspectral imagery.

• Journal of the Korean Geotechnical Society
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• v.32 no.11
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• pp.83-96
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• 2016

The surface settlement of the back ground of a braced wall due to the ground excavation has the great influence on the safety of the surrounding area. But it is not easy to predict the settlement of the surrounding area due to proud excavation. Estimation of the settlement of the surface ground induced by the deformation of the braced wall is performed by FEM and empirical method (Peck, Clough etc). In this research, surface settlement of the back ground braced wall depending on the joint dips in rocks during excavating the composit ground was measured at the large scale model test (standard: $0.3m{\times}0.3m{\times}0.5m$). The scale of model test was 1/14.5 and the ground was excavated in ten steps. Earth pressure on the braced wall and ground surface settlement on the back ground of a braced wall were investigated. The surface settlement during the excavation depended on the joint dips in rocks on of the ratio of rock layer. Maximum earth pressure and maximum surface settlement were masured at the same excavation step. In accordance with the increase of the rock layer dips and rock layer ratio, the ground surface settlement increased. The maximum ground surface settlement was 17 times larger at 60 degree joint dips in rocks than that of the horizontal ground conditions. And the position of the maximum surface settlement by empirical method was calculated at the point, which was 17%~33% of excavation depth. In accordance with the increase of the rock layer dips and rock layer ratio, the ground maximum surface settlement increased. The ground surface settlement of composite ground is smaller than that of the empirical.

• Journal of Korean Tunnelling and Underground Space Association
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• v.19 no.6
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• pp.999-1012
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• 2017

Theoretical, empirical and numerical methods are used to evaluate the rock load due to tunnelling. Theoretical and empirical methods do not consider ground conditions, tunnel shape, and construction conditions. However, through numerical analysis, it is possible to analyze the displacement and stresses around tunnel due to its excavation, and evaluate the rock load considering ground and construction conditions. The stress transfer ratio(e) which is defined as a ratio of the difference between the major and minor principal stresses to major principal stress is used in order to understand the stress transfer effect around the tunnel excavation using numerical analysis results. The loosend area around tunnel periphery was found based on this approach. The difference of rock load from stress transfer effect was found according to the ground grade. From comparison, rock load obtained from stress transfer effect (e = 10%) were somewhat larger than the results obtained from the critical strain method, but smaller than those obtained from theoretical and empirical methods. The stress transfer effect approach considers the ground condition, tunnel shape; therefore, it can be applied to evaluate the rock load in concrete lining design.

• The Journal of the Korea Contents Association
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• v.18 no.3
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• pp.557-567
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• 2018

This paper studies the relationship between general investors' allotment ratio and underpricing for the companies that were newly listed in KOSDAQ market after the 20% rule, from March 2004 to December 2013, by empirical analysis. It is shown that the excess allotment ratio over 20% has a strong explanatory power for underpricing ratio under the 1% significance level. Furthermore, the general investors' allotment ratio is a significant explanatory variable of underpricing ratio under the 5% significance level. There are many hypotheses about underpricing, however, if underpricing is evident with high allocation ratio for general investors, it can be regarded as a signal of company's confidence in earnings after listing. In conclusion, this study reveals that general investors' allotment ratio can be used as a major explanatory variable that has a significant effect on the degree of undervaluation in the IPO market.