• KSCE Journal of Civil and Environmental Engineering Research
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• v.36 no.4
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• pp.627-635
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• 2016

Recently, several construction projects have been built to create residential area, industrial complex and agricultural land on reclaimed on- and offshore regions. Estimating the quantity of filling materials during reclamation is the most curcial factor of the total construction cost of reclamation project. However, the estimation of loss ratio, defined as the ratio of loss amount to overall dumped amount, mostly depends on the empirical methods and formulae based on the material characteristics due to the lack of sufficient literature about the loss ratio according to hydraulic conditions. In this studies the loss ratio of materials considering flow conditions and material characteristics were examined through hydraulic experiments. A series of hydraulic experiments was conducted using five different hydraulic conditions and two types of materials such as sand and anthracite in a horizontal rectangular flume ($13.0m{\times}5.0m{\times}0.10m$), in which a round type revetment was installed. It is found that the loss ratio generally tends to increase with increasing the particle Froude number regardless of the types of materials. Also, when the flow velocity(u) becomes higher than the critical flow velocity ($u_c$), the loss ratios of sand and anthracite are dramtically increased up to 7.4% and 24.4%, respectively. As a future work, more specific mean velocities will be considered to figure out the loss ratio and more accurate estimation of amount of filling materials will be possible to present with confidence.

• Journal of Veterinary Clinics
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• v.29 no.4
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• pp.301-305
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• 2012

The purpose of the present study was to prove our empirical tendency of relatively high small intestinal diameter (SI) to fifth lumbar vertebral height (L5) ratio, which has been used in dogs. In this study, the ratio of SI/L5 was determined in small breed dogs weighing less than 5 kg. In addition, the effect of large volume of contrast media on the intestinal dilation was determined by performing upper gastrointestinal contrast study. Abdominal radiography and upper gastrointestinal series were performed in twelve healthy dogs weighing less than 5 kg. Small intestinal diameter (SI), fifth lumbar vertebral height (L5), and twelfth rib diameter were measured on abdominal radiographs. The range of values of SI/L5 is from 1.03 to 2.26 in plain radiography, and from 1.55 to 2.5 in contrast studies. Contrast agent significantly increased small intestinal diameter, and could be considered as mildly dilated intestinal model. Therefore, a value of 2.1 for SI/L5 is recommended as the upper limit of the normal range suggesting nonobstructive intestinal dilation.

• Journal of Veterinary Clinics
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• v.29 no.5
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• pp.391-394
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• 2012

The purpose of the present study was to prove our empirical tendency of relatively high small intestinal diameter (SI) to fifth lumbar vertebral height (L5) ratio, which has been used in dogs. In this study, the ratio of SI/L5 was determined in small breed dogs weighing less than 5 kg. In addition, the effect of large volume of contrast media on the intestinal dilation was determined by performing upper gastrointestinal contrast study. Abdominal radiography and upper gastrointestinal series were performed in twelve healthy dogs weighing less than 5 kg. Small intestinal diameter (SI), fifth lumbar vertebral height (L5), and twelveth rib diameter were measured on abdominal radiographs. The range of values of SI/L5 is from 1.03 to 2.26 in plain radiography, and from 1.55 to 2.5 in contrast studies. Contrast agent significantly increased small intestinal diameter, and could be considered as mildly dilated intestinal model. Therefore, a value of 2.1 for SI/L5 is recommended as the upper limit of the normal range suggesting nonobstructive intestinal dilation.

• 산업혁신연구
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• v.36 no.1
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• pp.133-163
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• 2020

This study is designed to see whether overpriced IPO is caused from firm's earnings management, and how effects this to IPO firm's long-term performance. To examine addressed above, we take a look into how firm's earning quality listing on Korea Exchange in 2007 through 2016 is related with long-term stock performance post IPO. Especially, we measure how associated the disparate ratio between offer price and fair price with earnings quality and long-term performance. To examine these three factors, 'three-step mediated regression analysis method' is used. Earnings quality's calculated by discretionary accruals. Disparate ratio is calculated with offer price and estimating share price's rate measured by applying relative valuation model. To sum up, it is as follows. At first, as earnings quality gets high, the disparate ratio between offer price and fair price gets reduced. Secondly, as earnings quality gets high, firm's long term stock performance follows high. At last, as the disparate ratio between offer price and fair price gets increased, firm's long-term stock performance gets decreased. Moreover, mediation effect of the disparate ratio between offer price and fair price is partially found. Thus, it addresses that raised earnings revision before listing is resulted in overpricing of the IPO, and it also leads to poor long term stock performance. This study contributes that empirical analysis is applied to examine long-term under performance using disparate ratio between offer price and fair price. Moreover, this is useful not only to alert investors to risky investing pattern, but to provide informative reference to financial institutions in making policies or decisions about IPO.

• The Korean Journal of Financial Management
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• v.23 no.2
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• pp.57-83
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• 2006

The purpose of this paper is to analyze the efficiency and productivity change and inefficiency cause of the korean non-life insurance companies of the before($1993{\sim}1996$) and after($1998{\sim}2004$) of IMF. we use DEA (Data Envelopment Analysis) model to measure company efficiency and MPI(Malmquist productivity indices) to measure company productivity change and Tobit regression to analyze inefficiency cause. we utilize ten non-life insurance companies in korea and the time-series data for eleven from 1993 to 2004 except 1997. The empirical results show the following findings. First, total cost efficiency shows that the after of IMF decrease of 3.7% over the before of IMF and MPI change indicates that the after of IMF increase 7.7% over the before IMF. Second, the results of Tobit regression to analysis the cause of inefficiency show that total cost efficiency is positively related invested assets, acquisition expenses ratio, collection expenses ratio and is negatively related solicitors ratio, personnel expenses ratio, land & buildings expenses ratio, loss ratio, net operating expenses ratio. Especially inefficiency of small-to-mid sized companies is main cause of total cost efficiency of non-life insurance companies in korea. Small-to-mid sized companies endeavored various aspects of business strategies.

• Management & Information Systems Review
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• v.34 no.3
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• pp.101-123
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• 2015

Amidst the growing uncertainty in external environments, securing and retaining superior human resources is becoming emphasized as a key means for organizations to achieve competitive advantages. Particularly, star employees-human resources that are characterized by their ability to create extraordinary performance relative to other peers-are increasingly gaining attention in both academia and industry because of its importance in knowledge-based industries. However, despite the prevailing recognition for star employees, few previous literature have attempted to empirically test the direct relationship between the ratio of star employees in an organization and organizational performance. Considering both the potential for positive and negative influence of star employees on organizations, the relationship between the ratio of star employees and organizational performance can not only be a simple linear relationship but can also exist in a curvilinear form. Building on the existing literature on star employees, this paper establishes competing hypotheses for the two possibilities of curvilinear relationship; as the ratio of star employees increases, marginal effects can either increase (i.e., U-shaped curvilinear relationship) or decrease (i.e., inverted U-shaped curvilinear relationship). Employing an unbalanced panel data of 35 Korean brokerage firms between years 2008 and 2013 with 134 observations, the relationship between the ratio of best analysts (i.e. star employees) as selected by Maeil Business Newspaper and financial performance (i.e. organizational performance) of corresponding brokerage firms is examined. Empirical results indicate that while organizational performance increases as the ratio of star employees increases, its positive effect diminishes over time which provides support for the curvilinear relationship with decreasing marginal effects. Our research findings imply that star employees create value in knowledge-based industries; at the same time, implications are given as results calls for caution for excessive dependence on star employees beyond a certain level.

• International Area Studies Review
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• v.13 no.3
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• pp.527-549
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• 2009

This paper investigates the relation of invert U-shape between the M/B ratio and leverage ratio by market, firm size, and a level of technology of firm. Our sample consists of 510 manufacturing firms continually listed on the Korea Securities Market and Kosdaq Market from January 1, 2001 to December 31, 2008. The total sample consists of the Korea Securities Market(large firms, high technology industry) sample of 2,248(1,816, 1,704) observations and the Kosdaq Market(small and medium firms, high technology industry) sample of 1,632(2,264, 2,376) observations. The empirical results show that the relation of invert U shape appears on the sample of the Kosdaq Market, small and medium firms, and high technology industry. However, the relation doesn't appear on the sample of the Korea Securities Market, large firms, and low technology industry. These mutually different results may be caused by the relatively low M/B ratio of the latter.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.30 no.2C
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• pp.85-93
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• 2010

The shear stiffness has become an important design parameter to understand the soil behavior. In particular, the elastic moduli and void ratio has been considered as important parameters for the design of the geotechnical structures. The objective of this paper is the development of the penetration type Field Velocity and Resistivity Probe (FVRP) which is able to assess the elastic moduli and void ratio based on the elastic wave velocities and electrical resistivity. The elastic waves including the compressional and shear wave are measured by piezo disk elements and bender elements. And the electrical resistivity is measured by the resistivity probe, which is manufactured and installed at the tip of the FVRP. The penetration tests are carried out in calibration chamber and field. In the laboratory calibration chamber test, after the sand-clay slurry mixtures are prepared and consolidated. The FVRP is progressively penetrated and the data are measured at each 1 cm. The field experiment is also carried out in the southern part of Korea Peninsular. Data gathering is performed in the depth of 6~20 m at each 10 cm. The elastic moduli and void ratio are estimated based on the analytical and empirical solutions by using the elastic wave velocities and electrical resistivity measured in the chamber and field. The void ratios based on the elastic wave velocities and the electrical resistivity are similar to the volume based void ratio. This study suggests that the FVRP, which evaluates the elastic wave velocities and the electrical resistivity, may be a useful instrument for assessing the elastic moduli and void ratio in soft soils.

• Proceedings of the KSME Conference
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• 2007.05b
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• pp.1997-2002
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• 2007

The reformer is one of the most important chemical processes for the production of high purity hydrogen from fossil fuel. This study compares zero-dimensional model with CFD models for reaction analysis of methane-steam reformer. The zero-dimensional model is an empirical equation, however CFD model uses reactions of Arrhenius type. Because the reaction coefficients of the steam-methane catalytic reforming have not been reported before in the form of Arrhenius type, the present study aims to find the appropriate reaction coefficients. The used CFD code is Fluent 6.2 version. Several models are compared for the case of various operating temperature, mass of catalyst and steam to methane ratio.

• Structural Engineering and Mechanics
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• v.14 no.3
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• pp.365-380
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• 2002

Following a series of experiments on isolated low-rise RC shear walls with openings, a theoretical study on the backbone curve of a perforated shear wall shows that there are some important observations from experimental results that make clear a semi-empirical formula of the backbone curve of a perforated wall. Critical shear zones can be depicted from the configuration of shear walls with openings. Different factors, including the size and location of shear wall openings, the wall's height/width ratio, horizontal and vertical steel bar ratios, and location and amount of diagonal steel bars are involved in the derivation of the backbone curve. Bending and shear effects are also considered in the paper. In addition, a comparison of load and displacement for solid and perforated shear walls is discussed. Generally, the comparison between experimental curves and computed backbone curves is favorable.