• Title/Summary/Keyword: influence of structure

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Corporate Governance and Capital Structure Decisions: Evidence from Chinese Listed Companies

  • VIJAYAKUMARAN, Sunitha;VIJAYAKUMARAN, Ratnam
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.67-79
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    • 2019
  • This study examines the impact of corporate governance on capital structure decisions based on a large panel of Chinese listed firms. Using the system Generalized Method of Moments (GMM) estimator to control for unobserved heterogeneity, endogeneity, and persistency in capital structure decisions, we document that the ownership structure plays a significant role in determining leverage ratios. More specially, we find that managerial ownership has a positive and significant impact on firms' leverage, consistent with the incentive alignment hypothesis. We also find that managerial ownership only affects the leverage decisions of private firms in the post-2005 split share reform period. State ownership negatively influence leverage decisions implying that SOEs may face fewer restrictions in equity issuance and may receive favourable treatments when applying for seasoned equity ¿nancing, thus use less debt. Furthermore, our results show that while foreign ownership negatively influences leverage decisions, legal person shareholding positively influences firms' leverage decisions only for state controlled firms. We also find that the board structure variables (board size and the proportion of independent directors) do not influence firms' capital structure decisions. Our findings suggest that recent ownership reforms have been successful in terms of providing incentive to managers through managerial shareholdings to take risky financial choices.

About the Influence of the Molecular Structure of selected classes of small molecules on their thermal behavior

  • Richter, Andreas M.;Lischewski, Volker;Felicetti, M.
    • 한국정보디스플레이학회:학술대회논문집
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    • 2004.08a
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    • pp.812-815
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    • 2004
  • The molecular structure influences the thermal behavior of HTM. For OLED the glass transition temperature and evaporation temperature are critical. We report how changes in structure cause changes on both parameters. The results may be of interest for chemists when they design new molecule structures for OLED.

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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.

Derivation of risk factors according to accident cases related to subway structures

  • Park, Hyun Chul;Park, Young Gon;Pyeon, Mu Wook;Kim, hyun ki;Yoon, Hee Taek
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.39 no.5
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    • pp.329-341
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    • 2021
  • This study derives the risk-Influence factors for subway structures, the basis for the transition from the current subway disaster recovery-oriented maintenance system to a preemptive disaster management system, to reduce risk factors for existing subway structures. To apply reasonable risk assessment techniques, risk influence factors for subway underground structures using statistical information(spatial information) and risk influence factors according to frequency of accidents were selected to derive the risk factors. The significant risk factors were verified through ground subsidence (SI: Subsidence Impact)-based correlation analysis. This process confirmed that the subsidence of the ground was a risk influence factor for the subway structure. The main result of this study is that derive the risk factors to improve the risk factors of subway structures due to the rapid increase in disaster risk factors. The derived risk factors that were expected to affect the depression around subway stations and track structures did not show a noticeable correlation, but the cause of this may be that there is no physical connection between them, but on the other hand, the accumulated data may not accurately record the surrounding depression. Accordingly, in order to evaluate the risk of depression around the station and track, more intensive observation and data accumulation around the structure are required.

Influence of structure coupling effect on damping coefficient of offshore wind turbine blades

  • Zhang, Jianping;Gong, Zhen;Li, Haolin;Wang, Mingqiang;Zhang, Zhiwei;Shi, Fengfeng
    • Wind and Structures
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    • v.29 no.6
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    • pp.431-440
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    • 2019
  • The aim of this study was to explore the influence of structure coupling effect on structural damping of blade based on the blade vibration characteristic. For this purpose, the scaled blade model of NREL 5 MW offshore wind turbine was processed and employed in the wind tunnel test to validate the reliability of theoretical and numerical models. The attenuation curves of maximum displacement and the varying curves of equivalent damping coefficient of the blade under the rated condition were respectively compared and analyzed by constructing single blade model and whole machine model. The attenuation law of blade dynamic response was obtained and the structure coupling effect was proved to exert a significant influence on the equivalent damping coefficient. The results indicate that the attenuation trend of the maximum displacement response curve of the single blade varies more obviously with the increase of elastic modulus as compared to that under the structure coupling effect. In contrast to the single blade model, the varying curve of equivalent damping coefficient with the period is relatively steep for the whole machine model. The findings are of great significance to guide the structure design and material selection for wind turbine blades.

The Behavior of RC Columns on the Variation of Performance Influencing Factor (성능영향인자 변화에 따른 철근 콘크리트 기둥의 거동)

  • Yun, Sung-Hwan;Choi, Min-Choul;Park, Tae-Hyo
    • Proceedings of the Korea Concrete Institute Conference
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    • 2008.04a
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    • pp.281-284
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    • 2008
  • Performance evaluation exposing the performance of structure is affected by the material and structural characteristics. these should be necessary for the analysis about the effect of structure performance. Thus, to evaluate the structural performance affected the material properties and structural characteristics, firstly it is conducted the eigenvalues analysis and non-linear static analysis of the structure, secondly it is analyzed the performance influence factor of the structure. The performance influence factors affecting the performance of structure divided into five classes(strength of concrete, longitudinal and transverse reinforcement, aspect ratio, axial force). From the result of analysis about the change of performance influence factor, the more the strength of concrete is increasing, the more the maximum shear force is increasing and the yield displacement is not changed, the more longitudinal reinforce is increasing, the more yield displacement and the maximum basis shear force is increasing, the more the transverse reinforce is increasing, the change of maximum basis shear force is trivial. The yield displacement of structure is increasing and the maximum basis shear force is decreasing by increasing the aspect ratio, the more the axial force increases, the more yield displacement and maximum basis shear force decease.

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A Study on Fatigue strength by hardenability of Boron Addition Steel (보론 첨가강의 경화기구에 따른 기계적 성질에 관한 연구)

  • Lee, Jong-Hyung;Yoo, Duck-Sang;Park, Shin-Kyu
    • Journal of the Korean Society of Industry Convergence
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    • v.6 no.4
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    • pp.299-305
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    • 2003
  • This research is for the relationship with heat treatment cooling temprature and the characteristic of Mechanical properties of Boron-Addition-Steel, the main material and SM25C steel, the sub material, structure viewing fractography, hardness test, tensite test and are carried out after the manufacturing small-specimen treated with heat of $750^{\circ}C$, $850^{\circ}C$, $1050^{\circ}C$. The influence to the Mechanical properties accompanied by AISI51B20, Boron-Addition-steel shows the following result. 1. The influenc of heat treatment by the content of cabon-steel is dominant. Addition of boron result is Strengthening structure effectively by segregation and improving over all mechanical characters such as good. it results from the increase of temacity by the stability of inter granular with improvement of harden-ability. 2. Boron-Addition-Steel exist in the from of martensite structure accompanied by the ferrite precipitition centering around grain boundary, and is improved to Hv 200. 3. The height of harden-ability and fatigue stress the influence of heat results from crystal structure of martensite by difference of strength level in the structure of ferrite and doesn't have am effect on sensibility of temperature, and turns out to defend on production and growth of Matrix-structure-factor.

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An Analysis of Influence of Organizational Structure and Corporate Culture (경영조직구조(經營組織構造)와 기업문화(企業文化)의 관련성(關聯性)에 관한 연구(硏究))

  • Heo Kap-Soo
    • Management & Information Systems Review
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    • v.11
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    • pp.1-21
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    • 2002
  • Corporate culture is being recognized as essential managerial resources in the future business management and in recently the attempts, though weak, of developing the corporate culture which is corresponded with their own structure and needs are being carried on by some major companies. Then, corporate culture research, drawing attention in nowadays, indicates that it attempts to analyze and search the organization matters in the basical dimension in regard to the assumptions, values and beliefs of organization and provides the solution of organizational negative effects, which have not been settled in the previews research methods of organizational behavior, and that present turbulent management environment demands the whole conversion from the previews hard style to the soft managerial style. For this reason, this study aim at identifying organizational structure and corporate culture in the business group. Futhermore, the influence of organizational structure and organizational culture are examined. The objective of this paper attempts to analyze the ways and results of strong and special culture on the organizational structure and culture. To accomplish this purpose, this study gathers in-depth data form various secondary courses. First, uncertainties in market and technology are the main sources of mimetic isomorphism. Due to the high level of uncertainty is market and technologies. Smallness in size is responsible for the low level of complexity in organizational structure. The rapid changes in market, contents of service, and tastes of customers are responsible for the low level of formalization, which enhances swift decision making and responses.

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Nonlinear numerical analysis of influence of pile inclination on the seismic response of soil-pile-structure system

  • Lina Jaber;Reda Mezeh;Zeinab Zein;Marc Azab;Marwan Sadek
    • Geomechanics and Engineering
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    • v.34 no.4
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    • pp.437-447
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    • 2023
  • Inclined piles are commonly used in civil engineering constructions where significant lateral resistance is required. Many researchers proved their positive performance on the seismic behavior of the supported structure and the piles themselves. However, most of these numerical studies were done within the framework of linear elastic or elastoplastic soil behavior, neglecting therefore the soil non-linearity at low and moderate soil strains which is questionable and could be misleading in dynamic analysis. The main objective of this study is to examine the influence of the pile inclination on the seismic performance of the soil-pile-structure system when both the linear elastic and the nonlinear soil models are employed. Based on the comparative responses, the adequacy of the soil's linear elastic behavior will be therefore evaluated. The analysis is conducted by generating a three-dimensional finite difference model, where a full interaction between the soil, structure, and inclined piles is considered. The numerical survey proved that the pile inclination can have a significant impact on the internal forces generated by seismic activity, specifically on the bending moment and shear forces. The main disadvantages of using inclined piles in this system are the bending forces at the head and pile-to-head connection. It is crucial to account for soil nonlinearity to accurately assess the seismic response of the soil-pile-structure system.

A Study on the Quantitative Analysis and Estimation for Surround Building caused by Vapor Cloud Explosion(VCE) in LPG Filling Station (LPG충전소에서 증기운폭발이 주변건물에 미치는 영향의 정량적 해석 및 평가에 관한 연구)

  • Leem, Sa-Hwan;Huh, Yong-Jeong
    • Journal of the Korean Society of Safety
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    • v.25 no.1
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    • pp.44-49
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    • 2010
  • This paper is estimation of structure damage caused by Explosion in LPG(Liquefied Petroleum Gas) filling station. As we estimate the influence of damage which occur at gas storage tank in filling station. We can utilize the elementary data of safety distance. In this study, the influence of over-pressure caused by VCE(Vapor Cloud Explosion) in filling station was calculated by using the Hopkinson's scaling law and the accident damage was estimated by applying the influence on the adjacent structure into the probit model. As a result of the damage estimation conducted by using the probit model, both the damage possibility of explosion overpressure to structures of max 265 meters away and to glass bursting of 1150 meters away was nearly zero in open space explosion.