• Title/Summary/Keyword: split

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Stock Splits and Trading Behavior of Investors (주식분할과 투자자 매매행태)

  • Park, Jin-Woo;Lee, Min-Gyo
    • Asia-Pacific Journal of Business
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    • v.11 no.4
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    • pp.317-332
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    • 2020
  • Purpose - This study examines the information effect and trading behavior of investors for the 430 stock split data from January 2004 to June 2018 in the Korean stock market. Design/methodology/approach - The stock split samples are classified into two groups by split ratio as well as three groups by price level prior to split. We also investigate the trading behavior of investors categorized by institutional versus individual investors. Findings - First, we find a significantly positive information effect on the announcement day. In particular, the information effect is more distinct in the group of larger split ratio and higher price level of stocks. Second, we find a huge increase in turnover following the stock splits, which mainly results from the trading by individual investors. Also, the increase in turnover by individual investors is evident in the group of larger split ratio and higher price level of stocks. Third, the stock splits have a negative impact on the long-term stock performance. The negative buy-and-hold abnormal return(BHAR) makes no difference in the groups by split ratio as well as price level of stocks. Lastly, we find individual investors tend to buy splitted stocks, which exhibit the long-term under-performance. Research implications or Originality - The results in this paper suggest that the liquidity hypothesis is not supported in the Korean stock splits. In addition, we observe that individual investors are exposed to losses due to their unfavorable trading behavior following the stock split.

Influence of Nitrogen and Potassium Split Application on the Physiological Characteristics of Paddy Rice in Sandy Gravel Soil (사역토에서 질소, 가리분시가 수도의 생리적 특성에 미치는 영향)

  • 박경배
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.22 no.2
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    • pp.42-47
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    • 1977
  • Experiment was conducted to find out the influence of nitrogen and potassium split application on the yield and physiology of rice plants in a sandy-gravel soil. Nitrogen and potassium mixed application, nitrogen split application, and potassium split application increased yield of rice by 22, 20, and 18%, respectively, compared to conventional fertilizer application. Nitrogen split application increased chlorophyll content and potassium split application increased root activity. Concentration of silica, magnesium, and calcium was increased by the mixed split application of nitrogen and potassium.

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Effect of Nitrogen Split Application Methods on Development of Vascular Bundle and Yield Components of Rice Cultivars

  • Lee, Dong-Jin;Chae, Je-Cheon
    • KOREAN JOURNAL OF CROP SCIENCE
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    • v.45 no.4
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    • pp.237-240
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    • 2000
  • This experiment was conducted to evaluate the effect of split application of nitrogen(N) on development of vascular bundle(VB) and yield components of rice. Two cultivars were used in this study; IR58, an indica type and Shinunbongbyeim a japonica type. The number and total cross sectional area of the VB in the peduncle and leaf blade were more and bigger in N split application than 100 percent basal fertilizer. Nitrogen split application at necknode differentiation stage increased the number and size of the VB. Nitrogen split application resulted in increased panicle number with application of N before transplanting and at tillering stage; increased spikelets number with N application at necknode differentiation stage; and increased spikelet fertility and 1000 grain weight with N application at necknode differentiation and heading stages. Grain yield increased 7-10% in N split as compared to all basal application. The total cross sectional area of VB in peduncle closely correlated with the number of spikelets per panicle. Nitrogen management can have an impact on spikelet differentiation through more and bigger VB and increase grain yield potential.

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Comparison of Model Results for Variation and Resolution of Meteorological Field Using HY-SPLIT (기상장의 종류와 해상도에 따른 HY-SPLIT 모델의 결과 비교)

  • Lee, Chong-Bum;Park, Sang-Jin;Kim, Jea-Chul;Jang, Yun-Jung
    • Journal of Environmental Impact Assessment
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    • v.19 no.3
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    • pp.223-230
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    • 2010
  • Trajectory dispersion models are used for the dispersion calculations in air quality assessments, Yellow-sand modeling, environmental planning and the emergency response. Meso-scale forcing and coastal circulations are calculated by trajectory model in the East Asia region. In this study the meteorological fields (GDAS and MM5) coupled to the trajectory model (HY-SPLIT) are applied to simulate the transport and the dispersion. Seoul is selected as a starting point of the HY-SPLIT. The sensitivity studies are performed by conducting an ensemble of simulations using the GDAS and the MM5 model for the same dispersion cases. The results in this study show a significant difference depending on the resolution of meteorological models. Additionally, in most cases of the compared tionally,results from MM5 and GDAS, the absolute and relative distance, shows significant difference and the difference increased with the increasing distance of HY-SPLIT. Therefore, for the case of small domai for twi d field distefbution over complex terrai, should be used only high model temporal or spatial resolution to improve the HY-SPLIT model results.

Determination of double-K fracture parameters of concrete using split-tension cube test

  • Kumar, Shailendra;Pandey, S.R.
    • Computers and Concrete
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    • v.9 no.2
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    • pp.81-97
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    • 2012
  • This paper presents development of double-K fracture model for the split-tension cube specimen for determining the unstable fracture toughness and initial cracking toughness of concrete. There are some advantages of using of split-tension cube test like compactness and lightness over the existing specimen geometries in practice such as three-point bend test, wedge splitting test and compact tension specimen. The cohesive toughness of the material is determined using weight function having four terms for the split-tension cube specimen. Some empirical relations are also suggested for determining geometrical factors in order to calculate stress intensity factor and crack mouth opening displacement for the same specimen. The results of double-K fracture parameters of split-tension cube specimen are compared with those obtained for compact tension specimen. Finally, the influence of the width of the load-distribution of split-tension cube specimen on the double-K fracture parameters for laboratory size specimens is investigated. The input data required for determining double-K fracture parameters for both the specimen geometries are obtained using well known version of the Fictitious Crack Model.

A Split Die Design for Forging of Hexagonal Bolt Head (육각볼트 헤드 단조를 위한 분할금형설계)

  • Qiu, Yuangen;Cho, Hae Young
    • Journal of the Korean Society of Manufacturing Process Engineers
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    • v.19 no.5
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    • pp.91-97
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    • 2020
  • A split-die design for the cold forging of symmetric parts such as those having a hexagonal cross-section is presented in this paper. Parts with a hexagonal cross-section, such as bolt heads and nuts, should be forged with a die that has a hexagonal-shaped hole. A split type die is required to mitigate the buildup of stress concentrations located at the corners of the hexagonal hole. Generally, the insert of a hexagonal die is made by cutting each corner of a cylinder using a hexagonal hole and then combined with the die and shrink-fitted. However, split dies face problems when extruding material at the corners of the hexagonal split die. To address this problem, two types of split dies were evaluated: rounded hexagonal dies and angular hexagonal dies. The effects of the pre-stress ring on the dies were compared and analyzed and results show that using the angular split hexagonal die can extend the lifetime of forging dies.

Dynamic Behavior Evaluation for Split PC sleeper using the Field Test (현장측정을 통한 기존 분기기용 목침목과 개량 분기기 부절침목의 동적거동 비교평가)

  • Um, Hwan-Ju;Lee, Chang-Hun;Eum, Ki-Young
    • Journal of the Korean Society for Railway
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    • v.9 no.6 s.37
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    • pp.746-752
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    • 2006
  • The major objective of this study is to investigate the dynamic behavior evaluation of split PC sleepers for railway turnout by the field test. In railway engineering, a turnout is necessary to allow a vehicle to move from one track to another. So, turnout is required very complex railway technologies such as lolling stock, track. In reference to conventional line speed-up and improvement railway, accurate assembly of turnout affects travel ins qualify of turnout area and running safety. Because of heavy weight and a large volume of the long sleeper used to turnout and car limit, transport and the prerequisite for trouble-free transport of the factory pre-assembled major turnout components is achieved through division of long sleepers. The one of the advantages for using a split sleeper is to reduce the dynamic vibration according to the information of developed nations. Therefore, we investigate the characteristic of dynamic behaviors of split sleepers which are adopted for the first time to improve performance of turnout From the field test results of the split sleeper, it is evaluated that the modification of weight, material and stiffness compared with wood sleeper is very effective for the ballast safety. However, the decrease in vibration of split sleeper was not found out.

Development of Split Tees for Gas Steel Pipelines (강재 가스배관용 분기티의 개발 연구)

  • Kim Young Gyu;Noh Ou Sun;Kim Ji Yoon
    • Journal of the Korean Institute of Gas
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    • v.4 no.4 s.12
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    • pp.6-12
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    • 2000
  • We have developed a new split tee which can be used to effectively branch into a main gas steel pipelines without losing any gas pressure or having to shut down a line. The split tee has been designed considering the locations of branch connection to the pipelines. Therefore, we could keep the depth of buried pipelines which used to be the problem of the conventional split tees. Test results of the developed split tee showed that the performance of the tightness, hydraulic strength, sealing, welding, bending, and compatibility were excellent. The application of the split tee can provide the advantage of eliminating cost and time, and easy field pipeline coatings.

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Vibration Analysis of a Beam Having n Through-the-width Splits (다수의 층상균열이 내재하는 보의 진동해석)

  • Hwang, J.K.;Lee, M.H.;Shin, Y.J.;Kim, C.H.
    • Transactions of the Korean Society for Noise and Vibration Engineering
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    • v.12 no.5
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    • pp.330-337
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    • 2002
  • A frequency equation of beam subjected to the axial load and having ηthrough-the-width-splits is developed. The beam comprises of beam elements that are split into the upper and the lower part, and non-split beam elements. Equations of motion of each beam element are non-dimensionalized with respect to length. The frequency equation of beam is derived from that of each beam element, which satisfies the displacement of the longitudinal and transverse vibration and the boundary conditions between the beam elements. Numerical simulation and experimental work for the beam having several split beam elements are carried out to demonstrate the analytical development and its validity. The experimental results are in good agreement with those of the present frequency equation. The relationships between the split beam width and natural frequencies, and also the relationships between number of split and natural frequencies, in case that the total beam split length is same. are discussed.

A Study on Failure Analysis of Mandrel in the Flow Forming Split Process through Stress Analysis (플로우포밍 스플릿 공정 시 맨드릴의 응력 해석을 통한 파손 원인 분석)

  • Won, K.H.;Hong, S.W.;Park, H.S.;Lee, S.C.;Hong, S.J.;Hyun, S.K.;Kim, S.Y.
    • Transactions of Materials Processing
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    • v.31 no.6
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    • pp.384-393
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    • 2022
  • The flow forming process consists of a split process, a divide process, and a forming process. The split process is a forming process in which rollers radially permeate a simple disc-shaped forging material and split it in both directions to form a top-bottom bidirectional cup. It is advantageous for post-processing to deepen the forming depth in the split process but this characteristic causes the failure near the edge of the mandrel during the actual process. The split process was analyzed using Rigid Plastic FEM, and the stress analysis of the mandrel was conducted to find the cause of the failure. It was found that the failure occurred due to fatigue accumulation damage caused by repeated residual stress.