• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.249-261
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• 2021

To tranquilize the devastating impact of unnecessary risk-taking behavior of banks towards the economy for maximizing their profits that usually arises due to widely known 'moral-hazard' problem originating from market competition and intensified by bank's limited liability, the banking system is strongly monitored across all countries of the world. The goal of controlling would become more feasible if there exist some self-discipline and motivations which could safeguard the banks' charter value through the mechanism of market discipline. Therefore, our study is aimed to scrutinize the relation between market discipline and charter value of local commercial banks that are registered on the Pakistan Stock Exchange by analyzing a balanced panel data from the year 2007 to 2019. Deposit growth, interbank deposits, and subordinate debt are taken as proxies to measure market discipline whereas Tobin's Q theory is applied for calculating the charter value. Generalized Least Square Regression with Fixed Effect Model is used for evaluation. The outcomes reveal that in the existence of control variables, all proxies of market discipline have a significant positive impact on bank charter value. Our research has important policy implications for monitoring and supervising financial intermediaries for their stability and soundness by offsetting the complications of moral-hazard in the financial systems.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.263-276
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• 2021

This study examines the effect of international capital flows on corporate capital structures in Vietnam by analyzing panel data from all non-financial listed firms from 2005 to 2014 using pooled ordinary least square (OLS) with a variance estimator. The analysis includes a comparison of the signs and significance of the variable coefficients from the perking order and static trade-off theories to the empirical results to determine the optimum approach to the corporate capital structure given Vietnam's high-inflation environment. The results indicate that international capital flows have a positive relation to the debt ratio in the long term, and the relationship is more robust for 2005-2009 than for 2010-2014. Corporate capital structures adjusted to changes in the business environment in different sub-periods (2005-2009 and 2010-2014). When the economic environment became more favorable, the pecking order theory's predictive power increased, and that of trade-off theory lessened. Manufacturing and non-manufacturing firms required different capital structure decisions to fuel their operations and grow under foreign competition. The analysis demonstrates that firms should intensify their use of long-term debt relative to the availability of capital, which is an implication not only for firms in particular but also for industrial innovation overall.

• Korea Trade Review
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• v.44 no.1
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• pp.115-127
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• 2019

In recent years, the Indian market has gained worldwide attention in the global trading business environment. Korean companies are also seeking to enter the indian market, and their foreign trade investment strategy is based on the Global Value Chain(GVC). In this study, we examine difference from traditional investment strategy to GVC investment strategy in the age of 4IR(fourth industrial revolution) through using POLS model(pooled least square), FEM(fixed effect model), and REM(randomized effect model). Based on the analysis of 84 monthly data related to the FDI and international trade effects between Korea and India, the following results were found. As Korean companies increased their share of export to the Indian market and export to the Indian market, the number of new companies directly invested in overseas market increased. However, the amount of import into the Indian market was relatively low in relation to the number of new companies directly in overseas markets. As a result of analyzing the investment strategy of the GVC in India, the GVC has shifted from manufacturing to process upgrading to enter the GVC on Smile Curve.

• International journal of steel structures
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• v.18 no.5
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• pp.1666-1683
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• 2018

To explore seismic behavior of blind bolted concrete-filled steel tube (CFST) frames infilled with precast sandwich composite wall panels (SCWPs), a series tests of blind bolted square CFST frames with precast SCWPs under lateral low-cyclic loading were conducted. The influence of the type of wall concrete, wall-to-frame connection and steel brace setting, etc. on the hysteretic curves and failure modes of the type of composite structure was investigated. The seismic behavior of the blind bolted CFST frames with precast SCWPs was evaluated in terms of lateral load-displacement relation curves, strength and stiffness degradation, crack patterns of SCWPs, energy dissipation capacity and ductility. Then, a finite element (FE) analysis modeling using ABAQUS software was developed in considering the nonlinear material properties and complex components interaction. Comparison indicated that the FE analytical results coincided well with the test results. Both the experimental and numerical results indicated that setting the external precast SCWPs could heighten the load carrying capacities and rigidities of the blind bolted CFST frames by using reasonable connectors between frame and SCWPs. These experimental studies and FE analysis would enable improvement in the practical design of the SCWPs in fabricated CFST structure buildings.

• Safety and Health at Work
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• v.12 no.2
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• pp.192-200
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• 2021

Background: A number of accidents have occurred in small and medium enterprises (SMEs). Efforts in reducing accidents have been undertaken through the implementation of safety behaviors. Unfortunately, few studies have examined motives behind unsafe behaviors, such as safety silence motives. This study aimed to observe the motives underlying safety behaviors, namely safety silence motive (SSM) (SSM-relation, SSM-climate, SSM-issue, and SSM-job) and to evaluate the effect of SSM and safety communication on safety participation in different industrial sectors and scales. Materials and Methods: Eighty workers from two industrial sectors and scales of SMEs were involved. They were instructed to fill out a set of questionnaires. A five-Likert scale was used to respond. An independent t test was applied to find any significant differences. The partial least square-structural equation modeling for multigroup was used to develop a model on relations among the variables. Results: The results showed that SSM scores were high in SMEs, and the scores were different across industrial sectors and scales. SSM had a negative influence on safety communication, and safety communication positively influenced safety participation. Conclusion: The study of SSM, safety communication, and safety participation in different sectors and scales should be separated in SMEs.

• Earthquakes and Structures
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• v.24 no.2
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• pp.97-109
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• 2023

This experimental study investigates the effectiveness of applying carbon fiber reinforced polymer (CFRP) jackets for the retrofit of short reinforced concrete (RC) columns with inadequate transverse reinforcement and stirrup spacing to longitudinal rebar diameter equal to 12. RC columns scaled at 1/3, with round and square section, were subjected to axial compression up to failure. A damage scale is introduced for the assessment of the damage severity, which focusses on the extent of buckling of the longitudinal rebars. The damaged specimens were subsequently repaired with unidirectional CFRP jackets without any treatment of the buckled reinforcing bars and were finally re-tested to failure. Test results indicate that CFRP jackets may be effectively applied to rehabilitate RC columns (a) with inadequate transverse reinforcement constructed according to older practices so as to meet modern code requirements, and (b) with moderately buckled bars without the need of previously repairing the reinforcement bars, an application technique which may considerably facilitate the retrofit of earthquake damaged RC columns. Factors for the estimation of the reduced mechanical properties of the repaired specimens compared to the respective values for intact CFRP-jacketed specimens, in relation to the level of damage prior to retrofit, are proposed both for the compressive strength and the average modulus of elasticity. It was determined that the compressive strength of the retrofitted CFRP-jacketed columns is reduced by 90% to 65%, while the average modulus of elasticity is lower by 60% to 25% in respect to similar undamaged columns jacketed with the same layers of CFRP.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.401-407
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• 2022

Central heating, ventilation and air conditioning (HVAC) is one of the largest consumers of energy in the residential sector. This project explores the use of multiple HVAC units and/or Zoning in a single residence to reduce energy loads. The energy consumption data of a detached single-family home using two HVAC units, one primary for the main house and a secondary HVAC for a casita, was collected for the same month for two consecutive years, along with details related to the outdoor temperature and the square footage being air-conditioned by each HVAC. A regression algorithm was trained using the above details to find the relation between the parameters. Next, based on the occupancy and usage patterns, the HVAC was redesigned assuming more area under the secondary HVAC unit. The trained algorithm was then used to make energy usage predictions for the revised primary HVAC area, with the assumption that the secondary HVAC unit was turned off. The results were compared with existing energy usage data. It was determined that there were significant energy savings in the second scenario. It is expected that this study and its findings will help future research projects explore more ideas as alternatives to central HVAC, in improving the economic viability of existing options, and in developing a savings calculation tool that will help consumers make informed decisions on their best alternatives to central HVAC.

• The Journal of the Acoustical Society of Korea
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• v.26 no.3
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• pp.115-122
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• 2007

In this study, the property and the structure of micro-speaker had been firstly shown to be treated as a ducted speaker-system, which was consisted of the unit and the ducted enclosure. With the decrease of total hole area. the resonance frequency of micro-speaker was decreased due to increasing the stiffness or reducing the compliance. The behavior of resonance frequency relative to the total hole area was exactly agreed with that of the square root of compliance. With decreasing the total hole area. the effective chamber volume was increased, but the reference sound pressure level was exponentially reduced in the low and middle frequency range.

• The Journal of the Acoustical Society of Korea
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• v.29 no.7
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• pp.422-430
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• 2010

The radiation property of a Tonpilz transducer is influenced by the structural variables of the transducer. In this study, with respect to a single mode Tonpilz transducer, the radiation patterns were calculated for different head mass geometries of the same effective radiation area. The shapes of the head mass analyzed were the most popular circular, regular triangular, square, regular hexagonal and regular octagonal types, and radiation pattern equations were derived for each of the head mass shapes. Based on the derived equations, radiation patterns in accordance with the shape and size of the head mass were calculated and the results were compared with each other. Validity of the calculation results were confirmed by means of finite element analysis.

• The Research Journal of the Costume Culture
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• v.32 no.2
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• pp.125-147
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• 2024

This study aims to analyze consumer perceptions of the metaverse platform and luxury fashion brands in relation to consumer lifestyles, thereby providing foundational data for future marketing strategies of fashion brands using the metaverse. A survey on the lifestyle and perceptions of the metaverse, as well as on luxury fashion brands, was conducted among 300 men and women between their 20s and 40s. Statistical analyses included frequency analysis, cross-tabulation, chi-square (χ²) analysis, factor analysis, cluster analysis, one-way ANOVA, and Duncan's post-hoc test. Factor analysis of the participants' lifestyles revealed five distinct types: "Indifferent," "Social, individual, and leisure-oriented," "Trend-leading and brand-oriented," "Appearance and fashion-oriented," and "Self-improvement-focused and individualistic" types. The analysis of luxury fashion brand perceptions based on lifestyle types showed that the "Trend-leading and brand-oriented" type had higher awareness and preference for brands such as Gucci, Burberry, and Balenciaga, while the "Indifferent" type showed lower levels of awareness and preference. Regarding brand perception related to luxury fashion brand content experiences within the metaverse, Gucci, Burberry, and Balenciaga showed consistent results across all types. Specifically individuals classified under the "Trend-leading and brand-oriented" category exhibited higher awareness and preference for these brands within metaverse experiences, while those categorized as "Indifferent" displayed comparatively lower levels. Therefore, digital marketing strategies targeting consumers under the "Trend-leading and brand-oriented" category are expected to be highly effective for luxury fashion brands. This study is poised to contribute to the expansion of the marketing landscape within the metaverse virtual world for fashion.