• Health Policy and Management
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• v.12 no.2
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• pp.43-75
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• 2002

This study focuses on the factors that make the financial structure of hospitals in Korea different, and on recommended courses of action that could be very helpful to hospitals in maintaining a sound financial structure. Data used in this study were collected from 132 hospitals with complete general data of present conditions as well as financial statements. They were chosen from the 174 hospitals that passed the standardization audit undertaken by the Korean Hospital Association from 1996 to 2000 for the purpose of accrediting training hospitals. The dependent variable in this study is financial structure. It consists of liabilities as against total assets (total liabilities to total assets, short-term liabilities to total assets, long-term liabilities to total assets, short-term borrowings to total assets, long-term borrowings to total assets). The independent variables are ownership type, hospital type, location, whether or not a representative is a director of the hospital, the possibility of changing a hospital director, bed size, period of establishment, asset structure, profitability, growth, tax shields, business risk, competition. The factors that appear to have the strongest impact on the liabilities to total assets of all the hospitals sampled are ownership type, hospital type, profitability, tax shields, and business risk. It was found that not-for-profit private hospitals and for-profit private hospitals have more liabilities than public hospitals, and tertiary medical institutions have less liabilities than the secondary general hospitals. Moreover, hospitals earning more at the expense of high business risk have a distinct tendency to lower liabilities. Concerning the current ratio, it was found that factors such as ownership type, hospital type, period of establishment, asset structure, and business risk are the more significant variables. The current ratio of public hospitals is higher than that of both not-for-profit private hospitals and for-profit private hospitals, and the current ratio of tertiary medical institutions is higher than that of general hospitals. As business risk is higher in hospitals compared to other businesses, the current ratio becomes higher; this is because it is assumed that for fear of bankruptcy, hospitals lessen liabilities to total assets. On the other hand, as hospitals become older, the fixed assets to total assets become lower. It is remarkable that in hospitals, the factors affecting liabilities to total assets have an opposite regression coefficient sign against factors affecting current ratio. It brings out the same results borne out by the old financial theories and researches, in which a lot of the liabilities of hospitals are considered as the cause of worsening liquidity. Therefore, it is very important for hospitals to maintain a sound financial structure in order to survive using the rational acquisition and maintenance of capital.

• Asian Journal of Business Environment
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• v.10 no.2
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• pp.23-31
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• 2020

Purpose: The purpose of this paper is to find out the impact of financial leverage on firm's profitability in the listed textile sector of Bangladesh. Research design, data and methodology: A sample of 22 DSE listed textile firms has been used to conduct the study. In this study, firm profitability is measured by Return on Equity (ROE) and both short term debt and long term debt are used as the as proxies of financial leverage. Pooled Ordinary Least Squares (OLS), Fixed Effect (FE), and Generalized Method of Moments (GMM) models have been used to test the relationship between financial leverage and profitability of firms. Result: This study finds a significant negative relationship between leverage and firm's profitability using the Pooled OLS method. The result is also consistent with the fixed effect and GMM method. This result implies that firm's profitability is negatively affected by the firm's capital structure. Conclusion: The study concludes that maximum textile firms use external debt as a source of finance as they don't have sufficient internally generated funds. This study recommends that firm should give more emphasize on generating fund internally to meet up their financing needs.

• Journal of the Earthquake Engineering Society of Korea
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• v.17 no.3
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• pp.117-125
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• 2013

Seismic isolation has been considered and utilized in various industries as a way to prevent huge damage on to structures by large earthquakes in various industries. The laminated Laminated rubber bearings is are most frequently used in seismic isolation systems. The structural Structural safety could not be assured unless the performance of the rubber bearing is not guaranteed for the life time of the structure under the consideration that the bearing is a critical structural member to sustain vertical loads in the seismically isolated structure. However, there are few studies on the deterioration problems of rubber bearings during their service life. The long term performance of the rubber bearings was not considered in past designs of seismically isolated structures. This study evaluates the long term performance and creep characteristics of laminated natural rubber bearings that are used in seismically isolated buildings. For the this study, a set of accelerated thermal aging tests and creep tests are were performed on real specimens. The experimental results show that the natural rubber bearings would have a stable change rate of change for durability under severe environmental conditions for a long time.

• Structural Engineering and Mechanics
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• v.64 no.2
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• pp.173-181
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• 2017

This paper analyzes the influence of the construction process on short- and long-term deflections on a reinforced concrete structure poured on-site by a portable industrialized system. A parametric analysis was carried out by the Finite Elements Method (FEM) that considered: a) type of construction process with reshoring or clearing (partial striking); b) the number of successively shored floors and c) the number of shores used on each floor. All three factors were especially important for the values of short- and long-term deflections, which were highest in the reshoring processes with the lowest number of successively shored floors and the lowest number of shores per floor. Deflections obtained were compared with the limits laid down by ACI 318-14 and as calculated by this code's simplified method. The long-term deflections were seen to be almost double than those obtained by applying the ACI 318-14 code's simplified method and in some cases these deflections were above the established limits. It can thus be concluded that the load history of a building under construction should be taken into account in order to satisfy a structure's in-service conditions and durability.

• Proceedings of the Korean Geotechical Society Conference
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• 2008.10a
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• pp.1549-1554
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• 2008

In this paper, The evaluation of durability of the PC Panel lining for tunnel structure was examined through the rapid test by carbonation and freezing and thawing. Also for the purpose of improvement of durability. Namely, the durable characteristics of PC Panel lining by carbonation and freezing and thawing, was evaluated by rapid test and long-term field exposure test and main influence factors were derived. As a result of test, Correlation of accelerating test in deterioration chamber and long-term field exposure test, it will be expected that the proposed correlation well to the prediction of life expectancy of structure and is contributed greatly in the future.

• Proceedings of the Korea Concrete Institute Conference
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• 1999.10a
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• pp.259-262
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• 1999

In underground reinforced concrete structures, such as drainage structure, water and chloride ion penetrated into concrete through the cracks of concrete and its permeable property, cause the corrosion of reinforcing steel bar, which accelerates the expansive cracks and deterioration of concrete. It is necessary to control those deterioration of underground structure by improving its permeability and durability through the reasonable solutions in design, construction and materials. In the present study, fly ash concrete, which has good material properties in long-term period, was compared and studied with plain concrete using ordinary portland cement in terms of fundamental mechanical properties, permeability, drying shrinkage and durability. Also, the mix design and field test of low permeable concrete using fly ash were performed. From this study, fly ash concrete can control the penetration of water and chloride ion effectively by forming dense micro-structure of concrete. Therefore, fly ash concrete may increase the long-term function, performance and serviceability of underground structures.

• 제어로봇시스템학회:학술대회논문집
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• 1996.10b
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• pp.387-390
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• 1996

In this paper, A new PI-type reaching law for variable structure control is proposed to alleviate the chattering and improve the robustness properties in the presence of matched uncertainty. The proposed reaching law consists of a proportional term and an integral term. And the dynamics of switching function can easily be specified by using the second-order system analysis method. And also the proposed scheme has the advantages of alleviating the chattering than Gao's one and reducing the influence of uncertainties by band pass filter characteristic. The efficiency of the proposed method has been demonstrated by simulations for Dutch Roll damping in a light aircraft.

• Journal of Ocean Engineering and Technology
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• v.5 no.1
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• pp.55-63
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• 1991

This study is to predict accurately the wave induced current accuring by the radiation stress which acts as the driving force around Nearshore structure. For the wave induced current, the depth integrated and time averaged governing equation of an unsteady nonlinear form is derived from the continuity and momentum equation of an incompressible fluid. Numerical solutions are obtained by a finite difference method for the governing equation. In the vicinity of a structure, computed flow patterns show good agreement with the hydraulic experimental data. The numerical results obtained by neglecting the convective term show a large change of alongshore and offshore current.

• Korean Institute of Interior Design Journal
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• no.41
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• pp.19-28
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• 2003

Residential space can be stated as a decisive body compositely affected by environmental, physical, social, and cultural influences. Resulting from this idea, residential space can be defined as a mirror reflecting peoples' life at that period. Therefore, it is possible to understand the social and cultural aspects of a certain era through analyzing the residential space built and used at that period. Viewing from this point, latter term of Chosun Period, as a transitional period, was a tie of collapse for the structure of middle-class society forcing its identity system to be reorganized, and of improving upon commerce, agriculture, and manual industry to enable modernization. Following this idea, the goal of this research is to analyze characteristics of higher middle class residences built at the close of 19th century in Gyeonggi province in order to bring into light the change of social structure of the period.

• Sleep Medicine and Psychophysiology
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• v.4 no.1
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• pp.1-14
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• 1997

This paper reviewed models to explain memory and neuropsychological tests to assess memory. Memory was explained in cognitive and neuroanatomical perspectives, Cognitive model describes memory as structure and process. In structure model, memory is divided into three systems: sensory memory, short-term memory(working memory), and long-term memory. In process model, there are broadly three categories of memory process: encoding, storage, and retrieval. Memory process work in memory structure. There are two prominent models of the neuroanatomy of memory, derived from the work of Mishkin and Appenzeller and that of Squire and Zola-Morgan. These two models are the most useful for the clinician in part because they take into account the connections between the limbic and frontal cortical regions. The major difference between the two models concerns the role of the amygdala in memory processess. Mishkin and his colleagues believe that the amygdala plays a significant role while Squire and his colleagues do not. The most popular and widely used tests of memory ability such as WMS-R, AVLT, CVLT, HVLT. RBMT, CFT, and BVRT-R, were reviewed.