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The Effect of Foreign Ownership and Product Market Competition on Firm Performance: Empirical Evidence from Vietnam

  • HA, Thach Xuan;TRAN, Thu Thi
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.79-86
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    • 2021
  • In recent years, firm performance has been a topic that attracts many researchers. It is extremely important to identify the factors that change firm performance. In the current trend of competition and integration, foreign ownership, product market competition is found to reduce agency costs and impact firm performance. The purpose of this research is to investigate the relationship between foreign ownership, product market competition, and firm performance. Our research using a quantile regression model, through panel data of 290 companies listed on the Vietnam stock exchange (include Ho Chi Minh and Hanoi stock exchanges) from 2017 to 2019 that was collected by Thomson - Reuters DataStream has shown that foreign ownership and product market competition have a positive impact on Tobin's Q but are not statistically significant with ROA. Critically, our quantile regression results suppose foreign ownership, product market competition have a significantly larger positive impact in high-performing firms relative to low-performing firms. The results help propose solutions to planners and managers to change foreign ownership and product market competition to increase business performance. Besides, through quantile regression analysis, managers need to pay attention to the impact on foreign ownership, product market competition; there will be a difference between high-performing firms relative to low-performing firms.

Structure and Vibration Analyses of Low Speed Contra-Rotating Fan Stage with High Aspect Ratio

  • Sah, Supen Kumar;Ghosh, Anup;Mistry, Chetan S
    • International Journal of Aerospace System Engineering
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    • v.8 no.1
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    • pp.1-13
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    • 2021
  • Contra-rotating fan is comprised of two rotors which are rotating in the opposite direction. The fan stages are named rotor-1 and rotor-2. Benefits from the use of contra rotation are in terms of better efficiency and improved thrust to weight ratio. Failure of contra-rotating fan stage blade in-service results in safety risks, repair costs, and revenue losses. This paper focuses on the vibration analysis and one way fluid-structure interaction of high aspect ratio, low speed contrarotating fan rotors. Modal analysis and modal pre-stress analysis of contra-rotating fan rotors were carried out to calculate the natural frequencies, One way fluid-structure interaction (FSI) was carried out where the computational analysis of the blades was performed using ANSYS CFX. The boundary conditions for CFD analysis were considered from the actual experimental velocity flow field at the inlet and pressure outlet. Based on the results obtained from the CFD analysis, the structural analysis such as deformation and Von-Misses stresses was carried out by using the finite element method (FEM) with ANSYS. The results provide necessary guidelines for the safe running of the contra-rotating fan. The analysis also will be helpful to understand the change of flow behavior due to a rotor deformation.

Adaptive Cooperative Spectrum Sensing Based on SNR Estimation in Cognitive Radio Networks

  • Ni, Shuiping;Chang, Huigang;Xu, Yuping
    • Journal of Information Processing Systems
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    • v.15 no.3
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    • pp.604-615
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    • 2019
  • Single-user spectrum sensing is susceptible to multipath effects, shadow effects, hidden terminals and other unfavorable factors, leading to misjudgment of perceived results. In order to increase the detection accuracy and reduce spectrum sensing cost, we propose an adaptive cooperative sensing strategy based on an estimated signal-to-noise ratio (SNR). Which can adaptive select different sensing strategy during the local sensing phase. When the estimated SNR is higher than the selection threshold, adaptive double threshold energy detector (ED) is implemented, otherwise cyclostationary feature detector is performed. Due to the fact that only a better sensing strategy is implemented in a period, the detection accuracy is improved under the condition of low SNR with low complexity. The local sensing node transmits the perceived results through the control channel to the fusion center (FC), and uses voting rule to make the hard decision. Thus the transmission bandwidth is effectively saved. Simulation results show that the proposed scheme can effectively improve the system detection probability, shorten the average sensing time, and has better robustness without largely increasing the costs of sensing system.

Real-time 3D Audio Downmixing System based on Sound Rendering for the Immersive Sound of Mobile Virtual Reality Applications

  • Hong, Dukki;Kwon, Hyuck-Joo;Kim, Cheong Ghil;Park, Woo-Chan
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.12 no.12
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    • pp.5936-5954
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    • 2018
  • Eight out of the top ten the largest technology companies in the world are involved in some way with the coming mobile VR revolution since Facebook acquired Oculus. This trend has allowed the technology related with mobile VR to achieve remarkable growth in both academic and industry. Therefore, the importance of reproducing the acoustic expression for users to experience more realistic is increasing because auditory cues can enhance the perception of the complicated surrounding environment without the visual system in VR. This paper presents a audio downmixing system for auralization based on hardware, a stage of sound rendering pipelines that can reproduce realiy-like sound but requires high computation costs. The proposed system is verified through an FPGA platform with the special focus on hardware architectural designs for low power and real-time. The results show that the proposed system on an FPGA can downmix maximum 5 sources in real-time rate (52 FPS), with 382 mW low power consumptions. Furthermore, the generated 3D sound with the proposed system was verified with satisfactory results of sound quality via the user evaluation.

A Review of the Technical Development on Green Hypergolic Propellant (친환경 접촉점화 추진제 연구 개발 동향)

  • Park, Seonghyeon;Kang, Hongjae;Park, Youngchul;Lee, Jongkwang
    • Journal of the Korean Society of Propulsion Engineers
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    • v.24 no.4
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    • pp.79-88
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    • 2020
  • Hypergolic propellants have been widely used for space propulsion systems based their long-term storability and high ignition reliability. Since conventional hypergolic propellants are highly toxic and carcinogenic, handling and operating costs are significant. To overcome the drawbacks, numerous studies have been actively performed to develope new hypergolic propellants, ensuring that the combinations are high performance, low toxicity and low environmental impact. In the present study, a comprehensive survey was conducted to summarize the research and development of green hypergolic propellants involving hydrogen peroxide, nitric acid, and ionic liquids.

Lightweight Deep Learning Model of Optical Character Recognition for Laundry Management (세탁물 관리를 위한 문자인식 딥러닝 모델 경량화)

  • Im, Seung-Jin;Lee, Sang-Hyeop;Park, Jang-Sik
    • Journal of the Korean Society of Industry Convergence
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    • v.25 no.6_3
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    • pp.1285-1291
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    • 2022
  • In this paper, we propose a low-cost, low-power embedded environment-based deep learning lightweight model for input images to recognize laundry management codes. Laundry franchise companies mainly use barcode recognition-based systems to record laundry consignee information and laundry information for laundry collection management. Conventional laundry collection management systems using barcodes require barcode printing costs, and due to barcode damage and contamination, it is necessary to improve the cost of reprinting the barcode book in its entirety of 1 billion won annually. It is also difficult to do. Recognition performance is improved by applying the VGG model with 7 layers, which is a reduced-transformation of the VGGNet model for number recognition. As a result of the numerical recognition experiment of service parts drawings, the proposed method obtained a significantly improved result over the conventional method with an F1-Score of 0.95.

A Privacy-preserving and Energy-efficient Offloading Algorithm based on Lyapunov Optimization

  • Chen, Lu;Tang, Hongbo;Zhao, Yu;You, Wei;Wang, Kai
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.8
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    • pp.2490-2506
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    • 2022
  • In Mobile Edge Computing (MEC), attackers can speculate and mine sensitive user information by eavesdropping wireless channel status and offloading usage pattern, leading to user privacy leakage. To solve this problem, this paper proposes a Privacy-preserving and Energy-efficient Offloading Algorithm (PEOA) based on Lyapunov optimization. In this method, a continuous Markov process offloading model with a buffer queue strategy is built first. Then the amount of privacy of offloading usage pattern in wireless channel is defined. Finally, by introducing the Lyapunov optimization, the problem of minimum average energy consumption in continuous state transition process with privacy constraints in the infinite time domain is transformed into the minimum value problem of each timeslot, which reduces the complexity of algorithms and helps obtain the optimal solution while maintaining low energy consumption. The experimental results show that, compared with other methods, PEOA can maintain the amount of privacy accumulation in the system near zero, while sustaining low average energy consumption costs. This makes it difficult for attackers to infer sensitive user information through offloading usage patterns, thus effectively protecting user privacy and safety.

A proposal for improving the behavior of CBF braces using an innovative flexural mechanism damper, an experimental and numerical study

  • Ghamari, Ali;Jeong, Seong‐Hoon
    • Steel and Composite Structures
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    • v.45 no.3
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    • pp.455-466
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    • 2022
  • Despite the considerable lateral stiffness and strength of the Concentrically Braced Frame (CBF), it suffers from low ductility and low seismic dissipating energy capacity. The buckling of the diagonal members of the CBF systems under cyclic loading ended up to the shortcoming against seismic loading. Comprehensive researches have been performing to achieve helpful approaches to prevent the buckling of the diagonal member. Among the recommended ideas, metallic damper revealed a better success than other ideas to enhance the behavior of CBFs. While metallic dampers improve the behavior of the CBF system, they increase constructional costs. Therefore, in this paper, a new steel damper with flexural mechanism is proposed, which is investigated experimentally and numerically. Also, a parametrical revision was carried out to evaluate the effect of thickness, slenderness ratio, angle of the main plate, and height of the main plates on the proposed damper. For the parametrical study, 45 finite element models were analyzed and considered. Experimental results, as well as the numerical results, indicated that the proposed damper enjoys a stable hysteresis loop without any degradation up to a high rotation equal to around 31% that is significantly considerable. Moreover, it showed a suitable performance in case of ductility and energy dissipating. Besides, the necessary formulas to design the damper, the required relations were proposed to design the elements outside the damper to ensure the damper acts as a ductile fuse.

A Study on the Implementation of Raspberry Pi Based Educational Smart Farm

  • Min-jeong Koo
    • International journal of advanced smart convergence
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    • v.12 no.4
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    • pp.458-463
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    • 2023
  • This study presents a paper on the implementation of a Raspberry Pi-based educational smart farm system. It confirms that in a real smart farm environment, the control of temperature, humidity, soil moisture, and light intensity can be smoothly managed. It also includes remote monitoring and control of sensor information through a web service. Additionally, information about intruders collected by the Pi camera is transmitted to the administrator. Although the cost of existing smart farms varies depending on the location, material, and type of installation, it costs 400 million won for polytunnel and 1.5 billion won for glass greenhouses when constructing 0.5ha (1,500 pyeong) on average. Nevertheless, among the problems of smart farms, there are lax locks, malfunctions to automation, and errors in smart farm sensors (power problems, etc.). We believe that this study can protect crops at low cost if it is complementarily used to improve the security and reliability of expensive smart farms. The cost of using this study is about 100,000 won, so it can be used inexpensively even when applied to the area. In addition, in the case of plant cultivators, cultivators with remote control functions are sold for more than 1 million won, so they can be used as low-cost plant cultivators.

The Study on the Uniformity, Deposition Rate of PECVD SiO2 Deposition

  • Eun Hyeong Kim;Yoon Hee Choi;Hyeon Ji Jeon;Woo Hyeok Jang;Garam Kim
    • Journal of the Semiconductor & Display Technology
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    • v.23 no.2
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    • pp.87-91
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    • 2024
  • SiO2, renowned for its excellent insulating properties, has been used in the semiconductor industry as a valuable dielectric material. High-quality SiO2 films find applications in gate spacers and interlayer insulation gap-fill oxides, among other uses. One of the prevalent methods for depositing these SiO2 films is plasma enhanced chemical vapor deposition (PECVD) favored for its relatively low processing costs and ability to operate at low temperatures. However, compared to the increasingly utilized atomic layer deposition (ALD) method, PECVD exhibits inferior film characteristics such as uniformity. This study aims to produce SiO2 films with uniformity as close as possible to those achieved by ALD through the adjustment of PECVD process parameters. we conducted a total of nine PECVD processes, varying the process time and gas flow rates, which were identified as the most influential factors on the PECVD process. Furthermore, ellipsometry analysis was employed to examine the uniformity variations of each process. The experimental results enabled us to elucidate the relationship between uniformity and deposition rate, as well as the impact of gas flow rate and deposition time on the process outcomes. Additionally, thickness measurements obtained through ellipsometer facilitate the identification of optimal process parameters for PECVD.

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