• Wind and Structures
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• v.11 no.1
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• pp.1-18
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• 2008

Interference effects in five square tall buildings arranged in an L- or T-shaped pattern are investigated in the wind tunnel. Mean and fluctuating shear forces, overturning moments and torsional moment are measured on each building with a force balance mounted at its base. Results are obtained at two values of clear separation between adjacent buildings, at half and a quarter building breadth. It is found that strong interference effect exists on all member buildings, resulting in significant modifications of wind loads as compared with the isolated single building case. Sheltering effect is observed on wind loads acting along the direction of an arm of the "L" or "T" on the inner buildings. However, increase in these wind loads from the isolated single building case is found on the most upwind edge building in the arm when wind blows at a slight oblique angle to the arm. The corner formed by two arms of buildings results in some wind catchment effect leading to increased wind pressure on windward building faces. Interesting interference phenomena such as negative drag force are reported. Interference effects on wind load fluctuations, load spectra and dynamic building responses are also studied and discussed.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.5
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• pp.829-837
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• 2021

The study investigates the impact of the Counter-Cyclical Buffer Policy (CCB) on regional development bank profitability in Sumatra, Indonesia. CCB requires banks to hold capital at times when credit is growing rapidly so that the buffer can be reduced if the financial cycle turns down or the economic and financial environment becomes substantially worse. This study employs time series data of regional development banks (RDBs) in Sumatra Island, Indonesia. The methodology applied in this study is a panel dynamic model with Generalized Methods of Moments (GMM). The results show that increasing capital through the implementation of CCB did not have a significant effect on RDBs' profitability. The findings of this study suggest that the activation and implementation of CCB lead to an increase in the amount and cost of loans to companies but do not affect the profitability of RDBs. The value of a Non-Performing Loan (NPL) proved to have a negative and significant effect on bank profitability. The CCB policy aims to overcome the pro-cyclicality of credit growth and improve bank resilience through increased capital which is expected to reduce excessive credit growth as a source of systemic risk. This causes a lack of lending to the community so that the profits obtained by the bank decrease.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.635-641
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• 2021

This article analyzes the factors affecting income inequality in Vietnam, with data from 63 provinces and cities collected from the Vietnam Household Living Standards Survey of the General Statistics Office of Vietnam from 2010 to 2018. The article will firstly build a research model to identify factors affecting income inequality. Then, it uses the Generalized Method of Moments (GMM) method to evaluate the effect of factors on income inequality in Vietnam. The empirical estimate result shows that, in the period from 2010 to 2018, the factors such as the proportion of the working employees, income per capita, and inflation have positive effects on the Gini coefficient. That is, when these factors increase, there will be negative effects on improving income inequality in Vietnam. Conversely, when the factors such as the proportion of the literate adults, the proportion of the urban population, and population density increase they will have a positive impact on improving income inequality in Vietnam during this period. The estimated coefficients satisfied the sign expectation except the proportion of the literate adults. It means that, in Vietnam, the increase and more equilibrium in educational attainment balance the distribution of income and bring an improvement in income inequality.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.289-295
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• 2021

This study investigates the role of corporate governance in the dividend decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, over the period from 2009 to 2016. Four corporate governance indicators are used in this study; managerial ownership, the board size, board independence, and CEO duality. Furthermore, this study considers three control variables such as profitability, firm size, and corporate tax. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study is exploring the insight into the effect of corporate governance factors on dividend decisions. The results of the study revealed that managerial ownership showed a significant positive impact on the dividend payout ratio. Board size showed a significant positive influence on the dividend payout ratio. Board independence negatively but significantly influenced the dividend payout ratio. CEO duality showed an insignificant negative impact on the dividend payout ratio. In the framework of these CG indicators, Sri Lankan listed firms are recommended to have dispersed ownerships, large Board size and maintain a balance of power and authority by separating the individual who is assuming the position of the CEO from the Chairperson of the Board and maintain at least two independent directors.

• Journal of English Language & Literature
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• v.56 no.6
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• pp.1235-1253
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• 2010

Lucy Snowe, the heroine and narrator of Charlotte Brontë's Villette, has oftentimes been studied in terms of her silence. However, the critics' approach to Lucy's silence has been mostly negative as her silence has often been interpreted as an illustration of her sense of absence, powerlessness, unreliability, or mental deprivation. Lucy's silence, however, is complex in nature as the functions and meanings of her silence vary depending on when, why, and how silence is performed. This article particularly looks into the moments in which Lucy's silence generates multifarious meanings and resonances depending on the contexts in and the purpose for which it is exercised, such as a sense of wholeness, marginality, power and individuality. First of all, Lucy's silence about herself during the recount of her childhood days at Bretton implies the feeling of entirety and peacefulness where the identification of the "I" becomes unnecessary. Second, Lucy's silence in relation to Paulina at Bretton denotes her social marginality and powerlessness. Third, as an older self/narrator, Lucy chooses to be silent in order to exert power over the readers. And lastly, Lucy's conscious refusal to tell the readers what she already knows also serves to reveal her sense of individuality. Through the instances of Lucy Snowe's silence in Bronte's Villette, I demonstrate the possibility to reveal various aspects of one's self through silence.

• Steel and Composite Structures
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• v.51 no.5
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• pp.563-573
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• 2024

This research experimentally evaluated the local stress distribution along the cross-section of composite beams under both positive and negative moments. The experiment utilized a large-scale, two-story, two-by-three bay steel gravity frame with a concrete on metal deck floor system. The composite shear connections, which are nominally assumed to be pinned under gravity loading, can develop non-negligible moment-resisting capacity when subjected to lateral loads. This paper discusses the local stress distribution, orshear lag effects, observed near the beam-to-column connections when subjected to combined gravity and lateral loading. Strain gauges were used for measurements along the beam depth at varying distances from the connection. The experimental data showed amplified shear lag effects near the unconnected region of the beam web and bottom flange under the applied loading conditions. These results indicate that strain does not vary linearly across the beam cross-section adjacent to the connection components. This insight has implications for the use of experimental strain gauge data in estimating beam demands near the connections. These findings can be beneficial in informing instrumentation plans for future experimental studies on composite beams.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.20 no.4
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• pp.597-605
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• 2019

IPM bridge is an integral bridge that can be applied from span 30.0m up to 120.0m, the shape conditions of IPM bridge is also applicable to the rahmen bridge. In this study, to perform the structural analysis of Rahmen bridge and IPM Bridge, the researchers compared the distribution types such as load, moment, and displacement of those bridges. Structural analysis was carried out on four span models ranging from single span bridges to four spans of 120.0 m, based on span length of 30.0 m. Structural analysis was carried out on those bridge with span 30.0m up to 120.0m. The conclusions drawn from this study are as follows. 1) The bending moments were calculated to be large for the Rahmen bridge, and the horizontal displacements were estimated to be large for the IPM bridge. 2) Since the bending moments are derived by the span length rather than the extension of the bridge, the permissible bending moment for the span length should be considered in the design. 3) The pile bent of the IPM bridge did not exceed the plastic moment of the steel pipe pile at 120.0m span, but because the horizontal displacement in the shrinkage direction is close to 25mm, the design considerations are needed. 4) In the actual design, it is important to ensure stability against member forces, so review of the negative moment is most important.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.14 no.7
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• pp.3495-3501
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• 2013

The cross-sections of continuous multi-span beams are sometimes suddenly increased or stepped at the interior supports of continuous beams to resist high negative moments. This paper investigates inelastic lateral-torsional buckling of monosymmetric stepped I-beams subjected to pure bending. A three-dimensional finite-element program ABAQUS and a regression program were used to analytically develop new design equation. The flange thickness ratio, flange width ratio and stepped length ratio were considered as parameters of this study. The combined effects of residual stresses and geometric imperfection on inelastic lateral-torsional buckling of beams are considered. The proposed solution can be easily used to calculation for inelastic lateral torsional buckling strengths of monosymmetric beams with doubly stepped cross sections and to develop new design equations for inelastic lateral-torsional buckling resistances of stepped beams.

• The Korean Journal of Financial Management
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• v.25 no.2
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• pp.69-101
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• 2008

We empirically investigate the option leverage property that should be priced under much more general conditions than the Black-Scholes assumptions and the option redundancy property that is based on the assumption that the underlying asset price follows a one-dimensional diffusion process and examine the systematic risk factors implied in the return dynamics of KOSPI 200 index options. We find that the option leverage pattern is similar to the theoretical result but the options are not redundant securities and in the nonlinear structure of option payoffs, the traders of KOSPI 200 index options price the systematic higher-moments and the negative volatility risk premium significantly affects delta-hedged gains, even after accounting for jump fears. But the empirical evidence on jump risk preference is less conclusive.

• Journal of the Korean Society of Groundwater Environment
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• v.1 no.2
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• pp.90-99
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• 1994

Heterogeneous hydraulic conductivity in a flow domain is generated under the assumption that it is a random variable with a lognormal, spatially-correlated distribution. The hydraulic head and the conductivity in a groundwater flow system are represented as a stochastic process. The method of Monte Carlo Simulation (MCS) and the finite element method (FEM) are used to determine the statistics of the head and the logconductivity. The second moments of the head and the logconductivity indicate that the cross-covariance of the logconductivity with the head has characteristic distribution patterns depending on the properties of sources, boundary conditions, head gradients, and correlation scales. The negative cross-correlation outlines a weak-response zone where the flow system is weakly responding to a stress change in the flow domain. The stochastic approach has a potential to quantitatively delineate the zone of influence through computations of the cross-covariance distribution.