• Asia-Pacific Journal of Business
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• v.14 no.4
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• pp.233-254
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• 2023

Purpose - This study aims to verify whether the effect of tax avoidance on corporate value is non-linear in the Korean financial markets. Design/methodology/approach - This study believes that the cause of the inconsistent empirical analysis results of previous studies that verified the relationship between tax avoidance and firm value may be an error in assuming linearity, and verifies whether a nonlinear relationship exists. The sample company in this study is a December settlement corporation listed on the Korean stock market, and the analysis period is from 2000 to 2021. In the empirical analysis model, Tobin's Q is used as a proxy for corporate value, tax avoidance is used as the main independent variable, and a regression model is designed with corporate size, growth rate, and debt ratio set as control variables. Findings - As a result of the empirical analysis, it can be confirmed that there is an inverted U-shaped nonlinear relationship between tax avoidance and corporate value. In the additional analysis using Ohlson (1995) firm valuation model for the robustness of the results of the empirical analysis, the same nonlinear value relationship between tax avoidance can be confirmed. Research implications or Originality - This study is considered to be meaningful in that it verifies the non-linear relationship of tax avoidance, which has not been attempted in previous studies. The meaning of the inverted U-shaped nonlinear relationship presented in this study is that corporate tax avoidance acts as a factor that increases corporate value up to a certain level, but rather becomes a factor that decreases corporate value when it exceeds a critical point. These results are expected to provide new perspectives and perspectives on tax avoidance to companies belonging to the Korean capital market.

• Journal of the Korean Data and Information Science Society
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• v.24 no.2
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• pp.267-275
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• 2013

Among data mining techniques, the association rule is the most recently developed technique, and it finds the relevance between two items in a large database. And it is directly applied in the field because it clearly quantifies the relationship between two or more items. When we determine whether an association rule is meaningful, we utilize interestingness measures such as support, confidence, and lift. Interestingness measures are meaningful in that it shows the causes for pruning uninteresting rules statistically or logically. But the criteria of these measures are chosen by experiences, and the number of useful rules is hard to estimate. If too many rules are generated, we cannot effectively extract the useful rules.In this paper, we designed a variety of non-linear regression equations considering all association thresholds between the number of rules and three interestingness measures. And then we diagnosed multi-collinearity and autocorrelation problems, and used analysis of variance results and adjusted coefficients of determination for the best model through numerical experiments.

• Geomechanics and Engineering
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• v.31 no.5
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• pp.439-452
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• 2022

A forecast of slope behavior during catastrophic events, such as earthquakes is crucial to recognize the risk of slope failure. This paper endeavors to eliminate the significant supposition of predefined slip surfaces in the slope stability analysis, which questions the relevance of simple conventional methods under seismic conditions. To overcome such limitations, a methodology dependent on the slip line hypothesis, which permits an automatic generation of slip surfaces, is embraced to trace the extreme slope face under static and seismic conditions. The effect of earthquakes is considered using the pseudo-static approach. The current outcomes developed from a parametric study endorse a non-linear slope surface as the extreme profile, which is in accordance with the geomorphological aspect of slopes. The proposed methodology is compared with the finite element limit analysis to ensure credibility. Through the design charts obtained from the current investigation, the stability of slopes can be assessed under seismic conditions. It can be observed that the extreme slope profile demands a flat configuration to endure the condition of the limiting equilibrium at a higher level of seismicity. However, a concurrent enhancement in the shear strength of the slope medium suppresses this tendency by offering greater resistance to the seismic inertial forces induced in the medium. Unlike the traditional linear slopes, the extreme slope profiles mostly exhibit a steeper layout over a significant part of the slope height, thus ensuring a more optimized solution to the slope stability problem. Further, the susceptibility of the Longnan slope failure in the Huining-Wudu seismic belt is predicted using the current plasticity approach, which is found to be in close agreement with a case study reported in the literature. Finally, the concept of equivalent single or multi-tiered planar slopes is explored through an example problem, which exhibits the appropriateness of the proposed non-linear slope geometry under actual field conditions.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.51 no.3
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• pp.149-154
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• 2002

In this paper, we propose a new graphic deformation algorithm for haptic interface system. Our deformable model is based on non-linear elasticity, anisotropy behavior and the finite element method. Also we developed controller for high-speed communication. The proposed controller is based on the PCI/FPGA technology, which could progress the capability of the position calculating and the force data transmitting. The haptic system is composed of the 6DOF force display device, the high-speed controller, HIR library for 3D graphic deformation algorithm and the haptic rendering algorithm. The developed system will be used on constructing the dynamical virtual environment. We demonstrate the relevance of this approach for the real-time simulating deformations of elastic objects. To show the efficiency of our system, we programmed the simulation of force reflecting. As the result of experiment, we found that it has high stability and easy to control for deformable object than some other systems.

• Computers and Concrete
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• v.12 no.4
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• pp.393-411
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• 2013

In the analysis and design of reinforced concrete frames beam-column joints are sometimes assumed as rigid. This simplifying assumption can be unsafe because it is likely to affect the distributions of internal forces and moments, reduce drift and increase the overall load-carrying capacity of the frame. This study is concerned with the relevance of shear deformation of beam-column joints, in particular of exterior ones, on the quasi-static behavior of regular reinforced concrete sway frames. The included parametric studies of a simple sub-frame model reveal that the quasi-static monotonic behavior of unbraced regular reinforced concrete frames is prone to be significantly affected by the deformation of beam-column joints.

• Proceedings of the KIEE Conference
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• 2002.06a
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• pp.67-71
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• 2002

In this paper, we propose a new deformable model based on non-linear elasticity, anisotropic behavior and the finite element method and developed the high-speed controller for haptic control. The proposed controller is based on the PCI/FPGA technology, which can calculate the real position and transmit the force data to device rapidly, The haptic system is composed of 6DOF force display device, high-speed controller and HIR library for 3D graphic deformation algorithm & haptic rendering algorithm. The developed system will be used on constructing the dynamical virtual environment. we demonstrate the relevance of this approach for the real-time simulating deformations of elastic objects. To show the efficiency of our system, we designed simulation program of force-reflecting, As the result of the experiment, we found that the controller has much higher resolution than some other controllers.

• Earthquakes and Structures
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• v.3 no.3_4
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• pp.297-313
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• 2012

This paper is intended to show the robustness and capabilities of a coupled boundary element-finite element technique for the analysis of vibrations generated by high-speed trains under different geometrical, mechanical and operation conditions. The approach has been developed by the authors and some results have already been presented. Nevertheless, a more comprehensive study is presented in this paper to show the relevance and robustness of the method which is able to predict vibrations due to train passage at the vehicle, the track, the free-field and any structure close to the track. Local soil discontinuities, underground constructions such as underpasses, and coupling with nearby structures that break the uniformity of the geometry along the track line can be represented by the model. Non-linear behaviour of the structures can be also considered. Results concerning the excitation mechanisms, track behaviour and sub-Rayleigh and super-Rayleigh train speed are summarized in this work.

• East Asian Economic Review
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• v.28 no.2
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• pp.175-219
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• 2024

This study investigates the impact of inflation rate fluctuations on economic growth in China, with a particular focus on potential non-linear characteristics. The global economic impact of the COVID-19 pandemic notably heightens the study's relevance. The research that the unidirectional causal relationship from inflation to economic growth in China first strengthens and then weakens over time. Furthermore, there is an inflation rate threshold effect on economic growth, identified at 2%. Below this threshold, inflation positively influences economic growth, whereas above it, the impact turns negative. This finding underscores the importance of balancing economic growth with inflation control in the formulation of monetary policy.

• Structural Engineering and Mechanics
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• v.39 no.4
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• pp.599-620
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• 2011

The investigation on possible causes of failures related to documented collapses is a complicated issue, primarily due to the scarcity and inadequacy of information available. Although several studies have tried to understand which are the inherent structural deficiencies or circumstances associated to failure of the main structural elements in a reinforced concrete frame, to the authors knowledge a uniform approach for the evaluation building static vulnerability, does not exist yet. This paper investigates, by means of a detailed case study, the potential failure mechanisms of an existing reinforced concrete building. The linear elastic analysis for the three-dimensional building model gives an insight on the working conditions of the structural elements, demonstrating the relevance of a number of structural faults that could sensibly lower the structure's safety margin. Next, the building's bearing capacity is studied by means of parametric nonlinear analysis performed at the element's level. It is seen that, depending on material properties, concrete strength and steel yield stress, the failure hierarchy could be dominated by either brittle or ductile mechanisms.

• Structural Engineering and Mechanics
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• v.21 no.4
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• pp.437-450
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• 2005

In this study, a complete analysis of soil-structure interaction problems is presented which includes a modelling of the near surrounding of the building (near-field) and a special description of the wave propagation process in larger distances (far-field). In order to reduce the computational effort which can be very high for time domain analysis of wave propagation problems, a special approach based on similarity transformation of the infinite domain on the near-field/far-field interface is applied for the wave radiation of the far-field. The near-field is discretised with standard Finite Elements, which also allows to introduce non-linear material behaviour. In this paper, a new approach to calculate the involved convolution integrals is presented. This approximation in time leads to a dramatically reduced computational effort for long simulation times, while the accuracy of the method is not affected. Finally, some benchmark examples are presented, which are compared to a coupled Finite Element/Boundary Element approach. The results are in excellent agreement with those of the coupled Finite Element/Boundary Element procedure, while the accuracy is not reduced. Furthermore, the presented approach is easy to incorporate in any Finite Element code, so the practical relevance is high.