• 아태비즈니스연구
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• 제14권4호
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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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• 제24권2호
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• pp.267-275
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• 2013

데이터 마이닝 기법들 중에서도 연관성 규칙은 가장 최근에 개발된 기법으로 대용량 데이터베이스에서 각 항목들 간의 관련성을 찾아내며, 두 항목간의 관계를 명확히 수치화함으로써 두 개 이상의 항목간의 관련성을 표시하여 주기 때문에 현장에서 직접 적용이 가능하다. 일반적으로 연관성 규칙 생성 여부를 판단할 때, 각 항목간의 연관성을 반영하는 기준인 지지도, 신뢰도, 향상도 등의 흥미도 측도를 활용하게 된다. 실제적으로 연관성 규칙의 수를 결정하기 위해서는 이들 흥미도 측도들의 평가기준을 정하기 위해 반복적으로 조정 과정을 거쳐야 한다. 본 논문에서는 이러한 문제를 해결하기 위해 연관성 평가기준 모두를 일반적으로 많이 활용되고 있는 비선형 회귀모형에 적용하여 연관성 규칙의 수를 추정하는 방안을 강구하였다. 또한 분산팽창계수를 이용하여 다중공선성 문제를 진단하는 동시에 분산분석 결과와 수정 결정계수를 이용하여 각 모형의 기여도를 비교하여 가장 바람직한 회귀 모형을 구하였다.

• Geomechanics and Engineering
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• 제31권5호
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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.

• 전기학회논문지P
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• 제51권3호
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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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• 제12권4호
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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.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2002년도 학술대회 논문집 전문대학교육위원
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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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• 제3권3_4호
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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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• 제28권2호
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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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• 제39권4호
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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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• 제21권4호
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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.