• Journal of Distribution Science
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• v.12 no.2
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• pp.39-47
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• 2014

Purpose - The ultimate goal of a franchise system comes from its win-win strategy. Agency theory uses goal incongruity to examine complex contracting problems between buyers and suppliers. Goal incongruity within a contractual relationship can be defined as the agent's desire not to cooperate. It is the degree to which the contractual terms do not satisfy the agent's goals. The greater the goal incongruity between the agent and the contract, the more likely it is that the agent will meet the terms of the contract. Thus, goal incongruity between buyers and suppliers has close relationships with both behavioral and financial performance. This study tries to examine these relationships in the franchise context using a model including related variables, such as regulatory foci, financial performance, and opportunism, to explain the reasons that not all franchisees perform their best. In particular, the study examines the effects of goal incongruity on regulatory focus, and the effects of regulatory focus on performance and opportunism. In short, the objective is to determine goal incongruity's effect on regulatory foci, and the effect of regulatory focus on performance and opportunism. Research design, data, and methodology - This study used data collected from the franchisee managers of 104 franchisors in South Korea. The franchisors include more than 10 franchisees, the majority of whom have been in business for more than five years. The study also surveyed 104 franchisees, matched with their franchisors for the sake of a dyadic approach. The study used regression analysis to test the hypotheses. Results - H1 and H2 predicted that goal incongruity would decrease promotion focus and increase prevention focus. Supporting H1, the result indicates goal incongruity had a positive effect on promotion focus. However, H2 was not supported. Goal incongruity had no significant effect on prevention focus (β = -.375, t = -4.331 and β = -.145, t = -1.950, respectively). H3 and H4 predicted that promotion focus would increase financial performance and decrease opportunism. Supporting these hypotheses, the results indicate that promotion focus had a positive effect on financial performance and a negative effect on opportunism (β = .771, t = 7.899 and β = -.765, t = -6.778, respectively). H5 and H6 predicted that prevention focus would decrease financial performance and increase opportunism. However, the results do not support these hypotheses. The results indicate that prevention focus had no effects on opportunism or financial performance (β = -.130, t = -1.070 and β = .090, t = .641, respectively). Overall, the evidence generally supported the hypotheses. Conclusion - Goal incongruity between a franchisor and a franchisee increases the franchisee's financial performance and opportunism, and the relationship is mediated by promotion focus. Interestingly, however, prevention focus has no mediating effect between goal incongruity and performance. Even though no significant relation exists between goal incongruity and prevention focus, the results have two implications. First, decreasing goal incongruity can improve financial performance and suppress franchisee opportunism. Second, the relationship between goal incongruity and performance affects promotion-focused franchisees.

• Journal of the Society of Naval Architects of Korea
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• v.56 no.1
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• pp.23-33
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• 2019

Unmanned Surface Vehicle (USV) is being developed to do maritime survey and maritime surveillance at Korea Research Institute of Ships & Ocean engineering (KRISO). The goal is that USV should be operated at the maximum speed of 45 knots and it should be operated at sea state 4. Therefore the planing hull of USV should be excellent in resistance performance and manoeuvring performance. It is needed to check its performance using Experimental Fluid Dynamics (EFD), Computational Fluid Dynamics (CFD) or analytic method before designing the hull. In this study, resistance performance was analyzed by EFD and CFD. EFD with heave and pitch was performed at high speed towing system in Seoul National University. CFD was performed using SNUFOAM based on openFOAM with dynamic mesh to calculate running attitudes. The results of CFD were compared with EFD results. The results of CFD were resistance, running attitudes and wave height. The flow distribution and pressure distribution were also analyzed. The results of numerical resistance was under estimated than EFD. Even though the results of CFD have a slight limitation, it can be successfully used to estimate the resistance performance of planing hull. In addition it can be used as a supplement for EFD results.

• Structural Engineering and Mechanics
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• v.68 no.4
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• pp.485-495
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• 2018

This paper presents the results of an experimental study on the structural performance of an innovative GFRP-concrete composite beam construction, which is reinforced with longitudinal GFRP pultruded box-profile and transverse steel stirrups. GFRP perfobond (PBL) shear connectors are employed to enhance the bonding performance between the GFRP profile and the concrete portion. To investigate the shear and flexural performance of this composite system, eight specimens were designed and tested under three-point and four-point bending. The main variables were the height of the composite beam and the shear span-to-depth ratio. The test results indicated that bonding cracks did not occur at the interface between the GFRP profile and the concrete until the final stage of the test. This shows that the specimens performed well as composite beams during the test and that the GFRP PBL connectors were reliable. Based on the test results, two calculation methods were used to determine the flexural and shear capacity of the composite beams. A comparative study of the test and theoretical results suggests that the proposed methods can reasonably predict both the flexural and shear capacities of the specimens, whereas the provisions of ACI 440 are relatively conservative on both counts.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.43 no.1
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• pp.79-86
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• 2020

The effects of R&D investment on innovation such as patents and intangible assets, and the effect on the corporate performance such as revenue and profit growth, were analyzed using path analysis. In particular, this study compared and analyzed the performances of non-cooperative R&D and cooperative R&D. The results of this study are summarized as follows. First, R&D investment has a significant impact on innovation performance. This supports the existing research results. Second, patents have a significant impact on intangible asset growth. Third, in the case of corporate groups carrying out cooperative R&D, intangible asset growth forms a significant causal relationship with revenue growth. Fourth, in case of cooperative R&D, intangible asset growth has a significant mediating effect between patent and revenue growth. Like the existing research, the results of this research support the innovation performance of R&D investment. It also supports the existing argument that the results of cooperative R&D are more favorable to increase corporate value. However, unlike the existing research, we found a path leading to increased revenue through patents and intangible assets, and confirmed that such a path is likely to be achieved through cooperative R & D rather than internal R&D.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.10
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• pp.675-685
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• 2020

The main purpose of this study is to investigate the potential effect of ownership concentration on the relationship between board composition and bank performance. The study employs a sample of Saudi banks listed on Saudi stock exchange (TADAUWL) over the period from 2011 to 2018. To test the study hypotheses and control for endogeneity issues, the Ordinary Least Square (OLS) and the Two-Stage Least Squares (2SLS) techniques are used. The empirical results reveal a significant negative moderating effect of ownership concentration on the association between board composition and bank performance, which confirms the study argument and supports hypotheses. The results indicate that board composition in terms of independent board members, executive board members, and non-executive board members in banks with higher ownership concentration have a weaker positive influence on bank performance. For control variables, the results are almost consistent with theoretical perspectives and previous empirical evidence. The results of this study have important implications for regulatory authorities, companies, and market participants in Saudi Arabia and countries with high concentrated ownership to understand how ownership concentration could affect corporate governance and firm performance and to identify appropriate actions to protect board composition from the influence of ownership concentration.

• Journal of Korean Clinical Health Science
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• v.4 no.4
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• pp.756-761
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• 2016

Purpose. Noise occurs at measuring Electoretinogram(ERG) signals as the other bio-signal measurement. It is compared the denoising performance according to the mother function of wavelet transforms. Methods. The ERG signal that generated power supply noise and white noise was used as a sampling signal. The noise of ERG signal was filtered by using haar, db7, bior mother function. The filtering performance of each mother functions was compared using Fourier transform spectrum and SNR(signal to noise ratio). Results. In the haar functioin, the result of the Fourier transform spectrum was that the power supply noise is removed and the white noise performance is not good. The SNR was 27.0404. In the db7 function, the results of Fourier transform spectrum was that the power supply noise is removed and the white noise performance is good. The SNR was 35.1729. In the db7 function, the results of Fourier transform spectrum was that the power supply noise is removed and the white noise performance is the bset. The SNR was 35.4445. Conclusions. The db7, bior function was good results in power supply noise and white noise filtered. The bior function is suitable for filtering noise of the ERG signal.

• Journal of the Architectural Institute of Korea Structure & Construction
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• v.34 no.12
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• pp.41-49
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• 2018

The current housing performance rating system displays the performance rating of the houses supplied by the housing construction company, approved by the Housing Law. This system is intended to provide accurate information to the consumers in the announcement of the tenant recruitment, thereby improving the quality of the housing. This system was revised in January 2005 and implemented from January 2006. It is obligatory for companies with a scale of more than 1,000 households (energy performance rating is over 300 households), but there is currently no content on the waterproofing field. Therefore, this study suggests the revision plan proposes the necessity of the inclusion of the performance grade for the waterproofing field which is not currently implemented in the apartment house performance rating system, and to understand how to secure an adequate living environment. As a result, according to survey results, the performance score based on the difficulty of the maintenance method according to future leaks was selected and the revised system was prepared. Based on this, the performance grade for the virtual apartment was evaluated, and the results show that the performance of various grades is presented accordingly.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.4
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• pp.1047-1056
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• 2021

The study aims to analyze the performance-prove goal orientation and organizational culture on employee work performance of performance appraisal by placing employee work motivation as an interning variable. The study was conducted on a quota sample basis with 134 employees and staff in educational institutions under the auspices of Islamic educational institutions in Banyuwangi, East Java, Indonesia. Analysis through structural equation modeling (SEM) was done, and results were obtined which showed that there is an influence of institutional culture on employee motivation and that there is an effect of employee motivation on performance appraisal. However, the statistical output showed that there is no significant effect of performance-prove goal orientation on employee motivation. In testing the mediating effect, the results showed the significant influence of employee motivation in bridging the relationship between organizational culture on performance appraisal, and performance-proven goals and performance appraisal. The theoretical contributions of the findings were in its examination of performance-prove goal orientation with motivational encouragement in educational institutions to analyze the extent to which an individual's self-confidence was able to integrate patterns in distinguishing the approach used, how to use, and the response to a specific situation of directing toward organizational achievement.

• The Journal of Information Technology
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• v.2 no.2
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• pp.1-12
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• 1999

The purpose of this study is to classify the determinants of channel performance and to reveal the contribution of classified performance factor on the total distribution performance of individual channel members. The empirical results of this study confirm that channel member performance is too rich and complex to be accurately reflected in a single item or even limited domain performance measures. The respondents in our sample monitored a lot of different facets of performance, indicating their belief in the multidimensional nature of performance. Our finding that outcome-based monitoring was particularly pervasive was not surprising given that managerial attention to end results is expected since those results are necessary for continued survival of the dealership. However, the dealership owner were not content to rely exclusively on these outcome performance indicators. They also gathered information on the efforts and activities that lead to those outcomes as well as other facets of information such as customer satisfaction and selling skills of salesperson. Limiting the definition and measurement of performance to outcomes only, or to a single item measure would have failed to capture important facets of performance, and could distort he relationship between the managerial variables and performance.

• Proceedings of the KSR Conference
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• 2011.05a
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• pp.93-97
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• 2011

This paper presents the performance and test results of propulsion system which is met the requirements of urban MAGLEV. The design of propulsion system should be considered the effect of attractive force by the magnetic levitation and train running resistance. In this paper, the tractive and braking thrust are calculated and the train performance is simulated for the service track. Finally the test results of complete car are shown to verify the performance.