• 제목/요약/키워드: Stability provisions

검색결과 38건 처리시간 0.019초

The Impact of Operating Cash Flows on Financial Stability of Commercial Banks: Evidence from Pakistan

  • ELAHI, Mustahsan;AHMAD, Habib;SHAMAS UL HAQ, Muhammad;SALEEM, Ali
    • The Journal of Asian Finance, Economics and Business
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    • 제8권11호
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    • pp.223-234
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    • 2021
  • This study aims to examine whether operating cash flows influence banks' financial stability in Pakistan. The study employed annual panel data collected from annual reports of 20 commercial banks listed on the Pakistan Stock Exchange for the year 2011 to 2019. Free cash flow yield was taken as the dependent variable while cash flow ratio was selected as the independent variable, and net interest margin, income diversification, asset quality, financial leverage, the cost to income ratio, advance net of provisions to total assets ratio, capital ratio, financial performance, breakup value per share and bank size were taken as control variables. The study performed ordinary least square technique, random and fixed effects models, Hausman test, Lagrange multiplier test, descriptive and correlation analysis. Results showed that operating cash flows and net interest margin significantly and positively influenced banks' financial stability while the cost to income ratio and advances net of provisions to total assets ratio significantly and negatively associated with banks' financial stability. To improve financial stability, banks should become more cost-effective and enhance their liquidity levels by lowering lending activities. In the future, it would be useful to compare commercial and investment banks, also Islamic and conventional banks in the same research setting.

어선의 전복사고 원인별 분석에 관한 연구 (A Study on the Cause Analysis for the Capsizing Accident in Fishing Vessels)

  • 정창현;박영수;김종성;김세원
    • 수산해양교육연구
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    • 제24권1호
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    • pp.1-8
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    • 2012
  • In recent 5 years, the 70 percent of the ship's accident was occurred in the fishing vessels, and most of them were the engine troubles and collisions. The capsizing accident was comparatively low portion of occupation, which took only 2 percent, but the scale of accident and the loss of lives and property are known very tremendous. In this paper, it was examined for the stability provisions of fishing vessels in domestic and international to reduce the capsizing of them. Also, it was made an analysis for the case of capsizing accidents to suggest the measures against the capsizing.

교량케이슨기초의 최적신뢰성 설계 규준 (Optimum Reliablity Based Design Criteria for Bridge Cassion Foundation)

  • 손용우;신형우;이증빈;정철원
    • 한국전산구조공학회:학술대회논문집
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    • 한국전산구조공학회 1992년도 가을 학술발표회 논문집
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    • pp.79-89
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    • 1992
  • This study is directed to propose a stability analysis and Design Criteria for Bridge Caisson foundations, with Could possibly replace the traditionals W.S.D. provisions of the Current Code, based on the FBOR(Load Factors based on optimum Reliability). The optimum reliability indices(Vertical bearing Capacity : $\beta$opt : 3.19, Lateral bearing Capacity : $\beta$opt= 3.15(ordinary), $\beta$opt : 2.93 (earthquake), Shearing resistance Capacity ; $\beta$opt : 2.87) are Selected as optimal Values Considering our practice base on the Calibration with the current Bridge Caisson foundation design Safety provisions, Load and resistance factors are measure by Using the proposed uncertainties and the Selected optimum reliability indices. furthermore, a set of nominal safety factors are proposed for the U.S.D. design provisions.

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ISDS 포럼쇼핑 방지를 위한 투자협정상 MFN 배제조항 (MFN Restrictions in Investment Agreements for the Prevention of ISDS Forum Shopping)

  • 허난이
    • 한국중재학회지:중재연구
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    • 제28권4호
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    • pp.173-191
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    • 2018
  • MFN provisions in investment agreements have been a tool for equitable treatment between foreign investors with different nationalities. This non discriminatory principle has been pursued by the host states for further investment promotion. However, it may be abused to bring the situation of so called "ISDS forum shopping" which might harm the stability and predictability of investment agreements by unexpectedly extending the scope of obligations. While some investment arbitral tribunals have interpreted the scope of MFN provision very broadly to allow the ISDS forum shopping, both procedural and substantive provisions have been invoked. To prevent any chaos of unclear boundary of MFN provision, some explicit MFN restrictions which would limit the scope of MFN provision are needed. Indeed, some investment agreements have included these MFN restrictions. Specifically, MFN restrictions deal with both procedural or substantive provisions to prevent ISDS forum shopping. According to the lessons from the recent examples of MFN restrictions, there must be a careful consideration on the benefits and costs of having a certain type of MFN restriction as the parties can be the host state and the home state of their investors at the same time.

중국 중재제도의 특징에 관한 소고 (A Study on the Characteristic of Chinese Arbitration System)

  • 이주원
    • 한국중재학회지:중재연구
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    • 제15권3호
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    • pp.113-137
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    • 2005
  • In the provisions of 'the Arbitration Law of China, there are special provisions for international arbitration. When a court refuses the recognition and enforcement of foreign arbitral awards or cancel the domestic awards relating to international arbitration, they have to adopt the provisions of 'Chinese Civil Procedure Law'. These provisions are the same as the provisions of Korean Civil Procedure Law concerning the reasons of renewal. In the Korean Arbitration Act, those provisions disappeared when it was revised on December 31, 1999. Among the characteristics of the Chinese arbitration system, a serious question is that it provides only institutional arbitration and there is no ad-hoc arbitration in the Chinese Arbitration Law. On the other hand, when the parties appoint three arbitrators according to their agreement, the parties appoint the third arbitrator by mutual agreement and when they fail to agree, the Arbitration Committee appoints the third arbitrator. In practice, as the parties hardly agree on the third arbitrator or sole arbitrator, the Committee usually appoints them. And appointing an arbitrator from out of their panel of arbitrators is permitted these days only under examination by the Arbitration Committee in accordance with the arbitration rules of the China International Economic and Trade Arbitration Commission, Other arbitration committees except the China International Economic and Trade Arbitration Commission are still prohibited from making appointments from out of their panel of arbitrators. Accordingly, arbitration in China cannot be predicted and poses a question about legal stability as party autonomy is restricted in the appointment of arbitrators and arbitral procedure. Such being the case it is strongly recommended to select Korea as the place of arbitration in transactions with China. However it is better to arbitrate than to file a law suit in China.

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지진 하중을 받는 원통형 플랜트 탱크 구조물의 축방향 허용압축응력 설계기준 비교 연구 (Comparison of Allowable Axial Stress Provisions of Cylindrical Liquid Storage Tanks under Seismic Excitation)

  • 오창국;이소리;박장호;배두병
    • 한국강구조학회 논문집
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    • 제28권4호
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    • pp.293-301
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    • 2016
  • 건플랜트 내부의 주요 시설물인 원통형 액체저장탱크에 지진 하중이 작용하면 탱크 벽체에 좌굴이 발생하여 큰 손실을 초래할 수 있다. 탱크 구조물 설계시 좌굴에 대한 허용응력을 규정한 국내 기준은 일관성이 부족하고 근거가 미약하여 주로 국외의 API 650, BS EN 1998-4:2006, 뉴질랜드 기준 등을 차용하고 있다. 본 연구에서는 서로 다른 형상 비를 갖는 탱크 구조물에 대해 응답스펙트럼해석을 수행하여 유체 동압력을 산정한 후 재료 및 기하비선형을 고려한 비선형 좌굴해석을 수행하여 축방향 허용좌굴응력을 산정하고 국외 기준과의 비교를 통해 적절한 국내 기준을 제안하였다.

미끄럼 방지용 금속 그레이팅의 구조적 안정성 평가 (Structural Stability Estimation of Non-slip Steel Grating)

  • 손인수
    • 한국산업융합학회 논문집
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    • 제24권4_2호
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    • pp.501-507
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    • 2021
  • In this study, In order to prevent the safety accidents caused by the sliding, to develop the non-slip grating, the stability judgment based on the span length of the grating and the gap of the bearing bar is performed. The structural analysis of Grating was carried out in accordance with the provisions set out in Grating's load-bearing test conditions. As the span length increases, the deflection increases and the stress and span length tend to be proportional to each other. It was shown that the larger the span, the linear increase in stress and exponential increase in deformation of grating. The maximum stress of grating was approximately 58.2 MPa, indicating a very stable safety rate of about 4.3 compared to the yield strength of the grating material. Based on these results, it will be able to be utilized as the basic data for determining the optimal dimensions of non-slip grading by performing optimal designs in the future.

도시주부 가계재무관리행동의 변화지향성에 따른 가계재무건전성 및 재정만족도 차이 (The Difference between Financial Stability and Satisfaction according to Change-orientation of Urban Housewives' Family Financial Management Behavior)

  • 정미선;계선자;강혜경
    • 가정과삶의질연구
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    • 제26권5호
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    • pp.391-403
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    • 2008
  • The purpose of the study was to find the level of family financial management behavior of urban housewives and to discern the difference between financial stability and financial satisfaction according to change-orientation of financial management behavior among urban housewives, and thus provide the fundamental data to improve stability and financial satisfaction. The following findings emerged during the study: First, groups with higher change-oriented family financial management behaviors among housewives subjectively felt more financial satisfaction than other groups. Second, groups with above average levels of change-oriented management behavior appeared to have more stable families than groups with below average objective financial stability, emergency funds, risk provisions, debt burdens and liquid index. Third, groups with high levels of change-oriented family financial management behavior had higher financial satisfaction.

파괴역학에 근거한 철근콘크리트 보의 휨 파괴거동 (Flexural Fracture Behavior of Reinforced Concrete Beam Based on Fracture Mechanics Approach)

  • 어석홍;최덕진;홍기호;김희성
    • 한국콘크리트학회:학술대회논문집
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    • 한국콘크리트학회 2002년도 가을 학술발표회 논문집
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    • pp.149-154
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    • 2002
  • An analytical fracture mechanics approach was used to investigate the fracture behavior of reinforced concrete beams. By use of this approach based on fracture mechanics concepts, the crack width and length as well as the strength and cracking stability of reinforced concrete beams were investigated. The results obtained from the analytical studies were also discussed in terms of the minimum reinforcement ratio and crack width specified in design code provisions. The analytical approach based on fracture mechanics concepts are very useful to predict the fracture behavior of reinforced concrete beams.

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지진진동수에 따른 콘크리트 중력댐의 내진성능에 대한 해석적 사례연구 (Numerical Study on Earthquake Performance of Gravity Dam Considering Earthquake Frequencies)

  • 채영석;민인기
    • 한국안전학회지
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    • 제31권4호
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    • pp.64-74
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    • 2016
  • Recently, the seismic stability evaluation of concrete gravity dams is raised due to the failure of dams occurred by the Izmit, Turkey and JiJi, Taiwan earthquake in 1999. Dams failure may incur loss of life and properties around the dam as well as damage to dam structure itself. Recently, there has been growing much concerns about "earthquake - resistance" or "seismic safety" of existing concrete gravity dams designed before current seismic design provisions were implemented. This research develops three evaluation levels for seismic stability of concrete gravity dams on the basis of the evaluation method of seismic stability of concrete gravity dams in U.S.A., Japan, Canada, and etc. Level 1 is a preliminary evaluation which is for purpose of screening. Level 2 is a pseudo-static evaluation on the basis of the seismic intensity method. And level 3 is a detail evaluation by the dynamic analysis. Evaluation results on existing concrete gravity dams on operation showed good seismic performance under designed artificial earthquake(KHC earthquake).