• Title/Summary/Keyword: correlation effect size

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Determinants of Capital Structure:The Case in Vietnam

  • VU, Thu Minh Thi;TRAN, Chung Quang;DOAN, Duong Thuy;LE, Thang Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.159-168
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    • 2020
  • This is a quantitative research, underpinned by the philosophy of natural science and deduction approach that examines the impact of the various aspects of corporate governance mechanism on the choice of capital structure of Vietnamese listed firms. We focus on the effect of factors such as the board size, the board independence, and especially different ownership structures, which include the managerial ownership, the state ownership, the concentrated ownership, and the foreign ownership. They are the main scopes of corporate governance and are supposed to be relevant to determine the corporate financing choice. To explain the causal relationship between factors, we construct the regression model and then test it by using different statistical method approaches, including the pooled OLS, the fixed effects model, and the random effects model. Data are collected from 336 firms with shares listed in the Ho Chi Minh City Stock Exchange in Vietnam, totaling 1583 observations. Overall, the results reveal that the board size, state ownership, and concentrated ownership have positive impact on the firm's capital structure, whereas foreign ownership appears to have negative influence on the capital structure. The research does not find evidence of a the correlation between board independence, managerial ownership and corporate capital struture.

Influence Nb Addition and Transformation Temperature on Impact Properties of Low-Carbon Steels (Nb 첨가에 따른 저탄소강의 충격 특성에 미치는 변태 온도의 영향)

  • Lee, Sang-In;Kang, Jun-Young;Hwang, Byoungchul
    • Korean Journal of Materials Research
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    • v.26 no.11
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    • pp.590-597
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    • 2016
  • In this study, six kinds of low-carbon steel specimens with different ferrite-pearlite microstructures were fabricated by varying the Nb content and the transformation temperature. The microstructural factors of ferrite grain size, pearlite fraction, interlamellar spacing, and cementite thickness were quantitatively measured based on optical and scanning electron micrographs; then, Charpy impact tests were conducted in order to investigate the correlation of the microstructural factors with the impact toughness and the ductile-brittle transition temperature (DBTT). The microstructural analysis results showed that the Nb4 specimens had ferrite grain size smaller than that of the Nb0 specimens due to the pinning effect resulting from the formation of carbonitrides. The pearlite interlamellar spacing and the cementite thickness also decreased as the transformation temperature decreased. The Charpy impact test results indicated that the impact-absorbed energy increased and the ductile-brittle transition temperature decreased with addition of Nb content and decreasing transformation temperature, although all specimens showed ductile-brittle transition behaviour.

Effect of Iron Co-deposited Nickel on the Microstructures and Properties of Electroplated Nanocrystalline Nickel-iron Alloys (전착된 나노 결정질 니켈-철 합금의 미세구조 및 물성에 대한 철의 영향)

  • Byun Myung-Hwan;Cho Jin-Woo;Song Yo-Seung
    • Journal of Surface Science and Engineering
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    • v.38 no.4
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    • pp.156-162
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    • 2005
  • Nickel-iron nanocrystalline alloys with different compositions and grain sizes were fabricated by electro-plating for MEMS devices. The iron content of the deposits was changed by varying the nickel/iron ion ratio in the electrolyte. X-ray diffraction (XRD) analysis was applied for measuring the strength of the texture and grain size of the deposits. The nickel/iron atom ratio of the deposits was analyzed by EDS. The hardness of the alloys was evaluated by Vickers hardness indenter. The internal stress of the deposits was measured by Thin Film Stress Measurement using Stoney's formula. Surface morphology and roughness were investigated by Scanning Electron Microscopy (SEM) and Atomic Force Microscopy (AFM). The results of this study revealed that at a grain size of approximately $17\~24$nm the hardness, internal stress and roughness depend strongly on the iron content. With increasing the iron content, the hardness and internal stress of the deposits increased. An excellent correlation between the increase in the internal stress and the loss of (200) texture was found.

Factors Affecting Capital Structure of Listed Construction Companies on Hanoi Stock Exchange

  • NGUYEN, Nguyet Minh;TRAN, Kien Trung
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.689-698
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    • 2020
  • The aim of this article is to determine the influence of factors on the capital structure of construction companies listed on the Hanoi Stock Exchange. The data of the article were collected and calculated from the financial statements of 54 construction companies listed on Hanoi Stock Exchange from 2012 to 2019. With the application of E-view software in quantitative analysis to build panel data regression model (panel data), the article has built a regression model to determine the relationship of intrinsic factors affecting the capital structure of construction companies listed on Hanoi Stock Exchange. In the study, dependent variable is capital structure, determined by the debt-to-equity ratio. Profitability, coefficient of solvency, size, loan interest rate, structure of tangible assets, and growth are independent variables. The results showed that the two factors of growth and firm size positively affect the capital structure, the profitability factor has the opposite effect on capital structure. Factors of short-term debt solvency, average loan interest rate and tangible asset structure have no correlation with capital structure. The findings of this article are useful for business administrators, helping business managers make the right financial decisions to make capital structure decisions in their own conditions.

Response of a Miscanthus sinensis Grassland in an Early Successional Old-Field to Fertilization

  • Song, Jong-Suk
    • Journal of Plant Biology
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    • v.37 no.1
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    • pp.1-8
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    • 1994
  • The effects of fetilization on the structure and function of an early successional Miscanthus sinensis grassland were investigated in an old-field ecosystem at Honjo city, Saitama Prefecture, Japan from 1981 to 1982. Compared to control plot, life form composition of treatment plot was characterized by a decrease of phanerophytes and an increase of hemicryptophytes. Fertilization had a beneficial effect on the growth in aboveground phytomass of M. sinensis, the dominant species. However, it did not cause a change in the total number of stems of M. sinensis. Annual increment of patch diameter of M. sinensis was estimated to be 6-8 cm on an average and there was no significant differecne in the growth rate of patch size between fertilized and nonfertilized plots. To estimate the aboveground phytomass of M. sinensis, several non-destructive parameters were examined. As a result, the patch size showed a high correlation with aboveground phytomass. Thus the patch size was suggested to be most applicable to its estimation. Diversity indices based on phytomass data of component species were increased slightly by fertilizatin, because relative dominance of some other species, especially of Artemisia princeps increased, while that of M. sinensis decreased. Fertilizer application resulted in a decrease in the total number of species.

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The effect of geometrical parameters on the radon emanation coefficient and different radon parameters

  • Entesar H. El-Araby;A. Azazi
    • Nuclear Engineering and Technology
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    • v.55 no.11
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    • pp.4096-4101
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    • 2023
  • Radon is a radioactive gas produced from the uranium-238 series. Radon gas affects public health and is the second cause of lung cancer. The study samples were collected from one area of the city of Jazan, southwest of the Kingdom of Saudi Arabia. The influence of engineering and physical parameters on the emanation coefficient of gas and other gas parameters was studied. Parameters for radon were measured using a CR-39 Solid-State Nuclear Track Detector (SSNTD) through a sealed emission container. The results showed that the emanation coefficient was affected directly by the change in the grain size of the soil. All parameters of measured radon gas have the same behavior as the emanation coefficient. The relationship between particle size and emanation coefficient showed a good correlation. The values of the emanation coefficient were inversely affected by the mass of the sample, and the rest of the parameters showed an inverse behavior. The results showed that increasing the volume of the container increases the accumulation of radon sons on the wall of the container, which increases the emission factor. The rest of the parameters of radon gas showed an inverse behavior with increasing container size. The results concluded that changing the engineering and physical parameters has a significant impact on both the emanation coefficient and all radon parameters. The emanation coefficient affects the values of the radiation dose of an alpha particle.

Estimation of Bolted Joint Strength of Flat Plate of Glass-Mat Reinforced Thermoplastics (GMT 평판의 볼트조인트 강도 평가)

  • Kang, Wan-Seok;Min, Ji-Hyun;Lee, Jae-Wook;Im, Yong-Taek
    • Transactions of the Korean Society of Mechanical Engineers A
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    • v.27 no.10
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    • pp.1636-1643
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    • 2003
  • In this study, bolted joint made of Glass-Mat Reinforced Thermoplastics (GMT) specimen was under tensile loading to investigate the relation between joint strength and glass-fiber weight fraction of the flat plate specimen. The effect of molding conditions such as the initial size of a GMT charge and molding temperatures was investigated under plane strain condition. In consideration of the specimen geometry, minimum end distance and width of the specimen to induce the bearing fracture mode of the bolted joint were determined. And finally, the effect of the outer diameter of washer and clamping pressure on joint strength was also investigated. Since joint strength is dependent on the local glass-fiber weight fraction, experimentally measured strength was modified, considering its irregular values of the specimen molded under various processing conditions in order to obtain a reasonable correlation between the two.

Material Nonlinear Analysis of RC Beams (철근 콘크리트 보의 재료비선형 해석)

  • 곽효경;김지은
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 1998.10a
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    • pp.133-140
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    • 1998
  • Material nonlinear analyses of RC(Reinforced Concrete) beams considering the tension stiffening effect and plastic hinge length have been conducted. Instead of taking the sophisticated layer approach which has some limitations in application to the large structures with many degrees of freedom. the moment-curvature relationships of RC sections previously constructed through the section analysis have been used. To reduce the numerical instability in nonlinear analysis and to remove the imprecision in calculation of ultimate resisting capacity, according to the used finite element mesh size, the tension stiffening effect and plastic hinge length have been taken into consideration. Finally, correlation studies between analytical and experimental results have been conducted with the objective to establish the validity of the proposed algorithms.

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Analysis of Interorganizational Systems Effect to Supply Chain Partnership and Performance (기업간 정보시스템이 공급사슬 파트너쉽 및 성과에 미치는 영향 분석)

  • Han Hyun-Soo;Sawng Yeong-Wha;Noh Ji-Chul
    • Journal of Information Technology Applications and Management
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    • v.13 no.2
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    • pp.41-54
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    • 2006
  • In this paper, we investigate the inter-organizational information systems effect to supply chain partnerships, and subsequently to the performance. The conceptual model for the causal relationships among interorganizational systems usage, interaction, partnership, and supply chain performances has been developed. Theoretical framework is based on the partnership research in relationship marketing area, and the interaction model from IMP group. The questionnaires are designed to test the hypotheses of the conceptual model. The survey result supports our hypotheses that collaborative IT effects to increase the interaction between the firms, and interaction causes to enhance the partnership quality. Also, the level of partnership shows strong positive correlation with the supply chain performances. Despite the limitations of collected sample data size, our study reveals the fact that inter-organizational information systems contribute to supply chain performance through enhancing the interaction and partnership level between the supply chain partners. Our research result is distinct from the most extant literatures that investigated the firm's collaboration impact on interorganizational systems usage.

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Development of the vapor film thickness correlation in porous corrosion deposits on the cladding in PWR

  • Yuan Shen;Zhengang Duan;Chuan Lu ;Li Ji ;Caishan Jiao ;Hongguo Hou ;Nan Chao;Meng Zhang;Yu Zhou;Yang Gao
    • Nuclear Engineering and Technology
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    • v.54 no.12
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    • pp.4798-4808
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    • 2022
  • The porous corrosion deposits (known as CRUD) adhered to the cladding have an important effect on the heat transfer from fuel rods to coolant in PWRs. The vapor film is the main constituent in the two-phase film boiling model. This paper presents a vapor film thickness correlation, associated with CRUD porosity, CRUD chimney density, CRUD particle size, CRUD thickness and heat flux. The dependences of the vapor film thickness on the various influential factors can be intuitively reflected from this vapor film thickness correlation. The temperature, pressure, and boric acid concentration distributions in CRUD can be well predicted using the two-phase film boiling model coupled with the vapor film thickness correlation. It suggests that the vapor thickness correlation can estimate the vapor film thickness more conveniently than the previously reported vapor thickness calculation methods.