• 유통과학연구
• /
• 제19권1호
• /
• pp.27-35
• /
• 2021

Purpose: This study is to investigate the effect of managerial ownership level in distribution and service companies on the stock price crash. The managerial ownership level affects the firm's information disclosure policy. If managers conceal or withholds business-related unfavorable factors over a long period, the firm's stock price is likely to plummet. In a similar vein, management's equity affects information opacity, and information asymmetry affects stock price collapse. Research design, data, and methodology: A regression analysis is conducted using the data on companies listed on the Korea Composite Stock Price Index (KOSPI) between 2012-2017 to examine the effect of the managerial ownership level on stock price crash risks. Results: Logistic and regression results indicate that the stock price crash risk was reduced as managerial ownership levels are increased. The managerial ownership level has a significant negative coefficient on stock price crash risk, negative conditional return skewness of firm-specific weekly return distribution, and asymmetric volatility between positive and negative price-to-earnings ratios. Conclusions: As the ownership and management align, the likeliness of withholding business-related information is reduced. This study's results imply that the stock price crash risk reduces as the managerial ownership level increases because shareholder and manager interests coincide, thereby reducing information asymmetry.

• 소성∙가공
• /
• 제12권4호
• /
• pp.320-327
• /
• 2003

This paper is concerned with forming analysis of Front Side Members and effects of the forming analysis on crash analysis of an auto-body. For efficient forming analysis, equivalent draw-bead restraining forces are calculated with ABAQUS/Standard and then used as the boundary condition in forming simulation. In order to demonstrate the validity of the forming analysis, the thickness variation in the numerical simulation result is compared quantitatively with the one in the real product. Forming histories obtained kom the forming analysis are utilized as the initial condition of the crash analysis for accurate assessment of the crashworthiness. Crashworthiness such as the load-carrying capacity, crash mode and the energy absorption is evaluated and investigated for the identification of forming effects.

• 한국정밀공학회:학술대회논문집
• /
• 한국정밀공학회 2005년도 춘계학술대회 논문집
• /
• pp.322-325
• /
• 2005

TTX(Tilting Train eXpress) is being designed for improving the speed of conventional railway. The purpose of this study is to evaluate energy absorbing capacity and driver's survivability for a design candidate of the front end structure of TTX. A FE model with honeycomb block, under frame, and body frame is generated for crash simulation. Based on a level-crossing accident scenario, numerical simulation is performed using LS-DYNA. The results of crash analysis show that strength improvement of the current front end structure design candidate is needed to ensure driver safety.

• Structural Engineering and Mechanics
• /
• 제37권6호
• /
• pp.617-632
• /
• 2011

A concept of crash energy absorbing (CEA) lattice structure for an inflatable morphing vehicle body (Lee et al. 2008) has been investigated as a method of providing rigidity and energy absorption capability during a vehicular collision (Lee et al. 2007). A modified analytical model for the CEA lattice structure design is described in this paper. The modification of the analytic model was made with a stiffness approach for the elastic region and updated plastic limit analysis with a pure plastic bending deformation concept and amended elongation factors for the plastic region. The proposed CEA structure is composed of a morphing lattice structure with movable thin-walled members for morphing purposes, members that will be locked in designated positions either before or during the crash. What will be described here is how to model the CEA structure analytically based on the energy absorbed by the CEA structure.

• 한국철도학회:학술대회논문집
• /
• 한국철도학회 2009년도 춘계학술대회 논문집
• /
• pp.1581-1586
• /
• 2009

The CEM (Crash Energy Management) concept is getting important in rail vehicle design to minimize Injury on passengers and drivers on crash event. In this paper, the accuracy of the FEA analysis result was verified through the crush test on the front part of a non-CEM based carbody. Using the verified FEA analysis method, the energy absorbing capability of the CEM based carbody was estimated.

• 한국산학기술학회논문지
• /
• 제16권6호
• /
• pp.3736-3741
• /
• 2015

연료탱크 충돌충격시험은 연료탱크의 내충격 성능을 검증하는 시험으로, 충돌충격시험을 통과한 연료탱크는 생존가능 충돌환경에서 화재가 발생하지 않아 승무원의 생존성이 대폭 향상될 수 있음을 의미한다. 그러나, 충돌충격시험은 높은 충격하중 때문에 실패 위험성이 큰 시험이다. 만약, 충돌충격시험을 실패할 경우에는 설계보완 및 시편 재제작 등으로 재시험 준비 기간이 상당히 소요되어 항공기 개발일정에 상당한 지장을 초래하게 된다. 따라서, 연료탱크 설계 초기에 충돌충격시험에 대한 수치해석을 수행함으로써 실물시험에서의 실패 가능성을 최소화하는 노력이 필요하다. 본 연구에서는 충돌모사 프로그램인 LS-DYNA에서 지원하는 입자법을 사용하여 Phase I 인증시험의 연료탱크 충돌충격시험 수치모사를 수행하였다. 수치해석 조건으로 미군사규격(MIL-DTL-27422)에서 요구하는 시험조건을 반영하였고, 실물 연료탱크 소재의 시편시험을 통해 확보한 물성 데이타를 수치 해석에 적용하였다. 그 결과로 연료탱크 소재와 중첩부위, 피팅 부위에 작용하는 충격하중을 분석함으로써, 연료탱크 설계시 접착강도와 중첩범위 결정을 위한 설계하중 획득 가능성을 타진하였다.

• 한국자동차공학회논문집
• /
• 제23권6호
• /
• pp.583-590
• /
• 2015

Automobile crash optimization is nonlinear dynamic response structural optimization that uses highly nonlinear crash analysis in the time domain. The equivalent static loads (ESLs) method has been proposed to solve such problems. The ESLs are the static load sets generating the same displacement field as that of nonlinear dynamic analysis. Linear static response structural optimization is employed with the ESLs as multiple loading conditions. Nonlinear dynamic analysis and linear static structural optimization are repeated until the convergence criteria are satisfied. Nonlinear dynamic crash analysis for frontal analysis may not have boundary conditions, but boundary conditions are required in linear static response optimization. This study proposes a method to use the inertia relief method to overcome the mismatch. An optimization problem is formulated for the design of an automobile frontal structure and solved by the proposed method.

• International Journal of Automotive Technology
• /
• 제7권3호
• /
• pp.329-336
• /
• 2006

The resistance spot-welded region in most current finite element crash models is characterized as a rigid beam at the location of the welded spot. The region is modeled to fail with a failure criterion which is a function of the axial and shear load at the rigid beam. The calculation of the load acting on the rigid beam is important to evaluate the failure of the spot-weld. In this paper, numerical simulation is carried out to evaluate the calculation of the load at the rigid beam. At first, the load on the spot-welded region is calculated with the precise finite element model considering the residual stress due to the thermal history during the spot welding procedure. And then, the load is compared with the one obtained from the model used in the crash analysis with respect to the element size, the element shape and the number of imposed constraints. Analysis results demonstrate that the load acting on the spot-welded element is correctly calculated by the change of the element shape around the welded region and the location of welded constrains. The results provide a guideline for an accurate finite element modeling of the spot-welded region in the crash analysis of vehicles.

• 한국자동차공학회논문집
• /
• 제21권5호
• /
• pp.97-103
• /
• 2013

Crash performance of the straight member was studied by FE analysis. One end of model was fixed and the other end was impacted by 1,000kg rigid mass with velocity of 16.0m/sec. The maximum and mean load were discussed to compare crash performance. The members with various section shapes were analyzed and the flange location was changed. Also, spot weld points were added in the initial buckling region to investigate its effect. Final rectangular section model which has flanges at the center and reinforcement in initial buckling region showed high enhancement in crash performance.

• Composites Research
• /
• 제28권2호
• /
• pp.65-69
• /
• 2015

본 연구는 도로시설물에 적용될 수 있는 복합재료 지주구조에 대하여 실차 차량 충돌 시뮬레이션을 통한 동적 특성을 다룬다. 다양한 차량 충돌 속도에 대한 서로 다른 복합재료 물성의 영향을 LS-DYNA 유한요소 프로그램을 사용하여 분석하였다. 본 연구에서는 LS-DYNA 프로그램을 적용하여 기존의 강재 지주구조에 대한 유한 요소해석을 다양한 복합재료로 구성된 지주구조로 확장하여 적용하였다. 탑승자 안전성 평가를 기반으로 다양한 매개변수에 대한 수치해석 결과는 지주와 차량에서 발생하는 내부에너지를 비교 분석하여 규명하였다.