• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.9
• /
• pp.61-73
• /
• 2022

The article examines the ownership structure and dividend payout behavior of India-listed firms using a panel regression approach. It focuses on family ownership and examines why dividend payouts of family firms differ from non-family firms. The study finds that family firms dominate and have concentrated ownership using data from the NSE-listed regular dividend-paying firms. Although family ownership concentration is high among Indian firms, these firms are not concerned about distributing cash as dividends. Instead, these firms focus on retaining and passing on control from one generation to the next. The evidence shows that family firms pay low dividends and have higher leverage than non-family counterparts. The results support the entrenchment of minority shareholders and the proposition that a high payout signals a reduction in the information asymmetry and level of risk. The study further illustrates that cash dividends tend to reduce the level of risk perceived; however, (cash dividend) leads to the deterioration firm's liquidity and aid in the shrinking of cash among emerging market firms. The originality of the paper lies in factoring ownership concentration while explaining the dividend behaviour from an emerging markets perspective, characterized by high private benefits and weak protection for external minority shareholders.

• Food Science and Preservation
• /
• v.30 no.4
• /
• pp.562-572
• /
• 2023

In this study, we aimed to evaluate the quality of Aralia elata shoots according to different packaging methods during storage at 2℃. The highest level of dehydration and wilting incidences were observed in polypropylene containers with polyvinyl chloride wrap (PP+PVC), and these levels continually increased during the entire storage period, compared to other packaging methods. The overall marketability of A. elata shoot packaged in polyethylene terephthalate container (PET) and PP with the mineral-coted functional warp (PP+F) constantly declined during storage with a similar level of 38.6 and 36.0% at 15 days in storage, respectively. PP with PET cover packaging (PP+PET) showed the lowest decay and wilting rates during the entire storage, and the wilting score at 10th day was 51.9, 58.0, 51.8% suppressed, as compared to PET, PP+PVC, and PP+F, respectively. Consequently PP+PET packaging effectively decreased the deterioration of A. elata and maintained marketability for 10 days of storage at 2℃.

• International Journal of Highway Engineering
• /
• v.19 no.3
• /
• pp.19-30
• /
• 2017

PURPOSES : This study proposes the road asset valuation approach using alternative depreciation methods. It has become necessary to have asset management system according to the adoption of accrual basis accounting for governmental financial reporting and the amendment of the road act. Therefore, it is very important to analyze the effect of depreciation methods on road asset value as a basic research for road asset management system. METHODS : The Ministry of Strategy and Finance (MOSF) has mainly performed road asset valuation based on Write down Replacement Cost and Straight Line depreciation method. This study suggests some appropriate asset valuation methods for road assets through case analysis using three depreciation methods: Consumption-based depreciation method, Condition-based depreciation method, and Straight Line depreciation method. A road asset valuation data of national highway route 1 (year 2014) is used to analyze the effect of three depreciation methods on the road asset value. Road assets include land and structures (pavement, bridge, and tunnel). This study mainly focuses on structures such as bridges and tunnels, because according to governmental accounting standards, land and road pavement assets do not depreciate. RESULTS : The main results of this study are as follows. Firstly, overall asset value of national highway route 1 was estimated at 6.97 trillion KRW when MOSF's method (straight-line depreciation method) is applied. Secondly, asset value was estimated at 4.85 trillion KRW on application of consumption-based depreciation method. Thirdly, asset value was estimated at 4.37 trillion KRW when condition-based depreciation method is applied. Therefore, either consumption-based or condition-based depreciation methods would be more appropriate than straight-line depreciation method if we can use the condition data of road assets including land that are available in real time. CONCLUSIONS : Since road assets such as pavements, bridges, and tunnels have various patterns of deterioration and condition monitoring period, it is necessary to consider a specific valuation method according to the condition of each road asset. Firstly, even though road pavements do not depreciate, asset valuation through condition-based depreciation method would be more appropriate when requirements for application of non-depreciation approach are not satisfied. Since bridge and tunnel facilities show various patterns of deterioration and condition monitoring period by type and condition level, consumption-based depreciation method based on deterioration model would be appropriate. Therefore, it is necessary to have a reasonable asset management system to apply condition-based depreciation method and a periodic condition investigation to manage road assets well.

• Proceedings of the Earthquake Engineering Society of Korea Conference
• /
• 2000.04a
• /
• pp.233-240
• /
• 2000

Nuclear power plant structures may be exposed to aggressive environmental effects than may cause their strength and stiffness to decrease over their service lives, Although the physics of these damage mechanisms are reasonably well understood and quantitative evaluation of their effects on time-dependent structural behavior is possible in some instances such evaluations are generally very difficult and remain novel. The assessment of existing RC containment in nuclear power plants for continued service must provide quantitative evidence that they are able to withstand future extreme loads during a service period with an acceptable level of reliability. Rational methodologies to perform the reliability assessment can be developed from mechanistic models of structural deterioration using time-dependent structural reliability analysis to take earthquake loading uncertainties into account. The final goal of this study is to develop the reliability analysis of RC containment structures. The cause of the degrading is first clarified and the reliability assessment has been conducted. By introducing stochastic analysis based on random vibration theory the reliability analysis which can determine the failure probabilities has been established.

• Proceedings of the Korean Institute of Building Construction Conference
• /
• 2012.11a
• /
• pp.195-196
• /
• 2012

Because of the high level of the safety and durability, a lot of reinforcing bars is placed in the concrete structure of the Nuclear Power Plant. But the overcrowding re-bars cause some problems during the construction as the diseconomy, construction delay, quality deterioration, and so on. These problems can be solved by applying the high-strength reinforcing bars to NPP structure. To achieve this, after analysing the structural target performance like the control of cracks, adherence, shear, torsion, development of reinforcement and earthquake-resistance, the results of the analysis will be reflected in the structural performance evaluation test.

• Proceedings of the Korean Geotechical Society Conference
• /
• 2010.09a
• /
• pp.1289-1293
• /
• 2010

A slipring or FORJ are usually adopted in order for power supply of Geo-centrifuge and input/output data acquisition. Since using slipring causes quite a lot electrical noise, an optical communication using FORJ becomes more general for data acquisition. Such data acquisition devices, however, require frequent maintenance and replacement due to deterioration by long term usage. DICT has set up a real-time wireless date acquisition system using wireless communication technology instead of FORJ. The system enables a remote measurement at any inertial acceleration field up to 100g level and provides as same performance as FORJ. The priority of this system is to use a normal modem substituting a special FORJ.

• Journal of the Korean Applied Science and Technology
• /
• v.4 no.2
• /
• pp.19-23
• /
• 1987

The addition of dipeptides and 1,2-bis (aminoacyl) hydrazine derivatives a level of 250 ppm to corn oil resulted in the retardation of the oxidaitive deterioration of the oil when it was stored in the oven at $70^{\circ}C$ during 5 days. Their antioxidant activities were investigated by UV absorbance of the corn oil at the wavelength of 234nm. 1,2-bis (aminoacyl) hydrazine derivatives showed higher antioxidant activity than normal dipeptides. Dipeptides containing phenyl ring with which is conjugable a-carbon radical showed antioxidant activity.

• Journal of Korean Neurosurgical Society
• /
• v.38 no.5
• /
• pp.393-395
• /
• 2005

Cerebral infarction rarely occur following head injury. The authors present the case of a 39-year-old man with complete infarction in the middle cerebral artery[MCA] and anterior cerebral artery[ACA] territories ccurred immediately after head injury. He had compound depressed fracture in right frontal bone with no neurological deficit. After the depressed bone elevation, postoperative computed tomography scan showed the right MCA and ACA territory infarction with midline shift. Cerebral angiography obtained on the day after emergent decompressive craneictomy showed the complete occlusion of the internal carotid artery[ICA] at the level of lacerum ICA segment. There was no evidence of neck vessel dissection and basal skull fracture. Cerebral infarction can occur in an ultraearly period after head injury without neck vessel dissection or basal skull fracture. We stress the need for attention to the cerebral infarction as the cause of a rare neurological deterioration of the head trauma.

• Journal of Korean Neurosurgical Society
• /
• v.58 no.4
• /
• pp.393-396
• /
• 2015

Bullet injuries to the spine may cause injury to the anatomical structures with or without neurologic deterioration. Most bullet injuries are acute, resulting from direct injury. However, in rare cases, delayed injury may occur, resulting in claudication. We report a case of intradural bullet at the L3-4 level with radiculopathy in a 30-year-old male. After surgical removal, radicular and claudicating pain were improved significantly, and motor power of the right leg also improved. We report the case of intradural bullet, which resulted in delayed radiculopathy.

• Journal of the Korean Institute of Illuminating and Electrical Installation Engineers
• /
• v.28 no.9
• /
• pp.35-44
• /
• 2014

This study was to secure the safety of poor appearance distribution concrete poles effectively and to reduce the replacement costs of them by developing a soundness evaluation index. The researcher of this study investigated poor appearance types of concrete pole, collected 53 of test samples, and tested pole strength. As a result of strength test, only 17 percent of poor appearance concrete poles were below 2.0 of safety factor spec. As results of multiple regression analysis, it is verified that surface air void, horizontal crack, net-shaped crack, elapsed year, vertical crack, and deterioration in concrete compressive strength have statistically negative effects on safety factor of concrete poles in a significant level. The researcher set up a soundness evaluation index by using multiple regression equation, and suggested that poor appearance concrete poles should be replaced or reinforced only in case of soundness evaluation score of 150 or above.