• Management & Information Systems Review
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• v.12
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• pp.137-160
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• 2003

The association between accounting earnings and the stock price of an entity is the subject that has been most heavily researched during the past 25 years in accounting literature. Researcher's common finding is that there are positive relationships between accounting earnings and stock prices. However, the explanatory power of accounting earnings which was measured by $R^2$ of regression functions used was rather low. To be connected with these low results, The prior studies propose that there will be additional information, errors in variables. This study investigates empirically determinants of earnings response coefficients(ERCs), which measure the correlation between earnings and stock prices, using earnings level / change, as the dependent variable in the return/earnings regression. Specifically, the thesis tests whether the factors such as earnings persistence, growth, systematic risk, image, information asymmetry and firm size. specially, the determinable variables of ERC are explained in detail. The image / information asymmetry variables are selected to be connected with additional information stand point, The debt / growth variables are selected to be connected with errors in variables. In this study, The sample of firms, listed in Korean Stock Exchange was drawn from the KIS-DATA and was required to meet the following criteria: (1) Annual accounting earnings were available over the 1986-1999 period on the KIS-FAS to allow computation of variables parameter; (2) sufficient return data for estimation of market model parameters were available on the KIS-SMAT month returns: (3) each firm had a fiscal year ending in December throughout the study period. Implementation of these criteria yielded a sample of 1,141 firm-year observation over the 10-year(1990-1999) period. A conventional regression specification would use stock returns(abnormal returns) as a dependent variable and accounting earnings(unexpected earnings) changes interacted with other factors as independent variables. In this study, I examined the relation between other factors and the RRC by using reverse regression. For an empirical test, eight hypotheses(including six lower-hypotheses) were tested. The results of the performed empirical analysis can be summarized as follows; The first, The relationship between persistence of earnings and ERC have significance of each by itself, this result accord with one of the prior studies. The second, The relationship between growth and ERC have not significance. The third, The relationship between image and ERC have significance of each by itself, but a forecast code doesn't present. This fact shows that image cost does not effect on market management share, is used to prevent market occupancy decrease. The fourth, The relationship between information asymmetry variable and ERC have significance of each by. The fifth, The relationship between systematic risk$(\beta)$ and ERC have not significance. The sixth, The relationship between debt ratio and ERC have significance of each by itself, but a forecast code doesn't present. This fact is judged that it is due to the effect of financial leverage effect and a tendency of interest.

• Journal of the Korean Ceramic Society
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• v.37 no.5
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• pp.479-490
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• 2000

The microstructure of Ni-YSZ composite as an anode of SOFC was investigated as a function of Ni content(10-70 vol%) in order to examine the correlation between microstructural-and electrical property. Image analysis based on quantitative microscopy theory was performed to quantify the microstructural property. We could get the informations about the size and distribution, contiguity and interfacial area of each phase or between the phases from the image analysis. According to the image analysis, contiguity between the same phae was mainly dependent on the amount of the phase while the contiguity between different phases was additionally influenced by the microstructural changes, especailly by the coarsening of the Ni phase. The whole length of pores perimeter was increased as Ni content increased, which indicated the overall microstructural evolution was mostly related with the coarsening of Ni phase. Ni-Ni interfacial area was also gradually increased as Ni content increased but controlled by pore phase at low Ni content region and by YSZ phase at intermediate Ni content region. These quantified microstructural properties were used to characterize the electrical properties of Ni-YSZ composite.

• Membrane and Water Treatment
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• v.2 no.3
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• pp.159-173
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• 2011

The air gap membrane distillation (AGMD) process was applied for water desalination. The main objective of the present work was to study the heat and mass transfer mechanism of the process. The experiments were performed on a flat sheet module using aqueous NaCl solutions as a feed. The membrane employed was hydrophobic PTFE of pore size 0.22 ${\mu}m$. A mathematical model is proposed to evaluate the membrane mass transfer coefficient, thermal boundary layers' heat transfer coefficients, membrane / liquid interface temperatures and the temperature polarization coefficients. The mass transfer model was validated by the experimentally and fitted well with the combined Knudsen and molecular diffusion mechanism. The mass transfer coefficient increased with an increase in feed bulk temperature. The experimental parameters such as, feed temperature, 313 to 333 K, feed velocity, 0.8 to 1.8 m/s (turbulent flow region) were analyzed. The permeation fluxes increased with feed temperature and velocity. The effect of feed bulk temperature on the boundary layers' heat transfer coefficients was shown and fairly discussed. The temperature polarization coefficient increased with feed velocity and decreased with temperature. The values obtained were 0.56 to 0.82, indicating the effective heat transfer of the system. The fouling was observed during the 90 h experimental run in the application of natural ground water and seawater. The time dependent fouling resistance can be added in the total transport resistance.

• Journal of the Korean Ceramic Society
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• v.51 no.5
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• pp.424-429
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• 2014

YAG:$Ce^{3+}$ phosphor powders were synthesized using $Al(OH)_3$ seeds by means of a PVA-polymer-solution route. Various types of PVA with different molecular weights (different polymerization) were used. All dried precursor gels were calcined at $500^{\circ}C$ and then heated at $1500^{\circ}C$ in a mix of nitrogen and hydrogen gases. The final powders were characterized via XRD, SEM, PSA, PL, and PKG analyses. The phosphor properties and morphologies of the synthesized powders were dependent on the PVA type. As the molecular weight of the PVA was increased, the particle size gradually decreased with agglomeration, and the luminous intensity of the phosphor increased. However, the phosphor powder prepared from the PVA exhibiting very high molecular weight, showed a 531 nm (blue) shift from the 541 nm (yellow) wavelength of the YAG:$Ce^{3+}$ phosphor. Finally, the synthesized YAG:$Ce^{3+}$ phosphor powder prepared from the PVA with 89,000 - 98,000 molecular weight showed phosphor properties similar to those of a commercial phosphor powder, but without a post-treatment process.

• 한국신재생에너지학회:학술대회논문집
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• 2010.11a
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• pp.122.2-122.2
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• 2010

Knowledge of ground thermal properties is most important for the proper design of BHE(borehole heat exchanger) systems. The configure type, pipe size and thermal performance of the BHE is highly dependent on the ground source heatpump system-efficiency and instruction cost. Thermal response tests with mobile measurement devices were developed primarily for in-situ determination of design data for Standing Column Well apply. The main purpose has been to determine in-situ values of effective ground thermal conductivity and thermal resistance, including the effect of ground-water flow and natural convection in the boreholes. The test rig is set up on a some trailer, and contains a sub-circulation pump, a boiler, temperature sensors, flow meter and a data logger for recording the temperature and circulation fluid flow data. A constant heating power is injected into the SCW through the test rig and the resulting temperature change in the SCW is recorded. The recorded temperature data are analysed with a line-source model, which gives the effective in-situ values of rock thermal conductivity and thermal resistance of SCW.

• Advances in nano research
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• v.9 no.3
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• pp.157-172
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• 2020

The aim of this present research is the effect of the higher-order terms of the governing equation on the forced longitudinal vibration of a nanorod model and making comparisons of the results with classical nonlocal elasticity theory. For this purpose, the free axial vibration along with forced one under the two various linear and harmonic axial concentrated forces in zigzag Single-Walled Carbon Nanotube (SWCNT) are analyzed dynamically. Three various theories containing the classical theory, which is called Eringen's nonlocal elasticity, along with Rayleigh and Bishop theories (higher-order theories) are established to justify the nonlocal behavior of constitutive relations. The governing equation and the related boundary conditions are derived from Hamilton's principle. The assumed modes method is adopted to solve the equation of motion. For the free axial vibration, the natural frequencies are calculated for the various values of the nonlocal parameter only based on Eringen's theory. The effects of the nonlocal parameter, thickness, length, and ratio of the excitation frequency to the natural frequency over time in dimensional and non-dimensional axial displacements are investigated for the first time.

• Structural Engineering and Mechanics
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• v.73 no.3
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• pp.225-238
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• 2020

This work treats the axisymmetric buckling of functionally graded (FG) porous annular/circular nanoplates based on modified couple stress theory (MCST). The nanoplate is located at the elastic medium which is simulated by Kerr foundation with two spring and one shear layer. The material properties of the porous FG nanostructure are assumed to vary through the nanoplate thickness based on power-law rule. Based on two variables refined plate theory, the governing equations are derived by utilizing Hamilton's principle. Applying generalized differential quadrature method (GDQM), the buckling load of the annular/circular nanoplates is obtained for different boundary conditions. The influences of different involved parameters such as boundary conditions, Kerr medium, material length scale parameter, geometrical parameters of the nanoplate, FG power index and porosity are demonstrated on the nonlinear buckling load of the annular/circular nanoplates. The results indicate that with increasing the porosity of the nanoplate, the nonlinear buckling load is decreased. In addition, with increasing the material length scale parameter to thickness ratio, the effect of spring constant of Kerr foundation on the buckling load becomes more prominent. The present results are compared with those available in the literature to validate the accuracy and reliability. A good agreement is observed between the two sets of the results.

• Structural Engineering and Mechanics
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• v.73 no.6
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• pp.685-698
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• 2020

The dynamic stability of a functionally graded polymer microbeam reinforced by graphene oxides subjected to a periodic axial force is investigated. The microbeam is assumed to rest on an elastic substrate and is subjected to various immovable boundary restraints. The weight fraction of graphene oxides nanofillers is graded across the beam thickness. The effective Young's modulus of the functionally graded graphene oxides reinforced composite (FG-GORC) was determined using modified Halpin-Tsai model, with the mixture rule used to evaluate the effective Poisson's ratio and the mass density. An improved third order shear deformation theory (TSDT) is used in conjunction with the Chebyshev polynomial-based Ritz method to derive the Mathieu-Hill equations for dynamic stability of the FG-GORC microbeam, in which the scale effect is taken into account based on modified couple stress theory. Then, the Mathieu-Hill equation was solved using Bolotin's method to predict the principle unstable regions of the FG-GORC microbeams. The numerical results show the effects of the small scale, the graphene oxides nanofillers as well as the elastic substrate on the dynamic stability behaviors of the FG-GORC microbeams.

• Advances in concrete construction
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• v.2 no.3
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• pp.229-247
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• 2014

A numerical study of the influence of shear-span/depth ratio on the cohesive crack fracture parameters and double - K fracture parameters of concrete is carried out in this paper. For the study the standard bending specimen geometry loaded with four point bending test is used. For four point loading, the shear - span/depth ratio is varied as 0.4, 1 and 1.75 and the ao/D ratio is varied from 0.2, 0.3 and 0.4 for laboratory specimens having size range from 100 - 500 mm. The input parameters for determining the double - K fracture parameters are taken from the developed fictitious crack model. It is found that the cohesive crack fracture parameters are independent of shear-span/depth ratio. Further, the unstable fracture toughness of double-K fracture model is independent of shear-span/depth ratio whereas, the initial cracking toughness of the material is dependent on the shear-span/depth ratio.

• Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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• 2002.05a
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• pp.281-287
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• 2002

Nowadays, many components used in machinery industry is required lightness and high strength. Therefore, the effects of compressive residual stress by shot-peening which is method to improve fatigue lift of spring steel (JISG SUP-9), which used in suspension of automobile, on fatigue crack growth characteristics was investigated with considering fracture mechanics. So, we can obtain followings 1. The fatigue crack growth rate on stage II is conspicuous with the size of compressive residual stress and is dependent on Paris equation. 2. Although the maximum compressive residual stress is deeply and widely formed from surface, fatigue life does not improve than when maximum compressive residual stress is formed in surface. 3. The threshold stress intensity factor range is increased with increasing compressive residual stress. 4. In fracture surface of fatigue crack growth it is investigated that compressive residual stress remarkably retards fatigue crack growth.