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This paper aims to investigate the responses of single piles and pile groups due to tunneling-induced ground movements in a two-layered soil system. The analyses mainly focus on the additional single pile responses in terms of bending moment, lateral deflection, axial force, shaft resistance and pile settlement. Subsequently, a series of parametric studies were carried out to better understand the responses of single piles induced by tunneling. To give further understanding regarding the pile groups, a 2 × 2 pile group with two different pile head conditions, namely, free and capped, was considered.

Using the PLAXIS three-dimensional (3D) software, a full 3D numerical modeling is performed to investigate the effects of ground movements caused by tunneling on adjacent pile foundations. The numerical model was validated using centrifuge test data found in the literature. The relevance of the 3D model is also judged by comparison with the 2D plane strain model using the PLAXIS 2D code.

The numerical test results reveal that tunneling induces significant displacements and internal forces in nearby piles. The magnitude and distribution of internal forces depend mainly on the position of the pile toe relative to the tunnel depth and the distance between the pile and the vertical axis of the tunnel. As the volume loss increases from 1% to 3%, the apparent loss of pile capacity increases from 11% to 20%. By increasing the pile length from 0.5 to 1.5 times, the tunnel depth, the maximum pile settlement and lateral deflection decrease by about 63% and 18%, respectively. On the other hand, the maximum bending moment and axial load increase by about 7 and 13 times, respectively. When the pile is located at a distance of 2.5 times the tunnel diameter (Dt), the additional pile responses become insignificant. It was found that an increase in tunnel depth from 1.5Dt to 2.5Dt (with a pile length of 3Dt) increases the maximum lateral deflection by about 420%. Regarding the interaction between tunneling and group of piles, a positive group effect was observed with a significant reduction of the internal forces in rear piles. The maximum bending moment of the front piles was found to be higher than that of the rear piles by about 47%.

Soil is a complex material that shows differently in primary loading, unloading and reloading with stress-dependent stiffness. This general behavior was not possibly being accounted for in simple elastic perfectly plastic Mohr–Coulomb model which is often used to predict the behavior of soils. Thus, in the present study, the more advanced hardening soil model with small-strain stiffness (HSsmall) is used to model the non-linear stress–strain soil behavior. Moreover, unlike previous studies THAT are usually based on the assumption that the soil is homogeneous and using numerical methods by decoupled loadings under plane strain conditions; in this study, the pile responses have been exhaustively investigated in a two-layered soil system using a fully coupled 3D numerical analysis that takes into account the real interactions between tunneling and pile foundations. The paper presents a distinctive set of findings and insights that provide valuable guidance for the design and construction of shield tunnels passing through pile foundations.

This study aims to explore the evolutionary trajectory of American corporations and their governance over the past few centuries, using a multidisciplinary investigative approach. The research focuses on the American business landscape because it has played a pivotal role in shaping the field of corporate governance theory and practice.

The author thoroughly investigates archival records, legal documents, academic publications, reputable databases and pertinent literature to unearth valuable insights into the key events that have influenced the evolutionary path of American corporations and their governance throughout history.

Delving into the evolutionary journey of American corporations and their governance reveals a multifaceted narrative, enhancing our comprehension of the impact of the external socio-economic environment, and the effectiveness and limitations of established corporate governance paradigms in addressing such transformations. This introspection establishes the groundwork for ongoing discussions concerning how corporate governance should adapt to meet the evolving needs and expectations of stakeholders and society as a whole, with a specific focus on the pivotal role that boardrooms could play in this regard.

The insights gained from this analysis offer practitioners a foundational resource to understand corporate governance in a complex business landscape. Armed with this understanding, practitioners can better align governance strategies with both historical context and contemporary requirements.

The research has significant social implications in the sense that history highlights the importance of the society in influencing corporate governance practices. It specifically emphasizes the need for the board of directors to consider both shareholder value and social responsibility, while also fostering public trust and confidence.

Many corporate governance concepts are often used with limited understanding of their initial intent, resulting in their unquestioned adoption. In this paper, the author offers a contextual exploration of historical events that have contributed to the development of these diverse corporate perspectives. To the best of the author’s knowledge, there are exceedingly few, if any, papers that present comparably insightful and multidisciplinary insights into the evolutionary path of corporations and their governance, especially within a dynamic and influential market like that of the USA.

The theoretical basis for the case is information asymmetry and signaling theory, with buybacks providing a mechanism for reducing information asymmetry between management and investors. The controversy surrounding buybacks has led to political and regulatory scrutiny, which, consistent with evidence from academic research, may affect corporate behavior.

The compact case is based on secondary, public information about stock buybacks. All sources used are cited in-text, with full citations included in the references section at the end of the teaching note.

Stock buybacks, a means of providing returns to shareholders, have recently received increased scrutiny by politicians, media and shareholder activists. Proponents have argued that buybacks result in efficient allocation of capital by returning funds to shareholders, whereas opponents have criticized buybacks for enriching executives, providing tax advantages to shareholders and contributing to income inequality. Corporations did not curtail their use of buybacks after the Inflation Reduction Act of 2022 imposed an excise tax. The case frames the buyback debate in current events and focuses on the buyback activity of Apple. The case provides students the opportunity to analyze alternative ways that companies can provide returns to shareholders, evaluate impacts of buybacks on corporate stakeholders and appraise the reasons for, and implications of, current controversy regarding buybacks.

This compact case is appropriate for upper-level undergraduate or graduate courses in financial accounting, tax and finance. This case provides an opportunity to analyze and evaluate stock buyback decisions in the context of the current controversy related to buybacks.