• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.181-190
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• 2021

This paper empirically examines the asymmetric response of the Indonesian Islamic stock market to macroeconomic variables encompassing money supply, domestic output, exchange rate, and Federal Reserve rate. Our study employs the Jakarta Islamic Index (JII) after the financial crisis in the Southeast Asian country using monthly data from January 2000 to December 2019. Non-linear Autoregressive Distributed lag (NARDL) is applied. Our study considers two models consisting of the model without the Federal Reserve rate and the model with it. Our findings confirm the long-run link between Jakarta Islamic Index and macroeconomic factors being studied. Furthermore, the Jakarta Islamic Index asymmetrically responds to broad money supply and exchange rate, but not to domestic output and Federal Reserve rate. A reduction in the money supply has a worse effect on Islamic stock prices as compared to an increase in the money supply. The Jakarta Islamic Index responds differently to depreciation and appreciation. The transmission of the exchange rate to Islamic stock prices occurs only for appreciation. Our study finds an absence of transmission mechanism from the domestic output and the interest rate to Islamic stock prices. Our results imply that the easy money policy and stabilizing currency are key to supporting Indonesian Islamic stock prices.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.57-66
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• 2021

The outbreak of the financial crisis, the lack of corporate governance practices in Iraqi companies, the high level of earnings management (EM), and weak firm performance (FP) have all encouraged the purpose of this study. This study proposes to achieve the following objectives: (I) to investigate the influence of governance mechanisms on the earnings management practices, (II) to investigate the consequence of EM on FP. The study sample includes 65 Iraqi firms listed on the Iraqi stock exchange for six years from 2012 to 2018, with 390 firm-year observations. The hypotheses were tested using panel data regression. According to the findings, Iraqi companies prefer to use real EM rather than accruals EM to avoid reporting losses. Discretionary cash flow, production costs, and cash flow from operation are examples of actual operations employed to undertake EM. Furthermore, according to the findings of this study, board meeting frequency and female onboard have a significant and negative influence on EM. Besides, the internal audit function was found not to affect EM. On the other hand, results revealed a significant and negative relationship between EM and FP. According to the study, management prefers to minimize cash and accrual expenditure during the economic downturn.

• East Asian Economic Review
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• 제24권4호
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• pp.441-468
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• 2020

Capital inflows have a strong presence that influences destination countries' development of institutions, which can in turn help resuscitate a stopped economy and re-attract capital that was lost during crises such as the recent public health crisis. While the previous literature emphasizes the mechanism that foreign investors press or even threaten the local government for change, this paper explores empirically whether institutional improvement can be achieved through the channel that host countries voluntarily reform institutions in anticipation of potential investments predicted by the exogenous geographical and cultural characteristics of the recipient countries. Given that countries with better institutional quality can accumulate larger FDI stocks, we still find that the need for more FDI, in contrast to FPI and debt, gives higher incentives to host countries to strategically improve their institutions before seeking capital overseas. Moreover, the predicted FDI exerts more prominent impacts on institutions on constraining elite than those involved in launching a business, enforcing contracts, and protecting properties. The results imply that a long-run plan for upgrading elite constraint institutions is crucial for a post-pandemic FDI reboot.

• The Journal of Asian Finance, Economics and Business
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• 제9권9호
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• pp.249-261
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• 2022

Globally, COVID-19 has significantly impacted many different organizations and people. From the banks' perspective, this pandemic has affected banks' corporate and retail customers. Also, banks had to adjust to distributed workforce model. This paper analyses the lessons learned from the COVID-19 pandemic, which can be effectively used to rebuild banks' Operational Risk Management capabilities. The present study used the survey research methodology, which includes structured questionnaires completed by senior banking professionals to analyze the learnings from COVID-19 and understand the distributed workforce model and remote working effectiveness. Findings: The Pandemic accelerated the pace of digital transformation. The lockdown imposed due to the pandemic led to employees working remotely, which has been effective because of enhanced digital capabilities. However, enhanced monitoring is required to prevent data-related issues, and action needs to be taken to address challenges faced in having a remote distributed workforce model, like negative impact on on-the-job learning, data-related risks, and employee wellbeing. COVID-19 is an unprecedented event that could not have been predicted in any scenario analysis. This crisis has highlighted various systemic drawbacks that need to be addressed. Banks can apply the lesson learned from this Pandemic to become more robust in the future.

• 정보처리학회논문지D
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• 제10D권3호
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• pp.471-488
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• 2003

최근의 대부분의 정보시스템은 웹 기반 정보시스템이며 이의 개발과 유지보수시에 “웹 위기” 현상이 발생하고 있다 이를 해결하기 위해, 웹 엔지니어링 기술 중 웹 기반 비즈니스 프로세스로의 리엔지니어링 기술이 필요하다. 본 논문에서는 웹 기반 정보시스템으로의 이주와 웹 기반 비즈니스 프로세스 모형화를 위한, BPN(Business Process Net) 모형과 이를 이용한 리엔지니어링 휴리스틱스를 적용 예와 함께 제시한다. BPN모형은 베타분포형 확률 패트리넷이며 수행가능형 Activity diagram이라 할 수 있다. BPN을 모형화 할 때, Use Case 분석을 이용하며 비즈니스 프로세스의 수행시간 및 비용적 불확실성은 베타분포를 이용하고 있다. BPN 모형은 XML 기반의 비즈니스 프로세스의 명세언어를 위한 공통 명세모형으로 이용될 수 있으며, 제시한 리엔지니어링 방법 및 지침은 웹 기반 정보시스템의 분석 및 설계단계에서 적용할 수 있다.

• 한국언론정보학보
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• 제59권
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• pp.162-179
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• 2012

본 연구는 SNS(Social Network Service), 인터넷 등 '디지털뉴미디어 혁명'으로 위기에 처한 신문기업이 회생하기 위하여 '자본과 권력으로부터 독립하여 정론적 논조를 견지해야 한다'는 저널리즘의 정체성을 훼손하지 않고 수행할 수 있는 수익사업 분야로는 어떤 것이 바람직한가를 알아보았다. 이를 위하여 현직 신문사 간부기자들을 대상으로 한 심층인터뷰를 통하여 신문사 경영위기에 대한 인식, 광고수주와 신문판매와 같은 전통적 신문산업 비즈니스모델을 제외한 여타 수익사업에 대한 필요성, 수익사업 수행 시 저널리즘 정체성과의 충돌 가능성, 바람직한 수익사업 분야 등에 대하여 조사하였다. 그 결과 기자들은 신문기업들이 소셜미디어(Social Media)의 급속한 팽창 등 디지털뉴미디어 혁명에 대처하는 경영전략이 부재하며 이에 따라 광고수주와 신문판매 이외의 새로운 패러다임으로 사업을 개발해야 한다고 인식하고 있었다. 그러나 이 같은 수익사업에 무분별하게 뛰어들기보다는 공익(public interest)적이면서도 경영적 이익을 보장할 수 있는 사업이 바람직하다는 반응을 보였다. 이 같은 사업에 대하여 기자들은 인터넷, 방송, 공연, 전시, 교육, 출판, 영화, 음악, 게임, 등 뉴미디어 정보문화사업 분야를 꼽았다.

• 벤처창업연구
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• 제13권5호
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• pp.73-86
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• 2018

6차산업이 활성화되고 농촌의 정주여건이 개선되면서 귀농 귀촌하는 인구가 증가하고 젊은 승계농의 농촌유입이 증가하고 있으며, 가공식품 분야와 체험농장 등의 분야에 신규 창업자 혹은 기존 1차 농업에서 사업을 확장하려고 하는 기존 농업인들이 증가하고 있다. 그러나 농업교육은 정부 주도하에 농작물과 가공식품의 생산 가공 기술교육 위주로 진행되고 있다. 급변하는 고객의 요구와 트랜드, FTA 등에 의한 수입시장 개방 등의 농식품 분야 산업의 위기를 극복하기 위해서는 기술교육 이전에 실시되어야 하는 체계적인 창업교육과 경영교육 등이 필요하다. 고객과 경쟁자 관점의 상품기획과 생산, 마케팅 전략 수립 등의 경영 마인드 제고 그리고, 수입상품에 대응할 수 있는 경쟁력을 갖추기 위해서는 창업자 및 경영자의 기업가 정신을 함양하고, 창업자의 인식전환과 역량강화를 담보할 수 있는 교육이 필요한 것이다. 본 연구는 농식품산업 분야의 창업자와 경영자들의 기업가 정신 함양, 인식전환과 역량강화를 위해 창업교육의 확장과 강화를 제언한다. 아직 체계적으로 연구되어 있지 않은 농식품산업 분야의 창업교육 현상부터 근원적으로 탐색하고 이와 관련된 이론들을 기초적인 것부터 정립하는 것을 목적으로 한다. 본 연구를 위하여 기존 농민, 귀농 귀촌인, 젊은 승계농 등 농식품 분야 창업자와 예비 창업자를 대상으로 창업교육 및 관련 교육을 제공하였던 교육기관 담당자 및 강사 5명을 대상으로 창업교육의 현상과 교육내용, 문제점 및 개선방안에 대한 인터뷰하고 현상분석을 한 것으로 구성되어 있다.

• 한국인공지능학회지
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• 제7권1호
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• pp.13-16
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• 2019

While the Chinese banks have started the impact of foreign banks. At the same time, rising pressure on foreign exchange reserves and appreciation of the renminbi has prompted Chinese banks to go abroad and diversify their risks. The financial crisis of 2008 has caused the continued turbulence of the major financial markets around the world, and the valuation of foreign financial institutions has been drastically shrinking, providing opportunities for Chinese banks to carry out overseas M&A. Based on the overseas M&A status of Chinese commercial banks, this paper sums up the characteristics of the overseas M&A. Then taking a series of overseas M&A conducted by ICBC from 2006 to 2011 as an example, it analyzes the relationship between M&A and performance growth using grey incidence model. The test shows: there is a positive correlation between both overseas M&A and interest rate differential with performance growth of ICBC, and overseas M&A transactions role in promoting the performance growth is significantly higher than the interest rate differential.

• 한국전자거래학회지
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• 제7권3호
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• pp.219-240
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• 2002

The various software engineering techniques have been appeared in order to cope with the software crisis since 1980's. Currently, the research against the techniques likes the Design pattern, Component which improve the software's re-use are spread out. Also S/W Development Process are interested intensively which attempts the quality and a increasing productivity of software development with the basic policy. The design pattern is the solution against the problem which occurs repeat in a specific area. Many design pattern are developed and researched, but the method which accommodates the developed design pattern efficiently in the phase of analysis and design software development process is not good enough, so it is the actual applying technique is difficult. In this paper we suggest and the “UML components+” which is a efficient component development process from customizing EJB based the J2EE using the “UML Components” which is a component development methodology. Applying J2EE pattern efficiently with UML components+, there is a possibility of efficiency in the component development based pattern.

• The Journal of Asian Finance, Economics and Business
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• 제3권1호
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• pp.15-32
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• 2016

Between 2010 and 2012, former Bank of Japan Governor Shirakawa argued, in series of speeches, that Japan's economic performance, when compared to that of other G7 nations, was stronger after 1990 than appreciated by the critics. In May 2012, Nobel prize-winning economist and Princeton University professor Paul Krugman echoed a similar sentiment in a Financial Times interview. This analysis expands on these assertions and asks to what extent they are supported by cross-section data for the G7. As reviewed below, to date, no idiosyncratic explanation has arisen to explain the Japanese slowdown-perhaps this is the correct explanation: the slowdown in Japan, once adjusted for demographics, is less severe than in other G7 countries and, as recently noted by Eichengreen, Park, and Shin (2015), TFP growth in a number of other nations followed similar patterns. Focused on labor productivity, far from a laggard, Japan's performance ranks near the best in the G7.