• Title/Summary/Keyword: Business Governance

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A Study on Enterprise Information Security Portal Model for Enterprise Information Security Governance (기업 정보보호 거버넌스를 위한 기업 정보보호 포털 모델에 대한 연구)

  • Kim, Do Hyeong
    • Convergence Security Journal
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    • v.20 no.3
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    • pp.39-46
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    • 2020
  • In order to protect the business information of the enterprise, the company is engaged in various information security activities, such as establishing an information security management system, establishing and operating an information security system, checking vulnerabilities and security controls. It is an enterprise information security governance that organizes various information security activities for enterprise business, and it needs to be systematized to operate them effectively. In this study, to systematize the enterprise information security governance, we would like to explore the existing Enterprise Information Portal(EIP) model and propose an Enterprise Information Security Portal(EISP) model based on it. The Enterprise Information Security Portal(EISP) model provides an integrated environment for supporting the activities of the information security departments by systemizing the enterprise information security governance, which is a variety of information security activities of the enterprises, so that the information security activities of the enterprises can participate directly from CEO to executives and employees, not just from the information security departments.

The Effect of Corporate Governance ort Performance of Mergers and Acquisitions (기업지배구조가 인수합병의 성과에 미치는 영향)

  • Cho, Ji-Ho;Jun, Sang-Gyung
    • The Korean Journal of Financial Management
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    • v.21 no.2
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    • pp.1-25
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    • 2004
  • From the perspective of corporate governance, we examine the acquirers' performance of mergers and acquisitions. The empirical results of our study show that outside active shareholders, such as block shareholders or institutional shareholders, affect acquirers' performance in M&A's : the ownership of outside active shareholders is positively correlated with the performance of acquirers. However, the ownership of insiders, such as that of encumbent manners or major shareholders, does not have any significant effect on the performance of M&A's. We also found that the ownership of foreign investors increased its explanatory power after the financial crisis of Asia. Since the current literature concludes that the improvement of corporate governance would enhance the shareholders' wealth, the results of our study implies that outside active investors, rather than insiders, are playing an important role in the corporate governance.

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Corporate Governance and Financial Stability of Islamic Banks in Asia

  • HARIBOWO, Ismawati;PUTRI, Zuwesty Eka;YULIANTI, Yulianti
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.353-361
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    • 2021
  • An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. The Islamic financial system faces a number of challenges as part of its role as a tool for developing economic activities. This study intends to advance research by Lassoued (2018) by expanding the research population to include Islamic banks in Asia and adding new dimensions - the size of the independent commissioner and corporate governance. The population of this study is the 100 largest Islamic banks in Asia. Statistical calculations with the STATA application is used for data analysis. Based on the test results, it was found that the size of the sharia board and the independent board of directors did not affect the financial stability of Islamic banking companies. Another finding is that the size of the independent commissioner affects financial stability. This finding shows that commissioners have played an active role in the company, indicating that if the sharia banking company has an ideal number of independent commissioners, it will be advantageous to the company's stability and business sustainability.

Technological Readiness and Innovation as Drivers for Logistics 4.0

  • MOLDABEKOVA, Aisulu;PHILIPP, Robert;SATYBALDIN, Azimkhan A.;PRAUSE, Gunnar
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.145-156
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    • 2021
  • The research purpose of this paper is to empirically examine the effects of technological readiness and innovation on logistics performance. To build up and maintain an important role in global supply chains, nowadays it is obvious that countries and logistics providers need to achieve competitive advantage in terms of digitalization. However, there is a lack of empirical studies about the impacts of information technologies and innovation potential on the logistics efficiency of countries. Hence, the study analyzes whether the corresponding pillars of the Global Competitiveness Index (GCI) matter for the Logistics Performance Index (LPI) and its dimensions. For determining the effects, the pooled regression approach is applied. The results show that technological readiness and innovation are positively and statistically significantly correlated with logistics performance: competence and quality of logistics services, efficiency of customs clearance processes, ability to track and trace consignments, frequency with which shipments reach consignee within scheduled or expected time, and ease of arranging competitively priced shipments. The findings of this study suggest that investments in innovations and technology progress improve countries' logistics efficiency, which is an important prerequisite for enabling Logistics 4.0 and thus, Industry 4.0 and the digital transformation of the economy and society.

Does Bank Transparency and Disclosure with ESG and Financial Distress Impact Its Valuation? Perspectives from Indian Banks

  • PARKHI, Shilpa;BHIMAVARAPU, Venkata Mrudula;KARANDE, Kiran;RASTOGI, Shailesh;RAWAL, Aashi
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.9
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    • pp.229-239
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    • 2022
  • The primary objective of the current study is to ascertain the effect of transparency and disclosure (T&D) on the value of banks operating in the Indian banking sector. It also includes finding the moderating impact of financial distress (FD) and environmental, social, and governance (ESG) on the association between T&D and the valuation of banks. The study employs Panel data analysis (PDA) to analyze data and produce novel results thereafter. The authors of the study have considered using data of secondary nature which is sourced from banks operating in the Indian banking industry. Data in the current study has been considered for ten financial years, i.e., 2010 to 2019. The results reveal that T&D positively impacts a firm's valuation. We have also found evidence that financial distress and ESG (Environmental, Social, and Governance) significantly impact the value of firms under the influence of T&D. As far as we are aware, no study of this kind has been done yet in any developing nation to determine the effect that T&D, FD, and ESG have on the value of Indian banks. This paper can help future researchers in their respective studies that will involve the study variables (FD, T&D, and ESG).

A Study on the Project Governance and the Project Performance (PMO의 프로젝트 거버넌스 역할이 프로젝트 성과에 미치는 영향에 관한 연구)

  • Kim, Min-Sun;Lim, Byung-Woo;Lee, Jae-Beum
    • Journal of Korea Society of Industrial Information Systems
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    • v.13 no.4
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    • pp.115-131
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    • 2008
  • As the innovation of computer and communication technology, IT has played a role of increasing the business efficiency and offering new business opportunities. Many organizations have tried to launch IT projects, and the investment scale has been getting bigger. However, a lot of IT projects have been failed because of the difficulties of project management. Therefore, the purpose of this study is to know how the roles of project governance affect the project performance and what role of the project governance will be affected to solve the problems which might be taken place while developing the project. As the results of this study, the roles of project governance - linking, coordination, control, strategic direction, support, societal embedding, highly affect the project performance. To solve the problems which might be occurred while implementing the project, the control and the societal embedding roles playa crucial role compared to the other roles of the project governance. In other words, the roles of project governance should be utilized for the success of IT project, and the control and the societal embedding of the project governance should be modified and complemented to solve the problems which might be occurred while developing the project.

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The Effect of Corporate Social Responsibility Activities on Corporate Earnings Persistence: Financial Companies (기업의 사회적 책임활동이 기업의 이익지속성에 미치는 영향: 금융 기업을 중심으로)

  • Park, AJin;Kim, JeongYeon
    • The Journal of Society for e-Business Studies
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    • v.25 no.4
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    • pp.155-168
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    • 2020
  • Although many studies have been conducted on the impact of increasing social awareness of corporate social responsibility activities on financial and non-financial performances, the number of studies conducted by financial companies is relatively small compared to those conducted by non-financial companies such as manufacturing and service industries. Accordingly, this study explores the impact of corporate social responsibility activities on the Earnings Persistence of financial companies through a regression analysis that utilizes the conversion score of an ESG rating of a Korean listed company provided by the Korea Corporate Governance Service (KCGS) as a variable for the company's social responsibility activities. Through this analysis, the study found that, among the ESG scores that are variables of social responsibility activities, the ESG governance score was significant in the direction of (+) for the Earnings Persistence. In addition, the same study conducted by classifying the entire sample into six sub-industries shows that the ESG governance score in the banking industry was more significant compared to when the regression analysis was conducted on the entirety of the samples. Therefore, this study concludes that the soundness and reliability of corporate governance have a positive effect on Corporate Earnings Persistence.

Governance Strategies for Trade in Financial Services in Korea (금융서비스의 무역거버넌스 전략)

  • Park, Moon-Suh
    • International Commerce and Information Review
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    • v.11 no.4
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    • pp.229-259
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    • 2009
  • Financial service in economy is same with neural net or vein net of human body. Moreover, every economic entity which has experienced global financial crisis in 2008 is realizing more importance and power of financial service, and is recognizing financial service as a part of new engine of growth for economic development. As global linkages relating financial service in the industry are deepened, we can expect that the economic interests between countries are more conflicted. Because financial service is regarded as critical factors in order to ensure future competitive advantage, more active change of financial service paradigm in Korea is required. The purpose of this paper is to analyze the paradigm of financial service in global business aspect, to prepare the global governance strategies about financial service, and to bring up some ideas for Korea's economic development after global financial crisis by intensifying the competitiveness of financial services. It is suggested that Korea should prepare the "Master Law for Financial Service" (provisional name) in advance as governance strategy for financial service. And not only establishing the financial risks prevention system and consumer's protection agency, but financial competitiveness strengthening actions will have to be included in governance strategy of financial service in Korea.

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A Study on the ITIL Management Model Based on the IT Governance for Public Sector (공공부분을 위한 IT 거버넌스 기반의 ITIL 관리 모델에 관한 연구)

  • Kim, Sang-Gil;Kim, Jin-Young;Park, Yeung-Gyu
    • Journal of Korea Multimedia Society
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    • v.17 no.4
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    • pp.490-505
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    • 2014
  • IT governance in order to achieve the strategic goals of the organization, leadership, organizational structure, and the process is defined. In order to achieve IT governance, organizational structure, leadership for spindle formation, maintenance, and standardized processes to specific and an effective ITIL (Information Technology Infrastructure Library) management model is needed. In this study, the K Authority Management Model of IT Governance ITIL - based research on service delivery and customer satisfaction through the effective information for ITSM (Information Technology Service Management, IT Service Management) building measures, information for business planning and performance management PMS (Project Management System, project Management System), survey on ICT service levels established through the process of planning and construction management models such as ITIL future research on the public portion of the proceeds from the ITIL management model can be utilized as a guideline when establishing a theoretical presents a base.

R&D Investment and Corporate Governance Systems for the Performance of Chinese Firms (중국기업들의 성과를 위한 연구개발투자와 기업지배구조의 활용방안에 대한 연구)

  • Yoo, Jaewook
    • Journal of the Korea Convergence Society
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    • v.10 no.11
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    • pp.367-374
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    • 2019
  • This study aims to examine the impact of corporate governance systems on the relationship between R&D investment and the performance of Chinese firms. The sample firms were obtained from the statistical yearbook of Chinese high-tech firms. We implement a multiple-regression analysis for an empirical examination. The findings of showed that the separation of the board chair with CEO strengthen the R&D investment-performance relationship of Chinese firms. However, the outsider ratio of the board was found to negatively moderate that relationship. This study provides practical guidelines for Chinese firms undertaking R&D management and corporate governance systems. It also encourages future study on the effects of corporate governance as the means for R&D investment management.