• Title/Summary/Keyword: Business Governance

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Corporate Social Responsibility and Corporate Governance among Major U.S. Corporations: Relationship between Having a PA/SR Committee and Corporate Social Performance (미국 주요 기업들에서 관찰되는 기업의 사회적 책임과 기업지배구조: PA/SR 소위원회와 기업의 사회적 경영성과의 관계)

  • Moon, Jon Jungbien
    • International Area Studies Review
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    • v.16 no.1
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    • pp.29-52
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    • 2012
  • This study investigates the relationship between corporate social responsibility and corporate governance among major US corporations belonging to S&P 500 index during 2000-2008. Specifically, it examines the ways in which firms engage their boards of directors in integrated strategy by establishing a public affairs(PA) or social responsibility(SR) committee at the board level and the effects of this practice on their corporate social performance(CSP). The empirical findings show that negative CSP is the major driver for establishing such a committee, that is, firms suffering from negative CSP as a result of experiencing undesirable social events tend to establish such a committee. On the other hand, such a committee helps the firm increase positive CSP once it is established. In other words, the purpose of establishing such board-level committees is to address problems associated with negative CSP, and once established, they can help enhance positive CSP by enabling the firm to integrate market, non-market, and social responsibility aspects in strategy formulation more effectively. This is evidence that Baron's integrated strategy framework can help firms achieve tangible outcomes.

Decentralized Autonomous Organization (DAO) as a Metaverse Governance: A Case Study of Decentraland DAO (메타버스 운영조직으로서 탈중앙화자율조직(DAO) 사례분석: 디센트럴랜드를 중심으로)

  • Jinyoung Han;Hyunjung Rhee
    • Information Systems Review
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    • v.26 no.1
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    • pp.151-172
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    • 2024
  • Metaverse, which supports social and economic activities in the virtual world, is being cited as the core of future Web 3.0 businesses. However, most of the major metaverse platforms currently adhere to the Web 2.0 system and are operated in a centralized manner. Accordingly, this study investigated the form of metaverse operation by examining the case of Decentraland, a metaverse platform operated as DAO, a decentralized autonomous organization in the form of Web 3.0. From the case analysis, we found that Decentraland had positive characteristics such as a horizontal operating structure, fair profit distribution, and transparency, but there were challenges including the possibility of returning to centralization in the operating process, the possibility of abuse of an autonomous system, and inefficiency in decision-making. Therefore, in this study, the timing of transition to DAO governance was discussed, and DAO's efforts for business continuity and the need for adjustment for autonomous operation were suggested as implications. The implications presented in this study are expected to contribute to materializing not only practical but also theoretical aspects of platform operation aimed at web 3.0 as well as the metaverse.

A Study for Enhancing Necessity of Certain Industrial Security Charge Department through Investigating Domestic Industrial Security Organization (국내 산업보안 유관기관 조사를 통한 산업보안 전담부서 필요성 제고)

  • Lee, Hyojik;Ryu, Bora;Kim, Hwayoung;Lee, Jeakyun;Kim, Yein;Chang, Hangbae
    • The Journal of Society for e-Business Studies
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    • v.21 no.2
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    • pp.121-133
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    • 2016
  • All industries has expanded their research investment for development and secure of new technology, following application of ICT technology and rapid growth of industrial technology. Therefore efforts to protect the new technology have strengthened. Several governments have conducted a variety of industrial security activities with interest because these efforts are considered not only business problem level but also national level. In this paper, we research the industrial security related organization that performs the activities for industrial assets protection and technology drain prevention. Furthermore we discuss problems with the industrial security performance of government and emphasize the necessity of industrial security department in government.

A Convergence Study on the Effect of Investor Relation on Financial Ratios (기업설명회 개최가 기업의 재무비율에 미치는 융합연구)

  • Ji, Sang-Hyun;Lee, Gyeong-Rak;Lee, Jin-Soo
    • Journal of the Korea Convergence Society
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    • v.8 no.1
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    • pp.181-186
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    • 2017
  • We examined the effect of Investor Relation(IR) on financial Ratios. This Study used by using 1,178 sample data from 2007 to 2010. In short, the result of this study's is as followed. Investor Relation(IR) have a positive relevance with financial Ratios variables. Therefore we can support that the firm held Investor Relation(IR) shows the better financial performance according to this study. This study contributes as follow. we can confirm how does a Investor Relation(IR) affect financial performance by this study's result. We hope that this study can be helped development of capital market and give a good news to investors on firms that have good governance level.

The moderating effect of Korean fashion SMEs' company age and size on the relationship between management ownership and company financial growth (패션기업의 경영자 기업지배력이 기업 재무성장성에 미치는 영향 - 한국 중소기업의 규모와 기업업력의 조절효과를 중심으로 -)

  • Yoon, Namhee;Kim, Ji-Yeon
    • The Research Journal of the Costume Culture
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    • v.24 no.2
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    • pp.248-262
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    • 2016
  • Most Korean companies in the fashion industry are SMEs, and the role of the CEO and management ownership is important for enhancing the firm's competence and developing strategies. The study aims to examine the effect of management ownership on company financial growth. In particular, the study focuses on the moderating effect of company age and size on Korean fashion SMEs' financial outcomes. Financial data based on company financial statements from 2012 to 2014 was collected by the Data Analysis, Retrieval and Transfer System of Korea's Financial Supervisory Service. A total of 295 companies' (domestic fashion businesses) data was analyzed by the bootstrap method. The median sales value in the financial year 2014 was 47,492,403,958 KRW, and the company size was divided by it. The companies were in business for an average of 20 years. According to the results, the management ownership had a negative effect on Compound Annual Growth Rate (CAGR) for the three-years, and the relationship between the two variables was moderated by company age. Additionally, the interaction effect of management ownership and company age on 3-CAGR was also moderated by company size. When the companies had spent only a few years in business, a negative effect of management ownership for small firms and a positive effect of management ownership on financial growth for medium firms were found. These results suggest that small companies starting business need to manage their company governance structure to make flexible decisions, and after retaining financial growth, the companies can expand their businesses based on strong ownership.

A Study on the Relationship Between Entrepreneurial Orientation and Company Performance in Entertainment Firms (엔터테인먼트 기업의 기업가적 지향성과 기업성과의 관계에 관한 연구)

  • Kim, Dong-Ha;Yu, Gun-Jea;Lee, Kwang-Chul
    • The Journal of the Korea Contents Association
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    • v.18 no.2
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    • pp.11-25
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    • 2018
  • This study analyzed how the entrepreneurial orientation of Korean CEO influenced to the performance of companies in entertainment business. The research verified the direct influence that the entrepreneurial orientation of entertainment business affected the companies' performance, and examined the diversity of TMT and the control effect of corporate governance. This study contributed to previous researches in two ways. The first, the study verified the concept of entrepreneurial orientation on entertainment business which was only focused on manufacturing or IT industry although the entrepreneurial orientation received attention as a significant research issue on middle and small venture businesses. Second, the research also verified the characteristics of CEO and executives bringing the concept of TMT's diversity in entertainment companies which were dependent on person's capacity. As a result of the research, the entrepreneurial orientation (innovation, proactiveness, risk-taking) of entertainment entrepreneurs led to a positive effect on financial performance. The research showed that the more TMT was diverse or ownership oriented management, the more broadened the positive effects.

Research Trends Investigation Using Text Mining Techniques: Focusing on Social Network Services (텍스트마이닝을 활용한 연구동향 분석: 소셜네트워크서비스를 중심으로)

  • Yoon, Hyejin;Kim, Chang-Sik;Kwahk, Kee-Young
    • Journal of Digital Contents Society
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    • v.19 no.3
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    • pp.513-519
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    • 2018
  • The objective of this study was to examine the trends on social network services. The abstracts of 308 articles were extracted from web of science database published between 1994 and 2016. Time series analysis and topic modeling of text mining were implemented. The topic modeling results showed that the research topics were mainly 20 topics: trust, support, satisfaction model, organization governance, mobile system, internet marketing, college student effect, opinion diffusion, customer, information privacy, health care, web collaboration, method, learning effectiveness, knowledge, individual theory, child support, algorithm, media participation, and context system. The time series regression results indicated that trust, support satisfaction model, and remains of the topics were hot topics. This study also provided suggestions for future research.

A Study on the Productive Improvement with Learning Organization and On The Job Training of Small and Medium business (중소기업의 학습조직과 현장직무교육훈련이 생산성 향상에 미치는 영향)

  • Ko, Kyoung-Han
    • Industry Promotion Research
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    • v.1 no.1
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    • pp.71-77
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    • 2016
  • The main objective of this study was found to be empirically seeing whether on-site training for students in the field of education and various programs in the field of SMEs michyeotneun any impact on production duties. Results of sub-areas of education and training educational experience, training motivation, training, experience, demographic characteristics and performance of education and training, and because there is a close correlation as sub-areas of business productivity, industrial welfare, governance, education, the period of increased productivity by properly adjusting the sub-variables of education and training it can maximize the educational experience of the work. This study provides the policy implications and implications for the future so that the unemployed(including unemployed youth) re-employment training and on-site training is satisfactory to shine and develop more good quality programs.

Implementation Strategy of Integrated Information Management System of University Financial Support Project

  • Lee, Hae-Gun;Shin, Seong-Yoon
    • Journal of the Korea Society of Computer and Information
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    • v.24 no.10
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    • pp.243-249
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    • 2019
  • In this paper, we proposes a comprehensive analysis of the characteristics, selection procedures, and management perspectives of each university's financial support project, and derivation of a plan to integrate the information system of the university's financial support project. To this end, we analyze the current status of business operations before and after restructuring university financial support projects, and identified the characteristics, commonalities, and differences of each project. Individual projects are promoted segmentally, evaluation indicators and evaluation methods are different for each business, standardization is difficult, and in the absence of integrated governance, sympathy and will of the system integration of the government and the managing agency cannot be found. In order to integrate the system, the business management process must be integrated and standardized, and the system equipment such as budget category adjustment must be complemented, and a stable budget for system integration must be secured.

The Impact of Digital Transformation on Business Financialization: Mediating Effect of Green Technology Innovation (디지털 혁신이 기업 재무활동에 미치는 영향: 녹색기술혁신의 매개효과)

  • Kyung-Iihl Kim
    • Advanced Industrial SCIence
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    • v.2 no.4
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    • pp.17-27
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    • 2023
  • The purpose of this study is to improve the efficiency of digital conversion by presenting factors that domestic small and medium-sized manufacturers should consider when attempting digital conversion. Using SME data from 2019 to 2021, we analyze the impact of digital transformation on the financialization of enterprises and which digital technologies affect financialization, and further analyze the mediating effect of green technology innovation between digital transformation and business finance. did The results of the study support the negative impact of digital technologies on corporate finance, and cloud computing technologies have been found to significantly inhibit the level of corporate finance. In addition, it was found that green technology innovation plays a mediating role in suppressing corporate financialization by promoting green technology innovation through digital transformation. Digital transformation influences corporate decision-making through green technology innovation, suggesting that the combination of digital technology and green projects should be considered.