• Title/Summary/Keyword: CSR Index

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Corporate Sustainable Management and Capital Market: Evidence from Data on Korean Firms

  • Kim, Young Sik;Park, Ki Bum
    • Asia Pacific Journal of Business Review
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    • v.1 no.1
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    • pp.56-66
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    • 2016
  • This paper analyzes the impact of CSR on the capital market in Korea. Using listed firm data, we found that the creation of a sustainability report that indirectly measures the level of CSR can bring the stock rate of return difference of the capital markets representative market index. First, when a firm that publishes a sustainability report was compared in terms of its market rate of return, it showed a return increase of about 2%. We found that higher returns were gained through the competitive advantage of related business when the firm was actively involved in social responsibility. Second, subdivided by industry, firms belonging to the capital goods industry were found to reach a rate of return higher than that of industry. These firms were noticeable in that they were mainly industries that caused environmental pollution. Third, in an additional analysis, foreign investors were given the sustainability report of financial businesses, which was interpreted as a result of industrial properties. A sustainability report is a comprehensive report on the economic, environmental, and social activities of a firm. Firms must learn that they can gain trust through publishing trustworthy reports while achieving the lasting power of growth from the stakeholders.

The Relationship between Corporate Social Responsibility and Corporate Financial Performance: An Empirical Study of Commercial Banks in Vietnam

  • BUI, Hang Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.373-383
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    • 2021
  • This article aims to examine the one-way relationship between corporate social responsibility (CSR) and the financial performance of Vietnamese commercial banks, mainly focusing on the moderating role of ownership structure. Net interest margin (NIM), return on assets (ROA), and return on equity (ROE) are selected to represent the financial performance of the bank. CSR was measured using a multi-method approach that included both quantitative and qualitative methods. Corporate Social Responsibility Expenditure (CSRE) was estimated using financial data. The Corporate Social Responsibility Disclosure (CSRD) index was created using the content analysis method. Using a sample of Vietnamese commercial banks from 2012 to 2019 to perform regressions in the dynamic panel models with the two-step system generalized method of moments (GMM) estimator, the results show a positive effect of both CSRE and CSRD on the financial performance of the bank. Empirical evidence shows that the positive relationship between CSRE and financial performance is more robust in statecontrolled banks than non-state-controlled banks. In contrast, the positive impact of CSRD on the financial performance of state-owned commercial banks is weaker than that of private banks. Finally, the paper points out the limitations and proposes future research directions.

Studies on Boil-off Loss Ratio in the Cocoon Shells of Multivoltine${\times}$Bivoltine Hybrids of Silkworm, Bombyx mori L.

  • Rao, D.Raghavendra;Singh, Ravindra;Premalatha, V.;Sudha, V.N.;Kariappa, B.K.;Dandin, S.B.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.8 no.1
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    • pp.101-106
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    • 2004
  • The process of removal of gummy proteinous material sericin from silk is commonly called as degumming loss or boil-off loss ratio. In the present study, the boil-off loss ratio in the cocoon shells of twelve multivoltine${\times}$bivoltine hybrids and their parents were analysed. Inheritance pattern of boil-off loss ratio was analysed in crosses involving high and low boil-off loss parents, F$_1$s, F$_2$s and back-crosses by parent off spring regression analysis. Heterosis and heterobeltiosis was also analysed for this character, Highly significant (P>0.01) variations were observed in eight out of ten multivoltine and two out of five bivoltine parents indicating the presence of genetic variation in the expression of boil-off loss ratio. Among F$_1$ hybrids, ten hybrids expressed significant (P>0.01) variations when compared with control hybrid PM${\times}$NB$_4$D$_2$. Significant negative heterosis was expressed in three multi ${\times}$ bi hybrids viz., BL67${\times}$CSR$_{101}$, 96A${\times}$CSR$_{19}$ and 96C${\times}$CSR$_{19}$, which is desirable for this character, whereas expression of heterobeltiosis was significant only with one hybrid, 96C${\times}$CSR$_{18}$ in desired direction. Studies on inheritance pattern showed that the character is heritable and contribution percentage of female and male in the ratio of 50.9: 49.1 and it appears that both the parents are influencing in the expression of boil-on loss ratio in silkworm. Based on the overall performance and evaluation by multiple trait evaluation index and also considering the expression of the boil-off loss ratio three hybrids vix., BL67 ${\times}$ CSR$_{101}$, 96A${\times}$CSR$_{19}$ and 96C${\times}$CSR$_{18}$ were found superior and recommended for commercial exploitation.n.ion.n.

Development of Calibration Equation of Portable Slip Meter(ONO·PPSM) through Comparative test of O-Y·PSM and ONO·PPSM (경사인장형 미끄럼시험기(O-Y·PSM)와의 비교실험을 통한 휴대형 미끄럼시험기(ONO·PPSM)의 교정식 작성)

  • Shin, Yoon-Ho;Choi, Soo-Kyung
    • Journal of the Korea Institute of Building Construction
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    • v.9 no.5
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    • pp.155-161
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    • 2009
  • This paper is the result of an investigation of a PORTABLE SLIP METER(ONO PPSM) by means of an experiment to determine its validity as a slip meter. ONO PPSM is a portable slip meter that was designed to address the weak points of PULL SLIP METER(O-Y PSM), which can be used to obtain an accurate measurement of slip resistance, but is very heavy and difficult to operate. To determine the stability of the measurement result of ONO PPSM, we measured the slip resistance against 4 different kind of floor materials. Our findings showed that the coefficient of variability of CSR' is less than 0.05. Furthermore, we verified the relationship between CSR' and CSR. More specifically, by performing the slip test against 7 different kinds of inorganic matter floor materials, we increased the usability of ONO PPSM as a slip meter by suggesting a method of sharing the evaluation index of slip of CSR' and C.S.R.

Effect of Antibiotic (Norfloxacin) Administration on Commercial Characters of New Bivoltine and Cross Breed Hybrid Silkworm (Bombyx mori L)

  • Rahmathulla, V.K.;Nayak, Padmanav;Vindya, G.S.;Himantharaj, M.T.;Rajan, R.K.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.7 no.2
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    • pp.191-195
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    • 2003
  • The impact of antibiotic (Norfloxacin) administration ,at different concentration (50 ppm and 100 ppm) on commercial characters of bivoltine $({CSR_2}{\times}{CR_4})$ and the cross breed race $({BL_67}{\times}{CSR_101})$ was studied. The result indicated that antibiotic administration with different concentrations significantly improved the rearing and cocoon parameters like larval duration, larval weight, growth index, single cocoon weight, single shell weight and shell ratio. The post cocoon parameters like average filament length, non-breakable filament length, raw silk percentage, raw silk recovery percentage, denier, reelability and neatness were recorded significantly higher in antibiotic treated batches. The better performances of these parameters were recorded with the increase of antibiotic concentration.

Breeding Resource Materials of Silkworm Bombyx mori L., Adaptive to Tropical Climates

  • P. Sudhakara Rao;R. K. Datta;K. M, Vijaya-Kumari;M. Ramesg Babu
    • International Journal of Industrial Entomology and Biomaterials
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    • v.4 no.2
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    • pp.109-115
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    • 2002
  • With the objective of selecting suitable breeding resource material, 10 polyvoltine and 10 bivoltine breeds were drawn from the germplasm collection of Central Sericultural Research and Training Institute, Mysore, and evaluated for 3 seasons comprising one year (6 trials). Data were collected on seven traits of economic importance such as fecundity, pupation rate, cocoon yield, cocoon weight, cocoon shell weight, cocoon shell ratio and filament length, and statistically analysed with two-way classification, Joint scoring method and evaluation index. Significant seasonal variations (P < 0.01) were observed in both polyvoltine and bivoltine breeds. Polyvoltines BL27, BL36 and BL54 and bivoltines CSR2, CSR4 and Daizo scored highest ranking values in all the three methods. Hybridization was initiated based on larval markings and cocoon shapes. Seasonal variations were discussed.

A Study on the Relevance of the BSC Adoption Firm's CSV index to the Firm Value (BSC 도입기업의 공유가치창출(CSV) 지표와 기업가치의 관련성)

  • Bae, Byung-Han;Kim, Hyuna;Lee, Chae-Ri;Wang, Yan;Kim, Min-Jung
    • Management & Information Systems Review
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    • v.31 no.4
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    • pp.491-516
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    • 2012
  • The KPI of the four perspectives in BSC need to modify because of the change of management environment. In particular, the KPI of the financial perspective needs to modify necessarily. The KPI of financial perspective has been consisted of short-term measures: net profit current year, operating profit, ROE, ROIC, and EVA. But this financial indicators cannot afford to represent essential corporate sustainability management in the change of management environment. So this study suggests CSV(Creating Shared Value) as an additional KPI of financial perspective. And this study investigates whether CSV represents business performance as the additional KPI in BSC adoption firms. To verify a hypothesis, the sample includes listed firms announcing CSR index publicly between 2005 and 2010. The results of this study are summarized as follows. The high CSV firms is higher on the value relevance of firm in comparison with low CSV firms. Moreover, The firm value of BSC adoption firms is lower than otherwise, but it is insignificant. Limitation of Our study is that we have no choice but to use dummy variable. Because it is a material question as CSV measurement. Nevertheless, contribution of our study is to suggest new KPI of BSC perspective to meet management environment.

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On the Weight Reduction of Longitudinal Members of Mid-Sized Bulk Carrier Considering the Minimum Shear Force according to Compartment Arrangement based on H-CSR (구획배치에 따른 최소 전단력을 고려한 H-CSR 기반 중형 살물선 종강도 부재의 중량 절감 방안 연구)

  • Na, Seung-Soo;Song, Ha-Cheol;Jeong, Sol;Park, Min-Cheol;Bae, Sang-Don
    • Journal of the Society of Naval Architects of Korea
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    • v.54 no.4
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    • pp.352-359
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    • 2017
  • Because the Energy Efficiency Design Index(EEDI) came into effect in 2013, it is necessary to develop a new technology to overcome $CO_2$ emission regulations. In structural design viewpoint, lots of researches are carried out to develop eco-friendly and high fuel efficiency ships by weight reduction. By using the automated compartment arrangement system and automated structural design algorithm which were developed by the authors, new researches are performing to combine the above two systems. However, the effect of weight reduction was not significant because structural designs by using these systems for the midship part was carried out only focused on the minimum still water bending moment. In this paper, at first, good compartment arrangements which give the minimum still water bending moment and(or) shear force were chosen by using the automated compartment system. And then, influence of shear force on weight reduction was investigated by using the automated structural design algorithm considering longitudinal strength, local strength and shear strength of longitudinal members in cargo holds. Conclusively, it is necessary to consider the minimum still water bending moment and shear force simultaneously to reduce the weight of mid-sized bulk carrier. Also, good compartment arrangement which gives much more weight reduction compared with existing ship was proposed.

Evaluation and Selection of Potential Parents Based on Selection Indices and Isozyme Variability in Silkworm, Bombyx mori, L.

  • Moorthy S.M.;Das S.K.;Rao, P.R.T.;Urs S. Rao,;Sarkar A.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.14 no.1
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    • pp.1-7
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    • 2007
  • In order to find out the appropriate parents for the breeding programme, twelve bivoltine and three multivoltine silkworm breeds were evaluated on the basis of multivariate selection index and isozyme analysis. Of which, four [CSR2, D6 (P), SK3, SK4] bivoltine and two multivoltine (Nistari, Cambodge) breeds were selected and breeding initiated to develop higher survival bivoltine silkworm breed suitable for tropical conditions. Among two isozyme (Esterase and acid phosphatase) analyzed, only esterase exhibited polymorphism among the bivoltine breeds. No polymorphism was observed among multivoltine in respect of esterase as well as acid phosphatase.

Evaluation and Identification of Promising Bivoltine Breeds in the Silkworm Bombyx mori L.

  • Begum, Azeezur Rehman Naseema;Basavaraja, Hadikere Kallappa;Joge, Punjab Govindrai;Palit, Aditya Kumar
    • International Journal of Industrial Entomology and Biomaterials
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    • v.16 no.1
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    • pp.15-20
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    • 2008
  • Under the all India programme of evaluation of mulberry and silkworm genotypes, twelve bivoltine silkworm breeds obtained from Central Silkworm Germplasm Resource Centre, Hosur (CSGRC) were evaluated at the bivoltine silkworm breeding laboratory, Central Sericultural Research & Training Institute, Mysore (CSR&TI). These breeds were tested during September-October 2003, August-September 2004 and February-March 2005. The average temperature and humidity during September-October 2003 was $26.5^{\circ}C$ and 72.6% RH, while during August-September 2004, it was $26.5^{\circ}C$ and 75.2% RH and during February-March 2005 it was $24^{\circ}C$ and 48% RH respectively. The performance of the breeds in respect of 21 traits was studied and statistically analyzed using analysis of variance (Singh and Choudhary, 1985). Silkworm breeds were short-listed using multiple trait evaluation index method as suggested by Mano et at., (1993). Evaluation Index values were calculated for all the 11 traits of economic importance and six breeds were short-listed based on average index value 50 and above 50. Two breed viz., BV 183 (SMGS-1) have recorded average E.I. >50 in 10 traits (except in neatness) and ranked first and the breed BV 262 (SMGS9) with E.I. value >50 in nine traits except in cocoon weight and neatness ranked second, in the order of merit. These two breeds may be selected as resource material for evolving region specific silkworm breeds.