• Title/Summary/Keyword: Compliance Effect

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Relationship Between Profitability and Corporate Social Responsibility Disclosure: Evidence from Vietnamese Listed Banks

  • TRAN, Quoc Thinh;VO, Thi Diu;LE, Xuan Thuy
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.875-883
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    • 2021
  • In view of integration and development, compliance with regulations on information disclosure has important implications for users. Corporate social responsibility disclosure (CSRD) is an increasing concern of the community and society. CSRD always poses many challenges for the profitability of banks. The article uses the ordinary least square method to examine this relationship and employs timeseries data of five years from 18 Vietnamese listed banks from 2015 to 2019. The analysis is informed by Jensen and Meckling's Agency theory, Freeman's Stakeholder theory, and Dowling and Pfeffer's Legitimacy theory. The study results show that, with the CSRD dependent variable, return on assets (ROA) and net interest margin (NIM) have an opposite influence, but return on equity (ROE) has no effect on CSRD, while on the profitability dependent variable, CSRD has a different influence from ROA, ROE, and NIM. To enhance the relationship between CSRD and profitability, Vietnamese listed banks need to comply with CSRD as well as demonstrate responsibility to the community and society. Managers need to have clear development policies and strategies to ensure both profitability and responsibility regarding social and community activities. The State Securities Commission of Vietnam should enforce strict sanctions, conduct inspection, and complete evaluation criteria for Vietnamese listed banks.

The Role of Board Structure and Audit Committee Structure on Financial Reporting Timeliness: Evidence from Public Listed Companies in Malaysia

  • GHANI, Erlane K.;CHE AZMI, Ahmad Farib
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.443-453
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    • 2022
  • This study examines the effect of board structure and audit committee structure on financial reporting timeliness among Malaysia's top 100 public listed companies. Specifically, this study examines whether board independence, CEO duality, board ownership, audit committee independence, audit committee competence, and audit committee diligence influence the financial reporting timeliness of the public listed companies. This study selects the top 100 public listed companies by market capitalization listed on the Main Market of Bursa Malaysia as the sample since the main board has more public reprimands on financial reporting timeliness compared to other boards. The content analysis on annual reports for five years from 2015 to 2019 is utilized. The results show that audit committee competence and audit committee diligence significantly affect financial reporting timeliness. In contrast, board independence, CEO duality, board ownership, and audit committee independence have insignificant relationships with financial reporting timeliness. The findings in this study are helpful for compliance analysis and strategy formation in enhancing financial reporting timeliness. This study contributes to the agency theory by providing a new perspective on how different sections of corporate governance features interact together to influence financial reporting timeliness. In addition, the findings can assist the regulators in establishing quality corporate governance.

Topology optimization with functionally graded multi-material for elastic buckling criteria

  • Minh-Ngoc Nguyen;Dongkyu Lee;Joowon Kang;Soomi Shin
    • Steel and Composite Structures
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    • v.46 no.1
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    • pp.33-51
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    • 2023
  • This research presents a multi-material topology optimization for functionally graded material (FGM) and nonFGM with elastic buckling criteria. The elastic buckling based multi-material topology optimization of functionally graded steels (FGSs) uses a Jacobi scheme and a Method of Moving Asymptotes (MMA) as an expansion to revise the design variables shown first. Moreover, mathematical expressions for modified interpolation materials in the buckling framework are also described in detail. A Solid Isotropic Material with Penalization (SIMP) as well as a modified penalizing material model is utilized. Based on this investigation on the buckling constraint with homogenization material properties, this method for determining optimal shape is presented under buckling constraint parameters with non-homogenization material properties. For optimal problems, minimizing structural compliance like as an objective function is related to a given material volume and a buckling load factor. In this study, conflicts between structural stiffness and stability which cause an unfavorable effect on the performance of existing optimization procedures are reduced. A few structural design features illustrate the effectiveness and adjustability of an approach and provide some ideas for further expansions.

Effects of Chemical Accident Risk Warning System in High Risk Workplaces of Major Industrial Accidents (중대산업사고 고위험 사업장에서의 화학사고위험경보제의 효과)

  • Woo Sub Shim;Ji Ung Choi
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.5
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    • pp.765-774
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    • 2023
  • The Ministry of Employment and Labor implemented the process safety management(PSM) system from 1996 to prevent major industrial accidents caused by chemical substances, but the number of accidents did not drastically decrease. Even in workplaces with excellent PSM ratings, large-scale chemical accidents still occur due to non-compliance with safety work procedures and insufficient safety measures during maintenance and other work. Accordingly, the chemical accident risk warning system was introduced in 2014 to supplement the PSM system and prevent accidents that may occur during regular or unexpected maintenance and repair work. In the meantime, changes in the safety management system have been checked since the introduction of the chemical accident risk warning system at chemical handling workplaces, and based on the results, a plan for upgrading this system has been proposed. The effect of the CARW system was found to directly prevent accidents through wired and on-site consulting and post-management at the workplace and indirectly contribute to the establishment of a safety and health management system at the workplace, such as improving safety culture awareness.

Study on the status and improvement of national observer programs for Korean distant water fisheries (원양어업 옵서버 프로그램 운영현황과 개선방안)

  • Sung Il LEE;Zang Geun KIM
    • Journal of the Korean Society of Fisheries and Ocean Technology
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    • v.60 no.1
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    • pp.47-56
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    • 2024
  • After the United Nations Convention on the Law of the Sea (UNCLOS) and the United Nations Fish Stocks Agreement (UNFSA) came into effect, international cooperation through Regional Fisheries Management Organizations (RFMOs) was required, and each RFMO established and adopted the Conservation and Management Measure (CMM) for the regional Observer Programs to collect data on fishing activities and biological information and to monitor compliance with its CMMs. The observer coverage required by RFMO is set differently for each organization, ranging from 5% to 100%. In addition, tuna-RFMOs recommend increasing observer coverage in longline fisheries by at least 20% for reliable quantitative analysis of not only target species but also bycatch species and ecologically related species such as sharks, seabirds, sea turtles, and marine mammals. Therefore, in this study, we discussed ways to improve the national observer programs of Korean distant water fisheries that should be addressed in the future to respond to the RFMO trends.

An Operations Study on a Home Health Nursing Demonstration Program for the Patients Discharged with Chronic Residual Health Care Problems (추후관리가 필요한 만성질환 퇴원환자 가정간호 시범사업 운영 연구)

  • 홍여신;이은옥;이소우;김매자;홍경자;서문자;이영자;박정호;송미순
    • Journal of Korean Academy of Nursing
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    • v.20 no.2
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    • pp.227-248
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    • 1990
  • The study was conceived in relation to a concern over the growing gap between the needs of chronic patients and the availability of care from the current health care system in Korea. Patients with agonizing chronic pain, discomfort, despair and disability are left with helplessly unprepared families with little help from the acute care oriented health care system after discharge from hospital. There is a great need for the development of an alternative means of quality care that is economically feasible and culturally adaptible to our society. Thus, the study was designed to demonstrate the effectiveness of home heath care as an alternative to bridge the existing gap between the patients' needs and the current practice of health care. The study specifically purports to test the effects of home care on health expenditure, readmission, job retention, compliance to health care regime, general conditions, complications, and self-care knowledge and practices. The study was guided by the operations research method advocated by the Primary Health Care Operations Research Institute(PRICOR) which constitutes 3 stages of research : namely, problem analysis solution development, and solution validation. The first step in the operations research was field preparation to develop the necessary consensus and cooperation. This was done through the formation of a consulting body at the hospital and a steering committee among the researchers. For the stage of problem analysis, the Annual Report of Seoul National University Hospital and the patients records for last 5 years were reviewed and selective patient interviews were conducted to find out the magnitude of chronic health problems and areas of unmect health care needs to finally decide on the kinds of health problems to study. On the basis of problem analysis, the solution development stage was devoted to home care program development asa solution alternative. Assessment tools, teaching guidelines and care protocols were developed and tested for their validity. The final stage was the stage of experimentation and evaluation. Patients with liver diseases, hemiplegic and diabetic conditions were selected as study samples. Discharge evaluation, follow up home care, measurement and evaluation were carried out according to the protocols of care and measurement plan for each patient for the period of 6 months after discharge. The study was carried out for the period from Jan. 1987 to Dec. 1989. The following are the results of the study presented according to the hypotheses set forth for the study ; 1. Total expenditures for the period of study were not reduced for the experimental group, however, since the cost per hospital visit is about 4 times as great as the cost per home visit, the effect of cost saving by home care will become a reality as home care replaces part of the hospital visits. 2. The effect on the rate of readmission and job retention was found to be statistically nonsignificant though the number of readmission was less among the experimental group receiving home care. 3. The effect on compliance to the health care regime was found to be statistically significant at the 5% level for hepatopathic and diabetic patients. 4. Education on diet, rest and excise, and medication through home care had an effect on improved liver function test scores, prevention of complications and self - care knowledge in hepatopathic patients at a statistically significant level. 5. In hemiplegic patient, home care had an effect on increased grasping power at a significant level. However. there was no significant difference between the experimental and control groups in the level of compliane, prevention of complications or in self-care practices. 6. In diabetic patients, there was no difference between the experimental and control groups in scores of laboratory tests, appearance of complications, and self-care knowledge or self -care practices. The above findings indicate that a home care program instituted for such short term as 6 months period could not totally demonstrate its effectiveness at a statistically significant level by quantitative analysis however, what was shown in part in this analysis, and in the continuous consultation sought by those who had been in the experimental group, is that home health care has a great potential in retarding or preventing pathological progress, facilitating rehabilitative and productive life, and improving quality of life by adding comfort, confidence and strength to patients and their families. For the further studies of this kind with chronic patients it is recommended that a sample of newly diagnosed patients be followed up for a longer period of time with more frequent observations to demonstrate a more dear- cut picture of the effectiveness of home care.

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Bending Creep Performance of Domestic Wood-Concrete Hybrid Laminated Materials (국내산 목재-콘크리트 복합적층재의 휨 크리프 성능)

  • Cho, Young-june;Byeon, Jin-Woong;Lee, Je-Ryong;Sung, Eun-Jong;Park, Han-Min
    • Journal of the Korean Wood Science and Technology
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    • v.44 no.1
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    • pp.57-66
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    • 2016
  • In order to develop materials with a low environmental load for restoring the destroyed forest, seven types of wood-concrete hybrid laminated materials were manufactured with four softwoods, three hardwoods and concrete, and the effect of wood density on bending creep property was investigated. The bending creep curves showed a shape to considerably increase at the upper right side, and the curves were found to show a linear behavior beyond about 30 min - 1 hour, as behaviors of solid woods and wood-based materials. The initial compliances of wood-concrete hybrid-laminated materials decreased with an increase in the wood density, and those values showed 0.9 - 1.2 times of the concrete one. The creep compliances of hybrid laminated materials showed very low values, which were 0.4 - 0.8 times of the concrete ones. The relative creep were very low with a range from 8.2% to 17.0% range, which were 0.3 - 0.7 times of the concrete ones. These results indicate that these materials can be applied for restoring the destroyed forest to reduce creep deformation of the conventional concrete materials by hybrid-laminating concrete and woods.

A Study on Current State of Web Content Accessibility on General Hospital Websites in Korea (국내 종합병원의 웹 접근성 실태에 관한 연구)

  • Kim, Yong-Seob;Oh, Kun-Seok
    • Journal of Internet Computing and Services
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    • v.11 no.3
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    • pp.87-103
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    • 2010
  • In the study, we introduce the trend in domestic and foreign web accessibility, as well as the legal system that ensures web accessibility. Based on Korean Web Content Accessibility Guidelines (KWCAG)1.0, we investigated the web content accessibility of 80 tertiary health-care hospitals and general hospitals in Korea. We evaluated accessibility by combining accessibility-based criteria (ABC) with usability-based criteria (UBC). ABC was limited to an alternative text for Guideline 1, using a small number of frames and keyboard accessibility for Guideline 2. UBC checked the voice service (TTS), resizing text, providing multi-lingual websites, and disclosing web accessibility policy. KADO-WAH2.0 was used for representing the compliance rate. The evaluation result was a considerable improvement from previous results, even though the rate of compliance with web accessibility was generally insufficient. There was a significant difference between those medical centers which did and did not comply with web accessibility. Incidentally, many hospitals were found to have attempted to confront and come to terms with web accessibility. In future, the following factors are advisable for medical centers with publicity or public interest: they must employ active and aggressive promotion of establishment of independent accessibility guidelines to secure web accessibility, they should effect an improvement of the realization of web accessibility, there can be constant education and promotion, and there can be an institutional supplementation, as well as others.

Agribusiness and State-Level Environmental Policy in the U.S. Hog and Beef Industries (미국의 농업경영과 주 정부의 환경정책 -양돈 및 육우 산업을 중심으로-)

  • Park, Dooho
    • Environmental and Resource Economics Review
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    • v.15 no.4
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    • pp.761-782
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    • 2006
  • Public concern about potential environmental risks of agricultural business for the livestock production and processing is increasing. However, due to differences in general industry structural characteristics, such as farm production and waste management practices, the effect of environmental policies may differ from species to species as well as across size categories. I hypothesize that additionally the Hog subsector may be more responsive to (or a greater driver of) a changing environmental policy environment than the beef cattle subsector. As a result, I expect to see more evidence of sensitivity in the environmental policy milieu from hog-operation stocking and location decisions than with the beef cattle industry. The written stringency may not effective, instead state's willingness to enforce has directed and regulated. However, in presence of rapid structural change, just like hog, industry location is affected by state regulation. The environmental compliance cost may be a small portion of industry total cost and fixed cost of beef industry makes for them to take into account environmental compliance for their decision location making. The special movements of flog industry have chance to minimize the cost of the operation and they willing to locate less stringent place.

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Risk Factors for Recurrent Falls Among Community-dwelling Elderly in Rural Areas (농촌지역 재가노인의 낙상 재발 위험요인 분석)

  • Jeon, Mi-Yang;Yang, Sun Hee
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.14 no.12
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    • pp.6353-6363
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    • 2013
  • This study examined the factors associated with recurrent falls among the community-dwelling elderly. The participants were 329 community-dwelling elderly. The data was collected from February 5, 2010 to February 14, 2010. Over the past 1 year, 14.3% of the 329 participants fall once, and 4.0% experienced recurrent falls. There was a significant difference among the non fallers, single faller and recurrent fallers with regard to the static balance(F=5.86, p=.003), dynamic balance(F=24.32, p<.001), risk of fall(F=9.94, p<.001) and compliance of prevention behavior related to falls(F=3.09, p=.047). The analysis results for the correlation between variables showed that the number of falls had a negative effect on the knee flexors muscular strength(r=-.15, p=.008), static balance(r=-.16, p=.004) and compliance of prevention behavior related to falls(r=-.12, p=.030) and a positive affect for the dynamic balance(r=.26, p<.001), depression(r=.13, p=.019) and risk of falls(r=.30, p<.001). The variables explained 36.0% of the variants in the occurrence of recurrent falls. Therefore, an effective recurrent fall prevention program should focus on multiple risk factor intervention.