• 제목/요약/키워드: Financial Effect Measurement

검색결과 79건 처리시간 0.026초

The Mediating Role of Distribution Kahn's Engagement: An Empirical Evidence of Salesforce in Indonesia

  • AKOB, Muhammad;ARIANTY, Rezki;PUTRA, Aditya Halim Perdana Kusuma
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제7권2호
    • /
    • pp.249-260
    • /
    • 2020
  • This study aims to explore the role of Khan's engagement dimension previous study in mediating the relationship between work-life balance and in-role and extra-role performance of salesforce. To measure the data, a quantitative approach conducted through a survey of the sales force in the financial services industry sector in Makassar City, Indonesia. We determine the sample by using purposive sampling technique, and a total of 188 salesforce respondents. SEM-PLS with the second-order model was applied to test the measurement model and the mediator role of the engagement. The results show that the engagement dimension fully mediates the effect of work-life balance on both in-role and extra-role performance direct or indirect effect. the findings in this study also address the great concern of both individuals and organizations that the antecedents of the work-life balance variable are fundamental reasons for improving performance. The results of this study indicate that the work-life balance program positively influences engagement. Overall, we can conclude that commitment not only serves as a means for employees to fulfill formal job requirements. This can also encourage them to take action that goes beyond the precise requirements of their work by presenting them physically, emotionally, and cognitively in the work environment.

사업 포트폴리오의 기술시너지 효과 : 50대 재벌의 패널자료분석

  • 김태유;박경민
    • 기술혁신연구
    • /
    • 제5권1호
    • /
    • pp.15-43
    • /
    • 1997
  • This paper investigates empirically the relationship between various business portfolio properties (particularly technological properties) and chaebol's performance using data on the 50largest chaebols in Korea. In addition to the traditional indexes to measure diversification such as entropy index, we calculated inter-industry technological similarity using R'||'&'||'D expenditure data by industry and 1990 Input-output Table in korea, and obtained chaebol-level technological relatedness and internal transaction proportion from chaebols' business profile, inter-inustry technological similarity and 1990 input-output table. We applied factor analysis on 13 business portfolio property indexes and showed that they could be grouped into 3 dimensions. diversification scope, inter-business relatedness and degree of vertical integration. In this paper, using 50 largest chaebols' financial data (1989-1994), we analyzed empirically the effect of business portfolio properties on ROS(Return On Sales) which is conventional index for firm performance and on TFP(Total Factor Productivity) growth which is a pure measure of firm performance. To utilize the advantage of panel data, FEM(Fixed Effect Model) and REM(Random Effect Model) were used. The empirical result shows that the entropy index as a measurement of inter-business relatedness in not significant but technological relatedness index is significant. OLS estimates on pooled data were considerably different from FEM or REM estimates on panel data. By introducing interaction effect among the three variables for business portfolio properties, we obtained three findings. First, only VI(Vertical integration) has a significant positive correlation with ROS. Second, when using TFP growth as an dependent variable, both TR(Technological Relatedness) and VI are significant and positively related to the dependent variable. Third, the interaction term between TR and VI is significant and negatively affects TFP growth, meaning that TR and VI are substitutes. These results suggest strategic directions on restructuring business portfolio. As VI is increased, chaebols will get more profit. A higher level of either TR or VI will increase TFP growth rate, but increase in both TR and VI will have a negative effect on TFP growth. To summarize, certain business portfolio properties such as VI and TR can be considered "resources" themselves since they can affect profit rate and productivity growth. VI and TR have a synergy effect of change in profit rate and productivity growth. VI increases ROS and productivity growth, while TR increases productivity growth representing a technological synergy effect.t.

  • PDF

기업의 사회책임이 기업경영보고의 질에 미치는 영향 (The Effect of Corporate Social Responsibilities on the Quality of Corporate Reporting)

  • 정갑수;박청규
    • 유통과학연구
    • /
    • 제14권6호
    • /
    • pp.75-80
    • /
    • 2016
  • Purpose - A growing demand for sustainability reporting has placed pressure on firms with non-financial information that affects firm valuation, growth, and development. In particular, a number of researchers have investigated various topics in Corporate Social Responsibility (CSR), non-financial information. Prior studies suggest that CSR may affect corporate outcomes like corporate reporting, financial performance, and disclosures. However, the results from prior studies are not clear whether CSR affects corporate outcomes. This is partially due to the measurement issues with CSR. In this study, we examine whether CSR affects the quality of corporate reporting, one of the popular measures in corporate outcomes. We find an evidence that CSR positively affects the quality of corporate reporting. Research design, data, and methodology - In this study, we collected a unique dataset of CSR from MSCI. Total 169 firms listed in the Korean Stock Exchange from 2011 to 2014 were collected and analysed with the detailed CSR reports. Using a correlation test, we found a weak association between CSR and the quality of corporate reporting. However, the regression tests provided a strong relationship between CSR and the quality of corporate reporting after controlling for other variables that may affect the quality of corporate reporting. Additionally, we calculated the t-statistics based on heteroskedaticity-consistent standard errors (White, 1980). Results - Before we run the regression test, we sort the measures of the two dependent variables into each rating of CSR (from AAA to CCC). The results indicate that the quality of corporate reporting measured by discretionary accruals and performance-matched discretionary accruals monotonically decrease as the CSR ratings increase. This supports our hypothesis. In the regression tests, the coefficient on MJDA (PMDA) is -0.183 (-0.173) and significant at the 5% level. We can interpret the results as CSR affecting the quality of corporate reporting in positive ways. Other coefficients on control variables are consistent with prior studies. For example, the coefficients on both LOSS and LEV are positive and significant at conventional level, meaning that firms with financial difficulty may harm their quality of corporate reporting. Conclusion - We found an evidence that CSR is positively associated with the quality of corporate reporting. This study contributes to the literature in various ways. First, this study extends the line of CSR research by providing additional evidence in the setting of ethical behaviors by managements. This is consistent with the hypothesis and supports the results of prior studies. Second, to the best of my knowledge, this is the first study using the MSCI CSR ratings. In contrast with prior studies using different measures of CSR, the MSCI CSR ratings allow us to provide in-depth analysis. Third, the additional measure of dependent variable (PMDA) allows us to improve the robustness of our results. Overall, the results provided this study to extend the findings in prior studies by providing incremental evidence.

우울, 죽음불안, 사회적 지지가 독거노인의 심리적 안녕감에 미치는 영향: 탄력성의 매개효과 (The Effects of Depression, Death Anxiety, and Social Support on Psychological Well-Being of Elderly Living Alone: Mediating Effect of Resilience)

  • 장연식;모선희
    • 한국노년학
    • /
    • 제37권3호
    • /
    • pp.527-547
    • /
    • 2017
  • 본 연구의 목적은 독거노인의 부정적 정서인 우울, 죽음불안과 함께 사회적 지지가 독거노인들이 스스로 회복할 수 있는 탄력성의 매개경로를 통해서 심리적 안녕감에 어떠한 경로의 영향력을 미치는지를 알아보기 위한 것이다. 이를 위하여 대전광역시와 충청남도에 거주중인 65세 이상의 독거노인 988명을 대상으로 설문을 실시한 후, 구조방정식모형으로 분석하였다. 분석결과 첫째, 인구학적 특성에 따른 측정변수 간 차이에서 우울은 성별, 학력, 건강상태, 경제상태에서, 죽음불안은 성별과 학력에서, 사회적 지지는 성, 연령, 학력, 지역, 건강상태와 경제상태에서, 탄력성에서는 성, 연령, 학력, 건강상태, 경제상태에서, 심리적 안녕감은 성, 학력, 건강상태, 경제상태에서 유의미한 차이를 보였다. 둘째, 독거노인의 우울과 죽음불안 및 사회적 지지 변수가 심리적 안녕감에 미치는 경로와 영향력에서 우울은 부적으로, 사회적 지지는 정적으로 직접적인 경로의 영향력이 유의하게 미치고 있으며, 죽음불안은 직접적인 영향력이 유의하게 미치지 않다는 것으로 나타났다. 셋째, 독거노인의 우울과 죽음불안 및 사회적 지지 변수가 매개변수인 탄력성에 미치는 경로와 영향력에서 우울은 부적인 관계, 사회적 지지는 정적인 관계에서 직접적인 경로의 영향력이 유의하게 미치는 것으로 나타났다. 넷째, 독거노인의 매개변수인 탄력성은 심리적 안녕감에 정적으로 유의한 영향력이 미치고 있었다. 또한 탄력성의 매개기능을 통해서 부정적 요인을 감소시키고, 긍정적 요인은 증진시켜서 심리적 안녕감을 증진시키는 것으로 나타났다. 본 연구는 독거노인의 심리적 안녕감에 영향을 미치는 변인들의 관계를 파악하는 기초자료를 제공하고 독거노인을 위한 정서지원 정책을 마련하는 근거자료로 활용될 수 있을 것이다.

기준값 변화에 따른 기업신용평가모형 성능 비교 (Comparisons of the corporate credit rating model power under various conditions)

  • 하정철;김수진
    • Journal of the Korean Data and Information Science Society
    • /
    • 제26권6호
    • /
    • pp.1207-1216
    • /
    • 2015
  • 본 연구는 기업신용평가모형 중 재무모형을 개발하는데 있어 여러 조건들의 기준값을 변화시킴에 따라 모형 성능이 어떻게 달라지는지 확인하고 자료의 특성에 맞는 조건을 제안하는데 목적이 있다. 기준값의 변화에 따른 모형의 성능은 정확도비를 기준으로 측정하고, 반복적인 절차를 간편하게 하기 위해 SAS/MACRO를 활용하였다. 재무비율을 구간에 따라 점수화한 신용평점모형과 유의한 재무비율로 로지스틱 회귀모형을 사용한 부실예측모형으로 구성되는 재무모형에서 기준값의 변화에 따른 성능 비교 결과, 부실예측모형이 신용평점모형보다 좋은 것으로 나타났다. 기업규모에 따른 특성비교에서는 재무제표의 신뢰도가 높고 비재무적인 요소에 영향을 적게 받는 대규모 기업에서 모형의 성능이 좋을 뿐만 아니라 재정학적인 의미가 뛰어난 통계모형이 만들어지는 것을 확인할 수 있었다. 규모가 작아질수록 부실예측모형과 신용평점모형의 성능 차이가 커지는 것과 이상값이 많아져서 모형의 안정성이 떨어지는 것을 알 수 있었다.

개인정보보호투자의 성과측정방안에 관한 연구 (A Study on the Measurement Method of Personal Information Protection Investment Performance)

  • 김영일;이재훈
    • 디지털융복합연구
    • /
    • 제11권1호
    • /
    • pp.99-106
    • /
    • 2013
  • 최근 기업의 개인정보 유출 사고와 관련한 금전적 손실이 점차 증가추세에 있으며 대외 이미지 손실 등의 간접적 피해도 무시 못 할 상황이 되었다. 이 같은 피해를 줄이기 위해서 개인정보보호투자에 대한 필요성이 증대되고 있다. 개인정보보호에 대한 투자가 활성화되기 위해서는 개인정보보호투자의 비용효과 분석 및 정성적 효과분석이 모두 반영된 성과측정 방법이 필요하다. 하지만 현재 국내외 개인정보보호 투자 성과측정에 관한 연구는 매우 미흡한 상황이다. 본 연구에서는 정량적 및 정성적 성과측정이 가능한 개인정보보호투자 모델을 제시하였다. 이를 위해 정보 보호투자 및 IT 투자성과측정 관련 기존 연구의 비교분석을 수행하였고, 개인정보보호 특성과 현실적용 가능성 측면을 고려하여 정량적 및 정성적 측정이 모두 가능한 WiBe 접근 방법론을 선택하였다. WiBe 방법론을 기반으로 개인정보보호 투자에 적절한 성과측정 모델과 16개의 성과측정 지표를 제시하였다. 특히, 정량적 효과측정에서 사전위협평가방법을 기반으로 기업 및 조직의 성격에 따른 개인정보보호의 투자의사 결정이 가능한 방법을 제시하였다. 포커스 그룹 인터뷰를 통한 성과 측정 지표의 검토 결과, 성과측정 지표는 실현 가능성 및 중요성 측면에서 모두 의미 있는 것으로 판명되었다.

조리교육학원의 교육환경이 교육만족도와 행동의도에 미치는 영향에 관한 연구: 교육기간 조절효과 (The Influence of the Educational Environment of the Cooking Institute on the Educational Satisfaction and the Behavior Intention: Moderating Effect of Educational Period)

  • 이승후;서정희;이종호
    • 한국조리학회지
    • /
    • 제23권7호
    • /
    • pp.194-203
    • /
    • 2017
  • The data collection and questionnaire survey were conducted from July 1, 2016, to August 30, 2016, and the final analysis was conducted with 273 copies. The collected data were analyzed using SPSS (V 23.0) and AMOS (V 21.0) programs. In order to identify the characteristics of the respondents, the frequency analysis was performed, and the reliability analysis and confirmatory factor analysis were performed for each measurement item. The conceptual reliability (CR) and standard variance extraction (AVE) values were calculated to verify the validity. Correlation analysis was conducted to measure the associations among the derived factors. For the hypothesis test, a structural equation modeling was used to test the jointness and organic causality of the whole model. In addition, an alternative model with a nested relationship with the basic model was set up to test the adjustment effect of the learner's educational environment on the educational satisfaction and behavioral intention. The purpose of the study was to examine the effect of educational environment on the educational satisfaction and behavioral intention of students at a cooking education institute in Busan. The implication of this study is that the operators of educational institutions should recognize the human factors as important means of marketing for the activation of cooking education and select instructors by applying more systematic and objective criteria when hiring instructors. Also, consideration should be given to support programs such as training programs and incentives to develop instructor's abilities. In addition, the positive educational outcomes of students may have a positive impact on financial performance, such as livelihood of other students and sales of educational institutions.

A Study on the Productivity Measurement and Effect Factors of Management Evaluation in Public Firms with a Focus on the Port Authorities

  • Eom, Ki-Yong;Ahn, Ki-Myung
    • 한국항해항만학회지
    • /
    • 제44권5호
    • /
    • pp.400-406
    • /
    • 2020
  • In this study, we first measured the malmquist productivity index by DEA among the Korean public firms. Second, there are 12 public corporations whose productivity (MPI) has decreased compared to 2014. This is mainly because of a decrease in productivity, as well as a decrease in the technical efficiency change index (TECI), impacted by the internal environment, and the increase in productivity because of an increase in the technology change index (TCI) impacted by the external environment. Finally, the analysis of the impact on the management assessment scores showed that the productivity (MPI), scale efficiency (CRS), size of sales, operating profitability, and total capital investment efficiency are significantly related (+), except for the asset turnover, which is a static financial ratio. Meanwhile, the management evaluation scores between the high-productivity public corporations and low-performing public corporations were significantly discriminating. Thus, it is confirmed that the nation's state-run companies must manage their MPIs in a time series to score high in management evaluation.

창업보육센터의 주요 서비스 요소에 대한 품질속성 분류 (Quality Attribute Classification of Service Elements in Business Incubation Center)

  • 김승현;전영록
    • 산업경영시스템학회지
    • /
    • 제37권3호
    • /
    • pp.75-81
    • /
    • 2014
  • To establish a new creative economy, the worldwide efforts have been made to wriggle out the old economic paradigm after the financial crisis of 2008. When it comes to the limitation of the viability. the start up companies have a high risk of failure. Therefore business incubator (BI) should carry out the role to improve their viability. As for the maximization of the effect on the business incubating services as move in companies, it is important for BI to increase the level of business incubating services by the systemic and scientific measurement. This study showed that the quality of the BI center services was measured by Kano analysis and the previous research as follows. First, BI quality attribute by Timko's customer satisfaction came out into the attractive qualities on the 14 items that amount to the 70% of 20 business incubating services items. It is desirable to perform the strategy for the satisfaction. Secondly, basic business incubating services were interpreted as the one-dimensional quality like incubating spaces, parking facilities, security facilities, industry technology development funds, and incubating managers. Finally, training and educational service was recognized as indifferent quality. Futhermore, the improvement and the limitation of this study as well as the interpretation of analysis results are also provided.

Determinants of Income Diversification among Rural Households in the Mekong River Delta: The Economic Transition Period

  • LE, Long Hau;LE, Tan Nghiem
    • The Journal of Asian Finance, Economics and Business
    • /
    • 제7권5호
    • /
    • pp.291-304
    • /
    • 2020
  • This paper examines the factors that drive temporal income diversification in rural areas of the Mekong River Delta in Vietnam, based on a framework that conceptualized diversification as a function of a household's capacity to diversify and incentives (both push and pull factors) to diversify. Drawing from five rounds of the Vietnam Living Standard Measurement Surveys covering a 13-year span (1993-2006), two panel datasets made from five cross-sectional samples are used for the analyses. The data are drawn from the Vietnam General Statistics Office. Both tobit model and Ordinary Least Squares model with random and fixed effects are applied. The main points emerging from the analysis is that income diversification is strongly influenced by household labor capacity. The relationship between household labor capacity and increasing insertion in non-farming wage activities is not driven by unobserved time-invariant factors such as household ability and motivation, but is instead driven by the higher labor capacity of households. In terms of the other household capacity variables, the effect of farm size is much larger in terms of retaining households in traditional occupations as compared to pushing them towards non-farm wage employment. Other variables such as household access to financial capital do not play an important role.