• Title/Summary/Keyword: Firm-size

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Determinants of Quality of Financial Information: Empirical Evidence from Cement Sector of Bangladesh

  • Rahman, Md. Musfiqur;Hasan, Md. Mehedi
    • Asian Journal of Business Environment
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    • v.9 no.1
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    • pp.13-20
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    • 2019
  • Purpose - The purpose of this paper is to find out the determinants of the quality of financial information in the financial environment of the cement companies of Bangladesh. Research design, data and methodology - This study considers a total of fifty-eight firm years as the sample from the seven listed cement companies of Bangladesh during the period of 2007 to 2015. This study applies the multivariate regression analysis including the pooled OLS, panel and controlling time. Results - This study finds that profitability and external financing are the two major explanatory variables in determining the quality of financial information. This study also finds that firm size and accrual quality don't have any significant influence on quality of financial information. Conclusion - This study observed that profitability of this sector which is much volatile and prone to be manipulated. Thus, this paper suggests that higher profitability needs more scrutiny while assessing quality of financial information. Finally, this study provides some indications for future research such as considering the listed firms of other sectors of Bangladesh or cross country comparison in different country setting.

The Effects of R&D Investment on Patent: An Empirical Analysis Using Korean Manufacturing Firm Data (기업의 연구개발투자가 특허에 미치는 영향: 한국 제조업기업을 대상으로)

  • 김태기;장선미
    • Journal of Technology Innovation
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    • v.12 no.1
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    • pp.1-24
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    • 2004
  • This paper analyses the effects of R&D investment on patent in Korean manufacturing firms during the period 1984-99. The data contains 140 companies which listed in Korea Stock Exchange(KSE). We observed that the relative shares of R&D investments and patent applications are much higher in scientific firms than in the other firms. The regression results show that R&D investment has significantly positive effects on the growth of patent application and registration. And the effects of R&D on patent turns out to be stronger in scientific firms than the other firms. The firm size and the capital intensity also have an important effect on the propensity to patent.

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The Impact of Capacity Flexibility in a Rental Operation on the Financial Performance (렌탈 운영에서 용량 유연성 확보가 기업의 수익성에 미치는 영향)

  • Kim, Eungab
    • Journal of the Korean Operations Research and Management Science Society
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    • v.39 no.4
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    • pp.153-165
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    • 2014
  • We present a new framework for rental capacity management in which rental capacity is dynamically managed by means of temporary inventory addition/return. While serving customers with its own (native) capacity, the rental firm rents additional rental capacity from an upper echelon rental company so that it can avoid lost sales which may occur when stock is not sufficient, and returns it when stock becomes sufficiently large enough to cope with demands. Formulating the model as a Markov decision process, we investigate a flexible capacity addition/return policy that maximizes the firm's profit with respect to system costs. Numerical study indicates that rental operation with capacity addition/return can be economically favorable over rental operation without capacity expansion/return and can contribute the reduction in the size of native rental capacity.

A Study on Adoption of Inter-Organizational Systems(IOS) (조직간 정보시스템(IOS)의 채택에 관한 연구)

  • Kim, Jun-U;An, Sang-Ho
    • 한국디지털정책학회:학술대회논문집
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    • 2004.05a
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    • pp.451-465
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    • 2004
  • With the progress of IT, the strategic use of information systems have been applied to the interorganizatonal business areas, that is called Interorganizational Systems (IOS). Previous IT diffusion researches or IT adoption researches have been focused to newly emerged IT but confined into one organization. However, IOS such as internet or EDI relate with between organizations. In this sense, this research has analyzed the IT diffusion factors affected by IOS based on the previous studies of IT adoption. This study designed a research model using the factors of adopting IOS, and conducted an empirical research with questionnaires with top domestic 80 firms. And the finding is that the factors of the CIO support, business partners and an industry community have significance but other factors such as the size of firm, the degree of IS maturity, the degree of firm centrality, the complexity or suitability of IOS are not.

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Determinants of Business Process Outsourcing in Human Resource Function

  • Kim, Gyeung-Min;Won, Hyun Jung
    • Journal of Information Technology Applications and Management
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    • v.15 no.3
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    • pp.111-125
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    • 2008
  • The management of organizational Human Resource is steadily shifting away from pure hierarchical to market mechanisms that involve external vendors. HR Business Process Outsourcing (BPO) has recently emerged as a significant administrative innovation in an organization's strategy. Our paper attempts to understand firm-specific factors influencing the scope of HR BPO needs. Study results show that IT maturity and firm size are influential factors on the scope of HR BPO needs. We hope that our attempt at empirically examining and predicting this emergent phenomenon will stimulate others to look at this important strategic challenge facing firms from a theoretical perspective. Such research initiatives will allow us not only to better understand this complex phenomenon, but also to drive useful management prescriptions grounded on theory-based research.

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Fashion Firm's Utilization of Fashion Information (패션기업의 패션정보 활용)

  • Jung, Song-Heang
    • Fashion & Textile Research Journal
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    • v.6 no.6
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    • pp.699-706
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    • 2004
  • In today's fashion industry, directions for new products and high value added of fashion goods, product changes according to cycles, the shortening of life cycles, added value, planned obsolescence, and presentation is focused on fashion trends that will be selected by many consumers at the point of selling time. Therefore fashion information poses great importance and its weight is growing bigger everyday. Fashion information recognized to be important is reflected practically in the prediction of fashion changes in the fashion industry; especially, it is the first stage of the merchandising process that is the course of new product development. Presently, with some differences according to the size and specialized area of a firm, domestic fashion menufacturers obtain information from sales data of competing brands and their own, market information, consumer information based on primary data, shared fashion trend information given by domestic fashion information providing companies. Firms can not produce differentiated images and product concepts using such shared information. Although the types, importance and reflection of used information vary according to merchandising processes, all experts engaging in the merchandising of fashion products use the same shared information.

Determinants of Technological Innovation and Spillover Effects: Using Count Data Model (국내 제조업 기업의 기술혁신 요인 및 기술파급효과 분석: 가산자료 모형을 이용하여)

  • Jang, Jeong-In;Yu, Seung-Hun;Gwak, Seung-Jun
    • Journal of Technology Innovation
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    • v.14 no.3
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    • pp.23-42
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    • 2006
  • This study investigates the determinants of output of a manufacturing firm's innovative activity (the number of patent applications) and spillover effects using a count data model. This paper attempted a negative binomial distribution In order to take into account unobserved heterogeneity. The results of our study suggested that Firm size, R&D intensity, technical network activity, and online business performance have significantly positive effects in the Korean manufacturing industry. Moreover, there are significantly positive spillover effects in the same industry sector.

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The Determinants of Future Bank Stock Returns in Eight Asian Countries

  • An, Jiyoun;Na, Sung-O
    • East Asian Economic Review
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    • v.18 no.3
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    • pp.253-276
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    • 2014
  • We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock returns during normal times. However, during the Global Financial Crisis period, different variables such as local market beta, illiquidity risk, equity ratio, and off-balance sheets ratio were statistically significant. Thus, researchers and policy practitioners should monitor these variables during normal times as well as during times of crisis.

A Study on Adoption of Inter-Organizational Systems (IOS) (기업의 조직간 정보시스템(IOS)의 도입에 관한 연구)

  • Kim, Jun-Woo;An, Sang-Ho
    • Journal of Information Technology Applications and Management
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    • v.12 no.2
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    • pp.63-77
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    • 2005
  • With the progress of IT, the strategic use of information systems (IS) has been applied to the inter-organization business areas, that is called Inter-organization Systems (IOS). Previous IT diffusion researches or IT adoption researches have been focused to newly emerged IT but confined into individual organization. However, IOS such as internet relates with between organizations. In this sense, this research has analysed the IT diffusion factors affected by IOS based on the previous studies of IT adoption. This study employed a research model using the factors of adopting IOS in organization, and conducted an empirical research with questionaries with top domestic 80 firms. And the finding is that the factors of the CIO support, business partners and an industry community have significance but other factors such as the size of firm, the degree of IS maturity, the degree of firm centrality, the complexity or suitability of IOS does not.

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Exploring the Association between Board Structure and Information Security Breaches

  • Hsu, Carol;Wang, Tawei
    • Asia pacific journal of information systems
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    • v.24 no.4
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    • pp.531-557
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    • 2014
  • Although the area of information security planning and management has gained an increased attention, not much discussion was available on the role and the impact of the board members towards a firm's security management and governance decisions. In this research, we draw on corporate governance and the organizational demography literature to conduct an exploratory empirical study on the association between the board structure of a firm and the possibility of information security breaches. Our results show that the board size, the average age/tenure and the heterogeneity of age could reduce the possibility of security breaches while the proportion of independent directors and the heterogeneity of tenure could increase it. Our findings shed lights on the important role played by the board when managing information security risks in organizations.