• Title/Summary/Keyword: Governance Quality

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The Impact of Local Government's Expenditure on Air Quality in Korea (지방정부의 대기환경예산 지출이 대기오염 정도에 미치는 영향)

  • Kwon, Hye Yeon;Jung, Chang Hoon;Kim, Yong Pyo
    • Journal of Korean Society for Atmospheric Environment
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    • v.32 no.6
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    • pp.583-592
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    • 2016
  • In this study, we attempt to provide empirical evidence for the effect of the expenditure of the local governments on the air quality management. Based on the statistical data, the concentrations of air pollutants including $PM_{10}$, $O_3$, and $NO_2$ were analyzed in accordance with local characteristics of the local governments' environmental expenditure, demographic characteristics, and economic and human resources between 2008 and 2014. The results showed that government spending is estimated to have insignificant impact on air pollutants concentration. All these results are consistently corroborated from the analysis based on different alternative measure of local governments' expenditure (budget composition and measure of expenditure residuals). Subsequently, this study implies that environmental expenditures of local governments have not been effectively enforced to enhance the air quality of the region in Korea.

Economic Growth, Total Factor Productivity, and Institution Quality in Low-Middle Income Countries in Asia

  • NGO, Minh Ngoc;NGUYEN, Loc Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.251-260
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    • 2020
  • The purpose of this paper is to investigate the impact of total factor productivity (TFP), institutional quality, and interactive variable between them on economic growth in 13 low-middle income countries in Asia for the period 2000-2018. The paper uses the difference Generalized Method of Moments (GMM) to explore the dataset provided by the World Bank. The empirical results show that TFP and the interactive variable positively impact on the economic growth, while the institutional determinants have a negative influence. The negative effect is explained by the weak institutions in these low-middle income countries. The findings of the study suggest two points. First, the government should continue to improve TFP, which is associated with the application of technical advances, technological innovations, improvement of management methods, and skilled workers. Second, far more important, is that the authorities should pay special attention to implement institutional reform and strengthen the governance in the future. The successful experiences from Japan, Korea and Singapore will help other governments in Asian low-middle income countries to build developmental state. Probably, the developmental state actively interfere in the market to promote and realize the development goals. By doing so, these economies might overcome the so-called "middle-income trap".

Correlation Analysis of Atmospheric Pollutants and Meteorological Factors Based on Environmental Big Data

  • Chao, Chen;Min, Byung-Won
    • International Journal of Contents
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    • v.18 no.1
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    • pp.17-26
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    • 2022
  • With the acceleration of urbanization and industrialization, air pollution has become increasingly serious, and the pollution control situation is not optimistic. Climate change has become a major global challenge faced by mankind. To actively respond to climate change, China has proposed carbon peak and carbon neutral goals. However, atmospheric pollutants and meteorological factors that affect air quality are complex and changeable, and the complex relationship and correlation between them must be further clarified. This paper uses China's 2013-2018 high-resolution air pollution reanalysis open data set, as well as statistical methods of the Pearson Correlation Coefficient (PCC) to calculate and visualize the design and analysis of environmental monitoring big data, which is intuitive and it quickly demonstrated the correlation between pollutants and meteorological factors in the temporal and spatial sequence, and provided convenience for environmental management departments to use air quality routine monitoring data to enable dynamic decision-making, and promote global climate governance. The experimental results show that, apart from ozone, which is negatively correlated, the other pollutants are positively correlated; meteorological factors have a greater impact on pollutants, temperature and pollutants are negatively correlated, air pressure is positively correlated, and the correlation between humidity is insignificant. The wind speed has a significant negative correlation with the six pollutants, which has a greater impact on the diffusion of pollutants.

Assessment of the Quality of Non-Financial Information Disclosure: Empirical Evidence from Listed Companies in Vietnam

  • LE, Binh Thi Hai;NGUYEN, Nhat Quoc;NGUYEN, Cong Van
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.111-118
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    • 2022
  • The purpose of this research is to evaluate the quality of non-financial information disclosure by companies listed on the Vietnamese stock exchange. In 2019, 140 annual reports from 140 companies listed on the Vietnam Stock Exchange were included in the research sample. The remaining 134 reports were eligible study after removing those that lacked essential data. Using the statistical software SPSS version 25 and Excel office software, the study has selected the data processing method and the disproportionate disclosure index method to evaluate the quality of non-financial information disclosure of companies. The findings of the study demonstrate that companies listed on the Vietnam stock exchange are particularly interested in giving non-financial information to financial statement consumers as required by law, although the level of disclosure is still inadequate. The findings also illustrate the varying levels of non-financial information disclosure by category of information, as well as substantial disparities between them (general information about the company, environmental and social information, corporate governance information, etc.). The findings of the study show that the majority of Vietnam's publicly traded enterprises are less interested in reporting environmental information.

The Effect of the Characteristics of an Audit Committee on the Association between Audit Market Concentration and Audit Quality (감사위원회의 특성이 감사시장의 집중도와 감사품질 사이의 관계에 미치는 영향)

  • Song, Bomi
    • The Journal of the Korea Contents Association
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    • v.20 no.1
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    • pp.427-436
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    • 2020
  • Prior literature shows that audit market concentration which is measured as the Herfindahl index is negatively associated with audit quality in Korea. This study analyzes whether characteristics of an audit committee have effect on the relation between audit market concentration and audit quality. This is because it is expected that effective audit committees restrict the tendency of dominant auditors to neglect their duties. The empirical results of this study using the sample firms having an audit committee listed in the Korea Composite Stock Price Index market for 2006-2015 are summarized as follows. First, consistent with prior research, audit quality decreases as audit market concentration increases. However, audit quality is not lowered as audit market concentration rises only when the audit committee has financial expertise among representative characteristics of an audit committee - independence, financial expertise, and activity. This research finds contributions in that it explores the effect of audit committee characteristics on audit quality in consideration of audit market concentration and utilizes the differential types of the characteristics of an audit committee at the same time.

The Effect of Management Capabilities in Implementing Good Corporate Governance: A Study from Indonesia Banking Sector

  • NAPITUPULU, Sotarduga;PRIMIANA, Ina;NIDAR, Sulaeman R.;EFFENDY, Nury;PUSPITASARI, Devy Mawarnie
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.159-165
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    • 2020
  • The study attempts to examine the effect of the capabilities of banking companies, namely the dynamic and unique capabilities, on the implementation of GCG in Indonesia. The effect of organization capabilities on the implementation of GCG is essential since both of them can demonstrate the quality of the company's ability to compete and innovate. This study will also examine the influence of moderating variables, namely the fit and proper test. The methodology used in this study is the structural equation methods and using primary data with board of directors of commercial bank in Indonesia. The test results suggest the positive direct effect of unique capabilities on GCG. The findings show that the capabilities of the top management, both unique and dynamic capabilities, influence the implementation of GCG. Then, the variable of fit and proper test can also strengthen the relationship between them. Both unique capabilities and fit and proper test have a strong and positive impact on GCG. Meanwhile, dynamic capabilities have a negative impact on GCG even though it's not significant and contradictive with earlier studies. In the context of the banking industry growth and sustainability, this matter is important to examine. Top management behavior in operating their organization is important to be investigated.

A Study on the Change of Spatial Structures of Shared Space at Urban Campuses - The opposite concept of Gridlock upon the change to shared campuses - (도심 캠퍼스 공유공간의 공간 구조 변화에 대한 연구 - 그리드락의 반대 개념으로서의 공유 캠퍼스로의 변화에 대하여 -)

  • Kang, Eunki;Baek, Jin
    • Journal of the Architectural Institute of Korea Planning & Design
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    • v.34 no.11
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    • pp.145-156
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    • 2018
  • Urban campus, one of the main urban facilities, is the representative place that is struggling with 'gridlock'. Due to privatization of space among different departments and space shortages, gridlock has been occurring as a result. The urban campus trying to solve this problem by changing the quality of space, especially the structure of the shared space, which is expected to be the solution to the grid lock problem. The main purpose of this study is to investigate the structural change in the university's shared space based on paradigm transition. The theoretical consideration is to analyze the spatial characteristics of university shared space that appear at different stages through a new perspective that compares the gridlock phenomenon and the shared paradigm. The framework of the analysis of the shared space, which has recently been restructured, is classified into the spatial characteristics of collaborative space, the creative space, and the common/complex space. In addition, these spatial characteristics are again analyzed through the division of legislative facility classification, management governance subject, area, building location and layout, exposure to the outside as well as the analysis of student and staff entry and exit, sharing structure of site and space, and the classification of program characteristics. The results are as follows: The restructured space is systemized so that the management governance of each space would be connected to each other to share information and space. Furthermore, the spatial boundary between colleges or between campus spaces are not only physically, but categorically clear. The restructured space has semi (or in-between)-spatial characteristics such as the intersection in inside and outside of the pedestrian's circulation and the mixture of programs. This study could serve as principal references in presenting the systematic analysis of directions of the shared spatial structure for the urban campus where new educational space is required due to the changes in the university system.

ESG Strategy Analysis of Korea Fashion Companies (국내 패션기업의 ESG 전략 분석)

  • Shin-Hyun Cho;Hye-Jung Seok
    • Journal of the Korea Fashion and Costume Design Association
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    • v.25 no.2
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    • pp.45-59
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    • 2023
  • This study aims to find implications for the introduction and practice of ESG by domestic fashion companies by examining the core ESG topics and strategies of Samsung C&T Fashion Division, Kolon FnC, F&F holdings, and Fila. ESG management analysis examined the importance of the criticality evaluation process, critical issues, and implementation strategies for each key topic based on the company's 2021 ESG sustainable management report, and analyzed the relationship with UN SDGs and the GRI. The analysis results are as follows: As for KCGS' ESG rating, Samsung C&T's fashion division, Kolon FnC, and Fila Holdings were rated A, while F&F Holdings was rated B+. The major issues derived from ESG's criticality assessment are environmental issues related to Samsung C&T's fashion division. Kolon FnC was found to have focused on the social sector and F&F Holdings focused on governance structure. After examining the correlation between the ESG core strategies of the investigated fashion companies and the 17 SDGs, the common areas were identified as quality employment, sustainable production and consumption, and climate changes and response. Correlation with the GRI Standards 2021 Index, (GRI 1, GRI 11, and GRI 12 created in 2021) was not reflected. In the future, it will be necessary to have a transparent governance structure that meets global standards, sets measurable goals, and continuously manages them. Other companies should also recognize ESG management processes that embrace various stakeholders and strengthens win-win cooperation to manage risks, and establish mid- to long-term response strategies.

Characteristics and Implications of Marseille's Euromméditerranée as an Integrated Urban Regeneration Project (통합형 도시재생사업으로서 마르세유 유로메디테라네의 특성과 시사점)

  • Wonseok Park
    • Land and Housing Review
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    • v.15 no.1
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    • pp.99-115
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    • 2024
  • This study aims to investigate Marseille's Euromméditerranée project and provide policy implications for revitalizing domestic urban regeneration projects. First, we identify Euroméditerranée as a pivotal urban regeneration effort, executed by EPAEM-an organization fostering governance-driven project advancement through collaboration and investment from both central and local governments. This endeavor has significantly contributed to revitalizing Marseille, enriching the quality of life for its residents. Second, this urban regeneration project has the following notable features: consolidated approach with combination of full redevelopment and rehabilitation, integrated regeneration covering hardware-like physical regeneration and software-like economic, cultural, and environmental regeneration; government-type urban regeneration project structure. Finally, we suggest that policymakers should consider the economic scale in urban regeneration projects, national-level government organizations, and efficient public-private partnerships.

An Empirical Study on the Effects of SMEs Competition, ESG Management Activities and Organizational Justice on Job Satisfaction : Focusing on Mediating Effects of Self-efficacy (중소기업의 경쟁력, ESG 경영 활동 및 조직공정성이 직무만족에 미치는 영향에 관한 실증 연구 : 자기효능감의 매개효과를 중심으로)

  • Jun, Se-hoon
    • Journal of Venture Innovation
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    • v.6 no.4
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    • pp.41-62
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    • 2023
  • Given that SME workers are the driving force of national competitiveness and the basis and cornerstone of the industry, it is meaningful to study workers' job satisfaction and the factors that affect job satisfaction. In addition to variables related to corporate competitiveness and organizational justice, this study introduced variables such as environmental(E) activities, social(S) activities, and governance(G) activities, which th national government uses as major management evaluation indicators. Therefore, a literature study and empirical analysis were conducted on how self-efficacy affects job satisfaction when workers are faced with a changed work environment. To conduct this study, 300 copies of data were collected from workers in small and medium-sized enterprises and used for analysis. For data analysis, the SPSS statistical program (Ver. 25.0) was used. The study finds, first, that product or service quality and employee competency among corporate competitiveness had a significant positive(+) effect on job satisfaction. Secondly, among ESG management activities, social(S) activities and governance(G) activities were found to have a significant positive(+) effect on job satisfaction. Third, among organizational justice, distribution justice and procedural justice were found to have a positive(+) effect on job satisfaction. Fourth, self-efficacy was found to mediate the effect of product or service quality, employee competency, social(S) and governance(G) activities among ESG management activities, and procedural justice among organizational justice on job satisfaction. The academic value of this study is that it empirically analyzed the factors that ESG management activities affect workers' jobs,. As a result, it was confirmed that workers were satisfied with their jobs by actively showing interest in social(S) activities and governance(G) activities among ESG management activities and participating in corporate management. In addition, workers sensitive to changes in the external environment can become satisfied with their jobs through self-efficacy when SMEs actively enhance corporate competitiveness, execute ESG management activities, and provide a fair organizational culture. Finally, this study suggests that there's a possibility of improving the competitiveness of SMEs through a virtuous cycle created by a change in perception of job conversion and a decrease in turnover.