• Title/Summary/Keyword: Governance Quality

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Internal Factors Influencing Firm Profitability in the COVID-19 Pandemic: An Empirical Evidence from Vietnam

  • HUYEN, Le Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.81-88
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    • 2022
  • For each country, the growth of the country is significantly associated with the growth of the manufacturing industry. Especially in the early stages of development, the manufacturing industry has greatly played a great role in creating great added value for society and economic development in that country. Starting from a country with a weak manufacturing background, Vietnam is gradually opening up and integrating into the global economy, which has brought many opportunities for manufacturing enterprises in particular and the enterprise community in general, making Vietnam one of the countries with large production activities in Southeast Asia and Asia. The study evaluates the factors affecting the financial performance of manufacturing enterprises through a case study in Hanoi, Vietnam. Using a survey sample of 235 enterprises operating in production and using quantitative analysis methods, the research results show that: Enterprises with high governance quality are enterprises with high economic efficiency or enterprises with low management capacity have low business efficiency. Moreover, large-scale enterprises often have many advantages in seeking profits and improving business efficiency. Finally, the study has some recommendations to improve corporate governance and growth, create a stronger business community and contribute more to Vietnam's economic development.

A network approach to local water management for building collaborative water governance: the case of Jeju special self-governing province (지방자치단체의 협력적 물 거버넌스 구축을 위한 네트워크 분석: 제주특별자치도의 물관리 사례를 중심으로)

  • Kim, Boram;Yang, Wonseok;Ahn, Jongho
    • Journal of Korea Water Resources Association
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    • v.53 no.9
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    • pp.671-680
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    • 2020
  • This study aims to explore structural properties and central actors of the local water policy system through a network approach, and to suggest practical implications for establishing collaborative water governance at the local level. Especially, this study conducts a social network analysis to empirically analyze the actors' roles and relationships of water management in Jeju Special Self-Governing Province and represent them with sociograms. In this study, the local water management network is divided into two dimensions: official work network, public-private policy network based on information-sharing and consultation. Also, the networks are divided into a whole network and two sectoral networks(water-use/water-quality). This study found some meaningful differences of structural properties and central actors not only in the official work networks and the policy networks but also in the water-use networks and the water-quality networks. Thus, public managers should diagnose and manage the relational properties among multiple stakeholders in local water sector through a network perspective. In particular, (1)co-operation between the administrative departments responsible for water-use and water-quality, and (2)information-sharing and consultation among public and private stakeholders should be improved to establish collaborative local water governance.

A Development of The IT Audit-Based Application Framework for University IT Governance (대학정보화 거버넌스를 위한 감리기반 응용프레임워크 개발)

  • Choi, Jae Jun;Kim, Chi su
    • KIPS Transactions on Software and Data Engineering
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    • v.8 no.5
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    • pp.179-186
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    • 2019
  • Information system audit, which provides effective diagnosis and inspection of IT governance, is applied to all aspects from planning to development and operation. However, there is a difficulty in carrying out the audit because the system for the specialized university IT project is not developed. Therefore, it is necessary to set the internal system as the audit-based application framework in order to apply it to university IT governance. In this paper, we propose a audit-based application framework of university information system developed for university. The framework has a difference from the existing audit system. By using this framework, it is possible to present a standard for the university IT project and easily approach and use it in the field. And it can be used for direct audit through this framework in the level of the auditor as well as the HQ admin. The framework categorizes the audit into three major dimensions and suggests a method that can be applied to the university information system audit through the UAFP(University Audit Framework Process) and quality assurance.

A Design on Security Governance Framework for Industry Convergence Environment (산업융합환경을 위한 보안 거버넌스 프레임워크 설계)

  • Lee, Hyojik;Na, Onechul;Sung, Soyoung;Chang, Hangbae
    • Journal of the Korea Convergence Society
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    • v.6 no.4
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    • pp.33-40
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    • 2015
  • According to arriving convergence environment which can create new value-added converged between industry and ICT technology, It has made economic growth and improve the quality of life. However this convergence environment provide not only advantage but also various security problems resulting from generating converged security threats. For resolving this security problem, we need to approach to security problem in the integrated view not the fragmentary view which cover only technical approach. So This study developed security governance framework which can manage trustful security governance in multidimensional view which cover strategy, managerial/operational and technical view. Therefore this framework can construct trustful security management system which can help top management team to engage in security management directly and organizational member to perform security activities and have responsibility for themselves as suggesting single standard for security management.

Enhancement of Korea medical delivery system : Two policy proposals and healthcare policy making governance (의료전달체계 정립을 위한 두 가지 정책 제안과 보건의료정책 거버넌스에 관한 연구)

  • O, Dongil
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.17 no.4
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    • pp.340-350
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    • 2016
  • The Medical Service Act of Korea describes a clinic as providing services primarily to outpatients, while a large general hospital provides specialized medical services requiring a high level of expertise for treating serious diseases. The portion of medical revenue for clinics has been decreasing gradually compared with large hospitals. This article proposes two fundamental medical policies to fix the distorted medical delivery system of Korea. Firstly, uniform additional medical remuneration rates based on the type of medial institution should be divided into outpatient additional rates and inpatient additional rates. Secondly, to normalize the function of clinics and large general hospitals, an outpatient medical target budget system should be introduced. Finally, to properly implement the proposal, it is important to establish healthcare policy-making governance. The success of policy implementation strongly depends on the participation and incentives of the government, suppliers, and patients. Healthcare policy-making governance must be designed to encompass this fact and improve quality of care.

A Development of The Staged Framework for University IT Governance (대학정보화 거버넌스를 위한 계단형 프레임워크 개발)

  • Choi, Jae Jun;Kim, Chi Su
    • KIPS Transactions on Software and Data Engineering
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    • v.8 no.8
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    • pp.323-330
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    • 2019
  • In order to improve the level of the IT organization, CMMi played a lot of roles in improving the IT efficiency and quality step by step. In a university organization if you use a customized IT governance framework for the concept of CMMi, it will be a university IT governance to realize the vision of the university. In this paper, we propose Staged Framework for the university developed for applying to university with reference to this staged model of CMMi. The university has applied its own process step by step and it can be uses in the university field. So it can be applied to university IT plan and budget in compliance with not only the person in charge of IT service center but the person in charge of university headquarters. The staged framework is classified into the maturity and process of university IT project and suggests ways to apply it to the improvement of university IT system levels.

A Normative Approach to Data Democracy (데이터 민주주의(data democracy)에 대한 규범적 접근)

  • Heejin Park;Ji Sung Kim
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.34 no.2
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    • pp.137-158
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    • 2023
  • In the modern digitized data society, there is a growing emphasis on securing trustworthiness and fairness in data utilization, along with data openness. By defining the concept of data democracy from various perspectives and presenting elements of normative values, this study aims to provide a basic conceptual framework to identify and evaluate the data governance system and levels of data democracy. As a foundation for the discussion of data democracy, based on Kneuer's (2016) conceptualization of e-democracy, free and equitable access, e-participation, and e-government were introduced as core dimensions of e-democracy. To improve the quality of data governance and foster a better understanding and practical application of the concept of data democracy, this study takes a normative approach from the perspective of democracy. Inclusiveness, equity, participation, and democratic sovereignty are provided as core dimensions of data democracy. This study highlights the significance of data literacy in promoting data democracy. It proposes the creation and assessment of a curriculum rooted in the normative principles of data democracy within the field of library and information science for future investigation.

A Case Study on Operating Situations of Environment-friendly School Food Service Center managed directly by Local Government (지자체 직영형 친환경 학교급식지원센터의 운영실태에 관한 사례연구 -홍성군 학교급식지원센터를 중심으로-)

  • Kim, O-Youl;Kim, Ho
    • Korean Journal of Organic Agriculture
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    • v.24 no.1
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    • pp.45-59
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    • 2016
  • The Hongseong-Gun school food service center (Hongseong SFSC) that is managed directly by local government is supplying local environmentally friendly foods from 2014. This study aimed to analyze a case on Hongseong SFSC and to propose improving directions. Hongseong SFSC showed higher supply ratio (67.4%) of local environmentally friendly foods compared to the other centers. The operation effects of this center are reliably price of farmer's products, increased consumption of local agri-products, school food confidence, and so on. But there are many problems on this operation. Improvement directions of SFSC for local food system are as follows: Firstly, the supply range of foodstuffs is needed to establish quality standards to increase foodstuffs quality. Secondly, guidelines for creating a fair commission fee structure should be established. Thirdly, the contract issues between the center and schools need to be resolved by governance system. Fourthly, local environmentally friendly agricultural cultivation and cropping systems are required to establish reliably supply of farmer's products.

The Extent of Intellectual Capital Disclosure and Corporate Governance Mechanism to Increase Market Value

  • SOLIKHAH, Badingatus;WAHYUDIN, Agus;RAHMAYANTI, Anggraeni Anisa Wara
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.119-128
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    • 2020
  • The aim of this paper is to investigate the level of intellectual capital disclosure (ICD) in commercial banks listed on the Indonesian Stock Exchange. This paper also observed the effects of ICD and corporate governance mechanism on market value. This study uses content analysis techniques to measure ICD. The paper provides a novel approach to measure the ICD quality in developing countries using a four-numerical coding system. Secondary data were obtained from the financial statements and annual reports of the banks for the period 2011-2014. The data from 31 banks were analyzed using ordinary least square regression. The study reports that the quality of intellectual capital disclosure in Indonesian commercial banks increase steadily. Narrative disclosure dominates the report of intellectual capital in Indonesian banks. The results indicate that the size of audit committee, frequency of audit committee meeting, and intellectual capital disclosure affect positively the market value. Overall, the results indicate intellectual capital disclosure is associated with the market capitalization; these findings indicate that the ICD is a consideration in a stock investment decision. While regulations in Indonesia regarding intellectual capital reporting are not conclusive yet, the information needs of stakeholders have encouraged companies to expand voluntary disclosure.

The Impact of Audit Characteristics on Firm Performance: An Empirical Study from an Emerging Economy

  • Rahman, Md. Musfiqur;Meah, Mohammad Rajon;Chaudhory, Nasir Uddin
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.59-69
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    • 2019
  • The auditor, an important instrument of corporate governance, ensures the transparency and accountability of the firm to the stakeholders. The objective of this paper is to explore the impact of audit characteristics on firm performance. In this study, external audit quality (BIG4), frequencies of audit committee meetings, and audit committee size are used as the proxies of audit characteristics and firm performance is measured through ROA, profit margin and EPS. A total of 503 firm years are considered as sample size from the listed manufacturing firms of Dhaka Stock Exchange (DSE) during the period of 2013 to 2017 to find out the impact of audit characteristics on firm performance. In this study, multivariate regression analysis is conducted using the pooled OLS method. Moreover, time dummy and lag model of multivariate analysis are also analyzed as robust check. The multivariate regression results find that external audit quality (BIG4) and audit committee size are significantly positively associated with firm performance. This study also finds that there is a significant negative relationship between audit committee meeting and firm performance. This study recommends that the regulatory authority and audit committee should review the frequencies of audit committee meeting to make it more effective to ensure better firm performance.