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A Method of Utilizing ESG Evaluation by Small and Medium Enterprises: Focusing on the relationship between ESG Performance measure and Corporate Value (중소기업의 ESG 평가지표 활용 방안: ESG 평가지표와 기업가치의 관계를 중심으로)

  • Park Jae Hyun;Han Hyang Won
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.18 no.6
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    • pp.87-104
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    • 2023
  • Recently, concerns are growing over small and medium-sized companies holding out on debt as domestic loan interest rates have risen sharply due to the prolonged impact of COVID-19 and soaring raw material prices. In addition, loans from small and medium-sized enterprises, which are difficult in the business environment, are increasingly being rejected due to high loan interest rates and excessive submission documents and financial statements-oriented screening of loans by the financial sector. Therefore, since it is necessary to discuss ways to promote financing and investment by SMEs, this study intends to suggest ways to promote investment through the use of SMEs' ESG systems. The purpose of this study is to suggest that the use of ESG evaluation indicators used as non-financial indicators helps predict the corporate value of SMEs and the importance of SMEs actively participating in ESG information disclosure. This study suggests the necessity of introducing and practicing ESG by SMEs where financing is important, and aims to analyze as an empirical result that the use of non-financial indicators helps predict corporate value. As a result of the study, the ESG performance and corporate value of SMEs showed a positive (+) relationship. It can be seen that both the grades and corporate value of SMEs by ESG sector have a positive (+) influence relationship. The total ESG rating was confirmed to have a positive effect on corporate value, and it was confirmed that SMEs with higher ESG environment, social, and governance ratings were evaluated higher. According to the research results, it is suggested that SMEs also need to use ESG evaluation indicators, and in order to promote the growth of SMEs, it is suggested that research on ways to re-examine the corporate value of SMEs is necessary. Therefore, this study suggests that the use of ESG should be actively recommended and implemented as a way to establish a management strategy for SMEs, and that efforts to disclose ESG information can soon help SMEs solve information asymmetry. In addition, SMEs want to understand the investment mechanism that the introduction and practice of ESG can lead to the improvement of the value of SMEs and suggest the necessity of SME-type ESG policies in the future.

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A study of adolescent smoking and drinking in Korea (청소년들의 흡연 및 음주 실태)

  • Yu, Byung Keun;Oh, Yeon Joung;Lee, Jin Chul;Lee, Kee-Hyoung;Min, Jung Hye;Park, Sang Hee
    • Clinical and Experimental Pediatrics
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    • v.52 no.4
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    • pp.422-428
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    • 2009
  • Purpose : Adolescence is a period of growth and development in body structure and physiologic, psychologic, and social functioning. Smoking and drinking in this period are very harmful and may lead to other forms of substance abuse. We surveyed the actual aspects of smoking and drinking among Korean adolescents and analyzed associated factors. Methods : A survey was performed among adolescents using a questionnaire about smoking and drinking. Data were collected from students who visited pediatric clinics for routine school examinations from July to November 2007. Results : A total of 2,546 adolescents (smoking 1,512; drinking 1,034) participated in the study. The overall smoking and drinking rates were 29.2% and 48.2%, respectively, and the mean age at the first instance of smoking and drinking was 13.8 and 14.1 years, respectively. Among drinking adolescents, 30.1% were offered a drink by their parents, although most adolescents were encouraged to smoke or drink by their friends. Dissatisfaction with family and school life, economic status, and school performance was associated with a higher smoking and drinking rate (P<0.001). Broken families were associated with a high rate of smoking, but peer satisfaction was not related to smoking or drinking. The frequency and amount of smoking and drinking in adolescents were as high as those in adults. Social sanctions seemed insufficient to keep adolescents from smoking and drinking. Conclusion : Adolescent smoking and drinking are highly influenced by family and school environments, so more active social sanctions are required, including parental involvement and legislation preventing adolescents from smoking and drinking.

Availability of Silicate Fertilizer and its Effect on Soil pH in Upland Soils (밭토양에 처리된 규산질 비료의 유효화와 토양반응 교정효과)

  • Cho, Hyun-Jong;Choi, Hee-Youl;Lee, Yong-Woo;Lee, Yoon-Jung;Chung, Jong-Bae
    • Korean Journal of Environmental Agriculture
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    • v.23 no.2
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    • pp.104-110
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    • 2004
  • Although silicon (Si) has been Down to be an essential element fer rice growth, the optimum soil level of Si for upland crops remains unestablished. This study was conducted to estimate the availability of Si fertilizer in upland soils, and also effect of the Si fertilizer on soil pH was examined. Different application rates of Si fertilizer were tested using faur soils of different available Si levels and pHs in a series of laboratory incubation study. The treatments included Si fertilizer levels of 100, 200, and 300 kg/10a. Also to examine the effects of compost and lime on the availability of Si fertilizer in upland soil, treatment of silicate fertilizer 200 kg/10a + compost 1,000 kg/10a and lime alone treatment were included. Changes of Si availability in the soils during the incubation period were measured by 1 N NaOAc extraction procedure. Availability of Si fertilizer was different among the tested soils, and about $9.1{\sim}19.2%$ of the applied Si fertilizer was extracted after 60 days laboratory incubation. Application rate could not influence the availability of Si fertilizer. Application of compost with Si fertilizer could not increase Si availability in upland soils, but lime treatment could increase Si availability. Soil pH increased by application of Si fertilizer, but the effect of Si fertilizer on soil pH was minimal. When Si fertilizer is applied on the purpose of Si nutrition in acid upland soils, lime treatment should be coupled with the Si fertilizer for remediation of soil acidity.

Effect of Supplemental Corn Dried Distillers Grains with Solubles Fed to Beef Steers Grazing Native Rangeland during the Forage Dormant Season

  • Murillo, M.;Herrera, E.;Ruiz, O.;Reyes, O.;Carrete, F.O.;Gutierrez, H.
    • Asian-Australasian Journal of Animal Sciences
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    • v.29 no.5
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    • pp.666-673
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    • 2016
  • Two experiments were conducted to evaluate the effects of the level of corn dry distillers grains with solubles (CDDGS) supplementation on growing performance, blood metabolites, digestion characteristics and ruminal fermentation patterns in steers grazing dormant forage. In Exp. 1, of growth performance, 120 steers ($204{\pm}5kg$ initial body weight [BW]) were distributed randomly into 3 groups (each of 40 steers), which were provided with the following levels of CDDGS supplement: 0%, 0.25%, or 0.50% BW. All groups of steers were grazed for 30 days in each of 3 grazing periods (March, April, and May). Approximately 1,000 ha of the land was divided with electric fencing into 3 equally sized pastures (333 ha in size). Blood samples were collected monthly from 20 steers in each grazing group for analysis of glucose (G), urea-nitrogen (UN) and non-esterified fatty acids. Final BW, average daily gain (ADG) and supplement conversion (CDDGS-C) increased with increasing levels of CDDGS supplementation (p<0.05).The CDDGS supplementation also increased the plasma G and UN concentrations (p<0.05). In Exp. 2, of digestive metabolism, 9 ruminally cannulated steers ($BW=350{\pm}3kg$) were distributed, following a completely randomized design, into groups of three in each pasture. The ruminally cannulated steers were provided the same levels of CDDGS supplementation as in the growing performance study (0%, 0.25%, and 0.50% BW), and they grazed along with the other 40 steers throughout the grazing periods. The dry matter intake, crude protein intake, neutral detergent fiber intake (NDFI), apparent digestibility of dry matter (ADDM), crude protein (ADCP) and neutral detergent fiber (ADNDF) increased with increasing levels of CDDGS supplementation (p<0.05). The ruminal degradation rates of CP (kdCP), NDF (kdNDF) and passage rate (kp) also increased with increasing levels of CDDGS supplementation (p<0.05). Ruminal ammonia nitrogen ($NH_3$-N) and propionate concentrations also increased with increasing levels of CDDGS supplementation (p<0.05). However, acetate concentrations decreased with increasing levels of CDDGS supplementation (p<0.05). Liquid dilution rate increased with increasing levels of CDDGS supplementation but ruminal liquid volume decreased (p<0.05). On the basis of these findings, we can conclude that CDDGS supplementation enhanced the productive performance of cattle grazing native rangeland without negatively affecting forage intake, glucose and urea-nitrogen blood concentrations, ruminal degradation and ruminal fermentation patterns.

A Software Reliability Cost Model Based on the Shape Parameter of Lomax Distribution (Lomax 분포의 형상모수에 근거한 소프트웨어 신뢰성 비용모형에 관한 연구)

  • Yang, Tae-Jin
    • The Journal of Korea Institute of Information, Electronics, and Communication Technology
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    • v.9 no.2
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    • pp.171-177
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    • 2016
  • Software reliability in the software development process is an important issue. Software process improvement helps in finishing with reliable software product. Infinite failure NHPP software reliability models presented in the literature exhibit either constant, monotonic increasing or monotonic decreasing failure occurrence rates per fault. In this study, reliability software cost model considering shape parameter based on life distribution from the process of software product testing was studied. The cost comparison problem of the Lomax distribution reliability growth model that is widely used in the field of reliability presented. The software failure model was used the infinite failure non-homogeneous Poisson process model. The parameters estimation using maximum likelihood estimation was conducted. For analysis of software cost model considering shape parameter. In the process of change and large software fix this situation can scarcely avoid the occurrence of defects is reality. The conditions that meet the reliability requirements and to minimize the total cost of the optimal release time. Studies comparing emissions when analyzing the problem to help kurtosis So why Kappa efficient distribution, exponential distribution, etc. updated in terms of the case is considered as also worthwhile. In this research, software developers to identify software development cost some extent be able to help is considered.

Plumbagin from Plumbago Zeylanica L Induces Apoptosis in Human Non-small Cell Lung Cancer Cell Lines through NF-κB Inactivation

  • Xu, Tong-Peng;Shen, Hua;Liu, Ling-Xiang;Shu, Yong-Qian
    • Asian Pacific Journal of Cancer Prevention
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    • v.14 no.4
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    • pp.2325-2331
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    • 2013
  • Objective: To detect effects of plumbagin on proliferation and apoptosis in non-small cell lung cancer cell lines, and investigate the underlying mechanisms. Materials and Methods: Human non-small cell lung cancer cell lines A549, H292 and H460 were treated with various concentrations of plumbagin. Cell proliferation rates was determined using both cell counting kit-8 (CCK-8) and clonogenic assays. Apoptosis was detected by annexin V/propidium iodide double-labeled flow cytometry and TUNEL assay. The levels of reactive oxygen species (ROS) were detected by flow cytometry. Activity of NF-${\kappa}B$ was examined by electrophoretic mobility shift assay (EMSA) and luciferase reporter assay. Western blotting was used to assess the expression of both NF-${\kappa}B$ regulated apoptotic-related gene and activation of p65 and $I{\kappa}B{\kappa}$. Results: Plumbagin dose-dependently inhibited proliferation of the lung cancer cells. The IC50 values of plumbagin in A549, H292, and H460 cells were 10.3 ${\mu}mol/L$, 7.3 ${\mu}mol/L$, and 6.1 ${\mu}mol/L$ for 12 hours, respectively. The compound concentration-dependently induced apoptosis of the three cell lines. Treatment with plumbagin increased the intracellular level of ROS, and inhibited the activation of NK-${\kappa}B$. In addition to inhibition of NF-${\kappa}B$/p65 nuclear translocation, the compound also suppressed the degradation of $I{\kappa}B{\kappa}$. ROS scavenger NAC highly reversed the effect of plumbagin on apoptosis and inactivation of NK-${\kappa}B$ in H460 cell line. Treatment with plumbagin also increased the activity of caspase-9 and caspase-3, downregulated the expression of Bcl-2, upregulated the expression of Bax, Bak, and CytC. Conclusions: Plumbagin inhibits cell growth and induces apoptosis in human lung cancer cells through an NF-${\kappa}B$-regulated mitochondrial-mediated pathway, involving activation of ROS.

The Korean Development Strategy: Trajectories of the Korean Economic Development, 1961~2010 (한국의 발전 전략: 한국 경제발전 궤적(1961~2010))

  • Jung, Sung-Hoon
    • Journal of the Economic Geographical Society of Korea
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    • v.14 no.4
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    • pp.453-466
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    • 2011
  • The main aim of this paper is to explore the Korean development strategy in the context of trajectories of the economic development from 1961 to 2010. The fast and high growth in the period of 1961 and 2010 resulted from the 'export-oriented industrialization' through a combination of 'mass production-mass exports' and '(relatively) high productivity-low wages' up to the late 1980s, a mixture of 'mass production-mass exports' and '(relatively) high productivity-high wages' to the late 1990s, and a combination of the reformation of public and private sectors for overcoming the Korean financial crisis and the gradual improvement of the marketization and social safety net since 2000. With respect to this model of development, the global and national modes of regulation were established. Along with the formation of endogenous forces (as the national mode of regulation), that of exogenous forces (as the global mode of regulation) are the important rules of the game at the global level, which lead and stabilize the process of accumulation by the export-led industrialization in Korea. In this respect, the establishment of global modes of regulation is led by exogenous forces such as trade regulations, exchange rates, global-Korean industrial relations, and global regulations of loans to developing countries. On the other hand, the national modes of regulation are formed by endogenous forces such as the triangular relationship of the state, capital and labor.

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Phylogenetic relationships of genera Grifola on the basis of ITS region sequences (rDNA의 ITS 부위 염기서열 분석에 의한 잎새버섯(Grifola)속 균주의 유전적인 유연관계 분석)

  • Lee, Chan-Jung;Jhune, Chang-Sung;Cheong, Jong-Chun;Kong, Won-Sik;Suh, Jang-Sun
    • Journal of Mushroom
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    • v.10 no.2
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    • pp.93-99
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    • 2012
  • This study was carried to identify a correct species and asses genetic diversity within the same species of Grifola spp. preserved in Division of applied Microbiology. Contaminated isolates showed different growth rates, morphology and color of hyphae. We have reconstructed the phylogenetic tree of a select group of Grifola spp. using nucleotide sequences of the internal transcribed spacer region(ITS) region. The phylogenetic tree was constructed by using the neighbor-joining method. PELF primers of 20-mer were used to assess genetic diversity of preserved isolates. Sequence analysis showed that four strains were identified completely different nomenclature. According to the analysis of ITS sequences, the genus Grifola clustered into one group, most of which correlated with species-groups identified by RAPD method. Eight isolates included strain GM01 showed high similarity with Grifola frondosa. All isolates were collected in the Japan(GM01, GM02, GM03) was identified as Grifola frondosa and isolates of the China(GM05, GM06, GM08) was identified as Bjerkandera fumosa, Grifola frondosa and Dichomitus squalens, respectively. RAPD analysis of genetic polymorphisms of genus Grifola showed a very different band patterns on the isolat. As the result of RAPD and ITS region sequences analysis for preserved isolates, it seems likely that 4 isolates of Grifola spp. may be need to reclassify or eliminate from preserved catalogue.

Honeybee Toxicity by Residues on Tomato Foliage of Systemic Insecticides Applied to the Soil (침투이행성 농약의 토양처리 후 토마토잎에서의 잔류에 의한 꿀벌 독성)

  • Bae, Chul-Han;Cho, Kyung-Won;Kim, Yeon-Sik;Park, Hyun-Ju;Shin, Kwan-Seop;Park, Yeon-Ki;Lee, Kyu-Seung
    • The Korean Journal of Pesticide Science
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    • v.17 no.3
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    • pp.178-184
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    • 2013
  • Residual toxicity test to honeybee was conducted to evaluate an indirect effects on honeybee after planting hole application of systemic insecticides which were highly toxic to honeybee (Apis mellifera). In this study, It was applied three application rates in the planting hole by three systemic insecticides, dinotefuran GR, imidacloprid GR and clothianidin GR at planting time of tomato. Residual analysis of foliage was carried out after periodic sampling the foliage and investigated the effects of exposed honeybee on the tomato foliage. The honeybee mortality by dinotefuran residues on the foliage was shown almost 100% at 7 days after treatment and decreased 17 days after treatment. The maximum mortality of honeybee by imidacloprid residues on the foliage was 44 ~ 72%. But the effect of pesticide lasted for 18 days and then decreased. The honeybee mortality by clothianidin residues on the foliage was 100% at 7 days after treatment and decreased 14 days after treatment. A tendency of the honeybee mortality and residue in foliage showed a similar character as time goes by. The residues in tomato foliage decreased gradually after 14 days by vigorous growth of tomatoes and the toxic effect of honeybee was significantly decreased after 21 days in actual usage of the treatment.

Economic Injury Levels of Tetranychus urticae Koch (Acari, Tetranychidae) Infesting Eggplant in Greenhouse (시설 가지에서 점박이응애의 경제적피해수준)

  • Lim, Ju-Rak;Choi, Seon-U;Kim, Ju-Hee;Moon, Hyung-Cheol;Lee, Ki-Kwon;Kim, Dae-Hyang;Ryu, Jeong;Lee, Sang-Ku;Hwang, Chang-Yeon
    • Korean journal of applied entomology
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    • v.47 no.4
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    • pp.395-400
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    • 2008
  • Economic injury levels (EILs) and economic threshold (ET) were estimated for the two spider mite, Tetranychus urticae Koch (Acari, Tetranychidae) on greenhouse eggplants. T. urticae density increased until the mid-July and thereafter decreased in all plots where initial density of the mite were different each 0, 2, 5, 10 and 20 adults per plant was innoculated on June 7. Growth variables of were not different among experimental plots but fruit weights were lower in plots with higher initial mite density than in plots with lower initial mite density. Total number of fruits and the number of marketable fruits decreased in plots with higher initial mite density. The rates of yield loss increased with increasing initial mite density, resulting in 0, 3.9, 11.3, 14.5, 22.8% reduction in each of the above plots, respectively. The relationship between initial T. urticae densities and yield losses was well described by a linear regression, Y = 1.085X + 2.474, $R^2$ = 0.9659. Based on the relationship, the number of adults per plant which can cause 5% loss of yield was estimated to be approximately 1.8.