• 제목/요약/키워드: Law and Finance

검색결과 228건 처리시간 0.026초

A Study on Export Financing Policy for Korean SMEs - Focusing on Korea EXIM'S Bank -

  • Bae, Sang Mok;Park, Se Hun
    • 무역상무연구
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    • 제60권
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    • pp.177-194
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    • 2013
  • According to the 2013 statistics, the small/medium-sized enterprises (SMEs) accounted for 99.9% of the Korean economy with 87.8% of employment. This simple figures also indicate SMEs export extension is a key task for the national economy stimulation and job creation. The SMEs export plunge has been affected by the European financial turbulence, US financial instability, developing countries like China entering foreign markets, a weak yen, etc. EXIM Bank, in this context, will need to take a more proactive attitude to provide trade finance by, for example, reviewing the business feasibility for SMEs with a lower credit rank or investigating importers' credit status, etc. Moreover EXIM Bank provides factoring service mostly to large companies and should lower its threshold for service provision to SMEs. Finally EXIM Bank should play more than a primary forfeiting market entity. It also needs to facilitate the secondary forfeiting market.

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The Contribution of Small and Medium-Sized Enterprises in the Economic Growth of the Southeast Region of Vietnam

  • PHAM, Thanh Van;NGUYEN, Van Luan;NGUYEN, Thi Lai;PHAN, Thi Thu
    • The Journal of Asian Finance, Economics and Business
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    • 제8권9호
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    • pp.155-163
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    • 2021
  • This research was conducted to check the impact of factors related to the small and medium-sized enterprises (SME) on the economic growth in the Southeast region of Vietnam, over the years from 1996-2019. This paper applies a combination of FEM, DKSE, GMM, and RIDGE-FEM regression methods to estimate the influence of independent variables on the economic growth of the whole Southeast region with the panel data collected from GSO; and applying the OLS regression model for each province. The study finds that all variables have a statistically significant positive impact on the economic growth of the study area. Accordingly, the importance of the variables is in the following order: (1) the proportion of workers by professional and technical qualification (SMEH), (2) the number of vocational training schools (LnTSCH), and educational level of workers (LnSchool), (3) the number of SME enterprises (LnSME); (4) The average number of years in the schooling of employees in the enterprise (LnSchool); (5) Enterprise capital (LnCAP); and (6) the average number of employees of SME (LnSMER). The research results also show that factors related to the quality of labor resources have a more positive influence on growth than both the labor size and financial capital of SMEs.

Country-Level Governance Quality and Stock Market Performance of GCC Countries

  • MODUGU, Kennedy Prince;DEMPERE, Juan
    • The Journal of Asian Finance, Economics and Business
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    • 제7권8호
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    • pp.185-195
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    • 2020
  • This study examines the association between governance quality at country level and stock market performance. Specifically, the study investigates the influence of control of corruption, government effectiveness, political stability and absence of violence, rule of law, regulatory quality, and voice and accountability on all-share index of the stock markets of the six Gulf Cooperation Council (GCC) countries. This study is anchored on two theories - the Efficient Market Hypothesis (EMH) and Institutional Theory. The study employs panel data spanning from 2006 to 2017. The findings show that political stability and absence of violence and rule of law exhibit a significant positive impact on stock market performance, while regulatory quality and voice and accountability have a significant, but negative relationship with stock market performance. The results imply that quality of governance in terms of rule of law and political stability devoid of violence have strong impact on stock market returns. Similarly, improved stock market returns are largely dependent on the efficiency of the institutional environment of market as investors are always wary of the inherent risks associated with the uncertainty of the market. This study has crucial policy implications for the government of the GCC countries and stock market participants.

The Governance of Mineral and Coal in Indonesia: The Theory U Approach

  • MINDARTI, Lely Indah;SUJONO, Sujono;ZAUHAR, Soesilo;HERMAWAN, Hermawan
    • The Journal of Asian Finance, Economics and Business
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    • 제8권3호
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    • pp.1417-1425
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    • 2021
  • The purpose of this study is to map mineral and coal (Minerba) policies by analyzing the law and producing research novelty on mineral and coal governance policies in Indonesia with the Theory U approach. This study uses a qualitative research with the U theory approach. The results of the SNA analysis indicate that good mineral and coal governance must be carried out at various levels, from micro to macro. First, related to regulations on mineral and coal governance at the macro level. Regulations regarding the management of mineral and coal need to be carried out with a deeper evaluation related to the tax system, licensing system, increased value added and downstreaming and mineral and coal funds. The second is related to the regulation of mining management in the meso level. Third, related to the management of mineral and coal at the micro level, it is necessary to conduct more stringent supervision of the impacts caused by the mining sector of the Minerba. In addition, surveillance is also carried out as per law in order to avoid harmful behavior for both the company and the state. The originality of this research is the theory of U in the Mining Law research.

Technology Management and Challenges of Vietnamese Enterprises in the International Market

  • Tuan, Nguyen Anh;Thanh, Nguyen Minh;Loc, Tran Thi
    • The Journal of Asian Finance, Economics and Business
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    • 제5권1호
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    • pp.43-52
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    • 2018
  • This research aims to evaluate the current state of technology of enterprises in Vietnam in comparison with several countries in the AEC economic community, thereby to propose several recommendations to Vietnamese enterprises in order able to promote technology innovation activities, create competitiveness with enterprises in the region. Qualitative research methods are used through statistics and comparative descriptions from data collected from various sources: WEF, World Bank, CIEM, General Statistic Office. The study results show that Vietnamese enterprises still have many limitations in technology, originated from their small business scale (capital and labor), the current research capacity is still low, the funding for this activity is not high and the accessibility of the capital is still difficult. According to the Global Competitiveness Index, Vietnam's science and technology indexes are low compared to other AEC-developed countries including the availability of the latest technology; the acquisition of technology at the enterprise level; the capacity of improvement; quality of scientific research organizations..., which shall be a major barrier for Vietnamese enterprises to have to overcome to be able to create the competitiveness when entering the global market. From then on, the authors proposed solutions for two subjects, enterprises and government, to help Vietnamese enterprises to overcome this barrier.

Impact of Work Motivation on Satisfaction and Turnover of Public Universities Lecturers

  • PHAM, Chinh D.;HOANG, Thao P.D.;NGUYEN, Yen T.
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.1135-1146
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    • 2021
  • The paper aims to examine the relationship between various types of motivation and satisfaction as well as turnover intentions of public university lecturers. Intrinsic motivation is found to affect both satisfaction and turnover, while for extrinsic motivation, only one type has a significant effect on satisfaction. The web-based questionnaire with convenience sampling was chosen to approach target respondents. Data was collected by sending a link of the questionnaire to the lecturers' email. There were 700 questionnaires collected. Of which 681 valid responses, after screening out unusual questionnaires. In order to fulfill these aims, the authors employed structural equation modeling with maximum likelihood method supported by AMOS software with 681 valid samples. The evidence confirms the high correlation between intrinsic motivation and satisfaction for university lecturers which has been shown in previous studies. With regard to extrinsic motivation, extrinsic regulation (material) is found to have a positive influence on satisfaction, meaning financial rewards and job security will lead to his contentment while introjected regulation is a source of dissatisfaction. The results also demonstrate that intrinsic motivation is negatively correlated with turnover intentions. A person who is interested in the job itself is less likely to leave his or her job due to a keen passion for it.

Global e-Port화(化)를 위한 부산(釜山)/광양항(光陽港)의 6C 전략(戰略)에 관한 연구(硏究) (A Study on the strategic points(6C) of Global e-Port in Pusan Port & KwangYang Port)

  • 최흥섭;송선옥
    • 무역상무연구
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    • 제16권
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    • pp.205-244
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    • 2001
  • The managing strategies of each enterprise has been fundamentally changed due to the emergence of digital economics by using the internet. Therefore it is indispensable for each enterprise to be changed their business strategies. With a view to meeting the change of new economic paradigm, they are efforting to build a infrastructure for information and communication, induce foreign capital, reconsider their conditions of location, draw the law concerned and reinforce education for experts etc. In consideration of these change, the Pusan port & the KwangYang port have to introduce e-Business for the purpose of increasing the level of their competition. We - our government, the companies - concerned with port management should recognize and use efficiently our core competence and potentiality of our port management. To achieve it, firstly port industries are to handle not only international logistic system but also communication, finance and sightseeing. Secondly, the developed off-line system have to be harmonizing with the on-line. Therefore, this paper are focused to suggest the theoretic background by analyzing the strategic points of e-port which are divided in 6C - Contents, Community, Connection, Commerce, Communication and Customization.

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Utilities Market: The Sphere of Protection of Subjects

  • Dzhumageldiyeva, Gulnara;Zablodska, Inna;Yukhymenko-Nazaruk, Irina;Dovgaliuk, Vita;Suprunova, Irina;Gylka, Ulyana
    • International Journal of Computer Science & Network Security
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    • 제21권3호
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    • pp.266-274
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    • 2021
  • The study covers three components of the facility for protecting public utilities market participants in the public utilities market: prevention of potential poverty, reduction of existing poverty and compensation to the injured party in a case of tort that exacerbates or threatens to exacerbate its poverty. The analysis is based on official statistical information on the activities of the public utilities sector. Operational information of public utility service providers regarding certain indicators of their activity in the work was not studied. This approach narrows the empirical basis of the study, but at the present stage in the context of different rates of implementation of changes in regions, sectors and at the level of individual entities, as well as lack of uniformity in the structure of indicators published by service providers, analysis allows to identify «bottlenecks» of legal regulation, which are systemic in nature and largely independent of the subjective factor.

강사법 제정 및 개정 방향에 대한 강사들의 인식: 인문/사회/교육계열 강사들을 중심으로 (Instructors' Perceptions of Legislation of the Amendments of Higher Education Law and Direction for Revision -Focusing on the Instructors in the Fields of Humanities/Social Science/Education-)

  • 김정숙
    • 한국교육학연구
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    • 제22권1호
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    • pp.25-51
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    • 2016
  • 이 연구는 2011년 제정된 고등교육법일부법률개정안(이하 강사법)에 대한 강사들의 인식을 분석하고 향후 이 법의 개정 방향에 대한 쟁점을 논의하기 위해 수행되었다. 이 연구에서는 두 가지 연구문제를 설정하였다. 첫째, 강사법 제정과 강사법의 주요 내용에 대해 강사들은 어떻게 인식하고 있는가? 둘째, 강사법 유예과정에서 정부와 강사노조가 제안한 강사법 개정(안) 및 강사법 개정 방향에 대해 강사들은 어떻게 인식하는가? 이를 위해, 연구자는 강사 및 고등교육 전문가 16명과 심층면담을 실시하였다. 연구결과, 강사들은 강사법 제정 및 도입 의의를 인정하면서도 정부의 생색내기 또는 선거용 입법으로 인식하였으며, 강사법 시행이 반쪽짜리 교원을 양성할 것으로 우려하였다. 또한 이들은 강사법이 강사들의 처우를 실질적으로 개선하는 방향, 예컨대 강사료 인상과 고용 안정화를 보장할 수 있도록 보완되어야 한다고 강조했다. 그러나 강사들의 연령과 전공영역에 따라 강사법 개정 방향에 대한 입장이 나뉘기도 했다. 분석결과를 토대로, 연구자는 강사법 대체법안 마련을 고등교육 재정 확보, 강사노조 또는 개별 강사들 간의 입장 차이, 한국 고등교육의 문제점 응축 등의 쟁점과 관련하여 논의하고 강사들의 처우 개선을 위한 몇 가지 방안을 제안하였다.

영국법상 선박 모게지 (Mortgages) 에 관한 연구 (A study on the Ship Mortgages in English Law)

  • 정선철
    • 한국항해항만학회:학술대회논문집
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    • 한국항해항만학회 2007년도 추계학술대회 및 제23회 정기총회
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    • pp.58-59
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    • 2007
  • 영국법상 선박 모게지 제도는 오랜 전통에 의하여 계승되었다. 고대로부터 대부는 해상 무역을 함에 있어서 자금이 부족한 선주로부터 요구되어졌다. 선박이라는 용어는 항해에 사용되는 모든 종류의 선박으로 정의되어지며 선박 모게지는 담보금융의 한 형태로서, 선박소유자는 대부를 위해 자기 선박을 저당 잡히고 선박의 소유권을 이전하므로 자금을 빌린다. 이 때 돈올 빌리는 선박소유자를 'mortgagor'(저당권설정자)라고 하고, 돈올 빌려주는 채권자를 'mortgagee'(저당권자)라고 말한다.

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