• Title/Summary/Keyword: Level of Governance

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Strategies for Autonomous MUM-T Defense Industry (자율화 MUM-T 국방산업 전략)

  • Byungwoon Kim
    • Journal of Aerospace System Engineering
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    • v.17 no.2
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    • pp.56-61
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    • 2023
  • Recently, advancement of AI-enabled autonomous MUM-T combat system and industrial revitalization are rapidly emerging as global issues. However, the Defense Business Act of the Ministry of National Defense in Korea is judged to be somewhat insufficient compared to NATO leading countries in advancement of operation part of a weapon system as MUM-T is centered on a weapon system's own device. We established the concept of AI-enabled autonomous MUM-T to strengthen international competitiveness of complex combat systems such as future global UGV, UAV, and UMS. In addition, NATO and US-centered autonomy, interoperability, and data standardization-based defense AI MUM-T top-level platform construction and operation plan, establishment of a national defense innovation committee such as the National Science and Technology Advisory Council, review and advisory function reinforcement, and additional governance measures are proposed.

Business Strategy, Corporate Governance and Sustainability Reporting: An Analysis of the Fit Contingency Approach

  • HERNAWATI, Erna
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.761-771
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    • 2020
  • This study discusses the role of Board Monitoring Effectiveness (BME) on managers' decisions regarding the business strategies that fit the external business environmental conditions by using a contingency analysis approach. Furthermore, this study will examine how fit strategies affect Sustainability Reporting (SR) of listed companies on the Indonesia Stock Exchange (IDX) from 2014 to 2017. This study uses Conditional Mixed Process (CMP) technique. This CMP method is claimed to be more efficient in analyzing the TSL models. This study found that in highly uncertain conditions, BME had a positive influence on the probability of managers to choose prospector and defender strategies rather than analyzers. These results indicate that BME shows positive impact on the contingency fit between business strategies and environmental uncertainty. In addition, the study documents that only prospectors have a positive impact on SR, however this study failed to document that defenders have positive impact on SR. Meanwhile the unexpected result is analyzers have a significantly positive effect on SR. This study is the first study to investigate the role of BME in contingency fit between business strategies and environmental uncertainties and how it produces effects up to the level of SR.

Financial Reporting Opacity, Audit Quality and Crash Risk: Evidence from Japan

  • CHAE, Soo-Joon;NAKANO, Makoto;FUJITANI, Ryosuke
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.1
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    • pp.9-17
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    • 2020
  • This study examines the effect of financial reporting opacity and audit quality on stock price crash risk using listed firms in Japan. This study is the first research to examine the effect of financial reporting opacity on crash risk using a Japanese listed company. Furthermore, the effect of audit quality on crash risk is verified. High level auditors can mitigate crash risk by playing a role as a corporate governance device mechanism to reduce agency costs. We use a logistic regression and linear regression model to test whether financial reporting opacity and audit quality affect crash risk using listed firms in the Japanese stock exchange market during the fiscal years 2015 January through 2017 February. The results of this study suggest that the financial reporting opacity variable shows a positive relationship with CRASH, which states that a firm with more opaque financial reporting increases crash risk. The results suggest also that the firms audited by Big4 auditors experience less crash risk, implying that the audit quality in Japan can be one of the factors mitigating firm's crash risk. This study provides implications for financial reporting and audit quality to external stakeholders who wants to avoid losses.

Top-executives Compensation: The Role of Corporate Ownership Structure in Japan

  • Mazumder, Mohammed Mehadi Masud
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.3
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    • pp.35-43
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    • 2017
  • This paper explores the impact of corporate control, measured by ownership structure, on top-executives' compensation in Japan. According to agency theory, the pay-performance link is expected to be affected by the firm's ownership structure. Using a sample of 4,411 firm-year observations (401 firms for the 11-years period from 2001 to 2011) for Japanese non-financial firms publicly traded on the first section and second section of the Tokyo Stock Exchange (TSE), this study demonstrates that institutional ownership (both financial and corporate) is negatively related to the level of executives' compensation. Such finding is in line with efficient monitoring hypothesis which claims that the presence of institutional shareholders provides direct monitoring over managers, limits managerial self-dealing and curves the increase in top-executives pay. On the other hand, the results also show that managerial ownership is positively related to their compensation which supports managerial power theory hypothesis, i.e. management-controlled firms are more likely to extract more compensation from the business than other firms. Overall, this study confirms that corporate control has significant impact on cash compensation paid to Japanese top-executives after controlling the conventional pay-performance relationship.

Computer vision monitoring and detection for landslides

  • Chen, Tim;Kuo, C.F.;Chen, J.C.Y.
    • Structural Monitoring and Maintenance
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    • v.6 no.2
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    • pp.161-171
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    • 2019
  • There have been a few checking frameworks intended to ensure and improve the nature of their regular habitat. The greater part of these frameworks are constrained in their capacities. In this paper, the insightful checking framework intended for debacle help and administrations has been exhibited. The ideal administrations, necessities and coming about plan proposition have been indicated. This has prompted a framework that depends fundamentally on ecological examination so as to offer consideration and security administrations to give the self-governance of indigenous habitats. In this sense, ecological acknowledgment is considered, where, in light of past work, novel commitments have been made to help include based and PC vision situations. This epic PC vision procedure utilized as notice framework for avalanche identification depends on changes in the normal landscape. The multi-criteria basic leadership strategy is used to incorporate slope data and the level of variety of the highlights. The reproduction consequences of highlight point discovery are shown in highlight guide coordinating toward discover steady and coordinating component focuses and effectively identified utilizing these two systems, by examining the variety in the distinguished highlights and the element coordinating.

Applying Theory Informed Global Trends in a Collaborative Model for Organizational Evidence-based Healthcare

  • Lockwood, Craig
    • Journal of Korean Academy of Nursing Administration
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    • v.23 no.2
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    • pp.111-117
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    • 2017
  • Getting evidence in to practice tends to focus on strategies, theories and studies that aim to close the gap between research knowledge and clinical practice. The evidence to practice gap is more about systems than individual clinician decision making. The absence of evidence for administration and management in the organization of healthcare is persistent. Teaching nurses and providing evidence as the solution to evidence-based healthcare is no longer axiomatic. Previous studies have concluded that unit level strategies integrate multi-professional teams with organizational needs and priorities. This 'best fit' approach that characterizes how healthcare is structured and delivered. The published literature shows that increased readiness for change is aligned with integrated approaches informed by conceptual models. The Joanna Briggs Collaboration is the largest global collaboration to integrate evidence within a theory informed model that brings together academic centres, hospitals and health systems for evidence synthesis, transfer and implementation. The best approaches to implementation are tailored to local culture and context, benchmark against international evidence, combine a theory informed model and stakeholder perspectives to improve the structure and processes of health care policy and practice.

Comparative Analysis of Digital Twin Trends in Urban Area (도시 분야 디지털트윈 동향 비교·분석)

  • Jeong, Dawoon;Choi, Wongeun;Hong, Seokhyeon;Cho, Kwangje;Park, Jungho
    • Journal of Cadastre & Land InformatiX
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    • v.53 no.1
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    • pp.123-137
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    • 2023
  • This study is to review the concept of digital twin, analyse digital twin cases and suggest implications. The definition of digital twin is somewhat different depending on purposes but the importance of visualization, monitoring, analysis, prediction and optimization characteristics are accepted. In terms of the concept, digital twin cases are reviewed and analyzed. Based on the analysis, implications from a data point of view for the future development of digital twin in South Korea are suggested.

Analysis of the Library Administrative Systems and Legislations in China and Taiwan (중국(대만)의 도서관 행정체계 및 법제 분석)

  • Yoon, Hee-Yoon
    • Journal of Korean Library and Information Science Society
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    • v.35 no.4
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    • pp.149-169
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    • 2004
  • The purpose of this paper is to analyze the administrative system and legislation of China and Taiwan's libraries with priority given to public library. The China is a republic in that the government has some democratic forms, especially at the local level, but it is controlled by the Communist Party of China In China the ministry of culture(ministry of education in Taiwan) is the national central body responsible for public libraries. Today in China there are about 2,698 public libraries in total and its governance is a provincial responsibility. For that reason, there does not exist a nation-wide public library act in China.

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Ownership Structure and Cash Holdings: Empirical Evidence from Saudi Arabia

  • ALGHADI, Mohammad Yousef;Al NSOUR, Ibrahim Radwan;AlZYADAT, Ayed Ahmad Khalifah
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.323-331
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    • 2021
  • This paper examines the relationship between ownership structure and level cash holdings in an emerging country, namely, Saudi Arabia, by constructing a corporate governance mechanism (foreign ownership, family ownership, institutional and managerial ownership). This paper uses data from 100 listed firms at Saudi Stock Exchange (TADAWUL) from 2011 to 2019. The firm's decision to hold cash has come to the fore in the last two or three years as a result of the recent global financial crisis, and the impact that this has had on the firms' ability to raise funds from external sources. Using the random-effect generalized least square (GLS) regression model, the findings reveal that foreign and family ownership negatively influences cash holdings, while managerial ownership has a positive association with cash holdings. Further, institutional ownership did not have a direct effect on cash holdings in Saudi Arabia. Our results suggest that ownership structure include foreign ownership, family and managerial ownership is an essential vehicle to promote the performance of cash holding of all the 100 public-listed non-financial firms in Saudi Arabia. We recommend that sound policies should be targeted toward foreign ownership, family, and managerial ownership since they are essential to improve cash holding in Saudi Arabian firms.

A Study on Strategic City Brand Policy: Based on the comparative analysis of city brand slogans in Seoul and overseas case studies (전략적 도시 브랜드 정책 연구: 서울시와 해외 도시 브랜드 슬로건의 비교 분석을 바탕으로)

  • Lim, Haewen
    • Journal of Digital Convergence
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    • v.19 no.7
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    • pp.41-50
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    • 2021
  • All cities have constructed city branding strategically to intensify their competitiveness in global arena. Seoul Metropolitan has launched city brand in policy-level since 2003 and they have struggled to utilize city branding until now. This study explores the changes in Seoul's city brand in order to suggest a future direction for such efforts. The research is grounded in various domestic and foreign theories and case studies are considered from previous studies related to the place marketing, city marketing, and city branding. Relevant data were collected and analyzed, indicating that an unsure city brand requires strategic governance among stakeholders and civic consensus.