• Title/Summary/Keyword: Level of Governance

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Venture Capital and Corporate Transparency in the Newly Public Firms (벤처캐피탈 투자가 신규상장기업의 투명성 제고에 미치는 영향)

  • Cho, Sung-Sook;Lee, Hee-Woo
    • The Journal of the Korea Contents Association
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    • v.12 no.9
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    • pp.280-292
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    • 2012
  • In general, a venture capital invests in tech startups and helps them improve the corporate transparency through board of directors. With respect to venture capital investment and its impact on the corporate transparency of the newly public firms from 2004 to 2010 in Korea, we have made regression analysis. First, it was found that it was likely to be less transparent, the larger its asset size or the higher its debt ratio was. Second, lower level of ownership-control disparity resulted in higher transparency. Third, a shorter period to IPO and higher growth rate were more prominent in companies with lower degree of transparency. The above findings were not conclusive to prove whether or not venture capital directly increases the transparency level of its portfolio companies, but do insinuate the possibility of a negative impact on the transparency of its investee companies, as early IPO's were associated with less transparency. This is all the more persuasive as it was observed that companies with a lower level of transparency had generally raised more money from venture capitals, and that companies with a higher growth rate and/or higher PBR, have shown to be less transparent.

Ensuring the Quality of Higher Education in the United Kingdom Using Informatization

  • Andreikova, Iryna;Moiseienko, Natalia;Boichuk, Petro;Iliichuk, Liubomyra;Fedchenko, Karina;Bezliudnyi, Oleksandr;Sopivnyk, Ruslan
    • International Journal of Computer Science & Network Security
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    • v.22 no.11
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    • pp.324-330
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    • 2022
  • The United Kingdom is known for the quality of its qualifications. There is a strict quality system with reputable bodies responsible for ensuring that high quality standards are met. In order for new qualifications to be accredited, they must meet all the requirements set out in the regulations for the quality and informatization of Education. The crucial role of the Agency for Quality Assurance of Higher Education (QAA) in the UK for creating high-quality management of higher education institutions is revealed, the influence of informatization tools on its effective mechanism as an independent entity is shown, and positive experience for the educational sector is highlighted. While the universities themselves are responsible for reviewing educational programs at the subject level, the QAA review focuses on verifying internal quality assurance, as well as systems and improvement strategies. The QAA uses a peer review process in which teams mostly consist of academic staff from other institutions to assess the quality of the institution's education. In Scotland, the team also includes an international reviewer. The student is also a member of the Scottish teams. In the UK, attention is paid to providing a cohort of experienced reviewers who can conduct high-quality monitoring and help with advice on improving education. All reviewers must complete training and have permission to participate in the review of educational programs. There are selected committees that are members of the QAA council, each of which is headed by a member of the Council or an independent person approved by the Council. Attention is drawn to the main areas of the QAA's work in the framework of environmental, social and corporate governance.

Assessing Community Resilience in Rural Regions Using the Analytic Hierarchy Process Method (AHP 기법을 이용한 농촌 커뮤니티 리질리언스 지표 도출 연구)

  • Kim, Eun-Sol;Lee, Jae-Ho
    • Journal of Korean Society of Rural Planning
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    • v.28 no.1
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    • pp.37-47
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    • 2022
  • The purpose of this study is to introduce the concept of community resilience to rural society and build an index suitable for the reality of rural areas. Furthermore, by calculating the importance of evaluation factors, it was attempted to present priorities and alternatives for each evaluation factor. By stratifying the derived indicators, a survey was conducted targeting 20 researchers, practitioners, and public officials, three groups of experts working in rural areas who were well aware of the realities and problems of rural areas. In the survey, a pairwise comparison was performed to compare factors 1:1 to calculate the importance, and for rational and consistent decision-making, decisions were made in the 9-grade section. Using the collected data, consistency analysis that can evaluate reliability in the decision-making process and the relative weight of evaluation factors were calculated through AHP analysis. As a result of the analysis, as a result of examining the priority of final importance by summarizing the importance of all evaluation factors, 'Income creation using resources' > 'Population Characteristics' > 'Tolerance' > 'External Support' > 'Social Accessibility' > 'Physical Accessibility' > 'Community Competence' > 'Infrastructure' > 'Leader Competence' > 'Natural Environment' was derived in the order. In the study dealing with urban community resilience indicators, social aspects such as citizen participation, public-private cooperation, and governance were presented as the most important requirements, but this study differs in that the 'income creation' factor is derived as the most important factor. This can be seen through the change in the income difference between rural and urban areas. The income structure of rural areas has changed rapidly, and it is now reaching a very poor level, so it is necessary to prepare alternatives to 'income creation' in the case of rural areas. Unlike urban indicators, 'population characteristics' and 'tolerance' were also derived as important indicators of rural society. However, there are currently no alternatives to supplement the vulnerability by strengthening the resilience of rural communities. Based on the priority indicators derived from the study, we tried to suggest alternatives necessary for rural continuity in the future so that they can be supplemented step by step.

Exploratory Research on the Success Factors and Challenges of Smart City Projects

  • Kogan, Natalia;Lee, Kyoung Jun
    • Asia pacific journal of information systems
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    • v.24 no.2
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    • pp.141-189
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    • 2014
  • As urbanization and its consequences become the issue of modern cities, the concept of Smart City comes as the solution. Though a lot of researches on the topic is done, still no clear definition is given for both: Smart City itself and the factors of a successful Smart City. While most of the literature centers the role of ICT it is not a sufficient condition for a city to become Smart; the role of intellectual capital is underestimated. Using a collection of Smart City definitions across the time and providing concrete cases, this research seeks to bridge definition gaps and creates a tool for understanding Smart Cities. Drawing on the findings of several case studies, this research derives several explanatory factors. The citizen's engagement and governance are identified as the two key success factors of Smart City Projects along with ICT and other factors as enablers. The research has purpose as follows: 1) To bridge definition gaps of the "Smart City" by defining the term "Smart City," based on existing concepts and characteristic mechanisms across times.; 2) To develop an analytical tool for Smart City success factors through Explanatory Variables.; and 3) To identify major challenges and barriers of Smart City Projects implementations and to provide recommendations and solutions, based on existing governmental initiatives and pilot projects. The research contributes to the knowledge of smart cities and ICT integration for urbanization issues solution. By applying the findings of this research at the managerial level stakeholders may benefit by getting higher efficiency of the Smart City Projects and by utilizing knowledge and values of a Smart City Projects in a prioritized way.

Multiple Implications of the Restoration of Coastal Wetland Ecosystem and the Establishment of a Strategic Restoration Framework (갯벌복원의 함의와 복원추진체계 구축에 관한 연구)

  • Nam, Jungho;Son, Kyu-Hee;Khim, Jong Seong
    • Ocean and Polar Research
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    • v.37 no.3
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    • pp.211-223
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    • 2015
  • Korean society has been recently promoting the restoration of coastal wetlands. These efforts might become the basis of a policy framework that compensates for the limitations of a regulation-oriented policy such as the designation of Marine Protected Areas (MPAs). The shift in government policy could contribute to strengthening the socioeconomic infrastructure of coastal development through the accumulation of ecological capital. Although our scientific efforts and social demands in regard to the ecological restoration of the coastal wetlands have increased during the past years, the bases for restoration in Korea requires that scientific, technological, financial, social and legal aspects be enhanced. The present study re-examined the concept and attitudes behind coastal wetland restoration in the light of changing circumstances in Korea. Herein, we first defined coastal wetland restoration as "An act of recovering the functions of the ecosystem of coastal wetlands to a state that resembles conditions prior to being damaged." Next, this study discussed the limitations and future directions of such restoration efforts based on the descriptive analyses of recent restoration practices from social, economic, and technological aspects. Finally, we suggest future policy directions regarding coastal wetland restoration on the basis of a PFST (Policy, Financial, Social, and Technological) analysis; 1) re-arranging legal mechanisms, 2) setting multi-dimensional restoration goals, 3) establishing a multi-discipline- and convergence based R&D system, 4) linking spatial management and local development to the restoration, 5) building restoration governance at the local level, 6) implementing an ecosystem service payment system, and 7) applying test-bed projects in accordance with proper directions.

Management Effectiveness Evaluation (MEE) Indicators Development in Protected Forest Areas (산림보호지역의 관리효과성 평가지표 개발 연구)

  • Ryu, Kwangsu;Choi, Jaeyong;Lee, Gwangyu
    • Journal of the Korean Society of Environmental Restoration Technology
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    • v.14 no.1
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    • pp.105-119
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    • 2011
  • In order to develop the indicators which evaluate the management effectiveness for the protected forest areas in Korea, candidate indicators were listed based on literature and experts interviews, then questionnaire survey on the experts were conducted. 5 elements of context, planning, input, process, output and outcome and 32 indicators were selected. Context element includes 6 indicators of 1) documentation and assessment of values; 2) documentation and assessment of threats, 3) influence of government policy, 4) related regulations, 5) community cooperation and 6) the structure of management organization. 6 indicators of Planning element were 1) the management objective, 2) protected area design, 3) protected area size and number, 4) representation, 5) standards and categories and 6) management planning. Input element of 3 indicators were 1) management staff, 2) funding, 3) establishment and application of information. Process element were consisted of 1) governance, 2) management guidelines, 3) human resource management, 4) law enforcement, 5) eco-management, 6) disaster management, 7) education program and 8) research and monitoring. The element of outputs and outcomes were 1) accomplishment of plan, 2) accomplishment of program, 3) private land management, 4) threats change, 5) biodiversity change, 6) ecosystem health and vitality, 7) impact on community, 8) international management level and 9) visitors' satisfaction and variation in civil compliant. It is recommended to have further research on evaluation methods development by applying those above developed indicators for the protected forest areas to ensure the practicality of the indicators.

A Review of Implementation of Policy Instruments on Forests Fire in Nepal

  • Ganesh Raj Joshi;Kedar Rijal;Rikita Bhandari;Ramesh Prasad Sapkota;Narayan Babu Dhital
    • Journal of Forest and Environmental Science
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    • v.40 no.3
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    • pp.167-179
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    • 2024
  • Forest fire is one of the major disasters occurring in Nepal causing huge loss to the ecosystem, people and economy. They are mainly caused due to different anthropogenic activities. In Nepal, the forest fires occur during the dry season mainly from March to May. Nepal has roughly 29.5 percent forest area that are prone to forest fires and it is estimated that about 375 thousand hectares of forest were burned over one and half decade from 2000-2014. The forest fire risk is higher in the Terai and Siwalik regions than in any other region. To prevent and mitigate the forests fire incidences, the Government of Nepal has formulated and executed different policy instruments. In this regard, this paper aims to review the implementation of policies, strategies, Acts and regulations related to forest fire management at different levels of governance. Although federal and provincial governments' different policy instruments have considered forest fire and its management, these are not effectively implemented. It is not prioritized in terms of resource allocation, institutional capacity building, disaster preparedness and early warning. In addition, there are unclear and overlapping roles and responsibilities among three tiers of governments to effectively implement the policy provisions. Considering the consequences of the forest fire, governments at different levels need to devise an effective mechanism involving all stakeholders for implementing preventive and curative activities, strengthen institutions and build the capacity of human resources, and increase the level of resource allocation to implement the provisions of various legal and policy instruments.

A Study on Network Strategy for Smart Society by Analysis of Spatial Information Technology Trends (공간정보기술 동향 분석을 통한 스마트사회 네트워크 전략에 관한 연구)

  • Kang, Young-mo;Kang, Chan-woo;Han, Kyeong-seok;Kim, Jong-bae
    • Journal of the Korea Institute of Information and Communication Engineering
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    • v.19 no.6
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    • pp.1411-1418
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    • 2015
  • Currently, the previous studies on the concept, configuration, and system regarding spacial information policies show the little progress. However, these studies only propose the basic structure system in terms of a policy theory, seeking and suggesting the basic concept to establish spacial information policies. In the shift of a new paradigm from a PC-based paradigm that began in the mid-2000s to the current smart society based on mobile devises, such as smart phones, this study thus reviewed the strategic direction of the propulsion to establish the desired future strategy for the spatial technology policy with spatial information system that can influence the future national competitiveness of Korea. The results of this study is expected to be used to analyze a variety of issues and technological changes on geospatial intelligence at the global level and to support the establishment of a road-map for policies and research & development on domestic geospatial information.

Improvement of Epidemiology Intelligence Service Officer Program for Preparedness and Response against Future Health Issues Included Communicable and Non-communicable Diseases in Korea (미래 보건문제 발생에 대응·대비를 위한 역학조사관제도 개선방안)

  • Lee, Moo-Sik
    • Health Policy and Management
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    • v.28 no.3
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    • pp.294-300
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    • 2018
  • The development and management of epidemiology intelligence service (EIS) officer with more specialized competence to cope with and prepare for health threats, including pandemic of emerging and re-emerging infectious diseases, is a high priority policy issue in Korea. First of all, we need to establish the training goal of EIS officer. It is necessary to establish manpower training and management system with at least three tiers including quantitative and qualitative targets. Second, at least 50% of all EIS officer must secure a physician and secure expertise and competence for epidemic. Third, for the ultimate purpose of EIS officer, the establishment of a public health expert should expand the scope of epidemiologist's work to health and medical care, occupational environment, and various disasters. Fourth, it is essential to expand the epidemiologist training and education program to the level of advanced countries. Especially, the training course should be expanded at least twice of current times. Fifth, it is necessary to independently install and operate the 'EIS Officer Training Center' as a mid- and long-term goal. Stewardship and governance are secured with the organization, personnel, etc. that can fully manage the planning, management, and evaluation of the EIS system. In the future, it will be necessary to establish a systematic and phased operational base of education and training programs for EIS officer, and establish a sustainable implementation system for strategy development. In addition, it is urgent to revise the guidelines for training public health professionals and strengthening competencies, and for establishing professional educational institutions.

Estimation of the Expected Loss per Exposure of Export Insurance using GLM (일반화 선형모형을 이용한 수출보험의 지급비율 추정)

  • Ju, Hyo Chan;Lee, Hangsuck
    • The Korean Journal of Applied Statistics
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    • v.26 no.6
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    • pp.857-871
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    • 2013
  • Export credit insurance is a policy tool for export growth. In the era of free trade under the governance of WTO, export credit insurance is still allowed as one of the few instruments to increase exports. This paper, using data on short-term export insurance contracts issued to foreign subsidiaries of Korean companies, calculates the expected loss per exposure by combining the effect of risk factors (credit rate of foreign importers, size of mother company, and payment period) on loss frequency and loss severity in different levels. We, applying generalized linear models (GLM), first fit loss frequency and loss severity to negative binomial and lognormal distribution, respectively, and then estimate the loss frequency rate per contract and the ratio of loss severity to coverage amount. Finally, we calculate the expected loss per exposure for each level of risk factors by combining these two rates. Based on the result of statistical analysis, we present the implication for the current premium rate of export insurance.