• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.1073-1081
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• 2021

When firms have higher environmental performance, they can provide sustainable business that allows firms to build the value of credibility and ethics, higher reputation, higher productivity, and lower costs. The advantages of environmental responsibilities help firms to maintain their earnings level over a long-term period. This research aims to examine the effect of environmental performance on earnings persistence. Research samples include 413 manufacturing firms-years listed in the Indonesian Stock Exchange and the PROPER evaluation in 2013-2019. Environmental performance is measured by PROPER evaluation rating. The result shows that environmental performance has a positive effect on earnings persistence. The advantage of environmental responsibilities allows firms to enjoy performance sustainability and persistence in a long-term period, not only periodically. Also, the positive effect of environmental performance on earnings persistence occurs more in the environmentally sensitive industry than non-sensitive ones. Since an environmentally-sensitive industry brings more environmental damage, higher environmental performance is more valuable to provide sustainability. This research has limitations to use all the Indonesian Stock Exchange-listed firms since not all firms participate in the PROPER evaluation. This research implies firms' management should maintain earnings persistence and sustainability by implementing higher-quality environmental responsibility, especially for firms in an environmentally-sensitive industry.

• 한국컴퓨터정보학회논문지
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• 제19권2호
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• pp.221-231
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• 2014

본 연구는 전략적 제휴와 연계를 추구하는 장기 지속적인 그린IT 전략의 필요성을 제시하였다. 그린IT 기업의 사회적 압력과 환경지향성과 환경매력도가 장기 지속적 그린IT 전략에 어떠한 영향을 미치는지, 장기 지속적 그린 IT 전략이 환경성과에 어떠한 영향을 미치는가를 알아보기 위한 연구모형을 설정하였다. 선행연구에서 종속변수로 사용되던 장기지속성을 본 논문에서는 매개변수로 설정하였다. 그린IT 기업을 대상으로 설문조사를 실시하였고, 통계패키지를 이용하여 실증적으로 분석하였다. 사회적 압력과 환경지향성과 환경매력도와 환경성과 사이의 관계에서 장기지속성이 매개효과가 있음을 검증하였다.

• 천문학회지
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• 제44권6호
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• pp.209-215
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• 2011

In this paper, the long-term hemispheric variation of the polar faculae is investigated. It is found that, (1) both the N-S asymmetry and N-S asynchrony of the polar faculae exhibit a long-term persistence, which suggests that they should not be regarded as a stochastic phenomenon; (2) both the N-S asynchrony and N-S asymmetry of the polar faculae are functions of the latitude, implying that the N-S asynchrony of the polar faculae is related to the N-S asymmetry of the polar faculae; (3) from a long-term view, the dominant hemisphere of the polar faculae seems to have close connection with the phase-leading hemisphere of the polar faculae.

• 한국경영과학회지
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• 제28권3호
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• pp.1-30
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• 2003

This study attempts to understand factors influencing the persistence of companie's outsourcing arrangements using the techniques of survival analysis. It provides an insight into the dynamics of outsourcing relationships between clients and vendors. This is particularly relevant considering that current IS sourcing arrangements are strategic and long term, and require close interdependent relationships between the client and the vendor.

• 아태비즈니스연구
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• 제14권1호
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• pp.215-229
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• 2023

Purpose - Based on the funding-horizon theory, this study aims to test the effects of cash needs and the persistence of external funding needs on firms' external financing. Design/methodology/approach - Financial data of Korean listed companies were collected from DataGuide. Immediate and near-term cash shortfalls are defined using the methodology of Haung and Ritter (2021). We estimate multinomial logit regressions for the financing choice. Findings - First, all three cash depletion variables used in our study increase the likelihood of external financing. Second, firms prefer to issue debt to meet immediate spending and equity to meet long-lived cash needs. Third, this effect is more pronounced for high R&D firms. Fourth, chaebol firms with internal capital markets defer raising external capital for immediate and near-term cash needs. Research implications or Originality - This paper provide empirical evidence that immediate and near-term cash needs induce external financing, and the persistence of cash needs affects the choice between debt and equity, the finding which is consistent with the funding-horizon theory of financing decisions. Being the first paper to test the funding-horizon theory using Korean data, this paper contributes to the literature on the capital structure of Korean firms.

• Communications for Statistical Applications and Methods
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• 제9권3호
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• pp.577-594
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• 2002

For the estimation and test of long memory feature in volatilities of stock indices and individual companies semiparametric approach, Geweke and Porter-Hudak (1983), is employed. Empirical study supports the strong evidence of volatility persistence in Korean stock market. Most of indices and individual companies have the feature of long term dependence of volatility. Hence the short memory models are unable to explain the volatilities in Korean stock market.

• 한국수소및신에너지학회논문집
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• 제29권1호
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• pp.117-123
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• 2018

The long-term perception investigation of environment is needed for the persistence of each country's policy on climate change, which is greatly influenced by external factors. Long term data on perception and attitudes of people's thought can be a big data point for climate change and consistent policies can be implemented with the need for public demand. Information on the perception of the general public regarding the environment should be carried out as a basis for the national environmental policy.

• KDI Journal of Economic Policy
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• 제43권2호
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• pp.23-51
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• 2021

The persistence of the employment shock by COVID-19 has various policy implications during the pandemic and beyond it. After evaluating the impact of the health crisis at the individual level, this study decomposes employment losses into persistent and transitory components using the observed timing of the three major outbreaks and subsequent lulls. The estimation results show that while face-to-face services were undoubtedly hit hard by the COVID-19 crisis, the sectoral shock was less persistent for temporary jobs and self-employment. Permanent jobs in the hard-hit sector showed increasingly large persistent losses through the recurring crises, indicating gradual changes in employer responses. The persistent job losses were concentrated on young and older workers in career transitions, whose losses are likely to have long-term effects. These results suggest that targeted measures to mitigate the persistent effects of the employment shock should take priority during the recovery process.

• Weed & Turfgrass Science
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• 제6권1호
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• pp.61-66
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• 2017

The appropriate level of irrigation for turfgrasses is vital to the performance of the turfgrass as well as conservation of water. Linear gradient irrigation system (LGIS) facilitates long-term study of turf performance under continuous irrigation gradients at extreme ends of the irrigation scale. The objectives of this study were to: a) determine the minimum irrigation requirements and relative drought resistance in three warm season turfgrasses; and b) evaluate the medium to long-term effects of irrigation levels on turf persistence, weed invasion, and susceptibility to diseases. Results suggest that grasses differed in drought resistance and persistence under variable irrigation regimes. Irrigation (Ep) required for consistent acceptable turf quality for respective grasses was Cynodon dactylon x C. transvaalensis (61%), Zoysia matrella L. Merr (73%), and Stenotaphrum secundatum 'Palmetto' (86%). Brown patch infection was most prevalent in Stenotaphrum secundatum 'Palmetto' at 12 and 125% Ep irrigation. Cynodon dactylon x C. transvaalensis and Zoysia matrella L. Merr were better able to adapt to the various irrigation regimes, and this ability allowed these species to resist drought, and maintain turf coverage which in turn, kept weeds and the occurrence of diseases at bay. Ranking these grasses for their drought tolerance abilities showed that Cynodon dactylon x C. transvaalensis had the most outstanding resistance against drought, followed by Zoysia matrella L. Merr, and lastly, Stenotaphrum secundatum 'Palmetto'. Despite having the highest irrigation requirement, Stenotaphrum secundatum 'Palmetto' was still not able to maintain persistence at high irrigation regimes. Likewise, this grass also lost turf coverage at low irrigation levels.

• 한국농공학회지
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• 제23권4호
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• pp.46-52
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• 1981

The aim at this study has the stochastic hydrological analysis for the annual mean discharge and monthly discharge which were observed at Lobith of River Rhine in the Netherlands from 1901 to 1972. After this study was analysed by computer IBM 370 and Hewlett Parkard 9800, the results were as follows; 1.When 72 data was divided into two groups of subsample data as 36 data, they do not have their properties to be non-homogeneous and inconsistent due to F-test and t-test. 2.The credit limits of the serial correlation coefficient was fluctuated $\pm$0. 231 which was shown in Fig. 3. at significant level 99% by Anderson's test. 3.The correlogram at short term was shown to be no short-term persistence as Fig. 3. 4.Since the correlogram at long term has displayed that Hurst's coefficient was 0.6144 between 0.6 and 0.7, it was to be no long-term persistence. 5.The stochastic model with annual discharge of this River Rhine was shown with $\chi$t=2195+483. 8 $\varepsilon$t as $\chi$t=$\mu$+oet and $\varepsilon$t=$_1$ø$\varepsilon$t-$_1$+ζt where t=1,2,3,..., ζt is an independent series with mean zero and variance (1-ø2), $\varepsilon$t is the dependent series, and 4' is the parameter of the model. 6.The serial correlation coefficient of monthly discharge was explained as $\chi$$_1$ = 0.34 . sin(6-$\pi$t+$\pi$) as Fig.4. and the River Rhine has no large fluctuation and smoothly changed during that time.