• Title/Summary/Keyword: Managerial Analysis

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Determinants of Firm Value and Profitability: Evidence from Indonesia

  • SUDIYATNO, Bambang;PUSPITASARI, Elen;SUWARTI, Titiek;ASYIF, Maulana Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.769-778
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    • 2020
  • The purpose of this study was to examine the role of profitability as a mediating variable in influencing firm value. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018. The data used is panel data, with data analysis using multiple regression. Based on the Sobel test, profitability plays a role in mediating the effect of firm size on firm value. The effect of firm size on firm value is indirect, however, through profitability. Therefore, the market price of the shares of large-scale companies will increase if the resulting profitability is high. The capital structure and managerial ownership directly influence firm value. The results showed that managerial ownership and firm size had a positive effect on profitability, while capital structure had no effect on profitability. Capital structure and managerial ownership have a negative effect on firm value, while firm size and profitability have a positive effect on firm value. The main finding of this study is that profitability acts as an intervening variable in mediating the relationship between firm size and firm value.

The application of AHP to measure the importance level of managerial factors for e-commerce in SMB (AHP를 이용한 중소제조업의 전자상거래 경영측면 요인 수준)

  • Hong, Hyun-Gi
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.3
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    • pp.654-659
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    • 2009
  • In the early stage of electronic commerce the technical aspects were regarded as the most important factor for its success, but the economic and managerial aspects gain currently more and more its importance. In this paper some issues are researched which are emerging as essential factor with the development of electronic commerce. Especially this survey was carried out from four managerial aspects which are management strategy, marketing, procurement/logistics and service. The result of this research shows us that the importance level of management strategy and procurement/logistics are low, but that of marketing and service are very high. AHP-Analysis as the result of this paper shows the importance list in rank of service, marketing, procurement/logistics and management strategy.

The Effect of CSR on Venture Companies' Managerial Performance: Considering Corporate Growth Stage (CSR 활동이 벤처기업의 경영성과에 미치는 영향: 기업의 성장단계를 구분하여)

  • Chun, Dongphil;Woo, Chungwon
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.1
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    • pp.225-235
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    • 2020
  • The Korean government is attempting to promote technology-based start-ups and venture firms that can lead to new national growth engines being developed. Although government support policies focus on improving survival rates, strategic tools for sustainability management based on a continuing company's assumption are also relevant. Previous studies indicate corporate social responsibility (CSR) as an important strategic tool for the management of corporate sustainability. This research is an exploratory study that seeks to empirically analyze the applicability of such CSR to venture firms. Existing previous studies have been carried out by large companies and surveys, and there are limitations that do not reflect the characteristics of companies. To complement the shortcomings of previous studies and propose practical consequences, this study conducted an empirical analysis using raw data from government approval statistics to identify the growth stages of venture firms. Using the 2018 Survey of Korea Venture Firms, we identified the growth stages of domestic venture firms and used the data envelopment analysis (DEA) to investigate the effect of CSR activities on managerial efficiency. The analysis found that CSR during start-up and early growth cycles did not affect managerial performance. The organization that conducted enthusiastic CSR activities performed better than those that did not perform CSR activities since the rapid growth era. Ultimately, the scale efficiency of venture business was the highest from the rapid growth era when the CSR was not done. This study is a pioneering study that found that after the period of high growth, venture firms' CSR activities can affect managerial performance. Therefore, it is important to advise applicable policies and business decision-makers that CSR practices can be a tactical resource for improving performance of management.

Development of Analysis Program for Maintenances of Levee Facilities (하천제방 시설물의 유지관리를 위한 분석프로그램 개발)

  • Yoo, Byung-Sun;Park, Yong-Dae;Kim, Hual-Soo;Chang, Ki-Tae
    • Proceedings of the Korean Geotechical Society Conference
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    • 2008.03a
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    • pp.704-715
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    • 2008
  • The Aim of this development is the management of a forecasting analysis program based on a real-time remote sensing data. Using this program it is possible to predict a failure of levee facilities in advance. therefor, it is necessary for making plans of a safety countermove. In this development we have researched the analysis method which could operate effectively the levee facilities using real-time monitoring data from a remote sensing system and the safety managerial program using the algorism from the analysis method developed.

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Effect of Managerial Ideologies on Service Quality and Organizational Effectiveness - Focused on the Moderating Effect of Job Emotionality - (경영이념(비전) 전파노력이 서비스 품질과 조직유효성에 미치는 영향 - 직무정서성의 조절효과를 중심으로 -)

  • Cho, Yung-Ho;Lee, Hye-Sook;Seo, Hyung-Do
    • Journal of Korean Society for Quality Management
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    • v.37 no.3
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    • pp.18-32
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    • 2009
  • This study investigates whether the efforts of infusing managerial ideologies or organizational visions affect service quality and organizational effectiveness for emotional workers. Data for the empirical analysis were collected from employees (doctors, nurses, and so on) in 14 hospitals on a national scale. The results indicate that ideological infusion efforts have a significant and positive effect on service quality, job involvement, and organizational attachment. Interestingly, the effect of these efforts is greater than the effects of other employment conditions like wage, employment security, and social support.

A Study on the Improvement of Supplement Education for Multi-family Housing Managers (공동주택 관리인을 위한 보수교육 개선에 관한 연구)

  • 김선중;권명희;전창미
    • Journal of the Korean housing association
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    • v.15 no.2
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    • pp.75-85
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    • 2004
  • The purpose of this study was to make improvement plan of supplement education for multifamily housing managers. It had investigated a difficult degree of managerial work and troubles of education through questionnaires by 144 housing manager in Ulsan. Analysis methods adopted in this study were frequency, percentage, mean, one-way ANOVA by the SPSS 10.0 for windows program. The parts of evaluation tool were composed of maintenance, operating management, residential life management. The evaluation tool got contents through the documents research, present education contents and questions on the Internet. Likert summated scale(5 point) was used. The results of study showed that a difficult degree of managerial work in the residential life management was the highest. A difficult degree of maintenance work was the highest on the defect examination and decision of repair method of equipment facilities and construct frame. The degree of difficulty of the operating management was high on the homepage management through Internet and well-being progress of housing managers.

The effect of corporate entrepreneurship on managerial innovation, and the moderating effect of shared vision (사내 기업가정신이 관리혁신에 미치는 효과 및 비전공유의 조절효과)

  • Ahn, Kwan-Young
    • Journal of the Korea Safety Management & Science
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    • v.14 no.4
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    • pp.333-339
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    • 2012
  • This paper reviewed the relationship between corporate entrepreneurship(innovativeness, risktaking, proactiveness) and managerial innovation(organization innovation, human resource innovation), and the moderating effect of shared vision. The data to verify proposed hypothesis consist of the responses from 243 employees in Kyeong-Gi and Kang-Won province. The results of hierarchical multiple regression analysis showed that innovativeness and proactiveness are related positively with organization innovation and human resource innovation, but risktaking is not related with innovation. Although risktaking has not effect on human resource innovation, it is appeared that it will be positively related with human resource innovation while shared vision is high.

Real Option Analysis on Ship Investment Valuation

  • Kim, Chi-Yeol;Ryoo, Dong-Keun;Kim, Jae-Kwan
    • Journal of Navigation and Port Research
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    • v.33 no.7
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    • pp.469-476
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    • 2009
  • Recent collapse of shipping market right after unprecedent surge clearly demonstrates that shipping industry is extremely risky. Due to the volatile movements of the freight rates, investors tend to ask higher rate of return; higher required return reduces the total net present value of the investment project. For several decades, the Discounted Cash Flow(DCF hereafter) analysis has been the most frequently used valuation technique. However, the main problem of the DCF analysis is its assumption that the discount rate would stay the same during the project life. In other words, it usually does not address the decisions that managers have after a project has been accepted. The purpose of this study is investigate a new valuation method of investment: the Real Option Analysis(ROA hereafter) on ship investment. By replacing the existing valuation methods with the new one, the research will present a new perspective on investment with uncertainty. While uncertainty increases risk of investment and consequently discounts the value of it in the traditional feasibility analysis, in the ROA, a new valuation method which will be addressed in the research, uncertainty means some additional value of flexibility so that the tool can help investors produce more accurate decisions. Contrary to the DCF analysis, the ROA takes managerial flexibilities into account. In reality, capital budgeting and project management is typically dynamic, rather than static in nature. The ROA finds and assesses the values of managerial flexibilities or real options in the investments. The main structures of the research will be as follows: (1) overview of the ship investment project, (2) evaluation of the project by the Net Present Value analysis, (3) evaluation of the same project by the Real Option Analysis, (4) comparision of the two techniques.

Theoretical Analysis Of The Problem Of Leadership In Professional And Management Activities

  • Desiatnyk, Kateryna;Novakivska, Lyudmyla;Pryma, Viktoriia;Klochko, Larysa;Vdovina, Olena
    • International Journal of Computer Science & Network Security
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    • v.22 no.11
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    • pp.192-198
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    • 2022
  • The article is devoted to current problems of the concept leadership. The essence of the concept of "leadership" is considered and leadership theories. The authors of the article conducted a multifaceted analysis of leadership theories, analyzed the factors of their formation and identified their relationship. Also, the reasons for the difference and connection between leadership and leadership. Styles were presented leadership and their role in building effective leadership. To form the basis of effective leadership was compared to the main criteria inherent in this theories. The following research methods were used in the work: theoretical (analysis of regulatory documents and scientific literature on the problem under study, comparison, generalization, modeling), empirical (diagnostics of the level of formation of managerial competencies of students of the system, questioning, observation, peer review, comparative qualitative and quantitative analysis of diagnostic results the level of formation of managerial competencies).

How to Chase Changing Middle Managers′ Roles in the Informediary Era: Spiral Gap Analysis Model and Star Process

  • Lee, Sang-Gun;Yoo, Sangjin
    • Management Science and Financial Engineering
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    • v.8 no.1
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    • pp.21-38
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    • 2002
  • Rapid advances in information technology(IT) and telecommunication systems impact the number and quality of decision-making in organizations. Specifically, middle mangers must posses or develop the creativity necessary for survival in a constantly changing and volatile business environment. While tradition and conventional wisdom tell us that a middle managers role centers on control and monitoring, todays competitive arena has spun out a new managerial requirement developing and maintaining an innovative attitude. Problematically, most previous research has focused on the issue of changing decision authority (i. e. centralization/decentralization). Moreover, much previous research has also largely ignored environmental changes exposing new roles that middle managers have assumed. This study explores the means of identifying middle managerial roles, managerial possibilities involving the growing popularity of open systems through electronic brainstorming, and an adaptation and development of Diffusion Theory and attempt to counter criticism leveled at the theory's inability to provide an adequate explanation for diffusion of complex organizational technology. This paper develops three ideas: 1) Introducing the 'Chasing Curve' as a theoretical background. 2) Suggesting a new methodology using electronic brainstorming for analyzing the gap between Knowing (the perceived importance of middle managers' roles) and Doing (the degree of current status of middle managers' roles), which we term the 'Spiral Gap Analysis Model'. 3) Identifying a feedback system for minimizing the Knowing - Doing gap, aimed at development of IT strategic priority decision support, which we call this the 'Star Process'.