• 한국데이타베이스학회:학술대회논문집
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• 한국데이타베이스학회 2010년도 춘계국제학술대회
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• pp.5-12
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• 2010

With a sample of 147 Korean small and medium size companies, this study examined the relationships among degree of information orientation, corporate culture, degree of information management implementation and selected business performances in the process of implementing IMS improvement programs, such as IMS(Information Management System). Information orientation is defined as company-wide understanding and implementation of the underlying philosophy, principles, approached, and tools of information improvement programs. It is assumed that successful implementation of information improvement programs requires a information-oriented mind-set of the employees. The key elements of information orientation include continious improvement structured processes, organixation-wide participation and customer-focused spirit. Culture id defined as the value and beliefs of em organization that shape its behavior. It is also assumed that successful implementation of information improvement programs require strong support from s corporate culture that emphasizes cintinious improvement. Adopting the competing values model of Quinn and McGrath(1985), corporate culture is classified into 'flexible' versus 'controlled culture' and 'outer-directed' versus 'inner-directed culture'. Fitness was defined through the relationship between levels of information oriented and types of corporate culture. The results were as follows. First, it was found that when a company with high information orientation promoted information innovation programs, such as IMS, it reported higher degree of information management implementation and improvement in business performances. Second, the results showed the importance of 'flexible culture' and 'outer-directed culture' in performing information, innovation. Regarding the types of corporate culture, the analysis found that developmental culture, rational culture and group culture were effective. Third, companies with high information oriented and flexible culture or companies with high information orientation and outer-directed culture reported the highest implementation in Information management activities. Fourth, the results showed that the level of information management implementation had a mediating effect on the relationship between information orientation and business performance. It was also found that enhanced non-financial performance led to the improvement of financial performance. This study attempted to exaime the factor that lead information management program to success. In order to reach success, first, it is suggested that companies have positive mind set toward continious information improvement. Secondly, it is recommended that a flexible and outer-directed culture appropriate for continious information improvement is cultivated.

• 산업경영시스템학회지
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• 제47권1호
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• pp.28-40
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• 2024

Maintaining the permanence of a company in the current rapidly changing business environment is not an easy task. Rather, the lifespan of a company can be said to be gradually decreasing. As such, the author of this paper, which describes the current market environment, is the sales organization of a large company. While leading the company, I thought about how to overcome the rapidly changing market and create an organization that continues to grow. As a result, I succeeded in creating an organization that continued to grow over the past two years, and the main activity of this result was the use of sales computer. It was clear that it was an information sharing activity. This can be said to be a result of proving that a series of activities to create and share information is important for the sales organization of ICT companies to actively respond to the rapidly changing market environment. Therefore, this study attempted to examine the relationship between knowledge management and business performance in the sales field of ICT companies, which has not been covered so far. Knowledge management is a four-stage activity from a process perspective, divided into knowledge creation, knowledge storage, knowledge transfer, and knowledge utilization. did. As a result of the study, first, knowledge management activities, such as knowledge creation and knowledge storage, were found to have a significant impact on financial performance. Second, knowledge management activities such as knowledge creation, knowledge storage, knowledge transfer, and knowledge utilization were all found to have an impact on non-financial performance. In the end, this study confirmed that efforts to turn tacit knowledge into knowledge in order to respond to the ever-changing ICT market are ultimately an important factor in growing a company.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.687-696
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• 2021

This paper investigates the effect of environmental performance and environmental management on firm value using financial performance as mediation variable. There are still inconsistencies in research on environmental performance and environmental management and their impact on company value. This research used a quantitative approach involving secondary data. The variables used are environmental performance, environmental management, company financial performance, and company value. Multiple regression was used because it allowed the researchers to examine the relationship of each variable contained in the research framework by describing all of the direct effects (non-mediated effects) and the indirect effects of the research variables. The research sample consisted of 144 manufacturing companies listed on the Indonesia Stock Exchange from 2012 to 2017. Statistically, this study found that there was no direct effect that had a significant impact on environmental performance and firm value, and found that there is a significant direct effect of environmental management variables on firm value. Improved environmental management by the company is proven to increase the value of the company directly. This paper found that, not only does an increase in stakeholder trust happen when a company increases its environmental awareness, but there is also an increase in the financial aspects of the company.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.73-84
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• 2020

Existing studies disagree over the core predictors of firm-level financial choices in developing countries. The general practice only validates the traditional capital structure model, which leads to inconsistency and a lack of novelty. This study removed overfitting issues among existing factors and presented the most reliable and advanced capital structure model in Pakistani firms. The panel data include 368 Pakistani companies from 19 non-financial sectors over the period 2004 to 2017. We apply Akaike and Bayesian Information Criteria to remove overfitting issues among inconsistent proxies in the capital structure model. The fixed effects regression is used for basic results and the Generalized Method of Moments is applied to control the endogeneity. Besides the conventional proxies, we report that credit rating, distance from bankruptcy, managerial concentration, and institutional quality are the most advanced capital structure determinants in Pakistan. These predictors remain significant across firm size and growth levels. Also, the findings confirm that new predictors are reliable to define capital structure dynamics and improve the speed of adjustment in overall and sub-sample analysis. The major findings suggest that managers and policymakers should consider these advanced predictors to design their financial settings in firms.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.525-532
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• 2021

The study investigates the mediating effect of Korean firms' corporate social responsibility (CSR) in the relationship between Korean executives' religiosity, their individual social responsibility (ISR), and corporate financial performance (CFP). As executives lead the firms' strategies and policies, their religiosity or ISR may have a significant influence in attaining the firm's CSR and influencing CFP. The upper echelon theory, agency theory, and stakeholder theory are used to explain the link between individual-level drivers of CSR, a firm's CSR, and CFP. The upper echelon theory, agency theory, and stakeholder theory are integrated into the conceptual model, which explains the relationships between proposed constructs in this study. This study employs survey data of 421 Korean companies. The confirmatory factor analysis (CFA) technique was used to test the proposed hypotheses. The main result shows that Korean executives' religiosity and their ISR positively influence CFP when mediated by CSR. The findings of this study suggest that Korean executives' personal values such as their religiosity and ISR can impact the firm's CSR activities or financial performance. Overall, this paper responds to the recent calls in the CSR literature to examine the individual-level drivers from non-western contexts by shedding more light on the Korean context.

• The Journal of Asian Finance, Economics and Business
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• 제9권4호
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• pp.39-52
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• 2022

This study examines whether accounting conservatism can support real earnings management by reducing accrual earnings management techniques. The net impact of conservative reporting on earnings management is also analyzed. It is assumed that moderating the role of conservative financial reporting during uncertainty can mitigate earnings management practices. For our analysis, 5354 firm-year observations for the period 2007-2020 of nonfinancial companies listed on the Pakistan Stock Exchange are applied. To measure conservatism in the non-financial sector of Pakistan, Khan and Watts' (2009) model is used to provide evidence that conservatism is a way to restrict earnings management during uncertainty. "Prospector" and "Defender" Business strategy is applied for measuring firm-level uncertainty. To measure accrual earnings management Modified Jones (1995) model and Dechow and Dichev (2002) approach and Kasznik (1999) model are applied, and for real earnings management Roychowdhury model is applied which follows three approaches to measure real earnings management i.e. cash flow manipulation, Overproduction, and discretionary expenses. The estimations support our hypothesis by providing statistically significant proof that conservative financial reporting in a developing economy like Pakistan may be used to overcome the net impact of earnings management during uncertainty. Our results provide critical and practical implications for investors, researchers, and standard setters.

• Asia pacific journal of information systems
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• 제22권1호
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• pp.53-77
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• 2012

Financial firms, especially large scaled firms such as KB bank, NH bank, Samsung Card, Hana SK Card, Hyundai Capital, Shinhan Card, etc. should be securely dealing with the personal financial information. Indeed, people have tended to believe that those big financial companies are relatively safer in terms of information security than typical small and medium sized firms in other industries. However, the recent incidents of personal information privacy invasion showed that this may not be true. Financial firms have increased the investment of information protection and security, and they are trying to prevent the information privacy invasion accidents by doing all the necessary efforts. This paper studies how effectively a financial firm will be able to avoid personal financial information privacy invasion that may be deliberately caused by internal staffs. Although there are several literatures relating to information security, to our knowledge, this is the first study to focus on the behavior of internal staffs. The big financial firms are doing variety of information security activities to protect personal information. This study is to confirm what types of such activities actually work well. The primary research model of this paper is based on Theory of Planned Behavior (TPB) that describes the rational choice of human behavior. Also, a variety of activities to protect the personal information of financial firms, especially credit card companies with the most customer information, were modeled by the four-step process Security Action Cycle (SAC) that Straub and Welke (1998) claimed. Through this proposed conceptual research model, we study whether information security activities of each step could suppress personal information abuse. Also, by measuring the morality of internal staffs, we checked whether the act of information privacy invasion caused by internal staff is in fact a serious criminal behavior or just a kind of unethical behavior. In addition, we also checked whether there was the cognition difference of the moral level between internal staffs and the customers. Research subjects were customer call center operators in one of the big credit card company. We have used multiple regression analysis. Our results showed that the punishment of the remedy activities, among the firm's information security activities, had the most obvious effects of preventing the information abuse (or privacy invasion) by internal staff. Somewhat effective tools were the prevention activities that limited the physical accessibility of non-authorities to the system of customers' personal information database. Some examples of the prevention activities are to make the procedure of access rights complex and to enhance security instrument. We also found that 'the unnecessary information searches out of work' as the behavior of information abuse occurred frequently by internal staffs. They perceived these behaviors somewhat minor criminal or just unethical action rather than a serious criminal behavior. Also, there existed the big cognition difference of the moral level between internal staffs and the public (customers). Based on the findings of our research, we should expect that this paper help practically to prevent privacy invasion and to protect personal information properly by raising the effectiveness of information security activities of finance firms. Also, we expect that our suggestions can be utilized to effectively improve personnel management and to cope with internal security threats in the overall information security management system.

• 한국엔터테인먼트산업학회논문지
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• 제15권6호
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• pp.55-70
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• 2021

본 연구는 국내 엔터테인먼트 산업을 대상으로 하여 다음의 두 가지 내용을 실증적으로 분석하는 것을 목적으로 한다. 우선, 기업의 현금보유수준이 엔터테인먼트 기업의 재무적 가치측면에서 어떠한 영향을 미치는지를 분석한다. 그 다음으로, 기업의 어떠한 특성들이 엔터테인먼트 기업의 현금보유수준에 영향을 미치는지를 분석한다. 이를 검증하기 위하여 2000년부터 2018년의 총 19년 동안의 장기간 표본을 이용하여 한국거래소 유가증권시장 및 코스닥시장에 상장된 엔터테인먼트 기업들을 대상으로 분석을 진행하였다. 분석의 주요 결과는 다음과 같다. 첫째, 엔터테인먼트 기업의 현금보유수준이 비엔터테인먼트 기업에 비하여 더 높은 것으로 나타났다. 둘째, 엔터테인먼트 기업의 현금보유수준의 증가는 기업가치를 증가시키는 작용을 하고 있었다. 셋째, 기업의 특성 변수 중에서 부채비율 및 수익성이 현금보유수준에 큰 영향을 미치는 것으로 나타났다. 부채비율이 낮고 수익성이 높을수록 엔터테인먼트 기업은 현금을 더 많이 보유하는 것이 발견되었다. 이러한 결과는 다음과 같은 시사점을 준다. 첫째, 엔터테인먼트 산업은 향후 투자기회가 높은 것으로 주식시장에서 평가받고 있고, 이에 따라 높은 현금보유수준은 높은 기업 가치로 연결된다. 둘째, 엔터테인먼트 기업의 현금보유는 부채조달의 대용수단으로 사용되어 자금조달이 필요한 경우를 대비하고 있으며, 엔터테인먼트 기업의 현금보유와 관련한 대리인문제는 낮은 것으로 판단된다.

• 산업경영시스템학회지
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• 제6권9호
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• pp.81-95
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• 1983

The author has intended to seek for the usefulness of price-level change accounting information through financial statements of general price level. The accounting information obtained from financial statements of general price level, must be useful to the reasonable judgment of financial statement users or to the economic decision making, This thesis may be summarized as follows : 1. Financial statements arranged by historical cost accompany many problems as accounting information. In other words, at the time of inflation, they have little usefulness as accounting information. 2. In order to correct the little usefulness of the financial statements arranged by historical cost, the author examined this matter centering around FASB statement No. 33. 3. The price level change accounting eliminates the contradiction of the accounting information obtained from the financial statements arranged by historical cost. 4. In the general price level change accounting, money value is presumed to change according to the level of general price and, then, the money value for goods must be revised. 5. In the general price level change accounting, the division between monetary items of asset and debt, and non-monetary items, is important. 6. The general price level change accounting based upon historical cost accounting, has objectivity as accounting information like the cost basis accounting and larger usefulness than the cost basis accounting. In conclusion, the price level change accounting increases its usefulness as accounting information and, therefore. (1) the information on the general price level change accounting is desirable to be disclosed as supplementary information for the traditional financial statements, and (2) the general price level change accounting should be induced to the listed Companies in Korea under continuing inflation for improving the usefulness of financial statements as accounting information.

• 지능정보연구
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• 제20권1호
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• pp.35-48
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• 2014

2013년 건설 경기 전망 보고서에 따르면 주택건설경기 침체 상황의 지속으로 건설 기업의 유동성 위기가 지속될 것으로 전망된다. 건설업은 파산으로 인한 사회적 파급효과가 다른 산업에 비해 큰 편이지만, 업종의 특성상 다른 산업과는 상이한 자본구조와 부채비율, 현금흐름을 가지고 있어서 기업의 파산 예측이 더 어려운 측면이 있다. 건설업은 레버리지가 큰 산업으로 부채비율이 매우 높은 업종이며 현금흐름이 프로젝트 후반부에 집중되는 특성이 있다. 그리고 경기사이클에 따른 부침이 매우 심하여 경기하강국면에선 파산이 급증하는 양상을 보인다. 건설업이 레버리지 산업인 이상 건설업체의 파산율 증가는 여신을 공여한 은행에 큰 부담으로 작용한다. 그럼에도 그간의 파산예측모델이 주로 금융기관에 집중되어 왔고 건설업종에 특화된 연구는 드물었다. 기업의 재무 자료를 바탕으로 한 파산 예측 모델에 대한 연구는 오래 전부터 다양하게 진행되었다. 하지만, 일반적인 기업 전체를 대상으로 하는 모델이기 때문에, 건설 기업과 같이 유동성이 큰 기업의 예측에는 적절하지 못할 수 있다. 건설 산업은 오랜 사업 기간과 대규모 투자, 그리고 투자금 회수가 오래 걸리는 특징을 갖는 자본 집약 산업이다. 이로 인해 다른 산업과는 상이한 자본 구조를 갖기 마련이고, 다른 산업의 기업 재무 위험도를 판단하는 기준과 동일한 적용이 곤란할 수 있다. 최근에는 기계 학습을 바탕으로 한 기업 파산 예측 연구가 활발하다. 기계 학습의 대표적 응용 분야인 패턴 인식을 기업의 파산 예측에 응용한 것이다. 기업의 재무 정보를 바탕으로 패턴을 작성하고 이 패턴이 파산 위험 군에 속하는지 안전한 군에 속하는지 판단하는 것이다. 전통적인 Z-Score와 기계 학습을 이용한 파산 예측과 같은 기존 연구들은 특정 산업 분야가 아닌 일반적인 기업을 대상으로 하기 때문에 기업들의 특성을 전혀 고려하고 있지 못하다. 본 논문에서는 건설 기업을 규모에 따라 각 기법들의 예측 능력을 비교하여 적응형 부스팅이 가장 우수함을 확인하였다. 본 논문은 건설 기업을 자본금 규모에 따라 세 등급으로 분류하고 각각에 대해 적응형 부스팅의 예측력을 분석하였다. 실험 결과 적응형 부스팅이 다른 기법에 비해 예측 결과가 좋았고, 특히 자본금 규모가 500억 이상인 기업의 경우 아주 우수한 결과를 보였다.