• Title/Summary/Keyword: Performance Determinants

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Dynamic Elasticities Between Financial Performance and Determinants of Mining and Extractive Companies in Jordan

  • Yusop, Nora Yusma;Alhyari, Jad Alkareem;Bekhet, Hussain Ali
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.7
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    • pp.433-446
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    • 2021
  • This study aims to identify the elasticities and casualties of financial performance and determinants of the mining and extractive companies listed in Jordan's stock market over the 2005-2018 period. The conceptual framework is based on the Resource-Based View theory and Arbitrage Pricing theory is used to describe the relationship between the external environment and the financial performance of the companies. Profitability ratio (return on assets) is utilized as a proxy of financial performance measurement. Meantime, the company's characteristics, macroeconomic variables, and non-economic factors are utilized as independent factors. Data sources are panel data set for mining and extractive companies over the above period. Fully Modified Ordinary Least Square (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Pooled Mean Group (PMG) methods are applied. The empirical findings indicated that company size, sales growth, financial leverage, liquidity, and GDP growth were the critical determinants of mining and extractive companies' financial performance in the Amman Stock Exchange. Thus, the findings conclude that company characteristics and GDP growth mainly drive financial performance. Moreover, the findings reveal that a bidirectional causal elasticity exists between GDP and financial leverage and return on assets (ROA). Sound financial performance can be obtained by paying more attention to GDP growth and firms' characteristics.

Empirical Study on the Determinants of Improving Open Innovation Performance : Based on New Product Development Collaboration with Suppliers (개방형 혁신 성과향상의 선행요인에 관한 실증적 연구 : 공급사와의 신제품개발협력을 중심으로)

  • Lee, Younsuk;Kang, Dong-Chang
    • Journal of Korea Technology Innovation Society
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    • v.21 no.3
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    • pp.1050-1076
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    • 2018
  • In this study, we focus on identifying the determinants of improving technology collaboration performance between buyer and supplier and the impact of the determinants on new product development performance. We adopted trust, control and information sharing as the determinants of technology collaboration and the frequency of new product introduction and ratio of new product on revenue as dependent variables. We conducted hierarchical regression and mediation analysis using the data collected from 600 Korean manufacturing firms by Korean Productivity Association and Ministry of Trade and Industry in 2012. The empirical findings indicate that trust, control and information sharing are positively associated with technology collaboration performance and the degree of technology collaboration is also positively associated with both new product development performance. In addition, new product development performance is not only affected by technology collaboration but also mediated by trust. This result implies that developing social capital, trust with partner play a important role in leading to better performance by open innovation.

Factors Influencing Balanced Scorecard Application in Evaluating the Performance of Tourist Firms

  • TRUONG, Duc Dinh;NGUYEN, Hoan;DUONG, Thi Quynh Lien
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.5
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    • pp.217-224
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    • 2020
  • This study investigates the impact levels of determinants on the Balanced Scorecard application in evaluating the performance of tourism firms in Hanoi. The tourism industry not only promotes economic development, but also contributes to expanding cultural exchanges and improving people's knowledge. However, Vietnam's tourism industry is under fierce competitive pressure, with the participation of foreign enterprises, with large amount of capital, high professionalism and wide network. The rivalry is happening aggressively on many aspects such as products and human resources. Therefore, tourism firms are in urgent needs of having effective methods to evaluate its performance in order to improve business and development efficiency. This study uses data of tourism firms in Hanoi during 2018-2019. The data used for analysis and regression consists of 135 observations. We use Cronbach's Alpha, EFA and regression model to learn the effect of different variables on the Balanced scorecard application in evaluating the performance. The results show that two determinants, including internal factors of tourism firms (IF) and external factors of tourism firms (EF) had positive relationships with the Balanced scorecard application in evaluating the performance. Based on the findings, recommendations are given for improving the Balanced scorecard application in evaluating the performance of tourism firms in Hanoi.

The Performance Determinants of Chinese overseas M&A (중국기업의 해외 인수 합병의 성과 결정요인)

  • Yu, Seung-Hun
    • Management & Information Systems Review
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    • v.35 no.4
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    • pp.79-98
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    • 2016
  • A large number of Chinese enterprises have grown up and become increasingly competitive. Chinese firms have ventured abroad to search for new sources of growth. Overseas mergers and acquisitions of Chinese companies has been developed rapidly through extensive opening policy and active support system by government. The main purpose of this study is to identify the factors that affect the outcomes of overseas mergers and acquisitions made by Chinese firms in recent years, particularly, financial performance of the acquiring firms. This study aims to analyze systematically financial performance and its determinants of Chinese overseas M&A in recent years. This study chooses a sample of 167 overseas mergers and acquisitions in the manufacturing industry in China and the relevant data were collected during the period 2006 to 2012. The data were analyzed by using a multiple regression analysis to identify determinants of corporate performance. We showed that cultural distance, past performance, state ownership, and interaction between cultural distance and past performance. Findings of this study can provide useful guidance to outward Chinese M&A in the future.

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Determinants of New Service Performance in the Telecommunications Industry

  • An Jae Hyeon;Lee Dong Ju;Lee Sang Yun
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2003.05a
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    • pp.174-180
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    • 2003
  • While many telecommunications services have successfully benefited consumers, companies, and national economy. there have been more cases for telecommunications service failures. In this paper, based on the survey or 60 telecommuiucations service cases in Korea, determinants or telecommunications service performance are identified and managerial implications are derived Understanding factors contributing to the performance would provide meaningful insights into how to improve the new telecommunications service development.

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Visitors' Behavior and Satisfaction Determinants of National Park - in the Case of Gyeongju National Park - (국립공원 탐방행태 및 이용만족요인 - 경주국립공원을 사례로 -)

  • Baek, Jae-Bong;Kim, Dong-Pil
    • Journal of Korean Society of Rural Planning
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    • v.19 no.4
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    • pp.105-113
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    • 2013
  • This study aimed to provide basic data for the national park management by analysing visitors' behavior and satisfaction determinants by importance-performance analysis and estimated regression analysis through post-occupancy evaluation questionnaire method to the Gyeongju National Park visitors. It was found that facilities and use management according to place and use group, the diversity of visit program, high quality of guidance and hospitality of staffs and conservation of historic and landscape resources for Gyeongju National Park were necessary as the results of behavior analysis, importance-performance analysis. The historic landscape resources, hospitality of staffs, visit road and safety facilities, commercial facilities were important determinants of users' satisfaction as the results of regression analysis. It suggested the characteristics of Gyeongju National Park and these factors were the most important factors for the improved management.

An Empirical Study on the Business Performance Determination of Global Supply Chain Management in Petrochemical Industry (한국 석유화학산업의 글로벌 공급체인관리 사업성과 결정요인에 관한 연구)

  • Kim, Chang-Bong
    • International Area Studies Review
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    • v.14 no.1
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    • pp.141-160
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    • 2010
  • The paper examines the determinants factor and business performance of global supply chain management. Partnership and process innovation were used as proxy for the characteristics of determinants factor of global supply chain management. Agility of business performance was used as proxy for the business performance of global supply chain management. Based on the analysis of sixty eight global supply chain management cases in Oil and Chemical Industry, the following results were found. Firstly, it was found that the process partnership of determinants factor affects agility of improved business performance. Secondly, process innovation of determinants factor was not improved more agility of improved business performance. However, there were several limitations such as characteristics of process innovation and partnership, etc.

A Study on the Integrated System of the Hotel Employment Management and the Determinants of the Employment (호텔종사원의 통합적 채용관리 시스템과 채용결정요인에 대한 연구 - 채용 전문가와 지원자 간의 차이분석 -)

  • Kim, U-Jin
    • Journal of Applied Tourism Food and Beverage Management and Research
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    • v.17 no.2
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    • pp.61-94
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    • 2006
  • This study analyzes the integrated system of the hotel employment management and the differences between the persons of employment concerning and the applicants about the importance of the determinants of the employment around the five-star hotels in Seoul. Firstly, the integrated strategies are presented by 3 stages such as recruiting, selection and placement. And then the 15 determinants of the employment are derived to analyze the perceptional differences between the persons of employment concerning and the applicants about the important determinants and to present the reasons and strategical implications. The results of this study indicates that the strategy to make him/her aware of sufficient information about the hotel and job through the proper balancing demand and supply and the industry-university cooperation program order to maintain and utilize the human resource to be aligned with the business performance of the hotel.

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An Empirical Study on Performance Determinants Influencing Re-investment of Multinational Enterprises: Focusing on Multinational Enterprises which Invested Local R&D Centers in Korea (다국적기업의 재투자에 영향을 미치는 성과요인에 관한 실증 연구: 국내진출 다국적기업 중 R&D센터 보유기업을 중심으로)

  • Kim, Jae-Kyung;Lee, Bong-Soo
    • Korea Trade Review
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    • v.44 no.1
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    • pp.87-99
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    • 2019
  • Recently there are sharp increase in number of studies related with facilitation of Inward-FDI or Multinational Enterprises invested in Korea region. The most of studies are mainly purposing to survey - 1)how Korea Government makes counter plan and assistance policy to make foreign capital and Inward-FDI more attractively and aggressively, 2)what is the new framework or system for Inward-FDI policy, 3)what is economic effect of Inward-FDI, 4)what are determinants or conclusive factors of FDI in Korea. Under this situation, the goal of this report is to find out the new way for Multinational Enterprises to reinvest continuously thru getting their better investment performances on several factors including Marketing Competence, Management Ability, Localization Management Skill, Business Management Strategy, and R&D Competitiveness which would be much more important determinants influencing re-investment of Multinational Enterprises in Kora. This report based on the empirical result and comprehensive analysis will eventually help policy makers to implement the appropriate strategy and support Multinational Enterprises to proceed positive circle's re-investment activity in the end.

A New Measurement and Its Determinants for Corporate Environmental Management: An Empirical Study in Vietnam

  • TU, Anh Thuy;CHU, Phuong Thi Mai
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.8
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    • pp.487-496
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    • 2021
  • This study examines the environmental performance of firms in Vietnam and its determinants. The contribution of the paper is on both theoretical and empirical aspects. On the theoretical matter, the research proposes a new index measuring environmental management at the firm level, namely the Environmental Management Index with a clear illustration for the case of Vietnam. On the empirical matter, the study points out and estimates determinants of the corporate environmental performance of Vietnamese firms measured by the newly proposed index. Due to data availability and the impossibility of getting more updated data, the empirical analysis covers only the period from 2004-2009. However, findings are still meaningful because, on the one hand, it provides some evidence for Vietnamese policymakers; on the other hand, with the robust methodology proposed, when more recent data are available, researchers can easily replicate the estimation for more insights. Empirical results show that factors having positive impacts on the environmental performance of Vietnamese firms are profit, capital stock, and interestingly public pressure proxied by the population of the province where the firm is located. Firm ownership does also matter in explaining the corporate environmental performance of Vietnam.