• Title/Summary/Keyword: Theory Use

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Mediating Role of Liquidity Policy on the Corporate Governance-Performance Link: Evidence from Pakistan

  • TAHIR, Safdar Husain;SADIQUE, Muhammad Abu Bakar;SYED, Nausheen;REHMAN, Faiza;ULLAH, Muhammad Rizwan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.15-23
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    • 2020
  • Based on the theoretical underpinnings of the agency theory and liquidity theory, the purpose of this study is to show how managers who want to enhance the performance of Pakistan's non-financial sector can use liquidity policy in relation to corporate governance. Nowadays, Pakistan is facing a severe liquidity crisis; this study contributes by examining the mediating role of liquidity on the link of corporate governance-performance. We use data from 63 firms from 2010 to 2018, excluding 17 outliers. To analyze the data, we use the Seemingly Unrelated Regression (SURE) model and nlcom-Stata test. Our findings support the mediating role of liquidity on the link between corporate governance and performance. In addition, the results show that corporate governance improves performance. Furthermore, the study supports a significant positive association of liquidity and performance. For robustness, we use two performance variables - return on assets (ROA) and Tobin's q (TQ) - where ROA represents full mediation and TQ indicates partial mediation. This study helps to use liquidity policy to strengthen the inside and outside dimensions of corporate governance mechanisms that improve the performance of firms. Overall, these findings suggest better disclosure, transparency, and solutions to auditing issues that add value to the firms.

A Study on the Correlationship between Spatial Structure and Shop Composition in Mixed-Use Facilities - Focused on the Typological Analysis about Lower Part of the Facilities Built After the Year 2000 - (복합상업시설 실내 공간구조와 매장구성 성향간 상관성 분석 - 2000년대 건립사례 저층부의 유형학적 분석을 중심으로 -)

  • Hyun, Chang-Yong
    • Korean Institute of Interior Design Journal
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    • v.26 no.6
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    • pp.62-70
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    • 2017
  • This study has a purpose that definitize correlationship of spatial structure and sales strategies in mixed-use complexes which established in Korea since year 2000. For this purpose, this study tries to analysis spatial structure of mixed-use facilities through space syntax theory and makes an typological categorization based on their space composition. As a result of categorization, Korean mixed-use facilities can be classed as three types. First type is integrated stacking type. Second one is parallel connecting type. Third type is room to room type. According to differences between categories, their spatial structures show different meaning with different sales strategies. Integrated stacking type sales luxury brands and expensive stuffs and it also has deep and complicated structure. That means theses spaces usually make a strategy of exclusion. Parallel connecting type sales special categories and it also has shallow and easy spatial structure. That means these facilities want to make a smooth connection between apposed volumes. Room to room type sales cheap and fancy objects and it also has simple and shallow structure. That means simple spatial structure can be lead contact customer to stuffs. These results mean spatial structure have a effect on design of sales space.

Determinants of Continuous Intention-to-Use on NTIS: Perspectives of UTAUT and TTF Model (국가과학기술정보서비스플랫폼 NTIS 지속적 사용의도 결정요인에 관한 연구: UTAUT 및 TTF모형을 중심으로)

  • Choi, Eun Bin;Son, Dal Ho
    • The Journal of Information Systems
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    • v.31 no.2
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    • pp.197-216
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    • 2022
  • Purpose In this study, in order to understand the effects of NTIS users' behavioral scientific behaviors and determinants, an integrated model of the UTAUT(Unified Theory of Acceptance and Use of Technology) model and TTF(Task-Technology Fit) model, which are frequently used MIS field, was presented and empirical analysis was conducted. Design/methodology/approach In this study, an online survey was conducted on researchers from organizations carrying out national R&D projects, institutions, universities, and dedicated management institutions and the collected data verified hypotheses established using the SPSS 25.0 statistical package and structural equation model using AMOS. Findings The results showed that NTIS users' business activities had a positive(+) effect on task-technology fit and task-technology fit had a positive(+) effect on performance expectation, effort expectation, and continuous intention-to-use intention. In addition, the performance expectation, effort expectation, and promotion conditions presented in research model had a positive(+) effect on the continuous intention-to-use. The research results derived through this study are expected to contribute substantially to subsequent research in the field related to information sharing platforms.

A Study on Use of Psychotherapy and Korean Medicine for Eastern Philosophy -Focus on Diagram Theory of InShimDoShim of Yulgok (유학 심성론의 심리치료와 한의학적 활용에 대한 소고 -율곡의 인심도심도론을 중심으로-)

  • Lee, Jung Hwan;Chung, Sun-Yong;Kim, Jong-Woo
    • Journal of Oriental Neuropsychiatry
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    • v.29 no.3
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    • pp.165-181
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    • 2018
  • Objectives: The purpose of this study is to use in therapy through considering representative oriental philosophical thought in terms of psychotherapy and Oriental medicine. Methods: This study examines psychotherapy and oriental aspects of "Diagram theory of InShimDoShim" that Yulgok, a Neo-Confucian scholar in the Joseon Dynasty, wrote about action of the mind and suggests ways to use it. Results and Conclusion: Diagram theory of InShimDoShim contains much content that can be applied in psychotherapy. It has a positive perspective of human nature and looked at life as realization of nature and life as subjective self-realization. Positive and negative experiences of life are expressions of positive nature. By reinterpreting these experiences, humans contribute to the goal of life that expresses their nature in a healthy way. Yulgok defines a healthy mind capable of living a good life as "an inshim who listens to doshim's command". Therapists can adopt this mindset as the goal of psychotherapy. Yulgok said that the way of manifesting nature is only possible through energy, and that the clear and tidy of this temperament creates a healthy and unhealthy mind. In this part, it is possible to apply therapeutic intervention of the diagram theory of InShimDoShim and Oriental medicine. Oriental medicine can calm temperament by using a treatment method to regulate energy, and clear energy creates a healthy mind and body. The principle that the mind is composed of nature and energy provides a basis for psychosomatic medicine.

A Study on Calender(曆法) appeared in "Hwangje-Naegyeong(黃帝內經)" ("황제내경(黃帝內經)"의 역법(曆法)에 관(關)한 연구(硏究);"황제내경(黃帝內經)"의 역법(曆法)과 진한시대(秦漢時代) 역법(曆法)의 비교(比較), 고찰(考察))

  • Kim, Shin-Hyung;Jang, Woo-Chang;Jeong, Chang-Hyun
    • Journal of Korean Medical classics
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    • v.20 no.1
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    • pp.113-123
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    • 2007
  • The astronomical understanding of the heavens in "Hwangje-Naegyeong" can be divided into three main fields: the theory of cosmos, astronomy and calender. "Hwangie-Naegyeong" comprised the theory of cosmos, astronomy and calender established in the Han period. Astronomy was to describe the heavenly world and to interpret its phenomena. Calendar was to make numerical representations of the observations of all kinds of celestial bodies and to give them number-mystical meanings. Theory of cosmos treated what ancient Chinese speculated on the structure of the heavens including the earth. These three fields developed independently. However, they can also be be combined into one tradition, the astronomical knowledge. In the Han period that the astronomical knowledge grew from the mere accumulation of primitive knowledge to the established form. Throughout the Chinese history, the essential contents of astronomical knowledge including the theory of calendar, did not change much from what they were in Han period. "Hwangje-Naegyeong" use the lunisolar calendar(太陰太陽曆) and the Calendar in the late Han period(後漢四分曆). The use of the subdivisions of the seasons(24節氣) and the leap month(閏月) in "Hwangje-Naegyeong" means that it adopted the lunisolar calendar. Also "Hwangje-Naegyeong" adopted the Calendar in the late Han period by the four points: "Hwangje-Naegveong" ruled the circulation of the universe(周天度數) at 365, 1/4 terms, use the The Twenty Eight Constellations in astronomical observation, view the heavenly body by the ecliptic(黃道) and mark down year by the Heavenly Streams & Earthly Branches(干支紀年), The 24 solar terms is made by amount of Yang-Gi(陽氣) and samyum and samyang(三陰三陽) represent the amount of Yang-Gi in the earth.

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A Study on the Relationship Between Depressive Symptoms and Alcohol Use - Focusing on 'Tension Reduction Theory' and 'Intoxication Theory'- (우울과 음주의 관계에 대한 연구 - '긴장감소가설'과 '독성가설'에 대한 검증을 중심으로 -)

  • Kahng, Sang-kyoung;Kwon, Tae-yeon
    • Korean Journal of Social Welfare Studies
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    • no.36
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    • pp.253-280
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    • 2008
  • Previous research indicates that depressive symptoms and alcohol consumption are highly correlated with each other. However, there is lack of consensus on the causal relationship between depressive symptoms and alcohol use. In order to address this limitation, this paper examines causal relationship between the two variables using non-recursive structural equation modeling, controlling sociodemographic and psycho-socio-behavioral variables. Data included 14,469 community dwelling individuals who participated in Korea Welfare Panel Study in 2006. Results showed that the effects of alcohol consumption on depressive symptoms was statistically significant, whereas the effects of depressive symptoms on alcohol consumption was not. Significant portions of the effects of psycho-socio-behavioral variables on depressive symptoms were indirect through their effects on alcohol consumption. Based on the results, implications for intervention and future research were discussed.

Hospital's Financing Behaviors Based on Comparative Analysis of Trade-off Theory and Pecking Order Theory (상충관계이론과 자본조달순위이론에 기초한 병원 자본조달행태 분석)

  • Kim, Jai-Myung;Ham, U-Sang;Ahn, Young-Chang
    • Korea Journal of Hospital Management
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    • v.11 no.2
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    • pp.61-86
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    • 2006
  • Based on a previous literature about hospital capital structure(Shyam- Sunder & Myers, 1999), this study attempted comparison and analysis on whether the forecast of trade-off and pecking order theory could be validated in hospital's capital structure. First, this study analyzed whether hospitals follow the priority for each capital source as suggested by pecking order theory under lack of capital running in hospital. Next, it analyzed whether debt level is regressed on the average to target debt level so as to verify the validity of trade-off theory. Finally, it also analyzed possible associations between debt level and determinants of capital structure as adopted in static trade-off theory, so as to verify relative advantages of these two theories about hospital capital structure. The analysis over whole period showed that both trade-off theory and pecking order theory isn't supported particularly. This mean that each hospital's financing behaviors is different and that has not dominant financing behaviors. In the midst of separation of dispensary from medical practice, medical institutions in Korea first finances funds required using retained earnings and then use liabilities. however pecking order theory is supported, the preference of long-term liabilities and short-term liabilities is not clear. In addition, considering that debt level is in no average regression to target debt ratio, it is found that hospital capital structure following trade-off theory turns into that subject to pecking order theory via the separation of dispensary from medical practice.

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A Study on the SamJae Theory(三才思想) as a Philosophic Background of Medical Ethics (의료(醫療) 윤리(倫理) 배경 철학으로서의 삼재(三才) 사상(思想)에 대한 연구(硏究))

  • Baek, Jin-Ung
    • Journal of Society of Preventive Korean Medicine
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    • v.11 no.1
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    • pp.55-64
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    • 2007
  • This study was carried out to examine that the SamJae Theory(三才思想) was applied for a philosophic background of medical ethics. SamJae theory is not the system of three categories, which is unlike to the meaning of the word 'Sam(三)', but it is the system of two categories with 天(陽) and 地(陰) which are dividing all creations and phenomenons in the universe into two. Nevertheless, the reason why we divide all the universal creations and phenomenons into three, 天, 地 and 人, and also why we give a name 'SamJae' to this theory using the word 'Sam' meaning three, is to emphasize the human free volition that comes from the independent human life in the universe composed of 天(陽) and 地(陰). In other word, the core concept of SamJae theory is not 天(陽) and 地(陰) but 人 which symbolize the independent free volition of human. Therefore, if we try to use SamJae theory as a philosophic background of medical ethics, we can establish a comprehensive theoretical system including the existing ethical theories such as utilitarianism.

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RISK-INFORMED REGULATION: HANDLING UNCERTAINTY FOR A RATIONAL MANAGEMENT OF SAFETY

  • Zio, Enrico
    • Nuclear Engineering and Technology
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    • v.40 no.5
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    • pp.327-348
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    • 2008
  • A risk-informed regulatory approach implies that risk insights be used as supplement of deterministic information for safety decision-making purposes. In this view, the use of risk assessment techniques is expected to lead to improved safety and a more rational allocation of the limited resources available. On the other hand, it is recognized that uncertainties affect both the deterministic safety analyses and the risk assessments. In order for the risk-informed decision making process to be effective, the adequate representation and treatment of such uncertainties is mandatory. In this paper, the risk-informed regulatory framework is considered under the focus of the uncertainty issue. Traditionally, probability theory has provided the language and mathematics for the representation and treatment of uncertainty. More recently, other mathematical structures have been introduced. In particular, the Dempster-Shafer theory of evidence is here illustrated as a generalized framework encompassing probability theory and possibility theory. The special case of probability theory is only addressed as term of comparison, given that it is a well known subject. On the other hand, the special case of possibility theory is amply illustrated. An example of the combination of probability and possibility for treating the uncertainty in the parameters of an event tree is illustrated.

Motivational Factors Affecting Intention to Use Mobile Health Apps: Focusing on Regulatory Focus Tendency and Privacy Calculus Theory (모바일 헬스 앱 사용의도 동기요인: 조절초점성향과 프라이버시계산이론을 중심으로)

  • So, Hyeon-jeong;Kwahk, Kee-Young
    • Knowledge Management Research
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    • v.22 no.2
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    • pp.33-53
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    • 2021
  • Use of mobile apps being extended, privacy concern on the side of the users is increased while they are willing to provide the private information to use the apps. In this study, we tried to identify the motivating elements that influence the users' intention to use the apps, based on the tendency towards regulatory focus and the privacy calculus theory. To verify the study model, we collected data from 151 adults who use health apps throughout the country, and analyzed the data using the PLS-SEM method. According to the result of the study, it was turned out that tendency towards promotion focus had negative impact on privacy concern and privacy danger, and tendency towards prevention focus had positive impact on privacy concern. Privacy concern had negative impact on the intention to use the mobile apps, and privacy benefit and privacy knowledge had positive impact on the intention to use the mobile apps. Finally, the intention to use the mobile apps had positive impact on the intention to continue to use the mobile apps. In this study, we identified different impacts of two types of tendency towards regulatory focus on privacy concern, and identified different influences on the intention to use the mobile apps accordingly.