• Title/Summary/Keyword: corporate characteristics

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A Global Perspective on Green Sustainability, Corporate Reputation, and Technological Strength for Firm Performance Across Countries

  • Lee, Jooh
    • Journal of Distribution Science
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    • v.10 no.8
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    • pp.15-23
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    • 2012
  • This study is an attempt to explore the nature and characteristics of strategic impact of green strategy by environmental capital, corporate reputation, and technology strengths on the firm's performance across countries. The main question addressed in this paper relates to how corporate sustainability, corporate reputation, technology strength, and capabilities influence the firm's economic performance with respect to diverse dimensions of performance measures including sustained growth through the leading firms across countries in the United States, Canada, Europe, and Asia-Pacific countries. Particularly, this study attempts to empirically explore the directions and magnitudes of the operational links between new emerging strategic core competencies (e.g., sustainability green strategy by environmental focus for more sustainable path, corporate reputation by corporate social responsibility and image enhancement, and technology strengths to develop a new product and market) and the firm's economic performance with respect to diverse dimensions of performance such as accounting (ROE and EOA) - and market-based performance (Market value and Tobin's q). Considering all possible limitations that might exist with regard to selected samples and methods, this study demonstrates that environmental sustainability, corporate reputation, technological capabilities and competencies through R&D intensity and patent are most likely to be significantly associated with most market-based performance measures, but the strategic significance of other variables such as capital intensity, leverage, and administrative cost efficiency on performance tends to be different depending on which performance measure is used across different countries with diverse economic and business contexts.

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Hysteresis Behavior in Pentacene Organic Thin-film Transistors

  • So, Myeong-Seob;Suh, Min-Chul;Koo, Jae-Bon;Choi, Byoung-Deog;Choi, Dae-Chul;Lee, Hun-Jung;Mo, Yeon-Gon;Chung, Ho-Kyoon
    • 한국정보디스플레이학회:학술대회논문집
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    • 2005.07b
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    • pp.1364-1369
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    • 2005
  • In this paper, we have identified the mechanism of C-V hysteresis behavior often observed in pentacene organic thin-film transistors (OTFTs). The capacitance-voltage (C-V) characteristics were measured for pentacene OTFTs fabricated on glass substrates with MoW as gate/source/drain electrode and TEOS $SiO_2$ as gate insulator. The measurements were made at room temperature and elevated temperatures. From the room temperature measurements, we found that the hysteresis behavior was caused by hole injection into the gate insulator from the pentacene semiconductor for large negative gate voltages, resulting in the negative flat-band voltage shift. However electron injection was observed only at elevated temperatures

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Corporate Social Responsibility and Information Asymmetry in the Korean Market: Implications of Chaebol Affiliates

  • Yoon, Bohyun;Lee, Jeong-Hwan
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.21-31
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    • 2019
  • This paper examines how corporate social responsibility is related to the degree of asymmetric information in the Korean financial market. Recent theory argues that there is a negative relationship between a firm's corporate social responsibility and its information asymmetry. To test this hypothesis, we use the environment, social and governance (ESG) score, published by the Korean Corporate Governance Service, to proxy a firm's management practices toward socially responsible activities. In the entire sample of the Korean firms, we find contrasting results; the ESG score shows negative relationships with the price impact measure but statistically insignificant relationships with the dispersion of analyst forecasts. However, the ESG score shows negative relationships with both measures when we exclude chaebol affiliates from the sample. These findings are robust when we examine environmental, social and corporate governance scores separately. This set of results argues for the extant theory, expecting a negative relationship between a firm's engagement in corporate social responsibility and asymmetric information. It further argues for the importance of firm characteristics in determining the influence of socially responsible activities.

Effect of Social Media PR Marketing on Corporate Brand Expansion (소셜미디어 홍보마케팅이 기업브랜드 확장에 미치는 영향)

  • Jeon, In-Oh
    • Journal of Digital Convergence
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    • v.12 no.8
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    • pp.157-173
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    • 2014
  • In this study, how social media PR marketing affect corporate brand expansion was studied. this study consist of 5 chapters; needs and purposes in 1st, concept& characteristics, development processes, needs of social media and merits&demerits as marketing tool in 2nd. concept& characteristics and merits&demerits of corporate brand expansion in 3rd. examples of social media marketing in domestic&foreign and current statuses in 4th. In final, conclusion of the effect of social media PR marketing on corporate brand expansion were presented in each chapter.

Factors Influencing Corporate Donations Among Shariah-Compliant Companies in Malaysia

  • SHAARI, Nur Diyana Izzati Mohamed;ALI, Mazurina Mohd;HASNAN, Suhaily;AHMAD, Nassr Saleh Mohamad
    • The Journal of Asian Finance, Economics and Business
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    • v.10 no.1
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    • pp.145-156
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    • 2023
  • Within the context of publicly traded Sharia-compliant companies in Malaysia, this study investigated the influence that board and company characteristics have on corporate donations. The primary focus of the study was (i) two board characteristics derived from upper echelons theory, namely gender composition and education level, and (ii) four firm variables derived from stakeholder theory, specifically company size, profitability, leverage, and industry category. This study used a total of 402 Shariah-compliant companies that operated in accordance with Shariah law. The information utilized in this study was culled by hand from the annual reports of various companies covering the years 2017 through 2019. According to the findings, the educational level of a company's board of directors has a significant impact on the amount of money donated to charitable organizations by Shariah-compliant companies. The level of expertise possessed by board members can be of assistance to businesses in becoming more aware of the necessity of making contributions or donations. Corporate contribution practices among Shariah-compliant companies in Malaysia were also significantly influenced by the firm's size, profitability, and the industry category in which the business was classified. The findings of the study contribute to a better understanding of the impact that board and company variables have on the activities of corporate donors.

A Study on Corporate Record Types and Retention Periods : Focusing on Legal Analysis (기업 기록 유형과 보존기간 연구 법령 분석을 중심으로)

  • Oh, SungJin
    • The Korean Journal of Archival Studies
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    • no.79
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    • pp.389-442
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    • 2024
  • In order to establish a corporate records schedule, this study identifies the types of records and retention periods specified by domestic laws for companies to retain, reviews the significance and characteristics of the results, and proposes establishing a corporate records schedule. To this end, this study identified the company's management activities, prepared a record survey for legal analysis, and extracted the record types and retention periods necessary for the company's management activities through a review of various laws. Next, this study looked at the meaning and characteristics of the types of records and retention periods required by companies. Finally, based on the analysis results, a method for establishing a corporate record processing schedule was proposed.

Impacts of Small and Medium Enterprises' Recognition of Social Media on Their Behavioral Intention and Use Behavior (중소기업의 소셜미디어에 대한 인식이 활용의도 및 실제 활용에 미치는 영향 - 기업특성의 조절효과를 중심으로 -)

  • Lee, Jung Woo;Kim, Eun Hong
    • Journal of Information Technology Services
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    • v.14 no.1
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    • pp.195-215
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    • 2015
  • Recently, as the number of smart-phone users has been rapidly increased, enterprise managers have a keen interest in business application of social media. Most previous studies have focused on perspective of the individual unit of analysis instead of enterprise level unit. The study is focused on the relationship between the enterprises' recognition and behavioral intention (and use) about social media application. The purpose of this study is to develop the model of small and medium enterprises' social media application, and to find the factors affecting their behavioral intention or use behavior. The moderating effects of four corporate characteristics on the relationship between the enterprises' recognition and behavioral intention are also examined. We surveyed 900 corporate staffs and received 203 responses. After questionnaires with unreliable responses had been excluded, 182 effective samples were used in the final analysis. The findings suggest that Performance Expectation, Social Influence, Facilitating Conditions significantly affect Behavioral Intention of social medea, and Behavioral Intention affects USE. Furthermore, some corporate characteristics have moderating effect on the relationship between recognition of social media and Behavioral Intention.

An Empirical Study on Determinants of the Variability in Effective Tax Rates in Response to Corporate Tax Law Changes (세법변경에 따른 유효세율 변동성의 결정요인에 관한 실증연구)

  • Lee In-Jae;Roh Hyun-Sub;Kim Tae-Soo
    • Management & Information Systems Review
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    • v.11
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    • pp.91-109
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    • 2002
  • This study provides evidence on the determinants of variability in corporate ETRs(effective x rates). Specially, this study examined the association between ETRs, firm size, and variables proxying for firms' capital structure and asset mixes, while controlling for firms' profitability. Overall, results suggest that ETRs are associated with many firm-specific characteristics such as size, capital structure, asset mix, and profitability, and that some of these associations continued after Corporate Tax Law changes. In addition, although the results indicate that the association between ETRs and firm-specific characteristics have undergone a shift since tax law change, these firm-specific characteristics have continued to be associated with ETRs.

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A Study on the Disposal and Purchase of Corporate Real Estate Assets (기업의 부동산 자산 매각과 매입에 관한 연구)

  • Lee, Ji Hye;Choi, Young Sang;Byun, Hee Sub
    • Korea Real Estate Review
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    • v.27 no.3
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    • pp.23-40
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    • 2017
  • This study examined the motive and incentive for the disposal and purchase of corporate real estate assets based on the various firm characteristics. It was empirically found that firms with a higher leverage ratio, lower cash holdings, and lower sales growth are more likely to dispose of their real estate assets. This implies that financial constraints, internal reserves, and growth opportunities are important factors affecting the corporate decisions regarding the disposal of real estate assets. Meanwhile, it was found that firms with a lower leverage ratio have a higher probability of purchasing real estate assets, suggesting that a stable financial structure enables firms to acquire more of such assets. Using the transaction amount of corporate real estate assets, consistent results were found. While varied opinions on the utilization of corporate real estate assets have been raised, this study broadened the understanding of such by performing rigorous analyses. The result of this study would have practical implications in terms of the introduction of regulations or the establishment of business strategies related to corporate real estate assets.

The Effect of ESG Ratings on the Value of Chinese Listed Companies (ESG 영역별 평가등급이 중국 상장기업 가치에 미치는 영향)

  • Dong, Meng;Baek, Kang
    • Asia-Pacific Journal of Business
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    • v.13 no.1
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    • pp.153-166
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    • 2022
  • Purpose - ESG(Environmental, Social and Governance) rating is an indicator to predict the sustainable development and long-term value creation of enterprises, which is becoming more and more important. This study divided the ESG rating into each sector(E, S and G) to identify which ESG elements are effective in enhancing enterprise value according to the characteristics of the enterprise, which is different from previous studies. Design/methodology/approach - In this study, Bloomberg ESG Disclosure Score was used to empirically analyze the relationship between ESG ratings and corporate value by taking the listed companies of China's Shanghai Composite Index from 2017 to 2020 as the object. Findings - First, the relationship between ESG ratings and enterprise value shows a statistically significant positive correlation, which supports the results of previous studies. Second, the analysis results from the classification of ownership structure of enterprises (state-owned enterprises and non-state-owned enterprises) show that compared with state-owned enterprises, the ESG ratings of non-state-owned enterprises is more closely related to enterprise value. Third, the analysis of various industries (manufacturing and non-manufacturing) shows that compared with manufacturing, ESG scores of non-manufacturing has a more positive effect on enterprise value. Lastly, the analysis by industry type (heavy-contaminated companies, non-contaminated companies) confirmed that ESG scores of non-contaminated companies has a positive effect on corporate value than heavy-contaminated companies. Research implications or Originality - This study classified ESG evaluation grades(E, S and G) for listed companies in China and analyzed in detail how they affect corporate value according to corporate characteristics, drawing implications for what ESG indicators should be focused on to increase corporate value.