• Journal of the Korean Operations Research and Management Science Society
• /
• v.39 no.4
• /
• pp.33-49
• /
• 2014

This study empirically examines the impact of firms' environmental (E), social (S), and governancial (G) factors on their short-term and long-term values. To measure firms' non-financial performance, we use ESG performance grades published by KCGS (Korea Corporate Governance Service). We employ stock log return as the proxy of each firm's short-term value, and Tobin's Q ratio as that of its long-term value. From a series of regression analyses, we find each of the ESG factors generally has a negative impact on stock return while it has a positive impact on the Tobin's Q ratio. These results imply that firms' effort for enhancing their non-financial performance may adversely affect their financial performance in a short term; but in the long-term point of view, firms' values increase through their good images engraved by their respective social, environmental and governancial efforts. In addition, we compare the relative strength of impact among E, S, G, the three non-financial factors on the firms' value measured in Tobin's Q ratio, and find that S (social factor) and G (governancial factor) give statistically significant impact on the firms' value respectively. This result tells us it would be advised to strategically embed CSV (creating shared value) pursuing both of profits and social responsibility in the firms' future agenda. While E (environmental factor) is shown to be an insignificant factor for the firms' value, it should be emphasized as a major concern by all the stakeholders in order to form a sound business ecosystem.

• Journal of the Korean Society of Environmental Restoration Technology
• /
• v.21 no.1
• /
• pp.55-71
• /
• 2018

To improve the ecological function of urban areas, the guideline for applying the Biotope Area Ratio to the Environmental Impact Assessment (EIA) was developed in 2005 and modified in the July, 2017. This study investigates whether the guideline has been actually practiced in the real world by searching reports including 648 cases of the Strategic Environmental Impact Assessment (SEIA) and 471 cases of the EIA. The results show that the 38% of SEIA and the 43% of EIA include sections about Biotope Area Ratio, and the 15% of SEIA and the 25 % of EIA are satisfied the threshold of the Biotope Area Ratio suggested by the guideline. The statistical analysis results show that this low level of practice was not improved through the modification of the guideline in 2017. This is because the guideline is forcibleness, its explanation is unclear, and stockholders' understanding of it lacks. In addition, lack of tracking management on SEIA and EIA also contributes to the low level of practice of the guideline. To promote the practice, the efforts to legislate and publicize the guideline are required.

• Asian-Australasian Journal of Animal Sciences
• /
• v.13 no.1
• /
• pp.96-114
• /
• 2000

Genetically selected beef cattle are fed high-energy diets in intensive production systems developed in industrial countries. This type of feeding can induce rumen dysfunctions that have to be corrected by farmers to optimise cost-effectiveness. The risk of rumen acidosis can be reduced by using slowly degradable starch, which partly escapes rumen fermentation and goes on to be digested in the small intestine. Additives are proposed to stabilise the rumen pH and restrict lactate accumulation, thus favouring the growth of cellulolytic bacteria and stimulating the digestion of the dietary plant cell wall fraction. This enhances the energy value of feeds when animals are fed maize silage for example. Supplementation of lipids to increase energy intake is known to influence the population of rumen protozoa and some associated rumen functions such as cellulolysis and proteolysis. The end products of rumen fermentation are also changed. Lipolysis and hydrogenation by rumen microbes alter the form of fatty acids supplied to animals. This effect is discussed in relation with the quality of lipids in beef and the implications for human health. Conditions for optimising the amount of amino acids from microbial proteins and dietary by-pass proteins flowing to the duodenum of ruminants, and their impact on beef production, are also examined.

• Journal of the Korean Society of Environmental Restoration Technology
• /
• v.18 no.6
• /
• pp.85-95
• /
• 2015

Recent years, nationwide projects for ecological restoration are implemented with emerging issues on the stream ecosystem. In order to enhance effectiveness of the ecosystem restoration and reduce negative impact, the appraisal of effectiveness through the follow-up monitoring and the adaptive management process are executed in consecutive phase. In this study, planning phase, monitoring and adaptive management in Hakui stream which is part of An Yang stream restoration project is introduced as representative ongoing case of effective adaptive management. The aim of this study is to verify the adaptive management process and suggest direction of effective restoration. Restoration project of Hakui stream resulted in increasing number and diversity of species (vegetation, fish, bird, invertbrates, amphibian and reptilia) according to monitoring from 2004 to 2013, and enhancing natural river landscape by evaluation of river naturalness among 2001(before restoration), 2007 (after), 2015 (recent). However, excessive vegetation expansion or sediment deposition on channel over time caused unexpected results such as terrestrialization or degradation of habitats. Adaptive management action such as removing disturbance species (Humulus japonicus)(2007), coppicing willow (2007), release of march snail (2007), creation of wetland (2014) were implemented based on monitoring results. And then appraisal of management action was discussed.

• Ocean and Polar Research
• /
• v.33 no.4
• /
• pp.497-506
• /
• 2011

The rapid industrial and technological development has made the human activities for the utilization of marine resources more complex. Marine spatial management is a space-based approach. It is a comprehensive and integrated management approach. The ultimate goal of marine spatial management is the "sustainable use" of marine resources. The partial approach is applied in the existing marine spatial management, mainly coastal zones which involves integrated approach. Also this showed various limitations including restricted mostly to coastal zones, and limitation to implementation tools. However, for marine spatial management to have a reasonable approach that attaches importance to the relationship between humans and the holistic ecosystem, it is important to internalize a central principle in marine spatial management that focuses on the sustainable use of marine resources. In the present study, four central principles are proposed that will eventually be applied through marine spatial management planning tools. These principles are 1) the establishment of a cooperative decision making and planning system that is based on stakeholder participation; 2) scientific assessment of the current status and impact on the basis of ecology, sociology, and economics; 3) reasonable and optimal spatial assignment based on the forecasting of future-use characteristics and environmental changes; and 4) ascribing importance to the implementation of the results of rational planning processes.

• The Korean Journal of Ecology
• /
• v.25 no.1
• /
• pp.19-24
• /
• 2002

The traditional Japanese agricultural landscape, In which a set of varied land-use patches functions as a sustainable ecosystem landscape unit, not only provides the local people tilth a stable food supply, but also offers a variety of habitats to many species of wildlife. Therefore, remaining natural habitats including those in the traditional agricultural landscape should be maintained whenever possible. In addition, restoration work should be implemented in areas where the natural habitat has been destroyed or severely degraded by human activities. This basic approach to the natural environment is a combination of maintenance and restoration. Types of maintenance and restoration can be classified into three categories according to the countermeasures employed: preservation, conservation and protection types of maintenance, and improvement, reconstruction and creation types of restoration. Four steps are proposed for ecological restoration and maintenance of a target area: exploration, diagnosis, prescription and care. In this process, a model for approaching the goal is important. One of the most important models should center on the traditional agricultural landscape involving a sustainable farming ecosystem. It is necessary to protect traditional landscapes and ecosystems from the degrading impact of urbanization and industrialization, as well as to enhance efforts at restoration.

• Journal of the Korean earth science society
• /
• v.40 no.4
• /
• pp.315-328
• /
• 2019

Since the Coastal Zone Color Scanner (CZCS)/Nimbus-7 was launched in 1978, a variety of studies have been conducted to retrieve ocean color variables from multi-satellites. Several algorithms and formulations have been suggested for estimating ocean color variables based on multi band data at different wavelengths. Chlorophyll-a (chl-a) concentration is one of the most important variables to understand low-level ecosystem in the ocean. To retrieve chl-a concentrations from the satellite observations, an appropriate algorithm depending on water properties is required for each satellite sensor. Most operational empirical algorithms in the global ocean have been developed based on the band-ratio approach, which has the disadvantage of being more adapted to the open ocean than to coastal areas. Alternative algorithms, including the semi-analytical approach, may complement the limits of band-ratio algorithms. As more sensors are planned by various space agencies to monitor the ocean surface, it is expected that continuous monitoring of oceanic ecosystems and environments should be conducted to contribute to the understanding of the oceanic biosphere and the impact of climate change. This study presents an overview of the past and present algorithms for the estimation of chl-a concentration based on multi-satellite data and also presents the prospects for ongoing and upcoming ocean color satellites.

• Advances in environmental research
• /
• v.7 no.3
• /
• pp.161-175
• /
• 2018

Krishna River is significantly affected due to Srisailam dam from past 30 years. The impact of this hydraulic structure drastically reduced the minimum flow regime on the downstream, which made the river nearing to decaying stage. In the present paper, Environmental Flow called minimum flow values released for the dam are estimated with the help of three hydrological methods viz., Range of variability Approach (RVA), Desktop Reserve Model (DRM), and Global Environmental Flow Calculator (GEFC). DRM method suggested considering the intermediate values obtained from among the three methods to preserve the ecosystem on the downstream of the river, which amounts to an average annual allocation of 9378 Million Cubic Meter (MCM) which is equal to 23.11% of mean annual flow (MAF). In this regard GEFC and RVA methods accounted for 22% and 31.04% of MAF respectively. The results indicate that current reservoir operation policy is causing a severe hydrological alteration in the high flow season especially in the month of July. The study concluded that in the case of non-availability of environmental information, hydrological indicators can be used to provide the basic assessment of environmental flow requirements. It is inferred from the results obtained from the study, that the new reservoir operations can fulfil human water needs without disturbing Environmental Flow Requirements.

• Journal of the Korean GEO-environmental Society
• /
• v.20 no.12
• /
• pp.33-39
• /
• 2019

The upsurge of population, internal migration, economic activities and developmental works has brought significant land use and land cover (LULC) change over the period of 1990 and 2010 in the Bagmati basin of Nepal. Along with alteration on various other ecosystem services like water yield, water quality, soil loss etc. carbon sequestration is also altered. This study thus primary deals with evaluation of LULC change and its impact on the soil carbon storage for the period 1990 to 2010. For the evaluation, InVEST (Integrated Valuation of Ecosystem Services and Tradeoffs) Carbon model is used. Residential and several other infrastructural development activities were prevalent on the study period and as a result in 2010 major soil carbon reserve like forest area is decreased by 7.17% of its original coverage in 1990. This decrement has brought about a subsequent decrement of 1.39 million tons of carbon in the basin. Conversion from barren land, water bodies and built up areas to higher carbon reserve like forest and agriculture land has slightly increased soil carbon storage but still, net reduction is higher. Thus, the spatial output of the model in the form of maps is expected to help in decision making for future land use planning and for restoration policies.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.1
• /
• pp.551-562
• /
• 2021

Strategic management of universities is crucial for the regional competitiveness due to the high impact of universities on the economic growth of regions through entrepreneurial training and support. The study aimed to investigate the HEInnovate self-assessment tool, valuable in building entrepreneurship-oriented strategy, by considering the case of Turan University. The tool can be used to study entrepreneurial capabilities of the university and make strong management decisions. The self-assessment allows getting feedback from all stakeholders, including external ones, which helps to make institutional changes to influence the regional economic growth. The framework of the research is based on the theories of strategic management and regional competitiveness, which can be deployed with the HEInnovate self-assessment recommendations and findings. The research methodology comprises objective and functional approaches to system analysis. HEInnovate self-assessment by Turan university revealed some weaknesses in the university strategy and helped make some recommendations, namely, the university's entrepreneurial ecosystem must act as part of a regional business support ecosystem to provide input into local economic development, attract more international faculty and faculty with more practical experience, create an entrepreneurial culture across staff of the university, address a lack of internal structures to support staff, and improve university-business cooperation.