• 제목/요약/키워드: executives

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Korean Executive Trust, Social Responsibility, and Financial Performance: A Moderated Mediation Model

  • Jang, Sumi
    • 아태비즈니스연구
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    • 제12권1호
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    • pp.1-24
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    • 2021
  • Purpose - The purpose of this study is to explore the impacts of Korean executives' trust on a firm's corporate social responsibility (CSR) activities and corporate financial performance (CFP), which depends on their individual social responsibility (ISR). Design/methodology/approach - A survey was conducted, and 273 Korean executives were recruited. I used SPSS version 25.0, AMOS version 26.0, SmartPLS version 3.2., and PROCESS Macro 3.4. to analyze the moderated mediation model. And, the Structural Equation Modelling (SEM) was employed to confirm the proposed relationships in the model. Findings - The results show that Korean executives' trust is positively related to CSR. I also found that Korean executives' trust is positively related to CFP. Moreover, I found that there is a mediating effect of a firm's CSR activities on the trust-CFP relationship. However, I didn't find conditional indirect and direct effects on the relationships among the proposed constructs. The findings overall suggest that Korean executives' trust is such an important mechanism that will affect firm-level CSR and CFP. Research implications or Originality - Although prior studies reveal that executives' trust in their subordinates positively influences cooperation, creativity, and innovation among subordinates in a team, it is still unclear whether executives' trust in their employees or strangers impacts firm-level CSR and CFP. Moreover, not many studies examined the mediating effect of CSR on executives' trust and CFP especially in the Korean context. Therefore, this study intends to fill the knowledge gap by focusing on South Korea. This study also contributes to extant CSR and trust literature, and practically contributes to executives, policy makers, and practitioners in South Korea.

Top-executives Compensation: The Role of Corporate Ownership Structure in Japan

  • Mazumder, Mohammed Mehadi Masud
    • The Journal of Asian Finance, Economics and Business
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    • 제4권3호
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    • pp.35-43
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    • 2017
  • This paper explores the impact of corporate control, measured by ownership structure, on top-executives' compensation in Japan. According to agency theory, the pay-performance link is expected to be affected by the firm's ownership structure. Using a sample of 4,411 firm-year observations (401 firms for the 11-years period from 2001 to 2011) for Japanese non-financial firms publicly traded on the first section and second section of the Tokyo Stock Exchange (TSE), this study demonstrates that institutional ownership (both financial and corporate) is negatively related to the level of executives' compensation. Such finding is in line with efficient monitoring hypothesis which claims that the presence of institutional shareholders provides direct monitoring over managers, limits managerial self-dealing and curves the increase in top-executives pay. On the other hand, the results also show that managerial ownership is positively related to their compensation which supports managerial power theory hypothesis, i.e. management-controlled firms are more likely to extract more compensation from the business than other firms. Overall, this study confirms that corporate control has significant impact on cash compensation paid to Japanese top-executives after controlling the conventional pay-performance relationship.

Impact of Big Five Model on Leadership Initiation in Critical Business Environment Among Marketing Executives

  • MIRALAM, Mohammad Saleh;ALI, Nasir;JEET, Vikram
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.507-517
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    • 2020
  • The present research intends to examine the relationship between the Big Five personality traits and leadership initiations among the marketing executives in Delhi NCR (INDIA), and seeks to uncover the predictors of leadership initiations within personality traits. The data are collected through online survey method using different social media platforms. A sample of 233 (male =136 and female =97) marketing executive's responses were included. The data collected with the help of self-reported Big Five model inventory and leadership initiation test. The collected data were analyzed statistically by using descriptive statistics, correlation. and stepwise multiple regression analysis. The results revealed that the age of respondents inversely correlated with leadership initiation. Neuroticism revealed significant inverse correlation with leadership initiation, whereas significant positive correlations were found between extraversion, conscientiousness, agreeableness, and leadership initiations, while openness to experience revealed insignificant positive correlation with leadership initiation. Extraversion and conscientiousness appeared as the most dominant personality traits among marketing executives, irrespective of gender, that positively influenced leadership initiation and appeared as the predictor of leadership initiation. In male executives extraversion and age emerged as the predictors of leadership behavior, while in female executives extraversion and openness to experience personality traits appeared as the predictors of leadership initiation.

The Effect of Corporate Social Responsibility on Religiosity, Individual Social Responsibility, and Corporate Financial Performance in South Korea

  • JANG, Sumi
    • 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.

중역정보 시스템의 활용에 관한 실증연구 (An Empirical Investigation for EIS Utilization:On the Basis of TAM)

  • Kim, Jong-Weon
    • 한국정보시스템학회지:정보시스템연구
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    • 제6권1호
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    • pp.257-291
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    • 1997
  • Today, executives in the company operate their organizations under highly competitive environments with dynamic technological, economic, and political changes. Under these new environment changes, they play the important role in establishing the future directions and strategic orientations of organizations. In general, executive information systems (EIS) are designed to support these roles of executives. They can help executives access and use the information they require about the organization's internal and external environments. In spite of such potential EIS support for executives, only a limited number of empirical studies have been published in this area. by employing a well-established theory of computer usage behavior (Technology Acceptance Model : TAM), this study systematically investigates the key factors in the successful utilization of an EIS. The empirical results from this study may prove useful for both IS researchers and practitioners.

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경영자의 개인창의성이 기업 혁신성과에 미치는 영향: 연구조직의 기업가지향성과 기술혁신지향성의 매개효과를 중심으로 (The Effect of Creativity of Executives on Innovative Performance of Firms: Focusing on the Mediating Effects of Entrepreneurial Orientation and Technological Innovation Orientation of Research Organization)

  • 신주훈;조근태;박상혁
    • 벤처창업연구
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    • 제13권1호
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    • pp.73-87
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    • 2018
  • 창의성, 기업가정신, 기술혁신 지향성향 등은 기술혁신을 실현하기 위한 핵심적인 요인이다. 기업의 기술혁신을 주도하는 주체는 경영자이다. 햄브릭 교수의 고위층 이론(Upper Echelons Theory)에 따라 경영자 개인수준의 창의성이 조직의 기술혁신체계 내에 다양한 양상으로 투입될 것이고, 조직의 기술혁신체계가 경영자의 창의성에 긍정적인 영향을 받아 기업가지향성과 기술혁신지향성을 발현함으로써 혁신성과를 높일 것이다. 본 연구에서는 국내 반도체분야 기업 중 연구조직을 보유한 132개 기업의 경영자의 개인창의성이 연구조직의 기업가지향성, 기술혁신지향성을 매개로 기업의 혁신성과에 영향을 주는지 살펴보기 위하여 구조방정식으로 분석하였다. 이를 위해, 선행 연구 문헌에서 확인한 개인창의성, 기업가지향성, 기술혁신지향성 등을 측정 요소로 적용하였다. 구조방정식 분석 결과, 경영자의 개인 창의성이 연구조직의 기업가지향성과 기술혁신지향성을 매개로 할 때 기업의 혁신성과에 매우 유의미한 양(+)의 관계를 보였고, 경영자 창의성의 혁신성과와 직접적인 효과는 통계적으로 유의하지 않은 것으로 나타났다. 결국, 기술혁신을 주도하는 경영자의 개인창의성과 연구조직의 기업가 지향성과 기술혁신지향성은 기업의 성공적 혁신성과 창출을 위해 매우 중요한 요인임을 말해주고 있다.

The Relationship between Top Female Executives and Corporate Investment: Empirical Evidence from Vietnamese Listed Firms

  • PHAN, Quynh Trang
    • The Journal of Asian Finance, Economics and Business
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    • 제8권10호
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    • pp.305-315
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    • 2021
  • This study aims to investigate the relationship between the difference in gender of top executives and corporate investment. In addition, this study also extends to how the sensitivity of investment to cash flow varies with the gender of leaders. Finally, the effect of the gender of leaders on firm investment is also tested across firm types (state firms vs. private firms and high-growth firms vs. low-growth firms). Based on the dataset of Vietnamese listed firms over 2007-2017, the fixed-effect model is used to test the hypotheses. The results show that women as chairs of the board tend to lower corporate investment, whereas the gender of CEOs (Chief Executive Officers) does not influence the investment level. Moreover, top female executives are associated with a decrease in the sensitivity of investment to cash flow. These regression results also show that top female executives only have an impact on the rate of investment in private and low-growth firms. The findings of this study are useful for the board of directors in selecting a chairperson in line with the firm's strategies. Furthermore, the findings of this study are also meaningful for policymakers who should monitor the separate role of the CEO and chair of the board in a company.

사회복지사가 인식한 최고관리자의 서번트 리더십 수준과 조직시민행동 간의 관계에서 심리적 임파워먼트의 매개효과 (A Mediating Effect of Psychological Empowerment on the Relationship between Top Executives' Servant Leadership Level Perceived by Social Workers and Organizational Citizenship Behavior(OCB))

  • 이주호
    • 한국사회복지학
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    • 제62권2호
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    • pp.307-328
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    • 2010
  • 본 연구의 주목적은 사회복지사 인식한 사회복지조직 최고관리자의 서번트 리더십 수준과 사회복지사의 조직시민행동 간의 관계에서 심리적 임파워먼트의 매개효과를 검증하는데 있다. 본 연구는 사회복지조직에 근무하는 375명의 사회복지사들을 대상으로 하였고, 분석을 위해 구조방정식 모형을 사용하였다. 결과는 다음과 같다. 첫째, 서번트 리더십은 조직시민행동과 심리적 임파워먼트에 정(正)의 영향을 미쳤다. 둘째, 심리적 임파워먼트는 조직시민행동에 정(正)의 영향을 미쳤다. 셋째, 심리적 임파워먼트는 서번트 리더십과 조직시민행동 간의 관계에서 '부분매개' 역할을 하였다. 이는 사회복지조직에 조직시민행동 개념을 도입하여 효율적인 인적자원관리를 하기 위해서는 사회복지조직 행정가가 서번트 리더십을 발휘 할 필요성이 있음을 함의하고 있다.

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우리나라 엔터테인먼트 기업의 임원 특성과 경영 함의점 (Executives' Characteristics and Their Management Implications in Korean Entertainment Companies)

  • 김정섭
    • 한국엔터테인먼트산업학회논문지
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    • 제13권3호
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    • pp.77-89
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    • 2019
  • 한류열풍이후 급성장한 우리나라 엔터테인먼트 기업들의 경영을 이끌어온 임원들의 특징은 무엇이며, 이를 통해 어떤 경영 함의점을 추론할 수 있을까? 이런 과제를 해결하기 위해 우리나라 엔터테인먼트 업종의 27개 상장사 임원 293명을 전수 조사해 통계 분석하였다. 연구 결과 아티스트 주변의 제한된 인력에서 벗어나 경영인, IT 전문가, 회계사, 변호사, 아티스트 순으로 직업 경로별 인적 다양성이 높아졌다. 대표이사에게 스톡옵션을 부여한 회사도 전체의 33%였다. 이는 지속가능 경영의 맥락인 전문화, 투명 경영, 디지털과 네트워크 경영, 창의 경영, 동기촉진 경영을 하기 위해 기업이 노력해왔다는 점을 암시하는 데이터로 긍정적 측면이다. 그러나 전형적인 지식창조 기업인 엔터테인먼트 기업에서 창의성, 감수성, 진취성, 역동성과 같은 장점을 발휘하기 쉬운 20~30대 젊은 층과 여성의 임원 비율이 낮고 대표이사(CEO)의 평균 재임기간이 4.02년으로 비교적 길지 않은 것은 향후 개선 과제로 지적되었다.

경영자의 코칭역량모델 개발 및 요구분석 (Executive coaching competency model development and needs analysis)

  • 우수명;장영철
    • 한국산학기술학회논문지
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    • 제14권11호
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    • pp.5530-5540
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    • 2013
  • 본 연구의 목적은 경영자의 코칭역량모델을 개발하고 요구를 분석하는 데 있다. 이를 위하여 경영자 코칭에 종사해온 전문가 집단과 실제 경영 현장에서 코칭을 경험하고 사용하고 있는 경영자 및 임원들을 대상으로 3차에 걸친 수정 델파이 조사를 실시하였다. 3차에 걸친 조사를 통해 총 5개 역량군과 34개 하위 역량이 도출되었다. 이어서 34개의 역량 항목을 측정하는 102개의 설문 문항을 설계하여 272명의 경영자 및 임원 등을 대상으로 타당도를 검증하였다. 분석 결과 26개의 역량항목에 대해서 타당도가 확보되었다. 이어서 경영자가 중요하게 생각하는 역량을 조사하기 위하여 요구분석을 실시하였다. Borich 요구도를 활용해 경영자 코칭역량에 대한 우선순위를 실시한 결과 5개 역량군에 속한 26개 하위역량 중 사업적 통찰력이 가장 요구도가 높은 역량으로 분석되었다. 이어서 동기유발, 조직관리, 갈등 관리, 전략적 사고, 협상 등으로 나타났다.