• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.8
• /
• pp.95-102
• /
• 2020

The purpose of this study is to test both the alignment theory and entertainment theory on family firms listed on the Pakistan Stock Exchange. To achieve these goals, we collected secondary data from 164 non-financial family firms in various sectors during 2014-18. These family firms are classified into two categories: family control firms and family owned firms. We take the audit fee and the audit quality as dependent variables while family control firms, family-owned firms, and family CEOs as independent variables. In addition, the study uses leverage, profit and export as control variables. To test the effect of the explanatory variables on the output variables, we use two econometric models, Ordinary Least Square and the Probit regression model. In addition, Huber Sandwich test is used to check the non-normality and heteroscedasticity of panel data. Contrary to the alignment effect, the study supports the entrenchment effect and advocates that family-controlled firms as well as family-owned firms are not conscientious regarding the selection of external auditors during their contracts with audit firms. They are less likely to pay high audit fees for good quality audit in Pakistan. Furthermore, the study shows a statistically significant and positive relationship between audit quality and audit fees.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.12
• /
• pp.159-167
• /
• 2021

The objective of this study is to examine the effect of family ownership and family CEO on the dividend policy of family firms by using the demographic characteristics of the CEO as a moderator. Dividend policy is a decision taken by the firm in determining whether the profits earned by the firm will be distributed to shareholders in the form of dividends or will be reinvested in the company as retained earnings for future internal resources. Using samples from non-financial family firms listed on the Indonesian Stock Exchange in 2013-2017, 93 firms were selected based on adequate data. We also used logit regressions to provide robustness. The results show that family ownership and family CEO have a positive effect on the dividend payout ratio. This finding supports the family income hypothesis. Among CEO demographic characters, CEO age significantly strengthens the positive effect of family CEO on dividend payout ratio. While CEO tenure does not significantly strengthen the positive effect of family CEOs on dividend payout ratios. Meanwhile, leverage, ROA, and firm size significantly affect the dividend payout ratio, but firm age does not significantly affect the dividend payout ratio.

• Asia-Pacific Journal of Business Venturing and Entrepreneurship
• /
• v.10 no.3
• /
• pp.1-13
• /
• 2015

Strong ties such as family members, relatives and close friends have been widely acknowledged as a vital factor when a potential entrepreneur attempts to initiate entrepreneurial activity. Recent theoretical arguments focus that family social capital, a form of social capital, that is embedded in family relationships can contribute to venture creation as well as to the development of competitive advantage for established firms. Meantime, there have been arguments that the most dominant single entrepreneurial ethnic group in the world is the Chinese people, while the People's Republic of China is widely recognized as fast growing economic power that is driven by entrepreneurial ventures in a large scale. This study tests the effect of perceived relational supports typically being provided by family members, close relatives and friends on forming self-efficacy and entrepreneurial motivation of university students by using samples collected from 4 Korean Universities(Wonkwang, Baekseok, Soongsil and Dankook university) and Guangzhou University in China. The mediating of self-efficacy was also tested to gain better understanding of the role of the variable. The results of the study suggest that 1) both self-efficacy and entrepreneurial motivation are influenced positively by the perceived relational supports, 2) self-efficacy of university students affects their entrepreneurial motivation positively, 3) self-efficacy is appeared to be mediated partially for China in between perceived relational supports and entrepreneurial motivation, but the same variable is exhibited a full mediation in the same path of the research model for Korea, which was a distinction between the students of two countries in this study. Discussion and practical implication on the results are provided.

• Korean Journal of Health Education and Promotion
• /
• v.16 no.1
• /
• pp.149-166
• /
• 1999

Self-care and the performance of their own role might be important for the prevention of complications and improvement of quality of life in hemodialysis patients with chronic renal failure(CRF). To improve well-being and quality of life for the patients, the author estimated the level of self-care and associating factors through a questionnaire. The information was composed of the knowledge for hemodialysis and renal disease, the level of self-care, health belief, supports from the family, disease-related stresses, personal characteristics, medical history, relationships with medical personnel, etc. The data was gathered from 126 hemodialysis patients who were undergoing hemodialysis in one university hospital and five hospitals in Kyungsangnam-Do area from December 1997 to January 1998, and was analyzed by PC SAS program(version 6.12) with the level of significance($\alpha$=0.05). The mean age of subjects was 47.0$\pm$13.5years with no significant difference in gender distribution. The mean duration of hemodialysis was 39.0 months, and their frequencies of hemodialysis were more than three times per week(77.0%). Only 21.4% had the specific education on hemodialysis and CRF. In the level which was expressed as the score out of 100, the mean of knowledge was 90.7$\pm$9.1 and the mean of self-care was 73.9$\pm$12.7, that means, they only partially carried their knowledge into practice. They showed a significant correlation between knowledge and health belief($\gamma$=0.282); self-care and health belief($\gamma$=0.357), family supports and knowledge($\gamma$=0.221), self-care($\gamma$=0.402), health belief($\gamma$=0.431); and health belief and stress($\gamma$=-0.361). Age, religion, marrital status, education, and relationships with medical personnel showed positive correlations, and smoking showed negative correlation with self-care. In the multiple regression with the level of self-care as dependent variable, and each of the characeristics as independent variables, supports from the family($\beta$=6.615=0.158), the experience of disease specific education($\beta$=4.959), relationships with medical personnel($\beta$=6.615), current smoking($\beta$=-6.986), and current drinking ($\beta$=-7.095) were detected as significant factors. The value of R-square was 34%. In summary, to promote the level self-care and to improve the well beings and Quality of life for the hemodialysis patients, it would be emphasized that they terminate smoking and drinking, and it would be recommended that the education programs and supports from the family be strengthened. And, because there was a considerable difference between the level of knowledge and self-care, it would also be emphasized to propose the education programs which focused on execution. In addition to that, there is a need to improve relationships between the patients and medical personnel through positive changes in the attitudes of the medical personnel.

• Korean Journal of Human Ecology
• /
• v.20 no.1
• /
• pp.1-19
• /
• 2011

The purpose of this study was to investigate the interactions of ego-resilience and social supports in the school adjustment in children. The subjects of this study were 479 children drawn from the fourth and sixth grades of three elementary schools in Cheongju city. The pilot study was done to examine the applicability of survey instruments. Data was analyzed by frequency, percentage, Cronbach's t-test, ANOVA with Tukey post-hoc test, correlation, and hierarchial analysis using the SPSSWIN program. The results of this research were as follows: First, the results showed that the effects of the interaction of ego-resilience and social supports on school adjustment were different according to the children's gender and age. Second, teacher supports had influence on school life satisfaction, interest in the subject, attitude in class, and observance of school rules according to the children's gender and age. Finally, overall, the influence of school life satisfaction, interest in subjects, attitude in class, and observance of school rules was greater for girls than boys.

• Journal of Family Resource Management and Policy Review
• /
• v.16 no.4
• /
• pp.69-92
• /
• 2012

The purpose of this study is to describe and analyze the baby boomers' perception of and preparation for their successful aging. Seven women and three men were interviewed with the use of an unstructured questionnaire. Their perceptions of their likelihood of future successful aging were not negative, and were influenced by a range of considerations that included health, leisure, finance, volunteer services, family relationships, and elderly life without children's supports. They tried to prepare several kinds of sports, leisure activities, and volunteer services for their elderly life. However, their reasons for preparing these activities varied, and the background of their differences consisted of the family background, personal values, and experiences. Moreover, men and women responded differently to their personal experiences as they related to their elderly life. Women were likely to match their family relationship with their perception and preparation for successful aging, and men were not.

• Journal of the Korean Home Economics Association
• /
• v.32 no.2
• /
• pp.161-178
• /
• 1994

The purpose of this study were to investigate the current problems of family in adolescents' college entrance examination and to propose the practical alternatives about effective overcoming strategies. To study these objectives two kinds of sample and questionnaire were selected and the data were obtained through 360 parent-child pairs and 802 college preparatory institute students living in Seoul Taejon and kwangju. The major findings were as follow: 1. Educational achievements were affected by adolescents' personal traits as achievement need self-regulation emotional stability and self-concept but parents ' over-aspirations were negative agent for stress coping. 2. Parent-adolescent intimate and self-regulated relationships were positive factors for achievement and educational self-concept. Also adolecsents' educational aspirations were more significantly affected by parents' emotional supports. 3. Family stress were mediated by parent-child conflict so satisfied parent-child relationships can protect serious stressors as examination problems. Especially father-related factors were importantly revealed. In conclusion adolescent family and society must develop coping methods individually and cooperatively through family life education systematic policy and educational reformation.

• Human Ecology Research
• /
• v.61 no.4
• /
• pp.505-520
• /
• 2023

This study aims to assess the effectiveness of the Marriage Checkup (MC) in community settings. Participants (N=57) were recruited from family centers and participated in the MC, which consisted of assessment and feedback visits. Participants completed marital satisfaction assessments before and after the MC. Overall, the participants reported significant improvements in terms of marital satisfaction with a large effect size (d=0.87). Specifically, 77.2% of participants demonstrated an increase in marriage satisfaction. Among them, 30.6% experienced a clinically significant change (from a clinical state to a non-clinical state). The reliable change index (RCI) identified 15.8% of participants as showing reliable improvement. Changes in marital satisfaction were larger for men and participants who experienced more positive changes during the MC in terms of intimacy and understanding of how to improve their marital relationships. This study supports the MC as an evidence-based approach for improving relationship health in community settings.

• Asia-Pacific Journal of Business
• /
• v.10 no.4
• /
• pp.77-86
• /
• 2019

The purpose of this study is to examine how the characteristics of family firms affect stock price crash risk. Prior studies argued that the opacity of information due to agency problem causes a plunge in stock prices. The governance characteristics of family firms can increase information opacity which leads to crash risk. Therefore, this study verifies whether family firms have a high possibility of stock price crash risk. We use a logistic regression model to test the relationship between family firms and stock price crash risk using listed firms listed on the Korean Stock Exchange during the fiscal years 2011 through 2017. The family firm is defined as the case where the controlling shareholder is the chief executive officer or the registered executive. If the controlling shareholder's share is less than 5%, it is not considered a family business. We found that family firms are more likely to experience a plunge in stock prices. This supports the hypothesis of this study that passive information disclosure behavior and information opacity of family firms increase stock price crash risk.

• Korean Journal of Health Education and Promotion
• /
• v.24 no.4
• /
• pp.161-179
• /
• 2007

To commonly apply the ${\ulcorner}$Measurement parameter for housewives for rearing-related supports of a husband${\lrcorner}$ in Korea and Japan, the current study conducted to confirm the relationship between recognition of a housewife for rearing-related supports of a husband and mental health after reviewing the appropriateness of the parameter. For the statistical analysis, 829 married Korean women in D city and 1,302 Japanese women in S city having children before entering a school were subjected for the study. For reviewing the appropriateness of the parameter, the simultaneous factor analysis that adopted the structural equation modeling was used. As the result of the analysis, 10 categories of factor structural model comprising the ${\ulcorner}$Recognition of a housewife for rearing-related supports of a husband${\lrcorner}$ resulted with the secondary model which sets of ${\ulcorner}$Recognition for emotional support${\lrcorner}$, ${\ulcorner}$Recognition for instrumental support${\lrcorner}$ and ${\ulcorner}$Recognition for information support${\lrcorner}$ as the primary factor and ${\ulcorner}$Recognition of a housewife for rearing-related supports of a husband${\lrcorner}$ as the secondary factor, and the model was found to be appropriate for the data in Korea and Japan. The result is considered to prove the constructs validity of ${\ulcorner}$Recognition of a housewife for rearing-related supports of a husband${\lrcorner}$ parameter. In addition, the relationship between ${\ulcorner}$Recognition of a housewife for rearing-related supports of a husband${\lrcorner}$ and mental health(GHQ) was reviewed by using multiple indicator model, and found the similarity of Korean and Japanese data. The scores measured by using the above parameter resulted to show high relationship with educational level of housewife, family configuration, and number of children.