• 제목/요약/키워드: market information quality

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The Effect of Inaccurate Quality Signaling under Information Asymmetry

  • Seung Huh
    • 아태비즈니스연구
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    • 제14권1호
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    • pp.231-246
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    • 2023
  • Purpose - This study attempts to provide a new theoretical perspective on the quality signaling and its impact on a market under information asymmetry, focusing on how the accuracy and the cost of quality signaling affect sellers' and buyers' profit, suggesting appropriate designs of quality signaling methods which mitigates information asymmetry. Design/methodology/approach - In order to examine the effect of quality signaling on strategic interactions within the market, we establish an analytic model where market outcomes are determined by seller's quality claim and price, and buyers are risk-neutral. By investigating this analytic model through relevant game trees, we find the subgame perfect Nash equilibria of the market and predict related market outcomes based on sellers' quality signaling strategy. Findings - Our analytic model shows counterintuitive results that seller profit will be the lowest with inaccurate quality signaling and the highest with no quality signaling, mostly due to the certification cost. Consequently, sellers should proceed with caution if the quality signaling is less than accurate, as it may backfire. We believe that this is due to the fact that the inaccuracy of quality signaling causes some confusion and uncertainty in both sellers and buyers' decision to maximize profit, making it hard for sellers to predict buyers' behavior. Research implications or Originality - Although the sources and types of quality signaling errors have been investigated in the literature, there has not been satisfactory understanding regarding how inaccuracy of quality certification affects specific market outcomes. We expect that our theoretical model would provide important implications on how to utilize quality signaling to solve adverse selection issues in markets under information asymmetry.

기상정보시스템 품질요인이 이용자 만족과 사업성과에 미치는 영향 (The Effect of Weather Information System'Quality Factor on User Satisfaction and Business Performance)

  • 송광석;김규환;유한주
    • 품질경영학회지
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    • 제45권1호
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    • pp.93-116
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    • 2017
  • Purpose: The purpose of this study is to suggest a key quality factor affecting user satisfaction based on quality attribute of weather information system and additionally, a managerial implication for activating weather information service market by analyzing causal relevance between weather information system and business performance. Methods: As its method, a causal relevance of quality factor of weather information system affecting satisfaction and business performance was analyzed by using structural equation model. An enterprise utilized in analysis sample performed a survey by targeting 186 distribution/logistics and general manufacturing company. Results: It was revealed that information, service quality of weather information system exerted a significant influence on user satisfaction and it did not take a significant influence on business performance in terms of quality of information, system and service. A significant relevance between user satisfaction and business performance was strong supported. Finally, it was revealed that utilization level of weather information system had a moderating effect on business performance. Conclusion: Domestic weather information system mainly focused on information utilization based weather information system and additional service level utilizing weather information is very low in practical terms. Therefore, in order to expand domestic weather related service market, systematic market expansion strategy of providing corporate customized service and case enlargement would be required.

시장지향성이 기업성과를 창출하는 과정에서 시장정보품질과 종업원 업무성과의 역할: 중소기업을 중심으로 (The Role of Market Information Quality and Employee's Task Performance Linking Market Orientation to Firm Performance in SMEs)

  • 홍성준
    • 벤처창업연구
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    • 제13권3호
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    • pp.141-152
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    • 2018
  • 많은 연구들이 시장지향성의 기업성과에 대한 긍정적인 영향력을 밝혀주고 있지만 최근까지도 시장지향성이 어떻게 기업성과를 창출할 것인지에 대한 논란은 지속되고 있다. 본 연구는 기존 연구들이 시장 지향적 행위의 질적 측면을 간과하고 있고, 시장지향성의 성과를 주로 기업수준의 성과에 초점을 맞추고 있을 뿐 아니라 산업이나 경영환경에 따라 지나치게 다양한 매개변수를 사용하고 있다는 한계점을 극복하고, 일반화된 성과 창출과정을 설명하고자 하였다. 시장지향성이 기업성과를 창출하기 위해서는 시장정보의 행위적 측면뿐만 아니라 시장정보의 품질이 전제되어야 하며, 개인수준에서 성과 창출이 매개되어야 조직 전체의 성과로 확산될 수 있다고 판단하였다. 따라서 본 연구에서는 시장지향성과 기업성과 사이에서 시장정보품질을 조절변수로, 종업원의 업무성과를 매개변수로 제시하였다. 이들 변수는 산업 차이나 대상에 관계없이 적용할 수 있다는 측면에서 시장지향성 연구의 보편성과 실무적 적용가능성을 확대했다는 의의가 있다고 할 것이다. 연구결과 시장지향성-기업성과 간의 관계에서 2가지 변수의 역할을 실증적으로 확인하였다. 본 연구의 시도는 학문적으로는 시장지향성을 양과 질이 균형 잡힌 개념으로 완성도를 높였을 뿐만 아니라, 중소기업 입장에서 성과창출에 대한 새로운 설명을 제시하였다는 의미가 있다. 실무적으로는 시장지향성을 적용하는 동기를 부여하고, 성과 창출과정을 쉽게 이해해 활용도를 개선해 줄 것으로 기대한다.

전통시장의 서비스품질요인이 고객가치, 관계품질, 행동의도에 미치는 영향 (Effects of Traditional Market Service Quality Factors on Customer Value, Relational Quality, and Behavioral Intention)

  • 추명조;정연승
    • 유통과학연구
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    • 제13권11호
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    • pp.79-92
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    • 2015
  • Purpose - The aim of this study is to develop an empirical model of the effects of traditional market service quality factors on customer value, relationship quality, and behavior. The specific objectives of the study are as follows: 1) to classify study objects into cultural tourism markets and non-cultural tourism markets as well as to verify the differences in service quality among the two markets and, 2) to present practical service marketing methods that fit with the characteristics of the traditional markets by amending the five quality evaluation items of SERVQUAL (a multiple-item scale for measuring service quality)to suit the characteristics of the traditional markets and establish the relationship among customer value, relationship quality, and behavior intention. Research design, data, and methodology - The study methods of empirical investigation are as follows. First, this study selected for a study object the Suwon Paldalmun Gate Market to represent the cultural tourism market, and general traditional markets to represent the non-cultural tourism market. This study also conducted personal interviews in order to increase the response rate and collected a total of 418 responses between March 18, 2014 and April 05, 2014. The total of 418 responses used for this study excluded 14 responses that had either misleading information or missing values. Results - This study verified the perceived differences of service quality based on traditional market specialization through an independent sample t-test. It appeared that the perceived service quality of the cultural tourism market was generally higher than that of the non-cultural tourism market. This study executed a path analysis in order to examine the effects of service quality factors on customer value, relationship quality, and behavior intention. This study also comprehensively analyzed the specialized market and non-specialized market separately. Although there were some differences among the results, the overall results were uniform. It appeared that convenience, reliability, and empathy, among the service quality factors, exerted meaningful effects on customer value. On the other hand, convenience, reliability, responsiveness, and empathy, excluding the tangibles, exerted meaningful effects on the relationship quality. In addition, it appeared that all service quality factors exerted meaningful effects on the customer value, relationship quality, and behavior intention. Therefore, the study verified that all of the hypotheses formulated in the study were generally adopted. Conclusions - The implication of this study may be classified into academic and practical implication as follows. With respect to the academic implication, it seems that this study is among the early studies to verify the differences between the cultural tourism market and the non-cultural tourism market. The practical implication of this study is that the perceived service quality, such as convenience, reliability, responsiveness, and tangibles, excluding empathy, was higher in the cultural tourism market than in the non-cultural tourism market. This means that customer satisfaction is enhanced by governmental aid such as hardware, software, and information and communications technology.

정보시스템 성공모형을 기반으로 한 모바일월렛 지속사용의도에 미치는 영향 요인 분석 (Analysis of Factors Affecting Intention of Continuous Use for Mobile Wallet Based on the Information System Success Model)

  • 전선호;강주영;임재익
    • 한국IT서비스학회지
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    • 제13권4호
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    • pp.325-340
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    • 2014
  • Mobile payment system using NFC attracted attention as the mobile payment market grows due to the fast diffusion of smart phones. However, non NFC mobile payment recently appeared because of the slow growth of infrastructure for NFC. With advent of Non NFC mobile payment applications, mobile payment industry is in developing trend. Non NFC mobile payment revitalizes the market by overcoming the limit of NFC with the smart applications using bar code and QR code payment, and providing various discounts, membership benefits and payment information. Therefore, this paper analyzed the intention of continuous use with the quality of mobile payment application based on the information system success model. Three categories of factors which are system quality, service quality, and information quality were used. We verified the significance of the factors affecting the intension of continuous use. mainly, quality of information was considered as an important factor of continuous Intention to Use. Also, unlike previous NFC, it was found that in Non-NFC, compatibility might not be as important factor. Moreover, we suggest a marketing strategy of companies for mobile payment industry which focus on information quality. and future research directions for non NFC payment market.

Does Earnings Quality Affect Companies' Performance? New Evidence from the Jordanian Market

  • SALEH, Isam;ABU AFIFA, Malik;ALSUFY, Fares
    • The Journal of Asian Finance, Economics and Business
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    • 제7권11호
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    • pp.33-43
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    • 2020
  • This study aims to investigate the importance of earnings quality as a determinant of companies' performance. It provides some empirical evidences from an emerging market, specifically from the Jordanian market. This study developed an econometric model for the effect of earnings quality on the companies' performance using empirical evidence. The study employs a panel data analysis method by using a sample of all Jordanian industrial public shareholding companies listed on Amman Stock Exchange (ASE) during 2010-2018. The results reveal that Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS) as proxies of company's performance are affected by the earnings quality. This provides the importance of positive earnings quality that eventually influences the companies' performance. The results of this study suggest that the higher control level on the managers' behavior and its outcome will have an effect on earnings quality, and thus the company's performance increases. As well as, high relevance of accounting information will improve earnings quality, and thus earnings quality with the interaction factors of the company's environment work on improving performance. As a conclusion, this study can work as a reference to assist standard setters, security analysts, regulators and other accounting-information users in appraising relation between the earnings quality and companies' performance.

Effect of Market-Wholesaler System on Market Expansion, Re-transaction Intention, and Recommendation Intention

  • ROH, Gye-Ho;YI, Jong-Hyun;CHO, Young-Sam
    • 유통과학연구
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    • 제18권5호
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    • pp.99-109
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    • 2020
  • Purpose: This study aims to develop and empirically analyze a research model in order to comprehend the relationship among the service quality of market-wholesaler system, re-transaction intention, and recommendation intention of forwarder. Further, we suggest new six factors reflecting the service quality of market-wholesaler system and highlight market expansion of forwarder as a mechanism in the relationship. Research design, data and methodology: The authors developed the new scales measuring the service quality of market-wholesaler system (i.e. trade price, price fluctuation, payment receipt, settlement period, trade information, and customer service) and conducted a cross-sectional survey for 439 forwarders in a wholesale market. And then we performed a series of path analyses to test hypotheses. The hypotheses are as follows. [H1] The service quality of market-wholesaler system will positively affect forwarders' market expansion, [H2] Forwarders' market expansion will positively affect their re-transaction intention, [H3] Forwarders' market expansion will positively affect their recommendation intention, [H4] Forwarders' re-transaction intention will positively affect their recommendation intention. Results: The results showed that all the six factors for the service quality of market-wholesaler system were positively related to market expansion of forwarders. There was a differential effectiveness in the six factors of the service quality. More specifically, the positive effect of customer service factor was the strongest on market expansion of forwarders. And the respective effects of trade price, price fluctuation, settlement period, trade information factors were followed in order. The positive effect of payment receipt factor was the weakest on market expansion of forwarders. Also, market expansion of forwarders was positively related to their re-transaction intention and recommendation intention. Furthermore, market expansion of forwarders was indirectly related to recommendation intention through re-transaction intention as well. Conclusions: The research findings provide important theoretical and practical implications. This study is the first to attempt to test the perception of forwarders for the service quality of market-wholesaler system by developing and using the new scales. Also, there has been a sharp controversy about the effectiveness of market-wholesaler system. The findings support that market-wholesaler system would be activated by empirically verifying the effectiveness of the service quality on the various outcomes.

Capital Market Development: Evidence from the Role of Audit

  • Dashtbayaz, Mahmoud Lari;Mohammadi, Shaban
    • 융합경영연구
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    • 제3권3호
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    • pp.1-6
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    • 2015
  • Quality auditor and auditors of larger firms have a positive effect on profit is unusual. The auditors smaller negative effect on profit companies profit is unusual. Change to larger audit shows the quality of earnings and to respond more investors positive changes in income and increased costs and reduced profitability is less negative price changes. Similarly, switching to a smaller auditor confirms the low quality of earnings, resulting in a negative response to the market. In this article market reaction (response investors) the quality of the audit and the auditor were studied in the Tehran Stock Exchange. in general, information about companies in capital market accounting to investors and the capital market is considered to be valuable.

오픈마켓의 웹서비스 품질과 사용자 만족 (A Study on the Web Service Quality and User Satisfaction at Open Market)

  • 손영심;서창갑
    • 디지털융복합연구
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    • 제11권6호
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    • pp.113-127
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    • 2013
  • 오픈마켓의 지속적 성장으로 인해 업체간의 경쟁이 예상되므로 높은 품질확보를 통한 기존 사용자의 이탈방지와 새로운 사용자창출을 위해 노력하고 있다. 마케팅분야에서 서비스 품질에 대한 평가척도로 사용되던 서비스 품질을 확대하여 오픈마켓에 맞게 e-서비스 품질로 변환하여 사용하기도 한다. Udo et al.[6]은 정보시스템의 관점에서 Parasuraman et al.[2]의 e-서비스 품질과 DeLone and McLean[7]의 정보시스템 성공모델을 결합하여 웹서비스 품질로 제안하고 있다. 본 연구에서는 Udo et al.[6]의 모형을 기반으로 한 오픈마켓의 웹 서비스 품질 영향요인으로 웹사이트 개인정보보호, 웹사이트 컨텐츠, 웹사이트 편의성 그리고 오픈마켓 이미지를 제안하였다. 부산지역에 거주하는 대학생과 대학 내 평생교육원 수강생 301명을 대상으로 설문한 결과 네 가지는 모두 오픈마켓의 웹 서비스 품질에 긍정적인 영향을 미치며 궁극적으로 웹서비스 품질은 오픈마켓 사용자의 정보시스템 만족에 긍정적인 영향을 미치는 것을 발견하였다.

최종사용자 만족도 구성요인에 대한 연구 : 어플리케이션 마켓을 중심으로 (Variables Affecting End-User Satisfaction in Application Market)

  • 김현모;박재홍;이상철;서영호
    • 품질경영학회지
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    • 제40권2호
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    • pp.211-218
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    • 2012
  • Over the last two decades, many information system researchers have developed the variables of information system using the measurement of user satisfaction. In context, this research developed the measurement of user satisfaction in smartphone application market and compared the difference of user satisfaction factors between Adroid market and App store. The results indicated that satisfaction of App store was more than that of Adroid market. The information system and customer-oriented factors of App store were higher than that of Adroid market.