• Title/Summary/Keyword: performance objective

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The Impact of Audit Characteristics on Firm Performance: An Empirical Study from an Emerging Economy

  • Rahman, Md. Musfiqur;Meah, Mohammad Rajon;Chaudhory, Nasir Uddin
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.59-69
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    • 2019
  • The auditor, an important instrument of corporate governance, ensures the transparency and accountability of the firm to the stakeholders. The objective of this paper is to explore the impact of audit characteristics on firm performance. In this study, external audit quality (BIG4), frequencies of audit committee meetings, and audit committee size are used as the proxies of audit characteristics and firm performance is measured through ROA, profit margin and EPS. A total of 503 firm years are considered as sample size from the listed manufacturing firms of Dhaka Stock Exchange (DSE) during the period of 2013 to 2017 to find out the impact of audit characteristics on firm performance. In this study, multivariate regression analysis is conducted using the pooled OLS method. Moreover, time dummy and lag model of multivariate analysis are also analyzed as robust check. The multivariate regression results find that external audit quality (BIG4) and audit committee size are significantly positively associated with firm performance. This study also finds that there is a significant negative relationship between audit committee meeting and firm performance. This study recommends that the regulatory authority and audit committee should review the frequencies of audit committee meeting to make it more effective to ensure better firm performance.

Working Condition, Job Understanding, Job Performance and Job Satisfaction of School Foodservice Employees in Chungnam Area - Focusing on Comparative Analysis Based on School Type and Status - (충남지역 학교급식 조리종사원의 직무 실태와 직무 이해도, 수행도 및 직무만족도 - 학교 형태 및 직위에 따른 비교 분석을 중심으로 -)

  • Lee, Ji-Young;Lee, Je-Hyuk
    • The Korean Journal of Food And Nutrition
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    • v.32 no.3
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    • pp.236-245
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    • 2019
  • The objective of this study was to investigate job understanding, performance, and job satisfaction of 150 school foodservice employees in Chungnam area from April 23, 2018 to May 18, 2018. The score of the relationship with colleagues was in the order of elementary school, middle school, and high school (p<0.05). Job understanding was ranked as follows: middle school, elementary school, and high school (p<0.05). Questionnaires on performance of food ingredients and working process management had 4.8 points for the cook and 4.6 points for the cooking staff (p<0.05). Based on the subjects' position, the hygienic safety management performance was higher in cooks than in cooking staff (p<0.05). Job satisfaction showed higher points in elementary school and middle school subjects in all items as compared to subjects of high school (p<0.05). Cooks showed more job satisfaction compared to cooking staff (p<0.05). There was a significant positive correlation (r=.253, p<0.01) between job satisfaction and job performance. Job understanding showed a significant positive correlation with job performance. Job satisfaction had a positive correlation with performance for hygienic safety management (r=.275, p<0.01).

A Competitive Advantage Strategy Based on Innovative Culture and Quality of Work Life: Evidence from SMEs of the Tourism Industry in Indonesia

  • HERMAWATI, Adya;ANAM, Choirul;SUWARTA, Suwarta;WARDHANI, Arie Restu
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.8
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    • pp.29-36
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    • 2022
  • The objective of this research is to find out the effect of innovative culture and quality of work life on competitive advantage strategy with the mediation of individual performance. This research is the continuance of previous research conducted by Adya Hermawati with an originality aspect emphasizing a concept comprising innovative culture, quality of work life, and individual performance as factors that control competitive advantage strategy. The research subject is Tourism Industry SMEs. Explanatory research is a research method used in this study, by surveying respondents. The data sources in this research are primary and secondary. Primary data is collected from respondents directly through a questionnaire whereas secondary data are obtained from references that are relevant to research problems. In conformity with this explanation, the type of research data is quantitative data. The results of this research show that: innovative culture has an effect on individual performance, quality of work life affects individual performance, innovative culture has an effect on competitive advantage, quality of work life affects competitive advantage, individual performance has an effect on competitive advantage, innovative culture affects competitive advantage with the mediation of individual performance, and quality of work life affects competitive advantage with the mediation of individual performance.

Seismic performance-based optimal design approach for structures equipped with SATMDs

  • Mohebbi, Mohtasham;Bakhshinezhad, Sina
    • Earthquakes and Structures
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    • v.22 no.1
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    • pp.95-107
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    • 2022
  • This paper introduces a novel, rigorous, and efficient probabilistic methodology for the performance-based optimal design (PBOD) of semi-active tuned mass damper (SATMD) for seismically excited nonlinear structures. The proposed methodology is consistent with the modern performance-based earthquake engineering framework and aims to design reliable control systems. To this end, an optimization problem has been defined which considers the parameters of control systems as design variables and minimization of the probability of exceeding a targeted structural performance level during the lifetime as an objective function with a constraint on the failure probability of stroke length damage state associated with mass damper mechanism. The effectiveness of the proposed methodology is illustrated through a numerical example of performance analysis of an eight-story nonlinear shear building frame with hysteretic bilinear behavior. The SATMD with variable stiffness and damping have been designed separately with different mass ratios. Their performance has been compared with that of uncontrolled structure and the structure controlled with passive TMD in terms of probabilistic demand curves, response hazard curves, fragility curves, and exceedance probability of performance levels during the lifetime. Numerical results show the effectiveness, simplicity, and reliability of the proposed PBOD method in designing SATMD with variable stiffness and damping for the nonlinear frames where they have reduced the exceedance probability of the structure up to 49% and 44%, respectively.

A Study on the Importance, Performance, and Educational Needs of the Community Pharmacy Practice Education (지역약국 필수 실무실습 교육의 중요도, 수행도 및 교육요구도 분석 연구)

  • Jeemi Lim;MiKyong Shim
    • Korean Journal of Clinical Pharmacy
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    • v.32 no.4
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    • pp.303-312
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    • 2022
  • Objective: The purpose of the study was to analyze the difference in the importance and performance of the educational content of the community pharmacy practice and find the factors that influence it. Methods: A 5-point Likert scale questionnaire asked about the importance and performance of the pharmacy practice education items to community pharmacy preceptors, current students, and professors. Data were analyzed using Microsoft office 365 Excel and IBM SPSS 21.0. Results: A total of 117 people participated. The averages of importance and performance were 4.34±0.34 and 3.71±0.45, respectively. Except for the computational entry of prescriptions and medication history, the average score for the importance of all educational items was statistically significantly higher than the one for performance. Importance Performance Analysis (IPA) identified over-the-counter medication counseling, over-the-counter drug selection consultation, pharmacy management, adverse drug reaction monitoring, and understanding and implementation of drug use evaluation as the items that needed focused effort. Borich's needs were highest in the adverse drug reaction monitoring. Conclusions: Overall, high importance and low performance indicate a need for improvement in community pharmacy practice education. Since the demand for education was high in over-the-counter medication counseling, adverse drug reaction monitoring, and OTC drug selection consultation, various supports are urgently needed to strengthen pharmacy practice education in this area in the future.

Improvement Measures for Performance Monitoring in the Ecological Sector of the Agri-Environmental Conservation Program (농업환경보전프로그램 생태분야 성과 모니터링 개선 방안)

  • Park, Ji Yeon;Choi, Yun Eui
    • Journal of Korean Society of Rural Planning
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    • v.30 no.3
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    • pp.55-62
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    • 2024
  • This study aimed to resolve issues in performance monitoring of the ecological sector of the Agricultural Environment Conservation Program through a comparative study of domestic ecological monitoring cases and to identify suitable performance monitoring methods for the project. To achieve this objective, current performance monitoring of the Agricultural Environment Conservation Program was compared and analyzed with domestic ecological monitoring cases to examine their applicability. Research results indicate that domestic ecological monitoring covers a wide range, making it difficult to diagnose the ecological environment at the village level. Therefore, it seems challenging to use these data for evaluating the performance of residents' activities. To accurately assess performances of participating villages in the project, on-site monitoring of the target areas is essential. For this purpose, efforts should be focused on strengthening on-site monitoring through the establishment of collaborative systems. However, domestic ecological monitoring can be utilized for long-term performance monitoring in the Agricultural Environment Conservation Program. By extracting necessary data on agricultural areas through geographic information and particularly by utilizing survey results according to the 'cultivated land ecosystem' type, long-term performance of the project could be evaluated. Accordingly, this study can serve as foundational research for establishing an ecological performance monitoring plan and system suited to the project.

An experimental study on the factors to improve the formation performance of gas hydrate (가스하이드레이트 제조성능 향상을 위한 영향인자 검토 연구)

  • Shin, Chang-Hoon;Kim, Yu-Na;Kwon, Ok-Bae;Park, Seung-Su;Han, Jeong-Min;Lee, Jeong-Hwan
    • Proceedings of the KSME Conference
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    • 2007.05b
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    • pp.2989-2994
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    • 2007
  • Gas hydrates are ice-like crystalline compounds that form under low temperature and elevated pressure conditions. Although hydrate formation can pose serious flow-assurance problems in the gas pipelines or facilities, gas hydrates present a novel means for natural gas storage and transportation with potential applications in a wide variety of areas. An important property of hydrates that makes them attractive for use in gas storage and transportation is their very high gas-to-solid ratio. In addition to the high gas content, gas hydrates are remarkably stable. The main barrier to development of gas hydrate technology is the lack of an effective method to mass produce gas hydrate in solid form. The first objective of this study is investigating the characteristics of gas hydrate formation related to several factors such as pressure, temperature, water-to-storage volume ratio, concentration of SDS, heat transfer and whether stirred or not respectively. And the second objective is clarifying the relation between the formation efficiency and each factor in order to find the proper way or direction to improve the formation performance.

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Modeling and multiple performance optimization of ultrasonic micro-hole machining of PCD using fuzzy logic and taguchi quality loss function

  • Kumar, Vinod;kumari, Neelam
    • Advances in materials Research
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    • v.1 no.2
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    • pp.129-146
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    • 2012
  • Polycrystalline diamond is an ideal material for parts with micro-holes and has been widely used as dies and cutting tools in automotive, aerospace and woodworking industries due to its superior wear and corrosion resistance. In this research paper, the modeling and simultaneous optimization of multiple performance characteristics such as material removal rate and surface roughness of polycrystalline diamond (PCD) with ultrasonic machining process has been presented. The fuzzy logic and taguchi's quality loss function has been used. In recent years, fuzzy logic has been used in manufacturing engineering for modeling and monitoring. Also the effect of controllable machining parameters like type of abrasive slurry, their size and concentration, nature of tool material and the power rating of the machine has been determined by applying the single objective and multi-objective optimization techniques. The analysis of results has been done using the MATLAB 7.5 software and results obtained are validated by conducting the confirmation experiments. The results show the considerable improvement in S/N ratio as compared to initial cutting conditions. The surface roughness of machined surface has been measured by using the Perthometer (M4Pi, Mahr Germany).

Development of a High Efficiency Polymer Electrolyte Membrane Fuel Cell Stack under Pressurized Operating Conditions (고효율 가압형 고분자전해질 연료전지 셀스택 개발)

  • Han, In-Su;Seo, Hakyu;Jung, Jeehoon;Kim, Minsung;Shin, Hyunkhil;Hur, Taeuk;Cho, Sungbaek
    • 한국신재생에너지학회:학술대회논문집
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    • 2010.06a
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    • pp.125.1-125.1
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    • 2010
  • A high efficiency polymer electrolyte membrane (PEM) fuel cell stack was developed for pressurized pure hydrogen and oxygen supplying conditions. The design objective for the cell stack was to maximize the electric efficiency and to minimize exhaust-gas emissions from it simultaneously. To achieve this objective, the cell stack was designed to use pure hydrogen and oxygen as fuel and oxidant, respectively, and to be operated under high gas inlet pressures and in a stage-wise dead-end operation mode. Major components constituting the cell stack, such as membrane electrode assembly, bipolar-plate, and gasket, have been developed to meet a target durability even in severe operating conditions: high gas inlet pressures and usage of pure oxygen. A high-power fuel cell stack was assembled using these components to verify the performance. The cell stack showed a good performance in terms of the efficiency and maximum power output.

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The Influence of Objective and Subjective Evaluations about Peers′ Relative Competency on Children′s Problem Solving Performance (또래의 상대적 능력에 대한 객관적, 주관적 평가가 아동의 과제 해결 능력에 미치는 영향)

  • Hae Shin Hwang
    • Journal of the Korean Home Economics Association
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    • v.40 no.3
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    • pp.1-9
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    • 2002
  • 본 연구의 목적은 아동이 또래와 함께 과제를 풀어 나가는 과정에서, 상호작용하는 아동들의 객관적인 상대적 능력과 주관적인 상대적 능력을 고려하여 이들이 아동의 과제해결능력에 어떠한 영향을 주는지를 알아보고자 하는 것이었다. 구체적으로 본 연구에서는 대상 아동이 자신보다 우수하거나 열등한 아동과 상호작용을 경험하게 하며, 이들 상대방에 대해서 아동자신은 어떻게 평가하고 있는지, 또한 이러한 상대방의 능력에 대한 주관적 평가가 아동의 과제해결 능력에 어떠한 영향을 미치는지를 살펴보았으며, 마지막으로 이러한 관계가 상대방에 대한 친밀도와는 어떻게 관련지어 나타나는지를 살펴보았다. 6, 8, 10세의 아동을 대상으로 하여 서로에 대한 친밀도를 조사하였으며 상대방의 능력에 대해 어떻게 생각하고 있는지에 대한 주관적인 평가를 하게 했다. 또한 하노이탑 과제를 사용하여 사전 검사, 처리, 사후 검사 단계를 통해 아동의 과제 해결 능력을 측정하였다. 그 결과, 자신보다 더 우수한 짝과 함께 공동 과제 해결을 한 아동이 그렇지 않은 아동보다 사후검사에서 더 많은 향상력을 보여줄 것이라고 기대하였으나 이 가설은 기각되었고, 아동이 자신의 짝에 대하여 긍정적으로 생각할 때, 다시 말하면 자신보다 과제를 더 잘 풀어 나갈 것이라고 판단할 경우에만 과제 수행 능력이 향상되었다. 이러한 결과는 객관적으로 평가된 아동의 능력보다 아동 자신이 주관적으로 상대방의 능력에 대해 판단한 것이 더 의미있게 과제수행 능력에 영향을 미친다는 것을 보여준다.