• Title/Summary/Keyword: proxy variables

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The Effect of Hierarchy Culture on Clan Leadership and Organizational Commitment of Export-Driven SMEs

  • KIM, Hyuk Young
    • The Journal of Industrial Distribution & Business
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    • v.11 no.4
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    • pp.19-30
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    • 2020
  • Purpose: The purpose of this study examines the mediating effect of clan leadership in the relationship between hierarchy culture and organizational commitment. Most previous research focused on the relationship between organizational culture and organizational performance or organizational culture and job satisfaction. There are few empirical studies that focus on organizational commitment data because it is difficult to collect in many cases of export-driven small and medium sized enterprises. However, this research measures affective commitment, continuance commitment, and normative commitment differently than previous research, which is mostly focused on the hierarchy culture, clan leadership, and organizational commitment measurements. Research design, data, methodology: Conceptual research model is based on the studies of Cameron and Quinn (2011), and Gungor and Sahin (2018). The model is designed with three constructs such as hierarchy culture, organizational commitment, and clan leadership. The monitor culture and coordinator culture are as proxy for the hierarchy culture. The affective commitment, continuance commitment, and normative commitment are as proxy for the organizational commitment. And also the facilitator leadership and mentor leadership are as proxy for the clan leadership. Based on three hundred cases such as export-driven small and medium sized enterprises (SMEs), this study verify the hypothesis. Hypothesis was analyzed with the structural equation modeling. Results: In case of export-driven small and medium sized enterprises (SMEs), clan leadership acts as a mediator in the relationship between hierarchy culture and organizational commitment. In case of export-driven small and medium sized enterprises (SMEs) with high organizational commitment, clan leadership acts as a mediator in the relationship between hierarchy culture and organizational commitment. In case of export-driven small and medium sized enterprises (SMEs) with low organizational commitment, clan leadership did not act as a mediator in the relationship between hierarchy culture and organizational commitment. Conclusions: By controlling for the mediating effect of clan culture, this study have improved the academic contributions as well as policy and practical implications through empirical study of clan leadership that affect organizational commitment in the fields of hierarchy culture. In addition, this study means that the mediating effects on the variables of clan leadership were examined.

An Empirical Investigation on the Relation between Disclosure and Financial Performance of Islamic Banks in the United Arab Emirates

  • TABASH, Mosab I.
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.4
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    • pp.27-35
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    • 2019
  • The paper examines the level of disclosure on Islamic banks' performance in the United Arab Emirates (UAE). The data was collected through content analysis of annual reports and financial statements of all fully-fledged Islamic banks working in the UAE over the period 2009 to 2013. Return on Assets is used as a proxy for the performance of Islamic banks while disclosure index is used as a proxy for Islamic banks' disclosure. Also, predetermined variables are used in the study like Size, Deposits, Non-Performing Investments and Capital to Risk Weighted Assets Ratio. Two-Stage Least-Square regression method is used to check the interdependence relationships between disclosure and performance of Islamic banks in the UAE. The results show a significant relationship between performance and disclosure in the UAE Islamic banks. Our regression results show that Islamic banks with higher levels of disclosure lead to higher operating performance. Furthermore, the performance has a great impact on the level of disclosure which means Islamic banks with high performance measures will disclose more information for investors and other institutions in order to reduce the cost of equity and increase their values in the market. This study is considered as a battery for further studies in the relationship between disclosure and financial performance of Islamic banks at a global level.

An Investigation of Family Entrepreneurship in Ownership and Firm Performance: Empirical Evidence from Pakistan

  • KHAN, Muddasir Riaz;TARIQ, Yasir Bin
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.63-73
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    • 2022
  • In today's financial economics literature, the impact of innovative family ownership and management on firm performance is a prominent concern. In this study, the existence of family firms in the listed sector of Pakistan's economy is investigated. The objective of this study is to examine the performance-oriented relationship of family ownership and active involvement of family member at the CEO position. The theoretical perspectives that underpin this research are agency and stewardship. This analysis used a sample of 315 publicly traded companies from 2009 to 2019. The study's primary independent variables include family influence on ownership and family CEO. Financial performance is the dependent variable that is divided into accounting and market measures. The proxy for accounting measure is return on asset and proxy for market measure is Tobin's Q. This study employs univariate and balanced panel data analysis. For robustness of the analysis random-effects GLS regression is carried out. The empirical results show that that Family Firms outperform Non-Family Firms both in terms of accounting and market measures. In the later part family CEOs firms outperform the firms that have either insider or outsider non-family CEOs. This superior performance is subjected to the positive and statistically significant association between family ownership, management, and financial performance.

Effect of Ageing on Household Demand for Clothing, Food, Housing, and Medical Care Commodities in Korea (고령화가 한국가계의 의식주, 의료품목 수요에 미치는 영향)

  • Kim, Kisung
    • Human Ecology Research
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    • v.53 no.3
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    • pp.309-318
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    • 2015
  • This study investigates to investigate the ageing effect on household demand for clothing, food, housing and medical care commodities in Korea using a demand system model. The cross-sectional and time-series data from Statistics Korea on urban household expenditures and age projection analyzed household demands of consumption commodities. The household head age and elderly population ratio were employed for proxy variables of ageing. Ageing variable elasticities of commodity demands were estimated. Study results show that ageing variables significantly influenced on a household demand for commodities; clothing and food consumption decreases; however, housing and medical care consumption increases with ageing. The elasticities of total consumption expenditures and price variables were estimated in the demand analysis; these two variables significantly impacted almost all of the household consumption for the studied commodities. This study provides an opportunity to examine how ageing influences household consumption for clothing, food, housing and medical care commodities as Korean society experiences a rapid ageing. It is also meaningful that this study conducted a quantitative measuring of the household demands for commodities that was different from past research on the household consumption expenditures for commodities.

Degree of the Contribution of Disaster and Safety Education as an Index of Climate Change Vulnerability (기후변화 취약성 평가지표로서 재난안전교육의 기여도 산정)

  • Chung, Gunhui
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.15 no.8
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    • pp.5349-5354
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    • 2014
  • Climate change is one of the most important factors increasing a system's vulnerability. Therefore, various methods have been applied to evaluate the vulnerability to develop an appropriate adaptation policy to minimize the effects of climate change. On the other hand, it has barely been used to examine the suitability of the selected proxy variables to calculate the vulnerability. In this study, it was shown that the degree of disaster and safety education should be considered as one of the proxy variables in non-structural measures when the vulnerability is calculated using an expert survey. As a result, the degree of the contribution on the climate change vulnerability can be different according to the education target and the characteristics of various systems. The results might be useful for developing a climate change adaptation policy in a specific area.

Assessing Vulnerability to Agricultural Drought of Pumping Stations for Preparing Climate Change (기후변화 대응을 위한 양수장의 농업가뭄 취약성 실태 평가)

  • Jang, Min-Won;Kim, Soo-Jin;Bae, Seung-Jong;Yoo, Seunghwan;Jung, Kyunghun;Hwang, Syewoon
    • Journal of The Korean Society of Agricultural Engineers
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    • v.61 no.6
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    • pp.31-40
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    • 2019
  • In order to implement practical alternatives to proactively cope with the agricultural drought, the potential vulnerability of irrigation pumping stations to agricultural drought was quantitatively evaluated. Data for the 124 pumping stations which are correlatable to the three proxy variables, i.e. exposure, sensitivity, and adaptive capacity was collected by the Korea Rural Community Corporation, and then standardized considering distribution of each data set. Finally, the vulnerability index was calculated by multiplying the weights determined by the expert survey. The results showed that the vulnerability index ranged from 0.709 to 0.331 and the most vulnerable pumping stations such as Judam, Wongoo and Jinahn were mostly located in Gyeongbuk province likely because of the climatological characteristics with high temperature and low rainfall around this area. In addition, it was found that the adaptive capacity was a dominant factor comparing to exposure or sensitivity proxy variables in contributing to the vulnerability. It is therefore recommended that more practical alternatives should be employed to effectively reduce the vulnerability of an individual pumping station to agricultural drought. Furthermore, the corresponding data related to adaptive capacity should be systematically organized and managed at a field level to design reliable adaptation strategies.

Profitability determinants of hospitals (병원의 수익성 관련 요인)

  • 이윤석;유승흠
    • Health Policy and Management
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    • v.13 no.3
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    • pp.129-147
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    • 2003
  • This study is to grasp a trend of profitability classified by characteristics of hospitals and to analyze related factors. Subjects are 145 hospitals which have gotten the standardization audit by Korean Hospital Association during 1998-200l. Profitability was measured in the aspect of operation profit rate with operating margin to gross revenue as proxy variables. Independent variables were classified by general factors (ownership, number of beds, period of establishment, competition), financial factors (liabilities to total assets, current ratio, fixed ratio, total asset turnover, inventories turnover), and factors related to patient treatment (average length of stay, bed occupancy rate, new outpatient ratio, admission ratio of outpatients, number of patients per specialist, personnel costs per adjusted inpatient, administrative costs per adjusted inpatient). Hierarchical multiple regression analysis model was used in this study. As a result of hierarchical multiple regression analyzation of operating margin to gross revenue, adjustive $R^2$ of general factors was relatively more powerful. The factors had significant effect on operating margin to gross revenue were ownership(+), number of beds(+), competition(+), current ratio(+), fixed ratio(+), total asset turnover(+), personnel costs per adjusted inpatient(-).

An Analysis on the Factors related to the Family Business Performance (가족기업의 성공 관련 요인 분석)

  • 정순희
    • Journal of Family Resource Management and Policy Review
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    • v.6 no.1
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    • pp.103-115
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    • 2002
  • The purpose of this study was to analyze which factor, influenced the business and family performance success. Data were obtained from 248 family households. Proxy variable of the business performance was gross business income and of the family performance was the Family AFGAR scores. The multiple regression analysis was conducted for both the business performance equation and family performance equation. The main results of this study were as followings: The results indicated the effects of various business and family characteristics on performance and their contributions to the business and family performance model. Nine explanatory variables such as sex, being home-based, number of hours worked per week, number of family employee, number of nonfamily employee, total asset, the presence of young child under 6, nonbusiness income, and role conflicts were statistically significant in the business performance equation and three explanatory variables such as the hours worked per week, family stress scores, and role conflicts were statistically significant in the family performance equation. The results indicated the need for a more comprehensive view of family business performance.

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Climate and Growth Relationship in Blue Pine (Pinus wallichiana) from the Western Himalaya, India (인도 서히말리아산 블루파인(Pinus wallichiana)의 연륜생장과 기후와의 관계)

  • Yadav, R. R.;Amalava, B.
    • The Korean Journal of Ecology
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    • v.20 no.2
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    • pp.95-102
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    • 1997
  • Ring width chronologies of blue pine (pinus wallichiana) from two mesic sites, Kanasar(2, 400 m) and Gangotri(3, 000 m), in the western Himalayan region. India were developed to understand tree growth-climate relationship and its applicability in proxy climate studies. The resoponse function analyses of the two chronologies show that the site conditions play an important role in modulating the effect of climatic variables on tree growth. Winter temperature, prior to the growth year, has been found to play positive influence on blue pine growth at both sites. Summer temperature also has very similar response except for June and August. June temperature has negative influence at the lower in contrary to at the higher site. Low August temperature favors tree growth to precipitation has been found to vary which could be due to different precipitation regime at the two sites. Winter precipitation is important for tree growth at the higher, whereas summer at the lower sits. The present study suggests that the tree ring materials of blue pine from the temperate Himalayan regions could be used to develop chronologies for the reconstruction of seasonal climatic variables.

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Application of Bayesian Networks for Flood Risk Analysis (베이지안 네트워크를 적용한 홍수 위험도 분석)

  • SunWoo, Woo-Yeon;Lee, Kil-Seong;Chung, Eun-Sung
    • Proceedings of the Korea Water Resources Association Conference
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    • 2012.05a
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    • pp.467-467
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    • 2012
  • As the features of recent flood are spatially concentrated, loss of life and property increase by the impact of climate change. In addition to this the public interest in water control information is increased and socially reasonable justification of water control policy is needed. It is necessary to estimate the flood risk in order to let people know the status of flood control and establish flood control policy. For accurate flood risk analysis, we should consider inter-relation between causal factors of flood damage. Hence, flood risk analysis should be applied to interdependence of the factors selected. The Bayesian networks are ideally suited to assist decision-making in situations where there is uncertainty in the data and where the variables are highly interlinked. In this research, to provide more proper water control information the flood risk analysis is performed using the Bayesian networks to handle uncertainty and dependency among 13 specific proxy variables.

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