• Title/Summary/Keyword: social capital level

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The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International journal of advanced smart convergence
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    • v.12 no.2
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    • pp.193-200
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

The Effects of ESG on Returns : Focusing on Chinese IT Companies

  • Jun-Chen Lin;Ji-Young Kwak
    • International Journal of Advanced Culture Technology
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    • v.11 no.2
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    • pp.389-396
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    • 2023
  • This paper selects 100 IT companies listed on the Shenzhen Stock Exchange from 2016 to 2020, and the public announcement in Hwajung collects ESG integrated ratings and grades for each sector and empirically verifies the relationship between ESG ratings and stock returns. Huazheng ESG level data and QIANZHAN database Using corporate financial data, a total of 500 samples were selected through correlation analysis and linear regression analysis with SPSS23 to analyze the effect of ESG on Return. As a result of the analysis, first, the impact on stock returns was found to be a significant positive (+) value for ESG integrated ratings and ratings by E (environment), S (social), and G (governance) sectors, confirming that ESG ratings have a positive mold of corporate stock returns. Currently, the world's major economies have proposed sustainable development strategies and "carbon neutral" goals. Development strategies are very consistent with ESG concepts, and companies that agree and execute ESG concepts may have higher ratings than other companies in the same industry, resulting in certain evaluation premiums. In addition, capital market performance in recent years shows that companies with ESG concepts or "carbon neutrality" concepts are generally considered to have higher growth potential and stronger anti-risk capabilities in the market. For listed companies, they should focus on ESG investment, improve ESG performance, and actively disclose related information to investors. Improving ESG performance should deliver positive information to society, enhance corporate image, increase market confidence in the future development of listed companies, and positively improve corporate value to actively increase financial, financial, trading, and other aspects of negotiation.

Development of Infrastructure Maintenance Map based on GIS Data for Efficient Budget Management

  • Changjun Lee;Taeil Park;Yongwoon Cha
    • International conference on construction engineering and project management
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    • 2024.07a
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    • pp.209-215
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    • 2024
  • Many developed countries, including Korea, are rapidly aged owing to years of use. Infrastructures such as roads, water, and sewage are Social Overhead Capital (SOC), which provide convenience to the nation and support national economic growth. Thus, continuous maintenance and investment are required because infrastructure deterioration is directly related to social effects, such as quality of life and safety. In addition, because infrastructure maintenance costs a lot of the budget, it is necessary to appropriate criteria for budget allocation, given assessing the condition of infrastructure. This study developed an Infrastructure Maintenance Map (IMM) based on a Geographic Information System (GIS) for infrastructure maintenance budgets and investment priorities. The IMM uses maintenance information for roads, bridges, water, and sewage, obtained from Bridge Management System (BMS), Pavement Management System (PMS) and facility data in South Korea. The IMM can calculate deterioration levels and maintenance costs of infrastructure repair methods. Maintenance priorities are also evaluated based on Multi-Attribute Utility Theory using the deterioration level, economic feasibility, and effect of facilities. This study contributes to easy decision-making regarding infrastructure investment priorities and maintenance budgeting to the status of facility on the 3D map by IMM.

Self-rated Health and Its Indicators: A Case of the 2001 Korean National Health and Nutrition Examination Survey

  • Ahn Byung-Chul;Joung Hyo-Jee
    • Journal of Community Nutrition
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    • v.8 no.1
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    • pp.38-43
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    • 2006
  • There were numerous evidences that subjective health evaluation was a powerful indicator for morbidity and mortality in many countries. Since self-rated health (SRH) was a reasonable health measure, identifying predictors for SRH would be beneficial for assessment of overall health, monitoring health status, and development of health promotion programs. Health risks, health behavior, socioeconomic characteristics and social capital were potential indicators for SRH. We examined association. between SRH and indicators such as health risk factors, subjective living condition, income, education level and dietary variety score. Total 4,262 subjects, aged between 20 and 69 years old, were selected from KNHANES 2001; those who completed health examination, nutrition survey, and provided their socioeconomic information. Results of logistic regression showed that it was likely to have better SRH for those who were younger, male and have higher education, higher income, better living condition, no metabolic syndrome and higher dietary variety.

Articulating Science Teachers' Values and Convictions for Teaching Socioscientific Issues: Based on Essentialist Methodology

  • Lee, Hyun-Ju
    • Journal of The Korean Association For Science Education
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    • v.28 no.3
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    • pp.253-268
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    • 2008
  • This paper has two major purposes. One is to introduce the essentialist methodology as a way to articulate subjective aspects of human beings (e.g. teachers' personal values and concerns, philosophies, subjective experiences, etc.) at a deeper level. And the other is to present two portraits, as examples, of science teachers who actively address socioscientiifc issues (SSI) out of their own motivations. The primary data source was consecutive in-depth interviews with two science teachers, Jenna and Thomas, and the interviews were conducted on the basis of the principle of the "participant as ally" (Witz, 2006). The articulation based on the essentialist methodology shows that teachers' deep-rooted values and convictions often play a significant role as a personal social capital enough to expand their teaching practice (i.e. teaching SSI). Namely, this study confirms that teachers who are motivated out of their own convictions are likely to actively develop their own personal practical knowledge, and to implement particular topics or teaching strategies.

The industrialization and the change of social structure of the traditional rural villiage in the Seoul Metropolitan suburbs (서울 近郊 傳統 農村의 變化)

  • ;;Jung, Bu-Mai;Choi, Ki-Yeop
    • Journal of the Korean Geographical Society
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    • v.29 no.3
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    • pp.340-359
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    • 1994
  • This study intends to describe the characteristics of the transformation of the rural society by tracing the changing social and economic processes of traditional clan villiage (Yeolmi-ri, Silchon-myeon, Kwangju-gun, Kyunggi-province) in the suburbs of Seoul Metropolitan Area. Rural society has experienced serious change of the social structure by the ever expanding urbanization and industrialization since 1960's. The suburbs of Seoul Metropolitan Area is the representative case area of such transformation. This study analyzed various chracteristics of population structure of a villiage, the processes of residential movement and the occupational shift of each household of the villiage in terms of household's life-history collected by interviewing with each household. And the whole households of a villiage is divided by two groups of the native clan group and the non-dan in-migrant group. The results of this study are summarized as follows. 1) This villiage is located within a lineal distance of 40km and a time distance of about 30 to 40 minutes, adjoined dy the Joongbu(중부) national highway, the Kyungchoong (경충) industrial road, the local road between Yangpyuna(양평) and Gonjiam(곤지암) and having a advantageous iocational linkage to Seoul capital city. 2) It is a typical traditional dan villiae constituted of dan family Gu(구) one of whose ancestors had appointed to the prime minister of Chosun Dynasty, and until 1979, 56 out of 60 families of the villiage households were clan families. 3) Since 1979, as the villiage invaded by the out-movement of the small scale manufacturing industries from Seoul capital city, labours moved in this vallige from outside and increased villiage size up to 203 households in 1993, consequently the constitutional proportion between the native clan group and the non-clan in-migrant group was reversed up to 28% vs 72% deepening the sociological heterogeneity. 4) Because of the small scale of industries in this villiage and the vicinity with the city of Seoul, the population turnover of this villiage is very high. The turnover frequency is firstly high within same administrative district of gun(군) level and secondly high between this villiage and the city of Seoul. Thus short-distance movement is identified. 5) There is a close correlation between the residential movement and the occupational shift. The most numbers of non-farm native group have the experiences of migration while the members of native farming group don't shift both the job and the place of residence. The inmigrant group had several migration experiences but few occupational shifts. Thus occupatioanl shift is high for the native group while residential shift is high for the in-migrant group. It is concluded that the change proceeded in Metropolitan suburbs was not directed to form the traditional rural village as 'gesund Gebiet' with respect to the ballance among the economic, cultural and environmental adequency.

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Multiple Implications of the Restoration of Coastal Wetland Ecosystem and the Establishment of a Strategic Restoration Framework (갯벌복원의 함의와 복원추진체계 구축에 관한 연구)

  • Nam, Jungho;Son, Kyu-Hee;Khim, Jong Seong
    • Ocean and Polar Research
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    • v.37 no.3
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    • pp.211-223
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    • 2015
  • Korean society has been recently promoting the restoration of coastal wetlands. These efforts might become the basis of a policy framework that compensates for the limitations of a regulation-oriented policy such as the designation of Marine Protected Areas (MPAs). The shift in government policy could contribute to strengthening the socioeconomic infrastructure of coastal development through the accumulation of ecological capital. Although our scientific efforts and social demands in regard to the ecological restoration of the coastal wetlands have increased during the past years, the bases for restoration in Korea requires that scientific, technological, financial, social and legal aspects be enhanced. The present study re-examined the concept and attitudes behind coastal wetland restoration in the light of changing circumstances in Korea. Herein, we first defined coastal wetland restoration as "An act of recovering the functions of the ecosystem of coastal wetlands to a state that resembles conditions prior to being damaged." Next, this study discussed the limitations and future directions of such restoration efforts based on the descriptive analyses of recent restoration practices from social, economic, and technological aspects. Finally, we suggest future policy directions regarding coastal wetland restoration on the basis of a PFST (Policy, Financial, Social, and Technological) analysis; 1) re-arranging legal mechanisms, 2) setting multi-dimensional restoration goals, 3) establishing a multi-discipline- and convergence based R&D system, 4) linking spatial management and local development to the restoration, 5) building restoration governance at the local level, 6) implementing an ecosystem service payment system, and 7) applying test-bed projects in accordance with proper directions.

The effect of parents'socioeconomic status on academic achievement: Focusing on the mediating effect of parental emotional support and student's ego resilience (부모의 사회경제적 지위가 학업성취에 미치는 영향 : 부모의 정서적 지지와 학생 자아탄력성의 매개효과를 중심으로)

  • Kim, Young-Eun;Um, Myung-Yong
    • Korean Journal of Social Welfare Studies
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    • v.49 no.4
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    • pp.5-30
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    • 2018
  • The purpose of this study was to develop and empirically evaluate a theoretical model that delineated the processes whereby parents' socioeconomic status affected students'academic achievement via parental support and students' ego-resilience. The proposed model was tested with the first and second wave of a cohort sample of the first grade middle school students from the Korean Children Youth Panel survey by using linear structural relations techniques. The results of analysis showed firstly that parents' socioeconomic status, parental support and students' ego-resilience directly affected the level of students'academic achievement with statistical significance. Secondly, parental support, the proxy of social capital of the family, was contingent upon the parents'socioeconomic status. Thirdly, in addition to its direct effect, parents'socioeconomic status gave indirect effect on students' academic performance through parental support and ego-resilience. Based upon these results implications for social work intervention were provided.

Characteristics and Factors Affecting of Depression by Households Type of Elderly with Disabilities: Convergent Approach of Living Environment and Psychology (가구유형에 따른 장애노인의 특성과 우울 영향 요인: 거주환경과 심리의 융복합적 접근)

  • Park, Ju-Young
    • Journal of Digital Convergence
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    • v.18 no.6
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    • pp.459-466
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    • 2020
  • This study aimed to analyze characteristics and factors affecting of depression by households type of elderly with disabilities. Data were analyzed using chi-square test, logistic regression analyses according to the PSED. Data were 608 individuals. First, The one-person households group showed significantly female, non-capital, severe disorder, lower health status, lower economic level, higher help for daily life, higher experience of discrimination, lower satisfaction with relationship, lower participation in social activities. Second, Factors affecting depression included experience of discrimination, participation in social activities. Multi-person group included gender, occupied area, health status, economic level and one-person group were help for daily life. In order to reduce depression, it is necessary to reduce experience of discrimination, improve awareness of disability, health care, economic supports and so on. This study is meaningful in that it classifies households types. In the future, there is a need to longitudinal studies.

Prospects and Economics of Offshore Wind Turbine Systems

  • Pham, Thi Quynh Mai;Im, Sungwoo;Choung, Joonmo
    • Journal of Ocean Engineering and Technology
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    • v.35 no.5
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    • pp.382-392
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    • 2021
  • In recent years, floating offshore wind turbines have attracted more attention as a new renewable energy resource while bottom-fixed offshore wind turbines reach their limit of water depth. Various projects have been proposed with the rapid increase in installed floating wind power capacity, but the economic aspect remains as a biggest issue. To figure out sensible approaches for saving costs, a comparison analysis of the levelized cost of electricity (LCOE) between floating and bottom-fixed offshore wind turbines was carried out. The LCOE was reviewed from a social perspective and a cost breakdown and a literature review analysis were used to itemize the costs into its various components in each level of power plant and system integration. The results show that the highest proportion in capital expenditure of a floating offshore wind turbine results in the substructure part, which is the main difference from a bottom-fixed wind turbine. A floating offshore wind turbine was found to have several advantages over a bottom-fixed wind turbine. Although a similarity in operation and maintenance cost structure is revealed, a floating wind turbine still has the benefit of being able to be maintained at a seaport. After emphasizing the cost-reduction advantages of a floating wind turbine, its LCOE outlook is provided to give a brief overview in the following years. Finally, some estimated cost drivers, such as economics of scale, wind turbine rating, a floater with mooring system, and grid connection cost, are outlined as proposals for floating wind LCOE reduction.