• Title/Summary/Keyword: social economics

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The Impact of Corporate Social Responsibility on Brand Value and Financial Performance: Evidence from Bancassurance Service Providers in Vietnam

  • NGUYEN, Xuan Hung;DANG, Thuy Quynh;DINH, Thi Thao Quyen;DO, Phuong Thanh;PHAM, Thu Uyen;MAI, Duc Duong
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.6
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    • pp.183-194
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    • 2022
  • The objective of this article is to assess the impact of corporate social responsibility (CSR) implementation on Corporate Brand Value (CBV) and Corporate Financial Performance (CFP). At the same time, the article examines the mediated role of CBV on the relationship between CSR implementation and CFP. In-depth interviews and observation techniques were used in this article on 4 experts to collect qualitative information. Quantitative analysis was based on primary data obtained from 454 employees working at enterprises providing Bancassurance services. The article uses various models of Cronbach's Alpha coefficient, Exploratory Factor Analysis (EFA), Confirmatory Factor Analysis (CFA), and Structural Equation Analysis (SEM) using SPSS 22.0 and AMOS 20.0 software. In addition, a 5-point Likert scale is used to measure observed variables. Research results show that CBV plays an intermediate role in the relationship between CSR implementation and CFP. At the same time, the implementation of CSR toward communities, customers, and workers directly impacts CBV and CFP. The article draws a new conclusion; there is no relationship found between the implementation of CSR and CFP. The result proposes implications for the state and Bancassurance service providers to develop and implement CSR-related policies and activities to enhance their brand value and financial performance.

The Impact of Microfinance on Households' Socioeconomic Performance: A Proposed Mediation Model

  • ABDULLAH, W Muhammad Zainuddin B Wan;ZAINUDIN, Wan Nur Rahini Aznie Bt;ISMAIL, Sarina Binti;HAAT, Mohd Hassan Che;ZIA-UL-HAQ, Hafiz Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.821-832
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    • 2021
  • Economic deprivation of households remains a significant economic issue in the world. Researchers have shown great concern in identifying crucial factors to enhance poor households' socio-economic performance. Therefore, this paper aims to develop a new conceptual framework to investigate the influence of different microfinance services on households' socioeconomic performance using moderated mediation analysis of various crucial factors. Focus-group interviews with managements of the microfinance institution, i.e. Amanah Ikhtiar Malaysia (AIM), and a systematic literature review were conducted for this purpose, and a new framework for the future study has been developed. The result from focus-group interviews and systematic literature review propose microfinance financial services, training programs, and business coaching as independent factors, whereas household socioeconomic performance as a dependent factor in the proposed model. Specifically, this study provides the direction to scholars to empirically test the direct relationship between financial services and household socioeconomic performance and the indirect relationship between training programs, business coaching, and household socioeconomic performance. Further, microfinance institutions' service efficiency is also included as a moderator that can strengthen microfinance services' effectiveness. The study also provides useful implications for policymakers, financial institutions, households, micro-enterprises, and researchers to better understand microfinance interventions and household economic mechanisms.

Innovation Capacity of Student: A Case Study in Vietnam

  • DO, Anh Duc;PHAM, Nguyen Nguyen Thao;NGUYEN, Thi Minh Phuong;TU, Van Son;NGUYEN, Cam Nhung;NGUYEN, Hai Duong
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.5
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    • pp.189-199
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    • 2021
  • This study aimed to explore the factors affecting the innovation capacity of students at the National Economics University, Vietnam. Researchers used the innovation capacity model based on six factors, including personality traits, future orientation, creative skills, social interaction, content knowledge, and management skills. The empirical analysis used data from the survey of 303 students at National Economics University, Vietnam, with reliable tools (SPSS 26.0 software). The data were analyzed by testing the reliability of the scales, correlation analysis, and Pearson' Linear Correlation Coefficient, exploratory factor analysis, as well as regression model based on the survey data. The research results identified the following factors affecting innovation capacity of students: management skills, social interaction, and personality traits have the strongest impact on innovation capacity of students; content knowledge has the following strongest effects on innovation capacity of students; and finally the creative skills that affects on innovation capacity of students. There is also a positive relationship between all the factors and innovation capacity of students. The result can serve as useful reference sources for scholars who are interested in the innovation field. It also helps university's managers and policymakers build the appropriate environment to improve innovation capacity of students.

Impact of Chemical Pesticides Use in a Social Accounting Matrix Framework: A Case Study of Thailand

  • PUTTACHAI, Wachirawit;SINGHAPREECHA, Charuk;SIRISRISAKULCHAI, Jirakom
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.297-307
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    • 2021
  • Although there are several studies on the impact of pesticides use, there is no consistent conclusion about such evidence on capturing the socioeconomic independence. The propose of this paper is to investigate the economy-wide impact of pesticide use in Thailand. The research data and methodology in this paper are depended on a social accounting matrix framework incorporating the pesticide-related illness as an additional sector, following Resosudarmo and Thorbecke (1998), to explain the impact of the pesticides on the related agricultural sector, food sector, and the social welfare of different households. Thus, the main characteristics of the Thai economy can be comprehensively described by providing information contained in this framework. In this respect, the several data sets are constructed to include the economic and social structure interdependencies, which are necessary to analyze the policy implications, especially industrial policy. The results were analyzed according to the general equilibrium theory and the Leontief multiplier matrix. It reveals that the food industry and the economy are significantly affected by the pesticides. One of the most interesting findings of this paper suggest that the food sector needs to determine its output to avoid bottleneck situations and create equality across the food production system.

The Relationships between Maternal Variables and Children's Social Competence (어머니 관련변인과 아동의 사회적 역량과의 관계)

  • 구순주
    • Journal of the Korean Home Economics Association
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    • v.36 no.1
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    • pp.23-34
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    • 1998
  • The purpose of this study was to investigate the relationships between maternal education level, social support, attribution, mother-child communication and children's social competence. The major findings of this study were as follows; (1) The higher maternal education level and the higher internal attribution were, the more negative mother-child communication was. (2) The higher maternal education level is, the higher perceived social support is, and the more open-mined/positive mother-child communication is, the higher children's initiative, competence and sociability. Also, the more mother attribute children's behavior internally, the lower the children's competence is.

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Corporate Governance and Environmental Performance: How They Affect Firm Value

  • WAHIDAHWATI, Wahidahwati;ARDINI, Lilis
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.953-962
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    • 2021
  • This study aims to examine the effect of environmental performance and good corporate governance (GCG) on the firm values mediated by corporate social responsibility (CSR). The sample in this study was obtained using a purposive sampling method and collected from 205 companies. The analytical method used is moderating regression analysis. The results of this study indicate, first, that corporate social responsibility affects the value of the company. The results of this study indicate that the better corporate governance will increase the value of the firm and vice versa. Second, corporate social responsibility has a direct effect on the firm value, but the effect is still smaller when compared with the internal mechanisms of good corporate governance. This study also found that corporate social responsibility cannot mediate the effect of good corporate governance on firm value. Third, the company's environmental performance influences the company's value. Finally, the effect of environmental performance on company value will be better if mediated by corporate social responsibility. This result shows that environmental performance is a proof that the company's environmental and social concern, which is manifested in corporate social responsibility, will be responded positively by the market so that it will increase share prices (firm value).

Adolescents' Social Network and their Self-Perceived Competence (청소년의 사회적 관계망과 역량지각)

  • 최은희;공인숙
    • Journal of the Korean Home Economics Association
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    • v.39 no.11
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    • pp.63-72
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    • 2001
  • The purpose of this study was to examine the relationship of adolescents'social network and their self-perceived competence. In this study 207 seventh and ninth grade adolescents completed Social Network of Relationships Inventory(NRI) and Self-Perception Profile For Children(SPPC). The data were analyzed by Frequencies, Percentiles, t-test, Cronbach's $\alpha$, Pearson's correlation. Major findings were as follows: 1) Social network of relationships with various social agents made different contributions to the prediction of adolescents'self-perceived competence. 2) In social network of relationships, boys perceived significantly higher than girls for the social support from teacher. In Competence, boys perceived significantly higher than girls for the social acceptance and athletic competence. 3) In social network of relationships, the seventh grader perceived significantly higher than the ninth grader for the social support from mother, father and teacher. In scholastic competence, athletic competence, physical appearance and global self-worth, the seventh grader perceived significantly higher than the ninth grader.

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Environmental Corporate Social Responsibility in a Polluting Duopoly and Endogenous Timing Game (오염배출기업의 환경에 대한 사회적 책임과 내생적 시간게임)

  • Lee, Sang-Ho;Park, Chul-Hi
    • Environmental and Resource Economics Review
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    • v.27 no.1
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    • pp.1-28
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    • 2018
  • This study investigates the strategic environmental corporate social responsibility (ECSR) of polluting duopoly when two firms have different production costs and compete with prices. We then examine an endogenous timing game in choosing ECSR and its effects on environmental damage and social welfare. The followings are the main findings: First, sequential choice of ECSR is strategic complements and it provides late adopter advantage irrespective of cost difference. Second, sequential choice of ECSR is the equilibrium of endogenous timing game. In particular, an efficient firm-leading ECSR is the payoff dominance equilibrium when cost difference is significant. Finally, environmental damage and social welfare depend on the social cost of pollution. In particular, an efficient firm-leading ECSR is socially desirable when social cost is high. However, an inefficient firm-leading ECSR increases environmental damage irrespective of social cost and it reduces social welfare when cost difference is significant.

Temperament and Social Support in Relation to Positive and Negative Emotion of Institutionalized Children (시설보호 아동의 기질 및 사회적 지지와 긍정적.부정적 정서의 관계)

  • Moon, Chi-Yun;Lim, Jung-Ha
    • Journal of the Korean Home Economics Association
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    • v.49 no.3
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    • pp.79-86
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    • 2011
  • The purpose of this study was to examine the relationships between temperament, social support and positive, as well as negative emotions of institutionalized children. The participants were 198 children aged from 10 to 13 years old. They were recruited from 20 childcare facilities in Seoul. Data were analyzed using Cronbach alphas, factor analyses, frequencies, percentiles, t-tests and hierarchical regression analyses. The major findings were as follows: 1) on average, girls showed higher emotionality in temperament compared to boys. Girls reported greater support of school teacher than boys. Boys experienced significantly higher positive emotions than girls, while girls reported significantly higher negative emotions than boys. 2) Positive emotions were influenced by the support of the institutionalized family as well as school teachers. Negative emotions were influenced by the support of the institutionalized family.

Dimensions of Corporate Social Responsibility and Market Performance: Evidence from the Indonesia Stock Exchange

  • Sudana, I Made;Sasikirono, Nugroho;Madyan, Muhammad;Pramono, Rifqi
    • Asia Pacific Journal of Business Review
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    • v.3 no.2
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    • pp.1-25
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    • 2019
  • This study aims to examine the relationship between certain dimensions of Corporate Social Responsibility (CSR) with market performance, measured by Tobin's Q, on companies within various industries in Indonesia. This study disaggregates CSR into 7 dimensions: environment, energy, occupational safety and health, employee, product, community, and general. Samples consisted of 385 companies listed on the Indonesia Stock Exchange (IDX) during 2007-2014. OLS analysis shows that CSR contributes greatly to the formation of market performance of consumer goods, agriculture, and miscellaneous industries. The dimensions of CSR contribute differently to the formation of Q ratios in different industries. We also found that there are differences in the speed of effect of several dimensions of CSR on the formation of market performance; some CSR dimensions give immediate effect while others are lagged.