• The Journal of Asian Finance, Economics and Business
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• 제8권7호
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• pp.423-431
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• 2021

This research (1) examines the effect of stock ownership structure on capital structure; (2) explains the effect of stock ownership structure on corporate value; and (3) investigates the influence of capital structure on corporate value. This research is categorized as a quantitative research, which is directed to test various theories. In this study, the population of all consumption companies listed on the Indonesia Stock Exchange (IDX) consist of 38 companies. Population data in this study are all consumption companies, which have gone public in the period from 2010 to 2015. In this study, given the objectives and problem formulation and hypothesis, the analysis method used is Generalized Structural Component Analysis (GSCA). Ownership structure has a significant effect on capital structure; ownership structure has no significant effect on corporate value; capital structure has a significant effect on corporate value; corporate value has a significant effect on capital structure. Previous research found different results. Some researchers found a positive relationship and other researchers found a negative relationship, and there are studies that found both significant and non-significant effects. The inconsistency of previous research results prompted the researchers to examine the effect of ownership structure on capital structure and corporate value.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.813-821
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• 2021

The relationship between capital structure policy and firm value is interesting to study because the concept of capital structure was initiated by Modigliani and Miller who claimed that the company's capital structure is not a factor in its value. They asserted that linking leverage with firm value was irrelevant. Therefore, this study examined the role of growth opportunities as a moderating variable for the relationship between capital structure and firm value. The population of this study is 300 companies from the manufacturing sector that are listed on the Indonesia Stock Exchange (IDX) for the period 2015-2018. To analyze the data, the subgroup moderation method was employed by dividing the data into two parts: companies with high growth opportunities and companies with low growth opportunities. The results revealed that capital structure had a direct positive effect on firm value. Furthermore, the test results of the two regression models of growth opportunities as the moderating variable are very interesting. It was found that for companies with high growth opportunities, the use of debt had a negative effect on firm value, and conversely, the use of debt had a positive effect on firm value for companies with low growth opportunities. The statistical F-test results proved that growth opportunities are a moderating variable for the relationship between capital structure and firm value.

• Archives of Pharmacal Research
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• 제12권1호
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• pp.26-33
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• 1989

Nineteen flavonoids, five phenolics, two coumarins, maltol and L-ascorbic acid were tested as scavenger of nitrite which is believed to participate in the formation of N-nitroso compounds. Many were found to be potent scavenger and the five most potent ones were (+)-catechin, (-)-epicatechin, phloroglucinol, caffeic acid and L-ascorbic acid. The nitrite scavenging effect was higher at pH 1.2 than pH 3.0 and increased when the incubation time was longer. The possible relationship of structures to scavenging effect of the flavonoids tested was discussed.

• 한국콘텐츠학회논문지
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• 제10권5호
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• pp.229-240
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• 2010

산업조직론적 차원에서 국내외 종합유선방송(SO)사업 중심으로 연구가 이루어졌으며, 프로그램공급업(PP)에 대한 연구도 일부 있었다. 그러나 PP의 시장 구조, 시장 행위, 시장 성과간의 관계를 종합적으로 분석한 논문은 없었다. 이 연구는 케이블TV 시장 내에서 PP를 시장 구조, 시장 행위, 시장 성과간의 관계를 종합적이고 역동적인 측면에서 살펴보았다. 산업조직론적 시각에서 국내 40개 상업 PP를 대상으로 첫째, 시장구조와 시장행위, 둘째, 시장행위와 시장성과, 셋째, 시장구조와 시장성과간에 어떤 영향을 미치는지에 대해 분석하였다. 분석 결과 : 첫째, 구조 행위와의 관계에서 수평결합이 가격 및 규모에 영향을 미쳤다. 둘째, 행위 성과 측면에서는 가격이 가입자당 매출액 및 시청율에 영향을 미쳤다. 수신료 의존도의 경우 가입자당 매출액에 부적으로 영향을 미쳤다. 셋째, 구조 성과와의 관계에서 수평결합은 시청율에 영향을 미쳤고, 제품 차별화는 가입자당 매출액에 부적으로 영향을 미쳤다. 매출원가는 매출액영업이익률에 부적으로 영향을 미쳤다.

• 대한가정학회지
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• 제48권7호
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• pp.33-48
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• 2010

The purpose of this study was to explore the effects of family structure(parentral marital status and socioeconomic status), parental communication, academic problems, and peer relationship on juvenile delinquency. The participants were 1009 middle school and high school students in Seoul city and Gyeonggi Province. The major results were as follows: 1) Parental marital status(divorced/seperated) had both direct and indirect positive effects and lower class in socioeconomic status had an indirect positive effect on academic problems and peer relationship on juvenile delinquency rates. 2) Open maternal communication had a direct negative effect on juvenile delinquency rates. However, open paternal communication had both direct and indirect negative effects. 3) Academic problems had both direct and indirect positive effects on juvenile delinquency rates. 4) Peer relationship had a direct positive effect on juvenile delinquency rates. 5) The level of effects that each variable had differed by delinquency types. Based on these results, implications for preventing juvenile delinquency were discussed.

• 한국콘텐츠학회논문지
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• 제19권3호
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• pp.539-547
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• 2019

본 연구의 목적은 팀 프로세스의 작은 세상 구조가 팀 성과에 미치는 영향을 탐색적으로 살펴보는 것이다. 관련 문헌을 고찰하여 팀 프로세스의 작은 세상 구조와 팀 성과 사이의 관계를 이론적으로 논의하였으며, 축구팀의 패스 데이터를 이용하여 실증적으로 분석하였다. 2014년 브라질 월드컵 경기의 패스 데이터를 수집하여 128개의 패스 네트워크를 구성하고 작은 세상을 나타내는 구조적 특성을 측정하였다. 이 과정에서 작은 세상의 정도를 측정하는 데 폭넓게 사용된 작은세상지수(small-world index)의 단점을 극복할 수 있는 새로운 지수를 개발하였다. 그리고 작은 세상 구조와 성과 사이의 관계를 밝히기 위하여 상관분석과 회귀분석을 실시하였다. 분석 결과에 의하면, 팀 프로세스의 군집성은 팀 성과와 지수함수의 관계가 있고 팀 프로세스의 연결성은 팀 성과와 로그함수의 관계가 있는 것으로 나타났다. 결과적으로 팀 프로세스의 작은 세상 구조는 팀 성과에 긍정적인 영향을 미치는 것으로 나타났다. 이론적 논의와 실증적 분석을 통해, 본 연구는 팀 프로세스의 작은 세상 구조가 팀원 사이의 업무 조정과 협업을 촉진하는데 효과적으로 작용하여 팀 성과에 긍정적인 영향을 미친다는 것을 밝혀내었다.

• The Journal of Asian Finance, Economics and Business
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• 제7권12호
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• pp.293-308
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• 2020

This study aims to investigate the direct relationship between ownership structure, earnings manipulation, and organizational performance, and then examine the mediating effect of earnings manipulation in the relationship between ownership structure and organizational performance. This study collected and analyzed secondary data published in financial reports related to all insurance organizations listed in the Jordanian market during the study period (from 2009 until 2018). A panel data analysis was conducted, giving a total of 200 observations. The findings of this study concluded that ownership concentration, foreign ownership, and organization size affect organizational performance proxied by ROA, ROE, and EPS, more specifically, ownership concentration and organization size have a positive effect, whereas foreign ownership has a negative effect. At the same time, board of director ownership, organizational ownership, and CEO compensation did not affect organizational performance. Next, the board of director ownership, ownership concentration, foreign ownership, and CEO compensation affect earnings manipulation separately. In addition, earnings manipulation positively affects organizational performance proxied by ROA, ROE and EPS. This means that the higher the earnings manipulation is, the higher the organizational performance is. Finally, earnings manipulation mediates the relationship between ownership concentration and foreign ownership of ownership structure, and organizational performance.

• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.337-343
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• 2021

The study's objective is to ascertain the state of the creative industry's market structure, the behavior of entrepreneurs ("conduct"), and the performance of the creative industry in Indonesia. Additionally, this study evaluates the relationship between structure, conduct, and performance within the context of the relationship between the three. This study analyzes longitudinal data from 2005 to 2015 for sub-sectors within the creative industry. The first step is to group statistical sub-sectors into creative-industry categories. The next step is to quantify and analyze the structure, behavior, and performance indicators of each creative industry subsector. Then, using a random effect panel data model, the relationship between structure and performance was estimated and examined. The findings of this study suggest that market share and concentration ratio calculations indicate that the creative industry in Indonesia has a monopolistic market structure. With this market framework, the creative industry's conduct can have an effect on prices. This is undoubtedly consistent with the features of the creative industry, which emphasize innovation as a means of adding value. The panel data estimation findings suggest the need for long-term efforts to maintain a market framework that enables businesses to compete fairly, innovate, and bring value.

• Bulletin of the Korean Chemical Society
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• 제15권12호
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• pp.1070-1079
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• 1994

Quantitative Structure-Activity Relationship (QSAR) studies are performed for the sets of 40 quinolones and 47 naphthyridines. Net charge, van der Waals volume, polarizability, and dipole moment are empolyed as theoretical descriptors(independent variables) to find the relationship between activity and physicochemical properties such as electrostatic effect, steric effect, and transferability. The results are analyzed by the regression and the factor analysis. It is found that for Gram-negative bacteria, the QSAR of quinolone and naphthyridine are substantially different: to describe the activity, the electrostatic effect is the most important for quinolone, and the steric effect and the transferability for naphthyridine.

• 한국정보시스템학회지:정보시스템연구
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• 제28권1호
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• pp.73-96
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• 2019

Purpose The purpose of this study is to examine the effect of communication-structure characteristics on performance in online collaboration using the data from Github, one of representative open source software development platforms. We analyze the impact of in-degree/out-degree centralization and reciprocity of communication network on collaboration performance in each project. In addition, we investigate the moderating effect of owner types, an individual developer or an organization. Design/methodology/approach We collect the data of 838 Github projects, and conduct social network analysis for measuring in-degree/out-degree centralization and reciprocity as independent variables. With these variables, hierarchical regression analysis is employed on the relationship between the characteristics of communication structure and collaborative performance. Findings Our results show that for the project owned by an organization, the centralized structure of communication is not associated with the collaboration performance. In addition, the reciprocity is positively related to the collaboration performance. On the other hand, for the project owned by an individual developer, the centralized structure of communication is positively related to the performance, and the reciprocity does not show the positive relationship on the performance.