• Title/Summary/Keyword: trade risk

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Corporation's Adaptation to Climate Change Related Natural Disasters : Embedding Resiliency in Supply Chain - A Study on Climate Change Related Natural Disaster Adaptation for Corporations -

  • Pak, Myong Sop;Kim, In Sun
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.64
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    • pp.239-264
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    • 2014
  • Two types of responses to climate change exist. First is climate mitigation which includes efforts of reducing CO2 and GHG emissions. Second response is climate adaptation process which is establishing climate resilience in the supply chain. The two are inherently different since mitigation strategy focus on eliminating the source of climate change and is long term in nature but adaptation strategy is moderating the impact of potential or current climate change. In order to embed climate resilience in the supply chain, mitigation strategies and adaption strategies must be implemented simultaneously. Corporation's adaptation to climate change related natural disaster can be seen as a response that includes mitigation and adaptation strategies simultaneously. A comprehensive climate change resilience supply chain approach has to be developed. This paper illustrated guidelines and adaptation process framework businesses can utilize in order to build climate resilience. Screening process before the actual assessment of risk was introduced as well as the whole adaptation process of establishing information system and strengthening climate-related operational flexibility.

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Research Ethics of Plagiarism of Adult Learners

  • Hwang, Hee-Joong;Chae, Soo-Joon
    • East Asian Journal of Business Economics (EAJBE)
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    • v.5 no.3
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    • pp.41-47
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    • 2017
  • Purpose - Adult learners are easily exposed to the risk of plagiarizing others' writings when writing papers or reports. Therefore, this study investigates the research ethics of adult learners and suggests alternatives for research ethics standards in online lifelong education system. The purpose of this study is to investigate the causes of violation of research ethics and preventive measures (education program) for adult learners. Research design, data, methodology - Before establishing a research ethics education plan, it is confirmed through the empirical investigation of adult learners in undergraduate. In this study, 30 questionnaires of 5-point Likert scale were used to examine the level of consciousness of adult learners related to research ethics. Results - First, the experience of participating in ethics education and the presence of prior knowledge did not affect the prevention of research ethics violation. Second, adult learners did not learn about research ethics in the pre- college education environment and they frequently engaged in research ethics violation without guilt or consciousness. Third, the students who experienced the research ethics violation (plagiarism) were more willing to know and use the plagiarism search program. Fourth, Opinions differed according to age as to the need to enforce research ethics compliance. Conclusions - Universities should clearly and easily announce and monitor plagiarism criteria or guidelines. When adult learners are relieved of the anxiety about the possibility of violation of research ethics, a developmental and original research atmosphere will be created.

Nurse's Work Related Back Pain in the U. S. (미국 간호사의 직업성 요통)

  • June, Kyung Ja
    • Korean Journal of Occupational Health Nursing
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    • v.14 no.1
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    • pp.44-55
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    • 2005
  • Purpose: The purpose of this study was to describe the current status of work-related back pain among nurses in the U.S. Method: Literature review and website searching were conducted. Key words as 'nurse and back pain (or back injury)' were used in searching the Medline, NIOSHTIC-2and reference list of selected studies. Total studies were selected of which subjects were nurses working in the U.S., and published since 1970. Results: Though there was variation in the measurement among studies, the prevalence rate of back pain among nurses in the U.S. could be estimated about 50%. Risk factors were confirmed as the frequency of patient lifting, ward, nursing shortage, overtime, work shift, stress on physical demand, but age and work experiences showed the inconsistent relation. It has been well known that educational approach is not enough to prevent back pain. Intervention studies to apply the ergonomic approach using mechanical devices reported the effects, but the devices were less diverse than European countries or Canada. The study for lifting team was rare. Federal government developed only the guideline for nursing home that had no legal obligation. As a professional nursing organization, ANA has been trying to educate and advocate for "No lift policy" since 2003. Meanwhile, two trade unions of nurses made efforts to establish the law strengthening the responsibility of health care facilities. Conclusion: The research and policy development will be needed to prepare to rapid increase of back pain among Korean nurses.

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Intestinal Parasites in an Ottoman Period Latrine from Acre (Israel) Dating to the Early 1800s CE

  • Eskew, William H.;Ledger, Marissa L.;Lloyd, Abigail;Pyles, Grace;Gosker, Joppe;Mitchell, Piers D.
    • Parasites, Hosts and Diseases
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    • v.57 no.6
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    • pp.575-580
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    • 2019
  • The aim of this study is to determine the species of parasites that affected the inhabitants of the city of Acre on the coast of the eastern Mediterranean during the Ottoman Period. This is the first archaeological study of parasites in the Ottoman Empire. We analysed sediment from a latrine dating to the early 1800s for the presence of helminth eggs and protozoan parasites which caused dysentery. The samples were examined using light microscopy and enzyme-linked immunosorbent assay (ELISA) kits. We found evidence for roundworm (Ascaris lumbricoides), whipworm (Trichuris trichiura), fish tapeworm (Dibothriocephalus sp.), Taenia tapeworm (Taenia sp.), lancet liver fluke (Dicrocoelium dendriticum), and the protozoa Giardia duodenalis and Entamoeba histolytica. The parasite taxa recovered demonstrate the breadth of species present in this coastal city. We consider the effect of Ottoman Period diet, culture, trade and sanitation upon risk of parasitism in this community living 200 years ago.

An Analysis of the Relationship between Market Rates and the Profits of Tramp Shipping (부정기선 해운업의 이윤과 금리의 관계 분석)

  • Choi, Young-Jae;Kim, Hyun-Sok;Chang, Myung-Hee
    • Journal of Korea Port Economic Association
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    • v.31 no.2
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    • pp.55-67
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    • 2015
  • This study analyzes the relationship between shipping profit and market return in the tramp trade from January 2000 to October 2014. First, we carry out the causality test and find a causal relationship between the studied variables. Second, the estimates from the Johansen cointegration test show that shipping profit is cointegrated with market return, which implies that a long-run relationship exists among the variables. The empirical results thus imply that shipping firms need diverse risk management strategies.

CSR Impact on the Firm Market Value: Evidence from Tour and Travel Companies Listed on Chinese Stock Markets

  • LEE, Jung Wan
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.7
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    • pp.159-167
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    • 2020
  • The study examines the impact of corporate social responsibility (CSR) activity on the firm market value, in particular, market capitalization of tour operators listed on Chinese stock markets. This study employs panel data analysis methods to examine endogeneity concerns in observational data. The balanced panel data includes a total of 1,296 observations with 27 cross-sections of tour operators listed on Chinese stock markets and with 48 time-specific periods from March 2006 to December 2017. The results indicate that CSR activity has a negative impact on the market value of the firm for the concurrent period, but from one-period time lag and afterwards CSR activity has a strong positive impact on the market value and sustains its positive impact on the market value even for a two-period time lag. The findings suggest that the economic effect of CSR activity on the firm market value tends to take some degree of lagged effects to be fully showcased in the market capitalization of tour operators and travel companies listed on Chinese stock markets. The findings suggest that, though CSR activity may carry some financial risk for an immediate short-term, tour operators must put a lot of time and effort into making CSR actions effective.

Optimal Capital Structure of Listed Firms - A Structural Approach: Evidence from Vietnam

  • NGUYEN, Anh Thi Van;DAO, Binh Thi Thanh
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.11
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    • pp.213-221
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    • 2021
  • The paper attempts to investigate the optimal capital structure of Vietnamese listed firms based on a structural approach. Using the data from around 70 companies in the Consumer Staples sector listed on the Vietnamese Stock Exchange during the period 2018-2020, this study finds that the optimal capital structure of examined companies has a wide range of diversification. This can be explained by the various types of actual products for each typical firm within the chosen sector. The result also confirms that a large proportion of researched firms were actually overleveraged, which is consistent with the trade-off hypothesis that firms wish to take tax advantages while using more debt, which creates the benefits from tax-shield. Furthermore, the research highlights the reversed correlation, which suggests that the lower the company's risk (the lower the sigma of the assets), the greater the optimal capital structure is suggested. Another interesting finding is that almost all consumer staples companies have a better optimal capital structure under the Leland and Toft (1996) model than under the Leland (1994) model. Furthermore, there is a strong correlation of optimal financial leverage ratio between years. In other words, the optimal debt levels of the latter year are strongly dependent on the gearing levels of the previous years.

The distribution channel, strategic factor and firm performance: Evidence from FDI enterprises

  • BUI, Lan Thi Hoang;NGUYEN, Dat Ngoc
    • Journal of Distribution Science
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    • v.19 no.10
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    • pp.35-41
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    • 2021
  • Purpose: Research on the development of distribution channels and the strategy will help businesses develop competitiveness in the market. At the same time, the excellent effect of distribution channels and the outstanding implementation of business strategies will help optimize firm performance. Therefore, this study helps to evaluate the influence of distribution channels, and strategy factors on the performance of FDI enterprises in Vietnam. Research design, data, and methodology: Research using quantitative method with PLS-SEM model based on 210 samples using Smart-PLS3. software. The survey subjects are corporate managers who understand the strategies, distribution channels, and performance in Vietnamese FDI enterprises. Results: The analysis results show that strategy factors have a positive effect on firm performance, and distribution channel also has a positive impact on firm performance. This result also indicates that distribution channels activity as an intermediary between strategy and firm performance. Conclusion: The study also gives some policy implications on strategy and distribution channels to improve firm performance. The strategic implementation of finance, human resources, risk, innovation, and diversification of distribution channels are implications for improving firm performance in FDI enterprises. In addition, the research has contributed to the relationship between the distribution channels and firm performance.

Linkage between US Financial Uncertainty and Stock Markets of SAARC Countries

  • AZIZ, Tariq;MARWAT, Jahanzeb;MUSTAFA, Sheraz;ZEESHAN, Asma;IQBAL, Yasir
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.747-757
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    • 2021
  • The primary purpose of the study is to investigate the volatility spillover from financial uncertainty (FU) of the United States (US) to the stock markets of SAARC member countries including India, Sri-Lanka, Pakistan, and Bangladesh. The empirical literature overlooked SAARC countries and the FU index. Based on the estimation method, the data of FU is available for three different forecast horizons including 1-month, 3-months, and 12-months. For empirical analysis, monthly data is used from February 2013 to September 2019. EGARCH model is employed to investigate the volatility spillover effects. The findings of the study show that the spillover effect of FU varies with the forecast horizon. The FU with a higher forecast horizon has a significant spillover effect on more countries. The spillover effect of US financial uncertainty is negative in most of the SAARC countries. Bangladesh stock market is influenced by FU with all three forecast horizons whereas the volatility of the Pakistan stock market is not influenced by FU with any forecast horizon. The findings are consistent with the concept of "limited trade openness" in the financial markets of emerging economies. The emerging economies avoid financial market openness to minimize the risk of spillover of other countries.

A Study on Hydrogen Energy Safety according to the Revitalization of the Hydrogen Economy (수소경제 활성화에 따른 수소에너지 안전성 고찰)

  • Park, Woo-Il;Tak, Song-Su;Lee, In-Woo;Hong, Soon-Pa
    • Journal of the Korean Institute of Gas
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    • v.25 no.6
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    • pp.74-79
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    • 2021
  • This study analyzed the current status of the global hydrogen economy and the safety of energy sources currently in use due to the activation of the hydrogen economy. Understanding the hydrogen economy, identifying government policy trends, comparing and analyzing characteristics with existing energy sources such as gasoline, propane, and methane, and evaluating damage impact for each energy source using PHAST, a quantitative damage impact assessment program. Using the analysis results, this study analyzes the safety of hydrogen energy to revitalize the hydrogen economy and suggests ways to improve safety.