• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.315-326
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• 2020

This study aims to test empirically whether the ASEAN Corporate Governance Scorecard (ACGS) has a positive effect on Sustainability Reporting (SR) and whether the ACGS and Sustainability Reporting (SR) have a positive effect on Firm Value (FV). The study was conducted in five ASEAN countries - Indonesia, Malaysia, Singapore, Philippines, and Thailand from 2014 - 2017. The research sample was collected from companies with the ACGS data and obtained with the help of 359 company observations. Hypothesis testing was performed using the Ordinary Least Square (OLS). The results of the study do not support all hypotheses. The ACGS has no effect on sustainability reporting. The ACGS has a significant negative effect on firm value, while sustainability reporting has a negative and insignificant effect on firm value. The ACGS and sustainability reporting are not good news for investors. This research's limitation is that companies rarely disclose the final value of the ACGS in their annual reports, so this research uses content analysis. The weakness of content analysis is the researchers' subjectivity so that the point of view between researchers is different. Besides, sustainability reporting for several ASEAN countries is voluntary, so not all companies can be sampled, which ultimately affects interpretation.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.669-677
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• 2020

The study aims to compare the effects of employing investment deposits (joint and specified investment deposits) in Islamic banks, and investment deposits (term deposits and deposits with notification) at conventional banks, on shareholders' profitability, represented by the earnings per share (EPS), in light of operational profits as a controlling variable. Data related to the study variables was collected from the annual financial reports published by the study sample banks, during the period (2009-2018). The study relies on multiple regression to test the hypotheses of the study. The high adjusted R² to explain the change in EPS for Islamic banks model as compared to conventional banks, is a result of the high difference between investment deposits (specified and joint) at Jordanian Islamic banks and investment deposits (term deposits and deposits with notification) at Jordanian conventional banks. The study found that it is important for the managements of Islamic banks to adopt a uniform method to combine speculative funds, in order to develop and improve shareholders' profitability. The study recommended Islamic banks to follow practical, methodological and transparent approaches to calculate the rates of Murabaha profit margins between shareholders and depositors, while also taking into consideration some of the issues which could be harmful for the competition between Islamic and conventional banks.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.51-61
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• 2020

The study aims to compare whether using Earnings Response Coefficient (ERC) is better than using the new concept of Accounting Earnings Response Coefficient (AERC) in determining the earnings quality response coefficient value. Also, the study seeks to explain the effect of company characteristics and corporate governance on AERC through voluntary disclosure and information asymmetry. Research samples include 69 manufacturing companies listed on the Indonesian Stock Exchange over the period 2014-2017. The data come from annual reports, stock market prices, CSPI, EPS, stock returns and market returns. The research model is tested using the structural equation model (SEM) with partial least square (PLS). The results showed the value of the earnings response coefficient produced by AERC and ERC was different. Earnings quality resulting from AERC regression by adding CFO values better reflects the actual earnings quality. These results are consistent with the concept built from the proposition about earnings quality at AERC, that quality earnings are informative accounting earnings. The theoretical findings of this study provide an explanation that operational cash flow plays a role in evaluating earnings quality, while providing reinforcement that the ERC regression model fails to detect stock market reactions to information relevant to the aggregated values of accounting earnings.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.531-541
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• 2020

This study aims to determine the nature of the association between dividend policy and a corporation's financial performance in emerging countries, as well as the main variables that may have an effect on financial performance. The study included 92 industrial and service sector companies listed on the Amman Stock Exchange (ASE) during the period from 2015 to 2019. The study used Panel Data Analysis and cross-sectional time-series data and simple and multiple linear regression models. A multiple regression model was also developed in order to test whether guess factors may have a possible impact on financial performance (such as Dividend Yield, Dividend Pay-out Ratio, Firm Size, Leverage Ratio, Current Ratio). The data was collected from the annual reports and information that was available on the ASE website covering the period from 2015 to 2019. The results detect a strong relation between DY, DPR, and FSIZE variables that explain firm performance. Also leverage ratio is negatively and significantly associated with ROA and AOE. Moreover, no relations were detected between current ratio and financial performance. The study's conclusion is that dividend policy explains a lot of a company's financial performance, meaning that the dividend policy has a statistically significant impact on company financial performance.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.663-673
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• 2020

To enhance the performance of privatized firms and state-owned enterprises, Vietnamese government set up a specialized monitoring body named State Capital Investment Corporation (SCIC) in 2006 to supervise their performance. This motivated us to conduct this study to investigate the effective control of SCIC on privatized firms' performance. We collected the annual reports of 500 non-financial privatized firms listed on HSX and HNX during the period from 2007 to 2017 from Thomson Reuters. Observations with missing values were removed and trimming outliers were implemented resulting in a dataset comprising of 4146 firm-year observations. We applied a quadratic regression model of state ownership on firms' performance, and applied the method of Baron and Kenny (1986) to test the moderating effect of SCIC control. To fix "selection bias" that may occur and result in endogeneity of moderator (M), we utilized the PSM technique to analyze the marginal effect of the moderator (SCIC) on privatized firms' performance. Our findings indicate a positive moderating role of SCIC on the relationship between the state ownership and firms' performance. This implies that there is a positive effect of liberating the management of the private firms from government control, which also means that lesser the intervention of government in the day to day operational activities of a private firm, better the performance of a privatized firm is.

• The Journal of Asian Finance, Economics and Business
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• 제7권10호
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• pp.751-759
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• 2020

This study examines the impact of mergers on the financial performance of the Jordanian public shareholding companies. The study employs data collected for a sample of 10 Jordanian non-financial public firms that were engaged in legal horizontal merger deals between 2000 and 2013. The data was collected from the published annual financial reports of the merging companies and comparative companies for three years before the merger and three years after the merger. Event study methodology was applied to examine the data. Four measures of financial performance (FP) were used, which are return on assets (ROA), return on equity (ROE), earnings per share (EPS), and net profit margin (NPM). Two methods were used in the analysis - the change model and the intercept model using financial performance raw data and industry-adjusted data. The findings in general showed no significant impact of mergers on the financial performance of merging firms using the change model. However, by using the intercept model, significant impact of mergers on the financial performance was found on the sample of the study. The significant impact was found for mergers on the raw ROE of the merging firms, and on the ROA and NPM of the industry-adjusted firms.

• 한국수산과학회지
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• 제23권4호
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• pp.323-333
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• 1990

We studied the existence, form, size, variation and formation of warm lenses in the East Sea(Japan Sea) during $1979\~1988$ based on annual reports of oceanographic observations published by the National Fisheries Research and Development Agency of Korea and data of the Hydrographic Office of Republic of Korea. The warm lenses were formed in August, 1981, 1982, 1986 during study periods. The ranges of warm lenses were 50, 60, 90 km in the east-west(EW) direction and 100, 150, 120 km in the north-south(NS) direction in 1981, 1982, 1986, respectively. Because of the intrusion of cold water near 103 line, they shrink in horizontal scale in 1981. Most warm lenses were found at station 8 of 104 line in the vicinity of Ullung Island but centers of the lenses moved to the north in 1986. The form and position of warm lenses were related with the intensity of the Tsushima Warm Current and the formation of warm lenses were related with the bottom topography.

• 동아시아식생활학회지
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• 제4권1호
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• pp.31-36
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• 1994

From the reports of the Korean National Nutrition Survey, the trend of fat intake was analyzed from 1969 to 1991. Total fat intake of 1991 was 2.1 times higher than that of 1,969 and animal fat intake was elevated 3.2 times during 23years. Among vegetable foods, the consumption of cereals and their products was decreased gradually, however, the amount of legumes and their products intake was increased slowly. In addition, among animal foods, the intakes of meats and their products, eggs, fishes and shellfishes, milk and milk products were increased greatly. the main fat source was gradually changed form cereals and their products in 1969 to meats and their products in 1991. In 1969, 7.2% of total energy was derived from fat wheres 16.6% was derived from fat whereas 16.6% was derived from fat in 1991. Among 1,952 households surveyed in 1991, the fat intakes of 576(29.4%) and 104(5.3%) households were over 20 and 30%, respectively, of total energy intake. The 42.7% of the households had more than 50% of the total fat from animal fat. From the above results, it is suggested that the nutrition education program is need to prevent excess fat intake.

• 한국보건간호학회지
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• 제19권2호
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• pp.204-216
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• 2005

Purpose: This study evaluated the education and training for public health nursing personnel and we suggest a development plan for their education and training. Methods: The data was collected from the annual planning reports of the Department of Health and Welfare Training in the Korea National Institute of Health from 1985 to 2004. Results: The summary of problems on the education and training included 1) unspecific educational goals and objectives, 2) a shortage of education and training programs for improving practical skills and knowledge on health promotion and chronic disease management, and 3) ineffective teaching methods based on lecture. In order to overcome these problems, education & training for public health nursing personnel should 1) establish dear and specific goals and objectives, 2) develop educational programs that focus on the trainee's needs and develop a long term educational program for reinforcing practical competency along with elementary courses for novices & advanced courses for experts, 3) utilize effective teaching methods such as case study, e-learning and applied learning programs. Conclusion: The education and training for public health nursing personnel should be improved in order to reinforce their competency and their ability to cope with the changing health care environment of the 21st century.

• 한국정보통신학회:학술대회논문집
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• 한국정보통신학회 2016년도 춘계학술대회
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• pp.427-430
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• 2016

사물인터넷은 최근 몇 년간 화제가 되고 있는 기술중 하나로 생활속 사물들을 유무선 네트워크로 연결해 정보를 공유하는 기술을 말한다. 가트너(Gartner)는 연간 사물인터넷 보고서를 통해 일반 사용자용 기기가 빠르게 확산되고 기업용 기기로 인한 수익도 높아질 것이라고 밝혔다. 이런 추세에 따라 사물인터넷은 플랫폼 종류가 다양해지고, 플랫폼과 인터넷간의 통신을 위한 프로토콜도 새로운 기술이 개발되고 있다. 본 연구에서는 사물인터넷 환경에서의 기기간 프로토콜 지원에 따른 성능비교와 보다나은 성능효율 향상을 위한 방법을 연구한다.