• The Journal of Asian Finance, Economics and Business
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• 제9권3호
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• pp.135-147
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• 2022

This study was conducted to determine whether there is a significant relationship between board structure and board committee qualities and corporate cash holdings in Pakistan. For this objective, 168 listed enterprises on the PSX for the period 2016 to 2020 were chosen as a sample from a population of 436 non-financial firms. Multiple regression analysis was used in the study to discover a relationship between board structure and board committee features and cash holdings. The study's findings revealed that board size, executive directors, and board independence have no significant impact on the firm's cash holding because they play no important part in the firm's cash holding. Auditors, audit committee size, audit committee meetings, and the compensation committee, on the other hand, have no major impact on the firm's cash holdings because they are not relevant indicators to compare with cash holdings. While board meeting frequency and leadership structure both have a negative influence on cash holding, board meeting frequency increases firm costs, whereas leadership structure causes agency problems. Results were supported by the pecking order theory, cash flow theory, and agency theory.

• The Journal of Asian Finance, Economics and Business
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• 제9권4호
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• pp.213-228
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• 2022

This paper investigates the association between key corporate governance characteristics and the performance of general insurance businesses listed on the Saudi stock exchange (TADAWUL). The methodology for the study is based on a pooled data collection for 11 Saudi general insurance companies from 2011 to 20. The linear regression model and the logarithm regression model are suggested to assess the relationship between performance and corporate governance characteristics. The dependent variable is firm performance measured using ROA, ROE, and Tobin's Q. The independent variables are corporate governance variables consisting of a complete set of board and audit committee characteristics. Insurer-specific control variables are introduced. The empirical results reveal that the characteristics of corporate governance influence the performance of insurance companies. In particular, the board size, board's tenure, the proportion of independent directors in the board, audit committee size, audit committee meeting frequency, and proportion of health insurance premiums have a positive impact. However, audit committee independence, size of the company, and proportion of reinsurance premiums have a negative impact on the performance of the Saudi general insurance companies. Finally, the empirical results indicated also that there is an unclear relationship between the performance and board meeting frequency, compensations of the Board, and the average age of the Board.

• The Journal of Asian Finance, Economics and Business
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• 제8권8호
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• pp.57-66
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• 2021

The outbreak of the financial crisis, the lack of corporate governance practices in Iraqi companies, the high level of earnings management (EM), and weak firm performance (FP) have all encouraged the purpose of this study. This study proposes to achieve the following objectives: (I) to investigate the influence of governance mechanisms on the earnings management practices, (II) to investigate the consequence of EM on FP. The study sample includes 65 Iraqi firms listed on the Iraqi stock exchange for six years from 2012 to 2018, with 390 firm-year observations. The hypotheses were tested using panel data regression. According to the findings, Iraqi companies prefer to use real EM rather than accruals EM to avoid reporting losses. Discretionary cash flow, production costs, and cash flow from operation are examples of actual operations employed to undertake EM. Furthermore, according to the findings of this study, board meeting frequency and female onboard have a significant and negative influence on EM. Besides, the internal audit function was found not to affect EM. On the other hand, results revealed a significant and negative relationship between EM and FP. According to the study, management prefers to minimize cash and accrual expenditure during the economic downturn.

• The Journal of Asian Finance, Economics and Business
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• 제8권3호
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• pp.1205-1215
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• 2021

The study's purpose is to assess how board chairman tenure (BCT) contributes to limiting the earnings management practices (EM) in Iraqi banks. We compare the direct influence of the corporate governance mechanisms (CG) on EM practices and use BCT as a moderator that affects the influence of CG on EM. The sample of the study is the financial' firms listed on the Iraqi Stock Exchange for the period 2013-2018. Using purposive sampling data was collected from annual reports and data stream. We use the random effect model in panel data regression by using Stata to analyze the data. Findings proved that CG mechanisms insignificantly influence EM, except the meeting frequency was significant. By contrast, BCT had a positive and considerable influence as the moderating variable between CG and EM. These results suggested that the Chairman's tenure on the board lead to enhanced governance mechanisms to limit the EM practice in Iraqi financial firms. Accordingly, this study is one of the few studies in the Iraq environment that examine the influence of CG mechanisms on EM practices, in addition to examining the BCT as a moderator between CG and EM, thus, filling the gap in such studies in developing countries.

• 산업공학
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• 제10권3호
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• pp.75-93
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• 1997

Unlike individual applications, it is extremely hard to obtain user requirements for group systems, since there exists very complicated dynamics in group. This may result in spreading a great amount of products with a broad range of contents. Thus, this study presents a comparative analysis of groupware products. As a result, these products have been categorized into three areas which include cooperation/document management systems, collaborative writing systems, and decision-making/meeting systems. While the systems reviewed here focus on the cooperation/document management systems, the other two areas will be dealt in details in part Ⅱ. The first area ends up with two large categories such as proprietary groupware products and intranet groupware products. However, it has been observed that there is a natural convergence between these two categories. Consequently, the comparative analysis has been performed in terms of functions provided on the two categories and a combined category. Each group of the functions has been divided into three parts which consist of basic functions, quasi-basic functions, and others. Such a decision has been made based on the frequency rate of the functions provided in the products. With a more strict rule, the basic functions comprise electronic mail, sanction, bulletin board, document management, scheduling, security, Web browser, and Internet connectivity. This study also provides a framework for integrated functional model of groupware systems. The basic functions are merged into the model. However, the model is so flexible that it can partially include the quasi-functions in addition to the basic functions. In the future, it is expected that a large number of products will stem from the modification of the functional model.

• 해양환경안전학회지
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• 제25권7호
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• pp.867-873
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• 2019

2019년 8월을 기준으로 우리나라에서 소형선박의 범주에 포함될 수 있는 30톤 미만의 선박은 3,782척으로 전체 등록선박 8,890척 대비 42.5 %를 차지한다. 문제는 소형선박의 종사자들이 주로 외래어에서 기형적으로 파생된 비표준어를 많이 사용함으로써 선내 의사소통의 단절, 해기사 면허시험이나 해기 관련 교육수강 시 의사소통의 어려움을 겪는 등 많은 문제에 직면하고 있으며, 이는 소형선박 종사자들의 직무능력 저하로 이어지고 있다는 점이다. 이에 본 연구에서는 소형선박 종사자들의 사용용어를 면밀히 분석하고, 이를 바탕으로 표준화 방안을 제안하였다. 사용용어 분석을 위하여 해기사 면허시험의 기출용어, 소형선박 교육교재의 다빈도 용어를 식별하였고, 이에 해당하는 비표준어를 조사하였다. 조사된 내용을 토대로 전문가 회의를 개최하여, 주요 용어에 대한 잘못된 일본식표기, 영어표기, 표준어를 제시하여 어느 표기에 가장 친숙한지에 관해 설문을 시행하여 분석하였다. 설문 분석결과 항해 용어의 경우 비교적 표준어 사용의 비율이 높으나, 기관 용어의 경우 잘못된 일본식 표기를 더 많이 사용하고 있으며, 연령별, 톤수별 분석결과도 일본식 표기를 전반적으로 많이 사용하며, 영어식 표기의 사용빈도는 낮은 것으로 분석되었다. 이를 토대로 소형선박 종사자의 표준어 사용을 위한 단기 및 장기방안을 제안하였고, 이에는 소형선박 종사자들이 사용하는 용어에 대한 표준어사전의 제작, 표준어 사용에 대한 중요성 홍보, 교육기관을 통한 적극적인 교육, 외국인 선원들을 대상으로 하는 한국어교육에 대한 체계적인 준비 및 이행 등이 포함된다.