• Title/Summary/Keyword: Business size

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A Study on Financial Stability Ratios in Small and Medium Size Business (중소기업 재무안정성 비율에 대한 연구)

  • 고재중
    • Journal of the Korea Society of Computer and Information
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    • v.3 no.3
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    • pp.129-137
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    • 1998
  • A position of small and medium size business is increasing in the national economic. On the other hand, there are many difficulties in the small and medium size business. The most difficult problem is the financial supply for the small and medium size business. This study is analzing the financial stability ratios of the small and medium size business in comparision with financial ratios of a large enterprise and industrial average ratio. As the result, the degree of financial stability ratio of small and medium size business is lower than industrial standard ratio. While the degree of financial stability and liquidity ratios of the small and medium size business is higher than industry average ratio. the degree of dependence of borrowing of the small and medium size business is lower. Therefore, it is necessary for nation and administration organization to supply financing for the small and medium size business.

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Determinants of Investment Capital Size: A Case of Small and Medium-Sized Enterprises in Vietnam

  • XUAN, Vu Ngoc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.19-27
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    • 2020
  • This research investigates the determinants of investment capital size in Vietnam's small and medium-sized firms. The study employs a sample of 458 small and medium-sized enterprises in the country. The study is based on data collects in the areas of Hanoi, Bac Can, Buon Ma Thuot and Pleiku Provinces at time series data of October 2019. This study also identifies the factors that affect the size of investment capital in medium and small-sized enterprises in Vietnam. Data are processed via STATA 14.0 and SPSS 20.0 software. The research results indicate that (1) business lines, (2) import and export business, (3) type of business registration, (4) business location, (5) operating time, and (6) the percentage of the organization's capital contribution are factors that impact on the size of the investment capital of the business. Business line and business location have negative impacts on investment capital size. The operating time, the percentage of the organization's capital contribution, import and export business, and the type of business registration have positive impacts on investment capital size. In addition, the findings of this study also suggest that the operation time has the highest impact on investment capital size of the small and medium-sized firms in Vietnam.

A Comparative Study of the Success Factors of Quality on Business Performance : Focused on Business Scale (품질성공요소가 경영성과에 미치는 영향에 관한 비교연구 : 기업규모를 중심으로)

  • Ko, Young-Hak;Chung, Young-Bae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.3
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    • pp.225-233
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    • 2012
  • The purpose of this study is to observe effect on a result of a business performance depending on the business scale and the success factors of quality. Verified hypothesis of the quality of success factors and business performance are conducted in order to conduct this research. The results of hypothesis testing can be summarized as follows : First, depending on the size of the company, quality of corporate success factors in the management and significant positive was verified to be in effect. Second, depending on the size of the small business companies' human resource management, product/process is significantly positive in effect and medium companies' quality information, quality of suppliers in the commercialization of technology is significantly positive in effect. Third, depending on the size of the small business companies' human resource management, product/process financial performance is significantly positive in effect and mid-sized companies, suppliers in the quality significantly positive show the influence of financial performance. The results of measurement through the size of the enterprise and the successful factors of quality impacts on business performance directly.

Analysis of R&D, Employment and Growth by Manufacturing Sector, Size and Export Value (기업 규모 및 수출입 수준에 따른 제조업종별 연구개발투자의 고용 및 성장성 분석)

  • Koo, Hoonyoung
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.42 no.2
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    • pp.62-68
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    • 2019
  • The growth and employment effects of R&D investment were analyzed according to business size, export value and manufacturing sectors so as to suggest improvement directions for effective industry policies. The effect of R&D investment was considered simultaneously from the two perspectives of growth and employment effect, and the causality analysis was carried out by using a path analysis. The result of the path analysis confirmed significant differences in the growth effect of R&D investment depending on business size. However, the effect of increasing employment was difficult to obtain statistically significant results for any various combinations of business size and export value. This is a mixture of directions for the effects of R&D investment on employment, which could be due to the failure to consider appropriate time lags between investment and effect. Efficiency analysis by industry sectors confirmed significant differences in efficiency depending on business size, but differences depending on export value were difficult to identify. In order to derive improvement policy by industry sector according to business size and export value, the direction of selective support policy and universal support policy was derived for six industry groups by combining the return to scale in the efficiency analysis and R&D concentration. Hirschman-Herfindahl index is used for calculating R&D concentration.

The Effect of Board of Directors and CEO on Audit Quality: Evidence from Listed Manufacturing Firms in Jordan

  • ALAWAQLEH, Qasim Ahmad;ALMASRIA, Nashat Ali;ALSAWALHAH, Jafer Maroof
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.243-253
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    • 2021
  • This study aims to examine (1) the association between the chief executive officer tenure and audit quality, (2) the relationship between chief executive officer duality and audit quality, (3) the association between board independence and audit quality, (4) the relationship between board size and audit quality, and (5) the role of controlling variables (client size, leverage debt, and business complexity) in controlling these relationships. The research sample includes 325 financial reports from manufacturing firms listed in Amman Stock exchange over the 2014-2018 period. The study relationships are tested by using logistic regression. The results revealed a negative relationship, but not significant between CEO tenure and independent directors with audit quality. In addition, the results showed there is a negative effect of CEO duality on audit quality; also the results revealed that there is a statistically significant effect on the board of directors (board size) on the AQ. In general, the coefficient estimates of controlling variables show that client size and leverage debt positively affect audit quality, and on the contrary, business complexity has an insignificant positive relationship with audit quality. The summary of the study findings play an active role to external auditor opinion on business practice in towered the corporate governance system.

The Effects of Organizational Culture in the Textile Companies on Innovation Capacity and Business Performance - Focusing on Moderating Effects of Company Size - (섬유기업 조직문화가 혁신역량과 사업성과에 미치는 영향 -기업규모에 따른 조절효과를 중심으로-)

  • Yoh, Eun-Ah;Park, Kwang-Hee;Kim, Mun-Young
    • Journal of the Korean Society of Clothing and Textiles
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    • v.32 no.4
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    • pp.542-552
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    • 2008
  • The purposes of this study were to investigate the effects of organizational culture of textile companies on innovation capacity and business performance and to confirm the moderating effect of company size on these relationships. Survey data collected from 147 practitioners in the textile companies were analyzed by descriptive statistics, t-tests, and multiple causal modeling using AMOS 6.0. In the model test result, all the hypothesized paths were significant in spite of low goodness of fit. Also, although difference was found in company innovativeness, no difference was indicated in innovation capacity and business performance according to company size. In addition, the smaller companies, the stronger effect of company innovativeness on innovation capacity that affected business performance. On the contrary, the larger companies, the stronger effect of participative decision making on innovation capacity that did not affect business performance. Study results may provide useful implications for practitioners who are interested in developing organizational culture appropriate for company size.

A Study on the Effect of Innovation Performance Through Business Innovation Activities and Techniques for the Small & Medium Size Company (중소기업의 혁신활동과 기법이 혁신성과에 미치는 영향에 관한 연구)

  • Moon, Hee Young;Chang, Seog Ju
    • Journal of Korean Society for Quality Management
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    • v.43 no.2
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    • pp.151-168
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    • 2015
  • Purpose: The purpose of this study was to investigate the effect of the innovation performance through business innovation activities by small and medium size company as well as to test the moderating effects on the innovation techniques'understanding and conformance. Methods: The data for the empirical analysis was collected from 132 companies mainly located in Jeolla and Gyeonggi Province. Cronbach's alpha factor analysis, multiple regression analysis and hierarchical multiple regression were used for statistical methods. Results: The Statistical analysis results show that innovation performance through business innovation techniques and activities was effected by CEO leadership, company capability and training for employees. Conclusion: Through this study we tried to give some suggestions for improving innovation performance through business innovation activities for the small and medium size company.

A Study on the Prediction Methods of Domestic e-Commerce Market Size (국내전자상거래 시장규모 예측방법에 관한 연구)

  • Choi, Kyo-Won
    • The Journal of Society for e-Business Studies
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    • v.9 no.4
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    • pp.1-17
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    • 2004
  • We guarantee the significance of the provided prediction model and predicted figures from the experts consulting group and we product the prediction figures of the domestic e-commerce market size in future by business subjects, BtoB, BtoG and BtoC. Besides, we do predict by the high raked 6 merchandises in the case of BtoC market size prediction. We use the KNSO(Korea National Statistical Office) BtoB, BtoG and BtoC data to ensure the significance of data.

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Determinants of Firm Value and Profitability: Evidence from Indonesia

  • SUDIYATNO, Bambang;PUSPITASARI, Elen;SUWARTI, Titiek;ASYIF, Maulana Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.769-778
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    • 2020
  • The purpose of this study was to examine the role of profitability as a mediating variable in influencing firm value. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018. The data used is panel data, with data analysis using multiple regression. Based on the Sobel test, profitability plays a role in mediating the effect of firm size on firm value. The effect of firm size on firm value is indirect, however, through profitability. Therefore, the market price of the shares of large-scale companies will increase if the resulting profitability is high. The capital structure and managerial ownership directly influence firm value. The results showed that managerial ownership and firm size had a positive effect on profitability, while capital structure had no effect on profitability. Capital structure and managerial ownership have a negative effect on firm value, while firm size and profitability have a positive effect on firm value. The main finding of this study is that profitability acts as an intervening variable in mediating the relationship between firm size and firm value.

Optimum Board Size to Achieve Optimal Performance in Indonesia

  • KRISNADEWI, Komang Ayu;SOEWARNO, Noorlailie;AGUSTIA, Dian
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.231-239
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    • 2020
  • The aim of this paper is to review the role of board size as part of the corporate governance system. This paper discusses one aspect of corporate governance, namely, boards, in the Indonesian context. Using the literature review method, this paper explores factors that need to be considered to determine the optimal number of boards, especially in Indonesia. We explore some determinants of board size, such as complexity and leverage, ownership structure, and financial ratio support. The results reveal that an understanding of the differences found in the two-tier board model helps us understand that the different functions of the board of commissioners and the board of directors require different test treatments from countries that adhere to one-tier systems. A review of the relationship between board size and company performance is expected to provide the corporate governance literature with insights into optimizing the sizes of boards that can improve company performance, both in terms of boards of commissioners and boards of directors. This paper proposes the simultaneous testing of board size's relationship with company performance. The results of this study are expected to make a more real contribution about the effect of board size on company performance.