• Title/Summary/Keyword: Control Independence

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Directors' Remuneration and Performance: Evidence from the Textile Sector of Bangladesh

  • AKTER, Sharmin;ALI, Md. Hossain;ABEDIN, Md. Thasinul;HOSSAIN, Balal
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.265-275
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    • 2020
  • This study investigates the impact of board incentives as proxied by directors' remuneration on the financial performance of listed textile companies in Bangladesh. Using Generalized Method of Moments (GMM) and data pertaining to listed textile companies of Dhaka Stock Exchange (DSE) during the period from 2011 to 2017 (resulting in a total of 140 firm-year observations), we have estimated the firm performance equation involving directors' remuneration and board independence as the independent variables and some other control variables like firm age, size, leverage, and operating efficiency. The results reveal that there is a negative association between board remuneration and firm performance. In addition, this study finds no significant relationship between board independence and firm performance of the sample firms. Our findings suggest that higher pay to the board does not stimulate higher firm performance and, in turn, results in shareholders getting nothing in return from this and, hence, is a matter of great concern for them. Moreover, our results indirectly indicate that currently directors' remuneration in Bangladesh is not aligned with the firm performance, which has been emphasized in extant corporate governance literature. Besides, this paper further raises questions about the effectiveness of independent directors in the boards of textile firms in Bangladesh.

The Adolescent's Sex Role Identity and Perceived Parent Behaviors (청년기 자녀의 성역할 정체감과 부모의 양육행동과의 관계)

  • 박선영
    • Journal of the Korean Home Economics Association
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    • v.27 no.4
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    • pp.139-150
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    • 1989
  • The present study was designed to answer the following questions: 1) Is there and relationship between the adolescent's sex role identity and perceived parent behavious? 2) Is there any gender differences in perceived parent behavious? 3) Is there any interaction effect between sex role identity and gender in perceived parent behaviors? 109 male and 101 female undergraduates from the five universities in Seoul served as subjects in this investigation. Subjects were administered the Parent Behavior From (PBF) and the Bem Sex Role Inventory (BSRI) in counterbalanced order. A4 (sex-role identity)×2(gender) multivariate analysis of variance was performed for the perceived paternal and maternal behaviors separately. The simultaneous confidence intervals for pairwise comparison were followed when the MANOVA was significant. In testing all hypotheses, .05 was used as a significance level in this study. For the perceived paternal behavious, 1) The androgynous group, compared with the undifferentiated group, reported greater father warmth, active involvement, greater encouragement of cognitive independence, cognitive curiosity, cognitive competence, achievement control, and conformity. 2) The androgynous individuals showed higher father warmth, congitive independence, curiosity, and cognitive competence than the feminine individuals. 3) The androgynous individuals were found to have significantly higher father warmth than the masculine individuals. For the perceived maternal behaviors, there was a significant difference between gender groups in conformity. Daughters reported higher conformity than sons. The interaction effect between sex-role identity and gender, however, was not found to be significant.

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The Influence of Corporate Governance on Dividend Decisions of Listed Firms: Evidence from Sri Lanka

  • NAZAR, Mohamed Cassim Abdul
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.289-295
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    • 2021
  • This study investigates the role of corporate governance in the dividend decision of 198 non-financial companies listed on the Colombo Stock Exchange of Sri Lanka, over the period from 2009 to 2016. Four corporate governance indicators are used in this study; managerial ownership, the board size, board independence, and CEO duality. Furthermore, this study considers three control variables such as profitability, firm size, and corporate tax. This study employed the Generalized Method of Moments (GMM) model to estimate the regression models on panel data study. The major contribution of this study is exploring the insight into the effect of corporate governance factors on dividend decisions. The results of the study revealed that managerial ownership showed a significant positive impact on the dividend payout ratio. Board size showed a significant positive influence on the dividend payout ratio. Board independence negatively but significantly influenced the dividend payout ratio. CEO duality showed an insignificant negative impact on the dividend payout ratio. In the framework of these CG indicators, Sri Lankan listed firms are recommended to have dispersed ownerships, large Board size and maintain a balance of power and authority by separating the individual who is assuming the position of the CEO from the Chairperson of the Board and maintain at least two independent directors.

Relationship Between the Audit Committee and Earning Management in Listed Companies in Vietnam

  • NGO, Diem Nhat Phuong;LE, Anh Thi Hong
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.135-142
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    • 2021
  • This study aims to examine the impact of audit committee characteristics on income management of companies listed on the Stock Exchange of Vietnam. Research data was collected from all 745 listed companies on Vietnam's stock market over four years, from 2015 to 2018. After excluding companies that did not qualify, there were 216 companies with 864 observations. With the help of dedicated software Stata 15, the impact of audit committee characteristics (through independent variables and control variables such as Audit Committee Independence, Auditing Committee size, Auditing Committee Expertise, Auditing Committee Meeting Frequency, Company Size, Financial Leverage, and Operating Cash Flow) to earning management through a multivariate regression model was determined. Research results from Vietnamese listed companies during this period show that the size and expertise of the audit committee are inversely related to the discretionary accruals representing earning management. At the same time, the research results also identify a positive relationship between firm size and earning management, and the inverse relationship between financial leverage, net cash flow from operating operations and earning management. However, the multivariate regression results do not find clear evidence of a relationship between audit committee independence and the audit committee meeting frequency to earning management.

The Effects of Practical Problem-Based Home Economics Instruction (PPBHEI) on Middle School Students' Creativity: Focusing on the Content on "Clothing Management and Recycling" (실천적 문제 중심 가정과 수업이 중학생의 창의성에 미치는 효과: '의복 관리와 재활용' 내용 요소를 중심으로)

  • Bae, Ja-Young;Shim, Huen-Sup;Chae, Jung-Hyun
    • Human Ecology Research
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    • v.59 no.3
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    • pp.401-418
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    • 2021
  • The purpose of this study was to test the effects of Practical Problem-Based Home Economics Instruction (PPBHEI) on middle school students' creativity, focusing on the content on "clothing management and recycling." This study carried out quasi-experimental research with an independent variable of PPBHEI and a dependent variable of creativity. The experiment was based on a sample of 62 (31 in each group) second grade students in the Cheongju area over four class hours. ANCOVA was performed to examine pre-test and post-test differences between the experimental group and the control group. The results showed that PPBHEI did not improve the level of creativity but improved the level of creative motivation among the sub-elements of creativity (creative thinking, creative tendency, creative motivation). In particular, PPBHEI improved the level of independence in creative tendency, intrinsic motivation, and diligence in creative motivation. From the results of this study, it can be concluded that PPBHEI is effective in improving independence, intrinsic motivation, and diligence in respect of middle school students'creativity.

Positive ageing: A conceptual framework

  • Sik Hung Ng;Jean Woo;Alex Kwan;Alice Chong
    • Korean Journal of Culture and Social Issue
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    • v.12 no.5_spc
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    • pp.29-43
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    • 2006
  • With longevity (75 years plus and still increasing) now commonly achievable, the new challenge for individuals and society is less concerned with adding more years to life, though that remains important, and more with adding life to years. To explore the quality of long life more fully, a concept broader than healthy ageing or active ageing is needed. For this purpose, the present article describes a framework of Positive Ageing, also known as Successful Ageing, which views the quality of long life as comprising good health, physical and cognitive functional independence, and meaningful engagement with life. Narrowly defined, it refers to old people ageing well in all these aspects. More broadly defined, it refers to ageing well from midlife on. The framework also identifiesvariables that may affect the process of ageing positively. These variables include the social-cognitive styles of control, humour and future-time perspective on the one hand, and on the other hand, resources based on finance, social network and lifestyle.

생산자동화용 국제표준 메시지통신규약 - MMS

  • 박정우;김영신;권욱현
    • ICROS
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    • v.2 no.4
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    • pp.30-41
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    • 1996
  • MMS는 통신망으로 연결된 자동화기기와 컴퓨터 응용 프로그램간에 실시간 데이터와 감시제어정보를 교환하기 위한 국제표준의 메시지 교환 규약으로, MMS는 실행되는 응용기능의 종류나 기기의 개발자에 관계없이 표준적인 방법으로 정보를 교환하게 한다. MMS에서 제공되는 서비스들은 각종의 자동화기기와 응용 프로그램, 또한 여러 산업현장에서 필요로 하는 기능을 모두 만족하기에 충분하다. 그리고 MMS는 자동화된 생산공정을 구성하거나 사용하는데 필요한 경비를 줄여준다. MMS는 다양한 자동화 기기간의 통신을 하나의 통일된 규약과 방법론을 사용하여 이루고자 할 때 상호운용성(Interoperability), 독립성(Independence), 데이터접근(Data Access)성 등의 특징을 가장 잘 발휘할 수 있다.

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A Study on Design of TMR Control System for Steam Turbine (터빈 감시제어용 삼중화 제어시스템 설계에 관한 연구)

  • Ahn, Jong-Bo;Kim, Kook-Hun;Kim, Seog-Joo;Kim, Chun-Kyong;Kim, Jong-Moon
    • Proceedings of the KIEE Conference
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    • 2000.11d
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    • pp.663-665
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    • 2000
  • For the control system of thermal turbine in fuel and nuclear power plant, as high reliability and availability are required, redundant control system is generally applied. This paper presents the configuration and design of such a redundant control system that can be suitable for control and monitoring of the turbine. System components such as I/O system, communication networks, voting system are designed, and especially the new intelligent voter using serial communication are proposed. The characteristics of the implemented control system is independence of the control, protection and monitoring functions, and discrimination of the redundancies, and high availability. The control functions such as speed control, load control, valve control and protective functions such as overspeed and PLU are designed in detail.

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Dimensions and Assessment of Korean Parenting Style (한국 부모의 자녀 양육방식에서의 차원과 평가)

  • 조복희;이진숙;이흥숙;권희경
    • Journal of the Korean Home Economics Association
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    • v.37 no.10
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    • pp.123-133
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    • 1999
  • The purpose of the study was to develop the parenting style scale which is reflecting cultural background of Korean parent's parenting for their children. The instalment was designed based on the literature reviews and on the Baumrind's parenting style. A total of three hundred and sixty two mothers whose children from first and second grade in elementary school completed the Questionnaires. The questionnaires consisted with the items addressing different types of parenting style which include love and care, encouragement of independence, enjoyment in parenting, communication, control, control of aggressiveness, strategies of control , request of maturity. Factor of analysis was applied to examine validity of Korean parenting style scale. Based on the factor analysis, 33 items selected for final questionnaire and two factors discovered. The first factor which named 'warmth'included 20 items such as love and care toward their children, communication, enjoyment in parenting, encouragement toward independency. The second factor which named'control'included 13 items such as control of children's behavior and discipline of children. Warmth factor accounted for 46% of variance and control factor accounted for 18% of variance. Internal consistency was also checked. Although warmth and control factor represented a moderate internal consistency, control factor showed lower correlations then warmth factor. The reliability estimates (Cronbach alpha) were. 87 and 71 for warmth and control factor respectively. Korean parenting style scale can be used to address the appropriateness of Baumrind's theoretical assumptions in parenting style as well as to examine parenting style for Korean population. However, this instalment was developed with Korean mothers only. Further analysis need to be addressed with fathers.

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The Effect of Thera-Band Stretching Exercise on Flexibility of Shoulder Joint (탄력밴드 스트레칭이 견관절 유연성에 미치는 효과)

  • Kim, Nan-Soo
    • The Journal of Korean Physical Therapy
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    • v.17 no.4
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    • pp.477-484
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    • 2005
  • Purpose: The purpose of this study was to evaluate effect of Thera-Band stretching exercise on flexibility of shoulder joint. Methods: The research deign was a experimental pre-post control group design. Sixteen subject were randomly divided into two groups; experimental group(n=8) and control group(n=8). Experimental group performed Thera-Band PNF stretching for 4 weeks and control group was not performed. To compare with the effectiveness of Thera-Band PNF stretching between two groups, I measured flexibility of shoulder joint with an Apley scratch test. The data were analyzed by Independence T-test. Results: The experimental group was significantly increased the flexibility at the right and left shoulder internal rotation. But the experimental group was not significantly increased the flexibility at the right and left shoulder external rotation. Conclusion: These result suggest that home-based exercise programs with Thera-Band can serve as a practical and effective means of flexibility gains in general people.

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