• The Journal of Asian Finance, Economics and Business
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• 제7권5호
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• pp.41-50
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• 2020

The paper investigates the factors that affect the demand for a voluntary audit of small and medium-sized enterprises (SMEs) in Vietnam. A structured questionnaire survey of 284 SMEs was employed, preceded by in-depth interviews with auditors and SMEs' managers. The research used logistic regression estimator to address econometric issues and to improve the accuracy of the regression coefficients. The results show that the degree of director's view on voluntary audit, related stakeholder, degree of recommendation, and firm size have a statistically significant positive effect on audit decisions of SMEs while degree of audit fee has a statistically significant negative effect, and degree of subjective norm does not affect. This indicated that SMEs are more likely to have an external audit if they have some typical features: it is becoming larger in terms of size, and the directors consider that the audit has a relative benefit outweighing its cost. The research results suggested that Vietnam Government should make a statutory audit of SMEs' financial statements rather than make it an option for SMEs. The auditing firms were also recommended to actively take their audit services to SMEs rather than waiting for the SMEs' managers to contact them for their services.

• Current Photovoltaic Research
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• 제1권1호
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• pp.11-16
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• 2013

The current solar cell industry is experiencing a temporary plateau due to a sluggish economy and oversupply. It is expected that the solar industry can see similar growth to that of the recent past by overcoming the current situation, as there is growing demand globally for solar energy. The current situation led to restructuring of the world's solar industry, and domestic firms will need to have competitiveness through strategic approaches and proprietary technology to survive in the global solar market. Crystalline and amorphous silicon based solar cells have led the solar industry and occupied half or more of the market thus far. They will do so in the future PV market as well by playing a pivotal role in the solar industry. In this paper, the current status and prospects of silicon based solar cells, from materials to comprehensive and high efficiency technology that can emerge in the future, are discussed.

• The Journal of Asian Finance, Economics and Business
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• 제7권11호
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• pp.157-167
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• 2020

One of the concerns that have received substantial interest in the accounting field, in particular, in accounting education, is the increasing scarcity and demand for professional accountants around the globe. This study aims to investigate the effects of financial rewards (FR), parents' and peers' influence (PPIF), and benefits and cost (BCE) on students' intention to pursue a career in accounting. A quantitative, convenient random sampling approach was used, and an online survey was conducted to collect data from students studying in China. A total of 311 valid responses were used for model testing based on the theory of reasoned action and the theory of planned behavior. The findings of the study include the positive effects of FR, PPIF, and BCE on accounting career choice (ACC). This study illustrates that FR is the most dominant factor (β=0.479) for influencing ACC. Furthermore, the used factor explained 70% variation in ACC. The results of the study have implications both for accounting firms and universities whether offering or not offering accounting as a major. This study provides a global perspective, which keeps this study unique from other studies. And in this study, the Partial Least Square Structural Equation Modeling (PLS-SEM) has been used which is randomly used in accounting research.

• 한국수자원학회:학술대회논문집
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• 한국수자원학회 2010년도 학술발표회
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• pp.447-451
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• 2010

It is quite important for manufacturing firms to stably secure water, because industrial water is used for a variety of purposes as one of the important inputs in the production process. Despite the significance of industrial water use and the increase of industrial water demand, relatively little has studied regarding the industrial water use in Korea. This paper employs the marginal productivity approach in order to estimate the economic value of water in Korean manufacturing industry, and we use the information of 53,912 factories surveyed in 2003. The result of the likelihood ratio test shows that Trans-log is an appropriate model for estimating the data of this study. In Trans-log function model, the industry-wide output elasticity of water is 0.0104, and the marginal value is KRW 1,156 per ton. The estimated values differ across the sectors and these values range from the high value of about KRW 13,760 per ton in the transportation equipment sector to low values of KRW 428 per ton in the precision instrument sector. The research provides useful information to help policy-makers in developing and implementing more appropriate policies regarding the management and distribution of water resources by estimating the value of water resources by sector. In addition, Korean government enables the drafting of future water pricing scenarios based on the estimated value information.

• 대한지리학회지
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• 제39권2호
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• pp.256-268
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• 2004

한국은 최근 체결된 칠레와의 자유무역협정을 제외하고는 어떤 공식적인 지역주의에도 가입하지 않고 있는 예외적인 국가중의 하나이다. 동북아시아에서의 지역주의의 결여는 경제성장의 엔진으로서 세계수출시장을 선호한 전후의 국가정책을 반영한다. 한국의 50개 기업에 대한 설문조사를 바탕으로 본 연구는 컴퓨터산업의 관점에서 지역주의와 다자주의간의 관계를 고찰한다. 연구결과는 지속적인 수출증가를 위해 한국 컴퓨터 산업은 지역주의보다는 다자주의를 선호함을 보여준다. 연구결과에 따르면 세계무역기구를 통한 가속적인 무역자유화 조치가 지역주의에 대한 수요와 지역주의로부터의 부정적 영향을 감소시키는 것으로 나타난다. 전반적으로 연구결과는 한국 컴퓨터산업은 무차별원칙에 기초한 강력한 다자간 구속력이 있는 무역체제를 선호한다는 것을 시사한다.

• 사회경제평론
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• 제38호
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• pp.199-240
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• 2012

포스트케인즈학파(PK) 내생화폐이론에 따르면, 기업은 신규투자를 수행하기 위해 은행에 대한 대부수요를 만들고, 이에 대한 은행의 대출공급으로 예금화폐가 창조된다. 은행의 자산 측면에서의 신용창조가 부채측면에서 화폐창조로 이어지면서 은행의 대차대조표에서 실물과 화폐가 연결된다. 이 글은 은행의 기능을 중심으로 황재홍(2005)에 대한 비판적 고찰을 통하여 케인즈와 PK 내생화폐이론을 살펴보고자 한다. 이로써 다음과 같은 결론이 도출된다. 첫째, PK 내생화폐이론의 기반을 케인즈에게서 찾을 수 있다. 둘째, 케인즈의 화폐내생성과 빅셀의 그것은 본질적 측면에서 서로 다르다. 마지막으로, PK 내부의 수평주의자와 구조주의자의 논쟁을 이들의 논의의 결론이 아닌 분석상의 차이점에 초점을 두고 보면, 내생화폐이론과 유동성 선호이론은 케인즈 이론 체계에서 양립가능한 이론이 될 수 있다.

• The Journal of Asian Finance, Economics and Business
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• 제8권4호
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• pp.455-463
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• 2021

The purpose of this study is to identify the relationship between firm's green marketing approach and firm's reputation improvement among customers. To investigate the object of the current study and provides adequate material to fill a gap in the literature, the current author collected abundant textual data from numerous extant literature. Because the author needed to augment about reliability and validity, textual data from trusted peer-reviewed sources was obtained from numerous databases. Based on a large body of literature, this study suggests that companies have to declare their stand based on their positioning to safeguard their reputation as an entity and that of its products and services. The five components of a company adopting a recognized environmental marketing strategy include product strategy, demand strategy, pricing strategy, distribution strategy, and labeling strategy Thus, firms' environmental marketing strategies have to be designed with the complete intent of transformation as a solution to enhance their reputation. The current study concludes that the comparison of environmental marketing strategies does not correctly help in ranking the concern in an effective way, and describe the exact details needed in each of the five categories for a company to carry its operations in a sustainable fashion.

• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.237-246
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• 2021

This paper explores the relationship between price mechanism and flipping activity of initial public offerings (IPOs) in Pakistan's emerging economy. This study uses a cross-sectional data set of 95 firms listed on Pakistan Stock Exchange from 2000 to 2019. This study employs the ordinary least square and quantile regression techniques to capture the relationship between price mechanism and flipping activity. The results show that book-built IPOs flip substantially less than fixed-price IPOs. This is consistent with the signaling theory assertion that roadshows are arranged by underwriters to capture investors' demand and set the offer prices of IPOs. If investors learn the fair values of quality IPOs, then the offer prices will be close to the intrinsic values, thus reducing flipping. The findings also provide conclusive evidence for understanding the usefulness of and the more relevant information regarding the pricing mechanism. In particular, it provides a better understanding of how companies actually use the pricing mechanism information in the flipping of IPO shares. The results of this study are also valuable to underwriters, and regulators, for instance, provides underwriters with the discretion to allocate the IPO shares and the SECP, in revising regulation on the disclosure of IPO pricing methods.

• 경제분석
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• 제26권4호
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• pp.39-64
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• 2020

전형적인 경기변동모형의 경우 노동시간 선택 문제만을 고려하여 노동시장의 주요 거시 변수인 고용과 실업을 명시적으로 설명하지 못하는 어려움이 있다. 본 논문에서는 뉴 케인지안 유형의 가격 경직성 모형에 노동시장의 탐색 및 매칭 마찰을 도입하고 이를 베이지안 방법으로 추정하여 우리나라 고용 및 실업의 움직임을 전체 경기변동의 움직임에 비추어 살펴보았다. 추정 결과 우리나라 실업률은 노동공급 충격과 더불어 노동수요 측면인 기술충격에 의하여 많은 부분 설명되는 것으로 나타났다. 아울러 노동시장 변동에서 기업과 노동자 간의 임금 협상에서 기인하는 협상력 충격도 상당 부분 중요한 것으로 나타났는데 협상력 충격은 경기 및 고용에 부정적인 영향을 미치므로 이에 대하여 주의를 기울일 필요가 있다.

• The Journal of Asian Finance, Economics and Business
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• 제9권1호
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• pp.121-132
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• 2022

The uncertainty regarding inventory may impart dynamic impacts on corporate-level financial decisions. Among others, a decision about capital investment is a crucial decision that requires overall financial stability. Following these theoretical notions, the current study aims to identify possible consequences of inventory volatility relating to corporate capital investment decisions. We employed ten years of data (2010-2019) of non-financial sector firms to achieve the objective. The Driscoll-Kraay model was used to quantify the regression. The statistical results imply that inventory volatility negatively influences capital investment decisions due to information asymmetry about the current financial position. Additionally, more volatility brings discrepancies in managers' investing decisions to fulfill the possible demand options of capital investment that require processing the inventory. However, based upon the statistical findings, it is suggested to corporate managers that they should consider the financial sensitivity of enterprises regarding inventory volatility. Thus, the current study introduces new thoughts regarding inventory volatility and its empirical role in determining capital investment.