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Efficiency of Board Composition on Firm Performance: Empirical Evidence from listed Manufacturing Firms of Bangladesh

  • Rahman, Md. Musfiqur;Saima, Farjana Nur
    • The Journal of Asian Finance, Economics and Business
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    • v.5 no.2
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    • pp.53-61
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    • 2018
  • Corporate governance has received massive attention in academic research nowadays due to several recent corporate failures. Inefficiency of corporate governance mechanisms have driven the minds of the researchers and the policy makers to look with more insights into this area. Board composition, as part of corporate governance mechanism, plays a significant role to achieve company's goals or objectives and ensure transparency and accountability. The objective of this study is to find out the efficiency of board composition through board size, independent directors and female directors on firm performance in the listed manufacturing firms of Bangladesh. In this study, a sample of 162 firm years are considered as the sample during the period of 2011 to 2016. This study finds that large board is the significant explanatory variable in improving firm performance. This study also shows that board independence and female directors have no significant association with firm performance which implies that instrument of corporate governance mechanism particularly board composition is very weak. This study recommends that code of corporate governance, specially the role of independent directors and female directors, should be reformed in the light of cultural and institutional context along with the effective enforcement.

Analysis of Relative Importance of Board Game Development Models (보드게임 개발 모형의 상대적 중요도 분석)

  • Kim, Ji-Hye;Ho, Ryu Seuc
    • Journal of Digital Convergence
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    • v.20 no.1
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    • pp.257-263
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    • 2022
  • In the current era of Corona, the positive potential of board games is emerging as the 'untact' is accelerating. This situation can be seen as an opportunity to have a positive impact on the development of the board game industry depending on how to develop board games in a more interesting, high-quality and educational way than before. To this end, this study intends to present a methodology for deriving the relative importance of important factors in board game development among the preceding studies and methodologies for more advanced board game development by board game developers and experts. This study is to derive the relative importance of important factors in board game development. To this end, important factors in board game development for board game developers and experts were derived through the Delphi method, and the Delphi method in the ranking format was used to rank the relative importance of the derived factors. This study focused on the development model of playing cards among board games. Priority analysis result, development and planning composition, prior research analysis, draft production, production, validation, application, and review in order of importance were derived(were derived in the order of importance). The results of this study are expected to provide practical guidelines for companies to prioritize and utilize development according to their importance when developing board games.

Review on the heat storage performance and air pollutant adsorption properties of gypsum board according to the additives (석고보드의 첨가제에 따른 오염물질 흡착 및 축열 성능에 대한 고찰)

  • Seo, Hyun Jeong;Jeong, Su-Gwang;Lim, Jae-Han;Kim, Sumin
    • Journal of the Korean Solar Energy Society
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    • v.35 no.1
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    • pp.97-106
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    • 2015
  • Gypsum board is easy to manufacture of a variety of forms and has stable mechanical properties and thermal properties. And gypsum boards are widely used to the walls and ceiling of the building as the interior building materials. The studies about technology of applying the various features in the gypsum board with additives are being actively investigated. Development methods for enhancing performance of the gypsum board using additives are largely divided into two categories. The first case is functional gypsum board that is to improve the moisture absorption and moisture-proof properties. Also studies of adsorption and decomposition of indoor air pollutants of the gypsum board using porous materials as an additive are being actively investigated. Another case is applying thermal storage materials which gives the heat storage performance to gypsum board. In this paper, we would like to introduce the various cases of gypsum board applied various additives.

Board Characteristics and Capital Structure: Evidence from Thai Listed Companies

  • THAKOLWIROJ, Chalisa;SITHIPOLVANICHGUL, Juthamon
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.861-872
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    • 2021
  • This study examines the relationship between board characteristics and capital structure. Data was collected from the annual reports of listed companies in the Stock Exchange of Thailand, from 2015 to 2017, which totaled 1,264 firm-year observations. The study uses multiple regression analysis to analyses the data by using independent variables, including board size, outside directors, managerial ownership, CEO duality, frequency of board meetings, board experience, and gender to measure board characteristics and the total debt ratio for capital structure. Research findings show that the more independent the directors are, the lower the cost of debt financing is, as they control the management team more strictly about debt financing than directors with less independence do. Additionally, the results reveal that the higher the percentage of managerial ownership, the higher the level of leverage and debt financing, whereas board size and board meetings have a negative relationship to capital structure. Further research showed that firm size, growth opportunities and corporate governance rating all had a positive significant impact on capital structure. The findings of this study suggest that the presence of proper corporate governance leads to better funding mechanisms as it ensures that the company is in a better position to obtain external funding.

DESIGN AND IMPLEMENTATION OF ON-BOARD COMPUTERS FOR STSAT-2

  • Ryu Changwan;Choi Myungjin;Oh Daesoo;Kang Kyungin;Nam Myeong-Ryong;Keum Junghoon
    • Bulletin of the Korean Space Science Society
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    • 2004.10b
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    • pp.293-295
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    • 2004
  • The Engineering Model of on-board computer was developed and tested completely with other sub-systems for STSAT-2. We designed the on-board computer of STSAT-2 which has some improved features compared with that of STSAT-l. A remarkable change is that the on-board computer has a structure of centeralized network communication without a Network Controller of the STSAT-l. That is, the on-board computer directly manages a satellite network. In addition, as many logics are implemented by Field Programmable Gate Array, so we can reduce the weight and size of on-board computer. Also, the developed on-board computer has more improved tolerance against Single Event Upsets and faults than that of the STSAT-l.

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The Impact of Board of Directors' Characteristics on Firm Performance: A Case Study in Jordan

  • KANAKRIYAH, Raed
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.341-350
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    • 2021
  • This study tested the effect of the board of directors' (BOD) characteristics on the corporate performance of the Jordanian industrial and service companies listed on the Amman Stock Exchange (ASE) during the period 2015-2019. The characteristics of the BOD were measured through the following variables: MO = managerial ownership; CEODU = CEO duality; BI = board independence; GD = gender diversity; ND = nationality diversity; AE = advanced education; BM = board meetings; BSIZ = board size; CSIZ = corporate size; CA = corporate age. The corporate performance was measured by return on assets (ROA) and return on equity (ROE). The corporate size and corporate age were used as control variables. The study sample consisted of 85 industrial and service companies with 425 observations to identify the nature of the effect of the BOD characteristics on performance. This study applied time-series data (panel data), and the multiple linear regression method was used to achieve study objectives. Results showed a positive effect of the study variables on performance, while the corporate age and the education level (BOD members) have a negative effect on performance.

The electronic reference service in university libraries a n.0, pplying E-mail and electronic bulletin board (전자우편과 전자게시판을 활용한 대학도서관 전자참고서비스)

  • 문정순
    • Journal of Korean Library and Information Science Society
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    • v.26
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    • pp.541-573
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    • 1997
  • This study reviews several innovative electronic reference services that will be transformed in the age of the virtual library. This study focused on reference service via E-mail and electronic bulletin board which is regarded as the most important service in a variety of electronic reference services. Through E-mail and the electronic bulletin board, the user submits questions and the librarian responds with the answer. Though interest in using E-mail and electronic bulletin board as a basis for reference service has grown considerably in recent years, it is still in its infancy in Korea. Thus the purpose of this study is to propose a model electronic reference service system using E-mail and the electronic bulletin board for university libraries in Korea. This system consists of the following modules: electronic reference services policy, open reference service via electronic bulletin board, closed reference service via E-mail, and FAQ. This system is meant to be a guide for those considering implementing such a service.

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Development and rotating test of the high temperature superconducting motor with on-board cryocooler (탑재형 냉동기를 이용한 고온 초전도 모터 개발 및 회전 실험)

  • Ki, Tae-Kyung;Kim, Young-Kwon;Kim, Hee-Sun;Jeong, Sang-Kwon
    • Progress in Superconductivity and Cryogenics
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    • v.13 no.1
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    • pp.12-16
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    • 2011
  • In this paper, the prototype of the HTS motor with an on-board cryocooler, is fabricated and tested. The overall system is composed of the stator with conventional copper winding, the rotor with superconductor, and the rotating cryocooler designed from the on-board concept. The rotor is fabricated as the race-track coil with 2G, YBCO tape and contacts with the on-board cryocooler while being rotated together. An inline-type pulse tube refrigerator is used as the on-board cryocooler. The cryocooler is fabricated from optimal process to satisfy the structure and thermal stability of the on-board system. Each component is integrated according to carefully defined sequence. Specially, a combining method of torque tubes is an important part for sustaining stability of the rotor and the cryocooler. In the rotating test, the HTS motor is successfully operated with 240 rpm of rotating speed when 75 A current is supplied to the superconducting rotor. In this paper, potential problems of the HTS motor system using the on-board cryocooler are proposed and solved, and realistic possibility of this concept is also confirmed.

RADAR level measurement in Joule heated ceramic melter: A novel technique

  • Suneel, G.;Mahashabde, Mukesh;Borkotoky, Ritusmita;Sharma, Nitin Kumar;Pradeep, M.P.;Gayen, J.K.;Pimparkar, H.R.;Ravi, K.V.
    • Nuclear Engineering and Technology
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    • v.53 no.4
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    • pp.1176-1180
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    • 2021
  • The current study relates to RADAR (RAdio Detection and Ranging) application for level measurement of vitrified radioactive liquid nuclear waste. The vitrification of radioactive liquid waste is carried out in special equipment called 'Melters'. The study is directed towards the design and frequency modulation used in the level measurement of vitrified waste. More specifically, the RADAR design and frequency used for level measurement in a melter. This level measurement technique can also be used for dynamic vitrification process and can be used to measure the level variations without using any external medium/material and using only electromagnetic waves. Also, this technique is durable and accurate even under the high radioactive environment present inside the melter.

Manufacturing Characteristics of Cement-Bonded Wood Composite Board as Sound Absorption Type-Noise Barrier

  • Suh, Jin-Suk;Kang, Eun-Chang;Park, Jong-Young
    • Journal of the Korean Wood Science and Technology
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    • v.32 no.6
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    • pp.50-56
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    • 2004
  • This study was conducted to investigate the performance of sound absorption type-noise barriers manufactured with a combination of wood particles used for particleboard, recycled waste newspaper, and cement. An average density of wood-combined cement board was in the range from 0.83 to 0.96 g/cm3, showing relatively low-density board. Regardless of types of cement bonded board or wooden board, the board with concave holes(凹)-formed surfaces showed greater sound absorption coefficient compared to those of flat surface boards. The board density was not related with those coefficients. Accordingly, it was concluded that concave or deep corrugated surface structure has played an important role in sound absorption for the application of sound absorption type-noise barrier.