• The Journal of Asian Finance, Economics and Business
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• 제8권12호
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• pp.411-420
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• 2021

Based on the Financial Management Information Systems (FMIS) variables and supporting arenas, the current study aims to highlight the importance of FMIS in supporting organizations to achieve organizational excellence (Managing Liabilities, Support Decision Making, Cost Efficiency, Financial Quality, and Security). A quantitative approach was utilized by adopting a questionnaire as a tool. A convenient sample of (249) individuals from different Kuwaiti SMEs answered the questionnaire. SPSS v. 26 was used to analyze gathered data. The study's findings revealed that FMIS has a significant impact on organizational trials to achieve organizational excellence. This impact was most noticeable on the level of cost-efficiency, with an R-value of 0.583, followed by a positive impact on security, with an R-value of 0.453. Based on the results, it can be widely generalized that FMIS can help the organization reach organizational excellence through managing its financial affairs. As a result, the study recommends paying more attention to the quality of data presented to FMIS, keeping in mind that human errors in data entry might result in incorrect and malfunctioned data, even if it is processed by FMIS. FMIS also improves the ability of an organization to schedule financial information, such as obligations, receivables, debts, payments, and expenses.

• 한국축산시설환경학회지
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• 제16권3호
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• pp.245-252
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• 2010

축산업의 대규모 전업화로서 폐사가축이 급증되어서 대기, 수질, 토양, 지하수 등의 환경오염 및 쥐. 파리. 까마귀 등의 썩은 고기를 좋아하는 위해동물 번식으로 인하여 자연환경이 오염되어가고 있다. 전라남도 순천 지역 중심의 축종별 호당 연간평균 사육두수는 양계농가 251,000마리, 양돈농가 2,600두, 한우농가 142두 및 낙농가 92두 등 이었으며, 호당 연간추정 폐사가축 발생량은 양계농가 0.46톤, 양돈농가 15.32톤, 한우농가 0.36톤 및 낙농가 1.33톤 등이었다. 순천지역 축산농가의 연간 추정 폐사가축 발생량은 2,754톤 이였으며, 특히 양돈농가 폐사가축 발생량은 1,287톤으로 전체발생량의 47%를 차지하였다. 폐사가축 처리방식은 산지와 과수원 등에 매몰처리 (42%)와 축분에 투기처리 (36%)가 대부분 (78%)이며, 개별농가 사정에 따라서 렌더링, 간이소각, 침지소화 및 사체처리기 등이 활용되었다. 폐사가축처리시설 선정은 매몰처리로 발생하는 수질 및 대기오염, 위해동물 발생, 질병확산 위험 등이 없고, 처리비용이 다른 방법보다 저렴한 폐사가축 퇴비화시설 도입이 필요하였다.

• Journal of Korea Trade
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• 제24권1호
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• pp.82-98
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• 2020

Purpose - This study aims to overcome the limitations of existing studies, which linearly determine the precedence factors of competency in overseas subsidiaries. The research objectives are as follows. First, what kind of nonlinear effects does the level of control held by Korean headquarters over foreign subsidiaries have in terms of competency in the subsidiaries? Second, what kind of nonlinear effects do the local experiences of overseas subsidiaries have on their competency? Design/methodology - With data on Korean multinational corporations (MNCs), this paper analyzes the effects of control levels of headquarters (HQs) and host-country experiences of foreign subsidiaries regarding competency in overseas subsidiaries. In particular, this study focuses on nonlinear models, differentiating it from previous studies. In order to examine research hypotheses, this study conducted a survey of overseas subsidiaries of Korean corporations. Surveys were conducted through various methods including e-mail, online questionnaires, fax, and telephone calls. Copies of the questionnaire were distributed to a total of 2,246 overseas subsidiaries, and 409 completed responses were collected. Excluding 15 copies that were insufficiently answered, responses from a total of 394 copies were used for analysis. Findings - This study presents the following results. First, there is a U-shaped relationship between levels of HQ control and competency in foreign subsidiaries. This means that higher levels of HQ control negatively impact the competency levels of subsidiaries because strict control undermines autonomy in subsidiaries. However, if the level of HQ control exceeds a certain point, then the transfer of knowledge between HQs and subsidiaries is facilitated. Knowledge transferred from HQs can be used as prior knowledge by foreign subsidiaries to the benefit of all parties. Accordingly, knowledge transfer negates the negative effects of excessive HQ control and positively affects competency in subsidiaries. Second, there is an inverted U-shaped relationship between the local (host-country) experiences of subsidiaries and competency in foreign subsidiaries. This means that foreign subsidiaries can overcome the liabilities of foreignness and contribute to capability building by accumulating unique knowledge about their host countries. However, if local experiences accumulate excessively beyond a certain point, then the host country-specific experiences of foreign subsidiaries will offset the benefits discussed above. Excessive local experiences not only increase organizational inertia, but also create a problem of goal incongruence due to information asymmetry between HQs and subsidiaries. Therefore, excessive local experiences have negative effects on competency in foreign subsidiaries. Originality/value - This study suggests the following implications. First, unlike existing studies based mainly on linear models, this study presents important theoretical implications in its focus on nonlinear models and its analysis of the effects of HQ control and local experiences on competency in foreign subsidiaries from perspectives of organizational learning theory and agency theory. Second, in terms of practical implications, the results of this study suggest that optimally raising levels of HQ control and managing the local experiences of subsidiaries without increasing organizational inertia is important for enhancing competency in foreign subsidiaries.