• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.71
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• pp.107-126
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• 2016

This study is to review "on board notation" on a bill of lading under letter of credit transactions. A bill of lading is a type of document that is used to acknowledge the receipt of a shipment of goods. However, UCP 600Article 20 (a)(ii) requires the bill of lading to indicate that the goods have been shipped on board a named vessel at the port of loading stated in the credit by pre-printed wording, or an on board notation indicating the date on which the goods have been shipped on board. The shipped on board statement should relate to loading on board the named vessel at the port of loading stated in the credit. But it doesn't seem that the on board notation clause in the UCP 600 reflect current shipping practice fully because of the various kinds of on board notation and the confusion surrounding their use. There is a need to understand accurately the meanings and requirements of "on board notation" under UCP 600 and the related regulations. So, This paper will be studied the requirements and indication method of "on board notation" on the bill of lading and presented the practical implications under the bill of lading transactions. This study was based on documentary research including preceding research.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.3
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• pp.87-99
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• 2020

The study aims to investigate factors that determine dividend payout policy using 336 non-financial firm year observations covering the period 2005 to 2016 in Malaysia. We found a significant positive relationship between corporate board size, board members average age, board tenure and dividend payout policy. We also found a strong negative effect and statistically insignificant relationship of board diversity, board independence, CEO duality and dividend payout policy. Additional, financial leverage has a negative effect on dividend payout policy. It is also noticed that firms with diverse boards are more likely to pay dividends and tend to pay larger dividends than those with non-diverse boards. Our results suggest that board diversity has a significant impact on dividend payout policy. Impact of board diversity on dividend payout policy is particularly conspicuous for firms with potentially greater agency problems. Our findings are consistent with the argument that corporate board traits enhancement positively affect the dividend payout policy which is beneficial for shareholders. This study offers useful insights into the current global debate on board traits and its implications for firms. The dividend payout policy signals good news to investors. Corporate board traits and firm's financial decision are the factors that disrupt the dividend decision.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.135-147
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• 2022

This study was conducted to determine whether there is a significant relationship between board structure and board committee qualities and corporate cash holdings in Pakistan. For this objective, 168 listed enterprises on the PSX for the period 2016 to 2020 were chosen as a sample from a population of 436 non-financial firms. Multiple regression analysis was used in the study to discover a relationship between board structure and board committee features and cash holdings. The study's findings revealed that board size, executive directors, and board independence have no significant impact on the firm's cash holding because they play no important part in the firm's cash holding. Auditors, audit committee size, audit committee meetings, and the compensation committee, on the other hand, have no major impact on the firm's cash holdings because they are not relevant indicators to compare with cash holdings. While board meeting frequency and leadership structure both have a negative influence on cash holding, board meeting frequency increases firm costs, whereas leadership structure causes agency problems. Results were supported by the pecking order theory, cash flow theory, and agency theory.

• Journal of Biosystems Engineering
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• v.28 no.2
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• pp.127-136
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• 2003

The top-to-bottom compression strength of corrugated board box is the most important mode of loading during it's no, and it depends largely on the edgewise compression strength of the corrugated board in the cross-machine direction and to a considerable extent on the flexural stiffness in both principal directions (CD; cross-machine direction, MD; machine direction) of the corrugated board. Corrugated board is a sandwich structure with an orthotropic property. The purpose of this study was to elucidate the principal design parameters for board combination of corrugated board from the viewpoint of bending strength through the finite element analysis [FEA] fur the various corrugated board. In general, the flexural stiffness [FS] in the MD was 2-3 times larger than that in the CD, and the effect of liner for the FS of corrugated board was much bigger than that of corrugating medium. The flexural stiffness index [FSI] was high when the stiffness of liner was in the order of inner, outer, and middle liner in double-wall corrugated board [DW], and the effect of the stiffness arrangement or itself reinforcement of corrugating medium on the FSI was not high. In single-wall corrugated board [SW] with DW. the variation of FSI with itself stiffness reinforcement of liner was much bigger than that with stiffness arrangement of liner. The highest FSI was at the ratio of about 2:1:2 for basis weight distribution of outer, middle, and inner liner if the stiffness of liner and total basis weight of corrugated board were equal in DW Secondarily. basis weight was in the order of inner, outer, and middle liner. However, the variation of FSI with basis weight distribution between liner and corrugating medium was much bigger than that with itself basis weight distribution ratio of liner and corrugating medium respectively in both DW and SW. md the FSI was high as more total basis weight was divided into liner. These phenomena fur board combination of corrugated board based on the FEA were well verified by experimental investigation.

• 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.

• 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.

• Knowledge Management Research
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• v.17 no.4
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• pp.105-127
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• 2016

There is a growing awareness about the role of the board of directors in decision making, which is crucial to vitalize board activities in Korean firms. Given the academic and social needs, the current study is designed to identify the relationship between board independence and the board involvement of directors, highlighting the important aspects of information provision from diverse channels and information sharing among external directors. In this study, I include not only traditional variables to address the structural independence of the board but also the information provision and information sharing variables to explain how external directors, on average, are involved in board decisions. The research results from 136 Korean business samples show positive relationships between board independence and board involvement, but the influence of information provision and sharing proves to be significant in increasing the level of the board involvement of external directors. These findings suggest that active communication and information sharing among external directors, as well as an independent structural design for the board of directors, are important factors to improve the level of board involvement. Based on these results, the current paper provides theoretical and practical implications for corporate governance and knowledge management. Future research directions and limitations are also discussed.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.1101-1111
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• 2021

The current study aims to investigate the influence of different categories of ownership held by different types of board members on bank performance. The study uses a sample of Saudi listed banks for the period from 2011 to 2018. The results of the panel data analysis using firm fixed-effects regression model indicate that bank performance is significantly and positively affected by the chairman ownership and the CEO ownership. However, board independent members' ownership has a negative influence on bank performance. While non-executive board members' ownership and family board members have an insignificant impact on bank performance. Control variables, including board size, non-executive board members, government ownership, leverage, and bank size are significantly associated with bank performance. Overall, the results indicate that Saudi bank performance is higher in smaller banks that have smaller boards with lower non-executive members, lower portion of shares held by independent board members, higher portion of shares held by the chairman, CEO, and government, and higher leverage. The results of this study provide important implications for regulatory authorities and market participants in Saudi Arabia and countries with ownership concentration to understand the actual role of different categories of board ownership on firm performance in addition to optimize board ownership.

• Journal of the Korean Society of Marine Environment & Safety
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• v.25 no.1
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• pp.9-17
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• 2019

This study investigated the purpose of commissioned on-board training and the legal basis for the management of commissioned on-board trainees, focusing on the seafarer educational institution belonging to the Ministry of Education, which cultivates merchant mariners. A program was developed based on this research. Despite the legal basis for the management of commissioned on-board trainees, satisfaction with on-board training management has not been high, and the on-board trainee management system of the university was poor. As a result safety accidents among commissioned on-board trainees occurred on ships, and a few students abandoned on-board training. An I.M.S.A.R. model has been developed for safe and systematic management of commissioned on-board trainees, and a base for a human resource management program for commissioned on-board trainees has also been developed. This study is meaningful in that it derived a practical plan for the management of commissioned on-board trainees.

• The Transactions of The Korean Institute of Electrical Engineers
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• v.61 no.3
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• pp.384-393
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• 2012

Railroad signaling systems perform controlling the distance and routes between trains. Signaling methods on the wayside are to control passively the train speed by using signal flags which are installed on the wayside. ATS(Automatic Train Stop) device is used as the signaling method on the wayside in Korea. The ATS device is assistance equipment of engineers. Signal information is transmitted by combining mutual inductance between the wayside transmitter and on-board receiver. The wayside transmitter performs changing oscillation frequency according to the signal information. The on-board receiver performs controlling the train by receiving the frequency. Currently, the oscillation frequency on the on-board receiver is 78[kHz] in case of normal state. When the on-board receiver is over the wayside transmitter, the oscillation frequency is changed by capacitors of the wayside transmitter according to signal flags. In case of changing the oscillation frequency, the waveform is modified in the wayside transmitter and on-board receiver. This phenomenon is that other signals or communication frequency are included. In this paper, electric model between the wayside transmitter and on-board receiver is suggested and frequency response in the wayside transmitter and on-board receiver including other signals is estimated by the coupling coefficient. Also, the value of coupling coefficient is proposed to exclude other signals and demonstrated by using Matlab and PSpice program.