• Journal of Korea Water Resources Association
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• v.40 no.1 s.174
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• pp.63-72
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• 2007

The main purpose of this study is that financial resources allocation criteria are examined closely between central government and local government as well as among local government in a river basin. Financial resources allocation principles reflecting water use, flood control, and water quality improvement are reviewed and derived two categories such as common factors and individual factors. The weights of each factor are assigned by analytical hierarchy process. The results of applying four river basins (Han river, Geum river, Nakdong river, Yeongsan-seumjin river) show that rational raising of financial resources are different according to the characteristics of each river basin. Findings are as follows: In case of Han river and Yeongsan Seumjin river, benefit principle and polluter pay principle by individual factors are more attractive than other Principles. Solvency principle by common factor is more acceptable than the other principles in Nakdong-river and Geum-river.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.2
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• pp.973-979
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• 2021

The purpose of this paper is to examine the effect of tax planning on firm value of the non-financial firms listed in Vietnam, moderated by the state ownership. In this paper, effective tax rate is used to measure the tax planning; the state ownership is measured by the percentage of state equity holdings, and the firm value is measured by Tobin's Q. The data research is collected from audited financial statements and other statistical documents of 513 firms in the period of 2015-2019, provided by The FiinGroup (Vietnam). According to that, this paper uses quantitative research methods for the panel data. Regression analysis with GLS shows that the tax planning has a negative effect on firm value. In more detail, the association is not a variable in its direction when state ownership takes the role of a moderator. That means, in the perspective of principal-principal conflict, government should improve institutional environment to prevent firms form breaking the rules, especially accounting standards and principles. Assets allocation in tangible assets or making use of large size advantage should be taken into account. In the long run, firms should concentrate on the deployment of resources and the experience of knowledgeable practitioners to produce effective results.