• Title/Summary/Keyword: ROA

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Effects of Grazing on a Pasture Consisted of Different Combination of Tall Fescue and Legumes on Animal Production and Health in Dairy Heifers. IV. Effect on reproductive efficiency and disease-outbreak of grazing holstein heifer. (혼파방목지에서 Tall Fescue와 두과목초 조합이 가축생산성과 질병에 미치는 영향 IV. 방목젖소의 번식효율 및 질병 발생에 미치는 효과)

  • 장덕지;김중계;정창조;김규일;김문철
    • Journal of The Korean Society of Grassland and Forage Science
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    • v.17 no.3
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    • pp.213-222
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    • 1997
  • This study was carried out to investigate the reproduction efficiency and disease of Holstein heifer grazed on mixed pasture desighed with association of tall fescue and white clover cultivar (3 treatments = TI : Tall fescue Fawn + White clover Regal + Orchardgrass + Perennial ryegrass, T2 : Tall fescue Roa + Ladino clover Regal + Orchardgrass + Perennial ryegrass, T3 : Tall fescue Roa + White clover Tahora + Orchardgrass + Perennial ryegrass) on reproduction efficiency and disease in Holstein heifers, ftom April 1994 to November 1996. The results are as follows: 1. Erythrocyte counts, hemoglobin and packed cell volume of hematological values were $8.12\times10^6/{\mu}\ell, 9.9g/m\ell and 30.6m\ell/100m\ell$ respectively. While those were decreased to $4.84~5.93 \times10^6/{\mu}\ell, 7.0~7.8g/100m\ell and 22.8~28.3m\ell/100m\ell$, on pastuage (May-August), WBC counts was increased from $14.4\times10^3/{\mu}\ell to 14.0~18.3 \times 10^{3/\mu\ell}$ on pasturage. No significant differences were detected among the treatments on pastures. 2. Parasitemia levels increased to $14.0\pm8.2$(parasite/1,000rbc) at 1 month after pasturage. 3. At the occurrence of tirst estrus and conception, the average age of the Holstein heifers was $14.3\pm1.9$ and $17.4\pm1.5$ months, respectively, and the average interval of estrus cycle was $20.6\pm1.0$ days. Howerer, there was no significant difference on reproductive efficiency among 3 treatments. 4. The outbreak of diseases were tick bane disease, pink eye, pneumonia, mastitis, gastroentitis, waterpoisoning ringworm papillon and atosis during pasturage period(may-october). These diseases were showed no significant difference among 3 treatments. 5. In conclusion, there are no significant difference on the reproductive effeciency and disease outbreak among three treatments.

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Specialization of Small and Medium-Size Hospitals and Managerial Performance (중소병원의 전문화와 경영성과 - 수익성 분석을 중심으로 -)

  • Kim, Won-Joong;Lee, Yong-Chul;Kang, Sung-Hong
    • Korea Journal of Hospital Management
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    • v.4 no.2
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    • pp.85-105
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    • 1999
  • The main purpose of this article is to analyze the managerial performance of small and medium-size hospitals that are specialized in certain areas of medical services. Data of 189 hospitals were obtained from the data file of Korea Institute of Health Services Management The items include general characteristics of the hospitals, fianancial reports, and utilization records. Degree of specialization is measured by concentration(Herfindahl) index, and the sample hospitals are accordingly classified into specialized and unspecialized groups, by means of cluster analysis. These groups are compared in terms of various measures of managerial performance, which include several profitability indices such as operating margin, return on assets(ROA), and return on equity(ROE). To examine the relationship between specialization and managerial performance, we estimate the regression model, where the profitability indices are used as the dependent variables and the concentration index as the independent variable, controlling for the hospital characteristics such as size, type and location. Also, we perform 'Du Pont' analysis, to investigate the basic elements that can explain the differences in profitability between specialized and unspecialized hospitals. Major findings are as follows: 1. Managerial performance is better for the specilized hospitals than the unspecilized, in all aspects of profitability(operating margin, ROA, ROE). 2. Regression analysis suggests that there is a positive, statistically significant relationship beween the degree of specialization(i.e. concentration) and hospital profitability. 3. Main reason for the higher profitability of specialized hospitals lies in lower expenses rather than higher revenue. 4. In particular, personnel and material expenses are significantly smaller for the specialized hospitals, and this result seems to stem from the efficiency of operating fewer lines of business.(some kind of 'economies of scale') 5. Specialized hospitals also have fewer employees compared with the unspecialized, especially in administrative departments, which implies their efficient personnel management.

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The Relationship Between The Type of R&D Investment and a Firm's Performance (연구개발 투자성향과 기업성과의 관계)

  • Kim, Kyung-Ihl
    • Journal of Convergence for Information Technology
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    • v.8 no.4
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    • pp.213-217
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    • 2018
  • The relationship between R&D investment and subsequent change has been mostly confirmed under additional influencing factors, with the form of innovation investments. The research assumes that a firm adjusts its R&D spending in accordance to performance feedback. It is argued that an increased fluctuation of a firm's R&D expense is related to a reduced performance. This hypothesis is tested on SME in World class 300 Projet by SMBA. Using panel data models, instability measured by SD is related to performance levels measured by ROA, ROE & PM. Results support the proposed relationship between R&D expense instability and the subsequent performance. Although a causal link cannot be clearly established, the results indicate that firms with a lower performance have higher R&D investment fluctuations, possibly being more responsive to performance feedback.

An Empirical Study on the Effect of R&D Investment on Business Performance by Life Cycle -Focus on China's Small and Medium-sized Enterprises(SME)- (기업수명주기별 연구개발투자가 경영성과에 미치는 영향에 관한 실증연구 -중국 중소상장기업(SME)을 중심으로-)

  • Wang, Lin-Lin;Qing, Cheng-Lin
    • Journal of Digital Convergence
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    • v.17 no.6
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    • pp.43-49
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    • 2019
  • The study divided the life cycle of Chinese companies into three stages from 2011 to 2017, 3,750 small and medium-sized enterprises(SME) used disclosure data to analyze the intensity of R&D investment by company life cycle. The analysis showed that the impact of wealth(ROA) on the performance of R&D investment(RDS) and the next(t) business performance, and research and development investments had a different impact on the company's performance depending on the life cycle of the company. The results of this study are expected to help determine the amount of expenditure related to R&D investment and the time of input of resources in consideration of industrial characteristics and corporate characteristics when making strategic decisions related to R&D investment of companies.

An Empirical Study of the Determinant Factors of Banking Efficiency of China (중국 은행효율성의 결정요인에 관한 실증적 연구)

  • Cho, Dae-Woo;Zhu, Hui-Qin
    • International Area Studies Review
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    • v.12 no.2
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    • pp.79-97
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    • 2008
  • After entering into the WTO in October, 2001, China started opening her bank industry on a full scale and her financial markets from the end of 2006. It is true that the Chinese commercial banks should make efforts to enhance their operational efficiency for adapting the rapid change of financial environments. In this paper, the efficiency of 4 Chinese state-owned commercial banks and 11 share holding commercial banks has been estimated. Our Tobit model to find out the determinants of these banks' efficiency. The results are as follows: The efficiency of these banks kept being improved from 1999 to 2003. With regard to the relationship between the determinants and the bank efficiency, their capital ratios, ownership structures and government subsidies are significant at the 5% level while the return on asset(ROA) is significant at the 10% level. The relationship between the determinants and the efficiency has showed that the size, capital ratios, ROA and ownership structure showed significantly before the entry to WTO, on the other hand, after WTO their capital ratios are the only factor to determine their efficiencies.

The Relation between Management Efficiency and Financial Performance in Public Institutions

  • Jang, Ji-Kyung
    • Journal of the Korea Society of Computer and Information
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    • v.27 no.4
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    • pp.161-167
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    • 2022
  • This study aims to analyze the relation between management efficiency and financial performance in public institutions. Based on 135 public institutions published in public business information system from 2017 to 2020, Data Envelopment Analysis(DEA) for estimating management efficiency was performed. This study analyzed the relationship between DEA and financial performance included ROA and ROS using multi-regression analysis. The results of this study are as follows; We find that there is significant positive relation between management efficiency and ROA. We also find this significant relation in model with ROS. This finding implies that management efficiency a factor that improve financial performance in public institutions. The results of this study can provide an important empirical evidence for evaluating the strategy of governance to improve financial performance by enhancing management efficiency.

A Study of Financial Performance using DuPont Analysis in Food Distribution Market

  • Kim, Hak-Seon
    • Culinary science and hospitality research
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    • v.22 no.6
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    • pp.52-60
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    • 2016
  • This study attempts to measure the financial performance of the food distribution company. In order to achieve the goal, this study have measured the ratios of ROE, ROA applying the DuPont analysis, which have been demonstrated with tables to show the change periodically. DuPont analysis is based on analysis of Return on Equity (ROE) & Return on Investment (ROI). The return on equity disaggregate performance into three components: Net Profit Margin, Total Asset Turnover, and the Equity Multiplier. The return on investment consists of Assets Turnover (Operating Income${\times}$Total Assets) and Profit Margin (EBIT${\times}$Operating Income). From the study it if found that Hyundae Green Food's Financial performance is high followed by Foodmerce and then Dongwon home food and Lotte Food. The four companies are significant at their level. In conclusion, ROE & ROI is the most comprehensive measure of profitability of a firm. It considers the operating and investing decisions can be made as well as the financing and their leverage-related decisions.

은행경영위험과 예금보험요율 설정에 관한 연구

  • Choi, Mun-Su
    • The Korean Journal of Financial Management
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    • v.14 no.3
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    • pp.263-287
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    • 1997
  • 본 연구에서는 국내은행의 위험도가 반영된 보험요율을 Merton에 의해 처음으로 제시된 예금보험요율 결정모형을 이용하여 추정하였다. 실증분석 결과에 의하면 표본은행간의 예금보험요율의 추정치에는 횡단면적 차이가 있는 것으로 나타나 표본기간 중 여러 은행들이 공격적 경영을 취함으로써 은행파산의 위험도를 높이는 도덕적 위해의 문제를 발생시켰음을 보여주고 있다. 본 연구는 상관관계 분석을 통하여 추정된 보험요율이 Moody's사의 국내은행에 대한 장기신용등급과 재무건전도등급, 그리고 은행규모, 수익성, 자본적정성, 자산건전성을 나타내는 지표들과 어떠한 관계에 있는 지를 살펴보았다. 분석결과에 의하면 Moody's사의 국내은행에 대한 장기신용등급, 재무건전도등급과 보험요율 사이에는 통계적으로 유의한 관계가 있는 것으로 나타나 추정된 보험요율이 이들 지표와 마찬가지로 위험도를 적절히 반영하는 것으로 나타났다. 또한 보험요율은 은행규모, ROA, ROE들과는 음의 관계가 있는 것으로 나타났으나, BIS기준 자기자본비율, 부실여신비율과는 양의 관계가 있는 것으로 나타났다. 그러나 자기자본비율이나 부실여신비율이 은행의 신용도나 위험도를 적절하게 반영하지 못하는 것으로 나타남으로써 이들 비율에 대한 회계방식의 개선이 요구됨을 본 연구의 결과는 보여주고 있다.

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환경의 불확실성, 의사결정과정 그리고 기업성과 간의 관계: 정보시스템의 조절영향을 중심으로

  • Jang, Su-Deok;Lee, Jang-U
    • Proceedings of the Korea Database Society Conference
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    • 2010.06a
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    • pp.141-163
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    • 2010
  • 본 연구는 조직내 정보시스템의 구축과 활용이 의사결정과정과 기업성과에 미치는 영향에 대해 조사하고자 한다. 기존 연구들에 의하면, 기업의 정보시스템은 의사결정과정에 중요한 역할을 할 수 있는 것으로 논의되어 왔다. 하지만 정보시스템이 여러 형태의 의사결정 과정에 구체적으로 어떤 역할을 하며 기업성과에 또한 어떤 영향을 미치는지에 관해서는 명확한 결론을 제시하지 못하고 있다. 이에 따라 본 연구는 정보시스템의 구축과 활용이 의사결정의 질(quality)을 높여주고 그 결과 재무적 성과를 향상시키는 데 기여할 수 있음을 보여주고자 한다. 또한 환경의 불확실성이 높을수록 정보시스템의 구축과 활용이 의사결정의 질과 재무적 성과에 미치는 영향은 더욱 커질 것으로 기대된다. 본 연구는 이러한 연구목적을 달성하기 위해 섬유, 기계, 자동차부품, 전기 전자 산업으로부터 129개의 표본을 확보했다. 그리고 분석결과 정보처리, 상호협력, 진취성과 같은 의사결정 과정과 정보시스템의 상호작용이 총자산이익률(ROA)에 유의한 긍정적 영향을 미치는 것으로 나타났다. 또한 환경의 불확실성이 높을수록 세 가지 형태의 의사결정과정과 정보시스템의 상호작용이 기업의 재무적 성과에 더 큰 영향을 미친다는 사실도 관찰되었다.

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Impact of Childhood Exposure to Intimate Partner Violence and Other Adversities

  • Franchek-Roa, Kathleen M.;Tiwari, Agnes;Lewis-O'Connor, Annie;Campbell, Jacquelyn
    • Journal of the Korean Academy of Child and Adolescent Psychiatry
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    • v.28 no.3
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    • pp.156-167
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    • 2017
  • Childhood exposure to intimate partner violence (IPV) and other adversities has been shown to have adverse effects on health and well-being not only in childhood but also throughout the lifespan. This paper focuses on the prevalence of childhood adversities including exposure to IPV. The intersection of adverse childhood experiences and IPV victimization/perpetration in adulthood is also explored. The neurobiology of trauma is discussed and by understanding the impact of trauma on health, it is hoped that enhancement of resilience is possible. Based on the identification of protective factors at the individual, familial, and community level, examples of interventions that encourage safe, stable, and nurturing relationships between parents and children are described.