• Title/Summary/Keyword: Social impact

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The Impact of COVID-19 Pandemic on Stock Prices: An Empirical Study of State-Owned Enterprises in Indonesia Stock Exchange

  • MANGINDAAN, Joanne Valesca;MANOSSOH, Hendrik;WALANGITAN, Olivia Fransiske Christine
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.3
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    • pp.337-346
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    • 2022
  • This study explores the impact of the COVID-19 pandemic on the stock prices of state-owned enterprises listed on the Indonesia Stock exchange. The impact of the pandemic is analyzed based on different pandemic phases and the corresponding government pandemic interventions to curb the disease. This study analyzes 6 pandemic event dates, covering the time period from January 2020 to February 2021. A total of 20 state-owned enterprises are included as the sample of this study. Test of difference is employed to compare the stock prices of the state-owned enterprises before and after each pandemic event date. In general, this study confirms the adverse impact of the COVID-19 pandemic on the stock prices, especially the event in 2020, although some variations do exist. The results of the study reveal a significant decrease in the stock prices of the state-owned enterprises after the announcement of the first confirmed COVID-19 cases, the announcement of COVID-19 as a global pandemic, the imposing of Large Scale Social Restriction (PSBB I and PSBB II). In contrast, the stock prices increase after the imposing of a new normal policy and the imposing of Public Activity Restriction (PPKM). This study also documents that the effect of the pandemic may vary based on the pandemic phase.

A Comparison of the Factors Influencing the Life Satisfaction of the Elderly According to their Cognitive Impairment Level (노인의 인지 기능 수준에 따른 삶의 만족도 영향 요인 비교)

  • Hwang, Rah-Il;Lim, Ji-Young;Lee, Young-Whee
    • Journal of Korean Academy of Nursing
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    • v.39 no.5
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    • pp.622-631
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    • 2009
  • Purpose: This study was conducted to analyze the factors that influence the life satisfaction of the elderly according to their cognitive impairment level. Methods: This study was conducted by dividing 3,012 elderly residents of a regional community into three groups based on the scores of the Korean version of the Mini-Mental State Examination: a normal group without any cognitive impairment, a suspicious group with a mild level of cognitive impairment, and a high risk group with a high level of cognitive impairment. Researchers made phone calls, house calls, and personal visits to health centers and shelters for the elderly to gather the information required for this study. Results: The results of this study revealed that social relationships, depression, and activities of daily living had a significant impact on life satisfaction for the normal group, while social relationships and depression had a high impact on life satisfaction for the suspicious group, and social relationships had high impact on the life satisfaction of the high risk group. Conclusion: Based on the results of this study, we suggest that programs that promote development of the social relationship networks of the elderly should be established to promote their life satisfaction.

The Effect of Corporate Cultural Marketing Activities on Brand Image and Loyalty - Focused on Naver Library, Starfield Library and Hyundai Card Library - (기업의 문화마케팅이 브랜드 이미지 및 브랜드 충성도에 미치는 영향 - 네이버라이브러리, 별마당도서관, 현대카드라이브러리를 중심으로 -)

  • Jeong, Eunah;Choi, Seunglee;Choi, Jeongil
    • Journal of Korean Society for Quality Management
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    • v.46 no.4
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    • pp.1015-1028
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    • 2018
  • Purpose: This study attempts to find how the cultural marketing activities utilizing cultural space affect firm's brand image and brand loyalty, and whether this culture marketing technique is recognized as a social contribution activity by potential customers and thereby influence brand image and loyalty. Methods: The data was collected by using the structured questionnaires to consumers who have experience using the Naver Library, Starfield Library, and Hyundai Card Library. The proposed research model is tested using 178 valid questionnaires using Smart PLS 2.0. Results: This research indicated that among cultural marketing factors, cultural support and cultural promotion have little impact on brand image, whereas culture firm influence brand image. Brand image also had an impact on brand loyalty, but it was found that public libraries operated by companies were not recognized as corporate social contribution activities, nor did they have an impact on the formation of the company's brand image. Conclusions: The study offered a theoretical and empirical foundation for future research by empirically identifying the relationship between cultural marketing and brand image and loyalty and confirmed the coordinating effect of social contribution activities between a cultural firm and its brand image.

Impact of ESG (Environmental, Social, Governance) on the Performance of Electric Utilities (ESG(Environmental, Social, Governance)가 발전기업의 성과에 미치는 영향)

  • Ko, Byungguk;Lee, Kyuhwan;Yoon, Yongbeum;Park, Soojin
    • New & Renewable Energy
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    • v.18 no.2
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    • pp.60-72
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    • 2022
  • The environmental, social, and governance (ESG) score is gaining recognition as important nonfinancial investment criteria. With climate change emerging as a global issue, energy companies must pay attention to the ESG impact on corporate performance. In this study, the ESG impact on the performance of energy companies was analyzed based on 23 companies selected from the S&P 500. The panel corrected standard error methodology was used. The Refinitiv ESG score was the independent variable, and financial performance metrics, such as Tobin's Q, return on assets, and return on equity, were the dependent variables. It was found that the ESG score is positively associated with long-term corporate value but not with short-term profitability in the electricity utility industry. Among the subcategories of ESG, the environmental and social scores also showed positive correlations with long-term corporate value. A direct incentive policy is recommended that can offset expenses for ESG activities to reduce carbon emission in the energy sector.

Features of the Impact of Social and Digital Changes on the System of Government Regulation of Banking Activity

  • Zalutska, Khrystyna;Pasichnyk, Vаsyl;Smolinska, Natalia;Grybyk, Igor;Antonova, Liudmyla
    • International Journal of Computer Science & Network Security
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    • v.22 no.4
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    • pp.217-222
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    • 2022
  • The main purpose of the article is to study the features of the impact of social and digital changes on the system of government regulation of banking acitivity. The digital economy sets the vector along which socio-economic systems of micro-, meso-, macro-levels will develop in the long term, which necessitates research and a comprehensive analysis of digital transformation processes. Once a priority for individual innovative companies, today digital transformation has become a mass phenomenon, and the corresponding projects are vital for the success of not only individual companies, but also regions and countries. At the same time, this transformation itself is closely connected with the trend of servicing socio-economic systems and is largely implemented on its basis. Moreover, this relationship and the mechanism for its implementation remain insufficiently studied, which necessitates the development of tools for its identification, assessment and management. As a result of the analysis, the key aspects of the impact of social and digital changes on the system of state regulation of banking activities were identified.

Analyzing the Impact of Social Distancing on the Stoning Ritual of the Islamic Pilgrimage

  • Ilyas, Qazi Mudassar;Ahmad, Muneer;Jhanjhi, Noor Zaman;Ahmad, Muhammad Bilal
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.16 no.6
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    • pp.1953-1972
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    • 2022
  • The COVID-19 pandemic has resulted in a profound impact on large-scale gatherings throughout the world. Social distancing has become one of the most common measures to restrict the spread of the novel Coronavirus. Islamic pilgrimage attracts millions of pilgrims to Saudi Arabia annually. One of the mandatory rituals of pilgrimage is the symbolic stoning of the devil. Every pilgrim is required to perform this ritual within a specified time on three days of pilgrimage. This ritual is prone to congestion due to strict spatiotemporal requirements. We propose a pedestrian simulation model for implementing social distancing in the stoning ritual. An agent-based simulation is designed to analyze the impact of inter-queue and intra-queue spacing between adjacent pilgrims on the throughput and congestion during the stoning ritual. After analyzing several combinations of intra-queue and inter-queue spacings, we conclude that 25 queues with 1.5 meters of intra-queue spacing result in an optimal combination of throughput and congestion. The Ministry of Hajj in Saudi Arabia may benefit from these findings to manage and plan pilgrimage more effectively.

The Impact of Government Support on Family Farm - A Chain Mediation Model: Empirical Evidence from China

  • YANG, Mei;GAO, Jing
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.1
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    • pp.325-332
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    • 2022
  • The aim of this research is to use a conceptual model to experimentally evaluate the mediating impact of government financial and training support on structural social capital and non-financial performance of family farms. Questionnaires were used to collect data from family farms in Guangxi, China, from August 25th to September 8th, 2021. There were 759 valid responses, accounting for 94.99 percent of the total number of respondents. The scales' reliability and validity, and the research's mediating effects and hypotheses, are tested using SPSS 22.0 and AMOS 26.0. The findings suggest that the impact of government financial assistance on family farms' non-financial performance cannot be substantiated. The intermediary chain connection of financial and training support, on the other hand, has a significant mediating effect between structural social capital and family farm non-financial performance. Direct financial assistance could be thought to encourage family farms to rely too much on funding, making them less competitive in market competition, innovation, and long-term operations. According to the conclusions of the study, government assistance to family farms could take a variety of forms, including providing diversified skills training programs in farming practices, managerial skills, and other areas.

How Does Social Media's Labeling Affect Users' Believability and Engagement? The Moderating Role of Regulatory Focus

  • Hui-Ying Han;Youngsok Bang
    • Asia pacific journal of information systems
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    • v.34 no.1
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    • pp.91-113
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    • 2024
  • In the wake of the COVID-19 pandemic, unsubstantiated information concerning vaccines and the coronavirus has proliferated on various social media platforms. Consequently, we have considered viable actions to mitigate the impact of such unverified content, enabling individuals to use social media platforms more effectively and minimize any ensuing confusion. Recent measures in this area have included YouTube's practice of labeling vaccine or corona videos as authoritative when emanating from reputable organizations and Twitter's practice of flagging vaccine-related content as potentially misleading or taken out of context. This study seeks to explore how such contrasting labeling practices influence users' believability and engagement differentially, while also examining the moderating impact of regulatory focus. The results indicate that authoritative labeling positively influenced users' believability and engagement, whereas misleading labeling adversely affected users' believability and engagement. Additionally, our findings revealed that authoritative labeling has a stronger impact on promotion-focused individuals, while misleading labeling has a more pronounced effect on prevention-focused individuals. Our findings offer insights into how social media platforms can design and present information to their users, taking into account their regulatory focus.

The Impact of Structural and Relational Social Capital on SNS User Satisfaction and Continuous Information Sharing Intention (구조적 및 관계적 사회 자본이 SNS 이용자 만족도와 지속적 정보공유 의도에 미치는 영향)

  • Kim, Yoo-Jung
    • Journal of the Korea Society of Computer and Information
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    • v.19 no.12
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    • pp.287-298
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    • 2014
  • This study is to identify how social capital is accumulated and used in SNS space, furthermore, is to examine the impact of structural and relational social capital on SNS user satisfaction, and continuous intention of information sharing. The empirical test showed that social interaction ties have a significant and positive impact on relational social capital(trust in SNS site, trust in SNS user, reciprocity). In addition, it was proven that trust in SNS site played a critical role in satisfying SNS user whereas trust in user and reciprocity was not related to SNS user satisfaction. Finally, trust in SNS site and reciprocity were proven to be key determinants of continuous information sharing intention, whereas trust in user was not related to continuous information sharing intention.

The Effect of Stress on Depression of the Elderly: Focusing on the Moderating Effect of Social Support and Mediating Effect of Sense of Self-Respect (스트레스가 노인의 우울에 미치는 영향: 사회적 지지의 조절효과와 자아존중감의 매개효과를 중심으로)

  • Kim, Bong-Geum
    • The Journal of the Korea Contents Association
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    • v.19 no.6
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    • pp.281-291
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    • 2019
  • The objective of the current study is to verify the moderating effect of social support and mediating effect of sense of self-respect in the impact of stress on depression of the elderly. The subjects of the study are 485 people aged 65 or above who use a comprehensive social welfare center. First, in the effect of stress on depression of elderly people, family issues, health issues, economic issues, and feeling of loss were found to be significant. Second, in the impact of self-respect in the elderly on their depression, family issues, economic issues, and feeling of loss were found to have a mediating effect on depression, but not with health issues. Third, in the impact of social support to the elderly on the relationship between their stress and depression, the moderating effect of social support on depression was found to have a negative value. Based on these findings, the study suggests practical implications on social welfare in reducing depression experienced by the elderly.