• Title/Summary/Keyword: Support Exchange

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지속적인 거래관계 속에서의 관계적 규범의 측정에 관한 연구

  • 오세조;김천길;배정아
    • Journal of Distribution Research
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    • v.1 no.1
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    • pp.239-258
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    • 1996
  • This study deals with the measurement of relational norms, a safeguard for sustained exchange relationshipsim marketing channel systems. Here, the relational norm items are hypothesized to have a second-order factor model, in which mine observed items originate from the three first-order factors and the first order factors in turn originate from a second-order factor. The three first order construe comprising a higher order norm are mutuality(equity in the distribution of benefits and burdens over the course of the exchange on a long term basis), flexibility(expectation of friendly adaption for possible circumstance changes), and solidarity (the degree to which the preservation of the unique and continuing relationship is internalized by the exchange partners as being important in and of itself). 113 research questionnaires are obtained from four industries such as construction, telecommunication, iron, and electric & electronic industries, Reliability and nomological. discriminant validity are tested, and in using the confirmatory factor analysis of Lisrel 7.16, and the chi-square difference test it is tested which has a better satisfactory fit to the data, the first-order model or the second-order one. The results of this study indicates that relational norms have a second order construct. In the electric and electronic industry the model as a while has a satisfactory fit to the data and the relevant first- and second-order factor loading to the mutuality is not significant. Same Results are happened to the flexibility in the telecommunication industry and to the mutuality and flexibility in the inn industry. In sum, the model lends support to our construct, but it is difficult to apply the measurement model to all kinds of industries.

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The Impact of Board Activity on The Audit Committee's Effectiveness Score: Empirical Evidence from Saudi Arabia

  • ALJAAIDI, Khaled Salmen;BAGAIS, Omer Ali;ADOW, Anass Hamad Elneel
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.1
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    • pp.179-185
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    • 2021
  • The aim of this study is to examine the impact of board of directors' activity on the audit committee's effectiveness score among manufactured listed companies on Saudi Stock Exchange (Tadawul) for the period 2015-2017. The final sample of this study consists of 195 firm-year observations that represent manufactured companies listed on Saudi Stock Exchange (Tadawul) for the years 2015-2017. The data of this study in terms of board of directors' meetings, audit committee size and meetings, firm leverage, firm performance, and firm age were hand-collected from the annual reports of the considered companies. The Pooled OLS regression's result indicate that audit committee's effectiveness score is influenced by the board of directors' activity. This result gives support to the agency theory prediction. This result is also consistent with the complementary function of corporate governance mechanisms in which board of directors' activity complements the function of audit committee's effectiveness score. The result of this study should be useful for manufacturing companies, Saudi Stock Exchange, auditors, and regulators which relates to the association between board of directors' activity and audit committee's effectiveness score. This study provides a new empirical evidence on the impact of board activity on the audit committee's effectiveness score in an interesting context which is Saudi Arabia.

The Determinant of Shariah Financing in the Agricultural Sector: Evidence from Indonesia

  • ALAM, Azhar;RUSGIANTO, Sulistya;HASMARINI, Maulidyah Indira;FARHAN, Alifian Muhammad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.4
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    • pp.287-298
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    • 2022
  • Indonesia is an agrarian country with the significant development of Shariah banking. This study aimed to estimate the effect of Third Party Funds (TPF), Non-Performing Financing (NPF), Exchange Rates (ER), and Bank Indonesia Shariah Certificates (SBIS) on the Sharia Agriculture Sector Financing in Indonesia during 2014-2020. This study used the Ordinary Least Square (OLS) technique to analyze the data. The coefficient of determination test showed that 99.19% of Sharia financing in the agricultural sector was influenced by TPF, NPF, Exchange Rate, and SBIS variables. The estimation results showed that the variables of TPF and ER significantly affected Sharia Financing for Agricultural Sector (PP). Meanwhile, the NPF and SBIS variables had no significant effect on PP. This research showed the resilience and accuracy of Islamic banking in selecting financing and can support the development of other Islamic financial instruments such as SBIS. Simultaneous test results demonstrated the existence of the estimating model. Because of the character of the Indonesian nation as an agricultural country, this study advised Sharia banking to prioritize the usage of third-party funds from the public for the agricultural industry. Sharia banking also needed to produce Islamic finance products that fit the agriculture business sector's needs.

The Impact of Stock Split Announcements on Stock Prices: Evidence from Colombo Stock Exchange

  • PRABODINI, Madhara;RATHNASINGHA, Prasath Manjula
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.5
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    • pp.41-51
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    • 2022
  • The research looks into the impact of stock split announcements on stock prices and market efficiency in the Colombo Stock Exchange (CSE). This research uses a sample of 26 stock split announcements that occurred between 2020 and June 2021. According to the Global Industry Classification Standards, the stock split announcements covered in the study pertain to 26 businesses and 9 industries (GICS). To obtain the results, the usual event research methodology is used. The findings demonstrate significant average abnormal returns of 15.01 percent on the day the stock split news is made public and abnormal returns of 4.11 percent and -4.05 percent one day before and after the stock split announcement date, respectively. The study's findings revealed significant positive abnormal returns one day before the disclosure date, indicating information leakage, and significant negative abnormal returns the next day after the announcement date, indicating CSE informational efficiency. Because stock prices adapt so quickly to public information, these findings support the semi-strong form efficient market hypothesis, which states that investors cannot gain an abnormal return by trading in stocks on the day of the stock split announcement.

A study on factors that influence organizational identification among employees who work for foreign multinational corporations in Korea (국내 진출 다국적기업 자회사 종사자들의 조직동일시에 미치는 요인에 대한 연구)

  • Jeong Hun Kim;Duckjung Shin
    • Korea Trade Review
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    • v.45 no.6
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    • pp.55-75
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    • 2020
  • This study examines factors that influence organizational identification of employees who work for foreign multinational corporations in Korea. First, we test whether employee perceptions on leader-member exchange, trust in CEO, and career growth opportunity can influence their organizational identification. second, we also investigate moderation effects of employee perception on subsidiary level factors such as co-operation between the subsidiary and its HQ, firm reputation of the subsidiary, and opportunity to work overseas. 391 survey results from 350 subsidiaries of multinational corporations in Korea has been collected for this study. We found that leader-member exchange, trust in CEO and career growth opportunity had a positive effect on organizational identification of employees who work for foreign subsidiaries of multinational corporations in Korea. We also found partial support for the moderation effects of HQ-subsidiary interrelationship and opportunity to work overseas in the relationship between predictors and organizational identification. With this in mind, I hope this help to reconsider competitiveness of global companies in Korea by increasing organizational identification.

Sharing CAD Models Based on Feature Ontology of Commands History

  • Seo, Tae-Sul;Lee, Yoon-Sook;Cheon, Sang-Uk;Han, Soon-Hung;Patil, Lalit;Dutta, Debasish
    • International Journal of CAD/CAM
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    • v.5 no.1
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    • pp.39-47
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    • 2005
  • Different CAx systems are being utilized throughout the product lifecycle due to the practical reasons in the supply chain and design processes. One of the major problems facing enterprises of today is how to share and exchange data among heterogeneous applications. Since different software applications use different terminologies, it is difficult to share and exchange the product data with internal and external partners. This paper presents a method to enhance the CAD model interoperability based on feature ontology. The feature ontology has been constructed based on the feature definition of modeling commands of CAD systems. A method for integration of semantic data has been proposed, implemented, and tested with two commercial CAD systems.

An Implementation of Web-based XML/EDI System (웹 기반 XML/EDI 시스템 설계 및 구현)

  • 구태회;변광준;황인준
    • The Journal of Society for e-Business Studies
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    • v.6 no.1
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    • pp.83-99
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    • 2001
  • The EDI system supports the working environment which can exchange the standardized document through the each agreed communication method. Traditional EDI system is complicated to be implemented and needed high cost te using the system because of the specific VAN(Value Added Network). This Paper proposes the XML/EDI system using the web-based distributed object and proposed the component 'AnySchema', as it makes be able to use legacy Database for EDI user. This XML/EDI system exchanges the XML documents through the Internet, so proposed low cost to support the system. Also, by using the XML document, it doesn't need EDI specific software and easy to exchange data between different systems. This system is implemented by using Java, as platform-independent.

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A Study on the Development of Power System Restoration Support System (전력계통 고장복구 지원시스템 개발에 관한 연구)

  • Oh, Hwa-Jin;Bae, Joo-Chun
    • Proceedings of the KIEE Conference
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    • 2008.11a
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    • pp.318-320
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    • 2008
  • 우리나라의 전력계통은 수도권 전력수요 집중과 대단위 발전단지의 증가, 고장용량의 증대에 따라 고장 발생 시 정확하고 신속하게 조치하지 않을 경우 광역고장으로 파급될 우려가 있다. 전력거래소에서는 전력계통에 고장이 발생할 경우 사전에 검토된 사례를 DB화하고 이를 기반으로 EMS 상태 추정결과에 따라 현재의 계통상황에 유사한 복구절차를 자동으로 계시하여 급전원의 정확하고 신속한 고장복구를 지원하는 시스템을 개발하고자 연구를 수행하였다. 사래기반의 고장복구절차 자동제시를 위하여 계통운영방안 및 휴전검토 시의 검토결과를 자동으로 DB화 하는 프로그램을 개발하였으며 고장발생 시 계통상황을 인식하여 적합한 복구절차를 제시하여 주는 계통감시 프로그램을 개발하였다.

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Characteristic Analysis of Electromagnetic-ultrasonic Guided Waves for Defect Signals in Condenser Tubes (전자기유도초음파를 이용한 복수기 전열관 결함신호 특성분석)

  • Choi, Sang-Hoon;Wang, Gi-Nam
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.27 no.3
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    • pp.174-178
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    • 2015
  • This paper describes a signal processing technique for identifying signals from defects by using an electromagnetic-ultrasonic guided waves method based on a magnetostrictive sensor that generates a torsional mode (T(0, 1)). Because this technique is based on the digital filtering, the filtered signals provide information on the relationship between the cutoff frequency of band-pass filter and the characteristic of defect signals in heat exchange tubes. To verify the performance of the technique, artificial defects with various thickness reduction ration and shape were machined in titanium tubes, and digital filtering results are reported. The results show that digital filtering provides information to the identify shape of defects and the contact condition between the tube and support ring. Therefore, the proposed technique has good potential as a tool for evaluating the integrity of heat exchange tubes.

A Dynamic Model of PEMFC for Residential Power Generator (가정용 연료전지 시스템 동특성 해석 모델)

  • Yu, Sang-Seok;Kim, Han-Seok;Lee, Sang-Min;Lee, Young-Duk;Ahn, Kook-Young
    • 한국신재생에너지학회:학술대회논문집
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    • 2007.11a
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    • pp.12-16
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    • 2007
  • A dynamic model of proton exchange membrane fuel cell(PEMFC) system is designed to understand the performance of the PEMFC in residential power generator(RPG) over various balance of plant(BOP) options. In particular, since the performance of PEMFC system should be optimized for given operating ranges, it is necessary to design suitable BDP components which can support the operating ranges. The objective of this study is to develop a dynamic system model for the study of PEMFC performance over various BOP options. Therefore, a dynamic model is composed of a PEMFC stack model, a water management system model, a thermal management system model and a fuel/air supply model and the model is integrated under SIMULINK(R)environment. Basic simulation results will be presented.

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