• The Journal of Asian Finance, Economics and Business
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• 제8권10호
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• pp.327-339
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• 2021

This study examines the impact of bank restructuring on the financial performance of commercial banks in Vietnam. The data for this study was obtained from the audited financial statements of 30 Vietnamese commercial banks from 2007 to 2019. Multiple regression analysis was used for investigation. Financial performance, as evaluated by ROAA, ROEA, and NIM, is the dependent variable. Financial restructuring, ownership restructuring, and operational restructuring are the independent variables. Pooled least squares (Pooled OLS), fixed effects model (FEM), random effects model (REM), and system generalized moment regression model (System GMM) are the estimate methods used to increase the accuracy of the regression coefficient. The research results show that the variables of financial restructuring activities such as government intervention and the ratio of equity to total assets; variables of ownership restructuring such as capital adequacy ratio, privatization of state-owned commercial banks, mergers, and acquisitions; variables of operational restructuring such as employees, branches, the cost to total assets; GDP variables and the second restructuring period have a positive impact on financial performance. Variables such as debt-to-capital ratio, bad debt ratio, state ownership ratio, expense-income ratio, and inflation have a negative effect on financial performance.

• 아태비즈니스연구
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• 제1권1호
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• pp.41-60
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• 2010

After over a decade of sluggish economic growth accompanied by massive fiscal stimulus in the 1990s, it remains an open question whether and how Japanese firms have restructured their operations, and whether these efforts have borne any fruit. Using a randomly selected sample of 300 firms from the Tokyo Stock Exchange, we collect all restructuring announcement in the FY 2000-2001 (April 2000-March 2002) period. Our results are striking in that while we find that firms engaging in restructuring of various sorts display improved earnings in the period following the restructuring announcement, shareholders do not appear to benefit at the time of the restructuring announcements.

• The Journal of Asian Finance, Economics and Business
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• 제7권9호
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• pp.75-84
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• 2020

The study investigates and measures the impact of financial restructuring on overall financial performance of commercial banks in Vietnam. Survey data for this research were collected from audited financial reports of 28 commercial banks in Vietnam, for the period from 2008 to 2018. In the study, we have built a model of econometric regression with the dependent variable being financial results measured through ROA and ROE. The research methods used include Pooled Ordinary Least Square Model (POLS), Fixed Effects Model (FEM), Random Effects Model (REM), and different Generalized Method of Moments (GMM). The results showed that the account payables restructuring and owners' equity restructuring are much needed. Increasing the owners' equity, decreasing the account payables would improve the overall financial performance, bad debts restructuring to decrease bad debts would also improve the financial performance as well. However, the financial restructuring in the period 2012-2015 and 2016-2018, indeed worsen the financial performance during those times. The findings of this study suggest that the evaluation of the financial performance after restructuring of commercial banks in Vietnam must be based on longer data. At the same time, it is necessary to examine differences between various banking groups to draw accurate conclusions on financial performance.

• 공학교육연구
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• 제18권2호
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• pp.14-26
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• 2015

The purpose of this study was to analyze the number of university entrants influenced by the population decline of school age, to discuss the major issues of university restructuring policy initiated by government, and to suggest the mid- to long-term policy agenda on university restructuring. According to the analysis of university enrollment changes, university enrollment quota will decrease to 29% of year 2013. And the ratio of private university enrollment and the entrants of universities in the metropolitan areas will increase. Under these circumstances, it is highly concerned that high school graduates will be more concentrated to private universities located in the metropolitan areas. The government policy on university restructuring have several problems on the direction, the pursuing strategies, and the negative impacts of it. This study suggested the new paradigm for the university development and also the alternative strategies such as the balanced development in universities, financial support system, school-to-work policy, university collaboration system, and an enactment of university development.

• The Journal of Asian Finance, Economics and Business
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• 제7권7호
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• pp.413-424
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• 2020

This study examines the direct effect of workforce restructuring on the withdrawal behavior and mediating effect of perceived job insecurity. Empirically it also explores the moderating effect of career plateau and procedural justice on the above relationship. The study focuses on the mediating role of job insecurity and the moderating role of career plateau in relations to procedural justice, which will concentrate on the relationship between workforce restructuring and withdrawal behavior. For the empirical study, we collected and analyzed 442 survey data from employees of Korean companies. SPSS 24 is used for reliability, correlation and regression analysis. The results of the empirical analysis are as follows. First, perceived job insecurity mediated the relationship between workforce restructuring and withdrawal behavior. Second, content career plateau had a negative moderating effect on the relationship between workforce restructuring and job insecurity. Finally, the moderating effect of procedural justice was not supported. This research extend workforce restructuring and career plateau related studies; by exploring the mediating variable and moderating variable on the relationship between workforce restructuring and the pertaining outcomes. Based on the results, we provide theoretical and practical implications along with future research recommendations.

• 수산해양교육연구
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• 제24권6호
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• pp.901-919
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• 2012

The purpose of this study is to conceptualize some issues around university restructuring in Korea, and explore rational-practical solutions ensuring the survival of higher education institutes confronting many challenges like rapid decreasing rate of birth, global open market of higher education system, and the phenomena of concentration on capital city area etc.. In order to achieve study goals, higher education policies and provisions of past governments from DaeJung Kim's to current MeongBak Lee's were analyzed, and also characteristics and directions of university restructuring of each government were identified. Through this analysis, it was evident that the main concern of university restucturing discourse was primarily focused on how to make public universities have high level of competitiveness. On the other hand, private universities had been totally alienated from university restructuring discourse since 1990's, despite their historical and great contributions to national development of our country. Based on some criticisms of educational policies of national government and partial revision proposal of the higher education act initiated by a few assemblymen, this study suggested eight solutions for developmental restructuring of private universities; constructing comprehensive framework of university restructuring, keeping market-friendly restructuring principle to allow universities take an autonomous position, revising methods, criteria and indexes of university evaluation, reducing the number of enrolling students, not the number of universities and colleges, a new policy to develop local universities allying with universities located at capital city area, differentiating private universities into two types of semi- or quasi-national university and complete autonomous university, legislating financial supports to private universities, and lastly, equal treatment of public and private universities in pursuit of half price tuition.

• 디지털융복합연구
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• 제13권8호
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• pp.439-447
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• 2015

본 연구의 목적은 융복합 사회에서 대학구조개혁정책을 Habermas의 의사소통행위이론 관점에서 논의하고, 한국대학구조개혁정책에 시사점 제공이다. 본 연구는 문헌연구이고 한국대학구조개혁정책과 Habermas의 의사소통행위이론을 분석하여 Habermas의 의사소통행위이론 관점에서 한국대학구조개혁정책에 주는 시사점을 분석하였다. 한국대학구조개혁은 대학의 재구조화와 대학교육의 질적인 향상을 위하여 추진되었으나, 국가통제의 성격이 강하다. Habermas의 의사소통행위이론의 주요개념은 상호이해이며, 사회를 체계와 생활세계로 파악한다. 생활세계는 의사소통적 합리성을 추구하며 이해지향적이다. 체계는 합리성을 추구하며 화폐와 권력을 매체로 하여 성공(목적)지향적이다. 한국 대학구조개혁정책은 국가권력에 의하여 화폐(지원금 등)를 강제적으로 배분하는 것이 아니라, 생활세계의 영역에서 국가와 대학구성원 간의 상호이해와 의사소통을 통하여 추진해 나가야 한다.

• 디지털융복합연구
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• 제18권6호
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• pp.217-223
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• 2020

본 연구는 기업이 개별 기업수명주기에 따라 선택하는 구조조정 전략이 재무적 곤경에 직면할 경우에 기업회생에 긍정적인 영향을 줄 수 있다는 증거를 제시하는 것을 목적으로 한다. 본 연구는 2001년부터 2016년까지 한국거래소에 상장되어 있는 기업의 3,593개 표본을 대상으로 로짓회귀분석을 실시하였다. 기업수명주기별로 구조조정 전략의 선택에 차이가 있다는 실증분석결과, 기업 수명주기에서 성장기에 속한 재무적 곤경 기업은 사업 및 자산구조조정을 이용하여 기업을 회생시키고, 쇠퇴기에 속한 재무적 곤경 기업은 재무적구조조정을 이용하여 기업을 회생시키는 것으로 확인되었다. 국내 기업들의 구조조정이 증가하는 상황에서 본 연구의 결과는 기업의 수명주기에 따라 적합한 구조조정의 전략을 선택하는 것이 중요함을 시사한다.

• Journal of information and communication convergence engineering
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• 제1권3호
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• pp.99-103
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• 2003

Classes are apt to include useless codes and inadequate inheritance relationship between them when they are being updated, inserted and deleted during the evolution process of object-oriented software, leading to lots of errors. Conventional class restructuring methods degrade the effectiveness of reusability since they go with preprocesses such as dependency analysis and estimation of class cohesion and run statically. In this paper, we propose a new C＋＋ class-restructuring algorithm that does not require those preprocesses and runs dynamically by improving ART learning algorithm in the artificial neural networks.

• Human Ecology Research
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• 제58권1호
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• pp.61-74
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• 2020

This study examined the effects of moral disengagement (cognitive restructuring and blaming the victim) and self-control on cyberbullying perpetration and investigated if self-control moderated the relationship between moral disengagement (cognitive restructuring and blaming the victim) and cyberbullying perpetration. Participants in the study consisted of 551 middle school students (273 boys and 278 girls) from five middle schools in Seoul and Gyeonggi-do. Cyberbullying perpetration, moral disengagement and self-control were measured using the Bullying/Victimization Questionnaire, the Mechanisms of Moral Disengagement Scale, and the Self-Control Scale for children and adolescents. Data were analyzed by means of descriptive statistics and a hierarchical regression analysis. The moderating effect of self-control was analyzed using procedures proposed by Baron and Kenny (1986). The results indicated that both levels of cognitive restructuring and blaming the victim increased cyberbullying perpetration whereas the level of self-control decreased cyberbullying perpetration. In addition, self-control moderated the effect of cognitive restructuring on cyberbullying perpetration. The influence of cognitive restructuring on cyberbullying perpetration was greater when the level of self-control was low, compared to when it was high.