• The Journal of Asian Finance, Economics and Business
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• 제8권1호
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• pp.891-899
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• 2021

The United Nations' Millennium Development Goals (MDG) has become a goal to create a sustainable life. The MDGs' target was to be achieved in 2015, but it missed that date. The MDGs' target has turned into a Sustainable Development Goals (SDGs) to be achieved by 2030 The SDGs require financial support from companies. Funds are one of the resources to implement the SDGs. Government and private companies need to cooperate in achieving the SDGs target. The company has a responsibility to implement corporate social responsibility. The company's corporate social responsibility is part of the implementation of sustainable development in the SDGs. One of the essential industries that have responsibility for SDGs is the financial industry. This study aims to examine the determinant of corporate social responsibility funds in financial institutions in ASEAN countries. This study uses panel data to test the determinant variables on CSF provision. This study uses 45 sustainable development reports from 2015-2019. The total number of banks in the sample came from three countries, namely, Indonesia, Malaysia, and Thailand. This study concludes that firm size, profitability, efficiency, and the age of the CEO are variables that influence the size of corporate social responsibility funds.

• International journal of advanced smart convergence
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• 제12권3호
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• pp.157-162
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• 2023

This study analyzed the relationship between ESG performance and corporate value using panel data from Chinese equipment manufacturing companies spanning from 2012 to 2021, and it also examined whether ownership structure moderates this relationship. We have contributed to filling the gap in existing research. The main conclusions of this study are as follows: Firstly, similar to previous researches, ESG performance was found to have a positive and statistically significant impact on corporate value. Secondly, when the three dimensions of ESG - Environmental (E), Social (S), and Governance (G) - were analyzed separately, it was observed that E and S have a positive and statistically significant impact on corporate value, while G has a negative and statistically significant impact. Thirdly, ownership concentration emerged as a significant moderating factor in explaining the connection between ESG performance and corporate value. Lastly, when the three dimensions of ESG were analyzed separately, ownership concentration was found to serve as a positive moderating factor in the relationship between corporate value and E and S, but it did not play a statistically significant role for G.

• 유통과학연구
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• 제16권2호
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• pp.83-88
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• 2018

Purpose - For distribution corporate, the method of recognizing sales revenue may be different depending on the type of distribution transaction. Until the change in accounting standards for revenue recognition was made in 2002, the distribution corporate recognized the full amount of sales of goods regardless of the type of transaction. However, in accordance with accounting standards for revenue recognition, which began to be applied in 2003, distribution corporate differ in sales revenue recognition by transaction type. The Purpose of this study is to analyze the impact of sales revenue on the corporate value after the change of the revenue recognition accounting standards. Research design, data, and methodology - We selected a comprehensive wholesale and retail corporate listed on Korea Exchange. The research model extends the Ohlson(1995) model and regresses whether sales revenue affecting the corporate value is discriminatory value relevance between the corporate affected by changes in accounting standards for revenue recognition and those not. Results - The results of the analysis are as follows. First, The average value of stock price, net asset per share, and earnings per share are all higher than those before the change of accounting standards for revenue recognition. However, the average value of sales per share is lower than that before the change of accounting standards for revenue recognition. Second, the relationship between corporate value and net asset per share, earnings per share and sales per share, the coefficient of net asset per share, earnings per share and sales per share are all statistically significant positive value. Therefore, in explaining corporate value, besides net asset per share and earnings per share, sales per share provides additional information. And the coefficient of interaction variable between accounting standard change and sales per share is a statistically significant positive value. This result indicating that after the change of the revenue recognition accounting standards the usefulness of sales revenue has increased. Conclusions - The change in accounting standards for revenue recognition led to a decrease in distribution corporate sales revenue but the higher the relevance of the corporate value of the sales revenue information. These results shows that the change of accounting standards that reflects the transaction type of retailers was a revision to increase the value relevance of sales revenue in valuation of corporate value.

• The Journal of Asian Finance, Economics and Business
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• 제8권5호
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• pp.697-706
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• 2021

This quantitative study aims to examine the effect of family ownership on company performance empirically. Specifically, this study examines the moderating effect of corporate governance on the relationship between family ownership and company performance which has never been explored in the previous studies. This study's main target population was all listed companies in the Indonesian Capital Market Directory (ICMD) for 2008-2018. The study used criteria, namely data completeness, to measure research variables and obtained 2996 data or firm-year observations. The research contingency model to test the proposed hypothesis was the General Moment Method (GMM). The study presents the results of data descriptions shows the average, median, maximum, minimum, and standard deviation values for each variable. The descriptive data shows that family ownership is common in Indonesia: 64% of 244 companies in the sample. The inferential analysis results using a multiple regression model test show that family ownership significantly reduces company performance. However, corporate governance proxied by the board of directors, managerial risk profile, and independent commissioners significantly moderate the relationship between family ownership and company performance. Besides, the managerial risk profile and independent commissioners strengthened while the board of commissioners' presence weakened the effect of family ownership on performance.

• Journal of the Korean Data and Information Science Society
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• 제14권4호
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• pp.805-815
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• 2003

This study examines two hypothesis regarding return generating process of corporate bonds: the trading day hypothesis and calendar day hypothesis. To differentiate two hypothesis ANOVA(analysis of variance) and regression analysis were used. If the statistical result can not reject calendar day hypothesis, it implies that there is weekend effect. The statistical result didn't support any particular hypothesis for the period of September 7th, 1999 through December 31, 2002. However, corporate bonds were supporting calendar day hypothesis for the period of October 9, 2000 through December 31, 2002. The result indicates that the Korean corporate bond market got through the impact of IMF.

• Asia Marketing Journal
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• 제20권1호
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• pp.1-21
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• 2018

An increasing number of studies have examined the effects of corporate social responsibility (CSR) activities on corporate financial performance (CFP) in the service industry. However, the extant literature does not provide comprehensive insights into the conditions on which the CSR-CFP link relies. In this study, firms' marketing communication capability (MCC) is introduced as an important contingency variable, which determines the effects of CSR on the corporate financial performance, in the context of restaurant businesses. Multiple year data on the spending of public restaurant chains on different media are collected, and MCC is subsequently measured using the data envelope analysis. Then, a test is conducted to prove whether MCC moderates the relationship between CSR and firm financial performance. The empirical results support the hypothesis that MCC strengthens the effect of CSR on CFP. Through the findings, this research provides several interesting and important implications to the literature and managers of service firms.

• 한국산업정보학회논문지
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• 제19권5호
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• pp.91-102
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• 2014

본 논문은 기업의 환경적 책임활동이 기업의 신뢰형성에 미치는 효과를 고찰하였다. 특히, 기존 연구와 다르게 본 연구에서는 기업의 환경적 책임활동 차원을 두 가지 차원(친환경 제품생산 활동 vs. 친환경 캠페인 활동)으로 구분하고, 이 두 가지 환경적 책임활동이 전문성 신뢰, 호의성 신뢰, 정직성 신뢰에 어떠한 차별적 영향을 미치는지를 살펴보고자 하였다. 그리고 이러한 세 가지 신뢰가 기업이미지 형성에 미치는 효과를 고찰하였다. 분석결과, 기업의 친환경 제품생산 활동 노력은 전문성 신뢰에 긍정적인 영향을 미치는 것으로 나타났으며, 기업의 친환경 캠페인 노력은 호의성 신뢰에 긍정적인 영향을 미치는 것으로 나타났다. 그러나 기업의 친환경 제품생산 활동과 친환경 캠페인 활동 노력은 정직성 신뢰에 유의한 영향을 미치지 않는 것으로 나타났다. 끝으로 기업에 대한 전문성 신뢰와 호의성 신뢰, 그리고 정직성 신뢰는 기업이미지 형성에 긍정적인 영향을 미치는 것으로 나타났다. 결과적으로 기업의 환경적 책임활동 노력은 기업이미지 형성에 중요한 영향을 미침을 확인할 수 있었으며, 나아가 신뢰가 이들 두 변수 간의 관계(기업의 환경적 책임활동${\rightarrow}$기업이미지)에서 중요한 매개역할을 한다는 사실을 확인할 수 있었다.

• 사회복지연구
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• 제47권1호
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• pp.205-232
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• 2016

본 연구는 우리나라 기업의 사회공헌과 재무성과의 관계에 대해 종합적으로 파악해 보는 것을 목적으로 한다. 이를 위하여 고정효과방식(fixed effect method)에 기반한 동적패널모형(dynamic panel model)에 의한 분석을 활용하여 기업사회공헌과 재무성과의 쌍방향적 관계와 자기상관관계를 검증해 보았다. 2008년부터 2013년까지 국내 1,000대 기업의 기업사회공헌과 재무성과에 대한 자료를 구축하면서 6년간 결측치를 갖지 않는 430개 기업을 분석에 활용하였다. 분석에 따른 주요결과는 다음과 같다. 첫째, 이전 시점의 재무성과는 다음 시점의 기업사회공헌에 정적인 방향에서 영향을 미친다. 둘째, 이전 시점의 기업사회공헌은 다음 시점의 재무성과에 영향을 미치지 않는다. 셋째, 이전 시점의 기업사회공헌은 다음 시점의 기업사회공헌에 정적인 방향에서 영향을 미친다. 넷째, 이전 시점의 재무성과는 다음 시점의 재무성과에 정적인 영향을 미친다. 본 연구는 기업사회공헌과 재무성과에 대한 분석을 통하여 이 둘 간의 다양한 관계에 대한 기존 논의와 관련해서 실증적으로 관계의 방향성을 확인할 수 있었다. 특히 주목할 것은 기업은 재무성과가 높아 여유자원을 가질수록 사회공헌에의 투여가 높은 경향성을 갖고, 또한 이전 시점의 사회공헌은 다음 시점의 사회공헌에 정적인 영향을 미치는 경향성이 있다는 것이다. 본 연구는 기존 연구의 제한성을 극복하며 국내 1,000대 기업의 사회공헌과 재무성과의 관계를 종단적으로 검증하며 다양한 관계를 보다 체계적으로 검증한다는 점에서 연구의 의의를 갖는다.

• 가정과삶의질연구
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• 제28권2호
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• pp.89-96
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• 2010

This study examines how frequently employers offer family-friendly corporate programs and how frequently employees use the programs. This study also seeks to discover whether the implementation and utilization of family-friendly corporate programs results in an increase in employees' childbirths. Data were collected from 377 married full-time employees working in private sector companies located in Seoul and GyeongGi-Do. Frequency analyses of the employees' responses showed moderate rates of implementation of family-friendly corporate programs and much lower rates of employees' utilization. The hierarchical regression analysis revealed that the implementation of family-friendly corporate programs significantly predicted employees' childbirths. However, this was ineffective, having no significant influence on employees' childbirths, when their utilization of the programs was entered into the model. Higher rates of utilization of family-friendly corporate programs predicted more childbirths after employment. This study suggests that the implementation of family-friendly corporate programs per se is not a complete solution to get employees to have more babies. Rather, what matters is the usability of those programs. Finally, the implications of the study results are discussed.

• 한국정보디스플레이학회:학술대회논문집
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• 한국정보디스플레이학회 2005년도 International Meeting on Information Displayvol.II
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• pp.1361-1363
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• 2005

In this paper, we report on the performance stability of solution processible OTFT devices with Au/Ti and ITO source-drain (S/D) electrodes. It appears that the contact resistance of the S/D electrode strongly affects the stability of OTFT devices. Interestingly, the devices with the Au/Ti electrode showed lower mobility than those with the ITO (S/D) devices. The field effect mobilities of the devices with the Au/Ti and ITO electrodes were 0.06, and $0.44cm^2/Vs$, respectively. However, the mobility of the device with the Au/Ti electrode was increased up to $0.26cm^2/Vs$ after 2 weeks, while the mobility of the device with ITO electrode was slightly decreased down to $0.41cm^2/Vs$. The experimental data show us that ITO could be used as the S/D electrode for low-cost OTFT devices.