• Title/Summary/Keyword: effect of the M&A disclosure

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A Study on its Relationship between Self-disclosure and Perceived Self-disclosure in Married Couples (夫婦의 自己露出과 知覺된 配偶者의 自己露出)

  • Park, Jung-Hee;Yoo, Young-Ju
    • Journal of Families and Better Life
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    • v.10 no.1 s.19
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    • pp.157-170
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    • 1992
  • The main purpose of this article was to examine the general tendency of self-disclosure and perceived self-disclosure in married couples, and to study the effect of demographic variables on them. and to find out how dyadic trust affects on self-disclosure in married couples. Considering those purposes, the following research questions have been raised : 1) What is the general tendency of self-disclosure in married couples? 2) What is the general tendency of perceived self-disclosure in married couples? 3) Does perceived self-disclosure affect on self-disclosure in married couples? 4) How do the demographic varibles affect on self-disclosure in married couples? 5) Does dyadic trust affect on self-disclosure in married couples? To solve these questions, a questionnaires which consisted of 8 items for demographic variables, of which 8 questions are for dyadic trust, and 36 questions for self-disclosure in married couples was made. This reserch 몽 been conducted from April 4, 1990 to April 15, 1990. which surveyed 560 married men and women who are living in Seoul. Only answers from 432 married men and women were analysed out of them. The analytic methods adopted in this study were the frequency, the perentage, t-test, oneway ANOVA, DUNCAN -tst, and pearson's r. Especially SPSS/${pc}^+$ program was used in order to promate the feasibility in statistical analysis. The major findings of the study are as follows : 1) Self-disclosure in married couples in generally higher than expected(M=40.4) : wife's self-disclosure(M41.5) is higher than husband's self-disclosure(M=39.4) 2) Between self-disclosure and perceived self-disclosure in married couples correlated considerably high(husband r=0.67, wife r=.75) 3) Self-disclosure in married couples are affected by the variables such as age, length of marriage, everage family income a month. 4) Self-disclosure in married couples correlated relatively low with dyadic trust(husband r=0.21, wife r=.31)

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A Study on the Performance of the M&A Firm in KOSDAQ (코스닥시장 M&A기업의 성과에 관한 연구)

  • Kim, Kyung-Sik
    • Journal of the Korea Society of Computer and Information
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    • v.12 no.1 s.45
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    • pp.219-229
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    • 2007
  • The results of the research in M&A firms in the KOSDAQ market are as follows. First, the effect of the M&A disclosure at the time of disclosure was that the positive (+) cumulative abnormal return (CAR) can be interpreted as an increase in the value of the firm; however, in the long run, firms which used the KOSDAQ index and the control firm, which did not use the index were found to have conflicting results. Second, the findings show that the rise in value of general firms resulting from a M&A were higher that those of venture firms. Third, in testing the performance extrapolation hypothesis, it was shown that the performance of "value" firms (firms with a high B/M ratio but poor performance in the past) was better after a M&A than those of the "glamour" firms and that the performance extrapolation hypothesis was substantiated. Fourth, it can be construed that a size effect in a merger exists. The CAR of the small firms surpasses those of large firms. Fifth, in verifying operating performance, most variables showed a positive (+) value at the time of M&A but showed a negative (-) value after a M&A. These results show that because on the Korean KOSDAQ market, M&A are approached from a financial rather than an economic aspect, it can be inferred that it lowers the firms value.

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How Do Green Investment, Corporate Social Responsibility Disclosure, and Social Collaborative Initiatives Drive Firm's Distribution Performance?

  • PAMBUDI, Widiatmaka. F;DIAN, Wahdiana;Suherman, Suherman;LEONARDUS, Samodro Bintang A.M;Sukrisno, Sukrisno
    • Journal of Distribution Science
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    • v.20 no.4
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    • pp.51-63
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    • 2022
  • Purposes: The purpose of this study is to develop and test a possible model that investigates the relationships between green investment, CSR disclosure, social collaboration initiatives, and firm distribution performance to deal with environmental change because it's become the major stakeholder since it affects increasingly global company performance index. Research methodology: In this study a quantitative method was adopted. The 220 respondents were owners and managers of manufacturing enterprises from Indonesia. The structural equation model (SEM) was used to test the hypotheses, and the Partial Least Square (SmartPLS) was used as the data analysis tool. Findings: The study's finding shows that green investment has a significant effect on CSR disclosure, and CSR disclosure has a positive relationship with social collaborative initiatives and the firm's distribution performance. Similarly, social collaborative initiatives also significantly impact a firm's distribution performance. Limitations: This study uses variables that are still abstract and have not been able to regress the dimensions contained there into conclusion variables for each antecedent variable. In addition, this study only used a sample with a small scope, namely Central Java Province, Indonesia. Contribution: The findings of this study contribute to the body of literature in the field of organizational management and support the agency and stakeholder theories. For the practical contribution, this study provides the way to build and implement green-based investment strategies as a competitive edge and improve firm's distribution performance.

The Impact of M&A of Small and Medium-Sized Companies on Merger Disclosure Effect and Long-Term Operating Performance (중소기업의 M&A가 합병 공시효과와 장기 영업성과에 미치는 영향)

  • Kim, Byoung_jin;Jung, Jin-young
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.12 no.6
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    • pp.49-63
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    • 2017
  • The purpose of this study is to analyze the effects of the collective characteristics of SMEs on M&A activity on the disclosure effect of mergers and long-term business performance after mergers. From 2000 to 2012, we examine 717 cases of small and medium-sized enterprises (SMEs) using multiple regression analysis and difference analysis. The results of this study are as follows. First, it is confirmed that the effect on the merger announcement effect is the same as the previous study on the Korean capital market listed companies except for the effect of diversification, listing effect, and cross-border effect. In addition, we have found that firms with higher performance in the past have higher excess returns in the disclosure effect of mergers and acquisitions. Second, unlike the previous studies that non-related mergers have a positive effect on long-term operating performance, for the characteristics of SMEs with lower market competitiveness than that of average listed companies, SMEs merging with same industry group companies have a positive effect on long-term operating performance. This study provides a new perspective on the merger and acquisition of SMEs by examining the effects of M&A announcement and long-term performance.

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What is the Duty to Disclose a Material Circumstances by the Assured, M.I.A., 1906 (영국 해상보험법상 피보험자의 고지의무에 관하여)

  • 박용섭
    • Journal of the Korean Institute of Navigation
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    • v.7 no.1
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    • pp.83-103
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    • 1983
  • The duty of disclosure it is a preliminary requirement to effect marine insurance contract between the assured and the underwriter. The contract of Marine Insurance is called a uberrimae fidei contract, the assured, therefore, in the law of marine insurance, shall communicate a material circumstances to the latter before the policy to be effected. As growing the maritime industries in Korea, there is forming a larger marine insurance market, accordingly, and having a wide relation with the practice of the marine insurance in England. It means that the most of the legal theories of the marine insurance would be adopted by the English Marine Insurance Case Law and M.I.A., 1906. From the viewpoint of the said this author has tried out to study what is the duty of disclosure of the marine insurance based upon the English Marine Case Law.

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The Effect of Donations Feedback and Donation Awareness to Donation Continuity Intention (기부금 사용 내역 피드백과 기부인식이 기부지속에 미치는 영향)

  • Suh, Munshik;Oh, Daeyang
    • Journal of Digital Convergence
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    • v.16 no.3
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    • pp.129-143
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    • 2018
  • The purpose of this study was to examine the effect of donation expenditure details and the shift in awareness as a result of disclosure of donation expenditure details in order to promote constant donation by nonprofit organizations in the course of marketing activities. The first experiment was configured through $2{\times}2$ intergroup element design based on 2(feedback on donation expenditure details: available vs. unavailable) ${\times}$ 2(donation awareness: expenditure vs. exchange), and furthermore, MANOVA was performed. The results showed that the satisfaction with donation was higher when the donation expenditure details were disclosed(M=5.125, SD=0.437) and that the relation maintenance intention was higher(p<0.01) when the donation expenditure details were disclosed M=5.328, SD=0.459). In addition, the main effect was validated by using the bootstrapping method. The results of overall model validation showed that satisfaction & trust(=0.843, p<0.01) and satisfaction(=0.267, p<0.01) and trust(=0.691, p<0.01) had a positive(+) relationship. Based on aforesaid results, donors are expected to have greater trust if nonprofit organizations make effort to ensure transparent and detailed disclosure of information on expenditure of donations made by donors. Succeeding studies would need to investigate the effect that might vary depending on the type of feedback methods, etc.

The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia

  • JIHADI, M.;VILANTIKA, Elok;HASHEMI, Sayed Momin;ARIFIN, Zainal;BACHTIAR, Yanuar;SHOLICHAH, Fatmawati
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.3
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    • pp.423-431
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    • 2021
  • This study aims to examine the effect of liquidity, activity, leverage, and profitability on firm value, as well as the effect of disclosure of corporate social responsibility (CSR), which in this study is a moderator and company size as a control variable. The sampling technique used in this study is a purposive sampling method with certain criteria, to obtain a sample of 22 LQ45 index companies listed on the Indonesia Stock Exchange in 2014-2019. The data analysis method in this study used was the Multiple Linear Regression Analysis with the SPSS 18 Program. The results show that the ratios of liquidity, activity, leverage, and profitability are significant to firm value in accordance with the initial hypothesis of the study. Corporate Social Responsibility (CSR) plays a role as a moderating variable and company size variable as a control variable on the effect of financial ratios (liquidity, activity, leverage, and profitability) on firm value. The implication of this research is that CSR has a very important role in increasing company value. To attract more investors, companies must pay attention not only to financial performance but also to social performance. Large-scale companies tend to do more CSR so that the company value will increase.

Study on Development of Patient Effective Dose Calculation Program of Nuclear Medicine Examination (핵의학검사의 환자 유효선량 계산 프로그램 제작에 관한 연구)

  • Seon, Jong-Ryul;Gil, Jong-Won
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.18 no.3
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    • pp.657-665
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    • 2017
  • The aim of this study was to develop and distribute a dedicated program that can easily calculate the effective dose of a patient undergoing nuclear medicine examinations, and assist in the study of dose of nuclear medicine examinations and information disclosure. The program produced a database of the effective dose per unit activity administered (mSv/MBq) of the radiopharmaceuticals listed in ICRP 80, 106 Report and the fourth addendum, was designed through Microsoft Visual Basic (In Excel) to take the effect of 5 different (Area, Clark, Solomon(=Fried), Webster, Young) of pediatric dose calculation methods and 7 different body surface area calculation methods. The program calculates the effective dose (mSv) when the age, radionuclide, substance, and amount injected in the human body is inputted. In pediatric cases, when the age is entered, the pediatric method is activated and the pediatric method to be applied can be selected. When the BSA (Body Surface Area) formula is selected in the pediatric calculation method, a selection window for selecting the body surface area calculation method is activated. When the adult dose is input, the infant dose and the effective dose (mSv) are calculated automatically. The patient effective dose calculation program of the nuclear medicine examinations produced in this study is meaningful as a tool for calculating the internal exposure dose of the human body that is most likely to be obtained in nuclear medicine examinations, even though it is not the actual measurement dose. In the future, to increase the utilization of the program, it will be produced as an application that can be used in mobile devices, so that the public can access it easily.