• Journal of Korea Trade
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• v.24 no.5
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• pp.35-54
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• 2020

Purpose - It seems common sense that corporate social responsibility (CSR) is a key driver of business sustainability. Nevertheless, there has been little research on the performance of socially responsible activities, including economic and environmentally responsibility activities, in internationally diversified firms. Design/methodology - The purpose of this study was to evaluate the effects of CSR activities on management performance. For this evaluation, an empirical analysis was conducted with total of 2,520 cases, selected from companies listed on the Korea Composite Stock Price Index market for six years from 2013 to 2018. As proxies for management performance, financial data such as a total asset net profit ratio and a total asset operating ratio were used. A multivariate regression analysis was conducted to test hypotheses. Findings - The results of this analysis indicated that firms in the CSR outstanding group were ranked significantly higher than other groups in management performance. In addition, CSR activities of internationally diversified firms positively influenced the total asset net profit ratio and total asset operating ratio. Originality/value - The results suggest that the CSR activities of these firms can play a significant role in enhancing management performance in the economic status of Korea, where the degree of export dependency is high.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.251-265
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• 2021

It seems a common sense that corporate social responsibility (CSR) is a key driver to attain business sustainability. Nevertheless, there has been little research on the performance of socially responsible activities, including economic and environmental responsibility activities in internationally diversified firms. The purpose of this study was to evaluate the effects of CSR activities on management performance. For this evaluation, an empirical analysis was conducted with a total of 2,520 cases, selected from companies listed on the Korea Composite Stock Price Index market for six years from 2013 to 2018. As proxies for management performance, financial date such as a total asset net profit ratio and a total asset-operating ratio were used. A multivariate regression analysis was conducted to test hypotheses. The results of this analysis indicated that firms in the CSR outstanding group are significantly higher than other groups in management performances. In addition, CSR activities of internationally diversified firms positively influence their total asset net profit ratio and total asset-operating ratio. The results suggested that CSR activities of these firms can play a significant role in enhancing management performances amid the economic status of Korea, where a degree of export dependency is high.

• Asia-Pacific Journal of Business
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• v.11 no.3
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• pp.185-198
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• 2020

Purpose - The purpose of this study is to examine the effect of performance-related pay on gender labor productivity differences theoretically and empirically. Design/methodology/approach - This study analyzes the Principal-Agent model in which a firm employes many male and female workers under moral hazard, and uses large survey data from Survey of Business Activities of MDIS (MicroData Integrated Service) in Korea. The fixed-effect model is employed in order to analyze the data. Findings - The theoretical result is that, after performance-related pay is offered to workers, the effect of performance-related pay on gender productivity is determined by whether the female ratio within firm affects firm's performance(such as revenue and profit) per capita. The empirical result is that, before performance-related pay is provided for all workers, the firm's female ratio does not affect firm's revenue and profit per capita at all, but after it is offered, the female ratio positively affects firm's performance per capita. Research implications or Originality - Fixed pay does not bring about the difference between male and female productivity, but performance-related pay affects female productivity more positively than male productivity in Korean firms. It means that female workers are more sensitive to incentives than men in Korea.

• Geomechanics and Engineering
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• v.32 no.4
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• pp.411-426
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• 2023

Soft clay is widely distributed in the southeast coastal areas of China. Many large underground structures, such as subway stations and underground pipe corridors, are shallow buried in the soft clay foundation, so the dynamic characteristics of the soft clay must be considered to the seismic design of underground structures. In this paper, the dynamic characteristics of saturated soft clay in Shanghai under the bidirectional excitation for earthquake loading are studied by dynamic triaxial tests, comparing the backbone curve and hysteretic curve of the saturated soft clay under different confining pressures with those under different vibration frequencies. Considering the coupling effects of the confining pressure and the vibration frequency, a fitting model of the maximum dynamic shear modulus was proposed by the multiple linear regression method. The M-D model was used to fit the variations of the dynamic shear modulus ratio with the shear strain. Based on the Chen model and the Park model, the effects of the consolidation confining pressure and the vibration frequency on the damping ratio were studied. The results can provide a reference to the earthquake prevention and disaster reduction in soft clay area.

• Journal of the Korean Geosynthetics Society
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• v.16 no.4
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• pp.57-66
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• 2017

Self-weight consolidation test and soil property of dredged soil at Incheon habour route were analyzed to determine the initial dredging reclamation amount, reclamation depth, and estimating the required time of self-weight consolidation with calculation of the final planned height of dredging reclamation site. The moisture content, void ratio and ratio of volume change with elapsed time after throwing were estimated through Yano's empirical equation. As a result, there was a less variation in elements when fine-grained soil content was low as similarly to the behavior of coefficient of sedimentation-consolidation, Cs and the highest variation was shown at the fine-grained soil content of 50%. The retention ratio according to the fine grained soil content that could reinforce the comprehensive aspect of retention ratio for each particle size presented in the standard of estimate for reclamation construction work was calculated and presented using the calculated ratio of volume change.

• Korean Journal of Agricultural Science
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• v.14 no.2
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• pp.384-395
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• 1987

This paper aims to identify the class characteristics of tenants. To this end Patnaik's model is selected, because this model is most reasonable for sorting class structures of tenants. In his Model, "labor-exploitation criterion" is the main criterion for identifying class status. According to this criterion, there are five rural classes i.e. landlord, rich peasant, middle peasant, poor peasant, and full-time laborer. "Net labor ratio" is used for this purpose as empirical data handling. Net labor ratio is a ratio of net labor hired in to family labor, if hired in labor is more then this ratio is positive, and if hired out labor is more then the ratio is negative. Hired in and hired out labor includes not only direct labor but indirect labor such as labor employment or sales through rent. The results of this study are summarized as First, almost all tenants and owner cultivators are of the middle peasant class. Second, there are no rich peasant among the tenants, but 5% of owner cultivators are rich peasants, and 10% of tenants are poor peasants, owner cultivators are 1%. Third, the net: labor ratio of tenants is -0.211, and that of owners is 0.143. There are differences between tenants and owner cultivators even if land is much the same, and owner cultivators net labor ratio is positive except in the land size of 0.3-0.5ha, but that of the tenants' is negative. Fourth, proto-labor poor peasants earned 25% of income from labor, compared with under 10% of proto-tenant poor passant's. Rent to income ratio is almost 60% of proto-tenant, 27% of proto-labor among poor peasants.

• Journal of the Korea Fashion and Costume Design Association
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• v.23 no.4
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• pp.57-71
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• 2021

The purpose of the study is to derive an appropriate knitting method that can increase the appearance, wearability, and functionality through empirical research on the sleeve height knitting ratio of seamless knit wear. The study was conducted by producing seven types of experiment clothes according to knitting ratio to examine the characteristics according to the body armhole and sleeve height ratio. Specifically, after fit evaluatins, variance analysis (ANOVA) was performed to analyze the results of the evaluation, and the evaluated contents were converted into data. Among them, the items with significant results were intensively studied using the Duncan-test. The result showed that the height and the width of the sleeves vary depending on the knitting ratio. Test sweater A was the highest at 16cm, followed by test sweater B, test sweater C, test sweater D, test sweater E, test sweater F, and test sweater G at 4cm. The 1:1 ratio of test sweater A, was the highest, which is knitted in the same course as the body. The larger the difference in the ratio of body and sleeve, the lower the height of the sleeves. As a result of the appearance sensory evaluation, a significant difference was confirmed in the result values (p<0.001) from all items on the front, side, and rear. Specifically, the appearance of the test sweater B(2:4:2) on the front and test sweater C(2:4:3) on the side and rear side was the best. When the sleeves height is properly set, the ratio of the arm line to fit the design with a natural curve is analyzed as a very important factor. The results of this study are expected to be of practical use in product development and production that can increase the feeling when wearing and design satisfaction.

• Asia-Pacific Journal of Business
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• v.11 no.4
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• pp.225-241
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• 2020

Purpose - The purpose of this study was to examine the effect of the ratio of outside directors, especially the ratio of outside directors according to their tenure, on firm value. Design/methodology/approach - This study collected total 3,861 firm-year data about companies listed KRX KOSPI market in Korea. The Pooled Ordinary Least Square Model and Panel Fixed Effects Model were hired in order to analyze the data. Findings - First, it was found that the ratio of outside directors for total sample had no significant effect on firm value, and the estimation coefficient of dummy variable for the average tenure less than 3 years had a significant positive(+) effect on firm value. Second, the ratio of outside directors corresponding to the tenure of less than 3 years had a significant positive(+) effect on the firm value. On the contrary, the ratio of outside directors corresponding to the tenure of 3 years or more had a significant negative(-) effect on firm value. Third, the ratio of outside directors corresponding to the tenure for more than 6 years did not show any significant influence on firm value. Research implications or Originality - First, if other matters are not additionally considered, keeping the tenure of outside directors shortly on average could help to increase firm value. Second, in the case of firms facing the decision to reappoint outside directors for the first time, it is highly likely that the firm value would decrease on average, so careful decisionmaking considering various aspects is required. However, this study does not take into account the legal standards for the appointment of outside directors, diversity of outside directors, and the actual independence of outside directors according to other criteria in the analysis. Therefore, if these factors are considered, there is a possibility that the empirical analysis results of this study may show different patterns.

• Transactions of the Korean Society of Mechanical Engineers
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• v.5 no.3
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• pp.238-243
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• 1981

An empirical formula for the mass flow rate in natural convection flume above a spherical heated body which is submerged in a finite fluid contained in a tank was determined. The ratio of depth of submergence to diameter of the sphere for which the sphere sensed as infinite medium was found to be bigger than 7. A dimensionless heat transfer correlation for the natural convection from a sphere was determined for Gr.Prq etween 7x10$\^$7/ and 2x10$\^$8/ also.

• Communications for Statistical Applications and Methods
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• v.21 no.5
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• pp.363-386
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• 2014

This paper has improved several ratio type estimators of the population median including their generalization in the presence of three known quartiles of an auxiliary variable. The properties of the improved estimators are discussed and applied. Both the empirical and simulation studies confirm that our new estimators perform efficiently.