• Title/Summary/Keyword: financial measure

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A Study on Work Measurement for Libraries (도서관(圖書館)의 작업량측정(作業量測定)에 관한 연구(硏究))

  • Park, In-Ung
    • Journal of the Korean BIBLIA Society for library and Information Science
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    • v.4 no.1
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    • pp.49-83
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    • 1980
  • Rapid expansion has taken place in development of cooperative arrangements among libraries, in computerization, mechanization, and centralization of library services; in sizes of collections; and in the variety of services offered by libraries. These increasing complexities of library organizational arrangements and expansions in activities and services make it all the more important for libraries to define their objectives clearly and to have methods for measuring the level of attainment of these objectives. Libraries, as all other institutions and organizations, are faced with the economic problem of allocating their limited resources in such a manner as to generate maximum benefits and calculating the costs of a library. Furthermore, they should be able to measure their performance or degree of achievement of objectives. In order to it, it is essential to set a standard and review the time and motion study. This study is an attempt to build a general standard applicable to Korean university libraries to provide a persuasive basis to university library administrators in their work management: The usefulness of this study are given below. (1) It helps to balance available resources with estimated workload. (2) It helps in managing a library more efficiency and more economically (3) It helps in objective evaluation of individual employee performance and in evaluation of the organization as a whole. (4) It helps the librarian plan for financial and personnel needs on the basis of sound production figures.

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A Study on the Regeneration of Built-Up Areas as the Means of Urban Growth Management -Focused on the Remodeling of Multi-dwelling Residential Estates- (도시성장관리 수단으로서 기성시가지 재생에 관한 연구 -공동주택단지 리모델링을 중심으로-)

  • 임준홍
    • Journal of the Korean housing association
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    • v.15 no.1
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    • pp.113-120
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    • 2004
  • This study focuses on the regeneration of multi-dwelling residential estates located already in built-up areas. This study focuses on policy measures and surveys of remodeling and analyses the likelihood of remodeling and prospect of it. These major findings were diseased: First, people have changed their propensity about renewing their residences from reconstruction to remodeling. This would account for the likelihood of remodeling and its popularity. Second, unlike the stronger demand for remodeling, over half of people respond express that they are reluctant to pay the costs involved in renewing the public spaces of their apartment complexes. This argues that it would be necessary to review policy measures in other countries. Reducing financial burdens of those who are willing to remodel their residents and to trigger their participations. In addition, the costs should be saved from the outset of constructing new buildings. With the suggestions drawn in this study, the remodeling should be regarded as a considerable measure to renew the residential areas, especially where the area is already built-up and the development density is severely limited.

IT Investment Evaluation Using the Indices Generated from the Balanced Scorecard Strategy Map : A Method and Case (BSC 전략맵 지표를 이용한 정보기술 투자평가 : 방법론과 사례연구)

  • Choi, Doug W.;Lee, Dong-wook;Lee, Dong-Cheol
    • Journal of Korean Institute of Industrial Engineers
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    • v.31 no.2
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    • pp.143-151
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    • 2005
  • Information technology(IT) investment evaluation requires measurements from many perspectives. Except for the case of financial performance, these measurements mostly belong to the qualitative or intangible domain. The problem with IT investment evaluation lies in the fact that it is very difficult to define the qualitative properties against which to measure the performances. This paper addresses the issue of developing the set of performance indices, and defining the structural relationships between them, such that the IT investment evaluation can be done in a systematic, objective and comprehensive manner. We introduce the balanced scorecard strategy map as the backbone reference frame for the generation of performance indices and for the description of the relationships between them. Sample indices for evaluating projects from strategic perspectives are provided with a case example. A step by step follow through of the index generation process has been presented along with the case.

A Study on the Difference of SME's CSR Effects Using the Multi-Group Analysis (다집단 분석을 통한 중소기업의 CSR 효과 차이 연구)

  • Nam, Sang-Wook;Yang, Jin-Whan
    • Journal of Convergence for Information Technology
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    • v.7 no.6
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    • pp.253-258
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    • 2017
  • The purpose of this study is to measure the difference of corporate social responsibility(hereinafter referred to as "CSR") effects on SME's depending on the level of business risk perception. For this aim, we divided the analysis target SEM's into two groups according to the level of business risk perception and examine whether there is any difference in CSR effects through t-test and the test of the structural model invariance across the groups. As a results, the difference of CSR activities between the two groups occurred in the communication and strategy. In terms of CSR effects, there was a gap in the financial performance.

A Comparative Study of Perceptions and Intention to Report on Elder Abuse between Nurses and Elderlies (노인학대에 대한 인식과 신고의향: 간호사와 노인의 비교연구)

  • Ko, Chung-Mee
    • Journal of Korean Public Health Nursing
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    • v.24 no.2
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    • pp.270-284
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    • 2010
  • Purpose: This study examined differences in perceptions and intention to report on elder abuse between nurses and elderlies. Methods: A cross-sectional survey design was used. The participants were 301 nurses and 326 elderlies (>60 years) living in Seoul. Data were collected by convenience sampling. The research instrument utilized in this study to measure perceptions and intention to report were 11 of 12 scenarios adapted by Yoo & Kim from Moon and Williams(1993). Data were analyzed with descriptive statistics, t-test, Chi-Square and Pearson's correlation. Results: The mean score of perceptions on elder abuse was 3.11 for nurses and 2.98 for elderlies. The most severely perceived type of abuse was sexual abuse, followed by physical abuse, neglect, financial abuse, and emotional abuse. Statistically significant group differences were evident in perceptions of elder abuse in six of the scenarios and in all scenarios for intention to report. Conclusions: Differences in perceptions and intention to report on elder abuse between nurses and elderlies should be considered in developing effective measures in prevention and intervention of elder abuse.

Economic analysis of biomass torrefaction plants integrated with corn ethanol plants and coal-fired power plants

  • Tiffany, Douglas G.;Lee, Won Fy;Morey, Vance;Kaliyan, Nalladurai
    • Advances in Energy Research
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    • v.1 no.2
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    • pp.127-146
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    • 2013
  • Torrefaction technologies convert assorted biomass feedstocks into energy-concentrated, carbon neutral fuel that is economically transported and easily ground for blending with fossil coals at numerous power plants around the world without needs to retrofit. Utilization of torrefied biomass in conventional electric generating units may be an increasingly attractive alternative for electricity generation as aging power plants in the world need to be upgraded or improved. This paper examines the economic feasibility of torrefaction in different scenarios by modeling torrefaction plants producing 136,078 t/year (150,000 ton/year) biocoal from wood and corn stover. The utilization of biocoal blends in existing coal-fired power plants is modeled to determine the demand for this fuel in the context of emerging policies regulating emissions from coal in the U.S. setting. Opportunities to co-locate torrefaction facilities adjacent to corn ethanol plants and coal-fired power plants are explored as means to improve economics for collaborating businesses. Life cycle analysis was conducted in parallel to this economic study and was used to determine environmental impacts of converting biomass to biocoal for blending in coal-fired power plants as well as the use of substantial flows of off-gasses produced in the torrefaction process. Sensitivity analysis of the financial rates of return of the different businesses has been performed to measure impacts of different factors, whether input prices, output prices, or policy measures that render costs or rewards for the businesses.

Corporate Social Responsibility and Information Asymmetry in the Korean Market: Implications of Chaebol Affiliates

  • Yoon, Bohyun;Lee, Jeong-Hwan
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.1
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    • pp.21-31
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    • 2019
  • This paper examines how corporate social responsibility is related to the degree of asymmetric information in the Korean financial market. Recent theory argues that there is a negative relationship between a firm's corporate social responsibility and its information asymmetry. To test this hypothesis, we use the environment, social and governance (ESG) score, published by the Korean Corporate Governance Service, to proxy a firm's management practices toward socially responsible activities. In the entire sample of the Korean firms, we find contrasting results; the ESG score shows negative relationships with the price impact measure but statistically insignificant relationships with the dispersion of analyst forecasts. However, the ESG score shows negative relationships with both measures when we exclude chaebol affiliates from the sample. These findings are robust when we examine environmental, social and corporate governance scores separately. This set of results argues for the extant theory, expecting a negative relationship between a firm's engagement in corporate social responsibility and asymmetric information. It further argues for the importance of firm characteristics in determining the influence of socially responsible activities.

Estimating the Impact of Automation and Globalization on Manufacturing Employment using Regional Labor Market Analysis (지역별 제조업 고용변화에 대한 자동화와 세계화의 영향)

  • Cho, Sungchul
    • Journal of the Economic Geographical Society of Korea
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    • v.22 no.3
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    • pp.274-290
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    • 2019
  • This article links the change in regional manufacturing employment in Korea after the financial crisis to the geography of technological and trade shocks. We conceptualize the trade shock as the rapid growth in Korean imports from and exports to China and ASEAN countries. We then measure the exposure to technological shocks as the degree to which regions are specialized in routine tasks, which are susceptible to automation technologies. Results show that local labor markets specialized in routine tasks experience significant falls in manufacturing employment. Regions whose industrial structure exposes them to rising import competition experience sharp drop in manufacturing employment. We also found that export plays a major role in explaining the growth of regional manufacturing employment.

Real Earnings Management and Persistence of Firm Value: Evidence from India

  • POTHARLA, Srikanth;BHATTACHARJEE, Kaushik;SAMONTARAY, Durga Prasad
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.12
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    • pp.323-336
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    • 2021
  • The present study aims to examine the impact of real earnings management on the future value of the firm and its persistence. The study also tests suspect firm effects on the relationship between real earnings management and the future value of the firm. The sample of the present study consists of all listed non-financial firms from the year 2011 to 2018. Real earnings management has been measured in three alternative ways viz., abnormal operating cash flows, abnormal discretionary spending, and abnormal production cost. Tobin's Q is used as a measure of firm value. The interaction term of real earnings management and Tobin's Q is used to test firm value persistence. The results of the analysis disclose that out of three measures of real earnings management, abnormal reduction in discretionary spending only has a significant negative impact on the persistence of firm value. Moreover, the suspect firm analysis reveals that when the underlying motive of real earnings management is to meet zero earnings, both abnormal increases in operating cash flows and abnormal reduction in discretionary spending have a significant negative impact on firm value persistence.

Triggering of Herding Instincts due to COVID-19 Pandemic in Pakistan Stock Exchange

  • JABEEN, Shaista;RIZAVI, Sayyid Salman;NASIR, Adeel
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.10
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    • pp.207-218
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    • 2021
  • The present research intends to examine the herding aspect during the COVID-19 outbreak. The study is conducted to achieve specific objectives, so the underlying sampling technique is purposive sampling. The considered data source is the Pakistan Stock Exchange (PSX). Daily stock prices of 528 listed companies in PSX have been taken from the official website of PSX from 1998 to 2021. The current study envisions investigating the herding aspects for pre-pandemic and the time covering the pandemic period. The study has also targeted ten sectors of PSX. The present study's motive is to investigate investors' herding prospects before and during the pandemic in the Pakistan Stock Exchange (PSX) and its selected sectors. Daily closing stock prices of listed companies have been collected from the official website of PSX to calculate the stock returns. The Cross-Sectional Absolute Deviation (CSAD) has been used as a herding measure. Findings revealed that herding has not been observed in PSX during both time spans and even not during the bullish and bearish trends. However, robust sectoral evidence has been observed during the pandemic. It implies that investors in PSX tend to follow the crowd irrespective of making their own decisions to avoid further losses.