• 제목/요약/키워드: firm-specific characteristics

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Corporate Governance and Performance of Insurance Companies in the Saudi Market

  • OSMAN, Mohamed Abdel Mawla;SAMONTARAY, Durga Prasad
    • The Journal of Asian Finance, Economics and Business
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    • 제9권4호
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    • pp.213-228
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    • 2022
  • This paper investigates the association between key corporate governance characteristics and the performance of general insurance businesses listed on the Saudi stock exchange (TADAWUL). The methodology for the study is based on a pooled data collection for 11 Saudi general insurance companies from 2011 to 20. The linear regression model and the logarithm regression model are suggested to assess the relationship between performance and corporate governance characteristics. The dependent variable is firm performance measured using ROA, ROE, and Tobin's Q. The independent variables are corporate governance variables consisting of a complete set of board and audit committee characteristics. Insurer-specific control variables are introduced. The empirical results reveal that the characteristics of corporate governance influence the performance of insurance companies. In particular, the board size, board's tenure, the proportion of independent directors in the board, audit committee size, audit committee meeting frequency, and proportion of health insurance premiums have a positive impact. However, audit committee independence, size of the company, and proportion of reinsurance premiums have a negative impact on the performance of the Saudi general insurance companies. Finally, the empirical results indicated also that there is an unclear relationship between the performance and board meeting frequency, compensations of the Board, and the average age of the Board.

중국 기술혁신관리(TIM) 분야의 학술지 속성 결정요인 - 기술경제(技術經濟)지 분석을 중심으로 (Determinants of Journals on the Fields of Technology, Innovation and Management (TIM) in China - An Analysis of Jishu Jingji)

  • 설성수
    • 기술혁신학회지
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    • 제14권4호
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    • pp.813-832
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    • 2011
  • 이 연구는 중국 기술경제학회가 발행하는 '기술경제'지의 분석을 통해 중국의 기술혁신관리 분야 학술지에 관한 세 가설을 검증한 것이다. 첫 가설은 중국의 기술혁신관리 분야 학술지는 이 분야의 속성보다 국가속성이 더 크다는 것인데, 이 가설은 채택되었다. 둘째 가설은 편집진은 학술지를 대표한다는 것이었으나, 이 가설은 기각되었다. 셋째, 편집진 분포는 학술지가 다루는 주제범주를 나타낸다는 가설은 채택되었다. 중국의 이 분야 학술지는 모두 논문길이가 짧고 참고문헌의 갯수가 다른 나라에 비해 작으며 해외 참고문헌을 거의 인용하지 않는 특정이 있다. 또한 거의가 기술-기업-산업을 다룬다는 특징이 있다. 한편 분석대상 '기술경제'지는 다른 중국 학술지와 같은 범주이지만 다루는 기업과 산업의 내용범주가 더 넓고, 편집진은 저자대표라기 보다 상징적인 의미가 더 컸다.

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중소기업의 기술혁신역량과 혁신성과의 관계: 성장단계별 차이 (A Relationship between Innovation Capability and Performance: Differences in Firm Development Stages)

  • 강신형;박상문
    • 벤처창업연구
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    • 제13권2호
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    • pp.91-100
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    • 2018
  • 중소기업들은 기술혁신과 기술혁신역량 확보를 통해 불리한 자원규모나 경쟁여건을 극복하고 경쟁우위를 확보하기 위해 노력한다. 기존 연구들은 총체적인 기술혁신역량이나 특정 기술혁신역량 차원들에 초점을 두고 각 혁신역량과 성과간의 관계를 살펴보고 있다. 반면 성장단계별 기술혁신역량의 상대적 중요성이나 성과 영향의 차이와 같은 동태적 특성에 대한 관심은 미흡했다. 본 연구는 중소기업 기술혁신역량과 성과간의 성장단계별 차이를 실증적으로 살펴보고자 한다. 국내 중소제조기업들에 대한 설문조사 분석결과, 중소기업 기술혁신역량의 모든 세부 차원들은 혁신성과에 정의 유의한 영향을 미치는 것으로 나타났다. 그러나 성장단계별로는 기술혁신역량의 세부 차원별로 혁신성과에 상이한 영향관계를 보여준다. 기획역량은 성장기와 성숙기에서 혁신성과를 향상시키는 것으로 나타났다. 제조역량은 성숙기에서 혁신성과를 향상시키는 것으로 나타났다. 신제품개발역량과 사업화 역량은 모든 성장단계에서 혁신성과를 높이는데 기여하는 것으로 나타났다. 본 연구는 중소기업들의 성장단계에 따라 실무적 기술혁신역량 강화를 위한 가이드라인을 제시한다. 또한 성장단계별 정책적 지원프로그램 설계와 운영을 위한 시사점을 제공한다. 마지막으로 본 연구의 의의와 연구한계 및 향후 연구과제들을 제시했다.

The Effective Factors of Professional Learning : Study on Accounting Firms in Korea

  • Song, Youjung;Chang, Wonsup;Chang, Jihyun
    • The Journal of Asian Finance, Economics and Business
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    • 제5권2호
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    • pp.81-94
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    • 2018
  • The purpose of this study is to substantiate the affecting factors of informal learning outcomes for professions in various dimensions of an individual and organization. In specific, the study analyzed the effects of learning motivation, job characteristics, and a supportive learning environment which have on task-related knowledge acquisition, adapting to organization and understanding contexts, relationship formation, and improving self-development-ability. The participants of the study were 261 professionals working at four major accounting firms in South Korea. Multiple regression models were applied step by step for analysis. In this study, the informal learning of professionals working at four major accounting firms is influenced by various factors of learning motivation, job characteristics, and a supportive learning environment. The detailed analysis results were as follows. Firstly, peer-support showed the most positive effect on task-related knowledge acquisition. Secondly, for adapting to organization and understanding contexts, task autonomy showed the greatest effect. Thirdly, peer-support was found to be the most important factor for relationship formation. Fourthly, for improving self-development ability, learning goal orientation showed to be the most important factor. The various factors facilitated the professional learning by empirical identification. The study presented practical implications for creating an effective informal learning support environment.

What Causes Technology Commercialization to Succeed or Fail after Transfer from Public Research Organizations

  • Kim, Yong-Jeong;Shin, Seowon Joseph
    • Asian Journal of Innovation and Policy
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    • 제6권1호
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    • pp.23-44
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    • 2017
  • This study explores how the technology commercialization process leads to either success or failure after transfer from PROs to SMEs by conducting a binomial logistic regression analysis. We found that the more additional development a firm implements on the transferred technology, the more likely the commercialization is to fail. The higher number of alternative technology and bigger market risk are associated with a greater likelihood of failure. On the other hand, the existence of complementary technology, the degree of cooperation with the technology provider, the size of the target market, the willingness of the CEO, and the funding availability are known to have positive effects on the success of technology commercialization. In addition, the case studies we conducted from the sample companies demonstrated that "market uncertainty," "technological issues depending on the technology-specific characteristics," and "a lack of funding capability" are some of the causes for failure of technology commercialization.

AR 프로세스를 이용한 도산예측모형 (Bankruptcy Prediction Model with AR process)

  • 이군희;지용희
    • 한국경영과학회지
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    • 제26권1호
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    • pp.109-116
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    • 2001
  • The detection of corporate failures is a subject that has been particularly amenable to cross-sectional financial ratio analysis. In most of firms, however, the financial data are available over past years. Because of this, a model utilizing these longitudinal data could provide useful information on the prediction of bankruptcy. To correctly reflect the longitudinal and firm-specific data, the generalized linear model with assuming the first order AR(autoregressive) process is proposed. The method is motivated by the clinical research that several characteristics are measured repeatedly from individual over the time. The model is compared with several other predictive models to evaluate the performance. By using the financial data from manufacturing corporations in the Korea Stock Exchange (KSE) list, we will discuss some experiences learned from the procedure of sampling scheme, variable transformation, imputation, variable selection, and model evaluation. Finally, implications of the model with repeated measurement and future direction of research will be discussed.

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교수의 연구 성과 및 학교 특성과 보수격차 (Research Performance, School Characteristics, and Wage Differentials among College Professors in Korea)

  • 류재우;김미란
    • 노동경제논집
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    • 제35권2호
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    • pp.1-24
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    • 2012
  • 본 연구는 사립대학 교수들이 개인 및 학교 정보를 담고 있는 유니크한 자료를 사용하여 교수 간 임금격차를 분석하였다. 임금 결정요인 분석에서는 교수들의 숙련 중에서 일반적 인적자본의 비중이 높은 것으로 나타났다. 임금분산 분석에서는 학교 간 격차가 학교 내 격차보다 큰 것으로 나타났다. 학교 간 격차는 학교의 질 및 지불 능력의 차이에 의한 것이며, 전자의 효과가 더 큰 것도 확인되었다. 연구 성과나 전공의 차이에 의한 임금격차는 매우 작다. 이는 교수의 보수가 성과나 시장의 수급 상황과 상대적으로 무관하게 설정되고 있음을 보여준다.

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IT산업의 기술혁신 목적 중요도 및 성과에 관한 연구 : IPA 기법을 중심으로 (A Study on Importance and Performance of Technology Innovation in IT Industry using Importance-Performance Analysis)

  • 이성희;이원희
    • Journal of Information Technology Applications and Management
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    • 제24권2호
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    • pp.55-70
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    • 2017
  • A key factor of competitiveness of a firm is technology innovation including product and process innovation. This paper explores the importance and performance of innovation in IT industry across manufacturing and service business. Using importance-performance analysis based on a survey of Korean manufacturing and service firms, we find the characteristics of innovation in IT under the context of industry difference. Out study indicate that Korean IT firms need to recognize the importance of technology innovation and enhance the performance in some areas. In future research, we will expand the boundary of innovation into non-technology innovation as well as service-specific innovation.

기업간 네트워크와 산업집적지의 성장특성 -한국 컴퓨터산업을 사례로- (Spatial Chracteristics of the Inter-firm Networks in the Industrial Clusters in Seoul : Focus on Computer Industry)

  • 김선배
    • 지역연구
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    • 제13권2호
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    • pp.55-74
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    • 1997
  • This paper investigates the spatial characteristics of networks, which arise as a firm's strategy to enhance its competitiveness to cope with the changing economic environments characterized by technological changes and increasing competitiveness. The theoretical framework in this study proposes that networks emerge as a firm's strategies to promote its competitiveness through the vertical/horizontal disintegration of the production system. Futhermore, regional industries of networks. The study examines the types of cooperation and the spatial boundary of the computer industry networks in Korea. Questionnaire survey was conducted on 1, 128 computer companies which had more than 10 employees, with 126 questionnaires being used for analysis. In addition, newpaper articles were used to supplement the foregoing work on network characteristics. The review of these articles covers the period from Jan. 1994 to June 1996. Major findings of this study are as follows: The spatial range of cooperative networks varies according to the specific characters of cooperation(R & D, production, and seles). Intralocal networks are being developed in Kangnam and Youido area, the computer industry agglomeration clusres of Seoul. There are the regional differnces in the agents and contents of cooperation. In intra-national R & D and production networks, regional differnces in agglomeratins and non-agglomerations are not detercted. Most networks of this type are found between large firms and small firms. In contrast, foregn R & D and production networks, which are operated mostly by large firms, are found in Kangnam, Youido, and CBD. Intra-national and foreign productino networks are also focused in Kangnam, Youido, and CBD. Small firms are playing an active role in making this type of cooperation possible. In the perspective of localization-globalization, Korean computer industry can be analyzed in two respects: industrial and regional. The localization of small firms and the localization-globalization of large firms' networks are being developed in industrial contexts, while the localization-globalization of agglomerations and the localization of non-agglomerations networks are being developed in regional contexts. As networks for the localization-globalization of industry are growing in agglomerations, interfirm networks could be related to trends in the formation or intensification of industrial agglomerations. industrial agglomeration areas function as a facilitator of localization through subcontracts, intraregional network and interregional network. They also facilitate globalization via foregn networks. In non-agglomeratin areas, localization networks, which are connected with agglomeration areas via subcontracting, interregional R & D. or production cooperation.

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Selection of the Constitutive Mutant of Bacillus firmus var. alkalophilus and its Characteristics of Cydodextrin Glucanotransferase Production

  • Lee, Yong-Hyun;Kim, Chan;Lee, Yong-Hyun
    • Journal of Microbiology and Biotechnology
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    • 제5권2호
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    • pp.61-67
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    • 1995
  • To investigate the role of induction on CGTase production for alkalophilic Bacillus firm us var. alkalophilus H609, the constitutive mutants that form a halo around its colonies at non-inducible AG agar media containing amylose and glucose were selected. The selected constitutive mutants could produce CGTase in the range of 18.9 to 28.8 units/ml $\cdot A_{600}$ in the alkaline basal medium, and finally a constitutive mutant Bacillus firmus var. alkalophilus CM46 was selected. The constitutive nature of CM46 was also confirmed in protein level using SDS-PAGE. The effects of induction and catabolite repression for both parent strain Bacillus firmus var. alkalophilus H609 and constitutive mutant CM46 were also compared by adding soluble starch and glucose during cultivation. The selected mutant CM46 was a non-inducible but a catabolite regulated type mutant. Even though inductive regulation was released, the specific CGTase activity defined as CGTase activity per cell concentration was not increased compared with that of parent strain. The cell growth and CGTase production patterns of constitutive mutant Bacillus firmus var. alkalophilus CM46 were compared with the parent strain to identify CGTase production characteristics.

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