• Title/Summary/Keyword: institutional

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The Association of Institutional Information on Websites with Present and Future Financial Performance (웹사이트에 게시된 기업의 소개글 분석을 통한 기업의 현재 및 미래 가치 예측 분석 방법)

  • Na, Hyung Jong;Choi, Sukjae;Kwon, Ohbyung
    • The Journal of Society for e-Business Studies
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    • v.23 no.4
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    • pp.63-85
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    • 2018
  • The "About Us" page on the website of a corporation provides information regarding the organization's vision, philosophy, and values. We examine the association between institutional information provided on corporate websites (i.e., the "About Us" section) with present and future financial performance. Utilizing a text mining technique, we analyze the institutional information of S&P500 firms in the year 2016. We conduct a factor analysis including words that are intentionally repeated in the introductory text of corporate websites. The results of the analysis reveal that keywords from this institutional information can be grouped into six factors. We then carry out an ordinary least squares regression analysis to determine the associations between these six factors and present financial performance. The results show that keywords in Factor 2 (those related to Purchasing experience) are positively associated with ROE, a variable representing present financial performance, while keywords in Factor 1 (those related to Note to customers) show a negative relationship with ROE. On the other hand, keywords in Factor 1 have a positive relationship with Tobin's Q, a variable representing future financial performance. These results indicate that there is some relationship between the words used in the institutional information in this section of corporate websites and firms' financial performance. Hence, the institutional information on a website may be a useful indicator of current firm performance and future firm value.

The Impact of the Increase in Institutional Distance on the Flow of Cross-border VC Investment: In the Context of the Adoption of Euro by European Union (제도적 거리가 해외벤처투자에 미치는 영향: 유로존 출범 시 영국의 사례를 중심으로)

  • Kim, Yujin
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
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    • v.15 no.6
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    • pp.43-54
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    • 2020
  • This paper investigates the causal impact of the increase in institutional distance between two geographic regions on the flow of cross-border Venture Capital (VC) between the regions. While cross-border VCs are believed to have competitive advantages at identifying and managing promising startups in a local market compared to local counterparts, the discrepancy in institutional characteristics between two markets exacerbates the difficulty of credible information exchange and negotiation, significantly increasing transaction cost related to a cross-border venture capital investment. This study conducts a difference-in-difference analysis to examine the relationship between institutional distance and the flow of cross-border VC investment using the fact that the official adoption of the Euro currency by member countries of the European Union except the UK created an institutional chasm between the UK and other EU member countries. The outcomes of the analysis suggests that UK-based VCs significantly decreased the VC investment into EU-based startups and that EU-based VCs reduced the investment into UK-based startups. The results have meaningful implications for understanding the impact of the change in institutional difference on cross-border VC investment, which seems to increasingly take place with the recent trend of de-globalization and the rise of protectionism.

A Survey Study on Researchers' Satisfaction with Institutional Review Board Reviews and Demands for Enhancing Human Research Protection Programs (Institutional Review Board 심의에 대한 연구자 만족도 및 임상연구보호프로그램 개선 요구도에 대한 설문조사 연구)

  • Sinyoung Park;Cho Rong Ahn;Yang Hee Noh;Se Joo Kim;Sun Young Rha
    • The Journal of KAIRB
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    • v.5 no.2
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    • pp.43-50
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    • 2023
  • Purpose: Due to the stringency of regulations related to clinical research, researchers face various requirements in the Institutional Review Board (IRB) review process. Specifically, they encounter time constraints and administrative burdens. In order to cultivate a more favorable review culture and establish a robust research environment, it is necessary to analyze researchers' perceptions of the IRB review. Therefore, this study aims to assess researchers' overall experiences with the IRB and identify researchers' educational needs and demands for research-related policies. Methods: A semistructured questionnaire with 34 items was developed and refined in consultation with advisors from IRB and Human Research Protection Program (HRPP). The questionnaire was distributed via an online survey to researchers with experience in IRB review. The survey covered general characteristics, satisfaction with the IRB review process (rated on a 10-point scale), experiences with IRB review, HRPP policy demands. Results: The study's descriptive statistics revealed a moderate satisfaction level (average rating, 6.75 out of 10) with the IRB review. Researchers from clinical medicine and other disciplines showed similar satisfaction scores of 6.65 and 6.87, respectively. However, respondents with over 5 years of research experience expressed higher satisfaction (mean score, 7.03) compared to those with less experience (mean score, 6.57). Institutional support was emphasized for improving the IRB review process. Certain training topics generated higher demands for addressing frequently raised IRB issues among minor discipline researchers compared to clinical medicine (p=0.017). Conclusion: We conducted an analysis of researchers' perceptions regarding the IRB as well as their demands concerning educational and HRPP policies. It is imperative to address the pinpointed areas for enhancement and integrate a range of perspectives in order to effectively cultivate a robust research ethics culture and ensure comprehensive participant protection.

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Analysis of the Determinants of Research and Development in the Pharmaceutical Industry Using Panel Study Focused Foreign and Institutional Investors (패널자료를 이용한 제약산업의 연구개발투자 결정요인분석: 외국인투자자와 기관투자가를 중심으로)

  • Lee, Mun-Jae;Choi, Man-Kyu
    • The Korean Journal of Health Service Management
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    • v.9 no.3
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    • pp.247-254
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    • 2015
  • Objectives : The aim of this study was to analyze the influence of foreign and institutional investors in the pharmaceutical industry on R&D investments. Methods : The empirical analysis was done for the years 2009 to 2013 which examined the period after the influence of the financial crisis. Financial statements and comments in general and internal transactions were extracted from the TS-2000 of the Korea Listed Company Association. STATA 12.0 was used as the statistical package for the panel analysis. Results : The results show that the shareholding ratio of foreigner investors turned out to have a statistically significant influence on R&D investment. No statistical significance was found in the shareholding ratio of institutional investors. Conclusions : The findings of this study, which indicate that a higher shareholding ratio of foreigner investors leads to greater R&D investment, indicate that foreign investors directly or indirectly impose pressure on a manager to make R&D investments for the long-term.

A Study on Typology of Japanese Institutional Repositories and Features of Groups (일본 기관 레포지토리 유형화 및 군집의 특성 분석)

  • Cho, Jane
    • Journal of the Korean Society for information Management
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    • v.31 no.1
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    • pp.143-161
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    • 2014
  • While dCollections of Korea have been initiated by a government for metadata harvesting, institutional repositories of Japan have been managed as instituion's independent tool for not only collectiong, archiving and distributing their intellecture assets, but also realizing open access. This study analyzes IRDB of Japanese statistically for understanding features of institutional repositories and by clustering the repository on the basis of types of contents, the differences have been brightened. According to analysis result, Japanese repository contains diverse types of contents, such as journal articles;scholarly papers, text books and technical reports. etc. and clustered by five distinguished group with different contents type.

The Factors Influencing the Recognition of the Social Capital of the Korea Coast Guard (해양경찰조직의 사회자본 인식에 영향을 미치는 요인)

  • Jeong, Soon-Do;Choi, Eung-Ryul
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.21 no.1
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    • pp.64-71
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    • 2015
  • This study was carried out empirical analysis of the factors that affect the recognition of the social capital of the Korea Coast Guard. Through the literature review, leadership types and institutional environments were set as independent variables, and components of social capital were set as trust, participation and network. The result showed that higher institutional environments were effective to building trust and network. And both transformational and transactional leadership were effective to increasing participation. These results supports literature reviews, and this proved necessity of change in the leadership and institutional environment for building the social capital of the Korea Coast Guard effectively.

The Effects of Foreign Direct Investment and Economic Absorptive Capabilities on the Economic Growth of the Lao People's Democratic Republic

  • NANTHARATH, Phouthakannha;KANG, Eungoo
    • The Journal of Asian Finance, Economics and Business
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    • v.6 no.3
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    • pp.151-162
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    • 2019
  • The paper examines the effects of Foreign Direct Investment (FDI) on the economic growth of Lao People's Democratic Republic (Lao PDR) between 1993 and 2015. The investigation is based on the influence of growth and economic absorptive capability determinants such as human capital, trade openness, and institutional quality. The methodological analysis uses a multivariate framework accounting capital stock, labor stock, FDI, human capital, trade openness, and institutional quality in regression of the Vector Autoregressive model. Augmented Dickey-Fuller unit root test, Johansen Cointegration test, and Granger Causality test were applied as parts of the econometric time-series analysis approach. The empirical results demonstrate the positive effects of FDI and trade openness, and the negative effects of human capital and institutional quality on the economic growth of the Lao PDR over the 1993 to 2015 period. The findings confirm that trade openness complemented by a sufficient level of infrastructure, education, quality institutions, and transparency significantly influence economic growth and attract more FDI. Research results lend credence to the need for the Lao PDR's government to focus on improving its economic absorptive capability and economic competitiveness regionally and globally by improving wealth and resource management strategies, as failure to take this course of action could lead to the Dutch Disease effects.

Effects of CEO's Demographic Characteristics on Decoupling (최고 경영자의 인구통계학적 특성이 조직 디커플링 행위에 미치는 영향)

  • Kim, Yong;Choi, Youngjun
    • Knowledge Management Research
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    • v.21 no.1
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    • pp.79-98
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    • 2020
  • The majority of research on institutional theory suggests that the new institutional practices presented by national governments and expert groups is a legitimate demand by society, and that the organization is a passive actor that accepts it. However, individual organizations often perform so-called decoupling acts that run their organizations in their own way instead of following the way the system requires, despite the pressures of a strong institutional environment. In this study, the decoupling behavior of these organizations can be varied by the characteristics of the highest decision maker in the organization based on the upper-echelon theory(UET) even if there is no difference in pressure experienced by individual organizations, and their relationship is empirically analyzed among secondary educational institutions that are relatively strongly regulated by the government. According to the analysis of 192 high schools in Korea, the female principal, the younger the principal, and the higher the educational background, the more likely they are to engage in decoupling behavior that are different from the intent and content of government policies. Therefore, from the results of this study, meaningful theoretical and practical implications can be provided for researchers and managers in the field of knowledge management research.

A Study of Activation on the Academic Institutional Repository Using Additional Service Pages (부가 서비스 페이지를 이용한 학술 기관 레포지터리 활성화 방안 연구)

  • Chung, Yeon-Kyoung;Kim, Sun-Mi
    • Journal of the Korean Society for information Management
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    • v.24 no.1 s.63
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    • pp.147-164
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    • 2007
  • This study proposes additional service pages for users, researchers, institutions to activate academic institutional repository which captures, disseminates, and manages various academic resources, i.e. theses, dissertations, journal articles, research reports, and so on. The research methods include literature study, case study, and site analysis on the current homepages of Ewha Womans University faculties & institutions. As a result, components and functions of additional service pages such as researchers' pages are suggested. Additional service pages will be made it possible for researchers to submit their products willingly and for academic institutional repositories to activate their services and improve content recruitment in the end.

A Study on the Development of a University-based Institutional Repository Operational Model for Scholarly Information Distribution (학술정보 유통을 위한 기관 레포지터리 운영모형 개발 연구)

  • Jang, Kum-Yeoun
    • Journal of the Korean Society for information Management
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    • v.30 no.1
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    • pp.93-109
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    • 2013
  • This study extracted quality control factors for invigorating Institutional Repository operations, and re-extracted key quality control factors with significant influence among them. Furthermore, this study developed an operating model reflecting an improvement scheme of these key quality control factors, and estimated how much effective the operating model was to the user. As a result of inspecting satisfaction for IR operating model and the general system, it has been found that librarians' satisfaction for them is higher than that of the general user. Korea's universities prefer a proxy submission mode by librarians to a self-archiving submission mode by writers. Therefore, based on the operation model developed by this study, it is suggested that Institutional Repository operation can be actively invigorated with librarians of these universities as central players.