• 제목/요약/키워드: multiple directors

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The Relationship Between Corporate Governance and Underpricing: A Case Study in Ho Chi Minh Stock Exchange

  • TRAN, Khang Hoang;NGUYEN, Diep Thi Ngoc;KNAPKOVA, Adriana;ALIU, Florin
    • The Journal of Asian Finance, Economics and Business
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    • 제8권7호
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    • pp.375-381
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    • 2021
  • Underpricing signifies that IPO share prices do not reflect the fundamental value of the listed company. Corporate governance plays an essential role in IPOs where the board of directors, the independent board of directors, and the board of supervisors are significant elements of accurate share pricing. The study investigates the underpricing phenomena and short-term performance of the IPO companies during the listing process in the Ho Chi Minh Stock Exchange (HOSE). The work outcomes illustrate the role of the corporate organizational structure in the period of the IPO process that may attract potential investors. The hypothesis testing is conducted with a multiple regression model including 100 observations from enterprises doing IPO listed on HOSE. The study results generate signals for the investors and regulators that the board of directors holds a strong negative influence on the underpricing process. Secondly, the level of the independent board of directors and stock exchange in itself has no significant impact on the underpricing process. Underpricing is one of the many anomalies of the stock exchanges that provide wrong signals for the market participants. Identifying stock prices that reflect their intrinsic value is an ongoing debate among scholars, investors, and other market participants.

4×2 미앤더라인 배열 구조를 이용한 광대역 8 dBi 이중 다이폴 준-야기 안테나 (Broadband 8 dBi Double Dipole Quasi-Yagi Antenna Using 4×2 Meanderline Array Structure)

  • 여준호;이종익
    • 한국항행학회논문지
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    • 제28권2호
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    • pp.232-237
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    • 2024
  • 본 논문에서는 4×2 미앤더라인 배열 구조를 이용하여 8 dBi 이득을 유지하는 광대역 이중 다이폴 준-야기 안테나에 대하여 연구하였다. 4×2 미앤더라인 배열 구조는 미앤더라인 도체 모양의 단위 셀로 구성되며, 이중 다이폴 준-야기 안테나의 두 번째 다이폴 안테나 위에 배치하였다. 일반적으로 많이 사용하는 여러 개의 스트립 도파기를 사용한 경우와 동일한 크기의 FR4 기판에 설계하였고, 입력 반사 계수와 이득 특성을 비교하였다. 비교 결과, 기존의 다중 스트립 도파기를 사용하였을 때 보다 주파수 대역폭이 6.3% 증가하였고, 이득이 8dBi 이상인 주파수 대역폭은 10.1% 증가하고 평균 이득도 조금 증가하였다. 제작된 안테나의 전압 정재파비 (VSWR; voltage standing wave ratio)가 2 이하인 대역은 1.548-2.846 GHz (59.1%)이고, 1.6-2.8 GHz 대역에서 이득이 8 dBi 이상으로 측정되었다.

보건지소 진료실적에의 관련요인 (Factors Related to the Medical Service Performace of Health Subcenter Directors)

  • 조주현;박재용;차병준
    • 보건행정학회지
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    • 제6권2호
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    • pp.131-148
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    • 1996
  • This study was carried out by using questionnaires with 200 general doctors serving as the director of health subcenter in Kyongsangbuk-do Province as of January 1995. The results are summarized as follows. It was shown that the general characteristics consisted of 53 directors in the lst year(26.5%), 85 in the 2nd year(42.5%) and 62 in the 3rd year(31.0%). The percentage spent on their medical service showed that 73.0% of those directors spent more than 90% on their medical service. Based on their general service attitiude, 0% answered that the director of the health subcenter completes the given duties as the director, and 24.5% did that the director has the sense of responsibility and duty. Multiple answers concerning inconvenience and difficulties of the health subcenter director showed that less monthly salary accounted for 75.5%, no administrative power for 50.0%, insufficient medical instruments for 35.5%, insufficient budget for 30.0%, respect. In conclusion, in order for the health subcenter to meet the function as the primary medical clinic, it is required to arange the plans to inspire the public health doctors' service desire to that they can give the medical service as good as the private primary medical clinics, to convert existing concept of the public health doctors' placement in Myon administrative district into new concept in Gun by breaking from a uniform placement, and to consider an intensive placement according to the relevant projects so that preventive health activities can be planned and carried out.

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보육교사의 소진에 대한 자아탄력성과 시설장, 동료교사와 가족의 사회적 지지 (The Effect of Ego-resilience and Directors, Co-workers and Family's Social Support to Childcare Teachers' Burnout)

  • 이정희;조성연
    • 아동학회지
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    • 제32권1호
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    • pp.157-172
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    • 2011
  • The purpose of this study was to investigate the effect of childcare teachers' ego-resilience and directors, co-workers and family's social support to childcare teachers' burnout. The participants in this study were 326 childcare teachers from Daejeon metropolitan city and Chungnam province. They responded to the 'Maslach Burnout Inventory', 'Ego-resilience Scale', and 'Social Support Scale'. The collected data were analyzed by t-test, one-way ANOVA, Pearson's productive correlation, stepwise multiple regression, Duncan test for post hoc test, Cronbach's ${\alpha}$ for reliability, and factor analysis for validity by SPSS PC program (18.0 version). The results were as follows; first, there were significant differences in childcare teachers' burnout scores in relation to the educational levels of childcare teachers, their working hours, children's number per class, and the ages of the children they teach. Second, there were significant negative correlations (r = -.11~-.62) among childcare teachers' ego-resilience, directors, teaching colleagues and family's social supports, and their levels of burnout. Finally, childcare teachers' ego-resilience and teaching colleagues' levels of social support helped explain about 43% the childcare teachers' burnout total scores and about 17~39% of their sub-scores.

Board Characteristics and Capital Structure: Evidence from Thai Listed Companies

  • THAKOLWIROJ, Chalisa;SITHIPOLVANICHGUL, Juthamon
    • The Journal of Asian Finance, Economics and Business
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    • 제8권2호
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    • pp.861-872
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    • 2021
  • This study examines the relationship between board characteristics and capital structure. Data was collected from the annual reports of listed companies in the Stock Exchange of Thailand, from 2015 to 2017, which totaled 1,264 firm-year observations. The study uses multiple regression analysis to analyses the data by using independent variables, including board size, outside directors, managerial ownership, CEO duality, frequency of board meetings, board experience, and gender to measure board characteristics and the total debt ratio for capital structure. Research findings show that the more independent the directors are, the lower the cost of debt financing is, as they control the management team more strictly about debt financing than directors with less independence do. Additionally, the results reveal that the higher the percentage of managerial ownership, the higher the level of leverage and debt financing, whereas board size and board meetings have a negative relationship to capital structure. Further research showed that firm size, growth opportunities and corporate governance rating all had a positive significant impact on capital structure. The findings of this study suggest that the presence of proper corporate governance leads to better funding mechanisms as it ensures that the company is in a better position to obtain external funding.

기관장의 감성리더십과 조직문화와의 관계 -유아교육기관을 중심으로- (The Relationship between Organization Culture and Emotional Leadership of Director -Young Children's Education Institute-)

  • 유경훈
    • 한국산학기술학회논문지
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    • 제19권10호
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    • pp.377-385
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    • 2018
  • 본 연구는 유아교육기관장인 원장의 감성리더십이 조직문화와 어떤 상관이 있으며 설명력은 어떠한지 알아보며, 감성리더십 수준에 따라 조직문화수준에 차이가 있는지 알아보고자 실시되었다. 서울시와 수도권의 유치원과 어린이집에서 보육교사 164명을 대상으로 원장의 감성리더십과 조직문화에 대한 설문지를 각각 실시하였다. 회수된 자료는 spss 23.0 프로그램을 활용하여 상관관계와 회귀분석과 t-test 분석을 실시하였다. 그 결과를 살펴보면 다음과 같다. 첫째, 기관장의 감성리더십의 자기인식능력, 자기관리능력, 사회적인식 능력, 관계관리 능력 등 모든 하위요인과 조직문화의 모든 하위요인인 인적자원 문화, 개방체계 문화, 위계질서 문화, 생산중심 문화 요인은 밀접한 상관이 있음을 알 수 있었다. 조직문화를 설명하는 기관장 리더십에 대한 회귀분석의 결과는 인적자원 문화와 위계질서 문화는 관계관리 능력 리더십이 의미있는 설명력을 보였으며, 개방체제 문화는 자기인식 능력 리더십, 생산중심 문화는 사회인식 능력 리더십이 의미있게 설명하는 것으로 나타났다. 마지막으로 기관장의 리더십 수준이 높은 집단의 조직문화의 성향점수는 기관장의 감성리더십이 낮은 집단보다 조직문화의 성향점수가 더 의미있게 높은 것을 알 수 있었다. 본 연구결과에 따라 기관장의 리더십은 조직문화와 밀접한 상관이 있으며 의미있는 영향력을 나타낸다는 것을 알 수 있었으며 이에따라 기관장들의 감성리더십에 대한 중요성이 강조되어야하며 리더십 수준을 높일 수 있는 방안이 필요함을 시사한다.

보육교사의 정서적 몰입이 삶의 만족도에 미치는 영향: 사회적 지지의 조절효과 (The Effect of Affective Commitment on Life Satisfaction Among Child Care Teachers: Moderating Role of Social Support)

  • 여종일
    • 한국보육지원학회지
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    • 제19권5호
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    • pp.1-20
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    • 2023
  • Objective: The purpose of the present study was to examine the associations between affective commitment, social support, and life satisfaction among child care teachers. Methods: One hundred fifty-four child care teachers in the metropolitan area of Seoul completed a questionnaire on affective commitment, social support, and life satisfaction. Descriptive statistics, correlation analyses, hierarchical multiple regression analyses using the bootstrapping method were conducted. Results: The results showed that affective commitment predicted increased life satisfaction. The results also revealed significant moderation effects of social support on the relationship between affective commitment and life satisfaction. Further analyses revealed significant moderation effects of support from directors and colleagues on the relationship. Conclusion/Implications: The findings highlight the importance of affective commitment in enhancing life satisfaction among child care teachers. The positive association is more pronounced among child care teachers who perceive social support, highlighting the supportive roles of directors and colleagues in enhancing life satisfaction among child care teachers.

리더십 유형이 구성원의 조직몰입과 직무만족에 미치는 영향 : 종합병원 의무기록실을 대상으로 (Leadership Style of Medical Record Directors at General Hospitals and it's Effect on the Organizational Commitment and Job Satisfaction)

  • 최수연;최재욱;이준영;최수미;유효순;신의철
    • 한국의료질향상학회지
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    • 제10권2호
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    • pp.144-153
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    • 2003
  • 1) Background: The hospitals of modem society, like any other business entities, have to constantly strive to secure their survival from aggressive changes and competition outside. In this unstable environment, effective leadership is one of the most effective strategies for securing organization's growth as well as stability. This study investigated types of leadership (transformational or transactional) that is dominant in medical record departments and compared it's effects on organizational commitment and job satisfaction of their organizational members by types. 2) Method: A questionnaire was developed and mailed to all medical record administrators working at general hospitals throughout the country except department directors (N=450). Of these, 150 useable questionnaires were returned and analyzed by t-test, multiple regression analysis using SPSS. 3) Results: The organizational commitment and job satisfaction were a little bit higher than moderate level, and that of leadership perceived by medical record administrators was also in moderate level throughout types. Significant characteristics (positively) related to organizational commitment and job satisfaction by univariate analysis were marital status (married), position (middle management) and both type of leadership. However transformational leadership was the only significant factor in leadership styles after considering all the factors related to organizational commitment and job satisfaction together by multivariate analysis. 4) Conclusion: The average organizational commitment and job satisfaction of medical record administrators was just in moderate level. Efforts should be made to increase them by improving leadership capacity of medical record directors, primarily by using transformational leadership approach.

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Gender Diversity, Institutional Ownership and Earning Management: Case on Distribution Industry in Indonesia

  • ZUBAIDAH, Siti;IRAWAN, Dwi;SUMARWIJAYA, Sumarwijaya;WIDYASTUTI, Aviani;ARISANTI, Ike
    • 유통과학연구
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    • 제19권11호
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    • pp.17-25
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    • 2021
  • Purpose: This study aims to examine the effect of gender diversity and institutional ownership on earnings management in distribution industry sub-sector companies listed on the Indonesia Stock Exchange in 2017-2018. Research design, data and methodology: This research is case study research, where the population in this study are all distribution sub-sector companies listed on the IDX in 2017-2018. The sample selection technique used was purposive sampling and obtained 74 companies with the 2017-2018 research period. Multiple linear regression analysis was used in this study, using Stata 17. Results: The results of this study indicate that: 1) Gender diversity has a negative effect on earnings management. 2) Institutional ownership has a negative effect on earnings management. Conclusions: This study contributes to the agency theory where gender diversity and institutional ownership can reduce the agency conflict that the shrinkage of earnings management. These results indicate that companies in which there are female directors will reduce earnings management practices, this is due to the attitude of female directors who tend to avoid risk. The results also show that institutional ownership will also lead to reduced levels of earnings management, because institutional investors will increase its oversight of the company.

The Effect of Social Marketing on Customer Behavior: An Empirical Study of Tourism Companies in Baghdad, Iraq

  • AL-KUBAISI, Hiba Ammar;IBRAHIM, Noor Khalil
    • The Journal of Asian Finance, Economics and Business
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    • 제8권8호
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    • pp.191-203
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    • 2021
  • Social marketing seeks to develop and integrate marketing concepts with other approaches to social change and aims to influence behaviors that benefit individuals and societies for the social good. The study investigates the type and level of influence of social marketing on customer behavior in tourism companies in Baghdad (Iraq). The sample size of the study is 135 people comprising directors, assistant directors, and marketing staff in tourism companies in Baghdad. A questionnaire was used as a tool to collect data and information, and was prepared by the researcher after it underwent validity, stability, and arbitration tests. The data was analyzed using the statistical program (SPSS v. 25, AMOS v.23) and statistical methods have been used to process the data represented by the arithmetic mean, standard deviation, coefficient of variation, correlation coefficient (Person), simple and multiple regression equations. The research showed significant results represented by a positive and strong relationship between the research variables. This result indicates that there is an effect on the customer's behavior. Moreover, the results of the study showed positive effects that extend from social marketing to customer behavior in the long term.