• Title/Summary/Keyword: policy and economics

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Innovation Policy Studies Between Theory and Practice: A Literature Review Based Analysis

  • Radosevic, Slavo
    • STI Policy Review
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    • v.3 no.1
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    • pp.1-45
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    • 2012
  • This paper reviews the emerging literature on innovation policy from a practitioner's perspective, reviews the policy implications of an evolutionary perspective in economics, and identifies newly emerging areas of innovation policy analysis. We show that an innovation system is a dominant policy discourse, that there are limits of policy implications from an evolutionary perspective, and that there is a need for explicitly policy motivated analysis grounded in a broad evolutionary perspective. Innovation policy studies are an area in pre-paradigmatic stages whose dynamism originates from the interaction of theory, policy, and policy learning. The limited usefulness of policy implications derived directly from either conceptual or empirical analysis requires more explicitly policy focused research.

Reciprocal Capital Structure and Liquidity Policy: Implementation of Corporate Governance toward Corporate Performance

  • SUMANI, Sumani;ROZIQ, Ahmad
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.85-93
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    • 2020
  • The research objective examines the effect of corporate governance on capital structure and its effect on liquidity policy and corporate performance. It tests the effect of capital structure and liquidity policy on corporate governance. It also examines the effect of liquidity policy on capital structure and the effect of capital structure on liquidity policy. The study population is all manufacturing companies that went public on the Indonesia Stock Exchange in the period 2010-2019. The research population is 182 manufacturing companies. The Judgment Sampling was used and 109 companies meet the research criteria. The study used panel data for ten years so that the amount of data observed was 1090 observations. The analysis tool uses Warp Partial Least Square (WarpPLS). The results showed that corporate governance had a significant positive effect on capital structure, but corporate governance had a significant adverse effect on liquidity policy, and corporate governance had a significant positive effect on corporate performance. Furthermore, capital structure has a significant negative effect on corporate performance, but liquidity policy has no significant effect on corporate performance. Capital structure and liquidity policy are proven to be reciprocally significant positive correlations for manufacturing companies in Indonesia.

Linkage between Public Policy, Green Technology and Green Products on Environmental Awareness in the Urban Kuala Lumpur, Malaysia

  • Saifullah, Md. Khaled;Kari, Fatimah Binti;Ali, Md. Arphan
    • The Journal of Asian Finance, Economics and Business
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    • v.4 no.2
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    • pp.45-53
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    • 2017
  • The main purpose of this study is to investigate the factors that have an impact on public policy, green products and technology in Kuala Lumpur, given government initiatives to boost the environment awareness. The data used in this study was collected by distribution questionnaires randomly in six areas of Kuala Lumpur and 400 respondents were interviewed. Based on a literature review, three hypotheses were stated and tested using structural equation modeling (SEM). SEM is a statistical analysis method that involved two or more variables in analyzing structural relationships among the variables. The SEM model shows that green products and government policies have a direct influence on environmental awareness. However, green technology does not have a direct influence on environmental awareness. Since, knowledge on green technology does not have a significant impact on raising environmental awareness among the public, a much more pragmatic awareness campaign needs to be put in place to use green technology as a part of modern living. The study suggests that the urban population needs to be more aware of the environmental issue as cities tend to have better infrastructure to raise public awareness on green issues. Moreover, the government should increase the environmental awareness among younger generation through workshops, seminars, campaigns, and pamphlets.

A Contiguity of Social Capital, Competence, and Business Performance Moderating by Government Policy

  • SANTOSA, Made Gde Sudharma;SUPARTHA, Wayan Gde;RIANA, I. Gede;SURYA, I.B. Ketut
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.727-736
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    • 2020
  • The purpose of this study is to investigate the contiguity of social capital and competence on business performance moderating by government policy. A total sample of 225 Village Credit Institution (LPDs) managers in Bali, the hypothesis is examined using the WarpPLS analysis. The findings reveal that social capital has an important role in enhancing performance, Competence is also an important factor for managers because it can intensify performance. Social capital is largely related to the recognition of society regarding the credibility of the managers, while competence emphasizes the ability of the managers to manage the organization. Government policy must be viewed as a regulation that is able to help improve performance. However, the public policies issued by the government are still unable to help improve social capital and competence. Thus, to create public policies that are able to improve the competence and social capital, a further examination into the variables must be conducted. The findings suggest that two-way communication must be developed and synergy between the government and organizations to create opportunities and overcome the increasingly complex business challenges. The results emphasized the importance of social capital in enhancing business performance. In addition, the role of competence is of equal importance to enhance business performance.

Ex-ante Validity Evaluation of Emerging Technology National R&D: Focused on Government Assistance Validity Analysis (신기술 국가연구개발사업의 사전 타당성 평가: 정부지원 타당성 분석을 중심으로)

  • Kim Yun-Myung;Lee Woo-Hyoung;Oh Hae-Young;Yoon Moon-Seob
    • Proceedings of the Korea Technology Innovation Society Conference
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    • 2004.05a
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    • pp.98-112
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    • 2004
  • Nowadays science and technology analyses appeared as standing on the basis of the scope and quantity of literature in the field of rapidly progressed science and technology. And using both of them, it is named 'bibliometric'\;or\;'scientometrics'. These analysis results answer emergence in science and technology and provide researchers, responsible persons, technological information specialists, and planners with useful value. Accordingly, the purpose of this research is to suggest schematized change aspects and new research directions hidden in bibliographical phenomenon of a paper in the science and technology field to science and technology researchers and policy planners. For this, the field this paper researche is the next generation OLED field. The reason to choose this field is due to the importance of the next generation OLED, and wide scope connected by various fields. Besides, to measure application and technological fields by using bibliographical method and technology is as important as in a basic research field.

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A Study of leisure Policy to Improve the Quality of Living (삶의 질 향상을 위한 여가정책)

  • 김외숙
    • Journal of the Korean Home Economics Association
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    • v.34 no.5
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    • pp.159-172
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    • 1996
  • The purpose of this study is to identify the situation and problems of leisure policy in Korea and introduce the leisure policy of other countries-particularly, France, America and Japan. Furthermore, this study will propose several ideas to improve Korean leisure policy. These ideas include the foundation of leisure act, the arrangement of the leisure administrative organization, the foundation of a leisure research institute, increasing leisure time, the extention of leisure space, supplying of leisure programs, supporting to and regulating leisure industries, providing leisure education and information to the public, and training leisure epecialists.

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An Application of Family-Friendly Policy for Use of Female Resource (여성인적자원의 활용을 위한 가족친화적 정책의 적용)

  • 정영금
    • Journal of the Korean Home Economics Association
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    • v.40 no.11
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    • pp.107-118
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    • 2002
  • Many women experience the conflicting demands of work and family life according to the increase of employed women. Their demand for balance of two spheres makes the companies have family friendly policy. Family friendly policy is win-win policy which gives benefits to the employers and the employees by helping the employees to balance of their lives. But this policy has been recognized as the one for women and which only companies have to carry out. This study aims to suggest and extend the applicable field of the family friendly policy, and press that the whole society have to be family friendly. So, this study examined the necessity of family friendly policy in the aspects of company and society. And it showed how the employers, policy makers, general public society and communities support the family by carrying out and applying the policy in USA.

The Impact of China Exchange Rate Policy on its Trading Partners: Evidence Based on the GVAR Model

  • ABBAS, Shah;NGUYEN, Van Chien;YANFU, Zhu;NGUYEN, Huu Tinh
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.8
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    • pp.131-141
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    • 2020
  • This study is designed to investigate the impact of China exchange rate policy on its trading partners by using a country multi-dataset GVAR model. Our model includes samples of 30 countries, six from high-income, six from middle-income and eighteen from low-income countries. This study used annual time series data over the period 1992 to 2017. We constructed currency misalignment index and it provided some interesting features about the currency undervaluation and overvaluation. The results of the currency misalignment shows that China's Renminbi is structurally more undervalued over the sample period as compared to other countries, and fluctuation in major currencies effects the global trade around the world. The overall empirical results of the GVAR model indicate that RMB undervaluation affects the trade pattern and macroeconomic performance of China's trading partners. Overall, China's exchange rate undervaluation has mixed effects on trading partner's GDP, exports and imports. The devaluation of China's RMB efficiently stimulated China's exports and reduced imports. While, in some countries, this effect is reverse, the RMB undervaluation increases the GDP of partner countries and also increases their exports to China. The results confirm the strong and leading role of the Chinese Renminbi in the global trade.

Investigating Foreign Direct Investment Attractive Factors of Korean Direct Investment into Vietnam

  • TA, Van Loi;LE, Quoc Hoi;NGUYEN, Thi Lien Huong;PHAN, Thuy Thao;DO, Anh Duc
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.6
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    • pp.117-125
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    • 2020
  • This paper aims to investigate FDI attractive factors, which are important to formulate policies to attract Korean direct investment into Vietnam. Based on the literature review and the results of interview with 27 Korean investors in Vietnam, we determined the model of variables attracting Korea's FDI into Vietnam. It is used to assess the impact of attractive factors belonging to three groups of variables to support investment decision; they are macroeconomics variables (including market size factor, labor cost factor, and market openness factor), policies variables (including monetary policy factor and tax rate gap factor), and microeconomics variables (geographic advantage factor representative by location). This research also utilized a relatively new quantitative research method based on the Autoregressive Distributed Lag model (ARDL) with the time data chain from 1995 to 2017 of Korean FDI into Vietnam. It analyzes long-term relationships between dependent variables and independent variables. The result of this study indicates that there are three positive factors (low wages, trade openness and government policy) explaining the FDI flows in the long term. The result also shows that incentive tax policy has had a positive impact on Korean FDI, which has satisfied the aim of seeking efficiency of Korean investors.