Pub Date : 2024-02-28DOI: 10.38115/asgba.2024.21.1.1
Min Young Lee
The purpose of this study is to find out whether companies consider CEO ability to choose peer groups in relative performance evaluation. For empirical analysis, this study used US listed companies, and the primary empirical results are as follows. First, the performance of peers is significantly related with CEO compensation scheme when peers are selected by reflecting the similarity of CEO ability between companies within the same industry. Second, the performance of peer companies significantly affects CEO performance evaluation when peers are chosen by taking into account the similarity of the industry, firm size, and CEO ability. These results imply that firms consider similarity of CEO ability in peer group as well as common risk factors of peers to increase the usefulness of relative performance evaluation. This study enhances the understanding of the relative performance evaluation in CEO compensation by finding that CEO ability can be reflected as a selection criterion for peer companies in relative performance evaluation.
本研究的目的是了解公司在进行相对绩效评估时是否会考虑首席执行官选择同行的能力。本研究以美国上市公司为实证分析对象，主要实证结果如下。首先，当同行的选择反映了同行业公司 CEO 能力的相似性时，同行公司的绩效与 CEO 薪酬方案显著相关。其次，在考虑行业相似性、公司规模和首席执行官能力的情况下选择同行时，同行公司的绩效会对首席执行官的绩效评价产生重大影响。这些结果表明，企业应考虑同行中首席执行官能力的相似性以及同行的共同风险因素，以提高相对绩效评价的有用性。本研究发现，CEO 能力可以作为相对绩效评价中同行公司的选择标准，从而加深了人们对 CEO 薪酬中相对绩效评价的理解。
{"title":"Managerial Ability and Peer Selection in Relative Performance Evaluation","authors":"Min Young Lee","doi":"10.38115/asgba.2024.21.1.1","DOIUrl":"https://doi.org/10.38115/asgba.2024.21.1.1","url":null,"abstract":"The purpose of this study is to find out whether companies consider CEO ability to choose peer groups in relative performance evaluation. For empirical analysis, this study used US listed companies, and the primary empirical results are as follows. First, the performance of peers is significantly related with CEO compensation scheme when peers are selected by reflecting the similarity of CEO ability between companies within the same industry. Second, the performance of peer companies significantly affects CEO performance evaluation when peers are chosen by taking into account the similarity of the industry, firm size, and CEO ability. These results imply that firms consider similarity of CEO ability in peer group as well as common risk factors of peers to increase the usefulness of relative performance evaluation. This study enhances the understanding of the relative performance evaluation in CEO compensation by finding that CEO ability can be reflected as a selection criterion for peer companies in relative performance evaluation.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"15 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140419811","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-28DOI: 10.38115/asgba.2024.21.1.86
Xinyang Gao, Wenyan Yin
This study defines market orientation and strategic information sharing as essential aspects of new product development, and aims to understand how the comprehensive activities of these factors affect the flexibility and performance of new product development. In addition, it aims to address the importance of market orientation and information sharing in rapidly developing and launching new products for companies currently operating in the fashion industry. The results derived from are summarized as follows. First, it proved that market orientation had a statistically significant positive effect on the flexibility of new product development. Second, strategic information sharing had a positive effect on the flexibility of new product development. Third, it was confirmed that the mediating role of product modularization in the 'market orientation→product modularization→new product development flexibility' path was not statistically significant. Fourth, the mediating effect of product modularization in the 'strategic information sharing→product modularization→new product development flexibility' path was statistically significant. It recognized the importance of market orientation and information sharing in the rapid development and launch of new products to companies operating in the Chinese fashion industry, and ultimately provided useful implications for improving new product development performance through modularization of product production.
{"title":"The Structural Relationship among Market Orientation, Information Sharing, New Product Development Flexibility, Product Modularization, and Development Performance of Chinese Fast Fashion Companies","authors":"Xinyang Gao, Wenyan Yin","doi":"10.38115/asgba.2024.21.1.86","DOIUrl":"https://doi.org/10.38115/asgba.2024.21.1.86","url":null,"abstract":"This study defines market orientation and strategic information sharing as essential aspects of new product development, and aims to understand how the comprehensive activities of these factors affect the flexibility and performance of new product development. In addition, it aims to address the importance of market orientation and information sharing in rapidly developing and launching new products for companies currently operating in the fashion industry. The results derived from are summarized as follows. First, it proved that market orientation had a statistically significant positive effect on the flexibility of new product development. Second, strategic information sharing had a positive effect on the flexibility of new product development. Third, it was confirmed that the mediating role of product modularization in the 'market orientation→product modularization→new product development flexibility' path was not statistically significant. Fourth, the mediating effect of product modularization in the 'strategic information sharing→product modularization→new product development flexibility' path was statistically significant. It recognized the importance of market orientation and information sharing in the rapid development and launch of new products to companies operating in the Chinese fashion industry, and ultimately provided useful implications for improving new product development performance through modularization of product production.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"90 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140423833","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-28DOI: 10.38115/asgba.2024.21.1.56
Seoung Woo You, Ji Hwan Park
This study aims to elucidate the mediating role of acceptance of organizational change in the process through which the high commitment HRM System influences organizational members' innovative behavior. Additionally, the study seeks to empirically demonstrate the moderating effect of HRM system strength on the relationship between acceptance of organizational change and innovation behavior. Existing studies have predominantly treated employees' perceptions as mediating variables in the impact of high commitment HRM systems on firm performance. However, the role of HRM systems in managing organizational change for employees, focusing on emotional and cognitive processes such as trust and commitment in the organization, has been overlooked. Therefore, based on social exchange theory, goal-setting theory, self-efficacy theory, and role theory, this study proposes and validates a research model. The survey was conducted targeting HR professionals and employees in domestic companies with 50 or more employees. The analysis utilized responses from 40 HR professionals and 274 employees. The research findings confirm the mediating role of acceptance of organizational change in the connection between high commitment HRM systems and employees' innovative behavior. Moreover, it is verified that HRM system strength moderates the relationship between acceptance of organizational change and innovation behavior. The high commitment HRM system exhibited a moderated mediating effect of HRM system strength in the process through which it mediates acceptance of organizational change to influence innovation behavior.
{"title":"The Impact of the High Commitment HRM System on Employees' Innovation Behavior: The Mediating Role of Acceptance of Organizational Change and the Moderating Role of HRM System Strength","authors":"Seoung Woo You, Ji Hwan Park","doi":"10.38115/asgba.2024.21.1.56","DOIUrl":"https://doi.org/10.38115/asgba.2024.21.1.56","url":null,"abstract":"This study aims to elucidate the mediating role of acceptance of organizational change in the process through which the high commitment HRM System influences organizational members' innovative behavior. Additionally, the study seeks to empirically demonstrate the moderating effect of HRM system strength on the relationship between acceptance of organizational change and innovation behavior. Existing studies have predominantly treated employees' perceptions as mediating variables in the impact of high commitment HRM systems on firm performance. However, the role of HRM systems in managing organizational change for employees, focusing on emotional and cognitive processes such as trust and commitment in the organization, has been overlooked. Therefore, based on social exchange theory, goal-setting theory, self-efficacy theory, and role theory, this study proposes and validates a research model. The survey was conducted targeting HR professionals and employees in domestic companies with 50 or more employees. The analysis utilized responses from 40 HR professionals and 274 employees. The research findings confirm the mediating role of acceptance of organizational change in the connection between high commitment HRM systems and employees' innovative behavior. Moreover, it is verified that HRM system strength moderates the relationship between acceptance of organizational change and innovation behavior. The high commitment HRM system exhibited a moderated mediating effect of HRM system strength in the process through which it mediates acceptance of organizational change to influence innovation behavior.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"65 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140419479","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-28DOI: 10.38115/asgba.2024.21.1.23
Jung Woo Jeon, Ji Ho Song, Tae Ho Ahn
With the rapid technological advancements brought about by the Fourth Industrial Revolution, the industrial ecosystem is undergoing changes with new professions emerging and existing ones disappearing at an unprecedented rate. This societal shift is leading to an employment market dominated by professionals with experience, with an increasing number of individuals working in roles unrelated to their major. Additionally, the discrepancy between one's major and the job requirements demanded by industries is leading to a rising number of young job seekers abandoning their job search. In light of this, the purpose of this study is to develop job recommendation models based on job seekers' resumes, evaluate the performance of these models, and propose ways to enhance the applicability of the recommended jobs. To achieve this, two experiments were conducted. The first experiment evaluated the performance of a job recommendation model that applied the Transformer architecture, using a training dataset composed of resumes with 52 features and set hyperparameters. The second experiment evaluated the performance of a deep learning model, which applied fine-tuning techniques on a training dataset constructed from 34 features after removing any feature with more than 30% missing values from the original 52 features used in the first experiment. The increase in the epoch value of the Transformer model has significant implications. This research demonstrates that the optimization of training data and the application of fine-tuning in deep learning model design significantly impact the performance improvement of job recommendation models. Given the rate of increase in epoch values observed in this study, it is expected that applying high-quality resume data to the Transformer model for additional model training in the future will further enhance the performance of career-based job recommendation models for both students preparing for employment based on their major and for experienced job seekers.
{"title":"A Study of Developing a Job Recommendation Model Using Transformer Models","authors":"Jung Woo Jeon, Ji Ho Song, Tae Ho Ahn","doi":"10.38115/asgba.2024.21.1.23","DOIUrl":"https://doi.org/10.38115/asgba.2024.21.1.23","url":null,"abstract":"With the rapid technological advancements brought about by the Fourth Industrial Revolution, the industrial ecosystem is undergoing changes with new professions emerging and existing ones disappearing at an unprecedented rate. This societal shift is leading to an employment market dominated by professionals with experience, with an increasing number of individuals working in roles unrelated to their major. Additionally, the discrepancy between one's major and the job requirements demanded by industries is leading to a rising number of young job seekers abandoning their job search. In light of this, the purpose of this study is to develop job recommendation models based on job seekers' resumes, evaluate the performance of these models, and propose ways to enhance the applicability of the recommended jobs. To achieve this, two experiments were conducted. The first experiment evaluated the performance of a job recommendation model that applied the Transformer architecture, using a training dataset composed of resumes with 52 features and set hyperparameters. The second experiment evaluated the performance of a deep learning model, which applied fine-tuning techniques on a training dataset constructed from 34 features after removing any feature with more than 30% missing values from the original 52 features used in the first experiment. The increase in the epoch value of the Transformer model has significant implications. \u0000This research demonstrates that the optimization of training data and the application of fine-tuning in deep learning model design significantly impact the performance improvement of job recommendation models. Given the rate of increase in epoch values observed in this study, it is expected that applying high-quality resume data to the Transformer model for additional model training in the future will further enhance the performance of career-based job recommendation models for both students preparing for employment based on their major and for experienced job seekers.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"80 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140421229","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-28DOI: 10.38115/asgba.2024.21.1.118
Jae Kwon Bae
Recently, as the metaverse market has grown rapidly, there has been a movement to strategically link metaverse in various fields such as distribution, manufacturing, and finance. The financial sector is actively using the metaverse platform and is conducting executive meetings, opening virtual branches, training new employees, and providing financial education services on the financial metaverse platform. The number of financial companies providing services linked to the metaverse is increasing due to expectations that the financial metaverse platform can improve information delivery of financial products and customer convenience. In particular, because financial consumers can use financial services without visiting a store through metaverse, financial companies are also accelerating the construction of their own metaverse platforms. In this way, the financial metaverse platform goes beyond the limitations of smartphones and is fundamentally changing the work methods, customer needs, and services of the financial industry based on the technical characteristics of online and offline connectivity. The purpose of this study is as follows. From the perspective of financial consumers, literature research and metaverse-related expert interview survey methodology were used to derive the benefits gained by accepting the metaverse platform and the sacrifice factors such as investment losses and security risks that occur to acquire value. As a result of the study, the utility factors gained by accepting the financial metaverse platform include perceived relative advantage, perceived suitability, and perceived usability. Cost factors included perceived privacy risk and perceived complexity. In addition, perceived usefulness, perceived enjoyment, and remote presence were presented as benefit factors of the financial metaverse platform service, and technical complexity, perceived cost, and perceived security risk were presented as sacrifice factors.
{"title":"A Study on Innovation Resistance and Acceptance Intention of Financial Metaverse Platform","authors":"Jae Kwon Bae","doi":"10.38115/asgba.2024.21.1.118","DOIUrl":"https://doi.org/10.38115/asgba.2024.21.1.118","url":null,"abstract":"Recently, as the metaverse market has grown rapidly, there has been a movement to strategically link metaverse in various fields such as distribution, manufacturing, and finance. The financial sector is actively using the metaverse platform and is conducting executive meetings, opening virtual branches, training new employees, and providing financial education services on the financial metaverse platform. The number of financial companies providing services linked to the metaverse is increasing due to expectations that the financial metaverse platform can improve information delivery of financial products and customer convenience. In particular, because financial consumers can use financial services without visiting a store through metaverse, financial companies are also accelerating the construction of their own metaverse platforms. In this way, the financial metaverse platform goes beyond the limitations of smartphones and is fundamentally changing the work methods, customer needs, and services of the financial industry based on the technical characteristics of online and offline connectivity. \u0000The purpose of this study is as follows. From the perspective of financial consumers, literature research and metaverse-related expert interview survey methodology were used to derive the benefits gained by accepting the metaverse platform and the sacrifice factors such as investment losses and security risks that occur to acquire value. As a result of the study, the utility factors gained by accepting the financial metaverse platform include perceived relative advantage, perceived suitability, and perceived usability. Cost factors included perceived privacy risk and perceived complexity. In addition, perceived usefulness, perceived enjoyment, and remote presence were presented as benefit factors of the financial metaverse platform service, and technical complexity, perceived cost, and perceived security risk were presented as sacrifice factors.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"44 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140422864","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.38115/asgba.2023.20.4.96
HyunSuk Joung
This study examines the effect of customers' protection motivation theory, planned behavior theory and green product purchase intention for consumers using green product. To this end, the theory of protective motivation and the theory of planned behavior were explained, and the relationship between them was verified theoretically and empirically. The proposed research model and developed hypotheses were tested using structural equations modeling based on data collected from 218 customers. The results of the study confirm first, Threat appraisal on protection motivation theory derived a positive (+) effect on Attitude. Second, Coping appraisal on protection motivation theory derived effects on Attitude. Last, Attitude, Self-efficacy, Subjective norm on planned behavior theory derived a positive (+) effect on green purchase intention. The study provides On a theoretical level valuable insights into the protection motivation theory and planned behavior theory that are the base for judging the green product purchase intention in research related to Green product , which is increasing in recent years. but there is also a limitation that the is demographic limited.
{"title":"Influencing Factors of Green Purchase Intention: Focusing on the Protection Motivation Theory and Planning Behavior Theory","authors":"HyunSuk Joung","doi":"10.38115/asgba.2023.20.4.96","DOIUrl":"https://doi.org/10.38115/asgba.2023.20.4.96","url":null,"abstract":"This study examines the effect of customers' protection motivation theory, planned behavior theory and green product purchase intention for consumers using green product. To this end, the theory of protective motivation and the theory of planned behavior were explained, and the relationship between them was verified theoretically and empirically. The proposed research model and developed hypotheses were tested using structural equations modeling based on data collected from 218 customers. \u0000The results of the study confirm first, Threat appraisal on protection motivation theory derived a positive (+) effect on Attitude. Second, Coping appraisal on protection motivation theory derived effects on Attitude. Last, Attitude, Self-efficacy, Subjective norm on planned behavior theory derived a positive (+) effect on green purchase intention. \u0000The study provides On a theoretical level valuable insights into the protection motivation theory and planned behavior theory that are the base for judging the green product purchase intention in research related to Green product , which is increasing in recent years. but there is also a limitation that the is demographic limited.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115547916","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.38115/asgba.2023.20.4.1
Byung Jin Yim, Dong Joon Lee
This study is an empirical study on the mutual influence of the bond fund provisions, the stock fund provisions and ESG in South Korea. In this study we used data of since January 7, 2012, the bond fund provisions, the stock fund provisions and ESG in South Korea by May 1, 2023. There are three indicators of the bond fund provisions, the stock fund provisions and ESG in South Korea. We try to analyze the mutual influence and the causality among the bond fund provisions, the stock fund provisions and ESG in South Korea. We wish to analyze the extent of cross-influence ot the bond fund provisions, the stock fund provisions and ESG in South Korea. We employ impulse response function based on VAR model of the bond fund provisions, the stock fund provisions and ESG in South Korea as well as variance decomposition of the bond fund provisions, the stock fund provisions and ESG in South Korea after unit root tests, cointegration test and Granger causality test of the bond fund provisions, the stock fund provisions and ESG in South Korea. An important result of this study are summarized as follows: First of all, raw time series data of the bond fund provisions, the stock fund provisions and ESG in South Korea has unit roots. Secondly, first differential data of the bond fund provisions, the stock fund provisions and ESG in South Korea has no unit roots. Third, there is at least one cointegration among the bond fund provisions, the stock fund provisions and ESG in South Korea. Fourth, the correlation between of the stock fund provisions and ESG index is 0.086, the correlation between of the bond fund provisions and ESG index is 0.486. Finally, ESG index Granger Cause the stock fund provisions.
{"title":"A Study on the Relationship Among Stock fund, Bond Fund and ESG","authors":"Byung Jin Yim, Dong Joon Lee","doi":"10.38115/asgba.2023.20.4.1","DOIUrl":"https://doi.org/10.38115/asgba.2023.20.4.1","url":null,"abstract":"This study is an empirical study on the mutual influence of the bond fund provisions, the stock fund provisions and ESG in South Korea. In this study we used data of since January 7, 2012, the bond fund provisions, the stock fund provisions and ESG in South Korea by May 1, 2023. There are three indicators of the bond fund provisions, the stock fund provisions and ESG in South Korea. We try to analyze the mutual influence and the causality among the bond fund provisions, the stock fund provisions and ESG in South Korea. We wish to analyze the extent of cross-influence ot the bond fund provisions, the stock fund provisions and ESG in South Korea. We employ impulse response function based on VAR model of the bond fund provisions, the stock fund provisions and ESG in South Korea as well as variance decomposition of the bond fund provisions, the stock fund provisions and ESG in South Korea after unit root tests, cointegration test and Granger causality test of the bond fund provisions, the stock fund provisions and ESG in South Korea. \u0000An important result of this study are summarized as follows: First of all, raw time series data of the bond fund provisions, the stock fund provisions and ESG in South Korea has unit roots. Secondly, first differential data of the bond fund provisions, the stock fund provisions and ESG in South Korea has no unit roots. Third, there is at least one cointegration among the bond fund provisions, the stock fund provisions and ESG in South Korea. Fourth, the correlation between of the stock fund provisions and ESG index is 0.086, the correlation between of the bond fund provisions and ESG index is 0.486. Finally, ESG index Granger Cause the stock fund provisions.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127235605","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.38115/asgba.2023.20.4.64
Yoon Jin Kim
Irreversible and global climate crisis stemmed from saturated carbon dioxide is worsening. Fortunately, enterprises can reduce the CO₂by product and process innovation. Prior studies asserted that several firms utilize environmental innovation strategy to obtain both the carbon and financial performances. R&D investments are heavily linked to the environmental innovation, which is also emphasized by IPCC. This study conducted an empirical analysis aiming to find the influence of corporate R&D investments on carbon emissions, and the moderating effect of CEO risk-averse and BOD independence on the linkage between the two. A total of 211 non-financial American firms during the period from 2012 to 2021 were utilized. The results of the analysis are as follows. First, corporate R&D investments successfully reduced carbon emissions through environmental innovation. Second, the negative relation between R&D investments and carbon emissions was strengthened if the CEO risk-averse, measured by the CEO debt-equity ratio, lowers and the BOD independence, measured by the non-executive director ratio, rises. Third, conducting separate empirical analysis during the period of the COVID-19 pandemic, the weakening effect of CEO risk-averse on the relationship between R&D investments and carbon emissions was amplified. The findings of this study supplemented additional evidence insisting on the importance of R&D investments for carbon reduction. Furthermore, the study illuminated the governance mix of CEO compensation and BOD independence for the strengthened relation between R&D investments and carbon reduction. It can be expected that BOD may complement the irrational decision-making of the CEO.
{"title":"R&D investments and corporate carbon emissions: The moderating roles of CEO risk-averse and BOD independence","authors":"Yoon Jin Kim","doi":"10.38115/asgba.2023.20.4.64","DOIUrl":"https://doi.org/10.38115/asgba.2023.20.4.64","url":null,"abstract":"Irreversible and global climate crisis stemmed from saturated carbon dioxide is worsening. Fortunately, enterprises can reduce the CO₂by product and process innovation. Prior studies asserted that several firms utilize environmental innovation strategy to obtain both the carbon and financial performances. R&D investments are heavily linked to the environmental innovation, which is also emphasized by IPCC. This study conducted an empirical analysis aiming to find the influence of corporate R&D investments on carbon emissions, and the moderating effect of CEO risk-averse and BOD independence on the linkage between the two. A total of 211 non-financial American firms during the period from 2012 to 2021 were utilized. The results of the analysis are as follows. First, corporate R&D investments successfully reduced carbon emissions through environmental innovation. Second, the negative relation between R&D investments and carbon emissions was strengthened if the CEO risk-averse, measured by the CEO debt-equity ratio, lowers and the BOD independence, measured by the non-executive director ratio, rises. Third, conducting separate empirical analysis during the period of the COVID-19 pandemic, the weakening effect of CEO risk-averse on the relationship between R&D investments and carbon emissions was amplified. The findings of this study supplemented additional evidence insisting on the importance of R&D investments for carbon reduction. Furthermore, the study illuminated the governance mix of CEO compensation and BOD independence for the strengthened relation between R&D investments and carbon reduction. It can be expected that BOD may complement the irrational decision-making of the CEO.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133862211","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.38115/asgba.2023.20.4.44
Hyang Jin Lee, Dong Hyuk Jo
The purpose of this study was to find out the relationship between online shopping users' ecological belief and eco-friendly consumption behavior, and to verify the process of purchase behavior, use behavior, and disposal behavior. To this end, this study developed research hypotheses and surveys through literature review, conducted a survey of adults in their 20s and older to collect a total of 396 copies of data, and statistically analyzed the collected data to verify the hypothesis. As a result of the study, first, it was found that ecological beliefs had a positive (+) effect on eco-friendly purchase behavior, use behavior, and disposal behavior. Second, eco-friendly purchase behavior was found to have a positive (+) effect on use behavior and disposal behavior. Finally, it was found that eco-friendly use behavior had a positive (+) effect on disposition behavior. Therefore, this study examines the relationship between ecological belief and eco-friendly disposition behavior and attempts to find out what factors affect eco-friendly disposition behavior. It aims to analyze that ecological belief are an important variable in eco-friendly consumption behavior as the number of online shopping users increases, to reveal the process leading to purchase behavior, use behavior, and disposal behavior, and to provide basic data necessary for eco-friendly consumption behavior.
{"title":"A Study on the Effect of Online Shopping Users' Ecological Belief on Eco-friendly Consumption Behavior","authors":"Hyang Jin Lee, Dong Hyuk Jo","doi":"10.38115/asgba.2023.20.4.44","DOIUrl":"https://doi.org/10.38115/asgba.2023.20.4.44","url":null,"abstract":"The purpose of this study was to find out the relationship between online shopping users' ecological belief and eco-friendly consumption behavior, and to verify the process of purchase behavior, use behavior, and disposal behavior. \u0000To this end, this study developed research hypotheses and surveys through literature review, conducted a survey of adults in their 20s and older to collect a total of 396 copies of data, and statistically analyzed the collected data to verify the hypothesis. \u0000As a result of the study, first, it was found that ecological beliefs had a positive (+) effect on eco-friendly purchase behavior, use behavior, and disposal behavior. Second, eco-friendly purchase behavior was found to have a positive (+) effect on use behavior and disposal behavior. Finally, it was found that eco-friendly use behavior had a positive (+) effect on disposition behavior. \u0000Therefore, this study examines the relationship between ecological belief and eco-friendly disposition behavior and attempts to find out what factors affect eco-friendly disposition behavior. It aims to analyze that ecological belief are an important variable in eco-friendly consumption behavior as the number of online shopping users increases, to reveal the process leading to purchase behavior, use behavior, and disposal behavior, and to provide basic data necessary for eco-friendly consumption behavior.","PeriodicalId":393783,"journal":{"name":"The Academic Society of Global Business Administration","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122142353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-08-31DOI: 10.38115/asgba.2023.20.4.120
Seung Hyun Lee
This study analyzes the influence of CPS on cost stickiness. Also it analyzes whether the influences are different by the type of CEO(whether the CEO is a owner manager or a professional manger). For this purpose, it collects samples from Korean companies which were listed in Korean Stock Exchange from 2013 to 2021. From the analysis using total samples, there was no significant relation between CPS and cost stickiness of SG&A. Then, this study divided the sample by owner managers’ companies and professional managers’ companies. From the analysis using owner managers’ companies, it was found that CPS was weakening the cost stickiness of SG&A. On the other hand, from the analysis using professional managers’ companies, it was found that CPS was strengthening the cost stickiness of SG&A. The results of this study suggests that agency cost should be considered prior to CPS on the issue related to cost stickiness, Also, it seems that CPS strengthens the effect of the agency cost to the cost stickiness. Finally, the result of this study suggests that the direction of the impact on the company may vary depending on the type of CEO even if they are in similar level of CPS.
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