The purpose of this study is to analyze the impact of corporate social responsibility (hereafter referred to as CSR) activities of lodging companies, especially Jeju lodging companies, on management performance. Companies such as large companies, listed companies and financial companies are active in CSR, however, lodging companies are relatively less interested in CSR. Research related to CSR is also insufficient for lodging companies compared to other companies. This study analyzed the impact of CSR activities on management performance of lodging companies, which are subject to external audit from 2000 to 2019. The result of analysis shows that CSR activities of lodging companies have a positive impact on management performance. The CSR activities of Jeju lodging companies do not have a relatively positive impact on their management performance. It is meaningful that it studied the CSR activities of Jeju lodging companies, which occupy an important weight in the domestic tourism and lodging industry. It is expected that this research will raise the social interest in the CSR activities of lodging companies and to carry out more active CSR activities.
The purpose of this study is to verify the effect of the average wage per employee on business performance of lodging companies. Human resource is one of the most important core competencies of the companies, and human resource management of lodging companies, which is a labor intensive service industry, will be more important. This paper focuses on wage, which is a representative item related to human resource. Analysis of 2,515 firm-year from 2000 to 2017 showed that the relationship between the average wage per employee and business performance appeared to be positive. All analyses, such as correlation, univariate, and regression reported consistent results. It appears that high wage served as a motivation for employees of low-paying lodging companies, and therefore, performance has improved. Despite the importance of the study of employees, which constitutes a large part of the companies, only a fragmentary study of a particular hotel company has been made while little research on the entire lodging business has been conducted due to the limitations of data collection. This study is meaningful in that it has verified the relationship between the average wage per employee on business performance for the externally audited lodging companies. Lodging companies will need to make efforts to improve their performance through appropriate compensation to their employees.
Purpose - This study reviews the corporate social responsibility (CSR) activities of Korea Composite Stock Price Index (KOSPI) companies involved in scandals. Additionally, we study Chaebol companies’ CSR activities of involved in the scandal and analyzes how much Chaebol companies with scandals spend on charitable donations.
Design/Methodology/Approach - We exploit 11,975 firm-years listed on the Korea Exchange from 2001 to 2021, using the KOSPI firms as samples. We estimate the multiple regression model to test hypotheses. Also, we construct a one-to-one matching sample using the propensity score matching method to overcome endogeneity problems and to check the robustness.
Findings - The analysis finds that companies with scandals donate more than those without. In addition, among these companies, Chaebol companies with scandals tend to spend less on donations.
Research Implications - When corporate scandals occur, listed companies in Korea Exchange try to improve their image by actively engaging in CSR activities. However, Chaebol companies are not likely to engage in vigorous CSR activities even during scandals. The ethical level of a company can be inferred through its donation activities, depending on the situation.
Abstract Introduction Evaluating for the presence of gastrointestinal infection is a critical component of the workup for relapse of inflammatory bowel disease (IBD). With the advent of stool multiplex gastrointestinal pathogen panels (GI PCR), infections are increasingly identified. Prior research has shown that detection of enteric infection significantly affects the management of IBD in the inpatient setting. We aimed to characterize the impact of enteric infection detection on the management of IBD therapy in outpatients with relapse of IBD. Methods In a cross-sectional study of IBD outpatients at an academic medical center presenting with acute gastrointestinal symptoms from September 2015 to April 2019 who received GI PCR testing, we recorded pathogens detected, demographic data, biomarkers of inflammation, presenting symptoms, IBD subtypes, and IBD therapy. Our primary outcome was dose escalation in IBD therapy, defined as the addition of a new therapeutic agent or an increase in the dose or frequency of an existing medication. Secondary outcomes included rates of endoscopy, abdominal imaging, and antibiotics in the 30-day period after the initial visit and rates of adverse outcomes, i.e. emergency room (ER) visits, hospitalizations, and abdominal surgeries in the 90-day period after the initial visit. Results We identified 134 IBD outpatients tested with GI PCR. A pathogen was identified in 35 (26%) patients, of whom 9 (27%) had an increase in their medication regimen; 2 (22%) were prescribed an additional mesalamine, 3 (33%) a biologic, and none glucocorticoids. In contrast, 49/99 (45%, p=0.03) patients without an infection had an increase in their medication regimen, with 3 (7%, p=0.49) prescribed mesalamines, 11 (24%, p=0.67) biologics, and 7 (16%, p=0.04) glucocorticoids (Table 1). No patient received immunomodulators. Patients with an infection received more antibiotics (49% vs. 12%, p<0.01). They were also more likely to present with vomiting (11% vs. 3%, p=0.06) and undergo less post-visit endoscopy (6% vs. 16%, p=0.13), but these differences were near significant. There were no significant differences in demographics, initial IBD medications on testing, presenting symptoms, lab markers, abdominal imaging, or adverse outcomes. The most commonly isolated organisms were Escherichia coli subtypes, with 22/35 (63%) patients having at least one species isolated on testing (Table 2). Conclusion Detection of an enteric infection in outpatients with relapse of IBD was associated with significantly fewer dose escalations in IBD therapy, including glucocorticoids, and increased exposure to antibiotics, and a marginal decrease in endoscopy. These changes in management were not associated with a difference in adverse outcomes.
This study investigates the role of corporate governance in the relationship between the average employee length of service and firm value. Hong (2016) argues that firm value decreases as the average employee length of service increases. By expanding Hong's (2016) study, this study analyses the role of corporate governance using the KCGS evaluation scores. The results show that corporate governance mitigates the negative effect of the average employee length of service on firm value. This research contributes to the literature by verifying that corporate governance plays an important role in the agency problem regarding the employees and, therefore, takes a step forward from those of earlier studies which have clarified the role of corporate governance in the agency problem about the managers.
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