One of the objectives of this study were to develop a process for manufacturing activated carbons from agricultural by-products(rice shells and saw dust) and another is to measure the iodine number, ash content and removal ratio of COD. The other is to compare those values with those of commercialized activated carbons. Agricultural by-products based activated carbons were manufactured through the steam-reaction method. A rotary kiln type furnace was used for both carbonization and activation. The optimum operating temperatures for carbonization and activation were 650℃ and 900℃, respectively. For the activated carbons produced under these conditions, the iodine number was 1,127mg/g. Especially, removal efficiency of COD was 61.5% for 40mg/L of wastewater and 30% for 150mg/L of SLS(Sodium Lauryl Sulfate).

The use of different proxies to measure good corporate governance (GCG) may be a probable cause of the mixed results. Therefore, the application of a new single measure to enhance comparable empirical studies is required. The purpose of this study is to examine the relationship between corporate governance and firm’s performance. This study involved all manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2016 through purposive sampling with specific criteria. out of 144 qualified companies, 110 companies could be processed because of completed data in the form of financial information from their financial statements during the research period. The data were obtained from the official websites of IDX. This study applies a new measure of the corporate governance: the efficiency of the GCG. The corporate governance is calculated by relating inputs of components of the corporate governance and outputs of sales, assets and firm equity capital. By using financial data from firms listed on the Indonesian Capital Market, this study finds that the corporate governance significantly improved firm’s performance. More importantly, the study confirms and supports the new single measure of the GCG. This result is very important to avoid dealing with different indicators of the corporate governance.

The purpose of this study is to explore and empirically analyze the factors affecting the financial performance of Korean small- and medium-sized manufacturing companies, which are relatively insufficiently researched, in terms of human resource management (HRM). In particular, this study intends to examine the human resource management activities focusing on the individual influences of workers’ attitudes on systems and policies as well as jobs and organizations. This study reviews previous research and discussions on the human resource management system, as well as the organization and job-related attitudes and financial performance of workers, for the formulation of two hypotheses. Among the HCCP data, the hypothesis was verified through reliability and correlation analysis and stepwise multiple regression analysis for small- and medium-sized manufacturing enterprises. The results show, firstly, that human resource systems and systems have the same effect, but there were differences in the degree of impact. Secondly, job satisfaction has a statistically significant influence on financial performance. Lastly, all worker/employee attitude determinants are statistically significant for both job satisfaction and organizational commitment. HRM, previously relatively overlooked, provided theoretical and practical implications by demonstrating the direct impact on financial performance and the impact of individual human resource management systems and policies.

This study investigates the role of logistics capability and logistics outsourcing on the performance of manufacturing companies in Pakistan. It examines how logistics capability affects firm’s performance, why outsourcing is essential and how firms benefited if they outsource the service rather than establishing their own logistics capability. This research is based on a survey using structured a questionnaire to collect the primary data. The target population is logistics specialists of manufacturing companies in Pakistan with head offices based on Karachi, that have their own logistics or outsource their logistics. The questionnaire has been distributed to 500 respondents in 113 manufacturing companies in Pakistan. Confirmatory factor analysis has been used as statistical techniques to check the factor loading of the components, and SEM (Structural Equation Model) is used to check the impact of logistics capability on firm’s performance as well as the role of logistics outsourcing as a mediator. The findings of the research suggest logistics capability has positive impact on the performance of the manufacturing companies in Pakistan, and logistics capability has also an impact on logistics outsourcing. On the other hand, the study found that logistics outsourcing has no significant impact on the manufacturing companies in Pakistan.

With the development of China's economy, more and more Chinese firms started multinational operation. Different with the developed countries’ multinational firms, the multinational level of Chinese firms is obviously still in the development stage. In China's academic research, many scholars have studied the relationship of firms’ M-P (multinationality-performance). Like other academic studies in developed countries, they have also drawn various results, such as linear relationships, nonlinear relationships (S-shaped, U-shaped, inverted U-shaped, W-shaped, etc.). This paper uses the panel data of 242 multinational firms listed in China's A-shares from 2008 to 2016. The empirical research method is used to study the relationship between market indicators, accounting indicators and M-P, and the firm's asset management efficiency is also studied. The empirical results show that market indicators and financial indicators have both a significant positive effect on M-P. Whereas, the asset turnover rate plays a negative role in regulating M-P. It shows that Chinese manufacturing firms can accelerate the process of multinationality by expanding the market and managing corporate finances.

Purpose – For small and medium sized firms, CEO characteristics are main factor influencing firms’ prosperity as well as performance. So it is quite natural that many people are interested in factors of CEO that matters. In this research, CEO characteristics in terms of capabilities and skill or special knowledge necessary to run the business are invested for manufacturing firms. Precedent studies reveal that CEO characteristics such as psychological factors including desire to succeed, tendency to take risks, personal factors including age, year of running business, and task related factors including managing capability, communication skills, network influence firm performance for manufacturing firms. However, these studies simply verify whether or not those factors affect firm’s managing performance. This study, however, goes further to investigate how is the affecting process from CEO’s capabilities and organization characteristics to firm’s core competence, and from core competence to advantages, and from advantages to managing performance. Research design, data, and methodology – We make a questionnaire and surveyed manufacturing firm CEO’s in Gyeonggi-do area. General characteristics analysis, factor analysis, regression analysis, and control effect analysis was conducted. SPSS 2.0 Win, version was used. Results – The CEO characteristics including basic capability, task capability, leadership, and organization characteristics affect core competence at the statistically significant level. And, core competence affect both price advantage and differentiation advantage at the significant level. Some unique finding is that while differentiation advantage affects both financial achievement and non-financial achievement, price advantage does not affect both financial and non-financial achievement. And firm characteristics mainly measured by CEO characteristics of skills has control effects on the trace from core competence to price advantage. Conclusions – For small and medium sized firms CEO characteristics is the most important factor influencing firm’s prosperity. For manufacturing firms, whether CEO has the skill or special knowledge to run the firm is critical factor. The study results show that CEO’s for manufacturing firms put importance on price and price advantage which seems to be familiar to them. However, the price advantage does not influential to financial and non-financial achievement. This result suggests that small and medium sized manufacturing firms’ CEO’s should make effort to improve other aspects of advantages to be more competitive.

Corporate governance has received massive attention in academic research nowadays due to several recent corporate failures. Inefficiency of corporate governance mechanisms have driven the minds of the researchers and the policy makers to look with more insights into this area. Board composition, as part of corporate governance mechanism, plays a significant role to achieve company’s goals or objectives and ensure transparency and accountability. The objective of this study is to find out the efficiency of board composition through board size, independent directors and female directors on firm performance in the listed manufacturing firms of Bangladesh. In this study, a sample of 162 firm years are considered as the sample during the period of 2011 to 2016. This study finds that large board is the significant explanatory variable in improving firm performance. This study also shows that board independence and female directors have no significant association with firm performance which implies that instrument of corporate governance mechanism particularly board composition is very weak. This study recommends that code of corporate governance, specially the role of independent directors and female directors, should be reformed in the light of cultural and institutional context along with the effective enforcement.

최근 고부식 환경에 놓여 있는 철근 콘크리트 구조물의 철근 부식 문제를 해결할 수 있는 방안 중 하나로 뛰어난 내부식성을 가진 섬유복합체(Fiber Reinforced Polymer, FRP)로 제작된 보강근이 주목받고 있다. 유리섬유복합체로 제작된 보강근이 상용화된 상태이나 가격, 철근보다 낮은 탄성계수, 취성파괴 특성 등의 이유로 사용 실적은 많지 않은 것이 현실이다. 이러한 문제점을 해결하기 위한 방편 중 하나는 유리섬유복합체 보강근의 성능을 고도화하는 것이다. 성능 고도화를 통해 강도 대비 가격을 낮출 수 있으며, 인장성능을 향상시킬 수 있다. 본 연구는 주어진 재료와 조건 하에서 보강근 성능에 영향을 미치는 인자들의 효율성 향상을 통한 고인장 성능 유리섬유복합체 보강근의 개발에 관한 것이다. 이를 위해 구성재료와 제작방법 등 유리섬유복합체 보강근의 인장성능에 영향을 미치는 인자들에 대해 분석을 수행하여 개선 방안을 제안하였으며, 이를 통해 보강근의 주재료인 유리섬유의 성능을 기존 제품보다 더욱 효율적으로 활용하는 보강근을 제작하였으며, 다양한 변수에 대한 인장시험을 통하여 그 성능을 비교 분석함으로써 개선 방안의 적절성을 검증하였다.