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pISSN : 1738-7132

2020 KCI Impact Factor : 0.79
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2020, Vol.29, No.1

  • 1.

    A Study on the Current Status and Limitations of the Cost-Benefit Analysis Section of the Regulatory Impact Analysis Report

    Choi, Seong Rak | Lee Hye Young | 2020, 29(1) | pp.3~34 | number of Cited : 5
    Abstract PDF
    Existing studies on RIA focus mainly on the system and operation of regulatory impact analysis. Therefore, there is a lack of empirical research on how actual cost-benefit analysis in RIA is conducted. In order to overcome these limitations, this study attempted to empirically examine the status of cost-benefit analysis in the regulatory impact analysis. To this end, the current status of the cost-benefit analysis in the regulatory impact analysis was analyzed in this study, focusing on 876 regulatory impact analyzes made in 2019. We have reviewed how much quantitative analysis is actually conducted, what are the measured values ​​of cost and benefit, whether the target of analysis is sufficiently considered when measuring cost benefit, and whether various impact assessments are conducted. According to the analysis of the cost-benefit analysis in the regulatory impact analysis, most of them are based on qualitative analysis, there are significant deviations in the measured value of benefits rather than the cost, and the net cost of the regulatory impact is represented above zero in many cases. In addition, little indirect costs were considered, and government enforcement costs were rarely considered, and the impact on various groups was not properly considered. In order for the regulatory impact analysis to have a more positive impact on the establishment of high-quality regulations, these limitations in cost-benefit analysis need to be supplemented.
  • 2.

    Effects of Non-financial Information Disclosure on Firm Performance and Firm Value

    Yun Kyung Kim | 2020, 29(1) | pp.35~59 | number of Cited : 12
    Abstract PDF
    This study examines the effects of ESG disclosure which provides firms’ non-financial information on firm performance and firm value. By using Korean listed firms during 2011-2017 with Bloomberg ESG Disclosure Score, we find that only disclosure on Governance is negatively associated with return on assets but the effects of total ESG, Environment and Social information are not statistically significant. Furthermore, none of ESG Disclosure has a statistically significant relationship with firm value. Results imply that disclosure of non-financial information does not improve corporate financial performance and the market does not perceive ESG information as important as financial information.
  • 3.

    A Study on the Regulatory System Related to the E-Mobility of Nepal

    Ryu, Donghoon | Kim, Minchul | Lee, Kiyoung | 2020, 29(1) | pp.61~87 | number of Cited : 2
    Abstract PDF
    The purpose of this study is to identify regulations that hinder Nepal's development of E-Mobility industries and to suggest policy detailed strategies for fostering E-Mobility industries. As a result, Nepal emphasized transportation improvement, technology development and promotion through the activation of the E-Mobility project. And Nepal provided infrastructure and policy encouragement to transform fossil fuel vehicles into eco-friendly vehicles. However, physical and institutional infrastructure conditions are very insufficient to foster new industries. Among the reasons for the sluggishness in Nepal's E-Mobility industry are poor consultations among stakeholders, insufficient physical infrastructure and training systems where transportation can be operated. In addition, there was no success story, so there was a lack of public relation efforts that made it easier for citizens to understand. The Nepalese government prepared eco-friendly and transportation policies in 2014 and received support from international organizations such as GGGI, but lacked clear laws on the E-Mobility industry and lacked cooperation among stakeholders. To improve this, it will be necessary to integrate policies on E-Mobility industries. Next, efforts should be continued to ease regulations related to the purchase and utilization of eco-friendly vehicles and to provide national policy incentives. Allowing exceptional access to historic sites for eco-friendly public transportation where public transportation is not allowed will be one solution. In addition, a proposal can be made to simplify the registration and route permit procedures of vehicles. It is also suggested that the government relaxes regulations or gives tax benefit on charging fees for electric vehicles, supplies of electric battery management. In addition, the government should promote sustainable new industries by fostering E-Mobility industry personnel, developing careers and creating funds for eco-friendly vehicles and transportation development. In addition, since the central government, local communities, eco-friendly vehicle committees and key consultative bodies are formed, it is deemed necessary for them to make efforts to uniformly overhaul regulations under the national plan and to coordinate, monitor and evaluate policies through cooperation with the private sector.