scholarly journals Influence of Firm-Specific Determinants on the Profitability of Companies in Agri-Food Sector in Bosnia and Herzegovina: Research Project

2021 ◽  
Vol 4 (1) ◽  
pp. 31-38
Author(s):  
Dalila Ivković
Keyword(s):  
Bosnia And Herzegovina ◽  
Food Processing ◽  
Annual Reports ◽  
Food Sector ◽  
Return On Assets ◽  
Business Decisions ◽  
Food Processing Sector ◽  
Specific Factors ◽  
The Impact ◽  
Insight Into

The main objective of the undertaken study is to examine the influence of firm-specific determinants on the profitability of companies in the agri-food sector (agricultural production and food processing) in Bosnia and Herzegovina (B&H). For this purpose, we examine the impact of factors that are considered as determinants of firm profitability such as size, age, liquidity, leverage, and growth. The impact of the specific characteristics of the companies is tested on profitability measured by return on assets (ROA) in the agricultural and food processing sector in B&H. The analysis is based on the collection of quantitative data published in the food financial annual reports of the listed agricultural and processing companies in B&H over a period of five years (2015-2019). A research model with crucial variables with five independent variables (size, age, liquidity, leverage, and growth rate) and one dependent variable (profitability) was developed based on the literature review. The study outcomes will give an insight into the firm-specific factors that are important in examining the profitability of companies in the agri-food sector in B&H. Furthermore, the results of this research will serve as a basis for further studies in which the number of variables observed will be extended. Moreover, the results are expected to be useful for the management of the company to direct business decisions towards improving the company’s profitability.

scholarly journals Bank-Specific Factors Influencing Profitability of Islamic Banks in Bangladesh

2016 ◽  
Vol 10 (1) ◽  
pp. 21-36
Author(s):  
Md Mustafizur Rahaman ◽  
Sharmin Akhter
Keyword(s):  
Negative Impact ◽  
Annual Reports ◽  
Islamic Banks ◽  
Return On Assets ◽  
Statistical Tool ◽  
Data Set ◽  
Significant Negative Impact ◽  
Specific Factors ◽  
The Impact ◽  
Bank Specific Factors

This paper aims at empirically studying the impact of some selected bankspecific factors on Islamic banks’ profitability. The data for this study covering a period 2009-2013 is obtained from the annual reports of respective Islamic banks. The statistical tool employed is the technique of linear multiple regression analysis. The data-set used in this study involves eight Islamic banks operating in Bangladesh. Empirical results show that bank-size and deposit have significant negative impact on the return on assets (ROA) which is the proxy for Islamic banks’ profitability, while equity is found to have positive significant impact. However, loan and expense management are found to be insignificant in affecting the profitability of the banks.Journal of Business and Technology (Dhaka) Vol.10(1) 2015; 21-36

scholarly journals Wpływ pandemii COVID-19 na przetwórstwo spożywcze i eksport rolno-spożywczy Polski Impact of the COVID-19 pandemic on food processing and Polish agri-food exports

2020 ◽  
pp. 117-163
Author(s):  
Iwona Szczepaniak ◽  
Łukasz Ambroziak ◽  
Jadwiga Drożdż
Keyword(s):  
Food Processing ◽  
Food Industry ◽  
Growth Dynamics ◽  
Current Level ◽  
Production Costs ◽  
Food Sector ◽  
Upward Trend ◽  
Food Processing Sector ◽  
The Impact ◽  
Lower Production

Wirus SARS-CoV-2 zaczął się rozprzestrzeniać na całym świecie już kilka tygodni po jego wykryciu. Wszyscy są zaniepokojeni skutkami, jakie może spowodować pandemia COVID-19 wywołana przez ten wirus. Celem artykułu jest ocena wpływu pandemii na sektor przetwórstwa spożywczego i eksport rolno-spożywczy Polski. W opracowaniu przedstawiono uwarunkowania sytuacji, w jakiej znalazł się polski sektor spożywczy w przededniu pandemii, zanalizowano niektóre dane produkcyjno-finansowe i handlowe za kilka miesięcy jej trwania oraz wskazano ewentualne następstwa pandemii i możliwe kierunki zmian w sektorze. Z analizy wynika, że sektor dość dobrze radzi sobie z kryzysem wywołanym przez pandemię COVID-19. Skutkiem pandemii nie powinna być duża fala upadłości i bankructw przedsiębiorstw, a jedyną negatywną konsekwencją może się okazać czasowe spowolnienie rozwoju sektora, głównie w wyniku wahań dynamiki wzrostu polskiego eksportu rolnospożywczego. Rosnący popyt w kraju i za granicą oraz wciąż niższe w porównaniu z innymi krajami koszty produkcji w Polsce pozwalają na utrzymanie tendencji wzrostowej produkcji i eksportu produktów rolno-spożywczych, a co za tym idzie wciąż dobrą kondycję sektora. Odpowiednia polityka gospodarcza i zaangażowanie przedsiębiorców mogą również pomóc utrzymać dotychczasowy poziom rozwoju polskiego sektora żywnościowego. Słowa kluczowe: eksport rolno-spożywczy, pandemia COVID-19, przemysł spożywczy, wirus SARS-CoV-2. The SARS-CoV-2 virus began to spread worldwide just weeks after its detection. Everyone is concerned about the effects of the COVID-19 pandemic caused by this virus. This article aims to assess the impact of the pandemic on the food processing sector and Polish agri-food exports. The article outlines the determinants of the situation in which the Polish food sector found itself at the eve of the pandemic, analyzes some production, financial and commercial data gathered during several months of its duration, and indicates possible consequences of the pandemic and potential directions of changes in the sector. The analysis shows that the sector is coping fairly well with the crisis caused by the COVID-19 pandemic. The pandemic should not result in a massive wave of business insolvencies and bankruptcies, and the only negative consequence may be a temporary slowdown in the sector’s development, mainly due to fluctuations in the growth dynamics of Polish agri-food exports. The growing demand in Poland and abroad and the still lower production costs in Poland compared to other countries allow for the maintenance of the upward trend in the production and export of agri-food products, and thus the continued favorable condition of the sector. Appropriate economic policy and the involvement of entrepreneurs may also help maintain the current level of development of the Polish food sector. Keywords: agri-food exports, COVID-19 pandemic, food industry, SARS-CoV-2 virus.

scholarly journals How Does Debt Financing Affect Financial Performance? A Study of Transport Companies Listed in Pakistan

2020 ◽  
Vol 2 (2) ◽  
Author(s):  
Ulfat Abbas ◽  
Sohail Aziz ◽  
Samina Khan
Keyword(s):  
Financial Performance ◽  
Debt Financing ◽  
Annual Reports ◽  
Transport Sector ◽  
Return On Assets ◽  
Secondary Sources ◽  
Earnings Per Share ◽  
The Impact ◽  
Retained Earnings

  Purpose: The purpose of this paper investigates the impact of debt financing on airline’s (transport) sector performance of Pakistan. Design/Methodology/Approach: We gathered the data from secondary sources. In this study, we used a data sample of 11 years from 2008-2018 by using companies annual reports. Due to unavailability of data, only 3 transport companies have been taken for analysis. The software which we used in analysis is SPSS (Statistical Package for Social Science). Findings: The findings of the study suggests that there is opposite relationship between debt financing and financial performance of airlines. Debt is measured from three ratios, short term debt to total assets, long term debt to total assets and total debt to total assets ratio. For the measurement of performance, we used return on assets and earnings per share. We concluded on the basis of findings that the companies should focus on retained earnings which is cheaper source of finance and use less level of debt. As the more level of debt use by the companies, the performance of companies’ decrease. Implications/Originality/Value: There is only one study is available in Pakistan which used transport sector in Pakistan in debt financing context                                                          

scholarly journals Corporate governance and firm performance within the Russian agri-food sector: does ownership structure matter?

2020 ◽  
pp. 1-20
Author(s):  
Alisher Tleubayev ◽  
Ihtiyor Bobojonov ◽  
Taras Gagalyuk ◽  
Emma García Meca ◽  
Thomas Glauben
Keyword(s):  
Firm Performance ◽  
Ownership Structure ◽  
Food System ◽  
Vital Role ◽  
Ownership Concentration ◽  
Food Sector ◽  
Return On Assets ◽  
Peak Point ◽  
Return On Sales ◽  
The Impact

This article provides pioneering empirical evidence on the ownership structure and firm performance relationship for the case of corporate agri-food companies in Russia. While Russia plays a vital role in the global agri-food system, its domestic agri-food production is evidently dominated by a small number of corporate enterprises, which are in turn characterized by high ownership concentration. We employ unique panel data obtained from 203 companies for the years between 2012 and 2017. A random effects model was used to analyze the impacts of ownership concentration and ownership identity on the firms’ financial performance, measured by return on assets and return on sales. Our results indicate an inverse U-shaped association between ownership concentration and firm performance, with average level of ownership concentration found to be on the descending range of the inverse U-shaped curve. Moreover, we observe a similar quadratic relationship between ownership concentration by government and directors and firm performance. On average, ownership by directors was found to be on the ascending range and below the peak point, suggesting a potential for further performance improvement, while the impact of agroholding ownership was found to be linear and positive.

Impact of CEO Overconfidence on Firm Performance: An Evidence from S&P BSE 200

2019 ◽  
Vol 23 (3) ◽  
pp. 234-243
Author(s):  
Hardeep Singh Mundi ◽  
Parmjit Kaur
Keyword(s):  
Firm Performance ◽  
Superior Performance ◽  
Annual Reports ◽  
Tobin’S Q ◽  
Return On Assets ◽  
Tobin's Q ◽  
Full Sample ◽  
Forecasting Error ◽  
Research Article ◽  
The Impact

The current research article considers the impact of CEO overconfidence on firm performance for S&P BSE 200 firms. The CEO overconfidence is measured using revealed beliefs (holder 67, long holder and net buyer), press coverage and forecasting error proxies of CEO overconfidence. CEO Overconfidence measures are constructed as per the methodology of Malmendier and Tate (2005b, 2008). Firm performance is measured using Tobin’s Q and return on assets. The data are collected from the Centre for Monitoring Indian Economy (CMIE) prowess, S&P Capital IQ and the annual reports of the sample firms over a period of 15 years starting from 1 April 2000 to 31 March 2015. Regression results for each of the proxy of CEO overconfidence with the proxies of firm performance indicate that large Indian firms with overconfident CEOs enjoy a higher return on assets and Tobin’s Q as compared to the full sample firms. Overconfident CEOs consider themselves better-than-average, are involved with over-investment and show superior performance for the firm. The overconfident CEOs increase firm performance by following optimal levels of investments in the firm.

scholarly journals Impact Of Firm Specific Factors On Capital Structure Decision: An Empirical Study Of Albanian Firms.

2013 ◽  
Vol 2 (4) ◽  
pp. 135 ◽  
Author(s):  
Anila Çekrezi
Keyword(s):  
Capital Structure ◽  
Return On Assets ◽  
Balance Sheets ◽  
Listed Firms ◽  
Natural Logarithm ◽  
Total Debt ◽  
Dependent Variables ◽  
Specific Factors ◽  
The Impact

This paper attempts to explore the impact of firm specific factors on capital structuredecision for a sample of 65 non- listed firms, which operate in Albania, over the period2008-2011.In this paper are used three capital structure measures ; short –term debt tototal assets (STDA), long- term debt to total assets (LTDA) and total debt to total assets(TDTA) as dependent variables and four dependent variables: tangibility(TANG),liquidity (LIQ), profitability(ROA=return on assets) and size (SIZE). The investigationuses panel data procedure and the data are taken from balance sheets and include onlyaccounting measures on the firm’s leverage. This study found that tangibility (the ratio offixed assets to total assets), liquidity (the ratio of current assets to current liabilities)profitability (the ratio of earnings after taxes to total assets) and size (natural logarithm oftotal assets) have a significant impact on leverage. Also empirical evidence reveals asignificant negative relation of ROA to leverage and a significant positive relation ofSIZE to leverage. And the second objective of this study is to identify the impact ofindustry classification on firm’s leverage, using a dummy variable for the trade sector. Soone of the hypothesis tested is if financial leverage is independent of industryclassification. Results reveal that long term debt to total assets and total debt to totalassets ratios are significantly different across Albanian industries.

scholarly journals IMPACT OF HOUSEHOLD INCOME ON FOOD AND NON-ALCOHOLIC BEVERAGES CONSUMPTION IN BOSNIA AND HERZEGOVINA – A MICROECONOMIC APPROACH

2019 ◽  
Vol 17 (1) ◽  
Author(s):  
Lejla Dacić ◽  
Hasan Hanić
Keyword(s):  
Bosnia And Herzegovina ◽  
Household Income ◽  
Consumer Preferences ◽  
Household Consumption ◽  
Alcoholic Beverages ◽  
Equation Modeling ◽  
Engel Curves ◽  
Functional Forms ◽  
The Impact ◽  
Insight Into

The aim of this paper is to quantify the patterns of consumption of food and non-alcoholic beverages of households in Bosnia and Herzegovina in relation to household income - with a focus on the validity of the first Engel’s Law. The problem of household consumption in the last three decades has not been the subject of an analysis of any comprehensive study, both in Bosnia and Herzegovina and ex-Yugoslavia, which points to the relevance of this issue in Bosnia and Herzegovina. Empirical research is based on the econometric modeling of Engel curves using single equation modeling.. Household Budget Surveys in Bosnia and Herzegovina, available for four years (2004, 2007, 2011, 2015), are a key source of data, which are methodologically harmonized with the methodology of the Agency for Statistics of the EU. An analysis of the impact of income on household consumption has been made on the basis of data on income and food expenditure that are given on a monthly basis. Taking into account 6 functional forms and three territorial coverage (FBiH, RS and BiH) for each year of the survey there were 18 regressions estimated. The OLS-Ordinary Least Squares method was used to estimate the parameters of the regression equations based on the sample. Of all the functional forms of the Engel curves, which are estimated in the paper, the double logarithmic form best fits to food and non-alcoholic beverages consumption and it is distinguished as representative. The results of the econometric modelling of Engel’s curves were expected to confirm the significance of income as a key determinant of consumption, but also provided a deeper insight into the explanatory power that income has in explaining the variation in household expenditure on food and non-alcoholic beverages. The information on the intensity of the impact of income on changes in consumption (expenditure) provides income demand elasticities, which are a key parameter in the empirical check of the validity of Engel’s laws. The estimated value of the income elasticity is smaller than the unit and in accordance with the first Engel law. Comparison of the estimated parameters of model for different years gives an insight into the time stability of consumer preferences of households. Estimated income elasticities of food and non-alcoholic drinks show volatility in the observed period, which implies a change in consumer preferences. The results of this paper can serve as a basis for future extensive econometric research of personal consumption of the population of Bosnia and Herzegovina.

Achieving Financial Sustainability in Ghana’s Banking Sector: Is Environmental, Social and Governance Reporting Contributive?

2021 ◽  
pp. 097215092110443
Author(s):  
Haruna Maama
Keyword(s):  
Banking Sector ◽  
Annual Reports ◽  
Financial Sustainability ◽  
Environmental Reporting ◽  
Return On Assets ◽  
Reporting Practices ◽  
Net Interest Margin ◽  
Content Analysis Method ◽  
Negative Impacts ◽  
The Impact

Despite banks not having any significant direct negative impacts on the environment and society, they adopt environmental, social and governance (ESG) accounting. Meanwhile, ESG reporting consumes additional resources and exposes firms’ strategies to competitors. The study employed a legitimacy theory to investigate the impact of ESG reporting on the financial sustainability of banks in Ghana. The study relied on 10 years of annual reports of all the banks in Ghana. The banks’ ESG reporting practices were assessed based on a content analysis method. The financial sustainability was measured based on return on assets (ROA) and net interest margin (NIM). Evidence showed that environmental reporting (ERI) impacted the banks’ NIM and ROA inversely and significantly, whilst governance reporting had a positive but insignificant relationship with NIM and ROA. The result further demonstrated that social reporting (SRI) impacted NIM and ROA positively and significantly. The overall ESG reporting had a negative and significant relationship with the banks’ financial sustainability. Hence, the ESG reporting did not improve the financial sustainability of banks, and banks in Ghana have less of an incentive to report on ESG as opposed to banks in other countries, where such reporting generally makes financial sense.

scholarly journals Impacts of Capital Structure on Bank Performance

2019 ◽  
Vol 2 (1) ◽  
pp. 118-123
Author(s):  
Sardar SH. Ibrahim
Keyword(s):  
Capital Structure ◽  
Positive Impact ◽  
Least Square ◽  
Annual Reports ◽  
Bank Performance ◽  
Return On Assets ◽  
Return On Equity ◽  
Probability Of Survival ◽  
Total Debt ◽  
The Impact

Purpose: This study studies the effect of capital structure on the performance of some Iraqi private banks. Six banks based in Iraq namely: Babylon Bank, Investment Bank, Credit Bank, Commercial Bank, Sharq Al-Awsat Bank, and Baghdad Bank were selected for the present study over the period 2005 to 2015. Methodology: Annual reports of these banks were studied and relevant ratios were calculated. The variables that were identified as independent for capital structure were total debt to capital, bank size and asset growth, while return on assets and return on equity were considered to be dependent variables for bank performance. The panel Least Square model has been used to examine the impact of capital structure on bank performance. Findings:  Outcomes indicate that none of the independent variables has a significant impact on return on assets (ROA), while total debt to capital (TDC) has a positive impact on return on equity (ROE). Reduction: Depending on this result, Iraqi banks should keep sufficient amount of capital to avoid any financial risks and increase the probability of survival.

Determinants of bank performance: evidence for Latin America

2014 ◽  
Vol 27 (2) ◽  
pp. 164-182 ◽  
Author(s):  
Mauricio Jara‐Bertin ◽  
José Arias Moya ◽  
Arturo Rodríguez Perales
Keyword(s):  
Latin American ◽  
Generalized Method Of Moments ◽  
Bank Performance ◽  
Return On Assets ◽  
Content Type ◽  
Specific Factors ◽  
The One ◽  
The Impact ◽  
New Evidence ◽  
Bank Concentration

Purpose The purpose of this paper is to analyze the impact of macroeconomic‐industrial and bank‐specific factors on Latin American banks’ performance. Design/methodology/approach Using the data panel system estimator version of the generalized method of moments, the authors estimate the determinants of return on assets and interest margin for a sample of 78 commercial banks from Argentina, Brazil, Chile, Colombia, México, Paraguay, Peru, and Venezuela over the period from 1995 to 2010. Findings On the one hand, the results show that bank performance is positively related to both idiosyncratic factors, such as service diversification, size, capital ratio, and specialization degree, and to macroeconomic‐industrial factors such as economic growth, inflation, and bank concentration. On the other hand, the results show that bank performance is negatively related to credit risk, liquidity risk, and operational inefficiencies. Originality/value The authors provide new evidence from the Latin American bank industry and incorporate the effect of diversification through noninterest activities.

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