scholarly journals Introducing “Focused Firms”: Implications from REIT Prime Operating Revenue

2021 ◽  
Author(s):  
Zifeng Feng ◽  
Peng Liu
Keyword(s):  
Operating Revenue

On Global Corporate Control: Review of an Article

2020 ◽  
Vol 19 (1-2) ◽  
pp. 45-51
Author(s):  
Bruce Parry
Keyword(s):  
Network Theory ◽  
Corporate Control ◽  
Financial Sector ◽  
Transnational Corporations ◽  
Central Core ◽  
Capitalist System ◽  
The World ◽  
Operating Revenue

Abstract This article reviews “The network of global corporate control” by Vitali et al. (2011) where the authors use modern network theory to analyze the centralization of global corporate control. Specifically, they calculate how a central core of transnational corporations (TNCs) have control over the total operating revenue of all transnational corporations. They find that out of 43,060 transnational corporations, 737 top shareholders control about 80 percent of the value of all TNCs. This control is centralized in the financial sector and extends to other sectors of the economy, including manufacturing and services. TNCs are more global than ever before. They are in virtually every country of the world and comprise a world capitalist system.

Methodologies and Techniques for Determining the Value of an Aircraft

2020 ◽  
pp. 036119812095841
Author(s):  
Bijan Vasigh ◽  
Farshid Azadian ◽  
Kamran Moghaddam
Keyword(s):  
Cash Flow ◽  
Flow Analysis ◽  
Operating Costs ◽  
Asset Valuation ◽  
Discounted Cash Flow ◽  
Valuation Model ◽  
Exogenous Factors ◽  
New Generation ◽  
Operating Revenue

Aircraft valuation and the estimation of an accurate aircraft price is undoubtedly a challenging task that has significant consequences for airlines. This paper presents an asset valuation model to show how a series of endogenous as well as exogenous factors can influence the value of an aircraft. Specifically, a discounted cash flow methodology is used to forecast the valuation of an old or new generation aircraft. Both total operating revenue and aircraft operating costs are taken into account to devise a reliable pre-tax profit measurement that is used as the basis of the discounted cash flow analysis. A sensitivity analysis based on Monte Carlo simulation is utilized to identify which factors have a more significant influence on the suggested aircraft value. Therefore, it addresses how value fluctuates in response to economic fluctuations. Indeed, the calculated value of an aircraft highly depends on the underlying assumptions used. The calculated value is compared with available data in a case study for verification.

scholarly journals ANALISIS PENGARUH UTANG BERBASIS BUNGA DAN PENDAPATAN NON-HALAL TERHADAP NILAI PERUSAHAAN EMITEN SAHAM SYARIAH

2018 ◽  
Vol 4 (2) ◽  
pp. 103
Author(s):  
Muhammad Adlan ◽  
Imron Mawardi
Keyword(s):  
Panel Data ◽  
Firm Value ◽  
Fixed Effects ◽  
Lower Portion ◽  
Standard Errors ◽  
Fixed Effects Models ◽  
Total Debt ◽  
Robust Standard Errors ◽  
Operating Revenue

This study aims to determine whether interest-based debt limitation and non-halal income limitation have significant effect on the firm value. Sharia stock issuers in Indonesia are obliged to pass several conditions set by the market regulator, some of them are limitations of the interest-based debt and non-halal income. This study assumes that the lower portion of interest-based debt and non-halal income, the more the investors will prefer the stocks, thus increasing the firm value. The subjects of this study are the companies listed on JII period 2013-2017. This study measures interest-based debt with ratio of interest-based debt devided by total debt, measures non-halal income with ratio of non-halal income divided by operating revenue, and measures the value of the firm with PBV. The analysis of this study using panel data regressions with fixed effects models with robust standard errors. The results shows that interest-based debt and non-halal income have no effects on the value of the firm, partially and simultaneously

scholarly journals Accrual-Based Earnings Management: A Case Study in V4 Focusing on Mining And Quarrying Sector

2021 ◽  
pp. 70-83
Keyword(s):  
Earnings Management ◽  
Firm Size ◽  
Significant Relationship ◽  
Explanatory Power ◽  
The Other ◽  
Financial Reports ◽  
Jones Model ◽  
Management Techniques ◽  
Operating Revenue

The aim of the contribution is earnings management detection by using a model with the highest explanatory power, as well as verifying hypotheses about the existence of a statistically significant relationship between earnings management and country, as well as firm size within companies operating in the mining and quarrying sector in 2019 and 2018. Data were obtained from the Amadeus database. The sample contains 348 financial reports of companies from 2019 to 2017. Research is focused on V4 companies that have the sum of total assets higher than 2,000,000 EUR, as well as the sum of operating revenue is higher than 100,000 EUR. Three recommended models were used, namely the modified Jones model, Industry model, and Kothari model. The explanatory power of these models was tested by using several criteria. Based on the results, the modified Jones model was chosen for earnings management detection. According to the results, companies in the mining and quarrying sector in V4 use earnings management techniques to manage the profit. It is not possible to clearly determine in which direction they manage their profit more often. Different values were measured in the two observed periods. Based on the results, Czech and Slovak companies used earnings management techniques to increase their profit. On the other hand, Poland and Hungarian companies used earnings management techniques to decrease it. Very large as well as large companies used earnings management techniques to decrease their profit; medium-sized companies used earnings management techniques to increase it.

scholarly journals Agile control of CO2 capture technology for maximum net operating revenue

2016 ◽  
Vol 49 (7) ◽  
pp. 332-335 ◽  
Author(s):  
Norhuda Abdul Manaf ◽  
Abdul Qadir ◽  
Ali Abbas
Keyword(s):  
Co2 Capture ◽  
Operating Revenue

scholarly journals The interdependence of corporate reputation and ownership: a network approach to quantify reputation

2019 ◽  
Vol 6 (10) ◽  
pp. 190570 ◽  
Author(s):  
Yan Zhang ◽  
Frank Schweitzer
Keyword(s):  
Ownership Structure ◽  
Corporate Reputation ◽  
Network Approach ◽  
Additional Information ◽  
The Core ◽  
Signalling Theory ◽  
Operating Revenue

We propose a novel way to measure the reputation of firms by using information about their ownership structure. Supported by the signalling theory, we argue that ownership relations channel reputation spillovers between shareholders and their invested companies. We model such reputation spillovers by means of a simple dynamics that runs on the ownership network, constructed from available databases. We focus on the core of the global ownership network with 1300 firms and 12 100 ownership links. Our method assigns an ownership-based reputation value to each firm, used to provide a quantitative reputation ranking. We compare our ranking with alternative rankings, to confirm that the top-ranked firms are correctly identified. We also demonstrate that our reputation measure does not correlate substantially with operating revenue or control and thus provides additional information about firms.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI FINANCIAL DISTRESS PEMERINTAH DAERAH

2018 ◽  
Vol 4 (2) ◽  
pp. 100
Author(s):  
Ika Wulandari ◽  
Nugraeni Nugraeni ◽  
Zaenal Wafa
Keyword(s):  
Regression Analysis ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Financial Distress ◽  
Fixed Cost ◽  
Operating Revenue

Memprediksi mengenai potensi kebangkrutan sangat penting sebagai bahan evaluasi kinerja pemerintah daerah yang selama ini terjadi. Sehingga dapat diambil suatu kebijakan untuk memperbaiki kondisi dan kinerjanya. Indikasi kebangkrutan suatu daerah dapat dilihat melalui informasi yang terdapat dalam laporan keuangannya. Financial distress merupakan ketidakmampuan pemerintah untuk menyediakan dana (kesulitan keuangan) yang berakibat ketidakmampuan pemerintah untuk memberi pelayanan pada publik sesuai standar minimal mutu pelayanan yang telah ditetapkan (Jones dan Walker, 2007). Penelitian ini bertujuan untuk menetahui faktor-faktor yang mempengaruhi financial distress pemerintah daerah di Indonesia berdasarkan Peraturan Pemerintah No. 30/2011 tentang Pinjaman Daerah. Sebanyak 15 Pemerintah Daerah Kabupaten/Kota selama tiga tahun berturut-turut yang mendapatkan adverse opinion dan disclaimer opinion atas laporan keuangan yang dijadikan sampel. Analisis data menggunakan Multiple Regression Analysis. Hasilnya return on asset (ROA), position government wealth ratio (POSGW), fixed cost to operating revenue (FETOR) dan debt to revenue (DTR) berpengaruh terhadap Financial distress.

scholarly journals Analysis of variations in the performance of audit firms in the Republic of Serbia

2012 ◽  
Vol 57 (193) ◽  
pp. 71-91 ◽  
Author(s):  
Dejan Jaksic ◽  
Kristina Mijic ◽  
Mirko Andric
Keyword(s):  
Correlation Analysis ◽  
Additional Analysis ◽  
Net Income ◽  
Service Market ◽  
Audit Firms ◽  
The Republic ◽  
Operating Revenue

The paper presents an analysis of the performance of audit firms in the Republic of Serbia in the period 2008-2010. For this period the trend in the number of audit firms in the Republic of Serbia, the size and number of employees in audit firms, and the participation of individual audit firms in total operating revenue, employment, and net income were observed. Further, correlation analysis of variations in operating revenue, employment, and net income of audit firms was carried out. The analysis showed the absence of the expected correlation between operating revenue and net income, as well as between the number of employees and net income. Additional analysis showed that the newly established audit firms achieved lower than average results and a higher level of variation in the level of profitability in relation to the audit firms that have been in the audit service market longer.

scholarly journals A Comparative Analysis: The Impact Of Non-Operating Revenues On Financial Viability Of Urban And Rural Hospitals

2010 ◽  
Vol 8 (3) ◽  
Author(s):  
Jim Morey ◽  
Ken Wallis ◽  
Hoseoup Lee ◽  
Gary Scherzer ◽  
Robert Orilio
Keyword(s):  
New York ◽  
Comparative Analysis ◽  
Financial Viability ◽  
Font Size ◽  
Fiscal Health ◽  
Hospital Sector ◽  
Positive Difference ◽  
Financial Variables ◽  
The Impact ◽  
Operating Revenue

<p class="MsoNormal" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="color: #0d0d0d; font-size: 10pt;"><span style="font-family: Times New Roman;">Fifty New York hospitals, 25 urban facilities and 25 rural facilities, were chosen at random for analysis.<span style="mso-spacerun: yes;">&nbsp; </span>They were examined to determine whether non-operating revenue &ndash; contributions, gifts, grants (as defined by IRS, Form 990) &ndash; plays an important role in fiscal viability .<span style="mso-spacerun: yes;">&nbsp; </span>Three years of data, 2005 &ndash; 2007, for each hospital was selected, and several financial variables were used to construct a fiscal viability index. The purpose of this study was to determine whether there is a positive difference in the fiscal health of hospitals when the hospitals can solicit more income from non-healthcare/non-operating activities in the form of outside gifts and grants.<span style="mso-spacerun: yes;">&nbsp; </span>Another main purpose of this study was to determine which hospital sector, if any &ndash; urban vs. rural &ndash; is more dependent upon non-operating revenues for their fiscal viability.</span></span></p>

scholarly journals The equity of school facilities funding: Examples from Kentucky.

2009 ◽  
Vol 17 ◽  
pp. 14
Author(s):  
William J. Glenn ◽  
Lawrence O. Picus ◽  
Allan Odden ◽  
Anabel Aportela
Keyword(s):  
School Facilities ◽  
State Funding ◽  
Horizontal Equity ◽  
Vertical Equity ◽  
Extensive Literature ◽  
Funding System ◽  
Capital Funding ◽  
School Capital ◽  
Current Operating ◽  
Operating Revenue

While there is an extensive literature analyzing the relative equity of state funding systems for current operating revenues, there is a dearth of research on capital funding systems. This article presents an analysis of the school capital funding system in Kentucky since 1990, using the operating-revenue analysis concepts of horizontal equity, vertical equity, and fiscal neutrality. In general one could tentatively conclude that Kentucky’s capital-funding system was reasonably equitable until an expansion of district options in 2003–04 was followed by greater measures of inequity. This analysis points to specific methods for Kentucky to restore equity to its school capital funding structure as well as a model for analysis of other capital funding systems.

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