Clariant improves operating margin, with sales up 5% in local currencies

Health care-based negative production externalities, such as greenhouse gas emissions, underscore the need for hospitals to implement sustainable practices. Eco-certification has been adopted by a number of providers in an attempt, for instance, to curb energy consumption. While these strategies have been evaluated with respect to cost savings, their implications pertaining to hospitals’ financial viability remain unknown. We specify a fixed-effects model to estimate the correlation between Energy Star certification and 3 different hospitals’ financial performance measures (net patient revenue, operating expenses, and operating margin) in the United States between 2000 and 2016. The Energy Star participation indicators’ parameters imply that this type of eco-certification is associated with lower net patient revenue and lower operating expenses. However, the estimated negative relationship between eco-certification and operating margin suggests that the savings in operating expenses are not enough for a hospital to achieve higher margins. These findings may indicate that undertaking sustainable practices is partially related to intangible benefits such as community reputation and highlight the importance of government policies to financially support hospitals’ investments in green practices.

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How does reverse factoring affect operating performance? An event study of Chinese manufacturing firms

International Journal of Operations & Production Management ◽

10.1108/ijopm-07-2020-0469 ◽

2021 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Yongyi Shou ◽

Jinan Shao ◽

Weijiao Wang

Keyword(s):

Event Study ◽

Cost Efficiency ◽

Operating Performance ◽

Manufacturing Firms ◽

Content Type ◽

Performance Effect ◽

Study Results ◽

Operating Margin ◽

The Impact ◽

The Relationship

PurposeAs a popular supply chain finance (SCF) strategy, reverse factoring has been widely adopted by buyer firms. However, the extant literature provides scant empirical evidence on the performance effect of reverse factoring. The purpose of this study is to seek to narrow this gap by empirically examining the relationship between reverse factoring and operating performance and the contingency conditions of this relationship.Design/methodology/approachBased on a sample of 167 announcements of reverse factoring implementation made by publicly listed Chinese manufacturing firms between 2014 and 2018, this paper employs a long-term event study approach to analyze the operating performance effect of reverse factoring as well as the moderating effects of production and innovation capabilities.FindingsThe event study results indicate that reverse factoring has a positive effect on buyer firms' operating performance in terms of cost efficiency and operating margin. In addition, both production and innovation capabilities positively moderate the relationship between reverse factoring and operating margin. However, neither of them moderates the relationship between reverse factoring and cost efficiency.Originality/valueThis is the first study that empirically examines the impact of reverse factoring on operating performance based on secondary data. Furthermore, it sheds light on the SCF literature by providing insights into the contingency effects of production and innovation capabilities, which also extends our understanding of the application of extended resource-based view in SCF research.

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Preoperative Evaluation Clinic Redesign: An Initiative to Improve Access, Efficiency, and Staff Satisfaction

American Journal of Medical Quality ◽

10.1177/1062860618816812 ◽

2018 ◽

Vol 34 (4) ◽

pp. 348-353 ◽

Cited By ~ 1

Author(s):

Joan M. Irizarry-Alvarado ◽

Matthew Lundy ◽

Barbara McKinney ◽

Frank A. Ray ◽

Virginia E. Reynolds ◽

...

Keyword(s):

Preoperative Evaluation ◽

Staff Satisfaction ◽

Patient Access ◽

Practice Model ◽

Operating Margin ◽

Preoperative Evaluation Clinic ◽

And Control ◽

Control Methodology ◽

Improvement Team ◽

Access Efficiency

In 2008, Mayo Clinic in Jacksonville, Florida, developed the preoperative evaluation (POE) clinic under the department of anesthesiology to provide preoperative history and physical examination, and medical optimization. Over time, the POE clinic expanded to accommodate more than 90% of surgical patients, outgrowing the initial practice model. The increased patient volume with shortened turnaround times bottlenecked patient access. A multidisciplinary quality improvement team used Define, Measure, Analyze, Improve, and Control methodology to understand the issues, test potential solutions, and develop sustainable processes. With progressive Plan-Do-Study-Act cycles, it moved from small internal tests of change to implementation throughout the institution. Patient access improved by 14% ( P < .001) and triage efficiency by 30% ( P < .001). These elements led to a 14% improvement in operating margin and a 24% improvement in staff satisfaction. Sustainability was ensured with an accessible dashboard of performance indicators.

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The Relationship of Value Added to Personnel Expenses and Operating Margin in Hospitals

The Korean Journal of Health Service Management ◽

10.12811/kshsm.2011.5.1.077 ◽

2011 ◽

Vol 5 (1) ◽

pp. 77-85 ◽

Cited By ~ 1

Author(s):

Yong-Mo Jung

Keyword(s):

Value Added ◽

Operating Margin ◽

Personnel Expenses ◽

Relationship Of ◽

The Relationship

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Pengaruh CAR, Financing to Deposit Ratio , Non Performing Financing, Net operating Margin dan BOPO Terhadap Return on Asset Perbankan Syariah di Indonesia Periode Tahun 2013-2017

Jurnal Ekonomi dan Manajemen ◽

10.30650/jem.v13i2.1261 ◽

2019 ◽

Vol 13 (2) ◽

pp. 124-132

Author(s):

Fandi Kharisma

Keyword(s):

Operating Margin

Undang-Undang Nomor 21 Tahun 2008 mengenai Perbankan Syariah merupakan sebuah bukti bahwa pemerintah mendukung perkembangan perbankan syariah, dengan adanya peraturan ini khusus perbankan syariah akan memiliki aturan yang lebih spesifik mengenai kegiatan operasional yang sebelumnya belum pernah ada. Aturan ini akan membuat pola kerja dan pencapaian target kinerja perusahaan syariah akan berbeda dengan perusahaan yang bergerak di bidang konvensional. Cara yang dapat dilakukan untuk mengetahui dan mengukur kinerja keuangan perbankan syariah adalah dengan melihat laporan keuangan yang selanjutnya dianalisis untuk mendapatkan nilai kinerja keuangan. Penelitian ini akan mampu menjelaskan kinerja keuangan perbankan syariah sehingga pihak internal dan eksternal mampu membuat sebuah keputusan dari hasil kinerja yang ada. Alat analisis yang digunakan dalam penelitian ini adalah menggunakan regresi yang didasari pada uji asumsi klasik sehingga hasil penelitian yang dihasilkan merupakan nilai yang valid. Hasil dari penelitian ini menunjukkan bahwa NFP, FDR, CAR, BOPO , NOM tidak memiliki pengaruh yang signifikan terhadap ROA. Kata Kunci: Bank Syariah , Laporan Keuangan, Kinerja

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Efficiency and Rentability of Islamic Banks in Indonesia

INOVATOR ◽

10.32832/inovator.v9i1.2972 ◽

2020 ◽

Vol 9 (1) ◽

pp. 41

Author(s):

Sugeng Haryanto ◽

Yanuar Bachtiar ◽

Wildani Khotami

Keyword(s):

Secondary Data ◽

Capital Adequacy ◽

Islamic Banks ◽

Bank Efficiency ◽

Macroeconomic Factors ◽

Analysis Technique ◽

Capital Adequacy Ratio ◽

Operating Margin ◽

Financing Risk ◽

Quantitative Descriptive

<table border="1" cellspacing="0" cellpadding="0"><tbody><tr><td valign="top" width="454"><p><em>This study aims to analyze the influence of macroeconomic factors, efficiency, risk, financing to deposit ratio and CAR on the rentability of Islamic banks. This research is a quantitative descriptive. The study period was conducted in 2010-2019, with quarterly data. The data source is secondary data. Data collection techniques are done by documentation. Data is taken from www.ojk.go.id and www.bi.go.id. The type of data used is quantitative data. The research variables are rentability, efficiency, financing risk, FDR, Capital Adequacy Ratio (CAR) and macroeconomic data in the form of GDP and inflation. Rentability is measured by Nett operating margin (NOM), bank efficiency is measured using BOPO and financing risk is measured by non-performing financing (NPF). The analysis technique used is multiple linear regression. The results showed that the GDP variable did not affect rentability. Efficiency, risk, and CAR affect rentability. FDR does not affect rentability</em><em>.</em></p></td></tr></tbody></table>

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IBM's global CEO report 2006: business model innovation matters

Strategy and Leadership ◽

10.1108/10878570610701531 ◽

2006 ◽

Vol 34 (5) ◽

pp. 34-40 ◽

Cited By ~ 101

Author(s):

George Pohle ◽

Marc Chapman

Keyword(s):

Financial Performance ◽

Business Model ◽

Business Models ◽

Business Model Innovation ◽

Content Type ◽

Revenue Growth ◽

Business Executives ◽

Operating Margin ◽

Operational Innovation ◽

Study Participants

PurposeTo ascertain whether the choices CEOs were making about particular types of innovation and key enablers had any correlation with financial performance, IBM looked at a subset of our sample where publicly reported financial information was available.Design/methodology/approachThe findings in this report are based on in‐depth, consultative interviews on the topic of innovation with 765 CEOs, business executives and public sector leaders from around the world.FindingsFor a subset, the authors compared their financial performance to that of an industry‐accepted list of their nearest competitors (up to ten companies with similar revenue and publicly available information). Some of their competitors were CEO study participants, but most were not. By taking a five‐year view, the researchers were able to identify which companies outperformed and under‐performed the average revenue growth, operating margin growth and historical operating margins of their closest competitors.Research limitations/implicationsThroughout the analysis, IBM used these top‐half and bottom‐half groupings to look for notable financial correlations. In this report, the term outperformers refers to the study participants that are in the top 50 percent based on this competitive comparison, and under‐performers are those that fall in the bottom 50 percent.Practical implicationsThe authors report on how business leaders are seeking and finding new ways to adapt their business models to remain competitive in their current industry – or to seek growth by entering new industries.Originality/valueCompanies focusing on business model innovation have enjoyed significant operating margin growth, while those using products/services/markets and operational innovation have sustained their margins over time.

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People Centered Innovation: Enabling Lean Integrated Project Delivery and Disrupting the Construction Industry for a More Sustainable Future

Journal of Construction Engineering ◽

10.1155/2016/3704289 ◽

2016 ◽

Vol 2016 ◽

pp. 1-7 ◽

Cited By ~ 7

Author(s):

William Paolillo ◽

Branka V. Olson ◽

Edward Straub

Keyword(s):

Construction Industry ◽

Construction Project ◽

Shared Vision ◽

Expected Improvement ◽

Project Delivery ◽

Delivery Methods ◽

Integrated Project Delivery ◽

Community Stakeholders ◽

Operating Margin ◽

Integrated Project

People-centered innovation is a paradigm shift in the construction industry. It is derived from the supposition that people not methods, schedules, or budgets deliver projects. Our data suggest that a multilevel, multidisciplinary project team through shared vision, values, and a common vernacular defines, designs, and delivers more successful projects than traditional methods. These projects meet the needs of shareholders, the community, stakeholders, and the planet. We employ the concepts of emotional intelligence and agency theory to explain an integrated project delivery (IPD) construction project using lean tactics that not only delivered, but also exceeded expectations resulting in a six-month schedule acceleration and $60M savings over the original estimated cost of the project calculated assuming traditional project delivery methods. The safety rating for this project was 50% better than the national average and the expected improvement in operating margin for the new building is 33% greater. This paper introduces the notion of people-centered innovation to an industry that has struggled to adapt and show positive results over recent decades. Our case study describes the significance of people-centered innovation in construction project delivery. We discuss the implications for the construction industry going forward.

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