scholarly journals The impact of firms’ inflation perceptions on investment: Evidence from listed manufacturing enterprises in China

2021 ◽  
Vol 275 ◽  
pp. 01043
Author(s):  
Chi Zhang ◽  
Zhixin Liu ◽  
Lei Lv
Keyword(s):  
Annual Reports ◽  
Manufacturing Companies ◽  
Dummy Variables ◽  
Investment Expenditure ◽  
Manufacturing Enterprises ◽  
Investment Spending ◽  
The Impact ◽  
Inflation Perceptions ◽  
Corporate Annual Reports

This article investigates the extent to which inflation perceptions affect firms’ innovation input and investment expenditure. We adopt dummy variables data to quantify the firm inflation perceptions of China’s listed manufacturing companies from corporate annual reports during the period from 2008–2018. Results reveal that inflation perceptions have a positive Tobin effect on investment spending decisions of the firms whose inflation perceive risen, vice versa. Besides, the investment expenditure of large manufacturing/ SOEs enterprises are more sensitive than small/non-SOEs firms when inflation perceptions have risen, and small/non-SOEs companies tend to reduce much more investment spending when inflation perceptions decline. Our results have significant implications for policymakers and firm managers.

scholarly journals Corporate Governance and the Earnings Quality of Nigerian Firms

2020 ◽  
Vol 11 (5) ◽  
pp. 161
Author(s):  
Festus Oladipupo Olaoye ◽  
Ademola Adeniran Adewumi
Keyword(s):  
Corporate Governance ◽  
Comprehensive Evaluation ◽  
Earnings Quality ◽  
Gender Diversity ◽  
Annual Reports ◽  
Board Independence ◽  
Manufacturing Companies ◽  
Board Size ◽  
Board Gender Diversity ◽  
The Impact

The focus of the study is to examine the impact of corporate governance on earnings quality in listed firms in Nigeria. The specific objective is to investigate the effect of board size, board independence and board gender diversity on earnings quality. This study was carried out with secondary data retrieved from corporate annual reports of the sampled companies and the data was analysed using panel regression on a sample of 37 quoted manufacturing companies for the period 2011-2017. On the overall, the result reveals that Board size, board independence and board gender diversity used for measuring corporate governance show significant impact on earnings quality. In addition, corporate governance variables appear to be quite sensitive to the measure of earnings quality used. Based on the findings, the study recommends the need for comprehensive evaluation of corporate governance systems of companies. The study recommends the need for more level of board independence. The diversity issue though is gaining momentum in corporate governance literature can still be regarded as not as dominant as compared to others especially as it relates to protecting shareholder rights and framing dividend policy. The significance of the variable nevertheless suggests that companies should thrive to achieve an appropriate diversity mix.

scholarly journals Role of Servitization, Digitalization, and Innovation Performance in Manufacturing Enterprises

2021 ◽  
Vol 13 (17) ◽  
pp. 9878
Author(s):  
Lei Shen ◽  
Cong Sun ◽  
Muhammad Ali
Keyword(s):  
Manufacturing Industry ◽  
Dynamic Capabilities ◽  
Innovation Performance ◽  
Manufacturing Companies ◽  
Business Innovation ◽  
Manufacturing Enterprises ◽  
Enterprise Innovation ◽  
The Impact ◽  
The Relationship

The structure of the manufacturing industry has forced manufacturing companies to understand the importance of digitalization and servitization transformation, in terms of production and R&D. In this study, we examine the relationship between servitization, digitization, and enterprise innovation performance through the lens of dynamic capabilities within enterprises. We also discuss the impact of the transformation servitization strategy on business innovation, and the mechanisms by which it impacts business innovation performance. The study’s findings indicate that servitization significantly contributes to innovation performance, and digitalization acts as a mediating mechanism between the proposed relationships. Thus, this article argues for the integration and growth of servitization and digitization.

scholarly journals The Impact of Tax, Exchange Rate, Tunneling Incentive and Firm Size on Transfer Pricing (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for Years2014-2018)

2019 ◽  
Vol 1 (2) ◽  
pp. 149-166
Author(s):  
Felicia Vanessa Wijaya ◽  
Luky Patricia Widianingsih
Keyword(s):  
Exchange Rate ◽  
Firm Size ◽  
Stock Exchange ◽  
Transfer Pricing ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Factors Affecting ◽  
Analysis Technique ◽  
The Impact

Abstract: In the era of globalization, companies are developing into multinational companies that establish branches or subsidiaries in various countries. This globalization has given an impact to increase international transaction. These transactions could lead to transactions with related parties that shows an indication of transfer pricing. Along with the development of globalization, factors affecting transfer pricing are not only derived from taxes, but also from other factors. The purpose of this research is to examine the effect of tax, exchange rate, tunneling incentive, and firm size on transfer pricing. This research used secondary data in the form of annual reports published on the Indonesia Stock Exchange. Population of this research was manufacturing companies for years 2014-2018 and by purposive sampling method, a sample of 19 manufacturing companies was obtained. Analysis technique used on this research was a multiple linear regression using SPSS 23 application. The result shows that tax, tunneling incentive, firm size have significant effect on transfer pricing, while exchange rate does not take any effect on transfer pricing. Adjusted R2 determination coefficient of 32,8% shows transfer pricing is affected by tax, exchange rate, tunneling incentive, and firm size, while remaining 67,2% is affected by other variables outside research model. Keywords: Transfer Pricing; Tax; Exchange Rate; Tunneling Incentive; Firm Size.

scholarly journals Research on the impact of innovation input on enterprise performance in manufacturing enterprises--- Moderating effect based on governance structure

2021 ◽  
Vol 292 ◽  
pp. 02054
Author(s):  
QianYu Zhao ◽  
Gang Fu ◽  
WanTing Liu
Keyword(s):  
Firm Performance ◽  
Industrial Development ◽  
Manufacturing Industry ◽  
Governance Structure ◽  
Negative Influence ◽  
Moderating Effect ◽  
Manufacturing Companies ◽  
Manufacturing Enterprises ◽  
The Impact ◽  
The Relationship

Manufacturing industry is the lifeblood of national economy, and innovation input is the lifeline of manufacturing enterprises. This paper selects the financial data of China’s listed manufacturing companies from 2015 to 2019 to study the moderating effect of governance structure on the relationship between innovation input and firm performance. It is found that innovation investment has a negative influence on firm performance with lag. In terms of ownership structure, ownership concentration has a negative moderating effect on the relationship between innovation input and firm performance. The degree of equity balance has a positive moderating effect on the relationship between innovation input and firm performance. According to the conclusion of this study, it is expected to optimize the governance structure of China’s manufacturing enterprises and promote industrial development.

scholarly journals Concentrated Ownership Structure and Audit Quality: New Evidence from Nigeria

2020 ◽  
Vol 5 (3) ◽  
Author(s):  
Akinwunmi Abiodun Jelil ◽  
Dada Olajide Samuel ◽  
Ajayi-Owoeye Ayooluwa Olotu ◽  
Kwarbai Jerry Danjuma
Keyword(s):  
Internal Control ◽  
Audit Quality ◽  
Stock Exchange ◽  
Secondary Data ◽  
Ownership Concentration ◽  
Annual Reports ◽  
Probability Method ◽  
Manufacturing Companies ◽  
Concentrated Ownership ◽  
The Impact

Shareholders with a large stake in a company may have greater incentives to monitor and take corrective actions, because they partially internalize the benefits from their monitoring effort. This study examined the impact of concentrated ownership on audit quality as measured by auditors’ tenure of 36 manufacturing companies quoted on the NSE. The sample size was selected using non-probability method of sampling from a population of 185 quoted companies on the Nigerian Stock Exchange. The study adopted experimental research design and secondary data extracted from the audited annual reports of the firms under consideration covering a period 2007 to 2017 was used. The study found that ownership concentration has no statistically significant impact on auditors’ tenure. The study therefore recommends that ownership concentration should be maintained at a controllable level; the insignificant impact of concentrated ownership on auditors’ tenure as evident in this study might be the result of inefficient monitoring by large owners. But when ownership concentration by large ownership is maintained at a controlling level, firm values and other performance parameters become positive which may be as a result of an effective internal control system against the expropriation of resources and exploitation of minority shareholders by large shareholders.

scholarly journals Audit Committee Characteristics and their Impact on Intellectual Capital Disclosure: A Study of Listed Manufacturing Companies in Sri Lanka

2019 ◽  
Vol 14 (1) ◽  
pp. 135-149
Author(s):  
Nimalathasan Balasundaram ◽  
Keyword(s):  
Sri Lanka ◽  
Intellectual Capital ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Companies ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Sri Lankan ◽  
Manufacturing Companies ◽  
The Impact

In the today’s knowledge based economy, intellectual capital (IC) is considered as a strategic asset which determines the value of the company. Different practices of disclosing IC information in annual reports that do not show the real financial position of a company, is a main problem in Sri Lankan companies. The objective of this study was to find out the impact of audit committee characteristics on Intellectual Capital Disclosure (ICD) of listed companies on the Colombo Stock Exchange (CSE) for a period of five- years from 2012/2013 to 2017/2018. The ICD index comprised of 30 items in terms of Relational Capital Disclosure (RCD), Structural Capital Disclosure (SCD) and Human Capital Disclosure (HCD). The data was analyzed using correlations and regression analysis. Most of the Sri Lankan Listed companies disclosed ICD in text, sentences, pictures, tables and graphs in line with the Global Reporting Initiative (GRI) guidelines in their annual reports. ICD was measured by a disclosure index score. The independent variables comprised various forms of audit committee characteristics: audit committee size, frequency of audit committee meetings and audit committee independence. The study confirms that the size of the audit committee and audit committee meetings are important attributes to explain ICD in Sri Lanka. However, the study found a negative significant relationship between ICD and audit committee independence. Keywords: audit committee independence, audit committee meeting, audit committee size, intellectual capital disclosure

scholarly journals To be successful in developing new products - a perspective from the project of manufacturing enterprises in HCMC

2013 ◽  
Vol 16 (1) ◽  
pp. 5-19
Author(s):  
Hung Nguyen Bui ◽  
Luong Phuoc Le ◽  
Hanh Thi Hong Tran ◽  
Dang Thi Hong Nguyen
Keyword(s):  
Product Development ◽  
New Product Development ◽  
Success Factors ◽  
Positive Impact ◽  
New Product ◽  
Manufacturing Companies ◽  
Manufacturing Enterprises ◽  
Two Factors ◽  
The Impact ◽  
Positive Impacts

New product development (NPD) is the major driver of profitability, maintains competitive advantage and ensures the survival of companies. Previous studies showed that a high failure rate was found in the projects of new product development, especially in the consumer market. Thus, this study aims at identifying the success factors of new product development projects at the manufacturing companies in Ho Chi Minh City. In accordance with this purpose, a research model is proposed for this study including four success factors: Nature of product, Project activities, Characteristics of market, and Corporate skills and resources. Total 400 questionnaires were sent to respondents who are project managers at the manufacturing companies, and then 123 feed-backs were considered qualified for the data analysis, with the response rate of 30.75 %. The results of this study show that the characteristics of market have the most positive impact on the success of projects in new product development. The nature of products as well as the corporate skills and resources are the two factors which are also found to have positive impacts on the success of projects in new product development. Meanwhile, the project activities also impose positive impacts on the success of the projects; yet, the impact level is less than the other three factors.

scholarly journals A new management approach based on Additive Manufacturing technologies and Industry 4.0 requirements

2021 ◽  
Vol 16 (1) ◽  
pp. 125-135
Author(s):  
J. Patalas-Maliszewska ◽  
M. Topczak
Keyword(s):  
Additive Manufacturing ◽  
Competitive Advantage ◽  
Industry 4.0 ◽  
Good Practice ◽  
Strategic Decision ◽  
Management Approach ◽  
Manufacturing Companies ◽  
New Approach ◽  
Manufacturing Enterprises ◽  
The Impact

Nowadays, it is necessary to formulate and implement a development strategy in manufacturing enterprises, in line with the assumptions of the Industry 4.0 concept. In this context, a gap in the research has been observed in effective management methods, in order to gain a competitive advantage through the implementation and use of Additive Manufacturing (AM) technologies. The main purpose of the study is to build a new approach to management, based on the implementation of new AM technologies and good practice. This paper uses the detailed literature studies and results from the empirical research of some 250 Polish manufacturing enterprises; this material contains a sample thereof, processed into a new approach. The major contributions of the work are as follows: (1) identification of current management areas in which manufacturing companies focus their activities, in the context of Industry 4.0, (2) the establishment of the correlation between gaining a competitive advantage and implementing AM technologies in the context of Industry 4.0, (3) Defining the so-called AM4.0CARD as a new management approach, based on AM technologies and the requirements of Industry 4.0. Managers of manufacturing enterprises, thanks to the use of the proposed approach, may take a strategic decision, regarding the implementation of AM technologies, due to the possibility of forecasting the impact of such an investment on the improvement of the company's competitive advantage.

scholarly journals The Role of Environmental Regulation and Technological Innovation in the Employment of Manufacturing Enterprises: Evidence from China

2019 ◽  
Vol 11 (10) ◽  
pp. 2982 ◽  
Author(s):  
Die Li ◽  
Jinsheng Zhu
Keyword(s):  
Environmental Regulation ◽  
Technological Innovation ◽  
Innovation System ◽  
Theoretical Framework ◽  
Moderating Effect ◽  
Manufacturing Companies ◽  
Manufacturing Enterprises ◽  
Green Development ◽  
Stable Employment ◽  
The Impact

With the increasingly severe emission reduction pressures, it is an inevitable choice for China to improve the intensity of environmental regulation. At the same time, the impact of technological innovation on enterprise employment may lead to some new changes under the environmental regulation constraints. However, existing studies have not included environmental regulation into the theoretical framework of technological innovation and enterprise employment, nor has the influencing mechanism of environmental regulation and technological innovation in the employment of manufacturing enterprises been explored. This paper uses the panel data of listed manufacturing companies in the A-share market of Shanghai and Shenzhen from 2011 to 2017 to examine the impact of environmental regulation and technological innovation on the employment of manufacturing enterprises, and explore their influence mechanisms in a theoretical framework based the moderating effect model. The findings demonstrate the following: First, the technological innovation has a positive creative effect on enterprise employment. Second, the impact of environmental regulation on enterprise employment is significantly positive. Third, environmental regulation has a negative moderating effect on the impact of technological innovation on enterprise employment. Finally, the impacts of both environmental regulation and technological innovation on the employment of manufacturing enterprises are heterogeneous across enterprises due to differences in ownership structure, the degree of pollution, and technical density. Therefore, faced with the objective reality that environmental carrying capacity has reached or approached the upper limit, China needs to formulate a differentiated and diversified technological innovation system and environmental protection policy, improve the environmental innovation level of manufacturing enterprises, and form a green development model, which is of great significance for achieving high-quality development and stable employment.

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