scholarly journals The Effect of Corporate Water Disclosure on Financial Performance

2021 ◽  
Vol 943 (1) ◽  
pp. 012035
Author(s):  
Inaliah Mohd Ali ◽  
Norhayati Mat Husin ◽  
Bakhtiar Alrazi
Keyword(s):  
Financial Performance ◽  
Information Disclosure ◽  
Electric Utilities ◽  
Water Efficiency ◽  
Global Risk ◽  
The Sustainable Development ◽  
Related Information ◽  
Earnings Per Share ◽  
Market Capitalisation ◽  
The Impact

Abstract Natural resources crises specifically the water crises are listed in the top ten global risk in 2021. Water demand and withdrawal increase as the population rise. To mitigate water scarcity, companies disclose more on water related information as an engagement to achieve the Sustainable Development Goal (SDG). Motivated towards exploring the impact of corporate water disclosures, this study aims to examine effect corporate water disclosures for five years to financial performance of the sample companies. The sample companies are the electric utilities companies that listed as the top 50 market capitalisation in the sector. The water related information disclosure in this study include resource reduction policy, policy of water efficiency policy of environmental supply chain, target water efficiency and environmental management team. This study found that corporate water information disclosures including resource reduction policy and policy of water efficiency) have positive significant relationship on earnings per share (EPS). However, the target water efficiency is negatively significant with EPS which explain the behaviour of electric utilities companies all this while.

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 Does CSR Influence Firm Performance Indicators? Evidence from Chinese Pharmaceutical Enterprises

2019 ◽  
Vol 11 (20) ◽  
pp. 5656 ◽  
Author(s):  
Minghui Yang ◽  
Paulo Bento ◽  
Ahsan Akbar
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Financial Indicators ◽  
Social Dimensions ◽  
Return On Assets ◽  
Environmental Aspect ◽  
Return On Equity ◽  
Earnings Per Share ◽  
Corporate Social ◽  
The Impact

This research is carried out in the backdrop of increasing product quality and environmental degradation scandals associated with Chinese Pharmaceuticals in recent years. We examined the data of 125 Chinese Pharmaceuticals between 2010–2016 to investigate the impact of overall corporate social responsibility (CSR) performance as well as the performance on five unique aspects of CSR such as shareholders, employees, customers and suppliers, environmental practices, and the society to gauge the impact of these individual dimensions on the firm’s financial performance. The Hexun rating system is used to gauge a firm’s CSR performance on various stakeholder dimensions as it is one of the widely accepted CSR measurement criteria in China. The firm performance is measured by Tobin’s Q, return on assets (ROA), return on equity (ROE), and earnings per share (EPS) ratios. The outcome of the panel-based regression models reveals that the overall CSR score has a positive and significant influence on a firm’s financial indicators. Moreover, although all the CSR dimensions relate positively to firm performance, the environmental aspect of CSR has the most profound impact on firm performance followed by customers and suppliers, and employees. However, the shareholders and social dimensions have a relatively lesser influence on firm performance. These results imply that Chinese Pharmaceuticals shall further optimize each aspect of CSR performance as it can not only create a favorable brand image for various stakeholders but also results in sustainable financial performance.

scholarly journals The Impact of Corporate Social Responsibility on the Company’s Financial Performance

2021 ◽  
Vol 15 (4) ◽  
pp. 18-35
Author(s):  
Anastasiya Potapova ◽  
Zhen Wang ◽  
Alina Steblyanskaya
Keyword(s):  
Financial Performance ◽  
Information Disclosure ◽  
Rating Scale ◽  
Analytical Models ◽  
Substantial Impact ◽  
Market Capitalization ◽  
Cultural Aspects ◽  
The Board Of Directors ◽  
High Level ◽  
The Impact

This article empirically evaluates the impact of CSR behaviour on the financial indicators of 286 companies from Brazil, Russia, India, and China over six years from 2013 to 2018. Company information and CSR ratings were retrieved from the Bloomberg and RobetaSAM databases, and hypotheses were proposed based on a literature review. We constructedvarious analytical models that differ in dependent variables to better evaluate of distinct CSR metrics through different regression methods. Analyzed factors include: (1) the presence of women on the board; (2) the presence of a company in CSR ratings, and (3) various cultural aspects of the society where companies operate. Our results support the conclusions of related research in this field of study. Among other consequences, our analysis indicates that CSR significantly influences financial performance, although this is also contingent on external factors. A company’s presence in the CSR rating scale has a more substantial impact on profitability and market capitalization indicatorsthan the actual score itself. CSR information disclosure has some effect on ROA and ROE, and the presence of women in the board of Directors showed a slight positive effect on market capitalization. Further, a high level of ‘power distance’ (i.e. the ostensible alienation of the general citizenry from political authority sources) in the society where company operatesharms the relationship between the rating score and financial performance.

scholarly journals Environmental regulation and financial performance of Chinese listed companies

PLoS ONE ◽  
2020 ◽  
Vol 15 (12) ◽  
pp. e0244083
Author(s):  
Bing Zhou ◽  
Jing Wu ◽  
Sidai Guo ◽  
Mingxia Hu ◽  
Jing Wang
Keyword(s):  
Financial Performance ◽  
Environmental Regulations ◽  
Random Effect ◽  
Inhibitory Effect ◽  
Eastern Region ◽  
The Sustainable Development ◽  
Chinese Listed Companies ◽  
And Performance ◽  
The Impact

Objective The answer to this article lies in: Does the financial activities of physical enterprises have an adverse impact on their main business? Is it conducive to the sustainable development of the national economy? However, when most scholars study the impact of environmental regulations on companies performance, they have not classified companies performance. This article will study the relationship between environmental regulations and performance levels based on the classification of companies performance, and then divide the nature of industry pollution, companies location and nature of property for in-depth research. Methods First, this article uses a random effect variable-intercept model to measure companies financial performance and non-financial performance. Then, the variables are divided into two variable groups: light pollution and heavy pollution according to the nature of industry pollution. Next, the companies are divided into three variable groups: the eastern region, the central region, and the western region. Finally, the company is divided into two variable groups: state-owned and non-state-owned according to the nature of property. Conclusions The study found that: (1) Environmental regulations have inhibited companies financial activities. And the inhibitory effect of environmental regulations on the financial performance of enterprises is more obvious in the heavily polluting industries and enterprises in central and eastern regions. (2) Environmental regulations and companies non-financial performance are also negatively related, environmental regulations have also inhibited the non-financial performance of companies, this effect is more pronounced in heavily polluting industries and enterprises in western regions. (3) Income crowding effect brought by China's environmental regulations is greater than the income compensation effect brought by stimulating technological innovation.

scholarly journals The Impact of Capital Structure on the Financial Performance of the Jordanian Industrial Companies Listed on the Amman Stock Exchange for the Period 2012-2015

2018 ◽  
Vol 9 (2) ◽  
pp. 369
Author(s):  
Shireen Mahmoud AlAli
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Stock Exchange ◽  
Return On Assets ◽  
Return On Equity ◽  
Industrial Companies ◽  
Earnings Per Share ◽  
Amman Stock Exchange ◽  
The Impact ◽  
The Capital Structure

The purpose of this study was to identify the effect of the capital structure as a percentage of total liabilities to total assets on the financial performance of the Jordanian industrial companies listed on the Amman Stock Exchange for the period 2012-2015.The study population included all the Jordanian general industrial companies listed on the Amman Stock Exchange. The sample of the study included 10 industrial companies listed on the Amman Stock Exchange. The linear regression analysis was used to test the relationship between variables using the ordinary least squares method (OLS).The results showed that there is a positive significant impact on the capital structure of the industrial shareholding companies listed in the Amman Stock Exchange as measured by the ratio of equity to total assets, return on equity and return on assets and net earnings per share as an indicator of financial performance.The results also showed a negative significant impact on the capital structure of industrial shareholding companies listed on the Amman Stock Exchange as measured by total liabilities to total assets, return on equity and return on assets as an indicator of financial performance, and net earnings per share as an indicator of the financial performance indicators.

scholarly journals The Impact of Reputation on Corporate Financial Performance: Median Regression Approach

2017 ◽  
Vol 8 (2) ◽  
pp. 40-58 ◽  
Author(s):  
Silvija Vig ◽  
Ksenija Dumičić ◽  
Igor Klopotan
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Corporate Reputation ◽  
Business Strategy ◽  
Financial Stability ◽  
Critical Issue ◽  
Global Risk ◽  
Business Executives ◽  
Reputation Risk ◽  
The Impact

Abstract Background: In recent years, reputation has become an important risk concern for companies around the world. Deloitte Global Survey highlights the reputation risk as the top strategic business risk in 2014. This is also proven by a research conducted by AON Global Risk Management Survey in 2015 and Allianz Risk Barometer Survey in 2016 which finds a loss of reputation as one of the biggest risks for business executives. Furthermore, the importance of reputation is confirmed by the fact that reputation accounts for more than 25 percent of a company’s market value and the total market capitalization of the S&P500 companies. Objectives: To investigates the relationship between corporate reputation and financial performance. Methods/Approach: The survey of the paper was conducted in 2015 in Croatia. The questionnaire for assessing corporate reputation contained three reputational dimensions: products and services, corporate integrity, and organizational performance while the financial dimensions contained indicators of EVA, ROCE, ROA, ROE and the financial stability coefficient. Hierarchical regression methods were applied in the analysis. Results: This research leads to the conclusion that some dimensions of corporate reputation can be important predictors of financial performance. Conclusions: Results of the research could be a valid motivation for business executives to consider reputation risk as a critical issue of corporate business strategy.

scholarly journals The Impact of Carbon Disclosure on Financial Performance under Low Carbon Constraints

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4126
Author(s):  
Wenting Lu ◽  
Naiping Zhu ◽  
Jing Zhang
Keyword(s):  
Financial Performance ◽  
Positive Impact ◽  
National Policy ◽  
Fortune 500 ◽  
Policy Recommendations ◽  
Low Carbon ◽  
The Sustainable Development ◽  
Current Period ◽  
Fortune 500 Companies ◽  
The Impact

In the context of low-carbon constrained development, in order to avoid the risk brought by climate change, more and more companies choose to disclose carbon information, respond to the national policy of carbon emission reduction and focus on the sustainable development of enterprises. This paper will investigate the impact of carbon disclosure on financial performance based on the 2011–2018 CDP report, taking the Fortune 500 companies as a sample. The study finds that for carbon-intensive industries, carbon disclosure cannot significantly contribute to the improvement of financial performance in the current period, but for carbon-non-intensive industries, carbon disclosure can significantly contribute to the improvement of financial performance in the current period, and the positive impact of carbon disclosure on financial performance in the current period can be extended to the next period. Finally, based on the findings of the empirical study, this paper puts forward policy recommendations for the construction of China’s carbon disclosure system.

scholarly journals The Impact of Capital and Deposit on Financial Performance of Commercial Banks in Nepal

2021 ◽  
Vol 4 (i) ◽  
Keyword(s):  
Financial Performance ◽  
Commercial Banks ◽  
Fiscal Year ◽  
Bank Capital ◽  
Positive Relation ◽  
Positive Effects ◽  
Earnings Per Share ◽  
Low Degree ◽  
Net Profit ◽  
The Impact

Purpose of this study is to measure characteristics of core capital ratio, bank capital, deposit, net profit after tax, and earnings per share and their separate relationship and measure the individual impact of core capital ratio, bank capital, and deposit on financial performance i.e., net profit after tax (NPAT) and earnings per share (EPS). Descriptive, correlational, and casual comparative research design has been used in this study. This study analyzed secondary data of twenty-six commercial banks from fiscal year 2012/13 to 2018/19 out of twenty-seven. Descriptive statistics, correlation analysis, and regression analysis statistical tools were used in this study. According to its findings, earnings per share is highly dispersed in comparison to net profit after tax as well as core capital ratio than bank capital. There is high degree of positive relationship in between net profit after tax and deposit. Low degree of positive relation in NPAT and core capital ratio and moderate degree of positive relation in NPAT and Bank capital. Low degree of positive relation of EPS with deposit and low degree of inverse relation of EPS with core capital. Core capital ratio, bank capital, and deposit positive effects for increasing NPAT. Out of its, deposit highly effect. Deposit positive effects for increase on EPS. High contribution of deposit and core capital to increase net profit. The results of this study have relevance and probable generalizability about the impact of capital adequacy ratio and deposit to increase financial performance of commercial banks in Nepal. Keywords: NPAT, EPS, Capital, Deposit, Commercial banks

scholarly journals Environmental Information Disclosure and Financial Performance – Empirical Evidence from Heavily Polluting Industries in China

2021 ◽  
Vol 261 ◽  
pp. 04038
Author(s):  
Jianfei Shen ◽  
Yidan Chen
Keyword(s):  
Financial Performance ◽  
Information Disclosure ◽  
Multiple Regression Model ◽  
Environmental Information ◽  
Environmental Accounting ◽  
Development Capacity ◽  
Current Asset ◽  
Environmental Information Disclosure ◽  
Asset Turnover ◽  
The Impact

Focusing on the quality of corporate environmental accounting information disclosure (EID), this paper attempts to explore the impact of financial performance on environmental information disclosure. We take listed companies in Chinese heavily polluting industries as the research object, and construct a multiple regression model for data analysis via SPSS. According to Chinese practice, we divide the financial indicators into four areas: solvency, operating capacity, profitability and development capacity, and select four indicators to represent them. The empirical results show that net working capital, current asset turnover and equity growth rate are positively correlated with EID, and return on total assets is negatively correlated with EID. This result means that the solvency, operating ability and development ability in financial performance can promote the improvement of EID, but profitability cannot.

scholarly journals Capital Structure and its Impact on Financial Performance in Insurance Companies of Nepal

2020 ◽  
Vol 13 (1) ◽  
pp. 89-106
Author(s):  
Bhupal Jaishi
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Negative Impact ◽  
General Structure ◽  
Insurance Companies ◽  
Debt Ratio ◽  
Return On Assets ◽  
Earnings Per Share ◽  
Total Debt ◽  
The Impact

The paper attempts to examine the relationship between capital structure and the financial performance of Nepalese insurance companies.  Return on assets and earnings per share are the dependent variables. Independent variables are total debt ratio, equity to total assets ratio, size, liquidity and tangibility.  This paper uses descriptive as well as causal-comparative research design to examine the general structure of capital structure and financial performance and their relationship. The data were collected from annual reports of listed insurance companies in Nepal. The study is based on 84 observations from 14 insurance companies of Nepal from 2013/14 to 2018/19. The regression models are estimated to test the effect on financial performance variables i.e. return on assets and earnings per share. The result shows that insurance companies having a high debt ratio have better financial performance. An increase in debt ratio and tangibility increase return on assets and an increase in equity, size and liquidity decrease return on assets in the industry. The impact of the debt ratio and tangibility on earning per share is positive and there is the negative impact of equity, size and liquid ratio on earning per share. The major conclusion of this study is that total debt ratio, equity to total assets ratio, leverage, size, liquidity and tangibility are the significant factors in determining the financial performance of Nepalese insurance companies. The insurance companies of Nepal interested to increase financial performance can increase their total debt ratio and tangible assets and decrease equity, firm size, and liquidity ratio.

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