Is the Employment Function Structurally Unstable? An Empirical Test: Italian Manufacturing Industry, 1970?1984

Labour ◽  
1991 ◽  
Vol 5 (1) ◽  
pp. 175-214
Author(s):  
Stefano Fachin
Keyword(s):  
Manufacturing Industry ◽  
Empirical Test

scholarly journals KAJIAN EMPIRIS TERHADAP STRUKTUR MODAL PERUSAHAAN DI INDUSTRI MANUFAKTUR.

2020 ◽  
Vol 5 (2) ◽  
pp. 27-36
Author(s):  
Dwi Astutik ◽  
Hesti Ristanto ◽  
Hani Krisnawati
Keyword(s):  
Capital Structure ◽  
Manufacturing Industry ◽  
Empirical Test ◽  
Investment Decision ◽  
Order Theory ◽  
Pecking Order ◽  
Pecking Order Theory ◽  
Investment Decision Making ◽  
Combination Of Methods ◽  
Managerial Level

Tujuan dari penelitian ini adalah melakukan pengujiann empiris mengenai pengaruh antara profitabilitas dan likuiditas terhadap struktur modal. Objek penelitian dilakukan pada perusahaan-perusahaan yang telah go public dan termasuk dalam industri Manufaktur. Pengambilan data menggunakan penggabungan metode by firm dan by years, dan diperoleh 589 data. Hasil pengujian membuktikan bahwa secara parsial,profitabilitas dan likuiditas berpengaruh negatip dan signifikan terhadap struktur modal. Saran yang dapat direkomendasikan bagi para akademisi dapat dijadikan acuan sebagai pengembangan pengujian terhadap pecking order theory. Bagi para pihak yang ada di jajaran manajerial perusahaan, menjadi rambu-rambu dalam pengambilan keputusan dalam menyusun struktur modalnya. Bagi calon investor dan investor, hasil penelitian ini dapat dijadikan sebagai salah satu bahan pertimbangan dari aspek fundamental dalam pengambilan keputusan investasi.   The purpose of this study is to conduct an empirical test of the effect between profitability and liquidity on capital structure. The object of research is conducted on companies that have gone public and are included in the Manufacturing industry. Retrieval of data using a combination of methods by firm and by years, and obtained 589 data. The test results prove that partially, profitability and liquidity have a negative and significant effect on capital structure. Suggestions that can be recommended for academics can be used as a reference as the development of testing of pecking order theory. For the parties in the managerial level of the company, they become the guidelines in making decisions in preparing their capital structure. For potential investors and investors, the results of this study can be used as a material consideration from the fundamental aspects of investment decision making.

A reconsideration of operating-financial leverage tradeoff hypothesis

2018 ◽  
Vol 10 (4) ◽  
pp. 473-483 ◽  
Author(s):  
Michael T. Dugan ◽  
Simon K. Medcalfe ◽  
Sang Hyun Park
Keyword(s):  
Design Methodology ◽  
Manufacturing Industry ◽  
Empirical Test ◽  
Empirical Testing ◽  
Switching Regression ◽  
Financial Leverage ◽  
Content Type ◽  
Academic Researchers ◽  
Operating Leverage ◽  
The Impact

Purpose This paper aims to attempt to perform a test of the operating leverage-financial leverage tradeoff hypothesis that is more methodologically consistent with the logical framing of the hypothesis appearing in the Mandelker and Rhee (1984) paper. Design/methodology/approach The paper uses a sample of firms from the manufacturing industry to estimate their degree of operating leverage and degree of financial leverage coefficients. The switching regression methodology is then used to perform the empirical test of the tradeoff hypothesis. Findings The results suggest that firms tradeoff their operating and financial leverage during good economic times, but do not engage in the tradeoff behavior during recessionary times. Originality/value This paper refines the empirical testing of the tradeoff hypothesis using the innovative switching regression methodology. The paper also has important implications for the impact of firms’ risk on the capital markets as well as the economy as a whole, and for academic researchers in financial economics examining the relationships between operating and financial leverage and various firm-specific variables.

scholarly journals Research on the Impact of FDI in Producer Services on Carbon Emissions

2020 ◽  
Vol 206 ◽  
pp. 01002
Author(s):  
Danlei Yang
Keyword(s):  
Multinational Corporations ◽  
Carbon Emissions ◽  
Manufacturing Industry ◽  
Empirical Test ◽  
Producer Services ◽  
Fe Method ◽  
Manufacturing Enterprises ◽  
Input Structure ◽  
Management Ability ◽  
The Impact

Under the background of global warming, how to reduce carbon emissions and realize green and sustainable development in China is worth exploring. Firstly, this paper makes theoretical analysis, and considers that FDI in producer services can reduce the carbon emission of manufacturing industry by optimizing the input structure of manufacturing industry, improving the productivity and technical level, and enhancing the management ability and resource allocation ability of manufacturing enterprises. Then, using the panel data of China’s industries from 2004 to 2014, this paper uses two-way FE method to carry out empirical test, and finds that the increase of FDI in producer services can significantly reduce carbon emissions. Therefore, it is necessary to actively guide multinational corporations to invest in China’s producer services industry, to promote green and sustainable economic development.

scholarly journals Impact of overall equipment effectiveness on return on investment in the Nigerian cement manufacturing industry

2021 ◽  
Vol 2 (1) ◽  
pp. 87-94
Author(s):  
Ugbomhe O. Ugbomhe ◽  
◽  
Ebomah Ernest Monday ◽  
Keyword(s):  
Return On Investment ◽  
Manufacturing Industry ◽  
Empirical Test ◽  
Ordinary Least Squares ◽  
Least Squares Regression ◽  
Ex Post ◽  
Formidable Challenge ◽  
Cement Manufacturing ◽  
Key Indicators ◽  
The Impact

The formidable challenge of maintenance of heavy duty equipment for the day-to-day manufacturing activities informed this research investigation. The study examined the impact of overall equipment effectiveness on return on investment in the Nigerian cement manufacturing industry. It focused on the key indicators of overall equipment effectiveness and their impact on return on investment. Ex-post facto research design was adopted in conducting the empirical investigation. The firms in the industry quoted in the Nigeria Stock Exchange (NSE) were studied. Longitudinal data of 15 years observation (2005-2019) were obtained and analyzed with ordinary least squares regression (system-OLS). The key indicators of overall equipment effectiveness subjected to empirical test proved positively significant to return on investment at the Coefficient values a1, a2 & a3 > 0; Prob.-values a1, a2, & a3 < 0.05 and t-Statistic values a1, a2, & a3 absolutely ≥ 2. These analysis results suggested that machine availability rate (MAR), machine production rate (MPR), product quality rate (PQR) variables of overall equipment effectiveness have significant linear effect on ROI. Based on these results, the study therefore recommends among others for top management’s support and commitment to proactive and continuous improvement production facilities maintenance for improved overall equipment effectiveness and sustainable corporate performance of firms in the industry.

Innovation capabilities in the food processing industry in Brazil

2019 ◽  
Vol 121 (11) ◽  
pp. 2901-2918 ◽  
Author(s):  
Carlos Alberto Oliveira Oliveira ◽  
Estevao Passuello Ruffoni ◽  
Antonio Carlos Gastaud Maçada ◽  
Ântonio Domingos Padula
Keyword(s):  
Manufacturing Industry ◽  
Social Impact ◽  
Technology Development ◽  
Empirical Test ◽  
Innovation Performance ◽  
Content Type ◽  
Management Capability ◽  
Strategic Role ◽  
The Relationship ◽  
Development Capability

Purpose The purpose of this paper is to analyze the innovation performance of food companies from Brazil with regards to four innovation capabilities. Design/methodology/approach A research study was carried out on a sample of 120 Brazilian food companies. A conceptual framework of innovation capability was adopted to estimate the relationship between development capability, operations capability, management capability, transaction capability and the innovation performance of food companies. The empirical test was made with partial least squares analysis. Findings Results revealed that development capability and transaction capability have a substantive impact on the innovative performance of firms, while the findings indicated neither operations capability nor management capability was significantly related to the innovation performance of firms. Practical implications If innovations are considered one of the major sources of profitability for the firm, the findings of this study indicate ways to improve food companies in this issue. According to the results, efforts directed to technology development capability and transaction capability can significantly impact for the innovation performance. Originality/value Considering the overall manufacturing industry from Brazil, the food industry represents the biggest in economic and social impact for the nation. This quantitative empirical study fills an important gap in research by discussing innovation in an industry with a strategic role in the development of the country and to attend the global demand by food.

scholarly journals Membangun Perencanaan dan Kinerja Tim: Analisis Pengaruh Efikasi Kolektif dan Iklim Kecerdasan Emosional

2021 ◽  
Vol 7 (2) ◽  
pp. 191-205
Author(s):  
Dewiana Novitasari ◽  
Dhaniel Hutagalung ◽  
Nelson Silitonga ◽  
Muhammad Johan ◽  
Masduki Asbari
Keyword(s):  
Emotional Intelligence ◽  
Collective Efficacy ◽  
Team Performance ◽  
Manufacturing Industry ◽  
Cognitive Theory ◽  
Empirical Test ◽  
Research Report ◽  
Open Problems ◽  
Team Planning ◽  
Managerial Implications

This study postulates team characteristics and environmental factors as the main drivers of team performance. In the proposed model of this study, team performance is positively and significantly affected by collective efficacy and emotional intelligence climate. Likewise, team planning has a positive and significant effect on team performance. Data werecollected from 103 of sales/marketing employees of a manufacturing industry in Indonesia by random sampling. Data were analyzed using SEM method with SmartPLS 3.0 software. The results of this study indicated that collective efficacy and emotional intelligence climate have a positive and significant effect on team planning and team performance. Likewise, team planning has a positive and significant effect on team performance. Moreover, the empirical test of this study, by investigating sales/marketing employees working in the Indonesian manufacturing industry, complements the application of social cognitive theory in understanding team performance. Finally, the managerial implications of team performance and future open problems are discussed at the end of the research report.

scholarly journals Pengaruh Keputusan Investasi Dan Keputusan Deviden Terhadap External Financing Needs Dengan Variabel Moderating Profitability Pada Perusahaan Manufaktur Yang Go Public di Bursa Efek Jakarta

2008 ◽  
Vol 4 (4) ◽  
Author(s):  
Farsyan Wathan
Keyword(s):  
Manufacturing Industry ◽  
Stock Exchange ◽  
Empirical Test ◽  
Investment Decision ◽  
Investment Decisions ◽  
Least Square ◽  
External Financing ◽  
Moderating Variables ◽  
Decision Variables ◽  
Public Company

Manufacturing industry in doing the business operation is determined by the factors, i.e. investment work, dividend work, profitability, and external financing, so it can be known the operational work from the companies. Problem formulas in this research are: (1) whatever the investment decisions and dividend decisions influence significantly towards profitability, (2) whatever the investment decisions and dividend decisions influence significantly towards External Financing Needs and (3) whatever the profitability influences significantly towards External Financing Needs. This research design uses descriptive methods which will observe the company external fund needs, if it happens the value variations in investment decisions and dividend decisions with the profitability moderating variables in an empiric-linear relationship pattern.             The research object is the company in manufacturing industry fields for the periods of 2002-2004 by the data in financing report forms from the prepared company by Jakarta Stock Exchange (Bursa Efek Jakarta). The used variables consist of 3, i.e.  bound variables (Y) which contain Debt to Total Assets (Y1) and Debt To Equity (Y2), free variables (X) which contain Investment Decisions (X1) and Dividend Policy (X2), and also moderating variables (Z) are Profitability that consists of Margin Profit Net indicator (on Sales) (Z1), Return on Equity (Z2), and Return on Investment (Z3). The empirical test which is used in this research isPartial Least Square (PLS).             The data results empirically show that: (1) investment decision variables and dividend decisions do not influence significantly towards profitability in  go- public company in Jakarta Stock Exchange (Bursa Efek Jakarta), with t-calculation is smaller than t table = 1.99. (2) investment decision variables influence significantly towards External Financing with the value of t-calculation is 8.460 is bigger than t table = 1.99. (3) dividend decisions do not influence significantly towards External Financing in go-public company in Jakarta Stock Exchange (Bursa Efek Jakarta), and (4) profitability variables influence significantly towards External Financing in go-public company in Jakarta Stock Exchange (Bursa Efek Jakarta), with the value of t statistic of profitability direction towards External Fianancing in the value of 3.058 > t table = 1.99. Keywords: investment decisions, dividend decisions, profitability, external    financing needs.

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