scholarly journals Effect of Economic Variables on the Financial Performance of Listed Firms Manufacturing Consumers Goods in Nigeria

2021 ◽  
Vol 9 (6) ◽  
pp. 1235-1246
Author(s):  
Idaka Sunday Egbe ◽  
Ugwoke Robinson Onuora ◽  
Ajuh Ali Iteh ◽  
Edith O. Onyeanu
Keyword(s):  
Financial Performance ◽  
Economic Variables ◽  
Listed Firms

scholarly journals CSR Committees and Their Effect on ESG Performance in UK, France, Germany, and Spain

2019 ◽  
Vol 11 (18) ◽  
pp. 5077 ◽  
Author(s):  
Elisa Baraibar-Diez ◽  
María D. Odriozola
Keyword(s):  
Financial Performance ◽  
Reporting Quality ◽  
Panel Data Models ◽  
Listed Firms ◽  
Independent Variables ◽  
Social Governance ◽  
Multidisciplinary Nature ◽  
Governance Models ◽  
The Uk ◽  
Corporate Social

The multidisciplinary nature of a corporate social responsibility (CSR) committee reflects the commitment as well as the expectations and demands of diverse stakeholders. So far, CSR committees have been mainly considered as variables of control in larger corporate governance models and independent variables that determine CSR or environmental, social, and governance (ESG) disclosure and its reporting quality. However, the effect on corporate performance has been biased to financial performance, so the potential of the analysis of the effect it may have on different facets of non-financial performance has not been exploited. Which it should, since it can be a fundamental tool to achieve sustainability. The objective of this contribution is to test whether companies with a CSR committee not only leads to higher economic scores, but also to higher ESG (environmental, social, governance) scores. To do this, we used regression panel data models in 197 listed firms in Spain, France, Germany, and the UK during the period 2005–2015 including the perspective of European organizations and completing the extant studies in US-based samples. Our results showed that 90% of companies in the sample had a CSR committee in 2014, and that those companies had significantly different ESG scores than those without a CSR committee. Having a CSR committee also triggered better non-financial performance when considering the four scores and the four countries independently (except for the economic scores in Spain). These results have great implications for practitioners, reflecting the importance of promoting these tools in an organization to enhance non-financial performance and sustainability.

Is Strategic Planning Worth the Effort? A Study of Firm Performance Versus Planning Comprehensiveness in Australia

2000 ◽  
Vol 6 (1) ◽  
pp. 1-13 ◽  
Author(s):  
Peter Devenish ◽  
Tom Fisher
Keyword(s):  
Strategic Planning ◽  
Financial Performance ◽  
Statistical Tests ◽  
The United States ◽  
Negative Finding ◽  
Positive Correlation ◽  
Listed Firms ◽  
The United Kingdom ◽  
Weak Positive Correlation ◽  
Positive Correlations

AbstractThe planning-performance literature suggests that there is a weak positive correlation between strategic planning and financial performance. This study has been undertaken to determine whether this weak positive correlation is true for Australian firms.Strategic planning for the purposes of this study is arranged in three levels of planning complexity. A sample of 77 listed firms was surveyed to determine their level of planning complexity, and this was correlated with the firm's financial performance over a three year period.A range of statistical tests did not reveal any significant correlation between strategic planning at any of the three levels and the financial performance of the firm. This negative finding is generally in line with other recent studies conducted in Australia, the United States and the United Kingdom.However, positive correlations were found with several subjective performance measures, suggesting that respondents generally believe that strategic planning is helping their company.

scholarly journals Performance, corporate governance and new regulation

2017 ◽  
Vol 9 (18) ◽  
Author(s):  
Heriberto García
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Financial Market ◽  
Information Disclosure ◽  
Potential Growth ◽  
Listed Firms ◽  
Risk Return ◽  
Corporate Governance Code ◽  
Governance Practices ◽  
The Relationship

Abstract. After the adoption of the Corporate Governance Code (Code) in Mexico, many companies increased financial performance and the leveraged during the following five years; we investigated the effect of how those firms improved the corporate governance practices and how was translated into better risk return company. We analyzed how and where better corporate governance practices affects performance and what was the relationship with Transparency, New Regulation and Governance Practices. Also we explored the gaps between transparency and information disclosure of Mexican Firms listed in U.S stockexchange and non U.S listed firms our findings were related to the potential growth of the Mexico Financial Market, Law and Finance.Keywords: corporate governance, financial performance, regulationResumen. Después de la adopción del Código de Gobierno Corporativo en México, algunas compañías incrementaron el desempeño financiero y el uso de deuda durante los siguientes cinco anos, nuestra investigación se enfoca en como dichas compañías mejoraron sus prácticas de gobierno corporativo y como estas prácticas se han traducido en un mejor relación de riesgo y rendimiento. En esta investigación exploramos cómo y en dónde mejores prácticas de gobierno corporativo afectan el desempeño y qué relación tiene con laTransparencia, Nuevas Regulaciones y prácticas de Gobierno Corporativo. Con lo anterior también identificamos aquellas compañías que cotizan fuera de México para identificar potenciales diferencias en dichas prácticas.Palabras clave: desempeño financiero, gobierno corporativo, regulación

scholarly journals Evaluating Financial Performance of Saudi Listed Firms: Using Statistical Failure Prediction Models

2019 ◽  
Vol 2 (1) ◽  
pp. 1-18
Author(s):  
Deena Saleh Merza Radhi ◽  
Adel Sarea
Keyword(s):  
Financial Performance ◽  
Prediction Models ◽  
Stock Exchange ◽  
Failure Prediction ◽  
Financial Decisions ◽  
Listed Firms ◽  
Industrial Companies ◽  
Statistical Relationships ◽  
The Given ◽  
Altman Model

The study aims to compare the classification power of three statistical failure prediction models for evaluating financial performance of Saudi Listed Firms. The study sample consisted of 122 listed industrial companies in the Saudi Stock Exchange for the period from 2014 to 2016. Altman model 1968, Kida model and Zmijewski are used as examples of statistical failure prediction models to evaluate the classification power of the given models to assess the financial performance of firms listed on Saudi Stock Exchange. The results showed that Zmijewski model was more powerful in predicting the financial performance of Saudi listed firms than Altman model (1986) and Kida model. The results showed that there are a statistical relationships between some ratios included in the three models and the financal performance of industrial companies, which was measured by EPS. The study recommended users of financial statements of Saudi listed companies to use Zmijewski ?model, which performs well in evaluating their finacial position to be used when making the ?financial decisions.

scholarly journals The Influence of Acquisitions on a Firm’s Performance within a Sector: An Application on Istanbul Stock Exchange

2014 ◽  
Author(s):  
İbrahim Halil Ekşi ◽  
Nasara Banu Güzel ◽  
Rabia Ecem Küçüktaşdurmaz
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Stock Exchange ◽  
Topsis Method ◽  
Listed Firms ◽  
Positive Effects ◽  
Istanbul Stock Exchange

In recent years it have seen a significant increase in the number of business mergers and acquisitions. There are number of reasons led to this trend. Amongst them it is the need to increase the firm financial performances. This paper mainly is focuses on other different effects of mergers and acquisitions on the financial performance of businesses. In this study, looking at Turkish stock exchange listed firms that have experienced acquisitions or mergers and the effects of such mergers on their performance. In this context, it be looked at textile firms and firms based on stone and land work that experienced acquisitions in 2010. The firms are Altinyildiz in textile and Çimbeton in the mining sectors respectively. Having look at the financial performances of these firms in their respective sectors before the acquisitions (2007, 2008, 2009), the acquisitionsin 2010, 9 rates were used the in TOPSIS method. According to findings, the acquisitioned firm’s show that they have positive effects on the financial performances of the firms. It is observed that there are differences in sectors’ period and degrees. In this case, it’s possible to explain the sectoral dynamics and acquisions of the firms’ integration.

scholarly journals Power Outages in Ghana: Did They Have an Effect on the Financial Performance of Listed Firms?

2018 ◽  
Vol 10 (3) ◽  
pp. 1434-1439
Author(s):  
Dinah Koranteng Anaman ◽  
Bawuah Bernard
Keyword(s):  
Growth Rate ◽  
Financial Performance ◽  
Quantitative Methods ◽  
Power Outages ◽  
Power Outage ◽  
Average Growth ◽  
Revenue Generation ◽  
Listed Firms ◽  
Negative Effect ◽  
Operational Expenditure

The paper seeks to find out whether the recent power outages in Ghana had a negative effect on listed firms.. Out of 35 listed firms in Ghana, 25 were purposively chosen as the sample size for the study. The research design was explanatory and employed quantitative methods that enabled comparison of six years trend analysis of firms’ performance – ‘before’ and ‘during’ power outage periods. Key performance indicators measured were Revenue, Profitability and Growth Rate. Findings were that power outages did not have effect on revenue generation of listed firms and that contrary, they recorded higher maximum revenues for power outage periods. Again, an average growth rate of 122.26% for periods of power outages as against 79.0% mean growth rate for periods of consistent power established that power outages did not have an effect on the growth rate of listed firms. However, power outages had an effect on listed firms’ profitability and more so, accounted for increases in operational expenditure. Our findings on revenue generation and growth rate are unique in literature but that on revenue generation confirms earlier studies. We conclude that the effect of power outages on financial performance of listed firms in Ghana is mixed. To investors, we still recommend Ghana as an investment destination since power outages that beset the country were well managed and did not, to a large extent, have a negative effect on firms’ performances.

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