scholarly journals The Relationship between Consolidated Financial Statement and Firm Performance

2016 ◽  
Keyword(s):  
Firm Performance ◽  
Financial Statement ◽  
Consolidated Financial Statement ◽  
The Relationship

scholarly journals Audit committees and insider trading at U.S. banks

2011 ◽  
Vol 8 (2, Special issue) ◽  
pp. 14-31
Author(s):  
Brian Bolton
Keyword(s):  
Firm Performance ◽  
Insider Trading ◽  
Commercial Banks ◽  
Audit Committee ◽  
Financial Statement ◽  
Audit Committees ◽  
Loan Loss ◽  
Financial Problems ◽  
Financial Condition ◽  
The Relationship

This paper studies the relationship between insider stock trades by audit committee members and financial concerns at U.S. banks during the 2000s. We initially show that banks with large amounts of discretionary loan loss accruals experience larger stock sales by audit committee members. These stock sales are then associated with banks experiencing subsequent financial problems, measured by firm performance, restatements, and the likelihood of receiving TARP assistance in 2008 and 2009. This suggests that legal insider trading by audit committee members can provide information about a bank’s financial condition and financial statement quality. While this study is focused on commercial banks, the results likely apply to larger samples and to trading by other classes of insiders.

THE EFFECT OF TRADE RECEIVABLES ON THE LIQUIDITY OF THE COMPANY PT. GRAHA TUMARIMA, CITY OF SUKABUMI

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Correlation Analysis ◽  
Hypothesis Testing ◽  
Sampling Technique ◽  
Strong Relationship ◽  
T Test ◽  
Financial Statement ◽  
Positive Meaning ◽  
The Relationship ◽  
Purposive Sample ◽  
Analysis Determination

This study examines the influence of receivables on liquidity at PT. Graha Tumarima. Sukabumi City for 5 years, with a sampling technique using a purposive sample in the form of financial statement data from 2010 to 2014 using a table of trade receivables and company liquidity. In this study, researchers refer to the theory of Bambang Riyanto (2008: 94) as the connecting theory of the title. This study aims to determine whether there is a relationship and influence between receivables and liquidity at PT. Graha Tumarima. The research design uses the method of exposing the facto, the method of data collection aims to test the hypothesis by using correlation analysis, determination, regression and hypothesis testing with t-test. The results of this study show the influence of receivables on liquidity is shown by the value of r = 0.888, meaning that receivables have a very strong relationship to liquidity. The nature of the relationship is positive, meaning that if the value of cooperative credit is higher the liquidity will be higher. Conversely, if the value of receivables decreases, liquidity will decrease. The magnitude of the influence of receivables on liquidity is shown by the value of R Square / Determination Coefficient of 0.789 or 78.9% thus the receivables have an effect of 78.9% on cooperative liquidity. Hypothesis testing uses the t test, that t arithmetic = 3.347 while t table = 3.182 means t arithmetic> t table. Means that Ho is rejected and Ha is accepted. There is an influence between the receivables on liquidity at PT. Graha Tumarima, Sukabumi City

Moderating Effect of Access to Finance and Competitive Environment on Human Capital, Knowledge Management, Market Orientation and SMES Performance

2020 ◽  
Vol 11 (1) ◽  
pp. 105-105
Author(s):  
Mohd Noor Mohd Shariff ◽  
Khansa Masood ◽  
Halim Mad Lazim
Keyword(s):  
Human Capital ◽  
Knowledge Management ◽  
Firm Performance ◽  
Market Orientation ◽  
Competitive Environment ◽  
Leather Industry ◽  
Access To Finance ◽  
Economic Development And Growth ◽  
Dependent Variables ◽  
The Relationship

Small and medium enterprises (SMEs) are considered as foundation stones of economic development and growth of any economy (Centobelli, Cerchione, & Esposito, 2019). Performance of SMEs is of fundamental significance for all developed as well as developing nations. Similarly, Pakistan is no exception to aforementioned fact. The economic development and growth of Pakistan depend on the performance of SMEs to a great extent. Like, most countries in the world, SMEs comprise more than 90% of total business entities in Pakistan (Degong et al., 2018; Waqas & Nawaz, 2019) and leather industry in one that is attracted by the researchers of present study. Constraints in the growth of leather industry of Pakistan include, lack of skilled human capital, rising cost of production, lack of modern-day knowledge about new products and processes, low profitability and lack of capability to penetrate into international markets, lack of market research, access to finance, intensive competitive rivalry (Khalique et al., 2011; Daily Times, 2016, Awan et al., 2019). Few studies have revealed mixed findings regarding the relationship between knowledge management and firm performance and there is abundance of literature that demonstrates the presence of significant and positive relationship between Market Orientation and Firm performance (Slater & Narver , 1995; Baker & Sinkula, 2009; Udriyah, Tham, & Azam, 2019). On the other hand, some studies have argued that there is no direct and significant relationship between Market Orientation and Firm Performance (Polat & Mutlu, 2012; Shehu & Mahmood, 2014). Moreover, keeping in view the mixed and inconclusive findings regarding the relationship between cause and effect variables, it is appropriate to introduce moderating variables that can significantly influence the relationship between independent and dependent variables as recommended by Baron and Kenny (1986). Access to Finance and Competitive Environment can be served as prospective moderators which are quite appropriately related to proposed variables of the study (Prajogo & Oke, 2016; Rogo et al., 2016; Jaworski & Kohli, 1993) which are quite appropriately related to selected variables of the study. Thus, the research problem expressed that "Access to finance and competitive environment can potentially moderates and affect the relationship between independent and dependent variables. Hence, based on the past literature and aforementioned discussion, the present study intended to examine the moderating effects of Access to Finance and Competitive Environment on the Relationship between Human Capital, Knowledge Management, Market Orientation and SMEs Performance in Leather Industry of Pakistan". Keywords: Small medium enterprise, performance, access to finance, competitive environment

Corporate Social Responsibility and Financial Reporting Quality:Evidence from Restatements

2020 ◽  
Author(s):  
Yi-Hung Lin ◽  
Hua-Wei (Solomon) Huang ◽  
Mark E. Riley ◽  
Chih-Chen Lee
Keyword(s):  
Financial Reporting ◽  
Negative Relationship ◽  
Reporting Quality ◽  
Financial Statements ◽  
Financial Statement ◽  
Financial Reporting Quality ◽  
Csr Reporting ◽  
Corporate Social ◽  
Reporting Environment ◽  
The Relationship

We find a negative relationship between aggregate CSR scores and the probability that firms restated financial statements over the period 1991-2012. We then break that period into three sub-periods in order to determine whether the relationship holds for all three sub-periods. During the sub-periods of 1991-2001 and 2002-2005, the negative CSR score - restatement probability relationship holds. The negative relationship disappears in the 2006-2012 sub-period. Additional analyses indicate CSR scores are significantly higher in the 2006-2012 sub-period, suggesting the disappearance of the relationship between aggregate CSR scores and financial statement quality may relate to changes in CSR assessments and the CSR reporting environment. Our findings update the literature linking CSR scores and financial reporting quality and identify the need for further research as to the reasons the link between these constructs disappeared.

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