scholarly journals Operation of the Irkutsk Branch of the Russian-Chinese Bank in 1898–1910

2020 ◽  
Author(s):  
Elena Plotnikova ◽  
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Regional Economy ◽  
Business Sector ◽  
Financial Indicators ◽  
Credit Institution ◽  
Local Branch ◽  
General Decline ◽  
The Moment ◽  
Quantitative Calculations

The article describes the work of the Irkutsk branch of the Russian-Chinese Bank from the moment of its formation to the further reorganization (1898–1910). The financial performance indicators of credit institution in the period from 1901 till 1907, as reflected in the inspection in November, 1908, are given. Examines the reasons for loss of the branch related to the General decline of the business sector of the regional economy. The article notes the moment when the Bank branch management changed. The article describes the prospects for the development of the Department in connection with the course taken for lending to coal-producing enterprises of the Irkutsk province. Some quantitative calculations are given that demonstrate the possibility of growth of financial indicators of the institution. The article records the concern of competing credit institutions about the development of the local branch of the Russian-Chinese Bank. In conclusion, the circumstances that hindered the prospects for the development of the Department, in connection with the event held in 1910, are given. Russian-Chinese and Northern banks merge, resulting in the formation of a new credit institution-the Russian-Asian Bank.

scholarly journals Internationalization Strategy and Financial Performance in Brazilian Firms

2011 ◽  
Vol 10 (3) ◽  
pp. 04-21
Author(s):  
Pedro Paulo Mendes Silva ◽  
João Maurício Gama Boaventura
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Negative Relationship ◽  
Multinational Companies ◽  
Foreign Direct Investments ◽  
Financial Indicators ◽  
Independent Variables ◽  
Modern Age ◽  
Internationalization Strategy ◽  
Probabilistic Sample

The internationalization of the firm and the appearance of multinational companies are not recent events. The first initiatives to realize businesses overseas and increase profits in this way date from the beginning from the Modern Age. For Brazilian companies in particular, this phenomenon has been gaining attention since the 1990s, with the commercial opening of the country. The objective of this study was to analyze the strategy of internationalization in Brazilian companies, in particular the case of publically traded companies with foreign direct investments greater than $10 million, and the relation with the financial performance of these companies. Through a quantitative study using the rate of variation of internationalization and financial performance, researchers developed an analysis of the relation between the process of internationalization and financial performance indicators in nine companies that make up the non-probabilistic sample of convenience. The results concluded that there is a weak positive correlation with financial indicators of growth; profitability metrics show a negative relationship in some of the independent variables.

scholarly journals Social Performance vs. Financial Performance

2013 ◽  
Vol 2 (2) ◽  
pp. 53-65 ◽  
Author(s):  
Ilker Yilmaz
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Annual Reports ◽  
Financial Indicators ◽  
Financial Position ◽  
Low Levels ◽  
Corporate Social ◽  
The Relationship

In recent decades, it is gaining more and more dominance in both academic and business life that the company exists for and has responsibilities toward a wider group of stakeholders and it must have some objectives other than profitability. To achieve sustainable development and growth, the companies must assume more duties, which is called the term “corporate social responsibility (CSR).” In the literature, it is questioned whether CSR activities benefit the company or not; whether there is any relationship exists between CSR activities and the company’s financial performance and the direction of the relationship. We aimedto explore that whether there is any effect corporate social performance (CSP) on financial performance and position and vice versa. We performed content analysis through annual reports and derived a social score composed of the items included in disclosure guidelines and some criteria used in CSR ratings. We also used several financial position and financial performance indicators. In order to explore the relationship between CSP and financial indicators, we run panel data regressions. We found significant results for some of the indicators, where some of the indicators gave insignificant results. The reporting of CSR activities is in very low levels. The conscious toward CSR and sustainability must be promoted and the companies must assume more active roles. The reporting of those activities is also important.

Analisis Kerentanan Keuangan Badan Layanan Umum Tahun 2012 - 2014

2017 ◽  
Vol 2 (1) ◽  
pp. 1-15
Author(s):  
Syahri Azda Putra ◽  
Muliadi Widjaja
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Financial Indicators ◽  
Financial Vulnerability ◽  
Logit Regression ◽  
Financial Conditions ◽  
Research Findings ◽  
Autonomous Agency ◽  
Periodic Evaluation

The aim of this study was to analyse financial vulnerability at the Semi Autonomous Agency (SAA) and to investigate its signs of vulnerability, whether SAA has a sound of financial conditions and to evaluate the performance of existing SAA. Based on the research findings of the 128 SAA, there were 13 SAA experiencing financial vulnerability. Variables which influence the financial vulnerability were EQUITY, ADMIN, and MARGIN. This research was conducted using a logit regression. The study recommends analysis of financial vulnerability as one of assessing criterion for measuring performance of SAA, which mainly use financial performance indicators, a part of financial indicators which already been used as promulgated in Treasury Regulation Number PER-36/NT/2012. In addition, other recommendation is to monitor intensively on SAA which experiencing financial vulnerability, and the need for periodic evaluation to measure the feasibility of SAA. The periodic evaluation can be done every two years, where definition mentioned that vulnerability in place when SAA experiencing financial vulnerability for two consecutive years. Abstrak Penelitian ini bertujuan untuk menganalisis kerentanan keuangan pada Badan Layanan Umum (BLU) dan tanda-tanda yang menunjukkan kerentanan keuangan tersebut, apakah benar-benar berkinerja baik serta untuk mengevaluasi kinerja BLU yang ada. Berdasarkan hasil pengujian kepada 128 BLU, terdapat 13 BLU yang mengalami kerentanan keuangan. Variabel yang berpengaruh terhadap kerentanan keuangan adalah EQUITY, ADMIN, dan MARGIN. Penelitian ini dilakukan dengan menggunakan metode regresi logit. Hasil studi ini merekomendasikan analisis kerentanan keuangan dimasukan sebagai salah satu cara dalam menilai kinerja BLU, terutama kinerja keuangan selain rasio keuangan yang telah digunakan saat ini dalam Perdirjen Perbendaharaan Nomor PER-36/PB/2012. Selain itu, rekomendasi berikutnya adalah melakukan monitoring yang intensif terhadap BLU yang mengalami kerentanan keuangan, dan perlu adanya evaluasi berkala untuk menentukan kelayakan suatu BLU. Evaluasi dapat dilakukan setiap dua tahun, sesuai dengan definisi kerentanan keuangan, yaitu mengalami kerentanan keuangan selama dua tahun berturut-turut.

scholarly journals Establishing a Set of Macroeconomic Factors Explaining Variation Over Time of Performance in Business Sectors

2016 ◽  
Vol 17 (2) ◽  
pp. 159-166 ◽  
Author(s):  
Audrius Dzikevičius ◽  
Svetlana Šaranda
Keyword(s):  
Financial Performance ◽  
Performance Indicators ◽  
Causal Link ◽  
Financial Indicators ◽  
Economic Activities ◽  
Macroeconomic Factors ◽  
Domestic Markets ◽  
Time Patterns ◽  
Business Sectors ◽  
Over Time

With increasing competitiveness of companies and business sectors in the domestic markets of Lithuania, economic units are frequently confronted with the lack of methods for more detailed analysis of external factors explaining the variation over time of corporate financial indicators. The analysis or forecasting of financial indicators is usually linked with the development of a stock market or undertaken to estimate the probability of bankruptcy. However, there is a lack of studies aimed at identifying links between macroeconomic factors and financial performance indicators and explaining their variation over time. To serve that purpose, the factors of the macroeconomic environment that are most significant for certain economic activities have been identified and analysed to enable explaining the variation over time patterns of corporate financial indicators. The analysis covers economic performance, i.e. financial performance indicators and their links with macroeconomic factors, in 89 business sectors of Lithuania at a three-digit level of NACE 2 ed. The findings of the research indicate that the unemployment level in the country, the volume of export and import and the GDP are the most important macroeconomic factors that can be used to forecast different profitability, financial leverage, liquidity and other financial performance indicators of individual business sectors or companies. The research has not unfolded any significant differences between business sectors therefore the above factors are considered generic macroeconomic factors enabling to explain financial performance indicators of the 89 business sectors. Hence, special attention has to be paid to identifying and analysing specific factors and assessing the causal link. When established, the set of such factors provides a framework for building of a model to forecast business sector financial indicators.

Modelling the financial performance of construction companies using neural network via genetic algorithm

2014 ◽  
Vol 41 (11) ◽  
pp. 945-954 ◽  
Author(s):  
H.H. Mohamad ◽  
A.H. Ibrahim ◽  
H.H. Massoud
Keyword(s):  
Neural Network ◽  
Financial Performance ◽  
Performance Indicators ◽  
Financial Statements ◽  
Financial Indicators ◽  
Working Capital ◽  
Predictive Capability ◽  
Construction Companies ◽  
Work Volume ◽  
Net Profit

Net profit, annual work volume, and working capital can be considered as the main financial performance indicators for any construction company. Sufficient liquidity must be properly assessed to ensure the survival of the business in both short-term and long-term bases. Large amount of working capital simply means idle funds in a form of current assets that does not gain any profit for the company. On other hand, small amount of working capital means that the company is unable to meet its liabilities and it faces complexity to participate in new project tenders, as a consequence its annual work volume might be decreased. Then, the excess or shortage of working capital affects badly the companies’ profitability. Hence, it is obvious that the construction companies’ working capital, net profit, and annual work volume constitute three interrelated financial performance indicators that have to be appropriately assessed. The present study aims to develop a model to help the construction companies’ managers to assess and forecast their companies’ financial performance indicators: working capital, net profit, and annual work volume. Through this research, the genetic algorithm technique (GA) will be integrated with the neural network technique (NN) to develop the proposed model. The developed model will be able to predict the three financial performance indicators: working capital, net profit, and annual work volume, for an upcoming year based on previously published financial statements data. A comprehensive literature review was conducted and 23 factors were identified as the most influencing factors on the construction companies’ financial indicators: working capital, net profit, and annual work volume. One hundred and sixty four Egyptian construction companies’ financial statements were gathered and analyzed to extract data regarding the identified 23 factors. The extracted data were used to develop a NN–GA hybrid and NN only models to assess the construction companies’ financial indicators. The two developed model outputs are compared to evaluate their predictive capability. This comparison showed that, the NN–GA hybrid model predictive capability is better than the NN only model predictive capability. Incorporating the GA enhances the predicting capability of the developed model by an average of 4.0%.

ALOKASI ANGGARAN, INTELLECTUAL CAPITAL, KINERJA KEUANGAN, DAN INDIKATOR KINERJA UTAMA BADAN LAYANAN UMUM

2021 ◽  
Vol 07 (01) ◽  
Author(s):  
Setyo Budi Hartono ◽  
◽  
Wahab Zaenuri ◽  
Fania Mutiara Savitri ◽  
Dessy Noor Farida ◽  
...  
Keyword(s):  
Human Resources ◽  
Financial Performance ◽  
Path Analysis ◽  
Intellectual Capital ◽  
Performance Indicators ◽  
Intangible Assets ◽  
Budget Allocation ◽  
Intangible Asset ◽  
Tangible Assets ◽  
Tangible Asset

Abstrak: Penelitian ini ditujukan pada anggaran dalam bentuk intangible asset (sumber daya manusia) dan tangible asset (aset tetap dan persediaan) yang diprediksi dapat mempengaruhi intellectual capital, kinerja keuangan sekarang dan mendatang, serta indikator kinerja utama. Alokasi anggaran sebagai baromater prioritas dalam mengembangkan intellectual capital ditujukan untuk memenuhi performa keuangan bagi indikator kinerja utama organisasi. Populasi yang juga menjadi sampel yaitu unit dan fakultas pada UIN Walisongo Semarang sebanyak 30 unit. Metode pengambilan sampling menggunakan teknik sampel jenuh yang mengambil seluruh populasi. Data yang digunakan adalah data sekunder berupa laporan tahunan dan laporan pencapaian indikator kinerja utama tahun 2019-2020. Analisis data menggunakan path analysis. Hasil penelitian ini adalah alokasi APBN tahun 2019 UIN Walisongo hanya terfokus pada tangible asset sebesar 82%, sementara 18% dialokasikan untuk intangible asset. Intangible asset tidak berpengaruh secara terhadap semua hubungan, hanya tangible asset saja yang dapat mempengaruhi intellectual capital secara langsung dan kinerja keuangan sekarang secara tidak langsung. Berdasarkan hasil penelitian ini menunjukkan perlu dilakukan audit sumber daya manusia sehingga dapat ditetapkan alokasi kebutuhan anggaran bagi intangible asset-nya. Abstract: This research is aimed at the budget in the form of intangible assets (human resources) and fixed assets and inventories that are predicted to affect intellectual capital, current and future financial performance, as well as key performance indicators. Budget allocation as a priority barometer in developing intellectual capital is aimed at meeting financial performance for the organization's main performance indicators. The population that is also a sample is 30 units and architecture at UIN Walisongo Semarang. The sampling method uses a saturated sample technique that takes the entire population. The data used is secondary data in the form of annual reports and performance indicator reports for 2019-2020. Data analysis using path analysis. The results of this study were that the 2019 State Budget allocation of UIN Walisongo only focused on tangible assets by 82%, while 18% was allocated for intangible assets. Intangible assets do not affect all relationships, only tangible assets can directly affect intellectual capital and current financial performance indirectly. Results Based on this research, it is necessary to conduct an audit of human resources so that they can determine the allocation of budget requirements for intangible assets.

CRITICAL ANALYSIS OF APPROACHES TO ASSESSING THE IMPACT OF BUSINESS PROCESSES ON THE FINANCIAL PERFORMANCE OF AN ORGANIZATION

2021 ◽  
Vol 4 (4) ◽  
pp. 201-205
Author(s):  
A. L. GENDON ◽  
◽  
G. F. GOLUBEVA ◽  
Keyword(s):  
Financial Performance ◽  
Critical Analysis ◽  
Business Processes ◽  
International Standards ◽  
Financial Indicators ◽  
Life Activity ◽  
Cost Of Production ◽  
The Cost ◽  
The Impact

The article reveals a system of financial indicators that characterize business processes, accounting for income and expenses according to Russian and international standards. The ways of increasing the efficiency of the company's life activity, in particular, the ways of reducing the cost of production, are considered.

scholarly journals Do Brands Matter in Unlisted Firms? An Empirical Study of the Association between Brand Equity and Financial Performance

2018 ◽  
Vol 8 (4) ◽  
pp. 65
Author(s):  
Anne Schmitz ◽  
Nieves Villaseñor-Román
Keyword(s):  
Strategic Planning ◽  
Empirical Study ◽  
Financial Performance ◽  
Brand Equity ◽  
Brand Management ◽  
Earnings Persistence ◽  
Financial Indicators ◽  
Future Earnings ◽  
Measures Of Performance ◽  
Unlisted Firms

In spite of the importance of the brand management in marketing studies and practice, there is a scarcity of prior research on the links between brand equity and financial performance, particularly in unlisted (unquoted) firms. The study contributes to prior research along a number of dimensions. It provides evidence on the relevance of brands for unlisted firms of several industries, by showing that brand equity is associated with financial performance even in non-quoted firms without world-recognized brands. Second, the study analyzes the association between brands and accounting-based measures of performance, across different windows and financial indicators. Finally, the evidence on earnings persistence is particularly relevant, as it potentially sheds light on the existing debate on the association between brand equity and stock markets. To the extent that firms with greater brand equity have more persistent earnings, current earnings contain greater information about future earnings, which show the relevance of brand management in the strategic planning of unlisted firms.

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