The Impact of R&D Activities, Technological Innovation and Financial Performance : A comparison of Manufacturing and service Firms in Korea

The chapter examines the impact of mandatory CSR expenditure targets of firms on financial performance in India. Extant studies have shown using event study methodology that announcement effect of compulsory CSR expenditure targets on abnormal returns of these firms is negative. Further, it is examined on how financial performances of these firms which met or exceeded the targets (Socially responsible firms) or were not able to meet the targets (socially irresponsible firms) differ. Based on the data for 1,460 firm years for the period 2015 to 2018 in the Indian context, the empirical analysis shows that their financial performance was negatively impacted because of these mandated CSR targets. Available evidence shows that CSR expenditure that spurs digitalisation and technological innovation helps the poorest and most vulnerable which enables them to lead a healthy, productive life.

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Is lean service promising? A socio-technical perspective

International Journal of Operations & Production Management ◽

10.1108/ijopm-01-2015-0008 ◽

2016 ◽

Vol 36 (6) ◽

pp. 618-642 ◽

Cited By ~ 40

Author(s):

Wael Hadid ◽

S. Afshin Mansouri ◽

David Gallear

Keyword(s):

Financial Performance ◽

Structural Equation ◽

Positive Impact ◽

Operational Performance ◽

Service Firms ◽

Content Type ◽

Lean Practices ◽

The Social ◽

The Impact ◽

Service Managers

Purpose – The purpose of this paper is to contribute to the ongoing debate about the effectiveness of lean practices in the service sector. Design/methodology/approach – This paper examines the impact of lean service on firm operational and financial performance. Exploratory factor analysis is used to reduce the data and identify the underlying dimensions of lean service, and partial least squares structural equation modelling is used to test the developed model. Findings – The results indicate that the social bundles of lean service had an independent positive impact on firm operational and financial performance. Furthermore, while the technical bundles had an independent positive effect on only the operational performance, they interacted with the social bundles to improve both the operational and financial performance. The findings suggest that service managers must follow a systematic approach when implementing lean service practices without focusing on one side of the system at the expense of the other. Practical implications – The paper highlights the importance of implementing lean service as a socio-technical system (STS) if service firms are to achieve the best possible benefits from their implementation. The motivation factor (social side) and the customer value factor (technical side) are capable of improving all operational performance dimensions and profit margin even if implemented alone. Therefore, service managers with limited resources are encouraged to start lean service implementation with practices within these factors. However, they can also expect improved operational and financial performance from implementing other factors as they positively interact to further improve performance. Originality/value – Viewing lean service as a STS, this paper incorporates a larger set of lean practices than previous studies and demonstrates empirically their capability of improving service firms’ operational and financial performance. It contributes significantly to the emerging literature on lean service by empirically testing the mechanism through which lean service affects firm performance.

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The Impact of Organizational Factors on Financial Performance: Building a Theoretical Model

THE INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE AND BUSINESS ADMINISTRATION ◽

10.18775/ijmsba.1849-5664-5419.2014.27.1005 ◽

2015 ◽

Vol 2 (7) ◽

pp. 51-57 ◽

Cited By ~ 1

Author(s):

Al Shahrani Saad M ◽

Tu Zhengge

Keyword(s):

Financial Performance ◽

Management Practices ◽

Organizational Factors ◽

Manufacturing Firms ◽

Service Firms ◽

Return On Assets ◽

True Nature ◽

Return On Equity ◽

Dependent Variables ◽

The Impact

The paper is purposively designed to study the linkages between organizational factors, including liquidity, leverage, asset utilization, market share position and firm size on financial performance in service firms. In assessing the linkages, the study recruits return on assets (ROA) and return on equity (ROE) as dependent variables to assess financial performance derived from the existence of the stated organizational factors. The aspect of financial performance in service firms is an important one as it reflects the effectiveness of the management. Additionally, the growth of productivity in service firms is traditionally low compared to the manufacturing firms; hence, the organization of factors in manufacturing firms has been quite documented in the literature to be linked with financial performance. This provokes the question of whether management practices and organizational factors that have enhanced financial performance in manufacturing firms can also be accounted for the service firms. The financial performance of the company is essential to measure management as the individuals and groups within the organization that contributes towards the financial objectives of the company. The proposed research framework can be of practical value for the firms. Managers can benefit from the outcomes of the paper by having a clear picture of organizational factors and conducting necessary research in order to find out the true nature of these factors.

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Theoretical Analysis of the Impact of Technological Innovation and Social Responsibility on Financial Performance

Journal of Innovation and Social Science Research ◽

10.53469/jissr.2021.08(08).27 ◽

2021 ◽

Vol 8 (8) ◽

pp. 138-140

Author(s):

Cui Guo ◽

Keyword(s):

Decision Making ◽

Sustainable Development ◽

Social Responsibility ◽

Financial Performance ◽

Technological Innovation ◽

Theoretical Basis ◽

Strategic Decision ◽

Strategic Decision Making ◽

Implementation Effect ◽

The Impact

In today’s society, innovation and sustainable development are more and more widely concerned. Technological innovation and social responsibility have become an important part of enterprise strategic decision-making activities. The role, theoretical basis and implementation effect of enterprises in technological innovation and social responsibility have also become the focus of academic attention. This paper introduces the theories related to technological innovation and social responsibility fulfillment, expounds the mechanism of their impact on financial performance, and puts forward some effective countermeasures for enterprises on the premise of establishing a theoretical basis.

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ANALISIS RASIO UNTUK MENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PT MEKAR KARYA PRATAMA)

Jurnal Ilmiah Binaniaga ◽

10.33062/jib.v9i1b.330 ◽

2019 ◽

Vol 9 (1B) ◽

pp. 15

Author(s):

Rizki Ahmad Fauzi

Keyword(s):

Financial Performance ◽

Financial Statements ◽

Corporate Activity ◽

Significant Change ◽

Overall Ratio ◽

The Impact ◽

Solvency Ratio

Based on the results of the analysis of the ratio of the financial statements can be seen from liquidity ratio in 2010 can already be said to be liquid and in 2011 occurred very significant increase in this ratio that makes the company's liquidity to be too high. Judging from the solvency ratio, in 2010 the company could not be said solvable because the value of this ratio is still quite high. However, in 2011 this ratio decreased significantly which shows that the company can already be said to be solvable. From the ratio of the activity, in 2010 and 2011 the ratio of corporate activity can already be said to be good. Despite the decrease from 2010 to 2011 on some of these ratios, but the overall ratio of activity of the company is good enough. Judging from the ratio of profitability, in 2010 and 2011 the profitability of the company can not be said to be good because it is still very low and no significant change from the year 2010 to the year 2011 for this ratio.The overall financial performance of PT Mekar Karya Pratama from year 2010 to year 2011 can be said to be good, although there are some things that must be considered and they should be repaired as liquidity is too high which causes the idle funds and the impact on the profitability is low. Keyword:Rasio Analysis

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A Study on the Impact of Family-friendly Certification on Financial Performance of SMEs: Focusing on the Manufacturing Industry

Restaurant Business ◽

10.26643/rb.v118i2.7259 ◽

2019 ◽

Vol 118 (2) ◽

pp. 7-12

Author(s):

Ok-Hee Park ◽

Kwan-sik Na ◽

Seok-Kee Lee

Keyword(s):

Financial Performance ◽

Family Life ◽

Manufacturing Industry ◽

Work And Family ◽

Family Friendly ◽

The Future ◽

The Impact

Background/Objectives: The purpose of the paper is to examine how family-friendly certificates introduced to pursue the compatibility of work and family life affect the financial performance of small and medium-sized manufacturers, and to provide useful information to companies considering the introduction of this system in the future.

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Pengungkapan Corporate Social Responsibility (CSR) dan Kinerja Keuangan Perusahaan dengan Pengungkapan Anti Korupsi sebagai Variabel Moderasi

Akmenika: Jurnal Akuntansi dan Manajemen ◽

10.31316/akmenika.v16i2.393 ◽

2019 ◽

Vol 13 (2) ◽

Author(s):

Arief Hidayatullah Khamainy ◽

Dessy Novitasari Laras Asih

Keyword(s):

Regression Analysis ◽

Financial Performance ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Analysis Technique ◽

Study Population ◽

Csr Disclosure ◽

Corporate Social ◽

The Impact

The research was carried out to find the influence of training material and methods of training toward workability. The study was conducted respectively from an employee of PD BPR Bantul Yogyakarta. The purpose of this research is expected to be useful for stakeholders in seeing CSR disclosure in the company in testing and analyzing its effect on the company's financial performance and with the presence of anti-corruption exposure, whether it will strengthen the impact of CSR disclosure on the company's financial performance. The study population in this study were all mining companies registered on the Indonesia Stock Exchange in 2016-2018 with a total of 63 companies. The research sample was taken using a random sampling technique that was calculated by the Slovin formula so that 54 samples were obtained for analysis. Linear Regression Analysis and Moderation Regression Analysis were chosen as the analysis technique used in this study. The results show that CSR disclosure does not affect the company's financial performance, and anti-corruption disclosure does not affect the relationship between the two.

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