scholarly journals The Impact of Firm Performance on Annual Report Readability

2021 ◽  
Vol 14 (1) ◽  
pp. 59-68
Author(s):  
Shuibin Gu ◽  
◽  
Regina Naa Amua Dodoo ◽  
Keyword(s):  
Firm Performance ◽  
Annual Report ◽  
Stock Exchange ◽  
Random Effect ◽  
Negative Influence ◽  
Listed Firms ◽  
Disclosure Laws ◽  
Ghana Stock Exchange ◽  
The Impact ◽  
Effect Method

This paper attempts to find the impact of firm performance on annual report readability. This study consists of 15 listed firms on the Ghana Stock Exchange within the period 2008 to 2017. The study applies Gunning Fog Index to measure annual report readability and measures Firm Performance using Return on Assets (ROA) by applying the fixed and random effect method. Per the Hausman test, the random effect method was accepted; the result stated that firm performance positively relates to annual report readability. In addition, the study finds out that corporate governance exerted a negative influence on the readability of the annual report. Finally, the study adopts F-MOLS to test Robustness. Regulators can consider improving and writing plain disclosure laws to improve annual report readability.

scholarly journals Firm performance and annual report readability

2020 ◽  
Vol 22 (3) ◽  
Author(s):  
Shuibin Gu ◽  
Regina Naa Amua Dodoo
Keyword(s):  
Firm Performance ◽  
Annual Report ◽  
Stock Exchange ◽  
Random Effect ◽  
Negative Influence ◽  
Listed Firms ◽  
Disclosure Laws ◽  
Ghana Stock Exchange ◽  
The Impact ◽  
Effect Method

This paper attempts to find the impact of firm performance on annual report readability. This study consists of 15 listed firms on the Ghana Stock Exchange within the period 2008 to 2017. The study applies the Gunning Fog Index to measure annual report readability and measures Firm Performance using Return on Assets (ROA) by applying the fixed and random effect method. Per the Hausman test, the random effect method was accepted; the result stated that firm performance positively relates to annual report readability. In addition, the study finds out that corporate governance exerted a negative influence on the readability of the annual report. Finally, the study adopts F-MOLS to test Robustness. Regulators can consider improving and writing plain disclosure laws to improve annual report readability.

scholarly journals The relationship between intellectual capital and firm performance

2017 ◽  
Vol 1 (1) ◽  
pp. 32-41 ◽  
Author(s):  
Amina Mohamed Buallay
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
High Performance ◽  
Positive Impact ◽  
Stock Exchange ◽  
Random Effect ◽  
Listed Firms ◽  
Effect Regression ◽  
The Impact ◽  
The Relationship

This study aimed to measure the impact of intellectual capital on firm performance of listed firms in Saudi stock exchange. The study methodology was a pooled data collected from the Saudi stock exchange (TADAUWL) for the period from 2012 to 2014. The study sample is 489 observations from 171 listed firms. The study independent variable is Intellectual Capital components (HCE, SCE and CEE). The dependent variable is firm performance which measured using ROA, ROE and Tobin’s Q. The study also utilized five control variables in order to help measure the relationship between Intellectual Capital and Firm Performance. In conclusion, the study found that the Intellectual Capital level tends to be higher with firms that have high performance. However, there is variation in the level across the sectors. Random effect regression model was incorporated; the results revealed that there is no significant impact of Intellectual Capital on firm’s operational performance (ROA). However, there is the significant positive impact of Human capital on financial performance (ROE). Additionally, the study concluded that there is the negative significant impact on structural capital efficiency and positive significant impact on Capital Employed Efficiency on firms’ market performance (TQ). These results are expected to broaden the understanding of IC and its impact on firms’ performance in GCC economies in general and specifically in Saudi economic. Moreover, it will be useful for GCC firms to place their priorities and financial plans for effective and efficient use of Intellectual Capital.

scholarly journals Corporate Governance, Intellectual Capital and Firm Performance

2016 ◽  
Vol 8 (1) ◽  
pp. 17 ◽  
Author(s):  
Abdul Basyith
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Developed Countries ◽  
Panel Method ◽  
Current Evidence ◽  
Listed Firms ◽  
Good Corporate Governance ◽  
The Impact

<p>This paper investigates the impact of corporate governance and intellectual capital on firm<br />performance in Indonesian-listed firms. Using a balanced-panel of 120 Indonesian-listed<br />firms, this study employs a balanced panel method, using non linier IV 2SLS and non linier<br />IV-GMM. All variables, apart from commissioners, directors, education and capital<br />employed efficiency exhibit a non significant impact on Tobins’Q, while all variables are<br />statistically non significant for ROA. The findings are less conclusive than that of previous<br />studies in developed countries. This study provides recent evidence for the corporate<br />governance and intellectual capital in affecting firm peformance of listed-firms in Indonesian<br />Stock Exchange. Though most listed-firms in Indonesia is owned by group or family, the<br />appointment should be strictly complied to the regulations set, as current evidence indicates<br />that independent commissioners and directors have no impact on firm performance, hence an<br />awareness of good corporate governance conduct should be massively disseminated.</p>

The Impact of Business Strategy on Firm Performance of Listed Firms in Vietnam

2020 ◽  
Vol 36 (5E) ◽  
Author(s):  
Khuong Nguyen Vinh ◽  
Le Phan Minh Thu ◽  
Luong Bao Han ◽  
Nguyen Thuy Minh Dan ◽  
Pham Truc Mai ◽  
...  
Keyword(s):  
Firm Performance ◽  
Business Strategy ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Positive Association ◽  
Listed Firms ◽  
Differentiation Strategy ◽  
Leadership Strategy ◽  
The Impact ◽  
Cost Leadership Strategy

This study was conducted to contribute empirical evidence of the impact of Michael Porter’s business strategy on performance in Vietnamese listed firms. Based on data from 620 firms on the Vietnamese stock exchange from 2010 to 2019, we use a quantitative research method to demonstrate the positive association between performance and differentiation strategy. We found cost leadership strategy has no meaning. Based on the results, we make implications for listed firms and regulatory agencies which will contribute to improving firm performance.

scholarly journals Effect of Corporate Governance on Islamic Banking: Evidence from Listed Firms of Pakistani Stock Exchange

2019 ◽  
Vol 9 (1) ◽  
pp. 170
Author(s):  
Laila Javeed
Keyword(s):  
Corporate Governance ◽  
Firm Performance ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Random Effect ◽  
Random Effect Model ◽  
Islamic Banks ◽  
Longitudinal Assessment ◽  
Listed Firms ◽  
Director Ownership

The Purpose of this study is to analyze the influence of corporate governance on firm performance (Islamic Banks) in Pakistan. The study presents a longitudinal assessment of the compliance and implications of the revised code on firm performance. This study uses data from listed firms of Pakistan Stock Exchange (PSE) for the years 2007-2016 to investigate the effect of corporate governance, indices the performance of Islamic Banks. The study uses panel data analysis and random effect model. We used board size, CEO duality, board independence, director ownership, and frequency of meeting as corporate governance indices, ROE, and ROA as performance of Islamic banks proxies. The results have intimation for regulatory authorities, shareholders and directors to take steps to improve the board competencies for better performance.

scholarly journals INTERDEPENDENSI KEPEMILIKAN MANAJERIAL DAN KEPEMILIKAN INSTITUSIONAL SERTA PENGARUHNYA TERHADAP KINERJA KEUANGAN

2008 ◽  
Vol 7 (2) ◽  
Author(s):  
Fong Ida Melinda ◽  
Bertha Silvia Sutejo
Keyword(s):  
Firm Performance ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Negative Influence ◽  
Positive Influence ◽  
Least Square ◽  
Managerial Ownership ◽  
Significant Other ◽  
Crisis Period ◽  
The Impact

This research was explaining the influence of managerial ownership, institutional ownership, and the impact to firm performance. We use three stage least square (3SLS) model to test our hypotheses. Sample of the research is all of manufacture companies which of have managerial ownership and institutional ownership and listed on Indonesian Stock Exchange period 1997 -2006. The result was provided that managerial ownership and firm performance has positive influence but not significant. Other evidence is that institutional ownership has significant positive influence to firm performance. The research was proven that managerial ownership and institutional ownership have negative influence. Condition crisis and after crisis has effect to ownership and firm performance. Firm performance does increase when after crisis period opposite that crisis period.

scholarly journals Collective personality of top listed firms in Australia and its impact on financial and market performance

2020 ◽  
Vol 18 (1, Special Issue) ◽  
pp. 438-449
Author(s):  
Anil Chandrakumara ◽  
Rohan Wickramasuriya ◽  
Grace McCarthy
Keyword(s):  
Firm Performance ◽  
Annual Report ◽  
Annual Reports ◽  
Learning Approach ◽  
Return On Equity ◽  
Listed Firms ◽  
Machine Learning Approach ◽  
Governance Practices ◽  
Research Problems ◽  
The Impact

This paper examines three research problems. First, what collective personality traits are reflected in CEOs’ statements in firms’ annual reports? Second, is there any impact of collective personality on financial (ROE – return on equity) and market (TQ – Tobin’s Q) performance? Third, whether attributes of CEOs or collective personality makes a greater impact on firm performance? Using the machine learning approach employed by IBM’s Personality Insights service, we performed a content analysis of 804 CEO’s annual report statements in 402 firms to estimate collective personality scores and adopted hierarchical multiple regression analysis to examine the intended relationships. The study found that collective conscientiousness and agreeableness impact positively on ROE and TQ and collective openness and neuroticism impact negatively on either or both ROE and TQ. Further, the collective personality tends to show a greater impact on ROE and firm size by assets than the impact of CEOs attributes. Besides exploring a relatively less-researched concept, the study highlights the practical value of developing intellectual and human capital through governance practices and leadership towards enhancing firm performance.

scholarly journals Are All Independent Directors the Same? Evidence from Italian Listed Companies

2018 ◽  
Vol 13 (9) ◽  
pp. 78
Author(s):  
Paolo Tenuta ◽  
Domenico Rocco Cambrea ◽  
Debora Fazzari
Keyword(s):  
Firm Performance ◽  
Significant Relationship ◽  
Stock Exchange ◽  
Listed Companies ◽  
Fixed Effect Model ◽  
Independent Directors ◽  
Listed Firms ◽  
Female Directors ◽  
Effect Model ◽  
The Impact

The purpose of this study is to investigate the impact of independent directors on the performance of Italian listed firms on the Milan Stock Exchange during the period 2006-2015. After applying a Fixed Effect Model, the empirical findings suggest that the composition of the board may affect corporate performances and, more specifically, a significant relationship emerges between the presence of independent directors within the Board and company results. Specifically, independent directors and independent female directors positively affect firm performance. Diversely, independent busy directors, those with hold more than three directorship in other boards, do not affect performance.

The Impact of Financial Crisis on the Determinants of Capital Structure of Listed Firms in India

2017 ◽  
Vol 18 (1) ◽  
pp. 101-121
Author(s):  
Naliniprava Tripathy ◽  
Aman Asija
Keyword(s):  
Financial Crisis ◽  
Capital Structure ◽  
Stock Exchange ◽  
Explanatory Power ◽  
Random Effect ◽  
Order Theory ◽  
Pecking Order ◽  
Pecking Order Theory ◽  
Listed Firms ◽  
The Impact

This study investigates the impact of 2007 financial crisis on the performance of capital structure of 88 non-financial companies listed on National Stock Exchange of India during the period between January 2003 to May 2014 by using Fixed Effect (FE) and Random Effect (RE) Models. The study has divided the data period into two distinct time intervals: (2003 -2007) as “pre-crisis” periods and (2008 – 2014) as “post-crisis” periods. The determinants of capital structure such as size, liquidity, profitability, and tangibility are used in the analysis. The findings show that tangibility and size have a greater influence on capital structure decision before crisis period. The findings also show that the coefficient of profitability is negative, displaying an inverse relationship with leverage. The study concludes that pecking order theory has more explanatory power in comparison to other theories in explaining the factors that determine the capital structure decision of listed firms of India.

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