scholarly journals Analysis of The Effects Debt Capital, Equity Capital on Residual Income and It Is Impacts on Amount Coperative Member

2021 ◽  
Vol 5 (1) ◽  
pp. 174-185
Author(s):  
Adih Supriadi
Keyword(s):  
Equity Capital ◽  
Residual Income ◽  
Business Units ◽  
Debt Capital ◽  
The City

The researchs is find out the effects of DC and EC on residual income (SHU) and it is impacts on amount coperative member. The researchs is descriptif quantitativ, the population used as the units of researchs analyzis is a coperative in the city of Tangsel with criteria coperatives that have many business units, and always hold annual member meetings for the last five consecative years, namely 2016 to 2020, as for the numbers of coperatives that will be sampled in this researchs are fifty coperatives. This research uses the methode asociative causall analitycal which mean a causall relationships wherein the variables X would effects variables Y and variables Y would effects variables Z. This methode is find out the relationships among two or more variables, by explining, predicting along controling symptoms. From researchs result it was found that DC partial significants effects on residual income, withal determinations coefficients is 72,29 %, the rest 27,71 % influence by others factor. EC partiall significants effects on residual income, withal coefficients of determinations is 74,67 %, the rest 25,33 % influence by others factor. DC and EC simultaneouly significants effects on residual income, withal coeficient of determinations is 81,81 %, the rest 18,19 % influence by others factor. Residual income partial significants effects on amount coperative member with a coeficient of determinations is 41,82 %, the rest 58,18 % influence by others factor.   

scholarly journals ANALISIS PENGARUH DEBT CAPITAL DAN EQUITY CAPITAL TERHADAP SISA HASIL USAHA (SHU) KOPERASI

EkoPreneur ◽  
2020 ◽  
Vol 1 (2) ◽  
pp. 131
Author(s):  
Adih Supriadi
Keyword(s):  
Research Method ◽  
Equity Capital ◽  
Coefficient Of Determination ◽  
Business Unit ◽  
Business Results ◽  
Debt Capital ◽  
The Relationship ◽  
The City ◽  
Research Analysis

This study is entitled Analysis of the Effect of Debt Capital and Equity Capital on the Remaining Operational Results of Cooperatives. The research is descriptive quantitative, the population used as the unit of research analysis is the Cooperative in the City of South Tangerang with the category thirty large cooperatives in the City of South Tangerang, with the criteria of having more than one business unit, and routinely carrying out RATs  the last three years in a row. The number of cooperatives that will be sampled in this study are thirty cooperatives. The research method used is causal analytical associative meaning a causal relationship where the variable x will affect the variable y. This method aims to determine the relationship between two or more variables, by explaining, predicting and controlling a symptom. The purpose of this study was to determine the effect of Debt Capital and Equity Capital on the Remnants of Cooperative Business Results in the City of South Tangerang. From the results of the study note that Debt Capital partially has a significant effect on the Remaining Operating Results, with a coefficient of determination of 72.29%, the remaining 27.71% is influenced by other factors. Equity Capital partially has a significant effect on the Remaining Results of Operations, with a coefficient of determination of 74.67%, the remaining 25.33% is influenced by other factors. Debt Capital and Equity Capital simultaneously have a significant effect on the Remaining Operating Results, with a coefficient of determination of 81.81%, the remaining 18.19% is influenced by other factors.Keywords: Cooperative, Debt Capital, Equity Capital, Remaining Operating Results

scholarly journals Measuring Housing Affordability Using Residual Income Method for Million-plus Cities in India

2021 ◽  
Author(s):  
Prabhat Kumar Rao ◽  
◽  
Arindam Biswas ◽  
Keyword(s):  
Affordable Housing ◽  
Poverty Line ◽  
Housing Affordability ◽  
Residual Income ◽  
Ratio Method ◽  
New Approach ◽  
Policies And Programs ◽  
The City ◽  
Indian Cities ◽  
Living Cost

Housing affordability is an ever-growing concern in rapidly urbanizing countries like India. The need for affordable housing can hardly be overemphasis in India. Government has many policies and programs running for fulfilling the requirement. But it is essential to define affordability standards for the success of any such policies and programs. The Ratio Method, which is currently used as the base for determining affordable housing, doesn’t have the flexibility to match the varied scale and standards across Indian cities. This paper is based on Michel E stone’s residual income’ method to measure housing affordability for India’s million-plus city. It gives a new approach for measuring housing affordability based on the minimum living cost for survival. It uses Poverty Line data (2014) and NSSO economic survey data (2012) for defining the minimum standard of living in the city. Stakeholders can use the city-specific measurement for affordable housing generated from this paper in affordable housing policies and programs.

PANDEMI COVID-19: LEBIH BAIK MENAMBAH UTANG ATAU EKUITAS?

2021 ◽  
Vol 19 (1) ◽  
pp. 23
Author(s):  
Bayu Aprillianto ◽  
Oktaviani Ari Wardhaningrum
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Banking Sector ◽  
Stock Exchange ◽  
Equity Capital ◽  
Debt Capital ◽  
Huge Impact ◽  
The Government ◽  
Operational Activities ◽  
Positive Effect

ABSTRACTCovid-19 Pandemic has caused massive changes. Lockdown policy set by the government to suppress the rate of transmission of the virus has had huge impact on the economy. Many companies must suffer losses, even have to declare bankruptcy. Operational activities had been limited that caused the company no longer being able to rely on internal funding to finance its business. The company is faced with a choice of external funding decisions, that is increasing debt (on liability side) or issue shares (on the equity side). This study aims to examine the effect of capital structure during the pandemic on financial performance. This research conducted on 121 companies from consumer non-cyclicals, transportation & logistic, and banking sector listed on Indonesia Stock Exchange. The results show that during the pandemic companies tend to prefer to increase debt than equity. Further testing shows that the companies with dominant debt capital structure have positive effect on financial performance. Meanwhile, the companies with a dominant equity capital structure have no significant effect.Keywords: debt, equity, financial performance, pandemicABSTRAKPandemi Covid-19 menyebabkan perubahan yang sangat masif. Kebijakan lockdown yang dilakukan oleh pemerintah untuk menekan laju penularan virus memberikan dampak yang sangat besar bagi perekonomian. Banyak perusahaan yang harus mengalami kerugian, bahkan harus mengumumkan kebangkrutan. Kegiatan operasional perusahaan yang terbatas mengakibatkan perusahaan tidak lagi dapat mengandalkan pendanaan internal untuk membiayai usahanya. Perusahaan dihadapkan pilihan keputusan pendanaan eksternal, yaitu menambah utang (di sisi liabilitas) atau menerbitkan saham (di sisi ekuitas). Penelitian ini bertujuan untuk menguji pengaruh struktur modal di masa pandemi terhadap kinerja keuangan. Pengujian dilakukan ke 121 perusahaan dari perusahaan sektor barang konsumen non-primer, transport dan logistik, dan perbankan yang terdaftar di Bursa Efek Indonesia. Hasil penelitian menunjukkan bahwa di masa pandemi, perusahaan cenderung lebih memilih menambah utang dibandingkan ekuitas. Pengujian lebih lanjut menunjukkan bahwa sampel perusahaan dengan struktur modal dominan utang menunjukkan hasil berpengaruh positif pada kinerja keuangan. Sedangkan pada sampel perusahaan dengan struktur modal dominan ekuitas menunjukkan hasil tidak signifikan.Kata kunci: ekuitas, kinerja keuangan, pandemi, utang

Resolving the Reliance on Fixed Estimation Dates in the Implied Cost of Equity Capital Approach

2018 ◽  
Vol 14 (1) ◽  
Author(s):  
Jan A. Kempkes ◽  
Andreas Wömpener
Keyword(s):  
Market Efficiency ◽  
Capital Market ◽  
Equity Capital ◽  
Residual Income ◽  
Fiscal Year ◽  
Practical Implementation ◽  
Cost Of Equity Capital ◽  
Cost Of Equity ◽  
Expected Cost ◽  
Residual Income Valuation

Abstract Our study’s objective is to develop and analyze a dynamic approach for estimating firms’ expected cost of equity capital. We contribute to the literature by enabling the usage of any required estimation date, resolving the major shortcoming of the existing models—their reliance on one fixed estimation date. This paper presents our model and discusses it from the perspective of the extant body of literature. We show that the current state of the art approach in dynamic estimation does not satisfy theoretical and practical demands, and offers scope for significant improvements. We conduct our analysis by specially considering capital market efficiency, the consistent appreciation of cash flows with respect to timing, and straightforward practical implementation for researchers and practitioners. Building on semi-strong capital market efficiency, the analysis reveals further insights into residual income valuation as we demonstrate that any realization of residual income in the course of the year is irrelevant to valuation in the absence of dividend realization. Consequently, assumptions regarding the shape of earnings in the course of the year are also irrelevant to valuation. Additionally, our theoretically founded model conveniently facilitates the undistorted incorporation of different fiscal year-ends in large samples and avoids stale measures of expected cost of equity capital.

scholarly journals Does Capital Structure Affects Firms’ Performance in Ghana? Panel Data Analysis

2019 ◽  
Vol 8 (4) ◽  
pp. 131
Author(s):  
John MacCarthy ◽  
Helena Ahulu
Keyword(s):  
Panel Data ◽  
Capital Structure ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Negative Relationship ◽  
Equity Capital ◽  
Debt Capital ◽  
Tangible Assets ◽  
Ghana Stock Exchange

This paper examines the effect of capital structure on the firms’ performance. The study collected data from seventeen firms listed on the Ghana Stock Exchange from 2009 to 2018. A quantitative research technique is used to collect data to test two hypotheses. Panel data regression is employed to determine the effect of capital structure on firms’ performance. The study revealed that short-term debt and total debt accounted for 67% and 76.3% respectively of capital used to finance the operations for the period. Furthermore, the study revealed that there is significant and negative relationship between capital structures and firms’ performance. The study concludes that firms should minimise the use of debt capital and rather concentrate on equity capital to finance their operations. The study recommends that firms should increase sales and invest in tangible assets to maximise the firms’ performance. 

Does the adoption of sustainable practices lefitimise an organization?

2016 ◽  
Vol 9 (2) ◽  
pp. 115
Author(s):  
Carla Cristiane Sokulski ◽  
Alechssandra Resseti Oliveira ◽  
Claudineia Kudlawicz-Franco
Keyword(s):  
Content Analysis ◽  
Three Dimensions ◽  
Sustainable Practices ◽  
Economic Dimension ◽  
Environmental Practices ◽  
Positive Image ◽  
Business Units ◽  
The City ◽  
A Company

The objective of this article is analyse how the sustainable practices adoption can contribute for the organization's legitimacy. Therefore, it was chosen the case of an organization that adopts sustainable behaviours when realizing services of expresses delivery using bicycles. Having a qualitativedescriptive approach, the study occurred in a company in the city of Curitiba, by means of interviews semi structured realized with managers and the use of the content analysis. The results evinced the three dimensions of sustainability (economic, social and environmental) are interconnected and are complementary, in a such way that social and environmental practices have proximity to the economic dimension, as well as, this last maintains relations to social and environmental practices. Although the franchise does not have sustainable practices standardized in its business units, it acts exteriorizing its sustainable role. The promotion of sustainable practices disseminated a positive image of the company in relation to its environment, contributing for its legitimacy in front of society with action in schools and with benefits to its employees. The study's main contribution allows to infer that the adoption of sustainable practices contributes for the organization's legitimacy allowing its recognition towards society. In this way, the legitimacy emphasizes the importance of the exercise of sustainability in organizations, improving its image and relationship with the several actors involved.

scholarly journals Recent developments in Corporate Taxation in Sweden

2014 ◽  
Vol 2014 (2) ◽  
pp. 195-214 ◽  
Author(s):  
Christian Thomann
Keyword(s):  
Corporate Taxation ◽  
Equity Capital ◽  
Corporate Tax ◽  
Firm Level ◽  
Tax System ◽  
Debt Capital ◽  
Recent Developments ◽  
Tax Payments ◽  
Interest Costs ◽  
Taxation Data

Abstract This article investigates if increasing neutrality between debt and equity capital might improve the efficiency in a corporate tax system. Firm-level and sector- level taxation data from Sweden is used to study if a tax system that is characterized by very few limitations with respect to the deductibility of interest costs leads to systematic differences in the taxes paid by different sectors. This paper finds that there are differences between different sectors’ tax payments and these differences can be explained by the sectors’ use of debt capital.

scholarly journals MARKETPLACE LARISUMKM.COM SEBAGAI ALAT PENINGKATAN PROMOSI UMKM DI KOTA SALATIGA

2020 ◽  
Vol 4 (1) ◽  
pp. 696
Author(s):  
Nina Setiyawati
Keyword(s):  
Information Technology ◽  
Community Service ◽  
Business Processes ◽  
Small And Medium Enterprises ◽  
Observational Method ◽  
Business Units ◽  
Efficiency And Effectiveness ◽  
Service Activity ◽  
Medium Enterprises ◽  
The City

ABSTRAKIndustri Kecil Menengah atau Usaha Mikro Kecil dan Menengah (UMKM) di Kota Salatiga sebanyak 1.969 unit usaha dan menyerap 14.647 orang tenaga kerja. Akan tetapi terdapat beberapa hal yang masih perlu ditingkatkan pada UMKM di Kota Salatiga adalah metode promosi, efisiensi serta efektifitas proses bisnis penjualan serta distribusi. Oleh karena itu pada kegiatan Pengabdian Kepada Mayarakat (PKM) dilakukan pembangunan marketplace dengan mitra Dinas Koperasi, Usaha Kecil, dan Menengah (DinkopUKM) Kota Salatiga untuk memberdayakan para pelaku UMKM di Kota Salatiga. Selain itu pada PKM ini juga dilakukan pelatihan kepada para pelaku UMKM se-kota Salatiga terkait penggunaan marketplace yang dibangun. Dari evaluasi kegiatan yang dilakukan dengan metode observasi didapatkan bahwa kemauan para peserta untuk mempelajari dan beradaptasi menggunakan marketplace cukup besar meskipun kebanyakan dari para pelaku UMKM tersebut kurang dalam penguasaan teknologi informasi. Kata kunci: marketplace; UMKM; promosi. ABSTRACTSmall and Medium Industries or Micro, Small and Medium Enterprises (MSMEs) in Salatiga City totaling 1,969 business units and absorbing 14,647 workers. However, there are several things that still need to be improved at MSMEs in Salatiga, namely promotion methods, efficiency and effectiveness of the sales and distribution business processes. Therefore, in the Community Service activity, a marketplace was built with partners from Dinas Koperasi, Usaha Kecil dan Menengah Kota Salatiga (DinkopUKM) to empower MSME subjects in the City of Salatiga. Besides that, this community service also conducted training for MSME subjects throughout the city of Salatiga regarding the use of the marketplace that was built. From the evaluation of activities carried out by the observational method, it was found that the participants' willingness to learn and adapt to using the marketplace was quite large, even though most of the MSME actors were less mastery of information technology. Keywords: marketplace; MSMEs; promotion.

scholarly journals Innovative Investment Models with Frequent Payments of Tax on Income and of Interest on Debt

Mathematics ◽  
2021 ◽  
Vol 9 (13) ◽  
pp. 1491
Author(s):  
Peter Brusov ◽  
Tatiana Filatova ◽  
She-I Chang ◽  
George Lin
Keyword(s):  
Investment Project ◽  
Investment Strategy ◽  
Equity Capital ◽  
Investment Projects ◽  
Planning And Control ◽  
Debt Capital ◽  
Economic Practice ◽  
And Control ◽  
Investment Models

New modern investment models are created to be as close as possible to real investment conditions. We consider long-term as well as arbitrary duration models with payments of interest on debt and of tax on income a few times per year (semi-annually, quarterly and monthly), which could be applied in real economic practice. Their verification will lead to the creation of a comprehensive system of adequate and correct assessment of the effectiveness of the company’s investment program and its investment strategy. One of the most important elements of calculating the effectiveness of investment projects is the assessment of the discount rate, the calculation methods of which are generalized for the real conditions of the implementation of investment projects. We consider the effectiveness of the investment project from two points of view: the equity owners and the owners of equity and debt. NPV for each of these cases is calculated by two different methods: with the separation of credit and investment flows (and thus discounting the flows using two different rates) and without such separation (with discounting of both flows using the same rate, and WACC can be chosen as the rate). Numerical calculations, conducted for four investment models (without flow separation) show that: (1) in the case of considering the effectiveness of an investment project for owners of equity capital, the increase in the number of payments of tax on income and of interest on debt p leads to a decrease in NPV: this means that the effectiveness of an investment project decreases with p; (2) in the case of considering the effectiveness of an investment project for owners of equity and debt capital, the increase in the number of payments of tax on income and of interest on debt p leads to an increase in NPV: this means that the effectiveness of an investment project increases with p. In the former case, companies should pay tax on profit and interest on debt once per year, while in the latter case, more frequent payments are profitable for the effectiveness of investment. Eight innovative investment models created in this paper can assist decision-makers in the optimal design, planning and control of company investments and the development of a company’s investment strategy.

scholarly journals Equity capital: approaches to definition, classification and its structure

2019 ◽  
Vol 11 (2) ◽  
Author(s):  
T. Markova ◽  
O. Volodina ◽  
O. Mytrofanov ◽  
A. Chehlatonieva
Keyword(s):  
Financial Stability ◽  
Financial Statements ◽  
Financial Economic ◽  
Practical Aspect ◽  
Equity Capital ◽  
Equity Structure ◽  
Debt Capital ◽  
Correct Calculation ◽  
Legislative Changes

The article examines the essence of the concept of "equity capital" and conceptual approaches to itsdefinition and classification. It has been determined that the concept of "capital" has had roots since antiqu ity, and meant a source of accumulation of wealth. However, in today's conditions of the market system capital is generalizing and at the same time varied, because it covers intellectual, natural, social capital. The importance of the correct calculation of structural equilibrium, which is a guarantee of financial competitiveness,financial stability and solvency in modern fast financial, economic and legislative changes, has been substantiated. Three approaches to the classification of the structure of the enterprise according to the normativelegislative base (national and international) and practical aspect has been determined. The practical analytical analysis of the equity structure based on the financial statements of the enterprise indicates that the equity of the enterprise in the current conditions of management decreases, in particular, by increasing the uncovered loss. The advantage of debt capital in the form of payables proves the need to make optimal decisionson timely control and adjustment of the capital structure of the enterprise due to the dynamics and featuresof socio-economic and financial processes in Ukraine.

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