scholarly journals Empirical study on the relationship among government holding, asset injection and listed companies performance – evidence from China securities market

2014 ◽  
Vol 12 (1) ◽  
pp. 169-179
Author(s):  
Tao Zhang ◽  
Hedy Jiaying Huang ◽  
Keith Hooper
Keyword(s):  
Empirical Study ◽  
Listed Companies ◽  
The State ◽  
Securities Market ◽  
Short Term ◽  
Private Placement ◽  
And Performance ◽  
The Relationship

This paper aims to investigate the private placement of equity (PPE) by asset injection in China. It analyzes the influence to shareholders’ wealth and performance in the state-holding listed companies and private-holding listed companies. The key findings of this paper are the shareholders’ wealth and performance increased in the short-term, but decreased in long-term after announcement of asset injection by major shareholders. After asset injection, the state-holding listed companies experience larger decline in the long-term shareholders wealth and performance than private-holding listed companies.

scholarly journals Compensations of Top Executives and M&A Behaviors: An Empirical Study of Listed Companies

2020 ◽  
Vol 8 (4) ◽  
pp. 64
Author(s):  
Jiao Xue ◽  
Heng Fan ◽  
Zhanxun Dong
Keyword(s):  
Empirical Study ◽  
Mergers And Acquisitions ◽  
Executive Compensation ◽  
Listed Companies ◽  
Compensation Mechanism ◽  
Short Term ◽  
Top Executives ◽  
Short And Long Term ◽  
The Relationship

This study empirically examines the relationship between executive compensation and mergers and acquisitions (M&A) behaviors by identifying the influence of short- and long-term incentive on the propensity and scale of M&A. When the short-term incentive is insufficient, M&A behaviors serve as a beneficial compensation mechanism. Thus, lack of executives’ incentive promotes the propensity to engage in M&A and significantly affects the scale of M&A. With regard to long-term incentives, M&A behaviors serve as a beneficial creation mechanism. Shareholding of executives promotes M&A propensity, and does not significantly affect the scale of M&A. This study significantly contributes to research in M&A behaviors by revealing the beneficial distribution mechanisms of M&A behaviors.

scholarly journals Analisis Indeks Harga Konsumen di Indonesia Melalui Pendekatan Kointegrasi

2019 ◽  
Vol 4 (2) ◽  
pp. 110-118
Author(s):  
Muhamad Muin ◽  
Keyword(s):  
Exchange Rate ◽  
Empirical Study ◽  
Money Supply ◽  
Price Index ◽  
Consumer Price Index ◽  
Data Series ◽  
Short Term ◽  
Monthly Data ◽  
The Relationship

This study aims to analyze the relationship between the rupiah exchange rate (RER) and the money supply (M1) on the outgrowth of the consumer price index (CPI) in Indonesia. The data used in this study are monthly data series from January 2005 to January 2019. The results of this empirical study shows that there is a relationship between RER and M1 on CPI in the long term and there is a correction in the short term balance (ECM) which is influenced by M1. All of these variables are significant at α = 5% and partly significant at α = 1%.

Effect of Goal Proximity and Goal Specificity on Muscular Endurance Performance: A Replication and Extension

1991 ◽  
Vol 13 (2) ◽  
pp. 174-187 ◽  
Author(s):  
Gershon Tenenbaum ◽  
Saadia Pinchas ◽  
Gabi Elbaz ◽  
Michael Bar-Eli ◽  
Robert Weinberg
Keyword(s):  
High School Students ◽  
Endurance Performance ◽  
Experimental Period ◽  
Baseline Period ◽  
Short Term ◽  
School Students ◽  
Goal Specificity ◽  
And Performance ◽  
The Relationship

The purpose of the present investigation was to extend the literature on the relationship between goal specificity, goal proximity, and performance by using high school students and attempting to control for the effects of social comparison. Subjects (N=214) in Experiment 1 were randomly assigned to one of five goal-setting conditions: (a) short-term goals, (b) long-term goals, (c) short- plus long-term goals,(d) do-your-best goals, and (e) no goals. After a 3-week baseline period, subjects were tested once a week on the 3-minute sit-up over the course of the 10-week experimental period. Results indicated that the short- plus long-term group exhibited the greatest increase in performance although the short-term and long-term groups also displayed significant improvements. In Experiment 2, a short- plus long-term group was compared against a do-your-best group. Results again revealed a significant improvement in performance for the combination-goal group whereas the do-your-best group did not display any improvement.

scholarly journals The Influence of Debt Financing on Firms’ Performance: Empirical Evidence from Malaysia

2021 ◽  
Vol 5 (1) ◽  
pp. 76-87
Author(s):  
Yien Yien Lee
Keyword(s):  
Fixed Effect Model ◽  
Short Term ◽  
Return On Assets ◽  
Causality Test ◽  
Listed Firms ◽  
Effect Model ◽  
Lm Test ◽  
And Performance ◽  
The Relationship

This study investigated the relationship between the listed firms’ debt level and performance in Bursa Malaysia during a five-year period. Based on the results of the Hausman test and Breusch-Pagan LM test, the fixed-effect model is the most appropriate model that used to analyze the panel data of 50 Malaysian listed companies within the property sector from the year 2015 to 2019. The results indicated that the short-term debt (STD) and long-term debt (LTD) have positive and insignificant effects on return on asset (ROA), which means that the increase in the short-term debt and long-term debt will lead to an increase in the return on assets. Besides that, account payables (AP) has a negative and insignificant effect on the profitability of property sector companies. According to the outcome of the Granger Causality test, the return on assets does not affect by the account payables, short-term debt, long-term debt and firm size. There is only one unidirectional causality relationship that proves that short-term debt is affected by long-term debt. Additionally, this study focuses on enhancing the existing empirical knowledge of debt financing's influence on the profitability of the listed firms in the property sector.

A Star Is Born: The Relationship Between Performance and Achieving Status Through Certification Contests in the Context of Equity Analysts

2022 ◽  
Author(s):  
Eugene Taeha Paik ◽  
Timothy G. Pollock ◽  
Steven Boivie ◽  
Donald Lange ◽  
Peggy M. Lee
Keyword(s):  
High Status ◽  
Short Term ◽  
Equity Analysts ◽  
Subsequent Performance ◽  
The Social ◽  
And Performance ◽  
The Relationship ◽  
Status Position ◽  
Over Time

We investigate how the relationship between status and performance decouples over time by addressing two questions: (1) how performance affects the likelihood that an actor achieves high status and (2) how achieving high status affects the actor’s subsequent performance. In doing so, we focus on the role repeated certification contests play, where evaluators assess actors’ performance along particular dimensions and confer high status on the contest winners. Using the context of sell-side (brokerage) equity analysts and the “All-Star” list from Institutional Investor magazine, we first investigate whether analysts who make the All-Star list are more likely to produce accurate and/or independent forecasts. Then, we investigate analyst performance after recent and multiple wins. Our results demonstrate the decoupling of status and performance over time and the roles played by both the high-status actor and the social evaluators conferring their status. Whereas analyst performance increases the likelihood of being designated an All-Star, recent and multiple All-Star designations differentially affect both how subsequent performance is assessed, and how the All-Star analysts subsequently perform. In the short term, achieving high status can increase performance and solidify an analyst’s status position; however, in the long term, it can lead to lower performance and eventually result in status loss, which further erodes performance.

An Empirical Study on Capital Structure and Corporate Performance of Chinese Listed Companies

2016 ◽  
Vol 5 (3) ◽  
Author(s):  
Fahd Al-Duais
Keyword(s):  
Capital Structure ◽  
Corporate Performance ◽  
Positive Impact ◽  
Stock Exchange ◽  
Listed Companies ◽  
Short Term ◽  
Chinese Listed Companies ◽  
The Impact ◽  
The Relationship

The relationship between level of debt and the companys performance remains an important unsolved issue in the field of financing. It is very important to know how Chinas listed companies manage their capital towards business growth. This paper investigates the impact of the capital structure on corporate performance of a sample of 711 listed companies on the Shenzhen Stock Exchange in China in 2014. The results indicates that there is a positive relation between financial leverage and corporate performance as well as there is a positive impact that the mixture of long-term debt and short-term debt (using total debt). This would help decision maker in the companies to finance firms operation in the both periods. On the other hand, the short term debt has a negative relation and impact on corporate performance compared to the changing in firm size which cannot change in the profitability of firms.

scholarly journals Investor Types and Company Performance through Private Placements Basing on State-Owned and -Controlled Listed Companies

2019 ◽  
Vol 14 (11) ◽  
pp. 250
Author(s):  
Li Jiaojiao ◽  
Qu Zenglong
Keyword(s):  
Corporate Governance ◽  
Institutional Investors ◽  
Listed Company ◽  
Listed Companies ◽  
The State ◽  
Announcement Effect ◽  
Short Term ◽  
Private Placement ◽  
Long Run ◽  
Private Placements

Theoretical and empirical analyses of listed companies owned and controlled by the state making private placement transactions during 2006 and 2013 were carried out to measure the short-term announcement effect of strategic and financial investors’ subscription for new shares in listed companies owned and controlled by the state on corporate governance and long-run performance of these listed companies. It was found that private placements had a positive influence on the performance of a state-owned and -controlled listed company as they brought new institutional investors to the company; strategic investors who subscribed for new shares in a state-owned and -controlled listed company have appeared to cause an announcement effect greater than financial investors; state-owned and -controlled listed companies that attracted strategic investors with private placements showed a higher level of corporate governance and better long-run performance in comparison to those launching private placements to financial investors only. This study reveals the differences between strategic and financial investors in their influences on short-term announcement effect, corporate governance, and long-run performance of a state-owned and -controlled listed company when they enter into private placement transactions with the company. These findings provide new perspectives on the economic consequences arising from the involvement of external institutional investors in private placements of state-owned and -controlled listed companies, which, to a certain extent, facilitate the decision-making process in private placement transactions and promote the mixed-ownership reform.

scholarly journals Nature of the relationship between strategic leadership, operational strategy and organisational performance

2011 ◽  
Vol 14 (4) ◽  
pp. 393-406 ◽  
Author(s):  
Kobus Serfontein ◽  
Johan Hough
Keyword(s):  
Business Strategy ◽  
Visionary Leadership ◽  
Strategic Leadership ◽  
Short Term ◽  
Operational Strategy ◽  
And Performance ◽  
Organisational Factors ◽  
Leadership Research ◽  
The Relationship

Since the mid-1980s a growing body of leadership research has focused on strategic leadership, in contrast to managerial and visionary leadership. It focused on how top leadership makes decisions in the short term that guarantees the long-term viability of the organisation. The best performing organisations are consciously strategic in their leadership planning. These top leaders also have the ability to align human resources in an effective way directly to the business strategy. This article identifies some of the direct and indirect pathways in which strategic leadership influences the operational strategy and performance of business organisations in South Africa. This research pinpointed theoretical and substantively meaningful endogenous organisational capabilities that mediated this relationship and exogenous organisational factors that moderated this relationship.

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