scholarly journals The link between debt finance and profitability in the emerging market: A case study of a furniture retail company

2020 ◽  
Vol 10 (4) ◽  
pp. 57-80
Author(s):  
Lilian Nyamwanza ◽  
Hilja Iyalo Haufiku ◽  
Mashaya Ellen ◽  
Charity Mhaka

The objective of this research was to establish the impact of debt finance on the profitability of a firm using A furniture retail company (pseudo name “A”) as a case study. The mixed methods approach was employed quantitative data from financial statements and qualitative data from interviews. The target population was 25, hence the researchers used a population census, 24 participants assisted in the research. The statistical method used for analysing secondary data was STATA 11. The regression model and variables incorporated were debt ratio, which was the independent variable, and the return on asset ratio, which was the dependent variable, and the measure of profitability in this particular research. Main findings from the research indicated that debt financing was significantly and statistically negatively affecting the return on assets of the company. The regression yielded a p-value of 0.018 and a coefficient of 0.9992 thus confirming a 99.92% that the variability in profitability is well explained by the independent variable used in this research which is debt finance. The study recommends companies to carry out an in-depth cost-benefit analysis of debt financing to ensure optimum profitability especially for small and private limited companies in a volatile economy (Zimbabwe).

Author(s):  
Sunil Kumar ◽  
Devendra Kumar Meena ◽  
Vishnu Shankar Meena

The concept behind Farmer Producer Organizations is that farmers, who are the producers of agricultural products, can form groups and register themselves under the Indian Companies Act 1956. The aim is to enhance farmer’s income, capacity building, competitiveness, and increase their advantage in emerging market opportunities. To examine the role of farmer producer organization in enhancing farmers, a case study was conducted in Karnal District of Haryana. Study the management and governance system of FPC and assess the impact of FPC on members was the objective of the case study. Personal interviews and group discussion methods were used for data collection and gathering information on FPC. Mishti farmer producer organization was established on 25 march 2013 for collecting, processing, and marketing milk and milk products. It covered eight villages of Karnal and collect raw milk from members and non-members farmers at high price than other value chain actors. The result of the study indicate that farmer who supplies milk to FPC, get 8-10 rupee per lit high price than others. It also provides bonus to member farmers who are shareholders of the company and their income from dairy farming is enhanced by 25-30 percent. FPC also plays a significant role in enhancing the backward and forward linkage of farmers and capacity building of farmers in different agricultural aspect.  Members of FPC are highly satisfied with the services provided by FPC and its performance in local areas.


2017 ◽  
Vol 57 (2) ◽  
pp. 434
Author(s):  
Rob Duncanson ◽  
Walter P. Purio

This paper explores the emerging market for liquefied natural gas (LNG) as a marine fuel, with a particular focus on the market in Australasia. While LNG as a marine fuel is a growing market in the northern hemisphere, slower rates of adoption of LNG fuel technologies in maritime industry are evident in the southern hemisphere. This paper aims to ground the Australasian LNG marine fuel market in a global context and to explore opportunities for Australia to lead the region in developing and adopting LNG as a marine fuel. This paper looks at the key drivers behind championing LNG as a marine fuel, focusing on four main areas of impact; economy, environment, public health and innovation. This paper uses Australia as a case study for the adoption of LNG as a marine fuel in the southern hemisphere. It considers the opportunities presented by LNG as a marine fuel to assist Australia in: achieving energy independence; reducing the impact of air pollution from ships on the environment and public health; and positioning Australia as an innovative leader in LNG as a marine fuel.


2013 ◽  
Vol 3 (6) ◽  
pp. 1-11
Author(s):  
Amalia E. Maulana ◽  
Pandu Jati Kuncoro ◽  
Lexi Z. Hikmah

Subject area Reverse positioning, market segmentation, customer-centric organization. Study level/applicability Postgraduate program; Master in strategic marketing and Master in business administration. Case overview Declining radio listenership is triggered by lack of attention of the radio managers to the desires of radio listeners. Delta FM radio, as part of Masima Media Group, is a radio that realized the need for revitalization. They changed their target audience and positioning to regain its former glory. Delta FM radio get back to the core benefit with the tagline: “100% Great Songs”. Shifting from highlighting the emotional benefits to functional benefits and to cut a variety of benefits is called “reverse positioning”. Expected learning outcomes The objective of this case study is to give deeper comprehension a new concept called reverse positioning or reverse branding. It is an example of the dynamic of hyper competition in media market in practice, in the emerging market such as Indonesia. It provides clear picture of the difference between listener oriented vs advertiser oriented company and the impact of the imbalance portion between them. Supplementary materials Teaching notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes.


2017 ◽  
Vol 7 (4) ◽  
pp. 304-315
Author(s):  
Mahdi Jahani Sani ◽  
Majid Najib Davandeh ◽  
Abolfazl Behniafar

<p>The development of industrial areas in villages can have many positive socio-economic effects. Results of studies indicate an improvement in the living conditions of villagers after the establishment of industrial areas in villages. Establishment of industrial estates in different provinces of the country has been followed by numerous environmental, economic, social, and physical effects on the region, especially the rural community. Thus, the present study seeks to do a case study concerning the effects of Binaloud Industrial Estate on the sustainability of rural settlements in Ahmadabad district of Mashhad city while considering the place and importance of industrial estates in rural areas. This research is an applied study in terms of purpose, whose results can be used in planning. For measuring the effects of industrial estates, three economic, social and environmental dimensions have been taken into account, which have been evaluated by multiple questions in the questionnaire. Thus, of 58 villages existing in Ahmadabad district of Mashhad city where Binaloud Industrial Estate has been located (research statistical population), 42 villages were selected. To determine the number of sample villages, demographic factor (villages with more than 100 inhabitants) was used. Then, considering the factor of distance dimension and access to Binaloud Industrial Estate, 10 villages were selected out of 42 villages and were used as the population of the research sample. Based on Cochran formula, unlimited population size is used to determine the sample size. Accordingly, the sample size was obtained to be 279. The sample size of each village has been calculated with regard to the proportion of the size of households in each village. In order to compare the average of respondents’ opinions regarding the effect of industrial estates on the sustainability of rural settlements, comparison of the average of this variable (including three economic, social and environmental dimensions) was done with the aid of t-test with number 3 (medium), whose results indicated that p-value divided by 2 of this test is lower than 0.05 and t-statistic is positive (16.732). Hence, it can be concluded that the creation of industrial estates is effective in the sustainability of rural settlements; that is, the research hypothesis is approved with 95% confidence. Ultimately, the impact of the industrial estate on the studied villages is greater in the social and economic dimensions, and in the environmental dimension, the industrial estate has had a significant impact on only 3 villages (Avareshk, Seidabad and Fakhr Davoud). </p>


2021 ◽  
Vol X (3) ◽  
pp. 81-87
Author(s):  
Akram Khosravi ◽  

In this study, we are researching the impact of immigration on acquiring the heritage language in Iranian immigrant families to Georgia whose children age was between 3 to 15 years. The methodology used in this research is a survey study in the Iranian community, and the results methodology is questionnaires. According to the answers and the independent variable which is immigration, the result has shown that Iranian immigrant families to Georgia try to keep their heritage language even though some families were multinational. People are immigrating in the 21st century more than ever. This result is that people are being separated from their mother tongue and joining a new world and language. One of the challenges people face is how to preserve their heritage language while it faces a variety of obstacles that may be lost by its speakers. In this research, we study the effects of immigration on language knowledge from each side in addition to find out how the immigrant family’s children acquire languages.


2018 ◽  
Vol 26 (3) ◽  
pp. 173-185 ◽  
Author(s):  
Dan-Cristian Dabija ◽  
Brînduşa Mariana Bejan ◽  
David B. Grant

Abstract Customer loyalty enables companies to outperform competitors and better satisfy customers’ needs and desires. People today are increasingly interested in buying green or sustainable products, pursuing responsible consumption, getting involved in environmental protection activities and preserving resources. These key elements of sustainability are crucial in retailer strategies for approaching customers, strategies encompassing both communication and well-structured offers of sustainable, green and environmentally friendly products to gain customers’ loyalty and assist them in adopting responsible (green) consumption behaviours. This may not be the case in all retail markets or sub-markets, however. This paper investigates these issues in the context of the emerging European economy of Romania, using a survey conducted in four major retail segments comprising more than 3,000 respondents. Using structural equation modelling the authors reveal that Romanian retailers are concerned with drawing customers and gaining their loyalty by adopting strategies based on the principles of sustainability. The results indicate that in this emerging market behavioural antecedents differ across the analysed retail formats in building green loyalty, which represents a challenge for retailers in their attempt to draw, satisfy and bind consumers to their retail formats and stores. At the same time, there is also a growing awareness of green aspects among Eastern Europeans, even if they have been challenged with sustainability issues and the need to adopt green behaviours more recently than their Western European counterparts.


2020 ◽  
Vol 26 (2) ◽  
pp. 1-25
Author(s):  
Tariq Ali Abdullah Amr ◽  
Mohammed Abdurasheed Ali Zomailan

The study aimed to identify the impact level of administrative empowerment on employees' creativity at Kamaran Factory. The analytical descriptive method was used and the study population consisted of all the employees (400) who work in the factory. 133 employees were selected for the study using the random stratified method. The questionnaire was used to collect data from the study sample and the SPSS V20 package was used for the statistical analysis. Major study findings revealed that there were varying degrees of the level of practicing administrative empowerment and the employees' creativity in favor of the dependent variable (employees' creativity). There was also a statistically direct effect of the independent variable (administrative empowerment) on the employees' creativity at Kamaran factory.  Further, (44%) of the variables that occur in the employees' creativity were attributed to the variables which occur in the administrative empowerment, and the remaining (56%) were attributed to other factors which are beyond the scope of this study. Keywords: administrative creativity, training, entrusting of powers, administrative empowerment.


2019 ◽  
Vol 24 (1) ◽  
pp. 29-52 ◽  
Author(s):  
Lei Ma ◽  
Zheng Liu ◽  
Xiaojing Huang ◽  
Tao Li

With business today relying increasingly more on collaboration, new product development is also on a network base. The concept of innovation ecosystem is built upon knowledge creating and sharing across companies, knowledge institutions, policy regimes, business enterprises and industry boundaries. China as the largest emerging market has witnessed innovation with interaction among government, university, industry and research. Though government plays an important role in promoting innovation, not many studies have covered the detailed dynamic process and impact of policy on forming innovation ecosystem, especially in places where initial knowledge resources such as universities and research institutes are limited. Therefore, our article aims to fill in this research gap. Through document review and case study on Changzhou region of China, 1 we map out the local government policy concerns and changes during each stage of innovation ecosystem formation, development and expansion from 2001 to 2015. The interaction mechanism among government, university, industry and research is summarised with a proposed framework to highlight the key policy making areas. Further research areas are recommended with implication and conclusion.


2014 ◽  
Vol 13 (5) ◽  
pp. 4524-4529
Author(s):  
Dr. Syed Muneer ◽  
Turab Ali Shah ◽  
Syed Hassan Abbas

The study was conducted to examine the impact of on-the- job training on employee performance by using a questionnaire for collecting responses from the sample to check the above relation through SPSS 16. Data reduction technique was used to form the factors from number of variables and then linear regression was applied by putting employee performance as a dependent variable and training as a independent variable. Study concluded that 50% of employee performance depends on- the- job training. 


2020 ◽  
Vol 2 (1) ◽  
pp. 233-244
Author(s):  
Victor Ogneru ◽  
Stelian Stancu

Abstract The paper analyzes the relationship between the total tax amount paid by the Romanian companies and several indicators of size, financial performance, and capital structure to identify whether there is an impact of these indicators on the tax potential and to assess the impact of the tax burden on the performance of companies as well. The total tax amount is viewed on the one hand as a tax burden when it is used as an independent variable, and as tax potential when it is used as a dependent variable. To assess these relationships, we applied cross-sectional regression models for each year of analysis, 2014-2018, using balance sheet data from the entire population of Romanian companies. In literature, is questioned only the relationship between tax burden and economic performance. Our study emphasizes the link between tax potential and some characteristics of the companies. We have identified, also, the determinants of return of equity in the case of Romanian companies. Overall, the data reveal major structural changes during the period of analysis. This movement did not affect the tax potential, but the performance of undertakings. Our findings show that it is necessary to rethink economic and tax policies.


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