scholarly journals Voluntary Environmental Disclosure and Corporate Performance: A Study of Quoted Consumer Goods Manufacturing Firms in Nigeria

2021 ◽  
Vol 6 (6) ◽  
pp. 261-265
Author(s):  
Mudashiru A. Adebayo ◽  
Raymond A. Ezejiofor
Keyword(s):  
Consumer Goods ◽  
Voluntary Disclosure ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Environmental Disclosure ◽  
Current Ratio ◽  
Ex Post ◽  
Sustainability Disclosure

This study examined the effect of voluntary environmental disclosure on the corporate performance of quoted consumer goods manufacturing firms in Nigeria. The study specifically examined the effect of voluntary disclosure on the current ratio and quick ratio. The study used the ex post facto research design. The population of the study was drawn from selected consumer good manufacturing firms quoted on the floor of the Nigerian Stock Exchange. The study was based on secondary sources of data, collected from annual financial reports. The study found that voluntary disclosure is positively related to the current ratio and a quick ratio of quoted manufacturing companies in Nigeria. The study recommended among others that to further fortify corporate governance practices among firms, there should be severe execution of Nigerian Stock Exchange sustainability disclosure guidelines for manufacturing firms.

scholarly journals THE EFFECT OF DEBT TO EQUITY RATIO (DER), CURRENT RATIO (CR), AND GROWTH ASSETS ON DIVIDEND POLICY IN CONSUMER GOODS MANUFACTURING COMPANIES WHICH IS LISTED IN THE STOCK EXCHANGE INDONESIA 2015-2017 PERIOD

ACCRUALS ◽  
2020 ◽  
Vol 4 (02) ◽  
pp. 175-184
Author(s):  
Jasinta Mustika Sianipar
Keyword(s):  
Consumer Goods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Regression Methods ◽  
Equity Ratio ◽  
Asset Growth ◽  
Quantitative Descriptive

The existence of this study is to determine the effect of DER, CR, and AG on the consumer goods sector dividend policy contained on the IDX. Research is classified as a quantitative approach, the type of research used is quantitative descriptive and its nature is based on the level of explanation. The population is 50 companies and the sample is 19 companies. Data collection techniques are documentation and sources of IDX financial statements. This research is tested using multiple linear regression methods before testing the hypothesis the data will be tested using the classic assumption test. The conclusions obtained in the study showed that simultaneously DER, CR, and AG had a positive influence on dividend policy. Partially, DER has a positive and significant impact on dividend policy with a value of 2,792> 1.67412 and 0.008 <0.05. CR positive and significant effect on dividend policy 2,780> 1.67412 and 0.008 <0.05. AG negative and insignificant effect 2.780> 1.67412 and significant value 0.436> 0.05.Keywords: Debt To Equity Ratio (Der), Current Ratio (Cr), And Asset Growth (AG) Against Dividend Policy

scholarly journals VALUE RELEVANCE OF ACCOUNTING INFORMATION AND SHARE PRICE: AN EMPIRICAL STUDY ON MANUFACTURING FIRMS IN NIGERIA

2020 ◽  
pp. 64-77
Author(s):  
OC Ogbodo ◽  
Benjamin Osisioma
Keyword(s):  
Value Relevance ◽  
Stock Exchange ◽  
Accounting Information ◽  
Manufacturing Firms ◽  
Least Square ◽  
Share Price ◽  
Manufacturing Companies ◽  
Causality Test ◽  
Ex Post ◽  
Ex Post Facto

This study assessed the relationship between the value relevance of accounting information and share price with a focus on manufacturing companies listed on the Nigerian Stock Exchange (NSE). The Ex-post facto research design was used. Ordinary Least Square (OLS) regression analysis and Granger Causality test was used to test the hypothesis with the aid of E-View 9.0. The results of this study revealed that there is a significant positive relationship between Dividend per Share and the Share Price. The researcher recommends among others that standard setters, the stock market regulators and listed manufacturing firms in Nigeria should continuously devise ways of improving the quality of accounting information published in financial statements to maintain and increase their value relevance to the investors and other stakeholders.

scholarly journals PENGARUH STRATEGI DIVERSIFIKASI, INTELLECTUAL CAPITAL DAN KARAKTERISTIK PERUSAHAAN TERHADAP KINERJA PERUSAHAAN DI INDONESIA

2019 ◽  
Vol 14 (1) ◽  
pp. 37
Author(s):  
Muthia Safira Ariani
Keyword(s):  
Firm Performance ◽  
Firm Size ◽  
Intellectual Capital ◽  
Consumer Goods ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Corporate Management ◽  
Manufacturing Companies ◽  
Community Needs ◽  
Diversification Strategies

<p><em>As an effort to fulfill the demands of the community needs and improving corporate performance, the implementation of various strategies and good corporate management are believed to be a very important steps. The purpose of this study was to examine the effect of diversification strategies, intellectual capital and company characteristics to the firm performance in Indonesia. The sample used are consumer goods sub-sector of manufacturing companies listed in the Indonesia Stock Exchange from 2015 to 2017 period. The results prove that there are negative influences of diversification and leverage, and the positive influences of intellectual capital and firm size to the firm performance.</em></p>

scholarly journals The Influence Of Return On Assets, Current Ratio And Earning Pershare On Stock Prices Of Manufacturing Companies In The Consumption Industry Sector In The Indonesia Stock Exchange 2012-2015

2021 ◽  
Vol 2 (4) ◽  
pp. 1383-1386
Author(s):  
Isna Asdiani Nasution ◽  
Angelin
Keyword(s):  
Consumer Goods ◽  
Stock Prices ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Share Price ◽  
Research Approach ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Industry Sector

The objective of the research was to test and analyze the effect of Return on Assets, current ratio and earnings per share on share price of manufacturing companies of consumer goods in the Indonesia Stock Exchange in the period of 2012-2015. The research is used a quantitative research approach. The type of research is causal relationship. The nature of descriptive explanatory research was. The research populations were listed in the Indonesia Stock Exchange in the period of 2012-2015 manufacturing companies at consumer goods consisting of 37 companies. The research samples were 24 companies. The finding as well as the conclusion of research and return on assets affected by the share of manufacturing companies of the industry sector in the Indonesia Stock Exchange in the period of 2012-2015. Current Ratio did not affect share price of Manufacturing Companies in the Consumer Industry sector on the Indonesia Stock Exchange in the period of 2012-2015. Earning per Share affected Price of Shares of manufacturing companies of consumer industry on the Indonesia Stock Exchange in the period of 2012-2015. Simultaneously, Return on Assets, Current Ratio and Earning per Share affected share price of manufacturing companies of consumer industry sectors in the Indonesia Stock Exchange in the period of 2012-2015 known from its signficant level less than 0.05.  

scholarly journals Faktor Penentu Profitabilitas Pada Perusahaan Manufaktur Sektor Consumer Goods

2020 ◽  
Vol 2 (2) ◽  
pp. 306
Author(s):  
Olsha Fisena ◽  
Indra Widjaja
Keyword(s):  
Consumer Goods ◽  
Sampling Method ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Purposive Sampling ◽  
Corporate Growth ◽  
Asset Growth

The purpose of this study is to examine the effect of debt to total assets ratio, current ratio, efficiency, and corporate growth on profitability on manufacturing companies in the sector of consumer goods listed in Indonesia Stock Exchange in the period 2015-2018. Number of samples are 36 samples by purposive sampling method. Data were collected through Indonesia Stock Exchange official website, which are idx.co.id and idnfinancials.com. Data were processed by using Eviews10 software. The results in this study show that debt to total assets ratio has a positive significant effect on profitability (ROE). Efficiency (TATO) has a negative significant effect on profitability (ROE). While current ratio and corporate growth (asset growth) have no significant effect on profitability (ROE). The purpose of this study is to examine the effect of debt to total assets ratio, current ratio, efficiency, and corporate growth on profitability on manufacturing companies in the sector of consumer goods listed in Indonesia Stock Exchange in the period 2015-2018. Number of samples are 36 samples by purposive sampling method. Data were collected through Indonesia Stock Exchange official website, which are idx.co.id and idnfinancials.com. Data were processed by using Eviews10 software. The results in this study show that debt to total assets ratio has a positive significant effect on profitability (ROE). Efficiency (TATO) has a negative significant effect on profitability (ROE). While current ratio and corporate growth (asset growth) have no significant effect on profitability (ROE).

scholarly journals Environmental accounting disclosure practices of quoted manufacturing companies in Nigeria

2021 ◽  
Vol 11 (1) ◽  
pp. 42-47
Author(s):  
Temitope Mariam Worimegbe ◽  
Timothy Oyewole
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Environmental Accounting ◽  
Annual Reports ◽  
Global Reporting Initiative ◽  
Manufacturing Companies ◽  
Environmental Disclosure ◽  
Ex Post ◽  
Significant Difference ◽  
Disclosure Practice

The study assessed the level of environmental disclosure practice of manufacturing companies in Nigeria. Anchored on the legitimacy theory, the ex-post facto research design was adopted by the study. The sample was drawn from the population of sixty quoted manufacturing companies on the floor of the Nigerian Stock Exchange as at 31 December, 2017 using the judgmental sampling technique. The study variables were sourced from the annual reports and the stand-alone environmental reports of the selected companies from 2007-2017. The Global Reporting Initiative (GRI) environmental disclosure index was adopted in assessing the disclosure practice of the companies over the years. The findings showed that the environmental disclosure practice of the quoted manufacturing companies was low in the areas of material, energy, emissions, effluent and waste, water and biodiversity. A good number of the manufacturing companies disclosed very well the theme “others” in the area of environmental expenditure and investment. The study further observed a non-significant statistical difference in the disclosure practice of manufacturing companies over the years (t = -1.440, p = .223). The study concluded that there exists no significant difference in the level of environmental disclosure practice of manufacturing companies in Nigeria from 2007 to 2017.

scholarly journals PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN GOOD CORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAAN

2013 ◽  
Vol 2 (1) ◽  
Author(s):  
Retno Kusuma Dewi ◽  
Bambang Widagdo
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Good Corporate Governance ◽  
Corporate Social ◽  
Descriptive Statistical Analysis

PENGARUH CORPORATE SOCIAL RESPONSIBILITY DAN GOODCORPORATE GOVERNANCE TERHADAP KINERJA PERUSAHAANRetno Kusuma DewiDinas Pendidikan Pemuda dan Olahraga Kab.KediriE-mail: [email protected] WidagdoUniversitas Muhammadiyah MalangE-mail: [email protected] study aims to describe and examine the effect of Corporate Social Responsibility and GoodCorporate Governance on Corporate Performance in the manufacturing companies listed on theStock Exchange in 2010.This study built on the belief that with the implementation of the practice ofcorporate social responsibility (CSR), it will give assurance to stakeholders that the company hasdone a good corporate governance (GCG), which is expected to improve company performance.Data collection using purposive sampling to manufacturing companies listed on the Indonesia StockExchange in 2010. A total of 98 manufacturing firms are used as samples.Analytical techniques usedin this study using descriptive statistical analysis and pathway analysisThe results of this study indicate that the manufacturing companies listed on the Stock Exchange in2010 has done a good CSR, through disclosing social responsibility in the annual report.While theimplementation of GCG and ROE in the manufacturing companies listed on the Stock Exchange in2010 was bad.Corporate Social Responsibility significant influence on Good Corporate Governance,Good Corporate Governance significantly influence the performance of the company, CorporateSocial Responsibility significantly influence the performance of the company through good corporategovernance as an intervening variableKeywords: corporate social responsibility, good corporate governance, corporate performance

DOES WORKING CAPITAL MANAGEMENT AFFECT THE PROFITABILITY OF CONSUMER GOODS MANUFACTURING FIRMS IN NIGERIA?

2021 ◽  
Vol 15 (1) ◽  
Author(s):  
J. OLABISI ◽  
D. A. OLADEJO ◽  
O. O. OWORU ◽  
M. A. ABIORO
Keyword(s):  
Consumer Goods ◽  
Control Variable ◽  
Manufacturing Firms ◽  
Manufacturing Companies ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Ex Post ◽  
Inventory Turnover

The study examined the effect of working capital management on profitability of consumer goods manufacturing firms in Nigeria between the periods 2009 to 2018. The study adopted ex-post-facto design to generate data from the audited financial statements of the selected companies. The population of the study comprised 24 listed consumer goods manufacturing companies, out of which 10 were purposively selected based on the availability of data. The surrogates for independent variables were Account Payable Period (APP), Account Receivable Period (ARP), Inventory Turnover Period (INVTP), Cash Conversion Cycle (CCC) and Sales Growth (SG) as a control variable while the proxy for profitability was Return on Asset (ROA). Descriptive and inferential statistics coupled with multiple regressions were adopted to analyze the data.  The Random Effects Generalized Least Square showed that ARP, INVTP, CCC had a negative and significant relationship with ROA while APP, SG had a positive and insignificant relationship with ROA. The study concluded that timely collection of debts and shorter inventory turnover period with cash conversion cycle enhance profitability of consumer goods manufacturing companies. Hence, the study suggested that the management of the companies should implement efficient working capital management for improved profitability.    

scholarly journals Determinasi Profitabilitas Pada Perusahaan Manufaktur Sektor Barang Konsumsi

2020 ◽  
Vol 4 (1) ◽  
pp. 81-104
Author(s):  
Evi Husnah ◽  
Iwan Setiadi
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Sample Selection ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Current Ratio ◽  
Industry Sector ◽  
Asset Turnover ◽  
Consumer Goods Industry

This study aims to analyze the effect of Current Ratio, Total Asset Turnover, Debt to Equity and Firm Size on Profitability in Manufacturing Companies in the Consumer Goods Industry Sector in 2011-2017. The design of this study is causal associative. The population of this study includes all Manufacturing Companies of the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange during 2011-2017. Sample selection techniques using purposive sampling method and research data obtained by 20 companies. The data analysis technique is done by using Descriptive Statistical Analysis, Classic assumption test which includes normality test, autocorrelation test, heteroscedasticity test and multicollinearity test, Multiple Linear Regression Test and Model Feasibility Test which include Determination Coefficient Test, T test and F Test. The research results partially show the Current Ratio has a negative and not significant effect on Return on Assets. Total Asset Turnover and company size have a positive and significant effect on Return on Assets, and Debt to Equity Ratio has a negative and significant effect on Return on Assets. But Simultaneously it is known that CR, TATO, DER and Size have a significant effect on ROA.

Pengaruh Rasio Hutang terhadap Ekuitas, Rasio Saat Ini, Rasio Cepat, Peralihan Aset dan Pengembalian Aset terhadap Pertumbuhan Laba pada Perusahaan Manufaktur Sektor Industri Dasar Kimia

2021 ◽  
Vol 1 (1) ◽  
pp. 27-37
Author(s):  
Mayang Puspitasari ◽  
◽  
Muhammad Nuur Farid Thoha ◽  
Keyword(s):  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Selection Criterion ◽  
Sampling Technique ◽  
Total Asset ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Asset Turnover ◽  
The Impact ◽  
Profit Growth

Abstract Purpose: This study aimed to ascertain the impact of debt-to-equity ratio, current ratio, quick ratio, total asset turnover, and return on assets on profit growth in basic industrial and chemical manufacturing companies listed on the Indonesian Stock Exchange from 2013 to 2017. Research Methodology: The population of this study consists of 69 firms, 52 of which passed the sample selection criterion using a purposive sampling technique. The data sources for this study are the financial statements of the companies sampled via www.idx.co.id. This study employs multiple linear regression analysis and is conducted using the SPSS software version 20. (Statistical Product and Service Solutions). Results: The results of this study indicate that ROA has an impact on profit growth, while the current ratio, quick ratio, total asset turnover, and debt to equity ratios do not.

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