scholarly journals Shareholding Patterns and Financial Performance: Evidence from the Banking Sector in Bangladesh

2020 ◽  
Vol 19 (1) ◽  
Author(s):  
Mohammad Kamal Hossain ◽  
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Annual Reports ◽  
Economic Value Added ◽  
Return On Equity ◽  
Conflicting Result ◽  
The Relationship

This study attempts to examine the relationship between shareholding patterns and banks’ financial performance, as defined from three different dimensions, namely, profit-based performance measured by return on equity (ROE), market-based performance measured by Tobin’s Q (TQ) and valuebased performance measured by economic value added (EVA). It included 29 out of the 30 banks listed on the Dhaka Stock Exchange for the period 2013–2017, providing a balanced panel with 145 observations. All data were collected from the annual reports of the respective banks. The randomeffects GLS regression model was employed to test the chosen hypotheses. This study found a conflicting result, i.e. there was a relationship between some, but not all of the patterns of shareholdings and financial performance of the listed banks in Bangladesh. For example, a significant relationship between foreign shareholding and banks’ financial performance, as measured by ROE, TQ and EVA-log, was found. Sponsor-directors and general public shareholdings were found to be significantly related to ROE and EVA-log, but insignificantly associated with TQ. However, institutional and government shareholdings were insignificantly related to the banks’ financial performance, regardless of the measures employed to assess it. This study contributes to the existing literature by exploring the relationship between shareholding patterns and banks’ financial performance, and may indicate the need for a restructuring of the existing shareholding patterns in the banking sector in Bangladesh in order to maximise performance. This study is distinctive compared to prior studies, as it examines the relationship between the shareholding patterns disclosed in the annual reports of the sampled banks and banks’ performance, as measured by EVA-log along with ROE and TQ, which have not been covered earlier. KEYWORDS: Shareholding patterns, Financial performance, Economic value added, Banking sector in Bangladesh

scholarly journals A Review of the Relationship between Corporate Financial Performance and the Level of Related Party Transactions among Listed Companies on Tehran Stock Exchange

2016 ◽  
Vol 8 (7) ◽  
pp. 330
Author(s):  
Ali Basalighe ◽  
Ehsan Khansalar
Keyword(s):  
Financial Performance ◽  
Economic Performance ◽  
Business Models ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Multivariate Regression Analysis ◽  
Economic Value Added ◽  
Related Party Transactions ◽  
The Relationship

<p>The main objective of the investors to invest in stocks is to earn a profit and this is achieved by firm performance improvement. So the investors analyze various kinds of financial performance data for the different kinds of business models to determine whether some models perform better than others.</p>The<em> </em>present study aims to collect the evidences of the relationship between firm economic performance and the level of related party transactions on Tehran Stock Exchange. So far, empirical evidences are not provided to reveal a clear picture of the reasons behind the related party transactions in Iran. In the case of opportunistic behavior in transactions, it is expected that the level of related party transactions has a relationship with economic performance variables. The research data have been collected over 1387-1393 for companies listed on Tehran Stock Exchange and to test the hypotheses, multivariate regression analysis of panel data is used. The results indicate that at a 95% confidence level, the economic value added (EVA), refined economic value added (Reva) and the market value added (MVA) variables have a significant relationship with the level of related party transactions.

scholarly journals PENGARUH ECONOMIC VALUE ADDED (EVA) DAN RASIO PROFITABILITAS TERHADAP HARGA SAHAM

2018 ◽  
Vol 2 (2) ◽  
pp. 290-303
Author(s):  
Venni Agnatia ◽  
Diah Amalia
Keyword(s):  
Coal Mining ◽  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Equity ◽  
Total Data ◽  
Profitability Ratios

The purpose of this research is to analyze the effect of Economic Value Added (EVA) and profitability ratios partially and simultaneously to the coal mining company’s stock price. The profitability ratios used in this research as independent variable are Return on Asset (ROA), Return on Equity (ROE), Return on Investment (ROI) and Net Profit Margin (NPM) although the stock price as the dependent variable. The samples used were 14 companies from 25 coal mining companies listed in Indonesia Stock Exchange during the period 2011-2017 so total data processed is 98 samples. This research used linear regression analysis with Eviews version 9. The result indicated that partially the variable ROA and ROI has significant positive effect on stock price. EVA, ROE and NPM does not affect the stock price. All variables simultaneously affect to the stock price.   Keyword: EVA, ROA, ROE, ROI, NPM, Stock Price

scholarly journals A Review of the Relationship between Ownership Structure and Economic Performance Criteria in Companies Listed on Tehran Stock Exchange

2016 ◽  
Vol 8 (6) ◽  
pp. 89
Author(s):  
Ali Yaghoobi ◽  
Ehsan Khansalar
Keyword(s):  
Ownership Structure ◽  
Economic Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Performance Criteria ◽  
Economic Value Added ◽  
Cross Sectional ◽  
Independent Variables ◽  
The Relationship

<p>The aim of this study is to investigate the relationship between ownership structure and economic performance criteria of companies listed on Tehran Stock Exchange. This study is a descriptive- applied research that reviews the cross-sectional data relating to 114 listed companies between 1387-1393. Multivariate regression is used to analyze the effect of each of these factors on economic performance.</p>The results show that from three applied independent variables in the regression model, there is a significant relationship in a<strong> </strong>95% confidence level between Institutional ownership and property management and economic value added and modified economic value added but there is not any relationship between ownership concentration variable and economic performance criteria. The obtained determination coefficient for the above relationship shows that the independent variables explain only part of the economic performance, and investors need to consider other factors as well to evaluate the economic performance of the company.

scholarly journals ANALISIS PERBANDINGAN ANTARA RASIO KEUANGAN DAN METODE ECONOMIC VALUE ADDED SEBAGAI PENGUKUR KINERJA KEUANGAN PERUSAHAAN (STUDI KASUS PADA PERUSAHAAN ROKOK YANG TERDAFTAR DI BEI PERIODE TAHUN 2012 -2014

2016 ◽  
Vol 1 (01) ◽  
Author(s):  
Any Arisanti ◽  
IBK Bayangkara
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Financial Ratios ◽  
Economic Value Added ◽  
New Approach ◽  
Financial Situation ◽  
The Past

This study aimed to describe and compare the company's financial performance as measured by the method of Economic Value Added (EVA) is a new approach which assesses the company's financial performance by taking into account the expectations of donors, particularly shareholders and creditors. Financial Ratios and analysis to assess the company's financial situation in the past, present and future. The research object is a cigarette company listed on the Stock Exchange in the period 2012 - 2014, that are PT. Gudang Garam Tbk, PT. HM Sampoerna Tbk, PT. Bentoel Internasional Investama Tbk, and PT. Wismilak Inti Makmur, Tbk. This type of research is comparative descriptive, while the data used is secondary data obtained from the Indonesia Stock Exchange. The Results of financial ratios calculation fluctuated every company each year. In the EVA calculation are the average of 2012 - 2014, PT. HM Sampoerna Tbk has the highest EVA value, then PT. Gudang Garam Tbk, hereinafter PT. Bentoel Internasional Investama Tbk and last PT. Wismilak Inti Makmur, Tbk. EVA is always positive (EVA> 0) in 2012-2014 means that the management company is able to create economic value for shareholders, and of course the company's financial performance is also good.Keywords: financial performance, financial ratios, EVA

scholarly journals PENGARUH FIRM SIZE, LEVERAGE DAN PROFITABILITY TERHADAP ECONOMIC VALUE ADDED (EVA) PADA EMITEN MANUFAKTUR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 7 (2) ◽  
pp. 33-46
Author(s):  
Maharani Rahma
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Generalized Least Squares ◽  
Total Asset ◽  
Economic Value Added ◽  
Return On Equity ◽  
Independent Variables

The purpose of this research is to analyze the effect of the Firm Size, Leverage and Profitability Tto Economic Value Added on emiten manufactur in Indonesia Stock Exchange. The selected independent variables in this study are Total Asset, Debt to Equity Ratio (DER) and Return on Equity (ROE) and the dependent varable is Economic Value Added (EVA). This research was conducted on manufactur listed issuers in Indonesia Stock Exchange in 2010-2014 period. Research carried out by using 59 sampels based on stratefied random sampling method. Panel Data Regression Models with Generalized Least Squares (GLS) method is used to data analysis and hipothesis testing. The results of this research and hypothesis testing indicate that: (1) Partially,Total Assets,ROE have a possitively relationships with significantly affect to the EVA and DER have a possitvely relationships with not significantly affect to the EVA.(2) Total Asset, DER and Profitability simultaneously have possitively relationship with  significantly affect to the EVA. (3) model in this study showed a weak pattern relationships between the dependent variable with the independent variables. Keywords : Firm Size, Leverage, Profitability, Economic Value Added, panel data

scholarly journals Human Capital Efficiency and Financial Performance: Empirical Evidence of Malaysian Public Companies.

2018 ◽  
pp. 878-884
Author(s):  
Azlina Rahim ◽  
Amrizah Kamaluddin ◽  
Ruhaya Atan
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Value Added ◽  
Annual Reports ◽  
Public Companies ◽  
Accounting Data ◽  
Return On Equity ◽  
Capital Efficiency ◽  
Financial Performance Measures ◽  
The Relationship

The purpose of this study is to investigate empirically the relationship between human capital efficiency and financial performance of Malaysian public companies. Using accounting data, this study reviewed the annual reports of Malaysian companies for a period of thirteen years from 2000 to 2012. The study applied Value Added Intellectual Coefficient (VAICTM) methodology developed by Ante Pulic to determine the human capital efficiency of a company. The regression models was construct to examine the relationship between human capital efficiency and financial performance measures including return on assets (ROA) and return on equity (ROE).The results revealed that human capital efficiency has significant and positive relationships with financial performance. The human capital efficiency is seen as a value driver for a company’s competitiveness. Hence, the findings of this study should help companies’ managers to make better decision pertaining to investment of their strategic asset that is human capital.

scholarly journals PERBEDAAN ECONOMIC VALUE ADDED BERDASARKAN SIKLUS HIDUP PERUSAHAAN DAN PASAR

2018 ◽  
Vol 8 (2) ◽  
pp. 393
Author(s):  
Harning Priyastuty ◽  
Bambang Subroto ◽  
Wuryan Andayani
Keyword(s):  
Life Cycle ◽  
Financial Performance ◽  
Economic Value ◽  
External Environment ◽  
Value Added ◽  
Economic Value Added ◽  
Analysis Method ◽  
Strategic Risk ◽  
The Relationship ◽  
Manufacture Company

Abstract. This study aims to examime whether corporate and market life cycle situation have impact on financial performance. The situation that is experienced by company has impact on future financial performance. This matter is due to the risk that is taken by the company to confront that situation. The relationship between risk and return in this study will be explained by prospect theory. This study use the population of manufacture company listed in BEI period 2013-2015. This study use 115 sample of manufacture company. Those samples will be classified based on nine combination of corporate and market life cycle and will be tested with comparative test. The data analysis method of this study is mean rank comparative with kruskal wallis test. The result shows that corporate and market cycle have no impact on future financial performance. The result shows that there is no difference of financial performance based on corporate and market life cycle. This matter is caused by act of determine strategic risk that need a lot of another internal and external environment consideration

scholarly journals ANALISIS KINERJA KEUANGAN BERDASARKAN ECONOMIC VALUE ADDED (EVA) DAN FINANCIAL VALUE ADDED (FVA) (STUDI KASUS PADA PT. NIPPON INDOSARI CORPINDO TBK. TAHUN 2014-2018)

2020 ◽  
Vol 7 (2) ◽  
pp. 103
Author(s):  
Nangsi Mohamad ◽  
Lanto Miriatin Amali ◽  
Meriyana Franssisca Dungga
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Research Data ◽  
State University ◽  
Economic Value Added ◽  
Average Value ◽  
Quantitative Descriptive

Analysis of Financial Performance based on Economic Value Added (EVA) and Financial Value Added (FVA) (Case Study at PT. Nippon Indosari Corpindo Tbk in 2014-2018). Bachelor’s Degree Program in Management, Faculty of Economics, State University of Gorontalo. The principal sepervisior is Lanto Miriatin Amali, S. Sos., M.Si., and the co-supervisor is Meriyana Frsansissca Dungga, SE, MM. The research objective was to find out the financial performance of company based on analysis Economic Value Added (EVA) and Financial Value Added (FVA) from 2014 to 2018 at PT. Nippon Indosari Corpindo Tbk. The research data were obtained through financial statement in Indonesia Stock Exchange in form of company’s annual statement. The research data were secondary data. The research method used quantitative descriptive. The research sample focused on PT. Nippon Indosari Corpindo Tbk at Indonesia Stock Exchange (IDX). The research finding indicated that the result of calculation from economic value added (EVA) and Financial Value Added (FVA) at PT. Nippon Indosari Corindo Tbk listed in Indonesia Stock Exchange (IDX) fluctuated or limit of economic value added and limit of financial value added were dynamic expriencing movement although the condition of value was dynamic (up-down). Yet the average value of both was > 0 (positive) so that it was assumed to have been able to create economic value added and financial value added.

scholarly journals ANALISIS RASIO DAN ECONOMIC VALUE ADDED (EVA) UNTUK MENILAI KINERJA KEUANGAN PT. HM. SAMPOERNATbk. TAHUN 2014 - 2016

2019 ◽  
Vol 3 (1) ◽  
pp. 41-52
Author(s):  
Wakhid Yuliyanto ◽  
Firgian Rafingki
Keyword(s):  
Financial Performance ◽  
Activity Ratio ◽  
Economic Value ◽  
Good Condition ◽  
Value Added ◽  
Economic Value Added ◽  
Return On Equity ◽  
Financial Report ◽  
Quantitative Descriptive ◽  
Turn Over

This purpose of this research is to identify the  financial performance based on the result of calculation Analisys Ratio and Economic Value Added ( EVA ) in the financial report of PT. HM. Sampoerna Tbk period 2014 – 2016 because of in every annual report there was un explaining how condition of financial performance of this company .This research it is a quantitative descriptive research. The method used was Analysis Ratio and Economic Value Added (EVA). Analysis Ratio used was Liquidity Ratio (Current Ratio,Quick Ratio,Cash Ratio), Solvability Ratio (Debt to Assests Ratio, Debt to Equity Ratio), Activity Ratio (Inventory Turn Over Ratio, Total Assets Turn Over) and Profitability Ratio (Return On Assest, Return On Equity). For the result of the calculation Analysis Ratio the company in condition good condition of the financial performance if  assess from Liquidity Ratio, Solvability Ratio, Activity Ratio and Profitability Ratio because of the result was over average of a kind industry. Meanwhile the result which is used was EVA in period 2014 – 2016 the result all of them positive value which mean there is value added which is  indication PT. HM. Sampoerna Tbk in good condition of the financial performance. Based on result of the analysis overall financial performance of PT. HM. Sampoerna Tbk. in 2014 – 2016 is good with revenue increase every year. However the company has not maximized fund resources to making a profit.

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