scholarly journals Risk Management Under Impacts of Macro Economic Factors Ina Big Seafood Ex-Import Firm -Angiang Fisheries Ex-Import Jsc. In Vietnam

Management ◽  
2021 ◽  
Vol 25 (1) ◽  
pp. 172-185
Author(s):  
Nguyen Ngoc Thach ◽  
Dinh Tran Ngoc Huy

Summary AnGiang Fisheries Ex-Import Joint Stock Company (AGF) was established in 2001. Agifish has traditionally beena leader in the fields of production and business activities, scientific research in the field of fingerling production, seafood processing technology and the development of value added products processed from Basa fish, tra fish. Agifish cares about buildinga spirit of solidarity between leaders, managers and workers striving for the development of the Company. Because we figure out there isa research gap in which many previous studies forgot to explore both internal and external macroeconomic elements and their impacts on stock price of Agifish (AGF),a big Vietnam fisheries firm, in the context Viet Nam and the US economies receive impacts from global economic crisis. With the using of quantitative analysis and statistics, regression OLS, together with qualitative methods including synthesis, comparison and explanatory methods, authors recognize that, ina six factor model, AGF stock price goes up together with effects from increase in GDP growth and lending rate declines. Last but not least, our research model can be expanded to other markets.

2016 ◽  
Vol 8 (2) ◽  
pp. 182-191
Author(s):  
Rima Tamošiūnienė ◽  
Justina Paškevičienė

The demand for value determination increased after rising of the Lithuanian economics. The joint-stock company value depends on the stock price and the company’s profit according to the “stock pricing for profit” method. The purpose of this scientific paper is the financial indicators’ and listed company’s stock price link determining the value. The analysis methods are: the research of scientific literature, data analysis, summarizing and graphic visualization. The link between financial indicators and the stock price is determined on the basis of correlation regression analysis. The analysis showed that listed on the stock exchange company’s stocks already have some value as they raise the capital. The research results revealed the stock price’s direct dependence on the fixed asset turnover and the debt-to-asset ratios. Likvidumo rodikliai traktuojami kaip vieni iš svarbiausių įmonės finansinę būklę rodančių rodiklių. Likvidumas neatsiejamai veikia įmonės vertę. Svarbu nustatyti, kaip, kontroliuojant įmonės likvidumo rodiklius, teigiamai paveikti įmonės vertę ir identifikuoti esminius įmonės finansinio likvidumo veiksnius, kuriems reikėtų skirti daugiausiai dėmesio, siekiant maksimizuoti įmonės vertę. Straipsnyje pateikiamas išvestinis DuPont analizės modelis, pagal kurį vertinamas įmonės grynasis apyvartinis kapitalas ir pridėtinė ekonominė vertė (angl. Economic Value Added – EVA). Ši minėto modelio kintamųjų priklausomybės schema pagrindžia likvidumo poveikį galutinei įmonės vertei. Pateikiamas praktinis modelio veikimas bei išvados. Šis išvestinis DuPont analizės modelis, paremtas apyvartinio kapitalo ir EVA kintamaisiais – tai instrumentas, naudingas įmonės vadovams bei akcininkams, siekiant padidinti įmonės vertę valdant įmonės likvidumą, ieškant papildomų galimybių didinti įmonės likvidumą.


2013 ◽  
Vol 15 (3) ◽  
pp. 89-103
Author(s):  
Mita Nezky

This paper analyzes the impact of the financial crisis in United States 2008 on Indonesia’s economy, by using Structural Vector Autoregressive (SVAR) model of 5 variables; Dow Jones Industrial Average, exchange rate, composite stock price index (IHSG), production index and trade tax income. The result shows that the US crisis affects the capital market in Indonesia where the Dow Jones Industrial Average plays greater role in explaining the IHSG, compared to Rupiah rate, production index and the trade income tax. In addition, the US crisis affects the volume and the trade income tax in Indonesia. These empirical results bring policy implication for Bappepam-LK as stock market regulator to intervene or to suspend the trade when the volatility exceeds the psychological threshold. It also emphasizes the necessity to diversify the export country destination and to increase the quality and the value added of Indonesian export.Keywords : US Crisis, stock market, trade, SVAR.JEL Classification : G18


2013 ◽  
Vol 215 ◽  
pp. 104-120
Author(s):  
LAN PHẠM XUÂN ◽  
HỒNG THÁI DOÃN

The paper determines motivational factors affecting employees? organizational commitment in HCMC Trade Union Tourism Joint Stock Company. The research model and scales are constructed on findings of Kovach (1987) and qualitative research results. The paper figures out four important motivational factors, that is: (1) company trade mark and image, (2) good wages, (3) leadership, and (4) interesting work.


2021 ◽  
Vol 8 (4) ◽  
pp. 1481-1528
Author(s):  
Sinhara M.H.D. Perera ◽  
Chathuranga Wickramasinghe ◽  
B.K.T. Samarasiri ◽  
Mahinsasa Narayana

Thermochemical processes, which include pyrolysis, torrefaction, gasification, combustion, and hydrothermal conversions, are perceived to be more efficient in converting waste biomass to energy and value-added products than biochemical processes. From the chemical point of view, thermochemical processes are highly complex and sensitive to numerous physicochemical properties, thus making reactor and process modeling more challenging. Nevertheless, the successful commercialization of these processes is contingent upon optimized reactor and process designs, which can be effectively achieved via modeling and simulation. Models of various scales with numerous simplifying assumptions have been developed for specific applications of thermochemical conversion of waste biomass. However, there is a research gap that needs to be explored to elaborate the scale of applicability, limitations, accuracy, validity, and special features of each model. This review study investigates all above mentioned important aspects and features of the existing models for all established industrial thermochemical conversion processes with emphasis on waste biomass, thus addressing the research gap mentioned above and presenting commercial-scale applicability in terms of reactor designing, process control and optimization, and potential ways to upgrade existing models for higher accuracy.


2013 ◽  
Vol 15 (3) ◽  
pp. 83-96
Author(s):  
Mita Nezky

This paper analyzes the impact of the financial crisis in United States 2008 on Indonesia’s economy, by using Structural Vector Autoregressive (SVAR) model of 5 variables; Dow Jones Industrial Average, exchange rate, composite stock price index (IHSG), production index and trade tax income. The result shows that the US crisis affects the capital market in Indonesia where the Dow Jones Industrial Average plays greater role in explaining the IHSG, compared to Rupiah rate, production index and the trade income tax. In addition, the US crisis affects the volume and the trade income tax in Indonesia. These empirical results bring policy implication for Bappepam-LK as stock market regulator to intervene or to suspend the trade when the volatility exceeds the psychological threshold. It also emphasizes the necessity to diversify the export country destination and to increase the quality and the value added of Indonesian export. Keywords : US Crisis, stock market, trade, SVAR.JEL Classification : G18


Legal Studies ◽  
2003 ◽  
Vol 23 (3) ◽  
pp. 453-509 ◽  
Author(s):  
Paddy Ireland

This paper critically evaluates the contractual theories of companies and company law which have risen to prominence in recent years. It argues that history reveals as misguided the attempt to depict public companies as essentially contractual in nature, one of the most striking features of the development in nineteenth century Britain of the first body of (joint stock) company law having been its gradual move away from the principles of agency and contract underlying the law of partnership from which it emerged. Against this backdrop, the paper moves on to explore the ways in which theorists have tried, against the odds, to characterise public Companies as contractual and the reasons for their attempting to do so. While it might be apposite to view many private or closely held companies through the prism of contract, the paper argues, public companies and much of company law itself can only properly be understood when viewed through the prism of financial property. Indeed, it suggests, this is implicitly confirmed by the Company Law Review and (paradoxically) by the recent work of corporate governance specialists and financial economists in the US, with its focus on investor protection and the preservation of financial property's integrity, and its emphasis on the crucial role of (public) regulation in these processes. The paper concludes that these property forms are not merely the objects, but the products of regulation and that this has important implications for our understanding of both company law and corporate governance. In making these arguments, it seeks to cast some light on the nature of intangible property, on the differences between contract-based and property-based rights, on the neo-liberal idea of ‘deregulation’, and on the unity and scope of company law as a legal category.


Author(s):  
Mirosław Wasilewski ◽  
Robert Stolarski

The subject of the study undertaken was determination of relations between the level and structure of costs and the economic efficiency of the company of Polish food production sector, using the case study of Colian joint-stock company. The study adopted aggregated data of the prices and costs level, the profitability indicators of revenue of assets (ROA), the economic viability of sales (ROS), the net value added, and data from periodic reports on the structure of costs by comparative cost system. The level of costs in the sector and in the company increased, despite the decrease in the share of costs of materials and energy, wages and salaries, social security and other benefits, depreciation as well as taxes and fees in the cost structure. The rate of decline in the operating profitability of assets, the economic profitability of sales and the level of value added at enterprise was lower than the increase in the level of costs, which may result from non-operational activities.


2021 ◽  
Vol 25 (6) ◽  
pp. 145-164
Author(s):  
B. Tekin

In today’s globally competitive environment, companies must keep up with these competitive conditions to be successful. Failure of companies to show the expected financial performance, fulfil their financial obligations, or reach their financial targets is considered a financial failure or bankruptcy risk. Real Estate Investment Companies or Trusts (REICs or REITs) are capital market institutions that qualify as legal entities and are partnerships in a joint-stock company that provides financing to all kinds of real estate or real estate projects and bring together many investors for the desired real estate. REITs are an essential investment choice that continues its rapid development in Turkey. This study aims to examine the relationships between the ZScores calculated by periods of REIT companies traded in Borsa Istanbul between 2010–2019 and the stock price performances. In the study, primarily Altman Z-Score and Springate S-Score values of companies traded in Borsa Istanbul were calculated with the help of financial ratios. Then, Pedroni and Kao panel co-integration analysis and Dumitrescu-Hurlin panel causality analysis were performed. According to the analysis results, there is a long-term relationship between the financial failure scores of REIT companies and their stock prices. However, a causality relationship was found between the series.


2020 ◽  
Vol 36 (2) ◽  
pp. 427-431
Author(s):  
Aurelie M. C. Lange ◽  
Marc J. M. H. Delsing ◽  
Ron H. J. Scholte ◽  
Rachel E. A. van der Rijken

Abstract. The Therapist Adherence Measure (TAM-R) is a central assessment within the quality-assurance system of Multisystemic Therapy (MST). Studies into the validity and reliability of the TAM in the US have found varying numbers of latent factors. The current study aimed to reexamine its factor structure using two independent samples of families participating in MST in the Netherlands. The factor structure was explored using an Exploratory Factor Analysis (EFA) in Sample 1 ( N = 580). This resulted in a two-factor solution. The factors were labeled “therapist adherence” and “client–therapist alliance.” Four cross-loading items were dropped. Reliability of the resulting factors was good. This two-factor model showed good model fit in a subsequent Confirmatory Factor Analysis (CFA) in Sample 2 ( N = 723). The current finding of an alliance component corroborates previous studies and fits with the focus of the MST treatment model on creating engagement.


Sign in / Sign up

Export Citation Format

Share Document