scholarly journals Operating Leverage, Sales Growth and Financial Performance: The Case of Turkey

2021 ◽  
pp. 185-198
Author(s):  
İsmail KALASH ◽  
Abdulkadir BİLEN
Keyword(s):  
Financial Performance ◽  
Sales Growth ◽  
Operating Leverage

scholarly journals EFFECT ON THE FINANCIAL CONDITION AND PROFITABILITY OF NONFINANCIAL PERFOMANCE IN THE INDONESIAN SHIPPING COMPANY

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Supardi Supardi
Keyword(s):  
Financial Performance ◽  
Sales Growth ◽  
Shipping Industry ◽  
Capital Asset ◽  
Working Capital ◽  
Shipping Company ◽  
Ship Building ◽  
Financial Condition ◽  
Firm Profitability ◽  
Operating Leverage

Abstract: One problem often encountered by management in the shipping industry companies in Indonesia are financial problems, because it collided with the availability of working capital which the company cannot be operated because the funds will be used for the purchase of raw materials and to give employees salary.This research analyzes the influence of financial condition consisting of working capital, asset structure, operating leverage, and sales growth on the firm profitability as well as on its non financial performance of ship building companies in Indonesia. By employing the multiple regression, the result of the estimation showed that among those variables underlined, working capital, asset structure, and sales growth proved to be significantly affecting the firm profitability and its nonfinancial performance, meanwhile the operating leverage has been proved non-significant. This research concludes that the management should pay more attention on working capital and the asset structure being the predominant variable, besides its asset structure and the sales growth, affecting the ship building companies performance in Indonesia. Shipping companies can grow and expand. To be able to increase profitability by increasing the shipping company's own capital and reducing a portion of the shipping company, the more active equity and profitability will also be good. On the other hand if it continues to rely on capital from outside, it will cause emergence of interest expense to be borne by the shipping company. Keyword: Working Capital, Asset Structure, Operating Leverage, Sales Growth, Profitability, Non-Financial Performance.

Harmony-oriented retail innovations and financial performance

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mónika Anetta Alt ◽  
Zombor Berezvai ◽  
Irma Agárdi
Keyword(s):  
Financial Performance ◽  
Sales Growth ◽  
Asian Countries ◽  
Human Relationships ◽  
Content Type ◽  
Research Findings ◽  
The Relationship ◽  
Positive Effect ◽  
Practical Implications ◽  
Innovation Outcomes

PurposeRecently, a growing need for harmony has been observed worldwide. Harmony is a universal value in both Western and Asian countries. This paper aims to study how the concept of harmony is reflected in the innovation of European multinational grocery retailers and how harmony-related innovations affect the financial performance of the retailers.Design/methodology/approachThe research is based on a multisource database including innovation outcomes and financial performance indicators of 17 European multinational grocery retailers in the period of 2011–2018. In sum, 1,399 innovations were identified by content analysis. The relationship between innovation outcomes and financial performance was measured by panel regression analysis.FindingsResults indicate that retailers differ in launching harmony-oriented innovations. Moreover, 40% more innovations are related to harmony with people as those related to harmony with nature. Finally, harmony-with-people innovations have a significantly positive effect on retailers' sales growth.Practical implicationsBased on the research findings, retailers can improve their sales growth by launching innovations that focus on harmony in human relationships.Originality/valueThis paper extended the concept of harmony to the field of innovations. First, the research showed how the value of harmony appears in the innovations of multinational retailers. Second, the study differentiated between harmony-with-people and harmony-with-nature innovations. Third, the findings revealed that harmony-oriented innovations contribute to retailers' financial performance.

scholarly journals PENGARUH PENGUNGKAPAN ESG TERHADAP KINERJA KEUANGAN PERUSAHAAN (STUDI EMPIRIS PADA PERUSAHAAN SEKTOR KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2017-2019)

2021 ◽  
Vol 8 (2) ◽  
pp. 122-144
Author(s):  
Era Vivianti Husada ◽  
Susi Handayani
Keyword(s):  
Regression Analysis ◽  
Financial Performance ◽  
Multiple Regression Analysis ◽  
Economic Performance ◽  
Stock Exchange ◽  
Control Variable ◽  
Mixed Result ◽  
Sales Growth ◽  
Analysis Method ◽  
Performance Variables

This study aims to examine the effect of ESG disclosure on financial performance within firm. By using sample of 80 firms in finance sector, listed in Indonesia Stock Exchange for 2017-2019, sample selected using purposive sampling technique.Financial performance measured by Return on Asset, Tobin’s Q, and Sales Growth, the analysis method used is multiple regression analysis. The result showed that ESG disclosure only affect Return on Asset simultaneously, furtheranalysis showed that none of the economic performance variables affected by ESG disclosure partially, instead control variable produce mixed result that affect financial performance variable itself.

scholarly journals Analysis of the financial performance of enterprises based in the Vysočina Region

2011 ◽  
Vol 59 (4) ◽  
pp. 355-362 ◽  
Author(s):  
Ladislav Šiška
Keyword(s):  
Financial Performance ◽  
The Other ◽  
Sales Growth ◽  
Agricultural Enterprises ◽  
Construction Companies ◽  
Industrial Enterprises ◽  
Industrial Sectors ◽  
Other Hand ◽  
The Subject

The subject of this article lies in the analysis of the financial performance of 481 enterprises with more than 20 employees based in the Vysočina Region. The analysis was carried out on the basis of publicly available data for the period of 2006–2008. The comparison used adjusted average values of ROS and sales growth for the years specified above. The results indicate differences between industrial sectors, as well as between the districts of the Vysočina Region. Financially well-performing agricultural enterprises are mostly located in the Region of Pelhřimov, while successful industrial enterprises tend to be based in the Districts of Žďár nad Sázavou and Havlíčkův Brod. On the other hand, construction companies are most successful in the Districts of Pelhřimov and Jihlava.

scholarly journals ANALISIS PENERAPAN EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) TERHADAP KINERJA KEUANGAN & PERFORMANCE SAHAM (Studi Kasus Terhadap Emiten Yang Melakukan Penerapan ESOP di Bursa Efek Indonesia Tahun 2007)

2019 ◽  
Author(s):  
Kiki Andreas ◽  
Aan Soelehan
Keyword(s):  
Financial Performance ◽  
Financial Statements ◽  
Performance Data ◽  
Stock Ownership ◽  
Sales Growth ◽  
Stock Trading ◽  
Stock Performance ◽  
Employee Stock Ownership ◽  
Corporate Action ◽  
One Year

ESOP (Employee Stock Ownership Program) is a corporate action that share ownership program in which companies give or sell their shares to employees with a limited number. Expected from the actions of this corporation ESOP can increase loyalty, productivity and management will result in improved performance of the Issuer or Public Company, which will ultimately improve the performance of Indonesia's capital marketThe research data was taken from the six companies that make corporate action ESOP in 2007. Financial performance data derived from financial statements of each company for one year before the corporate action and take two years after the ESOP implementation. Stock performance data taken from the company's financial statements, and also the volume of stock trading company for one year prior to application of the ESOP and the ESOP two years after implementation.Analysis method was used to answer the research problem is the identification of quantitative descriptive analysis. The analysis was conducted to describe the condition of financial performance and stock performance of companies and compared to a year before and two years after implementation of the ESOP. Conditions described by liquidity, financial performance, profitability, and sales growth, and performance shares to be described by Price Earning Ratio, Earning Per Share and Stock Trading Volume.The results showed that applying ESOP company has the financial performance and good stock performance during the year prior to application of the ESOP, the ESOP from the application of the six companies have the impact of increased financial performance during the year of ESOP adoption, particularly sales growth are up significantly, and for liquidity , the profitability of the various fluctuations in 2008, and in 2009 a decline in all aspects of one of the global financial crisis. For the analysis of stock performance does not seem that the market reaction is increasing due to the implementation of the ESOP, it is seen from the graph of stock trading volume in each company.

ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI STRUKTUR MODAL PADA PERUSAHAAN BATUBARA

2020 ◽  
Vol 3 (2) ◽  
pp. 109
Author(s):  
Rahmad Fuadiantoni ◽  
Suratna Suratna ◽  
Indro Herry Mulyanto
Keyword(s):  
Capital Structure ◽  
Growth Rates ◽  
Financial Management ◽  
Stock Exchange ◽  
National Development ◽  
Sales Growth ◽  
Optimal Capital Structure ◽  
Optimal Capital ◽  
Operating Leverage ◽  
The Capital Structure

Rahmad Fuadiantoni, Student Identity Number 152140102, Business Administration Study Program, Faculty of Social and Political Sciences, National Development University "Veteran" Yogyakarta. Title of research Analysis of Factors Affecting Capital Structure of Coal Companies Listed on Indonesia Stock Exchange Period 2012-2016. Advisor Suratna and IndroHerry Mulyanto.This study aims to determine the factors that affect the capital structure of coal companies listed on the Indonesia Stock Exchange either partially or simultaneously. This type of research is explanatory research. The sampling technique used is purposive sampling. Of the 22 coal companies listed on the Indonesia Stock Exchange, only 19 companies were taken as samples, because they have complete financial statements for 2012-2016. The analysis technique used is multiple linear regression analysis, which was previously tested with the classical assumption test and hypothesis testing using partial t test, simultaneous F test with a level of significance of 5%.The result of this research, asset structure has significant effect to capital structure. This is evidenced by a significance value of 0.017 (p ≤ 0.05). Operating leverage has a significant effect on capital structure. This is evidenced by a significance value of 0.036 (p ≤ 0.05). The level of sales growth has a significant effect on capital structure. This is evidenced by a significance value of 0.028 (p ≤ 0.05). Profitability has a significant effect on capital structure. This is evidenced by the significance value of 0.032 (p ≤ 0.05). Liquidity significantly affects the capital structure. This is evidenced by a significance value of 0.029 (p ≤ 0.05). Asset structure, operating leverage, sales growth rate, profitability, and liquidity simultaneously have a significant effect on the capital structure. This is evidenced by the significance value of F of 0.000 (p ≤ 0.05).          Conclusion, partially asset structure variables, operating leverage, sales growth rates, profitability, and liquidity have a significant effect on the capital structure. While simultaneously asset structure variables, operating leverage, sales growth rates, profitability (ROA), and liquidity have a significant effect on the capital structure. Research suggestions, for companies, companies should have plans and strategies in financial management to establish an optimal capital structure in order to maximize company profits and value. For financial management in determining the optimal capital structure should consider the factors that affect the capital structure of the asset structure, operating leverage, the level of sales growth, profitability, and liquidity. By considering these factors it is expected that the management will be easier in determining the optimal capital structure. For the researcher, for the next research should be able to use or add variables and samples in order to get better results and extend the period or time period in the observation, because the opportunity to obtain more information.

Faktor-Faktor Yang Mempengaruhi Rasio Keuangan Sebagai Prediktor Dari Kinerja Keuangan Perusahaan

2021 ◽  
Vol 26 (3) ◽  
pp. 433
Author(s):  
Ringke Dirdia, Deci N. Carani, H. S. Lestari
Keyword(s):  
Real Estate ◽  
Financial Performance ◽  
Price Index ◽  
Stock Exchange ◽  
Consumer Price Index ◽  
Sampling Technique ◽  
Company Size ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
The Impact

This study aims to examine the impact of the quick ratio, total assets turnover, leverage, company size, sales growth, and the consumer price index on the financial performance of companies in the property and real estate sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the 2016-2020 period. a total of 39 companies. The sampling technique was purposive sampling method. Data analysis using Eviews 10 software. Regression analysis technique is used to more on the influence of financial factors on the company's financial performance, as a result it can be relied upon to be the basis for conveying suggestions. The results of the analysis share that total assets turnover, leverage, sales growth, and the consumer price index have an impact on financial performance as measured by ROS and ROE. The quick ratio and company size have no effect on the financial performance of the property and real estate sub-sector manufacturing companies listed on the Indonesia Stock Exchange.

Deferred revenue changes as a leading indicator for future financial performance

2017 ◽  
Vol 25 (4) ◽  
pp. 549-568 ◽  
Author(s):  
Ke Zhong ◽  
Fang Wang ◽  
Lihui Zhou
Keyword(s):  
Financial Performance ◽  
Stock Markets ◽  
Design Methodology ◽  
Profit Margin ◽  
Sales Growth ◽  
Return On Assets ◽  
Content Type ◽  
Market Participants ◽  
Future Performance ◽  
Leading Indicator

Purpose The purpose of this paper is to investigate whether deferred revenue changes can serve as a leading indicator for firms listed on China’s stock markets, and whether China’s market participants can appropriately incorporate future performance implications of deferred revenue changes. Design/methodology/approach Empirical/archival/regression analysis. Findings The authors find that deferred revenue changes are positively associated with the next two years’ sales growth, gross profit margin, profit margin, and return on assets, suggesting that deferred revenue changes can serve as a valid leading indicator for future financial performance. The authors also find that Chinese investors tend to underweight future performance implications of deferred revenue changes. Originality/value To the authors’ knowledge, this study is among the first research to examine deferred revenue changes as a leading fundamental indicator and market underreaction to reported accounting information for firms listed on China’s stock markets.

scholarly journals The Impact of Economic Indicators on Financial Performance of Non-financial Firms on Ghana Stock Exchange

2020 ◽  
pp. 151-169
Author(s):  
Mary Donkor ◽  
Yusheng Kong ◽  
Stephen Kwadwo Antwi ◽  
Mohammed Musah ◽  
Florence Appiah Twum
Keyword(s):  
Financial Performance ◽  
Inflation Rate ◽  
Positive Impact ◽  
Stock Exchange ◽  
Economic Indicators ◽  
Company Size ◽  
Sales Growth ◽  
Financial Firms ◽  
Ghana Stock Exchange ◽  
The Impact

Financial performance is one of the basic indicators that investors and creditors check in accessing the performance of firms. The purpose of this paper is to empirically examine the impact of economic indicators on financial performance of quoted non-financial firms on the Ghana Stock Exchange (GSE). The study focuses on the impact of RealGDP, Exchange rate, Inflation, Unemployment and Interest rate as determinant of economic indicators whereas Sales growth, Company size, Leverage and Efficiency from firms specific are used as controlled variables in checking the effect of these indicators on financial performance of these firms. ROA and ROE were used as proxies for financial performance of the listed firms. The study employed a panel data of 21 listed non-financial firms from the period of 2008 to 2017. The result revealed that Real GDP and inflation have significant positive impact on ROE. On the contrarily, economic indicators used for this study showed no level of significance with ROA. Company size recorded positive and negative significant impact on ROA and ROE respectively, sales growth and efficiency were statistically significant with ROA. The study recommends government and regulatory authorities to come out with good policies that will help boost the economic activities in the country and drop inflation rate since they have the tendency of affecting non-financial firms’ performance. Moreover, management must ensure full utilization of its internal resources by focusing on diversification and expansion since company size, efficiency and sales growth affect the return on assets and equity of firms. In addition, management should warily consider inflation rate when making financial decision due to its impact on financial performance.

Sign in / Sign up

Export Citation Format

Share Document