The Role of Market-Share Management Strategies in Explaining the Stocks Performance Variance of a Number of Industrial Companies- An Analytical Research

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Hussein Qusay Abbood ◽  
Mustafa Muneer Isma'eel
Keyword(s):  
Market Share ◽  
Fixed Effects ◽  
Positive Impact ◽  
Stock Exchange ◽  
Management Strategies ◽  
Fixed Effects Model ◽  
Industrial Companies ◽  
Analytical Research ◽  
Research Period

The study aims to know the nature of the expected relationship between market share management strategies and the variation in the performance of the shares of a number of Iraqi industrial companies listed in the Iraqi Stock Exchange. For the period (2005-2018) in the light of both the monthly closing prices and sales volume during the research period, the (Panel Data) method was relied on through a stylistic test (fixed effects model and random effects model), and the results determined the need to adopt the fixed effects model method for sample data and test Assumptions, the results showed the positive impact of market share according to its strategies on the performance of stocks according to its studied indicators (Treynor index and Sharpe index), and the results of the study also showed that the variation in managing market share strategies leads to affecting the performance of stocks and in terms of both return and risk.

scholarly journals EFFECTS OF SELECTED COMPANY-SPECIFIC VARIABLES IN THE DETERMINATION OF COMPANY LEVERAGE: EVIDENCE FROM TEXTILE INDUSTRY OF BANGLADESH

2021 ◽  
pp. 19-29
Keyword(s):  
Textile Industry ◽  
Fixed Effects ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Fixed Effects Model ◽  
Data Set ◽  
Hausman Test ◽  
Asset Turnover

The purpose of this study is to investigate the effects of profitability, liquidity, size, tangibility, and asset turnover on the leverage of the textile industry of Bangladesh. This paper analyzed 20 companies out of 56 companies listed in the Dhaka Stock Exchange. The data set is for the periods from 2016 to 2019. To find the effects on the dependent variable, the Fixed Effects Model has been used which has been selected using the Hausman test. To test heteroskedasticity, the Breusch-Pagan heteroskedasticity test has been used. The study found size, profitability, and tangibility having a significant effect. While size and tangibility have a positive impact on leverage, profitability has a negative impact. The findings are diversified in nature. The results are not all consistent with the previous studies conducted in different developing countries. So, the policymakers should have in-depth insights while making decisions.

scholarly journals Could Air Quality Get Better during Epidemic Prevention and Control in China? An Analysis Based on Regression Discontinuity Design

Land ◽  
2021 ◽  
Vol 10 (4) ◽  
pp. 373
Author(s):  
Xinghua Zhao ◽  
Zheng Cheng ◽  
Chen Jiang
Keyword(s):  
Air Quality ◽  
Fixed Effects ◽  
Environmental Governance ◽  
Regression Discontinuity ◽  
Positive Impact ◽  
Management Strategies ◽  
Ambient Air ◽  
Regression Discontinuity Design ◽  
Fixed Effects Model ◽  
The Public

Though many scholars and practitioners are paying more attention to the health and life of the public after the COVID-19 outbreak, extant literature has so far failed to explore the variation of ambient air quality during this pandemic. The current study attempts to fill the gap by disentangling the causal effects of epidemic prevention on air quality in China, measured by the individual pollutant dimensionless index, from other confounding factors. Using the fixed effects model, this article finds that five air indicators, PM2.5, PM10, CO, NO2, and SO2, significantly improved during the shutdown period, with NO2 showing the most improvement. On the contrary, O3 shows an inverse pattern, that is, O3 gets worse unexpectedly. The positive impact of epidemic prevention on air quality, especially in terms of PM2.5, PM10, and NO2, become manifest five days after the resumption of labor, indicated by the result of a regression discontinuity design. These findings are still robust and consistent after the dataset of 2019 as a counterfactual sample is utilized. The findings of this paper make contributions to both environmental governance and pandemic prevention, with relevant guidelines regarding the health and life of the public and governmental behavioral management strategies discussed.

Fair Value Accounting for Non-Current Assets and its Role in Determining Auditing Fees

2021 ◽  
Vol 22 (2) ◽  
Author(s):  
Hanady Alshdaifat ◽  
Nidal Zalloum
Keyword(s):  
Corporate Governance ◽  
Fixed Effects ◽  
Audit Fees ◽  
Fair Value ◽  
Board Independence ◽  
Fixed Effects Model ◽  
Valuation Methods ◽  
Industrial Companies ◽  
The Impact

The study aimed to identify the role of non-current assets’ fair value in determining audit fees, in addition to studying the impact of non-current assets’ fair value on audit fees. This was achieved through different valuation methods and the corporate governance represented by board independence for the period of 2013 to 2018. The study included 50 industrial companies listed on the ASE. 'The panel data was processed using the fixed effects model, and the study found that there is a reverse effect of the non-current assets’ fair value on the audit fees. Furthermore, the study found a difference in the non-current assets’ fair value on audit fees through corporate governance represented by the independent board of directors as well as a difference in the non-current assets’ fair value on audit fees by different fair value valuation methods measured at the first, second and third levels.

scholarly journals Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Muhammad Anif Afandi ◽  
Muhammad Amin
Keyword(s):  
Economic Growth ◽  
Fixed Effects ◽  
Islamic Banking ◽  
Fixed Effects Model ◽  
Islamic Bank ◽  
Bank Financing ◽  
Panel Data Regression ◽  
Data Regression ◽  
Almost All

Islamic banking industry shows a reasonably good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia. However, the question is how far Islamic banking capable of contributing to the improvement of Indonesia's economic growth? The purpose of this research is to examine the role of Islamic banking in promoting inclusive economic growth with a sample of 33 provinces in Indonesia. The method used in this research is panel data regression using the fixed effects model. The results show that Islamic bank financing does not have an impact on Indonesia's economic growth. In other words, the results of the research provide information that the existence of Islamic banking in Indonesia has not yet give a significant impact on the welfare of Indonesian society

scholarly journals The Impact Of Good Corporate Governance To Manufacturing Firm’s Profitability And Firm’s Value

2016 ◽  
Vol 5 (2) ◽  
pp. 181-196 ◽  
Author(s):  
Johanes Sumarno ◽  
Sendy Widjaja ◽  
Subandriah Subandriah
Keyword(s):  
Corporate Governance ◽  
Fixed Effects ◽  
Negative Impact ◽  
Stock Exchange ◽  
Manufacturing Firms ◽  
Fixed Effects Model ◽  
Good Corporate Governance ◽  
Oecd Principles ◽  
Equitable Treatment ◽  
The Impact

This paper studied the behavior of management toward the implementation of Good Corporate Governance in Indonesia to determine whether it has any influence towards profitability and its implication to the Manufacturing Firms’ value publicly listed in Indonesian Stock Exchange. There were 41 corporations who met the criteria of the survey. The data were analyzed using Panel Regression with fixed effects Model. The empirical findings show that the implementation of Corporate Governance in Indonesia has a positive, significant and direct impact toward firms’ profitability and firms’ value. Corporate Governance principles based on OECD principles that have positive and significant impact to both profitability and Firms’ Valueis Rights of Shareholders, Role of Stakeholders, Responsibilities of the Board Commissioners and Board of Directors. The principles that have significance and negative impact towards corporate profitability and value, are: Equitable treatment of shareholders and Disclosure and Transparencies. The most significant principle influencing profitability and firms’ value is Disclosure and Transparencies. Profitability plays a greater role in influencing Manufacturing Firms’ value in Indonesia. DOI: 10.15408/sjie.v5i2.3542

scholarly journals The Effect of Management Characteristics on Audit Report Readability

Economies ◽  
2022 ◽  
Vol 10 (1) ◽  
pp. 12
Author(s):  
Mahdi Salehi ◽  
Grzegorz Zimon ◽  
Maryam Seifzadeh
Keyword(s):  
Earnings Management ◽  
Significant Relationship ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Favourable Effect ◽  
Fixed Effects Model ◽  
Audit Report ◽  
Listed Firms ◽  
Managerial Entrenchment ◽  
Ceo Narcissism

The present study investigates the relationship between management characteristics (managerial entrenchment, CEO narcissism, overconfidence, board effort, real and accrual-based earnings management) and the audit report readability of listed firms. In other words, this paper seeks to answer the question of “whether management characteristics can have a favourable effect on the audit report readability or not.” The multivariate regression model is used for this study. Research hypotheses were also examined using a sample of 1004 observations on the Tehran Stock Exchange during 2012–2018 and by employing multiple regression patterns based on a panel data technique and fixed effects model. The results show a negative and significant relationship between managerial entrenchment and real and accrual-based earnings management and the audit report readability, based on the FOG index, and a positive and significant relationship between management narcissism, CEO overconfidence, and board effort and the audit report readability, based on the FOG index. Moreover, a negative and significant relationship exists between management entrenchment, CEO overconfidence, real and accrual-based earnings management, and audit report readability based on text length and Flesch indices. A positive and significant relationship was evident between CEO narcissism and board effort and audit report readability based on the same indices. Besides, research models were also examined for more confidence using other additional methods, including FE, T + 1, ABB, and GMM, which confirm the study’s preliminary results. Since the present study is the first paper to investigate such a topic in the emergent markets, it provides valuable information about intrinsic and acquisitive characteristics of management for users, analysts, and legal institutions that contribute significantly to financial statement readability.

The relationship between intellectual capital and financial statements readability: the role of management characteristics

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mahdi Salehi ◽  
Hassan Mohammadzadeh Moghadam ◽  
Zohreh Hajiha
Keyword(s):  
Regression Model ◽  
Intellectual Capital ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Financial Statements ◽  
Multiple Regression Model ◽  
Content Type ◽  
The Relationship

Purpose The present study aims to investigate the relationship between intellectual capital and the readability of financial statements with the mediating role of management characteristics of companies listed on the Tehran Stock Exchange. In other words, this research tries to find the answer to whether intellectual capital can positively affect the readability of financial statements. Design/methodology/approach A multivariate regression model was used to test the hypotheses for this purpose. The research hypotheses were tested using a sample of 1,309 observations listed on the Tehran Stock Exchange from 2012 to 2018 and a multiple regression model based on panel data and fixed-effects models. Findings The results indicate that intellectual capital has a positive and significant relationship with the readability of financial statements, which means that with increasing intellectual capital in companies, financial statements’ readability also increases. Based on the hypothesis test results, it has been determined that narcissism, accrual and real earnings management have a negative effect on the relationship between intellectual capital and the readability of financial statements. Originality/value Since the present study examines such an issue in emerging markets, it provides users, analysts and legal entities with useful information about management’s inherent and acquired characteristics that significantly impact the purchase of audit opinion. This study’s results also contribute to developing science and knowledge in this field and close the literature gap.

Corporate Social, Environmental, and Governance Reporting and Firm's Characteristics

2019 ◽  
pp. 697-721
Author(s):  
Md. Nazrul Islam ◽  
Mohammad Ashraful Ferdous Chowdhury ◽  
Mehedi Hasan Tuhin ◽  
Md. Masud Sarker
Keyword(s):  
Fixed Effects ◽  
Banking Sector ◽  
Positive Impact ◽  
Stock Exchange ◽  
Annual Reports ◽  
Environmental Reporting ◽  
Reporting Practices ◽  
The Social ◽  
Social Environmental ◽  
Corporate Social

The study aimed to explore the social, environmental and governance (SEG) reporting practices of Banking sector of Bangladesh. In conducting the study, the longitudinal data has been used over the period 2000-2015 taking all the 30listed private commercial banks in Dhaka Stock Exchange Limited. Three separate reporting index for social, environmental and governance have been developed to measure reporting practices using the dichotomous method from the published annual reports of banks. The analysis found that corporate social, environmental and governance reporting has been increased over the study period. The statistical measure showed that social, governance and environmental reporting were made 46%, 49% and 1% respectively over the period while total SEGwas 39% over the period. The econometrics models using fixed effects showed that corporate profitability, size, age and leverage have positive impact on SEG reporting. The main cause of low SEG reporting could be due to the insufficient laws and framework of SEG reporting.

scholarly journals Employee Benefits Accounting, Its Impact on the Market Share Price, the Volume of Credit Facilities and Deposits

2017 ◽  
Vol 10 (1) ◽  
pp. 23
Author(s):  
Mohammad Hamdan ◽  
Marie Bany Khaled ◽  
Sakhr Bany Khaled
Keyword(s):  
Market Share ◽  
Positive Impact ◽  
Stock Exchange ◽  
Market Price ◽  
Employee Benefits ◽  
Share Price ◽  
Economic Statistics ◽  
Amman Stock Exchange ◽  
The Impact ◽  
Descriptive Method

This study aims to examine the impact of employee benefitsaccounting (direct and indirect compensation) on (market price, volume of credit facilities and volume of deposits). The study community is represented by commercialbanks listed on the Amman Stock Exchange (ASE), all the continuous banks whose financial data were available during the study period (2007-2015) were selected represented in (13) banks. In order to realize the objectives of the study, the study was based on qualitative data and analytical descriptive method (Panel Data), (E-Views) economic statistics software was used to test hypotheses. The results of the study showed that there is a statisticallysignificant impact on both typesof employees compensations as a whole (direct and indirect) on the market share price, the volume of credit facilities and the volume of deposits. While the results of the study confirmed that the indirect compensation has not got an impact on the volume of customer deposits when it is measured separately. Finally, the study recommended the need to apply good systems that take into account the interest of both the employers and employees for the positive impact on the market share price, the volume of credit facilities and the volume of deposits.

The Study of the Factors Affecting Urban Residential Land Price

2013 ◽  
Vol 357-360 ◽  
pp. 2854-2858
Author(s):  
Hui Jiang ◽  
Sheng Hua Jia ◽  
Yan Feng Huang
Keyword(s):  
Fixed Effects ◽  
Positive Impact ◽  
Urban Infrastructure ◽  
Living Standards ◽  
Fixed Effects Model ◽  
Land Price ◽  
Residential Land ◽  
Factors Affecting ◽  
Panel Model ◽  
Level Of Economic Development

In this paper, we use the 2005-2010 data of 35 large and medium cities in China to establish a panel model, and fixed effects model is used to estimate the factors that affect the price of urban residential land. The empirical results show that urban infrastructure, the level of economic development, the living standards of residents and the size of the population have a significant positive impact on urban residential land price.

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