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.

scholarly journals The Effect of Sales Growth, Capital Expenditure, and Working Capital Efficiency on Indonesian-Listed-Consumer-Goods Firms’ Financial Performance with Capital Structure as Moderating Variable

2019 ◽  
Vol 1 (1) ◽  
pp. 1-15
Author(s):  
Youlanda Githa Dovita ◽  
Andewi Rokhmawati ◽  
Ahmad Fauzan Fathoni
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Consumer Goods ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Partial Least Square ◽  
Least Square ◽  
Sales Growth ◽  
Working Capital ◽  
Capital Efficiency

This study aims to determine the effect of sales growth, capital expenditure and working capital efficiency on financial performance which is moderated by the capital structure. The population in this study was all consumer goods industry firms listed on the Indonesia Stock Exchange in 2014-2017. Sampling in this study was based on purposive sampling and obtained as many as 35 firms. The analytical method used was Partial Least Square (PLS) analysis. The results showed that sales growth and capital expenditure do not significantly affect capital structure; working capital and capital structure has a positive and significant effect on financial performance. Meanwhile, as a moderating variable, capital structure is not able to moderate the influence of sales growth on financial performance. Capital structure weakens the effect of capital expenditure and efficiency working capital on financial performance.

scholarly journals Pengaruh Working Capital Turnover, Total Asset Turnover, Asset Growth Dan Sales Growth Terhadap Kinerja Keuangan Perusahaan Consumer Goods Yang Terdaftar Di Bursa Efek Indonesia Selama Tahun 2013-2016

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Shelly Andelline Dan Indra Widjaja
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Total Asset ◽  
Sales Growth ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Independent Variables ◽  
Asset Turnover ◽  
Asset Growth

The purpose of this research is to determine the influence of working capital turnover, total asset turnover, asset growth and sales growth partially and simultaneously to the financial performance of consumer goods companies listed on the Indonesia Stock Exchange during the year 2013-2016. The populations in this research are all manufacturing companies of consumer goods industry listed in Indonesia Stock Exchange. Sampling was done by purposive sampling method. Based on the type of data and analysis, this research is quantitative research and the data source used is secondary data. Data collection method used is direct observation method. Based on multiple linear regression test, it can be concluded that working capital turnover, total asset turnover influence to financial performance while asset growth and sales growth have no influence to financial performance. Simultaneously, the four independent variables significantly influence the financial performance. Based on the coefficient of determination can be concluded that the four independent variables affect the financial performance by 92.65%.

PERAN DESIGNATED PERSON ASHORE (DPA) DALAM PENGOPERASIAN KAPAL YANG AMAN SESUAI KETENTUAN NASIONAL DAN INTERNASIONAL

2019 ◽  
Vol 20 (1) ◽  
Author(s):  
Suganjar Suganjar ◽  
Renny Hermawati
Keyword(s):  
Marine Environment ◽  
Emergency Preparedness ◽  
Safety Management ◽  
Shipping Industry ◽  
Safe Operation ◽  
International Regulation ◽  
Loss Of Life ◽  
Shipping Company ◽  
Environmental Protection Policy ◽  
Human Injury

<p><em>Safety management in the shipping industry is based on an international regulation. It is International Safety Management Code (ISM-Code) which is a translation of SOLAS ‘74 Chapter IX. It stated that t</em><em>he objectives of the Code are to ensure safety at sea, prevention of human injury or loss of life, and avoidance of damage to the environment, in particular, to the marine environment, and to property.it is also</em><em> requires commitment from top management to implementation on both company and on board. The implementation of the ISM-Code is expected to make the ship’s safety is more secure. The ISM-Code fulfillment refers to 16 elements, there are; General; Safety and Environmental Protection Policy; Company Responsibility and Authority; Designated Person(s); Master Responsibility and Authority; Resources and Personnel; Shipboard Operation; Emergency Preparedness; Report and Analysis of Non-conformities, Accidents and Hazardous Occurrences; Maintenance of the Ship and Equipment; Documentation; Company Verification, Review, and Evaluation;  Certification and Periodical Verification; Interim Certification; Verification; Forms of Certificate. The responsibility and authority of Designated Person Ashore / DPA in a shipping company is regulated in the ISM-Code. So, it is expected that DPA can carry out its role well, than can minimize the level of accidents in each vessels owned/operated by each shipping company.</em></p><p><em></em><strong><em>Keywords :</em></strong><em> ISM Code,</em><em> </em><em>Safety management, </em><em>Designated Person Ashore</em></p><p> </p><p> </p><p>Manajemen keselamatan di bidang pelayaran saat ini diimplementasikan dalam suatu peraturan internasional yaitu <em>International Safety Management Code</em> (<em>ISM-Code</em>) yang merupakan penjabaran dari <em>SOLAS 74 Chapter IX</em>-<em>Management for the safe operation of ships</em>. Tujuan dari <em>ISM-Code</em> <em>“The objectives of the Code are to ensure safety at sea, prevention of human injury or loss of life, and avoidance of damage to the environment, in particular, to the marine environment, and to property”</em> dan  <em>ISM-Code</em> menghendaki adanya komitmen dari manajemen tingkat puncak sampai pelaksanaan, baik di darat maupun di kapal.  Pemberlakuan <em>ISM-Code</em> tersebut diharapkan akan membuat keselamatan kapal menjadi lebih terjamin. Pemenuhan <em>ISM-Code</em> mengacu kepada 16 elemen yang terdiri dari ; umum; kebijakan keselamatan  dan perlindungan lingkungan; tanggung jawab dan wewenang perusahaan; petugas yang ditunjuk didarat; tanggung jawab dan wewenang nahkoda; sumber daya dan personil; pengopersian kapal; kesiapan menghadapi keadaan darurat; pelaporan dan analisis ketidaksesuaian, kecelakaan dan kejadian berbahaya; pemeliharaan kapal dan perlengkapan;  Dokumentasi; verifikasi, tinjauan ulang, dan evaluasi oleh perusahaan; sertifikasi dan verifikasi berkala; sertifikasi sementara; verifikasi; bentuk sertifikat. Tugas dan tanggungjawab <em>Designated Person Ashore/DPA </em>didalam suatu perusahaan pelayaran<em>, </em>telah diatur di dalam <em>ISM-Code.</em>  Sehingga diharapkan agar DPA dapat melaksanakan peranannya dengan baik, sehingga dapat menekan tingkat kecelakaan di setiap armada kapal yang dimiliki oleh setiap perusahaan pelayaran.</p><p class="Style1"><strong>Kata kunci</strong> : <em>ISM Code</em>, Manajemen keselamatan, <em>Designated Person Ashore</em></p>

Factors That Influence Financial Performance

2019 ◽  
Vol 118 (5) ◽  
pp. 1-8
Author(s):  
Nursito ◽  
Yulianto Hadi ◽  
Dewi Puspaningtyas Faeni
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Debt Ratio ◽  
Working Capital ◽  
Current Ratio ◽  
Feed Industry ◽  
Livestock Feed ◽  
Net Profit ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to test empirically the factors that affect financial performance: current ratio, debt ratio, debt to equity ratio, total asset turnover, working capital turnover and net profit margin on return on investment in subsector of livestock feed industry listed in Indonesia Stock Exchange during the period 2006-2015.

Envisioning a Jewish Maritime Space

2018 ◽  
Author(s):  
Björn Siegel
Keyword(s):  
Interwar Period ◽  
Personal Networks ◽  
Shipping Industry ◽  
Jewish State ◽  
Shipping Company ◽  
Spatial Factors ◽  
Mass Migration ◽  
Political Interests ◽  
The Future ◽  
Theodor Herzl

This chapter examines the ideological and economic dimensions of the Zionist concept “conquest of the sea” that emerged in the 1920s and 1930s by focusing on the role played by Arnold Bernstein in the emergence of an example of a Jewish shipping industry during the interwar period. In 1895, Theodor Herzl characterized the future Jewish state as the end product of an organized mass migration and endorsed the notion of “conquest of the sea” as a necessary component of this process. The chapter first provides a background on the Palestine Shipping Company founded by Bernstein before discussing the spatial factors that influenced the emergence of a Jewish shipping industry. It suggests that the construction of a Jewish maritime “space” was guided by ideological clashes, economic and political interests, and personal networks.

scholarly journals Financial performance of shipping firms that increase LNG carriers and the support of eco-innovation

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Kian-Guan Lim ◽  
Michelle Lim
Keyword(s):  
Natural Gas ◽  
Financial Performance ◽  
Stock Returns ◽  
Stock Return ◽  
Fossil Fuel ◽  
Operational Efficiency ◽  
Liquefied Natural Gas ◽  
Marine Fuel ◽  
Financial Benefits ◽  
Firm Profitability

AbstractThe technology to liquefy natural gas for transport to countries worldwide and the increasing use of natural gas as a cleaner fossil fuel for industry and household meant that the supply of liquified natural gas (LNG) worldwide is a profitable trend. Shipping companies can strategically choose to diversify into LNG fleet to grasp this trend. By supplying more LNG shipping capacities, the greater availability of LNG worldwide, as a source of marine fuel and as a source of cleaner energy in replacing coal and oil, is supporting eco-innovation. In this paper, we investigate three economic and financial benefits to a shipping firm that diversified into liquefied natural gas (LNG) shipping, namely firm profitability performance, firm efficiency, and stock return performance. We also investigate if there is an early mover advantage in doing so. Our empirical findings indicate that fleet diversification into LNG carriers resulted in higher profitability and better operational efficiency. For the listed shipping firms, their stock returns increased with diversified exposures to the LNG business. There is some evidence of higher profitability in the early mover advantage. Firms that originated in LNG business also benefited when there was diversification into the non-LNG business.

scholarly journals The Impact of Working Capital Management on Firm Profitability: Empirical Evidence from the Polish Listed Firms

2020 ◽  
Vol 14 (1) ◽  
pp. 9
Author(s):  
Sorin Anton ◽  
Anca Afloarei Nucu
Keyword(s):  
Empirical Evidence ◽  
Ordinary Least Squares ◽  
Optimum Level ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Listed Firms ◽  
Firm Profitability ◽  
Break Even Point ◽  
The Impact

The purpose of this study is to investigate the relationship between working capital and firm profitability for a sample of 719 Polish listed firms over the period of 2007–2016. The scarcity of empirical evidence for emerging economies and the importance of working capital efficiency motivate the research on the working capital–financial performance relationship. The paper adopts a quantitative approach using different panel data techniques (ordinary least squares, fixed effects, and panel-corrected standard errors models). The empirical results report an inverted U-shape relationship between working capital level and firm profitability, meaning that working capital has a positive effect on the profitability of Polish firms to a break-even point (optimum level). After the break-even point, working capital starts to negatively affect firm profitability. The study brings theoretical and practical contributions. It extends and complements the literature on the field by highlighting new evidence on the non-linear interrelation between working capital management (WCM) and corporate performance in Poland. From the practitioners’ perspective, the results highlight the importance of WCM for firm profitability.

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