scholarly journals The Impact of Acquisition on Bentoel Internasional Investama Corporation Financial Performance

2019 ◽  
Vol 2 (3) ◽  
pp. 144-149
Author(s):  
Wiwiek Mardawiyah Daryanto ◽  
Bramastra Purnomosidhi ◽  
Sarah Khairannisa
Keyword(s):  
Financial Performance ◽  
Empirical Analysis ◽  
Tobacco Industry ◽  
Annual Report ◽  
Investment Climate ◽  
Tobacco Company ◽  
The World ◽  
Before And After ◽  
Future Strategy ◽  
The Impact

Indonesia Tobacco Industry is one of themost prosperous business in the world, globalization made company across the globe racing to acquire tobacco company. Indonesian investment climate allows acquisition conduct by a foreign company in this sector. This study based on the acquisition of PT. Bentoel Internasional Investama (RMBA) by aforeign company (British American Tobacco) in 2010, the data was collected from the annual report of RMBA during 2006- 2015. Four accounting ratio were applied to test the signiicant change in the inancial performance of RMBA five years before and ive years after the acquisition. There is a signiicant difference in the inancial performance of the RMBA between pre and post-acquisition. The signiicant difference can be used as an input to improve RMBA inancial performance. This study provides an empirical analysis before and after acquisition that can be served for a future strategy on acquisition tobacco company in Indonesia.

scholarly journals The Impact of Mergers and Acquisitions on Financial Performance of Banks in the Kingdom of Bahrain during 2004-15

2017 ◽  
Vol 9 (4) ◽  
pp. 34-45
Author(s):  
Bushra A. Abdulwahab ◽  
Subhadra Ganguli
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Financial Statements ◽  
Significant Difference ◽  
Before And After ◽  
Future Strategy ◽  
Rating Model ◽  
The Impact ◽  
Accounting Ratios

Following the 2007 global financial crisis, more than 15 M&A transactions took place among financial institutions in the kingdom of Bahrain. This paper evaluates the impact of M&As on the financial performance of four such deals between banks in Bahrain. Data was collected from financial statements of the banks and the Bankscope database during 2004–2015. 15 accounting ratios were applied to CAMEL Rating Model approach. Financial modelling with Excel has been applied to test for the significance of changes in the financial performance of the banks three years before and three years after mergers. No significant difference in the financial performance of the local banks between pre and post M&As in the kingdom of Bahrain was observed. No significant difference in the financial performance of the acquirer bank or the target bank was observed except Bahraini Saudi Bank (target bank) which showed significant improvement in the financial performance after the merger with acquirer bank namely Al Salaam Bank. No significant change in the overall CAMEL ratios was observed for all banks involved in the M&As in Bahrain during 2004-15. The study provides an empirical analysis of the M&As before and after the mergers which can serve as a basis for further evaluation of future strategy of the banking sector in the kingdom of Bahrain.

scholarly journals Value Added Tax & Export: the Case of Selected Countries around the World

2011 ◽  
Vol 2 (6) ◽  
pp. 298-305
Author(s):  
Ahmad Jafari Samimi
Keyword(s):  
Value Added ◽  
Statistical Test ◽  
Annual Growth ◽  
Value Added Tax ◽  
Tax System ◽  
Goods And Services ◽  
The World ◽  
Before And After ◽  
The Impact ◽  
Do So

The purpose of the present paper is to compare the impact of implementing Value Added Tax on Export of goods and services in selected countries. In this paper, we used four different indices for export; export of goods and services, export of goods and services (BOP), export of goods and services (annual % growth), export of goods and services (% of GDP) to investigate the sensitivity to different definitions .To do so, study concentrated on a sample of 140 countries that have applied Value Added Tax in their tax system from 1990 to 2008. Findings of the study based on Mean Difference Statistical Test in a two threeyear periods before and after introduction of VAT. In general, the results show that, in different indices, the impact of VAT on export is positive. Therefore, it is suggested that other countries have not yet introduced the VAT to reform their tax system by introducing the VAT.

scholarly journals COUNTRY IMAGE AND FOREIGN INVESTMENT: IMPORTANT ASPECTS OF INTERDEPENDENCE

2020 ◽  
pp. 122-134
Author(s):  
Beruniy ALIMOV
Keyword(s):  
Mass Media ◽  
Foreign Investment ◽  
National Economy ◽  
Media Coverage ◽  
Investment Climate ◽  
Global Media ◽  
The World ◽  
The Republic ◽  
The Impact ◽  
Modern Technologies

This article analyzes the impact of the country's media image on foreign investment flows. Researches show, that the development of any country tensely depends on its reputation in information space. Media coverage of economic reforms and important political changes is the main reason why investors in other states show interest in the country. As a result, it is possible to achieve a multiple increase in the inflow of foreign investments. The investment of foreign investors in the national economy depends not only on the rating of enterprises or on the results of economic activity, but also on the geopolitical location of the country and its domestic and foreign policy. Investors choose the most stable countries to invest capital. That is why all countries around the world are trying to do as much as possible to minimize investment risks. Like all countries in the world, Uzbekistan is making a lot of efforts to improve the attractiveness of the investment climate in the national economy. In particular, in recent years, a special attention has been paid to the investment policy of the Republic. At the same time, mass media in Uzbekistan are trying to spread the information about the great achievements of the country to the world. In this process, modern technologies of national mass media, in particular the Internet and satellite capabilities are being used. However, it would be desirable to increase the effectiveness of the existing information capacity, strengthen mechanisms for enhancing the country's image in the global media space.

scholarly journals Dampak Pandemi Covid-19 terhadap Kinerja Keuangan Perusahaan Sektor Jasa di BEI

2021 ◽  
Vol 7 (2) ◽  
pp. 227-233
Author(s):  
Maria J F Esomar ◽  
Restia Christianty
Keyword(s):  
Financial Performance ◽  
Hypothesis Testing ◽  
Sampling Method ◽  
Stock Exchange ◽  
Paired Sample ◽  
Empirical Results ◽  
Significant Difference ◽  
Before And After ◽  
The Impact ◽  
Profitability Ratios

The Covid-19 pandemic has caused many hotels, restaurants and tourism activities to be temporarily closed. It has an impact on the financial performance towards the companies engaged in this sub-sector. The objective of this study is to analyze the impact of Covid 19 towards the financial performance of companies engaged in the sub-sector of hotel, restaurant and tourism. Financial performance is measured using several ratios, namely liquidity ratios, solvability ratios, profitability ratios and market ratio. The ype of research is descriptive quantitave. The population in this study is 35 all companies in the sub-sector of hotel, restaurant and tourism listed on the Indonesia Stock Exchange in 2019-2020 period. Samples are collected from 30 companies using purposive sampling method. Hypothesis testing is conducted using the Paired Sample t-Test. The empirical results show that, in the liquidity ratio, and market ratio there is no significant difference between the periods of before and after the first recorded Covid-19 case in Indonesia. Meanwhile, in the solvability ratio and profitability ratio, there are significant differences between the two periods.

scholarly journals Mathematical Modelling the Impact Evaluation of Lockdown on Infection Dynamics of COVID-19 in Italy.

2020 ◽  
Author(s):  
Daniyar Yergesh ◽  
Shirali Kadyrov ◽  
Hayot Saydaliev ◽  
Alibek Orynbassar
Keyword(s):  
Policy Implementation ◽  
Impact Evaluation ◽  
Infection Dynamics ◽  
The Social ◽  
The World ◽  
Small Wave ◽  
Before And After ◽  
The Government ◽  
The Impact ◽  
Second Wave

The Severe Acute Respiratory Syndrome Coronavirus 2 (SARSCoV-2), the cause of the coronavirus disease-2019 (COVID-19), within months of emergence from Wuhan, China, has rapidly spread, exacting a devastating human toll across around the world reaching the pandemic stage at the the beginning of March 2020. Thus, COVID-19s daily increasing cases and deaths have led to worldwide lockdown, quarantine and some restrictions. Covid-19 epidemic in Italy started as a small wave of 2 infected cases on January 31. It was followed by a bigger wave mainly from local transmissions reported in 6387 cases on March 8. It caused the government to impose a lockdown on 8 March to the whole country as a way to suppress the pandemic. This study aims to evaluate the impact of the lockdown and awareness dynamics on infection in Italy over the period of January 31 to July 17 and how the impact varies across different lockdown scenarios in both periods before and after implementation of the lockdown policy. The findings SEIR reveal that implementation lockdown has minimised the social distancing flattening the curve. The infections associated with COVID-19 decreases with quarantine initially then easing lockdown will not cause further increasing transmission until a certain period which is explained by public high awareness. Completely removing lockdown may lead to sharp transmission second wave. Policy implementation and limitation of the study were evaluated at the end of the paper. Keywords COVID-19 - Lockdown - Epidemic model - SEIR - Awareness - Dynamical systems.

scholarly journals Impact of Covid-19 in Bangladesh Stock Market

2020 ◽  
Vol 4 (2) ◽  
pp. 22-23
Author(s):  
Sunjida Haque ◽  
Tanbir Ahmed Chowdhury
Keyword(s):  
Stock Market ◽  
Stock Markets ◽  
Stock Exchange ◽  
Potential Consequence ◽  
Economic Activities ◽  
Market Data ◽  
Policy Interventions ◽  
The World ◽  
Before And After ◽  
The Impact

The world's big economies are roiled and going under a devastating threat amid the impact of the COVID-19 pandemic. No country will be safe as this virus will eventually outbreak everywhere, regardless of how countries prepare to avoid it. The economic ramification as well as the stock market crisis will be uncertain due to the extended suspension of economic activities in almost every country. No wonder, the clattered stock markets of Bangladesh which have already got the adjective of “the worst stock market in the world” because of inefficient and irrational fluctuations in previous years will experience a colossal crisis due to the pandemic. The article provides an investigation on comparable analysis of the impact on stock markets of Bangladesh, Dhaka stock exchange, and Chittagong stock exchange, before and after the pandemic situation with current market data. We also examine the potential consequence of policy interventions to the market and the investors during a pandemic.

scholarly journals Comparative Analysis of Banking Financial Performance Pre and Post Covid-19 Pandemic

2022 ◽  
Vol 20 (1) ◽  
pp. 17
Author(s):  
Triska Dewi Pramitasari
Keyword(s):  
Financial Performance ◽  
Sampling Method ◽  
Annual Report ◽  
Banking Industry ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Ratios ◽  
Analysis Method ◽  
Test Analysis ◽  
Before And After

<p class="Imar-Abstract">Covid-19 struck the Indonesian banking industry in particular ASEAN, through the weaker economic growth, which resulted in a slowdown in credit growth and eventually reduce profitability. This study aimed to analyze the financial performance of banks before and after the occurrence of a covid-19 pandemic and formulate alternative strategies to improve the financial performance of Indonesian banks. The study sample consisted of four banks with saturated sampling method (census) are owned banks (State Bank) listed on the Stock Exchange Indonesia. The data in this research is secondary data obtained from the bank's annual report period 2019 until the second quarter of 2020 which is accessed via the IDX website. Performance is measured using the six financial ratios namely ROA, BOPO, NPL, NIM, CAR and LDR with different test analysis method (Paired T-Test). The study found that in the form of financial ratios ROA, BOPO, CAR and LDR pre and post Covid-19 pandemics have significantly different values, while the NPL and NIM did not differ significantly.</p>

scholarly journals Promoting or Inhibiting? The Impact of Environmental Regulation on Corporate Financial Performance—An Empirical Analysis Based on China

2020 ◽  
Vol 17 (11) ◽  
pp. 3828 ◽  
Author(s):  
Xiang Deng ◽  
Li Li
Keyword(s):  
Sustainable Development ◽  
Financial Performance ◽  
Environmental Protection ◽  
Environmental Regulation ◽  
Empirical Analysis ◽  
Analytical Framework ◽  
Corporate Financial Performance ◽  
Ecological Civilization ◽  
The Impact ◽  
The Relationship

Today, environmental protection has become a global issue, and various environmental regulations have been actively adopted. However, are these measures promoting or harming enterprise values? Is this effect the same for enterprises with different ownership backgrounds? In order to address these problems, we conducted an empirical analysis of China’s A-share market to investigate the relationship between the New Environmental Protection Law (NEPL) launched in China and corporate financial performance, and further explore the impact of environmental supervision intensity (ESI) from the perspective of ownership. The empirical results show that there is a negative correlation between NEPL and the financial performance of high pollution enterprises. Further analysis demonstrates that there is an inverted U-shape relationship between ESI and corporate financial performance for both state-owned enterprises (SOEs) and non-state-owned enterprises (non-SOEs), while the financial performance of SOEs is more sensitive and tolerant to environmental regulation than that of non-SOEs. Finally, we make recommendations for the future direction of China’s ecological civilization construction and sustainable development of enterprises based on three aspects: environmental awareness, policy considerations, and sustainable development. The innovation of this paper lies in putting NEPL and corporate financial performance in the same analytical framework for the first time, which enriches the research in this field. Meanwhile, it provides a new perspective for understanding the relationship between ESI and corporate financial performance through the analysis of nonlinearity and owner heterogeneity.

Do IFRS Matter in Emerging Countries?

2015 ◽  
pp. 103-125 ◽  
Author(s):  
Isabel Lourenço ◽  
Manuel Castelo Branco ◽  
José Dias Curto
Keyword(s):  
Earnings Management ◽  
World Economy ◽  
Emerging Countries ◽  
Listed Firms ◽  
Ifrs Adoption ◽  
Emerging Country ◽  
The World ◽  
Before And After ◽  
Mandatory Adoption ◽  
The Impact

This study analyzes the impact of the process of IFRS adoption on earnings management in the emerging country that is probably the most important in the world economy that has adopted in full the IFRS, Brazil. We examine earnings distributions for discontinuities around thresholds before and after IFRS adoption for a sample of Brazilian listed firms for the period 2004-2011. The findings of this study reveal that discontinuities exist, both before and after IFRS implementation, and that there is a decrease in discontinuity. The results of our study suggest that mandatory adoption of IFRS by Brazilian companies is associated with a decrease in earnings management, in particular during the period of full adoption of IFRS (post-2010).

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