scholarly journals Innovative Green Initiatives in the Manufacturing SME Sector in Poland

2021 ◽  
Vol 13 (4) ◽  
pp. 2386
Author(s):  
Jacek Wysocki
Keyword(s):  
Financial Performance ◽  
Environmental Pollution ◽  
Environmental Safety ◽  
Management Model ◽  
Ideal Solution ◽  
Manufacturing Enterprises ◽  
Revenue Growth ◽  
Environmental Objectives ◽  
Ecological Innovation ◽  
Business Entities

Operating a business in the context of current environmental challenges requires managers to shift away from the management model focused solely on the achievement of economic goals. In this situation, pro-ecological (green) initiatives, in particular those that are innovative, are gaining significance. These measures allow for the mitigation and/or elimination of the environmental pollution while generating at the same time certain benefits for the companies implementing them, which is reflected in the improved financial performance. Ecological innovation (eco-innovation) is an ideal solution that allows business entities to achieve both environmental and economic goals. Nevertheless, other green initiatives may also contribute to the accomplishment of such objectives. This article aims to indicate innovative green initiatives undertaken in the SME sector, while identifying at the same time their impact on the operation of entities in this sector. It was accomplished on the basis of empirical research conducted on a sample of 342 manufacturing enterprises operating in Poland. The obtained results gave rise to the conclusion that the undertaken innovative green initiatives do not only combine environmental objectives with economic objectives, but also bring measurable benefits to the implementers (e.g., revenue growth), which occurs in parallel to environmental safety maintenance.

scholarly journals An industry analysis of the power of human capital for corporate performance: Evidence from South Africa

2015 ◽  
Vol 18 (4) ◽  
pp. 486-499 ◽  
Author(s):  
Carla Morris
Keyword(s):  
South Africa ◽  
Human Capital ◽  
Financial Performance ◽  
Market Performance ◽  
Value Added ◽  
Further Education ◽  
Bottom Line ◽  
Revenue Growth ◽  
Earnings Per Share ◽  
Capital Efficiency

Even in industrialised emerging economies, the value-generating competencies of a workforce, known as its human capital efficiency, are a key resource for commercial success. The objective of this research is to empirically investigate the relationship between human capital efficiency (as measured by value-added human capital) and the financial and market performance of companies listed on the Main Board and Alternative Exchange (ALT-X) of the Johannesburg Stock Exchange. Return on assets, revenue growth and headline earnings per share were used as financial performance indicators; while market-to-book ratio and total share return were used to measure market performance. Multivariate regressions were performed, with panel data covering 390 companies in the financial, basic materials, consumer services, consumer goods, industrial and technology industries from 2001 to 2011. First, human capital efficiency was found to have no effect on the market performance of listed companies in South Africa. Secondly, higher human capital efficiency was found to result in the extraction of greater returns from both tangible and intangible assets in all industries. Thirdly, higher profitability was found to be associated with higher human capital efficiency in almost every industry in South Africa, with the exception of the technology industry, where human capital efficiency was found to be independent of headline earnings per share. Finally, higher revenue growth was found to be positively associated with human capital efficiency in those industries which are not consumer-driven. In the consumer-driven industries, human capital efficiency contributes to bottom line profitability even though it is not a driver for revenue growth. Overall, the results of this study confirm that human capital efficiency enhances a company’s financial performance, whether it be through a greater capacity for production and service delivery, tighter cost controls or better use of company resources. Management in all South African industries are encouraged to develop the value-creating abilities of their employees through employer-driven personnel enrichment and training programs and by incentivising workers to pursue further education.

scholarly journals Legal Basis for Industrial Safety and Environmental Protection

2021 ◽  
pp. 12-21
Author(s):  
Elena Zaliznyak ◽  
◽  
Sergey Zhbannikov ◽  
Nataliya Morozova ◽  
◽  
...  
Keyword(s):  
Environmental Protection ◽  
Negative Impact ◽  
Production Capacity ◽  
State Level ◽  
Environmental Safety ◽  
Industrial Safety ◽  
Industrial Facilities ◽  
Industrial Enterprises ◽  
Business Entities ◽  
State Registration

Industrial enterprises and other business entities whose activities involve direct or indirect impact on environmental components must comply with legal requirements in the field of environmental protection. Over the past 5 years, there have been significant changes in environmental legislation. All objects that have a negative impact on the environment are subject to state registration. When registering an enterprise, it is subject to assignment to one of four categories of objects of negative impact, depending on the industry affiliation, production capacity, chemical composition of emissions, discharges, and other criteria. Currently, legislative innovations are aimed at business development and reducing the administrative burden on business entities, but this creates a threat to the safe operation of industrial facilities. There are more than 340 thousand objects of negative impact on the territory of Russia, of which one third is subject to Federal supervision. According to 2019 data, less than 4% of enterprises had their operational safety audits performed. The detection of violations of the requirements of legislation in the field of environmental protection, as well as failure to eliminate the identified violations, indicates the formation of potential threats to environmental safety. Taking into account the current economic crisis, in which solving environmental problems will not be a priority for business structures, the protection of the population and the natural environment is fully transferred to the state level.

scholarly journals Application of Corporate Social Responsibility -- Taking Chinese Listed Companies in the COVID-19 as an Example

2021 ◽  
Author(s):  
Chih-Yi Hsiao ◽  
Hao-Wei Chen
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Financial Constraints ◽  
Listed Companies ◽  
Factors Affecting ◽  
Financial Slack ◽  
Revenue Growth ◽  
Chinese Listed Companies ◽  
Corporate Social

This study focuses on a sample of Chinese listed companies from 2019 to 2020 to explore the relationships among corporate social responsibility, financial constraints, and financial performance. In addition, we discuss five factors affecting financial constraints. We also analyze the types of enterprises that can improve their financial performance by implementing corporate social responsibility keeping in mind the factors that lead to a high degree of financial constraint. The results indicate that: 1. The degree of financial constraints has a negative and significant impact on financial performance; 2. There is a reverse relationship between the degree of financial constraints and the effectiveness of corporate social responsibility measures; 3. Enterprises with high financial constraints (due to lower financial slack and revenue growth rates) can significantly improve their financial performance through the implementation of effective corporate social responsibility programs. 4. Enterprises with high financial constraints, caused by financial slack and revenue growth rate, can significantly improve their financial performance by implementing corporate social responsibility programs.

IBM's global CEO report 2006: business model innovation matters

2006 ◽  
Vol 34 (5) ◽  
pp. 34-40 ◽  
Author(s):  
George Pohle ◽  
Marc Chapman
Keyword(s):  
Financial Performance ◽  
Business Model ◽  
Business Models ◽  
Business Model Innovation ◽  
Content Type ◽  
Revenue Growth ◽  
Business Executives ◽  
Operating Margin ◽  
Operational Innovation ◽  
Study Participants

PurposeTo ascertain whether the choices CEOs were making about particular types of innovation and key enablers had any correlation with financial performance, IBM looked at a subset of our sample where publicly reported financial information was available.Design/methodology/approachThe findings in this report are based on in‐depth, consultative interviews on the topic of innovation with 765 CEOs, business executives and public sector leaders from around the world.FindingsFor a subset, the authors compared their financial performance to that of an industry‐accepted list of their nearest competitors (up to ten companies with similar revenue and publicly available information). Some of their competitors were CEO study participants, but most were not. By taking a five‐year view, the researchers were able to identify which companies outperformed and under‐performed the average revenue growth, operating margin growth and historical operating margins of their closest competitors.Research limitations/implicationsThroughout the analysis, IBM used these top‐half and bottom‐half groupings to look for notable financial correlations. In this report, the term outperformers refers to the study participants that are in the top 50 percent based on this competitive comparison, and under‐performers are those that fall in the bottom 50 percent.Practical implicationsThe authors report on how business leaders are seeking and finding new ways to adapt their business models to remain competitive in their current industry – or to seek growth by entering new industries.Originality/valueCompanies focusing on business model innovation have enjoyed significant operating margin growth, while those using products/services/markets and operational innovation have sustained their margins over time.

Employees and sustainability: the role of incentives

2016 ◽  
Vol 31 (4) ◽  
pp. 820-836 ◽  
Author(s):  
Kimberly K Merriman ◽  
Sagnika Sen ◽  
Andrew J Felo ◽  
Barrie E Litzky
Keyword(s):  
Financial Performance ◽  
Employee Engagement ◽  
Status Quo ◽  
Organizational Sustainability ◽  
Content Type ◽  
Incentive Effects ◽  
Environmental Objectives ◽  
Wide Range ◽  
The Individual

Purpose – Organizational sustainability has become a priority on many corporate agendas. How to integrate sustainability efforts throughout the organization, however, remains a challenge. The purpose of this paper is to examine two factors that potentially enhance incentive effects on employee engagement in environmental objectives: explicit organizational values for sustainability and the performance objective’s complementarity with incented financial objectives. Design/methodology/approach – The authors employed a quasi-experimental design in which participants were randomly assigned to one of four conditions, including a status quo condition against which the treatments were contrasted. Participants (n=400) were comprised of a cross-section of US employees from a wide range of occupations and industries. A post hoc qualitative analysis provided additional insights. Findings – Incentive effects were enhanced (i.e. preference for the environmental objective was significantly higher) when the environmental project offered complementary benefits for financial objectives, but not when organization values emphasized sustainability. An entrenched status quo bias for financial performance was discerned among a subset of the sample. Research limitations/implications – Management scholars must pay close attention to the role of implicit norms for financial performance when investigating employee engagement in organizational sustainability efforts. From an applied perspective, framing sustainability objectives to emphasize financial benefits consistent with a financial mission may maximize employee engagement. Originality/value – This study contributes to understanding of organizational sustainability efforts at the individual employee level of analysis, a conspicuously small part of the organizational research surrounding this topic.

scholarly journals Cluster performance management

ACC Journal ◽  
2020 ◽  
Vol 26 (2) ◽  
pp. 94-100
Author(s):  
Natalie Pelloneová
Keyword(s):  
Czech Republic ◽  
Financial Performance ◽  
Performance Management ◽  
Public Support ◽  
Top Down ◽  
Cluster Performance ◽  
The Czech Republic ◽  
Business Entities ◽  
High Degree ◽  
The Impact

The presented article is based on research evaluating the impact of cluster organisations on the financial performance of member entities. The author’s doctoral thesis examines whether there is a difference in the financial performance of cluster organisations created through the bottom-up and the top-down approaches, under the conditions existing in the Czech Republic. Both types of clusters that meet the condition of maturity (established before or in 2012) and of a high degree of activity were selected for the research. The financial performance of member business entities was assessed using the following indicators: ROA, ROE, ROS, EVA, EVA/employee and EVA/sales. The aim of the research was to demonstrate whether public support for clusters would be reflected in member entities’ better financial performance. The final part of the paper then summarises and discusses the findings.

scholarly journals Optimal ways to improve the greening of the production sector

2021 ◽  
Vol 244 ◽  
pp. 01013
Author(s):  
Svetlana Ovchinnikova ◽  
Aleksandr Borovkov ◽  
Elena Schneider ◽  
Andrey Kalinichenkо
Keyword(s):  
Environmental Management ◽  
Natural Resources ◽  
Environmental Pollution ◽  
Production System ◽  
Environmental Safety ◽  
Ecological Situation ◽  
Production Sector ◽  
Production And Consumption ◽  
Resource Intensity ◽  
The Relationship

The paper discusses a system of criteria that make it possible to assess the level of environmental safety of an enterprise. The model of the “nature-population-production” system and the very interaction of the system are presented. Environmental problems, problems of ecology of production, and consumption of natural resources lead to an increase in the rate of growth of production, which, in turn, leads to an increase in demand for resources, and as a consequence, to their irrational use, and then to massive emissions into the environment as waste. In order to improve the environmental situation in the country, some areas for improving the greening of the production sector are presented, which increase the efficiency of consumption and use of natural resources, while reducing environmental pollution by emissions, effluents, and waste. The main indicators that determine the level of environmental management are presented - indicators of resource intensity, an indicator of the degree of restoration of natural resources, and indicators of saving primary natural resources. All three indicators are part of the specific consumption of natural resources and can be used at the enterprise to control the consumption of natural resources, as well as in order to minimize waste through the use of secondary resources and low-waste technologies. The established ways of improving the greening of the production sector are able to improve the ecological situation in the regions of the country and establish the relationship between man, nature and the production sector.

scholarly journals Analisis Perbandingan Kinerja Layanan Keuangan Korporasi Di Indonesia (Studi Kasus Pada PT. Bank Mega Tbk dan PT. Bank Mega Syariah)

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Ayif Fathurrahman ◽  
Harun Thalib
Keyword(s):  
Financial Performance ◽  
National Development ◽  
Secondary Data ◽  
Performance Comparison ◽  
Capital Adequacy ◽  
Main Function ◽  
The Public ◽  
Significant Difference ◽  
National Economic ◽  
Business Entities

In Indonesia, the banking economy in carrying out its functions is based on the principle of prudence. The main function of banking is to collect funds from the public, and at the same time channel public funds and support the implementation of national development in order to increase the level of equitable development, national economic growth and national economic stability, towards improving the better living standards of the people. It is stated in Act Number 10 of 1998 concerning banking, that banks as business entities collect funds from the public in the form of deposits and distribute them to the public in the form of credit and or other forms in order to improve the standard of living of the community. The purpose of this research is to analize the financial performance  comparison between Bank Mega (conventional) and Bank Mega Syariah from 2012 to 2018, by using these financial ratio aspects: CAR (capital adequacy ratio), NPL (non performing loan), ROA (return on assets), BOPO (biaya operasional dan pendapatan operasional), LDR (loan to deposit ratio). The data used in this research is the secondary data obtained from banking statistics issued by Otoritas Jasa Keuangan (OJK) from 2012 to 2018, with using Independent Sample T-Test analysis methode in SPSS 16 software. The result shows that there is a significant difference in LDR, NPL,BOPO ratio and no significant difference in CAR and ROA ratio  between PT Bank Mega Tbk, (conventional) and PT Bank Mega Syariah In financial performance aspect, PT Bank Mega Tbk is better. However, in liquidity aspect, PT Bank Mega Syariah is better. Keywords: PT Bank Mega Tbk, PT Bank Mega Syariah, CAR, NPL, LDR, BOPO, ROA

Ecological tax in the system of environmental safety

2018 ◽  
Vol 35 (4) ◽  
pp. 121-126
Author(s):  
N. M. Boboshko
Keyword(s):  
Environmental Safety ◽  
Environmental Taxation ◽  
Environmental Tax ◽  
Environmental Function ◽  
Business Entities

The article considers the system of environmental taxation, reveals the main elements of environmental tax. The analysis of the mechanism of the introduced tax is carried out, its environmental function is estimated. The estimation of the progressive system of taxation environmental tax of business entities that pollute the environment, and its stimulating effect, aimed at reducing such pollution.

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