scholarly journals Determinants of Manufacturing Firms’ Financial Performance in Pakistan

2021 ◽  
Vol 3 (2) ◽  
pp. 1-10
Author(s):  
DR. SAID SHAH ◽  
S.M. AMIR SHAH
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Large Firms ◽  
Working Capital ◽  
Management Efficiency ◽  
Fixed Assets ◽  
Investment In Fixed Assets ◽  
The Impact ◽  
Medium Firms

Investment in working capital by and large shows better returns than investment in fixed assets. As such proper management of working capital rightfully attracts a lot of attention. The objective of this research is to examine the impact of size and working capital management efficiency on firms’ financial performance using 10 years (2004- 2013) secondary data of 153 firms listed on Pakistan Stock Exchange and employing regression and ratio analyses. Results show that performance-wise large firms are better whereas WCME-wise small and medium firms are better. These findings indicate that better performance of large firms is not because of efficient utilization of working capital - rather it may be due to some other factors and these firms can further improve their performance if working capital is managed more efficiently.

scholarly journals IMPACT OF INFORMATION TECHNOLOGY INVESTMENT TO FINANCIAL PERFORMANCE ON BANKING SECTOR

2018 ◽  
Vol 2 (1) ◽  
pp. 41-46
Author(s):  
Hendra Gunawan ◽  
Serlyna Serlyna
Keyword(s):  
Information Technology ◽  
Financial Performance ◽  
Banking Sector ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sample Population ◽  
Manufacturing Companies ◽  
Financial Investment ◽  
Impact Of Technology ◽  
The Impact

This study examines the impact of technology on the performance of financial investment in banking companies listed in Indonesia Stock Exchange to prove its influence on the development of the banking company's financial performance. The data used in this research is secondary data uses financial statements that have been audited. Data analysis technique used is simple regression analysis. Results showed that between investments in information technology affect the company's financial performance. The results of this study illustrate that the company's financial performance would be if the investment in information technology in the company are used effectively and efficiently. This research is important for companies and organizations, in order to better the use or utilization of information technology in the enterprise. The company is only limited to the banking companies listed in Indonesia Stock Exchange, then further research is recommended to add criteria and indicator others that have not been addressed in this study, in addition to subsequent authors can also extend the sample population to another company with a different field such as manufacturing companies.

scholarly journals Working Capital Management (WCM) and Firm Performance in Emerging Markets: A Case of Bangladesh

2021 ◽  
Vol 10 (1) ◽  
pp. 36
Author(s):  
Rafiqul Bhuyan ◽  
Mohammad Sogir Hossain Khandoker ◽  
Noshin Tasneem ◽  
Mahjuja Taznin
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Total Asset ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Current Asset ◽  
The Impact

We examine the impact of efficient working capital management on market value and profitability. Using secondary data on selected firms from Dhaka Stock Exchange we explore the effects of various working capital components (i.e. cash conversion cycle (CCC), current ratio (CR), current asset to total asset ratio (CATAR), current liabilities to total asset ratio (CLTAR), debt to asset ratio (DTAR), siz,e and growth) to the firm’s performance by looking firm’s value i.e. Tobin’s Q (TQ) and profitability i.e. return on asset (ROA) and return on invested capital (ROIC). Our results show that, for both food and overall manufacturing sectors, there is a significant association between working capital variables and firm’s value & return on assets, but an insignificant association with return on invested capital.

scholarly journals The Effect of Working Capital Management on Corporate Profitability: Evidence from Nigerian Food Product Firms

2015 ◽  
Vol 1 (2) ◽  
pp. 55 ◽  
Author(s):  
Sabo Muhammad ◽  
Rabi’U Saminu Jibril ◽  
Usman Sani K. Wambai ◽  
Fatima Bello Ibrahim ◽  
Tjjani Habibu Ahmad
Keyword(s):  
Stock Exchange ◽  
Negative Relationship ◽  
Secondary Data ◽  
Food Product ◽  
Annual Reports ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Short Term Investment ◽  
The Impact

The paper examines the impact of working capital management on corporate profitability through the periods of 2008 to 2012. The total of seven firms listed on the floor of the Nigerian Stock Exchange was studied, using secondary data generated from annual reports and accounts of the sampled companies and the Nigerian Stock Exchange Fact book. The data were analyzed by means of descriptive statistics and GLS regression analysis using STATA 11. The study finds a positive relationship among Average Collection Period (ACP), Current Ratio (CR) and the size of the firm (LOGSIZE) with Profitability and a negative relationship with Inventory Turnover Period (ITP), Average Payment Period (APP). The paper therefore recommends that cash collected should be re-invested into short-term investment to generate profits and fund left idle in the cash or excessive liquidity is costly and do not lead to profitability.

scholarly journals Capital Structure and Organizational Performance: Evidence from Nigerian Food and Beverage Companies

2019 ◽  
pp. 1-9
Author(s):  
G. T. Ayo-Oyebiyi
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Organizational Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Food And Beverages ◽  
Beverage Industry ◽  
Food And Beverage Industry ◽  
Food And Beverage ◽  
The Impact

This study seeks to investigate the impact of capital structure on the performance of organizational performance with particular reference to Nigerian Food and Beverage Companies. Secondary data was used for this study. It was adopted from the audited financial statements of the listed food and beverages companies in the Nigerian Stock Exchange (NSE), for the period of the year 2014 – 2018. The method of analysis used was Pearson Moment Correlation Coefficient and Linear Regressions. The results reveal that firm leverage, tangibility of assets and liquidity have an inverse relationship with the financial performance of the Nigerian food and beverage industry, while, growth and firm’s size have a positive relationship with the financial performance of Nigerian food and beverages industry.  The study, recommends that Nigerian Food and Beverage should, therefore, strike a balance between their choice of capital structure and the effect on its performance as it affects the shareholder's risks.

Impact of R&D activities on the financial performance: empirical evidence from Indian pharmaceutical companies

2022 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Mithun Nandy
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Secondary Data ◽  
Pharmaceutical Companies ◽  
Financial Returns ◽  
Data Set ◽  
Content Type ◽  
Return On Equity ◽  
Performance Framework ◽  
The Impact

Purpose This paper aims to study the impact of research and development (R&D) activities on the financial performance of Indian pharmaceutical companies listed with the national stock exchange (NSE) of India by conceptualizing R&D’s impact and financial performance framework (RDiFPF). Design/methodology/approach Strongly balanced panel data set was used for the period of 1999–2020 on the basis of secondary data subscribed from a reputable Capitalline, a corporate database as well as individual company-wise annual report extract for cross-validation. Findings The paper presents a novel conceptualized framework called RDiFPF with the help of financial performance related variables: sales turnover, return on assets, return on equity and market capitalization, where R&D impacts in a significant manner on the financial performance of the NSE-listed Indian pharmaceutical companies. The paper finally establishes a link between R&D activities and financial performance with respect to the Indian pharmaceutical companies listed with the NSE. Research limitations/implications The suggested framework opens new dimension of research with respect to R&D, innovative practices in the pharmaceutical business and financial performance. The research can also be used in teaching and may be beneficial for framing public policy. Though the study has been carried out in Indian context, it might have implications in the emerging economies. Practical implications To achieve financial returns, pharmaceutical companies need to adopt appropriate endeavour to invest substantial amount on R&D to bring innovation in the pharmaceutical business. Social implications A better allocation of R&D expenditure has the potential for bringing new medicine, which can cure unknown diseases and impact on the lives of the patient fraternities. Originality/value The contributions of the paper are twofold: on the one hand, the author proposes a framework where emphasis has been provided on the R&D investment in the pharmaceutical business and, on the other hand, significant financial performance has been shown which motivates every R&D-centric pharmaceutical companies. Notably, the novel RDiFPF framework, which has been proposed in this study, may ignite and inspire the pharmaceutical business leaders as well as entrepreneurs to take R&D and innovation in pharmaceutical business for impacting human lives as well as to enjoy significant financial returns by providing health-care solution for treating novel diseases and disorders.

scholarly journals Intellectual Capital, Political Uncertainty and Firm Performance: Evidence from Pakistan

2021 ◽  
Vol 7 (2) ◽  
Author(s):  
Farheen Hussain ◽  
Ayub Khan Mehar
Keyword(s):  
Firm Performance ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Secondary Data ◽  
Political Uncertainty ◽  
Negative Effect ◽  
Performance Results ◽  
The Impact

This research has examined the impact of Intellectual Capital (IC) on performance of the firms in Pakistan while considering political uncertainty as moderating variable. The research used secondary data of firms, related to manufacturing sectors, listed in Karachi Stock Exchange - KSE 100 Pakistan for a ten-year period of 2010-2019. Value Added Intellectual Coefficient (VAIC) model by Pulic (1998) has been used to calculate IC and its components and ROA is used to measure firm’s performance. Regression Model has been employed to investigate the hypothetical relationship between IC and firm performance. Results of this paper revealed that CEE and CCE have a positive relationship with the financial performance of firms in Pakistan whereas SCE has negative effect on the financial performance of the firms. Furthermore, the findings suggest political instability as a significant moderating variable on the relationship among intellectual capital, its components and firms’ performance. This research is the first attempt in investigating the relative importance of intellectual capital success of any firm under political uncertainty.

scholarly journals RECENT TIE UP OF SBI WITH ITS ASSOCIATES: A PROBE OF PRE AND POST-MERGER ATTAINMENT THROUGH THE LENS OF CAMELS FRAMEWORK

2020 ◽  
pp. 198-210
Author(s):  
Rajashree Upadhyay ◽  
Dr. Mahesh Kumar Kurmi
Keyword(s):  
Financial Performance ◽  
Banking Sector ◽  
Secondary Data ◽  
Capital Adequacy ◽  
Management Efficiency ◽  
Significant Difference ◽  
Short Run ◽  
The Impact ◽  
Cover Up ◽  
Effective Output

The term ‘merger’ signifies the joining of two or more business concerns into a single one mainly with the purpose of generating much more effective output. But, sometimes these tie up events are done to absorb the weak entity with intention to cover up these sick entity’s loopholes. Merger in banking sector is now a latest trend to take over weak banks and enhance its business capability with capturing a huge portion of competitive market. In simple terms, banks are unified to enjoy the synergy benefits of the merger. State Bank of India which is currently the most popular one public sector bank of India also witnessed such kind of consolidation events primarily with its subsidiaries banks. The almost latest tie up deal of SBI with its five subsidiaries banks & Bharatiya Mahila Bank occurred on 1st April 2017 is the center point of this study around which analysis is rotating with the intention to examine the impact of consolidation on this largest bank’s performance through the lens of CAMELS framework. This article is purely based on secondary data and all the required facts & figures are congregated from ‘CAPITALINE- 2000 Database’. Three years pre tie up phase (i.e., from 2014-15 to 2016-17) & three years post tie up phase (i.e., from 2017-18 to 2019-20) of State Bank India are explored in this study. The findings of the study confirms that State Bank of India has failed to enjoy the benefits of merger as it take over its own associate banks which are already have high non- performing assets. Ratios related to capital adequacy do not point any remarkable improvements in post-merger phase. Similarly, bank has failed to improve its assets quality. Except Business per Employee all the management efficiency ratios have not gained enough mileage. Overall earnings capacity and liquidity of the bank has also deteriorated after merger. As a whole it can be opined that merger has not made any significant difference in financial performance of SBI, at least in short run. KEYWORDS: Merger & Acquisition, CAMELS, Assets Quality, Sensitivity, Banking Sector

scholarly journals The Impact Of Psak 72 Implementation On Financial Performance In The Pandemic Time Covid-19 (Empirical Study On Real Estate Companies Registered In Indonesia Stock Exchange)

SENTRALISASI ◽  
2021 ◽  
Vol 10 (1) ◽  
pp. 12
Author(s):  
Duwi Rahayu Rahayu ◽  
Imelda Dian Rahmawati ◽  
Dina Dwi Oktavia Rini
Keyword(s):  
Real Estate ◽  
Empirical Study ◽  
Financial Performance ◽  
Negative Impact ◽  
Stock Exchange ◽  
Secondary Data ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Real Estate Company ◽  
The Impact

The purpose of this study is to examine the impact of the implementation of PSAK 72 on financial performance during the Covid-19 pandemic (empirical study of real estate companies listed on the Indonesian stock exchange). This research is a quantitative research, where the data used are secondary data in the form of financial statements of real estate companies. The sample of this study is a real estate company that provides periodic financial reports on the Indonesia Stock Exchange in 2019 and the second quarter of 2020 with a total of 46 sample companies. The results of the study indicate that PSAK 72 has a significant negative effect on the liquidity ratio, profitability ratio, activity ratio, and market ratio, while the implementation of PSAK 72 has no significant effect on the solvency ratio. This show, although the implementation of PSAK 72 has had a significant negative effect, companies have started to prepare for the implementation of PSAK 72 by conducting evaluations, adaptations and training for employees before actually implementing PSAK 72. The meaning of not fully implementing PSAK 72 has a negative impact on real estate company earnings, because the implementation of these standards was also followed by the Covid-19 pandemic which also resulted in a decrease in income for companies.

scholarly journals Analisis Profitabilitas Pada Perusahaan yang Tergabung dalam Indeks LQ45 di Bursa Efek Indonesia

2021 ◽  
Vol 11 (2) ◽  
pp. 130-145
Author(s):  
Feby Ayu Tri Ananda ◽  
Nurjanti Takarini
Keyword(s):  
Firm Size ◽  
Annual Report ◽  
Stock Exchange ◽  
Secondary Data ◽  
Stock Index ◽  
Sampling Techniques ◽  
Working Capital ◽  
Analysis Techniques ◽  
The Impact ◽  
A Company

Profitability is a measure by which a company assesses the success of a company's management. Having a good profitability level allows the company to continue its operations and increase its value. Understanding the impact of working capital, liquidity, and firm size is the purpose of thisXresearch. In addition, this research aims to know the differences in company’s financial performance from a previous reserach, wehether it still corresponded or had undergone changes. The object of this research is the manufacturingiicompany that makes up the LQ45 stock index in the Indonesian Stock Exchange. A total of 10 companies was taken to according to saturated sampling techniques, which is taking all the parts of the population as samples. The research data to be tested comes from secondary data according to the company’s annual report published periodically in BEI. Analysis techniques used in testing research hypotheses are multiple linier regressin. The results shows the regression analysis that (1) workingXcapital, liquidity, and firm size simultaneouslyiihave a significantiieffect on profitability. (2) working capital has a significantIeffect onIprofitability. (3) liquidity and firm size have no significant effect oniprofitability. Keywords : Profitability, Working Capital, Liquidity, Firm Size

Corporate Social Responsibility and Firm’s Performance: Empirical Evidence from Pakistan

2020 ◽  
Vol 6 (4) ◽  
pp. 8-14
Author(s):  
Syyeda Ghazia Neelofer Kazi ◽  
Kashif Arif
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Stock Exchange ◽  
Random Effect ◽  
Secondary Data ◽  
Annual Reports ◽  
Education Community ◽  
Dependent Variables ◽  
Corporate Social ◽  
The Impact

The objective of the study is to examine the impact of CSR activities by the organization on their financial performance. This study employs a quantitative and deductive approach. This research has been carried out with the secondary data which has been taken from the CSR reports of the Overseas Investors Chamber of Commerce and Industry (OICCI) and the annual reports of the listed companies of Pakistan Stock Exchange. In addition to that, the annual reports or sustainability reports of some companies have also been used to collect information about their CSR performance. The sample panel of this study consists of 55 companies having available data for at least a period of 3 years (2014-2016), hence consisting the data of 165 firm years. Random effect linear regression has been run for the two dependent variables for the measure of financial performance. The results indicated that CSR activities in education, community development, health, and infrastructure have a significant impact on organizational performance. The implications and recommendations were also made from the results.

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