scholarly journals CSR practices that impact the financial performance of Mexican public companies moderated by the legitimacy of social actions

2020 ◽  
pp. 42-54
Author(s):  
Yara Landazuri-Aguilera ◽  
Roberto Ruiz-Perez
Keyword(s):  
Financial Performance ◽  
Public Companies ◽  
Social Actions

El objetivo de esta investigación es Identificar las dimensiones de Responsabilidad Social Empresarial (RSE) que impactan en el desempeño financiero de las empresas públicas mexicanas moderadas por la legitimidad de las acciones sociales. Se diseñó un instrumentos de medida para las variables, con esto se realiza una aportación a la literatura de una escala fiable y válida en el tema de la RSE y legitimidad con un instrumento de 27 ítems con una escala tipo Likert de 6 puntos. La muestra para el levantamiento de datos fue de 42 empresas socialmente responsables, cotizadas en la Bolsa Mexicana de Valores y publican sus resultados de sustentabilidad a través de su página de identidad. Se ha propuesto un modelo teórico con las hipótesis a contrastar, y se ha validado con un modelo de regresión lineal múltiple con una variable moderadora. Los resultados obtenidos muestran que la legitimidad modera el efecto que tiene la RSE sobre el desempeño empresarial. El efecto es positivo en la dimensión económica y social, en la dimensión medioambiental el efecto fue negativo pero significativo.

scholarly journals The impact of ESG reporting on the financial performance of Russian public companies

Upravlenets ◽  
2022 ◽  
Vol 12 (6) ◽  
Author(s):  
Bela Bataeva ◽  
Aglaya Kokurina ◽  
Nikita Karpov
Keyword(s):  
Financial Performance ◽  
Public Companies ◽  
The Impact

scholarly journals Measuring and Analysing the Financial Performance of State-Owned Economic Entities

2021 ◽  
Vol 66 (Special edition 2021/2) ◽  
pp. 31-51
Author(s):  
Krisztina Kistóth
Keyword(s):  
Public Sector ◽  
Financial Performance ◽  
Financial Indicators ◽  
Public Companies ◽  
Homogeneous Groups ◽  
Measurement Issues ◽  
State Audit ◽  
Adjusted Indicators ◽  
Public Money ◽  
And Performance

The experts of the State Audit Office of Hungary analysed financial performance measurement issues of state-owned companies (public companies) with the aim to apply the principle of performance as widely as possible during public money spending. In many respects, the same tools can be used to measure and analyze the performance of these companies as for private sector companies, however misrepresentations arising from public sector specialties must be filtered out. Therefore, an adjusted version of the financial indicators has been prepared, using corrective items specifically focusing public sector specificities. To test the adjusted indicators, we prepared an analysis for a group of 148 public companies, the main findings of which are presented in our article. The special conditions, operation or risks of state-owned companies may require different tools and priorities in terms of ownership control. In this article, we try to form relatively homogeneous groups, portfolios - based on adjusted financial indicators- which helps the owner to treat groups of companies differently according to financial capabilities and performance. Classification into groups can draw attention to critical management factors, risks, but also strengths as well. In this way, the development of portfolios can provide a good basis for effective ownership management of companies.

scholarly journals ANALYSIS ON FINANCIAL EFFICIENCY SYNERGY ON PUBLIC COMPANIES IN THE PRIMARY SECTOR AND INDUSTRY POST MONETARY CRISIS LISTED IN JSX

2016 ◽  
Vol 9 (2) ◽  
pp. 137
Author(s):  
Christnatalia Christnatalia
Keyword(s):  
Financial Performance ◽  
Random Sampling ◽  
Quantitative Method ◽  
New Technology ◽  
Merger And Acquisition ◽  
Difference Model ◽  
Financial Efficiency ◽  
Public Companies ◽  
Return On Capital ◽  
The Difference

The background of this research was merger and acquisition wave frequently in higher research and development needed and new technology implemented companies related in chemical create<br />lower financial performance after merger and acquisition. The objective of this research was to test the significance of the difference between the efficiency financial performance before and<br />after merger and acquisition. The design of this research applied purposive random sampling, quantitative method two means difference model, and statistic software SPSS for problem solving.<br />Data analysis applied measuring return on capital employed. The result of research indicated that merger and acquisition activities can not improved efficiency of emittens or ROCE ratio in all emittens were getting worse after merger and acquisition

scholarly journals Human Capital Efficiency and Financial Performance: Empirical Evidence of Malaysian Public Companies.

2018 ◽  
pp. 878-884
Author(s):  
Azlina Rahim ◽  
Amrizah Kamaluddin ◽  
Ruhaya Atan
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Value Added ◽  
Annual Reports ◽  
Public Companies ◽  
Accounting Data ◽  
Return On Equity ◽  
Capital Efficiency ◽  
Financial Performance Measures ◽  
The Relationship

The purpose of this study is to investigate empirically the relationship between human capital efficiency and financial performance of Malaysian public companies. Using accounting data, this study reviewed the annual reports of Malaysian companies for a period of thirteen years from 2000 to 2012. The study applied Value Added Intellectual Coefficient (VAICTM) methodology developed by Ante Pulic to determine the human capital efficiency of a company. The regression models was construct to examine the relationship between human capital efficiency and financial performance measures including return on assets (ROA) and return on equity (ROE).The results revealed that human capital efficiency has significant and positive relationships with financial performance. The human capital efficiency is seen as a value driver for a company’s competitiveness. Hence, the findings of this study should help companies’ managers to make better decision pertaining to investment of their strategic asset that is human capital.

scholarly journals Analisis Perbandingan Kinerja Keuangan Perusahaan Sebelum Dan Sesudah Akuisisi (Studi Kasus Pada Perusahaan Go Public Non Bank Yang Terdaftar Di BEI Tahun 2012)

1970 ◽  
Vol 12 (2) ◽  
pp. 51-72
Author(s):  
Jean Natawigena ◽  
Fitra Oliyan
Keyword(s):  
Financial Performance ◽  
Quantitative Research ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Public Companies ◽  
Return On Equity ◽  
Final Project ◽  
Before And After ◽  
Market Value Added

This final project aims to analyze the comparison of financial performance of non-bank go public companies listed on the IDX in 2012 before and after the acquisition. This research is quantitative research. The study was conducted using financial ratios, namely: ROE (Return On Equity), DER (Debt to Equity Ratio), EPS (Earning Per Share), TATO (Total Asset Turn Over), CR (Current Ratio), EVA (Economic Value Added), and MVA (Market Value Added). Measurement of financial performance in each company uses secondary data. The population in this study were all companies listed on the IDX that had made acquisitions, and the company announced its acquisition activity in 2012. The method in taking this study using purposive sampling, so that there were eight companies included in the criteria of this study, then the period of observation is 2011-2014. The test tool used is the SPSS version 20. The results of the study using one sample paired t test showed that the companies that acquired did not have differences in ROE, DER, EPS, TATO, CR, EVA and MVA before and after the acquisition.

scholarly journals The Impact of the Covid-19 Pandemic on the Financial Performance of Public Companies in Poland

2021 ◽  
Vol XXIV (Issue 4) ◽  
pp. 955-976
Author(s):  
Anna Spoz ◽  
Ilona Skibinska-Fabrowska ◽  
Grzegorz Kotlinski ◽  
Helena Zukowska
Keyword(s):  
Financial Performance ◽  
Public Companies ◽  
The Impact

scholarly journals Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic

2021 ◽  
Vol 16 (1) ◽  
pp. 94
Author(s):  
Marhaendra Kusuma
Keyword(s):  
Financial Performance ◽  
Cash Flows ◽  
Net Income ◽  
Public Companies ◽  
Comprehensive Income ◽  
Industrial Sectors ◽  
Income Statement ◽  
Other Comprehensive Income ◽  
Investment Returns ◽  
Future Cash Flows

Purpose - The concept of recognizing all inclusive income, which is used by IFRS and Indonesian SAK, is the basis for presenting other comprehensive income in the income statement. This change in format became the idea of developing a financial performance measurement.Methodology - Testing the effect of attributable comprehensive income ROA and attributable ROA net income on future cash flows and net income, as a proxy for the ability to provide future returns, and applying them in measuring performance before and during the Covid-19 pandemic.Findings - ROA net income is better able to predict future investment returns. ROA comprehensive income has more relevance value, when only other items of comprehensive income that have the potential to be realized are included. In assessing performance, users are advised to keep using the ROA of the net income version, and when using the ROA of the comprehensive income version, it is advisable to include only OCI which will be reclassified. The financial performance of companies in many industrial sectors experienced a decline during the Covid 19 pandemic using two ROA measures.Novelty - Development of ROA formulation by including other comprehensive income and profit attribution, so far ROA is only based on net income.

scholarly journals Desempeño financiero posterior de fusiones y adquisiciones de empresas públicas mexicanas (Financial performance after mergers and acquisitions of mexican public companies)

2020 ◽  
Vol 17 (34) ◽  
Author(s):  
Viviana Lambretón Torres ◽  
Judith Villarreal Escamilla ◽  
Ezequiel Montemayor Garza ◽  
Juan Lechuga Elizondo ◽  
Laura Quiroga Galindo
Keyword(s):  
Mergers And Acquisitions ◽  
Financial Performance ◽  
Public Companies

Las fusiones y adquisiciones se han vuelto una estrategia común para el crecimiento y consolidación de los negocios. Este estudio tiene como finalidad medir el desempeño financiero posterior a las fusiones y adquisiciones de un grupo de empresas mexicanas, así como identificar qué factores inciden en su éxito o fracaso. Los resultados obtenidos muestran, en la mayoría de las razones financieras analizadas, un impacto negativo en desempeño financiero posterior y en la creación de valor. Mediante un modelo de regresión robusta se logró identificar algunos de los factores que inciden en los mismos.

scholarly journals Interplay between environmental, social and governance coordinates and the financial performance of agricultural companies

2021 ◽  
Vol 67 (No. 12) ◽  
pp. 479-490
Author(s):  
Marilen Gabriel Pirtea ◽  
Gratiela Georgiana Noja ◽  
Mirela Cristea ◽  
Mirela Panait
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Structural Equation ◽  
Robust Regression ◽  
Decisive Role ◽  
Agricultural Fields ◽  
Public Companies ◽  
Management Board ◽  
Thomson Reuters ◽  
Corporate Social

On the complex framing of the agricultural fields, related to the corporate social responsibility (CSR), the general objective of this paper is to assess the impacts of environmental, social and governance (ESG) credentials of CSR and human capital features on the financial performance of agricultural companies. The data consists of a sample of 412 public companies from the Thomson Reuters Eikon database, with data for 2020, operating in 17 agricultural areas with headquarters allocated around the world. The methodological endeavor embeds two econometric procedures, multifactorial models of robust regression and structural equation modelling (SEM). The research results bring new evidence to underline the risks related to the sustainability of the financial performance of agricultural companies and the decisive role played by the ESG dimensions to counteract these risks, particularly by the environmental pillar, along with CSR specific strategies and human capital characteristics (management board and employees). We propose several strategies for companies operating in agricultural fields in order to enhance profitability by CSR measures.

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