The impact of applying the Common Customs Tariff on the armenian export of Cut and Polished Gems to Russia

2019 ◽  
pp. 33-41
Author(s):  
V. L. Harutyunyan ◽  
S. V. Dokholyan ◽  
A. R. Makaryan
Keyword(s):  
Manufacturing Sector ◽  
Practical Implication ◽  
Dominant Role ◽  
New Technology ◽  
Manufacturing Companies ◽  
Medium Term ◽  
Diamond Cutting ◽  
Global Trends ◽  
The Common ◽  
The Impact

The presented study discusses the issues of applying the Common Customs Tariff (CCT) rates of the Eurasian Economic Union (EAEU) on rough diamonds and the impact thereof on the exports of stones cut and polished inArmeniaand then exported toRussia.Aim. The study aims to identify the possible strategies Armenian diamond cutting and polishing companies could adopt as a response to the application of the CCT rates on rough diamonds and how it would affect exports to various destinations, namely to Russia.Tasks. The authors analyze the current state of the gems and jewelry sector and substantiate the need to either integrate it into the jewelry manufacturing sector or to apply various strategies to facilitate exports to either Russia or other destinations in the medium term in response to the application of the CCT rates.Methods. This study uses general scientific methods of cognition, including analytical and methodological approaches and elements of forecasting. Possible strategies the Armenian diamond cutting and polishing companies could adopt in the medium term in response to the application of the EAEU CCT rates are determined using the analytical research method, forecasts in the context of the developments in the Armenian gem processing and jewelry market and global trends, statistical data on the imports and exports of cut and polished gems and jewelry for 2014–2018 published by the UN Comtrade Statistics.Results. Statistics on the exports of processed diamonds from 2014 to 2018 highlights the issue associated with the loss of competitiveness suffered by Armenian companies (mainly in comparison with Indian diamond cutters). The major global trends in the diamond cutting and polishing business indicate that it could be virtually impossible for Armenian cutters and polishers to compete with Indian companies in the medium term if they do not comes to investing in new technology to achieve operational efficiency. For these companies, it is important not to lose the Russian market due to an increase in the tariff rate and concentrate on the processing of gems that are larger than 1 carat. Another strategy to avoid an increase in the customs tariff rates would depend on the Armenian government’s ability to negotiate with Russia in respect of direct imports of diamond stones from Russian manufactures. Two other options for Armenian cutters involve focusing on cutting and polishing of rubies, sapphires, emeralds, etc. or integrating into the jewelry sector either by being the primary supplier or by considering this business as a channel to sell processed diamond stones by setting up their own jewelry manufacturing companies.Conclusions. With CCT going into effect in January 2021 and India’s dominant role in the diamond cutting and polishing business, Armenia needs to carefully consider all of the strategies the Armenian companies could adopt, as discussed above. As a member state of the EAEU, Armenia freely exports to Russia, however, further exports to Russia would depend on Armenia’s ability to ensure that cost-effective operations are in place, or to concentrate on the processing of precious gems rather than diamonds, or to switch to the manufacturing of jewelry items as a major export item.Practical Implication. The findings of this study could be of interest to the Ministry of Economy of the Republic of Armenia and Business Armenia that could be used in elaborating the strategy for the development of Armenian gems and jewelry sector of the economy.

scholarly journals The effect of duality/non-duality of CEO, board size, meeting, committee on domestic shareholdings: Empirical evidence from Sri Lanka

2014 ◽  
Vol 11 (4) ◽  
pp. 329-337
Author(s):  
Nadarajah Sivathaasan ◽  
Sivapalan Achchuthan
Keyword(s):  
Sri Lanka ◽  
Positive Relationship ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Manufacturing Companies ◽  
Regression Analyses ◽  
Board Meeting ◽  
Board Size ◽  
The Impact ◽  
Test Correlation

This paper seeks to investigate the effect of duality/non-duality of CEO, board size, meeting, committee on domestic shareholdings of manufacturing companies listed on Colombo Stock Exchange over a three-year period from 2011 to 2013. The study employs the independent samples t-test, correlation and regression analyses to assess the relationships as well as the impact on domestic shareholdings using a sample of 32 quoted companies ( n =32). It is found that duality & non-duality of CEO structure do not differ in relation to domestic shareholdings that are inconsistent with the hypothesis formulated. Board size (+) and board meeting (+) have shown positive relationship and board committee (-) is negatively associated with domestic shareholdings. As per the empirical results, board committee and board size have significant (p < 0.05) impact on domestic share holdings and insignificant impact is observed by board meeting. The present study concentrates only on the manufacturing sector quoted on Colombo Stock Exchange. This paper has taken an effort to this area of research on emerging share holdings held by local individuals and institutions in Sri Lanka and the findings could be generalized to the companies similar to this category.

scholarly journals The impact of gainsharing in the automotive parts manufacturing industry of South Africa

2018 ◽  
Vol 21 (1) ◽  
Author(s):  
Robert W.D. Zondo
Keyword(s):  
South Africa ◽  
Capital Investment ◽  
Manufacturing Industry ◽  
Manufacturing Sector ◽  
Labour Productivity ◽  
Manufacturing Companies ◽  
High Productivity ◽  
Automotive Parts ◽  
Parts Manufacturing ◽  
The Impact

The majority of South Africans expect greater prosperity that can be accomplished through greater employment, high productivity and wage increases. Increased productivity can finance higher wages without burdening the customer with higher selling prices. Consequently, there should be strong co-operation between management and labour to improve productivity, thereby ensuring the survival of South African companies. To achieve this objective, organisations find themselves turning to their employees for creative suggestions and ideas on better ways of doing things. This sentiment underpins the concept of gainsharing. Gainsharing is a formula-based company-wide programme that offers employees a share in the financial gains of a company as a result of its improved performance. This motivation boosts a company’s productivity and radically reduces the cost of waste, spoilage, rejects and rework. This study examined the impact of a gainsharing programme on the improvement of labour productivity in the automotive parts manufacturing sector. The study investigated the production and related experience of two automotive parts manufacturing companies (referred to as A and B in this study) that have adopted a gainsharing strategy. The two companies operate in the eThekwini District Municipality in KwaZulu-Natal. It assessed if gainsharing is responsible for company labour productivity improvements. The investigation was achieved by collecting pre- and post-gainsharing quarterly data for spoilage, absenteeism, capital investment and labour productivity. Gainsharing improves labour productivity and reduces spoilage and absenteeism rates. In order to maximise performance, a comprehensive performance policy must be developed, which aligns pay (and other incentives) to performance. The study uncovered the strengths and weaknesses of gainsharing for labour productivity improvement in South Africa.

The Impact of World Class Manufacturing Practices on Company Performance: A Critical Review

2014 ◽  
Vol 564 ◽  
pp. 727-732 ◽  
Author(s):  
Lukman Sukarma ◽  
Hafizah Azmi ◽  
Nurlisa Loke Abdullah
Keyword(s):  
Manufacturing Sector ◽  
Superior Performance ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Bottom Line ◽  
Quality Cost ◽  
The Status ◽  
World Class ◽  
The Impact ◽  
World Class Manufacturing

This paper provides a critical analysis on the impact of world-class manufacturing practices on company performances in the manufacturing sector based on a survey conducted on various manufacturing companies in Malaysia. The result gathered was used to developatheoretical framework that will be used to investigate whether the quality, cost, delivery and flexibility may affect the performance of bottom line in these manufacturing companies.The theoretical framework is also formed based on a comprehensive review of existing manufacturing management literature to propose the “World Class Manufacturing (WCM) Framework" to achieve manufacturing excellence.It is a combination of these three approaches which offers complementary outputs, which form the basis for pursuing superior performance in manufacturing.This paper presents the WCM Framework and addresses the possible synergy of concurrent application of TQM, JIT and TPM. A discussion of the various practices used in the Framework provides not only guidance on how to implement the Framework, but also an instrument to measure the status of its implementation. It is expected that the concurrent application of TQM, JIT and TPM, via their accompanying practices, may bring about significant improvements in quality, cost, delivery and flexibility.

Migration and transformation characteristics of DOM in fine sand and marl rock

2016 ◽  
Vol 74 (1) ◽  
pp. 157-164 ◽  
Author(s):  
Xinyi Wang ◽  
Xiaoge Zhen ◽  
Renzheng Li ◽  
Xiaoman Liu ◽  
Tiantian Wang ◽  
...  
Keyword(s):  
Biological Effects ◽  
Dominant Role ◽  
Fine Sand ◽  
Early Experiment ◽  
Medium Term ◽  
Seepage Velocity ◽  
Adsorption Effect ◽  
Main Effect ◽  
Main Effects ◽  
The Impact

This paper mainly studied migration and transformation characteristics of dissolved organic matter (DOM) in underground aquifers. To achieve the research purpose, we carried out the dynamic column experiments of the DOM at different conditions indoors. In the experiment, the water of Wujiang River from Pingdingshan Coal-field is used as water sample, meanwhile, fine sand and marl rock are used as testing rock sample. A comparative study on migration and transformation characteristics of the DOM in different rock samples is done. The results show that, in the fine sand, the main effects are convection and dispersion, while the adsorption and biological effects are very weak. However, in the marl rock, besides existing convection and dispersion, the adsorption and biological effect are quite significant. And in the marl rock, convection and dispersion plays a major role in the early experiment, while adsorption is the main effect in the medium term, then the biodegradation dominates the final stage. With the increasing of temperature and seepage velocity in the fine sand, the impact of the convection effect becomes gradually weak, the dispersion effect gradually enhances, and, however, convection effect is still playing a dominant role. With the temperature rising in the marl rock, the adsorption effect becomes weak, but biodegradation is enhanced. As the seepage velocity increases in the marl rock, the adsorption and biodegradation both decrease.

Impact of Cash Dividend Announcements: Evidence from the Indian Manufacturing Companies

2017 ◽  
Vol 16 (1) ◽  
pp. 29-60 ◽  
Author(s):  
Sadaf Anwar ◽  
Shveta Singh ◽  
P. K. Jain
Keyword(s):  
Stock Price ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Abnormal Returns ◽  
Manufacturing Companies ◽  
Cash Dividend ◽  
Mean Values ◽  
Significant Difference ◽  
Dividend Announcements ◽  
The Impact

According to a recent survey by McKinsey and Company, the Indian manufacturing sector is expected to touch US$ 1 trillion by 2025.This study analyses the impact of the announcement of cash dividends on the stock price returns of the manufacturing companies listed on Bombay Stock Exchange using event study methodology. Further, it explores whether the US financial crisis recession impacted average abnormal returns (AARs) in the period of study. The empirical results show that cash dividend announcements have positive AARs. Overall, the results lend support to the signalling and informational content hypotheses of dividends. The paired samples t-test indicates a significant difference in the mean values of AARs in the pre-and post-recession phases, highlighting the impact of recession.

scholarly journals MIGRATION POLICY AS A FACTOR OF NATIONAL ECONOMIC SECURITY

2019 ◽  
pp. 51-50
Author(s):  
Tatiana Podolskaya ◽  
Ekaterina Medyakova ◽  
Nina Kolesnikova
Keyword(s):  
Migration Policy ◽  
Economic Security ◽  
The State ◽  
Medium Term ◽  
Global Trends ◽  
Current State ◽  
Term Forecast ◽  
National Economic ◽  
Actual Direction ◽  
The Impact

Authors consider the impact of migration processes on the state of country’s security. The other actual direction of this research is to identify the dependence of country’s economic security on the intensity of migration regulation.  The complexity of assessing global trends in migration policy leads to the need for a comparative analysis of the conditions for their implementation in the context of world labor migration centers. The paper analyzes the main tools of migration policy, the study of which made it possible to summarize and identify measurable indicators of the impact of migration processes on the state of economic security. The complex of designated challenges and threats to the economic security of the state will allow to form an overall picture of the current state of the object and a qualitative medium-term forecast.

scholarly journals The Effect of Institutional Ownership and Audit Committee on Audit Quality with Financial Distress as Moderation: On Manufacturing Sector Companies Listed on The Indonesia Stock Exchange Period 2016-2020

2021 ◽  
pp. 1-8
Author(s):  
Mr Jombrik ◽  
Vika Alifta Tamami
Keyword(s):  
Financial Distress ◽  
Quantitative Research ◽  
Audit Committee ◽  
Audit Quality ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Manufacturing Companies ◽  
The Impact

This study aims to analyze the effect of institutional ownership and audit committee on audit quality with financial difficulties as a moderation. This research was conducted on Manufacturing Companies in the Consumer and Industrial Goods Sector Listed on the Indonesia Stock Exchange for 2016-2020. The quantitative research method uses secondary data, namely the company's annual report that is the object of research. Analysis of the data used is logistic regression analysis. The results show that the direction of the influence of the institutional ownership variable on audit quality is positive, where institutional ownership has a significant effect on audit quality. Likewise, the direction of the impact of the audit committee on audit quality is positive but does not significantly affect audit quality. The results of the moderation show that Financial Distress can moderate institutional ownership in influencing audit quality. In contrast, after being moderated with the financial distress variable, the audit committee has a negative and significant direction, which means it can moderate the audit committee in influencing audit quality but in the opposite direction.

scholarly journals BUSINESS REVENUE AND JOB RETENTION DURING COVID-19 CRISIS IN MANUFACTURING SECTOR IN SERBIA

2021 ◽  
Vol 11 (S.I.2) ◽  
Author(s):  
Ivana MARINOVIC MATOVIC ◽  
Andjela LAZAREVIC
Keyword(s):  
Crisis Management ◽  
Working Conditions ◽  
Manufacturing Sector ◽  
Dynamic Environment ◽  
Working Environment ◽  
Job Retention ◽  
Manufacturing Companies ◽  
Business Conditions ◽  
The Republic ◽  
The Impact

Manufacturing companies in the Republic of Serbia had to react quickly to the changed business conditions during Covid-19 crisis, in order to adjust their businesses, as well as working conditions to the new circumstances. Since most of the employees in these companies cannot work remotely, maintaining production processes was challenged due to the restrictions imposed by the state and decreased demand for their products. New dynamic environment influenced differently various segments of manufacturing companies’ businesses, which affected companies’ business revenue and number and structure of its employees. This paper investigates the impact of Covid-19 on the manufacturing companies’ business revenue, and subsequently their employees and job retention schemes. It further explores the possibilities of effective crisis management in the Republic of Serbia, as well as readiness of manufacturing companies’ employees and management to adapt to the new working environment caused by the Covid-19 pandemic, in order to lessen its impact on the companies’ performance and profitability.

scholarly journals The Effects of Digital Transformation on Firm Performance: Evidence from China’s Manufacturing Sector

2021 ◽  
Vol 13 (22) ◽  
pp. 12844
Author(s):  
Lei Guo ◽  
Luying Xu
Keyword(s):  
Financial Performance ◽  
Organizational Performance ◽  
Manufacturing Sector ◽  
Operating Performance ◽  
Digital Transformation ◽  
Manufacturing Companies ◽  
Performance Effects ◽  
Different Dimensions ◽  
The Impact ◽  
Benefits And Costs

With vast potentials in improving operations and stimulating growth, digital transformation has aroused much attention from firms across the world. However, the high costs associated with the transformation can not be ignored. Limited research has looked into the organizational performance effects of digital transformation. After examining the benefits and costs of digital transformation, this research makes an empirical study on the impact of digital transformation on firm operational and financial performance. The panel data from 2010 to 2020 of 2254 manufacturing companies in China suggests that the intensity of digital transformation is in positive correlation with the process-based operating performance, and in the U-shaped correlation with the profit-oriented financial performance. Further, we find that digital transformation has a much more lasting impact on operating performance than on financial performance. The conditions required (i.e., policy and innovation environment) to improve the operating performance via digital transformation are more easing. This research shows the differentiated effect of digital transformation on different dimensions of organizational performance and provides guidance for companies to set the goals for digital transformation.

scholarly journals The Indirect Impact of Busy Directors on the Relationship of Family Structure and Cash Flow Sensitivity of Cash (Empirical Research in Indonesia’s Manufacturing Sector 2013-2017)

2021 ◽  
Vol 12 (1) ◽  
pp. 111-114
Author(s):  
Wahyu Santoso ◽  
Cynthia Afriani Utama
Keyword(s):  
Family Structure ◽  
Cash Flow ◽  
Manufacturing Sector ◽  
Manufacturing Companies ◽  
Flow Sensitivity ◽  
Indirect Impact ◽  
Cash Flow Sensitivity ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

Research aims: This research aimed to determine the impact of family structure on the cash flow sensitivity of cash (CFSC) in the manufacturing sector. It also investigates the indirect impact of busy directors as a moderating effect.Design/Methodology/Approach: Based on a sample of Indonesia’s manufacturing companies from 2013 to 2017, the researcher uses GLS regression models on this panel data calculated with robustness fit test at the firm’s level.Research findings: It indicated that family structure has a impact positively on cash flow sensitivity of cash and statistically significant. Meanwhile, the indirect impact of busy directors  found to have a impact negatively and weakened on the relationship of family structure and CFSC, it also indiciated that quality of busy directors is an tool of corporate governance that is effectively to monitor of every family firm’s decisions.Theoretical contribution: This article enriches previous literature by justifying the impact of busy directors on the relation between every each of family’s firm decision and CFSC. Furthermore, it showed us a metric for agency problems that is the sensitivity of cash to corporate cash flows.Implication policy: Based on POJK regulations, the context of busy directors in this research refers to the roles and duties of the Board of Commissioners (BOC) which concurrently hold positions for other public companies.Research Limitation/Implication: The implications suggest that almost most of Indonesian family corporation are tend to expropriate minority by extracting rents through coporate cash flow sensitivity of cash behavior. 

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