scholarly journals A NUMBER OF FINANCIAL FACTORS AFFECT THE EFFICIENCY OF USING CAPITAL OF VIETNAM DAIRY PRODUCTS JOINT STOCK CORPORATION (VNM-VINAMILK)

2020 ◽  
Vol 42 (06) ◽  
Author(s):  
NGUYỄN TRUNG TRỰC
Keyword(s):  
Dairy Products ◽  
Quantitative Research ◽  
Market Value ◽  
Financial Statements ◽  
Joint Stock Company ◽  
Stock Company ◽  
State Management ◽  
Financial Factors ◽  
Data Source ◽  
Stock Corporation

Determining a number of financial factors which affect the efficiency of using capital of a corporation in general is very important. Due to the size of the company, it becomes a matter in Vietnam Dairy Products Joint Stock Corporation (VNM-Vinamilk) in particular. Because analizing these not only increases the profit, and the earnings of stock, but also its market value, as well as shareholders’ wealth, will be grown. Quantitative research method, using Eviews software, is being used in this research. The data source is the quarterly financial statements of Vietnam Dairy Corporation from 2006 to 2018. The research results are references for not only investors, credit institutions to consider investing in Vietnam Dairy Products Joint Stock Company (VNM- Vinamilk) but also business for managers, and state management agencies who have proposed effective economic and financial solutions and policies……..

scholarly journals The Official Statistical Observation by Form “Report on Issue, Offering and Circulation of Securities”: The Importance for Decision-Making at the Ukrainian Stock Market

2019 ◽  
Vol 86 (3) ◽  
pp. 14-24
Author(s):  
V. P. Panteleiev
Keyword(s):  
Stock Market ◽  
Financial Statements ◽  
Securities Market ◽  
Joint Stock Company ◽  
Statistical Methodology ◽  
Stock Company ◽  
Information Base ◽  
The Core ◽  
Statistical Observation ◽  
Statistical Indicators

Practical aspects of preparation and use of the Official Statistical Observation of Ukrainian enterprises by Form “Report on Issue, Offering and Circulation of Securities” is highlighted from the perspectives of equity formation and transfer of ownership for equity components (shares and other securities). Value characteristics of issue, offering and circulation of issuers’ securities are discussed. It is demonstrated that the above characteristics constitute the information base for the operation of securities market, with the core data being the overall nominal value of securities belonging to the owners. Emphasis is made on the importance of data obtained from the form No 2-Б about issue, offering and circulation of securities for the Ukrainian stock market; data on key transactions on the securities market in 2012–2016 are given.       The classification and terms of the official statistical observation and the peculiarities of preparing the report on issue, offering and circulation of securities by form No 2-Б are discussed. The essential observation parameters are selected as the classification criteria, namely: characteristics of its organization, preparation, subject, respondents, statistical methodology, statistical tools, statistical indicators, etc.  It is stressed that statistical information carriers, e. i. observation forms, were being changed along with transformations in the Ukrainian economy. The evolution of the form No 2-Б for the official statistical observation of Ukrainian enterprises on issue, offering and circulation of securities over 1997–2017 is traced. The change in recording of aspects like bond value, as well as observation status, title, respondents, periodicity, contents of the form sections, etc. are shown.      The information base for the official statistical observation by form No 2-Б is the data from accounting and financial statements of enterprises issuing equity securities. The legal base is provisions and regulations of normative acts on equity, fixed in the statutory documents of an issuer. The information from accounting and financial statements of a joint-stock company on equity transferred to ownership has considerable value, being used for effective company management and for filling and submission of the form No 2-Б. The latter is of great interest for investors engaged in taking investment decisions. Conclusions from the study are made and areas of further studies are outlined.      

TO THE QUESTION OF THE PROBLEMS OF THE COMPANY'S FINANCIAL RESULTS ANALYSIS

2021 ◽  
pp. 43-51
Author(s):  
Olga A. Romanova
Keyword(s):  
Financial Statements ◽  
Activity Period ◽  
Joint Stock Company ◽  
Stock Company ◽  
Legal Form ◽  
Management Personnel ◽  
Primary Documents ◽  
Commercial Enterprise ◽  
The Russian Federation ◽  
Commercial Organization

According to the civil legislation of the Russian Federation, the main goal of any commercial organization is to obtain stable profit and prevent negative financial results throughout the entire activity period. This is possible through operational (at best, daily) control over the ratio of income and expenses by management personnel, conducting an in-depth retrospective and prospective analysis of revenue, the total cost of the produced and sold product, and other income and expenses. Analytical studies are needed in terms of the influence of individual factors on the amount of income and expenses, and, as a result, prompt measures to prevent unprofitable production and sales are required. Unfortunately, information alone from the published form of the financial results report is insufficient, it is necessary to have additional data describing it, as well as the corresponding accounting registers and primary documents confirming the amount of income and expenses of the company under study. Based on the economic analysis of the indicators of the report on the financial results of a commercial enterprise that has the legal form of a joint-stock company, the article identified shortcomings in the structure and content of the explanations to the annual financial statements, approved by order of the Ministry of Finance of Russia of 02.07.2010, No. 66n. Recommendations are given on the introduction of new section 6 «Income» and new edition of section 7 «Expenses» in the tabular form of the Explanations, these will significantly increase the analytical level of information, allow to promptly monitor and forecast the amount of income, expenses and financial results and make effective management decisions to improve the financial position of Russian companies.

scholarly journals Joint-Stock Corporation under Turkish Commercial Law and the Doctrine of Increasing Shareholder Commitments

2015 ◽  
Vol 5 (2) ◽  
pp. 79-89
Author(s):  
Berna Tepe
Keyword(s):  
Equity Capital ◽  
Joint Stock Company ◽  
Stock Company ◽  
Commercial Law ◽  
Unanimous Vote ◽  
Commercial Code ◽  
Turkish Commercial Code ◽  
Unanimous Consent ◽  
Stock Corporation ◽  
As If

 ABSTRACT The principle that the shareholder of a joint-stock company is under the single obligation of paying in his contribution to the equity-capital is in force within the framework of the 2011 Turkish Commercial Code. It appears as if the reinforced principle of “single obligation” critically challenges the relevance of the formerly settled norm of subjecting increase in shareholders’ commitments to unanimous consent of all shareholders.  That being said, since the Turkish Commercial Code also contains deviations to the single obligation principle in addition to the fact that the notion of increase is shareholders’ commitments was not made entirely obsolete from the Turkish Commercial Code, the doctrine for subjecting increases in shareholders’ commitments to the general assembly’s unanimous vote is - to an extent - still relevant within the context of the 2011 Turkish Commercial Code.

FINANCIAL REPORTING IN THE EARLY YEARS OF THE EAST INDIA COMPANY

1986 ◽  
Vol 13 (1) ◽  
pp. 19-30 ◽  
Author(s):  
Vahé Baladouni
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Early Years ◽  
East India Company ◽  
Joint Stock Company ◽  
Stock Company ◽  
Reporting Practices ◽  
English East India Company

The first archival period (1600–1663) of the (English) East India Company is marked by an absence of accounting materials. A small number of financial statements have escaped peril, however, and found their way to the India Office Library and Records in London. Of these, two are of singular interest. Along with related Company minutes, these statements are analyzed and interpreted in this paper. They shed some light on the reporting practices and concepts of the early years of the incorporated joint-stock company.

scholarly journals Financial And Non-financial Factors Motivating Individual Donors To Support Public Benefit Organizations

2015 ◽  
Vol 18 (1) ◽  
pp. 131-152 ◽  
Author(s):  
Halina Waniak-Michalak ◽  
Ewelina Zarzycka
Keyword(s):  
Quantitative Research ◽  
Research Laboratory ◽  
Econometric Model ◽  
Financial Statements ◽  
Financial Information ◽  
Financial Data ◽  
Charitable Donations ◽  
Public Benefit ◽  
Financial Factors ◽  
Donation Process

This study is aimed at determining how the financial data of public benefit organizations (PBOs) affects donations received by them and if the donors use financial and non-financial information in order to donate. In order to achieve our aim we used different methods of research: quantitative research (econometric model and survey) and qualitative research (laboratory test). The research allowed us to draw the conclusion that Polish donors make very limited use of PBOs’ financial statements in the donation process and that non-financial information plays greater role for donors in making decisions to give charitable donations. The most important information is the organization's goals and descriptions of its projects. At the same time, many donors stated that they donated under the influence of people they knew. This article fits into the scope of world research on PBOs and uses the concept of civil society.

scholarly journals Pengaruh Pembiayaan Mudharabah, Murabahah dan Musyarakah terhadap Return On Assets

2021 ◽  
Vol 1 (1) ◽  
pp. 16-24
Author(s):  
Irvan Muhamad Rizky ◽  
Azib
Keyword(s):  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Financial Statements ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Independent Variables ◽  
Data Source

Abstract. Mudharabah, Murabahah and Musyarakah Against ROA on Sharia Purchases listed on the Indonesia Stock Exchange. The data in this study are quarterly financial statements at Bank Rakyat Indonesia Syariah with a purposive sampling technique and obtained research samples of 6 samples of 30 data. For the dependent variable (Y) of this study is Return On Assets (ROA). For independent variables (X) published: Murabahah, Mudharabah, and Musyarakah. The method used is a quantitative research method. For the data source is secondary data using SPSS 20.0 data processing analysis. Based on the results of multiple regression analysis, the results of this study indicate that Murabahah and Mudharabah have a positive and significant effect on Return On Assets (ROA), Musyarakah have a negative and significant effect on Return On Assets (ROA), and Inflation does not play a role on Return On Assets (ROA). Abstrak. Penelitian ini bertujuan untuk mengetahui apakah, Mudharabah, Murabahah dan Musyarakah Terhadap ROA pada Perbankan Syariah yang terdaftar di Bursa Efek Indonesia. Data dalam penelitian ini adalah laporan keuangan triwulan pada Bank Rakyat Indonesia Syariah dengan teknik purposive sampling dan diperoleh sampel penelitian sebanyak 6 sampel 30 data. Untuk variabel dependen (Y) dari penelitian ini adalah Return On Asset (ROA). Untuk variabel independen (X) meliputi: Murabahah, Mudharabah, dan Musyarakah. Metode yang digunakan adalah metode penelitian kuantitatif. Untuk sumber data adalah data sekunder dengan menggunakan analisis pengolahan data SPSS 20.0. Berdasarkan hasil analisis regresi berganda, maka hasil penelitian ini menunjukkan bahwa Murabahah dan Mudharabah berpengaruh positif dan signifikan terhadap Return On Asset (ROA), Musyarakah berpengaruh negatif dan signifikan terhadap Return On Asset (ROA), dan Inflasi tidak berpengaruh terhadap Return On Asset (ROA).

scholarly journals PUBLICITY OF SHARE PRODUCTS – FEATURES OF FUNCTIONS IN UKRAINE

2021 ◽  
Author(s):  
Liudmyla Zaitseva
Keyword(s):  
Stock Market ◽  
Business Models ◽  
Market Value ◽  
Joint Stock Company ◽  
The European Union ◽  
Stock Company ◽  
Public Companies ◽  
Public Offerings ◽  
Definition Of ◽  
Traditional Structures

The movement of the economy on the path of efficiency, rationalization and constant renewal, through the creation of an innovative environment that destroys traditional structures and opens opportunities for transformation is achieved through the activities of public companies that are subjects of the stock market. The presented article is devoted to substantiation of theoretical positions and definition of features of activity of public companies on the basis of experience of the countries of the European Union. The activities of public companies are regulated by law and related to the stock market. The key theses of the legislative base of Ukraine concerning the activity of joint-stock companies are given. Emphasis is placed on a clear criterion for classifying a joint-stock company as a public one, due to cooperation with the stock market. The peculiarities of the functioning of modern foreign public companies, including in comparison with private campaigns, are given. The results of the analysis of the dynamics of the number of public companies indicate the low readiness of Ukrainian business for transparent activities, and the underdevelopment of the Ukrainian stock market limits the prospects for choosing sources of increasing the market value of public companies in the future. The publicity of companies in Ukraine is questionable due to the lack of public offerings by issuers of shares in Ukraine. These facts point to the problems associated with increasing the level of capitalization of the company by increasing the market value of capital and the formation of effective sources of financing by expanding the range of financial instruments and resources. The peculiarities of this form of entrepreneurship (infinity of stakeholders, openness of information, legality of actions, sustainability of business models, transparency of decisions) due to increased investment attractiveness and liquidity of assets for investors, which is achieved by ensuring openness, transparency and social responsibility of public companies.

scholarly journals Pengaruh Biological Asset Intensity, Konsentrasi Kepemilikan Dan Profitabilitas Terhadap Pengungkapan Aset Biologis

2020 ◽  
Vol 4 (2) ◽  
pp. 271-282
Author(s):  
Chilma Zufriya ◽  
Negina Kencono Putri ◽  
Yusriati Nur Farida
Keyword(s):  
Data Analysis ◽  
Quantitative Research ◽  
Secondary Data ◽  
Financial Statements ◽  
Ownership Concentration ◽  
Public Accounting ◽  
Accounting Firm ◽  
Analysis Technique ◽  
Size Type ◽  
Data Source

Agricultural companies need to disclose biological assets because biological assets are the main assets owned by the company. Some factors that influence the disclosure of biological assets include biological asset intensity, ownership concentration, company size, type of public accounting firm, and profitability. The purpose of this study is to examine and analyze the effect of Biological Asset Intensity, Ownership Concentration, and Profitability on Biological Asset Disclosure. This research is a type of quantitative research and the data source used is secondary data in the form of annual financial statements of agricultural companies for the period of 2016 to 2018. The data analysis technique used is descriptive statistics and regression analysis. Based on the results of research and data analysis shows that biological asset intensity does not affect disclosure of biological assets; concentration of ownership does not affect disclosure of biological asset; profitability does not affect disclosure of biological asset.

scholarly journals Estimation of fair value at balance sheet valuation of a joint-stock deposit listed on the stock exchange

2019 ◽  
Vol 2019 (105 (161)) ◽  
pp. 31-46
Author(s):  
Jurij Renkas
Keyword(s):  
Stock Exchange ◽  
Balance Sheet ◽  
Financial Statements ◽  
Fair Value ◽  
Joint Stock Company ◽  
Stock Company ◽  
Equity Investments ◽  
Original Approach ◽  
Selection Of ◽  
Non Parametric

The idea behind the research presented in this article is to provide the recipient with reporting information on the valuation of a joint-stock deposit most appropriate to their expectations. The aim of the publication is to discuss theoretical aspects of the algorithmic method of valuation of equity investments at fair value and to present how to use it using a numerical example. The proposed method uses the non-parametric approach and selection of the normal kernel function. Three approaches to estimating the fair value of equity investments were used: (a) calculation of fair value based on data from the end of the reporting year, (b) calculation of fair value at the end of the year, but after the inclusion of data from the month of January, (c) fair value calculation at the end period of attached listings (31 January). The quotations of shares of the joint-stock company KĘTY were used to calculate and illustrate the presented valuation concept. The research results indicated that the fair value of non-parametric regression calculated on the basis of the data until January 2 of the following year, inclusive, should be used as the fair value of the valuation. On the other hand, the value calculated at the end of the month of January of the following year is proposed to be included in the notes to the financial statements to allow the users of the report to gain an opinion about the trend. The presented method is an original approach to the estimation of fair value at the balance sheet valuation of investments containing shares listed on the stock exchange.

Studying Demand for Institutes of Corporate Governance: Legal Aspects

2003 ◽  
pp. 50-61 ◽  
Author(s):  
T. Medvedeva ◽  
A. Timofeev
Keyword(s):  
Corporate Governance ◽  
Legal Aspects ◽  
Joint Stock Company ◽  
Federal Law ◽  
Stock Company ◽  
Open Joint Stock Company ◽  
Open Joint ◽  
Market Relations ◽  
Corporate Legislation

The article analyzes legal aspects of institutes of corporate governance. Different draft laws "On Joint-Stock Companies" are considered which reflected interests of separate groups of participants of market relations. Stages of property redistribution are outlined. The advantages of the model of the open joint-stock company are formulated. Special attention is paid to the demand for legal institutes of corporate governance as well as to the process of accepting the Federal Law "On Entering Amendments to the Federal Law "On Joint-Stock Companies"" which was enacted in 2002. The article contains proposals directed at improvement of corporate legislation.

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