scholarly journals Determinants of business performance of the firms: A case of the construction listed enterprises in Vietnam Stock Market

Accounting ◽  
2021 ◽  
Vol 7 (7) ◽  
pp. 1741-1750 ◽  
Author(s):  
Vu Ngoc Xuan
Keyword(s):  
Growth Rate ◽  
Stock Market ◽  
Business Performance ◽  
Positive Impact ◽  
Listed Companies ◽  
Education Level ◽  
Government Support ◽  
Annual Reports ◽  
Revenue Growth ◽  
The Government

This research aims to investigate the determinants of business performance in Vietnam small and medium sized firms. The study employs a sample of 100 construction-listed enterprises in the Vietnam Stock Market. The author collects data on time series of October 2020 based on the financial statement and annual reports of the Vietnam construction listed companies. The survey data are collected by email and internet sources. This study also identifies the factors that affect the business performance enterprises in Vietnam. The author processed data via STATA 14.0 and SPSS 20.0 software. The research results indicate that (1) government support policies, (2) education level of enterprises owner, (3) enterprises scale, (4) society relationships of enterprises and (5) revenue growth rate affect the business performance of construction- listed enterprises in Vietnam. In addition, the government support policies, education level of enterprises owner, enterprises scale, society relationships of enterprises and revenue growth rate have positive impact on business performance of the Vietnam Construction Listed Companies. In which, education level of enterprises owner and government support policies have mostly positive impacts on business performance. The findings of this study also suggest that the education level of enterprise owners is the highest impact to business performance of the construction- listed firm in Vietnam.

Prinsip Dasar Ekonomi Dan Bisnis Dalam Islam

AKADEMIKA ◽  
2015 ◽  
Vol 9 (1) ◽  
pp. 69-77
Author(s):  
Misbahul Khoir
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Human Behavior ◽  
Business Performance ◽  
Positive Impact ◽  
Economic Life ◽  
Universal Values ◽  
The Government ◽  
Islamic Economic ◽  
And Behavior

In order for humans could reach the so-called falah (goodness), human behavior needs to be colored with the spirit and norms of Islamic economics reflected in its values. The principles and values of Islamic economics are considerably two inseparable things. The implementation of economic principles without being colored with values or values without being based on principles could keep people far away from their purpose, namely falah. The implementation of values not based on principles will tend to bring with it the normative economics, which would cause it trapped into injustice. While the implementation of values on the Islamic economic development is based on the five universal values, namely akidah (belief), 'adl (justice), nubuwwah (prophetic), khilafah (the government), and ma'ad (results). The five principles are used as the basis for building theories of Islamic economics. But strong and adequate theories not applied into a system will make the Islamic economics just as the study of science without giving positive impact on the economic life. Therefore, based on the five universal values, the three derivative principles should be built into the characteristics and the forerunner of the Islamic economic system. The Islamic economic system makes sure that there are no economic transactions that are contrary to the Shari'a. But business performance depends on the man behind the gun. For that reason, the economic actors within this framework could be held by non-Muslims. The Islamic economics could only be developed if the mindset and behavior of Muslims are already itqan (diligent) and ihsan (professional). It "may be" one of the secrets of the Prophet's statement, saying "Truly I was sent to perfect good character". Because good character could be an indicator of knowing good or bad behavior in determining both the success and the failure of business itself.

scholarly journals The Impact of Corporate Social Responsibility on the Financial Performance of Listed Companies in Thailand

2021 ◽  
Vol 13 (16) ◽  
pp. 8920
Author(s):  
Muttanachai Suttipun ◽  
Pankaewta Lakkanawanit ◽  
Trairong Swatdikun ◽  
Wilawan Dungtripop
Keyword(s):  
Financial Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Panel Data Analysis ◽  
Descriptive Analysis ◽  
Listed Companies ◽  
Annual Reports ◽  
Corporate Social ◽  
The Impact

This study aims to: (1) investigate the amount of corporate social and environmental responsibility (CSR) spending, awards, and activities of listed companies in the Stock Exchange of Thailand (SET) and in the Market for Alternative Investment (MAI); (2) test the impact of CSR spending, awards, and financial performance activities; and (3) examine the amount of CSR spending, awards, and activities between companies with and without a CSR committee. The sample included all the listed companies in the resource industry from the SET and the MAI. The data were collected from the companies’ annual reports from 2015 to 2019. Descriptive analysis, an independent-sample t-test, a correlation matrix, and an unbalanced panel data analysis were used to analyze the data. The average level of spending per activity was 2.2964 million baht. There were, on average, 2.1741 awards and 11.4178 activities during the studied period. Moreover, there was a significant negative impact of CSR spending, and a positive impact of CSR awards and activities, on corporate financial performance. Finally, there was a significantly different amount of CSR spending, awards, and activities between the companies with and without a CSR committee. The findings of this study demonstrate that legitimacy theory can be used to explain the benefit of CSR to Thai-listed companies, although CSR is still a voluntary corporate responsibility in Thailand.

scholarly journals Relevance of social capital in women’s business performance in Bangladesh

2017 ◽  
Vol 15 (1) ◽  
pp. 87-94 ◽  
Author(s):  
L Mozumdar ◽  
KS Farid ◽  
PK Sarma
Keyword(s):  
Social Capital ◽  
Rural Women ◽  
Business Performance ◽  
Poverty Reduction ◽  
Positive Impact ◽  
Rural Poverty ◽  
Microfinance Institutions ◽  
Information Gap ◽  
The Government ◽  
External Actors

Social capital has been projected as a key resource in entrepreneurial success. While the association between successful business activity by rural women and their ability in building social capital is often seen as a pathway of poverty reduction, a thorough understanding of the relevance of social capital in women’s business performance could have crucial insights into ways for alleviating rural poverty in developing countries. Nonetheless, the relevance of social capital in women’s business performance has hardly studied in the specific context of Bangladesh. The present review is undertaken to fill this information gap. Social capital has positive impact on gaining legitimacy, building mutual trust and co-operation in women’s business. Besides, women enterprises with enhanced social capital are found to possess better access to other forms of capital. The review shows the importance of external actors such as microfinance institutions in developing social capital of women enterprises in Bangladesh. Alongside microfinance, regulative factors such as different rules and regulations of the government can positively facilitate women entrepreneurship development in rural Bangladesh.J. Bangladesh Agril. Univ. 15(1): 87-94, January 2017

scholarly journals Factors Influencing Engineers’ Attitude towards Environmental Sustainability

2018 ◽  
Vol 65 ◽  
pp. 04003
Author(s):  
Siti Nur Fazillah Mohd Fauzi ◽  
Nor’Aini Yusof ◽  
Hanizam Awang ◽  
Mohd Nurfadzli Mat Nah
Keyword(s):  
Environmental Sustainability ◽  
Construction Projects ◽  
Positive Impact ◽  
Peninsular Malaysia ◽  
Vital Role ◽  
Government Support ◽  
Policy Makers ◽  
Responsible Attitude ◽  
The Government ◽  
The Relationship

Engineers have a vital role in addressing environmental degradation in construction projects. Therefore, engineers’ positive attitude towards the environment is important to ensure that construction projects are carried out responsibly. The objective of this paper is to investigate the factors that influence engineers’ attitude towards green practice. Six factors; Knowledge, Self-initiative, Firm Support, Government Support, Board of Engineers Support and Client Attributes were assumed to influence the engineers’ attitude towards green practice. A self-administered survey with 37 items was distributed to engineering firms in Peninsular Malaysia and 128 usable responses were received. The results show a moderate relationship with 32 percent of the variances in the relationship between the six factors and engineers’ attitude. The results reveal that self-initiative and government support have a significant and positive impact on the engineers’ attitude towards green practice with the higher effect coming from the support from the government (f2 = 0.210) as compared to self-initiative (f2 = 0.058). In contrast, the results provide insufficient evidence about the relationship between Knowledge, Firm Support, Board of engineers Support and Client Attributes and engineers’ attitude towards green practice. The results serve as a guide to the policy makers and engineers to ensure responsible attitude can be adopted towards the environment.

The Effect of Capital Structure, Size and Revenue Growth on the Effectiveness of Garment Businesses Listed on Vietnam’s Stock Market

2019 ◽  
Vol 35 (4) ◽  
Author(s):  
Do Huy Thuong ◽  
Tran Luu Ngoc ◽  
Nguyen Thi Phuong Hong
Keyword(s):  
Stock Market ◽  
Capital Structure ◽  
Firm Size ◽  
Business Performance ◽  
Negative Impact ◽  
Short Term ◽  
Return On Equity ◽  
Revenue Growth ◽  
The Impact

Considering the impact of the capital structure on the effectiveness of businesses is extremely important. Therefore, this study is conducted in order to find the influences of capital structure, firm size and revenue growth on the performance of the garment businesses listed on Vietnam stock market in the period of 2013-2018 with the representation of return on equity (ROE). The research with the use of panel data has shown that the ratio of short-term debt on total assets, the firm size and the revenue growth all have positive impacts on business performance. Meanwhile, the ratio of long-term debt on total assets has a negative impact on the performance of garment businesses at the statistically significant level of 5%.

HUBUNGAN ORIENTASI KEWIRAUSAHAAN DENGAN PERTUMBUHAN UMKM: PERAN ASPEK PERMODALAN DAN PEMERINTAH SEBAGAI MODERATOR

2016 ◽  
Vol 1 (1) ◽  
pp. 61-70
Author(s):  
Hanuna Shafariah ◽  
Edison Edison ◽  
Rio Mattajang
Keyword(s):  
Development Strategy ◽  
Entrepreneurial Orientation ◽  
Business Performance ◽  
Information Provision ◽  
Business Owners ◽  
Government Support ◽  
The Development Strategy ◽  
The Government ◽  
The Relationship

This study aimed to examine the relationship between entrepreneurial orientation (EO) with of SMEs growth, and capital factors and government support as a moderator. Using the data collected from 90 SME’s, the study employs Hierarchical moderated regression analysis was used to test the hypotheses. The statistical results lead to the following conclusions: EO has a significant positive relationship with SME's growth, but the role of capital factors and government support as moderator unsupported. The implication of these findings is that the government and financial institutions as the two institutions need to increase their role to encourage the growth of SMEs in terms of information provision, access to markets, capital, and training needs so it can serve as a reference for determining the development strategy of SMEs in the future. From the business owners or SMEs themselves, this research can be used as guidelines for business performance improvement through entrepreneurship-oriented behavior. Keywords: entrepreneurial orientation, SMEs growth

scholarly journals Role of Government to Enhance Digital Transformation in Small Service Business

2021 ◽  
Vol 13 (3) ◽  
pp. 1028 ◽  
Author(s):  
Chun-Liang Chen ◽  
Yao-Chin Lin ◽  
Wei-Hung Chen ◽  
Cheng-Fu Chao ◽  
Henry Pandia
Keyword(s):  
Business Performance ◽  
Digital Transformation ◽  
Government Support ◽  
Role Of Government ◽  
Service Business ◽  
Content Analysis Method ◽  
The Government ◽  
Barriers And Challenges ◽  
Policies And Programs

In the digital economy era, small service business struggle to compete in a rapidly changing and dynamic market. Therefore, through digital transformation (DT), small service business seek to increase their competitive advantage, improve business performance, and achieve business growth. Having limited resources and capabilities, small service business must deal with several barriers and challenges. This study aims to discover the barriers, and the roles of government, for digital transformation in small service business. This study applied a qualitative approach involving semi-structured in-depth interviews with top management of small service business. Then, we employed the content analysis method to examine interview data and construct a model. This research reveals four main barriers to digital transformation in small service business: lack of funding, lack of digital capability, lack of human resources, and technical barriers. We found there are four government roles for supporting digital transformation in small service business: build a digital platform for small service business, promote mobile/digital payment, provide digital training, and build a digital collaboration ecosystem. Additionally, based on this study’s findings, a model for barriers and government support of digital transformation in small service business is presented. This study contributes to the conceptual framework and management implications in the digital transformation field. The study’s findings provide insights to practitioners and suggest that the government could alter the current policies and programs to support digital transformation in small service business.

scholarly journals Government Reform, Regulatory Change and Carbon Disclosure: Evidence from Australia

2021 ◽  
Vol 13 (23) ◽  
pp. 13282
Author(s):  
Parvez Mia ◽  
Tarek Rana ◽  
Lutfa Tilat Ferdous
Keyword(s):  
Voluntary Disclosure ◽  
Carbon Tax ◽  
Positive Impact ◽  
Clean Energy ◽  
Annual Reports ◽  
Future Research ◽  
Regulatory Change ◽  
Regulatory Guidance ◽  
History Of ◽  
The Government

This paper examines the effect of two Australian environmental regulatory changes, specifically the Clean Energy Act (CEA) 2011 and the National Greenhouse and Energy Reporting (NGER) Act 2007 with reference to voluntary corporate carbon disclosure practices. In doing so, it describes the brief history of this carbon-related regulatory change, its scope, enforcement criteria and corporations’ disclosures. This is a longitudinal analysis of 219 annual reports of 73 listed corporations in Australia which were subjected to carbon tax and report carbon emissions as per the CEA 2011 and NGER Act 2007 accordingly. Any corporation or facility that emitted scope 1 emissions of 25,000 tonnes of carbon dioxide equivalent (CO2-e) or more were liable for a carbon tax in accordance with CEA 2011. Drawing on stakeholder theory and legitimacy theory, this study uses content analysis to examine corporate carbon disclosure. The findings suggest there is a considerable increase in the number of carbon-related disclosures following these regulations being enacted as law. In addition, carbon-specific communication has become much more prevalent and accounts for a larger proportion of the sampled organisations’ reported environmental information. The results of this study enrich the validity of the hypothesis that organisations would seek to legitimise their operations to stakeholders by increasing their environment-related declarations. The evidence presented in the analysis confirms the assertion that government environmental legislation/regulation has a positive impact on corporate behaviour and accountability. These findings have significant consequences for the government, decision-makers and the accounting profession, indicating that regulatory guidance enhances both mandatory and voluntary disclosure. It also offers key insights into the possible impacts of the carbon regulatory change for future research to consider.

scholarly journals Research on the Impact of Social Responsibility of Tourism Listed Companies on Their Business Performance

CONVERTER ◽  
2021 ◽  
pp. 618-634
Author(s):  
Xiaolin Li
Keyword(s):  
Corporate Social Responsibility ◽  
Panel Data ◽  
Social Responsibility ◽  
Business Performance ◽  
Positive Impact ◽  
Listed Companies ◽  
Tourism Industry ◽  
Corporate Social ◽  
The Impact ◽  
At Home

In the process of tourism development, there are some problems that can not be ignored, such as the destruction of natural environment by scenic spot development, unfair competition in the industry, and infringement of employees' rights and interests by enterprises, which directly restrict the development of tourism industry. The issue of tourism corporate social responsibility has been in the sight of global scholars and practitioners. First of all, this paper will study and analyze the relevant theories made so far by scholars and practitioners at home and abroad, to understand the research status of social responsibility of tourism listed companies at home and abroad, as well as the status quo of corporate social responsibility. Secondly, this paper selects 23 domestic tourism listed companies to collect the panel data of their social responsibility reports from 2014 to 2018, and makes an empirical analysis on the sorted panel data through the statistical software Eviews, so as to explore the impact of social responsibility of tourism listed companies on their business performance, And draw the conclusion that tourism listed companies' business responsibility has a positive impact on their business performance, but there is a certain lag in this impact. Based on the research, this paper puts forward some feasible suggestions for tourism enterprises to take the initiative to undertake social responsibility, hoping to provide some help to scholars in related fields and practitioners in enterprises.

scholarly journals Determinant of Stock Market Prices in Nepal: A Case of Commercial Banks

2021 ◽  
Vol 12 (2) ◽  
pp. 1
Author(s):  
Sudip Wagle
Keyword(s):  
Stock Market ◽  
Commercial Banks ◽  
Stock Price ◽  
Market Price ◽  
Positive Association ◽  
Annual Reports ◽  
Secondary Source ◽  
Significant Positive Association ◽  
The Government ◽  
Price Instability

<p>Equity share investment is one of the key investment paths that provide significant returns for investors but, unusual stock price instability makes confusion for them, as well as troubles for policymakers and the government authorities. This study aims to identify the empirical variables that influence the stock market price in commercial banks for 2015/16 to 2019/20 using a set of dependent and independent variables. The study is based on 130 observations from 26 commercial banks (out of 27) in Nepal using a secondary source and the information obtained from annual reports. The descriptive and causal-comparative research design was employed. For that, mean, standard deviation, correlation and regression analysis techniques have been used. The results revealed that Market to Book proportion (M/B), Price-earnings proportion (P/E) and Earning Yield proportion (E/Y) have a significant positive association with the stock market price. In contrast, the Dividend Yield proportion (D/Y) has a positive but insignificant impact on the stock market price. The finding of this study is valuable to the curious investors, concerned bankers, academicians and government authorities, which help them to more about the stock market’s returns and likelihood in the country.</p>

Sign in / Sign up

Export Citation Format

Share Document