scholarly journals INTELECTUAL CAPITAL, MARKET CAP DAN PENGARUHNYA TERHADAP PERTUMBUHAN KEUANGAN PERUSAHAAN NON-KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2016-2019

2019 ◽  
Vol 2 (2) ◽  
pp. 1-10
Author(s):  
Andini Nurwulandari
Keyword(s):  
Capital Market ◽  
Business Performance ◽  
Value Added ◽  
Sustainability Reporting ◽  
Study Data ◽  
Equity Returns ◽  
Earnings Per Share ◽  
Study Process ◽  
The Impact ◽  
Capital Value

Although measuring data assets involves assessing, development, tracking and managing a variety of intangible variables, they are progressively essential for business performance. The goal of the analysis is to examine the impact on financial output of intellectual capital and market cap. The writer utilizes research data from a total of 9 firms in the study data for 2016-2019 to be used by non-financial listed companies on the Indonesian stock market; the study process is the analysis of panel data. The findings from this study indicated that VACA, VAIC, Market Capital Value Added (MCVA) and Earnings per Share had a favorable and meaningful effect (ROE). Sustainability reporting, however, has little effect on equity returns (ROE).

scholarly journals Impact of Financial Ratios on Stock Price: Evidence from Indian Listed Banks on NSE

2021 ◽  
Vol 11 (4) ◽  
pp. 5132-5144
Author(s):  
Nitish Rane ◽  
Pooja Gupta
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Banking Sector ◽  
Study Data ◽  
Capital Adequacy ◽  
Financial Ratios ◽  
Annual Reports ◽  
Earnings Per Share ◽  
Net Interest Margin ◽  
The Impact

This study aims to examine the impact of financial ratios on the stock prices of companies listed on NIFTY Bank. Nifty Bank is a sub-index of NIFTY 50 and has various listed banks included based on the criteria given by NSE. This study data has been taken from the period 2010-2019 and taken from the company annual reports. The analysis is done using panel data regression and other tests to verify the best model for the dataset. The results obtained from this study show that the capital adequacy ratio and the dividend payout ratio do not impact the stock price. In contrast, earnings per share, net NPA ratio, and basic earnings per share, net profit margin, and net interest margin exhibited a relationship with the stock price. In the Indian context, there is less research available on this topic, and the idea chosen for the study is original. Along with this, the data collected for the study and the code used for analysis is original work. New investors can use the results of this study in the Indian stock market to analyze a stock and take proper investment decisions. Another practical usage of this study is that banking sector companies can improve their ratios to attract new investors.

scholarly journals Financial integration in the European Union - the impact of the crisis on the bond market

Equilibrium ◽  
2017 ◽  
Vol 12 (2) ◽  
pp. 195 ◽  
Author(s):  
Darko B. Vukovic ◽  
Edin Hanic ◽  
Hasan Hanic
Keyword(s):  
Capital Market ◽  
Sovereign Debt ◽  
Financial Integration ◽  
Value Added ◽  
Bond Markets ◽  
The European Union ◽  
Medium Term ◽  
Standard Deviations ◽  
Degree Of Convergence ◽  
The Impact

Research background: In our paper we have analyzed the influence of the crisis on the financial integration in the European Monetary Union. We have analyzed EMU capital market to show the impact of the crisis, with the focus on the bonds market. The determinants of the research are yields and standard deviations on medium-term and long-term triple-A bond markets, as well as CDS medium-term premiums. Purpose of the article: The aim of this paper is to show the volatility of researched deter-minants in periods of crisis in EMU zones.Methods: As a model we used a modified theoretical CAL portfolio model. In the last fifteen years Europe has been faced with two major crises: the world economic crisis and sovereign debt crisis.Findings & Value added: We believe that the sovereign crisis hit EMU more, leaving the deeper implications on the financial integration. Our analysis has showed that the crisis had a major impact on the financial integration. Yields and standard deviations increased multiply in periods of crisis and left the impact of volatility on the capital market. However, the degree of convergence of euro area bond markets largely stabilized in last two years.

scholarly journals VALUE ADDED INTELLECTUAL CAPITAL COEFFICIENT (VAIC) AND BUSINESS PERFORMANCE: THE IMPACT OF INTELLECTUAL CAPITAL ON SMALL AND MEDIUM-SIZED ENTERPRISES PERFORMANCE

2021 ◽  
Vol 11 (Especial) ◽  
pp. 2-17
Author(s):  
Vinícius Figueiredo de Faria ◽  
Vanessa Pereira Santos ◽  
Fernando Hadad Zaidan
Keyword(s):  
Intellectual Capital ◽  
Business Performance ◽  
Value Added ◽  
The Impact

O rápido crescimento de empresas intensivas em tecnologia em uma economia baseada no conhecimento, sinaliza a importância da gestão do capital intelectual no meio corporativo. A literatura sobre o tema aponta que este ativo intangível contribui para o desempenho, competitividade e sustentabilidade financeira das empresas. Este fato é marcante especialmente nos países em desenvolvimento, onde as pequenas e médias empresas são consideradas o motor do crescimento, devido à sua capacidade de geração de empregos, flexibilidade e inovação. Mediante a esse ajuizamento, este estudo visa investigar como este ativo intangível é classificado e medido por acadêmicos e qual a sua relação com o desempenho financeiro de pequenas e médias empresas. Esta pesquisa emprega a revisão sistemática da literatura, para identificar os fatores críticos de sucesso que associam os fatores supracitados, em uma ampla perspectiva analítica sobre a mensuração do capital intelectual. Como resultado, as categorias monetárias e não monetárias dos métodos de medição do capital intelectual estão descritas neste estudo e as descobertas sugerem que as empresas com maior desempenho financeiro realizam de forma mais eficiente o potencial de seu capital intelectual.  

scholarly journals “Hotel – OTA” interaction and its influence on the optimization of urban hotels’ distribution channels

2021 ◽  
Vol 129 ◽  
pp. 06001
Author(s):  
Irina Atanasova ◽  
Ivaylo Ivanov
Keyword(s):  
Business Performance ◽  
Value Added ◽  
Regression Methods ◽  
Travel Agencies ◽  
Hotel Managers ◽  
Business Metrics ◽  
Performance Results ◽  
Online Travel ◽  
The Impact ◽  
Online Travel Agencies

Research background: The interaction between hotels and the online travel agencies (OTAs) influences the hotel sales, creating dependencies, which the hotel managers are reluctant to accept. The indicators that evaluate urban hotel sales in Bulgaria in the scope of partnership with OTA are examined. The influence of the modern digital tools to enhance business performance results is reviewed. Purpose of the article: Focusing on Bulgarian urban hotels, the research measures the impact of diverse factors for shaping an adequate business model of an urban hotel. The effect of the share of the hotel sales via OTA platforms, the number of OTAs used, the occupancy rate, the RevPAR and the Booking.com rating score is considered. Finding an appropriate model for digital behavior of urban hotel enterprises is one of the aims of the survey. Methods: A questionnaire distributed among urban hotels situated in industrial towns of Bulgaria is conducted. Linear regression and logistic regression methods are applied for the purpose of the study. Findings & Value added: The importance of channel manager technology for business metrics in this sector is concerned. Three generalized hotel operating models are extracted. It is concluded that there is a necessity for constant management and review of the hotel - OTA relations.

scholarly journals Financial Liquidity as a Factor Determining the Economic Condition of Companies on the Capital Market in Relation to Bankruptcy Law in Poland

e-Finanse ◽  
2019 ◽  
Vol 15 (1) ◽  
pp. 1-9
Author(s):  
Monika Bolek ◽  
Agata Gniadkowska-Szymańska
Keyword(s):  
Capital Market ◽  
Economic Condition ◽  
Quadratic Functions ◽  
Bankruptcy Law ◽  
Economic Entity ◽  
Earnings Per Share ◽  
Financial Liquidity ◽  
The Impact ◽  
A Company ◽  
The Capital Market

AbstractThe aim of this article is to present financial liquidity as a factor affecting the economic condition of the companies on the capital market in relation to the amended Bankruptcy Law in Poland. A study was carried out to determine the impact of liquidity on the increase in earnings per share and return on assets, indicators can be used to assess the economic condition of a company. As a result, logit and quadratic functions were examined and the parameters of the models provided a verification of the hypothesis. As a result, it was found that the good economic situation of a company related to the increase in earnings per share and profitability is affected by the increasing cash efficiency of assets and the decreasing value of the current ratio. It can therefore be concluded that according to theory, conducting a more aggressive policy in the area of liquidity results in an increase in the value of an economic entity and, therefore, its good economic condition, but the effect of overly aggressive policies may influence solvency, which is defined by Bankruptcy Law.

scholarly journals Impacts of Globalization and Conflicts on Business Performance and Possibilities of Its Solution

2021 ◽  
Vol 92 ◽  
pp. 06032
Author(s):  
Peter Seemann ◽  
Zuzana Stofkova
Keyword(s):  
Conflict Resolution ◽  
Business Performance ◽  
Work Performance ◽  
Industrial Relations ◽  
Value Added ◽  
Economic Globalization ◽  
Nation States ◽  
Conflict Situations ◽  
Survey Sample ◽  
The Impact

Research background: The concept of globalization is interpreted by various authors in terms of its importance or content. Globalization refers to the process of gradually erasing the borders of nation-states, and economic globalization is the culmination of this process. The proof is the interconnectedness of economies around the world, where each economy reacts sensitively to fluctuations and changes in other economies. Purpose of the article: The paper deals with the examination of conflicts in the work environment of selected companies and the subsequent formulation of suggestions and recommendations for improvement. Methods: Nowadays, conflicts in industrial relations and failure to manage conflict situations are one of the biggest problems in companies. A quantitative questionnaire survey was used to find out the current situation in companies in terms of conflicts, specific causes of conflicts, the impact of conflicts on work performance, how employees resolve work conflicts, and their awareness of alternative conflict resolution, with whom employees most often come into conflict. The questionnaire was anonymous; therefore, the specific company names are not given. The numbers of 190 selected companies were contacted, and 93 of them were replied to the questionnaire, which forms a survey sample. Findings & Value added: The conclusion contains recommendations for individual respondent’s businesses to successfully resolve and prevent conflicts in the workplace, and thus strive to build a peaceful working atmosphere without extra costs incurred ineffective conflict resolution. Furthermore, there is an evaluation of the economic aspect and demonstration of the benefits of acquiring and using the skills of alternative conflict resolution in the form of elimination of losses.

Information Systems Outsourcing Announcements: Investigating the Impact on the Market Value of Contract-Granting Firms

2000 ◽  
Vol 14 (2) ◽  
pp. 109-125 ◽  
Author(s):  
David C. Hayes ◽  
James E. Hunton ◽  
Jacqueline L. Reck
Keyword(s):  
Information Systems ◽  
Capital Market ◽  
Value Added ◽  
Market Value ◽  
Service Firms ◽  
Strategic Decisions ◽  
Market Theory ◽  
The Impact ◽  
Is Outsourcing ◽  
The Capital Market

The objective of this research project is to examine the impact of information systems (IS) outsourcing announcements on the market value of contract-granting firms. This study is important to researchers, professionals, and policy makers as it provides empirical evidence from the capital market that outsourcing is considered to be a value-added business exchange for contract-granting firms. Research findings indicate positive and significant market value gains for smaller vs. larger firms and service vs. nonservice industry firms. The significant effects observed in this study are explained by the existence of information asymmetry in the capital market for smaller firms and service firms, and by the relatively higher investment made by service firms in information technology. This study contributes to accounting research by examining the importance of providing financial report users with nonfinancial forward-looking information concerning management's strategic decisions, such as the decision to outsource IS functions. Additionally, the current study complements and extends extant IS outsourcing research, as it integrates efficient market and capital market theory into ongoing investigations aimed at identifying the underlying determinants of IS outsourcing decisions.

An Empirical Study of the Impact of Intellectual Capital on Business Performance

2011 ◽  
Vol 10 (01) ◽  
pp. 11-21 ◽  
Author(s):  
Samuel Kai Wah Chu ◽  
Kin Hang Chan ◽  
Ka Yin Yu ◽  
Hing Tai Ng ◽  
Wai Kwan Wong
Keyword(s):  
Hong Kong ◽  
Empirical Study ◽  
Intellectual Capital ◽  
Business Performance ◽  
Value Added ◽  
Business Success ◽  
Financial Indicators ◽  
Structural Capital ◽  
Capital Efficiency ◽  
The Impact

This empirical study examines the intellectual capital (IC) performance of Hong Kong companies and its association with business performance. Data were collected from constituent companies of the Hang Seng Index listed on the Hong Kong Stock Exchange (2005–2008). An IC measurement, Value Added Intellectual Coefficient (VAICTM), was utilised to evaluate the IC investment of the companies. Four accounting ratios: market-to-book value (MB), return on assets (ROA), asset turnover (ATO) and return on equity (ROE) were used as the indicators of business performance. Regression analyses were conducted to test the ability of IC and its components in order to explain the variance in business performance measures. No conclusive evidence was found to support the associations between VAICTM as an aggregate measure and the four financial indicators. However, components of VAICTM were found to predict a substantial variance in business performance. Capital Employed Efficiency (CEE) was found to be a key factor in predicting business financial performance. Structural Capital Efficiency (SCE) was found to have a significant effect on businesses' market valuation, as measured by MB, and on profitability, as measured by ROE. Negative correlations were found between Human Capital Efficiency (HCE) and the financial indicators. The findings indicate a gap between the traditional accounting perspective and the value creation perspective, which is central to the VAICTM methodology in measuring IC. It is believed that the findings of this research provide insights for business stakeholders of Hong Kong companies in utilising IC, particularly the noted impact of structural capital. While our findings indicate the importance of IC for corporations, as shown by the significant effect of SCE on ROE, physical and financial assets may still be considered as the key resources in delivering business success.

scholarly journals Salient accounting value drivers and equity re-turns : Evidence from US industries

2017 ◽  
Vol 5 (2) ◽  
pp. 183
Author(s):  
Omar Camara
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Equity Returns ◽  
Financial Policies ◽  
Value Drivers ◽  
Equity Prices ◽  
Market Participants ◽  
Sample Data ◽  
Portfolio Managers ◽  
The Impact

Past literatures suggest the presence of ubiquitous disquiet among corporate financial managers, financial analysts and portfolio managers that changes in certain accounting variable's results in changes in stock prices, irrespective of whether future cash flow's subsume these changes in salient accounting variables. Using an empirical rational inquiry, this paper attempts to test whether there is any relationship between salient accounting variables and equity returns for five major US industries (Manufacturing, Services, Wholesale, Constructions and Retail) from the period 1996 to 2015, and as a result, may contribute to accretion or loss in stockholders’ wealth. To account for divergent industry-specific revenue generating process and the existing fluidity in industry-specific application of accounting standards, this study thus disaggregates sample data by industry. The industry approach implies that the effect of salient accounting variables on equity prices may be described as a conflation of industry-specific characteristics and capital market synergies. Consistent with this notion, this study finds that salient accounting variables which are used to measure operating performance, growth opportunities, investment management and profitability have the significant impact on equity returns. However, and most importantly, the study finds that the impact of the salient accounting variables varies from one industry to another. As such, this study is particularly useful for equity market participants in the identification of industry related, market-relevant accounting variables, which may be used to guide future financial policies.

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