THE SIGNIFICANCE OF PERSONNEL POLICY IN CREATING THE COMPETITIVE POSITION OF FOOD INDUSTRY ENTERPRISES IN POLAND

The research examines the significance of human resources in the process of creating a market position of a company. The research covered 16 food industry companies listed on the Warsaw Stock Exchange in 2017. Using the TOPSIS method twice, the competitive position of enterprises was determined. First of all, on the basis of secondary data and the state of art, an initial ranking was established, drafted according to four features determining the competitive position of enterprises. Secondly, proper ranking was determined according to identical features and additional factors determining the company’s personnel policy. As a result, the surveyed entities were mapped to four classes and compared. The obtained results indicate that the personnel policy has a significant impact on the competitive position of enterprises from the food industry. The article presents only pilot studies. An analysis of other sectors of the economy seems to be an interesting research problem.

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The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

INDONESIAN JOURNAL OF ACCOUNTING AND GOVERNANCE ◽

10.36766/ijag.v2i2.20 ◽

2019 ◽

Vol 2 (2) ◽

pp. 118-146

Author(s):

Triana Meinarsih ◽

Abdul Yusuf ◽

Muhammad Zilal Hamzah

Keyword(s):

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Annual Reports ◽

Manufacturing Companies ◽

Z Score ◽

Quality Of Accounting Information ◽

Independent Variable ◽

A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness. This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

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Effects of Sales, Receivables Turnover, and Cash Flow on Liquidity

10.20944/preprints201911.0175.v1 ◽

2019 ◽

Author(s):

Rusdiyanto Rusdiyanto ◽

Dian Agustia ◽

Soegeng Soetedjo ◽

Dina Fitrisia Septiarini ◽

Susetyorini Susetyorini ◽

...

Keyword(s):

Cash Flow ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Financial Statement ◽

Sales Growth ◽

Accounts Receivable ◽

Operating Cash Flow ◽

Google Search ◽

A Company

In this study, the author proposes to evaluate the effect of sales growth, Receivable Turnover and operating cash flow on the liquidity of PT. Unilever Indonesia Plc. The research method used is descriptive method with a quantitative approach. In this statement, the population used in this study is the financial statement data from PT. Unilever Indonesia Plc. from 2010 to 2018, the technique of determining the sampling uses Purposive Sampling. This research data uses secondary data from PT. Unilever Indonesia Plc financial statements from 2010 to 2018. All data sources were obtained from the website of the Indonesia Stock Exchange at https://www.idx.co.id, the company's website and Google search. Our analysis reveals that sales growth and accounts receivable turnover from PT. Unilever Indonesia Plc. has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has an influence on the Liquidity of PT Unilever Indonesia Plc. This means the ups and downs of the value of sales and accounts receivable turnover of a company has no influence on the liquidity of PT. Unilever Indonesia Plc, while operating cash flow has increased or decreased has an influence on the liquidity of PT Unilever Indonesia Plc. The value of sales growth, accounts receivable turnover and operating cash flow can explain the liquidity of PT Unilever Indonesia Plc. by 78%, while 22% is explained by other factors which are not included in this study.

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Is There Any Relation between Intellectual Capital and the Capital Structure of a Company? The Case of Polish Listed Companies

e-Finanse ◽

10.1515/fiqf-2016-0126 ◽

2015 ◽

Vol 11 (4) ◽

pp. 23-33

Author(s):

Monika Bolek ◽

Katerina Lyroudi

Keyword(s):

Capital Structure ◽

Intellectual Capital ◽

Intangible Assets ◽

Stock Exchange ◽

Equity Capital ◽

Warsaw Stock Exchange ◽

Relationship Of ◽

The Relationship ◽

A Company ◽

The Capital Structure

Abstract This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company and its leverage based on the Warsaw Stock Exchange main market and NewConnect alternative market. Moreover, the equity capital is found positively related to the level of intangibles in each of the two markets. These results support the thesis that intellectual capital (intangible assets) influences the capital structure of a company.

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Return on Asset dan Investment Opportunity Set dalam Memprediksi Dividend Payout Ratio Perusahaan Manufaktur Sektor Consumer Goods

Jurnal Manajemen Strategi dan Aplikasi Bisnis ◽

10.36407/jmsab.v4i1.264 ◽

2021 ◽

Vol 4 (1) ◽

pp. 13-22

Author(s):

Moch Fathony

Keyword(s):

Consumer Goods ◽

Stock Exchange ◽

Secondary Data ◽

Return On Assets ◽

Dividend Payout ◽

Investment Opportunity Set ◽

Investment Opportunities ◽

Dividend Distribution ◽

High Investment ◽

A Company

Among factors that may be instrumental in affecting the dividend payout decision, this study aims to determine the effect of return on assets (ROA) and investment opportunities on dividend distribution in a company. Using secondary data from 10 Consumer Goods companies listed on the Stock Exchange in the period 2015 - 2019, the data were analyzed using panel regression using EVIEWS. This study found that ROA and investment opportunities can predict the Dividend Payout Ratio in the Consumer Goods Industry. The results suggest that the more profitable a company is, the more likely it is to pay high dividends. Also, high investment opportunities are good position increases a firm's ability to pay dividends.

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Are the Key Persons in Companies also their Key Assets? Evidence from a Transition Economy

Engineering Economics ◽

10.5755/j01.ee.31.5.23242 ◽

2020 ◽

Vol 31 (5) ◽

pp. 536-546

Author(s):

Katarzyna Byrka-Kita ◽

Mateusz Czerwiński ◽

Renata Gola

Keyword(s):

Positive Reaction ◽

Succession Planning ◽

Transition Economy ◽

Stock Exchange ◽

Investment Strategies ◽

Upper Echelons Theory ◽

Warsaw Stock Exchange ◽

A Company ◽

Investor Reaction ◽

Practical Implications

This study examines how published information about the death of a key person in a company has affected its market valuation as listed on the Warsaw Stock Exchange during the period 2005–2017. We find that investors reacted negatively and statistically significantly to information about the death of a key person. Furthermore, we confirmed a positive reaction to the loss of a so-called “entrenched CEO”. The same pattern of investor reaction is observed in more mature markets. These findings seem to support the upper echelons theory and entrenchment hypothesis. The obtained results not only contribute to the development of the theory, but also have significant practical implications. Primarily, investors should take into account such events when they are implementing investment strategies. Further, these results suggest that Polish firms need to undertake more formal succession planning for their executives.

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Pengaruh, Hutang Jangka Pendek dan Penjualan Terhadap Pertumbuhan Laba Perusahaan

Jurnal Ilmiah Manajemen Kesatuan ◽

10.37641/jimkes.v5i2.73 ◽

2018 ◽

Vol 5 (2) ◽

pp. 091-097

Author(s):

Anisa Eka ◽

Bintang Sahala Marpaung

Keyword(s):

Regression Analysis ◽

Analytical Method ◽

Stock Exchange ◽

Secondary Data ◽

Short Term ◽

Important Indicator ◽

Earnings Growth ◽

A Company ◽

Profit Growth

Income is one important indicator to assess performance of a company. As the most liquid assets of the company, cash is important to measure the adequacy of the company's costs needed to repay debts and finance its activities. The purpose of this study was to determine the effect of cash on earnings, the influence of short-term debt on earnings growth, the influence of sales on profit growth, and how cash, short-term debt and the sales are affecting the profit growth in the company PT. Indocement Tunggal Prakasa. Tbk, PT. Mayora Indah. Tbk, and PT. Astra Otoparts. Tbk. The year of observation is of period 2005-2014, and types of data used are secondary data derived from the company's official website as well as the Indonesian Stock Exchange. The analytical method used in this study is regression analysis to find variables that have effects either partially or simultaneously. Based on the results of research conducted over a period of 10 years from 2005 to 2014, it can be concluded that the Treasury had no significant effect on earnings growth partially in PT Indocement single prakasa, PT Mayora Indah Tbk and PT Astra, short-term debt partially had not significant effect on profit growth PT Indocement PT Mayora and PT Astra. Sales had not partially significant effect on earnings growth at PT Indocemet Tunggal Tbk prakasa whereas in PT Mayora Indah Tbk and PT Astra Otoparts it had significantly affected on earnings growth.

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Classification of companies into stock exchange quotation markets using network metrics

Argumenta Oeconomica ◽

10.15611/aoe.2020.2.12 ◽

2020 ◽

Vol 2020 (2) ◽

pp. 275-292

Author(s):

Dariusz Siudak

Keyword(s):

Stock Market ◽

Market Efficiency ◽

Stock Exchange ◽

Interlocking Directorates ◽

Stock Market Efficiency ◽

Warsaw Stock Exchange ◽

Board Directors ◽

Network Metrics ◽

A Company

The classification of a company into the relevant quotation market is an essential part of stock market efficiency. The aim of the article is to predict the classification of enterprises into the two types of quotation markets on the Warsaw Stock Exchange (i.e. the main one and NewConnect) by means of network measures of the company’s participation in interlocking directorates’ networks. The research was carried out on a network of enterprises established on the basis of their relationships through shared board directors. This network included 460 companies listed on the main exchange, and 442 companies in the NewConnect markets of the Warsaw Stock Exchange respectively (a total of 902 entities) at the end of 2014. The aim of the study is to classify the companies into the appropriate quotation market on the Warsaw Stock Exchange, i.e. the main market (WSE) or NewConnect (NC)

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Determinants of audit fees: Evidence from Poland

Central European Economic Journal ◽

10.2478/ceej-2019-0020 ◽

2020 ◽

Vol 6 (53) ◽

pp. 323-336

Author(s):

Karol Rewczuk ◽

Piotr Modzelewski

Keyword(s):

Western Europe ◽

Central And Eastern Europe ◽

Stock Exchange ◽

Financial Statements ◽

Audit Fees ◽

The United States ◽

Accounting Firms ◽

Warsaw Stock Exchange ◽

A Company ◽

Big Four

AbstractUnlike many studies concerning audit fees in Western Europe or the United States, literature concerning this kind of research is very limited in Central and Eastern Europe. This study aimed to show what factors shape audit fees in Poland. It was conducted based on data collected from the financial statements of 111 companies listed on the Warsaw Stock Exchange in 2018. The study used a linear regression model to verify the determinants of audit fees. The research results indicate a positive relationship between audit fees and company size, measures of complexity (in addition to the ratio of inventories and receivables to total assets) and the fact that a company is audited by the ‘Big Four’ accounting firms.

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PENGARUH PERSISTENSI LABA DAN LEVERAGE TERHADAP EARNING RESPONSE COEFFICIENT

Equity ◽

10.34209/equ.v19i1.473 ◽

2019 ◽

Vol 19 (1) ◽

pp. 25

Author(s):

Jessica Jiley Gurusinga ◽

Dahlia Br Pinem

Keyword(s):

Food Industry ◽

Stock Exchange ◽

Hypothesis Test ◽

Secondary Data ◽

Sampling Technique ◽

Market Analysis ◽

Earnings Persistence ◽

Manufacturing Companies ◽

Significance Level ◽

Response Coefficient

This study is to conducted to examine the effect of variable earning persistence and leverage toward earning response coefficient. This study used 15 manufacturing companies belonging goodand food industry are listed in the Indonesia Stock Exchange in 2011-2013. The sampling technique used in this research was purposive sampling, based on criteria, there are 35 companies and tested with multiple regression analysis. The type of data used is secondary data obtained from www.idx.co.id and yahoo.finance.com and hypothesis test using t-statistic and f-statistic with significance level of 5%. These results indicate that the effect is not significant earnings persistence and leverage significant effect. The resulted of examinations can be used as basic information for investors before do the injections. Based on this study it can be delivered to the investor Indonesia Stock Exchange (BEI) to pay attention to other factors in response to the earnings announcement on the company's stock market analysis.

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Environmental issues as a non-financial reporting area using the example of selected companies listed on the Warsaw Stock Exchange

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu ◽

10.15611/pn.2020.9.04 ◽

2020 ◽

Vol 64 (9) ◽

pp. 45-56

Author(s):

Hanna Czaja-Cieszyńska

Keyword(s):

Financial Reporting ◽

Raw Materials ◽

Stock Exchange ◽

Secondary Data ◽

Environmental Issues ◽

Financial Indicators ◽

Financial Reports ◽

Warsaw Stock Exchange ◽

Financial Disclosures ◽

The Impact

The purpose of this article is to assess the comparability of non-financial disclosures on the impact of economic activity on the natural environment in reports of selected companies listed on the Warsaw Stock Exchange. The ten largest listed companies listed in the WIG-20 index were selected for the study. The analysis of the reports was based on the following disclosure categories: Materials and raw materials, Fuels and energy, Water, Biodiversity, Emissions to the atmosphere, Waste and Effluents, and Others. Within these categories, 14 key environmental non-financial indicators were defined. The empirical study carried out confirmed that the non-financial reports analyzed in all of the seven categories of disclosures were not fully comparable. The research methods used were: literature studies, analysis of legal regulations, analysis of secondary data, as well as methods of induction and synthesis.

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