scholarly journals BUSINESS GROWTH MANAGEMENT IN REPUBLIC OF SRPSKA

2021 ◽  
Vol 19 (34) ◽  
Author(s):  
Saša Vučenović ◽  
Branka Zolak Poljašević ◽  
Igor Mišić
Keyword(s):  
Growth Process ◽  
Growth Management ◽  
Arithmetic Mean ◽  
Sustainable Growth ◽  
Asymmetric Distribution ◽  
Small Enterprises ◽  
Business Growth ◽  
Business Policy ◽  
Sustainable Growth Rate ◽  
A Company

The research methodology starts from the calcu- lation of the coefficient for each individual com- pany in order to obtain the indicators by calculat- ing the arithmetic mean, median and quartile. As econometric stochastic models have little value for predicting or explaining the growth process at the level of individual companies, the central subject of interest is understanding the growth process at the level of an individual company. The sustainable growth rate of a company depends on the activity of the company. Numerous factors can affect the growth of a company, but the influence of individu- al factors on the growth of a company is rarely sig- nificant and permanent. The results of the research indicate a very asymmetric distribution of the size of enterprises, with a small number of large enter- prises and a large number of small enterprises. The model of sustainable growth is an effective tool for financial planning and directing business policy to- wards stimulating growth in certain industries.

scholarly journals ANALYSIS OF THE DEVELOPMENT OF OIL AND GAS COMPANIES IN RUSSIA BASED ON SUSTAINABLE GROWTH RATE MODEL (SGR)

2019 ◽  
Vol 2 (5) ◽  
pp. 222-231
Author(s):  
Maksim Skobeev ◽  
Ekaterina Zemnukhova
Keyword(s):  
Oil And Gas ◽  
Sustainable Growth ◽  
Rate Model ◽  
Strategic Decisions ◽  
Sustainable Growth Rate ◽  
The Russian Federation ◽  
Real Growth ◽  
Set Up ◽  
Oil And Gas Companies ◽  
A Company

The article analyzes the theoretical and methodological basis for assessing the economic growth of a company, identifies the entities and principles that influence it. Based on the study of modern strategic concepts of growth, a computational model was set up - the sustainable growth model SGR. The calculated values are compared with the real growth of the companies of the oil and gas complex of the Russian Federation in a retrospective analysis for 2012–2017. Conclusions about the applicability of the concept when making strategic decisions in the current market conditions. The significance of this model was checked and a vector was set for further study.

scholarly journals The relationship between the accounting sustainable growth rate and the cash flow sustainable growth rate

1999 ◽  
Vol 30 (4) ◽  
pp. 101-109 ◽  
Author(s):  
J. H. Burger ◽  
W. D. Hamman
Keyword(s):  
Growth Rate ◽  
Cash Flow ◽  
Balance Sheet ◽  
Sustainable Growth ◽  
Working Capital ◽  
Best Interest ◽  
Investment Opportunities ◽  
Sustainable Growth Rate ◽  
The Relationship ◽  
A Company

The accounting sustainable growth rate is used by financial managers and bankers to determine possible financing needs and investment opportunities for companies. However, the authors contend that as this rate is based upon accrual figures that do not reflect the cash position of a company, it could lead to situations in which the company could grow itself into cash problems. In this regard they suggest a cash flow sustainable growth rate (CFSGR), which is defined as the rate at which the company can grow whilst still maintaining a target cash balance in the balance sheet. The relationship between the accounting SGR and CFSGR is then investigated. The authors found that while the accounting SGR is not affected by the non-cash components of working capital, nor by any changes in the non-cash components of working capital, the CFSGR is. Both rates are influenced by the profitability of the company. The accounting SGR is influenced by the growth in sales, while CFSGR is not. The authors do not contend that the CFSGR should replace the accounting SGR, but that it is in the company's best interest to take cognizance of the CFSGR and its implications for the company's growth and cash position.

scholarly journals DETERMINANTS OF TRANSPORT COMPANY VALUE AND THE SELECTION OF VALUATION METHODS

2019 ◽  
Vol 7 ◽  
Author(s):  
Eva Adámiková ◽  
Tatiana Čorejová ◽  
Lenka Môcová
Keyword(s):  
Sustainable Growth ◽  
Basic Principles ◽  
Valuation Methods ◽  
Legal Standards ◽  
Company Value ◽  
Sustainable Growth Rate ◽  
Methodological Procedures ◽  
The Impact ◽  
A Company ◽  
Selection Of

The development of a company significantly influences its final value. The value of a transport company can be determined for various legal acts, which also influence the selection of valuation methods. The view of the transport company may differ, depending on whether it is seen by investors or the company owners. Methods of evaluating a transport company, but also of all companies in expert practice, usually follow methodological procedures outlined in the legal standards. These methods are based on basic principles, namely the asset principle, the yield principle, the combined principle, and the market principle. These principles also include other methods of determining the company's value. Each method has its own specifics, a modification of only one model parameter changes the entire company value. The aim of this paper is to analyze the input data and their impact on the value of the transport company from the perspective of various methods. The paper shows the impact of the change in the rate of capitalization and g - the sustainable growth rate and the significant impact of the continuing value on the general value of the company.

The effect of intangible assets on sustainable growth and firm value – Evidence on intellectual capital investment in companies listed on Bucharest Stock Exchange

Kybernetes ◽  
2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Catalin Ionita ◽  
Elena Dinu
Keyword(s):  
Growth Rate ◽  
Intellectual Capital ◽  
Firm Value ◽  
Intangible Assets ◽  
Stock Exchange ◽  
Listed Companies ◽  
Sustainable Growth ◽  
Content Type ◽  
Sustainable Growth Rate ◽  
The Impact

PurposeThe present study investigates the connection between company investments in intellectual capital (IC) and how they translate into financial value. The aim is to test the impact of intangible assets on the firm value and its sustainable growth.Design/methodology/approachThe research employs computation models to determine the sustainable growth rate (SGR) and the firm value (FV), and by using the ordinary least squares (OLS) model through a linear regression assesses the relationship between the dependent variables and expenditures on intangibles like R&D, IT programs and patents. A sample of 42 companies has been selected out of the 78 listed at Bucharest Stock Exchange (BSE), based on the appropriateness of the information disclosed in the financial reports for the period 2016–2019.FindingsThe results show that intangibles classified as innovative competences (R&D and Patents) do not have a positive impact on SGR and FV in listed companies from Romania. Moreover, R&D has a negative and significant effect on FV, while IT Programs have a positive and significant impact on FV, but not on the SGR. Variables categorised as economic competencies (Brands, Shares held in associates and jointly controlled entities) and firm structure-specific variables (Leverage, Firm Performance) seem to have a significant effect on SGR and FV. Shares held in associates and jointly controlled entities is the variable that can have the biggest impact when it comes to FV for companies listed at BSE.Research limitations/implicationsDue to non-disclosure of specific information by some companies, or lack of investments in intangibles the sample had to be reduced and does not cover all listed companies.Practical implicationsCompanies listed on the Regulated Market from the Bucharest Stock Exchange should maintain their scale of liabilities at a reasonable level when financing intangible assets in order to ensure corporate long-term and sustainable development. Also, these companies should maintain awareness about the importance of intangible assets and invest more in specific sub-components, in order to sustain competitive advantage. Recognizing the roles of intangibles, managers need to develop strategies to invest in profitable intangibles by reasonably allocating their limited resources, in order to achieve sustainable growth and increase company success.Originality/valueStudies concerning the relation between investments in intangibles and sustainable growth rate and firm value of listed Romanian companies are very scarce. This paper reveals new research, never before undertaken, concerning expenditures on intangibles by Romanian companies and the valuation of such investments on Bucharest Stock Exchange.

scholarly journals An analysis of strategic performance measures of companies listed on the JSE securities exchange South Africa

2014 ◽  
Vol 9 (1) ◽  
pp. 57-71
Author(s):  
JHvH De Wet ◽  
JH Hall
Keyword(s):  
South African ◽  
Statistical Tests ◽  
Shareholder Value ◽  
Sustainable Growth ◽  
Cash Management ◽  
Sales Growth ◽  
Long Term Effects ◽  
Financial Strategy ◽  
Strategic Performance ◽  
Sustainable Growth Rate

This study highlights the importance of economic profits (EVA) and their long-term effects on shareholder value (MVA). South African companies listed on the JSE were analysed and it is evident that the relative measure of internal performance (spreads) can be used to rank companies in terms of value creation. Individual companies and sectors were also placed on a financial strategy matrix, which evaluated companies according to spreads and cash management. The sales growth less the SGR percentage, was used to indicate cash management. Statistical tests (regression analysis) were done on the data to test the validity of the financial strategy matrix model. The results showed that there is a positive relationship between spreads and shareholder value, but sales growth less the sustainable growth rate does not contribute significantly to shareholder value. 

Sustainable Growth Strategies for 999 in the Era of the ASEAN Economic Community: Medical Equipment and Supplies Trading in Thailand during Changing Environmental Conditions

2016 ◽  
Vol 5 (2) ◽  
pp. 136-144
Author(s):  
Wilaiporn Lao-Hakosol ◽  
John Walsh
Keyword(s):  
Environmental Conditions ◽  
Medical Equipment ◽  
Sustainable Growth ◽  
Growth Strategies ◽  
Economic Community ◽  
Current Position ◽  
Equipment And Supplies ◽  
Steady Growth ◽  
Asean Economic Community ◽  
A Company

999 is a Thai company that sells, distributes and supports medical equipment and supplies. It has achieved steady growth in its 30 years of existence but now faces unprecedented problems due to environmental change through the implementation of the most recent stage of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) and other challenges. As an emerging, ageing, affluenza-suffering country, Thailand offers a number of interesting opportunities for a company in this sector but those opportunities also appeal to current and potential competitors. Should 999 be thinking of defending its current position or seeking to expand to new markets within the region?

scholarly journals Small Business Policy Index Traction And Movement In Rankings Of States Update: 2000 To 2016

2016 ◽  
Vol 15 (5) ◽  
pp. 259-264
Author(s):  
P. K. Shukla ◽  
Monica P. Shukla
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Rank Correlation ◽  
State Level ◽  
The United States ◽  
Term Limits ◽  
Business Growth ◽  
Business Policy ◽  
Main Driver ◽  
Entrepreneurial Activities

Given the volatile economic climate faced in the United States and globally since 2015, there is a desire by politicians in 2016 to increase state economic and business growth.  As small businesses are the main driver of business growth in state economies, focus is placed upon the policy environment of a state to encourage state level growth in entrepreneurial activities aimed at small business creation and survival.The Small Business and Entrepreneurship Council an advocacy and research organization dedicated to protecting small business and promoting entrepreneurship has annually prepared a “Small Business Policy Index” that ranks states according to some of the major government-imposed or government-related costs affecting investment, entrepreneurship and business.  This study presents updated results to 2016 from an original 2013 analysis of the rankings of states on the Small Business Policy Index (SBPI) from 2000 to 2016 that focuses upon three categories of states: overall ranking gainer states, those states that are stable in ranking, and overall ranking decliner states, the percentage in each category, and conclusions.  The paper also includes a rank correlation analysis of periods of time to measure the extent of traction and mobility in the SBPI state rankings. As states vary by governor length of years in their governor term and also by term limits or not on governor terms allowed there is an analysis of impact of governor years of term on changes in SBPI ranking and an analysis of impact of governor term limits on changes in SBPI ranking.

scholarly journals Conservative Working Capital Policy: Can it Increase Profitability and Sustainable Growth Rate?

2021 ◽  
Vol 12 (3) ◽  
pp. 5630-5637
Author(s):  
Sunardi Sunardi Et. al.
Keyword(s):  
Growth Rate ◽  
Manufacturing Sector ◽  
Sustainable Growth ◽  
Working Capital ◽  
Financing Policy ◽  
Panel Data Regression ◽  
Data Regression ◽  
Sustainable Growth Rate ◽  
Investment And Financing ◽  
Positive Effect

The objective of this study is to investigate the effect of conservative working capital policy on profitability and examine the effect of conservative working capital policy on sustainable growth mediated by profitability in the manufacturing sector in Indonesia. This study involves 133 manufacturing firms in Indonesia during the 2013-2018 period. Data are analyzed using panel data regression with random effects estimation models. The result of this study showed that conservative working capital policy, both investment and financing policy, has proven to have a positive effect on sustainable growth rate. Besides, this study also proved that profitability has a positive effect on SGR. Furthermore, there was the effect of conservative working capital policies on the level of sustainable growth through profitability. This study not only contributes to expanding knowledge about the relationship between working capital policies, profitability and sustainable growth rates, but also has relevant implications for firm managers to improve firm performance to be able to grow sustainably

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