scholarly journals The Impact of Industrial Sector on the Application of the Six Capitals Model in Integrated Reporting: A Case Study of Zimbabwe

2020 ◽  
pp. 1-7
Author(s):  
Dumisani Rumbidzai Muzira
Keyword(s):  
Content Analysis ◽  
Qualitative Study ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Industrial Sector ◽  
Integrated Reporting ◽  
Financial Reports ◽  
Industrial Sectors ◽  
The Impact

The introduction of the six capitals models in integrated reporting brought about more disclosure in corporate reports for the benefit of the stakeholders. As an extension of the study done on the application of these capitals by the companies listed on the Zimbabwean stock exchange, this study is an investigation into the impact of industrial sector on the application of the six capitals model in integrated reporting. The study is a qualitative study that uses content analysis. The study is intended to benefit the preparers of financial reports, investors, and other stakeholders. The results showed that, the 13 sectors represented by the 20 companies reported on financial and manufactured capital. Financial, manufactured, and human capitals were the most reported capitals respectively while the lowly reported capitals were social and relationship, natural, and intellectual capital. Further analysis of data revealed that industrial sector did not only have an influence on the application of the six capitals, but had an influence on the kind of capital the sector reported the most. Recommendations are then made for the six capitals to be promoted across all industrial sectors through seminars.

scholarly journals Evaluating the Impact of Conservatism in Industrial Fatigue Analysis of Life-Limited Components

2018 ◽  
Vol 165 ◽  
pp. 10017 ◽  
Author(s):  
Joshua Hoole ◽  
Pia Sartor ◽  
Julian Booker ◽  
Jonathan Cooper ◽  
Xenofon V. Gogouvitis ◽  
...  
Keyword(s):  
Industrial Sector ◽  
Fatigue Analysis ◽  
Design Standards ◽  
Safe Life ◽  
Industrial Sectors ◽  
Fatigue Design ◽  
4340 Steel ◽  
The Impact

This paper presents a review of the conservatism approaches applied by different industrial sectors to the stress-life (S-N) analysis of ‘life-limited’ or ‘safe-life’ components. A comparison of the fatigue design standards for 6 industrial sectors identified that the conservatism approaches are highly inconsistent when comparing the areas of variability and uncertainty accounted for along with the conservatism magnitude and method of application. Through the use of a case-study based on the SAE keyhole benchmark and 4340 steel S-N data, the industrial sector which introduces the greatest reduction of a component life-limit was identified as the nuclear sector. The results of the case-study also highlighted that conservatism applied to account for scatter in S-N data currently provides the greatest contribution to the reduction of component life-limits.

scholarly journals The impact of managerial ownership, institutional ownership, proportion of independent commissioner, and intellectual capital on financial distress

2019 ◽  
Vol 21 (3) ◽  
pp. 351
Author(s):  
I Kadek Widhiadnyana ◽  
Ni Made Dwi Ratnadi
Keyword(s):  
Intellectual Capital ◽  
Financial Distress ◽  
Stock Exchange ◽  
Multinomial Logistic Regression ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Financial Reports ◽  
Negative Effect ◽  
The Impact

Financial distress is a phase of the decline in the financial condition experienced by a company before the bankruptcy or liquidation occurs. One of the causes of financial distress is the company’s operating losses, caused its operating cash flow to be negative. During 2014-2016, there was 24 percent of manufacturing companies listed in Indonesia Stock Exchange (BEI) that has a negative pretax profit. The purpose of this study was to obtain empirical evidence of the effect of managerial ownership, institutional ownership, the proportion of independent commissioner board, and intellectual capital on financial distress. The population of this research is all of manufacturing companies listed on Indonesian Stock Exchange (IDX) on 2014-2016. The sample was taken using a non-probability sampling with a saturated sample technique. The numbers of samples analyzed were 423 financial reports of manufacturing companies published on IDX during 2014-2016. The analysis technique used in this research is multinomial logistic regression. It was found that managerial ownership has a negative effect on financial distress, institutional ownership has a negative effect on financial distress, proportion of independent commissioner has a positive effect on financial distress, and intellectual capital has a negative effect on financial distress.

scholarly journals THE EFFECTS OF INTELLECTUAL CAPITAL ON FIRM PERFORMANCE OF INDUSTRIAL SECTOR IN JORDAN

2020 ◽  
Vol 8 (2) ◽  
pp. 184-192 ◽  
Author(s):  
Kamelia Moh’d Khier Al Momani ◽  
Nurasyikin Jamaludin ◽  
Wan Zalani @ Wan Zanani Wan Abdullah ◽  
Abdul-Naser Ibrahim Nour
Keyword(s):  
Firm Performance ◽  
Intellectual Capital ◽  
Stock Exchange ◽  
Value Added ◽  
Industrial Sector ◽  
New Employees ◽  
Industrial Companies ◽  
New Findings ◽  
Amman Stock Exchange ◽  
The Impact

Purpose of the study: This paper aims to examine whether intellectual capital (IC), measured through the value-added intellectual coefficient (VAICTM) affects the firm performance of the industrial sector in the Amman Stock Exchange (ASE). Methodology: The sample comprised 50 industrial companies listed in ASE over the period 2008-2017. The methodology included estimating the impact of IC, measured through VAICTM and its components on the market to book ratio (M/B) and earning per share (EPS). Research hypotheses were tested through the display of descriptive statistics, multicollinearity, normality tests, correlation matrix, and multiple regression models. Main Findings: The results indicate a positive relationship between VAICTM with the M/B ratio and EPS. As for the M/B ratio, the result is a positive significant relationship for the CEE but not for the SCE, and HCE. However, the results are counterproductive for EPS and found HCE, and SCE has a significant impact on the EPS but CEE not significant. Applications: The results suggest that industrial companies in Jordan must hold practical and knowledge experiences because it is vital for their competitive advantage, and must reduce unemployment rates by employing new employees with expertise and skills. The present study integrates previous methodologies in order to investigate the relationships between IC and firm performance of industrial companies listed on the ASE. Novelty/Originality of this study: This study extends previous studies on intellectual capital and firm performance in Jordan by incorporating more samples and the latest period of study. In addition, it also shed some new findings on the effect of intellectual capital on the M/B ratio and EPS.

Six-Sigma Challenges in Services With Human-Based Data: An Investigative Case Study for Clients’ Satisfaction in Gas Company

2019 ◽  
Author(s):  
Mohammad Pourgol-Mohamad
Keyword(s):  
Customer Satisfaction ◽  
Six Sigma ◽  
Business Processes ◽  
Industrial Sector ◽  
Human Data ◽  
Industrial Sectors ◽  
Data Limitations ◽  
Six Sigma Methodology ◽  
The Impact

Abstract Improvement of business processes, increasing customer satisfaction, and reducing organizational costs are important issues that institutions deal with. In this context, six sigma methodology has been considered as a systematic approach to achieve these goals by many organizations. In recent years, non-industrial sectors, where human data are involved, have also applied this technique to improve their processes quality. For application of six sigma procedure for non-industrial issues, there are several challenges that are not encountered in the conventional implementation of Six Sigma procedure. Most of these challenges are experienced on gathering the human (operators, experts) expressed data required for the six sigma projects on the phase of measurement and analysis. The challenges identification and analysis give the ability to address them and provide practical solutions. In this study, in addition to different stages of the Six Sigma methodology, its implementation has been investigated in the non-industrial sector in the DMAIC phases. The challenges dealt with in this research include the impact of external factors on human data, limitations in the design of experiments for human data, qualitative data and discrete data as well as one-sided data. Also, considering a case study on the implementation of six sigma methodology to enhance customer satisfaction in an East Azerbaijan Gas company, strategies are presented for overcoming these obstacles.

scholarly journals The impact of information systems disclosures as a part of structural capital on banks’ profitably: a case study of Islamic banks in Jordan

2019 ◽  
Vol 7 (1) ◽  
pp. 6
Author(s):  
Sulaiman Weshah ◽  
Abdelrazaq Altal ◽  
Ziad Obeidat
Keyword(s):  
Information Systems ◽  
Intellectual Capital ◽  
Published Data ◽  
Islamic Banks ◽  
Financial Reports ◽  
Accounting Information Systems ◽  
Structural Capital ◽  
The Impact ◽  
Speed And Accuracy

Aim: This study aimed to show the impact of intellectual capital disclosures related to information systems (IS) on profitability of Islamic banks in Jordan for the years (2013-2017).Background: Accounting information systems spreading widely because of the speed and accuracy of these technologies in the completion of work. Thus, the study illustrates the impact of intellectual capital disclosures related to information systems (IS) on profitability.Methodology: To achieve study goals an analytic descriptive process was used depended on published data within annual financial reports to study society with sample size reached all Islamic banks in Jordan with (one sample T-Test) and (simple linear regression).Contribution: The study will be useful to under light the importance of intellectual capital disclosures in general and intellectual capital disclosures related to information systems (IS) and it is impact on profitability.Findings: The study is revealed that the most important outcome showed there is an impact of intellectual capital disclosure related to information systems (IS) as structural intellectual capital on profitability of Islamic banks in Jordan.Recommendations to Practitioners: The study recommended continuing and increase declaration about intellectual capital related to information systems.Recommendations to Researchers: The study recommended with necessity of doing extra studies about the same topic in different field(s).Impact to Society: Society will be recognized the importance of intellectual capital disclosures related to information systems (IS) and it is impact on profitability.  

scholarly journals Professionalism, Payment by Results and the Probation Service: A Qualitative Study of the Impact of Marketisation on Professional Autonomy

2021 ◽  
pp. 095001702110038
Author(s):  
Matt Tidmarsh
Keyword(s):  
Public Sector ◽  
Qualitative Study ◽  
Professional Autonomy ◽  
Ethnographic Study ◽  
Community Rehabilitation ◽  
Probation Office ◽  
Probation Service ◽  
The Impact ◽  
Privately Owned

This article utilises Foucauldian understandings of the sociology of the professions to explore how marketising reforms to probation services in England and Wales, and the implementation of a ‘Payment by Results’ (PbR) mechanism in particular, have impacted professional autonomy. Drawing on an ethnographic study of a probation office within a privately owned Community Rehabilitation Company, it argues that an inability to control the socio-economic organisation of probation work has rendered the service susceptible to challenges to autonomy over technique. PbR was proffered as a means to restore practitioner discretion; however, the article demonstrates that probation staff have been compelled to economise their autonomy, adapting their conduct to conform to market-related forms of accountability. In this sense, it presents the Transforming Rehabilitation reforms to probation as a case study of the impact of marketisation on the autonomy of practitioners working within a public sector profession.

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.

Intellectual capital: a determinant of firms' operational efficiency

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kanishka Gupta ◽  
T.V. Raman
Keyword(s):  
Intellectual Capital ◽  
Stochastic Frontier Analysis ◽  
Stock Exchange ◽  
Stochastic Frontier ◽  
Value Added ◽  
Financial Sector ◽  
Operational Efficiency ◽  
Content Type ◽  
Frontier Analysis ◽  
The Impact

PurposeIntellectual capital (IC) has been recognized in improving the efficiency of businesses and gaining competitive edge in the developed world. The present study offers perspectives into the effect of IC on the efficiency of the Indian financial sector companies.Design/methodology/approachFor the purpose of evaluating efficiency, the research has used stochastic frontier analysis (SFA). All Indian financial sector companies listed in National Stock Exchange (NSE-500) for the timeframe of ten years (2008–2018) have been considered. The paper has employed modified Pulic's Value Added Intellectual Coefficient (VAICTM) as a proxy to measure IC. Correlation and panel data regression have been used in order to examine the relationship.FindingsThe results of the study indicate positive and significant relationship between IC and efficiency of the firm. The results also show that all the components of IC, that is, human capital, relational capital, process capital and capital employed have a significant impact on firms' efficiency. Additionally, it has been seen that sample companies do not invest in research and development leading to no innovation capital.Practical implicationsThe research will assist managers in managing and controlling the IC, investors in matters related to investment and financial experts in improving the company's IC and value creation.Originality/valueThe current research is one of the pioneering studies in the context of Indian financial sector that examines the impact of modified VAIC on operational efficiency calculated using SFA.

scholarly journals Issues on Takaful Affecting the Choice of Accounting Policies: A Case Study of Two Takaful Companies in Malaysia

2010 ◽  
Vol 3 (3) ◽  
pp. 187 ◽  
Author(s):  
Hairul Azlan Annuar ◽  
Nur Barizah Abu Bakar
Keyword(s):  
Central Bank ◽  
Advisory Council ◽  
Annual Reports ◽  
Case Study Method ◽  
Financial Reports ◽  
Descriptive Case Study ◽  
Senior Official ◽  
Similarities And Differences ◽  
The Impact

The paper adopts a descriptive case study method to examine the impact of juristic views on the operations of two Malaysian takaful companies. In order to achieve this objective, the annual financial reports of both companies were analysed. Interviews with each company’s finance managers and with a member of the Malaysian Shariah Advisory Council were undertaken for a more in-depth coverage. Also a written correspondence with a senior official of the central bank was accomplished. Similarities and differences between the two companies were identified and it is concluded that the differences are serious enough to warrant interventions from the regulators in the form of mandatory disclosures in the annual reports. 

scholarly journals The Lagged Effect of Advertising Expenditures on the Financial Measures of Brand Equity in the Egyptian Context

2021 ◽  
Vol 04 (09) ◽  
Author(s):  
Nermin M. Gohar
Keyword(s):  
Brand Equity ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Reports ◽  
Financial Measures ◽  
The Impact ◽  
Corporate Brands ◽  
The Relationship ◽  
Egyptian Stock Exchange

This research intends to fill the gap in the literature by studying the impact of lagged real advertising expenditures on different perspectives of brand equity in the Egyptian context, which are: Firm-based and Market-based brand equity. The research follows the quantitative research-based approach, with the descriptive explanatory method. Secondary data was collected from firms’ financial reports of sixteen sectors for the period 2013 - 2020 to consider the effect of real advertising expenditures on firm-based and market-based brand equity models. Data was collected from 168 listed companies in the Egyptian stock exchange market, after deleting the financial institutions. The unit of analysis was the corporate brands and data collected was panel data analyzed using Eviews program – version 10, using GLS regression. Results showed that market risk significantly moderates the relationship between advertising expenditures and Firm-based and Market-based brand equity.

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