scholarly journals Analysis of Factors Influencing Financial Leverage In Lithuanian Listed Companies

2016 ◽  
Vol 5 (2) ◽  
pp. 74-86
Author(s):  
Dalia Kaupelytė ◽  
Domas Mscichauskas
Keyword(s):  
Listed Companies ◽  
Financial Leverage ◽  
Factors Influencing

scholarly journals Factors Influencing Auditor Independence among Listed Companies in Nigeria: Generalized Method of Moments (GMM) Approach

2017 ◽  
Vol 9 (8) ◽  
pp. 191 ◽  
Author(s):  
Mary Kehinde Salawu
Keyword(s):  
Method Of Moments ◽  
Stock Exchange ◽  
Generalized Method Of Moments ◽  
Secondary Data ◽  
Audit Fees ◽  
Listed Companies ◽  
Positive Influence ◽  
Auditor Independence ◽  
Financial Reports ◽  
Factors Influencing

The study examines the factors influencing auditor independence among listed companies in Nigeria. A sample of 65 firms out of the 194 listed on the Nigerian Stock Exchange (NSE) were purposively selected for analysis, these comprise 14 money deposit banks (financial), 1 mortgage bank and 50 non-financial firms. Secondary data were employed for the study and were sourced from the audited financial reports of sampled companies and fact book of the Nigerian Stock Exchange between the periods of 2006 and 2013. Data were analysed using descriptive statistics and Generalised Method of Moments (GMM). Preliminary tests were carried out such as Sargan test, Arellano-Bond Serial Correlation Test among others. The study revealed that Big4, audit tenure, profitability, leverage and inventory with account receivable had negative significant impact, which can impair auditor independence, while size of the firms and loss had positive influence on auditor independence in Nigeria. Also, the square root of the number of subsidiaries was positively related to auditor independence, but not significant and the total number of subsidiaries had positive influence on auditor independence but not significant. These results implied that the two variables can increase the complexity of the audit and, consequently, a rise in audit fees expect in their presence. This will in turn reduce auditor independence. The study therefore recommended that joint audit be adopted and audited tenure be reviewed. The findings of the study would enable management, regulators, investors and other stock market participants to play their unique and important roles in enhancing auditor independence in Nigeria.

Determinants of ERP Implementations

2009 ◽  
pp. 180-197
Author(s):  
Javier de Andrés ◽  
Pedro Lorca ◽  
Jose Emilio Labra
Keyword(s):  
Rational Choice ◽  
Firm Size ◽  
Technological Development ◽  
Listed Companies ◽  
Control Group ◽  
Matched Control Group ◽  
Erp System ◽  
Factors Influencing ◽  
Rational Choices ◽  
Innovation Model

This chapter aims to determine the factors influencing the decision of implementing an ERP system in a country where technology awareness and the technological development are not as high as those of some others. Firstly, the authors assume that adopters make rational choices but the authors also introduce an alternative innovation model based on the imitation perspective. A questionnaire was sent to the Spanish listed companies and the ERP; adopting firms were compared with a matched control group. The main results indicate that the only factors stemming from the rational-choice perspective, whose influence is relevant, are firm size and the ROI ratio. Also, the authors found that the introduction of the euro and the Y2K issue had an influence in the ERP decision. The influence of the sectoral adscription was supported partially. These findings evidence a certain influence of the imitation effect. The results of this chapter could eventually be extrapolated to the countries whose national culture is similar to that of Spain.

scholarly journals Corporate Takeovers in Malaysia: The Determinants of Financing Decision

2016 ◽  
Vol 23 (02) ◽  
pp. 38-60
Author(s):  
Kien Cao Dinh ◽  
Thuy Nguyen Thu ◽  
Ha Ngo Thi Thu
Keyword(s):  
Relative Size ◽  
High Technology ◽  
Payment Method ◽  
Financial Leverage ◽  
Credit Constraint ◽  
Corporate Takeovers ◽  
Factors Influencing ◽  
Acquiring Firms ◽  
Potential Factors

In this article we examine the role of potential factors influencing the choice of payment method in takeover transactions of Malaysian acquirers. We document that the financial leverage, the size of acquiring firms, the relative size of the transactions to acquiring firms, and the high technology status of the targets are key determinants to explain the methods of payment in their transactions. Moreover, the acquirers are found to be able to use equity to finance their foreign M&A transactions during the credit constraint periods.

scholarly journals NILAI PERUSAHAAN: STUDI EMPIRIS FAKTOR-FAKTOR YANG MEMPENGARUHI

Media Bisnis ◽  
2021 ◽  
Vol 13 (1) ◽  
pp. 39-46
Author(s):  
ARWINA KARMUDIANDRI ◽  
MERRY ADITA CHANDRA
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Regression Method ◽  
Managerial Ownership ◽  
Investment Opportunity ◽  
Financial Leverage ◽  
Factors Influencing ◽  
Multiple Regression Method

The purpose of this research is to analyze factors influencing firm value. The independen variable are investment opportunity, dividen policy, managerial ownership, financial leverage, profitability, firm size, board of indepedent commissioner, audit comittee. Population of this research is non-financial companies which are listed in Indonesia Stock Exchange from 2015 to 2017. The sample of this research are selected by using purposive sampling method, and 198 datas are taken. Data were analyzed using multiple regression method. The result of this research shows that financial leverage, profitability and board of independent commissioner have influence to firm value, whereas investment opportunity, dividen policy managerial ownership, firm size and audit comittee do not have influence to firm value.

scholarly journals An empirical analysis of financial leverage and financial performance: Empirical evidence from Indian listed firms

2021 ◽  
Vol 18 (2) ◽  
pp. 322-334
Author(s):  
Nabil Ahmed Mareai Senan ◽  
Anwar Ahmad ◽  
Suhaib Anagreh ◽  
Mosab I. Tabash ◽  
Eissa A. Al-Homaidi
Keyword(s):  
Financial Performance ◽  
Listed Companies ◽  
Substantial Effect ◽  
Financial Success ◽  
Financial Leverage ◽  
Current Ratio ◽  
Return On Equity ◽  
Listed Firms ◽  
Return On Capital ◽  
Performance Determinants

The purpose of this paper is to examine the determinants of financial performance, firm liquidity and financial leverage of Indian listed firms. This study uses both static models (pooled, fixed, and random effects) and Generalized Moment Methods (GMM). Financial leverage (FINLE) is defined by the ratio of total liabilities to total assets, whereas the current ratio and the quick ratio are used as firm liquidity factors. Further, a set of financial performance determinants such as return on assets, profit after tax, return on capital employed, return on equity, and Tobin-Q are used as independent factors. The results indicated that profit after tax, return on equity, return on capital employed, and Tobin-Q are the most significant financial success variables that influence financial leverage of Indian listed companies. Furthermore, profit after tax, return on capital invested, return on equity, and Tobin-Q are considered to have a substantial effect on financial leverage among the financial success indicators. In the case of firm liquidity, the findings show that the current ratio and the quick ratio have a substantial effect on the financial leverage of Indian listed companies.

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