Evaluating the Influence of Corporate Governance on Firm Profitability: The Case of Quoted Food and Beverages Companies in Nigeria

2016 ◽  
Author(s):  
Kalu Nnanna Nwonyuku
Keyword(s):  
Corporate Governance ◽  
Food And Beverages ◽  
Firm Profitability

scholarly journals DOES CORPORATE GOVERNANCE PREDICT FIRM PROFITABILITY? AN EMPIRICAL STUDY IN OMAN

2020 ◽  
Vol 28 (1) ◽  
pp. 161-177
Author(s):  
Essia Ahmed ◽  
Tariq Alabdullah ◽  
Mohammed Thottoli ◽  
Eny Maryanti
Keyword(s):  
Corporate Governance ◽  
Audit Committee ◽  
Design Methodology ◽  
Annual Reports ◽  
Fiscal Year ◽  
Cross Sectional ◽  
Financial Firms ◽  
Firm Profitability ◽  
The Impact ◽  
Practical Implications

ABSTRACT Purpose — This research aims to test whether corporate governance (CG) predicts firm profitability in a sample of firms listed in the financial mark in Oman. Design/methodology/approach — This research analyses cross-sectional data across 50 non-financial firms. This study used annual reports for the fiscal year 2018 to analyze the impact of CG on firm profitability. This work tested its hypotheses and analyzing them via the Partial Least Squares (PLS). Findings — The result of this research indicates that a positive link between all the predictors is found: board size, ownership, gender, and audit committee, and firm profitability (financial performance). Practical Implications — Originality/value — This research is the first of its kind via examining the link between this set of predictors of (CG) and firm performance in the Omani context. The present study provides empirical evidence for the researchers, policymakers, and other stakeholders.

Profitability of Czech Food Enterprises in Relation to Their Size

2016 ◽  
Vol 19 (2) ◽  
pp. 59-66 ◽  
Author(s):  
Ivana Blažková
Keyword(s):  
Czech Republic ◽  
Firm Size ◽  
Company Size ◽  
The Czech Republic ◽  
Food And Beverages ◽  
Time Period ◽  
Firm Profitability ◽  
Size Groups ◽  
Almost All ◽  
Individual Size

Abstract The aim of the paper is to analyse profitability of enterprises in the food and beverages industry of the Czech Republic in time period of 2003-2013 and to evaluate the possible impact of the firm size on the firm profitability. First, the development of the average ROA of individual size groups of enterprises within ten food sub-sectors is analysed graphically. Second, the correlation between company size and the level of the ROA indicator is statistically validated by using parametric ANOVA. Based on the analysis it can be concluded that the level of profitability in the Czech food and beverages industry is relatively low, and moreover, there is a tendency to decrease during the observed period. The highest values of ROA are achieved by the largest companies (expressed by the number of employees) and on the contrary, the ROA values of the smallest companies are often negative and in the whole observed period there are significantly lower than ROA values of other size groups of enterprises, which is valid in almost all sub-sectors. The analysis has shown that the level of profitability is determined by the company size. Significant differences in the size of ROA in different size groups were also statistically verified with the use of ANOVA.

scholarly journals Voluntary social performance disclosure and firm profitability of South African listed firms: Examining the complementary role of board independence and managerial ownership

2021 ◽  
Vol 24 (1) ◽  
Author(s):  
Frank Sampong ◽  
Na Song ◽  
Gilbert K. Amoako ◽  
Kingsley O. Boahene
Keyword(s):  
Corporate Governance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Executive Directors ◽  
Listed Firms ◽  
Complementary Role ◽  
Firm Profitability ◽  
Corporate Social

Background: There is growing literature promoting corporate governance mechanisms as important elements that could mitigate the inconclusive findings within the corporate social performance and firm profitability research. A key theoretical assumption within the extant literature that provides support for this proposition is that corporate social performance and firm profitability are organisational outcomes in the presence of good corporate governance.Aim: Firstly, the aim is to re-investigate voluntary social performance disclosure (SPD) and long-term profitability association from the perspective of international standards, using the Global Reporting Initiative G3.1 guidelines. Secondly, to examine the joint moderating effect of board independence and managerial ownership (MO) on the voluntary SPD and profitability nexus.Setting: The South Africa institutional setting, where recent corporate governance regimes require firms to voluntarily make corporate governance related disclosures on both shareholder-and stakeholder-related information is used as the study context.Method: Utilising manually extracted data of listed firms, over the period 2010 to 2015, the generalised least square regression and seemingly unrelated regression (with a 1-year lag as the main independent variable) are used to examine the stated hypotheses.Results: We found a positive association between voluntary SPD and long-term profitability. We also found that the presence of non-executive directors positively moderates the association between voluntary SPD and long-term profitability. Thirdly, the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability. Lastly, the complementary role of the presence of non-executive directors and the proportion of MO significantly positively moderates the association between voluntary SPD and long-term profitability.Conclusion: This study finds support for scholarly theoretical arguments that organisational outcomes are largely possible in the presence of good corporate governance, which has a long-term implication for firms’ shareholder wealth maximisation. This study contributes to the ongoing research examining the notion of substitutive versus complementary effects of governance mechanisms, and a growing research literature on corporate social responsibility (CSR) disclosure from the perspective of international standardisation. This study therefore makes far-reaching contributions to the corporate governance and social responsibility literature in an African context.

2. Pengaruh size dan profitabilitassterhadap good corporate governance perusahaan manufaktur di Bursa Efek Indonesia periode pada tahun 2017-2018 (Studi kasus pada perusahaan manufaktur Food and Beverages )

2017 ◽  
Vol 2 (2) ◽  
pp. 15
Author(s):  
Dra. Ec. Hartati Kanti Astuti, MM ◽  
Ahmad Gamal
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Profit Margin ◽  
Total Asset ◽  
Food And Beverages ◽  
Good Corporate Governance ◽  
Size Profile ◽  
Net Profit ◽  
Corporate Social

Tuntutan terhadap perusahaan untuk memberikan informasi yang transparan, organisasi yang akuntabel serta tata kelola perusahaan yang baik (good corporate governance) memaksa perusahaan untuk memberikan informasi mengenai aktivitas sosialnya. Pengungkapan tanggung jawab sosial perusahaan atau corporate social responsibility dipengaruhi oleh karakteristik perusahaan meliputi size, profile, ukuran dewan komisaris, profitabilitas dan leverage. Penelitian ini bertujuan untuk menguji secara empiris 5 faktor karakteristik perusahaan yang digunakan mempengaruhi pengungkapan tanggung jawab sosial perusahaan. Sampel adalah 59 perusahaan telekomunikasi yang terdaftar di Bursa Efek Indonesia periode Tahun 2007-2008, sesuai dengan kriteria. Penelitian ini merupakan penelitian hipotesis yaitu untuk menguji pengaruh variabel bebas (ukuran perusahaan dan profitabilitas) terhadap variabel terikat (pengungkapan tanggung jawab sosial perusahaan) secara empirik, dengan menggunakan uji Regresi Linier Berganda.       Hasil penelitian menunjukkan bahwa (1) Ukuran perusahaan dengan proksi prosentase jumlah total asset terbukti berpengaruh secara signifikan terhadap pengungkapan tanggung jawab sosial perusahaan, (2) Profitabilitas dengan proksi net profit margin tidak terbukti secara signifikan berpengaruh positif terhadap pengungkapan tanggung jawab sosial perusahaan.

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