scholarly journals Current Asset Management as the driver of financial efficiency in Textile Industry of Pakistan

2021 ◽  
Vol 09 (01) ◽  
pp. 68-84
Author(s):  
Muhammad Usman Arshad ◽  
◽  
Zahid Bashir ◽  
Muhammad Asif ◽  
Syed Muhammad Shuja ◽  
...  
Keyword(s):  
Asset Management ◽  
Textile Industry ◽  
Management Practices ◽  
Random Effect ◽  
Unit Root Test ◽  
Financial Efficiency ◽  
Panel Data Estimation ◽  
Lm Test ◽  
Current Asset ◽  
Textile Sector

The study aimed to explore the significance of the relationship between current asset management, and financial efficiency in the textile sector of Pakistan. Financial data were collected for 50 textile companies for the year 2001 to 2017. The researchers analyzed the study using panel-data estimation techniques like the fixed as well as the random-effect after applying the Hausman-test, and LM-test. Fisher type panel unit root test was also applied. The empirical results of the study indicate that current asset ratio as the measure of current asset management is a highly negatively significant driver of financial efficiency in the textile sector of Pakistan. Also, the controlling factors like leverage, and tangibility are significant factors of financial efficiency. The policymakers, and management of the companies in the textile sector of Pakistan should carefully consider current asset ratio for deciding on enhancing the financial efficiency of their firm as current asset ratio decreases financial efficiency in this sector.They should take careful decision in their current asset management practices.

Physical asset management practices in the Saudi public sector

2017 ◽  
Vol 7 (1) ◽  
pp. 19-31
Author(s):  
Alhazmi Naief
Keyword(s):  
Public Sector ◽  
Asset Management ◽  
Management Practices ◽  
Structured Interview ◽  
Professional Standards ◽  
Policy Implications ◽  
Public Servants ◽  
Content Type ◽  
Current Asset ◽  
Physical Assets

Purpose The purpose of this paper is to understand the characteristics of the current asset management (AM) practices across the Saudi public sector (SPS). Design/methodology/approach The study uses a mixture of inductive and deductive logic, including, at the outset, developing a framework tool to assess the SPS using thematic analysis. The framework is based on seven well-known international AM standards and guidelines. Later, a structured interview with 196 items is used to capture characteristics of SPS AM practices. Univariate and interpretive analyses were performed. Findings AM practices across the SPS are characterised by the following: in the majority of ministries, practices are below expectations; performance indicators are unrealistic and incomprehensive; public servants lack awareness of AM practices; the majority of the public sector overlooks the existence of professional standards; policies are not consistent across the sector; and finally, there is an over-reliance on public servants’ experience. Research limitations/implications Policy implications – current AM practices across the SPS need to be established, in particular by introducing policies and professional standards. Originality/value Physical assets are vital resources for organisations and, in turn, countries. There are no extant studies about AM practices across the SPS, and thus the evident need for such studies to develop current SPS knowledge, particularly given the notable increase in the country’s physical assets since its emergence and the formal AM practice development worldwide.

Corporate Ownership Structure and Its Effect on Capital Structure: Evidence from BSE Listed Manufacturing Companies in India

2021 ◽  
pp. 227797522096830
Author(s):  
Palaniappan Gurusamy
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Fixed Effects ◽  
Random Effect ◽  
Corporate Ownership ◽  
Manufacturing Companies ◽  
Hausman Test ◽  
Lm Test ◽  
Corporate Ownership Structure ◽  
The Capital Structure

The study aims to examine the relationship between corporate ownership structure and capital structure of BSE listed manufacturing firms in India. The study has included the sample of 357 companies which covers 16 major sectors during the period of 2006–2015. Considering the dynamic panel nature of the data relating to the capital structure and the ownership structure variables. The analysis undertakes a novel approach of examining the determinants both single equation and reduced equation models. In order to determine the most appropriate model, based on the F test, the Breusch Pagan LM test and finally the Hausman Test is conducted. The Hausman test result has been estimated by the fixed effect model is better than the other two models such as pooled OLS and random effect estimation. Based on the fixed effects results, size, risk and profitability have a highly significant relationship with leverage. Meanwhile, the growth opportunities and tangibility represent insignificant values. The study found that the explanatory variables of the promoters’ ownership and the institutional ownership have a negative impact on leverage, while the corporate ownership has a positive influence on the capital structure decision. The individual or public ownership has a negative and significantly related to the capital structure, whereas the effect of the foreign ownership inversely related to the firm’s leverage.

scholarly journals Developing Pavement Marking Management Systems: A Theoretical Model Framework Based on the Experiences of the US Transportation Agencies

2021 ◽  
Vol 6 (2) ◽  
pp. 18
Author(s):  
Alireza Sassani ◽  
Omar Smadi ◽  
Neal Hawkins
Keyword(s):  
Asset Management ◽  
Management Practices ◽  
Relevant Literature ◽  
Building Blocks ◽  
Management Systems ◽  
Model Framework ◽  
Pavement Markings ◽  
The Us ◽  
Pavement Marking ◽  
Transportation Agencies

Pavement markings are essential elements of transportation infrastructure with critical impacts on safety and mobility. They provide road users with the necessary information to adjust driving behavior or make calculated decisions about commuting. The visibility of pavement markings for drivers can be the boundary between a safe trip and a disastrous accident. Consequently, transportation agencies at the local or national levels allocate sizeable budgets to upkeep the pavement markings under their jurisdiction. Infrastructure asset management systems (IAMS) are often biased toward high-capital-cost assets such as pavements and bridges, not providing structured asset management (AM) plans for low-cost assets such as pavement markings. However, recent advances in transportation asset management (TAM) have promoted an integrated approach involving the pavement marking management system (PMMS). A PMMS brings all data items and processes under a comprehensive AM plan and enables managing pavement markings more efficiently. Pavement marking operations depend on location, conditions, and AM policies, highly diversifying the pavement marking management practices among agencies and making it difficult to create a holistic image of the system. Most of the available resources for pavement marking management focus on practices instead of strategies. Therefore, there is a lack of comprehensive guidelines and model frameworks for developing PMMS. This study utilizes the existing body of knowledge to build a guideline for developing and implementing PMMS. First, by adapting the core AM concepts to pavement marking management, a model framework for PMMS is created, and the building blocks and elements of the framework are introduced. Then, the caveats and practical points in PMMS implementation are discussed based on the US transportation agencies’ experiences and the relevant literature. This guideline is aspired to facilitate PMMS development for the agencies and pave the way for future pavement marking management tools and databases.

Impact of accounting information system on corporate governance: evidence from Pakistani textile sector

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Samza Fatima ◽  
Muhammad Ishtiaq ◽  
Adnan Javed
Keyword(s):  
Corporate Governance ◽  
Textile Industry ◽  
Accounting Information ◽  
Business Environment ◽  
Point Of View ◽  
Primary Data ◽  
Specific System ◽  
Content Type ◽  
Accounting Information Systems ◽  
Textile Sector

Purpose Efficient corporate governance is always important to safeguard the interest of all the stakeholders in the business environment. Therefore, this study focuses on the investigation of the relationship between accounting information systems (AIS) and corporate governance in the textile sector of Pakistan. The textile sector is the backbone of the Pakistani economy and has an important contribution toward the gross domestic product and as well as exports of the country. Design/methodology/approach The data were collected from the finance managers with the sample size of 300 firms of All Pakistan textile mills association, self-delivery and collection method used. Both descriptive and inferential statistics used to analyze data through the Statistical Package for Social Sciences 23. Findings The findings of this study proved that AIS has a significant impact on corporate governance. It is important from the management point of view to record the daily transaction in a better way with the use of a specific system and every member uses the computerized system to accomplish their tasks in the organization. Originality/value The textile industry is the backbone of Pakistan’s economy. The study conducted in this paper by primary data and drawing original contributions in the existing literature. Moreover, the findings of this study are going to have considerable theoretical and practical implications for the market.

scholarly journals Estimating Total Factor Productivity and Its Components: Evidence from Major Manufacturing Industries of Pakistan

2008 ◽  
Vol 47 (4II) ◽  
pp. 677-694 ◽  
Author(s):  
Abdul Raheman ◽  
Talat Afza ◽  
Abdul Qayyum ◽  
Mahmood Ahmed Bodla
Keyword(s):  
Textile Industry ◽  
Large Scale ◽  
Manufacturing Sector ◽  
Vital Role ◽  
Fiscal Year ◽  
Cotton Production ◽  
Oil Refineries ◽  
Used Cars ◽  
In The Beginning ◽  
Textile Sector

Manufacturing sector of Pakistan accounts for 19.1 percent of GDP and is the second largest sector of the economy. It grew by 8.4 percent during 2007 as against 10 percent last year. In the manufacturing sector, large scale manufacturing (LSM), plays a vital role and accounts for approximately 70 percent of overall manufacturing [Economic Survey of Pakistan (2006-07)]. During 2006-07 relatively slower pace of expansion exhibits signs of moderation on accounts of higher capacity utilisation, difficulties in the textile sector and lower than expected scale of operations of oil refineries. A number of other factors have also contributed to the low pace of expansion in manufacturing including zero percent growth in raw cotton production which is a critical input for the textile industry, vegetable ghee and cooking oil which comprise about 5.5 percent of the LSM sector, showed uninspiring performance due to unparalleled rise in international palm and soybean oil prices. The performance of the automobile sector has been far less impressive this year as compared to previous five years due to a fall in domestic demand for cars on account of increasing auto financing rates. The higher imports of used cars in the beginning of fiscal year 2006-07 also affected the performance of domestic auto mobile sector.

scholarly journals WORKING CAPITAL MANAGEMENT OF TRADE ENTERPRISES FROM THE POSITION OF FUNCTIONAL AND REFLECTING AND STRUCTURAL AND CLASSIFICATION APPROACHES

2019 ◽  
pp. 68-77
Author(s):  
Oksana Blуznіuk ◽  
Alona Sifurova
Keyword(s):  
Asset Management ◽  
Financial Stability ◽  
Retail Trade ◽  
Enterprise Management ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Current Asset ◽  
Reproduction Process ◽  
Operational Activities

Introduction. The article proves the necessity of improving the overall system of enterprise trade management by developing an efficient subsystem of working capital management in the unity and interconnection with other subsystems and elements. It has to be done in the context of the successive stages of the transformation and reproduction and financial and economic cycle of the operation of a trading enterprise. Purpose. The article aims to substantiate the content and mechanism of the subsystem of current asset management of the trade enterprise on the basis of the use of functional and reproductive and structural and classification approaches. Method. According to the State Statistics Service of Ukraine, the analysis of the dynamics and structure of the volume and structure of financial sources of capital and assets of Ukrainian trade enterprises during 2010-2017 is carried out. It is revealed that the vast majority of domestic enterprises of wholesale and retail trade suffer from a sharp shortage of own funds for the formation of working capital, which is a source of financing of constituent elements of current assets. It significantly affects the level of financial stability, independence and efficiency of financial and economic activity of trade enterprises. Results. The scientific approaches to enterprise management organization based on a systematic approach have been considered and systematized. The effect of modern mechanism of working capital management as an important element of the overall system of management of the trade company has been investigated, taking into account the high proportion of borrowed funds in the structure of sources of financial resources and the significant impact of working capital on the financial performance of trade enterprises. The essence, functions, principles, features, the mechanism of application of functional and reproductive and structural and classification approaches to the management of working capital of trading enterprises in separate successive stages of the reproduction process have been determined. It has been substantiated the expediency of using new approaches to management with the purpose of activating the processes of formation of working capital from diversified financial sources, its investment in current assets, increase of efficiency of use in operational activities and reproduction on a capitalized basis in trade enterprises.

scholarly journals Maintenance, occupational health and safety: a systematic review of the literature

2020 ◽  
Vol 27 (2) ◽  
Author(s):  
Marcelo Fabiano Costella ◽  
Francieli Dalcanton ◽  
Scheyla Maria Cardinal ◽  
Sandra Salete Vilbert ◽  
Graciela Aparecida Pelegrini
Keyword(s):  
Systematic Review ◽  
Asset Management ◽  
Occupational Safety ◽  
Management Practices ◽  
Health And Safety ◽  
Review Of The Literature ◽  
Maintenance Strategies ◽  
Safety And Health ◽  
Conceptual Maps ◽  
Maintenance Activities

Abstract: The objective of this article is to use a systematic review of the literature to answer how the maintenance sector considers the occupational safety and health (OSH) criteria, what impacts safety has on maintenance activities, which are the most significant branches of activities in this relationship, and which phases and types of maintenance are more prone to be influenced by OSH. The articles for these studies were selected through the Capes Portal, limited to the period between 2010 to 2015. Articles selected from the Brazilian Congresses on Asset Management and Maintenance in the period from 2013 to 2015 were also used. 38 articles were selected in total for the systematic review of the literature. The results were summarized through conceptual maps and revealed that there are fundamental relationships between OSH, Maintenance and Asset Management and that maintenance has a central role to play in these relationships. It is also concluded that the impacts of safety on the maintenance activities involve all stages of the process and that the maintenance sector considers the OSH criteria as a function of the safety of the persons performing the maintenance and operating the equipment. The contributions include a discussion on the importance of maintenance and safety according to different organizational cultures, the elements considered in management practices, maintenance strategies and safety criteria.

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