scholarly journals Operational efficiency and financial sustainability of listed manufacturing companies in Nigeria

2019 ◽  
Vol 11 (1) ◽  
pp. 17-31 ◽  
Author(s):  
Japhet Osazefua Imhanzenobe
Keyword(s):  
Operational Efficiency ◽  
Financial Sustainability ◽  
Manufacturing Companies

DAMPAK PORTOFOLIO ASET TEKNOLOGI INFORMASI PEMANUFAKTURAN TERHADAP EFISIENSI OPERASIONAL DENGAN LINGKUNGAN INDUSTRI SEBAGAI VARIABEL PEMODERASI

2015 ◽  
Vol 11 (1) ◽  
pp. 22
Author(s):  
Berlina Yudha Pratiwi ◽  
Wahyu Agus Winarno
Keyword(s):  
Information Technology ◽  
Business Strategy ◽  
Annual Report ◽  
Organizational Innovation ◽  
Secondary Data ◽  
Operational Efficiency ◽  
Manufacturing Companies ◽  
Industrial Environment ◽  
Information Technology Investments ◽  
The Right

Manufacture Information Technology Asset Portfolios is a document contains some information technology investments to manufacture asset that can be used as a reference in determining the right business strategy for the purpose or performance to be achieved, in this case operational efficiency or organizational innovation.The industrial of environment where a firm competes will have a moderating effect on the relation between manufacture information technology asset portfolios with operational efficiency or organizational innovation. This research aims to identify and analyze the industrial environment influence of the relation between manufacture information technology asset portfolios with operational efficiency. This research is quantitative, and using secondary data in the form of annual report of manufacturing companies in Indonesia from 2009-2011. Determination of the sample in this study using purposive sampling criteria are manufacturing companies revealed that manufacture information technology asset in the annual report company. Data analysis was performed with the classical assumption test and hypothesis testing with moderating regression analysis (MRA) method. The results of the research showed that the industrial of environment statistically has positive and significant influence to the relation between manufacture information technology asset portfolios with operational efficiency. Keywords:manufacture information technology asset portfolios, operational efficiency, and industrial environment.

Determinants of Profitability and Financial Sustainability of Saving and Credit Cooperatives in Eastern Ethiopia

2021 ◽  
pp. 097300522098059
Author(s):  
Mekonnen Kumlachew Yitayaw
Keyword(s):  
Random Effect ◽  
Random Effect Model ◽  
Secondary Data ◽  
Operational Efficiency ◽  
Financial Sustainability ◽  
Eastern Ethiopia ◽  
Leverage Ratio ◽  
Credit Cooperatives ◽  
Negative Effect ◽  
Positive Effect

This study investigated the determinants affecting financial sustainability and profitability of saving and credit cooperatives (SACCOs) in Eastern Ethiopia using unbalanced panel data of 43 SACCOs from 2015 to 2019. To realise the stated objective, a quantitative approach and an explanatory design were employed using secondary data sources mainly from audited financial statements of the SACCOs during the study period. The analysis revealed that SACCOs in Eastern Ethiopia are not profitable but financially sustainable. The robust random effect model result shows that deposit mobilisation, loan-to-deposit ratio and managerial efficiency have a statistically significant and positive effect on the profitability of SACCOs, while operational efficiency has a statistically significant and negative effect. Likewise, the leverage ratio and the number of active borrowers (a proxy of breadth outreach) have a statistically significant and positive effect on the financial sustainability of SACCOs in Eastern Ethiopia. However, operational efficiency and size have a statistically significant but negative effect on SACCOs’ financial sustainability. Finally, the study suggests that SACCOs in Eastern Ethiopia should perform their conventional activities such as saving mobilisation and credit provision properly to be financially healthy.

scholarly journals Working Capital Management Policies in Indian Listed Firms: A State-Wise Analysis

2021 ◽  
Vol 13 (8) ◽  
pp. 4516
Author(s):  
Najib H. S Farhan ◽  
Faozi A. Almaqtari ◽  
Ebrahim Mohammed Al-Matari ◽  
Nabil Ahmed M. SENAN ◽  
Waleed M. Alahdal ◽  
...  
Keyword(s):  
Business Environment ◽  
Manufacturing Firms ◽  
Small Sample ◽  
Investment Policy ◽  
Financial Sustainability ◽  
Manufacturing Companies ◽  
Working Capital ◽  
Return On Assets ◽  
Financing Policy ◽  
The Impact

The main aim of this paper is to evaluate the impact of working capital policies on firms’ profitability. The study uses a panel data set of 829 manufacturing firms for the period from 2011 to 2017. Data is extracted from Prowess IQ database. An empirical model is used for testing research hypotheses. The results show that all firms across Indian states follow conservative financing and investment policy. The conservative investment policy positively affects return on assets, whereas the conservative financing policy negatively affects return on assets and therefore firms’ financial sustainability. Regulators, policymakers, investors, and financial managers in Indian manufacturing companies are advised to follow a conservative investment and financing policy, which is effective and efficient in boosting firms’ profitability for attaining financial sustainability. Therefore, manufacturing firms should invest more in current assets, because they need to expand both inventories and trade credit to their customers. Moreover, financial managers are advised to favor a low level of debt in financing assets. Apart from previous literature, which was either descriptive or based on a small sample size, the present study makes a novel and significant contribution by bridging an existing gap through applying a panel fixed- and random-effect model for a large sample: 829 firms. Furthermore, the business environment in India is somewhat different from that of other countries around the globe, which makes investigating working capital policies in the Indian contexts an interesting endeavor.

Managing for Operational Efficiency Using Activity Based Costing

1996 ◽  
Vol 13 (1) ◽  
pp. 73-88
Author(s):  
James D. Cashell ◽  
Anthony H. Presutti
Keyword(s):  
Operational Efficiency ◽  
Activity Based Costing

Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Variabel Intervening Profitabilitas

2017 ◽  
Vol 25 (1) ◽  
pp. 13-39
Author(s):  
Achmad Tjahjono ◽  
Siti Chaeriyah
Keyword(s):  
Corporate Governance ◽  
Path Analysis ◽  
Executive Director ◽  
Audit Committee ◽  
Positive Impact ◽  
Institutional Ownership ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Company Value ◽  
Good Corporate Governance

The Company was founded with the goal of increasing the value of the company as well as to provide prosperity for the owners or shareholders. Good Corporate Governance and profitability is an effort to enhance company value. This study aims to determine the influence of good corporate governance to company value with profitability as intervening variable. The population of this research is manufacturing companies listed in Indonesia Stock Exchange in 2010 - 2014. The sample is taken by using purposive sampling method. Under this method, as many as 123 companies were obtained. The analysis tool to test the hypothesis is path analysis with AMOS software version 21. Data analysis method is descriptive analysis, path analysis, and sobeltest. The results of this study indicate that managerial ownership, the audit committee and the profitability have positive impact toward the of the company value, institutional ownership has positive impact but not significant, non-executive director with negative effect tendency on the company value. The results of this study also showed that profitability cannot mediate the effect of good corporate governance mechanisms on company value. It can be suggested to replace the intervening variable with other variables such as quality of earnings instead of profitability since it is declined as an intervening variable. non-executive director and institutional ownership does not contribute any positive and significant effect on company value and profitability. The following research can use another proxy in the measurement process and consider other theories that could explain comprehensively.

Dividend Payout Ratio: Persoalan Free Cashflow, Debt To Equity Ratio, Kepemilikan Institutional, Investment Opportunity, Dan Kesejahteraan Karyawan

Liquidity ◽  
2017 ◽  
Vol 6 (1) ◽  
pp. 1-11
Author(s):  
Nurlis Azhar ◽  
Helmi Chaidir
Keyword(s):  
Cash Flow ◽  
Significant Influence ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Flow Ratio ◽  
Prediction Ability ◽  
Employee Welfare ◽  
Equity Ratio

This study was conducted to examine the effect of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (Parliament) partially on manufacturing companies listed on Indonesia Stock Exchange period 2011-2015. In addition, to test the feasibility of regression model, the influence of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (DPR) simultaneously at manufacturing company listed on Bursa Indonesia Securities period 2011-2015. The population in this study are 146 manufacturing companies that have been and still listed in Indonesia Stock Exchange period 2011-2013. The sampling technique used was purposive sampling and obtained sample of 42 companies. Data analysis technique used is by using multiple linear regression test. The results showed that Free Cash Flow Ratio, no significant effect on Divident Payout Ratio (DPR). Debt Equity Ratio (DER) has a negative and significant influence on Divident Payout Ratio (DPR), Institutional Ownership has a significant positive effect on Divident Payout Ratio (DPR), Employee Welfare and Price Earning Ratio (PER) has a positive and significant influence on the Divident Payout Ratio ). Simultaneously Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) give effect to Divident Payout Ratio. The prediction ability of the five variables to the Divident Payout Ratio (DPR) is 21.3% as indicated by the adjusted R square of 0.271 while the remaining 79.7% is influenced by other factors not included in the research model.

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