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An Empirical Study of Relationship between Working Capital Management and Leverage in Selected Petroleum Companies in India 印度石油公司营运资金管理与杠杆关系的实证研究
Pub Date : 2023-05-04 DOI: 10.37899/journallabisecoman.v3i4.790
Yousif Hameed Nayyef
The main purpose of this article is to find out the relationship between working capital management and leverage of selected petroleum companies in India. The management of working capital and leverage in the business organization has been considered as very crucial part in financial management. Working capital considered as surplus of current assets over current liabilities and leverage considered as firm’s ability of employing long term fund having a fixed cost for the purpose of increasing the return of the real owner of the organization. The evaluation of relationship between the two variables and it is identified with the help of parametric test like correlation analysis and one-way ANOVA.  The major findings of the study indicated that there is mixed relationship between working capital and leverage position because with the help of correlation analysis Reliance Petroleum, ONGC (Oil and Nature Gas Corporation Limited), IOCL (Indian Oil Corporation Limited), BPCL (Bharat Petroleum Corporation Limited) indicated positive relationship between two variables. GAIL (Gas Authority of India Limited) indicated negative relationship between working capital and leverage during the study period.
本文的主要目的是找出在印度选定的石油公司营运资金管理和杠杆之间的关系。企业组织的营运资金和杠杆管理一直被认为是财务管理中非常重要的一部分。营运资金被认为是流动资产超过流动负债的盈余,而杠杆被认为是企业利用具有固定成本的长期资金以增加组织真正所有者回报的能力。通过相关分析和单因素方差分析等参数检验来评价两个变量之间的关系。研究的主要发现表明营运资金与杠杆头寸之间存在混合关系,因为通过相关分析Reliance Petroleum, ONGC(石油和天然气公司有限公司),IOCL(印度石油公司有限公司),BPCL(巴拉特石油公司有限公司)表明两个变量之间存在正相关关系。GAIL (Gas Authority of India Limited)在研究期间指出营运资金与杠杆率呈负相关关系。
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引用次数: 0
Leverage’–An Analysis and its Impact on Profitability with Reference to Selected Oil and Gas Companies in India 杠杆作用——对印度油气公司盈利能力的影响分析
Pub Date : 2023-04-14 DOI: 10.37899/journallabisecoman.v3i4.777
P. Meghanathi, A. Chakrawal
Oil and gas sector is among the eight core industries in India and plays a key role in influencing decision making for all the other important sectors of the economy. The main objective of the study is to examine and evaluate the impact of leverage on profitability with reference to oil and gas companies in India. For that researcher has been selected top five companies like Reliance Industries Ltd (RIL), Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL), and Gas Authority of India Ltd (GAIL) based on market capitalisation. Secondary data have been used during the study period 2016-17 to 2020-21. For analyzing the leverage and profitability position the researcher have been taken financial leverage as independent variable and earning per share as dependent variable. For testing hypothesis some statistical tools and techniques like one way ANOVA, correlation and regression have been used by researcher. The major findings of ANOVA indicated that there in significant difference in financial leverage and earning per share of selected oil and gas companies during the study period. Correlation results showed that there is positive correlation between financial leverage with eps in reliance but in all other company’s financial leverage is negatively related with eps. Regression analysis found that there is no significant impact of financial leverage on eps in RIL, ONGC and IOCL but in BPCL and GAIL financial leverage has significant impact on EPS.
石油和天然气行业是印度的八大核心产业之一,在影响所有其他重要经济部门的决策方面发挥着关键作用。本研究的主要目的是研究和评估杠杆对印度石油和天然气公司盈利能力的影响。为此,研究人员根据市值选择了信实工业有限公司(RIL),石油和天然气公司(ONGC),印度石油公司(IOCL),巴拉特石油公司(BPCL)和印度天然气管理局有限公司(GAIL)等五大公司。在2016-17至2020-21研究期间使用了二手数据。为了分析杠杆和盈利状况,研究者将财务杠杆作为自变量,每股收益作为因变量。为了检验假设,研究人员使用了一些统计工具和技术,如单向方差分析、相关和回归。方差分析的主要结果表明,在研究期间,所选油气公司的财务杠杆和每股收益存在显著差异。相关结果显示,信实公司的财务杠杆与每股收益呈正相关,而其他公司的财务杠杆与每股收益呈负相关。回归分析发现,RIL、ONGC和IOCL的财务杠杆对每股收益没有显著影响,而BPCL和GAIL的财务杠杆对每股收益有显著影响。
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引用次数: 0
An Empirical Study of Profitability And Liquidity in Selected Auto Two and Three Wheelers Companies in India 印度汽车二轮车和三轮车公司盈利能力和流动性实证研究
Pub Date : 2023-04-14 DOI: 10.37899/journallabisecoman.v3i4.778
Ajmera Tushar Rameshbhai
The main purpose of any business organisation is profit maximisation and meets current liabilities within a year. Profit is a soul of any business organization and liquidity effectively helps to generate profit for the business. Profitability and liquidity are most important aspect for the organisation to fulfil their desired goal. In this empirical study attempt is made for identification of profitability and liquidity in auto two and three wheelers companies, which are listed on stock exchange. The time span of 2011-12 to 2018-19 should be considered for the study and randomly three companies are selected for analysis and findings purposes. The major finding of the study Baja auto indicated comparative good profitability but hero motorcorps reveals comparative higher ratio out of selected companies. Hero Motorcorps and Bajaj auto have good comparative liquidity position then TVS Motors. In concern with statistical test Anova except Debtors turnover ratio all selected ratio are rejected mean selected companies have no significant difference in debtors turnover ratio during study period.
任何商业组织的主要目的都是利润最大化,并在一年内偿还流动负债。利润是任何商业组织的灵魂,流动性有效地帮助企业产生利润。盈利能力和流动性是组织实现其预期目标的最重要方面。本实证研究尝试对上市汽车二轮车和三轮车公司的盈利能力和流动性进行识别。研究应考虑2011-12至2018-19的时间跨度,并随机选择三家公司进行分析和发现。该研究的主要发现巴哈汽车显示相对较好的盈利能力,但英雄汽车公司显示出相对较高的比率。英雄汽车公司和巴贾杰汽车公司的相对流动性状况比TVS汽车公司好。关于统计检验方差分析,除负债率外,所有选择的比率均被拒绝,意味着选择的公司在研究期间负债率没有显著差异。
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引用次数: 0
Effect of Temporal and Spatial Myopia on Managerial Performance 时空近视对管理绩效的影响
Pub Date : 2023-04-14 DOI: 10.37899/journallabisecoman.v3i4.776
Abbas Gatea Atiyah
An important role played by the strength of a company's position in the industry, companies must examine the factors that hinder building their strategic position. Companies need to have a successful management performance. It is the process of planning, organizing, and directing tasks, as well as monitoring the implementation of tasks. Therefore, this study aimed to explore the size of the obstacle posed by spatial myopia and temporal myopia in weakening the ability of organizations to achieve successful managerial performance. Where this is embodied in the hypotheses of the study, which state: There is an effect of spatial myopia and temporal myopia in achieving successful managerial performance. Therefore, the hypotheses of the study were tested in one of the important institutions in the oil sector (the petroleum products distribution company in Thi-Qar Governorate). The test was conducted on a sample of (132) managers from all managerial levels in the company. The research model and its hypotheses were tested using SmartPLS. The results of the study showed that there is an effect of spatial myopia and temporal myopia on the performance of organizations. So the study made some conclusions about how to treat. And the transition to adopting the concept of managerial hyperopia is one of the useful tools for the success of the organization's performance.
公司在行业中的地位优势发挥着重要作用,公司必须检查阻碍其建立战略地位的因素。公司需要有一个成功的管理业绩。它是计划、组织和指导任务以及监督任务执行的过程。因此,本研究旨在探讨空间近视和时间近视在削弱组织实现成功管理绩效的能力方面所构成的障碍的大小。这体现在本研究的假设中,该假设指出:空间近视和时间近视对成功的管理绩效有影响。因此,研究的假设在石油部门的一个重要机构(Thi-Qar省的石油产品分销公司)中得到了检验。该测试是在公司所有管理级别的132名经理的样本上进行的。使用SmartPLS对研究模型及其假设进行了检验。研究结果表明,空间近视和时间近视对组织绩效均有影响。因此该研究得出了一些关于如何治疗的结论。而过渡到采用管理远视的概念是组织绩效成功的有用工具之一。
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引用次数: 0
Profitability Analysis of Selected Private Sector Banks 部分民营银行盈利能力分析
Pub Date : 2022-09-02 DOI: 10.37899/journallabisecoman.v3i3.677
Anil Kalubhai Vanvi
The fundamental objective of this study is to acquire an understanding of the profitability of the many private sector banks that were selected for the purpose of investigation. A lottery was used as the fundamental method of random sampling for the purpose of this inquiry. The sample unit for this investigation will consist of five banks that were chosen by the researcher. The investigation will take place over the course of a period of five calendar years, commencing in 2017 and concluding in 2021. The researcher made use of a variety of accounting techniques, such as profitability ratios, as well as statistical methods, such as one-way analysis of variance; the findings are discussed further down in this section.
本研究的基本目标是了解为调查目的而选择的许多私营部门银行的盈利能力。为了这次调查的目的,彩票被用作随机抽样的基本方法。本调查的样本单位将由研究者选择的五家银行组成。调查将在五个日历年的时间内进行,从2017年开始到2021年结束。研究人员使用了多种会计技术,如利润率,以及统计方法,如单向方差分析;本节将进一步讨论这些发现。
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引用次数: 2
Entrepreneurial Orientation and Competitiveness of Telecommunication Firms in Rivers State, Nigeria 尼日利亚河流州电信企业的创业取向与竞争力
Pub Date : 2022-06-21 DOI: 10.37899/journallabisecoman.v3i3.645
M. Wegwu, Sunny Joshua Princewill
This research investigated the connection between the entrepreneurial mindset of telecommunications companies in Rivers State, Nigeria, and their level of market competitiveness. In the state of Rivers, there were a total of 139 managers working for four different telecommunications companies: MTN, 9Mobile, Airtel, and Globacom. The researchers used a straightforward random selection method to choose 103 participants for their investigation. The delivery of a structured questionnaire was used to obtain the primary data for this study. Using Spearman's Rank Order Correlation Coefficient and the Statistical Package for the Social Sciences (SPSS) version 22.0, we examined whether or not the provided hypotheses were supported by the data. According to the findings of the research, the two aspects of entrepreneurial orientation that were chosen (innovativeness and proactiveness) have a substantial connection to an organization's level of competitiveness (quality and market share). According to the findings of the study, the management of telecommunications companies should have an innovative plan to fund innovative ideas, experimentation, and creative processes; they should also introduce new products and services; and they should invest significantly in research and development. Additionally, the management of companies that deal in telecommunications have to take the initiative in the launch of new goods and services whenever possible. When it comes to the current state of the telecommunications industry, they should be recognized as a reputable brand. They should also react more quickly than their rivals do to educational and research opportunities.
本研究调查了尼日利亚河流州电信公司的创业心态与其市场竞争力水平之间的关系。在里弗斯州,共有139名管理人员在四家不同的电信公司工作:MTN、9Mobile、Airtel和Globacom。研究人员采用了一种直接的随机选择方法,选择了103名参与者进行调查。本研究采用结构化问卷的方式获取主要数据。使用Spearman的秩序相关系数和社会科学统计软件包(SPSS) 22.0版本,我们检验了所提供的假设是否得到数据的支持。根据研究结果,所选择的创业取向的两个方面(创新性和主动性)与组织的竞争力水平(质量和市场份额)有实质性的联系。根据研究结果,电信公司的管理层应该有一个创新的计划,以资助创新的想法、实验和创造性的过程;他们还应该推出新的产品和服务;他们应该大力投资于研发。此外,经营电信业务的公司的管理层必须在可能的情况下主动推出新产品和服务。当谈到电信行业的现状时,他们应该被认为是一个有信誉的品牌。它们还应该比竞争对手更快地对教育和研究机会做出反应。
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引用次数: 0
Management Practices and Productivity Level of Cebu City and Ozamiz City Eateries during COVID-19 Pandemic 2019冠状病毒病大流行期间宿务市和欧扎米兹市餐馆的管理实践和生产力水平
Pub Date : 2022-06-21 DOI: 10.37899/journallabisecoman.v3i3.644
Yvette M. Villarta, Flordeliza S. Gagani, Mary Angela Dinulos, Liz Alexandra Tan, Adair Shemie Margaret Yosores, Allyza Punsalan, Andre Murillo
The COVID-19 pandemic has made drastic changes in every country’s economy, affecting several businesses particularly in the restaurant industry and resulting in different obstacles that threaten the overall business productivity. Thus, the study is a quantitative non-experimental that aimed to determine if there is a significant relationship between the management practices and productivity among the 50 respondents from the randomly selected 10 eateries in Cebu City, Philippines through linear correlation analysis. Data were gathered online using an adapted and reliable questionnaire. Findings revealed that the management practices of the eateries have a very high average weighted mean and SD (x̄=3.34 SD=0.72). Meanwhile, the level of impact of the eateries’ overall productivity garnered a very high average weighted mean (x̄=3.50 SD=0.57). Therefore, the levels of management practices and the productivity of the eateries during the COVID-19 pandemic have significant relationship with a moderate positive correlation of 0.58 (r = 0.5846, = 0.00001, p < 0.05). This implies the great need for businesses to establish appropriate management practices and for employees to systematically apply these practices for the betterment of both the productivity of the employees and the business as a whole. Additionally, with the problems of operations, regulations imposed by the government, and adjustments to competitors being faced, respondents suggested fostering open communication and utilizing online platforms, and promotions for the improvement of management practices and productivity.
COVID-19大流行给每个国家的经济带来了巨大变化,影响了一些企业,特别是餐饮业,并产生了威胁整体企业生产力的各种障碍。因此,该研究是一个定量的非实验,旨在通过线性相关分析,确定从菲律宾宿务市随机选择的10家餐馆的50名受访者中,管理实践与生产力之间是否存在显着关系。数据是通过一份经过调整的可靠问卷在线收集的。调查结果显示,餐馆的管理实践具有很高的平均加权平均值和标准差(x′=3.34 SD=0.72)。同时,餐馆整体生产力的影响水平获得了非常高的平均加权平均值(x′=3.50 SD=0.57)。因此,在新冠肺炎大流行期间,管理实践水平与餐馆的生产力存在显著关系,并呈0.58的中度正相关(r = 0.5846, = 0.00001, p < 0.05)。这意味着企业需要建立适当的管理实践,员工需要系统地应用这些实践,以提高员工和整个企业的生产力。此外,由于运营问题、政府法规以及面临的竞争对手调整,受访者建议促进开放沟通和利用在线平台,以及促进管理实践和生产力的提高。
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引用次数: 0
Souvenir Purchase Motivations and Product Attribute Preferences among Arts and Design Students amidst Covid-19 新冠肺炎背景下艺术与设计专业学生纪念品购买动机及产品属性偏好
Pub Date : 2022-06-21 DOI: 10.37899/journallabisecoman.v3i3.670
Nadine Kiandra B. Baronia, Julia S. Daño, Athia Bless R. Mingo, Diane Kirsdy Y. Miones, Flordeliza S. Gagani
Despite the onslaught of COVID-19, people still travel and tourism can only thrive further upon its end. Souvenir shopping has long been integral to the tourism business and one’s travel experience. This quantitative non-experimental descriptive correlational study aimed to determine the relationship between souvenir purchase motivations and product attribute preferences among the randomly selected 50 Grade 12 Arts and Design students in the University of San Carlos South Campus for the school year 2021-2022. Two standardized and reliable Likert-type survey tools were used to collect data. Results revealed that students acquire souvenirs for a variety of reasons before making their decision. Students also valued the portability, aesthetic value, and authenticity of an item when looking for a souvenir. Researchers found out that there is a high positive correlation between souvenir purchase motivations and product attribute preferences and the relationship between the two variables is found to be significant, r (48) = 0.547, p < 0.05. This means that students who go on trips have distinct motivations and it affects their decision-making towards purchasing souvenir items. This study recommends that the variables be tested in more settings post-pandemic, as travel restrictions ease worldwide.
尽管疫情肆虐,但人们仍在旅行,旅游业只会在疫情结束后进一步繁荣。长期以来,纪念品购物一直是旅游业和旅游体验不可或缺的一部分。本定量非实验描述性相关研究旨在确定纪念品购买动机与产品属性偏好之间的关系,随机选择50名圣卡洛斯大学南校区12年级艺术与设计专业的学生为研究对象。采用两种标准化、可靠的李克特型调查工具收集数据。结果显示,学生在决定购买纪念品之前有各种各样的原因。在寻找纪念品时,学生们还重视物品的便携性、审美价值和真实性。研究发现,纪念品购买动机与产品属性偏好之间存在高度正相关,且两者之间的关系显著,r (48) = 0.547, p < 0.05。这意味着学生出游的动机不同,这影响了他们购买纪念品的决策。这项研究建议,随着全球旅行限制的放松,在大流行后更多的环境中对这些变量进行测试。
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引用次数: 0
Influence of Professional Career Development and Teamwork on Employee Job Satisfaction: Evidence From Private Universities in Nigeria 职业生涯发展和团队合作对员工工作满意度的影响:来自尼日利亚私立大学的证据
Pub Date : 2022-06-21 DOI: 10.37899/journallabisecoman.v3i3.649
Adani Nnenne Ifechi, I. E. N. Okoli, K. Nwosu
The purpose of this study was to examine the influence of professional career development and teamwork on job satisfaction among lecturers in selected private universities in Nigeria. Social exchange theory was used to establish the theoretical framework of this study. The study adopted descriptive survey research design to establish the relationship between professional career development, teamwork and job satisfaction. Structured questionnaire was distributed to 428 respondents in six selected private universities in Nigeria. The reliability of the measuring instrument was tested using Cronbach Alpha. Hypothesis one was tested using correlation analysis and regression analysis were employed for testing of hypotheses two, three and four. The result of the analysis showed that there is a statistical influence between the three constructs professional career development, teamwork and job satisfaction of private university lecturers in Nigeria. The research concludes that professional career development and teamwork exert different levels of influence on private university lecturers’ job satisfaction and that teamwork exerts greater level of influence on lecturers’ job satisfaction. Hence it was suggested that management of private universities should promote the establishment of multidisciplinary and interdisciplinary research teams and centres in order to blend the experience of academics. Also, private universities should make annual plans to sponsor or subsidize conferences, seminars and workshop expenses of lecturers in order to encourage frequent participation in academic events so as to sustain the lecturer’s satisfaction and commitment on the job.
本研究的目的是考察职业生涯发展和团队合作对尼日利亚选定私立大学讲师工作满意度的影响。本文采用社会交换理论建立研究的理论框架。本研究采用描述性调查研究设计,建立职业生涯发展、团队合作与工作满意度之间的关系。在尼日利亚选定的六所私立大学向428名回答者分发了结构化问卷。采用Cronbach Alpha法对测量仪器的信度进行检验。假设一采用相关分析进行检验,假设二、三、四采用回归分析进行检验。分析结果表明,尼日利亚私立大学讲师职业生涯发展、团队合作与工作满意度三者之间存在统计学影响。研究发现,职业生涯发展和团队合作对民办大学讲师工作满意度的影响程度不同,其中团队合作对讲师工作满意度的影响程度更大。因此,有人建议私立大学的管理应促进建立多学科和跨学科的研究小组和中心,以便融合学术界的经验。此外,私立大学应制定年度计划,赞助或补贴讲师的会议、研讨会和讲习班费用,以鼓励讲师经常参加学术活动,以维持讲师对工作的满意度和承诺。
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引用次数: 3
Impact on the Sales of Cultural Sarees due to Imports from Inbound Mergers in the South India by Product Interrelations 产品相互关系对南印度境内并购进口文化纱丽销售的影响
Pub Date : 2022-03-31 DOI: 10.37899/journallabisecoman.v3i2.586
Leelesh Sundaram, S. Muthu
Existing studies have demonstrated the negativity of cultural distance in international investments more particularly in the case of inbound mergers across the globe. It is famous speculation that the increasing import of foreign products would certainly affect the use and value of cultural goods of the particular state or nation, due to various influencing factors like consumer temperaments, choice and arousals. In this hypothetical situation, various governments across the globe have started imposing restrictions and authoritative conditions on Inbound Mergers thereby curtailing the scope of further business. When a closer study in respect of Indian trade and culture is carried out, it is quite interesting to note that there are no significant findings on the impact of cross-border inbound mergers on cultural sarees in India. This existing ambiguity appears even more substantial in the case of Southern States as this part of the country is often known for their cultural values and existing cultural sarees at the same time the Inbound Mergers in the said geographical jurisdiction is also increasing. Hence in order to address this ambiguity, this study is carried out so as to find out the Impact of cultural sarees on Inbound mergers in the Southern States of India as it is necessary to identify if there is an adverse impact on sales rate of cultural sarees. Further, this impact might be due to various factors, in order to bring in a regulation or change in law, it is essential to figure out if there is product interrelations.
现有的研究表明,文化距离对国际投资的负面影响,尤其是在全球范围内的入境并购中。有一种著名的推测认为,由于消费者的气质、选择和情绪等各种因素的影响,外国产品进口的增加必然会影响到特定国家或民族文化产品的使用和价值。在这种假设的情况下,全球各国政府已经开始对境内并购施加限制和权威条件,从而限制了进一步的业务范围。当对印度贸易和文化进行更深入的研究时,很有趣的是,跨境入境并购对印度文化福利的影响没有显著的发现。这种现有的模糊性在南部各州的情况下显得更加严重,因为该国的这一部分通常以其文化价值和现有的文化范围而闻名,同时上述地理管辖范围内的入境合并也在增加。因此,为了解决这种模糊性,本研究是为了找出文化纱丽对印度南部各州入境并购的影响,因为有必要确定是否对文化纱丽的销售率产生不利影响。此外,这种影响可能是由于各种因素造成的,为了引入法规或法律变更,必须弄清楚是否存在产品相互关系。
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引用次数: 0
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Journal La Bisecoman
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