The researcher in this study sought to establish the factors that affect cash flow in manufacturing firms in Kenya. The study was guided by the following specific objectives,to establish how investments affect cash flow in manufacturing firms listed in the Nairobi stock exchange, to find out how inventory controls affect cash flow in manufacturing firms listed in the Nairobi stock exchange, to determine how profitability affect cash flow in manufacturing firms listed in the Nairobi stock exchange. The researcher used descriptive research design to describe the factors affecting cash flow in manufacturing firms listed in the Nairobi stock exchange. A firm should be able to generate enough cash flows from its operations. If a firm is not able to cover its current liabilities with cash generated from operations, it will have cash challenges in financing its operations. A cash flow ratio of oneshow that the firm has healthy cash flows and a ratio of less than one shows that the firm does not have enough cash flows to finance its operations. The study covered a period of five years from 2012 to 2017.The methodology for the study was descriptive research design. The study employed population census as the listed firms were very few for the researcher to employ sampling. The listed firms were nine. Analyzed data was presented using figures and tables. The study findings revealed that there is a positive relationship between cash flows and investments as measured by net capital expenditure, profitability as measured by return on assets. There is a negative relationship between cash flows and inventory control as measured by inventory turnover. The study also established that there is a positive relationship between cash flows and profitability of a firm as measured by return on Assets (ROA).cash flows in all the firms have the same trend expect for Eveready East African ltd. The study concluded that manufacturing firms should exercise inventory control, invest wisely and also manage profitability of assets to ensure that the firm has enough cash flows to fund its operations
本研究的研究人员试图建立影响肯尼亚制造企业现金流的因素。本研究以以下具体目标为指导，建立投资如何影响在内罗毕证券交易所上市的制造企业的现金流，找出库存控制如何影响在内罗毕证券交易所上市的制造企业的现金流，确定盈利能力如何影响在内罗毕证券交易所上市的制造企业的现金流。研究人员采用描述性研究设计来描述在内罗毕证券交易所上市的制造企业现金流的影响因素。一家公司应该能够从其经营活动中产生足够的现金流。如果一家公司不能用经营活动产生的现金支付其流动负债，它将在为经营活动融资方面面临现金挑战。现金流比率为1表明该公司有健康的现金流，低于1表明该公司没有足够的现金流来为其运营提供资金。该研究涵盖了从2012年到2017年的五年时间。本研究采用描述性研究设计。由于上市公司数量较少，故采用人口普查方法进行研究。上市公司有9家。分析数据以图表形式呈现。研究结果显示，以净资本支出衡量的现金流与投资之间存在正相关关系，以资产回报率衡量的盈利能力之间存在正相关关系。通过存货周转率来衡量，现金流量与存货控制之间存在负相关关系。该研究还建立了现金流量与企业的盈利能力之间的正相关关系，以资产收益率(ROA)衡量。除了Eveready East African有限公司外，所有公司的现金流都有相同的趋势。该研究的结论是，制造企业应该进行库存控制，明智地投资，并管理资产的盈利能力，以确保公司有足够的现金流来资助其运营
{"title":"Effect of Investments on Cash flow of Manufacturing Firms Listed at the Nairobi Securities Exchange","authors":"Damaris Mutindi Musembi, Fred Sporta","doi":"10.47747/ijfr.v4i1.1071","DOIUrl":"https://doi.org/10.47747/ijfr.v4i1.1071","url":null,"abstract":"The researcher in this study sought to establish the factors that affect cash flow in manufacturing firms in Kenya. The study was guided by the following specific objectives,to establish how investments affect cash flow in manufacturing firms listed in the Nairobi stock exchange, to find out how inventory controls affect cash flow in manufacturing firms listed in the Nairobi stock exchange, to determine how profitability affect cash flow in manufacturing firms listed in the Nairobi stock exchange. The researcher used descriptive research design to describe the factors affecting cash flow in manufacturing firms listed in the Nairobi stock exchange. A firm should be able to generate enough cash flows from its operations. If a firm is not able to cover its current liabilities with cash generated from operations, it will have cash challenges in financing its operations. A cash flow ratio of oneshow that the firm has healthy cash flows and a ratio of less than one shows that the firm does not have enough cash flows to finance its operations. The study covered a period of five years from 2012 to 2017.The methodology for the study was descriptive research design. The study employed population census as the listed firms were very few for the researcher to employ sampling. The listed firms were nine. Analyzed data was presented using figures and tables. The study findings revealed that there is a positive relationship between cash flows and investments as measured by net capital expenditure, profitability as measured by return on assets. There is a negative relationship between cash flows and inventory control as measured by inventory turnover. The study also established that there is a positive relationship between cash flows and profitability of a firm as measured by return on Assets (ROA).cash flows in all the firms have the same trend expect for Eveready East African ltd. The study concluded that manufacturing firms should exercise inventory control, invest wisely and also manage profitability of assets to ensure that the firm has enough cash flows to fund its operations","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132799254","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study examined the effect of stock market capitalization on economic growth in Kenya. The study adopted explanatory research design that is quantitative. The study was guided by neoclassical endogenous growth theory. The major sources of data were national accounts data from the Kenya National Bureau of Statistics (KNBS) Economic Surveys, Statistical Abstracts and International Financial Statistics (IFS) site for the period 1990-2021. The study used a vector error correction model. The variables were first tested for unit root thereafter Johansen cointegration Technique was used to test the long run relationship of the variables. The study found that there were unit roots at levels but became stationary after first difference. Results showed that stock market capitalization had a negative and significant long run relationship on economic growth in Kenya (β= -0.148, p<0.05). The capital market authority may relax the listing requirements to enable more firms get listed in Nairobi Securities Exchange to strengthen growth stock markets capitalization and therefore spur economic growth
{"title":"Effect of Stock Market Capitalization on Economic Growth in Kenya","authors":"Okisa Evan","doi":"10.47747/ijfr.v3i4.989","DOIUrl":"https://doi.org/10.47747/ijfr.v3i4.989","url":null,"abstract":"This study examined the effect of stock market capitalization on economic growth in Kenya. The study adopted explanatory research design that is quantitative. The study was guided by neoclassical endogenous growth theory. The major sources of data were national accounts data from the Kenya National Bureau of Statistics (KNBS) Economic Surveys, Statistical Abstracts and International Financial Statistics (IFS) site for the period 1990-2021. The study used a vector error correction model. The variables were first tested for unit root thereafter Johansen cointegration Technique was used to test the long run relationship of the variables. The study found that there were unit roots at levels but became stationary after first difference. Results showed that stock market capitalization had a negative and significant long run relationship on economic growth in Kenya (β= -0.148, p<0.05). The capital market authority may relax the listing requirements to enable more firms get listed in Nairobi Securities Exchange to strengthen growth stock markets capitalization and therefore spur economic growth","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122100854","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Board characteristics are a key aspect of corporate governance practice and copious literature is available on the relationship between parameters of a governing board and the goodwill of listed firms. However, in spite of the abundant literature about this association and the progress in the day-to-day area of corporate governance, inconclusive results on the relationship still abound in previous studies. Thus, a study on the nexus between board characteristics and firm value is useful in understanding corporate governance practices especially in Kenya. This study is conducted with the main aim of establishing the effect of board characteristics (specifically the board meetings, board size and board gender diversity) on firm value of listed banks in Kenya. The study employed a correlational research design to attain its objective and with the target population of ten banks that were listed at the Nairobi Securities Exchange during the financial years between 2008 and 2021 using panel data. Multilinear regression is used for data analysis with the findings revealing that board gender had a positive but insignificant effect with firm value as proxied by Tobin’s Q, while board size had a positive and significant effect with firm value. On the other hand, board meetings had a negative and insignificant effect with firm value
{"title":"Parameters of Governing Boards and the Goodwill of Listed Firms","authors":"Nicholas Ojiambo Heraniah, I. Ondabu","doi":"10.47747/ijfr.v3i4.1030","DOIUrl":"https://doi.org/10.47747/ijfr.v3i4.1030","url":null,"abstract":"Board characteristics are a key aspect of corporate governance practice and copious literature is available on the relationship between parameters of a governing board and the goodwill of listed firms. However, in spite of the abundant literature about this association and the progress in the day-to-day area of corporate governance, inconclusive results on the relationship still abound in previous studies. Thus, a study on the nexus between board characteristics and firm value is useful in understanding corporate governance practices especially in Kenya. This study is conducted with the main aim of establishing the effect of board characteristics (specifically the board meetings, board size and board gender diversity) on firm value of listed banks in Kenya. The study employed a correlational research design to attain its objective and with the target population of ten banks that were listed at the Nairobi Securities Exchange during the financial years between 2008 and 2021 using panel data. Multilinear regression is used for data analysis with the findings revealing that board gender had a positive but insignificant effect with firm value as proxied by Tobin’s Q, while board size had a positive and significant effect with firm value. On the other hand, board meetings had a negative and insignificant effect with firm value","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"141 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132063795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Most firms in this day and age seek to report issues affecting assorted stakeholders. Consequently, sustainability revelation endorses all-inclusive rather than economic performance analysis of the organization. The study sought after the interaction effect of board gender diversity in the relationship between ownership structure and corporate sustainability disclosure of listed companies in Kenya. The theoretical framework was made of legitimacy, triple bottom line and stakeholder theories. Guided by causal research design, 62 listed companies were targeted but 56 were included after inclusion and exclusion criteria. . Secondary data obtained from audited annual reports for the year 2021 was analyzed using SPSS. From the multiple regression analysis, there was a negative but significant effect (β= -.246, .001<.05) of managerial ownership on corporate sustainability disclosure. On the contrary, both institutional and foreign ownership positively but insignificantly affect corporate sustainability disclosure as indicated by (β=.423, .816>.05) and (β=.356, .559>.05) respectively. Furthermore, board gender diversity positively and significantly moderates the relationship between managerial (β=.277, .001<.05) along with institutional ownership (β=.343, .000<.05) and corporate sustainability disclosure. To sum up, sustainability disclosure of the firm is vital for institutional and foreign more than managerial investors. From the findings, board gender diversity enriches sustainability disclosure once interacted with managerial and institutional ownership structure. The management of the listed companies in Kenya are expected to uphold ownership structure by attracting investors, both individuals and institutions. More importantly, the companies are expected to formulate ways of promoting women representation in the board so as to progress the gender diversity concept.
{"title":"Ownership Structure and Corporate Sustainability Disclosure in Kenya: Interaction Effect of Board Gender Diversity","authors":"P. Tanui","doi":"10.47747/ijfr.v3i4.962","DOIUrl":"https://doi.org/10.47747/ijfr.v3i4.962","url":null,"abstract":"Most firms in this day and age seek to report issues affecting assorted stakeholders. Consequently, sustainability revelation endorses all-inclusive rather than economic performance analysis of the organization. The study sought after the interaction effect of board gender diversity in the relationship between ownership structure and corporate sustainability disclosure of listed companies in Kenya. The theoretical framework was made of legitimacy, triple bottom line and stakeholder theories. Guided by causal research design, 62 listed companies were targeted but 56 were included after inclusion and exclusion criteria. . Secondary data obtained from audited annual reports for the year 2021 was analyzed using SPSS. From the multiple regression analysis, there was a negative but significant effect (β= -.246, .001<.05) of managerial ownership on corporate sustainability disclosure. On the contrary, both institutional and foreign ownership positively but insignificantly affect corporate sustainability disclosure as indicated by (β=.423, .816>.05) and (β=.356, .559>.05) respectively. Furthermore, board gender diversity positively and significantly moderates the relationship between managerial (β=.277, .001<.05) along with institutional ownership (β=.343, .000<.05) and corporate sustainability disclosure. To sum up, sustainability disclosure of the firm is vital for institutional and foreign more than managerial investors. From the findings, board gender diversity enriches sustainability disclosure once interacted with managerial and institutional ownership structure. The management of the listed companies in Kenya are expected to uphold ownership structure by attracting investors, both individuals and institutions. More importantly, the companies are expected to formulate ways of promoting women representation in the board so as to progress the gender diversity concept.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128966513","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The procurement system invariably suffers various forms of malpractices and unethical conduct which includes a high incidence of vested interest, contract inflation, delay in suppliers’ payment, and increased procurement cycle. The review explored impacts of firm internationalization, green procurement and organizational performance of University College Hospital (UCH), Ibadan. Theory considered for this study is the agency theory. Descriptive and survey design was embraced for the review. The populace in the review contained 158. A stratified sampling technique was used and the strata’s are procurement, stores, payment units (Account), and the different end user’s department. An organized poll was directed. The instrument was approved, and the information assembled was broken down utilizing mean standard deviation, and correlation analysis. Out of the 158 polls directed, 136 were recovered (86% reaction rate). The review discovered that green procurement (mean worth 4.3145), negotiation management (mean worth 4.2581), competitive bidding (mean worth 4.2581) and its correlation co-efficient: (green procurement 0.214, negotiation management 0.737, competitive bidding 0.230) was found to have a positive and significant effect on organizational performance of UCH, Ibadan. The study subsequently inferred that green procurement did not lead to client’s satisfaction. However, green procurement leads to an increase in service quality, product quality, source reduction and waste management. Based on the findings, it is therefore recommended that more financial resources should be made available for the acquisition of substitute products and public awareness on the need to conserve the environment through green procurement.
{"title":"Impacts of Firm Internationalization, Green Procurement and Organizational Performance of University College Hospital, Ibadan, Nigeria","authors":"G. Oyedokun, Mariam Abiola Garba","doi":"10.47747/ijfr.v3i4.876","DOIUrl":"https://doi.org/10.47747/ijfr.v3i4.876","url":null,"abstract":"The procurement system invariably suffers various forms of malpractices and unethical conduct which includes a high incidence of vested interest, contract inflation, delay in suppliers’ payment, and increased procurement cycle. The review explored impacts of firm internationalization, green procurement and organizational performance of University College Hospital (UCH), Ibadan. Theory considered for this study is the agency theory. Descriptive and survey design was embraced for the review. The populace in the review contained 158. A stratified sampling technique was used and the strata’s are procurement, stores, payment units (Account), and the different end user’s department. An organized poll was directed. The instrument was approved, and the information assembled was broken down utilizing mean standard deviation, and correlation analysis. Out of the 158 polls directed, 136 were recovered (86% reaction rate). The review discovered that green procurement (mean worth 4.3145), negotiation management (mean worth 4.2581), competitive bidding (mean worth 4.2581) and its correlation co-efficient: (green procurement 0.214, negotiation management 0.737, competitive bidding 0.230) was found to have a positive and significant effect on organizational performance of UCH, Ibadan. The study subsequently inferred that green procurement did not lead to client’s satisfaction. However, green procurement leads to an increase in service quality, product quality, source reduction and waste management. Based on the findings, it is therefore recommended that more financial resources should be made available for the acquisition of substitute products and public awareness on the need to conserve the environment through green procurement.\u0000 ","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"02 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130437354","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A company's choice of capital structure determines how successfully it will operate. This choice heavily depends on the understanding and optimisation of the capital structure factors necessary to increase industry-specific profitability and, consequently, market value. Therefore, the goal of this study is to analyse the factors that determine the capital structure of six significant oil producing companies operating in Ghana, namely: Hess Corporation, Kosmos Energy, Tullow Oil and Ghana National Petroleum Company from 2010 to 2018. In the analysis of panel data for this study, random effect estimation is used. Size, liquidity, tangibility, crude oil price, and profitability are used in conjunction with pertinent literature to describe the factors that determine capital structure, which is proxied by the debt-to-capitalisation ratio (leverage). The findings demonstrated that profitability, firm size, crude oil price, and liquidity are major capital structure factors that have a markedly adverse connection with leverage. The main finding of this study implies that, in accordance with the pecking order theory, consideration of debt may ultimately be the last resort, whereas the management of these major oil and gas companies in Ghana must exercise discretion when considering funding based on debt and rely more on generated profits (retained earnings) and shareholder equity. Appropriate crude oil price hedging instruments are recommended to minimise the impact of commodity price volatility on decisions on capital structure strategies.
{"title":"Factors Influencing Capital Structure: An Empirical Evaluation of Major Oil and Gas Producing Companies Operating in Ghana","authors":"Dennis Amponsah Baidoo","doi":"10.47747/ijfr.v3i4.937","DOIUrl":"https://doi.org/10.47747/ijfr.v3i4.937","url":null,"abstract":"A company's choice of capital structure determines how successfully it will operate. This choice heavily depends on the understanding and optimisation of the capital structure factors necessary to increase industry-specific profitability and, consequently, market value. Therefore, the goal of this study is to analyse the factors that determine the capital structure of six significant oil producing companies operating in Ghana, namely: Hess Corporation, Kosmos Energy, Tullow Oil and Ghana National Petroleum Company from 2010 to 2018. In the analysis of panel data for this study, random effect estimation is used. Size, liquidity, tangibility, crude oil price, and profitability are used in conjunction with pertinent literature to describe the factors that determine capital structure, which is proxied by the debt-to-capitalisation ratio (leverage). The findings demonstrated that profitability, firm size, crude oil price, and liquidity are major capital structure factors that have a markedly adverse connection with leverage. The main finding of this study implies that, in accordance with the pecking order theory, consideration of debt may ultimately be the last resort, whereas the management of these major oil and gas companies in Ghana must exercise discretion when considering funding based on debt and rely more on generated profits (retained earnings) and shareholder equity. Appropriate crude oil price hedging instruments are recommended to minimise the impact of commodity price volatility on decisions on capital structure strategies.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131411812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study aims to determine the differences in the company's financial performance before and after corporate action on the Indonesia Stock Exchange. The research method used is the comparative method, the sampling method used is purposive sampling, and the sample used is 13 companies. The data required is secondary data obtained from the Indonesia Stock Exchange through the website www.idx.co.id, and the data collection method uses the documentation method in the form of annual financial reports. The analysis technique used in this research is the technique of financial ratio analysis, normality test and Paired sample t-Test. The results of the Paired sample t-Test test stated that there was no significant difference before and after the company took corporate action as measured by the Current Ratio, Quick Ratio, Debt to Equity Ratio, Debt to Asset Ratio, Total Assets Turnover, Fixed Assets Turnover, Return on Equity, Return on Assets, Price to Book Value, and Price Earnings Ratio. Both from 1 year before and 1 year after, to 5 years before and 5 years after the company take corporate action. Personal motive is a factor that needs to be considered by the company in making decisions
{"title":"Differences in The Company's Financial Performance Before And After Corporate Action On The Indonesia Stock Exchange","authors":"Buja Andri Kisa Putra, Fatimah Fatimah, Choiriyah Choiriyah, Trisniarty Adjeng Moelyatie","doi":"10.47747/ijfr.v3i3.903","DOIUrl":"https://doi.org/10.47747/ijfr.v3i3.903","url":null,"abstract":"This study aims to determine the differences in the company's financial performance before and after corporate action on the Indonesia Stock Exchange. The research method used is the comparative method, the sampling method used is purposive sampling, and the sample used is 13 companies. The data required is secondary data obtained from the Indonesia Stock Exchange through the website www.idx.co.id, and the data collection method uses the documentation method in the form of annual financial reports. The analysis technique used in this research is the technique of financial ratio analysis, normality test and Paired sample t-Test. The results of the Paired sample t-Test test stated that there was no significant difference before and after the company took corporate action as measured by the Current Ratio, Quick Ratio, Debt to Equity Ratio, Debt to Asset Ratio, Total Assets Turnover, Fixed Assets Turnover, Return on Equity, Return on Assets, Price to Book Value, and Price Earnings Ratio. Both from 1 year before and 1 year after, to 5 years before and 5 years after the company take corporate action. Personal motive is a factor that needs to be considered by the company in making decisions","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-11-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115394629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The exploration of the dimensions of digital activism was the objective of this work. A non-experimental study was carried out with a non-probabilistic selection of 150 students, considering their affiliation with student organizations. A four-dimensional structure was established; technological habitus, computational self-efficacy, diffusion of innovations and Internet mobilization that explained 48% of the total variance, although the design limited the results to the research scenario, suggesting the extension of the study and the inclusion of variables such as; training, socialization and intention to use the devices and networks.
{"title":"Factorial Exploratory Model of Risk Perception","authors":"Arger Verstap","doi":"10.47747/ijfr.v3i3.767","DOIUrl":"https://doi.org/10.47747/ijfr.v3i3.767","url":null,"abstract":"The exploration of the dimensions of digital activism was the objective of this work. A non-experimental study was carried out with a non-probabilistic selection of 150 students, considering their affiliation with student organizations. A four-dimensional structure was established; technological habitus, computational self-efficacy, diffusion of innovations and Internet mobilization that explained 48% of the total variance, although the design limited the results to the research scenario, suggesting the extension of the study and the inclusion of variables such as; training, socialization and intention to use the devices and networks.","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"16 2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122362510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study at determine financial performance before and during the Covid-19 pandemic on the Indonesia Stock Exchange. In this study, 29 samples of companies in the health sub-sector, telecommunication services sub-sector, hotel and restaurant tourism sub-sector. This analysis includes company financial analysis, manova test, and research results show that financial performance before and during the Covid-19 pandemic as measured by using CR, DER, TATO, ROE shows no difference in the health sector and for companies in the telecommunication service subsector while in the telecommunication service subsector. Hotel and restaurant tourism shows differences in financial performance before and during the Cobid-19 pandemic. Financial performance such as the Current ratio, DER, TATO and ROE show that younger companies have different financial performances from older companies. the size of the company does not show any difference for the ratio of CR and ROE and shows a difference in the ratio of DER and TATO when it is below 5 trillion
{"title":"Company's Financial Performance Before and During the Covid-19 Pandemic on the Indonesia Stock Exchange","authors":"B. Setiawan, Abdul Basyith, R. Hidayat","doi":"10.47747/ijfr.v3i3.725","DOIUrl":"https://doi.org/10.47747/ijfr.v3i3.725","url":null,"abstract":"This study at determine financial performance before and during the Covid-19 pandemic on the Indonesia Stock Exchange. In this study, 29 samples of companies in the health sub-sector, telecommunication services sub-sector, hotel and restaurant tourism sub-sector. This analysis includes company financial analysis, manova test, and research results show that financial performance before and during the Covid-19 pandemic as measured by using CR, DER, TATO, ROE shows no difference in the health sector and for companies in the telecommunication service subsector while in the telecommunication service subsector. Hotel and restaurant tourism shows differences in financial performance before and during the Cobid-19 pandemic. Financial performance such as the Current ratio, DER, TATO and ROE show that younger companies have different financial performances from older companies. the size of the company does not show any difference for the ratio of CR and ROE and shows a difference in the ratio of DER and TATO when it is below 5 trillion","PeriodicalId":256569,"journal":{"name":"International Journal of Finance Research","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-09-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125917581","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Tse-Mao Lin, J. Yu, Mengchen Yang, Chin-Sheng Huang
The capital market considers the corporate governance system when evaluating and investing in firms to cope with changes and challenges from firm internationalization. In response to the need for global economic development, Taiwan firms have enhanced their competitiveness to meet international standards and link with the world economy. A good corporate governance mechanism can bring good operating performance to a firm. The cash dividends declared each year reflects the operating status of the firm and explains its profitability and value each year, providing relevant and significant information for institutional and ordinary investors to make investment decisions. This study took Taiwan listed firms as the research object. Based on the annual data from 2005 to 2019 in the enterprise business database of the Taiwan Economic Journal, constructed a panel data regression model combining time-series and cross-sectional data. The aim was to empirically investigate and analyze the correlation of firm internationalization, corporate governance, and financial performance indicators with corporate cash dividend payouts. The findings showed that after the variables of firm internationalization, financial performance, and corporate governance were combined, the export ratio (a variable representing firm internationalization) positively impacted corporate dividend payouts. In other words, the higher degree of internationalization, the more cash dividends paid by the firm. In corporate governance, a firm with a higher shareholding ratio of financial institutions showed significantly more cash dividends. Regarding financial performance indicators, a firm with higher recurring earnings per share showed significantly fewer cash dividends
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