Consumer Goods Companies Research Articles

Аналітична оцінка клієнтського капіталу світових компаній-лідерів

The example of reporting on the activities of 100 leading companies in the US stock market investigated the availability and disclosure of intangible assets that characterize client capital. Based on the systematization of the reporting data of these companies, the types of intangible assets that can be an information base for the analysis of client capital are identified. (client lists, customer bases, order portfolio, etc.) and marketing-related ones (trademarks, trade names, brands). They raise client capital, both in the total assets of the leading companies of the American stock market during 2014-2018, and intangible assets in particular. Based on the results of 2018. found that raw materials, telecommunications, industrial, technology and consumer goods companies (out of a list of 100 leading companies) exhibit a high proportion of those that disclose intangible assets that characterize client capital in their own reporting. The dynamics of change in the absolute average value of intangible assets characterizing client capital is determined on the example of the surveyed companies for 2014-2018.

PENGARUH INTENSITAS ASET TETAP DAN INTENSITAS PERSEDIAAN TERHADAP PENGHINDARAN PAJAK DENGAN PERTUMBUHAN PENJUALAN SEBAGAI VARIABEL MODERASI

The purpose of this study was to examine the effect of fixed asset intensity and inventory intensity on tax avoidance with sales growth as moderation variable in consumer good companies listed on the Indonesia Stock Exchange during the period of 2014-2018. This study uses profitability and leverage as control variable on relationship between independent variables and dependent variable. This study uses purposive sampling method to sort data. The sample being researched are 23 companies with 5 years observation. Data processing is done by using SPSS. The hypothesis are tested using multiple linear regression. The result showed that there is significant negative influence between Fixed Asset Intensity with tax avoidance, there is significant negative influence between inventory intensity with tax avoidance. In addition, sales growth did not effect the influence between fixed asset intensity tax avoidance, and unable to moderate the influence between inventory intensity with tax avoidance.

The Dimensions of Corporate Social Responsibility and Customer Loyalty of Consumer Goods Companies in Nigeria

This research examined the effects of the dimensions of corporate social responsibility on customer loyalty of consumer goods companies in Nigeria. The quantitative and ex post facto research designs were found appropriate for the study. Secondary source of data collection via panel data was collected using corporate social responsibility checklist and by extraction from annual reports and accounts of listed consumer goods companies in Nigeria. Inferential statistics of multiple regressions were employed to attain the research objectives. Eviews 10 was the statistical package used for data analysis. The effect of corporate social responsibility towards the community on customer loyalty is positive and significant but this effect is insignificant with other dimensions of corporate social responsibility. The results also showed a positive and significant effect of company size on customer loyalty but this effect was insignificant with age of the company and leverage. The paper recommends that consumer goods companies in Nigeria should embrace corporate social responsibility towards the community if they wish to reap benefit of customer loyalty.

ANALISIS PENGARUH RASIO KEUANGAN TERHADAP RETURN SAHAM PADA PERUSAHAAN CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2014

This study is entitled Analysis of the Effect of Financial Financial Ratios on Stock Returns on Consumer Goods Companies Listed on the Indonesia Stock Exchange in 2012-2014. The purpose of this study is to determine whether the variable Current ratio (CR), Debt to Equity Ratio (DER), Earning per Share (EPS), and Total Asset Turn Over (TATO) affect the stock return. The analytical tool used is multiple linear regression, t test, F test, and R2. T test results prove that the CR variable has no effect on stock returns with a probability value of 0.9755, the DER variable has no effect on stock returns with a probability value of 0.9442, the EPS variable has an effect on stock returns with a probability value of 0.0049, and TATO has no effect on stock returns with a probability value of 0.9809. The test results with the F test prove that the variables CR, DER, EPS, and TATO simultaneously have no effect on stock returns with a probability value of 0.050589. The R2 test result, 0.278689, shows that the dependent variable of stock returns can be explained by the independent variables CR, DER, EPS, and TATO by 27.8% while the remaining 72.2% is explained by other variables not examined in this study.

Prioritization of sustainability indicators using regression analysis: A case study

Abstract Sustainability helps us satisfy to the current needs without obstructing future generations to meet their demands. The idea of sustainability is composed of three pillars - economic, environmental and social, also known as triple bottom-line of sustainability. Sustainability emerged as a part of corporate ethics in response to perceived public discontent over the long-term harm originated by the focus on short-term gains. This study focuses on determining the influence of various sustainability indicators used by major Fast Moving Consumer Goods (FMCG) companies. The future for the FMCG sector is very bright due to its inherent capacity and favourable changes in the environment. The sustainability indicators namely CO2 emission, energy consumption, water consumption and the percentage of female employees have been examined in this study. The data was gathered from sustainability reports of the case companies, and classified based on the triple bottom-line of sustainability. Multivariate regression analysis approach was used to assess the influence of these indicators. Various models were tested by different hypothesis tests to understand the significance of the sustainability indicators in this study. The regression analysis suggests that among the four sustainability indicators namely total electricity consumption, total water consumption, total CO2 emission and female employee %,the indicator that does not affect the total production is female employee (%)

Effect of capital structure and sales growth on firm value with profitability as mediation

This study aims to examine and analyze the effect of capital structure with the Debt to Equity Ratio proxy, sales growth with Sales Growth proxy and profitability with Return on Asset proxy on firm value with direct and indirect Price Book Value proxy using Return on Asset as a variable intervening. This study uses secondary data sourced from annual reports of 51 Consumer Good industrial companies listed on the Indonesia Stock Exchange for the period 2013-2018 as population. The sample selection is made by a purposive sampling technique that is the existence of certain criteria which are used as the basis for the selection of research samples. The results of the study are DER significant negative effect on ROA, SG significantly positive effect on ROA. DER does not affect PBV. SG has a significant positive effect on PBV. ROA can act as a mediator of the influence of DER, SG, and DPR on PBV.

Effects of corporate social responsibility for environmental, social, and governance sectors on firm value: a comparison between consumer and industrial goods companies

Effects of corporate social responsibility for environmental, social, and governance sectors on firm value: a comparison between consumer and industrial goods companies

Productivity Improvement in a Vegetable Canning Manufacturing Facility

This paper investigates current productivity levels of baked beans in a fast manufacturing consumer goods (FMCG) company. The market demand for baked beans on average has increased by 14% year on year over the past two to three years. This growth was unexpected and was unplanned for, hence equipment was utilized to maximum capacity, at times ignoring maintenance issues. The outcome of this approach was a major concern of unplanned stoppages on the production line. The canning process has manual activities such as soaking and sorting. Blanching is semi¬automatic while filling and seaming are fully automated. The filling station was identified as the bottleneck station due to its slow speed (145 cans/minute) as compared to the seamer (200 cans/minute). The major objective of this study was to evaluate how the productivity of the canning process was achieved. Efforts were made to increase the output of soaking, sorting and blanching. This led to the reduced cycle time of the filler and the elimination of sources of contaminations. Industrial engineering tools such as autonomous maintenance, total productive maintenance, total quality management and some of the 20 keys were used to improve the plant’s production output. This paper contributes to the theory of productivity improvement and to industry practitioners it highlights challenges faced when improving productivity.

Effects of Corporate Social Responsibility and Managerial Ownership on CorporateValue(Evidence from Consumer Goods Companies Listed on Indonesian Stock Exchange during 2015-2019)

This research aimed to determine the effect of Corporate Social Responsibility and Managerial Ownership on Corporate Values simultaneously or partially. Data were collected using a purposive sampling method on manufacturing companies in the consumer goods industry sector listed on the IDX during 2015-2019. The population covered 34 companies, 24 of which were chosen as the samples due to meeting the specified criteria. Corporate Social Responsibility in this research was calculated by Corporate Social Disclosure Index while management ownership was obtained by knowing the percentage of share ownership by boards of managers. Corporate values in this research were calculated by the value of Tobin's Q. The results of this research indicate that Corporate Social Responsibility and Management Ownership simultaneously did not affect corporate values. However, partially, Corporate Social Responsibility had a positive effect on corporate values while managerial ownership did not affect corporate values.

Materials Management and Productivity of Fast Moving Consumer Goods Companies in Nigeria: A canonical Correlation Approach

In this paper, the effect of material management on productivity level of fast moving consumer products enterprises in Nigeria was assessed. The survey design was employed and questionnaire was the major instrument of data collection designed via two material management dimensions (raw materials and work-in- progress) and productivity dimensions (material efficiency and yield). Questionnaire were administered to three hundred and seven (307) respondents and data obtained were analyzed using Canonical correlation. Results of canonical correlation analysis revealed that the combination of material efficiency and yield (productivity proxies) had a statistically significant relationship on sets of material management being measured by raw material and work-in-progress. The study concludes that improvement in material management will increase the productivity of FMCG companies in Nigeria. Given the results of the study, improvements in material management is needed such that material requisition and conversion units should ensure that required materials for production of goods are those put into the production process in order to realize efficiency of production and superior yield of finished goods by fast moving consumer products organizations. In addition, fast moving products companies should ensure maintenance of optimum level of material resources in its store room and reduce unhealthy practice in material usage that are pivotal to reducing productivity.

Financial Distress, Bankruptcy Analysis and Implications For Stock Prices of Consumer Goods Companies in Indonesia

Penelitian ini bertujuan untuk menganalisis financial distress dan kebangkrutan melalui metode Altman Z-Score serta pengaruhnya terhadap harga saham pada perusahaan barang konsumsi yang terdaftar di Bursa Efek Indonesia untuk periode 2012 hingga 2017. Pengambilan sampel ditentukan dengan teknik purposive sampling sedangkan pengolahan data dilakukan melalui perangkat lunak Eviews dan Microsoft Excel. Hasil penelitian menunjukkan bahwa kebangkrutan hanya terjadi di Indofarma Tbk (INAF) pada tahun 2017. Secara bersamaan, Z-score memiliki pengaruh yang signifikan terhadap harga saham dan hasil regresi data panel mengkonfirmasi bahwa Pendapatan Sebelum Bunga dan Pajak (EBIT) terhadap Total Aset memiliki pengaruh signifikan dengan kontribusi 38,25% terhadap harga saham. Keywords : Financial Distress, Harga Saham, Altman Z-Score

ANALYSIS OF SUPPLIER SELECTION OF CORN STARCH RAW MATERIAL FOR CREAMER PRODUCTION ON KOPIKO AND TORABIKA ITEMS USING THE ANALYTICAL HIERARCHY PROCESS (AHP) METHOD (Case Study Of PT. Mayora Indah Tbk)

This thesis is compiled to analyze supplier selection in Mayora Group, which is a Fast Moving Consumer Goods (FMCG) company, with the object of research using Corn Starch as raw material for making glucose creamer on Kopiko and Torabika items. Based on the criteria that have previously been used by the company, the researcher develops the criteria, sub-criteria for supplier selection and supplier classification as well as consistency test from respondents’ answers based on the level of experience and competence of the 4 departments related to the procurement process of raw material imports so that priority suppliers are selected from the current existing suppliers. The determination of supplier selection criteria is calculated based on the weight of the criteria. This criterion weighting is applied through the Analytical Hierarchy Process method. Based on the results of the study, 7 criteria are obtained for the supplier selection, in order of the highest to the lowest priority: Quality, Price, Document Completeness, Delivery, Service, Company Condition, and Geographical location. The value of consistency ratio (CR) in the pairwise comparison matrix of the criteria, sub-criteria, and alternatives of the results of the respondent’s questionnaire answers is within the tolerance limit, so that it is included in the valid and consistent category.

Emergence of New Marketing Distribution Strategies: A Call for A Paradigm Shift

The purpose of this research is to empirically formulate new distribution strategies that can service the fast moving consumer goods industry and the service industry as a whole. Inspiration was drawn from the orthodox distribution strategies (intensive, selective, and exclusive) currently used in the service industry. To approve its empirical efficacy the study is set also to determine the impact of these new strategies on sales performance. The study is implemented through a two-stage process of literature review and empirical survey. Evidence was drawn from Ghanaian fast moving consumer goods industry. Sstructured questionnaire was used to gather data from 415 randomly sampled members in the target population. The data obtained were processed using SPSS version 24. Multiple regression analysis was also used to assess its impact on sales performance. The study revealed that inten-electro aggressive strategy with an average mean of 4.02 is the most adopted strategy by the Fast-Moving Consumer Goods Companies followed by selec-electro aggressive distribution strategy(average mean of 3.81) and exclu-electro aggressive distribution strategy(average mean of 3.74) in that order. The study again revealed that there is a positive significant relationship between inten-electro aggressive strategy and sales performance ( = .490, p< 0.05). This newly propounded strategy (inten-electro aggressive strategy) is proven to have a significant impact on sales performance in the fast moving consumer goods industry understudy. Thus, inten-electro aggressive strategy has a moderate positive relationship with sales performance. The statistical implication is that, holding all other variables constant, inten-electro aggressive strategy induces 49.0 % change in sales performance of the fast moving consumer goods firms understudy. Thus, this result proves that a unit change in the effective execution of this strategy will induce 49.1% change in sales performance. In other words when inten-electro aggressive strategy is improved by 1%, sales will be improved by 49.0 percentage change. The significance level of this outcome according to the study results was 0.00 which is less than 0.05 indicating that the variance between the two variables in question was significant. The result again proves that exclu -electro aggressive distribution strategy, impact positively on sales performance. It poses as a reasonable positive inclination to sales performance; thus ( = .595, p<0.05), Thus, holding all other variables (InEADS & SeEADS) constant, Exclu -electro aggressive distribution strategy causes 59.5 % change in sales performance. This result proves that a unit change in the efficacy of exclu -electro aggressive distribution strategy in will induce 59.5% change in the company’s sales. The significance level of this outcome in reference to the study results was 0.000 which is less than the standard value of 0.05 indicating that the variance between the two variables in question was significant. Selec-electro aggressive distribution strategy has a positive significant impact on sales performance thus ( =.532, p< 0.01). It can be said therefore that any improvement made in selec-electro aggressive distribution strategy, will cause sales performance of FMCG companies to increase by 53.2 %.

The Effect of Profitabilty, Debt Policy and Firm Size on Company Value in Consumer Goods Companies

Investor's perception of the company will be seen through the company's performance which is reflected by the Company's Value. High company value will increase the bargaining power of the company and provide added value for shareholders and investors who want to invest in the company.The objective of the research was to examine and analyze the influence of Profitability Ratio (Gross Profit Margin/GPM, Operating Profit Margin/OPM, Net Profit Margin/NPM, Return On Assets/ROA, Return On Equity/ROE), Debt Policy (Debt Equity Ratio/DER) and Firm size (Assets Size) on the Company Value (Price Earning Ratio/PER) in consumer goods companies listed in the Indonesia Stock Exchange. The research used causal research method and secondary data. The population was 47 consumer goods companies listed in the Indonesia Stock Exchange in the period of 2015-2017, and 23 of them were used as the samples, taken by purposive sampling technique. The data were analyzed by using multiple linear regression analysis. The results showed that simultaneously Gross Profit Margin (GPM), Operating Profit Margin (OPM), Net Profit Margin (NPM), Return On Assets (ROA), Return On Equity (ROE) and Debt Policy (Debt Equity Ratio / DER) significantly influence the Company Value (Per Earning Ratio / PER) with a calculated F value of 0,000. Partially, Gross Profit Margin (GPM) and Company Size (Assets Size) have a significant effect on Company Value (PER), with a t value of 0,000, while Operating Profit Margin (OPM), Net Profit Margin (NPM), Return On Assets (NPM) ROA), Return On Equity (ROE) and Debt Policy (Debt Equity Ratio / DER) have no effect on the Company Value (Per Earning Ratio) with t count values of 0.89, 0.831.0.757.0.864.0.827, respectively. With R Square 0, 348 = 34.8%, meaning that only 34.8% of the variables studied could affect the value of the company while 62.2% is influenced by other variables that were not researched.

Analysis of Size, Return on Assets, Debt to Equity Ratio, and Total Asset Turnover Against the Value of Companies in Large Trade Sector Companies in Production and Consumer Goods Listed on the Indonesia Stock Exchange

This study aims to determine the Size, Return on Assets, Debt to Equity Ratio and Total Asset Turnover of FirmValue in Large Trade Sub-Sector Companies in Production and Consumption Goods 2013-2017. The sampling technique uses purposive sampling method. The population in this study were 37 companies and the samples used were 10 large trading companies producing and consuming goods listed on the Indonesia Stock Exchange. The method used in this study is the method of hypothesis testing (Hypothesis Testing). The data used are secondary data in the form of reports complete finance for the 2013-2017 period. The analytical tool used in this study is multiple linear regression analysis and tested using the Statistical Package for the Social Science (SPSS) Version 20.0 and Microsoft Excel 2010. The results of the research show that Return on Assets have a significant effect on Company Value, while size, Debt to Equity Ratio and Total Asset Turnover does not have a significant effecton Company Value.

HOW ADJUSTMENT COST RELATE WITH STICKINESS COST?

This study aims to analyze stickiness cost and how the adjustment cost affects stickiness cost. Equity intensity is used as a proxy for measuring the adjustment cost. The population of this research is consumer goods company listed on the Indonesia Stock Exchange in 2014-2015, there are 24 companies that became the sample of this study. This research used multiple linear regression to analyze the data. The results showed stickiness cost in consumer goods companies. Further equity intensity is an indicator that can indicate a condition or characteristics of an organization or company that can be used to predict stickiness cost.

People as an essential tool for considering ethics in the product lifecycle

This paper explores the vital engagement of people at different stages of the product lifecycle. The incorporation of human values in the creation of empathy allows for ethics to be considered across the design and make process. A case study approach was adopted utilising data obtained from two large consumer goods companies. From this, a relationship was found to lie between the involvement of people as active participants and the creation of empathy. These empathetic values consequently facilitated the consideration of a responsible approach to be implemented. Conclusions show that during the design process people create added value with a participatory approach, whilst during production consumers become prosumers in consumer-led innovation to help drive forward an ethical agenda.

Competitive Position of the Most Admired Companies 2018 in Consumer Goods Categor

The Warta Economic Intelligence Unit (WEIU) conducts research in 2018.The research team uses the desk research and quantitative research methods. This research produces the names of companies with the highest awareness and the best image based on the perceptions of respondents as the desired company. Referring to (1) the opinion of David (2016:11), obtaining and maintaining competitive advantage is very important for the long-term success of the organization. (2)Solihin's opinion (2012:25) through strategic decisions made by company management, it will ensure the maintenance of the company's competitive advantage, so the researchers suspect that the success of the Consumer Goods companies in Indonesia Most Admired Companies (IMAC-2018) is due to the right strategy decisions. Regarding IMAC-2018 Consumer Goods Category, this study aims to identify and analyze competitive positions based on financial performance in the Consumer Goods industry, 2)formulate strategies that can be carried out to improve competitive positions in the Consumer Goods industry. To achieve this goal, the research approach used is a combination of qualitative and quantitative approaches with a strategic management design model. The data used in this study are secondary data, namely the financial statements of consumer goodscompany in 2016, 2017 and 2018. This research was conducted in the Top Five Indonesia Most Admired Companies 2018 in Consumer Goods Category, namely PT Garuda Food, PT GudangGaram, PT Nestlé Indonesia, PT Indofood and PT Unilever Indonesia.The results show that 1)the financial performance of PT Unilever Indonesia, shows the best position compared to the others. 2)the strategies chosen based on competitive conditions are aggressive and defensive strategies.

Quantitative Analysis of Key Performance Indicators of Green Supply Chain in FMCG Industries Using Non-Linear Fuzzy Method

Nowadays, along with increasing companies’ activities, one of the main environmental protective tools is green supply chain management (GSCM). Since fast-moving consumer goods (FMCG) companies are manufacturing materials that usually require special warehousing as well as different distribution systems, and since companies of food products tend to fall into this area, the safety of their manufactured materials is a vital global challenge. For this reason, organizations in addition to governments have realized the importance of the green supply chain in these industries. Therefore, the present study examines the key performance indicators (KPIs) of the green supply chain in the FMCG industry. There are several performance indicators for the green supply chain. In this study, the KPIs were extracted based on the literatures as well as the opinions of experts through which key indicators in FMCG industries were identified. Using the fuzzy decision -making trial and evaluation laboratory (DEMATEL) method, the relationships and interactions of these key indices were determined. Moreover, a fuzzy nonlinear mathematical modeling was used to investigate the significance of these indicators. It is revealed that the organizational environmental management factor has the highest priority.

PENGARUH SALES GROWTH, CURRENT RATIO, FIRM SIZE, DAN RETURN ON ASSETS TERHADAP STRUKTUR MODAL PADA PERUSAHAAN CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016

Capital structure is permanent financing consisting of long-term debt, preferred stock and stockholders's equity. Companies in determining the capital structure needs to consider and pay attention to the many variables that influence directly for capital structure decisions will affect the condition and value of the company and to determine the company's ability to survive and thrive. The research is used a quantitative research approach. This type of research is used quantitative research and the nature of this research is causal relation research. The research samples is used purposive sampling technique consisting of 25 consumer goods companies. The research simultaneously showed that sales growth, current ratio, firm size, and return on assets had a significant effect on capital structure of consumer goods companies listed on the Indonesia Stock Exchange for the period 2012-2016. The research partially showed that sales growth did not have any significant effect on capital structure, current ratio and return on assets had negative and significant effect on capital structure, and firm size had positive and significant effect on capital structure.