Share Of Companies Research Articles

The Effect of an Increase in ESG Risk Value on Share Prices

Public companies listed on the Indonesia Stock Exchange (IDX) are assessed by an independent party, namely Morningstar Sustainalytics (MS). The assessment submitted to the public is related to the ESG risk score of public companies on the IDX. This study aims to see whether the ESG risk value information also affects investors' assessments of the company, which is proxied by the company's share price. This study was conducted to see if there was a significant difference in average share prices 3 days before and 3 days after information about the increase in ESG risk values provided by the IDX. The study was conducted using the paired sample t-test statistical method on samples both of all companies sample and companies per risk group (low, medium, high, and severe) sample. The results of the study on the overall sample showed no significant difference in stock market prices before and after the information on the increase in ESG risk value. The results of this study are expected to show investor attention regarding the information of ESG, which will provide suggestion for the IDX to support with a more superior information.

Internal Control Quality and Boardroom Backscratching.

In modern firms, conflicts may arise between the chief executive officer and board of directors due to the separation of ownership and operations. Such conflicts may weaken listed companies' performance in the short term or affect their development in the long term. Using data on Shanghai and Shenzhen A-share listed companies from 2013 to 2022, this study empirically examines the impact of internal control quality on boardroom backscratching. We find that internal control quality significantly mitigates boardroom backscratching by reducing agency costs and increasing analyst attention. This effect is more significant in firms where the management holds less power and the product market is highly competitive. Furthermore, the mitigating effects of internal control quality on boardroom backscratching effectively reduce the risk of the company's share price collapsing. Overall, this study enriches the literature on boardroom backscratching and internal control quality, and provides valuable references for stakeholders, including listed companies, to improve firm governance efficiency and, thus, maintain the stability of capital markets.

Porous biochars derived from brewery waste for the treatment of Cr(VI)-contaminated water.

The use of brewery waste for the removal of pollutants such as chromium has rarely been studied. In the present work, the removal of hexavalent chromium (Cr(VI)) from aqueous solutions was evaluated by brewer's spent grain (BSG), brewing sewage sludge (BSS), and their mixture (MIX), which were obtained from the Bedele Brewery Share Company, Ethiopia. BSG with acid and heat treatment at 600 °C was selected during the preliminary screening experiments and further characterized via FTIR, XRD, and SEM. An adsorption experiment was carried out in batches to study the effectiveness of adsorbents in removing Cr(VI) under different conditions. Factors affecting adsorption, including pH, contact time, adsorbent dosage, and initial Cr(VI) concentration, were analyzed and optimized. The best conditions for the highest efficiency in removing Cr(VI) were a contact time of 7 h, initial solution pH of 2, initial Cr(VI) concentration of 40 mg/L, and adsorbent dose of 2 g/L. The pseudo-second-order (PSO) model, which suggests chemisorption of Cr(VI) on the surface of the adsorbent, describes the kinetics of Cr(VI) removal by the adsorbent (R2 = 0.9570). The Freundlich isotherm was a good fit for the experimental equilibrium adsorption data. The BSG biochar was found to have an approximate adsorption capacity of 31.87 mg/g for Cr(VI). The ability to recycle adsorbents suggests that BSG biochar could be effectively used to treat Cr(VI) in wastewater. As a result, converting industrial waste into useful material is cost effective and beneficial for the protection of the environment. More research is recommended to study how well this adsorbent works in real wastewater samples and during the column adsorption process.

Connecting the Computer Skills with General Performance of Companies—An Eastern European Study

In the current era, the economic model that measures the dependence of the training offered by companies to their employees on certain variables allows for identifying the steps taken on account of digital transformations, given the fact that companies want to be competitive, to develop sustainably and the positive effect to it spreads globally. However, how digital transformation contributes remains unclear in both the literature and practice. Five descriptors of information on the economy in relation to the digital economy were extracted from the Eurostat database, and data on eight Eastern European countries in the period 2012–2020 served as primary data in the analysis. A generalized linear model was used as a statistical tool to infer the data series. Following the statistical regression analysis, it was found that the variable measuring the share of companies that offered training for the development/improvement of information and communication technology (ICT) skills is influenced by the combined effect of several other variables: ‘country’, ‘country × year’, ‘country × share of ICT personnel in total employees’, year × “share of ICT sector in GDP”. Based on the results, we noticed that the studied countries are included in two groups with distinct features, which influence the obtained GLZ model, showing the increase in the dependency effect or, on the contrary, the decrease in this effect.

Assessing the innovation climate of the region in the formation of innovative development programs

Subject. The article addresses economic and managerial relations arising in the process of building the innovative climate of the region. Objectives. The study aims to develop methodological provisions for assessing the innovative climate of the region in the formation of innovative development programs. Methods. We employ methods of systems analysis, comparison, abstraction, synthesis, generalization, structuring, and formalization. Results. We analyzed the existing methods for assessing the innovation climate in the region, proposed methodological provisions for this purpose. Our own algorithm to assess the innovation climate in the region considers stages of formation of innovative development programs. The paper offers a methodological approach to innovation climate assessment from a regional perspective. Conclusions. The formation of a favorable innovation climate in the region enables to enhance its competitiveness, improve the socio-economic situation, increase the share of domestic companies in the high-tech markets, ensure the implementation of innovative programs. Regular assessment of innovation climate is an essential procedure within the framework of managing the innovative development of the region.

Increasing labour productivity by providing innovative activities in when repair and service sector in livestock industry

At present, the Russian Federation and the Republic of Belarus are significantly behind the developed countries in terms of labor productivity and the share of domestic companies implementing technological innovations in the main sectors of the economy (especially in agriculture). One of the significant factors of this lag is the underestimation in past years of the promising potential of various innovative technologies and, as a consequence the very limited and slow implementation of breakthrough innovations in the most signifi cant sectors of the domestic economy. The decisive turn of the state economic policy of neighboring states in the area of deep technological transformation of all sectors of the economy is aimed at an innovative breakthrough and reaching advanced growth rates in the technological and economic development of fraternal countries. However, along with the introduction of the latest technologies the creation of completely new modern high-tech industries, which will require colossal fi nancial investments, the task of comprehensively and thoroughly exploring internal production reserves, searching for new forms and methods of improving the effi ciency of labour organization at existing enterprises, which will also bring a noticeable economic effect, remains relevant. This article describes in sufficient detail practical activities to improve and streamline accounting, planning, certifi cation, rationalization of workplaces of animal husbandry technical service organizations under the current conditions of the developing market. The results of the studies show that certifi cation and rationalization of workplaces are eff ective tools in fi nding internal production reserves to improve the use of labour resources, fi xed production assets, promotes the replacement of obsolete equipment, improves the relationship between workplaces, improves working conditions, and optimally balances the need for labour with the number of existing workplaces. This will significantly increase the overall efficiency of activities and competitiveness of service enterprises in the fi eld of animal husbandry.

Effect Of Profitability and Good Corporate Governance On Firm Value With Corporate Social Responsibility As An Intervening Variable

The company was founded with a goal, one of which is to improve the welfare of its shareholders. By increasing the company's share price, the company's value in the eyes of investors will also increase. The value of a company can be seen from the Tobin'Q ratio. Companies registered in LQ 45 have quite high company value. The aim of this research is to analyze the influence of profitability and GCG on company value through CSR as an intervening variable. This research is a type of associative research with a quantitative approach. The object of this research is the LQ 45 company listed on the IDX for the 2018–2022 period. Sampling in this study used a purposive sampling method and 20 companies were found that met the sample criteria. This research uses secondary data in the form of Sustainability reports and company annual reports. This research uses the path analysis method using SPSS as an analysis tool. The results of this research show that: (1) Profitability has a positive and significant influence on company value. (2) GCG has a positive and insignificant influence on company value. (3) CSR has a significant positive influence on company value. (4) Profitability has a positive and significant influence on company value throught CSR. (5) GCG has negative and insignificant influence on company value throught CSR.

Fundamental VS Makro Ekonomi on Stock Price : Indonesian Stock Exchange (IDX)

Geopolitical tensions especially those occurring in the Middle East, have significantly impacted the world economy. This impact was also felt by the Indonesian state, which impacted company share prices which experienced a decline due to geopolitical tensions, including the banking sector. Apart from geopolitical tensions, several other factors, such as the company's fundamental factors, also influenced the decline in share prices. Fundamental factors play an important role in determining a company's share price. These factors refer to various elements and variables that reflect the company's financial condition, operations, and prospects. So quite a few investors use fundamental analysis to assess whether current share prices reflect the company's true intrinsic value. This study seeks to reassess the elements affecting banking share prices by incorporating macroeconomic control variables related to these concerns to enhance the robustness of the findings. Utilizing a quantitative approach through panel data regression, the research focuses on banks listed on the Indonesia Stock Exchange from 2019 to 2023, with a sample of 16 companies meeting the selection criteria. The results reveal that Debt Equity Ratio (DER), Return On Assets (ROA), Return On Equity (ROE), GDP, inflation, and exchange rates collectively have a positive and significant impact on stock prices. However, when analyzed individually, only ROE and exchange rates show a significant effect, while DER, ROA, GDP, and inflation do not.

Why Do Companies Share Buybacks? Evidence from the UK

We examine the key drivers behind management decisions on share repurchase from various theoretical perspectives, including the free cash flow theory and the signaling theory/hypothesis. Specifically, we investigate the relationship between share repurchase and three key drivers: surplus cash, undervaluation, and leverage, along with several control variables. Using a sample of UK-listed non-financial companies from 2012 to 2022, we apply logistic regression, standard OLS regression, and Tobit regression to identify the factors influencing share repurchase. Our findings reveal that firms repurchase shares to distribute cash to shareholders with surplus cash and Surplus investing cash flow. This study also finds that undervalued smaller firms with lower market-to-book ratios and lower leverage are more likely to repurchase shares. Our study highlights the key factors motivating companies’ share repurchases, such as undervaluation, surplus cash, and leverage, examined from various theoretical perspectives, including the free cash flow theory and signaling theory. Focusing on the UK context, as well as adding a new angle in regard to applying logistic regression, standard OLS regression, and Tobit regression in combination, this research contributes to the existing body of knowledge in corporate finance. The outcome of the study has plausible implications for financial managers and investors in selecting stocks. Its practical implications will help investors gain a better understanding of the factors and forces influencing share repurchase decisions.

ВИКОРИСТАННЯ ВІДКРИТИХ ДЖЕРЕЛ ІНФОРМАЦІЇ ДЛЯ ВИВЧЕННЯ ДІЛОВОЇ РЕПУТАЦІЇ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ: ВІТЧИЗНЯНИЙ ДОСВІД

Economic transformations in the national and global economy and the spread of crisis phenomena are intensifying competition in the market. In today's environment, business entities have long realized that they cannot afford to delay and wait for the consequences when faced with a deterioration or loss of business reputation among a certain circle of contact groups. In addition, it should be borne in mind that there is a dynamic growth of the Internet audience and a clear shift of communications to the online sphere. Therefore, business reputation plays an important role in the stable position of business entities, which allows them to maintain the level of demand for their products, maintain business relations, attract investments, etc. In addition, business reputation is an important element for business entities today, as it is important primarily for society, as it is the main and impartial subject of its assessment. Business reputation is a full-fledged intangible asset, and therefore the formation, management and use of it as a tool to ensure competitive advantages in the market in a highly competitive environment is becoming increasingly important. At the same time, the operation of any business entity, from the moment of its foundation, forms its reputation in the market among buyers, suppliers, investors and other counterparties. A positive business reputation contributes to the rapid development of an enterprise by increasing the number of potential customers, increasing sales, and, consequently, the company's share in the total market capacity. Thus, the concept of "business reputation" is not abstract, as it is primarily characterized by positive effects in the course of its activities and is accompanied by the corresponding costs of its formation and maintenance at a certain level. Under such conditions, it can be argued that the development and application of effective methods of constructing reputation in accordance with the goals and objectives of reputation management is of strategic importance in the activities of a business entity. And the main task of the top management of any business entity is to form an effective mechanism for managing reputational assets at each stage of the business life cycle, which will ultimately allow achieving a competitive advantage in the market and, as a result, stable functioning in the future.

Analyzing YG Entertainment's Financial Impact: Addressing Brand Image Decline and Solutions

This research explores the impact of YG Entertainment's strategy in 2019 on the company's financial condition and image after a series of problems involving its artists in 2019. YG Entertainment, a prestigious South Korean entertainment company, faced major challenges, including prostitution-related controversies, drug scandals, and tax problems. These problems caused a decline in the value of the company's shares and raised concerns among investors and fans. This research aims to investigate the strategies implemented by YG Entertainment to recover from financial losses and assess the effect of these solutions on the company's financial condition. In addition, this research aims to measure the magnitude of losses experienced by YG Entertainment and the extent of financial recovery after implementing the strategy. Next, this research explores the importance of brand image in influencing the financial condition of entertainment companies. The research findings serve as a source of knowledge for readers who want to understand real cases of how companies overcome crises and their sequential impacts. For the author, this research contributes to knowledge and learning in exploring the dynamics of the entertainment industry which is full of challenges. Further research explored the problems faced by YG Entertainment in 2019, with scandals involving prominent artists. The impact of this problems on the company's share value and market capitalization is discussed, showing the seriousness of the challenges faced by the entertainment giant. YG Entertainment's solution involves the debut of a new boy band, re-planning the presence of artists who have been absent for a long time, and renewing contracts. Research shows that this strategy produces a positive response.Overall, this research provides valuable insight into the dynamic relationship between brand image, financial condition, and crisis management in the entertainment industry, using YG Entertainment as a case study.

Increasing Capital of Share Companies under Ethiopian Law

Increasing Capital of Share Companies under Ethiopian Law

Making inroads in the Indian AI imaging market

Research methodology This case study involves interviews with radiologists of various hospitals and with company personnel. Both primary and secondary data sources have been used. The first-hand perspective from the radiologists highlighted the challenges they face concerning time and the patient load. The company personnel highlighted using machine learning for used cases to make the platform more robust and accurate. This case has been tested with MBA students. Case overview/synopsis An emerging health-care artificial intelligence (AI) start-up, DeepTek.AI, wants to expand its reach in the radiology market. The company intends to leverage technology to assist radiologists in diagnostics. India's health-care sector faces the challenge of needing more trained doctors and nurses to meet the ever-increasing needs of patients. This case study revolves around the radiologists' concerns about implementing the new technology and its ease of use. The features and benefits of integrating AI in diagnostics are the need of the hour, but the reliability of results needs to be ascertained for adopting it. Complexity academic level This case was written for marketing applications and practices, trends in marketing, marketing strategy and technology adoption in marketing courses at the post-graduate level. Consumer adoption of finance, hospitality, travel and health-care technology is vital for increasing the company's market share and growth prospects. The students will have an opportunity to understand the challenges and the opportunities.

Strategic Management of Clean Energy Investments: Financial Performance Insights by Using BWM-based VIKOR and TOPSIS Methods

Market share of renewable energy companies increases with the increase in green-energy production. Companies increase their investments depending on the increase in energy production and can provide capital by offering the company to the public. Companies are traded in the exchange market in order to fund their increasing investments and access a large investor base. The increase in the market values of clean energy companies in recent years draws attention of investors. The study aims to identify key financial indicators that influence company growth and investment value by analyzing companies listed in the S&P North America and Europe Clean Energy Index. Therefore, the study evaluates the financial performance of clean energy companies using Best-Worst Method (BWM)-based VIKOR and TOPSIS methods to provide investors with a comprehensive assessment of investment opportunities in the clean energy sector. Also, the comparison of the two methods will contribute to the literature. The sample of this study consists of 10 big companies in S&P North America and Europe Clean Energy Index. Financial tables and exchange market data of the companies for the years 2019, 2020, and 2021 were used in this study. Remarkably, the analysis findings of the two methods differ from each other. The findings reveal significant insights into the financial health and growth potential of clean energy companies, offering valuable guidance for future.

Analysis of Motivation and Financial Effects of Stock Repurchase by Listed Companies Based on Tencent Holdings

With the gradual improvement of various systems in China's securities market, the advantages of stock buybacks have emerged, and the research object of this paper is the stock buyback event of Tencent Holdings in 2022. Through a comparative study of the financial data of Tencent Holdings, it is found that the motivation of Tencent Holdings' share repurchase includes (mainly potential motivation) the following, i.e., to improve the stock price, to improve the earnings per share, to optimize the capital structure of the enterprise, and to make full use of the cash flow. Tencent Holdings attempts to signal to investors that the company's share price is severely undervalued through share repurchases, attracting the attention of market investors, stabilizing and enhancing the share price, and increasing the overall market value of the enterprise. After analyzing the relevant financial indicators, this paper finds that share buybacks have no impact on Tencent Holdings' good solvency and profitability, which can enhance its operating capacity, and have not affected its shareholding structure. Against this background, this paper focuses on the motivation of Tencent Holdings' large-scale share buybacks on the Hong Kong Stock Exchange, as well as the chain reaction after the buybacks, and whether it can bring a positive financial effect to the enterprise is of significant significance to the maintenance of the listed company's market capitalization.

A Review on Added Value in Property Business Strategy Development

Business strategy is a choice made by executives in determining target markets to win the market by maximizing long-term value. Listed property companies strive for business strategies by creating differentiated value propositions through company capabilities. Competing companies will also make similar efforts to win sustainable competition through developing consistent and sustainable business strategies. Shares of property companies are an important value to pay attention to considering that stakeholders, especially shareholders, investors, and owners expect portfolio value from property products related to added value. This research aims to find out, how to develop business strategies related to added value in property companies listed on the Indonesia Stock Exchange and included in the LQ45 index. This research uses a descriptive approach with a mixed concurrent research method and data collection using observations, questionnaires, in-depth interviews, and documentation studies from the top five property companies over 3 consecutive years. The research findings were that the development of the business strategy chosen by respondents was an effort to attract investors, retain investors, and increase wealth for investors with the main added value being increased flexibility, cost efficiency, and risk control in addition to other added values. An interesting thing to examine from this research is the development of property company business strategies for apartment products that prioritize investors related to three of the seven elements of added value. Keywords: added value, strategy development, property business

The Impact Ratio Finance, Role of Cash Flow As Moderating Variable, Property Industry Stock Prices

The purpose of this research is to examine (1) various elements that can influence the share prices of companies listed on the Indonesia Stock Exchange (BEI) and (2) whether free cash flow affects the share prices of property companies listed on the BEI. From 2018 to 2022; and (3) Do Current Ratio, Return On Equity, Debt to Equity Ratio, Earning Per Share, and Cash Flow simultaneously influence property company share prices on the IDX? and (4) Financial reports for 2018–2022 from eleven companies listed on the IDX are used as secondary data and samples.Method: Sampling was carried out purposively, and multiple linear regression analysis was used with the SPSS application to explain the data. Research and data analysis show that EPS has a significant effect and influences share prices, and several variables influence share prices positively or negatively. Likewise, free cash flow moderates the DER and EPS variables compared to share prices. The conclusion and implication of this research is that EPS has a positive and significant effect on stock prices. Furthermore, the mediation results show the Sig DER value and the Sig EPS value on share prices, which means that cash flow significantly moderates DER and moderates EPS on share prices.

Effect of Corporate Governance on Dividend Policy of Nepalese Insurance Companies

This study investigates the effect of corporate governance on dividend policy of Nepalese insurance companies. Dividend payout ratio and dividend per share are the dependent variables. Similarly, board size, female directors, number of independent directors, operating expenses and total asset are selected as independent variables. The study is based on secondary data of 15 Nepalese insurance companies with 102 observations for the period from 2013/14 to 2021/22. The data were collected from the annual reports of respective insurance companies. The correlation coefficients and regression models are estimated to test the significant and importance of different corporate governance variables on the dividend policy of Nepalese insurance companies. This study shows that the board size has a positive impact on dividend payout ratio and dividend per share. It indicates that increase in the number of board members leads to increase in dividend payout ratio and dividend per share in Nepalese insurance companies. Likewise, female director has a positive impact on dividend payout ratio and dividend per share. This implies that higher the number of female directors in the board of a company, higher would be the dividend payout ratio and dividend per share. Similarly, the number of independent directors has a positive impact on dividend payout ratio and dividend per share. It means that the increase in number of independent directors leads to increase in dividend payout ratio and dividend per share. Moreover, operating expenses has a positive impact on dividend payout ratio and dividend per share. This indicates that higher the operating expense ratio, higher would be the dividend payout ratio and dividend per share. In addition, total assets have a positive impact on dividend payout ratio and dividend per share. It indicates that increase in the total assets leads to increase in dividend payout ratio and dividend per share in Nepalese insurance companies.

Possibilities for increasing labour productivity by implementing innovative activities in the repair and service sector of animal husbandry

At present, the Russian Federation and the Republic of Belarus are signifi cantly behind the developed countries in terms of labor productivity and the share of domestic companies implementing technological innovations in the main sectors of the economy (especially in agriculture). One of the signifi cant factors of this lag is the underestimation in past years of the promising potential of various innovative technologies and, as a consequence the very limited and slow implementation of breakthrough innovations in the most significant sectors of the domestic economy. The decisive turn of the state economic policy of neighboring states in the area of deep technological transformation of all sectors of the economy is aimed at an innovative breakthrough and reaching advanced growth rates in the technological and economic development of fraternal countries. However, along with the introduction of the latest technologies the creation of completely new modern high-tech industries, which will require colossal financial investments, the task of comprehensively and thoroughly exploring internal production reserves, searching for new forms and methods of improving the efficiency of labour organization at existing enterprises, which will also bring a noticeable economic effect, remains relevant. This article describes in sufficient detail practical activities to improve and streamline accounting, planning, certifi cation, rationalization of workplaces of animal husbandry technical service organizations under the current conditions of the developing market. The results of the studies show that certification and rationalization of workplaces are effective tools in fi nding internal production reserves to improve the use of labour resources, fixed production assets, promotes the replacement of obsolete equipment, improves the relationship between workplaces, improves working conditions, and optimally balances the need for labour with the number of existing workplaces. This will significantly increase the overall efficiency of activities and competitiveness of service enterprises in the field of animal husbandry.

Emissions from Ethiopian clinker-producing cement factories and their impact on community well-being

In the realm of cement production, clinker-producing factories emerge as both energy and material-intensive entities, emitting a substantial array of primary pollutants into the environment compared to their non-clinker-producing counterparts. This study investigates the emissions from clinker-producing cement factories in Ethiopia and their impact on community well-being. We specifically focus on particulate matter (PM2.5 and PM10) and gaseous emissions (CO2, N2O, SO2) measured at various units within the cement factories and nearby residential areas. The study area includes major industry players such as Derba Cement plant, National Cement Share Company, Mugher Cement Enterprise, Ethio Cement P.L.C, Dangote Cement plant, Habesha Cement, and Pioneers Cement Share Company. The pollutants were measured using standard instruments, including the portable Aeroqual Series-500 Gas Sensor (S-500) for both particulate matters and gases, with sampling conducted from August 1, 2021, to January 30, 2022. We analyzed the potential health impacts of these emissions, particularly respiratory diseases, among different age groups. The findings underscore the urgent need for regulatory measures to mitigate cement particulate emissions and protect community health. Our study provides valuable insights into the environmental and health risks associated with clinker-producing cement factories in Ethiopia, contributing to the broader field of environmental science.