Experience Of Companies Research Articles

PENGARUH RASIO KEUANGAN TERHADAP FINANCIAL DISTRESS PADA PERUSAHAAN ENERGI DI BEI : PENDEKATAN MODEL GROVER

Financial distress is a condition in which a company experiences financial decline prior to bankruptcy. Identifying financial distress is crucial for investors to anticipate the risk of bankruptcy. This study aims to examine the effect of financial distress on financial ratios, specifically liquidity ratio, profitability ratio, and leverage ratio. The population consists of all energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Purposive sampling was used as the sampling technique, resulting in a total of 340 research samples. The dependent variable is measured on a nominal scale, categorized as 0 for non-financial distress issuers and 1 for financial distress issuers. Data analysis was conducted using descriptive statistics, multicollinearity tests, data quality assessments, hypothesis testing, and logistic regression analysis with IBM SPSS version 25 software. The results indicate that the Current Ratio has a significant negative effect on financial distress. Similarly, the Net Profit Margin also has a significant negative effect on financial distress. Meanwhile, the Debt to Equity Ratio has a significant positive effect on financial distress.

Strategic Management and Sustainable Growth: The Mediating Effect of Institutional Excellence in the Petrochemical Industry

The purpose of this study is to discover the impact relationship of strategic management on sustainable growth using the mediating factor of institutional excellence in the petrochemical industry. The research project utilized a questionnaire distributed to employees at the studied company to tackle its research problem and reach its objective while exploiting its significance. Three hundred and fifty employees filled the questionnaire which included staff from engineering and administrative departments. Statistical programs (SPSS and AMOS) served for analysis while the descriptive analytical method delivered scientific accuracy to interpret the research findings. The results of analysis indicate that Petrochemical Industries Company experiences sustainable growth because strategic management works with institutional excellence. The proposed recommendation involves integrating institutional excellence standards into strategic plans because this method supports lasting sustainability achievements and boosts organizational performance.

Психологические аспекты адаптации систем мотивации персонала к условиям мобилизационной экономики: российский опыт 2022–2024 гг.

This paper investigates the psychological aspects of adapting personnel motivation systems to the conditions of a mobilization economy in Russia during the period of 2022–2024. It examines the specific features of labor market transformation and shifts in approaches to personnel motivation in the context of emerging economic realities. Particular emphasis is placed on analyzing governmental support measures targeting strategically important industries, notably the IT sector, and their impact on the motivation of specialists. Complex motivation systems, including material and non-material incentives, as well as their adaptation to the conditions of mobili-sation economy are studied. Key factors affecting the effectiveness of motivational mechanisms in modern conditions are identified, including flexibility of work formats, professional development and social guarantees. Based on an analysis of the practical experience of Russian companies, recommendations are proposed for the improvement of personnel motivation systems in the context of ongoing economic transformation.

The Problem of Media Brand Expansion

Some large media companies, faced with the crisis associated with the emergence of the Internet, gradually came to the idea of extending the media brand. They sought to create revenue models that would go beyond charging for content and selling audiences to advertisers. Their goal was to use the value of the media brand, expanding it to new products and services. The purpose of this paper is to study how media companies use brand equity with positive, strong and unique associations to facilitate the launch of new, non-traditional media products or services. The subject of the study is the influence of the media brand on the commercial viability of media activities in the context of digitalization. The object of the study is the problem of expanding the media brand. The article examines the experience of foreign and Russian companies in the field of horizontal (media) and vertical (non-media) expansion of the media brand. The study for the first time focuses on the experience of the media holding "Komsomolskaya Pravda", which took initiatives aimed at developing other sources of income to expand the boundaries of the business. Using the method of in-depth interviews conducted with an employee of the online sales service of a media holding in 2019 and 2025, the author studied the long process of creating a full-fledged book publishing house based on the Komsomolskaya Pravda media holding. The experience of this media outlet can be used in the practical activities of editorial offices of Russian media companies. The author came to the conclusion that in the 21st century, media companies began to actively use brand equity with positive associations to facilitate the launch of goods or services on the market. The sale of non-news products is more complex and is only advisable for strong brands with a strong image. It can have a great influence on the attitude towards the additional product, since consumers rely on their impression of the original brand. Strong media brands are positioned in people's minds even when they do not consume them. Media companies are in a unique position in creating and expanding their brand equity. The fact that they own and control communication tools that reach a huge number of consumers every day is a huge asset.

Financial Distress Using the Zmijewski, Grover, and Springate Models at Retail Business in Indonesia

Introduction/Main Objectives: This study aims to analyze PT Matahari Putra Prima's financial health during 2018-2022 using the Zmijewski, Grover, and Springate models to predict potential financial distress. Background Problems: When a company experiences bankruptcy, its financial statements must be evaluated and measured through in-depth research. PT Matahari Putra Prima Tbk, a major player in Indonesia's retail industry, has faced significant challenges over the past few years due to shifts in consumer behavior towards online shopping and the economic impacts of COVID-19. Novelty: This research fills the gap in financial distress in retail businesses in Indonesia. Research Methods: This study uses a descriptive quantitative approach. The financial data of PT Matahari Putra Prima Tbk from 2018 to 2022, obtained through documentation and literature review, were analyzed using three financial distress models: Zmijewski, Grover, and Springate. The sampling technique is a sampling technique to be used in research. The sampling design of this study uses nonprobability sampling. Nonprobability sampling can provide very useful information for a population. Following this study, the author will use the purposive sampling technique. Finding/Results: PT Matahari Putra Prima Tbk for five years for 2018 – 2022 using Zmijewski, Grover, and Springate indicated that the company was experiencing Financial Distress. Research limitation/implications: It is better for PT. Matahari Putra Prima Tbk evaluates financial performance to bring the company to a better state. The company's value that shows the risk of financial distress, PT Matahari Putra Prima Tbk, focuses more on improving operational efficiency and reducing costs in improving cash management and reducing short-term debt to reduce the risk of financial distress. Furthermore, maintain good communication with investors and stakeholders to build trust and support.

An Analysis of the Relationship between Job Autonomy, Feedback, and Empowering Leadership on Innovative Work Behavior

This research examines the relationship between job autonomy, feedback, empowering leadership, and innovative work behavior, with resilience as a mediator. Job autonomy refers to employees' freedom in performing tasks, while feedback provides performance-related information. Empowering leadership encourages employees to take initiative and make independent decisions. A quantitative approach was used, and data was collected through questionnaires from employees with over one year of experience in manufacturing and shipyard companies in Batam. Structural Equation Modeling (SEM) analyzed direct and mediating relationships. Findings indicate that job autonomy and feedback significantly enhance innovative work behavior while empowering leadership has a positive but insignificant effect. Resilience mediates these relationships, meaning employees with autonomy, constructive feedback, and empowering leaders are more innovative, especially if they have high resilience. This study offers practical insights for organizations to foster innovation by enhancing job autonomy, providing effective feedback, implementing empowering leadership, and strengthening employee resilience programs.

Experience of localization of human resource management of transnational companies in China

Aim. The work aimed to propose recommendations on localization of human resource management for Chinese transnational companies (TNCs) in Russia.Objectives. The work seeks to identify and summarize the problems arising in localization of human resource management of transnational companies in China; to analyze the causes of these problems; as well as to develop recommendations on localization of human resource management of Chinese transnational companies in Russia.Methods. The author applied statistical analysis, comparative analysis, generalization, deduction, and induction.Results. The work summarizes the experience of transnational companies in localization of human resource management in China, and identifies a number of common problems in the localization of human resources. The author analyzed the causes of these problems and gave recommendations on localization of human resource management of Chinese transnational companies in Russia.Conclusions. Chinese transnational companies have gained extensive experience in the successful practice of localization of human resource management in China. There are many differences in human resource management between China and Russia. In view of this, Chinese transnational companies in Russia should analyze the practice of localizing human resource management in China. The author presents recommendations for localizing human resource management of Chinese transnational companies in host countries, considering the identified problems, namely 1) improving the level of training of expatriates; 2) training in corporate culture and localizing training methods; 3) improving the mechanism for career advancement of local employees; 4) creating a more inclusive corporate culture; 5) forming a system of professional training of talents in the company and strengthening the talent pool; 6) increasing the attractiveness of wages and benefits for talented employees; 7) creating a local research center; 8) strengthening trust in local talents and faith in their abilities; 9) introducing localized methods of performance management; 10) localization of the remuneration system.

THE ROLE OF ESG-PRINCIPLES IN ENSURING SUSTAINABLE DEVELOPMENT OF A RESOURCE REGION

The importance of sustainable regional development is due to the need to ensure economic growth, reduce disparities in living standards and minimize environmental damage. Currently, a large number of works are dedicated to the topic of sustainable development at both national and regional levels, but a single correct solution to provide it has not yet been found. One possible direction for ensuring the sustainability of regional economies is the implementation of ESG principles, which aim to improve the environmental condition, enhance social development, and upgrade the quality of governance in the region. Regions rating on the implementation of ESG principles is compiled by numerous rating agencies, but each agency uses its own system of assessment indicators for each block: E (environment), S (social development), G (governance). The methodologies used by rating agencies are based on scoring and are not comparable to each other. All this leads to a lack of due consideration of regional authorities to the issue of sustainable development. However, the experience of large companies that make a significant contribution to ensuring sustainable development in the regions where they operate through the implementation of ESG principles, deserves increased attention.

Production: Features of New Product Release in Russia

In this article, we will consider the current aspects of developing a market strategy in the context of growing e-commerce and a changing economic environment. In the fi rst section, we will talk about what may be associated with an increase in demand for the company's products. The problem of a shortage of qualifi ed personnel is also discussed; 60% of employers from the private sector have diffi culty fi nding specialists. Our company's experience in solving this problem is presented.

Management equity incentives and tone management of earnings communication conferences: evidence from China

PurposeExisting research on stock price manipulation driven by equity incentives has mainly focused on earnings management, without considering other potential manipulation methods. Therefore, we examine whether management engages in tone management during earnings communication conference following equity incentives.Design/methodology/approachUsing Chinese A-share listed companies from 2006 to June 2023 as the sample, we explore the impact mechanism of equity incentives on the tone of earnings communication conference.FindingsEquity incentives are found to increase abnormal tone in earnings communication conferences. The characteristics of equity incentives themselves affect tone management. For instance, equity incentives based on stock options, as well as those within the exercise feasibility year, have a more pronounced effect on facilitating tone management. The mechanisms through which equity incentives affect different tones vary: the increase in positive tone is associated with improved financial performance, while the increase in abnormal tone is linked to executives reducing their holdings to obtain cash. Further discussions reveal that the impact of equity incentives on abnormal tone is weaker when there is a higher degree of real or accrual-based earnings management, suggesting a possible substitution relationship between earnings management and abnormal tone. Additionally, when a company experiences low investment efficiency, high executive compensation and a lower proportion of negative news coverage in the external information environment, the impact of equity incentives on abnormal tone becomes more pronounced.Research limitations/implicationsOur study primarily focuses on conducting exploratory research into the mechanism, purpose, timing and alternative selection of tone management in the year following the grant of equity incentives. We have not provided a detailed theoretical explanation regarding the transmission channels or mechanisms through which tone management affects investor sentiment and trading behavior.Practical implicationsWe provide valuable insights for identifying the quality of information disclosure in earnings communication conference.Originality/valueWe clarify the mechanism of equity incentives on management’s tone, reveals the timing preferences of tone management during the earnings communication conference.

Research on Empowering Supply Chain Management Innovation with Blockchain Technology: A Case Study of Dangerous Goods

Against the backdrop of the rapid development of modern logistics, the chemical logistics industry is one of the important sub-sectors of the modern logistics industry and is also developing rapidly. The country is a major producer and user of dangerous goods such as hazardous chemicals, explosives, and radioactive materials, and is also a major country in road transportation of dangerous goods. In recent years, enterprises and governments have gradually upgraded their awareness of the safety of hazardous chemical transportation, and have paid more and more attention to the safety and efficiency of hazardous chemical transportation. This paper selects Yonggang Haian Logistics Co., Ltd. (referred to as "Yonggang Haian") as the research object to study how traditional chemical transportation companies can better transform and upgrade in today's era of the Internet of Things, respond to market opportunities, and achieve a steady and upward development trend. Yonggang Haian has successfully achieved corporate transformation and promoted higher-quality development of the company by completing the "three transformations". This case study provides useful practical experience for traditional chemical transportation companies on how to adapt to modern development. With the continuous development of the chemical transportation industry, companies should continue to pay attention to market opportunities and development trends, continuously optimize resource actions and strategic layout, and achieve continuous innovation and steady development

Pengaruh Solvabilitas dan Profitabilitas terhadap Audit Delay dengan Ukuran Perusahaan sebagai Variabel Moderasi pada Perusahaan Perbankan yang terdaftar di Bursa Efek Indonesia Periode 2019-2021

His study aims to examine the effect of profitability and solvency on audit delay and company size as a moderating variable. Audit delay is a condition where a company experiences a delay in issuing audited financial statements so that this condition can affect the quality of financial statement information. The populationlin this study were banking sector companies listed on the Indonesia Stock Exchange in 2019-2021. This study used a purposive sampling method. The sample in this study consisted of 30 companies using a purposive sampling technique.The data analysis techniques used were descriptive statistics, classical assumption tests, and hypothesis.testing using multiple linear regression analysis. The independent variable in this study is audit delay. The dependent variables in this study are Profitability and Solvency. The moderating variable in this study is Company Size. The research data are in the form of annual financial reports obtained from the official website www.idx.co.id andlthe official website of the related company. The data analysis method used is moderated regression analysis (Moderated Regression Analysis) with the SPSS application.

Communication Model for Integrating Blockchain-Technology with Russian Energy Sector

This article presents a communication model for integrating blockchain-technology into the Russian energy system, which takes into account the restraining factors, limitations on blockchain development, the legal environment, as well as both domestic and international experience. The model aims to improve resource management, enhance security and efficiency in the energy sector, and create advantages for all stakeholders. The model is based on the principles of the author's PR concept of integrated strategic communications (ISC), ensuring a comprehensive approach to interacting with various interest groups and effectively addressing challenges arising from the introduction of new technologies in the energy sector.The research includes analysis of theoretical sources and practical experience of Russian and foreign companies using blockchain in power industry. Special attention is given to the analysis of communication strategies employed by PJSC Gazprom Neft in blockchain-technology projects.The results of the study can be used to improve the reputation and optimize processes in Russian energy companies, as well as to have innovations implemented by government structures. The development of a communication model for blockchain integration, considering industry-specific features and ISC principles, opens up prospects for further research and practical steps in the energy sector.

The Impact of Job Satisfaction and Transformational Leadership on Turnover Intention of Front-End Employees at PT.XYZ

In an era of increasingly fierce and dynamic business competition, a strong drive and effort are needed to achieve success to become a winner in business competition. In the process, several factors cannot be separated, there is the human resource factor. Companies must improve the quality of human resources but also maintains the quantity of human resources supply ti maintain the stability of company’s performance. One of the obstacles that a company experiences difficulties or obstacles in the process of running its business is the high turnover rate within a company. Therefore, companies need to think about strategies to retain employees who have high-quality of performance and know what factors influence employees' intentions to leave the company. The purpose of this study is to determine the description of Job Satisfaction, description of Transformational Leadership and the description of Turnover Intention in Front End Employees at PT. XYZ, as well as a description of the effect of Job Satisfaction on Turnover Intention and a description of the effect of Transformational Leadership on Turnover Intention in Front End employees at PT. XYZ. in Indonesia. This research method was conducted with quantitative research - causality, with the population of Front-End permanent and contract employees at PT. XYZ with a minimum 3-month service period. This study uses data collection techniques through a questionnaire consisting of 41 questions regarding the variables studied and the number of samples determined by Slovin's formula of 178 respondents where the sample determination uses a Proportionate stratified random sampling technique. The data analysis technique uses Structural Equation Modelling (SEM) with Partial Least Squares (PLS) technique using SmartPLS software version 3.2.8. The results of hypothesis testing state that Job satisfaction (-0.246) and Transformational Leadership (-0.562) have a significant influence and have a negative effect on Turnover Intention. This highlights the importance of conducting a thorough review of company policies and strategies related to Job Satisfaction and the implementation of Transformational Leadership to reduce Turnover Intention of Front-End employees at PT.XYZ.

Corporate Governance towards Enterprise Risk Management Disclosure in Indonesia Sharia Banks

Risk management is a strategy that can be applied to evaluate risk. Risk management is influenced by entities and other management (Ratna et al., 2019). The Committee of Sponsoring Organizations of the Treadway Commission (COSO) defines Enterprise Risk Management as a process that can be influenced by company management that is implemented in every company strategy and is designed to provide sufficient assurance to achieve company goals. Disclosure of risk management involving corporate governance seen from various factors is very important to study. This is based on the experience of companies listed on the IDX. This research is a type of quantitative research with descriptive method. The research design is intended to explain the characteristics of risk management disclosure and assess corporate governance and risk management disclosure in financial sector companies. The object of research is Sharia banks listed on the Indonesia Stock Exchange for the period 2021-2023. The results showed that these variables did not fully affect the enterprise risk of Sharia banks. It can be added with other variables or additional samples to make the result more accurate.

Analysis of implementation factors in the application of building information modeling (BIM) in construction projects: Enhancing disaster preparedness

Background: Building Information Modeling (BIM) technology is game-changing in the AEC industry. BIM can significantly improve team coordination, construction productivity, project performance, and profits. The conventional construction process, where there are often conflicts between stakeholders regarding the workflow in a job, will change with the application of BIM in construction projects. In the construction sector in Indonesia, the knowledge and experience of construction service provider companies (consultants and contractors) in Indonesia needs to be studied and documented academically to enrich the body of knowledge of BIM implementation. Methods: The data used in this study are primary data obtained through questionnaires. The data used in this study are quantitative data processed using the Partial Least Square (PLS) method with SmartPLS 4.0 software. Conclusion: From the results of this study, it is concluded that the implementation factor has a significant influence on Building Information Modeling (BIM). Based on the outer model analysis of the SmartPLS 4.0 software, it is found that the greatest influence of the implementation factor relationship on Building Information Modeling (BIM) is 0.757 or it can be said that it is 75.7%. Novelty/Originality of this article: This study provides a unique contribution by focusing on the implementation of Building Information Modeling (BIM) in the Indonesian construction sector, particularly through the lens of construction service providers' knowledge and experience, using a robust quantitative approach with SmartPLS 4.0 to analyze the influence of implementation factors on BIM adoption.

Analisis Prediksi Kebangkrutan Menggunakan Model Altman Z-Score dan Zmijewski pada Perusahaan Multifinance

Bankruptcy is a problem that companies must be aware of. If the company experiences bankruptcy, then the company is experiencing business failure. One of the ways that companies do to detect and prevent this from happening is by monitoring financial performance using financial statement analysis. To be able to predict company bankruptcy usually uses several different models, in this study using the Altman and Zmijewski models. The purpose of this study was to analyze the prediction of bankruptcy in multifinance sector companies using the Altman and Zmijewski models. The data used in this study are secondary data in the form of company financial reports published on the Indonesia Stock Exchange website. The population in this study were all multifinance companies listed on the IDX, totaling 14 companies. The samples used in this study amounted to 14 companies using the census method or total sampling. The results of this study indicate that there are multifinance sector companies that are predicted to go bankrupt using the Altman Z-Score Model, there are multifinance sector companies that are predicted to go bankrupt using the Zmijewski Model, and there are significant differences between the Altman Z-Score Model and the Zmijewski Model in predicting bankruptcy in multifinance sector companies.

A Business Analysis of Salvatore Ferragamo in the Luxury Industry

Established in 1927, Salvatore Ferragamo S.p.A. is a renowned Italian luxury company renowned for its excellent craftsmanship, particularly in ready-to-wear clothes, leather products, and footwear. To shed light on Ferragamo's potential and difficulties in the global luxury market, this study examines the company's financial performance, customer experience, marketing initiatives, and market positioning. Ferragamo caters mostly to affluent clients that appreciate elegance and superior quality, such as professionals and celebrities. Ferragamo prioritizes traditional craftsmanship and elegance over that of rivals like Gucci, despite difficulties in expanding internationally and gaining market share. The company leverages influencers and well-known brand ambassadors to increase its reach, particularly among younger consumers, through both traditional and digital marketing strategies. However, Ferragamo's financial results for 2023 showed a sharp drop in earnings and sales, pointing to the necessity of making tactical changes. To be competitive and seize expansion prospects in the changing luxury market, Ferragamo will need to concentrate on strengthening its online presence, increasing manufacturing efficiency, and investigating new markets going forward.

Strategija servitizacije i finansijske performanse proizvodnih preduzeća u Republici Srbiji - preliminarna studija

Intending to identify the relation between Serbian manufacturing companies' performance and the servitization strategy, the paper presents research that was carried out on a sample of 10 medium and large companies. The results suggest that there is a positive correlation between the level of servitization and the financial performance of manufacturing companies, as well as between the company's experience in implementing this strategy and its profits. Although the direction of the correlation corresponds to the hypothesized one, the results are not statistically significant. A small and geographically undiversified sample is seen as a primary reason for this. As a preliminary, this study should actualize servitization as a field of research and initiate the interest of practitioners in this strategy.

USING THE EXPERIENCE OF BUSINESS PARTNERS IN IMPLEMENTING THE CONCEPT OF SUSTAINABLE DEVELOPMENT (ON THE EXAMPLE NORTHWOOD)

Purpose: The aim of the article is to answer the question: whether and to what extent less experienced companies can benefit from the experience of more developed business partners using their sustainable development practices? Design/methodology/approach: The first part of the article presents selected aspects of the literature on sustainable development issues. The empirical part of the article uses materials made available by Northwood in the form of internal company materials for the years 2009 2022. Findings: The article shows that not only the financial side of business is important, but also far-reaching awareness and long-term implementation of cooperation, and partnership for cooperation and environmental protection is particularly important. Research limitations/implications: The considerations carried out for the purposes of the article were based on data provided by business partners, however, it must be aware that due to competition, some of the information was not obtained (e.g. financial data). Practical implications: The results of the analysis are a signal to companies, including managers and people managing production companies, that for the purposes of company development it is worth using the experience of partners, building partnership and implementing sustainable development goals. Originality/value: The article and the company presented in it can be both an example and a source of inspiration for other companies, not only those operating in the same industry.