Financial Companies Research Articles

Widespread Misperceptions Among U.S. Adults About Tobacco Company Engagement in Black and African American Communities.

Menthol cigarettes and flavored cigars (MC/FC) bring profits to U.S. tobacco companies at the cost of Black/African American (B/AA) lives. This exploratory cross-sectional study describes perceptions of tobacco company engagement and activities in B/AA communities related to MC/FC. Among 2307 U.S. adults aged 18-45 surveyed in 2022, six items addressed beliefs about tobacco company funding of B/AA community organizations, payment of B/AA lobbyists to oppose public health policies, support of health equity efforts in B/AA communities, and targeted marketing of MC/FC in B/AA communities. Adjusted proportions were calculated for each belief overall and by race and cigarette smoking status. Among all adults, 37% believed that tobacco companies deny the harms of MC/FCs, 20% believed they pay Black lobbyists to oppose health policies, and 12% believed they fund Black community organizations. Compared with non-B/AA adults, a higher proportion of B/AA adults believed that tobacco companies target Black communities with MC/FC marketing (62% vs. 46%). More adult smokers (ie, menthol or non-MC) than nonsmokers thought that tobacco companies support health equity efforts and did not target Black communities with MC/FC marketing nor deny the harms of MC/FCs to B/AA communities. Few B/AAs and adult smokers believed that tobacco companies used B/AA organizations and lobbyists to oppose MC/FC policies in the B/AA community as well as reject MC/FC's harmfulness. Culturally tailored and community-engaged communication efforts are needed to correct disinformation about MC/FC tobacco companies' engagement and activities in B/AA communities among B/AA and menthol cigarette smokers. Tobacco companies have a history of predatory marketing that promotes flavored tobacco products to Black/African American (B/AA) individuals and more recently has spread disinformation to dissuade policy support for menthol cigarette/flavored cigar (MC/FC) bans. It is unclear what are the perceptions of tobacco company engagement and activities in B/AA communities related to MC/FC. Our study shows that B/AA adults and current cigarette smokers hold misperceptions about tobacco companies' role in spreading disinformation about MC/FC. This study identified beliefs about the industry's role in funding B/AA organizations and lobbyists who oppose policy, as well as the industry's denial of menthol cigarette and flavored cigar harms as potential messaging targets for communication efforts designed to correct disinformation about MC/FC policies among B/AA and those who currently smoke MC.

Analysis of the Current Situation of the Development of Digital Inclusive Finance and the R&D Expenditure of Private Enterprises

With the rapid development of science and technology, digital finance, as an emerging financial service model, is rapidly emerging around the world. With the support of the Internet, big data, artificial intelligence and other advanced technologies, it has not only changed the traditional way of financial services, but also brought far-reaching impact on economic and social development. However, the coverage of digital finance is also becoming increasingly prominent, especially in some developing countries and regions, and the popularization and application of digital finance still face many challenges. There is a mutually reinforcing relationship between the development of digital inclusive finance and R&D expenditures of private enterprises. By strengthening guidance and support, promoting the deep integration of financial technology and the real economy, and establishing sound risk prevention and control mechanisms, the interaction and common development between the two can be further promoted. It is crucial to promote the sustainability of digital finance and improve the inclusiveness of financial services by collecting and analyzing relevant data, conducting field visits and interviews, conducting in-depth analysis of the current development status of inclusive digital finance, research and development expenditures of private companies, and analyzing current challenges and appropriate remedial measures.

Income Tax Rate Regimes and Financing Decisions of Quoted Agricultural Companies in Nigeria

The purpose of the study was to examine income tax rate regimes and financing decisions of quoted agricultural companies in Nigeria. The specific objectives were as follows: to ascertain the extent to which company income tax rate regimes influence equity financing decision of the Nigerian quoted agricultural companies, to determine the extent to which company income tax rate regimes influence debt financing decision of the Nigerian quoted agricultural companies, and to investigate the extent to which company income tax rate regimes influence retained earnings financing decision of the Nigerian quoted agricultural companies. The study employed an ex-post facto research design in carrying out the study. Data for this study were gathered from secondary sources of data. The research data were obtained from various secondary sources which include Central Bank of Nigeria Statistical Bulletin, Central Bank of Nigeria Annual reports, Federal Inland Revenue Service (FIRS) revenue statistics as well as other researchers’ journals and publications. The study employed regression models for the purpose of the study. The major findings of this study showed that CIT1 had a positive and insignificant effect on company financing decisions, CIT2 had a negative and insignificant effect on company financing decisions, and CIT3 had a positive and significant effect on company financing decisions. Arising from the results obtained, the study makes the following recommendations: Government should make it possible for companies to evade tax and penalize any registered company that evades tax.

Results of Randomized Controlled Trials of Platelet-Rich Plasma in Lower-Extremity Tendinopathy Are Not Influenced by Industry Sponsorship

To determine whether industry affiliation influences the results of randomized controlled trials (RCTs) studying the use of platelet-rich plasma (PRP) for the treatment of patellar or Achilles tendinopathy. The PubMed, Scopus, Cochrane, and MEDLINE databases were searched in July 2023 for RCTs investigating PRP for the treatment of patellar or Achilles tendinopathy published between 2009 and July 2023. Industry affiliation was determined by analyzing each study's funding or conflict-of-interest section. Author disclosures were searched in the American Academy of Orthopaedic Surgeons disclosure database and the Centers for Medicare & Medicaid Services open payments database. An industry-affiliated (IA) designation was given if an author had a relevant disclosure or if the company that funded the study manufactured PRP. Otherwise, a non-industry-affiliated (NIA) designation was given. Fisher exact analysis was used to determine whether PRP had a favorable effect, no significant effect, or an unfavorable effect on outcome. Analysis was performed on 22 studies (10 IA and 12 NIA), with 17 studies (77.3%) reporting a conflict of interest or funding for the research, 4 (18.2%) reporting no conflict of interest, and 1 (4.5%) with no reporting. Of the 22 included studies, 8 (36.4%) reported favorable outcomes regarding PRP use and 14 (63.6%) reported no significant effect. Favorable outcomes were found in 4 of the 10 IA studies (40.0%), whereas no significant effect was reported in 6 (60.0%). The 12 NIA studies included 4 (33.3%) with favorable results and 8 (66.7%) with no significant effect. The comparison between industry affiliation and results reported was not statistically significant (P > .999). The results of RCTs evaluating the use of PRP in lower-extremity tendinopathy were not influenced by industry sponsorship. Most biomedical research is funded through industry sponsorship. Although this relation is necessary as technologies are developed, it is important to scrutinize studies for evidence of industry bias to understand how this bias may be affecting study results published in the literature.

HARMONIZATION OF FINANCIAL SECTOR REGULATIONS WITH THE FDIC LAW AND THE P2SK LAW REGARDING THE USE OF PRIVACY RELIABILITY CERTIFICATES BY FINANCIAL SECTOR BUSINESSES

<p>Information and communication technology has changed the behavior of society and human civilization worldwide. Its development has made the world borderless, and significant social changes are taking place rapidly. In addition to contributing to the improvement of welfare, progress, and human civilization, it has also become an effective means for illegal acts. Illegal acts occur in the development of the financial technology industry. In order to prevent unlawful acts, it is necessary to use privacy reliability certificates by financial sector companies based on Bank Indonesia Regulation No. 3 of 2023 and OJK Regulation No. 6 of 2022. The research method used is normative juridical. The research is conducted using primary data in the form of field studies as well as the use of library materials or secondary data that includes primary, secondary, and tertiary legal materials. This research aims to find out how the implementation of the obligation to use the Privacy Reliability Certificate by financial sector companies is based on the Indonesian Cyber Law, in order to better ensure consumer protection.</p><p>Keywords: Keywords: Privacy Reliability Certificate, Financial Technology Industry, Consumer Protection.</p>

The Company's Financial Performance Pre and Post IPO on The Indonesia Stock Exchange

The Company's Financial Performance Pre and Post IPO on The Indonesia Stock Exchange

Optimizing Electric Vehicle Battery Management Systems for Enhanced Performance and Efficiency in the Automotive Sector

Automotive means of transportation has become the major and cheapest means transportation in Nigeria. This fact has put more pressure on manufacturers to provide customers with high quality Automobiles with the aim of making profits. Nowadays, manufacturers are faced with a major problem in the management of information within a manufacturing plant and creation of effective relationship with customers. As an approach to solving these problems, a detailed analysis is carried out on the existing system to find out the strength and weaknesses of the existing system. And based on the requirements generated, the new system is designed. An Object Oriented design approach is used to describe the various units (modules) that make up the system in terms of classes and objects. The design and development of an Automotive Plant Management system for a manufacturing company is a project developed with PHP, MySQL, Ajax, HTML, JavaScript and Jquery Plugins, it provided better and more efficient management of information generated from Human Resource, Inventory, Company Finance and also Customer Relationship Management In recent years, the surge in the adoption of electric vehicles has played a vital role in reducin fossil fuel consumption and greenhouse gas emissions. However, limited cross-national research has been conducted on the determinants of electric vehicle adoption in developing and developed countries. This study examines the factors influencing the intention to adopt electric vehicles in India (378 participants) and Spain (265 participants). This study develops an integrated model that combines the unified theory of acceptance and use of technology (UTAUT2) and the value-belief-norm (VBN) model while accounting for the impact of national culture. The model is tested using structural equation modeling. The results indicate the integrated UTAUT2-VBN model is a valuable tool for explaining the differences in adoption intention across cultures. Moreover, the national cultural system plays a significant moderating role in most relationships within the model. This study offers valuable insights into the factors influencing electric vehicle adoption in different cultural contexts, which can inform policies and strategies to promote sustainable transportation.

Credit risk contagion in complex companies network–Empirical research based on listed agricultural companies

This study investigates credit risk contagion among listed agricultural companies using data from China's A-share market from 2002 to 2021, examining credit risk contagion mechanisms in the supply chain, investment, and information networks. Furthermore, we examine the moderating effect of network structure on credit risk contagion within networks. The results show that credit risk in the supply chain network has the greatest contagion effect, followed by investment and information networks. Credit risk is mainly transmitted through the capital path, product path, and information path. The network structure plays a crucial role in facilitating the contagion process. State-owned companies and companies with high customer concentration have higher risk resistance capacity. Research also shows a one-year time effect, indicating that the impact of credit risk contagion decreases over time. Finally, this study proposes suggestions for financial institutions, companies, and governments to enhance the risk-resisting abilities of the agricultural industry.

Pengaruh Faktor – Faktor Fundamental Keuangan Terhadap Harga Saham Pada Industri Keuangan Sub Sektor Perbankan Bursa Efek Indonesia Tahun 2019 - 2020

Shares are considered to be an indicator of success in managing a banking company because share prices that have increased indicate that the company is in good condition. The closing price is the last price that appears on a company's shares before the stock exchange closes. The aim of this research is to find out how fundamental financial factors influence stock prices in the sub-banking financial industry of the Indonesian Stock Exchange. Secondary data from audited annual reports on the official IDX website, www.idx.co.id, served as the data source for this research. The research population consisted of financial industry companies in the banking sub-sector from 2019 to 2020. Sample selection was conducted using purposive sampling. Descriptive analytical methods with the SPSS version 25 program were employed for analysis, and hypothesis testing utilized the multiple linear regression method. The findings indicate that Price to Earnings Ratio (PER) and Earnings Per Share (EPS) have a significant influence on stock prices, whereas Return on Equity (ROE) and Net Profit Margin (NPM) do not. However, collectively, NPM, ROE, PER, and EPS as fundamental financial indicators have an impact on stock prices. Keywords: Stock Price, NPM, ROE, PER dan EPS

Company Characteristics, Internet Financial And Sustainability Reporting And Company Performance

This research aims to examine and analyze company characteristics and IFSR reporting on company performance. Company characteristics are measured using the board of commissioners, audit committee, industry type and company size, internet financial sustainability reporting (IFSR) is a type of voluntary expression, while company performance is measured using net profit margin (NPM). The research sample was 35 companies during 3 years of observation selected using purposive sampling, and the analysis technique used linear regression. The research results show that the board of commissioners and audit committee influence the company's performance, while the type of industry, internet financial and sustainability reporting and company size do not influence the company's performance.

Implementation of Creating a Ledger and Trial Balance in PT Syafa Jaya Electric

On moment This every company need accountancy For take notes finance on every transaction . Transactions that have been made carried out in the books later processed For made report finance company . Order in making report finance , First of all, the recording process transaction in accordance with accountancy . Then the checking process return notes accounting , If happen error so can done journal reverser or journal adjustment For repair error existing records _ done . Next making report per month based on balance sheet existing lanes , for example report made _ is report profit and loss , report balance sheet , report internal company taxes , and etc . After made report so journal the must closed so as not to happen recording repeat return . Making process report finance This only Wrong One example from Lots Example of manufacturing process report finance . Balance Sheet the balance is not balanced show exists error entry journal , which is often caused by a number of reason like error in calculation balance account , arrangement _ credit and debit accounts , current . Objective writing This is For know understanding balance sheet balance , function balance sheet balance , type And component balance balance , method used _ in make balance sheet balance , as well method make balance sheet balance . Type study This use method study qualitative , with analysis descriptive And say library approach. Source study obtained from material teachings , book reading , journal And other . Based on results study obtained that There is four function general balance sheet balance, that is function preparation, bookkeeping, correction , and supervisin

Marketing Strategy for KSPSS BMT Dana Mentari Muhammadiyah Purwokerto Student Savings Products

KSPPS BMT Dana Mentari Muhammadiyah Purwokerto is a financial institution that runs on a sharia system. The KSPPS BMT Dana Mentari Muhammadiyah company has many products, one of which is student savings. Every company, including financial companies, requires a marketing strategy, which is an important aspect to achieve targets. Marketing is a social and managerial process that involves individuals and groups getting what they need and want by creating, offering and exchanging valuable services with other parties. Marketing strategy is contained in four marketing mix positions, namely price strategy, promotion strategy, promotion strategy, place strategy and product strategy. To achieve marketing targets, you must consider the four marketing mixes. The method used in this research is qualitative with a descriptive analysis approach. The data collection techniques used were observation, interviews and documentation. The aim of this research is to find out the marketing strategy for KSPPS BMT Dana Mentari Muhammadiyah Purwokerto student savings. The results of this research show that KSPPS BMT Dana Mentari Muhammadiyah Purwokerto has a good marketing strategy for student savings products seen from qualified products, affordable prices, targeted promotions and strategic office locations. This is a factor in students using and choosing savings products at KSPPS BMT Dana Mentari Muhammadiyah Purwokerto.

A Study on Financial Performance and Growth of Non-Banking Financial Companies

This study provides a comprehensive analysis of the financial performance and growth dynamics of Non-Banking Financial Companies (NBFCs) within the contemporary financial landscape. Drawing on a review of existing literature, regulatory frameworks, and extensive financial data, the research evaluates key performance indicators, growth trajectories, and risk profiles of NBFCs over a specified time period. Through a rigorous examination of profitability, liquidity, leverage, and efficiency metrics, the study uncovers insights into the relative strengths and weaknesses of NBFCs compared to traditional banking institutions. Additionally, the analysis delves into the drivers of growth, regulatory influences, and systemic risks shaping the NBFC sector. The findings contribute to a deeper understanding of the role of NBFCs in the financial ecosystem and offer valuable insights for policymakers, regulators, investors, and industry stakeholders to foster sustainable growth and mitigate potential risks.

Empowering Local Communities Through Zakat to Achieve Sustainable Development Goals

The Prosperous Village Livestock Program at LAZNAS Nurul Hayat Kediri City serves as a model for utilizing zakat to bolster local communities towards sustainable development goals. This qualitative case study employs document analysis, interviews, and field observations to delve into the efficacy of this program. Despite challenges in zakat fund administration and economic limitations, findings indicate its effectiveness in community empowerment through livestock company financing, training, and social network enhancement. This study uniquely focuses on zakat-driven empowerment to combat poverty and foster sustainable development at the grassroots level. By addressing the research problem of how zakat can be leveraged for long-term community development, it fills a critical gap in existing literature. Phenomenologically, the subject of this study encompasses individuals involved in or affected by the Prosperous Village Livestock Program, while the object is the empowerment process facilitated by zakat utilization.

GCG structure’s and disclosure to investors’ impacts on ROE in non-bank financing sector companies

This study aims to determine the effect of Shareholders' Rights and the Board of Directors as well as the Audit Committee and Disclosure to Investors on Return On Equity in Financing Companies listed on the Indonesia Stock Exchange (Period 2018-2022). Through this quantitative approach, the research method used is descriptive analysis and hypothesis testing with a total population of 20 non-bank financing companies and a sample of 4 non-bank financing companies listed during the 2018-2022 period. The results show that Shareholders' Rights and the Audit Committee have a significant effect on ROE. In contrast, the Board of Directors and Disclosure to Investors show no effect on ROE.

Roles, Responsibilities and Constraints of Financing Institutions in Fiduciary Law in Indonesia

In the context of an increasingly complex modern economy, the role of financial institutions, especially Fiduciary Guarantees, is crucial in providing and protecting funds for people and companies. Fiduciary Guarantees play a crucial role in consumer financing, especially in the purchase of motor vehicles, by providing legal certainty for creditors and increasing trust in transactions. However, the use of Fiduciary Guarantees often faces obstacles related to legal complexity and procedures, as well as consumer protection and dispute resolution. Research on the role and challenges of financial institutions in applying the Fiduciary Guarantee to customers is relevant to improve the effectiveness of the financial system as a whole. A better understanding of Fiduciary Guarantee registration obligations and procedures is needed to ensure financial institutions' compliance with applicable regulations and to enhance customer protection. This research has the potential to provide better insights on how to improve the efficiency and compliance of financial institutions in applying the Fiduciary Guarantee, which in turn will support sustainable economic growth.

How Does Fintech Lending Affect Islamic Local Banks' Efficiency During COVID-19 Pandemic in Indonesia?

Fintech lending, also known as peer-to-peer (P2P) lending or online loans, refers to lending provided by non-bank financial technology-based companies that provide financial services by connecting lenders and borrowers on a specific online platform. This paper investigates the impact of fintech lending development on the efficiency of Islamic local banks in Indonesia. Local banks are chosen because they differ from national commercial banks in terms of their characteristics and products, and they also serve limited customers in a specific local area (i.e., provincial level). The presence of Islamic local banks in Indonesia is unique because it fills the gap and has a significant contribution to Muslims who do not have (or do not need) access to larger Islamic commercial banks. This is particularly noteworthy given that Indonesia is the most populous Muslim country. Using a sample of 161 Islamic local banks in Indonesia and provincial-level fintech lending data from 2020Q1 to 2020Q4, we find that fintech development in Indonesia erodes Islamic local banks’ efficiency, suggesting that their presence is significant and could also be damaging for local banks. However, our finding reveals that the negative effects of fintech development can be reduced in banks with higher levels of efficiency. Our results call for policymakers to monitor the development of fintech to maintain a lending ecosystem that can ultimately relate to financial service stability.

Chief risk officer and audit fee: An investigation from financial industries in Indonesia

The appointment of a CRO (Chief Risk Officer) influences the implementation of ERM (Enterprise Risk Management), which reduces risk and lowers audit costs. Financial Services Authority Regulation No.17/2014 in Indonesia requires companies to have an RMC (Risk Management Committee), which is different from a CRO equivalent to a C-Level. This study examines the impact of a CRO on external audit costs. The data consists of financial companies listed on the Indonesia Stock Exchange (IDX) from 2011 to 2020. The results show that companies using a CRO have lower risk, thereby reducing audit costs. Additionally, the expertise of a CRO also impacts a higher ERM, which in turn affects the reduction of audit costs. This study contributes to the practical world by supporting the appointment of a CRO to reduce company risk. Thus, the company can deliver better performance.

ОЦЕНКА ЭФФЕКТИВНОСТИ РЕАЛИЗАЦИИ ИННОВАЦИОННЫХ ПРОЕКТОВ В ДЕЯТЕЛЬНОСТИ ФИНАНСОВЫХ ОРГАНИЗАЦИЙ

The article examines the main indicators that allow assessing the effectiveness of the implementation of innovative projects in the activities of financial companies. The purpose of the article is to clarify the methodology for assessing the effectiveness of the implementation of innovative projects in the financial sector. Methods of analysis, synthesis, tabular and graphical methods of presenting information, etc. were used. The author clarifies the methodology for assessing the level of efficiency of implementing innovative projects in the work of modern financial organizations. The assessment methodology was tested on the example of one of the financial companies of the Russian Federation.

Disclosure frequency of parent company financial reporting: Insights from analyst forecasting accuracy

AbstractPrior research predominantly concentrates on the comprehensive financial disclosures of consolidated statements, often overlooking the distinct informational value inherent in the financial statements from parent companies. The debate continues on whether the frequency of disclosures from parent companies should align with that of their consolidated counterparts. The periodic dissemination of a parent company's financials can significantly reduce information asymmetry, thus enabling analysts to promptly and accurately grasp the firm's financial health. Yet, this increased frequency may come at the cost of information reliability, leading to more errors and promoting myopic decision‐making among executives, which might lead to misguided analysis. Drawing on shifts in China's financial disclosure mandates – from obligatory to optional quarterly reporting by parent firms – we observe that analysts tend to generate more precise earnings forecasts for those publicly traded entities that refrain from quarterly disclosures of parent company reports. This enhancement in forecast precision is particularly marked in instances where corporate information quality is substandard or when analyst coverage is extensive. Supplementary findings suggest that this effect intensifies for annual reports audited by firms outside the Big 4 and when there is more coverage by other media. Consequently, our findings imply that easing the stringent quarterly reporting by parent companies and adopting a voluntary disclosure system does not diminish the informational richness available to investors.