Resilience Of Companies Research Articles

Corporate Governance, ESG, Audit Committee and Financial Performance in European Investment Holding Companies

The purpose of this research paper is to explore the connection between Corporate Governance, Environmental, Social and Governance (ESG), Audit Committee (AC) and Financial Performance in European Investment Holding Companies. This paper aims to understand whether there is a correlation between these elements. The study answers the following research question: "What is the impact of corporate governance indicators, ESG and financial performance on investments in public holding companies in Europe?" Our findings reveal significant correlations between corporate governance structures and financial performance metrics, as well as the influence of ESG ratings on financial performance and corporate governance. Additionally, we identify the effects of audit committee characteristics on financial performance and ESG outcomes. The reported data is collected from a sample of companies included in the Refinitiv Eikon Database and analysed using a panel data analysis at both regional and industry level. The sample is composed of 228 European Companies, covering a period of 4 years, from 2019-2022. I chose this because it includes the impact of the pandemic and the post-pandemic recovery period, providing insight into the adaptability and resilience of companies in the face of major economic challenges.This research contributes to a deeper understanding of the dynamics between corporate governance, ESG practices and financial performance, providing valuable insights for investors, managers and regulators aiming to navigate sustainable investment strategies in the European market. This sample is considered large enough to provide meaningful data and draw relevant conclusions. Companies from various European countries were included to reflect the diversity of the market and to analyse variations in governance and ESG practices in different national contexts. The focus on public holding companies provides a specific perspective on how these entities manage corporate governance and ESG, given their importance in the European economy. The selection of the sample was based on the availability of financial and corporate governance data to ensure the reliability and validity of the analysis. This data will be used to investigate how governance and ESG practices influence companies' financial performance, thus providing important insights for understanding the relationship between these aspects within the European market.

Resilient Sustainability Assessment Framework from a Transdisciplinary System-of-Systems Perspective

The vital role of extensive information exchange among stakeholders across diverse sectors and the interconnection of various scientific fields with nonhomogeneous technology readiness levels has created a new form of a complex engineering problem in the climate change era. Comprehensive sustainability assessment to enable the realization of needs requires transdisciplinary thinking to achieve systematic solutions that bridge the gap between multiple collaborative systems in a portfolio. Although the principal aim of dedicated sustainability regulations is to force companies to move toward sustainability development, general and non-engineered metrics that have not defined clear thresholds for evaluation have encountered severe challenges regarding implementation and economic viability. Therefore, adopting a transdisciplinary systems engineering approach can address multifaceted challenges like sustainability by overcoming collaboration barriers, and traditional disciplinary limits. This paper systematically reviews sustainability-dictated regulations from a transdisciplinary perspective. Different standards are compared, raised opportunities and challenges are discussed, and future remarks are highlighted. The sustainability problem is analyzed from a transdisciplinary systems engineering lens. Finally, a two-level resilient system sustainability assessment framework is proposed to effectively handle and enhance the resilience of companies’ sustainability development roadmaps by enabling decision makers to find robust and highly reliable solutions regarding sustainable system design. The impact of this research is to create a new insight into addressing climate change which not only assesses the current situation but also considers uncertainty sources that affect decision making for the future.

Impact of CSR on stock return resilience during the 2020 public health emergency: Evidence from the Chinese financial market

Corporate Social Responsibility (CSR) can enhance firm value through non-profit channels, but it may also divert operational resources, potentially harming short-term financial performance. A key question in the literature is whether CSR can improve stock return resilience during negative shocks. Drawing on stakeholder theory, we hypothesize that CSR investment enhances stock resilience, though the effect may vary among firms. This paper analyzes financial data from 3153 Chinese listed companies alongside CSR ratings from the Hexun CSR database. Our findings indicate that firms with higher pre-event CSR ratings demonstrated stronger stock performance during the early stages of the public health emergency in 2020. These results remain robust across various checks and are supported by two instrumental variable approaches: local Confucian cultural influence and Lewbel's heteroskedasticity instrument. We further investigate the factors influencing the effectiveness of CSR in protecting firm value, revealing that CSR activities focused on shareholder responsibility are particularly effective. This protective effect is most pronounced in firms facing poorer financial conditions, lower proportions of institutional investors, heightened industrial competition, and those not operating in socially sensitive industries. Overall, our findings provide evidence that active engagement in CSR can enhance a company's resilience to negative shocks during global health crises.

Assessing Financial Stability through ESG: The Impact of Sustainable Finance on Commercial Banks listed in Pakistan Stock Exchange (PSX)

The notion of sustainable finance, which encompasses environmental, social, and governance (ESG) considerations, has become increasingly prominent in assessing the financial resilience of companies, particularly within the banking industry, in recent times. The primary objective of this research is to examine the influence of ESG practices on the financial stability of commercial banks that are publicly traded on the Pakistan Stock Exchange (PSX). The study utilizes an extensive dataset of 10 years from 2014 to 2023 that includes significant ESG indicators as well as financial performance metrics, spanning multiple years. The study seeks to analyze the impact of sustainable finance practices on the overall financial stability of the chosen banks using advanced statistical techniques and regression analysis. The results of this study are anticipated to provide insight into the possible advantages and drawbacks of incorporating ESG factors into the operational plans of commercial banks. Moreover, this study will make a valuable contribution to the current body of knowledge on sustainable finance, particularly in the context of emerging economies like Pakistan. In such markets, the importance of ESG factors in shaping financial decision-making is undergoing rapid transformation.

Small Steps, Big Security: TAM-Powered Insights of Cybersecurity Adoption Among Small-And-Medium Entrepreneurs in Digital Business

Embracing digital business enhances company resilience, yet small and medium-sized enterprises (SMEs) often lack resources to combat cyber threats, unlike larger enterprises. Sophisticated cyberattacks surpass standard antivirus software, necessitating a shift in cybersecurity strategies. Therefore, this study aimed to investigate the relationship between knowledge, perceived usefulness, perceived ease of use, and the adoption of cybersecurity among small-and-medium entrepreneurs in Perak, Malaysia. Guided by the Technology Acceptance Model (TAM), this ongoing research employed a quantitative approach by distributing questionnaires to 400 digital entrepreneurs in the small and medium-sized business sectors in Perak. The findings revealed that the majority of entrepreneurs possessed a relatively high level of knowledge about cybersecurity. Furthermore, the study identified a strong positive correlation between knowledge and perceived usefulness (correlation coefficient r = 0.639), as well as a moderately positive correlation between knowledge and perceived ease of use (correlation coefficient r = 0.435) among small and medium entrepreneurs in Perak. Consequently, this study contributes to a better understanding of the Technology Acceptance Model (TAM) within the context of perceived usefulness, perceived ease of use, and the adoption of cybersecurity, thereby enriching the existing literature on cybersecurity among small and medium entrepreneurs in the era of digital business.

Managerial and Organizational Implications Arising from the Implementation of Blockchain Technology in Supply Chains: An AS-IS and To-Be Analysis

Purpose: The main objective of this research is to highlight the managerial and organizational implications for businesses resulting from the implementation of blockchain logic and technologies. The functionalities of blockchain technologies are compared with the traditional approach to supply chain management to emphasize the impact they can have on managing intra-supply chain relationships and the organizational structure of companies involved in supply channels. Design/methodology/approach: To conduct this study, a conceptual study was carried out, starting from an analysis of the main characteristics of blockchain technologies, to build an AS-IS scenario compared with the TO-BE scenario resulting from the implementation of these technologies within supply chains. To conduct this study, conceptual categories of the viable system approach and process management perspective were utilized. The conceptual analysis was performed using a matrix representation, which correlates material, informational, and financial flows with the dimensions of traceability, transparency, and efficiency, before and after the implementation of blockchains in managing supply chain transactions. Findings: The study highlighted how the principles underlying blockchain can lead to overcoming the traditional indispensable search for trust among supply chain operators. Therefore, through these results, it is possible to hypothesize an improvement in the resilience conditions of companies operating in block–supply chains. Originality/value: This study contributes to investigating the relationship between blockchain and operational consonance among operators in managing interorganizational processes to improve conditions of efficiency, traceability, and transparency, which are functional in the resilience of companies involved in the supply chain compared to the changing dynamics of the context. Research implications: Trustless logic in the implementation of blockchain technologies leads to the configuration of a new concept of trust, connected to the entire supply chain system, as a result of the improvement in the security, visibility, and efficiency conditions of transactions. The increased visibility and transparency developed in block–supply chains prompt all actors involved in the supply chains to rethink information management, given the reduction in informational asymmetries and, thus, the optimization of transaction costs.

Analysing the Condition of PT Indofood Sukses Makmur Tbk During 2020-2022

During the period 2020 to 2022, the financial reports reported by PT Indofood Sukses Makmur Tbk illustrate that this company was able to survive during the pandemic when almost all companies experienced a decline in turnover, so that quite a few companies went out of business. A company's resilience in maintaining financial performance greatly influences the company's condition so that it remains viable and stable when the country's economy is not doing well. The aim of this research is to determine the condition of the company PT Indofood Sukses Makmur Tbk in the 2020-2022 period using descriptive quantitative research. The problem formulation in this research is the condition of PT Indofood Sukses Makmur Tbk based on ratio analysis, comparison ratio, common size ratio, time series ratio and bankruptcy ratio. The research results show that the ratio analysis shows that the company has more internal cash compared to other current assets. This cash was obtained from short-term and long-term bank loans as well as bonds payable. For the activity ratio, it is indicated that the company is experiencing problems in collecting receivables from its colleagues. For the profitability ratio, the company has not been able to generate profits in accordance with industry standards. Regarding the comparison ratio, in general the comparison value during the research period decreased, as did the time series ratio which experienced a decrease. Meanwhile, in the bankruptcy ratio, the company is indicated as bankrupt but is experiencing a slow increase.

The Role Of Risk Management In Enhancing Company Resilience

The Role Of Risk Management In Enhancing Company Resilience

A Company Analysis of XPENG Based on the Internal and External Environment

This paper examines the strategic evolution of XPENG Automobile within the burgeoning new energy vehicle sector. Through a SWOT analysis, it identifies the company's robust market momentum juxtaposed with pressing challenges in product upgrading and differentiation. Leveraging internal and external environmental evaluations, the study emphasizes the necessity for XPENG Automobile to bolster capital profitability, innovate core technologies, and diversify market strategies to enhance its competitive positioning. Furthermore, the paper delves into the multifaceted development risks facing XPENG Automobile, encompassing internal limitations in financing and after-sales services, necessitating a drive towards operational efficiency optimization. It advocates for proactive risk mitigation and the exploitation of emerging opportunities to reduce reliance on mainstream market trends and foster pioneering innovations. The paper sheds light on industry-wide dynamics by drawing insights from XPENG Automobile's journey as a trailblazer in China's new energy vehicle landscape. It underscores the company's resilience in navigating policy shifts and venturing into new markets, serving as a guiding example for the broader advancement of new energy vehicles in China.

The Effect of Green Infrastructure Investment, Capital Structure, and Operational Efficiency on Financial Performance of Companies in Central Java

This study investigates the influence of green infrastructure investment, capital structure, and operational efficiency on the financial performance of companies operating in Central Java. A quantitative research approach was employed, utilizing survey data collected from 173 companies across various industries. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), with hypothesis testing conducted to assess the significance of the relationships between the variables. The results indicate significant positive associations between green infrastructure investment, capital structure, operational efficiency, and financial performance. Specifically, companies that prioritize sustainability initiatives, maintain optimal capital structures, and enhance operational efficiency tend to achieve superior financial performance outcomes. These findings highlight the multidimensional nature of value creation within organizations and underscore the importance of integrating environmental and operational considerations into strategic decision-making processes. The implications of the study extend to policymakers, business leaders, and stakeholders seeking to enhance the financial sustainability and resilience of companies in Central Java.

The Ability to Innovate and Adaptability to Create New Business Models Helps Businesses Recover Faster: A Case Study of Smes in Vietnam.

The COVID-19 pandemic has had effects not seen in other crises, and SMEs are attempting to recover in the economy, according to one conclusion that may be made from the study's findings on the economy after COVID-19. The main goal of this study is to analyze the connection between knowledge management and company resilience. The study involved surveying 100 individuals and using SmartPLS4 to analyze the results. The data was highly reliable, with a Cronbach's alpha of 0.938 and an R square value of 0.887. The results revealed that knowledge management significantly promotes corporate resilience, and the research model can be applied to many businesses.

Financial stability strategies for oil companies amidst high volatility in the global oil products market

The increasing instability within the global oil sector poses a challenge for contemporary companies to devise and implement effective financial stability strategies. The aim of this study is to analyse the financial stability strategies employed by oil companies, explore alternative approaches amidst the global volatility of the oil market, and develop a methodological framework for evaluating financial strategies, utilising an alternative options matrix. The author's methodological approach is proposed: a matrix of the company's alternative financial strategies is created. In this study, data from the top 10 largest oil companies in the world for the years 2015–2019 were utilised. Exxon Mobil and CNPC exhibit the lowest level of financial stability. A sustainable growth strategy is necessary for Aramco, Rosneft, and ADNOK. Kazmunaigas should adopt a strategy focused on ensuring financial stability in the event of adverse external conditions. For Exxon Mobil, maintaining financial stability is a relevant strategy. CNPC should consider implementing a financial stabilisation strategy contingent upon favourable market dynamics. The practical significance of the research results lies in providing specific conclusions and recommendations regarding optimal financial stability strategies for oil companies and stakeholders amidst global market volatility conditions. The analysis of the alternative financial strategies matrix may serve as a foundation for managerial decision-making aimed at ensuring company resilience in fluctuating economic environments and enhancing their competitiveness.

Green Growth and Beyond: The Influence of Environmental Practices, Financial Management, Market Access, and Digital Integration on the Resilience and Sustainability Business Practices of MSMEs in Indonesia

This study looks into how market accessibility, digital integration, financial management, and environmental practices affect the sustainability and resilience of Micro, Small, and Medium-Sized Enterprises (MSMEs) in Indonesia. Data analysis is done using Structural Equation Modeling with Partial Least Squares (SEM-PLS) in a quantitative manner using a sample of 274 MSMEs. The diversity of the sample with respect to industry sectors, geographic regions, and company sizes is demonstrated by descriptive statistics. The structural model findings show positive and substantial correlations between the elements under investigation and company resilience and sustainability, while the measurement model analysis validates the validity and reliability of the constructs. The results are stable, as supported by bootstrapping analysis, and the model fit indices show good predictive relevance. The findings are interpreted in the discussion, which also provides policymakers and business practitioners with useful insights. The study adds to our theoretical understanding of MSME dynamics and offers guidance on how to develop resilient and sustainable business practices.

Job satisfaction’s effects on fraud intentions on employees of financial companies in Semarang City

Today's business economic competition encourages companies to maximize the potential of human resources. Ideally, human resources have the capacity, capability, and integrity to maintain resilience in the business world, especially financial companies. However, the reality is that in Semarang City there are still fraud intentions in the form of corruption in employees of one of the banks, which has the potential to reduce company resilience. Job satisfaction is a reflection of workers' attitudes in responding to the work environment, this is related to the level of fraud intentions. This study aims to analyze the effect of job satisfaction on fraud intentions in employees of financial companies in Semarang City. The method used is quantitative-based with data collection techniques in the form of distributing questionnaires to 30 samples. The research data were tested using tests of validity, reliability, normality, linearity, and homoscedasticity. A simple linear regression analysis was performed for the impact of job satisfaction on fraud intensity. The results of this study show that there is a positive influence between job satisfaction and fraud intentions. The suggestion for future research is to extend the research period and take samples from all industries registered in Indonesia in various cities so that the research results can be used as generalizations.

Analysing the Impact of Crises on Financial Performance: Empirical Insights from Tourism and Transport Companies Listed on the Bucharest Stock Exchange (during 2005–2022)

To adapt to the business environment, organisations adhere to management strategies capable of removing the effects of negative events, transforming themselves into resilient organisations. Physical and mental difficulties are the consequences of recent corporate developments, and protecting these organisations is a significant concern for managers. Using regression analysis of panel data, we evaluate the effectiveness and performance of 34 tourism and transport companies listed on the BSE in the 2005–2022 period by testing the effect of leverage on financial performance. Then, we focus on identifying the effects of recent crises (the global financial crisis of 2007–2008 and the COVID-19 pandemic) on financial performance and, implicitly, on organisational resilience. The findings suggest that the research hypotheses were partially validated, noting that the indicators included in the study registered significant decreases for the COVID-19 crisis period compared to the global financial crisis period. The paper provides information on measuring the resilience of companies through their ability to withstand the global financial crisis and the crisis triggered by the COVID-19 pandemic. This study is also among the first to examine the role of financial crises in the leverage and financial performance relationship in Romania.

Corporate Resilience and Competitiveness Relying on System Digitalization Through Ambidextrous Innovation

The business process of shipping agencies in the post-pandemic is facing adjustments in providing services to customers. A digitalization system carried out by shipping agencies is a solution to respond to these changes and enable shipping agency businesses to survive. This study explored the extent of the impact of system digitalization on the resilience of shipping agency companies and also on the company's competitive advantage mediated by ambidextrous innovation. This study was conducted on 192 shipping agency companies that are members of shipping agency associations in Indonesia's main ports. Data collection was carried out by distributing questionnaires online then data processing was carried out and analysis was carried out, both descriptive statistical analysis and inferential statistics using WarPLS. The research results showed that the existence of a system digitalization program increases company resilience. Likewise, the existence of a system digitalization program also increases the company's competitive advantage. With a proactive response in the form of ambidextrous innovation from the company, digitalization is increasingly showing a significant influence on the company's resilience and also on the company's competitive advantage. The results of this research provide additional empirical contributions in proving the RBV-based theory of competitive advantage where with breakthrough innovation and adaptation to digitalization of the system which is part of the empowerment of company resources aimed at producing service products that are of unique value and cannot be imitated by competitors so that they have a competitive advantage for the company. The results of this research also provide a practical contribution to the shipping agency industry where it cannot be denied that the system digitalization process followed by ambidextrous innovation will increase the company's resilience and produce competitive advantage for the company as well.

THE POWER OF SOCIAL NETWORKS - HOW DOES DIGITAL COMMUNICATION SHAPE THE REPUTATION OR NOTORIETY OF BUSINESSES?

The present study aims to analyze the effects of digital communication on brand notoriety using a methodology that combines a descriptive approach and an analytical approach in order to better understand the relationship between digital communication and brand reputation. It also attempts to highlight the essential role of digital communication in the segmentation, targeting, and differentiation of brands. The analysis carried out in this study also suggests that digitalization is crucial for the sustainability of Algerian companies, particularly in times of crises like the Covid-19 pandemic. Indeed, this research aims to contribute to a better understanding of the challenges of digital communication for the notoriety and resilience of companies.

ЗАБЕЗПЕЧЕННЯ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПІДПРИЄМСТВА І КОНКУРЕНТОСПРОМОЖНОСТІ НА ЗАСАДАХ ІННОВАЦІЙНОГО РОЗВИТКУ

The article examines the key components of economic security of the enterprise, including financial, production, marketing, information and personnel security, as well as innovative approaches to their provision. In particular, the introduction of the latest technologies, such as automation, digitalization, the Internet of Things (IoT), 3D printing and energy-efficient technologies, significantly affect the economic security of the enterprise, contributing to increased efficiency, reduced costs and improved product quality. It has been determined that the automation and robotics of production processes reduce the human factor, which leads to a reduction in errors and an increase in accuracy. The use of digital technologies allows for constant monitoring of production processes in real time, which ensures prompt response to any deviations and breakdowns. The introduction of the latest materials and technologies, such as 3D printing, allows you to create more complex and high-quality products, reducing production costs. Innovations in the field of energy efficiency help reduce energy consumption and resource costs, increasing the company's resilience to environmental challenges. It is substantiated that innovations determine the ability of the enterprise to remain competitive and adaptive to changes in market conditions. Development of new products and services, improvement of quality and differentiation of products, flexibility and speed of response, as well as expansion of sales markets through the development of new distribution channels and globalization of activities allow enterprises to maintain and expand market positions. Thus, ensuring the economic security of the enterprise on the basis of innovative development is an extremely important task in the modern world. The use of innovative approaches allows enterprises not only to protect their economic interests, but also to ensure longterm growth and competitiveness. Enterprises that actively implement innovations have more chances to succeed in a dynamic and competitive environment, ensuring stable development and protection from economic threats.

The Influence of Financial Risk Hedging Practices on the Performance and Resilience of Companies Listed on the Zimbabwean Stock Exchange (ZSE).

The Influence of Financial Risk Hedging Practices on the Performance and Resilience of Companies Listed on the Zimbabwean Stock Exchange (ZSE).

The Effectiveness on Nike’s “Dream Crazy” Campaign

The investigation looked into the market-changing consequences of Nike's "Dream Crazy" campaign, which was launched to commemorate the 30th anniversary of the classic "Just Do It" campaign. According to the findings of the study, celebrity endorsements were important in motivating and resonating with customers, boosting and contributing to brand trust, and facilitating purchasing intentions. The fundamental theme of overcoming hardship and striving for excellence, as personified and reflected by a varied set of inspirational and motivating athletes, strongly linked and resonated with consumers intellectually, reinforcing brand values to an unprecedented level. Furthermore, Nike's emphasis on diversity and inclusivity strengthened its brand image as one that respects and promotes racial, ethnic, gender, and cultural differences, generating a sense of belonging among customers from diverse backgrounds. The adoption of the brand's distinctive, original, yet engaging brand values, demonstrating the company's resilience in the face of criticism and adversity, strengthened the relationship between Nike, its endorsers, and consumers, expanding the bond previously created between it and target customers. Overall, the "Dream Crazy" campaign has resulted in a stunning and revolutionary increase in brand value, stock prices, media exposure, and internet sales for Nike. The study shed light on the remarkable, outstanding, and shocking effectiveness of twenty-first-century marketing strategies and their current influence on brand perception, as well as customers' buying attitudes, intentions, and behaviors.