Consumer Goods Companies Research Articles

PENGARUH GOOD CORPORATE GOVERNANCE, LEVERAGE, DAN PROFITABILITAS TERHADAP CORPORATE SOCIAL RESPONSIBILITY PADA PERUSAHAAN FAST MOVING CONSUMER GOODS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021

Along with the rapid development of the business world, it requires companies to increase their attention to the social environment. Social responsibility is currently getting more and more attention in the business world. This study aims to find out how the effect of Good Corporate Governance, leverage, and profitability on Corporate Social Responsibility (CSR) in Fast Moving Consumer Goods companies listed on the Indonesia Stock Exchange for the 2017-2021 period. Good Corporate Governance is proxied by institutional ownership, independent board of commissioners, audit committee. Leverage is measured by the Debt to Equity Ratio (DER), and profitability is measured by Return on Assets (ROA). The population in this study are Fast Moving Consumer Goods companies in the Food and Beverages sub-sector which are listed on the Indonesia Stock Exchange. Statistical analysis in this study used multiple linear regression analysis and used the IBM SPSS 23 analysis tool. Based on the results of the analysis it can be seen that the audit committee has an effect on Corporate Social Responsibility (CSR), while institutional ownership, independent board of commissioners, Debt to Equity Ratio (DER) and Return on Assets (ROA) have no effect on Corporate Social Responsibility (CSR). While the results of the F test show that all independent variables have an effect on Corporate Social Responsibility (CSR) simultaneously. Keywords : Institutional Ownership, Independent Board of Commissioners, Audit Committee, Leverage, Profitability, and Corporate Social Responsibility (CSR)

The Effect of Corporate Governance, Sales Growth, and Capital Intensity on Tax Avoidance

This study aims to determine the effect of corporate governance on tax avoidance, the effect of sales growth and the effect of capital intensity on tax avoidance in pharmaceutical manufacturing companies in the consumer goods sector listed on the IDX in 2020-2022. This study uses quantitative methods and focuses on hypothesis testing by using numerical variable analysis and statistical data analysis in manufacturing companies in the pharmaceutical consumer goods subsector listed on the Indonesian Stock Exchange (IDX). The type of research data used in this study is secondary data. The analysis method uses descriptive analysis, classical assumption test, and research hypothesis testing with a sample population of 10 companies. The results showed that corporate governance proxy independent board of commissioners has a positive impact on tax evasion, proxy institutional ownership has a negative influence on tax evasion, sales growth has a positive impact on tax avoidance, and capital intensity has a positive influence on tax avoidance from manufacturing companies in the pharmaceutical sector consumer goods sector in 2020-2022.

Customer Relationship Management. Websites Analysis of the Top Ten Consumer Goods Companies

Abstract Customer relationship management (CRM) became one of the marketing practices that is assumed to bring success to companies in recent years. Therefore, the present research aims to identify the level of development of CRM in the top ten consumer goods companies as ranked at world level in 2021. Different models describe components of the CRM and the present research uses the theoretical framework proposed by Sin et al. (2005) that comprises four CRM dimensions: key customer focus, CRM organization, knowledge management and technology-based CRM. The methodology employed includes documentary research based on the public information available on the websites of the selected companies. Two types of analyses are conducted, descriptive analysis and comparative analysis. On overall, the dimension that is the most visible is the key customer focus, while the dimension that is the least visible is CRM organization. The results reveal that CRM is present in all top ten companies, but at different levels of development. US companies are more oriented towards CRM than companies originating from other countries. Companies that have a more developed CRM act in the direction of all four CRM dimensions.

Moderating Impact of Inflation Rate on the Relationship Between Capital Structure and Financial Performance of Nigerian Consumer Goods Companies

The study looked at the relationship between listed consumer companies in Nigeria's capital structure and financial performance, as well as the moderating effect of inflation. While debt to equity was utilised as a capital structure variable, return on asset (ROA) was used as a gauge of financial success. The 13 sampled organisations' audited annual reports covering the 10-year period from 2013 to 2022 were where the study's data came from. Robust fixed effect regression was used in the study as a method of analysis and hypothesis testing. The outcome demonstrates that inflation has a negative moderating effect on capital structure and ROA as well as a negative and significant negative impact on return on assets. According to the study's findings, high leverage businesses in Nigeria's consumer goods industry will struggle financially. The negative impact of debt in the capital structure on the financial performance of listed consumer goods firms in Nigeria is also exacerbated by inflation. According to the report, management of publicly traded consumer goods companies should evaluate their capital structure in light of rising inflation and develop a comprehensive financial strategy that takes their long-term goals and objectives into account. This could entail managing debt levels, optimising capital structure, and giving investments with long-term returns first priority.

Assets Impairment Disclosure (IAS 36) and Real Earnings Management Practices of Listed Consumer Goods Companies in Nigeria

Assets Impairment Disclosure (IAS 36) and Real Earnings Management Practices of Listed Consumer Goods Companies in Nigeria

Cash conversion cycle across industries

The purpose of this research is to assess whether the Cash Conversion Cycle differs between industries, by looking at Days Inventory Outstanding, Days Sales Outstanding and Days Payables Outstanding. This research provides an overviewof Cash Conversion Cycle in two different industries and discusses how each component influences Cash Conversion Cycle. It uses a sample of 172 data points (43 firms) from multinational companies operating worldwide. Based on data retrieved from Bloomberg and from the annual reports of 23 Fast-Moving Consumer Goods companies and 20 major airline companies, a univariate and bivariate (correlation) analysis was done. The analyses for both industries cover four years, from 2009 to 2012, a time span that includes a period of economic downturn. The findings suggest that Cash Conversion Cycle differs between industries. It also differs depending on the size of the company. While its components – Days Inventory Outstanding, Days Sales Outstanding and Days Payables Outstanding – directly affect Cash Conversion Cycle, there are also other factors at play, such as inventory costing system, bargaining power with suppliers and customer credit policies. The economic downturn, and particularly the specificities of each industry make this overview relevant. The research addresses managers who should take Working Capital Management decisions, which can extend or reduce Cash Conversion Cycle, as it contributes to a better understanding of how the size of a firm, its inventory system, liquidity, and payables are associated to the Cash Conversion Cycle and consequently affect companies’ profitability.

The Effect of COVID-19 on Consumer Goods Sector Performance: The Role of Firm Characteristics

This study investigates the impact of the COVID-19 pandemic on company performance in the consumer goods industry. Additionally, it explores how company characteristics influence the relationship between the pandemic and company performance based on industry type and region. Analyzing data from 1491 companies across 79 countries between 2018 and 2022, we utilized ordinary least squares (OLS) with robust standard errors. Our findings confirm the pandemic’s overall adverse effect on the performance of consumer goods companies. However, variations emerged when examining diverse industries and regions. Notably, larger companies, particularly in the Americas, Europe, and Asia–Pacific, demonstrated greater resilience and performance during the pandemic. Furthermore, effective leveraging, especially in the Americas and Asia–Pacific, contributed to supporting performance amid the pandemic. These results hold crucial policy implications for companies aiming to enhance their performance in the face of health crises.

INFLUENCE SIZE COMPANY, QUALITY AUDIT, GOOD CORPORATE GOVERNANCE AND LIQUIDITY TO OPINION AUDIT GOING CONCERN COMPANY GOODS CONSUMPTION REGISTERED IN BEI YEAR 2019-2021

Company size, audit quality, good company leadership, and liquidity influence reception opinion auditing, which becomes attention. In market capital, this registered good company, big and small companies. Large and small companies alike have assets. A big company usually owns more Lot access than a small company. Large companies often get audit opinion concerns Because of the ease of obtaining funds. This research aims to evaluate the influence of company size, audit quality, good company management, and liquidity on a worrying audit opinion from a consumer goods company registered on the IDX between 2019-2021. Financial report data is the data source used in this research. This research analyzes Consumer Goods Companies Listed on the IDX 2019-2021. During the 2019–2021 research period, the sample selection technique was purposively used for choosing 61 companies. Results show that Opinion Auditing Going Concern Consumer Goods companies registered on BEI 2019-2021 are not influenced by the size of the Company, Quality Auditing, Good Corporate Governance, And Liquidity. Analysis data was done with analysis regression logistics in SPSS.

The Determinants of Dividend Policy in the Consumer Goods Industry Listed on the Indonesia Stock Exchange

The purpose of this research is to understand and conduct empirical research to determine whether profitability variables, company size, liquidity, institutional ownership level, and leverage are determinants of dividend policy in consumer goods companies listed on the Indonesia Stock Exchange. This research is conducted due to issues found in previous research results, which indicated that among the explanatory variables, some have a positive, negative, or even no significant impact on dividend policy. The research population consists of all consumer goods companies, totaling 65 companies listed on the Indonesia Stock Exchange. The sampling technique employed is judgment sampling, with 12 companies selected as the sample. The results of the data analysis conclude that among the five explanatory variables, only two determinant variables significantly affect dividend policy, namely profitability and institutional ownership. Among profitability and institutional ownership variables, it turns out that profitability has a greater impact on dividend policy.

Working Capital Management And Firms’ Profitability In Emerging Markets: The Case Of Nigeria Listed Consumer Goods Companies

Detrimental impact of various global financial crises on manufacturing enterprises' ability to meet their financial obligations as well as recover money from customers has rendered numerous businesses inoperable. This study examined working capital management and firms’ profitability in emerging market, Nigeria listed consumer goods companies for the period 2011-2021. Data were extracted from the financial statement of the sampled companies with the use of purposeful sampling technique. Using the GMM estimator technique, the finding revealed that account payable has positive and statistically significant effect on return on equity while cash conversion circle has negative and insignificant effect at 5% level of significant respectively. The study concluded that accounts payable was found to increase the likelihood of profitability. Therefore, governments should make efforts to provide adequate infrastructure, such as a constant and stable electricity supply, a good road network, and a rail system, to facilitate cost-effective production and the movement of goods.

Marketing of Fast-Moving Consumer Goods (FMCG) at Tourist Destinations: A Case Study of Shampoo Preference at Yelagiri Hill Station

Tourist destinations represent a unique marketing opportunity for Fast-Moving Consumer Goods (FMCG) companies. Vellore District, located in the southern Indian state of Tamil Nadu, is known for its historical and cultural attractions, making it a prime location for tourists. This research study explores the marketing strategies employed by FMCG companies in Vellore District and analyzes the factors that influence consumer behavior in this unique setting. Through a combination of surveys, interviews, and data analysis, this study provides valuable insights into how FMCG companies can effectively market their products in tourist destinations in particular with shampoos.

The Financial Statement Analysis of PepsiCo

This paper analyzes the business strategy and financial performance of PepsiCo. PepsiCo is one of the most successful consumer goods companies in the world. With the demand of business expansion, PepsiCo has just experienced the 2019 coronavirus disease period. It is necessary to have an in-depth understanding of PepsiCo's performance to understand what strategy PepsiCo is taking and PepsiCo's performance in this unique period. I have determined the strategy of Starbucks through Porter's five forces analysis, SWOT analysis and value chain analysis, and given the overall strategy adopted by PepsiCo. Next, i will first give an overview of PepsiCo' annual report. Then, i made a common size analysis on the three financial data. This analysis reveals PepsiCo's ability to operate well and generate revenue in the future. It is hoped that it can provide enlightenment for the operation of consumer goods companies, and stakeholders can have a new understanding of PepsiCo.

Building an energizing customer bond model in the consumer goods industry: the evidence of sales force-retailer relations in Indonesia

Abstract This study aims to develop a conceptual framework that describes efforts to improve sales force performance using a relevant theoretical approach. The novelty of this study was developed and synthesized from relevant marketing theories. It is a conceptual model construction that proposes Energizing Customer Bond (ECB) as an intervening variable to address the research gap in explaining the influence of relational capital on the performance of salespeople at consumer goods companies. This study involved salespeople at large-scale fast moving consumer goods (FMCG) companies in Indonesia. The acceptance of all of the hypotheses proposed in this study shows the importance of relational capital, ECB, and value-based selling in driving the performance of the sales force. ECB, as a proposed novelty, is also proven as a mediating variable, thus clarifying the relationship between relational capitals in improving sales force performance.

Assess the Impact of Supply Chain Practices on Improving Organizations Performance An Applied Study on One of the Fast-moving consumer goods (FMCG) Companies in the Egyptian Context

Assess the Impact of Supply Chain Practices on Improving Organizations Performance An Applied Study on One of the Fast-moving consumer goods (FMCG) Companies in the Egyptian Context

Trade Receivable Management and Financial Performance of Listed Consumer Goods Companies in Nigeria

The general purpose of this study is to determine whether trade receivable influences the financial performance of listed consumer goods companies in Nigeria. The specific objectives are: to ascertain if Account Collection Period (ACP) influences Net Profit Margin of listed consumers goods companies in Nigeria, to investigate if Account Receivable Turnover (ART) influences Net Profit Margin of listed consumer goods companies in Nigeria, to evaluate if Account Collection Period (ACP) influences Return on Asset of listed consumer goods companies in Nigeria, to determine if Account Receivable Turnover (ART) influences Return on Asset of listed consumer goods companies in Nigeria. The methodology adopted in the study was ex-post facto research design. The Secondary data used was obtained from annual report and account of ten selected consumer goods companies in Nigeria stock exchange from 2012-2021. The statistical tools used include descriptive statistics, Pearson correlation and multiple regression analysis. The finding showed that Trade Receivable had a significant positive relationship with Financial Performance. It was discovered that Account Collection Period had a negative relationship between Net Profit Margin and Return on Asset, while Account Receivable Turnover (ART) had a positive relationship between Net Profit Margin and Return on Assets. The study therefore concludes that trade receivable influenced financial performance. It was recommended among other that managers of listed consumer goods companies should adopt efficient credit policy that will ensure short period of account receivable in order to improve financial performance of their corporation.

Effect of Board Attributes on Financial Reporting Quality of Quoted Consumer Goods Companies in Nigeria

Effect of Board Attributes on Financial Reporting Quality of Quoted Consumer Goods Companies in Nigeria

Pengaruh Likuiditas, Solvabilitas, dan Kebijakan Dividen Terhadap Nilai Perusahaan Sebagai Keputusan Investasi Dalam Perspektif Ekonomi Islam

The company value which is always closely related to the stock price, is a point of view or investors in seeing the success of a company. The high or low value of the company can be caused by several factors that can influence investors decisions in making investment decisions. Thereore it is necessary to test to find out what factors can be affect the value of the company.
 This study aims to determine the effect of liquidity, solvency and dividend policy on company value, which is then carried out by stock valuation to assist investors in making investment decisions in Consumer Goods Companies lited on JII in 2012-2021.
 The results of study show that liquidity has a significant positive effect on firm value, meaning that companies that are able to pay debts on time can increase firm value. Solvability has a significant positive efect on firm value, meaning that the company has good credibility from the point of view of investors thereby increasing firm value. Dividend policy has a significant positive efect on firm value. Liquidity, solvency, and dividend policy have a positive effect on firm value because the higher the firm value, the greater the conidence of investors to invest in the company. Islamic economic principles can be used as a basis for investors and issuer who wish to implement sharia investment. The results of the stock valuation show that the average stock is classified as overvalued. The recomended investment decision is to sell the shares.

Financial Shenanigans in the Perspective of the Hexagon Theory

Financial Shenanigans are the actions of a person or group in a company by deliberately manipulating the company's financial statements to mislead users of financial statements, one of which is investors. This study aims to see the partial influence of Hexagon Theory on financial shenanigans. The sample of this research is companies in the primary consumer goods sector that are listed on the Indonesia Stock Exchange in 2017-2021. The sampling technique used was non-probability sampling and purposive sampling in order to obtain a total of 160 samples from 32 companies in the primary consumer goods sector. The analytical method used is analysis logistic regression and using SPSS 25 software. Based on the results of the entire series of studies conducted, researchers can conclude that, the opportunity variable proxied by the whistleblowing system, the rationalization variable proxied by auditor turnover and the collusion variable proxied by audit fees have no effect on financial shenanigans. Then the variable pressure is proxied by personal financial needs, the variable capability is proxied by the change of directors, arrogance is proxied by the frequency of CEO photos, and has an influence on financial shenanigans. Future research is expected to broaden the scope of data that is the object of research and it is suggested to further test other proxies that represent the Hexagon Theory factors, especially the rationalization, arrogance, and collusion factors and conduct further research on the collusion factor proxied by the audit fee so as to find the results maximum research.

The Effect of Debt Ratio by DJP and Liquidity Policy on Profitability in Consumer Goods Companies Listed on The Indonesia Stock Exchange

The purpose of this research is to examine and analyze the effect of the debt ratio policy and liquidity ratio on profitability in consumer goods companies listed on the Indonesia Stock Exchange for the period 2019-2022. The research population is all consumer goods companies listed on the IDX for the period 2019 – 2022, namely 41 companies. The sampling method in this study used purposive sampling so that a sample of 29 companies was obtained. Data analysis in this study used multiple regression by utilizing the SPSS statistical program version 24. The results showed that the debt ratio policy had a negative and significant effect on profitability in consumer goods companies listed on the Indonesia Stock Exchange in the period 2019-2022. Then liquidity was found to have no effect on the profitability of consumer goods companies listed on the Indonesia Stock Exchange for the period 2019-2022

The Influence of Tax Management and Debt on Profitability on Consumer Goods Companies Listed on The Indonesian Stock Exchange for The Period 2019-2022

The purpose of this study was to determine the effect of tax management and debt on profitability in consumer goods companies listed on the Indonesian Stock Exchange (IDX) in 2019-2022. The population of study is all consumer goods companies listed on the Indonesian stock exchange in 2019-2022, namely 41 companies. The sampling method used purposive sampling so that a sample of 29 companies was obtained. Data analysis used multiple regression analysis using the SPSS version 24 program. The results showed that tax management has no significant effect on profitability. Then debt has a positive and significant effect on the profitability. Finally, it was found that tax management and debt simultaneously affect the profitability of consumer goods companies listed on the Indonesia Stock Exchange for the period 2019-2022