Management Financial Performance Research Articles

Financial Performance and Green Supply Chain Management in a South African National Electrical Energy Provider

Introduction: The body of literature on green supply chain management (GSCM) in various organisations has increased steadily. However, contextual literature on GSCM is still limited, such as within the electrical energy sector in developing countries such as South Africa. Purpose/objectives: The study examined the relationships between internal GSCM (IGSCM), customer monitoring (CM) and -supplier monitoring (SM), customer-supplier collaboration (CC, SC), and financial performance at Eskom Holdings, the national electrical energy provider in South Africa. Design/ Methodology: The study employed a quantitative approach design on a sample of 350 supply chain professionals drawn from various Eskom depots nationwide. Hypotheses were tested using structural equation modelling based on the SMART partial least squares (PLS) technique. Findings: IGSCM positively impacted customer and supplier monitoring and collaboration, linked to higher financial performance. However, IGSCM negatively impacted financial performance. Practical implications: To managers in the electrical energy sector, the study suggests that implementing IGSCM, SM, CM, CC, and SC activities is key in influencing the level of FP. Similarly, it is important to implement IGSCM activities in tandem with customer and supplier monitoring and collaboration if gains in FP are to be realised. Originality/Value: This study contributes to GSCM literature as it is one of the few studies that explore IGSCM, customer and supplier monitoring, customer-supplier collaboration, and financial performance within a South African national electrical energy provider.

Correlation of Financial Management with MSME Performance: A Systematic Review of Literature

In the midst of global economic turmoil, Micro, Small and Medium Enterprises MSMEs in Indonesia play an important role as the backbone of the local economy. MSMEs face serious challenges that affect the performance of MSMEs. The novelty of this research lies in the approach of a combination of systematic literature review and in-depth empirical research. Involving stakeholders, especially MSME owners and financial management practitioners, provides valuable practical perspectives. This research has important implications for government policy, related institutions, business practitioners, and academia. The findings are expected to be a strategic guide for the development of training programs, more effective financial management models, and policies that support MSME growth. The method used in this study is Systematic Literature Review (SLR) by collecting and analyzing journals related to keywords. Based on the literature study conducted, it was found that the need for more in-depth regarding the relationship between financial management and MSME performance can provide policy guidance for the government and related institutions, as well as practical insights for MSME owners, business practitioners, consultants, and academics in developing financial management models that are more effective and relevant in the context of MSMEs in Indonesia. This research covers important aspects and makes a substantial contribution in the understanding of the relationship between financial management and MSME performance.

Evaluating the Impact of Financial Management Practices on an Organization’s Financial Performance: A Case Study of Hwange Colliery Company

The purpose of the study was to establish the impact of financial management practices on an organization’s financial performance. This analysis was driven by the organization’s declining profitability despite the efforts to deploy cost-cutting initiatives. As a consequence, the research looked into the impact of existing procedures in working capital management, fixed assets management, capital structure and investment practices. The descriptive research design was used in the study and quantitative research approach was adopted. The administrative personnel at Hwange Colliery Company, which numbered forty six, comprised the population and a sample of 30 was used. A questionnaire survey with structured questions was utilized. In the study, regression analysis and Pearson coefficient of correlation were employed to determine the link between the factors of financial performance and financial management techniques. It emerged that the financial management strategies had a substantial impact on Hwange Colliery Company financial performance. To maintain resource efficiency, the research recommends improvements in the areas of accounts receivable management and investment decision that is leading to losses if wrong decision are made.

Corporate ESG Investment: Factors Affecting the Economic Sustainability

ESG investing has gained prominence in sustainable development, yet its widespread adoption remains an evolving process. This paper comprehensively analyzes the factors influencing corporate ESG investment, considering technology, policy, investor performance, and social responsibility. The paper explores the definition and evolution of ESG, emphasizing its importance in promoting responsible business practices. It assesses the impact of emerging technologies like AI, blockchain, and renewable energy solutions on ESG practices. Industry-specific technologies in manufacturing, finance, and transportation sectors are also considered. The role of policies in shaping ESG investment practices is evaluated, examining regulatory frameworks, tax incentives, and reporting requirements worldwide. The effectiveness of these policies in encouraging ESG integration within corporate strategies is assessed. Investor performance is analyzed in relation to ESG, highlighting empirical evidence of its positive impact on financial performance and risk management. The growing demand for ESG-focused investments from institutional investors and its influence on corporate ESG practices are explored. The importance of social responsibility in driving ESG investment is emphasized, showcasing successful case studies of companies aligning their strategies with societal needs, enhancing brand reputation and stakeholder engagement. This analysis provides a holistic understanding of the dynamics surrounding corporate ESG investment. It underscores the need for technological advancements, supportive policies, investor demand, and social responsibility to foster widespread adoption of ESG practices. Ultimately, this paper emphasizes the collective consideration of these factors to promote sustainable development and a resilient global economy.

Organizational, Social, Economic and Financial Management Performance of Cooperatives

This study aimed to determine the level of organizational, social, economic and financial performance of cooperatives when taken altogether and when grouped according to variables and to determine if there is significant difference on the level of organizational, social, economic and financial performance of cooperatives when grouped according variables. This aims to know whether or not organizational, social, and economic performance of cooperatives significantly predict financial management performance of cooperatives. Descriptive-Quantitative design is used in this study and instrument used was the Cooperative Performance Report Questionnaire together with interview questions which were conducted through face to face interview. Organizational, Social, Economic and Financial Management Performance of Cooperatives in Negros Occidental when taken altogether is excellent, very satisfactory, excellent, and satisfactory, respectively. There is significant difference in the level of organizational performance when grouped according to variables. No significant difference in social performance when grouped according to variables. No significant differences in economic performance of cooperatives when grouped according to variables. In financial performance of cooperatives when grouped according to variables a significant difference existed, when grouped as to classification, however, no significant difference existed in financial performance of cooperatives when grouped according to age. Organizational, social, economic performances of cooperatives are predictors of financial performance. There is significant relationship between organizational performance and social performance, organizational performance and economic performance, organizational performance and financial management performance, social performance and economic performance, no significant relationship between social performance and financial management performance, economic performance and financial management performance, respectively. Cooperatives maybe encouraged to sustain excellent organizational, social, economic and financial management performances while very satisfactory and satisfactory performances needs improvement. Programs on the improvement of financial performance of cooperatives may be initiated by cooperatives or by proper authorities’ in-charge. Lastly, close and intensive monitoring of Cooperative performance is recommended.

Examining financial growth nexus of emerging European countries

PurposeBesides the extensive research on managerial efficiency in the financial sector worldwide, emerging economies in Europe remain untapped. This research scrutinises the impact of managerial performance and competitive structures on their financial industry growth in terms of services they offer and ability to liquefy stock in capital markets.Design/methodology/approachThis study contains data from selected emerging European countries' during the period of 2010–2020. This study uses data from the Heritage Foundation's Index of Economic Freedom to control for firm-level indicators. The fixed-effects (FE) method was used to explore the nexus between financial sector growth and management performance as well as competitive firm structure.FindingsThe findings provide evidence of the existing impact of firm indicators on the financial sector's growth. Two-step system the generalized method of moments (GMM) estimations are used for the robustness check of the authors' model. Whilst on a scavenger hunt through existing literature, the authors realise that there is an overwhelming lack of enthusiasm in this field.Originality/valueWith the intention of better assessment, the authors use regulatory contextual variables to look for any possible impacts and surprisingly discover a pattern in the financial growth nexus.

The impression of information system internalization on the sustainability of the quality of financial reports and their impact on local government performance

This study discusses a research gap concerning the incorporation of information technology in regional financial management. Specifically, it examines the factors influencing the implementation of information technology, including coercive, mimetic, and normative pressures, and their effects on the performance of regional financial management in the city of Palu. This research employs a quantitative approach. The utilization of a quantitative approach in this study can offer a suitable implementation model for all local governments to establish sustainable performance alignment. The participants in this study consisted of individuals who utilised the regional financial information system for all local government agencies in the city of Palu, as well as the heads of these government agencies. Questionnaires were distributed to the intended respondents online via the Google Form application, so that 81 responses were obtained from users of the regional financial information system in all agencies in the city of Palu and heads of agencies. The analysis tool used is the structural equation model with the help of WarpPLS 7.0 software. The results of the study show that coercive and normative pressure can affect the success of information technology implementation in local government environments. Institutionalization of information technology within the local government environment can improve the performance of regional financial management.

ANALYSIS OF FINANCIAL PERFORMANCE OF POLEWALI VILLAGE FUND ALLOCATION MANAGEMENT, SUPPA DISTRICT, PINRANG REGENCY

The research entitled Financial Performance Analysis of Village Fund Allocation Management in Polewali Village, Suppa District, Pinrang Regency. The purpose of this study is to analyze the form of fund allocation in Polewali Village and analyze the financial performance of financial management in improving village financial performance in Polewali Village. The type of research used is qualitative research to reveal the results of research descriptively. The focus of this research is intended to limit the results of empirical studies while limiting research to relevant matters. This research focused on the village fund budget management strategy in Polewali Village. Based on the explanation above, the data analysis techniques applied include three things, namely as follows: data reduction, data presentation and conclusions, and data verification. The results in this study are financial management carried out by Polewali Village in improving financial performance, namely the suitability of village fund financial performance in Polewali Village, Suppa District by using economic standards including carrying out village fund budget planning, implementing village financial performance. The Fund Budget reports the financial performance of the Village Fund Budget, making accountable the financial performance of the Village Fund Budget.

Determinants of Bank Performance through Camel Ratio, Digitalization, and Bank Size

In general, this research aims to analyze the effect of CAMEL’s factors, namely BOPO, CAR, NPL, and LDR on the bank's financial performance. As well as the external factors of Digitalization and Bank Size on the bank's financial performance. In this case, the bank's financial performance is proxied by ROA. The population in this study are conventional banks registered with the Financial Services Authority totaling 107 banks. The sampling technique used purposive sampling with a total sample of 10 banks that met the criteria. The approach used is panel data regression with a random effect model as the best model. Data analysis software uses E-Views 12. The results of this study found that BOPO and CAR have a negative effect on financial performance. LDR, Digitization, and Bank Size each have a positive effect on financial performance. But, NPL does not affect bank performance. From these results, banks are expected to be able to improve financial performance and bank management performance so that creditors have a good perception of bank performance in the future. And must be able to maintain the soundness of the bank by considering all possible risks that will arise. In research, bank digitization has shown quite good results. However, banks must continue to innovate on digital banking while continuing to be accompanied by an increase in the number of customers and pay attention to the infrastructure costs of digitalization.

Pengaruh Rasio Profitabilitas (NPM, ROA, Dan ROE) Terhadap Kinerja Keuangan Perusahaan Pada PT. Blue Bird, Tbk Yang Terdaftar di Bursa EfekIndonesia Tahun 2017-2022


 
 
 Many companies in Indonesia compete in an increasingly competitive business world to make a profit. One of them is a company in the field of reliable and trusted transportation services, namely PT. Bluebird, Tbk. Currently, the competition of transportation service companies is growing very rapidly. The emergence of competitors forces the company to improve its financial performance. Company PT. Bluebird, Tbk experienced a decrease in revenue. The decline in revenue makes the company must think about the sustainability of its financial performance and think about strategies that will be applied for the sustainability of its business. The purpose of this study is to determine the effect of profitability ratio (NPM, ROA, ROE) on the Company's Financial Performance at PT. Blue Bird, Tbk Listed on Indonesia Stock Exchange in 2017-2022. In previous research, it was stated that there is an industry standard value profitability ratio that affects financial performance. The industry standard value for NPM > 5%, ROA > 9%, and ROE > 15%. If the value of NPM, ROA, and ROE is more than the same as the average value, the company can manage financial performance management well, and vice versa. The results of this study provide the fact that the profitability ratio that affects the financial performance of PT. Blue Bird, Tbk is NPM. The result of the average percentage of NPM value of PT. Bluebird points out that more sales have an impact on the company's net profit, which means the company's financial performance is also better. Meanwhile, the profitability ratio of ROA and ROE does not affect the financial performance of PT. Blue Bird, Tbk. This is because the company in managing its total assets and equity has not been able to improve its financial performance.
 
 

The relieving effect of innovation in enterprise financial performance management model on employee anxiety disorders

BackgroundWith the complexity of enterprises’ operating environment, employees face increasing work pressure and task requirements, which may increase anxiety symptoms. Effective financial performance management can improve enterprises’ economic benefits and create a more stable and positive work atmosphere for employees. This study explores the effectiveness of innovative financial performance management models in alleviating employee anxiety.Subjects and MethodsFive companies were selected for innovative financial performance management models, with 1,200 employees participating in the study. The study subjects were evaluated using the Self-Rating Anxiety Scale (SAS) and Hamilton Anxiety Scale (HAMA). The experiment lasts one year and tracks, studies, and evaluates employees’ anxiety symptoms and job satisfaction.Results Through the innovation of the financial performance management model, 75% of employees stated that their work pressure was significantly alleviated. At the same time, employee job satisfaction increased by 23%. In the mental health assessment, anxiety symptoms among employees who experienced innovative management models decreased by 18% compared to before the reform.ConclusionsThe innovation of enterprise financial performance management mode not only promotes the economic benefits of the enterprise but also effectively alleviates employees’ anxiety symptoms and improves their job satisfaction. To ensure the sustained and healthy development of enterprises and the psychological health of employees, it is recommended that more enterprises consider innovating and optimizing their financial performance management models.

Budgeting Participation, Managerial Roles and Competence on Financial Management Performance

This study investigates the effect of budgeting participation, managerial roles, and competencies on financial management performance at the Jayapura Main Port Authority Office. The data in this study used primary data collected by distributing questionnaires to all respondents filled in with several statements with five answer options that would be weighted scores. The collected data will be analyzed through four stages of testing. The first stage is to conduct a descriptive analysis. The second stage is to conduct a data quality test consisting of a validity and reliability test. The third stage is the classical assumption test (normality test, multicollinearity test, heteroscedasticity test). The fourth stage is to test all hypotheses proposed in this study, which will be proven through partial tests and the coefficient of determination test. The research findings reveal that despite high levels of budgeting participation and favorable perceptions of managerial roles and employee competencies, only competencies significantly improve financial management performance. Despite positive views of budgeting participation and managerial roles, neither showed a statistically significant influence on performance outcomes. This study underscores the importance of subordinate involvement in budgeting and the need for professionalism, transparency, and accountability in government financial management. The study confirmed the statistical validity of the model, including normality, absence of multicollinearity, homoscedasticity, and autocorrelation. The implications of these findings suggest that future research should consider alternative decision-making processes and strategies to enhance competencies, thereby improving financial management performance in similar government environments.

중소기업의 해외진출 동기가 경영성과와 후속투자의도에 미치는 영향

Recently, small and medium-sized companies have been responding to the trend of globalization by penetrating overseas markets and increasing overseas investment. In the face of such a rapidly changing business environment and intensifying competition, this study investigated the impact of SMEs' motivation to enter overseas markets and subsequent investment intentions through management performance. From February 7 to April 6, 2022, a self-report survey was conducted on small and medium-sized enterprises in Busan and Gyeongnam that did business in foreign countries. The results are as follows: First, as a result of analyzing the hypothesis that management performance will affect subsequent investment intention, both financial and non-financial management performance had a statistically significant effect on subsequent investment intention. Second, as a result of analyzing the hypothesis that there will be a difference in the effect of SMEs' overseas expansion motivation on subsequent investment intentions through management performance depending on the type of business of corporations and individuals, it was confirmed that there is a partial difference.

The impact of financial technology and risk management practices on corporate financial system profitability: evidence from Kuwait

A vital element of the stability of banking institutions is the presence of an effective risk management system, as well as the financial stability of the corporate sector of the economy in terms of the fulfilment of assumed credit obligations. This study investigates the relationship between financial technology (Fintech) adoption, risk management practices and corporate profitability in Kuwait. The object of the study was 62 industrial enterprises registered on the stock market of Kuwait as of 2022. Methods of descriptive statistics, least squares method for estimating regression model parameters, and correlation analysis served as methodological tools of this study. This study aims to overcome the gaps in theoretical justification and empirically prove the existence of a relationship between the implementation of financial technologies and risk management methods. The results showed a positive correlation between the development of financial technologies and return on assets (correlation coefficient 0.6540), which indicates that implementing innovative financial technologies will contribute to improving the efficiency of banking institutions. The strong and positive correlation between the effectiveness of risk management and the profitability of business entities emphasizes the importance of responsible risk management practices for increasing banking institutions’ profitability. Based on the results of building a regression model, it was established that fintech has a significant impact on indicators of the return on equity of economic entities (р<0.050, t = 1.7700). The originality of this study lies in its focus on Kuwait and the Middle East as a whole and in its exploration of the relationship between corporate financial system profitability, risk management strategies and Fintech adoption. The use of innovative technologies (advanced analytics, artificial intelligence and blockchain) increases the effectiveness of risk management, which contributes to rational decision-making and a better understanding of the banking institution’s potential risks and development opportunities. This study contributes significantly to the existing literature by highlighting the relationships between financial technology innovation adoption, risk management and business financial performance in a market environment in the Middle East.

Evaluation of the performance of financial management in SMEs of the manufacturing industrial sector in Ciudad Nezahualcóyotl, State of Mexico

Evaluation of the performance of financial management in SMEs of the manufacturing industrial sector in Ciudad Nezahualcóyotl, State of Mexico

Financial Risk Management and Financial Performance of Investment Firms Listed at Nairobi Securities Exchange, Kenya

Financial Risk Management and Financial Performance of Investment Firms Listed at Nairobi Securities Exchange, Kenya

The Influence of Financial Performance and Profit Management on Company Value

The Influence of Financial Performance and Profit Management on Company Value

PENGARUH KEPEMIMPINAN, KOMUNIKASI DAN MOTIVASI KERJA TERHADAP KINERJA PEGAWAI DINAS PENDAPATAN PENGELOLAAN KEUANGAN DAN ASET DAERAH KABUPATEN SIKKA

The purpose of this study was to test the effect of leadership on performance of employees Ravenue Financial Management and Regional Assests Official in Sikka, communication on performance of employess Ravenue Financial Management and Regional Assets Official in Sikka, work motivation on performance of employess Revenue Financial Management and Regional Assets in Sikka, leadership, communication, and motivation work together/ simultaneously on performance of employees Revenue Financial Management and Regional Asset Official in Sikka. The population in this study were all employees at the Ravenue of Financial Management and Regional Assets Official in Sikka which totaling 110 and 86 people of that number research sample used proportionate random sampling method with error level of 5%. The researcher used Multiple Linear Regression Analysis, t Test, F Test and Analysis of Coefficient of Determination. The analysis was found that: The effect of leadership was positive and significant on performance of employee Ravenue Financial Management and Regional Asset Official in Sikka, the effect of communication was positive and non significant on performance of employee Ravenue Financial Management and Regional Asset Official in Sikka,the effect of work motivation was positive and non significant on performance of employee Ravenue Financial Management and Regional Asset Official in Sikka, leadership, communication, and motivation work together / simultaneous was positive and significant on performance of employee Ravenue Financial Management and Regional Asset Official in Sikka. It was recommended that the leadership of these three variables can manage the employees to work based on the duties and each functions in order to achieve organizational goals.

Will a High-Performance Finance Function Company Become a High Performance Organization?

Each company has a different performance and competitiveness from other companies. This performance determines their resilience to face various economic conditions, including economic contraction due to the Covid-19 pandemic. Various kinds of literature state that High-Performance Organizations (HPO) are related to their financial management performance. This study took a sample of 66 small and medium-sized companies in North Sumatra Province, Indonesia. We conclude that all High-Performance Organizations (HPO) factors strongly correlate with the High-Performance Finance Function (HPFF). Therefore, if a company wants to become an High-Performance Organizations company, it must also become an HPFF company. Therefore, we suggest that the top management of each company pays attention to the interrelated aspects of managing the financial function to improve or maintain the company's competitiveness. Another thing to note is the HPFF characteristics, namely "Personal Development" and "Role Clarity," which can differentiate the performance of the financial function among research respondents

Financial Performance Information System Using Economic Value Added Method

In the current era of globalization, information is needed in a management organization. Most companies prefer computerized information systems because they simplify performance management. The rapid development of today's technology is also very useful and supports all aspects of life, especially in managing accounting and financial information systems, becoming a financial analysis of a company as a benchmark in assessing company performance. At the place where this research was carried out, there was no financial data to measure financial management performance. Become a reference in evaluating financial reports to assess financial performance in this study. Responding to these problems, it can be formulated to design a financial performance information system by applying the web-based EVA (Economic Value Added) method to assess whether a company's financial performance measurement influences growth or decline for decision makers related to financial management. and investors and provide results to company stakeholders as an evaluation value of financial management. The end result of this research is the EVA value for the company is Rp. 4,267,398,060. And this value can be used as an evaluation of management at the research site.