Good Company Research Articles

The Effect Of Good Corporate Governance And Company Size On Financial Performance With Audit Quality As A Moderating Variable In LQ45 Companies

The study aims to examine the effect of Good Corporate Governance (GCG) and company size on financial performance with audit quality as a moderating variable in companies listed in the LQ45 index on the Indonesia Stock Exchange (IDX) during 2021-2023. Using a quantitative approach, the study also applied multiple linear regression analysis and Moderated Regression Analysis (MRA) to test the relationship between variables. The research conducted shows that GCG, as measured by independent commissioners and managerial ownership, has a positive influence on financial performance. Audit quality is proven to moderate the relationship between GCG and financial performance, strengthening the positive influence of GCG on firm performance. These findings make a significant contribution to the development of agency and stakeholder theory, and provide practical recommendations for companies to improve governance and audit quality to improve financial performance. This study also observes research gaps related to the implementation of GCG in Indonesia which is lagging when compared to other ASEAN countries, as well as the need for stricter supervision in the management of companies listed on the IDX.

The Influence of Liquidity, Solvency, and Activity Ratios on Profit Changes in Consumer Goods Companies Listed on the Indonesia Stock Exchange (IDX)

This study examines the effect of liquidity, solvency, and activity ratios on profit changes of consumer goods companies listed on the Indonesia Stock Exchange (IDX) from 2018-2022. Using purposive sampling, 30 companies were selected. Secondary data from financial statements was analyzed using multiple linear regression. The results show that current ratio (CR) and total asset turnover (TATO) have a significant positive effect, while debt-to-equity ratio (DER) has a significant negative effect on profit changes. These findings align with signaling theory and the DuPont model. The study contributes to financial ratio analysis research and offers practical implications for company management and investors in evaluating financial performance and making decisions. Future research should expand the sample, explore other ratios and variables, and examine different sectors.

The Effect of Return On Asset, Current Ratio, and Debt to Equity Ratio on Profit Growth in Cosmetic and Household Goods Companies Listed on The Indonesia Stock Exchange in The Period 2019-2023

The Effect of Return On Asset, Current Ratio, and Debt to Equity Ratio on Profit Growth in Cosmetic and Household Goods Companies Listed on The Indonesia Stock Exchange in The Period 2019-2023

Investment Opportunity Set in Consumer Goods Companies: The Role of Liquidity and Profitability in Investment Decision-Making

This study aimed to analyze the effect of liquidity and profitability on investment opportunities set in consumer goods sector companies listed on the Indonesia Stock Exchange. The research was conducted in consumer sector companies listed on the Indonesia Stock Exchange. The data analysis technique in this study uses qualitative data analysis based on the results of interviews, observations, and documentation. The findings in the study indicate that liquidity proxied by the Current Ratio has a negative and insignificant effect on the Investment Opportunity Set (IOS) in consumer sector companies listed on the Indonesia Stock Exchange for the period 2018-2023. Conversely, profitability proxied by Return on Equity (ROE) shows a positive and significant influence on the Investment Opportunity Set (IOS) in consumption sector companies in the same period. This finding confirms that profitability is the main factor driving the company's investment opportunities, while liquidity has no significant role in influencing IOS. The research results are expected to assist company commissioners in improving corporate financial governance to be more competitive, support financial performance, and ensure the stability and sustainability of corporate control.

NILAI TAMBAH EKONOMI TERHADAP PERTUMBUHAN LABA PERUSAHAAN BARANG KONSUMSI TAHUN 2018-2022

Financial ratios have weaknesses in assessing financial performance where good profit growth may not reflect good performance. Economic Value Added (EVA) is one of the relevant indicators in assessing financial performance. A good EVA indicates that the company is able to generate profits exceeding the cost of capital, so it can create added value for investors. The aim of this research is to examine the relationship between EVA and profit growth in consumer goods companies. The 57 selected companies have comprehensive financial reports for the period 2018 to 2022. The analysis was carried out using a quantitative descriptive approach to identify the influence between variables. The method used is linear regression using EViews software. Based on research findings, in terms of increasing profits, EVA has a positive but not significant effect. The coefficient of determination obtained is 3.34%, indicating that 3.34% of profit growth, can be explained by EVA. Meanwhile, profit growth of 96.66% was influenced by other factors. Companies and investors can consider the EVA value in making decisions and measuring the success of the company's future financial performance and maximizing profits.

Determinan Produktivitas Kerja Karyawan PT. Perkebunan Nusantara XIII

This study aims to analyze the influence of leadership style, work discipline and work motivation on work productivity. The sample in this study was 87 people who were employees of Perkebunan Nusantara XIII Kebun Ngabang. The data collection technique used was by distributing questionnaires. The results of the instrument test stated that the data in this study were valid and re-labeled. The classical assumption test stated that in this study it was normally distributed, free from multicollinearity and heteroscedasticity. The results of the study showed that: (1) Leadership style has a positive and significant effect on work productivity. (2) Work discipline has a positive and significant effect on work productivity. (3) Work motivation has a positive and significant effect on work productivity. These results have an impact on further researchers to assess work productivity in various companies and use other variables besides those in this study. The results of this study give the impression that PT Perkebunan Nusantara XIII Kebun Ngabang needs to optimize leadership style, work discipline and work motivation in order to create work productivity so that it can create good company performance.

Investigating Bank Financing and the Financial Performance of Listed Industrial Goods Companies in Nigeria

Investigating Bank Financing and the Financial Performance of Listed Industrial Goods Companies in Nigeria

Effect of Lease Financing on the Financial Performance of Listed Consumer Goods Companies in Nigeria

This study examines the effect of lease financing on the performance of Listed Consumer Goods Companies in Nigeria. The ex-post factor research design was adopted with a sample of seven listed consumer goods companies who reported lease covering the period of implementation of IFRS 16, that is, from 2019-2022 was selected. Data were collected from secondary sources through the annual reports and accounts of the listed consumer goods companies in Nigeria. The study used pooled OLS (ordinary Leased Squares) to analyzed the data. The study used value of lease contract (right of use asset) to measure lease which is the independent variable and ROA as measure of financial performance. The findings showed that Lease finance showed a negative but significant effect on ROA of consumer goods companies in Nigeria. The study therefore recommends that Consumer goods companies should focus on improving their lease management practices to ensure efficient utilization of leased assets. This may involve implementing robust tracking systems, optimizing lease terms, and renegotiating lease agreements where necessary to better align with business objectives as it has shown negative effect on financial performance.

Pengaruh Manajemen Laba Dan Kinerja Keuangan Terhadap Pengungkapan Laporan Keuangan Pada Bursa Efek Indonesia (Studi Kasus Pada Sub Sektor Building Construction)

The management of a company tends to carry out earnings management or earnings engineering for a certain period and prepares financial reports to provide information that reflects a good company's financial condition so that the company's performance looks healthy because it will have an impact on the company's attractiveness in the eyes of investors. The purpose of this study was to determine the effect of earnings management, liquidity, solvency and profitability on the Disclosure of Financial Statements in Building Construction Companies listed on the Indonesia Stock Exchange in 2018-2020. The research method is quantitative research or verification research with a time series design. The population and research sample are the Building construction sub-sector companies listed on the Indonesia Stock Exchange with a total sample of 17 companies selected and taken by purposive sampling technique. Data collection techniques using documentation studies. The analytical tool used is to use data quality analysis and multiple linear regression analysis with the SPSS program. The results show that earnings management, liquidity ratios, solvency ratios have no effect on financial statement disclosures, while profitability ratios have a positive and significant effect on financial statement disclosures.

Can good ESG performance help companies resist external shocks?

ABSTRACT In order to validate the varied conclusions regarding the integration of corporate ESG practices by investors during external shocks, this study utilises the COVID-19 crisis as a specific external shock. The findings from our difference-in-differences methodology suggest that companies demonstrating strong ESG performance have succeeded in reducing idiosyncratic risk throughout the pandemic period. Additionally, we uncover that revenue growth acts as a critical pathway through which ESG performance reduces firm-specific risk, highlighting that firms with strong ESG practices achieved higher revenue growth, which in turn contributed to risk reduction. Further analysis shows that the political environment and dividend policy influence this relationship, as examined through heterogeneity analysis. By employing the quantile difference-in-difference technique in conjunction with the adaptive Markov Chain Monte Carlo method, we depict the dynamic evolution track of the marginal effect of ESG performance across various levels of idiosyncratic risk. Our results remain robust even after a series of rigorous robustness checks.

Factors Influencing Selection of Dairy Products by Retailers with Special Reference to Amul - A Study in Raipur

This report summarizes the comprehensive analysis of the behavior of retailers, product range, and promotion strategies by the fast-moving consumer goods (FMCG) companies in the dairy products industry. The study was done during a two-month internship at Amul, with an objective to get practical knowledge about the distribution, marketing, and sales activities of FMCG companies through General Trade, Modern Trade, and Horeca channels. These considerations include profit margins, available products, reliable supply chain, and brand equity to arrive at a conclusion. Thereby, findings suggest the preference of retailers for trusted brands by the consumers having quality assurance and consistent supplies because of the perishability aspect related with dairy products such as milk, curd, and paneer. In addition, kiosk events, wall paintings, and shutter advertisements have proven to have a positive effect on the visibility of the brand and engagement of the consumers with the brand, thus affecting the decision of retailers to stock. Shelf space allocation was also observed to depend on consumer demand, brand promotions, and product differentiation in competitive retail environments. Through market visits and retailer feedback, the study provided actionable recommendations to strengthen Amul's brand presence and optimize product turnover. This internship emphasized the importance of close relationships and support mechanisms from strong retailers in fostering brand loyalty and market growth in the FMCG industry. Keywords: Distribution Efficiency, Brand Loyalty in Dairy, Retailer Relationship Management.

Pengaruh Struktur Kepemilikan dan Profitabilitas terhadap Manajemen Laba pada Consumers Cyclical Industry

Publication and disclosure of information to the general public are of particular concern to management because the company wants to show good performance and image that will have a long-term impact on the company. The component in the financial report that is first highlighted by stakeholders is related to profit. Thus, companies often take profit management actions only to manipulate profits as a reflection of good company performance. Many factors influence companies to carry out profit management such as ownership structure and company profitability. The study aims to examine the effect of managerial ownership, institutional ownership, and profitability on profit management in the non-primary goods industry listed on the IDX in 2018-2022. The sample uses data from 47 companies from a total population of 151 companies. The study uses descriptive statistics with quantitative methods. So, this study is a secondary study because the data used in the study uses data from the company's financial statements and annual reports. Sampling using purposive sampling because there are established criteria. The results of the study state that there is a significant influence of managerial ownership and institutional ownership on profit management. Meanwhile, the profitability variable does not have a significant influence on profit management.

Peran Leverage dan Profitabilitas dengan Kebijakan Deviden sebagai Variabel Moderasi terhadap Nilai Perusahaan

This research aims to examine the influence of leverage, profitability and dividend policy on company value as well as the role of dividend policy in moderating (giving a strengthening or weakening effect) the influence of leverage and profitability on the value of consumer good companies on the Indonesia Stock Exchange in 2021-2023.The population in this research is consumer good companies on the Indonesian stock exchange for the 2021-2023 period with a total of 48 companies. Then a sample of 25 companies in the period 2021-2023 used the purposive sampling method.This research is quantitative research where the data is then analyzed using the multiple linear regression method using moderation test analysis as a tool for measuring relationships. The results of this research show that leverage has a negative and significant effect on company value, profitability has a positive and significant effect on company value, dividend policy has a positive and significant effect on the company and dividend policy has a strengthening effect on the leverage and profitability variables on company value.Dividend policy can be a moderating variable for leverage and profitability on company value. It is known that the R Square value is 0.834, which means that the contribution of the leverage variable and profitability variable to the company value variable after the moderation variable (dividend policy) is 83.4%.So it can be concluded that after the existence of the moderation variable (dividend policy) it can strengthen the influence of the leverage variable and profitability variable on the company value variable.

Employee Turnover Intentions in the Fast-Moving Consumer Goods Companies from a Human Resource Management Perspectives in Malaysia

Employee Turnover Intentions in the Fast-Moving Consumer Goods Companies from a Human Resource Management Perspectives in Malaysia

Effect of Economic Corporate Social Responsibility on Financial Performance of Quoted Consumer Goods Companies in Nigeria

The possible link between corporate social responsibility (CSR) and financial performance (FP) has been a debate that lingers in CSR discourse. Nevertheless, implementation of economic responsibilities (ER) by companies in Nigeria is crucial to sustainability of business. Thus, the study’s main objective was to examine the effect of economic corporate social responsibility on performance of quoted consumer goods companies in Nigeria. The specific objective was to: determine the degree of correlation that exists among ER of quoted Consumer Goods companies in Nigeria and ROE, ROA and ROI. The study employed a non-survey design. Secondary data were extracted from the NSE fact books from 2014-2023. Partial correlation and panel multiple regression techniques were used to analyse data. The major finding of the study revealed there was a strong, high and positive relationship among ER and ROE (0.8656), ROA (0.8751) and ROI (0.8117), respectively at p<0.05. The study concluded that economic responsibilities of quoted consumer goods companies in Nigeria have significant effect on financial performance. The study recommends that it is desirous that quoted consumer goods companies should sustain and strengthen their CSR capacity, through implementation of ER so as to meet the expectations of stakeholders.

Analisis kinerja keuangan menggunakan metode economic value added dan market value added pada perusahaan sub sektor perdagangan ritel barang primer yang terdaftar di Bursa Efek Indonesia

Financial performance analysis is a method of verifying that a company has properly and correctly applied the principles of financial implementation. This study will determine the financial performance of primary goods retail trade sub-sector companies listed on the Indonesia Stock Exchange for the 2019-2023 period using the economic value added and market value added methods. This research is qualitative descriptive. The research was conducted on retail trading companies of primary goods listed on the IDX during the research period and has published financial statements during the research period. The data was obtained by the documentation method. The results of the research from the five primary goods retail trading companies studied showed a volatile but positive EVA result (EVA>0), while MVA results were consistently positive (MVA>0). Only DAYA and RANC companies in 2019 and MIDI companies in 2023 had a negative MVA (MVA<0).

Analisis Faktor-Faktor Yang Mempengaruhi Persistensi Laba

Companies that can achieve profits on target can be categorized as good companies. The quality of the company's profit can be demonstrated by persistent profits. Indicators affecting the persistence of profit will be shown objectively in the study. Sales volatility, cash flow volatility, operating cash flow, and company size are some of them. Manufacturing companies in the industrial and consumption sectors of the food and beverage subsector that are actively listed on the Indonesia Stock Exchange from 2018 to 2022 are the focus of this study. Using purposive sampling criteria, 145 observational data will be assessed in this study. The technique or method of analysis used is multiple linear regression analysis. This study showed that among the four independent variables tested against profit persistence, there were three independent variables that were influential. Among them are sales volatility, cash flow volatility, and operating cash flow. So that the company to measure and get persistent profits must pay attention to the level of sales, and the use of operating cash flow. With persistent profits can show the quality of the company's profits that will provide a good long-term assessment for investors.

Promoter Ownership and Leverage: An Empirical Evidence of Agency Problem in Select FMCG Companies

The study examines the association between promoter ownership and leverage of Fast Moving Consumer Goods (FMCG) companies listed at BSE in the ‘A’ category. The FMCG Industry is a vital sector for the Indian economy. Leverage decision is a critical financial decision. In the year, 2020 the revenue of the FMCG market was USD 110 billion. The study tries to investigate the impact of promoter shareholding on the leverage decision of Indian FMCG companies. The study is conducted on a sample of 46 companies and the study period ranges from 2017-2022 for 5 years. The study conducted A panel data model is opted for data analysis. The study also conducted a diagnostic test to further check the reliability of the data. The study indicated a significant positive association between ownership structure and leverage. Due to the existence of agency problems, the leverage decisions deviate from neoclassical models. The study’s finding adds to the extant literature on promoter ownership. The positive relationship indicated the existence of an agency problem. Firm executives should try to reduce Agency problems to enhance firm performance.

Physical Distribution Practices and Marketing Performance of Selected Fast Moving Consumer Goods Companies in South-South Region of Nigeria

This study was designed to investigate the influence of physical distribution practices (transportation management, warehousing management, communication and information systems, and order processing) on the marketing performance of selected fast-moving consumer goods (FMCG) companies in the south-south region of Nigeria. The survey research design approach was adopted using a structured questionnaire to collect data from 247 selected FMCG sales representatives involved in the distribution of FMCG products in the south-south region of Nigeria. Stratified random sampling was employed. The data gathered was analysed using percentages and frequency tables. The formulated hypotheses were tested using a multiple regression approach. Findings from the study revealed a strong positive influence between the independent variables (transportation management, warehouse management, communication and information systems, and order processing management) and the dependent variable (marketing performance). The researchers suggest that FMCG companies should prioritise transportation management to facilitate better and more efficient movement of goods and people, thereby improving their marketing performance. Given the limitations of this study, the researchers presented practical implications and directions for future research.

Operationalization of ESG-Integrated Strategy Through the Balanced Scorecard in FMCG Companies

The increasing focus on sustainability and climate change mitigation necessitates that corporate strategies not only build competitive advantage but also contribute to the creation of sustainable operations. The purpose of the article is to present, based on the analyses of the development of the strategic targets of leading Fast-Moving Consumer Goods (FMCG) companies, a method for operationalizing an ESG-adapted corporate strategy within FMCG companies using the Balanced Scorecard (BSC). ESG, encompassing environmental, social, and governance factors, requires a shift in both strategic management theory and practice. The author explores how ESG metrics can be integrated into the traditional BSC framework alongside financial, customer, and business processes and learning and growth perspectives to align with the growing importance of sustainability. The study identifies specific measures that contribute to a successful transition toward sustainable business practices. The findings demonstrate that the BSC, when adapted to incorporate ESG considerations, is an effective tool for strategy implementation and operational management in FMCG companies. While the proposed framework focuses on the FMCG sector, it has potential applications across other industries. The article makes important theoretical contributions, though it would benefit from further empirical research, sector-specific comparisons, and a more detailed examination of external ESG factors that impact corporate strategy.